All content with RSS

CR2 Appoints Franky Van Damme As CEO

CR2 has today announced that its Board of Directors have appointed Franky Van Damme as Chief Executive Officer and member of the Board of Directors, effective immediately. Franky has worked with CR2 for some time, having previously held the position of non-Executive Director since May 2008.

Wednesday, July 1, 2015 - 20:00
1326
/news/people-moves/cr2-appoints-franky-van-damme-ceo
Barclays To Expand Its Cheque Imaging Service To Android Phones And iPads

Barclays is to roll out its mobile cheque imaging service to Android phones and iPad users, bringing the service within reach of one million more customers.

Wednesday, July 1, 2015 - 20:00
1327
/news/payments/barclays-expand-its-cheque-imaging-service-android-phones-and-ipads
PayPal’s Acquisition Of Xoom Highlights Its Post eBay Strategy

Only weeks ahead of its demerger from parent company eBay, PayPal has recently announced the all-cash acquisition of cross-border P2P remittance provider Xoom for $25 per share, equivalent to $890m. This latest acquisition follows on the heels of other recent notable deals including in 2015 mobile wallet platform provider Paydiant for an estimated $280m, and new breed payments gateway provider Braintree, including its domestic P2P brand Venmo, for $800m in 2013.

Wednesday, July 1, 2015 - 20:00
1328
/news/ma-deals/paypals-acquisition-xoom-highlights-its-post-ebay-strategy
ICAP Appoints Jenny Knott As CEO Post Trade Risk And Information Services

ICAP plc (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, announces the appointment of Jenny Knott as CEO Post Trade Risk and Information Services.

Jenny joins ICAP from leading African financial services group Standard Bank Group where she was CEO of Standard Bank Plc and CIB International, and most recently Strategic Advisor to the Group CEOs.

Wednesday, July 1, 2015 - 20:00
1329
/news/people-moves/icap-appoints-jenny-knott-ceo-post-trade-risk-and-information-services
Cisco Announces Intent to Acquire OpenDNS

Cisco announced its intent to acquire OpenDNS, a privately held security company based in San Francisco. OpenDNS provides advanced threat protection for any device, anywhere, anytime. The acquisition will boost Cisco's Security Everywhere approach by adding broad visibility and threat intelligence from the OpenDNS cloud delivered platform.

Wednesday, July 1, 2015 - 12:31
1315
/news/ma-deals/cisco-announces-intent-acquire-opendns
BT Creates Innovation In Financial Services With Fintech Start-ups Initiative

BT today announced a new drive to accelerate innovation in global financial markets by bringing fintech start-ups onto the BT Radianz Cloud, the world’s largest, secure networked financial community. The Radianz Cloud celebrates its 15th anniversary this year.

Fintech start-ups are a growing source of innovation in the financial markets industry.  But their small size creates challenges around market adoption, delivery and meeting the stringent contractual or compliance expectations of large financial institutions.

Tuesday, June 30, 2015 - 20:00
1311
/news/it-innovations/bt-creates-innovation-financial-services-fintech-start-ups-initiative
US Banks To Spend $16.6bn On Digital Transformation

American retail banks will spend $16.6 billion on "digital transformation initiatives" this year, according to research from IDC Financial Insights.

As the retail banking delivery model is upended, financial institutions will increasingly focus their budgets on digital transformation, with spending growing at a compound annual growth rate of 10.4% into 2019, predicts IDC.

This compares to a growth rate of just 3.9% for overall IT spending by US banks, meaning that within five years a third of tech budget will be dedicated to bringing the industry into the digital age.

Tuesday, June 30, 2015 - 20:00
1312
/news/payments/us-banks-spend-166bn-digital-transformation
Mariner Investment appoints Chief Risk Officer

Mariner Investment Group, the alternative investment manager, has appointed Dmitry Green as Chief Risk Officer. Mr. Green has managed investment risk at a number of blue chip alternative investment firms, and joins Mariner from Saba Capital where he was MD and CRO.

Mr. Green will be responsible for monitoring investment risk across all of Mariner's businesses. He will be a member of the firm's Investment and Risk committees, and will report directly to Mariner's operating committee.

Tuesday, June 30, 2015 - 20:00
1313
/news/people-moves/mariner-investment-appoints-chief-risk-officer
Singapore To Invest S$225m In Fintech Sector

Singapore has committed S$225 million over the next five years to a scheme designed to build a vibrant ecosystem for innovation in fintech.

Monetary Authority of Singapore (MAS) managing director Ravi Menon revealed the investment (around US$167 million) in the Financial Sector Technology & Innovation (FSTI) scheme during a speech.

Tuesday, June 30, 2015 - 20:00
1314
/news/investment/singapore-invest-s225m-fintech-sector
Citi Upgrades Mobile App For U.S. Clients

Citi announced today the release of its completely redesigned Citi Mobile® App for iPhone® in the U.S. The new app for consumer banking and credit card customers enables the use of the Touch ID feature on iPhone devices, integrates with Apple Watch™ and adds new features responding to customer feedback and changing behaviors.

Citi redesigned the app, consolidating menus, delivering effortless browsing, and introducing a new, simplified experience.

Tuesday, June 30, 2015 - 20:00
1316
/news/mobile-banking/citi-upgrades-mobile-app-us-clients
Citi

Pages