Global Banking Innovator ING Joins Global Digital Finance
Jul10

Global Banking Innovator ING Joins Global Digital Finance

Global Digital Finance (GDF), a leading industry association advocating and accelerating the adoption of digital assets, has today announced that global banking giant and blockchain/DLT innovation leader ING has assumed a seat on the GDF Advisory Council and become Co-chair of its Custody Working Group. “In GDF we have found a body that accelerates the adoption of digital assets via the development of conduct standards, digital...

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Experian partners with Global Data Consortium to bolster international customer identity verification
Jul10

Experian partners with Global Data Consortium to bolster international customer identity verification

Experian and identity verification provider Global Data Consortium (GDC) have today announced a new partnership which will transform customer onboarding journeys for both international and new-to-country customers. The agreement enables Experian clients to onboard customers rapidly, as well as strengthening anti-fraud measures and meeting Know Your Customer (KYC) and Anti Money Laundering (AML) compliance requirements. By harnessing...

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The Fintech Fix: Doug finally gets to talk about Video Games
Jul10

The Fintech Fix: Doug finally gets to talk about Video Games

In this week of The Fintech Fix, the world of video games crosses borders and lands into the hot waters of the paytech realm. Also even though Starlings are small, Starling Bank just keeps getting bigger, by how much? Find out here on The Fintech Fix. ​...

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free2 launches first of its kind loan product specially for the over 55s market
Jul10

free2 launches first of its kind loan product specially for the over 55s market

free2, a new financial services brand for the over 55s market, today launches its first product, an unsecured loan which will allow customers to access a new source of funds by using their spare affordable pension income. This new product addresses the market need for a range of different options to raise capital in retirement, without having to put their house at risk, spend savings or drawdown taxable sums from flexible pension pots...

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Railsbank continues global growth launching in US with the first ever Credit Card-as-a-Service
Jul10

Railsbank continues global growth launching in US with the first ever Credit Card-as-a-Service

Railsbank, the leading global open banking platform, has launched operations in the US, won its first customer Unifimoney and appointed Dov Marmor as Chief Operating Officer (COO), North America. Railsbank will offer its complete platform, including Banking as a Service, Cards as a Service and the first-of-its-kind Credit Card as a Service (CCaaS) to fintech and “brand” customers in the US. The new product will encourage increased...

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Exclusive: ‘Spotting the difference’ – Brett Beranek, Nuance Technologies in “The Fintech Magazine”
Jul10

Exclusive: ‘Spotting the difference’ – Brett Beranek, Nuance Technologies in “The Fintech Magazine”

Imitation might be the sincerest form of flattery – but not when it comes to customer authentication. Brett Beranek, Vice President and General Manager for Security and Biometrics at Nuance Technologies, says there is only one way to stay ahead of the deepfake masters and that’s to employ the same technology as they do. We’ve seen Carrie Fisher come back from the dead as Princess Leia, and Donald Trump apparently give speeches that...

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Callsign Amplifies U.S. Presence with New Executive Advisor Ben Wallach
Jul10

Callsign Amplifies U.S. Presence with New Executive Advisor Ben Wallach

Digital identity leader Callsign announces the continued expansion of its U.S. leadership team with the addition of Ben Wallach as senior advisor. A leader in the cybersecurity and fraud space for more than two decades, Wallach will be joining Callsign to further push market growth, build out more strategic partnerships and to enable inroads into additional key sectors such as government, insurance and retail, alongside Callsign’s...

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ING appoints former Google Compare and Confused.com CEO, Nicolas Weng Kan as the CEO of Yolt
Jul10

ING appoints former Google Compare and Confused.com CEO, Nicolas Weng Kan as the CEO of Yolt

Nicolas Weng Kan, the former CEO of Google Compare and Confused.com, has today been announced as the CEO of Yolt. In this role, Nicolas will be responsible for managing both Yolt, the award-winning smart money app, with 1.5 million registered users and Yolt Technology Services (YTS), the leading open banking provider making over 22 million API calls a week. Nicolas brings extensive experience within the financial services and tech...

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Klarna unveils ‘KlarnaSense’ – A new initiative to encourage smarter shopping
Jul10

Klarna unveils ‘KlarnaSense’ – A new initiative to encourage smarter shopping

Klarna has today launched KlarnaSense, a new initiative to encourage consumers to shop smarter by purchasing the right things, at the right time. Our brains consume and process approximately 11 million pieces of information per second in order to make a decision – all of this subconsciously.  Those decisions are effortless and quick, but far from considered, and can lead to impulse buying. KlarnaSense uses retail psychology to promote...

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Standard Chartered-backed China Bohai Bank to raise US$1.78 billion in Hong Kong IPO
Jul10

Standard Chartered-backed China Bohai Bank to raise US$1.78 billion in Hong Kong IPO

China Bohai Bank, which counts Standard Chartered as one of its founding shareholders, priced its initial public offering late Thursday in a deal that would raise a total of HK$13.8 billion (US$1.78 billion). The IPO priced at HK$4.80 a share, according to a person familiar with the transaction. That was near the bottom of the indicative price range of HK$4.75 to HK$4.98 a share sought by the Tianjin-based lender earlier this month....

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Is Alibaba’s mega listing in Hong Kong the prelude to an exodus of Chinese technology stocks from US capital markets?
Jul10

Is Alibaba’s mega listing in Hong Kong the prelude to an exodus of Chinese technology stocks from US capital markets?

After Alibaba Group Holding’s US$12.9 billion offering in Hong Kong last month, investors are on the lookout for who will be the next Chinese technology giant to seek a similar windfall in the city. Some of China’s biggest new economy names, including Baidu, JD.com and Weibo, are among a small universe of companies who previously raised capital in the United States and could easily pursue their own secondary listing in Hong Kong...

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Mastercard partners with tonik, Philippines’ first digital-only neobank, to accelerate financial inclusion
Jul09

Mastercard partners with tonik, Philippines’ first digital-only neobank, to accelerate financial inclusion

Mastercard today announced a new partnership agreement with tonik, a two-year-old startup which recently received a bank license in the Philippines. Through this partnership, Mastercard will further enhance tonik’s market proposition by enabling the latter to issue a range of electronic payments products that taps into Mastercard’s global network and extensive business intelligence when tonik launches operationally later this year....

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Retail cash automation market booms as global installations surpass 700,000
Jul09

Retail cash automation market booms as global installations surpass 700,000

Market outside Japan grows by a third over two years RBR’s brand new Retail Cash Automation 2020 study reveals the number of units which count, validate and store banknotes in stores across the world grew by 15% between 2017 and 2019, to a total of 720,000 units. Excluding Japan, where the market for recycling devices at the point of sale (POS) has been wellestablished for some time, this growth soars to 33%. The international study,...

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Heidelpay to acquire Paysafe’s ‘Pay Later’ business
Jul09

Heidelpay to acquire Paysafe’s ‘Pay Later’ business

The heidelpay Group (“heidelpay”), one of Germany’s fastest growing tech companies for international payments, today announces that it has agreed to acquire Paysafe Pay Later, the deferred payments arm of the Paysafe Group (“Paysafe”), for an undisclosed sum. This latest investment from heidelpay is part of its ongoing strategy to grow its European presence and deferred payments offering for merchants. Paysafe Pay Later, which...

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Callsign Amplifies U.S. Presence with New Executive Advisor Ben Wallach
Jul09

Callsign Amplifies U.S. Presence with New Executive Advisor Ben Wallach

Digital identity leader Callsign announces the continued expansion of its U.S. leadership team with the addition of Ben Wallach as senior advisor. A leader in the cybersecurity and fraud space for more than two decades, Wallach will be joining Callsign to further push market growth, build out more strategic partnerships and to enable inroads into additional key sectors such as government, insurance and retail, alongside Callsign’s...

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Bankdata selects Konsentus as a supplier of PSD2 Open Banking TPP identity & regulatory checking solutions
Jul09

Bankdata selects Konsentus as a supplier of PSD2 Open Banking TPP identity & regulatory checking solutions

Konsentus announced today that IT Financial Services company, Bankdata, has selected Konsentus to provide Third Party Provider (TPP) regulatory & checking services to all their customers in Denmark. PSD2 is an EEA regulation enabling 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 customer account data....

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Mastercard approves G+D Mobile Security as Digital Activity Customer
Jul09

Mastercard approves G+D Mobile Security as Digital Activity Customer

G+D Mobile Security has been granted approval by Mastercard as a Digital Activity Customer. This enables G+D to contract third parties and on-board them to Mastercard’s digital services supported by Mastercard Digital Enablement Service (MDES). According to G+D’s legacy in innovating and securing payment ecosystems, this cooperation with Mastercard is another successful part of the long-term strategy in creating confidence and...

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Touch-free authentication for all: why we need a safer payment method in the ‘new normal’
Jul09

Touch-free authentication for all: why we need a safer payment method in the ‘new normal’

By David Orme, SVP, Sales & Marketing, IDEX Biometrics ASA Ever since March, when the World Health Organization encouraged people to not use cash, coronavirus has made touch-free shopping a necessity for all consumers. However, as economies across the world begin to reopen, we are seeing in-person shopping and payment via touch-pads return. So, with payments beginning to return to ‘normal’, the global payments industry must now...

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Stefan Moller, Klar – What are the biggest challenges facing the traditional banks
Jul09

Stefan Moller, Klar – What are the biggest challenges facing the traditional banks

We ask Stefan Moller of Klar what are the biggest challenges facing the traditional banks

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TISA rolls out new generation digital marketplace to connect financial institutions with over 3,600 FinTechs
Jul09

TISA rolls out new generation digital marketplace to connect financial institutions with over 3,600 FinTechs

The Investing and Savings Alliance (TISA), the cross-industry financial services body, today commences the industry-wide rollout of TISAtech, a digital marketplace that brings together financial institutions and FinTechs for greater collaboration and innovation across the Open Finance spectrum. TISAtech will provide a ‘clearing house’ for the financial services industry to help it more effectively address tech-driven transformation...

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Leading Vietnamese Bank Selects Temenos Infinity Wealth to Bring Pioneering Wealth Management Services to Investments Market
Jul09

Leading Vietnamese Bank Selects Temenos Infinity Wealth to Bring Pioneering Wealth Management Services to Investments Market

Temenos, the banking software company, today announced that Military Commercial Joint Stock Bank (MB) has selected Temenos Infinity Wealth to deliver digital wealth management services to Vietnamese private banking customers. MB will integrate Temenos Infinity Wealth, the leading omnichannel digital banking product, with Temenos Transact core banking product to gain a single, end-to-end wealth management solution. Temenos’...

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Regulatory Spotlight – EU
Jul09

Regulatory Spotlight – EU

The demands of building a comprehensive regulatory structure are multiplied when we consider the EU. There are advanced fintech nations among the European Union’s 27 member countries, those with strong foundations when it comes to cryptocurrency and blockchain. And there are also those countries lagging far behind the curve.  That makes regulating cryptoassets at a supra-national level extremely challenging to negotiate.  And it’s one...

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Automation, APIs and Open Banking during Covid and beyond
Jul09

Automation, APIs and Open Banking during Covid and beyond

Alex Reddish, CCO, Tribe Payments   Not all fintechs are created equal. There are, in fact, two main types of fintech businesses: those that have taken their business and digitised it, and those that have built their business digitally. It’s a subtle difference, and if everything had remained ‘normal’ the difference would have remained hidden for some time. COVID-19 has, however, served to bring the two into sharp contrast. While...

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Exclusive: ‘Next-level normal’ – Gulru Atak, Citi and Andreas Burner, SmartStream in “The Fintech Magazine”
Jul09

Exclusive: ‘Next-level normal’ – Gulru Atak, Citi and Andreas Burner, SmartStream in “The Fintech Magazine”

Citi’s Gulru Atak and SmartStream’s Andreas Burner discuss how COVID-19 is propelling use cases for artificial intelligence in financial services, and how the best approach lies in collaboration between human and machine. COVID-19 has triggered a ‘new normal’ in many aspects of our lives, and banking is no exception. Previously unseen patterns in data, which have torpedoed normal forecasting, together with widespread disruption to...

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Fractal and untied to save 50,000 businesses a year with SMART BCR  bid
Jul09

Fractal and untied to save 50,000 businesses a year with SMART BCR bid

Fractal, together with untied, has bid for the Banking Competition Remedies (BCR) Capability and Innovation fund, designed to improve the financial products and services available to small businesses.  Fractal, a smarter payments engine and insights platform for small-to-medium-sized-enterprises (SMEs) has partnered with untied, the UK’s personal tax app, to create SMART – SMEs Manage Accounts Receivables and Tax.  SMART...

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Fintech Finance Presents: The Paytech Show 3.05 – Open Banking
Jul09

Fintech Finance Presents: The Paytech Show 3.05 – Open Banking

We are thrilled to release our latest edition of The Paytech Show, we have a globe trotting episode where we find out about open banking with Meniga, Nordea, Krungsri and more. Ali Paterson and Douglas Mackenzie find out how banks across the world are actively looking to leverage the power, that openness can provide!...

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FTh Connection: matching Unicorn Founders and FinTech Hackers
Jul09

FTh Connection: matching Unicorn Founders and FinTech Hackers

July 6 – 26, 2020 FinTech Connection is the closed online meeting of the  founders of prospective early-stage companies  that need product development support. tech teams that have deep expertise in technologies for the financial sector.  For founders that is a great opportunity: * to find a great tech team for the product development and enter the market in time; * to decrease the cost of software development and the dependence...

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FF Virtual Arena: Swift GPI & Universal Confirmations
Jul09

FF Virtual Arena: Swift GPI & Universal Confirmations

Today on The Virtual Arena at 14:30 BST, join Bottomline Technologies, Société Générale and of course Fintech Finance’s General – Ali Paterson as they are going to be discussing the huge changes coming to...

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Ingenico helps digital businesses scale at pace
Jul09

Ingenico helps digital businesses scale at pace

Ingenico Group, the global leader in seamless payments, today unveils a new offering for digital businesses specifically designed to reach peak payments conversion. The new range of products are built for online consumers who demand fast, mobile and secure payments with a choice of preferred payment method and currency. The offer includes the Ingenico Recurring Payments Suite, pay-per-use payments and brings all of Ingenico ePayments’...

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True Name™ Card to be made available across Europe
Jul09

True Name™ Card to be made available across Europe

Today, Mastercard has announced their commitment to bring the True Name™ card to Europe in 2020, enabling people to reflect their preferred identity on their payment cards. For many people around the world, the identity printed on their cards does not reflect who they truly are. For the transgender and non-binary communities in particular, the name on their card can serve as a source of sensitivity and embarrassment, with the option...

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Businesses will risk recovery unless $20 billion online payments hole is plugged
Jul09

Businesses will risk recovery unless $20 billion online payments hole is plugged

The economic recovery could be reduced or delayed unless businesses plug an annual $20bn hole in online transactions, according to a new study by fintech unicorn, Checkout.com. Loss of sales caused by false declines, where legitimate transactions are flagged as fraudulent, cost online retailers at least $20bn in 2019 in the world’s biggest e-commerce markets. At a time of unprecedented trading conditions, merchants are handing nearly...

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Barclaycard extends partnership with SAP to include payment gateway access
Jul08

Barclaycard extends partnership with SAP to include payment gateway access

From today, any business signed up to the SAP Commerce Cloud will be able to access Smartpay and take advantage of benefits including frictionless customer experience, bolstered fraud defences and a consistent payments offering across online and offline channels. One of Smartpay’s chief benefits is its ability to power fast, smooth, flexible payments. The platform supports one-click purchases and allows buyers to use a variety of...

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Insurtech disruptor honcho launches final £300k crowdfunding investment raise
Jul08

Insurtech disruptor honcho launches final £300k crowdfunding investment raise

honcho – the Durham-based fintech startup taking on the insurance distribution market –have today announced the final stage of their 2019-2020 £2.25m capital investment raise. First launched last summer with investment from Maven Capital Partners and followed this spring with further Maven investment plus a new investment from specialist VC Insurtech Gateway alongside crowd investors on the Crowdcube platform, the raise has just £300k...

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Cloud9 and SteelEye Partner to Address Voice Trading Compliance Challenges amid Remote Working Conditions
Jul08

Cloud9 and SteelEye Partner to Address Voice Trading Compliance Challenges amid Remote Working Conditions

Cloud9 Technologies (“Cloud9”), a leader in cloud-based communications, has integrated with SteelEye, a leading regulatory technology and data analytics provider, to offer the institutional marketplace an efficient solution to manage their regulatory and surveillance obligations for voice trade data. With demand surging among financial institutions for ‘virtual trading floors’, the integration of Cloud9 into SteelEye enhances firms’...

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Online challenger marketplace closes series a funding round  
Jul08

Online challenger marketplace closes series a funding round  

UK-based eCommerce business OnBuy is set to launch globally this summer, after securing a £5 million investment. The online marketplace offers businesses a fairer and more transparent platform to sell their products to buyers, and has seen record sales in the past year as savvy consumers seek out better deals. OnBuy’s founder and CEO, Cas Paton, is now projecting the thriving business to be turning over £2 billion in sales by 2024....

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FF Virtual Arena: Get Minted
Jul08

FF Virtual Arena: Get Minted

Today’s Virtual Arena is all about GOLD! As Minted’s Shahid Munir and Ali Paterson will be finding out how people can now buy and sell gold, simply, securely and most important quickly!

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Mastercard, AMEX & Visa announce global expansion of Click to Pay
Jul08

Mastercard, AMEX & Visa announce global expansion of Click to Pay

E-commerce has reached new heights around the world, as more consumers are going online to make secure, touch-free purchases across various merchants and platforms. Now, it’s more important than ever that the online checkout experience is seamless and consistent across all types of digital channels and cards. Today, American Express, Discover, Mastercard and Visa announced they are each beginning technical preparations for global...

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EVERTAS identifies ‘phantom’ knowledge of cryptoassets from insurers 
Jul08

EVERTAS identifies ‘phantom’ knowledge of cryptoassets from insurers 

Evertas, the world’s first cryptoasset insurance company, says there is a serious problem of ‘phantom’ knowledge of cryptoassets from insurers. The company has been engaging with several insurers and brokers on the issue of insuring cryptoassets, and has found many wrongly claim to have a good understanding of the risks associated with these assets, and mistakenly believe that the sector’s underwriting and pricing in this area are...

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Salt Edge helps Planner Bee’s users get easy access to their financial data
Jul08

Salt Edge helps Planner Bee’s users get easy access to their financial data

Pocket financial planning app Planner Bee announced a partnership with Salt Edge, a leader in open banking solutions, to securely and seamlessly connect millions of users to their personal banking data. Headquartered in Singapore, Planner Bee aims to put a financial advisor in everyone’s pocket. The app pulls in the user’s data to offer them a convenient dashboard view of their finances across savings, investments, spending, and even...

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Exclusive: ‘How a ‘hacker’ mindset is responding to COVID-19′ – Lubaina Manji, Nesta Challenges in “The Fintech Magazine”
Jul08

Exclusive: ‘How a ‘hacker’ mindset is responding to COVID-19′ – Lubaina Manji, Nesta Challenges in “The Fintech Magazine”

Lubaina Manji, Senior Programme Manager at Nesta Challenges, on the transgressive fintechs taking their place on the financial frontline and how it’s supporting the new wave of responders. It’s widely recognised that banks are now comfortable collaborating, rather than competing, with the UK’s fintechs and I believe one of the main factors behind this is a fintech’s agility and ability to quickly pivot. It’s these same qualities that...

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Soldo extends partnership with Mastercard
Jul08

Soldo extends partnership with Mastercard

Spend management platform Soldo today announces that it has extended its partnership with Mastercard®, to become a principal member of the global pay-tech giant. The partnership enables Soldo to become more autonomous in innovating payments products and further reduces dependencies on third parties. This announcement coincides with the successful migration of more than 60,000 Soldo customers to in-house card issuing to ensure...

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Danske Bank opens up for payment initiation with Nordic API Gateway
Jul08

Danske Bank opens up for payment initiation with Nordic API Gateway

The open banking platform, Nordic API Gateway, announces that it has extended its partnership with Denmark’s leading bank to enable customers to pay from other banks within Danske Bank’s mobile banking app. In this way, Danske Bank is taking an important step to becoming the preferred banking interface. The new payments are expected​to launch in August 2020 starting in Denmark.  With more than 3 million personal banking...

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86% of London-based banking and finance employees affected mentally by lockdown
Jul08

86% of London-based banking and finance employees affected mentally by lockdown

More than eight-in-ten London-based banking and finance professionals (86%) say Covid-19 lockdown has affected their mental health, according to a new survey of white-collar employees by Helix Resilience, the science-backed employee wellbeing and resilience provider. The survey was conducted by Helix Resilience to identify and understand the challenges that Covid-19 has caused the financial services and banking workforce. 352 banking...

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Loomis, Sayles & Company confirms successful roll out of iActsTM
Jul08

Loomis, Sayles & Company confirms successful roll out of iActsTM

Financial technology company, T-Scape today announced that the second major version release of its corporate action application iActs has been successfully deployed at Loomis, Sayles & Company. The deployment continues the iActs story that began in 2017 with the announcement that iActsTM v1 had been rolled out at the global investment management company to support both back office and front office operations.  Chip Bankes, Head of...

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Avaloq partners with InvestSuite
Jul08

Avaloq partners with InvestSuite

The new fintech in the Avaloq.one Ecosystem offers a unique digital investment solution, StoryTeller, to extend the Avaloq offering and help financial institutions accelerate their digital wealth management transformation. InvestSuite is a Belgium-based fintech with offices in Warsaw, London, Madrid, Copenhagen, Amsterdam and Sydney. The company provides automated investment solutions to help financial institutions retain their...

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Currencycloud announces partnership with Mambu for FX and payments
Jul08

Currencycloud announces partnership with Mambu for FX and payments

Mambu, the market-leading cloud banking platform, has partnered with Currencycloud, the leader in providing embedded B2B cross-border solutions, to offer increased transparency and scalability of international payments to their platform clients. This partnership brings together two like-minded organisations to deliver out-of-the-box banking capabilities. By integrating Mambu’s true SaaS banking platform with Currencycloud’s suite of...

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Bankdata reaches new milestone on time in strategic re-platforming with Murex’s MX.3 Solution
Jul08

Bankdata reaches new milestone on time in strategic re-platforming with Murex’s MX.3 Solution

Murex, the global leader in trading, risk, and processing solutions for capital markets, is pleased to announce that Danish IT service provider Bankdata has reached a new successful milestone in their front-to-back-to-risk re-platforming project. In 2016, Bankdata, Murex and Synechron began their partnership which will provide Danish banks with MX.3 as a core shared platform for its utility service in order to rationalize their...

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The Global Covid-19 FinTech Market Rapid
Jul08

The Global Covid-19 FinTech Market Rapid

The Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School is partnering with the World Bank Group and the World Economic Forum to launch a Global Covid-19 FinTech Market Rapid Assessment Survey. The empirical data collected will be used to understand Covid-19’s impact on the FinTech markets, how the global FinTech industry has responded and some of the immediate regulatory and policy...

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Newcastle Strategic Solutions Take First Steps into the Cloud with Mobile Savings App
Jul07

Newcastle Strategic Solutions Take First Steps into the Cloud with Mobile Savings App

The UK’s leading provider of third party online savings management services has extended its client proposition with the development of a new app-based mobile platform. Newcastle Strategic Solutions designed the savings app as a white-label product which its parent company Newcastle Building Society is the first client brand to adopt. Developed in collaboration with Newcastle-based software consultancy, Scott Logic, the app uses newly...

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41% of European consumers unable to access financial services during lockdown
Jul07

41% of European consumers unable to access financial services during lockdown

Research from Signicat, the Trusted Digital Identity™ company, has revealed that 41% of consumers across Europe have been unable to access new financial services thanks to a combination of pandemic lockdown restrictions and lack of access to digital options. The research of over 4000 consumers also discovered that two-thirds expect improvements following these poor experiences. One of these improvements should be 100% digital...

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