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ING announces change in Supervisory Board

ING announced today that Robert Reibestein has decided to resign from the Supervisory Board of ING Group per 1 January 2020.

Robert Reibestein was appointed to the Supervisory Board in May 2012 and started in this role per 1 January 2013. After 7 years of dedicated membership of the Supervisory Board, Robert Reibestein decided to resign because of persistent personal health issues.

In his role as ING Group Supervisory Board member, Robert Reibestein was also chairman of the Risk Committee and member of the Audit Committee and Remuneration Committee.

Thursday, October 31, 2019 - 09:56
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Alliance Investments Announces Plans to Tokenize £500m of UK Real Estate

UK-based Alliance Investments, a direct-to-developer real estate investment company, today announced its plans to tokenize £500m of real estate projects across the UK over the next several years. The first project of its real estate tokenization plan is River Plaza, a 180-unit luxury residential development that is located on the banks of River Irwell and directly opposite of Castlefield in Manchester.

Thursday, October 31, 2019 - 09:51
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Nomura makes Tsuwamono FX algorithms available on BidFX

Nomura, Asia’s global investment bank, has made its five FX algorithmic strategies available on the BidFX platform.

Clients can now access Nomura’s FX Algo Tsuwamono Series on BidFX. Each strategy offers a wide range of flexibility on executions suited to client requirements and trading preferences.

Ian Daniels, Nomura Head of eFX Distribution EMEA & Americas said: “Nomura’s FX algorithms provide substantial benefits to clients, with high levels of trading flexibility. We’re pleased that clients can now find our algorithms on BidFX.”

Thursday, October 31, 2019 - 09:07
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Nutmeg Expands Human-Led Service in Ongoing Bid for Profitability
Nutmeg

Nutmeg's head of advice Lisa Caplan has spoken to Finextra about the continued expansion of its digital wealth management offering beyond the automated investment platform for which its known.

The UK robo-adviser launched a financial planning service in late September to provide new and existing customers with guidance about their current financial situation and plans for the future.

This is distinct from the regulated automated advisory service that has been part of Nutmeg's offering since October of last year. 

Thursday, October 31, 2019 - 06:47
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Financial IT
EBA Calls on EC to Boost Cross-Border Banking and Payments
European Banking Authority

Cross-border banking and payment services in the EU are being held back by a lack of regulatory clarity and harmonisation, says the European Banking Authority (EBA).

The rise of digital services should help established and newcomer providers reach more people, including across borders, says the EBA in a report developed under its Fintech Roadmap.

However, concludes the report, the promise is not being fully realised within the EU, in part due to divergences in regulatory requirements and supervisory practices across the Member States.

Thursday, October 31, 2019 - 06:41
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Financial IT
Bitwage Launches Bitcoin Cash Payroll Payouts

For over 5 years now, Bitwage has been dedicated to raising awareness and growing the cryptocurrency ecosystem. Earlier this year, we began our goal to encompass a greater part of the cryptocurrency ecosystem outside of Bitcoin by launching Ether payrolls. Anyone around the world could receive any percentage of their wages in Ether from US, EU and UK companies.

Wednesday, October 30, 2019 - 14:56
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Financial IT
Fenergo Digital KYC Transforms Compliance in Fight Against Financial Crime

Fenergo, the leading provider of digital Client Lifecycle Management solutions (CLM) for financial institutions, today announces the product enhancement, Digital KYC, a real-time Know Your Customer (KYC) solution for financial institutions seeking to automate and perpetuate KYC compliance reviews.

The rules-driven Digital KYC solution delivers a risk-based approach to ongoing KYC to increase operational efficiency, lower the cost of compliance, achieve regulatory certainty and optimise client experiences. 

Wednesday, October 30, 2019 - 13:17
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Uber launched Uber Money

Uber introduced Uber Money, a team within Uber working on financial products and technologies that deliver additional value for the Uber community, all at Uber speed.

We’re excited to kick things off with several new features and improvements coming this year:

Wednesday, October 30, 2019 - 12:02
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Trade Ledger announces £1.5m funding round led by Hambro Perks

Trade Ledger, the ground-breaking business lending platform, which automates commercial lending processes for global banks and alternative finance providers, today announces strategic investment in a £1.5M round led by Hambro Perks, to further accelerate revenue growth.

Wednesday, October 30, 2019 - 11:42
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Financial IT
Modulr to invest £20m to supercharge Scottish fintech

Edinburgh-based FinTech 

Wednesday, October 30, 2019 - 11:34
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Financial IT

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