As the first Swedish asset manager, Handelsbanken releases five new Paris aligned index funds tracking Solactive indices. Right from their inception, the new portfolios will exceed the minimum requirements of Paris-aligned Benchmarks and start with a reduction of greenhouse gas  emission levels of 55%. As a pathbreaking act, the Swedish bank reallocates capital from five non-PAB aligned funds to these new benchmarks. 

 NiyoX – a 2-in-1 wealth plus savings account powered by India’s leading digital banking fintech Niyo – on-boards 100,000 customers in less than two months of its launch. At a time when more than 80% of the country is under lockdown-like restrictions, the relevance and need of having a digital savings account has increased exponentially. NiyoX is on track to on-board 2 million customers by FY21-22.

Comviva, one of the global leaders in providing digital financial solutions, today announced that it has partnered with Accura Scan, one of the world’s leading and most advanced digital KYC (Know Your Customers) and identity verification service provider.

Philly Fed Index Slumps; Up Next, Global Sales, PMI’s

Today, exchanges across the cryptocurrency sector, including market leaders like Binance and Coinbase, were plagued with service disruptions. According to Yahoo! Finance, Coinbase was “investigating delays in withdrawals for ethereum and ERC-20 tokens due to network congestion,” while the platform itself experienced “intermittent downtime.” Binance also announced “temporary halts on ethereum and ERC-20 withdrawals.”

Turning down business and vetting potential clients before they agree to a deal has become the norm for a software company that remains one of the service industry’s best-kept secrets. Businesses invest thousands in technology and often don’t achieve the expected rewards.

When implementing software, a poor return on investment is endemic across every industry. These failures can normally be split into three main areas: Planning, People and Price.

Waters Technology has announced Alveo, a leading financial data management solutions provider, as the winner of the prestigious Inside Market Data and Inside Reference Data Best Reference Data Managed Service award for 2021. The award follows increased adoption of, and momentum for Alveo’s PaSS managed data service with recent customers, including Mediolanum International Funds Limited, Bankia and Venerable Insurance and Annuity Company.

As the new tax year approaches, we’re seeing consumers across the country looking to take advantage of their tax-free ISA allowance. However, as they open ISAs and seek out the best ISA deals, consumers are also putting themselves at risk of being targeted by fraudsters. This is especially true this year, with financial services now operating remotely across digital platforms.

Over the last few years the rise of digital banks has posed an interesting challenge to the UK bank industry – can traditional players keep up with consumer demands for digital products and services?

But over a year on from the pandemic, the mood has shifted. Where digital disruptors were once eating into traditional banks’ customer pools with new app-based smart banking solutions, now they are having to work harder to hold onto customers. 

The banking and finance industry is changing quickly. As consumers become more comfortable with ecommerce through smartphones and epayments, so too have they begun to expect the same level of service from their banks. This has fuelled the rise of disruptive digital competitors in retail banking –  who put user experience first –  and put older institutions, burdened with legacy systems, at a disadvantage.