Claims Management Companies enter FCA Regulation Today
- 6 years 9 months ago
- Compliance
The Financial Conduct Authority (FCA) begins regulating the claims management industry from today (1 April). All claims management companies (CMCs) in England, Scotland and Wales will now have to demonstrate they meet and maintain minimum standards set by the FCA. All existing and new CMCs will need to apply to the FCA for authorisation.
ValidSoft appoints Tom Hohman as US Vice President of Sales for the Central and Eastern regions
- 6 years 9 months ago
- People Moves
ValidSoft, a voice biometric and multi-factor authentication SaaS company today announced the appointment of Tom Hohman as Vice President of Sales for the central and eastern regions of the US.
Fourteen Banks and Financial Institutions Launch Drive to Develop Multi-trillion Dollar Trade as an Asset Class
- 6 years 9 months ago
- Trade Finance, Banking
Fourteen leading global financial institutions have launched a drive to use technology and standardisation for the wider distribution of trade finance assets. ANZ, Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation are among the banks backing the Trade Finance Distribution Initiative (TFD Initiative).
KHCB Adopts Token.io to enable its Open Banking Services
- 6 years 9 months ago
- Banking
Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in Bahrain, recently announced that it has partnered with Token.io as part of the bank's preparations to provide open banking services to its clients in compliance with the new regulatory requirements. Token is represented by Tarabut Gateway, a subsidiary of Almoayed Technologies licensed by the Central Bank of Bahrain (CBB).
FIME is ready for key EMV® Contactless Interface 3.0 migration
- 6 years 9 months ago
- Payments
FIME announced that its testing laboratories have been accredited by EMVCo for EMV®* Contactless Interface v3.0. Card, terminal, smartphone and wearable manufacturers can now align with EMVCo’s updated EMV Level 1 Specification. The enhanced specification addresses the latest interoperability and communication needs of EMV acceptance devices and contactless payment form factors.
RENO relies on full service from Concardis
- 6 years 9 months ago
- Payments
RENO Schuh GmbH is streamlining its payment processes and entrusting all payments taken in its bricks-and-mortar stores to Concardis. The Eschborn-based full-service payment provider is responsible with immediate effect for acquiring and network operation, hardware, payment processing and risk and credit control for RENO, along with interlinking all payment services and integrating them into the existing IT systems of Germany’s second-biggest...
Banks no Longer First Port of Call for Half of Britain’s SMEs
- 6 years 9 months ago
- Banking, Infrastructure
A new survey has revealed that the number of people who have considered going somewhere other than their bank for finance is on the increase. The insights come from a new survey conducted by business finance provider Growth Street. The firm canvassed more than 2,000 directors and employees of British SMEs in January 2019, following up from its inaugural survey in 2018. As hundreds of millions of RBS competition fund pounds are being distributed...
IoT Threats: Same Hacks, New Devices
- 6 years 9 months ago
- Security, Infrastructure
The internet of things explosion has proven controversial due to the insufficient security measures in many of these internet-connected devices. And a new report from cyber security provider F-Secure finds that threats and the number of attacks continue to increase, but still rely on well-known security weaknesses, such as unpatched software and weak passwords.
SAI Global Completes Acquisition of BWise® from Nasdaq
- 6 years 9 months ago
- Risk Management
SAI Global, a recognized leader of integrated risk management (IRM) solutions, today announced that it has completed its acquisition of BWise® from Nasdaq, Inc. (Nasdaq: NDAQ), forming one of the world's largest risk management and ethics learning businesses. Starting today, the combination of BWise's award-winning risk management, internal audit and regulatory compliance platform with SAI Global's industry-leading SAI360 risk and compliance...
AJIB Goes Live with Oracle Blockchain Platform
- 6 years 9 months ago
- Blockchain
ICSFS & AJIB have successfully executed the first transfer of funds between the Bank's head office in Jordan and Cyprus branch. This successful milestone is one of the first blockchain execution in the MENA region on Oracle Platform, delivering an enterprise-grade blockchain implementation with industry-leading resiliency, scalability and security.
Fintech Start-Ups Invited to Apply to 2019 FinTech Innovation Lab Asia-Pacific
- 6 years 9 months ago
- FinTech StartUps
Applications are now being accepted for Accenture’s (NYSE: ACN) annual FinTech Innovation Lab Asia-Pacific, a 12-week program that helps early- and growth-stage fintech companies accelerate product and business development through mentorship with executives from top financial institutions. Fintech entrepreneurs developing cutting-edge products, services and technologies are invited to apply now until May 10 at https://www.fintechinnovationlab....
NatWest Trials New Personal Finance App
- 6 years 9 months ago
- Payments, Banking, Infrastructure
NatWest are trialling a new companion to the NatWest app called Mimo, which has been designed to help customers save time, save money and enjoy financial peace of mind. Mimo will help customers budget, remind them of the financial tasks they need to do and provide proactive and personal insights into their money, looking at their bills or day-to-day spending, as well as insurance, subscriptions and utilities and will be able to take direct...
New mobile money propositions have the potential to reduce the world’s unbanked population by more than a third
- 6 years 9 months ago
- Payments, Banking
A new report from Mastercard confirms the power of mobile technology to improve financial inclusion. The research shows that 15 countries account for over 60% of the global unbanked population, where 607 million people have a mobile phone, but do not yet have a bank account. Mobile technology could therefore provide them with immediate access to the benefits of financial inclusion. In all but one of these 15 countries (India) people with a...
CALLIGO ACQUIRES CONNECTED TECHNOLOGIES INC.
- 6 years 9 months ago
- Cloud
Calligo, the global data optimization and privacy specialist, today announced it has acquired Connected Technologies Inc., a Canadian specialist in outsourced IT and cloud services. The purchase of Connected Technologies, based in Brampton, Ontario, is another significant step in Calligo’s continued growth strategy. The acquisition complements its two previous acquisitions in Canada – cloud services provider, 3 Peaks, in October 2017 and Mico...
Online Optician, Mister Spex, relies on Secure Payment with Computop
- 6 years 9 months ago
- Payments
Computop, the global payment processor, today announced that Europe's leading online optician, Mister Spex, has selected the company’s highly secure POS terminals for the processing of all card payments across its national network of German stores. The CCV Pad card terminal from Computop is one of a new generation of POS solutions that have been developed to reduce costs and expenditure on PCI security audits while protecting purchasers’ card...
