Tory Jackson, Galileo – Background to financial services industry in Mexico
Aug03

Tory Jackson, Galileo – Background to financial services industry in Mexico

Tory Jackson of Galileo gives us some background to financial services industry in Mexico

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DirectID Launch Collections & Recoveries Solution
Jul28

DirectID Launch Collections & Recoveries Solution

Global FinTech, DirectID, has today announced the launch of its Collections & Recoveries solution Working with some of the UK’s leading banks, lenders and debt collections agencies, DirectID has built a solution that will simplify and streamline the collections process for both collections agents and their customers.  Using bank data, collections agents will have an up-to-date and accurate view of a customer’s financial statement...

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Jorge Madrigal, Belvo – biggest challenges facing traditional financial institutions if they don’t embrace change
Jul27

Jorge Madrigal, Belvo – biggest challenges facing traditional financial institutions if they don’t embrace change

We speak with Jorge Madrigal of Belvo about the biggest challenges facing traditional financial institutions if they don’t embrace...

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Tory Jackson, Galileo – What are some of the biggest challenges Banks will face in the future
Jul27

Tory Jackson, Galileo – What are some of the biggest challenges Banks will face in the future

We speak with Tory Jackson of Galileo about some of the biggest challenges Banks will face in the future

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Santander Partners with Ripple to Bring Certainty and Speed to International Payments
Jul24

Santander Partners with Ripple to Bring Certainty and Speed to International Payments

As well as being one of the biggest banks in the world, Banco Santander also has a reputation as one of the finance industry’s most innovative organisations. Since the launch of its innovation fund, InnoVentures, in 2014, Santander has invested heavily in a range of digital technologies. But every innovation must directly benefit the bank’s millions of customers, like One Pay FX—the transformative cross-border payments service created...

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Reducing friction in the verification process is key to enhancing the customer experience, says Payfone
Jul24

Reducing friction in the verification process is key to enhancing the customer experience, says Payfone

With the UK population now fully adjusted to the various pandemic-based restrictions, much of the public has become accustomed to doing their shopping or banking online. With more people using their tablets and smartphones to open bank accounts and to make transactions, it is imperative that companies work to build the same sense of trust amongst their customers that they would when interacting face to face. For authentication and...

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TBC Bank the first digital bank in Uzbekistan, goes live with Capital Banking Solutions
Jul24

TBC Bank the first digital bank in Uzbekistan, goes live with Capital Banking Solutions

Capital Banking Solutions, the global provider of integrated banking software announced today that TBC Bank 1st digital bank in Uzbekistan and the subsidiary of TBC banking group in Georgia, goes live with Capital Banking Solutions’ open platform: CapitalBanker and CapitalConnect suite as an open back-end API-based solution. Vigorous activity of TBC Bank is a catalyst for changes in the banking sector in Uzbekistan by contributing to...

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NatWest partners with entrepreneur success story Synalogik
Jul24

NatWest partners with entrepreneur success story Synalogik

NatWest have announced a partnership with Synalogik, a member of their Entrepreneur Accelerator programme, to provide an innovative software platform that will allow the bank to automate their compliance and intelligence checks. Synalogik was formed in 2018, and joined the NatWest Bristol Accelerator hub in April 2019, gaining support from the bank’s Entrepreneur and Fintech Accelerators in the process. Having grown and expanded their...

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Former Venmo GM Amit Jhawar Joins Galileo as Special Advisor
Jul24

Former Venmo GM Amit Jhawar Joins Galileo as Special Advisor

Galileo, the global payments platform that powers world-leading fintech companies, financial institutions and investment firms, is welcoming Venmo and Braintree alumnus Amit Jhawar as a special advisor. Galileo CEO Clay Wilkes said, “In his role as an advisor, Amit will help Galileo scale our business and optimize our performance to maximize potential. His expertise in growing API-based businesses like Braintree and building a...

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Konsentus partners with Open Vector as open banking accelerates in Latin America
Jul24

Konsentus partners with Open Vector as open banking accelerates in Latin America

Konsentus announced that it has partnered with open banking advisory company Open Vector to enable Financial Institutions in Latin America and Canada to implement open banking and benefit from real-time TPP identity and regulatory checking. Open Banking enables payment users to have better control of and access to their transactional account data by giving regulated third-party providers the ability to initiate payments and access...

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Bits of Stock partners with Button to launch its Stock Back program
Jul24

Bits of Stock partners with Button to launch its Stock Back program

Button, the leading mobile commerce platform, announced its partnership with Bits of Stock, the brand loyalty and investment app, to enable its users to discover in-app brand offers, shop, and earn fractional shares of stock. Through this integration, Bits of Stock can better target users to drive repeat purchases and increase engagement, fueling its monetization strategy through the affiliate channel.  Starting today, users can shop...

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Trustology Primes Ethereum 2.0 Staking for Institutional Clients
Jul24

Trustology Primes Ethereum 2.0 Staking for Institutional Clients

Leading crypto custody solutions provider Trustology, has announced that it will be one of the first to offer built-in ETH 2.0 staking support, across mobile, web or API integration, for its client base of institutional investors and individuals when the upgrade comes later this year. Thanks to a mix of proprietary fail-safe software, hardware, and insurance, Trustology users will soon be able to stake ETH in a safe and simple to use...

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flowe chooses SIA to develop digital banking services
Jul23

flowe chooses SIA to develop digital banking services

Flowe, the benefit corporation of Mediolanum Group, an emerging Italian e-money institution that aims to educate young people on innovation and economic, social and environmental sustainability, chooses SIA, a leading European hi-tech company in the payment services and infrastructures sector controlled by CDP Equity, as its partner to support the offer of innovative digital services in the areas of e-money, payments, current...

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Royal Bank of Canada and Borealis AI announce new AI private cloud platform, developed with Red Hat and NVIDIA
Jul23

Royal Bank of Canada and Borealis AI announce new AI private cloud platform, developed with Red Hat and NVIDIA

Royal Bank of Canada (RBC) and its AI research institute Borealis AI have partnered with Red Hat and NVIDIA to develop a new AI computing platform designed to transform the customer banking experience and help keep pace with rapid technology changes and evolving customer expectations. As AI models become more efficient and accurate, so do the computational complexities associated with them. RBC and Borealis AI set out to build an...

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Uinsure and Twenty7Tec, the two leading technology platforms, extend their exclusive partnership to speed up fintech for Advisers
Jul23

Uinsure and Twenty7Tec, the two leading technology platforms, extend their exclusive partnership to speed up fintech for Advisers

Uinsure, the multi-award-winning InsurTech disruptor, has extended its exclusive industry-shaping partnership with mortgage technology specialist Twenty7Tec. Users of Twenty7Tec’s CloudTwenty7 platform continue to be able to produce home insurance quotes automatically and seamlessly via Uinsure’s API for every mortgage case, making the journey as easy for the user as possible. Since its launch Advisers have produced over 60,000 quotes...

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Metro Bank celebrates 10 years of bringing the revolution to uk banking with ‘M People-People’ concert
Jul23

Metro Bank celebrates 10 years of bringing the revolution to uk banking with ‘M People-People’ concert

On Wednesday 29 July, Metro Bank, the UK’s community bank, turns double digits as it celebrates 10 years on Britain’s high streets. The bank opened its first store in Holborn on 29 July 2010 – the first high street bank to open in the UK in more than 100 years. The bank has since grown to serve more than two million customer accounts, with 77 stores and 3,500 colleagues across the country. 10 years of doing more for communities Metro...

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Snoop and Anorak team up for life
Jul23

Snoop and Anorak team up for life

London and Norwich-based Fintech, Snoop, has agreed a new partnership with Anorak, the smart life insurance adviser. The partnership will see Anorak incorporate its industry-leading protection software platform into the Snoop app. As well as giving a complete view of a customers’ finances through the latest Open Banking Technology, Snoop uses machine learning to provide data-driven, personalised insights (‘Snoops’) to help consumers...

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Smarsh Launches Zoom Voice Recording and Archiving
Jul23

Smarsh Launches Zoom Voice Recording and Archiving

Smarsh®, enabling organisations to manage the risk and uncover the value within their electronic communications, today announced comprehensive capture and archive support for Zoom chat, voice and video recordings. Businesses have increasingly relied on web conferencing and collaboration platforms to augment their operations, especially since COVID-19 has pushed much of the workforce into remote settings. Over the first three months of...

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The Venture Center Expands Corporate Innovation Offerings
Jul23

The Venture Center Expands Corporate Innovation Offerings

The Venture Center announced the expansion of its corporate innovation offerings, along with a new team member spearheading the additional effort. Based in New York City, Jacob Bouer has been named The Venture Center’s Director of Strategic Partnerships. From the world’s financial capital, Bouer will cultivate new business opportunities with financial institutions and corporations looking to enhance their innovation...

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Optimum Finance uses AI to identify SMEs needing invoice finance
Jul23

Optimum Finance uses AI to identify SMEs needing invoice finance

Leading invoice finance and fintech business Optimum Finance has announced its latest technological innovation as part of its mission to use technology and automation to revolutionise the sector and benefit its SME customers.  The fast-growth firm, which launched in 2016, has partnered with artificial intelligence and machine learning experts Critical Future to develop a first-in-sector machine learning capability which can identify...

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Orange and NSIA launch Orange Bank Africa to provide greater access to financial services and improve the financial inclusion of people living in West Africa
Jul23

Orange and NSIA launch Orange Bank Africa to provide greater access to financial services and improve the financial inclusion of people living in West Africa

Orange, a major telecoms provider in Africa and the Middle East, and NSIA, a leader of bancassurance, are pleased to announce the launch of Orange Bank Africa in Abidjan and Côte d’Ivoire. Orange Bank Africa, headed by Jean-Louis Menann-Kouamé, will offer clients a range of simple savings and credit services available at all times via mobile phone. Orange Bank Africa will address the needs of a large part of the population, often...

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Orange Bank Africa Goes Live with Temenos SaaS
Jul23

Orange Bank Africa Goes Live with Temenos SaaS

Temenos, the banking software company, today announced that Orange Bank Africa has gone live with cloud-native Temenos Transact delivered as SaaS. Temenos Transact core banking technology scales to support the bank to launch and drive financial inclusion in the African WAEMU region, starting with the Ivory Coast. Temenos’ cloud technology enables sustainable, long-term growth for Orange Bank Africa by reducing IT costs, operational...

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Neustar Launches SmartTrace as Intelligent Skip Trace Alternative for Debt Collections
Jul23

Neustar Launches SmartTrace as Intelligent Skip Trace Alternative for Debt Collections

Neustar Inc., a global information services and technology company and leader in identity resolution, has launched SmartTrace, a service that improves traditional skip tracing efforts used by first and third party collections agencies to reach unresponsive account holders. Traditional skip tracing tactics – the process of locating a debtor – often rely on out-of-date customer relationship management databases, causing collections...

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Krungsri records a net profit of 13.5 billion baht in 1H/20, underscoring loan growth of 2.0%
Jul23

Krungsri records a net profit of 13.5 billion baht in 1H/20, underscoring loan growth of 2.0%

Krungsri (Bank of Ayudhya PCL and its business units) reported the financial performance for the first half of 2020 with a net profit of 13.5 billion baht, representing a 31.4% decrease from 1H/19. The acute contraction was attributed to the extraordinary one-time gains on investment from the sale of 50% of shares in Ngern Tid Lor Company Limited (NTL) recorded in 1H/19. Excluding the one-off items in 1H/19, the net profit for 1H/20...

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US financial services giant leverages eGain Virtual Assistant to automate customer engagement across service and sales
Jul23

US financial services giant leverages eGain Virtual Assistant to automate customer engagement across service and sales

eGain, the leading provider of customer engagement solutions, announced that a financial services client is leveraging its top-rated digital engagement solution to deliver next-gen customer (CX) and agent experiences (AX). Unable to stitch together a set of point products to provide omnichannel digital customer service, the client selected eGain based on its connected and rich solution capabilities, domain expertise, and a successful...

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Nationwide launches Commercial Insight Center with timely resources for Middle Market Agents
Jul23

Nationwide launches Commercial Insight Center with timely resources for Middle Market Agents

Today’s middle market insurance agents must be more than just experts in insurance needs. They also need specialised knowledge of their customers’ unique industries, and familiarity with emerging trends to help them stay responsive and ready for anything. But the amount of information needed is a lot for any one person to retain. To support agents with timely information that’s easy to find, access and use, Nationwide has launched the...

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Duco’s growth accelerates during coronavirus-induced recession as operational risk and cost focus returns
Jul23

Duco’s growth accelerates during coronavirus-induced recession as operational risk and cost focus returns

Duco, the global provider of self-service data integrity and reconciliation services, announced it had seen a rapid increase in new business since the coronavirus-induced lockdowns in March this year.  In the quarter from April to June, the company agreed new enterprise wide-deployments worth a combined £6m with asset managers, banks and insurance companies. The increase is triggered by financial institutions needing to improve...

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Affirm Partners with Shopify to Exclusively Power Shop Pay Installments in the U.S.
Jul23

Affirm Partners with Shopify to Exclusively Power Shop Pay Installments in the U.S.

Affirm, a more transparent, flexible alternative to credit cards, announced it will exclusively power Shopify’s Shop Pay Installments in the United States. Starting later this year, Affirm’s buy now, pay later financing solution will be made available to eligible Shopify merchants in the U.S. who want to offer this flexible payment option to their customers. At checkout, approved Shop Pay customers will be able to split their total...

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Ensuring the Safety of AXA Customers with Comarch LifeWristbands
Jul23

Ensuring the Safety of AXA Customers with Comarch LifeWristbands

AXA and Comarch Healthcare have joined forces to make monitoring bracelets available for anyone who may need constant care. The solution is supported by an experienced team of paramedics from Comarch Healthcare Telecare Center. The LifeWristband and access to care services will be available as part of the “Pulse of Life with monitoring wristband” life insurance policy, which is offered by AXA. – We created this insurance because...

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Konsentus partners with open banking API provider Ozone
Jul23

Konsentus partners with open banking API provider Ozone

Konsentus announced that it has partnered with open banking API provider Ozone to deliver an end to end solution accelerating PSD2 open banking adoption.  Open banking enables customers to have better control of and access to their transactional account data by giving regulated Third-Party Providers (TPPs) the ability to initiate payments and access customer account data.  Konsentus Verify is the only SaaS based API solution in the...

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Nucleus Software adds AI chatbot to FinnOne Neo Digital Channel solutions powering contactless lending in the post COVID-19 world
Jul23

Nucleus Software adds AI chatbot to FinnOne Neo Digital Channel solutions powering contactless lending in the post COVID-19 world

Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announced the addition of a range of powerful new solutions to its market leading FinnOne Neo digital lending platform. The new channel solutions will help retail lenders offer contactless digital lending across the full loan lifecycle. FinnOne Neo myLoan, an AI powered conversational chatbot, is designed to...

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National Bank of Pakistan modernizes Pool Management with Codebase Technologies
Jul23

National Bank of Pakistan modernizes Pool Management with Codebase Technologies

NBP holds roughly $17.2 billion in assets, and this upgrade will allow the bank to develop better deposit products and have greater insights into their customer portfolio. The latest version of Digibanc™ PoolSmart brings a modern technology stack coupled with highly customisation data driven models. It is a comprehensive profit distribution and management solution that allows institutions to manage multi-currency and segment pools...

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Mode introduces next-gen bank transfers powered by ‘Open Banking’ technology
Jul22

Mode introduces next-gen bank transfers powered by ‘Open Banking’ technology

Mode, the new breed digital banking app, has extended its partnership with payments provider Modulr to launch its first feature powered by ‘Open Banking’, as part of a long term commitment to deliver a truly digital banking app. The feature allows users to connect their external bank accounts to the Mode app, enabling them to make quick and easy top ups within the app. At its core, ‘Open Banking’ is a secure technology that enables...

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Marsden Building Society names Uinsure as sole Home Insurance supplier
Jul22

Marsden Building Society names Uinsure as sole Home Insurance supplier

Marsden Building Society has named Uinsure as their sole Home Insurance supplier as the provider continues its growth in the Building Society mutual sector. Uinsure offers a panel of leading UK insurers so Marsden’s customers will be offered a choice when taking out a Home Insurance policy. The Lancashire-based society joins the likes of Darlington, Furness, Tipton, The Melton, and Mansfield Building Society to offer Home Insurance...

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Lloyds banking group enters strategic partnership with fintech Form3
Jul22

Lloyds banking group enters strategic partnership with fintech Form3

Lloyds Banking Group (Lloyds) has today announced a strategic partnership with Form3, a cloud-native payments technology fintech, to accelerate its transformation and enhance the digital experience for customers. Founded in 2016, Form3 is a leading payment technology fintech that focuses on simplifying payments architecture capabilities, in a faster and more efficient manner, while providing support for the industry New Payments...

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Insurtech pioneer honcho launches partnership with major benefits provider, personal group
Jul22

Insurtech pioneer honcho launches partnership with major benefits provider, personal group

honcho – the UK’s first reverse-auction marketplace for financial services – has today launched a partnership with leading employee benefits provider Personal Group, to provide over 475,000 workers across the UK access to honcho’s revolutionary new insurance service.  Personal Group was founded 35 years ago and has grown to become one of the UK’s foremost providers of employee benefits services. Over 600 organisations...

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ACI Worldwide and Three UK Partner to Combat eCommerce Payments Fraud
Jul22

ACI Worldwide and Three UK Partner to Combat eCommerce Payments Fraud

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced it is extending its partnership with Three UK to combat eCommerce fraud, which has increased during the Covid-19 pandemic. The telco leader will enhance its online fraud management and prevention efforts by leveraging ACI’s award-winning fraud management offering ReD Shield, part of ACI’s UP Payments Risk...

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iBanFirst accelerates its product innovation with the opening of a R&D centre in Tunisia
Jul22

iBanFirst accelerates its product innovation with the opening of a R&D centre in Tunisia

iBanFirst, a global financial services provider, has chosen Tunisia as the home of its new research and development centre to accelerate its product innovation. The new facility is iBanFirst’s third R&D centre globally, with the other two in Paris and Dijon. The office opening is accompanied by a recruitment plan in France and Tunisia of 45 additional hires in 2020. Tunisia has been chosen as part of iBanFirst’s product strategy,...

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Allianz research reveals majority of motor fleet managers believe they have been the victim of fraud
Jul22

Allianz research reveals majority of motor fleet managers believe they have been the victim of fraud

Fraud is a major issue for the motor industry, with figures from the Association of British Insurers finding that 55,000 fraudulent claims were detected in 2018, worth £629 million. The severity of the issue is clearly recognised by many organisations, as the independent survey of 100 motor fleet managers also found that almost two thirds (59%) of respondents have taken measures to prevent fraud. Tony Newman, Head of Motor Claims,...

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The future of British banks
Jul22

The future of British banks

New research by fintech company Deposit Solutions suggests that the country’s largest retail banking brands’ ascendency in the savings account market could be under threat. According to Deposit Solutions’ analysis, a fifth (20%) of British consumers are considering switching savings account provider in the next 12 months. The findings have been published today in Deposit Solutions’ latest report – ‘The Future of Big British Banks: The...

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Mastercard Leads the Payments Industry Forward to a More Sustainable Future
Jul22

Mastercard Leads the Payments Industry Forward to a More Sustainable Future

More than three quarters of people say they are “very concerned”[1] about the environment and feel companies should be doing more to address their impact on the planet[2]. As consumers look for ways to help tackle climate change through their own positive actions, many are limiting their use of single-use plastics. To address this growing concern, Mastercard has worked with global industry players to develop a sustainable card program...

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MYPINPAD expands global presence through partnership with Mswipe and Visa
Jul22

MYPINPAD expands global presence through partnership with Mswipe and Visa

MYPINPAD, the global leader in secure personal authentication solutions announces new strategic partnerships with Mswipe, India’s largest independent mobile POS merchant acquirer and network provider, and the world’s leader in digital payments, Visa, to propel contactless payments in India. The announcement follows MYPINPAD becoming the first, and currently only company in the world to achieve Payment Card Industry (PCI)...

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TD Bank Group Comments on Expected Impact of TD Ameritrade Holding Corp.’s Third Quarter Earnings
Jul22

TD Bank Group Comments on Expected Impact of TD Ameritrade Holding Corp.’s Third Quarter Earnings

TD Bank Group (the “Bank”) announced that it expects TD Ameritrade’s third quarter earnings to translate into approximately CDN $328 million reported equity in net income of an investment in TD Ameritrade for fiscal 2020 third quarter, which will be reported under International Financial Reporting Standards. TD Bank Group will release its third quarter financial results and host an earnings conference call on August...

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Flywire Helps Education Agents and Institutions Streamline International Tuition Payments
Jul22

Flywire Helps Education Agents and Institutions Streamline International Tuition Payments

Flywire, a high-growth vertical payments company, today announced new enhancements to its digital payment platform to better serve education recruitment agents and institutions worldwide. As part of its comprehensive receivables solution, the platform enhancements will help agents better manage student information and streamline payment tracking while also enabling education institutions to optimize agent relationships and minimize...

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RBS staff working from home until 2021 – comment and research from OpenText
Jul22

RBS staff working from home until 2021 – comment and research from OpenText

It is increasingly clear that the entire banking ecosystem and the way consumers interact with financial organizations have been shaken to the core as a result of COVID-19. We will look back on this period as a tipping point between the period before COVID-19 and the ‘new normal’ that emerges in the post-coronavirus era. In much of the pre-COVID-19 research conducted by the Digital Banking Report around digital transformation,...

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Nearly half of employees admit to making mistakes that have had cybersecurity repercussions
Jul22

Nearly half of employees admit to making mistakes that have had cybersecurity repercussions

43 per cent of employees have made mistakes resulting in cybersecurity repercussions for themselves or their company, according to a new global report from email security firm, Tessian. The Psychology of Human Error report surveyed 1,000 workers in the UK and 1,000 workers in the US at the height of the coronavirus outbreak in April, to reveal how stress, distraction and workplace disruption can cause people to make more mistakes at...

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CABEL chooses TAS Group to transform its payment management infrastructure into a Payment Hub
Jul22

CABEL chooses TAS Group to transform its payment management infrastructure into a Payment Hub

To enable its banks to follow a real “digital transformation” path, allowing them to react quickly to ever new market demands emerging from PSD2, Open Banking and Eurosystem infrastructure developments, CABEL has decided to rethink the technological architecture of its Payment Systems, choosing the TAS Payments Hub solution which is based on the Network Gateway 3.0 platform. The dynamism of the Digital Payments market and the...

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Zurich gets set to break ground on new Swindon offices
Jul22

Zurich gets set to break ground on new Swindon offices

Leading insurer Zurich has signed contracts with Skanska for work to begin on constructing its new ‘state of the art’ Swindon offices in August 2020.  The new-build will be the anchor project in the Swindon Kimmerfields development. Reflecting Zurich’s focus on sustainability, the new build is looking to achieve a BREEAM[1] rating of ‘Excellent’ on completion as well as minimising waste during construction and through the building’s...

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Exclusive: ‘Stand-up, fall-down comedy’ – Ali Paterson, Fintech Finance in “The Fintech Magazine”
Jul22

Exclusive: ‘Stand-up, fall-down comedy’ – Ali Paterson, Fintech Finance in “The Fintech Magazine”

Ali Paterson has spent his pandemic binge watching HBO’s hit hi-tech show Silicon Valley. Here’s what it taught him… Like many people during lockdown, I’ve been spending far too much time on Netflix. Specifically, anything related to COVID-19 explained, documentaries on disease control and the next big pandemic, with some incredible interviews with people who have made it their life’s work to study what we are now facing.  One common...

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Wells Fargo Names Mike Santomassimo as New Chief Financial Officer
Jul22

Wells Fargo Names Mike Santomassimo as New Chief Financial Officer

Wells Fargo & Company announced today that Mike Santomassimo will join the company in fall 2020 as Chief Financial Officer. Santomassimo will report to CEO Charlie Scharf and serve on the company’s Operating Committee. He will succeed John Shrewsberry, who has announced plans to retire following a successful 22-year career with Wells Fargo, including the last six years as the company’s CFO. Shrewsberry will continue in his role as...

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