Crestone, which was established by client advisers, senior management and employees of UBS Wealth Management Australia Ltd, has opened its doors this week with the newly implemented Avaloq Banking Suite.

Hoist Finance AB acquired a well-diversified portfolio of non-performing banking claims originated by four regional Spanish banks. The portfolio is made up of approximately 115,000 loans, of which 86,000 are consumer unsecured loans and 29,000 are loans to small and medium-sized enterprises (“SME loans”).

The total investment amounts to just over EUR 22 million. The Estimated Remaining Collections ("ERC") amounts to approximately EUR 48 million over 120 months.

-  Corvil, the leading analytics company for financial markets, today announced that Exane BNP Paribas, a European broker dealer, is using the Corvil platform to assure the strength and performance of its electronic trading businesses and to support compliance wi

Profile Software, an international financial solutions provider, announced today the release of its enhanced FMS.next Core Banking platform that incorporates a wealth of new functionality for Collections, Debt Management, Loan Origination and Management as well as Alternative finance for Digital Banks.

Misys has been recognised for its work with Habib Bank Limited (HBL) in the cash management and trade finance category of the 2016 Celent Model Bank program. The accolade celebrates the bank’s technology transformation which has unified cash management, trade services and supply chain finance onto a single, integrated digital platform.

The implications of a potential BREXIT for non-EU hedge fund managers are hard to fathom. At present, public opinion polls appear to be neck and neck although fund managers seem confident BREXIT is unlikely to occur. A survey by Aviva Investors in February 2016 found 20% of equity fund managers and not a single bond fund manager thought BREXIT would happen. Whether this is misplaced optimism will be revealed on 23rd June but hedge funds globally should be cognisant of some of the potential issues BREXIT could bring.   

The second White House panel discussion focused upon small business funding, an area close to my heart as it’s an area that has exploded with opportunity thanks to FinTech.  I often reflect that FinTech is not disrupting or destroying banking, but that FinTech is augmenting banking by serving markets previously unserved or underserved.  The unserved markets are those who are unbanked how now have mobile financial inclusion and mobile wallets (5 billion people); the underserved are the underbanked and Small to Medium Enterprises (SMEs) are definitely underserved.  Most of the time they go to

Daon, a global leader in mobile biometric authentication technology, announced today that it won a 2016 NAFCU Services Innovation Award. The Innovation Awards is the credit union industry’s most recognized awards competition for groundbreaking solutions. The annual competition highlights outstanding innovations that help credit unions thrive in an increasingly saturated financial services market. Daon was selected for its IdentityX^®Platform that benefits the credit union industry.