QNB Group: Growth Is Expected To Slow As Government Stimulus Is Eased
- 9 years 1 month ago
- Infrastructure
QNB Group has published its China Economic Insight 2016 report. The report examines recent developments and the outlook for the Chinese economy as concerns about mounting corporate debt and overheating property prices force the government to scale back stimulus. Real GDP growth has fallen steadily in recent years, eroded by slower growth in private investment and weak external demand, which has prompted the government to support the economy...
Option Market Launches at Tehran Stock Exchange
- 9 years 1 month ago
- Trading Systems, Foreign Exchange
Single Stock Option Contracts were introduced for the first time at Tehran Stock Exchange on 18 December 2016. The call option contracts started trading on the above date, and it is expected to shortly develop put option market as well. The existing option contracts are exercised as European options. On the first day of trading, more than 15000 contracts were traded in 270 transactions at the total value of IRR 25 Billion.
Ebix Acquires Rio De Janeiro Based WDEV
- 9 years 1 month ago
- M&A Deals
Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today announced that it has acquired Rio De Janeiro based WDev Soluções em Tecnologia S/A, with the goal of becoming the largest one-stop insurance software services provider in Brazil, while offering a wider repertoire of insurance related software services to prospective clients in...
Tallinn to Host the First Large Conference Devoted to Blockchain and Cryptocurrencies
- 9 years 1 month ago
- Blockchain
On March 9, 2017 the first large conference for Blockchain developers and businessmen – Blockchain & Bitcoin Conference – will be held in Tallinn. Representatives of leading IT companies, authors of startups and everyone who is interested in Blockchain technologies will come together.
SEB Taps SimCorp Dimension as Its New Back Office Solution
- 9 years 1 month ago
- Investment Management
SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that SEB, a Swedish financial services firm, has selected SimCorp Dimension as its new back office platform, including transaction processing, reconciliation, settlement,accounting and derivatives processing.
Market Gravity Predicts Banking and Finance Industry Trends for 2017
- 9 years 1 month ago
- Banking, IT Innovations, Infrastructure
Technology will continue to be one of the biggest disrupting forces in the banking and finance sector in 2017, with innovations such as blockchain, chat bots, robo-advice and virtual reality finally breaking through. In 2016, we saw the time it takes to go from breakthrough technology to mass market application reducing as technology disruptors reshaped big business practice, and this breakneck pace doesn’t show signs of abating as we enter a...
GMC Software Named as a Representative Vendor in 2016 Gartner Market Guide for Rapid Mobile App Development Tools
- 9 years 1 month ago
- Infrastructure
GMC Software (GMC), the award-winning leader in Customer Communications Management (CCM), announced today that it is listed as a Representative Vendor in Gartner’s September 2016 Market Guide for Rapid Mobile App Development Tools. The Gartner Market Guide lists 34 representative vendors offering solutions in this market. GMC Software is the only CCM vendor included.
Blackrock Capital Investment Corporation Makes Key Management Changes
- 9 years 1 month ago
- People Moves
BlackRock Capital Investment Corporation (or “BCIC”) (NASDAQ:BKCC) today announced that Michael Zugay, Head of Investments for BlackRock’s US Private Capital Group, has been named Chief Executive Officer of the company. Further, James Keenan, Global Head of Fundamental Credit at BlackRock, has been appointed as the new Chairman of the Board. The appointments of Zugay and Keenan follow the decision of Steven Sterling to leave his executive role,...
Cardlay Raises $4 Million to Usher Traditional Banks Into the Digital Age
- 9 years 1 month ago
- Banking, Infrastructure
Cardlay, a front-end Card Management Platform and Cardholder application, is announcing the release of its white label solution for banks and a $4 million funding round from private investors. The company is now forming partnerships with top-tier banks to serve as a front-end platform, assisting in optimization of their corporate account management and capitalizing on existing portfolios.
Financial Fraud: Greatest Hits of 2016
- 9 years 1 month ago
- Security, Data Protection, Fraud Detection, Compliance, AML and KYC, Security
2016 had a financial fraud being committed once every 15 seconds, compelling financial institutions to buckle up. The trend will continue through 2017 with newer, more innovative attempts. Imperative therefore to think innovatively to stay ahead of the game.
Axoni raises $18 million from leading financial institutions and venture investors
- 9 years 1 month ago
- Blockchain, IT Innovations
Axoni, a leading provider of distributed ledger technology to the financial services industry, announced today the completion of an $18 million Series A financing round led by Wells Fargo and Euclid Opportunities, ICAP’s fintech investment business, bringing Axoni’s total funding to date above $20 million. The financing round also included participation from Goldman Sachs, J.P. Morgan, Thomson Reuters, Andreessen Horowitz, FinTech Collective, F-...
Advances in Artificial Intelligence, Internet of Things, Highlight IHS Markit Top Seven Global Technology Predictions for 2017
- 9 years 1 month ago
- IT Innovations
From artificial intelligence to the Internet of Things (IoT), far-reaching innovations are unfolding in virtually every technology sector around the globe, continuing to change the way consumers, businesses and machines interact while also spurring the next revolution in tech market growth, according to a new white paper from IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions for the major industries and...
Fiserv Clients in Asia Pacific Recognized for Excellence with Industry Awards
- 9 years 2 months ago
- Banking
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today a series of recognitions for its clients in the Asia Pacific region. These accolades reflect the Fiserv commitment to innovation and enabling best-in-class results for clients and are the latest acknowledgment of the success achieved by Fiserv clients in Asia Pacific.
Munnypot launches robo-advice service
- 9 years 2 months ago
- Investment Management, Wealth Management, Consultancy
Munnypot, a new service offering affordable online financial advice, today announces it has soft launched, with the backing of respected industry partners. Munnypot is a robo-advice and investment service that anyone can use to get straightforward financial advice in a language they can understand, at a fraction of the cost of a financial adviser or wealth manager. Munnypot soft launched to consumers in December and will be ramping up its...
MetLife announces conVRse platform
- 9 years 2 months ago
- Banking, IT Innovations
MetLife in India has launched a new customer service platform available only through a virtual reality headset. The conVRse platform, launched via MetLife PNB, the insurance firm's joint venture in India, was developed in partership with its inhouse innovation team at Lumen Labs in Singapore.
