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NPM Capital Acquires 35% Stake In Ohpen

First and long-time investor Amerborgh sells a part of its stake in Ohpen to NPM Capital, that upon the transaction, will have a 35% stake in Ohpen. Amerborgh wanted to sell this stake to finance ongoing and future projects, like the arts and culture centre "het HEM" in Zaandam.

Ohpen is a fast-growing Fintech company. The Ohpen SaaS, cloud native core banking platform administers retail investment and savings accounts for banks and other financial institutions.

Thursday, April 18, 2019 - 12:52
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Financial IT
Flywire, TRUE North Partner for International Student Programs in Canada

Flywire, a company that solves complex payment problems for educational institutions and their students around the world, today announced the next strategic step in its partnership with TRUE North, a Canadian-based provider of online systems for information management, tracking, collaboration, and reporting for international student programs. The companies have integrated their solutions – connecting the application, enrollment and cross-border payment and receivables processes to provide schools, interna

Thursday, April 18, 2019 - 12:49
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Financial IT
Will a Global Platform Connect All of Our Money?

When I talk about FinTech, I often reflect on the first time I encountered what I would, today, call a truly FinTech firm. It was on March 30, 2005, and a newly formed firm presented at the Financial Services Club an idea. The idea was to connect people with money to people who needed money through a platform and an algorithm. It wasn’t called FinTech back then, this was an early nascent market, but the idea was tremendous and completely alien in 2005.

Thursday, April 18, 2019 - 11:25
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Financial IT
Libertex Launched Lyft Trading

Igor Galkin, Head of Global Business Development and Sales at Libertex Group, said, “Lyft held an IPO at the end of March, 2019. Its shares are one of the most interesting instruments of this season. We’re glad to offer our clients CFD for Lyft shares and open new trading opportunities for them.”
 

Thursday, April 18, 2019 - 11:20
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Financial IT
Praxia Bank to Offer Deposit Products via Cross-border Deposit Marketplace

A new deposit acquisition strategy capitalizing on cutting-edge technology and globalized market opportunities.

Thursday, April 18, 2019 - 11:18
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Financial IT
Paysend recognised by MasterCard for the quality of their payment processing

The quality of payment processing by paytech firm Paysend has been recognised by MasterCard.

The recognition comes in the form of MasterCard’s Regional Compliance Award, which compares ICAs (Interbank Card Association Numbers) in their respective region. Only ICAs in the top five per cent with the highest compliance percentage receive the awards.

Thursday, April 18, 2019 - 11:08
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Financial IT
Imandra Completes $5 Million Seed Round Led by AlbionVC, IQ Capital and LiveOak Venture Partners

Imandra Inc. - creator of the Imandra cloud-native automated reasoning engine - has completed a $5 million Seed investment led by AlbionVC, IQ Capital and LiveOak Venture Partners. The capital will be used towards further growth in financial services and fast-growing applications of their AI technology to autonomous vehicles, robotics and machine learning. Imandra democratises deep advances in symbolic AI for making algorithms safe, explainable and fair.

Thursday, April 18, 2019 - 11:07
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Financial IT
Customer engagement key differentiator for banks as total redress payments increase

Statistics from the recent FCA complaints handling report show that the total redress paid to consumers was £2.26 billion, 12% (£216 million) increase compared to £2.57 billion in 2018 this time last year.

Thursday, April 18, 2019 - 11:04
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Financial IT
Baker Hill and Validis Partner to Combine Powerful, Industry-Leading Technology

Baker Hill – a leading provider of technology solutions for common loan origination, risk and relationship management, CECL compliance, and smart data analytics – and Validis – a pioneer of financial data sharing and standardization technology – have entered into a strategic partnership to combine the companies’ industry-leading technology.

Thursday, April 18, 2019 - 09:16
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/news/compliance/baker-hill-and-validis-partner-combine-powerful-industry-leading-technology
Financial IT
Surecomp Inaugurates SureLab Innovation Center

Surecomp®, the global trade finance fintech leader, announced today the inauguration of SureLab, Surecomp’s newly established innovation lab. SureLab was established to centralize Surecomp’s digitization initiatives thereby enabling Surecomp to maintain its position at the forefront of trade finance innovations. SureLab aims to introduce new technologies to the digital trade finance arena.

Thursday, April 18, 2019 - 06:27
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