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Global tier-1 bank, Itaú Private Bank International, selects Temenos to power international banking operations

Temenos (SIX: TEMN), the banking software company, today announced that Banco Itaú (Suisse) SA and Banco Itaú International, affiliates belonging to one of the world’s largest private bank groups, Itaú Unibanco Holding SA (Itaú), have extended their relationship with Temenos  to rapidly deploy Temenos Infinity Wealth and Temenos Transact on Temenos SaaS.

Thursday, May 28, 2020 - 08:44
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/news/banking/global-tier-1-bank-itau-private-bank-international-selects-temenos-power-international
Financial IT
Enfuce powers payments in MaaS Global’s revolutionary mobility app

Maas Global, the leading Mobility as a Service provider, has partnered with Enfuce – Finland’s largest fintech startup – to launch a card payment offering in Whim, MaaS Global’s all-inclusive mobility app. The partnership enables MaaS Global to issue Mastercard prepaid cards securely, and expand its offering to new markets.

Thursday, May 28, 2020 - 08:26
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/news/payments/enfuce-powers-payments-maas-globals-revolutionary-mobility-app
Financial IT
Lockdown alters crypto trading habits - Revolut data

Today Revolut, the Financial Super App with over 10 million customers in the U.K and Europe, reveals figures outlining how the cryptocurrency market has changed on a week by week basis during the lockdown period.

Thursday, May 28, 2020 - 07:49
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/news/covid-19/lockdown-alters-crypto-trading-habits-revolut-data
Financial IT
Volksbank Bielefeld-Gütersloh Cooperates with Penta

Volksbank Bielefeld-Gütersloh is expanding its successful cooperations with Fintechs from the German start-up scene. The cooperative bank is now the first regional institute to cooperate with the Berlin company Penta. The customers of the digital platform for business banking are primarily small and medium-sized enterprises, some of them from the East Westphalia-Lippe region. The aim of the cooperation is to provide them with urgently needed liquidity support during the Corona crisis.

Thursday, May 28, 2020 - 07:30
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/news/banking/volksbank-bielefeld-gutersloh-cooperates-penta
Findr launches AI matching platform to help fintechs grow safely during lockdown

Findr has launched operations in London with the vision of becoming the leading global technology platform for automating and accelerating the creation of commercial partnerships. The company will initially focus on the UK fintech market – the second largest in the world.

Thursday, May 28, 2020 - 07:28
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/news/artificial-intelligence/findr-launches-ai-matching-platform-help-fintechs-grow-safely-during
Financial IT
On a mission to mainstream digital asset investing and trading, capital markets veterans launch CrossTower Exchange

Thursday, May 28, 2020 - 07:13
33487
/news/trading-systems/mission-mainstream-digital-asset-investing-and-trading-capital-markets-veterans
Financial IT
Nimbla and Wiserfunding partner to protect UK SMEs from insolvency

With the number of UK SMEs in significant financial distress reaching over 500,000 due to COVID-19[1], leading invoice insurance provider Nimbla has teamed up with SME credit risk assessment platform, Wiserfunding, to improve the availability and pricing of commercial credit insurance. This will ensure that SMEs can continue trading and prevent the UK economy from stalling.

Thursday, May 28, 2020 - 06:48
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/news/covid-19/nimbla-and-wiserfunding-partner-protect-uk-smes-insolvency
Financial IT
Modern Card Issuing Leader Marqeta Valued at $4.3B in Latest Round

Marqeta, the global modern card issuing platform, announced today that it has raised an additional $150 million in new capital from a leading institutional investor, valuing the company at $4.3 billion.

Thursday, May 28, 2020 - 05:45
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/news/investment/modern-card-issuing-leader-marqeta-valued-43b-latest-round
Samsung and SoFi introduce money management tool

Electronics giant Samsung has partnered US digital lender SoFi on a mobile-first money management platform and Mastercard debit card.

The Samsung Pay debit card was unveiled earlier this month but the partners have now provided more detail on an accompanying fee-free cash management account.

Launching later this summer, Samsung Money by SoFi promises higher-interest earning and a combination of the convenience of mobile payments and the control of a debit card.

Thursday, May 28, 2020 - 05:44
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/news/cash-management/samsung-and-sofi-introduce-money-management-tool
Financial IT
Social distancing & Financial distancing - New counterparty risk models

The impact of the current crisis on counterparty risk models

One could argue, that in a similar way that social distancing can limit the epidemic spread in the current health crisis, applying correct counterparty risk measures can prevent the contagion and propagation of financial defaults. Not by excluding companies from doing business, but by helping them with specific measures, hence avoiding a more systemic economic collapse.

Wednesday, May 27, 2020 - 22:44
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/blog/risk-models/social-distancing-financial-distancing-new-counterparty-risk-models

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