UK companies wasted more than £2.3bn on non-EU international payments in 2014, according to a report from FXcompared Intelligence, the independent research division of FXcompared. A lack of awareness of better bank rates or non-bank foreign exchange and international money transfer services is revealed to unnecessarily add billions of pounds to the cost of exporting and importing, with SMEs suffering disproportionally.
HID Global®, a worldwide leader in secure identity solutions, will be showcasing its broad offering of citizen ID solutions at Secure Document World 2015. The company will raise the curtain on a new era of government ID programs with the first demonstration of provisioning secure citizen ID credentials to smartphones.
Thomson Reuters, the world’s leading source of information for businesses and professionals, now offers increased depth of coverage in Canada’s fixed income markets from the electronic bond trading marketplace CBID, operated by Perimeter Markets Inc.
NeoXam, a leading provider of investment management software and services, has acquired SmartCo, an innovative enterprise data management software company, advancing NeoXam’s strategy to deliver cost effective, highly configurable solutions to the global asset management community.
From June 6, the business customers of KBC will be able to handle their European B2B direct debit mandates fully electronically.
From then on, they will be able to settle these mandates in just a few clicks. To achieve this, KBC works together with Twikey, the Belgian market leader in the field of electronic direct debit mandates. Creditors use B2B direct debits because they offer more security and guarantees than the European direct debit CORE.
Custom House Fund Services, a leading provider of financial services to the alternative investment sector, has announced that it will release significant enhancements to its Gateway technology platform over the next several months. Gateway is their web based portal that connects fund servicing with solutions across the middle and back office, designed specifically for US alternative investment managers.
UK banking customers receive almost 40,000 (39,899) tons of paper communications from their banks every year, new research has found. Digital financial services software provider Intelligent Environments has found that customers are sent more than 1.2 billion (1,276,776,000) paper communications from their bank each year, including letters and statements. If all letters were stacked up, the pile would reach the equivalent of 6,200 times the height of The Shard in London or the height of 437,500 double-decker buses stacked on top of one another.
At the World Economic Forum on Africa today, MasterCard announced its partnership with Premier Bank, becoming the first international payments network to enter Somalia. As a result of the partnership, Premier Bank will now issue and accept the first MasterCard-branded payment cards in Somalia, a country which hasn't had any form of formal banking service since the collapse of the government and financial services system in 1991.
Nomis Solutions today announces the release of Nomis 4.6, the latest version of their feature-rich price optimization suite, which enables banks to utilize actionable insight to react more quickly in today’s dynamic financial services market.