Financial Capital Network (FCN) is excited to announce the launch of fincapnet.com, an emergent platform powered by MSCI Risk Analytics that is poised to transform the alternative investment capital raising process. Built for the investment community, FCN connects alternative investment managers with institutional investors, globally.

Amsterdam-based Fourthline is one of the fastest-growing digital KYC providers and offers KYC-related services that complement the °neo lending and accounts engines.

Integration will enable clients to do a quick and automated watchlist screening on existing customers against PEP and sanction lists. This will detect fraud and de-risk clients’ existing customer portfolio.

Credit unions provide loans, savings, and other financial services to more than 375 million members in 118 different countries. The United States holds the greatest wealth of credit union members worldwide, with assets reaching a sizeable $1.58 trillion. They come in all shapes and sizes, but with fewer resources than banks, the services and technology offered by credit unions must be as cost-effective as possible, driving an even more pronounced shift towards digital service provision. 

The FCA’s enhanced financial promotions regulations that all regulated institutions must comply with begin to take effect this week, and fintech Delio is warning firms that offer their clients access to alternative assets to ensure that their regulatory processes comply with the new rules in order to avoid the risk of unlimited fines or criminal prosecution.

Banks are not enjoying the returns they expected from all that they’ve invested in trying to drive value from data. The problem, to be absolutely clear, is not a lack of data. They’ve got a ton of that, with volumes continuing to rise. What they lack is meaningful insights of the kind that will drive actionable decision-making on the ground and give their businesses new energy and direction in a difficult economic and competitive climate. 

HELPFUL, the payout management platform, has partnered with Mastercard to enable creator and music platforms to reach their full potential by offering automated, instant, cross-border payouts.

Creator and music platforms experience challenges when managing payouts to their creators. These challenges centre around the ability to pay thousands of creators quickly, across multiple geographies, without the high associated fees.

Ecospend, the UK’s leading Open Banking payment provider, today announces its partnership with Telsolutions, the specialist in multi-channel communication programmes for revenue collections. The partnership will allow Telsolutions to offer its clients Open Banking services, helping to protect customers against fraud whilst reducing the cost of transactions.

Fino Payments Bank has tied up with Protean eGov Technologies (formerly NSDL e-Governance Infrastructure Limited), a market leader in universal, citizen-centric and population-scale e-governance solutions, to expand PAN card issuance services in India, especially in rural areas.

A survey of more than 2,200 people across the United Kingdom and United States has found that Digital Wallet payments, such as Apple Pay, Google Pay or PayPal, is increasing in popularity in both the UK and US, with at least 7 in 10 using the method regularly to pay for online purchases.

PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, has welcomed the Financial Conduct Authority’s (FCA) proposals for a simplified advice regime to encourage more consumers to seek financial advice and reduce the cost burden of advice for relatively simple financial decisions.