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Acumennet ready to support LIBOR discontinuation with new modules

Profile Software, an international financial solutions provider announced today, that Login’s Acumennet Treasury Management platform already accommodates the orderly transition away from LIBOR that is about to affect Treasury departments by 2021.

Through continuous investments in designing innovative solutions, Profile and Login have been proactive to accommodate the upcoming change by enriching Acumennet with the functionality necessary for both existing and future requirements.

Tuesday, April 14, 2020 - 16:43
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Financial IT
How EMIs can extend their lead with open banking

Electronic Money Institutions (EMIs) have a window of opportunity to show banks what they’re really made of. Stefano Paoletti, VP Sales, discusses why they should capitalise on it while they still can. 

EMIs make their living by throwing out the rulebook, moving fast and thinking freely. Innovative services based on eWallets and prepaid cards are commonplace and support a wide variety of use-cases, from state pension and benefit payments, to payroll, gift cards, loyalty, gaming, FX transfers, personal finance management solutions and more. 

Tuesday, April 14, 2020 - 16:36
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Financial IT
Ebury to launch Coronavirus Lending Facility to support UK and European SMEs

Ebury, one of Europe’s largest FinTech companies, is launching an initiative to offer financing to SME’s in the UK and Europe. An initial £40m lending facility to help UK SMEs manage their working capital during the Coronavirus crisis is available now and Ebury aims to expand this program into the hundreds of millions in collaboration with Governments in the UK and Europe.

Tuesday, April 14, 2020 - 16:30
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/news/lending/ebury-launch-coronavirus-lending-facility-support-uk-and-european-smes
Financial IT
UNDP and Hackster.io partner to launch a global innovation challenge to tackle COVID-19

The fight against COVID-19 is at a crucial tipping point, so the United Nations Development Programme (UNDP) and Hackster.io, an Avnet company and the largest online open-source technology hardware community, are taking action. The two organizations have partnered to launch the COVID-19 Detect and Protect Challenge to create open-source technology that developing countries can leverage in the fight against this global pandemic.

Tuesday, April 14, 2020 - 16:28
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Financial IT
Pega Announces Small Business Lending Reference App To Help Banks Speed Processing of COVID-19 Emergency Loans

Pegasystems Inc. (NASDAQ: PEGA), the software company empowering digital transformation at the world’s leading enterprises, today announced the launch of a Crisis Small Business Lending reference application which helps financial institutions manage the thousands of emergency loan applications pouring

Tuesday, April 14, 2020 - 16:26
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/news/lending/pega-announces-small-business-lending-reference-app-help-banks-speed-processing-covid
Financial IT
Objectway offers Licence Free Period for WealthTech Suite to help the digital transformation during the Covid-19 crisis

Objectway is a leading software provider of wealth management digital solutions with customers distributed across four continents.

Being headquartered in Italy, we were early to deal with the COVID-19 emergency in the EMEA region. The rapid escalation of COVID-19 outbreak has forced us to test our business continuity plans, in Italy first and soon after that in our UK and Belgium operations.

Tuesday, April 14, 2020 - 15:09
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Financial IT
Cassini Systems Partners with AcadiaSoft to Help Clients Manage Initial Margin Requirements

Cassini Systems, the leading provider of pre- and post-trade margin analytics for derivatives market participants, announced today a new initial margin (IM) partnership with AcadiaSoft Inc., the leading industry provider of risk and collateral management services for the non-cleared derivatives community.

Tuesday, April 14, 2020 - 12:31
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Financial IT
VALK partners with Koine to enable payment and cash custody on Corda for investment banks, asset and fund managers

VALK is pleased to announce a partnership with Koine, who provides a post-trade solution for digital assets and fiat that integrates with the blockchain software R3’s Corda technology to provide custody and settlement services on the VALK platform.

Tuesday, April 14, 2020 - 10:43
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/news/payments/valk-partners-koine-enable-payment-and-cash-custody-corda-investment-banks-asset-and
Financial IT
Financial Services Firms Spend $180.9 Billion on Financial Crime Compliance, According to LexisNexis Risk Solutions Global Study

Today, LexisNexis® Risk Solutions released its True Cost of Financial Crime Compliance Global Report, which provides global industry-driven insights for financial services firms across the Asia Pacific (APAC) region, Europe, the Middle East and Africa (EMEA), Latin America (LATAM) (including Mexico) and the U.S. and Canada. The report reveals that the projected total cost of financial crime compliance in these markets amounts to $180.9 billion.

Tuesday, April 14, 2020 - 10:31
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/news/security-and-compliance/financial-services-firms-spend-1809-billion-financial-crime-compliance
Financial IT
IDnow notices changes in customer behaviour since Coronavirus (COVID-19) restrictions

IDnow, a leading provider of Identity Verification-as-a-Service solutions with more than 250 customers, publishes statistics on the changed customer habits since Europe has experienced restrictions on everyday life due to the coronavirus (COVID-19).

As part of the Corona Pandemic, many service providers have experienced significant changes in customer demand and behaviour. As a provider of an Identity Verification-as-a-Service platform, IDnow has too seen these changes.

Tuesday, April 14, 2020 - 10:17
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Financial IT

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