Scottish Widows has partnered with Origo to enhance its letter of authority process for advisers across its business, which will cut turnaround times and improve the quality of information.
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Thunes, the Smart Superhighway to move money around the world, has announced the rollout of real-time cross-border payments into Saudi Arabia. Through its Direct Global Network, Thunes' Members can now deliver instant payouts directly to bank accounts and wallets in the Kingdom in Saudi Riyals (SAR), streamlining transactions for both individuals and businesses.
Many financial institutions consider regulatory compliance the main obstacle to innovation. And some may argue that this thinking makes sense: rules are complex, oversight is increasing, and non-compliance can carry severe consequences.
PensionBee, a leader in the consumer retirement market, today announces the appointment of Maike Currie as Vice President of Personal Finance.
Finastra, a global leader in financial services software, today announced the availability of new functionality within Fusion Invest to serve the specific needs of annuities carriers. Enhancements include the automation of dynamic hedging of annuity contracts, providing greater transparency and operational efficiency for both traders and risk management teams.
Dotfile, Europe’s leading AI‑powered compliance operating system, today announced Dotfile Autonomy, the industry‑first fully autonomous AI platform for Know Your Business (KYB) case review. Autonomy enables fintechs and financial institutions to fully automate routine KYB/AML workflows while maintaining regulatory oversight and end‑to‑end auditability.
Next Generation NGPES, a France-based fintech company, has integrated technology from leading blockchain data platform Chainalysis into its systems. The move comes as the firm finalizes the launch of its new-generation payment ecosystem NGPES and a regulated EUR-pegged stablecoin, both designed to bridge traditional (TradFi) and digital finance.
New fintech startup Chest, a cash rewards-to-pension app, is inviting young people to join its 1200-strong community lining up to be amongst the first to open a Chest pension when it launches this Autumn.
Aven, the pioneer in home equity-backed credit cards, today announced a $110 million Series E financing at a $2.2 billion post-money valuation — more than double its valuation from a year ago. The round was led by Khosla Ventures, with participation from existing investors General Catalyst, Caffeinated Capital, GIC, Electric Capital, and Founders Fund.