European Corporate and Investment Banks are in Great Difficulties, CIB Outlook 2019 Report Reveals
- 6 years 8 months ago
- Consultancy
The European consulting firm EUROGROUP Consulting, in an exclusive annual study on corporate and investment banking (European CIB Outlook 2019), reveals the numerous challenges European CIBs urgently need to address, and outlines strategic and organisational solutions to help them reduce the performance gap with their US counterparts.
UniCredit to Axe 8000 Jobs
- 6 years 8 months ago
- Retail Banking
Italy's UniCredit says it will cut 8000 jobs and close 500 branches over the next three years as part of a programme to boost shareholder value. The bank's 'Team 23' programme aims to increase net profit to EUR5 billion by 2023 and enable it to return EUR8 billion to shareholders through buybacks. To help achieve this, there will be major job cuts and branch closures in Italy, as well as some in Germany and Austria. Meanwhile UniCredit has set a...
mthree Makes Raft of Hires as Part of Global Restructure
- 6 years 8 months ago
- People Moves
Emerging technology talent specialist mthree has made a string of senior hires as part of its continued growth. mthree, which works with leading global investment banks and fintechs, now employs more than 600 staff across four continents. The new hires come after the business reported record revenues in 2018 and are on-track to go beyond that with revenues of c. £39m in 2019.
Wirecard provides seamless payment solutions to ride hailing platform CarGo Technologies
- 6 years 8 months ago
- Payments
Wirecard, the global innovation leader for digital financial technology is cooperating with CarGo Technologies for seamless payment solutions. The goal is to team up for all in-app payments for the ride hailing platform in Belgrade, Vienna and Zurich where CarGo Technologies is present, and as a payment partner for the company’s expansion.
Mexican SMB Lender Konfio Lands $100 Million in Funding
- 6 years 8 months ago
- Artificial Intelligence
Mexican small business lender Konfio has completed a $100 million funding round led by SoftBank's Latin American fund. Vostok Emerging Finance also supported the funding round along with other existing investors QED and Kaszek Ventures. Founded in 2014, Konfio uses technology, data analytics, and artificial intelligence to provide funding for companies, many without any formal credit history.
Esma Proposes Development of Consolidated Tape for European Equities
- 6 years 8 months ago
- Regulatory Standards, Security
Europe's top securities regulator has recommended the establishment of a real-time consolidated ticker tape to improve transparency for equities across the EU's fragmented markets.
Yolt Chief Moves Back to ING
- 6 years 8 months ago
- Banking, People Moves
Frank Jan Risseeuw, CEO of account aggregation platform Yolt, is moving across to ING to take charge of the Dutch bank's 'Model Bank' strategy. One of the cornerstones of ING’s Think Forward Strategy projects, Risseeuw will lead the integration of four ING Retail countries to a new single banking platform.
Deloitte Predicts 'Japanification' of Banking in 2020s
- 6 years 8 months ago
- Retail Banking
Leaders of banks need to look beyond banking in anticipation of disruption to their industry in the next decade, according to Deloitte. In its '2020 banking and capital markets outlook' report, the Big Four firm highlights its forecasts for financial services in the next year and beyond. Deloitte's broad prediction for the next decade is that of a consolidated industry with fewer banks existing in ten years' time. Fintechs will become...
Keesing Technologies launches unique industry platform
- 6 years 8 months ago
- Digital Identity
Keesing Technologies, the leading global identity verification provider, announces the launch of Keesing Platform: the new online information source for and by anyone involved in the security document and identity management industry. The platform will replace one of the world’s most renowned magazines of the industry; the Keesing Journal of Documents & Identity (KJD&I).
Eventus Systems selects Itiviti’s Managed FIX Service for drop copy consolidation
- 6 years 8 months ago
- Trading Systems
Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that Eventus Systems, a multi-award winning global trade surveillance and market risk platform provider, has selected Itiviti’s Managed FIX Service to consolidate drop copies from market centers.
DriveWealth announced its first partnership in Thailand
- 6 years 8 months ago
- Trading Systems
DriveWealth, LLC, a U.S. based leader in global digital trading technology, announced its first partnership in Thailand. The firm has teamed with Thailand’s leading online securities trading provider, SBI Thai Online Securities Co., Ltd. (SBITO), to bring local investors direct access to the U.S. stock market and their first opportunity to participate in fractional share trading.
d1g1t Strengthens Executive Leadership Team to Build Upon Sales Growth and Market Momentum
- 6 years 8 months ago
- Wealth Management
d1g1t Inc., the first provider of an enterprise wealth management platform powered by institutional-grade analytics and risk management tools, today announced the appointment of Dr. Andrew Aziz as Executive Vice President, Business Development and Kian Rafia to the role of Managing Director, Head of U.S. Distribution.
USAM Group Adds Powerhouse Fintech Duo to Client Roster
- 6 years 8 months ago
- FinTech StartUps
USAM Group, a global team of enterprise sales and marketing professionals that matches financial institutions with best-of-breed solutions from advanced information and technology vendors, is pleased to announce the addition of two complementary offerings to its rapidly growing roster of fintech solutions: HeliumTM by Levyx is system-level data processing software that delivers unparalleled capacity, automatic persistence, and incredible speed...
Airbnb EU payments base opens in Luxembourg
- 6 years 8 months ago
- Payments
Airbnb has officially announced that they are set to process EU payments through Luxembourg as of 2020, as a result of Britain’s departure from the European Union. The American private home rental platform, Airbnb, has announced that EU payments between hosts and guests will be processed through the Grand Duchy as of 2020. The company opened a subsidiary in Luxembourg at the end of last year and has now been granted a payment institution license...
WeOwn announces plan for new global, decentralised stock exchange
- 6 years 8 months ago
- Blockchain
WeOwn today announces that it is building WeExchange - a new global, decentralised stock exchange - to enhance its investment ecosystem for high-growth companies and everyday investors. The exchange will give SMEs access to new capital raising opportunities and provide investors with flexible access to equity in dynamic brands.
