The Fintech Magazine Issue 11
Feb01

The Fintech Magazine Issue 11

The Latest Edition of the Fintech magazine is now live! We’ve got features from: Jim Marous, our guest editor, talks risk on his Euro-American Tour ‘Disrupt Yourself’ How do you go from being risk-averse to ‘jumping in with both feet’? Gonzalo Rodriguez, Head of Retail Customer Solutions, gives us an incredible look at the future… or is it actually the present? Find out in his feature on pg 16. Daan...

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The Fintech Fix: The Church, The Software and the End of Branches.
Jan29

The Fintech Fix: The Church, The Software and the End of Branches.

Doug Mackenzie breakdowns the biggest stories in the world of Fintech. This week we look at a contactless church, the end of Microsoft…wallet and branches as we know...

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Fintech Finance Presents: Insurtech Show Episode 1.03 – How do you experience Insurance?
Jan23

Fintech Finance Presents: Insurtech Show Episode 1.03 – How do you experience Insurance?

In this episode of the Insurtech Show, we talk about how this industry is really excelling at improving the customer experience. We learn from David Germain, Group Chief Information & Technology Officer about how RSA are looking at what the customer might need in the future. Gareth Howell, Managing Director at Axa talks about how the Insurance industry has always been at the forefront of evolving with technological development....

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Fintech Connect Live 2018 Summary

Over in London, the FF team headed to the Fintech Connect Live We caught up with Chubb, Veridas, Quadient, and many, many more!...

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The Fintech Fix: Giants, Unicorns and Divorce
Jan14

The Fintech Fix: Giants, Unicorns and Divorce

The Fintech Fix: Giants, Unicorns and Divorce Welcome to the first episode of the Fintech Fix! Doug Mackenzie breakdowns the biggest stories in the world of Fintech. This week we look at Unicorns, Giants and...

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Cryptocurrency: Life after the Apocalypse
Jan11

Cryptocurrency: Life after the Apocalypse

By Tom Heesom, Branding Strategist at global branding agency Siegel+Gale Pundits have been predicting cryptocurrency armageddon for years, and are broadly delighted now that they seem to have been proved correct. The gravity-defying success of cryptocurrency made traditional commentators look stolid and foolish. For years they’ve muttered darkly from the sidelines with a mixture of jealousy and contempt. Now they’re taking a great...

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SBC InsurTech announces CoLab partnership with Aon
Jan11

SBC InsurTech announces CoLab partnership with Aon

SBC InsurTech, the award-winning provider of world-class innovation programs for the insurance industry, today announces a new collaboration with leading global professional services firm, Aon. Aon joins the SBC community as an industry partner for SBC InsurTech CoLab (CoLab), a themed-based innovation program for mature markets. CoLab aims to align the impact innovation can deliver with an organisation’s strategic imperatives and top...

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CoinfloorEX, World’s First Physically Delivered Crypto Futures Exchange, Announces Spin-off from Coinfloor Group
Jan11

CoinfloorEX, World’s First Physically Delivered Crypto Futures Exchange, Announces Spin-off from Coinfloor Group

CoinfloorEX, the world’s first physically delivered bitcoin futures exchange, has been spun off from Coinfloor Group. The new entity will be known as CoinFLEX (Coin Futures and Lending Exchange) and will be owned by a consortium of high-profile technology companies, market makers and crypto investors. These backers include Trading Technologies, Roger Ver, Mike Komaransky, Dragonfly Capital Partners, Global Advisors, B2C2, Amber AI,...

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Ioana Guiman, Allevo
Jan11

Ioana Guiman, Allevo

We talk to Ioana Guiman from Allevo about open banking in Europe and Australia

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Talentsoft Completes $50 Million Funding Round To Accelerate Growth
Jan10

Talentsoft Completes $50 Million Funding Round To Accelerate Growth

Talentsoft, the European leader in learning and human capital management software, today announced that it has closed a funding round of $50 million. Francisco Partners leads the new investment, alongside existing investors Bpifrance and Goldman Sachs who are strengthening their capital. As part of today’s announcement, Talentsoft CEO Jean-Stéphane Arcis also shared insight into the company’s ambition in the European HR Tech market...

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A year into open banking, 8 of 10 Millennials would switch banks for personalised service
Jan10

A year into open banking, 8 of 10 Millennials would switch banks for personalised service

This Sunday marks the first anniversary of the Open Banking initiative. This ground-breaking reform changed previously rigid rules to make the financial services sector more competitive and focused on the customer. Cloud-based digital banks have taken advantage of this initiative by offering better services to customers, as 8 out of 10 Millennials say they would switch banks for personalised service[1]. Such fintech players and...

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Financial sector hit by £1.34bn security testing bill – New report from AVORD reveals businesses are at risk from inflated costs
Jan10

Financial sector hit by £1.34bn security testing bill – New report from AVORD reveals businesses are at risk from inflated costs

The shockingly high cost of protecting against cyberattacks has been revealed today, with the financial sector forking out more than £1.34bn annually to combat the growing threat of data breaches and system outages. Research from AVORD – a revolutionary new security testing platform that launches today – reveals 95% of businesses in the financial sector have seen an increase in the number of data breaches over the last five years. And...

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Creditinfo Group wins contract with Central Bank of Oman for the Implementation & Support of Oman Credit
Jan10

Creditinfo Group wins contract with Central Bank of Oman for the Implementation & Support of Oman Credit

Creditinfo Group, the leading global credit information and fintech services provider, today announced a new strategic partnership with the Central Bank of Oman (CBO). As part of the contract, Creditinfo Group will offer a full range of products to support the development, roll-out and management of a sophisticated and scalable credit registry system, including a modular credit reporting system with a roadmap of value-added products....

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everis Selects Featurespace to Help Banks Combat Payments and Account Fraud
Jan10

everis Selects Featurespace to Help Banks Combat Payments and Account Fraud

Featurespace, the leading machine learning Adaptive Behavioural Analytics fraud and risk management company, announced that everis, a multinational business consultancy serving clients in multiple sectors, has selected its ARIC™ platform to help banks combat payments and account fraud. Responsible for redefining the banking experience for its customers, everis tests and recommends the best technology solutions. The company conducted a...

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Open Banking turns one! Yolt now calls for all UK banks to offer APIs across all accounts
Jan10

Open Banking turns one! Yolt now calls for all UK banks to offer APIs across all accounts

Open Banking, the initiative aimed at increasing competition, encouraging disruptive product development and providing consumers with more choice in the UK’s banking sector officially celebrates its first birthday this weekend (13th January). What’s happened? Since Open Banking began its managed rollout at the start of 2018, the sheer number of users and connections has exploded. The Open Banking Implementation Entity (OBIE) has...

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Axis Bank launches QuikPay Home Loan; An Industry-First Reducing Monthly Instalments Plan that Offers Big Savings to Home Buyers
Jan10

Axis Bank launches QuikPay Home Loan; An Industry-First Reducing Monthly Instalments Plan that Offers Big Savings to Home Buyers

Axis Bank, India’s third largest private bank, today launched ‘QuikPay Home Loan’, a first-of-its-kind home loan offering that will let home buyers save big on the interest amount component of the loan. Essentially, as against the industry norm, QuikPay Home Loan will offer an alternative repayment structure, wherein the customer repays an equal amount of principal every month along with interest on the outstanding balance. Thus an...

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UnPAY Clinches Outstanding Cross-border e-Commerce Financial Services Enterprise Award
Jan10

UnPAY Clinches Outstanding Cross-border e-Commerce Financial Services Enterprise Award

UNPay, the global one-stop fintech open platform provider, announced today that it has clinched the Outstanding Cross-border e-Commerce Financial Services Enterprise Award, hosted by The Shenzhen Cross-border e-Commerce Association. Held in Shenzhen on 7 January, the theme of this year’s award, shines the spotlight on “open trade and breakthrough”. As one of the main driving forces in e-commerce, cross border trade...

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ESMA report finds investment product performance highly impacted by charges
Jan10

ESMA report finds investment product performance highly impacted by charges

The European Securities and Markets Authority (ESMA) today publishes its first Annual Statistical Report (Report) on the cost and performance of retail investment products. The Report covers Undertakings for Collective Investment in Transferable Securities (UCITS), Alternative Investment Funds sold to retail investors (retail AIFs) and Structured Retail Products (SRPs). The analysis complements ESMA’s risk assessment, supervisory...

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Meniga acquires Wrapp, aims to rival Facebook and Google and become leading digital advertising platform in Europe
Jan10

Meniga acquires Wrapp, aims to rival Facebook and Google and become leading digital advertising platform in Europe

Meniga, a global provider of digital banking technology, today announces its acquisition of Stockholm-based rewards platform, Wrapp. Since its foundation in Iceland in 2009, Meniga’s products have enriched the customer experience of over 65 million digital banking users across 30 countries. This acquisition establishes Meniga as the leader in transaction-driven marketing within the Nordics. Meniga retains a team in Reykjavík, as well...

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Klarna Links Up with Daniel Wellington to Offer Enhanced Payment Option
Jan10

Klarna Links Up with Daniel Wellington to Offer Enhanced Payment Option

Today, leading global payments provider, Klarna announced a new collaboration with Daniel Wellington, maker of classic and timeless watches. Loyal shoppers of Daniel Wellington will now benefit from Klarna’s newest payment option, which allows customers to pay for their watches and accessories in 4 equal interest-free installments collected bi-weekly from the shopper’s chosen debit or credit card. “Our aim at Klarna is to provide...

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IOHK Research on Sidechains Accepted to Prestigious IEEE Symposium on Security and Privacy
Jan10

IOHK Research on Sidechains Accepted to Prestigious IEEE Symposium on Security and Privacy

IOHK, the leading blockchain research and development company behind the Cardano cryptocurrency, has announced that its recent paper on sidechain protocols has been accepted to the renowned IEEE Symposium on Security and Privacy. Also known as Oakland, this cyber security conference brings together world-leading researchers and practitioners. The paper provides the first formal definition of a sidechain system demonstrating how assets...

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Katallassos Launches a Standard Framework for Decentralised Derivatives
Jan10

Katallassos Launches a Standard Framework for Decentralised Derivatives

Katallassos, a new standard framework for originating and issuing financial instruments and financial services, has today been announced as the flagship project of Trinkler Software, a company founded be Reto Trinkler – Cofounder of Melonport, a board member of the Web3 Foundation, and Forbes 30 under 30 in 2018.  The Katallassos project builds on top of the ACTUS standard, a modeling paradigm in which standardized Contract...

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PayU continues fintech growth trajectory through investment in Intercontinental Exchange’s new digital currency venture
Jan10

PayU continues fintech growth trajectory through investment in Intercontinental Exchange’s new digital currency venture

PayU confirms its investment in Bakkt, a new venture led by Intercontinental Exchange, operator of the New York Stock Exchange. The strategic investment marks the latest investment from PayU in a fintech venture which complement its core payments and credit business lines. As an infrastructure provider for digital assets, Bakkt is designed to serve institutional demand for trading and custodying Bitcoin due to ICE’s expertise and...

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Moorwand to issue first prepaid UnionPay branded cards to customers in UK
Jan10

Moorwand to issue first prepaid UnionPay branded cards to customers in UK

International payments company Moorwand has announced that it is launching the first pre-paid corporate and consumer cards to be issued in the UK in partnership with UnionPay, the card payment organisation with the world’s largest cardholder base. Moorwand will issue the UnionPay cards in the UK and across the EEA through the UPayCard branded prepaid card solution. UPayCard is a global multi-currency service for businesses and...

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TD and Air Canada Enter into Air Canada Credit Card Loyalty Program Agreement
Jan10

TD and Air Canada Enter into Air Canada Credit Card Loyalty Program Agreement

Further to the announcement of Air Canada completing its acquisition of Aimia Canada Inc., The Toronto-Dominion Bank confirmed today that the previously announced long-term loyalty program agreement with Air Canada has been entered into and is now effective. Under the Loyalty Agreement, TD will be the primary credit card issuer for Air Canada’s new loyalty program when it launches in 2020. “This agreement is a key...

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Millions of Brits missing out on Open Banking revolution
Jan10

Millions of Brits missing out on Open Banking revolution

12 months after the launch of Open Banking in the UK, awareness of it and understanding of what it means is desperately low, despite Brits’ desire to get hold of their finances. Just 9% of the survey group, which was representative of all GB adults (aged 18+) used Open Banking services. In fact, what understanding there is about Open Banking services is non-existent, or simplistic and confused. Fewer than 1 in 4 people – 22% –...

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The power of payment methods: why online retailers must address the checkout process
Jan10

The power of payment methods: why online retailers must address the checkout process

The retail industry has dramatically changed and continues to do so at a rapid pace. The days of bricks and mortar stores being a consumer’s only option are long gone. Easy to navigate web pages, a wide variety of products to choose from and getting items delivered straight to your door all save consumers time, and in some cases money. The combination of the death of the high street, and the instantaneous nature of buying goods has...

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Mitek enables ANNA Money to increase new customer acquisition by 25% in 3 months
Jan10

Mitek enables ANNA Money to increase new customer acquisition by 25% in 3 months

Mitek today announced that ANNA Money, the business-account app for startups and small businesses, has doubled the speed of its customer onboarding process and achieved its target of 25% more new customers in the digital channel in just three months – as a result of integrating Mitek’s Mobile Verify® digital identity verification. “Our customer base of UK startups, sole traders and SMEs use our services to help their business cash...

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Glassbox’s Web and Mobile Digital Customer Management Solution Adopted by the Four Largest US Banks
Jan10

Glassbox’s Web and Mobile Digital Customer Management Solution Adopted by the Four Largest US Banks

Glassbox today announced that its industry-leading web and mobile Digital Customer Management solution has been adopted by all four of the largest US banks, contributing to the company’s exponential business growth in 2018. Glassbox also continued to grow its business by adding dozens of Tier 1 enterprise customers in various vertical markets. Glassbox is the only enterprise-grade customer analytics platform that allows users to...

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N26 Becomes Europe’s Largest Fintech with $300 million Funding Round
Jan10

N26 Becomes Europe’s Largest Fintech with $300 million Funding Round

N26 has announced a $300 million Series D funding round led by New York-based venture capital and private equity firm Insight Venture Partners, valuing N26 at $2.7 billion. The round also includes participation from GIC, Singapore’s sovereign wealth fund, and several existing investors.    The $300 million funding represents the largest private equity financing round for a fintech company in Europe in recent years. To date, N26 has...

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Square launches new in-app payments SDK
Jan09

Square launches new in-app payments SDK

Today Square announced the launch of the Square In-App Payments Software Development Kit (SDK), enabling developers and sellers to process payments with Square within their consumer-facing mobile apps for the first time. With just a few lines of code, developers can easily and professionally build a fully PCI compliant, secure, and elegant Square-powered payments flow in their Android or iOS apps. With this SDK, developers leave the...

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Bottomline Technologies Onboards the Access Bank UK Limited to Faster Payments Scheme
Jan09

Bottomline Technologies Onboards the Access Bank UK Limited to Faster Payments Scheme

Bottomline Technologies, a leading provider of financial technology that helps make complex business payments simple, smart and secure, today announced it has added The Access Bank UK Limited to the Faster Payments Scheme (FPS) via Bottomline’s Real Time Payments Service. Bottomline’s Real Time Payments Service is a managed, end-to-end gateway that offers banks, payment service providers and their customers, fast, efficient and secure...

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Legal & General Uses NICE Virtual Attendant Robots to Build Workplace of the Future
Jan09

Legal & General Uses NICE Virtual Attendant Robots to Build Workplace of the Future

NICE today announced Legal & General, a leader in the insurance industry, has selected NICE Robotic Process Automation (RPA) to bring robotic intelligence into their service delivery approach.  The inclusion of intelligent virtual attendant robots into their organization equips their Customer Service Consultants with the tools to deliver an accurate, efficient and valuable customer experience. Legal & General is a prime...

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Yolt looks ahead to opportunities in 2019
Jan09

Yolt looks ahead to opportunities in 2019

Yolt, the smart thinking money app, surpassed half a million registered users last year, empowering people in the UK, Italy and France to gain a better understanding of their finances. In 2019, Yolt is planning to leverage the power of Open Banking even further to allow its users to spend and save smarter, with even more exciting additions, features and partners. Over the next year, Yolt will continue to meet users’ needs to manage...

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Ripple’s XRP Now Available to Trade on the Gibraltar Blockchain Exchange
Jan09

Ripple’s XRP Now Available to Trade on the Gibraltar Blockchain Exchange

The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated and insured token sale platform and digital asset exchange, has today added Ripple (XRP) to its Digital Asset Exchange (GBX-DAX), a state-of-the-art exchange created with the high expectations of professional crypto-traders in mind. Nick Cowan, Managing Director and Founder of GSX (Gibraltar Stock Exchange) Group Limited, said, “Ripple is a major player within...

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Valitor Predictions 2019: What does the coming year hold for how we’ll shop in stores?
Jan09

Valitor Predictions 2019: What does the coming year hold for how we’ll shop in stores?

Published on Valitor.com How will retail change and develop in 2019? We hear from industry insiders and share their predictions for the year ahead. This ongoing series will focus on a different theme each time. Today we’re looking at the in-store experience and the wider high street which, our experts say, is set to remain just as important in 2019 – but needs to evolve. In-Store personalisation should get better Nikki Baird, Vice...

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Third Square Mile Metro Bank Store To Open In Moorgate
Jan09

Third Square Mile Metro Bank Store To Open In Moorgate

Metro Bank, the revolution in British banking, is bringing its award-winning customer service to the bustling streets of Moorgate, London, on Thursday 17 January. It will be the bank’s 66th store and its third in the Square Mile. Located in the heart of the City of London at 120 London Wall, the day-long celebrations are set to spruce up the morning rush hour, with festivities kicking off at 8am. Open to residents, commuters,...

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North American banks need to prepare for digital change, according to report released by Temenos
Jan09

North American banks need to prepare for digital change, according to report released by Temenos

Changing customer behaviors and demands should be fueling change in the service and products retail banks are offering, according to an in-depth study released today by Temenos (SIX: TEMN), the banking software company.   The report, written by the Economist Intelligence Unit (EIU) on behalf of Temenos, explores the theme: “Whose customer are you? The reality of digital banking in North America”. This regional report explores the...

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Two-Thirds of Financial Decision-Makers Believe Tech Giants Will Offer Retail Banking in Five Years
Jan09

Two-Thirds of Financial Decision-Makers Believe Tech Giants Will Offer Retail Banking in Five Years

New research released today reveals the significant concerns of C-suite and director level decision-makers at retail banks about the Open Banking regulations, potential competition from tech giants, and the performance of fintech companies. The research, commissioned by Pepper, the 100% mobile bank created by Bank Leumi, Israel’s leading bank, found that two-thirds (66%) of financial decision-makers feel that technology giants such as...

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Salt Edge is the first global data aggregator to join Temenos MarketPlace
Jan08

Salt Edge is the first global data aggregator to join Temenos MarketPlace

Salt Edge is glad to announce that its Open Banking solutions will be now available via the Temenos MarketPlace, a digital store, which brings together the best banking services from around the world and makes them easily accessible to banks. What does this collaboration mean? It means that any Temenos customer wishing to deploy Salt Edge solutions, will now be able to do so even faster, via the Temenos core banking environment, thus...

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African Development Bank approves US$14.12 million to support Nigeria’s membership in African Trade Insurance (ATI) Agency
Jan08

African Development Bank approves US$14.12 million to support Nigeria’s membership in African Trade Insurance (ATI) Agency

The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility to support the Federal Republic of Nigeria’s membership in the African Trade Insurance Agency (ATI). This is a critical and mandatory step to enable ATI commence its operations in Nigeria. Nigeria, as Africa’s largest economy, joins 14 other African countries that have already signed up to ATI membership. Once membership...

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Bahrain Economic Development Board Attracts Investments Worth BHD314 Million in 2018
Jan08

Bahrain Economic Development Board Attracts Investments Worth BHD314 Million in 2018

The Bahrain Economic Development Board (EDB), an investment promotion agency with overall responsibility for attracting investment into the Kingdom, attracted 92 companies and investments worth BHD314 million (US$830 million) in 2018. These achievements were announced at the annual EDB Reception that was attended by strategic partners from both the public and private sectors and more than 200 investors, industry peers, and officials....

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Four fund picks for 2019 from Fidelity’s Tom Stevenson
Jan08

Four fund picks for 2019 from Fidelity’s Tom Stevenson

As 2019 gets underway, Tom Stevenson, investment director for Personal Investing at Fidelity International, picks his four funds for this year: “2018 proved to be a challenging year for investors and many investors predict more of the same in 2019. While there may be little prospect of markets rising strongly over the next 12 months, in the absence of recession (which is unlikely, I think), and with valuations far from stretched,...

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Novidea appoints new UK Managing Director as part of global expansion
Jan08

Novidea appoints new UK Managing Director as part of global expansion

Novidea, the data-driven platform provider for the insurance industry, is pleased to announce that Ben Potts has joined the company as Managing Director UK, to spearhead the company’s growth and expansion across the UK and EMEA region. Previously, Ben held various leadership and revenue-focused executive roles with Majesco, Xchanging and Jardine Lloyd Thompson (JLT). Ben brings more than 15 years of broad insurance industry...

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McKesson and Genpact Expand Their Relationship to Support McKesson’s Finance Operating Model Optimization
Jan08

McKesson and Genpact Expand Their Relationship to Support McKesson’s Finance Operating Model Optimization

McKesson, a leader in healthcare supply chain management solutions and healthcare information technology, and Genpact, a global professional services firm focused on delivering process transformation, today announced the expansion of their relationship that will advance McKesson’s finance operating model and cost structure vision. For several years, McKesson and Genpact have been developing innovative solutions to support McKesson’s...

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UNLOCK Blockchain Forum announces more than 56 Global and regional  Speakers including Blockchain Evangelist Nick Spanos
Jan08

UNLOCK Blockchain Forum announces more than 56 Global and regional Speakers including Blockchain Evangelist Nick Spanos

The UNLOCK Company DMCC, a platform that provides information, intelligence, insights and news pertaining to the Blockchain sector, is holding its second series of the UNLOCK Blockchain Forum in Dubai, UAE, on Jan. 15th and 16th, 2019, at the Ritz-Carlton Hotel, DIFC. UNLOCK which is being held in its second year has announced the participation of over 56 global and regional speakers that include prominent blockchain names such as...

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BOKIS and Nets Renew Agreement on International Payment Cards
Jan08

BOKIS and Nets Renew Agreement on International Payment Cards

BOKIS, a Danish banking collective, and Nets, a market leader in the payments industry, have extended their existing agreement on handling payments with international cards. The agreement ensures that regional and nationwide banks in the BOKIS association, comprising 40% of the Danish payment card market, can continue to benefit from an efficient and stable card infrastructure. Nets will facilitate international payment card...

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Cryptocurrency exchange Bit4.Sale chooses Secure Trading/acquiring.com for merchant services
Jan08

Cryptocurrency exchange Bit4.Sale chooses Secure Trading/acquiring.com for merchant services

Secure Trading Group announced today that they have been sought out by cryptocurrency exchange Bit4.Sale to provide payment solutions that will ensure a seamless checkout experience for their customers using 3D Secure technology. Bit4.Sale use sophisticated technologies to deliver the best customer experience so everyone wanting to buy cryptocurrencies can do it with ease. Barriers to transactions were eliminated, making them as fast...

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Combatting Card-Not-Present fraud and Secure Customer Authentication
Jan08

Combatting Card-Not-Present fraud and Secure Customer Authentication

A ‘Card-Not-Present’ transaction is when a payment is made without a cardholder physically presenting their card to the merchant. Historically these sorts of payments have been used effectively for mail and telephone orders, but now they are used more typically to complete online orders, such as e-commerce and m-commerce (In App[1]). However, Card-Not-Present transactions are the biggest routes to card fraud, as this form of payment...

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Dolfin extends Maltese operation with investment services licence upgrade
Jan08

Dolfin extends Maltese operation with investment services licence upgrade

Dolfin, the independent and agile wealth management platform, has been awarded a Category III licence, expanding its execution and post-trade services to include principal trading on the Malta Stock Exchange (MSE). With the new licence, Dolfin can now extend its brokerage offering to other market participants in Malta such as professional clients and eligible counterparties. Dolfin opened its new Malta office in April last year,...

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