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European Investment Bank and Azimo Sign EUR20 Million Debt Venture Deal
The European Investment Bank (EIB)

The European Investment Bank (EIB) and Azimo, the European money transfer service, today announced a EUR 20 million debt agreement.

The financing is supported by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe.

The loan will help Azimo accelerate its expansion, including the development of its proprietary automated payments platform. Currently, some 130 of Azimo’s 160 total staff are based in Kraków, and EIB financing will enable the company to grow its technical team there more rapidly.

Wednesday, February 5, 2020 - 05:43
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/news/payments/european-investment-bank-and-azimo-sign-eur20-million-debt-venture-deal
Financial IT
Bankable Announces Strategic Collaboration with Visa to Continue Growing Globally

Bankable, the global architect of “Banking as a Service” solutions, today announced a strategic collaboration with Visa in the United States. Bankable aims to provide Visa’s U.S. clients, including corporate and financial institutions, access to its real-time and modular banking solutions, enabling them to deploy digital banking and faster payment services. To accommodate ongoing work in the U.S., Bankable is opening an office in New York, which is Bankable’s fourth office after London, Brussels and Dubai.

Tuesday, February 4, 2020 - 13:28
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/news/payments/bankable-announces-strategic-collaboration-visa-continue-growing-globally
Financial IT
CQG Partners with DVeX to Offer Front-End Platforms to New Cryptocurrency Exchange

 CQG, a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges, today announced the establishment of a partnership with DVeX, a new cryptocurrency exchange built by and for institutional traders.  The firms have collaborated to offer CQG front-end platforms to DVeX clients for cutting-edge trading tools and analytics, effective immediately.

Tuesday, February 4, 2020 - 13:17
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/news/trading-systems/cqg-partners-dvex-offer-front-end-platforms-new-cryptocurrency-exchange
Encompass receives £1.97m grant to develop AI tool for the financial services sector

Glasgow-based regulatory technology (regtech) firm Encompass has received a £1.97m research and development (R&D) grant from Scottish Enterprise to develop an Artificial Intelligence (AI) Platform for its financial services clients, it was announced by First Minister Nicola Sturgeon today.

The funding is part of a project with a total value of £4.9m, which will create 33 new high-value RegTech jobs in the city.

Tuesday, February 4, 2020 - 12:57
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/news/artificial-intelligence/encompass-receives-ps197m-grant-develop-ai-tool-financial-services
Financial IT
Global Enterprises and Merchants Unprepared as Fraudsters Focus on Rewards Programs

 Forter, the leader in e-commerce fraud prevention, today announced availability of the Forter Loyalty Program Protection solution to protect high value rewards programs from fraud and abuse, enabling

Tuesday, February 4, 2020 - 11:41
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/news/security/global-enterprises-and-merchants-unprepared-fraudsters-focus-rewards-programs
Financial IT
Berenberg and Backbase make digital portal a reality

Berenberg announces the launch of its customer-centric digital Wealth Management portal. This follows a successful pilot after working with Backbase to update its digital offering. This portal is a direct response to the growing demand from Berenberg’s clients for a partner in Wealth Management capable of catering to clients across all channels.

Tuesday, February 4, 2020 - 11:38
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/news/wealth-management/berenberg-and-backbase-make-digital-portal-reality-0
Financial IT
ING Research: Customers Willing to Drop Brands Based on Perceived Environmental Impact

A new global survey commissioned by ING shows consumer attitudes have reached a tipping point, leading them to avoid brands that don’t prioritize sustainability and environmental issues. Despite demanding change, customers will still engage in the linear ‘convenience economy’ model of ‘take, make and waste’ unless companies offer a more seamless transition towards the ‘circular economy’.

Tuesday, February 4, 2020 - 11:35
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Financial IT
MuchBetter launches personal IBAN service for secure, hassle free deposits

 MuchBetter, the award winning iGaming payments company, today announced the launch of a unique payments service allowing customers to set up a personal IBAN (International Bank Account Number) for use with their MuchBetter accounts, that can be paired with their iGaming accounts. The IBAN service is a free, private and straightforward way for players to transfer payments to their most frequently used iGaming accounts. 

Tuesday, February 4, 2020 - 11:22
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/news/payments/muchbetter-launches-personal-iban-service-secure-hassle-free-deposits
Financial IT
ClearCourse appoints new Chief Financial Officer and Chief Commercial Officer

ClearCourse ( or “the Group”), a group of innovative technology companies providing digital services, work-flow solutions, and payments capabilities to the membership, events & bookings, sports & lifestyle and healthcare sectors, announces today that it has made two key senior hires. Jonathan Tiverton Brown has been appointed as Chief Financial Officer and Keith Bell joins the group as Chief Commercial Officer.

Tuesday, February 4, 2020 - 09:45
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/news/people-moves/clearcourse-appoints-new-chief-financial-officer-and-chief-commercial-officer
EMVCo certifies Trustonic to secure mobile payments apps

Mobile device and app security leader Trustonic today announces that its trusted execution environment (TEE)* solution is the first hardware-backed TEE to complete the EMVCo Software-Based Mobile Payments security evaluation process.

Tuesday, February 4, 2020 - 08:24
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/news/payments/emvco-certifies-trustonic-secure-mobile-payments-apps

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