BHSI Welcomes Ulrich Kremer as Senior Vice President, Claims, Northern Europe
- 8 years 6 months ago
- People Moves
Berkshire Hathaway Specialty Insurance Company (BHSI) today announced that it has expanded its Northern European operations, appointing Ulrich Kremer as Senior Vice President, Claims, Northern Europe. “Ulrich brings to BHSI extensive experience in both the legal and strategic aspects of managing complex claims,” said Gregor Koehler, President, Northern Europe, BHSI. “Under his capable leadership, we look forward to expanding our claims team and...
ZestFinance Receives Strategic Investment from Baidu
- 8 years 6 months ago
- Investment
ZestFinance has received a strategic investment from Baidu, the leading Chinese language Internet search provider. ZestFinance is a Los Angeles-based company that uses machine learning to transform vast amounts of complex data into credit scores. Artificial intelligence experts and data scientists at both companies plan to work together to apply ZestFinance’s underwriting technology to Baidu’s search, location, and payment data in order to...
Gulf Bank Gets Distinction by IFM 2016 Awards
- 8 years 6 months ago
- Banking, Retail Banking
London-based International Finance Magazine has conferred the 2016 award for 'Best Retail Bank' and 'Best Retail Customer Service Bank' in Kuwait to Gulf Bank. Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 56 branches strategically positioned in key locations in Kuwait.
Lloyds Banking Group New Mentoring Scheme Helps FinTech Start-Ups to Boost Expertise
- 8 years 6 months ago
- FinTech StartUps, IT Innovations, Infrastructure
Coinciding with the start of FinTech Week 2016, Lloyds Banking Group has today announced the launch of a new mentoring scheme that will see FinTech start-ups able to access the broad expertise of its colleagues from across the Group. The FinTech start-ups will benefit from knowledge sharing of experienced Lloyds Banking Group staff to aid their development in the financial and technology sector. The support offered includes refining concepts to...
SS&C Advent Named as ‘Best Accounting System Provider’ in the 2016 Waters Rankings
- 8 years 6 months ago
- Accounting, Infrastructure
SS&C Technologies announced that SS&C Advent has been named “Best Accounting System Provider” for its Geneva®portfolio management solution in the 2016 Waters Rankings. The award was presented yesterday during the Waters Rankings luncheon at The Metropolitan Club in New York. The Waters Rankings awards, now in its 14th year, recognizes the leading technologies and vendors nominated in Waters Technology's only awards program where the...
HID Global Reports the Acquisition of DemoTeller
- 8 years 6 months ago
- M&A Deals
HID Global has acquired DemoTeller, a leading provider of instant issuance solutions for the financial market. With this acquisition, HID Global is now able to address the needs of financial institutions and retailers for instant issuance of personalized financial or payment cards, such as a “chip card,” with a fully integrated solution. DemoTeller adds solution, installation and maintenance services to broaden HID Global’s secure issuance...
Deutsche Bank Names Patricia Giangrande as Global Head of Business Control Officer
- 8 years 6 months ago
- People Moves
Deutsche Bank’s Global Transaction Banking unit today announced that Patricia Giangrande has rejoined the Bank as a Managing Director and Global Head of the Business Control Office function for Institutional Cash Management (ICM). Giangrande will be based in New York and report to Susan Skerritt, Chairwoman, President and CEO of Deutsche Bank Trust Company Americas; Global Head of ICM and Head of Global Transaction Banking Americas. Giangrande...
FIS and Payment Alliance International Provide Cardless Cash to US Consumers
- 8 years 6 months ago
- Payments, Infrastructure
FIS Cardless Cash®, the market-leading mobile solution that avoids using a plastic card at the ATM to withdraw funds, will expand across the United States thanks to a new partnership between FIS™ , a global leader in financial services technology, and
TMX Enhances Razor Risk to Meet New Market Risk Standards
- 8 years 6 months ago
- Trading Systems, Risk Management
TMX Insights today announced that Razor Risk™, its risk management solution, meets the new minimum capital requirements for market risk standards finalized by the Basel Committee on Banking Supervision in January 2016. Razor Risk offers financial institutions the ability to calculate and manage market risk capital and performance across desks, business lines and “top of house”.
CreditexchangeTM Receives Investment Boosts from Kuber FinancialTM
- 8 years 6 months ago
- Investment
Creditexchange, India’s first hybrid digital consumer loans platform and institutional marketplace, has announced that it has raised an undisclosed amount of funding from Kuber Financial as part of its $500,000 seed round.
Lloyds Banking Group: Online Lending to Small Businesses Soars in Two Years
- 8 years 6 months ago
- Alternative Finance
The latest figures for Lloyds Banking Group, which includes Lloyds Bank and Bank of Scotland, show that the total amount of online lending to small businesses has doubled in the past two years*, as more businesses are making the move online to manage their banking. The annual value of online lending to small businesses (those with a turnover of less than £1m) is increasing at an even greater rate, with online lending to small business customers...
Wirecard Provides Global Payment Solutions for My.com
- 8 years 6 months ago
- Payments
Aschheim (Munich). The Wirecard Group has started a cooperation with My.com – a company building an integrated communication and entertainment platform that offers a family of games and mobile apps, including MAPS.ME and myMail. As payment service provider, Wirecard enables a consistent payment experience across different countries. My.com, a subsidiary of the Russian Mail.Ru Group, benefits from the opportunity to enable global credit card...
Freedom Finance Closes the Acquition of Sensible Home Finance
- 8 years 6 months ago
- M&A Deals
Freedom Finance, the leading loan platform, has agreed a deal to acquire Sensible Home Finance, the UK mortgage and loan broker. The deal is part of a wider growth strategy to secure Freedom Finance’s place as the pre-eminent loan platform in the UK.
SETL Completes Initial Funding and Announces Board Appointments
- 8 years 6 months ago
- Blockchain, Payments
SETL, the London based institutional payment and settlement infrastructure based on blockchain technology, announced the completion of its first round of private fundraising today.
CalPERS Appoints Marcie Frost As New Chief Executive
- 8 years 6 months ago
- People Moves
The California Public Employees' Retirement System (CalPERS) Board of Administration announced today that it has named Marcie Frost as the Pension Fund's new chief executive officer (CEO). Frost, 51, is a 16-year veteran of the pension industry, having most recently served as the director of the Washington State Department of Retirement Systems (DRS). She will start her new role with CalPERS on October 3, 2016, replacing Anne Stausboll who...
