DataGuard raises $20m in Series A to provide GDPR-as-a-Service
Mar27

DataGuard raises $20m in Series A to provide GDPR-as-a-Service

The Munich firm Dataguard, which offers what it calls General Data Protection Regulation (GDPR)-as-a-Service, helps companies ensure they are compliant with the regional regulations in the European Union and beyond. It claims that its platform can offer suggestions and improvements to a company’s existing IT infrastructure to make them more compliant. DataGuard plans to use the capital to expand its business across Europe and the...

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New coronavirus fintech taskforce offers their support to SMEs
Mar27

New coronavirus fintech taskforce offers their support to SMEs

Trade Ledger, a digital lending platform; Wiserfunding, a digital SME credit scoring platform; Nimbla, a trade credit insurance provider, and NorthRow a remote client onboarding platform have established a new fintech taskforce to provide a turn-key origination and underwriting platform that allows banks, alternative lenders and private debt lenders to virtually and digitally deploy funds to businesses during the Covid-19 outbreak....

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Raman Bhatia, former HSBC on how they look to collaborate
Mar27

Raman Bhatia, former HSBC on how they look to collaborate

Raman Bhatia, former HSBC on how they look to collaborate

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ZTE FY2019 Operating Revenue Hits RMB90 Billion
Mar27

ZTE FY2019 Operating Revenue Hits RMB90 Billion

ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, has today reported its 2019 annual results. According to the announcement, for the twelve months ended 31 December 2019, ZTE reported operating revenue of RMB90.74 billion, representing a year-on-year increase of 6.1%, of which operating revenue from operators’ networks reached...

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Paynetics closes a EUR 2.5 million funding round
Mar27

Paynetics closes a EUR 2.5 million funding round

The Bulgarian fintech company Paynetics has successfully raised funding to expand its European business. Based on its solid infrastructure in acquiring, issuing, e- wallet and account management Paynetics offers a full stack end-to-end payment solutions. Driven by innovation, it has also developed and launched a number of value-added services, seamlessly integrated into the e-wallet, such as a sophisticated loyalty program and...

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Jenson Funding Partners SEIS Fund Invest in Zeus Limited
Mar27

Jenson Funding Partners SEIS Fund Invest in Zeus Limited

Jenson Funding Partners are delighted to advise they have completed an investment in ZEUS a property valuation app which allows property owners to obtain fast & accurate valuations and also provides estate agents with quality leads. It works for both sales and rentals. A truly unique platform. Users enter their property details and add photos via the app. Subscribed local and online agents then receive the property information and...

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Exclusive: ‘The Insuretech Effect’ – Zac Cohen, Trulioo
Mar27

Exclusive: ‘The Insuretech Effect’ – Zac Cohen, Trulioo

Zac Cohen, COO of identity verification provider Trulioo, looks at what digitisation means for insurance The term digitisation isn’t just a synonym for digital transformation; it has a very specific meaning. Digitisation describes any process or action that, having previously been undertaken without the help of computers, has now been taken over by technology. Essentially, any analogue process that is now done by computers has been...

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Natwest to ensure all customers pay less for their overdraft for the next 3 months
Mar27

Natwest to ensure all customers pay less for their overdraft for the next 3 months

The bank has also removed all other overdraft fees and charges, meaning that all customers who use their overdraft for the three months from Monday 30th March will pay less. NatWest has been working hard to make sure that they have the right support in place for any customers impacted by Coronavirus and has announced a range of measures to help customers who have been financially impacted. NatWest has created dedicated customer care...

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Axis Bank sets aside Rs. 100 crore Fund to help fight COVID-19
Mar27

Axis Bank sets aside Rs. 100 crore Fund to help fight COVID-19

In view of the evolving situation around the spread of Covid-19 in communities, Axis Bank has set aside Rs. 100 crore to support customers, employees, vendors, government agencies and the community at large towards curbing the spread of coronavirus. Axis Bank reaches out to over 2.6 crore customers in the country. With a view to support customers and the entire nation, Axis Bank has decided to waive off charges for Savings Account,...

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Profit will save the planet
Mar27

Profit will save the planet

London creative agency AML Group has created an uncompromising and provocative campaign for Robeco, Dutch-based global leader in sustainability investing. The print and digital campaign features four executions with bold headlines that confront the big issues around sustainability including globalisation, deforestation, plastic pollution and the internet as a surprising source of carbon emissions. Headlines like Profit Will Save The...

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ebankIT and Enterprise Engineering Forge North American Partnership
Mar27

ebankIT and Enterprise Engineering Forge North American Partnership

Finovate Best of Show winner ebankIT is working with fellow Finovate alum Enterprise Engineering (EEI) to launch a new omnichannel banking solution geared toward financial institutions in North America in general, and the U.S. in specific. The collaboration will combine Enterprise Engineering’s experience as an integrator and advisor on digital transformation and open banking with ebankIT’s omnichannel digital banking platform. “This...

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Professor Silvana Tenreyro reappointed to the Monetary Policy Committee
Mar27

Professor Silvana Tenreyro reappointed to the Monetary Policy Committee

Andrew Bailey, Governor of the Bank of England, said: “I am delighted that Silvana Tenreyro has agreed to serve another three years on the Monetary Policy Committee. Silvana’s insights and contribution to the Committee will be hugely valuable as we navigate the current economic challenges and help to promote the good of the people of the United Kingdom. I very much look forward to continuing to work with her.” As an external member of...

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Could extending tax efficient investment schemes catalyse SME growth during COVID crisis?
Mar27

Could extending tax efficient investment schemes catalyse SME growth during COVID crisis?

The past two weeks have seen unprecedented announcements and policies from the Chancellor, designed to support the UK’s businesses and workers during the coronavirus lockdown. The £330 billion raft of incentives and loans revealed last week made debt funding available at a record scale – especially for the UK’s SMEs. So far, however, equity funding routes have been largely forgotten about – despite the fact that they...

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Exclusive: Q&A with AXA’s David Williams
Mar27

Exclusive: Q&A with AXA’s David Williams

The insurance industry has been slow to see things through a customer lens, but now it needs to quicken the pace, says David Williams, AXA’s MD of Underwriting and Technical Services. And with the help of Axa’s insurtech partners, it is… The Insurtech Magazine: How has the customers’ experience of dealing with insurance companies changed, compared to the relationship they now enjoy with the banks? David Williams: The industry was very...

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IDnow is certified for operation of identification solutions via remote working
Mar27

IDnow is certified for operation of identification solutions via remote working

IDnow, a leading provider of Identity Verification-as-a-Service solutions with over 250 customers in Europe, has received official certification from TÜV IT for the operation of identification solutions via teleworking. This marks an important milestone for the industry to be able to operate and expand the necessary customer identification for banking and business processes even under exceptional circumstances. The independent testing...

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RBS and The Scotsman newspaper call for businesses to donate food and hygiene products to support poverty charities during coronavirus crisis
Mar27

RBS and The Scotsman newspaper call for businesses to donate food and hygiene products to support poverty charities during coronavirus crisis

Royal Bank of Scotland has turned its Edinburgh head office’s Conference Centre into a distribution centre to supply food and hygiene products to the Trussell Trust food banks and Social Bite charity. Royal Bank of Scotland and The Scotsman newspaper have issued a call for businesses to donate any non-perishable food and hygiene products they can spare to the bank’s new food distribution centre in Edinburgh to help keep two food...

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Coronavirus pandemic will drive responsible (ESG) investing ‘skywards’
Mar27

Coronavirus pandemic will drive responsible (ESG) investing ‘skywards’

The coronavirus pandemic and its economic fallout will trigger a ‘skyward surge’ in sustainable, responsible and impactful investing over the next 12 months, affirms the CEO of one of the world’s largest independent financial advisory organizations. The prediction from the boss of deVere Group, which has more than $12bn under advisement, comes as Bloomberg analysis reveals that the average Environmental, Social and Governance (ESG)...

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HSBC announces USD25 million COVID-19 donation fund
Mar27

HSBC announces USD25 million COVID-19 donation fund

HSBC has committed $25m in charitable donations to help affected people recover from the deadly coronavirus (Covid-19) outbreak. The latest donation is in response to medical services in several countries being under huge pressure due to the Covid-19 crisis. Through this aid, the bank intends to support the international medical response, protect vulnerable people and ensure food security globally. Of this figure, $15m will be made...

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Market-leading credit control app Chaser launch Cashflow Recovery Initiative for UK SMEs during Covid-19
Mar27

Market-leading credit control app Chaser launch Cashflow Recovery Initiative for UK SMEs during Covid-19

UK SMEs face huge challenges getting their invoices paid on time, with over £225 billion in overdue invoices owed to them at any one time. Those challenges are now dramatically exacerbated by Covid-19. Chaser’s Cashflow Recovery Initiative will put businesses in the best cash flow position possible in this uncertain time by providing SMEs with access to an expert team to help them get their invoices paid, completely FREE of charge....

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Stephen Walsh, Sensedia on how to leverage data
Mar27

Stephen Walsh, Sensedia on how to leverage data

Stephen Walsh, Sensedia on how to leverage data

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Sinch acquires Wavy to accelerate innovation and drive growth in Latin America
Mar27

Sinch acquires Wavy to accelerate innovation and drive growth in Latin America

Sinch AB, a global leader in cloud communications for mobile customer engagement, has entered into a definitive agreement to acquire Wavy, through the two legal entities Movile Internet Móvel S.A. and Wavy Global Holdings BV, for a total cash consideration of BRL 355 million and 1,534,582 new shares in Sinch. Using yesterday’s Sinch closing share price of SEK 311 and SEK/BRL exchange rate of 2.00, this corresponds to an enterprise...

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Aqilla Awarded a Place on NHS London Procurement Partnership Framework
Mar27

Aqilla Awarded a Place on NHS London Procurement Partnership Framework

Aqilla, the cloud-based intelligent accounting and reporting application, has today announced that it has been awarded a place on the NHS London Procurement Partnership (NHS LPP) framework for the provision of Information Management and Technology (IM&T) services. The NHS LPP works in collaboration with NHS organisations and social enterprises to make the most of the commercial size of the NHS and deliver savings and improvements...

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Wollit to bring forward launch to help gig workers hit by COVID-19
Mar27

Wollit to bring forward launch to help gig workers hit by COVID-19

New fintech Wollit announces it is bringing forward the launch of its income smoothing product to help those hit hardest by the COVID-19 pandemic protect themselves from future income shocks. Wollit will allow customers with irregular incomes, such as gig workers and those on zero-hour contracts, to benefit from its Income Promise – giving them access to a stable income each month even if their hours or earnings fluctuate....

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Moven shuts all consumer accounts, pivots to B2B-only service for banks
Mar27

Moven shuts all consumer accounts, pivots to B2B-only service for banks

Moven, a US-based fintech, has decided to close all its customers’ money management accounts from 30 April 2020 and focus solely on its enterprise business which outsources the firm’s technology to banks. The decision to axe operations of its neobank in the US comes as the firm, founded in 2011, reveals its “plans to spin-off Moven’s consumer-facing business hit a significant snag with major multi-year funding withdrawn as a result of...

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SumUp launches free Mobile Payments and Invoicing across Europe to help consumers pay safely and remotely via smartphone
Mar27

SumUp launches free Mobile Payments and Invoicing across Europe to help consumers pay safely and remotely via smartphone

London-headquartered fintech SumUp is waiving the fees on its Mobile Payments feature, enabling merchants to process payments remotely via smartphone, simply by sharing a link via email, WhatsApp, SMS or any other messaging platform. In a move to support SumUp merchants, all commission rates on mobile payments have been scrapped until 30th April, to help small businesses through this challenging time. SumUp also announces the launch...

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FF Virtual Arena: Acquisitions with Accuity & Apply Financial
Mar27

FF Virtual Arena: Acquisitions with Accuity & Apply Financial

Welcome to the first FF Virtual Arena! Earlier this week, we caught up with Mark Bradbury from Apply Financial and David White from Accuity to chat about the acquisition, what this means from a product perspective at Accuity, and the industry as a whole. Check the link below for when we go live!...

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Entrepreneur First unveils latest class of European deep tech startups
Mar27

Entrepreneur First unveils latest class of European deep tech startups

Entrepreneur First (EF), the leading global talent investor, today announces its latest cohort of deep tech companies to investors and the public in a virtual alternative to the company’s flagship European Demo Day event. The online showcase, which comes amidst the ongoing social distancing measures announced in response to the global Covid-19 pandemic, highlights the talent and teams formed across EF’s three European locations –...

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Tink acquires Spanish account aggregation provider, Eurobits Technologies
Mar27

Tink acquires Spanish account aggregation provider, Eurobits Technologies

Open banking platform Tink continues its expansion across Europe with the acquisition of Eurobits Technologies (Eurobits)— a leading provider of account aggregation services, powering over 50 banks and fintechs such as BBVA, Santander, Sabadell and Fintonic. The acquisition will strengthen Tink’s bank connectivity coverage and its market position in Southern Europe. After the acquisition, Tink’s open banking platform will cover 17...

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Comment: Crypto markets recover after Fed and Senate bazooka
Mar26

Comment: Crypto markets recover after Fed and Senate bazooka

Christel Quek – Chief Commercial Officer, Co-Founder, BOLT.Global: “Cryptocurrency markets have begun to show signs of recovery following stark declines earlier in the month. Crypto markets seemingly received tailwind the past two days with massive stimulus being injected from the US. The Federal Reserve on Monday rolled out an extraordinary array of programs to support the US economy, while the US Senate on Tuesday came...

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PM’s self-employed support package: Expert commentary
Mar26

PM’s self-employed support package: Expert commentary

In light of the government’s announcement of a support package to the UK’s self-employed, please see below commentary from a leading personal finance expert, discussing its impact on individual’s personal finances. John Ellmore, Director of KnowYourMoney.co.uk said “Yet another bold move by the Chancellor. Regardless of political leaning, the government’s determination to “do whatever it takes” to get the UK through...

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Capitalise.com launches CBILS application platform and free information hub to help give businesses confidence in times of uncertainty
Mar26

Capitalise.com launches CBILS application platform and free information hub to help give businesses confidence in times of uncertainty

Today, adviser-led funding platform, Capitalise.com is announcing that it has launched a single point of access Coronavirus Business Interruption Loan Scheme (CBILS) application platform to make it easier for small businesses to apply for government-backed loans. Both businesses and their accountants will be able to compare, apply and access funds from the approved lenders on the government scheme to help reduce the financial...

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Leading UK FinTech VoxSmart receives £5.5m funding from NatWest to accelerate growth
Mar26

Leading UK FinTech VoxSmart receives £5.5m funding from NatWest to accelerate growth

VoxSmart, the global leader in communications surveillance technology for Financial Markets, today announces a strategic funding round of £5.5m ($7.2m) from NatWest.  VoxSmart has a proven track record of developing innovative compliance and surveillance technology for financial markets and this funding will help the company reach new markets and accelerate the innovation of new products. As the first vendor globally to offer a...

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Aire opens up insight service to help lenders keep pace with financial uncertainty
Mar26

Aire opens up insight service to help lenders keep pace with financial uncertainty

Aire, the credit insight service, today announced that it is offering free access to its range of real-time credit information services for a period of three months, to help lenders identify and engage with struggling consumers during the unfolding Coronavirus crisis. With much of the country’s workforce impacted by the government’s latest measures to curb the virus, Aire estimates that the number of people in the UK missing one or...

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Bis Das, Equifax on the value of transactional data
Mar26

Bis Das, Equifax on the value of transactional data

  Bis Das, Equifax on the value of transactional data

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Optimum Finance announces industry-first technology for brokers and accountants to provide SMEs with much needed cash flow sources in response to the coronavirus crisis
Mar26

Optimum Finance announces industry-first technology for brokers and accountants to provide SMEs with much needed cash flow sources in response to the coronavirus crisis

Invoice finance fintech firm Optimum Finance has responded to the economic uncertainty faced by millions of UK SMEs by unveiling an industry-first technology platform designed to speed up and automate the process of referrals by commercial funding brokers and accountants looking to access commercial funding for their clients through invoice finance. The Optimum Finance team has developed a proprietary suite of services offering remote...

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Fintech Finance Presents: The Paytech Show 3.03 – Open Banking, Use Cases, Mass Cases
Mar26

Fintech Finance Presents: The Paytech Show 3.03 – Open Banking, Use Cases, Mass Cases

In this episode of The Paytech Show, Doug Mackenzie heads to the land of Open Banking, the Nordics, where even the most traditional banks are taking to innovation far quicker than anywhere else. Sparebanken Vest’s Kjetil Sørtun tells us about how their bank has rolled out an entirely digital offering. Open Banking specialists, Georg Olav Ramstad and Paul Francis Walvik-Joynt over at Nets tell Doug how payments are at the heart...

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Enterprise Strategy Group Report Highlights Encryption as Best Method for Compliance with Privacy Regulations such as CCPA and GDPR
Mar26

Enterprise Strategy Group Report Highlights Encryption as Best Method for Compliance with Privacy Regulations such as CCPA and GDPR

Enterprise Strategy Group (ESG) – an IT analyst, research, validation and strategy firm – and Fortanix® Inc., the Runtime Encryption® company, today announced results of the ESG industry report focused on compliance guidelines for the California Consumer Privacy Act (CCPA), the California law protecting consumers from mismanagement of their personal data by companies doing business in California that went into effect Jan. 1. The...

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FreeAgent makes admin easier with new Radar feature
Mar26

FreeAgent makes admin easier with new Radar feature

Cloud accounting software provider FreeAgent has launched a revolutionary new feature designed to dramatically boost small business productivity in the UK. Radar, which is free to all FreeAgent users, is the latest addition to the company’s award-winning suite of small business financial admin features. Designed as a central hub for day-to-day financial management, Radar collates a unique, personalised list of the most important...

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Tandem Bank CDTO joins Data IQ 100
Mar26

Tandem Bank CDTO joins Data IQ 100

Noam Zeigerson, Tandem Bank’s Chief Data & Technology Officer, has been listed in the Data IQ 100 list, comprising the UK’s most innovative industry leaders who drive business success through the intelligent use of data. The Data IQ list is the only fully-curated power list of data and analytics practitioners in the UK, with nominations from across both public and private sectors. Selected from a shortlist of 530 candidates, these...

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KNOW Identity Digital Forum 2020
Mar26

KNOW Identity Digital Forum 2020

Upcoming Digital Forum: Join @1WorldIdentity on April 7th from 12-3 PM EDT for a series of panel discussions on how #digitalidentity lies at the heart of meeting & overcoming the challenges of a socially-distanced workforce & customer base. RSVP NOW: KNOW Digital...

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Coronavirus outbreak spells the end for ‘outdated’ paper-based ID checks – SmartSearch
Mar26

Coronavirus outbreak spells the end for ‘outdated’ paper-based ID checks – SmartSearch

The spread of the coronavirus means firms relying on paper-based ID checks need to switch to electronic processes now to avoid a freeze on their business, according to anti-money-laundering experts SmartSearch. New restrictions on movement and the fear of contamination of documents have triggered a rush to adopt electronic verification (EV) as firms wake up to the effect of the virus. Relying on documents makes it impossible to comply...

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MAS Supports USD Lending through a New US$60 Billion Facility for Banks
Mar26

MAS Supports USD Lending through a New US$60 Billion Facility for Banks

The Monetary Authority of Singapore (MAS) announced that it will provide up to US$60 billion of funding to banks in Singapore through a new MAS USD Facility. The MAS USD Facility will support more stable USD funding conditions in Singapore, and facilitate USD lending to businesses in Singapore and the region.  It will also contribute to global efforts by central banks to maintain stability and normal functioning of financial markets....

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Revolut partners with The Trussell Trust foodbank
Mar26

Revolut partners with The Trussell Trust foodbank

Revolut has today announced that it is partnering with The Trussell Trust foodbank network to support emergency food needs around the UK. Revolut customers in the UK will be able to donate via the in-app Donations feature to help those most in need. As the coronavirus pandemic continues to wreak havoc on the economy and loss of income becomes more prevalent, the strain on food banks has continued to rise steeply. All donations to The...

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Data Management Summit Europe, Virtual Event
Mar26

Data Management Summit Europe, Virtual Event

We’re thrilled to introduce you to our new Data Management Summit Europe Virtual event. Yes that’s right, all the fantastic content shared by A-Team’s unique community of practitioner experts that you’ve come to know and love from our Data Management Summit live events in London is now going to be made available to you online, so you can watch or listen at your leisure – whether that’s in your office, on your commute, or from the...

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Trezeo launches new products to expand its safety net for independent workers
Mar26

Trezeo launches new products to expand its safety net for independent workers

Trezeo today announced a major extension to its existing offering, that enables independent workers to access a wider range of urgently needed product ‘bundles’. Trezeo’s financial security platform for independent workers already includes a business account, income balancing, personal accident insurance and a control centre to understand and manage financial needs. The population of independent workers is growing fast, but it remains...

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Temenos Recognized as a Leader in the Forrester Wave™ for Digital Banking Engagement Platforms
Mar26

Temenos Recognized as a Leader in the Forrester Wave™ for Digital Banking Engagement Platforms

The Forrester Wave™ Digital Banking Engagement Platforms, Q3 2019 Temenos was named a leader among Digital Banking Engagement platforms according to The Forrester Wave™: Digital Banking Engagement Platforms, Q3 2019. Temenos was cited for its “convincingly” broad off-the-shelf capabilities for supporting channel-specific retail, business and corporate banking. Forrester notes: “Temenos convinces with rich banking capabilities...

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11:FS expands Research team with Benjamin Ensor joining as Director
Mar26

11:FS expands Research team with Benjamin Ensor joining as Director

11:FS, the challenger firm defining and building truly digital financial services, today announced that it is continuing its expansion, hiring former Forrester VP Benjamin Ensor as Director of Research. Benjamin is a highly experienced researcher and analyst, with more than 20 years of experience advising leading financial services firms around the world about changing customer behaviour, changing market dynamics and the impact of...

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Tim Fouracre, Countingup on how they fit into the fintech ecosystem
Mar26

Tim Fouracre, Countingup on how they fit into the fintech ecosystem

  Tim Fouracre, Countingup on how they fit into the fintech ecosystem    

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Tim Fouracre, Countingup on their partnership with Hooyu
Mar26

Tim Fouracre, Countingup on their partnership with Hooyu

Tim Fouracre, Countingup on their partnership with Hooyu    

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The most proven ways to protect Crypto money from hackers
Mar26

The most proven ways to protect Crypto money from hackers

Since 2009, the world has been slowly boosting the value of newly invented cryptocurrency as the new global banking system. But only in 2017, electronic money managed to cause real fuss among financial analytics, businesses, and regular PC users. Crypto farms popped up here and there, the luckiest people found their e-wallets full of Bitcoins that were waiting for them since 2009. In all this craze and hysteria people struggled to...

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