City of Tampere and Tieto develop AI-IoT test solution for pedestrian traffic safety
- 6 years 11 months ago
- Artificial Intelligence
The City of Tampere, Finland and Tieto, a leading Nordic IT services and software company, have developed a solution to improve the urban traffic safety of pedestrians. Utilizing artificial intelligence (AI) and Internet of Things (IoT) technology, the test solution can automatically detect when a pedestrian is planning to cross the street at an intersection. An alert can be relayed to automatic traffic signs, and in the future even directly to...
Payments fintech Modulr COO discusses Pay.UK's decision to decline the fraud levy
- 6 years 11 months ago
- Payments
Martin Threakall, Chief Operating Officer of Modulr, commenting on Pay.UK’s decision to decline the fraud levy: “While consumer protection is of paramount importance, we believe a more collaborative and inclusive industry approach must be taken rather than a blanket fraud levy.
Invstr brings interactive investing education to mobile with launch of Invstr Academy
- 6 years 11 months ago
- Investment
Invstr, the award-winning investing app, has announced the launch of Invstr Academy, an interactive and gamified learning experience that enables total beginners to become confident investors. For the first time, beginner investors can build investing knowledge through an intuitive mobile experience, custom-designed for the digital age. Accessed through the Invstr app, Invstr Academy features ten modules, each containing practical information...
Natixis Investment Managers Chooses ALPIMA For Web-Based Portfolio Design Within Solutions Business
- 6 years 11 months ago
- Asset Management, Investment Management
Natixis Investment Managers, one of the world’s leading asset management firms, has selected ALPIMA for web-based portfolio design, optimisation and visualisation within its Solutions group. Offered as an enhanced version of its cloud-based enterprise service, the ALPIMA platform will be delivered on a white-label basis and configured specifically to meet Natixis Investment Managers requirements.
DTCC Delivers Beta Version of FRTB Data Service to Provide Real Insight on the Potential Impact of New Capital Framework
- 6 years 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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.
