Zerion Raises $2M to Fuel Next Phase of Decentralized Finance
- 6 years 4 months ago
- Risk Management
Zerion, the first simple interface to the protocols of decentralized finance (“DeFi”), has raised $2M in seed funding from Placeholder, Blockchain.com Ventures, and Gnosis. The team will use the investment to accelerate development and add support for more DeFi services. Zerion has processed over $47M in transaction volume over the last five months and won an award for the Best UX in the Ethereum ecosystem at Devcon in October 2019.
Volvo Chooses FICO for Vehicle Subscription Service Onboarding
- 6 years 4 months ago
- Consultancy
Volvo Cars has selected FICO® Decision Modeler to immediately onboard customers to its new Care by Volvo service. The move demonstrates the increasing adoption of advanced decision management technology in the auto finance industry.
Druva Unveils Powerful Protection Capabilities for Key Amazon Web Services Workloads
- 6 years 4 months ago
- Cloud, Data Protection
Druva, Inc., the leader in Cloud Data Protection and Management, today announced extended data protection capabilities for Amazon Web Services (AWS) enterprise workloads, including innovative backup and data management for Amazon Simple Storage Service (Amazon S3), long-term archiving for Amazon Elastic Block Store (Amazon EBS) snapshots and new global policies for AWS accounts.
Consumer Financial Protection Bureau Issues Notice Of Proposed Rulemaking On Remittance Rule
- 6 years 4 months ago
- RegTech
The Consumer Financial Protection Bureau (Bureau) issued today a Notice of Proposed Rulemaking (NPRM) relating to the Remittance Rule (Rule). The Rule generally requires companies that provide remittance transfers in the normal course of business disclose to consumers certain fees and the exchange rates that apply to transfers. The Rule also includes an exception that allows certain banks and credit unions to estimate certain fee and exchange...
PwC forms alliance with Fenergo to streamline KYC compliance for financial institutions
- 6 years 4 months ago
- Cloud, Data Management
Professional services firm PwC has joined up with leading provider of digital Client Lifecycle Management (CLM) solutions Fenergo to “do KYC differently”. Collaborating with Fenergo means that PwC will now provide client onboarding and KYC review and refresh operations as managed services, complementing PwC’s existing AML and KYC remediation offerings. PwC’s financial institution clients can now access an innovative and efficient managed...
Mphasis inducts Quantel AI into Sparkle Innovation Ecosystem to deliver AI-based risk management solutions
- 6 years 4 months ago
- Cloud
Mphasis , an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its partnership with Quantel AI,
Citibank Launches One-stop Mobile Account Opening Service
- 6 years 4 months ago
- Banking
Citibank is launching its one-stop Mobile Account Opening Service, which allows new clients to open bank account1 (Citibanking, Citi Priority or Citigold Account) and investment accounts in one go through Citi Mobile® App at anytime and anywhere. The account application can be completed in a minimum of 10 minutes2. Once the application is completed and approved, the new bank account can be used immediately on the same day. Clients no longer have...
Latest Version of the Appian Low-code Platform Now Available
- 6 years 4 months ago
- Artificial Intelligence
Appian (NASDAQ: APPN) today announced the latest version of the Appian Platform. The new release of the low-code application development platform increases the speed and business impact of low-code automation for developers, administrators, and end-users.
Judopay partners with Tide
- 6 years 4 months ago
- Payments
Judopay, a leading mobile payments provider has today announced it has partnered with business banking fintech, Tide. Starting immediately, the partnership enables all Judopay clients to benefit from a year’s free money transfers when they sign up to a Tide business account through Judopay.
The Avaloq Banking Suite enhances the user experience of Maybank Premier clients in Singapore
- 6 years 4 months ago
- Banking
The Avaloq Banking Suite has been adopted by Maybank Group, South East Asia’s fourth largest bank by assets, to serve Maybank Premier clients in Singapore. The implementation, which went live successfully within the bank’s timeline on 25 November 2019, will provide the Maybank Premier segment with significantly enhanced system capabilities, delivering investment product features for affluent clients while upgrading the risk management and...
New Artificial Intelligence and Machine Learning Platform for Reconciliation, Matching and Exception Management Operations Introduced by Broadridge
- 6 years 4 months ago
- Artificial Intelligence
Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index,today announced the launch of Broadridge Data Control Intelligent Automation, a new artificial intelligence (AI) and machine learning (ML) platform built to be deployed across industry-wide reconciliation, matching and exception management applications.
VNX Exchange Partners With Sumsub to Provide State-of-the-Art Compliance Experience
- 6 years 4 months ago
- AML and KYC
Luxembourg-based VNX Exchange is joining forces with Sumsub, a scalable solution for KYC/AML regulatory compliance, to stay in line with growing jurisdictional demands and ensure compliance of its platform.
Goldman Sachs to Put the Brakes on Marcus Expansion in UK
- 6 years 4 months ago
- Compliance, Regulatory Standards
Goldman Sachs is planning to slow down the growth of its online retail banking brand Marcus in the UK. This is to avoid surpassing $25 billion in deposits which would require the US bank to ring-fence its retail banking intake from riskier investment activity, the Sunday Telegraph has reported. Goldman Sachs is understood be around halfway to this figure at present.
Zopa Closes in on £130m Capital Injection for Bank Push
- 6 years 4 months ago
- Retail Banking
UK peer-to-peer lending outfit Zopa is set to secure £130 million in funding, enabling it to meet regulatory capital requirements for its foray into banking. As first reported by Sky News, an entity linked to IAG Capital Partners, a US-based fund, and its UK investment vehicle Silverstripe is on the verge of taking a majority stake in Zopa. The expected funding comes just days before Zopa's banking license-with-restrictions expires a year after...
Colu and Tel Aviv Municipality Create a Winning Program
- 6 years 4 months ago
- Wealth Management
Colu, a city app and digital wallet solution for smart cities, partnered with Tel Aviv Municipality and the Tel Aviv Foundation, aiming to develop financial tools to strengthen urban resilience, drive consumers to shop at stores cut off from traffic by the city’s train construction.
