Julie Harris, Bank of America Merrill Lynch on technology
Dec10

Julie Harris, Bank of America Merrill Lynch on technology

We speak with Julie Harris, Bank of America Merrill Lynch about what will new technology mean for them.

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SAGA ANNOUNCES THE OFFICIAL LAUNCH OF THE SGA TOKEN
Dec10

SAGA ANNOUNCES THE OFFICIAL LAUNCH OF THE SGA TOKEN

Saga today announces the launch of the Saga token (SGA), the first global, stabilised, digital currency controlled by its holders. SGA allows global citizens to store and move value without friction across borders. SGA complements existing national currencies and offers a store of value outside the remit of national government and banking structures – a need accelerated by the speed of globalisation. Working in collaboration...

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DBS Wealth Management expands strategic partnership with Avaloq to enhance client experience
Dec10

DBS Wealth Management expands strategic partnership with Avaloq to enhance client experience

The bank will build on Avaloq’s platform to refine client solutions and accelerate its technology-led growth plans DBS Wealth Management is the wealth management arm of DBS Bank (“DBS”), a leading financial services group in Asia. An early adopter of digital transformation and innovation, DBS has since become one of the world’s most digital-focused financial institutions. DBS is at the forefront of leveraging technology to shape the...

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BLIK ready for Request for payment technological revolution
Dec10

BLIK ready for Request for payment technological revolution

The Polish Payment Standard (PSP) received the consent of the National Bank of Poland to introduce the “Request for payment” solution as part of the BLIK Payment Scheme. In the first quarter of 2020, the first banks will make available “Request for payment” to their customers based on new possibilities of the system managed by PSP. Interbank “Request for payment” is a solution currently being developed by payment scheme...

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Following the announcement of its newly-opened Birmingham hub, OakNorth Bank completes £750k deal with Bright Minds Daycare
Dec10

Following the announcement of its newly-opened Birmingham hub, OakNorth Bank completes £750k deal with Bright Minds Daycare

Launched in 2017, Bright Minds owns four nurseries across Birmingham with capacity for 330 children ranging from infants as young as six weeks through to pre-school children; Childcare has been a somewhat recession-proof industry in the UK, growing at 3.7 percent annually over the last decade; Birmingham is set for prime growth in the sector in the future, with 40 percent of the population under the age of 25; OakNorth recently...

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QuantHouse onboards cash cryptocurrency data via DVeX
Dec10

QuantHouse onboards cash cryptocurrency data via DVeX

QuantHouse, the global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure products and part of Iress (IRE.ASX), today announced that real-time and historical data for cash cryptocurrency pairs will be made available through QuantHouse’s single API via DVeX. DVeX is the electronic digital asset exchange owned and operated by DV Chain, part of the DV...

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One month to go for new AML rules: SmartSearch calls on government to act
Dec10

One month to go for new AML rules: SmartSearch calls on government to act

With new EU anti-money-laundering (AML) rules due to be implemented exactly one month today, SmartSearch chief executive John Dobson has penned an open letter to the Chancellor of the Exchequer urging the government – whoever takes office after Thursday’s general election – to publish the final regulations without further delay to give firms the certainty they need to prepare. The EU’s Fifth Money Laundering Directive (5MLD) came into...

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Signavio Launches Powerful Process Mining Solution for Banking Organizations
Dec10

Signavio Launches Powerful Process Mining Solution for Banking Organizations

Signavio, a leading provider of business transformation solutions, today announced the release of the Signavio Business Transformation Suite for banking and financial services, designed to help finance-focused organizations transform their operations through modern process management. In recent years, the banking and finance sectors have undergone major operational changes through new regulations and the catalysts of digital...

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CoinBurp CEO to say ‘crypto’ 100,000 times for Christmas homeless charity campaign
Dec10

CoinBurp CEO to say ‘crypto’ 100,000 times for Christmas homeless charity campaign

Peter Wood, CEO for CoinBurp, the cryptocurrency trading platform, will today be saying the word ‘crypto’ 100,000 times while on a livestream via YouTube. Money will be raised in Bitcoin (BTC) and Ethereum (ETH) during the livestream, which is taking place from 10am to 10pm today, and donations can be made on CoinBurp’s website, here. CoinBurp will be matching one per cent of all charitable donations. They will also be matching one...

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Elavon and Santander UK renew longstanding alliance
Dec10

Elavon and Santander UK renew longstanding alliance

Elavon, a leading global payments provider and subsidiary of U.S. Bancorp, and Santander UK have renewed an exclusive partnership to provide payments acquiring and eCommerce solutions to Santander’s customers for another five years. Since 2004, Elavon and Santander have worked together to offer payments solutions to businesses throughout the United Kingdom. With a focus on innovation, the partnership brings additional investment in...

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FintechOS Raises GBP 10.7 million (USD 14 million) Series A for Global Expansion
Dec10

FintechOS Raises GBP 10.7 million (USD 14 million) Series A for Global Expansion

FintechOS, the next generation of hyper-personalised, automated financial technology, announced today it has secured GBP 10.7 million (USD 14 million) of Series A investment. The funding was led jointly by Earlybird’s Digital East Fund and OTB Ventures, with participation from existing investors Gapminder Ventures and Launchub. FintechOS empowers traditional banks and insurance companies to adapt to rapidly changing customer...

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Reuters Events claims pole position with new Auto Insurance event
Dec09

Reuters Events claims pole position with new Auto Insurance event

What a time to work in Auto insurance! The stakes have never been higher, have they? To secure market reputation and deliver personalized product and seamless claims, carriers are tearing up the rule book and it’s exciting to see first-hand. Why? Undoubtedly OEMs have changed the game. By providing high volume, quality data, and therefore insight on customers and their driving behaviours, customers’ expectations on what ‘insurance’...

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Centana Growth Partners Closes Oversubscribed $375 Million Second Fund
Dec09

Centana Growth Partners Closes Oversubscribed $375 Million Second Fund

Firm to expand its investments in innovative, high-growth companies across the financial services ecosystem Centana Growth Partners, a specialized growth equity firm focused on the future of financial services, today announced the closing of its second fund, Centana Growth Partners II, L.P. (“Fund II”) with capital commitments from limited partners of $375 million. Fund II was oversubscribed and closed at its hard cap.  Fund II is the...

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Keesing Technologies’ Customer Onboarding Solution Now Live
Dec09

Keesing Technologies’ Customer Onboarding Solution Now Live

Keesing Technologies, the leading global identity verification provider, announces the release of its new ID verification solution for remote customer onboarding. The solution, which comes as a web API, is part of the cutting-edge AuthentiScan product suite and helps organisations achieve regulatory compliance while streamlining their customers’ onboarding journey.  Accuracy, ease-of-use and reliability are key features of the new...

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Spending made simple – new NatWest app features give customers more control over their money
Dec09

Spending made simple – new NatWest app features give customers more control over their money

New features in app now let customers track spending, putting them in control The ‘spending’ tab in the app now shows customers what they’re spending their money on from nights out to morning coffees Automatic categorisation will let them see how much they’re spending each month on bills, transport or entertainment Customers using the NatWest app will now be able to easily see where their money is going with the new ‘spending’ tab...

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Secure Trust Bank deploys Jaywing’s ‘explainable’ AI for application scoring – a UK first
Dec09

Secure Trust Bank deploys Jaywing’s ‘explainable’ AI for application scoring – a UK first

Secure Trust Bank has become the first UK lender to complete live deployment of credit application models built using Archetype, the proprietary ‘explainable’ AI-driven software of credit scoring and AI experts, Jaywing. The Archetype software generated a significant uplift in predictive power compared to a traditional linear model and is projected to provide substantial reductions in bad debt over the first year and beyond. The...

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Andi Dominguez, Quadient on digital customer experience
Dec09

Andi Dominguez, Quadient on digital customer experience

We speak with Andi Dominguez, Quadient about the digital customer experience being important for insurers than it is for banks.

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13th New Age Banking Summit to be held in Qatar in February 2020
Dec09

13th New Age Banking Summit to be held in Qatar in February 2020

The 13th edition of the New Age Banking Summit, a leading platform for the banking and fin-tech sector in the Middle East, will be held in Doha, Qatar, on February 12, 2020, with the participation of nearly 200 bankers and technology leaders. Qatari banks remain highly profitable, with rising customer deposits, assets and loans, and advances. However, challenges and risks remain.  Innovation and forward-thinking remain key factors for...

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LINE Pay Taiwan Forms “Cross-Border Mobile Payment Alliance” with 6 Major International Payment Brands
Dec09

LINE Pay Taiwan Forms “Cross-Border Mobile Payment Alliance” with 6 Major International Payment Brands

Mobile payment services in Taiwan are rapidly going international. LINE Pay Taiwan and iPASS Corporation announced on Tuesday a collaboration with LINE Pay Japan, Rabbit LINE Pay (Thailand), Naver Financial (Korea), and NHN PAYCO (Korea) to launch cross-border payment services. Titled the “Cross-Border Mobile Payment Alliance,” the collaboration will allow people from Japan, Korea and Thailand to use their local mobile payment...

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Coconut changes the game with first bookkeeping tool designed around the modern banking experience
Dec09

Coconut changes the game with first bookkeeping tool designed around the modern banking experience

Coconut, the smart accounting app designed specifically for self-employed people, has integrated Open Banking into its offering meaning millions of people around the UK can now make use of its powerfully automated bookkeeping and tax tools, regardless of where they bank. Self-employed people and small business owners who have a current account or credit card with any of the 20 major high street and challenger banks will be able to...

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Trulioo Extends Identity Verification Coverage in Africa with Nigeria and Ghana
Dec09

Trulioo Extends Identity Verification Coverage in Africa with Nigeria and Ghana

Addition of Nigeria, Africa’s most populous country, and Ghana helps remove barriers to financial services for nearly 220 million people through the Trulioo GlobalGateway API Trulioo, the leading global identity verification provider, today announced that it is now able to verify customers in Nigeria and Ghana through GlobalGateway, its marketplace of identity data and services. GlobalGateway coverage in Nigeria and Ghana will help...

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Charles Damen, FIS on payment methods
Dec09

Charles Damen, FIS on payment methods

We speak with Charles Damen, FIS about the difficulties of processing a multitude of payment methods.

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Banking and financial services professionals consistently overworked despite high levels of flexible working
Dec09

Banking and financial services professionals consistently overworked despite high levels of flexible working

Banking and financial service professionals are having to work harder to pay the bills, with the vast majority (94%) working beyond their contracted hours on a weekly basis and almost half (47%) either not leaving the office or taking a break at lunchtime according to Morgan McKinley’s Working Hours and Flexibility reports. 20% of professionals employed in the banking and financial services sector claim to work beyond their contracted...

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5 Tips for Dealing with Unpaid Medical Debt
Dec09

5 Tips for Dealing with Unpaid Medical Debt

Access to healthcare is incredibly important — it seems nearly everyone has experienced at least one medical issue requiring attention from professionals. If you’ve ever visited an emergency room, undergone a medical procedure or paid for medication, you know how pricey healthcare can be. Everyone, even health insurance policyholders, can potentially end up facing hundreds or thousands of dollars in medical expenses. In fact, research...

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Nucoro completes its first wealth management project in the insurance sector
Dec09

Nucoro completes its first wealth management project in the insurance sector

Nucoro, the Fintech company providing bespoke white-labelled technology focused on delivering wealth management solutions to third parties, has announced it has completed its first project in the insurance sector.  It was appointed in Q1 2019 by the Swiss insurance broker Swiss Risk & Care (SRC) to help it develop a wealth management service to offer its 200,000+ customers, which went live in Q3 2019. Within just a few months of...

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Nets Trials Face Payments in Copenhagen
Dec09

Nets Trials Face Payments in Copenhagen

With the tagline ‘Hungry? Face it’, Nets, a leading provider of digital payment services across Europe, has launched a pilot programme testing facial recognition as a payment method. Around 1,000 people – all working at Vibenshuset, an office community of 25 companies in Copenhagen – can sign up to participate in the pilot. By linking their face with their employee ID card, they can now pay for their lunch using their face at Kokkenes...

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GoCardless Chooses Accuity Payments Data to Accelerate Growth into US Market
Dec09

GoCardless Chooses Accuity Payments Data to Accelerate Growth into US Market

Accuity, the leading global provider of financial crime screening, payments and know your customer (KYC) solutions, today announced that GoCardless, the leading global fintech for recurring payments, is using the Bankers Almanac Payments Data solution from Accuity to create a frictionless customer journey for businesses to collect payments in the world’s largest market. The reliable and comprehensive ABA routing number information...

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Paysend secures money services business license in Canada
Dec09

Paysend secures money services business license in Canada

Paysend will help more than 8 million foreign workers, migrants and international students in Canada by making money transfers simple, quick and at a low fixed fee Paysend, the UK-based fintech business, has secured a licence to operate in Canada, expanding its worldwide footprint for its global money transfers service. Paysend will launch the service to Canadian consumers early in 2020. Obtaining the money service business (MSB)...

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Fintech Finance Presents: The Paytech Show 2.16 – Keeping it Realtime Payments
Dec09

Fintech Finance Presents: The Paytech Show 2.16 – Keeping it Realtime Payments

In this episode of The Paytech Show, it’s all about getting real with Real-Time Payments. So at Sibos, we sat down with Julie Harris the Global Banking Digital Strategy, Bank of America who are one of the institutional leaders in this technology and Craig Ramsey, the Payments regular from ACI Worldwide to get the...

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Asset Control Wins Major Sell-Side Data Management Award
Dec09

Asset Control Wins Major Sell-Side Data Management Award

Asset Control, a leading solutions provider for financial data management, has been awarded Best Sell-Side Data Management Platform at this year’s Data Management Insight Awards, hosted by A-Team Group. Asset Control’s award, which was voted for by readers of A-Team’s Data Management Insight, was presented at a ceremony in London on Friday December 6th. The award comes at a time when the sell-side is facing new market data...

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Javed Anjum, GLORY on the trend of non-branch locations
Dec09

Javed Anjum, GLORY on the trend of non-branch locations

We speak with Javed Anjum, GLORY about the trend of non-branch locations being used as branches.

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UK SMEs stretched further by late payments
Dec09

UK SMEs stretched further by late payments

The latest MarketFinance Business Insights1 charts late payment trends between 2013 and 2019, analysing over 100,000 invoices. The data sheds light on how long SMEs are waiting to be paid, how late these payments were and the impact. The analysis suggests that businesses typically agree 45-day payment terms from completion of work or delivery of goods. Despite this, almost two-fifths (39%) of invoices issued in 2019 (worth over £34b2)...

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BNY Mellon and SimCorp Partner to Deliver Optimized Data Integration and Transparency through Open Architecture
Dec09

BNY Mellon and SimCorp Partner to Deliver Optimized Data Integration and Transparency through Open Architecture

The Bank of New York Mellon Corporation (“BNY Mellon”) and SimCorp today announced a collaboration that connects BNY Mellon’s range of custody capabilities – including settlement, safekeeping, and cash and securities services – with SimCorp’s integrated front-to-back investment management system, SimCorp Dimension®. The new connectivity provides mutual clients globally with enhanced operational efficiency and transparency in core...

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IDnow integrates eID service from AUTHADA into its platform
Dec09

IDnow integrates eID service from AUTHADA into its platform

 IDnow, provider of Identity-Verification-as-a-Service solutions, is pleased to announce the addition of AUTHADA’s NFC-based eID solution to its product portfolio. From the beginning of 2020, the IDnow platform will be expanded to include the eID service. In addition to video identification and the AI-based AutoIdent solution, IDnow will offer IDnow eID, a quick and user-friendly way to identify people using the online...

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Fintech Sonovate reaches £1 billion in funding, fuelling growth of freelance economy
Dec09

Fintech Sonovate reaches £1 billion in funding, fuelling growth of freelance economy

The UK’s leading finance and back-office tech provider to companies using contingent workers reaches funding milestone Fintech disruptor, Sonovate, has provided over £1 billion in funding to businesses, funding contract workers across 39 countries since launch. Created to challenge traditional invoice finance products on offer from the banks, Sonovate has become a backbone of the UK freelance economy, helping companies using...

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Starling Bank broadens its business Marketplace with the introduction of Sparqa Legal, the digital lawyer
Dec09

Starling Bank broadens its business Marketplace with the introduction of Sparqa Legal, the digital lawyer

Starling Bank has added the first legal services partner to its rapidly growing business Marketplace, putting affordable legal services at the fingertips of its 88,000 small business customers. Sparqa Legal, the latest arrival in the Starling Marketplace, has been designed by leading UK barristers and solicitors to provide the expert help and guidance to allow businesses to cut their costs, by reducing their reliance on traditional...

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OakNorth Bank provides funding to facilitate equity deal for Bolton-based Aptus Utilities – one of the UK’s leading providers of multi-utility services
Dec09

OakNorth Bank provides funding to facilitate equity deal for Bolton-based Aptus Utilities – one of the UK’s leading providers of multi-utility services

Bolton-based Aptus Utilities provides a multi utility solution that streamlines and expedites building processes for construction companies throughout the UK; The company has also seen Private Equity Firm, WestBridge invest £12.8m into the deal; Previously named in The Sunday Times ‘Virgin Fast Track 100’ and the London Stock Exchange’s ‘1000 Companies to Inspire Britain’, Aptus has secured over 1,300 contracts from firms based across...

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Results-Driven Claims Innovation: Unlock the Real Value of Claims Tech with AIG, Ameriprise and Metromile
Dec06

Results-Driven Claims Innovation: Unlock the Real Value of Claims Tech with AIG, Ameriprise and Metromile

In an age where customers are demanding their Insurance Carrier be more like Amazon or PayPal with a smooth, touchless customer experience, Insurance Carriers face multiple obstacles to satisfying this demand. Chief among them is the overwhelming multitude of technologies available to reach that touchless claims goal.  77% of insurance carriers will invest in automation in the next few years to achieve seamless claims. The incredible...

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RegTech: Optimising the role of the Compliance Officer
Dec06

RegTech: Optimising the role of the Compliance Officer

By Ralf Huber, Co-Founder, Legal & Compliance at Apiax The role of a Compliance Officer is indeed a complex one. The International Compliance Association describes its purpose as “ensuring that all business activities are carried out within the regulatory framework”. Alongside, solutions and advice given need to reflect the company objectives and make good business sense, blocking risky moves and identifying opportunities...

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Dirk Haubrich, EBA on SCA setting European industries apart
Dec06

Dirk Haubrich, EBA on SCA setting European industries apart

We speak with Dirk Haubrich, EBA about SCA setting European industries apart.

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Connective Payments breidt uit met Jil Ebanoidze als Associate Partner, Order-To-Cash en Digital Transformation
Dec06

Connective Payments breidt uit met Jil Ebanoidze als Associate Partner, Order-To-Cash en Digital Transformation

Jil Ebanoidze treedt toe tot ConnecTve Payments als Associate Partner, Order-To-Cash en Digitale TransformaTe. Naast een breed internaTonaal netwerk brengt Jil unieke kennis en prakTsche ervaring met de ontwikkeling van ecosystemen voor marktplaatsen, digitale facturering en stroomlijning van betaalprocessen mee. Zij heeO meer dan 15 jaar werkervaring bij wereldwijd opererende e-commerce bedrijven, waaronder OLX Group (Naspers), eBay...

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CyFrica 2020: Accelerating Cyber Security for a Safer Africa
Dec06

CyFrica 2020: Accelerating Cyber Security for a Safer Africa

Tradepass has launched CyFrica (Cyber Africa Summit) 2020, scheduled to take place on 25 – 26 February 2020 in Lagos, Nigeria. With technology adoption continuing to rise in Africa and use of digital platforms experts are of the opinion that Africa has become fertile ground for cybercrime. To elaborate, BFSI sector accounts for nearly one-fourth of the continent’s losses to cybercrime, followed by government bodies, e-commerce,...

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Africa BFSI Innovation Summit 2020: Transforming Innovation for a Better Africa
Dec06

Africa BFSI Innovation Summit 2020: Transforming Innovation for a Better Africa

After a successful launch edition earlier this year, Africa BFSI Innovation Summit is back for a second round! With an all new agenda, 2nd Annual Africa BFSI Innovation Summit is scheduled to take place on 4 – 5 February, 2020 in Nairobi, Kenya. Over 300 BFSI industry gurus were a part of the first edition of the event which was inaugurated by Director – Partnerships, Innovation and Capacity Development of Kenya ICT Authority, Eunice...

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Dutch startup Givt in overfunding with Seedrs campaign
Dec06

Dutch startup Givt in overfunding with Seedrs campaign

Startup Givt, a digital giving solution, has already raised more than € 645,000 with the crowdfunding campaign it launched at the end of October. Currently the campaign stands at 108%. The crowdfunding will last until the end of December 2019. The success of the campaign is largely due to the high involvement of the users of the giving solution. Every additional euro gives the company room to introduce Givt on the English market at a...

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Fintech Finance Presents: The Fintech Show 2.20 – How to give the customer what they want!
Dec06

Fintech Finance Presents: The Fintech Show 2.20 – How to give the customer what they want!

In this episode of The Fintech Show we ask the question, how can customers actually know what they want from Open Banking, when they don’t even know what it is? To get to the bottom of what open banking can ACTUALLY provide customers going forward we sit down with industry specialists from Mastercard, UL and...

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Mishal Ruparel, Banking Circle on their plan for the future
Dec06

Mishal Ruparel, Banking Circle on their plan for the future

We speak with Mishal Ruparel, Banking Circle about their plan for the future.

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Andi Dominguez, Quadient on omnichannel
Dec06

Andi Dominguez, Quadient on omnichannel

We speak with Andi Dominguez, Quadient about how critical is omnichannel and why is it critical to insurers.

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BRITISH BOSSES ARE SCROOGES AS A THIRD OF THE NATION’S WORKERS HAVE NEVER HAD A CHRISTMAS BONUS, ACCORDING TO NEW RESEARCH
Dec06

BRITISH BOSSES ARE SCROOGES AS A THIRD OF THE NATION’S WORKERS HAVE NEVER HAD A CHRISTMAS BONUS, ACCORDING TO NEW RESEARCH

·       Bonuses cut by 54 per cent in the last three years, despite the £50 tax free trivial benefit ·       95 per cent of employees said they would be delighted with a £50 shopping voucher as a gesture of goodwill ·       A staggering 47 per cent of staff say they’d rather have a bonusthan a Christmas party ·       Edinburgh and Plymouth are national hotspots for workplace bonuses and festive gifting The nationwide study by Hawk...

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Fiscal Technologies partners with the Coalition for College Cost Savings to offer its NXG Forensics® purchase-to-pay risk management solution to over 900 US colleges and universities
Dec06

Fiscal Technologies partners with the Coalition for College Cost Savings to offer its NXG Forensics® purchase-to-pay risk management solution to over 900 US colleges and universities

FISCAL Technologies, a world leading provider of forensic financial solutions and services, and the Coalition for College Savings (The Coalition), announced today they are partnering to provide The Coalition’s member institutions consisting of over 900 private colleges and universities across 32 states, access to the best-in-class Purchase-to-Pay (P2P) risk management platform. The partnership will allow member institutions to benefit...

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Patriot Life Insurance Company Upgrades its Life & Annuities Underwriting Capabilities
Dec06

Patriot Life Insurance Company Upgrades its Life & Annuities Underwriting Capabilities

Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Patriot Life Insurance Company (Patriot Life Insurance), a North American life insurance provider with an extensive network of independent agents, upgraded to Sapiens UnderwritingPro for Life & Annuities version 10. UnderwritingPro has been a powerful vehicle to accelerate...

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