Over 60% of Millennials Are Using ‘Buy Now, Pay Later’ Services When Shopping, Kearney Research Shows
- 5 years 11 months ago
- Payments, Consultancy
Analysis from global consulting partnership Kearney has found a growing appetite for point of sale (PoS) credit finance – otherwise known as ‘buy now, pay later’ – among younger UK consumers, with over 60% (67%) of Millennials now using this service. While 42% of Millennials have used a ‘buy now, pay later’ service more than once in recent years, they’re not the only shoppers using these services. A majority of consumers in Generation X (57...
Al Khaleej Bank signs for iMAL Islamic core banking platform
- 5 years 11 months ago
- Core Banking, Islamic Finance
Path Solutions, a worldwide provider of Sharia-compliant financial technology solutions, has announced that it signed Al Khaleej Bank in Sudan to its core banking platform.
Asset Management Report Highlights Quiet Revolution in Attitudes to Oversight and Contingent NAV Capabilities
- 5 years 11 months ago
- Asset Management
Asset managers are increasingly acting to adopt resilient oversight and contingent NAV solutions, in the face of ongoing regulatory attention and maturing automation solutions. This is according to new research from institutional fintech firm Milestone Group, who have been directly engaged in developing these capabilities for the global investments industry.
Refinitiv pledges FX brokerage to support Australian bushfire relief efforts
- 5 years 11 months ago
- Data, Infrastructure
Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, announced today they will donate 100% of brokerage fees from global AUD turnover for three full trading days from 9am Tuesday 4 February to 9am Friday 7 February (AEST) to a range of accredited Australian charities to support the volunteer firefighters and communities impacted by the recent bushfires. This turnover is inclusive of spot, forwards, swaps...
Contour launches following success of bank-backed project to digitise the USD 18 trillion trade finance process
- 5 years 11 months ago
- Trading Systems
Today, a new independent global network to digitise and modernise the USD 18 trillion trade finance market has been launched under the new brand – Contour. The launch follows a series of ground-breaking live pilots in 14 countries and a global trial with more than 50 banks and corporates, which reduced processing times for Letters of Credit by over 90%, from 5-10 days to under 24 hours.
Reshaping the Financial Sector of the Middle East with Finnovex Middle East 2020
- 5 years 11 months ago
- IT Innovations
Advanced technology and innovation have forever disrupted business operations of the past. With changing trends and customer expectation, product offerings, service and business operations has been the centre of the continuous cycle of adopting and adapting to latest technology and operation models. The financial service industry is no exception to this and has witnessed dynamic transformation pertaining to digital and technological aspects of...
HPD LendScape appointed Kheng Leong Lee as regional representative for the Asia Pacific region
- 5 years 11 months ago
- People Moves
HPD LendScape, a leading global asset based lending and factoring platform, has appointed market specialist, Kheng Leong Lee, as its regional representative for the Asia Pacific region. Based in Singapore, Lee brings with him over forty years’ experience in providing financial support to SMEs in the APAC region.
Apple Pay Coming to Curve Customers Across Europe
- 5 years 11 months ago
- Payments, Banking
Curve, the Over-The-Top banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, today brings its customers Apple Pay, which is transforming payments with an easy, secure and private way to pay. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast and convenient purchases in stores, in apps and on websites.
Calypso Networks Association and OSPT Alliance Announce Collaboration
- 5 years 11 months ago
- Infrastructure
Calypso Networks Association (CNA) and OSPT Alliance announce their collaboration to drive the adoption of open standards in transport ticketing.
Standard Chartered Invests in Contour to Further Digital Innovation in Documentary Trade
- 5 years 11 months ago
- Blockchain, Infrastructure
Standard Chartered announced its investment into Contour, a blockchain-based open industry platform that will initially focus on digitally creating, exchanging, approving and issuing Letters of Credit (LCs), following the full commercialisation of its offering and appointment its CEO Carl Wegner.
PrePay Solutions becomes PPS
- 5 years 11 months ago
- Payments
PrePay Solutions subsidiary of Edenred, the everyday companion for people at work, today announces its rebrand as PPS. PPS, founder and innovator in prepaid cards, has in the last 5 years grown the market in the fintech services including banking, virtual cards, debit, credit and prepaid processing. As a result of this expansion the company will now be formally known as PPS, a moniker already well known in the industry.
Highly positive response to F-Secure ID PROTECTION signals strong demand in the operator channel
- 5 years 11 months ago
- Security, Cybersecurity
Cyber security provider F-Secure has begun to roll out
MarketAxess Deploys H20.ai Machine Learning Tech
- 5 years 11 months ago
- Artificial Intelligence
H2O.ai, the open source leader in artificial intelligence (AI) and machine learning (ML), today announced that its open source platform, H2O, provides critical machine learning capabilities to MarketAxess, the operator of a leading electronic trading platform for fixed-income securities and the provider of market data and post-trade services for the global fixed-income markets.
Westpac's Reinventure Invests In Indonesia's Kredivo
- 5 years 11 months ago
- FinTech StartUps
Westpac-backed venture fund Reinventure has stepped up its push into Asia’s fintech scene, joining a US$90 million funding round for the owner of Kredivo, Indonesia’s fast-growing "buy now, pay later" (BNPL) platform.
CaixaBank Partners Plug and Play to Back Spanish Fintech Startups
- 5 years 11 months ago
- FinTech StartUps
CaixaBank has teamed up with Silicon Valley-based innovation platform Plug and Play on a Spanish fintech startup programme. The Barcelona Engagement Programme will see the partners work with startups to promote new banking and insurance services. A committee will select promising Spanish fintech startups, which will then get support from CaixaBank Payments and Consumer, imaginBank and Plug and Play to help develop proof-of-concepts.
