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BM&FBovespa and Cetip Merge to form B3

Today B3 is born to provide the best financial market infrastructure that is complemented by a wide range of products and services. It results from alliance of BM&FBOVESPA, one of the largest exchanges in the world in terms of market capitalization, and CETIP, the largest depository for private sector debt securities in Latin America. Together, BM&FBOVESPA and CETIP become a company that is far more than the sum of its parts, with substantial benefits for clients and business partners. B3 is better suited for facing a dynamic, challenging and globally competitive market.

Friday, March 31, 2017 - 11:12
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Financial IT
Brexit Britain: Are Corporate Tax Cuts Enough for SMEs?

As corporate tax is set to drop on April 1st from 20% to 19%, the lowest rate in the G20, change is coming to the UK market.

Friday, March 31, 2017 - 11:03
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Citibank to repay $5 million for inability to disclose A$ international transaction fees

Citigroup Pty Limited has to pay approximately $5 million to around 230,000 customers, for failing to properly disclose that credit card international transaction fees apply to Australian dollar transactions where the merchant uses an entity based overseas to process its transactions.

Friday, March 31, 2017 - 10:59
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/news/credit-cards/citibank-repay-5-million-inability-disclose-international-transaction-fees
Financial IT
ATB Financial Unveils Customer Onboarding Innovation Challenge

ATB Financial has joined forces with KPMG in Canada and global fintech matchmaking firm, Matchi to run a Customer Onboarding Innovation Challenge that aims to reimagine customer onboarding and management through collaboration with fintech firms. 

Friday, March 31, 2017 - 10:49
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/news/infrastructure/atb-financial-unveils-customer-onboarding-innovation-challenge
Financial IT
Otherwise Raises €1.6 Million to Boost Growth

Otherwise, France’s first peer-to-peer insurance platform, renovates insurance, followed by launches of the first P2P health insurance product digital, fair and community-driven.

Friday, March 31, 2017 - 10:29
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/news/platform-technology/otherwise-raises-eu16-million-boost-growth
Financial IT
Custom Connect Launches CC Insight For In-depth Network Intelligence

Custom Connect, one of the world’s few independent carrier neutral connectivity providers, is going beyond industry standards to offer global enterprises greater insight into their far-reaching networks and business-critical applications.

CC Insight launched today at the Connecting the Cloud event, an Industry get together for leading players in the European cloud arena, organised by Custom Connect in cooperation with Equinix, Fuze, Huawei, IPKnowledge, NetDialog and RIPE NCC.    

Friday, March 31, 2017 - 10:03
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/news/cloud/custom-connect-launches-cc-insight-depth-network-intelligence
Financial IT
Dominance of AI and IoT in InsurTech Startup Funding

As new Accenture research demostartes Artificial intelligence (AI) and the internet of things (IoT) now comprise almost half of total investment in insurance technology (insurtech) startups worldwide. The research, which includes new analysis of CB Insights data on 450 insurtech deals over the last three years, appears in a new Accenture report titled “The Rise of InsurTech.” The report was released today in conjunction with Accenture’s Fintech Innovation Lab in London, which for the first time includes a dedicated insurtech stream comprising leading industry startups. 

Friday, March 31, 2017 - 08:57
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/news/it-innovations/dominance-ai-and-iot-insurtech-startup-funding
Financial IT
Wells Fargo Adds Axis Bank to ExpressSend Remittance Network in India

Wells Fargo & Company (NYSE: WFC) announced today that it has added more than 2,500 Axis Bank locations to its ExpressSend® remittance payout network in India, bringing the total number of locations in that country to more than 8,300, in addition to nearly 35,000 ATMs. Wells Fargo also announced that beginning April 8, 2017, it will offer a $0 transfer fee for all ExpressSend transactions sent to India, extending pricing that was previously available for transactions larger than $500.

Friday, March 31, 2017 - 08:45
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/news/atms/wells-fargo-adds-axis-bank-expresssend-remittance-network-india
Basel Committee:To- big-to-fail banks rapped for lax risk practices

Today the Basel Committee on Banking Supervision unveiled its latest progress report on banks' implementation of the Principles for effective risk data aggregation and reporting. 

Friday, March 31, 2017 - 08:42
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/news/banking/basel-committeeto-big-fail-banks-rapped-lax-risk-practices
Financial IT
Harbortouch POS Firm Launches Product Development Unit in Lithuania

Harbortouch, a market leader in point-of-sale (POS) payment solutions, is setting up a product development division in Lithuania. The division, which will be the company’s first outside the US, is expected to employ approximately 60 IT specialists.

Friday, March 31, 2017 - 08:26
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/news/payments/harbortouch-pos-firm-launches-product-development-unit-lithuania
Financial IT

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