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Backbase and Finxact Partner to Help Financial Institutions in North America Innovate at Speed and Move Away from Vendor Lock-In

Backbase, the omni-channel Digital Banking platform and Finxact, the Core-as-a-Service platform, have entered into a strategic partnership to help banks and credit unions unlock the full potential of their digital transformation with a next-gen front-to-back solution. The partnership combines Backbase’s portfolio of turn-key online and mobile banking applications with Finxact’s next-gen cloud native core banking platform. The combined front-to-back SaaS solution empowers clients to launch a greenfield bank in under three months. 

Monday, March 16, 2020 - 06:20
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Financial IT
Smartlands Receives “Best Crowdfunding Platform 2020” Award from FinTech Breakthrough Awards

Smartlands is excited to announce that Smartlands has received the “Best Crowdfunding Platform” Award from the FinTech Breakthrough Awards that recognises the top companies and products in the financial services and technology industry today. 

Friday, March 13, 2020 - 12:53
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Financial IT
ING invests in London-based provider of natural language processing (NLP) technology Eigen Technologies (‘Eigen’)

ING’s reputation for adopting cutting edge technologies was enhanced today with the announcement that it would make an investment in London-based provider of natural language processing (NLP) technology Eigen Technologies (‘Eigen’).

“Eigen provides a strategic capability in use cases across both retail and wholesale banking.” - Benoît Legrand

Friday, March 13, 2020 - 12:10
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/news/investment/ing-invests-london-based-provider-natural-language-processing-nlp-technology-eigen
Financial IT
Nordea offers instalment-free periods for mortgage and small and medium-sized business customers in light of corona outbreak

As the biggest bank in the Nordics, Nordea has a special responsibility to our customers and the societies during tough times. Nordea has decided to offer instalment-free periods to those personal and business customers in all Nordic countries who are in need of help because of the corona outbreak.

Friday, March 13, 2020 - 10:59
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/news/banking/nordea-offers-instalment-free-periods-mortgage-and-small-and-medium-sized-business
Financial IT
The race to scale up automation in financial services

As financial services organizations look ahead to the new decade, they will be aware the next ten years are set to bring about dramatic changes in how they go to market and their service offerings and how they engage with customers.

Digital transformation and increasing consumer expectations will place heightened pressure on banks and insurance companies to deliver intuitive and personalized customer experience, far beyond what we currently see in the market.

Friday, March 13, 2020 - 10:52
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Financial IT
MoneyGram Launches Referral Program to Grow Peer-to-Peer (P2P) Payments and Money Transfers

MoneyGram International, Inc. , a global leader in cross-border P2P payments and money transfers, today announced the launch of a new referral program, which provides MoneyGram users with discounts after referring new customers.

"The launch of our customer-centric referral program supports our company strategy to accelerate digital growth," said Alex Holmes, MoneyGram Chairman and CEO. "Our customers continue to provide incredibly positive feedback on our leading digital capabilities, and we're excited to make it easier for them to share their experience with friends and family."

Friday, March 13, 2020 - 10:40
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Financial IT
How Prepared are Insurtechs Against the Threat of Coronavirus?
The losses and costs resulting from the outbreak of coronavirus are estimated to be in the enormous sum of four trillion US dollars – but we don’t see this as reason to panic. Thanks to a mobile-first approach, technical infrastructure and direct sales, insurtechs are protected against the crisis and, right now, they are one of the most promising business models, in one of the largest markets in the world. The developments surrounding coronavirus could therefore even be described as a catalyst for insurtechs. Crises reveal how strong a digital business model is.
Friday, March 13, 2020 - 10:06
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Assetz Capital secures £15m British Business Investments funding to help boost UK housebuilding

Assetz Capital has become the first property-focused marketplace platform to receive funding from British Business Investments (BBI), a commercial subsidiary of the British Business Bank.

The £15m commitment from British Business Investments will support in excess of £100m of new lending to smaller businesses and smaller housing developers, helping them grow as well as helping fuel the development of new homes across the UK.

The funding will be used for development finance loans and SME commercial mortgages originated by Assetz Capital.

Friday, March 13, 2020 - 09:56
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/news/investment/assetz-capital-secures-ps15m-british-business-investments-funding-help-boost-uk
Financial IT
Fraudsters Taking Advantage of Coronavirus With New Scam Emails, Warns Tax Partner at Haines Watts
Haines Watts

EMAILS are starting to surface, targeting individuals with an email that looks like it is from Gov.uk, says Martin Gurney, a tax partner at Haines Watts.

 

He claims some are even suggesting that there is a tax rebate for everyone, with £124 for everyone to buy products to protect themselves against the virus.

 

Martin said: Some emails say ‘Click here to receive your refund’, while others are suggesting you click a link to a site to read an updated ‘health warning’ – the bug can then access all of the stored information and passwords on your device.”

Friday, March 13, 2020 - 04:58
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Financial IT
Mastercard and Samsung Partner to Enable Digital Inclusion
Mastercard

Mastercard today announced a global partnership with Samsung to enable digital access to consumers and small businesses in emerging markets through its extensible Pay on Demand platform.

Mastercard’s Pay on Demand platform is designed to accelerate digital inclusion by bringing together financial institutions, original equipment manufacturers and telcos to holistically solve issues that have limited device financing in emerging markets. In line with Mastercard’s principles for data responsibility, the solution allows consumers to access devices in a pay-as-you-go model.

Friday, March 13, 2020 - 04:53
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Financial IT

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