It’s no secret that access to the right data, at the right time, in the right context, is integral to helping businesses accelerate value, not least in financial services. Timely, accurate data can be a gold mine for businesses, empowering them to make more informed decisions that have significant impact on the bottom line. But despite it being acknowledged that equipping people to understand and use data is essential, the financial services industry has historically struggled to realise the maximum benefits data can offer.

The FinTech Modulr has today launched Confirmation of Payee, a fraud prevention initiative spearheaded by Pay.UK.

CB Insights today named CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, to the third annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This marks the second consecutive time CloudMargin was named to the list, this year as one of

Cornerstone Brands is pleased to announce that shareholders have approved the intended acquisition of FXPress Payments Services Ltd, a provider of advanced payment systems as Platform as a Service to SMEs (“FXPress”). The completion of the acquisition is subject to FCA authorisation.

Highlights of the transaction agreed at General Meeting

These days, the average consumer has multiple cards weighing down their pockets, from debit and credit cards, loyalty schemes, contactless public transport tickets, IDs, healthcare cards and more. This seems out-dated in an age where we can already do so many things all from one device.

Experts predict that by 2021, damage caused by internet fraud will reach $6 trillion, making cyber fraud one of the world’s fastest growing and most dangerous economic crimes. And according to a recent report by IBM, in 2019 the financial services sector was the most targeted industry for cyber criminals.

Pan-African cross-border payments leader MFS Africa has today announced its partnership with global money transfer start-up PaySii to help facilitate remittances in Africa. The partnership with MFS Africa will enable PaySii to extend its services to customers who want to send money to mobile wallets in Nigeria, Ghana, Uganda, Cameroon, Rwanda, Ethiopia, Côte d'Ivoire, Zambia, Madagascar, Malawi, Congo, Niger and Benin.

Brief Summary

The iMAL*Treasury solution lays on top of all the bank operations and offers a comprehensive view of the financial institution’s condition, liquidity and profitability.