Banks and other financial services organizations have been investing in big data for years. From purchasing data, to collecting it at various points along the customer journey, they have an overabundance of valuable customer and even employee information at their fingertips. Ideally, this would be used to optimize operations, analyze customer behavior and grow employee engagement, among other things.

Financial IT:  Please introduce us to Modularbank

Vilve: Modularbank is a new entrant into the UK Fintech scene. We provide a flexible banking platform, allowing any business to rapidly offer seamless, tailored financial services to its customers. 

The company was launched in 2018 by a small group of Estonian financial IT pioneers and entrepreneurs. Modularbank is a spin-off from another Estonian fintech: Icefire, which is responsible for the infrastructure of the Estonian tax system and which has successfully built more than 15 banks and financial institutions. 

Wolters Kluwer Compliance Solutions today revealed that its Paycheck Protection Program (PPP) Supported by TSoftPlus™ solution, designed to help banks, credit unions, and other lenders support small businesses with payroll funding during the COVID-19 crisis, has so far assisted in PPP loan approvals supp

 InstaReM, the consumer and SME arm of global financial technology platform Nium, announced today the launch of cash payout options for recipients in Philippines.

Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, announced continued expansion of its Global Network for real-time money-movement and payments, benefiting the Company’s consumers an

Chip, the clever app that automatically saves up money for you, shares its growth opportunity with its investor community as 4,240 people invest £2,575,096 to fuel the firm's progress. Working with Crowdcube, the private round exceeded its £1 million target within hours, making it the largest equity crowdfund to be completed in the UK since the lockdown started.

Wirecard, the global innovation leader for digital financial technology, and mobile payment specialist Stampay are helping restaurants and retailers to expand their services by offering cashless delivery and takeaway options. The contactless payment options offered by Wirecard via the payment platform stampayGO enable SMEs to quickly and easily begin offering their customers safe takeaway and delivery services, for instance during the Covid-19 pandemic.

Cyber security provider F-Secure has successfully completed its second MITRE ATT&CK® evaluation. F-Secure’s comprehensive protection against a wide variety of the tactics, techniques, and procedures (TTPs) used in targeted attacks, as well as its ability to quickly arm defenders with actionable intelligence to help them respond to incidents, affirms that the company’s detection and response capabilities are among the best the industry has to offer.

Currencycloud today announced a pilot programme to provide SWIFT gpi tracking capabilities to their clients through a new API. This new service, one of the first offered by a non-bank, will allow Currencycloud clients to track their customers’ cross-border payments directly, much like an Amazon parcel. They can even pass the service further onwards to their own customers so they can track their payments themselves.

Early participants in the programme include big names such as TransferGo, Penta and Money Mover.

Stripe, which builds economic infrastructure for the internet, today announced three major updates to its core payments platform to help its millions of users increase their revenue: worldwide direct connectivity to six major card networks; a revenue optimization engine; and Stripe Issuing, now available to all US businesses.