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Why increasing cost pressures mean banks need to put their ‘head in the cloud’

It’s true that banks are having to do more with less budget. Recent headlines have demonstrated we’re currently operating in an increasing cost pressured environment. The solution for some banks has been to cut costs through staff reductions – but is this always the right answer?

Thursday, January 23, 2020 - 10:50
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Open Banking Platform Tink and BNP Paribas Announce Strategic Partnership in Europe

Open banking platform Tink and BNP Paribas today announce an extension of their partnership in Europe. In addition to Tink’s existing partnership with BNP Paribas Fortis — the retail network of BNP Paribas in Belgium — Tink is now also entering a partnership with the Italian retail network of BNP Paribas, Banca Nazionale del Lavoro (BNL). As part of the partnership, BNL will start implementing Tink’s solutions for account aggregation, payment initiation and personal finance management. 

Thursday, January 23, 2020 - 10:43
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Financial IT
PeoplesBank Selects NYMBUS SmartMarketing™ & SmartOnboarding™ Platform

NYMBUS, a provider of the world’s most advanced financial services platform, today announced 

Thursday, January 23, 2020 - 10:40
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Financial IT
WorldRemit announces global remittance partnership with Alipay

WorldRemit has announced a partnership with Alipay, the world's leading payment and lifestyle platform, enabling consumers to use the WorldRemit app or website for cross-border remittances to the Alipay app, bringing more convenient and inclusive transfer services to users around the world.

 “Our vision is to build a mobile-first, international payments service and we’re excited to work with Alipay as a partner,” said Tamer El-Emary, Chief Commercial Officer, WorldRemit. “The partnership will focus on innovation, customer experience and speed to market.”

Thursday, January 23, 2020 - 10:13
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Revolut enters UK savings market with easy-access account that offers a market-leading rate of 1.35%

Revolut, the global financial platform with over ten million customers in the UK and Europe, has today entered the UK savings market, in partnership with Flagstone, offering an easy-access savings account with a limited market-leading interest rate of 1.35% AER. 

The new Savings Vault, which is FSCS protected up to £85,000 through Paragon Bank, is an addition to Revolut’s popular Vaults feature. 

Thursday, January 23, 2020 - 10:07
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Financial IT
RS2 Acquires KALICOM Liebers Zahlungssysteme KG

RS2 Group, a global payments processing and technology provider, announced the closing of its acquisition of KALICOM Liebers Zahlungssysteme KG, one of the most successful commercial network operators for electronic, card-based payment systems in Germany. 

The acquisition follows the groups announcement to enter the merchant direct acquiring business and represents along with the earlier announced foundation of RS2 Financial Services GmbH.

Thursday, January 23, 2020 - 10:00
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Wirecard and UZE Mobility partner to launch innovative services in e-mobility

Wirecard, the global innovation leader for digital financial technology and UZE Mobility, open innovation platform for e-mobility services, have entered into a strategic partnership.

Thursday, January 23, 2020 - 09:47
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Allevo and Bakken & Bæck kick-off the Whizzer project

Allevo, with the support of a grant from Iceland, Liechtenstein and Norway through the EEA and Norwegian Financial Mechanisms 2014-2021, in the frame of the Programme “SMEs Growth Romania”, kicked-off Thursday, 23 January 2020, the Whizzer project, as per the 2018/115906 contract.

Thursday, January 23, 2020 - 09:40
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Financial IT
Geneva-based Banque Cramer & Cie SA selects Avaloq’s BPaaS solution to underpin continued growth

Geneva-based Banque Cramer & Cie SA has selected Avaloq’s Business Process as a Service (BPaaS) solution for a further 10-year term to support the institution’s future growth ambitions. Avaloq, a long-term technology partner for the institution since 2011, was awarded the contract after a competitive tender process. The win underscores Avaloq’s commitment to serving, and growing its market share among, the Geneva-based private banking community.

Thursday, January 23, 2020 - 09:24
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Data Protection Day 2020: De-Risking in the Era of Transparency

The issue of data protection and privacy was, until recently, a conversation confined to a specific group of people within an organisation. Unless you were an IT consultant or a corporate lawyer, privacy compliance was something somebody else took care of. So, how have we reached the point where many organizations are bound by law to employ a Data Protection Officer (DPO)? Why are CEOs now so interested in their company’s data protection and privacy policies?

Thursday, January 23, 2020 - 09:05
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