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Kreditech receives EUR 110 million investment from PayU

Kreditech, the leading technology group for digital consumer credit using machine-learning based underwriting, has closed a EUR 110 million investment from global online payment service provider PayU.

The landmark investment is the largest ever equity investment in a German fintech company and builds on a successful 12-month pilot programme in Poland.

Wednesday, May 10, 2017 - 12:16
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Financial IT
Sopra Banking Software and Axway launch a digital platform for financial services players

Sopra Banking Software, a trusted partner for banks, and Axway, a catalyst for digital transformation, are preparing a digital platform that aims to create new customer experiences while enabling financial players to comply with PSD2.

Full-throttle change in the world of banking: the emergence of Open Banking

Wednesday, May 10, 2017 - 12:09
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Financial IT
b.a.lyasovko.nst.ant.i.n.75@1.aaple.ru
Wednesday, May 10, 2017 - 11:44
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World First goes live with Duco

Duco, the global fintech provider of data control services, today announced a new engagement with World First, the international payments company. World First will use Duco Cube, the award-winning self-service data control platform, to automate a variety of tasks across treasury and middle office functions.

Wednesday, May 10, 2017 - 11:41
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Financial IT
45% of Investment Banks Planning Relocation

To see over a quarter of financial services firms making clear their intention to move either jobs or activity from London to another city in Europe is not a surprise. Banks and other financial services companies like certainty and there is currently no clarity on the type of access the UK will have to the Single Market after Brexit, something which will be key to many of these firms’ business models.

Wednesday, May 10, 2017 - 11:19
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Financial IT
SmartStream supports retail payments ecosystem

SmartStream Technologies, the Transaction Lifecycle Management (TLM®) specialist, today announced the release of Corona Retail Payments Control, its reconciliations and exceptions management product, capable of supporting a wide-range of retail payments to significantly improve operational efficiency for customers.

Wednesday, May 10, 2017 - 10:56
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Financial IT
World Trade Board Kicks Off New Sustainable Trade Initiative and Expands Board to Promote Inclusive Global Trade

The World Trade Board today announced the addition of a new initiative on sustainable trade, alongside its existing three initiatives, as part of its pledge to advance standards and digitalisation in global trade finance.

Wednesday, May 10, 2017 - 10:55
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Horizon Extends “Buy and Build” Capability for Algo Trading

 Award-winning Horizon Software announced today that it will give clients unparalleled control over their algo trading strategies, with the ability to modify the built-in templates in the Horizon Platform for Automated Trading. The three new templates which can be modified are Quote Reply Market Making, Hedge Volatility Order and Options Arbitrage.

Wednesday, May 10, 2017 - 10:16
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Banks Waste Billions on AML Compliance

Financial services firms are growing increasingly concerned over the mounting costs and reduced effectiveness associated with customer due diligence. Not only do banks have outdated legacy systems, they are plying them with poor quality data when analysing customer risk. This is what generates such high numbers of false positives.

Wednesday, May 10, 2017 - 08:22
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Gemalto and Veridos Strengthen Citizen Identity Security with eID Cards for Macao SAR Government

Gemalto, the world leader in digital security, is partnering with Veridos, a German company specializing in Identity Solutions, to supply contactless electronic ​identity cards (eIDs) to the Macao Special Administrative Region Government (Macao SAR Government). Under the collaboration, Gemalto is the subcontractor responsible for providing the physical cards, enhanced with security features and seamlessly inc​orporating Veridos' operating system software solution.

Wednesday, May 10, 2017 - 08:04
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Financial IT

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