Ultra-secure payments app reaches 150,000 users in same time as Monzo
- 6 years 10 months ago
- Payments
One year on from its commercial launch, payments app MuchBetter, is announcing a number of significant milestones and figures, as it signals its intent to ‘break the monopoly of iGaming payments’, in an industry estimated to be worth £40bn. Having launched in November 2017, key highlights and milestones after 14 months include:
UK consumers threaten to thwart banks’ SCA compliance
- 6 years 10 months ago
- Payments, Compliance
Lenders, card issuers and payment service providers that need to comply with new fraud rules under PSD2 next year face a challenge from their own customers. In a new FICO survey, only about half of UK consumers say they are willing to give their bank or card issuer their mobile number in order to carry out extra authentication steps. Many banks are counting on authentication using mobile phones to comply with the rules.
Econocom announces 8.0% growth in revenue in 2018 (€2.85 billion) and good cash generation
- 6 years 10 months ago
- Infrastructure
Improvement in revenue in 2018 Econocom Group, a digital transformation specialist, posted 2018 full-year revenue of €2,846 million, an 8.0% increase, 2.7% of which was organic. Revenue for the Technology Management & Financing (TMF) business reached €1,356 million, a slight drop of 1.6%, after a strong increase in the two previous years (9.5% organic growth a year). The basis of comparison was particularly high in the fourth quarter (up 28...
PensionBee chooses Onfido to deliver frictionless KYC compliance
- 6 years 10 months ago
- Security, AML and KYC
Leading identity verification provider Onfido today announces that it has partnered with PensionBee. Onfido’s machine learning-based identity verification technology allows PensionBee to streamline KYC processes, reducing manual overheads and bringing new users onboard.
UnPAY, Tencent Research Institute Released Whitepaper on Indonesia’s Payment Market
- 6 years 10 months ago
- Payments
UnPAY and Tencent Research Institute have jointly published a whitepaper on Indonesia's payment market. This whitepaper focuses on hotspots and key issues of the payment system in Indonesia and is the second of its "Venturing Out" series. It aims to help Chinese payment companies expanding overseas gain a deeper understanding of the world's fourth most populous country. The first whitepaper which was published in October last year, honed in on...
CRYPTOCURRENCY LIQUIDITY PROVIDER B2C2 OTC RECEIVES FCA AUTHORISATION
- 6 years 10 months ago
- Trading Systems, Cryptocurrencies
B2C2, one of the largest cryptocurrency liquidity providers and the leader in electronic OTC trading, today announced that its UK subsidiary, B2C2 OTC Ltd, is now authorised and regulated by the UK’s Financial Conduct Authority to arrange and deal in Contracts for Difference (CFDs) with eligible counterparties and professional clients. The FCA authorisation will allow these clients of B2C2 OTC Ltd to gain exposure to cryptocurrency markets via...
Poor Customer Experience (CX) Costs Financial Institutions $10 Billion Per Year
- 6 years 10 months ago
- Infrastructure
Fenergo, the leading provider of digital Client Lifecycle Management (CLM) software solutions for financial institutions, today announced findings from the company’s industry trends report series, which found that “poor customer experience” is costing financial institutions $10 billion in revenue per year.
GBIH LIMITED implements complete decentralization by developing 'YANT,' a blockchain-based P2P cryptocurrency trading system
- 6 years 10 months ago
- Blockchain, Cryptocurrencies
GBIH LIMITED (CEO Yoon Bliss) announced recently that the YANT blockchain project they have been pursuing has now been successfully developed into a blockchain-based P2P cryptocurrency trading system, thereby achieving complete decentralization that solves the instability caused by depending on exchanges.
Commercial Bank of Kuwait installs video kiosks at 68 branches
- 6 years 10 months ago
- Banking
Commercial Bank of Kuwait has started to adopt the smart-branch model by creating a flexible and cost-effective virtual banking system that would allow remote consultations via video kiosks — touchscreen PCs with connected headsets.
JPMorgan Partners with Coupa Pay for secure and convenient payments experience
- 6 years 10 months ago
- Payments
Coupa Software (NASDAQ: COUP), a leader in business spend management (BSM), today announced a strategic collaboration with J.P. Morgan.
VisaNet launches in Argentina
- 6 years 10 months ago
- Payments
Visa Inc. today announced the launch of VisaNet processing in Argentina, a move that will bring new payment innovations and services to Argentine cardholders, merchants, and financial institutions. The launch grows Visa’s share of domestic transaction processing in the Latin America and Caribbean region by more than 10 percentage points.
New AAAtraq service helps websites cut compliance risk
- 6 years 10 months ago
- Banking, Compliance, Risk Management
Supermarket shopping, banking, switching energy supplier, booking a restaurant table, ordering pizza, choosing a holiday destination. The Internet has transformed our lives by making these everyday actions easy to complete, online, from any device. Yet up to 15 million people in the UK alone face digital accessibility issues when they use websites from many leading commercial or public-sector organisations. Globally it is becoming an expensive...
Luminex Announces Platform Upgrade with Launch of “Luminex 2.0” Interface
- 6 years 10 months ago
- Trading Systems
Luminex Trading & Analytics LLC, a buy side-owned trading venue delivering efficient, low-cost block executions, today announced the launch and rollout of “Luminex 2.0”, a new user interface for its unique buy side-only trading venue.
Baker Hill Sets New Records in 2018
- 6 years 10 months ago
- Infrastructure
Baker Hill, a leading provider of technology solutions for commercial loan origination, risk and relationship management, CECL compliance, and smart data analytics, announced today that since the 2018 launch of its flagship product, Baker Hill NextGen® followed by the market introduction of Baker Hill NextGen® CECL, the company has seen tremendous momentum and a substantial impact on the financial services industry.
BCS Americas Announces Global Equity Trading Platform
- 6 years 10 months ago
- Trading Systems, Platform Technology
BCS Americas (BCSA) a division of BCS Global Markets (BCS GM), has announced the launch of a new trading platform that will provide global equity execution and settlement capabilities to institutional investors with access to a suite of algorithmic trading tools accessible 24 hours a day, 5 days a week.
