MFS Africa Connects 120 million Mobile Wallets in Sub-Saharan Africa
- 8 years 2 months ago
- Payments
MFS Africa, the leading Pan-African fintech company, today announced that its MFS Hub is now connected to 120 million mobile wallets in Sub-Saharan Africa. Through partnerships with mobile network operators including Airtel, Econet, MTN, Orange, Tigo and Vodafone, MFS Africa now has unparalleled reach into mobile wallets across the continent. The MFS Hub scales transactions across networks and borders to create greater value for customers and...
Wolters Kluwer Notifies Banks to Prepare Systems for Plethora of New Global Accounting and Regulatory Frameworks
- 8 years 2 months ago
- Regulatory Standards, Accounting
As deadlines loom for a plethora of new accounting and regulatory frameworks, firms across Europe, Asia Pacific and the Americas must ensure they have the right finance, risk and regulatory reporting management structures and systems in place to meet the challenges ahead.
Younger Millennials Are Not Financially Independent and Slower to Embrace Fintech
- 8 years 2 months ago
- IT Innovations, Infrastructure
New research has found that the millennials classification is not a meaningful way for financial institutions and FinTechs to understand those aged between 18 and 34. The findings suggest that younger and older millennials have divergent financial priorities, exhibit disparate financial behaviours, especially around digital finance, and have different tolerance levels for customer experience issues. Financial services providers need to re-...
PayKey Raises Series A Round with Investors Including Santander InnoVentures
- 8 years 2 months ago
- FinTech StartUps
PayKey, a social Fintech company that enables banks to provide their users with peer to peer payment options through any social and messaging platform, today announced a $6 million Series A funding round co-led by leading global venture capital firm, e.ventures and Gaby Salem of Wharton Asset Management, with investments from new investors, including financial-sector leaders CommerzVentures, Mastercard and Santander InnoVentures, Digital Leaders...
CoInvestor Study Reveals Private Investors Take Control for Higher Returns
- 8 years 2 months ago
- Investment, Investment Management
Ahead of the Government’s Autumn Statement, alternative assets platform CoInvestor urges the Chancellor not to move further away from the pensions freedoms which have given investors more control and choice over their investments. Nearly half (48%) of mass affluent Britons benefitting from the Government’s changes to pensions legislation in 2015, said this was because it gave them control of their own investments, research carried out by YouGov...
Meed Unveils Mobile Banking Program Together with Maritime Bank of Vietnam
- 8 years 2 months ago
- Mobile Banking
Meed announced today the launch of its innovative mobile banking program together with Maritime Commercial Joint Stock Bank (Maritime Bank) of Vietnam. With its new platform now live, Meed is able to offer its target segment of underserved but digitally savvy individuals access to banking and payment services through a subscription model that is consistent with how they consume other digital services today.
Dinosaur Merchant Bank Limited Opts for Ancoa Surveillance to Meet MAR
- 8 years 2 months ago
- Compliance
Ancoa, provider of contextual surveillance and insightful analytics for exchanges, regulators, buy & sell-side firms, today announced that Dinosaur Merchant Bank Limited has deployed Ancoa’s surveillance platform to monitor their equity trading activity for instances of market abuse and to meet their obligations under MAR (Market Abuse Regulation). Dinosaur Merchant Bank Limited combines global investment banking and advisory services, a...
Verifone Engage Goes Live in Europe
- 8 years 2 months ago
- Infrastructure
Verifone announces the European launch of Verifone Engage with the all-in-one countertop solution, Verifone V200c, installed at Anne Rueschenschmidt, a boutique fashion retailer in Rheine in northern Germany. A key strategic milestone in building a commerce-enabled payment infrastructure in Europe, Verifone Engage family of devices are now available to small- to medium-sized businesses (SMB) across Germany through InterCard, a leading network...
DTCC Adds Canadian Trade Reporting Capabilities to Its Global Trade Repository Service
- 8 years 2 months ago
- Trading Systems
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announces that its Global Trade Repository (GTR), through its locally registered trade repository, has added trade repository services for Newfoundland and Labrador. With this addition, GTR now supports all Canadian provinces and territories, with existing support for Alberta, British Columbia,...
Big Data & Analytics for Banking Summit
- 8 years 2 months ago
- Big Data
Unite with 150+ senior financial professionals including speakers from Citi, Goldman Sachs, Northern Trust, New York Community Bank & loads more. Hear how banks are leveraging Big Data to support business decision-making across their organization, from customer insight to combatting fraud and risk, and explore key topics including Cryptocurrencies, Machine Learning and Credit Risk Modeling.
Eseye Introduces AnyNet Secure Technology
- 8 years 2 months ago
- Security
Eseye, a leading global cellular machine-to-machine (M2M) connectivity provider for Internet of Things (IoT) devices has announced the launch of its new, revolutionary AnyNet Secure technology; a SIM designed to counter the threat of IoT security breaches and work with both cloud-based and enterprise data management platforms.
ICBC Singapore Opts for Thomson Reuters Electronic Trading
- 8 years 2 months ago
- Trading Systems
Industrial and Commercial Bank of China Limited (ICBC) Singapore Branch has adopted Thomson Reuters FX e-commerce solution Electronic Trading to strengthen its presence in the foreign exchange market. ICBC is the first Chinese bank to adopt this next generation solution from Thomson Reuters.
Thomson Reuters Named Benchmark Administrator & Calculation Agent for the Saudi Arabian Interbank Offer Rate
- 8 years 2 months ago
- Infrastructure
Thomson Reuters announced today that it was selected as benchmark administrator and calculation agent for the Saudi Arabian Interbank Offer Rate (SAIBOR). The appointment is part of an agreement with the Saudi Arabian banking industry. The arrangement is authorised by the Saudi Arabian Monetary Authority (SAMA), as part of its regulatory mandate over the banking sector, where this initiative will enhance the governance process for setting SAIBOR...
Energy Federal Credit Union to Merge with PenFed
- 8 years 2 months ago
- M&A Deals
By an overwhelming margin, members of Energy Federal Credit Union of Rockville, Md., voted to merge with America's second-largest federal credit union, PenFed Credit Union of Tysons, Va.
ICAP Names Stuart Connolly As Head of Client Product Development for Post Trade Risk and Information
- 8 years 2 months ago
- People Moves
ICAP, a leading markets operator and provider of post trade risk mitigation and information services, announces today that it has appointed Stuart Connolly as Head of Client Product Development for its Post Trade Risk and Information (PTRI) division, effective Monday 21 November. In this newly created role, Stuart will report to Jenny Knott, Chief Executive Officer for PTRI, and will be based in London.
