PayPal Holdings, Inc. and Synchrony Financial  announced an agreement to significantly expand their strategic consumer credit relationship. Under the terms of the transaction, Synchrony Financial will acquire $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables portfolio, which totaled approximately $5.8 billion in receivables as of October 31, 2017, and approximately $1 billion in participation interests in receivables held by certain investors and a chartered financial institution. 

AxiomSL, the leading global provider of regulatory reporting, risk and data management solutions, today announced it is a recipient of the 2017 RegTech Awards for “Most Innovative Use of a Vendor Solution to Address a Dodd-Frank Requirement.” This is the inaugural year for the RegTech Awards, which are hosted by the A-Team Group of Data Management Review.   

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that it was recently named Best Data and Information Provider and Best Valuation Service for Hard-to-Value Assets at the 2017 Alternative Credit Intelligence European Services Awards.

Shifting sands: Highlights from Mobey Day 2017

We are approaching the most critical juncture in the history of modern banking. The impact of regulation, in concert with the increasing deployment of transformative technologies, is permanently altering the way banks operate and do business.

Banks as ‘connectors’

This Christmas looks set to be the UK’s most fraudulent ever for online shoppers, according to new data from Barclays¹. With fraud and scams becoming increasingly sophisticated, and with record numbers getting ready to do their Christmas shopping online, Barclays is warning of a perfect storm for seasonal online theft.

CQG has had a focused effort to add China to its global network of data and execution.  With the imminent launch of this initiative, the firm announced today that Rod Giffen, President, CQG, has relocated to China and will serve in the newly created position of President, CQG APAC.   Ryan Moroney will return to CQG to assume the new role of President, CQG Europe and the Americas.

Exscudo is happy to announce the beginning of Stage One of EON blockchain testing! Testnet is the early version of EON, flexible new generation blockchain created by Exscudo.

When EON blockchain testnet was launched on October,4 the functionality available for the public testing was limited. Only the peers run by Exscudo developers were accepted by the net. Users could launch the peer, make transactions but the blocks they generated did not enter the net. So basically the functionality available for users to test was limited mainly to transactions testing.

Retail Banker International Asia Trailblazer Summit and Awards is in its 9^th year for 2018 and is being hosted by the renowned publication ‘Retail Banker International’ (RBI). RBI has, for the past 35 years, been the only global editorially independent retail banking briefing service.

RBI’s Asia Trailblazer is a highly anticipated event for 2018 as it will provide a platform for strategic executives to evaluate avenues for growth and innovation and offers attendees an opportunity to explore, compare and decide on their future technology investments.

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced the launch of new optical character recognition (OCR) and artificial intelligence (AI) functionality to digitize the tax validation and due diligence process.  The integration of these new capabilities is available through CTI Tax Solution’s Mandatory Document Due Diligence (MD³_®) and Common Reporting Standard (CRS) due diligence modules.