Core banking provider Ohpen has announced its acquisition of FYNN Advice, an implementation consulting company that advises financial institutions on the implementation of core banking systems. Their consultants will now be part of Ohpen’s implementation department, a move that will strengthen Ohpen’s international growth capacity.
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EquiLend and Trax are collaborating on a full front-to-back Securities Financing Transactions Regulation (SFTR) solution to support mutual clients in their SFTR reporting requirements.
EquiLend’s expertise in the securities finance industry combined with Trax’s regulatory reporting and repo trade confirmation heritage will result in a comprehensive service covering all SFTR-eligible asset classes.
NTT Security Corporation (Head Office: Chiyoda-Ku, Tokyo; CEO: Jun Sawada), the specialized security company of NTT Group, has launched "IT/OT Integrated Security Services". The new services will be taken to market globally through the NTT Group companies, Dimension Data, NTT Communications and NTT DATA, forming part of its suite of integrated services to enable successful digital transformation initiatives for its clients.
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that Paul Thomalla, senior vice president, Corporate Relations & Development, has been appointed to Ecommerce Europe’s Payments Experts Taskforce, which supports the development of online payments strategies.
Mespo, the London based money manager, and Combine, a Barcelona based financial assistant that helps consumers keep track of their bank accounts across Europe, have entered into a partnership to help Combine’s customers get better energy deals in the UK.
Mespo will enable Combine’s UK based customers to check if they have been overcharged by their utility providers and then effortlessly switch customers to a better provider, saving them time and money.
Ping An Securities has implemented FusionCapital from Finastra throughout its operations in Greater China. The business, part of China’s Ping An Group, is now using the flexible Finastra platform to help extend its securities brokerage capabilities on a global scale – meaning it can boost revenues as it enters new markets.
Bolero International, the leading trade finance digitisation expert has appointed Andrew Raymond as its new global head of sales. Raymond will leverage his 25-plus years’ global experience in the fintech market to drive further growth in the number of organisations using Bolero’s cloud-based services.
Commonwealth Bank data shows older Australians are increasingly using technology to manage their finances, with strong ATM usage and a big uplift in online banking.
In addition, one in four customers over 65 is now banking digitally through NetBank and CommBank app - a 41 per cent increase over the last two years.
Business finance company MarketInvoice has signed an agreement with Varengold Bank AG to provide £45m funding annually on its invoice finance platform. This will fund working capital solutions for businesses across the UK.
Overall, sums advanced to UK businesses from institutional investors via MarketInvoice have increased more than 4-fold since 2014 from £27.8m to £116.3m in 2017. Cumulative funding from institutions stands at £296.2m which represents a quarter (26%) of the total funds advanced to UK businesses.
FactSet, a global provider of integrated financial information, analytical applications and industry-leading services, today announced that FactSet Digital Solutions has developed a new online broker offering for Banco Santander Totta in Portugal. FactSet Digital Solutions provides digital investment solutions for retail banking, private banking, wealth management, online brokerage, advisory and the media based on flexible technology and comprehensive support and hosting for integrated digital services and applications.