LINE Acquires GrayHash to Enhance Fintech Security
Dec14

LINE Acquires GrayHash to Enhance Fintech Security

LINE Plus Corporation announced today that it has acquired GrayHash, an online security research center specializing in “offensive research” and counter-hacking techniques. With the acquisition, the Korea-based GrayHash has been renamed GrayLab and tasked with developing and optimizing security solutions for LINE’s services, including messenger, fintech, AI, blockchain and the digital asset exchange. GrayHash CEO and co-founder...

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Banking and Financial Services Sectors Set to Face Yet More Regulation in 2019
Dec14

Banking and Financial Services Sectors Set to Face Yet More Regulation in 2019

Henry Umney, CEO of ClusterSeven, offers his views on the regulatory and risk management trends in the banking and financial services industry for 2019: Brexit will confound banks in 2019, whatever the outcome The UK’s departure from the EU at the end of March will continue to have a significant impact on the banking, insurance and asset management sectors throughout 2019, almost regardless of the nature of the final departure. Brexit...

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Ecobank, the Pan African Bank, appoints MFS Africa Ltd as Digital payment partner
Dec14

Ecobank, the Pan African Bank, appoints MFS Africa Ltd as Digital payment partner

Ecobank (Ecobank.com) The Pan-African bank announced today the appointment of MFS Africa (MFSAfrica.com) as Digital payment partner enabling cross-platform payment services for Ecobank account holders. The partnership allows Ecobank customers to send and receive money to and from over 170 million mobile money users through an integration with MFS Africa that covers all Telcos in the MFS Africa Hub. The service is both domestic and...

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Wirecard provides omnichannel voucher solution for apparel manufacturer OLYMP
Dec14

Wirecard provides omnichannel voucher solution for apparel manufacturer OLYMP

Wirecard, the global innovation leader for digital financial technology, is taking over the issuing of voucher cards for OLYMP Bezner KG throughout Europe with immediate effect. The German market leader for men’s shirts uses Wirecard’s platform to offer voucher cards both physically in all OLYMP stores and in digital form via its online shop. OLYMP is thus strengthening customer loyalty and enabling an even more convenient...

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Western Union Works with TerraPay to Expand Payout Options to Millions of Mobile Wallets
Dec14

Western Union Works with TerraPay to Expand Payout Options to Millions of Mobile Wallets

Western Union, a leader in cross-border, cross-currency money movement, announces an alliance with TerraPay to enable mobile wallet and bank account payout. The alliance further expands upon Western Union’s account payout network for sending remittances directly into customers’ mobile wallets across Europe, Africa, Asia and Latin America. TerraPay’s low value payments network connects financial instruments internationally. The...

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Partnership brings together one of the world’s fastest-growing brokerages and Galileo’s industry-leading technology
Dec13

Partnership brings together one of the world’s fastest-growing brokerages and Galileo’s industry-leading technology

Galileo, a leading and trusted technology partner for fintech and payments, today announced that its technology and know-how is helping to power Robinhood Checking & Savings, unveiled this morning in a blog post from Robinhood. Galileo’s highly customizable payments infrastructure has been integrated into Robinhood Checking & Savings, which earns three percent annual interest, has no fees, and offers access to over 75,000...

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Gartner Survey Shows 27 Percent of Finance Departments Expect to Deploy Artificial Intelligence by 2020
Dec05

Gartner Survey Shows 27 Percent of Finance Departments Expect to Deploy Artificial Intelligence by 2020

A majority of finance departments expect to deploy one of several top emerging technologies by 2020, according to a worldwide survey of more than 400 organizations by Gartner, Inc. “More than a quarter of organizations surveyed expect to deploy some form of artificial intelligence (AI) or machine learning in their finance department by 2020,” said Christopher Iervolino, senior director analyst at Gartner. “Moreover, half the...

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Announcing Feedzai Risk Ledger: Leveraging Federated Data to Find and Prevent Financial Crime at Scale
Dec05

Announcing Feedzai Risk Ledger: Leveraging Federated Data to Find and Prevent Financial Crime at Scale

Feedzai announced today the release of Risk Ledger: financial crime prevention at scale using secure, federated data from Feedzai’s diverse customer base and third-party vendors. While siloed data solutions can miss illicit activity due to limited visibility, Risk Ledger makes it possible to find and stop risk earlier by detecting otherwise unnoticed fraudsters using one of the most integrated data consortia in the industry. This...

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Fintech Finance Presents: The Lendtech Show 1.02 –  will.i.am Special
Nov30

Fintech Finance Presents: The Lendtech Show 1.02 – will.i.am Special

In this episode of the Lendtech Show, we take a look at some of the methods Banks are implementing to improve their financial inclusion efforts. Atom Bank, a digital bank challenger Bank, has asked will.i.am, a multi-faceted innovator to help implement a new creative policy. Ali Paterson took the trip up to Newcastle to get the low down on this new partnership. Leda Glyptis from Fintech Insiders & 11:FS dives deeper into what...

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Fintech Finance presents: The Paytech Show 1.06: Speed, Cross border & GPI
Nov27

Fintech Finance presents: The Paytech Show 1.06: Speed, Cross border & GPI

In this episode of the Paytech Show, we find out about how cross-border payments are being revolutionised with SWIFT’s GPI network. Harry Newman, Head of Banking at SWIFT gives us the low down on how they are making the biggest development in the payments ecosystem for decades. In a digital economy, speed to market is now crucial to the financial institutions so we talk to ACI Worldwide’s Craig Ramsey – the...

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FinTECH Talents 2018 Event Summary
Nov26

FinTECH Talents 2018 Event Summary

FinTECH Talents 2018 Event Summary

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STEELEYE COMPLETES SEED ROUND FUNDRAISE OF £5.7M LED BY ILLUMINATE FINANCIAL
Nov23

STEELEYE COMPLETES SEED ROUND FUNDRAISE OF £5.7M LED BY ILLUMINATE FINANCIAL

SteelEye, the compliance technology and data analytics firm, today announced that it has completed a £2.9m fundraise extension led by capital markets venture capital firm, Illuminate Financial, bringing the total seed funds raised to £5.7m. The funding will help drive the expansion of SteelEye’s products and services and its ability to serve a growing client base during a time of rapid regulatory change. SteelEye’s innovative cloud...

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Finastra opens new office in Bucharest, Romania
Nov23

Finastra opens new office in Bucharest, Romania

Finastra announced today that it has opened a new office in Bucharest, Romania. The site, which hosts over 550 employees and contractors, is located in the brand new Orhideea Towers in the business district of Bucharest. The move offers more space for the Finastra team to grow as the company strengthens its position in the country, and provides an ultra-modern workspace to inspire creativity and facilitate collaboration. The office in...

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The First Shariah Compliant Section 12J Fund in SA
Nov23

The First Shariah Compliant Section 12J Fund in SA

According to the Morningstar Fund Rating Agency’s statistics, the top three Shariah Compliant Unit Trust Funds in South Africa – with a combined market capitalization of more than R10bn- have performed relatively poorly over the last five years with average annualised returns of 3.9%, 4.7% and 7% respectively. Moreover, investing directly into these Unit Trusts does not offer investors any income tax breaks. About to change...

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Gibraltar Blockchain Exchange Awarded Licence by Gibraltar Financial Services Commission
Nov23

Gibraltar Blockchain Exchange Awarded Licence by Gibraltar Financial Services Commission

The Gibraltar Blockchain Exchange, the token sale platform and Digital Asset Exchange, which is also a subsidiary of the Gibraltar Stock Exchange (GSX), has been awarded a full Distributed Ledger Technology (DLT) licence by the Gibraltar Financial Services Commission (GFSC). The awarding of the licence follows completion of a rigorous application process and means that the GSX has become the first stock exchange to own a fully...

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UK fintech Smart Pension developing ‘financial well-being’ solution powered by Envizage holistic guidance engine
Nov23

UK fintech Smart Pension developing ‘financial well-being’ solution powered by Envizage holistic guidance engine

UK fintech pension provider Smart Pension has announced it is developing an intuitive online ‘financial well-being’ solution to help people make informed decisions about their money and enable them to achieve a financially secure future. Incorporating elements of e-learning, and in collaboration with UK holistic guidance engine Envizage, the household life planning application will use Envizage’s data-driven future analytics...

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creditshelf continues growth course in the third quarter of 2018
Nov23

creditshelf continues growth course in the third quarter of 2018

reditshelf Aktiengesellschaft, a pioneer in the field of digital SME financing in Germany, published its figures for the third quarter of 2018 today. creditshelf was able to continue its growth course from the first half of the year and increased revenues to EUR 1.5 million in the first nine months of 2018 (previous year: EUR 0.7 million). The loan volume brokered, which nearly doubled from EUR 15.4 million as of June 30, 2018, to EUR...

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Coventry Building Society launches five-year multimillion-pound redesign of its branch network
Nov23

Coventry Building Society launches five-year multimillion-pound redesign of its branch network

Coventry Building Society, a UK top ten savings and mortgages provider, has launched a branch redesign programme which will see the Society invest significantly in its network over the next five years. The news comes at a time when Which? reports that the UK has lost almost two thirds of its bank branches in the last 30 years. 1 Coventry Building Society is bucking the trend with a substantial investment to create a more spacious,...

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VLOG! LendIt Europe 2018
Nov23

VLOG! LendIt Europe 2018

VLOG! LendIt Europe 2018

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iwoca organises Manchester Piccadilly flash mob to illustrate small business juggling act
Nov22

iwoca organises Manchester Piccadilly flash mob to illustrate small business juggling act

iwoca, the UK’s fastest growing small business lender, today surprised commuters at Manchester Piccadilly station with a flash mob-style juggling performance to illustrate the daily hassles facing the owners of Britain’s 5.6 million small businesses, especially at a time of great uncertainty caused in part by a directionless Brexit. Appearing amongst a surprised crowd in Manchester Piccadilly station, a performer juggled an...

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Matica releases updated desktop embosser at TRUSTECH 2018
Nov22

Matica releases updated desktop embosser at TRUSTECH 2018

Matica Technologies AG will release its updated financial desktop embosser, S3300e, at TRUSTECH 2018, the global exhibition that brings together the world’s secure technologies and applications. With its newly designed drum and tipping module, which embosses instantly pre-printed cards at branch level, this financial desktop embosser has never been so secure. Conceived by deploying Matica’s reliable embossing technology at the center...

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Experian unveils new innovative Open Banking services
Nov22

Experian unveils new innovative Open Banking services

Experian has launched a new set of advanced Open Banking services. Affordability Check and Tennant Vetting Service are both innovations which will empower consumers to better understand and take control of their finances, while offering businesses the insight to deliver improved products and services. Experian is the only one of the UK’s main credit reference agencies to be an FCA accredited Account Information Services Provider...

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InstaReM announces the first close of one of the largest Series C rounds [US $45m] in Southeast Asian history
Nov22

InstaReM announces the first close of one of the largest Series C rounds [US $45m] in Southeast Asian history

InstaReM, Southeast Asia’s hottest digital cross-border payments company, has announced one of the most significant Series C funding rounds in Southeast Asian history. The company’s spectacular growth has secured a first close of more than US$ 20 million, led by new investors MDI Ventures (the VC arm of Indonesia’s Telkom) and Beacon Venture Capital (the VC arm of Thailand’s KASIKORNBANK) and supported by existing investors Vertex...

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AIB first with industry standard Open APIs in Ireland
Nov22

AIB first with industry standard Open APIs in Ireland

AIB has launched Ireland’s first industry standard* Open Application Programming Interfaces (APIs). This technology now allows customers to benefit from secure trusted technology from third party providers (TPPs), once they give their permission to do so. Open APIs are a proven way to allow trusted TPPs to access, should the customer choose, their financial data in order to offer the customer a banking service directly, meaning...

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Banco Original Chooses FICO to Launch 100% Digital Platform
Nov22

Banco Original Chooses FICO to Launch 100% Digital Platform

Banco Original, the first Brazilian bank to offer a 100% digital checking account, has chosen FICO as its strategic partner to launch its digital platform. The financial institution, based in São Paulo, aims to create a safe and simplified origination process to reduce bureaucracy while keeping up safety. To that end, the bank acquired FICO® Origination Manager and FICO® Application Fraud Manager to manage credit operations and...

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80% of European Magento websites at risk from hackers due to simple security oversight
Nov22

80% of European Magento websites at risk from hackers due to simple security oversight

Security web scans and analysis on over 80,000 European Magento websites – the most popular e-commerce platform globally -reveal 80% are at risk from cyber criminals, according to leading global cybersecurity experts. The latest survey carried out by Foregenix in October identifies the most significant vulnerability for European SMEs is hackers looking to exploit the absence of critical security patches. Global cybersecurity...

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SAS and ThreatMetrix team up to fight identity fraud
Nov22

SAS and ThreatMetrix team up to fight identity fraud

Analytics giant SAS has joined forces with leading digital identity solutions provider ThreatMetrix®, a LexisNexis® Risk Solutions Company. The alliance will help creditors better establish the “who” behind online credit applications, giving them a new edge in rooting out fraud, identity theft and synthetic identities. Today’s consumers expect to apply for credit at any time and from anywhere. To deliver optimal customer experience,...

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Strong investor backs Splitgrid as they look to take in Million dollar sums
Nov22

Strong investor backs Splitgrid as they look to take in Million dollar sums

FinTech company Splitgrid takes in new capital. The goal is to take in $500K – $1,100K that the company may grow and scale the product internationally, with Scandinavian countries as the first step down the road. “The purpose for this investment is to accelerate the development of our company. The power from it will be put towards sales and marketing, though our product will obviously be developing alongside such. Our initial...

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SEBA Crypto AG & Loomis International Join Forces to Build Deep Cold Storage for Crypto Assets
Nov22

SEBA Crypto AG & Loomis International Join Forces to Build Deep Cold Storage for Crypto Assets

SEBA Crypto AG & Loomis International have announced a partnership to build a TEMPEST Level A Deep Cold Storage offering for digital assets. SEBA aims to offer Custody services to institutions, corporates and individuals seeking licensed and supervised storage of crypto assets. Custody services facilitate access to and participation in global financial markets and SEBA aims to deliver these services for the crypto economy. Loomis...

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Kotak Introduces Limited Edition Ranveer Singh Debit Card
Nov22

Kotak Introduces Limited Edition Ranveer Singh Debit Card

Kotak Mahindra Bank (Kotak) today announced the launch of a limited edition debit card featuring its brand ambassador – Ranveer Singh. The celebrity image debit card, a first-of-its-kind in the country, gives customers and fans of the actor the option to choose from six images of the Bollywood superstar. The six card designs are displayed on the Kotak My Image Gallery – http://kotak.com/myimagecard/. The card will be...

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VLOG: starting Payments Race… AND SIBOS AND M2020… on the same week!
Nov21

VLOG: starting Payments Race… AND SIBOS AND M2020… on the same week!

VLOG: starting Payments Race… AND SIBOS AND M2020… on the same week!

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Vlog: Backbase Connect 2018!
Nov21

Vlog: Backbase Connect 2018!

Our own Chloe Butler travels to Amsterdam to cover Backbase Connect 2018

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ARYZE partners with AmaZix to move stablecoins into mainstream market
Nov21

ARYZE partners with AmaZix to move stablecoins into mainstream market

ARYZE, the best Danish Fintech Startup of 2018, has announced its partnership with AmaZix, the community engagement platform. The collaboration will help improve and maintain ARYZE’s community channels, as it continues to make ground-breaking progress in the digital currencies market. As a well-recognized startup in the fintech sector, ARYZE issues fully redeemable stablecoins backed by and pegged to traditional assets. Its aim is to...

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Avelacom Opens New Singapore Office
Nov21

Avelacom Opens New Singapore Office

Avelacom, the high-performance connectivity and IT infrastructure solutions provider for the financial services industry, today announced that it has opened a new office in Singapore, managed by Gabriel Bassas, VP Sales for APAC. In the past year Avelacom has seen double-digit growth in new business volumes coming from the APAC region, driven by clients demanding professional-grade connectivity services between APAC venues and...

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Rosette Merchant Bank Launches Islamic Capital Markets Offering
Nov21

Rosette Merchant Bank Launches Islamic Capital Markets Offering

Rosette Merchant Bank (Rosette) is pleased to announce the launch of a new Alternative Funding Solutions Division. The division will specialise in providing advice and structuring solutions to Local Authorities and Housing Associations on the utilisation of Islamic Alternative Finance Investment Bonds (AFIBs) as an alternative source of funding. AFIBs are a type of ethical financial instrument commonly known as Sukuk or an Islamic...

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equensWorldline successfully launches TIPS Gateway service
Nov21

equensWorldline successfully launches TIPS Gateway service

equensWorldline SE, a subsidiary of Worldline [Euronext: WLN], the European leader in the payments and transactional services industry, successfully launched its TIPS Gateway service, with several internationally operating tier 1 and tier 2 banks going live in the first half of 2019. With the equensWorldline TIPS Gateway service, banks have the benefit of a single interface for Instant Payments for both the equensWorldline Instant...

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Giving substance to the hype: Digital Catapult reveals strength and depth of British blockchain industry
Nov21

Giving substance to the hype: Digital Catapult reveals strength and depth of British blockchain industry

The most in-depth market research report to date mapping the UK’s distributed ledger technologies (DLT) landscape has revealed the potential of this nascent technology to disrupt industries across the country. New research from Digital Catapult, the UK’s leading advanced digital innovation centre, discovered a vibrant ecosystem active across a wide range of sectors, with British companies at different stages of development and...

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Starling Bank launches CASS compliant accounts helping firms manage third-party funds
Nov21

Starling Bank launches CASS compliant accounts helping firms manage third-party funds

Starling, the leading digital bank, is launching Client Money Accounts to provide more secure, efficient and compliant account management for professional practices that hold money on behalf of clients. The accounts, delivered under the Client Assets Sourcebook (CASS) framework by Starling’s Banking Services unit, are suitable for regulated firms such as investment management platforms, solicitors, law firms, investment...

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TANDEM TOP ONE YEAR TABLES WITH SAVINGS RATE BOOST
Nov21

TANDEM TOP ONE YEAR TABLES WITH SAVINGS RATE BOOST

Today, Tandem Bank announces that it is upping the interest rates on its fixed term saver accounts for a second time. These accounts pay market leading interest to patient savers who are happy to set aside money for one, two, or three years.David Goodwin, Deposits Manager at Tandem Bank, says, “We’ve seen an incredible response to our fixed term savers since we launched them back in April. They’re bringing newcomers to Tandem...

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Yandex.Checkout provides online stores with Google Pay
Nov21

Yandex.Checkout provides online stores with Google Pay

Over 90,000 Yandex.Checkout’s partners can now accept payments via Google Pay without any additional development required: the payment method becomes available to them as they send a request for it. This year there has been a substantial grow in the number of Russian online payers preferring contactless payments: according to a Mediascope 2018 report, this rate has increased from 10.2% in 2017 to 36.3% in 2018. “Nowadays, customers...

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FINCA Impact Finance goes live with Finastra to meet regulatory standards
Nov21

FINCA Impact Finance goes live with Finastra to meet regulatory standards

Finastra announced today that FINCA Impact Finance, a global network of 20 community-based microfinance institutions and banks, has gone live with Fusion Risk to improve its short-term regulatory compliance and reporting in line with the International Financial Reporting Standard 9 (IFRS9). Implemented in partnership with Neoflex, a leading Russian IT services company, Fusion Risk is also expected to optimize the bank’s day-to-day...

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Trulioo advocates global solution for world’s unbanked as MTN applies for mobile banking licence
Nov21

Trulioo advocates global solution for world’s unbanked as MTN applies for mobile banking licence

As part of their latest project, MTN, the top African telecoms operator is preparing to apply for a mobile banking license in Nigeria. This is the latest push by the Nigerian central bank to increase access to basic financial services. Currently, one-third of Nigeria’s entire population, more than 60M people, do not have bank accounts. Globally there are around two billion people without access to any financial services. This is...

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Deposit Solutions announces expansion into the United States having surpassed 10 billion euros in transmitted savings deposits on European B2C channels
Nov21

Deposit Solutions announces expansion into the United States having surpassed 10 billion euros in transmitted savings deposits on European B2C channels

Deposit Solutions, the Open Banking pioneer and leading international platform for savings deposits, today announces that it is expanding its operations into the USA. The international expansion comes on the back of the business surpassing EUR 10 billion in transmitted deposits through its direct B2C brands ZINSPILOT and Savedo. Deposit Solutions has appointed Philipp von Girsewald as CEO USA to lead the company’s expansion into the...

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Laxton to launch the Chameleon Product Range of Rugged, Multi-Modal Biometric Tablets, Handhelds and Desktop devices at Trustech 2018
Nov21

Laxton to launch the Chameleon Product Range of Rugged, Multi-Modal Biometric Tablets, Handhelds and Desktop devices at Trustech 2018

LAXTON, a global leader in providing ELECTION, IDENTITY & SELFSERVICE solutions, is pleased to announce that it will be launching the new CHAMELEON range of rugged, multi-modal biometric products at Trustech 2018. Laxton’s stand will be located at Trustech booth RIVIERA K 025 from 27 to 29 November 2018 at the Palais des Festivals in Cannes, France. The CHAMELEON is a range of the most ADAPTABLE biometric handhelds, tablets, and...

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Helen Bierton appointed Head of Retail Banking at Starling Bank
Nov21

Helen Bierton appointed Head of Retail Banking at Starling Bank

Starling Bank, the leading mobile-only bank, today announces the appointment of Helen Bierton as Head of Retail Banking. Helen brings with her 24 years of experience in banking. She represented Great Britain in archery at the Athens Olympics in 2004 and went on to lead a distinguished career in financial services. She joins Starling from Santander, which she joined in 2007, where she was Head of Current Account Acquisition, Mortgage...

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Saxo Bank launches new platform for investors in Denmark
Nov21

Saxo Bank launches new platform for investors in Denmark

Saxo Bank, the leading Fintech specialist focused on multi-asset trading and investment, launches a new user-friendly and simpler platform tailored to the growing segment of investors. Today, Saxo Bank launches SaxoInvestor, a new platform that gives the growing investor segment the opportunity to build long-term portfolios across stocks, bonds, mutual funds, ETFs, and SaxoSelect portfolios. The platform is initially launched in...

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$2.6 Billion Investment in Insurtech Helps Drive Fintech Boom as Companies Adapt in ‘Survival of the Fittest’
Nov20

$2.6 Billion Investment in Insurtech Helps Drive Fintech Boom as Companies Adapt in ‘Survival of the Fittest’

The Insurtech M&A Market Report from international technology mergers and acquisitions advisors, Hampleton Partners, reveals that 2018 global fundraising for insurtech start-ups has already reached an all-time high in volume with 204 deals and transaction values of $2.6bn, close to the 2015 peak of $2.7bn. Since 2016 the insurtech sector has reported 151 transactions, with 22 buyers making more than one acquisition. Strategic...

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WHIRL launches new crowdfunding platform with a social mission
Nov20

WHIRL launches new crowdfunding platform with a social mission

An all-star team of nonprofit, blockchain, and crowdfunding veterans, including Roel Wolfert (Bancor, VISA) and Martijn Hekman (World Vision, United Nations), is thrilled to announce the launch of WHIRL, a socially driven crowdfunding platform that’s built on the blockchain. Located at www.whirl.com, WHIRL gives the world a new way to finance their dreams and obligations, while introducing a revolutionary incentive system to...

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E-Money institutions offer banks a way into crypto
Nov20

E-Money institutions offer banks a way into crypto

E-money institutions – sometimes referred to as challenger banks – represent an important route to helping traditional banks break into the crypto space, says leading cryptocurrency exchange BeQuant. A recent report published by the government’s Cryptoassets Taskforce shows how increased regulation is improving the credibility of cryptocurrencies. This is accompanied by Bulge Bracket investment bank Morgan Stanley publicly...

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Refinitiv Provides KYC Automation For Cryptocurrency Exchange Binance
Nov20

Refinitiv Provides KYC Automation For Cryptocurrency Exchange Binance

Refinitiv, formerly the Financial & Risk business division of Thomson Reuters, will provide an automated Know Your Customer (KYC) application to Binance, the world’s largest cryptocurrency exchange by adjusted trade volume. Effective KYC tools are becoming a critical need for the cryptocurrency industry with the increasing demand for regulatory oversight. The solution will enable Binance to integrate the advanced functionalities...

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