Backbase Opens New APAC headquarters in Singapore
- 6 years 6 months ago
- Banking
Digital banking software provider, Backbase, has today announced the launch of its new regional headquarters in Singapore. Off the back of strong growth in the past few years, the regional centre in Singapore will strengthen its regional footprint to ensure greater proximity to clients and provide high-quality services and expertise to businesses in Asia Pacific (APAC).
Yolt celebrates two year anniversary of Open Banking by extending Yolt Pay feature to Monzo account holders
- 6 years 6 months ago
- Open Banking
Yolt, the smart thinking money app, has announced that one of its newest features, Yolt Pay, is now available to Monzo account holders.
Royal Bank of Scotland Has Appointed a New CRO
- 6 years 6 months ago
- Risk Management, People Moves
Royal Bank of Scotland has appointed Vanessa Bailey as chief risk officer (CRO) of its ring-fenced bank, it said in an announcement. She will be based in London. Vanessa Bailey Bailey was formerly interim chief risk officer, NatWest Markets, and assumed her new position on August 20. She will report to group chief risk officer Bruce Fletcher, and Ross McEwan, the chief executive of NatWest Holdings. The new role will also see her joining the...
Red Deer and Cappitech partner to offer a complete solution for MiFID II reporting, Best-Execution monitoring and MAR compliance
- 6 years 6 months ago
- Financial
Red Deer, the financial technology company dedicated to enhancing the performance of active investment managers, and Cappitech, a leading provider of regulatory reporting and intelligence solutions for the financial services industry, today announced a partnership to deliver a combined MiFID II and MAR compliance solution for investment managers.
UK Management Consulting Industry Grows By 8%
- 6 years 6 months ago
- Consultancy
The United Kingdom’s management consulting industry has grown by 8.3% last year, its second fastest rate of growth since the financial crisis. Although less optimistic than a year ago, three out of four UK consulting firms expect demand for management consulting services to increase in the next 12-24 months.
TONIK Selects Finastra’s Core Banking Solution to Power Southeast Asia’s First Pure-play Licensed Digital Bank
- 6 years 6 months ago
- Core Banking
Finastra announced today that TONIK, the first licensed digital-only bank in Southeast Asia, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities. The move will support TONIK as it launches its retail deposit and customer loans services in the Philippines, giving it agility and the ability to scale quickly.
Stratis Smart Contracts Challenge: Hackathon Winners Announced
- 6 years 6 months ago
- Blockchain
Stratis, an enterprise blockchain technology company, announces the winners of its latest hackathon, the Stratis Smart Contracts Challenge. Attracting nearly 200 participants and 13 high-quality submissions, the online hackathon produced a range of smart contract applications spanning finance, law, identity, trade, supply chain, charity, healthcare and gaming. US$10,000 First Place: Cirrus Swap
JCB expands its merchant network with Nets Group in Finland
- 6 years 6 months ago
- Payments
JCB International, Co., Ltd., the international operations subsidiary of JCB Co., Ltd., and Nordic-based payment service provider Nets Group, today announce the wider enablement of JCB payment acceptance by Nets merchants in Finland. This latest strategic expansion initially enables over 18,000 businesses across Finland to accept JCB payments through the Nets Merchant Services platform. This will provide JCB’s growing Russian and Japanese...
Finastra named best global trade finance software provider
- 6 years 6 months ago
- Trade Finance
Finastra has been named best global trade finance software provider by Global Finance at the Trade Finance Awards 2020. The accolade was announced at an awards ceremony held at the BAFT Global Annual Meeting in Frankfurt last week. It recognizes Finastra for its innovative technology in the trade and supply chain finance space.
Rabobank Invests in Digital Mortgage Broker Trussle
- 6 years 6 months ago
- Retail Banking
Rabo Frontier Ventures (RFV), the strategic investment fund of Rabobank, has contributed to a £7.5 million funding round in online UK mortgage broker Trussle The Dutch bank was joined by existing investors Goldman Sachs Growth, Finch Capital and BBVA-backed Propel Venture in backing the firm, which last raised £13.6 million in Series B financing in May 2018. Trussle is one of a new breed of fintech startups that uses proprietary automation and a...
JPMorgan and UK Aid Pump $15 Million into Catalyst Fund
- 6 years 6 months ago
- FinTech StartUps
JPMorgan has joined UK Aid in providing $15 million in support for Boston-based accelerator Catalyst Fund, which aims to back 30 fintech startups in Kenya, Nigeria, South Africa, India, and Mexico over the next three years.
Bank Cyberattack Could Hit Whole Financial System - NY Fed Research
- 6 years 6 months ago
- Cybersecurity
A cyberattack on a major US bank could have significant spillovers to other lenders, with serious implications for the whole financial system, according to research from the Federal Reserve Bank of New York. The report models how a cyberattack on a single large bank, a group of smaller banks or a common service provider can be transmitted through the wholesale payments network. The researchers estimate that a hit on a big five bank would affect...
Weak Passwords Caused 30% of Ransomware Infections in 2019
- 6 years 6 months ago
- Security, Authentication Technology
As one of the leading types of cyber-attacks, ransomware is expected to dominate cybercrime in 2020. According to PreciseSecurity.com research, weak passwords were one of the most common cybersecurity vulnerabilities in 2019, causing 30% of ransomware infections in 2019. Weak Passwords Are the Third Most Common Ransomware Cause Globally
Appian Announces Partnership with Celonis
- 6 years 6 months ago
- Artificial Intelligence
Appian (APPN) today announced a technology partnership and integration initiatives with Celonis, the market leader in AI-enhanced Process Mining and Process Excellence software, to unite Appian’s low-code application development platform with the powerful process mining technology of the Celonis Intelligent Business Cloud (IBC). The partnership will accelerate digital business process transformation and continuous process improvement for joint...
CaixaBank applies artificial intelligence to augment employee training
- 6 years 6 months ago
- Banking
CaixaBank has started to use artificial intelligence to improve the acquisition of new skills among its employees. The financial institution, chaired by Jordi Gual and with chief executive officer Gonzalo Gortázar, has launched a new version of Virtaula, an online training platform for its entire workforce, incorporating artificial intelligence to identify each employee's areas of interest and recommend courses tailored to their individual...
