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Singapore's MAS announces S$30m cybersecurity capabilities grant

The Monetary Authority of Singapore (MAS) today announced the launch of a new S$30 million Cybersecurity Capabilities Grant to strengthen the cyber resilience of the financial sector in Singapore and help financial institutions develop local talent in cybersecurity.

2 The Grant, funded under the Financial Sector Technology and Innovation Scheme (FSTI)1, will support the development of advanced cybersecurity functions2 in Singapore-based financial institutions. The Grant will co-fund up to 50% of qualifying expenses, capped at S$3 million, for:

Tuesday, December 4, 2018 - 07:14
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Infosys Research: Data Analytics Most Instrumental in Enhancing Customer Experience and Lowering Risk for Organizations

Infosys (NYSE: 

Tuesday, December 4, 2018 - 07:10
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Financial IT
Saxo Bank’s 10 Outrageous Predictions for 2019:

Will this be the year when Germany enters recession, Apple “secures funding” for Tesla, Trump tells Powell “you’re fired” and Labour sweeps to a resounding victory and names Jeremy Corbyn as prime minister sending GBPUSD to parity?

Tuesday, December 4, 2018 - 07:04
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Financial IT
Update on the Acquisition of Cavendish Corporate Finance (UK) Limited and members’ interest of Cavendish Corporate Finance LLP and Admission to Trading on AIM

finnCap Group plc ("finnCap" or the “Company”), a leading adviser and broker to ambitious growth companies both public and private, is delighted to announce that it has successfully completed its fundraising with institutional and retail investors, raising £5 million (before expenses)(the “Placing”). This consists of £3.75 million of new money which will be used to partially fund the cash consideration for the Acquisition and £1.25 million on behalf of selling shareholders.

Tuesday, December 4, 2018 - 07:00
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Camel Financial Partners With EBANX for Payment Processing in Latin America

Camel Financial, a cross-border fintech company and the financial arm of DHgate, is now processing online payments in Latin America with EBANX, a global fintech company with Latin American DNA that offers local payment solutions from the region to international websites. This partnership enables DHgate, a global ecommerce giant that sells to 222 countries, to accept over 100 local payment methods from Brazil, Mexico, Argentina, Colombia, Chile, Peru, and Ecuador.

Tuesday, December 4, 2018 - 06:53
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Financial IT interview with Glenn Shoosmith, CEO of BookingBug at MoneyLive 2018

Financial IT interview with Glenn Shoosmith, CEO of BookingBug at MoneyLive 2018

Tuesday, December 4, 2018 - 06:50
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Financial IT
Swiss Government is Putting Special Focus on Blockchain

250 participants attended Infrachain 18, the first blockchain conference focused on the public sector and infrastructure. Federal Councillor Ueli Maurer welcomed the conference attendees at Stade de Suisse in Bern, stating that: “Switzerland has a great hand of cards when it comes to the development and use cases of the blockchain technology.” To keep its pole position, six existing laws will be amended. The report by the Federal Council will be published in two weeks. 

Tuesday, December 4, 2018 - 06:49
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Financial IT
Can AI Make Insurance Claims More Human?

Senior claims executives from leading insurance companies will participate in a live and free webinar hosted by Insurance Nexus, exploring whether AI can be the solution for efficient, hyper-personalized claims at scale.

Tuesday, December 4, 2018 - 05:13
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Financial IT
Not a Hot Trend Anymore – Will the Demand for Cryptocurrency Decline?

It’s easy to look at the price action of Bitcoin and other cryptocurrencies over the course of 2018 and think that the whole thing has just blown up and the “fad” is over.

However, looking at the price alone is deceptive. A lot of the massive runup over the last half of 2017 was created by naïve retail investors jumping on what the media had painted as “the next big thing”. Many were badly burned as the same money poured out at the start of the year. Understandably, these investors need some time to heal before they start buying cryptocurrencies again.

Tuesday, December 4, 2018 - 04:20
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Financial IT
Libra Internet Bank implemented Allevo’s PoC for PSD2

Libra Internet Bank assessed Allevo’s FinTP-Connect solution, given the requirements of the revised Payment Services Directive – PSD2.

Tuesday, December 4, 2018 - 04:01
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Financial IT

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