DTCC Delivers Beta Version of FRTB Data Service to Provide Real Insight on the Potential Impact of New Capital Framework
- 6 years 5 months ago
- Data, Infrastructure
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the availability of a beta version of its FRTB Real Price Observations Data Service. The service will enable the mapping of risk factors to a pool of global derivatives data to gain insight on modellability results in accordance with the Fundamental Review of the Trading Book (FRTB)...
Wirecard to offer interest rates via its payment and banking app boon Planet in 2020
- 6 years 5 months ago
- Digital Identity, Payments
Following a successful launch, Wirecard is adding further attractive features to its boon Planet digital payment and banking solution: boon Planet current account holders will receive interest of around 0.75% from the beginning of 2020 – a rate that comparable solutions do not offer. Throughout the year, the offering will be expanded to include further investment options. Users no longer have to leave the app to manage their everyday finances.
Preparing For 2020: The Impact of the Cloud on B2B Payments
- 6 years 5 months ago
- Payments
By 2020, US business to business (B2B) payments are expected to reach $23.1 trillion according to Deloitte. This is driven by cloud technology, which is accelerating the digital transformation of the payments industry, providing customers with a myriad of convenient payment methods. This shift is occurring because consumers need instant and on-demand access to everything. As incumbent banks have inconsistently delivered in the first instance,...
UnionBank, UBX become first Philippine partners for the MAS Business Sans Borders
- 6 years 5 months ago
- Banking
The partnership with the Monetary Authority of Singapore (MAS) allows UBX’s SME platform, Sentro to be integrated in the Business Sans Borders (BSB) system enabling SMEs from both markets to discover cross-border business opportunities.
Demand For Cash Remains Strong Despite Proliferation of Alternative Payment Methods
- 6 years 5 months ago
- Payments
ATM cash withdrawals will continue to increase in most countries After many years of growth, the total number of ATM cash withdrawals worldwide dropped by 3% to 95 billion in 2018, and is forecast to continue falling, according to RBR’s Global ATM Market and Forecasts to 2024 study. This global view masks how use of cash is evolving in many countries, however, with cash withdrawal levels expected to rise in over half of the 63 major markets...
Poland’s Bank Millennium Chooses OneSpan to Improve Customer Experience in Corporate Banking
- 6 years 5 months ago
- Transaction Banking, Payments
OneSpan™, a global leader in software for trusted identities, e-signatures and secure transactions, today announced that Bank Millennium, a rapidly-growing subsidiary of Banco Comercial Português (Millennium bcp), has deployed Cronto® technology to secure transactions while improving the experience for its corporate banking customers.
USDT-Margined Futures Now Live on OKEx
- 6 years 5 months ago
- Cryptocurrencies
OKEx, the world’s largest futures cryptocurrency exchange, today announced the launch of USDT-Margined Futures. After a successful simulation beginning November 5, 2019, BTC/USDT Futures Contracts officially went live today, November 14, 2019, on the OKEx futures market.
Triple shortlisting for Banking Circle at the Card & Payments Awards 2020
- 6 years 5 months ago
- Payments
Banking Circle, the ground-breaking provider of financial services infrastructure has been shortlisted for three awards in the upcoming Card & Payments Awards. Banking Circle Virtual IBAN is up for the Best Service to Business award, and together with Ixaris Payments is shortlisted for Best Technology Initiative of the Year. In addition, Ixaris Payments and Banking Circle are shortlisted for Best Achievement in Payments Processing.
Ingenico reports record breaking Singles Day
- 6 years 5 months ago
- Payments
Ingenico Group, the global leader in seamless payment, today reported record breaking transaction volumes and payment authorization rates on its most successful Singles Day ever. The company outperformed last year with more than four times as many online transactions as 2018’s event and recorded its highest number of Transactions Per Second (TPS) ever. During the event, Ingenico’s Amsterdam-based ePayments division processed millions of payments...
Standard Chartered Invests in Regtech Startup Silent Eight
- 6 years 5 months ago
- Wholesale Banking
Standard Chartered’s innovation, fintech and ventures unit, SC Ventures, has participated in a Series A funding round for regtech Silent Eight. The AI-powered anti-money laundering and counter-terrorism financing startup raised an oversubscribed US$6.2 million in the round, with OTB Ventures and Wavemaker Partners also participating. The capital will be directed at new hires, with plans to double its 50-strong global headcount by the end of Q1...
Pay.UK Knocks Back Faster Payments Fees to Cover APP Fraud
- 6 years 5 months ago
- Retail Banking
Proposals by seven UK banks to levy a per transaction fee for for certain Faster Payment transactions as a means to provide a long-term, sustainable funding arrangement for the reimbursement of APP scam victims, have been knocked back by governing body Pay.UK following an industry-wide consultation.
Protiviti and International RegTech Association Sets Out Blueprint for Much Needed Digital Optimization of ‘Know Your Customer’ Processes
- 6 years 5 months ago
- RegTech, Management, Consultancy
Protiviti and the International RegTech Association (IRTA) have released the findings of a global market study they conducted to investigate the effectiveness of current ‘Know Your Customer’(KYC) processes. The study reveals an urgent need for more effective industry alignment to accelerate the digitizing of KYC processes and greater use of shared platforms.
Avaloq completes the acquisition of Derivative Partners
- 6 years 5 months ago
- Banking, M&A Deals
Avaloq, the leading cloud platform and service provider for banks, wealth managers and investment firms, has successfully closed the acquisition of Zurich-based Derivative Partners AG, the number one independent information and data provider for structured products and derivatives in Switzerland. The deal was first announced in July this year. Derivative Partners will continue to operate as an organizational entity, with all staff retained....
Four Abacus Group Managers Named Women in Finance Awards Finalists
- 6 years 5 months ago
- Platform Technology
Abacus Group, a leading provider of hosted IT solutions and services for alternative investment firms, is pleased to announce that four of its managers have been selected as finalists in the 5th Annual Markets Choice Awards: Women in Finance, presented by Markets Media Group.
Ledger Vault Obtains Groundbreaking Custom Crime Insurance Policy
- 6 years 5 months ago
- Insurtech, Security
Ledger, the global leader in security and infrastructure solutions for digital assets and blockchain applications, today obtained a crime insurance policy covering digital assets secured by the Ledger Vault platform.
