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Starling Bank Unveils Developer Portal

Today Starling Bank revealed its much anticipated Developer Portal and took the next step on its roadmap to building out its Marketplace Platform.

Debuting for the launch of Innovate Finance 2017, Starling Bank’s Developer Portal enables third-parties to securely access customer data (with their permission, of course) and build on top of the Starling Platform using the mobile-only bank’s APIs (Application Programming Interface).

Tuesday, April 11, 2017 - 11:02
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Financial IT
FSS Unveils Aadhaar Pay System in India

FSS, the fintech and payments leader has introduced FSS Aadhaar Pay, to support the digital payment initiatives of the Government. It is a 12-digit unique identification number issued by the Indian government to every individual resident of India.  

Tuesday, April 11, 2017 - 10:52
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Financial IT
Naqoda Introduces Core Banking Platform

Today Innovate Finance member Naqoda, financial software solutions and services provider, announced the release of its core banking software. Naqoda’s software will allow existing banks, challenger banks, retail entrants and others to quickly deliver an omnichannel banking experience to their customers and efficiently organise their day-to-day operations.

Tuesday, April 11, 2017 - 10:42
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Financial IT
Towards a Platform Approach — What Banks Need to Know

Open innovation is undoubtedly one of the drivers behind PSD2. However, the trend towards open banking and APIs is a global one that goes beyond European legislation. And effects more than just technology or IT departments within banks.

In the last blog Open for business I looked at parallels between the telecoms and financial services industries in moving to a more open, platform-based ecosystem. Plus the role of banks in the new open era.

Tuesday, April 11, 2017 - 10:35
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Growth Street Unveils Major New Hires

Growth Street is glad to annunce that the following appointments have been done. Specifically, April Nardulli was appointed as General Counsel and Chris Weller was assigned a position of Commercial Director. 

April’s previous experience within London’s financial technology industry, most recently at RateSetter, should accelerate Growth Street’s ability to expand on its initial product offering to its customers.

Tuesday, April 11, 2017 - 10:31
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Financial IT
Not All US Banks Are Against Open Banking

blogged recently about American banks beating up the regulators to stop account access via APIs.  I heard this in various White House meetings in 2016, and assumed all banks and bank people felt the same way.  Well, they don’t.

Tuesday, April 11, 2017 - 10:22
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MainFirst Completed Migration To Torstone Inferno Platform

Today Torstone Technology, the leading provider of post-trade securities and derivatives processing, unveils that MainFirst, the independent German headquartered European financial services firm, specialising in equity brokerage, capital markets and asset management, has completed the migration to Torstone’s middle and back office platform, Inferno.

Tuesday, April 11, 2017 - 10:19
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Financial IT
Fulton Financial Corporation Renews Partnership With Fiserv

Today Fiserv, Inc., a global leader in providing financial services technology solutions, revealed that Fulton Financial Corporation, a bank holding company headquartered in Lancaster, Pennsylvania, has signed a long-term agreement to renew its relationship with Fiserv.   

Tuesday, April 11, 2017 - 10:08
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Financial IT
Mastercard Welcomes Latest Start Path Program Participants

Today, Mastercard welcomed five new startups to its Start Path Global program – the company’s global initiative to support innovative later-stage startups who are reshaping the future of commerce. The program is open to startups who are rethinking banking and payments and have raised a significant seed or Series A round of investment.

Tuesday, April 11, 2017 - 08:56
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Financial IT
Wonga Data Breach Affected Nearly 250,000 UK Customers

Wonga, the payday loan firm, has suffered a data breach which may have affected about 245,000 customers in the UK.

The range of information stolen may include names, e-mail addresses, home addresses, phone numbers, bank account numbers, sort codes and the last four digits of customers’ card numbers. 

The firm has apologised for inconvenience it caused to its customers and offered support through a devoted phone line.

Tuesday, April 11, 2017 - 08:48
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