Thanks to PSD2 in the EU, and open banking in the UK, Europe has been leading the way with its open banking initiatives. This significant development represents the beginning of a journey to democratise the financial services industry by allowing third parties to access current account transaction information and initiate payments. However, there is so much more to do. In order to serve customers more holistically, access to additional financial products is needed beyond just current accounts and that’s why we are currently witnessing a movement towards open finance and open data.
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The Ambitious Path to Open Finance and Open Data ... How Europe is Leading The Way
Monday, March 9, 2020 - 06:29
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Financial IT
OKCoin Appoints Hong Fang CEO
OKCoin, a leading fiat-focused digital asset exchange with service in 184 countries, announced today that CEO Tim Byun has been appointed as Global Government Relations Officer (GGRO) of OKGroup. The OKCoin Board has appointed the company’s current Chairman, Hong Fang, to the position of CEO, effective March 31, 2020.
Monday, March 9, 2020 - 06:25
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Financial IT
KBC and iController Join Forces for Better Credit Management
On 2 March a new collaboration between KBC and software company iController started.
Monday, March 9, 2020 - 06:22
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/news/transaction-banking/kbc-and-icontroller-join-forces-better-credit-management
Financial IT
Crypto Exchange Tech Firm AlphaPoint Raises $5.6m
Crypto-focused exchange software provider AlphaPoint has raised $5.6 million in new funding from unnamed sources.
Launched over six years ago, AlphaPoint provides while label full-stack software for cryptocurrency exchange operators as well firms looking to create and manage security tokens using blockchain.
The firm has powered over 150 customers across 35 countries, serving over a million end-users and enabling 100 million annual trades across the client portfolio.
Monday, March 9, 2020 - 06:18
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/news/blockchain/crypto-exchange-tech-firm-alphapoint-raises-56m
Financial IT
SIA Calls in JP Morgan for Possible IPO
Italian payments giant SIA has hired JP Morgan as financial advisor for all 'extraordinary transactions' - including a possible IPO.
The firm, which is controlled by state lender CDP Equity, confirmed last month that it was beginning the listing process.
It said then that it could issue ordinary shares on the Mercato Telematico Azionario market by the summer, although a merger with another payments player was not ruled out.
Monday, March 9, 2020 - 06:16
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/news/payments/sia-calls-jp-morgan-possible-ipo
Financial IT
CFPB Takes Key Steps To Prevent Consumer Harm
The Consumer Financial Protection Bureau (Bureau) today announced three steps to advance its strategy on one of its key priorities: preventing consumer harm.
Monday, March 9, 2020 - 06:09
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/news/security-and-compliance/cfpb-takes-key-steps-prevent-consumer-harm
Financial IT
akshay@ambitsoftware.com
Friday, March 6, 2020 - 14:27
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noreplyr8@wtebiz.net
Friday, March 6, 2020 - 12:21
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Afterpay Selects Marqeta as its U.S. Issuing Partner
Marqeta announced today that it has been selected to partner with Afterpay, the leader in “Buy Now, Pay Later” payments, to help accelerate its growth in the U.S. market and support new innovative product offerings for its customers.
Friday, March 6, 2020 - 12:16
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/news/payments/afterpay-selects-marqeta-its-us-issuing-partner
Leading peer to peer lender celebrates £1bn milestone with 1% cashback offer for investors
Assetz Capital, one of the UK’s most impactful business lenders, has surpassed the £1bn mark for lending to SMEs and housebuilders across the UK, just seven years from being set up in 2013.
Friday, March 6, 2020 - 11:37
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Financial IT
