Asset Control, the leading provider of proven, cloud-based data management for financial data analytics and data quality, is pleased to announce that it has hired Daniel Kennedy as its new Head of Sales (Asia Pacific) to accelerate growth in the region.

Prior to joining Asset Control, Daniel served as VP – Head of Sales – Global Trading, Buyside & Post Trade at FIS. Daniel led the commercial team responsible for FIS' buyside and sellside solutions business across South East Asia and Australia. Kennedy will be based in Asset Control’s Singapore office.  

As financial portfolios become more complex, financial trusts are becoming increasingly common, because they can be shaped to serve a variety of purposes. Trusts are routinely used as tools for gifting, asset management, inheritance tax planning and protection from creditors. They can be established whilst those involved are living, or can be included in a will to be established after death. But what happens in divorce?

Due to provisions in the recently enacted CARES Act, financial services organizations are facing an unprecedented influx of loan applications and the need to expedite Know-Your-Customer (KYC) operations and procedures, which are often manual and time consuming.

Appian today announced an application built on its Low-Code Automation Platform to support accredited lenders across the UK to manage the Coronavirus Business Interruption Loan Scheme (CBILS) applications from businesses, as well as the anticipated Coronavirus Large Business Interruption Loan Scheme (CLBILS). The new loan application can automate and check eligibility, process and verify required supporting documents, and make lending decisions faster.

Allica Bank – the business bank that seeks to empower small and medium sized businesses – has today announced the launch of its first deposit account, for retail savers.

The FSCS protected accounts will offer a 1.49% rate of interest, fixed for 12 months. Accounts can be opened online and managed through the bank’s internet banking platform and secure messaging service.

Lithuanian EMI SatchelPay has announced a partnership with AMLYZE, a financial crime prevention platform also based out of Lithuania, aimed at proactively dealing with regulatory compliance and improving the online banking platform’s security.

After the Bank of Lithuania moved to resume all of SatchelPay’s services in November of 2019, the fintech firm has shown itself eager to establish a more evolved institutional paradigm, conducive to growth and in tune with industry projections.

As charities around the world are feeling the unprecedented pressure caused by COVID-19, the UK charity sector is expected to lose over £4 billion in the upcoming weeks and months due to fundraising events being cancelled and places of worship closing their doors. In these uncertain times, mobile technology is enabling charities to collect donations remotely.

ZA Bank, the first virtual bank in Hong Kong, has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory reporting software.

OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in 30 countries.

Meniga (www.meniga.com), a leading provider of digital banking technology, has partnered with global banking and financial services company, UniCredit, to launch an enhanced version of the popular Smart Banking app in the Czech Republic.

The development of the new Smart Banking app follows Meniga’s and UniCredit’s collaboration on the successful launch of the Mbanking app, in Serbia in 2019.

Today, a new report by Klarna, the leading global payments provider enabling over seven million consumers in the UK to pay later in store and online, analyses the psyche of consumer purchasing habits and what retailers can do to stay relevant in a post COVID-19 world.