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Mastercard Announces Leadership Transition

Mastercard (NYSE: MA) today announced that Ajay Banga, President and Chief Executive Officer, will transition to the role of Executive Chairman of the Board of Directors of Mastercard Incorporated on January 1, 2021. Mastercard’s Board unanimously elected Michael Miebach, Chief Product Officer, to become Chief Executive Officer and a member of the Board of Directors on January 1, 2021 and, as part of the transition, he will become President of the company, effective March 1, 2020.

Wednesday, February 26, 2020 - 05:46
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Financial IT
Expert System Appoints Walt Mayo as Group CEO to Scale Up Business in the US and Accelerate Global Growth

The Board of Directors of Expert System announced today that Walt Mayo has been appointed Group Chief Executive Officer. Walt joins Expert System with more than 20 years of sales, marketing and channel development leadership working with high-growth technology and scale-up businesses across the globe. He will be instrumental in expanding Expert System’s expansion in the US as well as responsible for driving a new phase of growth globally.

Wednesday, February 26, 2020 - 05:34
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Financial IT
noreplyg2@wtebiz.net
Tuesday, February 25, 2020 - 13:10
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Rabo Frontier Ventures Commits to Speedinvest 3

Rabo Frontier Ventures (“RFV") has committed to Speedinvest’s new fund (Si3). With its latest fund Speedinvest aims to build a portfolio of 80 to 100 investments in European technology startups. The fund, targeting a size of €190 million, will focus on sectors in which Speedinvest has gained experience since inception in 2011, including deep tech & enterprise software, fintech, industrial tech, marketplaces & network effects.

Tuesday, February 25, 2020 - 12:30
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/news/fintech-startups/rabo-frontier-ventures-commits-speedinvest-3
Financial IT
Asian Private Banker Names Fenergo as the Best KYC and Client Onboarding Solution of the Year

Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announced it has been awarded “Best KYC and Client Onboarding Solution” by the Asian Private Banker Technology Awards. This accolade is testament to Fenergo’s powerful technology suite and ability to ensure compliance with regulations relating to KYC and customer onboarding for financial institutions in APAC.

Tuesday, February 25, 2020 - 11:38
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Financial IT
ClickSWITCH to Deliver Account Switching Technology to Finastra Clients

ClickSWITCH today announced that it would deliver ClickSWITCH’s technology to clients of Finastra’s core banking solutions, Fusion Phoenix and Fusion UltraData. The two companies already share some overlap of clients, including both banks and credit unions.

Tuesday, February 25, 2020 - 11:28
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/news/retail-banking/clickswitch-deliver-account-switching-technology-finastra-clients
Financial IT
How Emerging Technological Trends Like AI, Machine Learning and Automation Are Reinventing An Entire Industry

More than two-thirds of insurance carriers will invest in predictive analytics and artificial intelligence over the next two years. Sixty percent of carriers will invest in automation, and more than half will invest in machine learning.

The technological revolution in insurance isn’t just a thing of the future. It’s already here.

Tuesday, February 25, 2020 - 11:15
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Financial IT
The Retro Fraudster: How to Spot the Old-school Tactics Making a Comeback

As technological innovation drives new opportunities for fraudsters, digital security counter-measures could inadvertently be encouraging a resurgence of old-school tactics. These criminals know that today’s customers are wise to some of the more common online scams, but may not be aware of legacy techniques. Savvy criminals might operate Ponzi schemes, bounce cheques or even create fake work opportunities, while using tech-based tricks to help their efforts appear more convincing.

From fake cheques to CEO fraud

Tuesday, February 25, 2020 - 11:12
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EIB Group and Commerzbank join forces for additional lending to SMEs and Mid- Caps

The EIB Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), has provided a mezzanine tranche guarantee of around EUR 100m to Commerzbank AG on a EUR 1.500m granular portfolio of loans to SMEs and Mid-Caps originated by Commerzbank in its ordinary business. The guarantee will release regulatory capital for Commerzbank and will enable Commerzbank to provide further lending of up to EUR 400m to innovative SMEs and Mid-Caps in Germany.

Tuesday, February 25, 2020 - 10:57
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Financial IT
Itiviti Recognized for Best Trading and Execution Platform at Asian Private Banker Technology Awards
Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that its multi-asset trading and execution solution has won  Best Trading and Execution Platform at the 5[th] Asian Private Banker Technology Awards. The Technology Awards are judged by members of Asian Private Banker’s team.
Tuesday, February 25, 2020 - 10:48
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Financial IT

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