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UniCredit to Axe 8000 Jobs
UniCredit

Italy's UniCredit says it will cut 8000 jobs and close 500 branches over the next three years as part of a programme to boost shareholder value.

The bank's 'Team 23' programme aims to increase net profit to EUR5 billion by 2023 and enable it to return EUR8 billion to shareholders through buybacks.

To help achieve this, there will be major job cuts and branch closures in Italy, as well as some in Germany and Austria.

Meanwhile UniCredit has set a target of increasing the percentage of customers that banks digitally from 45% to 60%.

Friday, December 6, 2019 - 11:34
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/news/retail-banking/unicredit-axe-8000-jobs
Financial IT
mthree Makes Raft of Hires as Part of Global Restructure
mthree

Emerging technology talent specialist mthree has made a string of senior hires as part of its continued growth.

 

mthree, which works with leading global investment banks and fintechs, now employs more than 600 staff across four continents. The new hires come after the business reported record revenues in 2018 and are on-track to go beyond that with revenues of c. £39m in 2019.

 

Friday, December 6, 2019 - 11:30
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/news/people-moves/mthree-makes-raft-hires-part-global-restructure
Financial IT
Wirecard provides seamless payment solutions to ride hailing platform CarGo Technologies

Wirecard, the global innovation leader for digital financial technology is cooperating with CarGo Technologies for seamless payment solutions. The goal is to team up for all in-app payments for the ride hailing platform in Belgrade, Vienna and Zurich where CarGo Technologies is present, and as a payment partner for the company’s expansion.

Friday, December 6, 2019 - 10:44
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/news/payments/wirecard-provides-seamless-payment-solutions-ride-hailing-platform-cargo-technologies
Mexican SMB Lender Konfio Lands $100 Million in Funding
Konfio

Mexican small business lender Konfio has completed a $100 million funding round led by SoftBank's Latin American fund.

Vostok Emerging Finance also supported the funding round along with other existing investors QED and Kaszek Ventures.

Founded in 2014, Konfio uses technology, data analytics, and artificial intelligence to provide funding for companies, many without any formal credit history.

Friday, December 6, 2019 - 10:35
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/news/artificial-intelligence/mexican-smb-lender-konfio-lands-100-million-funding
Financial IT
Esma Proposes Development of Consolidated Tape for European Equities
Esma

Europe's top securities regulator has recommended the establishment of a real-time consolidated ticker tape to improve transparency for equities across the EU's fragmented markets.

Friday, December 6, 2019 - 10:31
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/news/regulatory-standards/esma-proposes-development-consolidated-tape-european-equities
Financial IT
Yolt Chief Moves Back to ING
ING

Frank Jan Risseeuw, CEO of account aggregation platform Yolt, is moving across to ING to take charge of the Dutch bank's 'Model Bank' strategy.

One of the cornerstones of ING’s Think Forward Strategy projects, Risseeuw will lead the integration of four ING Retail countries to a new single banking platform.

Friday, December 6, 2019 - 10:27
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/news/banking/yolt-chief-moves-back-ing
Financial IT
Deloitte Predicts 'Japanification' of Banking in 2020s
Deloitte

Leaders of banks need to look beyond banking in anticipation of disruption to their industry in the next decade, according to Deloitte.

In its '2020 banking and capital markets outlook' report, the Big Four firm highlights its forecasts for financial services in the next year and beyond.

Deloitte's broad prediction for the next decade is that of a consolidated industry with fewer banks existing in ten years' time. Fintechs will become mainstream players while the incumbents will adjust their strategies to compete.

Friday, December 6, 2019 - 10:24
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/news/retail-banking/deloitte-predicts-japanification-banking-2020s
Financial IT
Keesing Technologies launches unique industry platform

Keesing Technologies, the leading global identity verification provider, announces the launch of Keesing Platform: the new online information source for and by anyone involved in the security document and identity management industry. The platform will replace one of the world’s most renowned magazines of the industry; the Keesing Journal of Documents & Identity (KJD&I).

Friday, December 6, 2019 - 09:48
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/news/digital-identity/keesing-technologies-launches-unique-industry-platform
From card issuers to retailers: how biometric smart cards benefit the entire payments ecosystem

With the roll-out of biometric fingerprint authentication smart cards, consumers will soon be able to make payments feeling more confident about the heightened security their new cards will offer. However, it’s not just consumers that stand to benefit from this advanced technology. Biometric payment cards will impact the entire ecosystem - from payment networks, smart card and secure Integrated Circuit (IC) vendors, through to biometric sensor manufacturers, retailers and merchants.

Friday, December 6, 2019 - 09:45
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/blog/biometrics/card-issuers-retailers-how-biometric-smart-cards-benefit-entire-payments-ecosystem
An interview with Darcy Sullivan, Vice President - Corporate Communications at FICO

Financial IT speaks with Darcy Sullivan, Vice President - Corporate Communications at FICO

Friday, December 6, 2019 - 09:30
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/content/interview-darcy-sullivan-vice-president-corporate-communications-fico

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