Betterment Raises Additional $70M
Jul21

Betterment Raises Additional $70M

Betterment announced a $70 million round of funding, an extension of last year’s Series E. Swedish investment company Kinnevik led the round, extending its financing from last year. Previous investors Bessemer Venture Partners, Menlo Ventures, and Francisco Partners also participated in the round. Over the past 15 months, Betterment has grown from managing $4 billion to now nearly $10 billion in assets for more than 270,000...

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Bitcoin Split: Where Do We Go from Here?
Jul21

Bitcoin Split: Where Do We Go from Here?

Matthew Newton, Market Analyst at eToro commented: “The value of Bitcoin is inherently linked to the likelihood of Bitcoin acquiring purchasing power in the real world. Bitcoin was once a cryptic term for most, associated with tech types and risk takers. Yet the cryptocurrency is becoming increasingly mainstream. We have just seen Lush commit to accepting Bitcoin payments online. Other retailers may well follow. “The recent stand-off...

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National Bank Correspondent Network Welcomes Ullman Wealth Management
Jul21

National Bank Correspondent Network Welcomes Ullman Wealth Management

National Bank Correspondent Network is proud to welcome Lawrence Ullman and Ullman Wealth Management (UWM) to its network. As a newly registered independent advisory firm based in Toronto, UWM has selected NBCN as its primary provider and partner of custody and asset servicing for its Canadian and international clients. Lawrence Ullman and his team’s long-standing relationships and trust with their distinguished high-net-worth...

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New Study Exposes Major Banking Misconceptions Among Consumers
Jul21

New Study Exposes Major Banking Misconceptions Among Consumers

Knowledge gap could lead to consumers making uninformed financial decisions Although 61% of consumers believe credit unions care more about their members than banks do, a new study finds that only 16% of Americans currently use a federal credit union as their primary financial institution, signaling major missed opportunities for account holders and borrowers. Conducted recently online by Harris Poll and commissioned by Affinity...

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RiverPay Offers Alipay and WeChat Pay
Jul21

RiverPay Offers Alipay and WeChat Pay

RiverPay Inc. has introduced payment solutions that connect China’s leading mobile payment providers Alipay and WeChat Pay to North American merchants. This development is a significant win for merchants, who will now easily be able to accept payment from a large and quickly growing tourism market that embraces Alipay and WeChat Pay in their buying transactions. Tens of millions of Chinese travelers are projected to come...

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TUNE Announces New Fraud Prevention Solution
Jul21

TUNE Announces New Fraud Prevention Solution

Top marketers from Twitter, OpenTable and WeatherBug along with ad partners InMobi, Fyber and Adperio back open approach to addressing ad fraud TUNE announced its Fraud Prevention Solution, a transparent approach to addressing advertising fraud by connecting marketers and ad partners through shared data and insights. In an industry first, TUNE provides marketers and ad networks with access to the same traffic and fraud install data so...

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Nucleus Software Announces Q1 FY18 Financial Results
Jul21

Nucleus Software Announces Q1 FY18 Financial Results

Enabling Organizations to leverage Digital and Analytics  Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announced its consolidated results for the first quarter ended on June 30, 2017. Consolidated revenue for the first quarter of FY 2018 is at Rs. 94.3 crore in comparison to Rs. 90.0 crore in the corresponding quarter of the previous year. Commenting on...

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Web Financial Group Wins Systems in the City Awards 2017
Jul21

Web Financial Group Wins Systems in the City Awards 2017

For the fifth consecutive year Web Financial Group has received the recognition of the UK Financial Services Industry being awarded as “Best research data solution” during the Systems in the City Awards. Leading suppliers of services and systems for the regulated investment sector were confirmed at the annual Systems in The City Awards presentation which took place on the 14th of July at Merchant Taylors’ Hall. Chris Evans, Managing...

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RFI 2017: Nick Kennett, Post Office
Jul21

RFI 2017: Nick Kennett, Post Office

Nick Kennett from Post Office speaks to us at RFI.

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ANZ Opens its First Cashless Branch for Brisbane
Jul21

ANZ Opens its First Cashless Branch for Brisbane

ANZ this week opened a new cashless branch in Brisbane’s CBD, its first for the city, as customers continue to choose online and digital banking options instead of cash. The new branch in George Street, Brisbane is ANZ’s seventh cashless branch across Australia since it opened the first one in Sydney’s Bondi Junction in March last year. Commenting on the new branch, Managing Director Retail Distribution Catriona Noble said: “Our...

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Faster Payments Task Force Unveils Proposals and Sets 2020 Target
Jul21

Faster Payments Task Force Unveils Proposals and Sets 2020 Target

Recommendations to be revealed during live online broadcast at 11:30 a.m. EDT July 21 Members of the national Faster Payments Task Force, which was created and led by the Federal Reserve in 2015, Friday will publish a final report summarizing the accomplishments of the task force.  The report details 16 proposed faster payments solutions that outline possible approaches to achieving a faster and more efficient payment system and sets...

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Comment on UK Government Fintech Regulation from Applause
Jul21

Comment on UK Government Fintech Regulation from Applause

Rahul Shah, Applause’s SVP of Global Delivery and Customer Success: “Applause welcomes the UK government’s new regulatory regime for fintech firms, which will allow users to access multiple bank accounts from one easy-to-use app. It’s a trend we’re already seeing in other parts of Europe, with Santander launching a mobile app for the Spanish market that will allow users to access information from multiple bank accounts. It’s...

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The Future of Faster Payments to Take Center Stage During Industrywide Live Broadcast
Jul21

The Future of Faster Payments to Take Center Stage During Industrywide Live Broadcast

On July 21, the Faster Payments Task Force will publish the second part of its highly anticipated report for spurring the U.S. toward a safe, fast and ubiquitous payments system. The task force’s findings will be shared by industry representatives during a live 11:30 a.m. ET broadcast panel program hosted by the Federal Reserve System. The U.S. payment system is quickly evolving as new technologies, currencies and other innovations...

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Kickstart Accelerator Chooses 30 Promising Startups for 2017 Programme
Jul21

Kickstart Accelerator Chooses 30 Promising Startups for 2017 Programme

Kickstart Accelerator announces the startup shortlist for its second cohort comprising of FinTech, Food, Smart Cities and Robotics & Intelligent Systems verticals in Zurich Kickstart Accelerator – one of Europe’s largest multi-corporate, zero-equity technology accelerators – an initiative of digitalswitzerland and operated by Impact Hub Zurich – has today announced its shortlist of 30 startups for its second...

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Five Tips for CPA Firms Looking to Make the Move
Jul21

Five Tips for CPA Firms Looking to Make the Move

Accountants know that cloud accounting holds many benefits for CPAs and clients alike. It eliminates wasted time, human error and streamlines costs, meaning accountants have more time to oversee projects and work on other things. With all this in mind, it seems like an obvious choice for CPA firms to make the jump to the cloud. But where do you start, and how do you  make sure your move is successful? Below are five tips from Lee...

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Next-gen Credit Scorer Aire Raises $5m in Series A Funding from Deep-tech VCs
Jul21

Next-gen Credit Scorer Aire Raises $5m in Series A Funding from Deep-tech VCs

Aire today announces the closing of a $5m Series A funding round, led by Sunstone Capital alongside White Star who previously led Aire’s Seed round in 2016. In conjunction with closing the latest round of funding, Aire today also announces two new high-profile partnerships across different sub-sectors of consumer credit: Aire is embarking on projects with the pioneering financial services company Zopa as well as the world-leading car...

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Global Insurance Brokers Sector will Hit $54.8 Billion in 2021
Jul21

Global Insurance Brokers Sector will Hit $54.8 Billion in 2021

The global insurance brokers sector has experienced impressive growth in recent years, registering a compound annual growth rate (CAGR) of 7% between 2012 and 2016 to reach a value of $42.8 billion, according to data from research company MarketLine. The company’s latest report shows that sector values have increased in all regions. Global growth, however, has been primarily driven by healthy revenue increases in the US, the...

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Billon Receives €2m Grant from Horizon 2020
Jul21

Billon Receives €2m Grant from Horizon 2020

The EU’s biggest Research and Innovation programme, Horizon 2020, announced that it granted funding of almost EUR 2M to Billon Group (http://www.billongroup.com), under the SME Instrument programme, to expand its innovative DLT solutions beyond instant corporate payments, into eCommerce and content monetization solutions. Billon was awarded the grant on the basis that its pioneering distributed ledger technology can exploit the...

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KPN and Content Guru Enter into New Deal with Sanoma
Jul21

KPN and Content Guru Enter into New Deal with Sanoma

Leading European media and learning company Sanoma has entered into a new deal with KPN and Content Guru. The new agreement defines Sanoma’s move from outdated, legacy systems to a single, centralized, Cloud Contact Center architecture for Sanoma Group companies in Belgium (VanIn) and the Netherlands (Aldipress). The Sanoma Group provides information and entertainment to millions of people across Europe, generating net sales of €1.6...

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Zego Raises £1.2M
Jul20

Zego Raises £1.2M

Zego has raised £1.225 million in seed funding from investors led by LocalGlobe. The fundraising comes as Zego launches its first product for car drivers, which is fully underwritten by Aviva. Zego, which previously was known as Tego, was launched last year to provide specialist pay-as-you-ride insurance to drivers working for sharing economy companies – including Deliveroo, UberEATS, Jinn and Amazon. All car, bike and scooter...

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All Change in the Skills Department
Jul20

All Change in the Skills Department

Companies around the world are facing challenges to find skilled professionals, and the finance sector is no different. Almost nine in ten (89%) CFOs said it is a challenge to find the right people to join their finance teams. This has become even more challenging in the face of digital transformation and automation, with both traditional finance and interpersonal skills also becoming must-haves in the workplace. Around the world, the...

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‘Sevent-ually’ Financial Free
Jul20

‘Sevent-ually’ Financial Free

Most millennials will reach 70 before they achieve financial freedom The time of true financial freedom has likely already arrived for those born on or before 1st September 1953 (Baby Boomers), but the future is not looking so bright for the Millennial generation (born between the early 80s up to 00s), who will face a more expensive and far longer financial struggle – according to a new study. The study, which was carried out by...

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Retail Banking International 2017: Eric Coffie, Ecobank
Jul20

Retail Banking International 2017: Eric Coffie, Ecobank

Eric Coffie from Ecobank speaks to us at Retail Banking International.

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Retail Banking International 2017: Felipe Penacoba Martinez, Santander
Jul20

Retail Banking International 2017: Felipe Penacoba Martinez, Santander

Felipe Penacoba Martinez from Santander speaks to us at Retail Banking International.

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New Senior Digital Appointment at Fintech Firm Quint
Jul20

New Senior Digital Appointment at Fintech Firm Quint

FINTECH giant Quint Group has appointed a new acquisition manager as it continues its digital-led expansion in the consumer credit market. Digital marketing specialist Sangam Mishra joins Quint from fintech company Valour Group to head up the company’s paid channels and drive growth. Sangam, 31, from Didsbury, brings 13 years of digital marketing experience into his new role, having occupied various roles at Valour Group after...

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HM Treasury Bans Card Surcharges: Secure Trading Comments
Jul20

HM Treasury Bans Card Surcharges: Secure Trading Comments

It has been announced that HM Treasury is introducing new rules that will ban businesses from adding surcharges onto credit and debit card payments. The practice, which critics argue is unfair as charges are often added at checkout, is thought to have generated businesses £473 million. The Government has said that it will help retailers to adapt before the ruling comes into effect on 13 January 2018. Below is comment from Laurent...

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Dun & Bradstreet Teams Up with Microsoft
Jul20

Dun & Bradstreet Teams Up with Microsoft

Dun & Bradstreet is teaming up with Microsoft Corp. to give companies worldwide direct access to its data through Microsoft’s cloud services. Together the companies announced the following: Dun & Bradstreet has selected Microsoft as a strategic cloud provider to accelerate the company’s digital transformation and deliver its customers more efficient and seamless access to its commercial data. Dun & Bradstreet...

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Oracle Significantly Expands Cloud at Customer with PaaS and SaaS Services
Jul20

Oracle Significantly Expands Cloud at Customer with PaaS and SaaS Services

Delivers unrivaled enterprise-grade public cloud SaaS, PaaS, and IaaS services in customers’ datacenters Empowering organizations to move workloads to the cloud while keeping their data on their own premises, Oracle today announced significant expansion of the breadth of services available through Oracle Cloud at Customer. The portfolio now spans all of the major Oracle PaaS categories and for the first time, also features...

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Financial Advisors and Firms Announced as Finalists for the 2017 Invest in Others Awards
Jul20

Financial Advisors and Firms Announced as Finalists for the 2017 Invest in Others Awards

Awards Will Be Presented on September 28th in New York City The Invest in Others Charitable Foundation is pleased to announce that fifteen financial advisors and six financial services companies were selected as finalists for the 2017 Invest in Others Awards. Now in its eleventh year, the Invest in Others Awards program recognizes the charitable work of financial advisors and financial services firms in communities across the country...

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XL Catlin Adds Commercial Bonds to Product Suite
Jul20

XL Catlin Adds Commercial Bonds to Product Suite

To further support customer’s national and international transactions, XL Catlin has launched a suite of Commercial Bonds for clients across the public and private sectors in the United States. By offering a wide range of commercial bonds, we can service a variety of industries including manufacturing, real estate, energy, education, technology, financial institutions and retail. XL Catlin’s Political Risk, Credit and Bond...

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COMMENT: Tapping into Data is Key to Defeating UK Fraud
Jul20

COMMENT: Tapping into Data is Key to Defeating UK Fraud

Sundeep Tengur, Banking Fraud Solutions & Financial Crimes Specialist: “Fraud is not just a problem for individuals and companies – today’s figures show that it continues to grow as a societal issue that affects large numbers of customers and organisations, law enforcement and even the government. “As we continue to migrate to digital channels and platforms for transactions, a trend that will be catalysed by the forthcoming PSD2...

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Archover to Represent P2P Sector in UK Finance Association
Jul20

Archover to Represent P2P Sector in UK Finance Association

ArchOver joins new UK-wide finance body following entry to Asset-Based Finance Association ArchOver has become a member of UK Finance, the newly created trade body for financial organisations in the UK. Following its acceptance into the Asset-Based Finance Association (ABFA) last month, ArchOver will represent the interests of peer-to-peer lenders in the new group. This latest industry recognition underscores ArchOver’s position as...

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Receipt Bank Raises US$50 Million Series B Funding
Jul20

Receipt Bank Raises US$50 Million Series B Funding

Investment will allow company to further develop its pioneering bookkeeping automation technology Receipt Bank has raised US$50 million in Series B funding from Insight Venture Partners. The investment will be used to accelerate the growth of the company and to further develop its products. The group passed US$10 million ARR (Annual Recurring Revenue) in 2016 and continues to grow at more than 100% every year. Receipt Bank has been...

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Actiance Announces ISV Developer Program
Jul20

Actiance Announces ISV Developer Program

Actiance today announced its ISV Developer Program. The new partner program will expand Actiance’s compliance and archiving platform, providing customers with more powerful solutions to help them stay compliant with regulatory mandates set by FINRA, SEC, IIROC, FCA, GDPR, and MiFID II, and others, as well as gain valuable insights from the communications data they collect. “Our collaboration with Actiance will provide a unified and...

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TBS Customers First in Europe to Benefit from Iris Recognition
Jul20

TBS Customers First in Europe to Benefit from Iris Recognition

Security and customer experience at forefront of digital offering as challenger bank becomes first in Europe to commit to iris recognition technology TSB is set to introduce iris recognition to its mobile banking app – the first bank in Europe to commit to provide the technology – as the Bank’s high-tech transformation gathers pace. Customers with a Samsung Galaxy S8 or S8+ smartphone will be able, from September 2017, to unlock their...

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Businesses Missing Out on Full Benefits of Continuous Testing
Jul20

Businesses Missing Out on Full Benefits of Continuous Testing

CA Technologies Study Shows Only 1 in 5 Organizations Use Test Automation as a Business Enabler Results from a CA Technologies global study reveal that while 75 percent of organizations highlight continuous testing as critical or important, only a minority of survey respondents have made exceptional progress acquiring the necessary knowledge and key enablers to drive digital transformation. The 20 percent of survey respondents...

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Nottingham Building Society to Open Seven Building Society Branches
Jul20

Nottingham Building Society to Open Seven Building Society Branches

The Nottingham Building Society has announced that in November and December this year, it will open seven new branches in market towns across the Midlands, Cambridgeshire and Norfolk.   It also hopes to continue to open more branches in market towns, which it says often have very few or none of these. The Nottingham believes strongly that branches can have a future if banks and building societies ‘reinvent’ their role and make them...

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Additiv Snaps Up Senior PwC Partner to Head Up its Solutions Unit
Jul20

Additiv Snaps Up Senior PwC Partner to Head Up its Solutions Unit

Banking technology veteran joins additiv following multi-million-dollar funding round   Zurich-based additiv, a leading provider of digitalisation solutions to the financial services industry, has hired Thomas Achhorner, former Head of Digital Financial Services at PwC Australia. Achhorner assumes the role of Global Head of Solutions, taking responsibility for additiv’s Software-as-a-Service offering (SaaS) and leading a team of 20...

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Pre-close Trading Statement: eg solutions plc
Jul20

Pre-close Trading Statement: eg solutions plc

Pre-close Trading statement eg solutions plc provides the following trading update ahead of its interim results for the six months ended 31 July 2017. The Group is pleased to report that trading in the first half of the financial year has been strong. The Board now expects results to be ahead of market expectations with Revenue for the full year ended 31 January 2018 to be not less than £10.5m (2017: £8.2m) and Adjusted EBITDA to be...

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Growth Street Joins Nesta’s £5m Open Up Challenge
Jul20

Growth Street Joins Nesta’s £5m Open Up Challenge

Small business lender Growth Street has been selected to participate in Nesta’s Open Up Challenge. As one of 20 Stage 1 participants, Growth Street will work to develop new tools and change small business banking in the UK. Growth Street will build services that use new open banking APIs in readiness for the onset of the UK’s new open banking standard in 2018. Growth Street’s participation in the Open Up Challenge is a landmark for...

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Temenos Announces Strong Q2 Results
Jul20

Temenos Announces Strong Q2 Results

Temenos Group AG the software specialist for banking and finance, today reports its second quarter 2017 results. The definition of non-IFRS adjustments is below and a full reconciliation of IFRS to non-IFRS results can be found in Appendix II * Constant currency (c.c.) adjusts prior year for movements in currencies Q2 2017 highlights Strong momentum across all KPIs Digital and regulatory pressure on banks driving market growth...

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Access to Liquidity Dominates Decision-making Process for Fixed Income Firms
Jul20

Access to Liquidity Dominates Decision-making Process for Fixed Income Firms

Survey of US and European bond traders reveals that the global impact of MiFID II, the rise in electronic trading, and OMS integration top their list of priorities Liquidnet published the results of its Fixed Income Institutional Voice Survey, with US and European institutional traders revealing that “sourcing liquidity” is the most important factor when selecting a trading venue. Driven by regulatory and market structure changes, the...

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Payments Company Episode Six Enters Japanese Market
Jul20

Payments Company Episode Six Enters Japanese Market

Episode Six to Open Tokyo Office, Hires Industry Veteran Oko Okamoto as Japan General Manager Next generation payments software technology provider establishes presence in Japan to meet growing fintech demand Next generation payments software technology provider, Episode Six announced it is opening an office in Tokyo to meet the growing demand for fintech solutions in Japan and the Asian region. Additionally, the Company announced...

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Finstar to Invest USD150 Million in Fintech
Jul19

Finstar to Invest USD150 Million in Fintech

Finstar Financial Group will invest USD150 million into new financial technology startups over the next five years, Oleg Boyko, the Chairman of Finstar, has confirmed. The money will also be used for research and development (R&D) within the Group’s portfolio companies. Global investment in financial technology startups increased to USD12.7 billion last year, according to the CB Insights Global Fintech Report 2016. Finstar is at...

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Ratesetter Announcement: UKCFA Statement
Jul19

Ratesetter Announcement: UKCFA Statement

Bruce Davis, Director of the UK Crowd Funding Association (UKCFA) “This underlines why we need clarity from the regulator about the scope of loans based crowdfunding.  The UKCFA represents members from loans and investment based crowdfunding and have always advocated maximising transparency for lenders and investors so they have a clear understanding of where their money goes, the risk it incurs and how the rewards are shared...

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Adaptive Insights and OPEXEngine Collaborate
Jul19

Adaptive Insights and OPEXEngine Collaborate

Companies ink reseller agreement for GAAP and non-GAAP benchmarks Adaptive Insights and OPEXEngine announced an agreement that underscores the companies’ joint commitment to providing best-in-class benchmarking data to software-as-a-service (SaaS) and software companies. AdaptiveInsights, the leader in strategic corporate performance management (CPM), and OPEXEngine, the principal independent benchmarking platform for software and...

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Transatlantic Payments Initiative P20 Hosts Inaugural Conference in London
Jul19

Transatlantic Payments Initiative P20 Hosts Inaugural Conference in London

P20 will be hosting its inaugural conference at Lancaster House, London on 10th October. P20 will convene 20 of the most influential leaders in the global payments industry and top UK and US government officials and regulators annually to highlight the importance of payments and fintech to the world economy. It will also shine a light on the vital role played by London and Atlanta and provide a long-term opportunity for a...

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TGI Fridays becomes First UK Bar to Implement Bar Tab from Mastercard and Oracle
Jul19

TGI Fridays becomes First UK Bar to Implement Bar Tab from Mastercard and Oracle

Innovation eliminates the need to leave a card behind the bar Today TGI Fridays, Oracle and Mastercard announced the launch of Bar Tab at their Leicester Square location. Bar Tab is a new function within Mastercard’s Qkr! payment app that allows consumers to set up, manage and pay bar tabs using their smartphones. The application will be integrated into Oracle Hospitality’s restaurant management platform and Masterpass, the digital...

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Revolutionary Innovation For UK Digital Publishers
Jul19

Revolutionary Innovation For UK Digital Publishers

Businesses in the UK currently spend £10bn a year on online promotion, and the industry is growing globally. A study by Foundation Capital anticipates that digital advertising spend will rise to $120bn by 2025. Many marketers believe it is imperative that the digital advertising supply chain goes through a major overhaul. The Interactive Advertising Bureau (IAB) deems the digital advertising supply chain as dubious, for a variety of...

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Bank of England Extends Direct Access to RTGS Accounts to Non-bank Payment Service Providers

​The Bank of England is announcing today that a new generation of non-bank payment service providers is now eligible to apply for a settlement account in the Bank’s RTGS system. Holding their own settlement account at the Bank enables these non-bank PSPs to apply, for the first time, for direct access to the UK’s sterling payment systems that settle in sterling central bank money, including Faster Payments, Bacs, CHAPS, LINK, Visa,...

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