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Capgemini and Efma launch Financial NewTech Challenge 2020

Capgemini and Efma today launched the Financial NewTech Challenge 2020, powered by FinTechVisor, which offers an opportunity for NewTechs and financial institutions to showcase their collaborative business solutions to an elite panel of experts and industry influencers.

Friday, January 17, 2020 - 10:09
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RiskFirst targets North America growth with hire of former PBGC CEO

Fintech company RiskFirst (A Moody’s Analytics Company) has appointed Charles Millard to develop its North American defined benefit (DB) pensions client base, which includes pension plans, consultants and asset managers. Millard, working in an advisory role based in RiskFirst’s New York City office, will harness his expertise and extensive network of North American pension plans to help grow RiskFirst’s client base in the US and Canada.

Friday, January 17, 2020 - 07:40
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DolEx Streamlines Processes with Cloud-Based Deployment of Fiserv Anti-Money Laundering Technology

Fiserv, Inc., a leading global provider of financial services technology solutions, announced today that DolEx Dollar Express, Inc. and its affiliate, Europhil, will enhance their anti-money laundering (AML) processes with te

Friday, January 17, 2020 - 07:28
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The Race for Alternative Data

'Data is the new oil.’ It’s a dramatic statement – and certainly a contentious one. Just as one publication makes the case for it, another rubbishes the concept. The first argument points out that data is becoming the world’s most valuable resource; the second, that the analogy is lazy and rapidly collapses, whether because data is infinite or because it can be transported around the world almost instantaneously and at minimal cost. 

 

Friday, January 17, 2020 - 05:36
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Financial IT
Equifax Agrees $1.38bn Data Breach Lawsuit Settlement
Equifax

A US judge has rubber-stamped a $1.38 billion settlement related to the massive 2017 data breach at Equifax - capping the amount available for cash payouts to victims.

As first reported by BankInfo Security, the federal judge has given final approval for a settlement that deals with a class action lawsuit against Equifax.

Mirroring an agreement reached between Equifax and the Federal Trade Commission last year, the settlement sees the tens of millions of Americans affected by the breach given the choice between free credit monitoring or a cash payment.

Friday, January 17, 2020 - 05:32
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Financial IT
Australian Lender Wisr Raises $35 Million
Australian Lender Wisr

ASX-listed marketplace lender Wisr has raised $35 million via a placement of approximately 181 million ordinary shares.

Wisr offers small to medium loans to help consumers pay down debt at rates based on borrowers’ individual risk profile. The five-year old company also operates a credit score comparison service.

The firm says it will use the proceeds of the placement to grow its credit product offerings and strengthen the balance sheet.

Friday, January 17, 2020 - 05:29
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Financial IT
Turkish Banks Switch on Digital Gold Transfer Network

Turkish banks have begun the transfer of a cryptocurrency representing physical units of gold via a blockchain platform developed by Istanbul Clearing, Settlement and Custody Bank (Takasban).

The private cryptocurrency, dubbed BiGA, represent the equivalent of one gram of gold stored in the vaults of the Istanbul Sotck Exchange.

The BiGA blockchain platform and gold transfer system caters for the export, amortization and transfer of digital assets, and also feature integration, reconciliation, monitoring and reporting capabilities.

Friday, January 17, 2020 - 05:26
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Financial IT
Ex-CFTC Chair Launches Digital Dollar Foundation
Digital Dollar Foundation

Former Commodity Futures Trading Commission (CFTC) chair Chris Giancarlo is teaming up with Accenture to explore the creation of a US central bank digital currency (CBDC).

Friday, January 17, 2020 - 05:23
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/news/blockchain/ex-cftc-chair-launches-digital-dollar-foundation
Financial IT
TreasurySpring makes senior Sales hire on the back of strong appetite for FTFs

TreasurySpring, the London-based financial technology company that enables firms to minimise risk and maximise returns on excess cash balances, today announced that John Bentley has joined as Head of Sales to lead the firm’s expansion strategy.   

Thursday, January 16, 2020 - 16:10
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/news/people-moves/treasuryspring-makes-senior-sales-hire-back-strong-appetite-ftfs
Financial IT
Maitland Grows London Business Development Team to Meet Increasing Demand from European Asset Managers

 Maitland, the global advisory, family office and fund administration firm, has today announced two new hires as part of its continued growth across Europe. Natasha Head and Craig Rowland join as Business Development Managers based in London.

Thursday, January 16, 2020 - 14:05
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Financial IT

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