Mastercard, Kuok Ventures and SGInnovate invest in AIDA startup
- 7 years 5 months ago
- Artificial Intelligence, FinTech StartUps
AIDA Technologies, the AI and predictive analytics provider, today announces that Mastercard, Kuok Ventures and SGInnovate have invested in the company in a Series A funding round.
More than half of Brits use slang words for money, but less than a third know what the words actually mean
- 7 years 5 months ago
- Payments, Money Transfers
Money may be recognised as a universal language, but new research has found seven in 10 Brits (70 per cent) aren’t sure what the different slang terms for it actually mean. The research from money-sharing app Pingit revealed a further 59 per cent become confused over the denomination each slang term refers to, perhaps thanks to the more than 80 different words used to describe currency.
Path Solutions Moves Award-winning Banking Technology onto Microsoft Azure to Accelerate Customer Growth
- 7 years 5 months ago
- Islamic Finance, Cloud
Fintech solution provider, Path Solutions, today announced that it has successfully deployed and tested its latest iMAL R14.1 technology on Azure, Microsoft’s trusted and intelligent cloud. Currently used by over 100 Islamic banks, iMAL is a multi-award-winning core banking and investment platform.
Chief Claims Officers from USAA and Esurance reveal the future of Connected Claims
- 7 years 5 months ago
- Insurance
Senior claims officers from two leading insurance carriers, USAA and Esurance, will participate in a live, free webinar, hosted by Insurance Nexus, on the transformative effect of Connected Claims. These leading executives will explore how they expect the new era of connected claims to deliver unprecedented business efficiency and superior customer experience.
Portabl Picked for Plug And Play’s Insurtech Accelerator Program
- 7 years 5 months ago
- Insurtech
Portabl, the insurtech startup designed for freelance, gig and self-employed workers around the world, has been picked by the Plug and Play innovation platform to join its Insurtech Batch of innovative companies. The accelerator identifies high-potential startups and supports their growth and success through introductions to mentors, potential business partners and investors. Portabl is designed to provide a new wave of insurance, benefits and...
Renovite appoints Rod Bungey as North America Sales Director
- 7 years 5 months ago
- Payments, People Moves
Global payments experts Renovite Technologies has appointed Rod Bungey as sales director for its cloud-native testing solution Reno-Test in North America, significantly strengthening the company’s position in the software testing market across the region.
Mobile application Exscudo Channels adds SEPA/SWIFT support to allow transactions from bank accounts to the app
- 7 years 5 months ago
- Transaction Banking, Payments
We are excited to announce that SWIFT and SEPA withdrawals and deposits have already been implemented and fully functional in the Exscudo Channels App. The function is available worldwide with the exception of the US and select countries. Thanks to the SEPA and SWIFT support our customers are able to top up their Channels balance by making a bank transfer in Euro, USD or any other fiat currency.
QuantHouse and ARQA Technologies win ‘Best Alliance or Partnership’ at the 2019 Waters Technology Sell-side Awards
- 7 years 5 months ago
- Trading Systems
QuantHouse, the leading independent global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and infrastructure solutions, today announced that QuantHouse and ARQA Technologies have been awarded ‘Best Alliance or Partnership’ at the 2019 Waters Technology Sell-side Awards.
KKR Becomes Founding Signatory to Impact Investing Principles in Effort to Create Alignment across Industry
- 7 years 5 months ago
- Investment Management
KKR announced that it has become a founding signatory to the Operating Principles for Impact Management, a new market standard for impact investing introduced by the IFC, a member of the World Bank Group. KKR joins 59 other signatories, collectively representing over $350 billion in assets invested for impact, in their commitment to managing their impact investments in accordance with these Principles, which are meant to bring greater...
Liquidnet Launches EU Operations in Dublin
- 7 years 5 months ago
- Investment
Liquidnet, the global institutional investment network, announces that it has launched its EU operations in Dublin. Liquidnet EU Limited (located in Dublin’s International Financial Services Centre), has been authorised by the Central Bank of Ireland as a MiFID II investment firm and MTF operator. This new entity acts as an agency broker, ensuring Liquidnet continues to provide services to its Member community based in the European Economic Area...
Sopra Steria to buy a French core banking vendor SAB
- 7 years 5 months ago
- M&A Deals
Sopra Steria is to acquire fellow French core banking vendor SAB as part of a strategy to turn around its underperforming Banking Software division. Under the proposed transaction, Sopra Banking Software would initially acquire a majority stake in SAB and the remaining share capital in a year’s time. Founded in 1989, SAB has over two hundred references, mostly retail banks. The company generated revenue of €64.4 million in 2018. SAB boasts...
Discover Extends Relationship with Global Payments to Increase Acceptance in Hong Kong and Taiwan
- 7 years 5 months ago
- Payments
Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, and Discover Financial Services, a leading direct bank and payments services company, announced today that Global Payments is now an acquirer for all cards on the Discover Global Network in Hong Kong and Taiwan. This includes Discover, Diners Club International and affiliate partner cards.
PayU acquires digital payments company Wibmo for $70 million
- 7 years 5 months ago
- Payments, M&A Deals
PayU, an online payment service provider and Naspers’ fintech arm, today announced the acquisition of Wibmo, a Cupertino, CA-based industry leader in digital payment security and mobile payment technologies. This strategic acquisition combines PayU’s strong merchant network and Wibmo’s leadership in digital transaction security solutions to offer industry-leading payments solutions to merchants and financial institutions in India and other high...
A step ahead of the rest: Hand Dyed Shoe Company claims crown in Klarna’s ‘Smoooth Stores’ competition
- 7 years 5 months ago
- E-Commerce, Transaction Banking, Payments
With entries received from all over the UK, a visit from Hugo Taylor and a competitive voting period which saw over 5,000 votes cast by the public, The Hand Dyed Shoe Co. was crowned the winner of Klarna’s ‘Smoooth Stores’ initiative at last night’s star-studded awards.
TBC Bank buys a 51% equity stake in LLC Inspired, a leading payment platform in Uzbekistan
- 7 years 5 months ago
- Payments, M&A Deals
TBC Bank Group PLC of Georgia has entered into an agreement to acquire a 51% stake in LLC Inspired, a leading payment platform in Uzbekistan trading under the Payme brand. Payme is a leading payment service provider in Uzbekistan that supplies high-quality payment solutions to its 1.3 million customers. It facilitates utility payments, P2P transfers, loan repayments, mPOS for QR-based payments and ecommerce purchases. It also provides a...
