Electronics giant Samsung has partnered US digital lender SoFi on a mobile-first money management platform and Mastercard debit card.
Launching later this summer, Samsung Money by SoFi promises higher-interest earning and a combination of the convenience of mobile payments and the control of a debit card.
The impact of the current crisis on counterparty risk models
One could argue, that in a similar way that social distancing can limit the epidemic spread in the current health crisis, applying correct counterparty risk measures can prevent the contagion and propagation of financial defaults. Not by excluding companies from doing business, but by helping them with specific measures, hence avoiding a more systemic economic collapse.
Siebert, a leading national broker-dealer and provider of financial services, has appointed InvestCloud to design and implement its complete digital transformation.
NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by Rakuten Securities Inc., a major online brokerage operating throughout Japan and across Asia, to implement an innovative anti-money laundering compliance platform to protect and support its investor clients and meet regulatory requirements. Rakuten Securities will utilize industry-leading solutions from NICE Actimize’s Autonomous Anti-Money Laundering portfolio, initially rolling out the
UK-based FinTech firm Paysend has called for an industry-wide acceleration of innovation across FinTech and payments in response to the global coronavirus situation. Sweeping disruption to the daily financial habits of consumers has created a number of problems that Paysend sees as necessary to be solved by emerging FinTech innovators with the provision of simple, accessible and low-cost solutions.
RTGS.global, the world’s cross-border liquidity network, has announced its appointment of Jim Cowles as an Executive Director of the Board. Jim will work closely with RTGS.global’s leadership team, including its founder, fintech entrepreneur Nick Ogden, who previously founded WorldPay and ClearBank.
Financial technology leader FIS™ (NYSE: FIS) today announced Enterprise Productivity, Intelligence & Compliance (EPIC™), a modular, desktop-based solution that helps financial institutions and businesses enhance the efficiency of their global operations while managing an increasingly remote workforce.
SunTec, a leading provider of revenue and billing management solutions, announced today that it is working with Amazon Web Services (AWS) to offer Xelerate platform and products on AWS Cloud. The Xelerate platform and products have been optimized to leverage the cloud capabilities of AWS.
Europe-wide research commissioned by innovative financial infrastructure provider Banking Circle has found that nearly two thirds (64.6%) of online merchants have needed extra finance in the past two years (excluding borrowing due to the current COVID-19 crisis).
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