Taiwan’s First Neobank, Next Commercial Bank, Selects Temenos’ Digital Banking Platform to Launch in Record Time
Jun05

Taiwan’s First Neobank, Next Commercial Bank, Selects Temenos’ Digital Banking Platform to Launch in Record Time

Temenos, the banking software company, today announced that Next Commercial Bank (Next Bank), has selected Temenos Transact to power its launch as one of Taiwan’s first neobanks and deliver digital banking experiences that challenge the status quo. Cloud-native, cloud-agnostic Temenos Transact will deliver rich, pre-configured banking functionality and compliance to support Next Bank’s rapid launch to market in 2020. Temenos’ market...

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Fintech Fix: Tapping Out?
Jun05

Fintech Fix: Tapping Out?

Check out this week’s episode of The Fintech Fix, featuring MTA – Metropolitan Transport Authority, NYC and UK Finance. Anyone tired of the travelcard – me too? Find out when contactless payments will touch in for NYC...

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Wolters Kluwer Lending Insights Show Major Impact of TSoftPlus Across US
Jun05

Wolters Kluwer Lending Insights Show Major Impact of TSoftPlus Across US

Wolters Kluwer Compliance Solutions has shared insights showing that its Paycheck Protection Program (PPP) Supported by TSoftPlus™ solution has helped small businesses retain approximately one million American jobs, representing almost 100 different industries. The figures provide further evidence as to how the Minnesota-based business is continuing to provide industry expertise and technology prowess, leading the way when it comes to...

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FF Virtual Arena: Belvo, Open Banking and What It’s Like to Get Millions
Jun04

FF Virtual Arena: Belvo, Open Banking and What It’s Like to Get Millions

In today’s Virtual Arena at 14:30 BST join us as we talk everything Open Banking and what its actually feels like to get a million bucks. The Open Banking enablers – Belvo talk to us about their funding and Latin American financial...

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Paxful, the Latest Crypto Company Entering India Market, Is Already the Leading P2P Bitcoin Marketplace in The Country
Jun04

Paxful, the Latest Crypto Company Entering India Market, Is Already the Leading P2P Bitcoin Marketplace in The Country

Paxful, a leading global peer-to-peer bitcoin marketplace that recently expanded operations in India, is already the largest in the country. Aiming to expand the financial inclusion and fiscal independence of a new generation of Indians by harnessing the power of cryptocurrencies, Paxful offers a simple, transparent, and secure platform for bitcoin trading. Through the platform, buyers gain access to the global economy by connecting...

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Sinch Ranked Top Messaging Innovator, Best Vendor in Category in North America
Jun04

Sinch Ranked Top Messaging Innovator, Best Vendor in Category in North America

Sinch AB, a global leader in cloud communications for mobile customer engagement, has been named the number one innovator among 50 companies judged for The Innovators Report 2020, published by the Roaming Consulting Company (ROCCO). Separately, Sinch received a Tier One rating and was honored as the top A2P SMS Messaging Vendor in North America in ROCCO’s A2P SMS Messaging Vendor Performance Report 2020. The Innovators Report aims to...

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Amadeus and Troovo team up to automate B2B travel payments
Jun04

Amadeus and Troovo team up to automate B2B travel payments

The integration of Troovo’s advanced Robotic Process Automation (RPA) engine with Amadeus’ B2B Wallet means the entire virtual payment flow can now be automated very quickly, helping the travel industry digitally transform B2B supplier payments. The way travel agencies pay travel providers, like airlines, is changing as virtual payments replace traditional methods and legacy payment processes. This move to virtual cards helps to...

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Standardisation: Unlocking the full value of digitisation and contract analysis
Jun04

Standardisation: Unlocking the full value of digitisation and contract analysis

Agreements undergird much of the civilized world and the derivatives industry is no different. While necessary, contracts can take significant effort to manage. They are lengthy, time-consuming and can cause disagreements in interpretation between parties. However, technology, particularly when paired with collaboration between parties, can help alleviate many of the challenges that contracts bring. This approach saves time and money,...

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Featurespace Named as Representative Vendor in  Gartner’s May 2020 Market Guide for Online Fraud Detection
Jun04

Featurespace Named as Representative Vendor in Gartner’s May 2020 Market Guide for Online Fraud Detection

Featurespace™, the leading provider of Enterprise Financial Crime prevention software, has been recognised as a Representative Vendor in Gartner’s 2020 Market Guide for Online Fraud Detection. The report states, “online fraud detection is expanding beyond traditional use cases, and market overlap with identity proofing and authentication is growing. SRM leaders focused on fraud should select vendors based on desired...

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BNP Paribas Fortis has chosen Worldline to set up and operate its omni-channel Contact Service Center
Jun04

BNP Paribas Fortis has chosen Worldline to set up and operate its omni-channel Contact Service Center

Worldline, the European leader in the payments and transactional services industry, has sealed a multi-year contract with BNP Paribas Fortis, a leading financial institution in Belgium and across Europe. Under this agreement, Worldline will set up and operate BNP Paribas Fortis’ omni-channel Contact Service Center (CSC) using WL Contact. Operating in SaaS (Software-as-a-Service) mode, this proven contact center solution will handle...

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11:FS and Plaid joint report examines how open finance will shape the next generation of digital financial services
Jun04

11:FS and Plaid joint report examines how open finance will shape the next generation of digital financial services

11:FS, the challenger firm defining and building truly digital financial services, and Plaid, the technology company powering digital apps and services millions of people rely on to manage their finances, have released a joint report on the transition from open banking toward open finance.  The report, “Open finance: shaping the future of financial services” considers the transformative impact of the UK’s Open Finance framework...

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Worrying services sector is so absent in UK-EU negotiations, new academic report finds
Jun04

Worrying services sector is so absent in UK-EU negotiations, new academic report finds

The services sector, which accounts for around 80% of the UK economy, has been largely missing from UK-EU trade negotiations; however, reduced access to the EU market will profoundly impact businesses across the country, a new report by academic think tank UK in a Changing Europe finds. The report, Services and Brexit, raises fundamental questions about the economic price the government seems willing to pay through decreased single...

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Wolters Kluwer’s Compliance Solutions Wins Four Stevie Awards in 2020 American Business Awards®
Jun03

Wolters Kluwer’s Compliance Solutions Wins Four Stevie Awards in 2020 American Business Awards®

Wolters Kluwer Compliance Solutions has been recognized with four wins by the prestigious 2020 American Business Awards, one of eight Stevie® Awards programs that recognize business achievements and product innovation. Compliance Solutions succeeded in winning submissions against a highly competitive field, earning three “Stevie Awards” for product innovation and one for customer service excellence. Winners were determined by entry...

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How can banks project losses in the current Covid-19 crisis? asks Global Credit Data in latest report on loss given default
Jun03

How can banks project losses in the current Covid-19 crisis? asks Global Credit Data in latest report on loss given default

As banks deal with the ongoing consequences of Covid-19 on the global economy, Global Credit Data (GCD) has published its 2020 report on Loss Given Default (LGD), offering the latest numerical evidence of recoveries and losses incurred by banks from loans to large corporate borrowers. The report is based on a clear and qualified set of data, underpinned by verified, high-quality information collected over 15 years from more than 60...

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FF Virtual Arena: Payments with BNY Mellon
Jun03

FF Virtual Arena: Payments with BNY Mellon

In today’s Virtual Arena at 14:30 BST Douglas Mackenzie will be hosting BNY Mellon’s Carl Slabicki, CTP, AAP, the Executive Manager of Payment Solutions as we continue our ‘Payments around the world’ series. Find out all about how large scale transactions are changing!...

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Visa’s fast track program and how it’s great for fintech
Jun03

Visa’s fast track program and how it’s great for fintech

The global economy is now being shaped by innovation and novelty in digital technology. New inventions and advancements in already existing software and hardware transform the way we live our day to day lives. Moreover, innovation is changing industries and sectors in national and international economic ecosystems, making them more convenient and easy to use. At the same time, such shifts help businesses in granting access to a...

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Revolut launches financial super app
Jun03

Revolut launches financial super app

Revolut has today announced the launch of its new app version, the latest step in its journey to becoming a financial super app. With the latest 7.0 app release, Revolut is reimagining and redefining what it can do for customers around the world. The major redesign has focused on creating one app from which customers can manage all their finances with safety and ease, every day. The new experience is even more intuitive, with a new...

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Income data transparency key to unlocking billion-dollar inflows of institutional capital into commercial real estate, says property data firm Income Analytics
Jun03

Income data transparency key to unlocking billion-dollar inflows of institutional capital into commercial real estate, says property data firm Income Analytics

Commercial real estate could attract billions of pounds of passive capital in the way fixed income and equities do if the sector reported income data more accurately and transparently to investors, according to Matthew Richardson, the chief executive of property data firm Income Analytics. Passive capital invests by replicating a specific benchmark or index such as the S&P 500 in order to match its performance. While MSCI can...

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Two sides of the same coin: Financial and digital inclusion
Jun03

Two sides of the same coin: Financial and digital inclusion

By Nabeel Irshad, Vice President, Government & Public Sector, UK & Ireland, at Mastercard The issue of how to tackle financial inclusion has long been a part of the conversation in banking and financial services circles. Regulations have led to the UK’s biggest banks having to provide ‘basic bank accounts’ to cater for those who do not qualify for regular current account products. Many fintech and prepaid players have spotted...

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COVID-19 vs Insurtechs: Threat or Opportunity?
Jun03

COVID-19 vs Insurtechs: Threat or Opportunity?

Like many other businesses across industries, insurance companies have been heavily impacted by the current COVID-19 crisis. Interestingly, insurtechs and mobile solutions are exactly what can help insurers cope with the most recent challenges. Here’s why the current COVID-19 crisis might actually be an opportunity rather than a threat to insurtech products. Insurance companies in the midst of COVID-19 There’s no doubt that insurance...

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Trade finance fintech Stenn extends and upsizes core finance programme to $500 million with new major investors
Jun03

Trade finance fintech Stenn extends and upsizes core finance programme to $500 million with new major investors

Online trade finance scale-up Stenn has secured participation from Barclays Bank, Coface SA, and Crayhill Capital Management LP in its latest investment round. The funding is for its core trade financing programme, Stenn Assets Funding, now sized at half a billion dollars. The two investors and the insurance provider have joined Stenn’s award-winning financing programme, alongside existing financing providers Natixis, which is also...

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How Fintech Can Help Small Businesses Prepare for a Post-COVID-19 Crisis
Jun03

How Fintech Can Help Small Businesses Prepare for a Post-COVID-19 Crisis

During the first three months of 2020, Britain’s economy fell by more than 2%, according to a recently released government report. While to some people, this number may seem marginal, what you need to keep in mind is that the economy has seen the biggest drop in more than a decade. The last time it contracted this much was at the end of 2008 when the global economy went through a major crisis. Even though the situation isn’t hopeless,...

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Cutover secures investment from Barclays in $17m Series A funding round
Jun03

Cutover secures investment from Barclays in $17m Series A funding round

Cutover, a cloud-enabled work orchestration and observability platform, enabling organizations to innovate at pace with operational resilience, announced today that Barclays has joined Index Ventures in its $17 Million Series A funding round.  With many leading global banks and wider financial services firms already on board, this new wave of funding will increase Cutover’s development capability fourfold while supporting the...

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New Marketplace Platform Vintro Launches for All Entrepreneurs  Democratising Access to Funding and Mentorship
Jun02

New Marketplace Platform Vintro Launches for All Entrepreneurs Democratising Access to Funding and Mentorship

 Vintro, a new digital, global marketplace of business decision makers, is opening its platform to entrepreneurs and innovators who are seeking mentorship, guidance or investment. Aiming to simplify the business development process, Vintro’s decisionmakers, known as ‘reviewers,’ are compensated for their time to review new ideas, products or services from entrepreneurs or ventures, the community’s ‘creators,’ via a 90-second video. ...

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Mastercard Fintech Express startups to have easy access to Railsbank BaaS platform
Jun02

Mastercard Fintech Express startups to have easy access to Railsbank BaaS platform

Railsbank, the leading global open banking platform and a Mastercard Express Partner, announces that startups that become part of the new Mastercard Fintech Express programme will have easy access to the Railsbank Banking-as-a-Service (Baas) platform. Launched this week in Europe, the new Mastercard Fintech Express programme provides tailor-made solutions that boost market entry and expansion for startups. The programme supports...

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Alasdair Rhind, Aegon – Multichannel environments within wealth management
Jun02

Alasdair Rhind, Aegon – Multichannel environments within wealth management

FF and Alasdair Rhind, Aegon discusses the importance of the multichannel environment in wealth management

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UK Government moves to embrace Payment Initiation with TrueLayer appointment
Jun02

UK Government moves to embrace Payment Initiation with TrueLayer appointment

TrueLayer, one of the leading providers of financial APIs, has been appointed to the UK Government’s Crown Commercial Service’s (CCS) Payment Acceptance Framework. As a result, TrueLayer can provide public sector organisations with its Payment Initiation Service (PIS). PIS is faster, more secure and has much lower transaction costs than nearly any other payment method. As people do not require credit or debit cards to complete...

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Salt Edge’s data aggregation helps Zeeco calculate carbon emissions
Jun02

Salt Edge’s data aggregation helps Zeeco calculate carbon emissions

Zeeco, a New Zealand fintech, teamed up with Salt Edge, a leader in offering open banking solutions, to access users’ bank data and automate eco-contributions. With raising awareness on the environmental problems in the world, more and more industries turn to eco-friendly solutions and now even everyday shopping can benefit the planet. Zeeco is an app that lets users shop carbon free anywhere. By connecting directly to the users’ bank...

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Vesta Secures $125 Million Investment From Goldfinch Partners
Jun02

Vesta Secures $125 Million Investment From Goldfinch Partners

Vesta, a fintech pioneer in fraud protection and fully guaranteed payment technologies, has secured $125 million in new growth capital from private equity firm Goldfinch Partners. The funding will provide Vesta with the resources to invest in growth and continue the global deployment of its fraud protection and e-commerce payment solutions. Vesta enables e-commerce companies to grow their businesses by focusing on revenue rather than...

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Starling Bank Connected Card
Jun02

Starling Bank Connected Card

Starling Bank’s Connected Card has been endorsed by the Royal Voluntary Service and the national disability charity Scope, which campaigns to challenge and change negative attitudes about disability. The organisations have recognised it as a trusted payment card for the vulnerable and those self-isolating, to give to anyone they trust to pay for groceries and other essential items on their behalf. As part of this, the Royal Voluntary...

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FinoComp launches innovative investment performance reporting service – Insight
Jun01

FinoComp launches innovative investment performance reporting service – Insight

FinoComp the wealth management microservices business, now owned by Bravura Solutions, today announces the launch of a ground-breaking, innovative investment performance reporting tool – Insight.  This new configurable microservice provides access to state-of-the-art reporting analytics enabling the tracking and accurate analysis of performance data across investment portfolios both at an individual investor level and across multiple...

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FF Virtual Arena: Payments with ING
Jun01

FF Virtual Arena: Payments with ING

Join us today at 14:30 BST for our Virtual Arena with ING’s Mark Buitenhek and Fintech Finance’s Douglas Mackenzie where they discuss the very nature of the ever changing payments ecosystem. This is your chance to listen to the Head of Transaction Services from the worlds most innovative bank...

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FF Fundraiser #2 May 2020
Jun01

FF Fundraiser #2 May 2020

We have the very talented Lewis taking on the biggest fundraising news throughout May! Absolutely not to be missed, because this guy can drop a beat!  

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Mastercard, PFS and Starling Bank team up to offer a trusted alternative to cash to NHS volunteers
Jun01

Mastercard, PFS and Starling Bank team up to offer a trusted alternative to cash to NHS volunteers

As National Volunteer Week gets underway, Royal Voluntary Service has identified two Mastercard issuers to provide trusted payment cards to NHS Volunteer Responders. These can be applied for by the critically vulnerable and those self-isolating to give to volunteers to pay for their shopping, in a safe and secure way. NHS Volunteer Responders has been set up to support the NHS and the care sector during the COVID-19 outbreak. An...

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Wolters Kluwer Updates OneSumX for Regulatory Reporting and Signs ING in China
Jun01

Wolters Kluwer Updates OneSumX for Regulatory Reporting and Signs ING in China

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has released an update for  its OneSumX for Regulatory Reporting solution to allow clients to meet the Second-Generation People’s Bank of China Enterprise Credit Reference Submission. OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service....

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IrisGuard leads the way in contact-free iris verification payment services with ISO Level 1 PAD test compliance
Jun01

IrisGuard leads the way in contact-free iris verification payment services with ISO Level 1 PAD test compliance

We are delighted to announce that we have received our final certification and notice of compliance for Presentation Attack Detection to internationally recognised ISO 30107-3 standards from independent test house specialists, iBeta labs, in Denver.  IrisGuard is one of only two companies globally to receive such compliance for its EyePay android phone, app and EyeCloud processing system. IrisGuard is the world leader in dedicated...

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Zwipe & Galileo Sponsor Group Futurista’s 2nd Futurecast Webinar
May28

Zwipe & Galileo Sponsor Group Futurista’s 2nd Futurecast Webinar

Group Futurista is a global tech based event company. They have organized numerous technology summits across Europe in the past two years. To keep up with the current pandemic situation, Group Futurista launched the ‘FutureCast Series of Webinars’ last month. After a massive success of their first webinar, Group Futurista is coming up with its 2nd webinar in the series of ‘Future of Webinar Series’ about how...

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FF Virtual Arena: An IFRS17 Guide For CFO’s
May28

FF Virtual Arena: An IFRS17 Guide For CFO’s

In todays Virtual Arena at 14:30 BST, we pit our host Ali Paterson, with two Insurance legends – in the red corner we have Aptitude Software’s Brian Heale, IFRS17 Consultant, and in the blue, Q_PERIOR’s Eduardo D’ Alma, Partner. These two are going to provide the ultimate guide for CFO’s when it comes to IFRS17 in the world. So if you have the word Finance in your title this will be a MUST...

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Global Tier One Bank, Itaú Private Bank International, from Itaú Unibanco Group, Selects Temenos SaaS to Power its International Banking Operations on a Single Wealth Management Platform
May28

Global Tier One Bank, Itaú Private Bank International, from Itaú Unibanco Group, Selects Temenos SaaS to Power its International Banking Operations on a Single Wealth Management Platform

Temenos, the banking software company, today announced that Banco Itaú (Suisse) SA and Banco Itaú International, affiliates belonging to one of the world’s largest private bank groups, Itaú Unibanco Holding SA (Itaú), have extended their relationship with Temenos  to rapidly deploy Temenos Infinity Wealth and Temenos Transact on Temenos SaaS. Temenos’ cloud-native, cloud-agnostic, API-first technology will power the bank’s...

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SunTec® collaborates with AWS to offer cloud-native applications that help clients improve customer experience and drive revenue growth
May28

SunTec® collaborates with AWS to offer cloud-native applications that help clients improve customer experience and drive revenue growth

SunTec, a leading provider of revenue and billing management solutions, announced today that it is working with Amazon Web Services (AWS) to offer Xelerate platform and products on AWS Cloud. The Xelerate platform and products have been optimized to leverage the cloud capabilities of AWS. Organizations across industries will now be able to leverage Xelerate products on AWS cloud and take advantage of the cost, resilience,...

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Bank of Cyprus commits to higher payments standards with HPS’ PowerCARD solution
May28

Bank of Cyprus commits to higher payments standards with HPS’ PowerCARD solution

HPS, the leading multinational provider of payment solutions, today announced that Bank of Cyprus, the largest banking and financial services group in Cyprus, completed the migration to HPS’ PowerCARD solution to replace its legacy systems. After having successfully migrated its Switch from Base24 to PowerCARD-Switch, Bank of Cyprus completed the migration of its Card Management System from Bevertec to PowerCARD-Issuer. With...

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Fintech PR in the age of Covid-19
May28

Fintech PR in the age of Covid-19

While Covid’s impact on funding, digital transformation, ESG and regulatory issues in the fintech space have been hotly debated – Chris Skinner’s blog post “Here’s what the new normal looks like” is a great example of this – little has been written about how communications have to change, and specifically, the media landscape.  The fact that blogs like Chris’ are seeing higher web traffic as no doubt 11:FS and the Financial...

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FF Virtual Arena: Payments as a Service
May27

FF Virtual Arena: Payments as a Service

In todays Virtual Arena, live at 14:30 BST, our host Ali Paterson will be talking to the Fintech Finance regular Ciaran Chu, the man with his head in the cloud but his feet on the ground. If you want to see how the very nature of paying and being paid will be changing. Find out More...

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FCA regulated Koine and GCEX partner to provide global client-base with ultra-secure segregated custody and settlement
May27

FCA regulated Koine and GCEX partner to provide global client-base with ultra-secure segregated custody and settlement

Koine, the provider of segregated, institutional custody and settlement services for digital assets and fiat money, has integrated with digital broker GC Exchange Limited (GCEX); two firms regulated by the UK’s Financial Conduct Authority (FCA). GCEX, founded in 2018, will use Koine’s custody and settlement services, enabling GCEX’s client base to benefit from Koine’s cutting-edge platform for both fiat and digital currencies. Koine’s...

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Canoe Intelligence wins 2020 Financial Services Forum Awards in “One to Watch” and “Transforming the Workforce” categories

Canoe Intelligence (“Canoe”), a financial technology company on a mission to automate alternative investment operations for institutional investors, capital allocators and asset servicing firms, today announced it has won two Product and Service Innovation Awards given by The Financial Services Forum: “One to Watch” and “Transforming the Workforce.” This is the second year in a row Canoe has won the Product and Service...

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FF Virtual Arena: Open Banking, Onboarding and COVID-19
May26

FF Virtual Arena: Open Banking, Onboarding and COVID-19

Hope everyone in the UK had a great Bank Holiday and happy Tuesday to you all! In today’s Virtual Arena, our host Ali Paterson chats with Trulioo’s Zac Cohen to discuss open banking, onboarding processes and, of course, COVID-19. Live onsite,...

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Equifax partners with HooYu for digital customer onboarding and KYC journey tech
May26

Equifax partners with HooYu for digital customer onboarding and KYC journey tech

Equifax, the business and consumer insights expert, has announced a partnership with HooYu, leading customer onboarding and KYC RegTech provider, to expand its range of identity and fraud tools. The strategic partnership will support Equifax clients across regulated and non-regulated sectors that are striving to improve their digital customer onboarding experience, and bolster their anti-fraud processes, while meeting anti-money...

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Future of Banking Week
May26

Future of Banking Week

Starting today,  Future of Banking host an incredible online event on the subject of Digital Banking and FinTech. With speakers from N26, Tide, Curve, Galileo, Mastercard and lots more. The future of banking week is a 4-day, online, digital banking event. Every day of the event, they bring together industry leaders to discuss the future of banking in keynotes and panels on a virtual stage. More information about the event:...

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Journalist’s insights: diving into the world of fintech media with Doug Mackenzie
May26

Journalist’s insights: diving into the world of fintech media with Doug Mackenzie

Fintech is one of (if not the most) hottest topics discussed and featured in the media. We are all aware of Monzo, Revolut, Stripe and other companies that are disrupting the finance services industry as we knew it. Fintech is a beat for a large number of journalists, and Fintech focused outlets have emerged. But how do you stand out in the media as a new fintech company in this world of technology, startups, scaleups and others? Join...

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8th Annual Advancing Credit Risk Modelling for IFRS 9
May26

8th Annual Advancing Credit Risk Modelling for IFRS 9

16-18 September 2020 London, United Kingdom Live Stream and On – Demand Since its initial go-live date, the effects of IFRS 9 upon the banking industry have been substantial – particularly so within credit risk modelling. Since initial implementation, a number of issues have been identified with credit risk modelling under the standard. Whilst credit risk models continue to evolve and develop alongside these issues, challenges...

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