News

Preparing For 2020: The Impact of the Cloud on B2B Payments

By 2020, US business to business (B2B) payments are expected to reach $23.1 trillion according to Deloitte. This is driven by cloud technology, which is accelerating the digital transformation of the payments industry, providing customers with a myriad of convenient payment methods. This shift is occurring because consumers need instant and on-demand access to everything. As incumbent banks have inconsistently delivered in the first instance,... Read more »

UnionBank, UBX become first Philippine partners for the MAS Business Sans Borders

The partnership with the Monetary Authority of Singapore (MAS) allows UBX’s SME platform, Sentro to be integrated in the Business Sans Borders (BSB) system enabling SMEs from both markets to discover cross-border business opportunities. Read more »

Demand For Cash Remains Strong Despite Proliferation of Alternative Payment Methods

ATM cash withdrawals will continue to increase in most countries After many years of growth, the total number of ATM cash withdrawals worldwide dropped by 3% to 95 billion in 2018, and is forecast to continue falling, according to RBR’s Global ATM Market and Forecasts to 2024 study. This global view masks how use of cash is evolving in many countries, however, with cash withdrawal levels expected to rise in over half of the 63 major markets... Read more »

Poland’s Bank Millennium Chooses OneSpan to Improve Customer Experience in Corporate Banking

OneSpan™, a global leader in software for trusted identities, e-signatures and secure transactions, today announced that Bank Millennium, a rapidly-growing subsidiary of Banco Comercial Português (Millennium bcp), has deployed Cronto® technology to secure transactions while improving the experience for its corporate banking customers. Read more »

USDT-Margined Futures Now Live on OKEx

OKEx, the world’s largest futures cryptocurrency exchange, today announced the launch of USDT-Margined Futures. After a successful simulation beginning November 5, 2019, BTC/USDT Futures Contracts officially went live today, November 14, 2019, on the OKEx futures market.  Read more »

Triple shortlisting for Banking Circle at the Card & Payments Awards 2020

Banking Circle, the ground-breaking provider of financial services infrastructure has been shortlisted for three awards in the upcoming Card & Payments Awards. Banking Circle Virtual IBAN is up for the Best Service to Business award, and together with Ixaris Payments is shortlisted for Best Technology Initiative of the Year. In addition, Ixaris Payments and Banking Circle are shortlisted for Best Achievement in Payments Processing. Read more »

Ingenico reports record breaking Singles Day

Ingenico Group, the global leader in seamless payment, today reported record breaking transaction volumes and payment authorization rates on its most successful Singles Day ever. The company outperformed last year with more than four times as many online transactions as 2018’s event and recorded its highest number of Transactions Per Second (TPS) ever. During the event, Ingenico’s Amsterdam-based ePayments division processed millions of payments... Read more »

Standard Chartered Invests in Regtech Startup Silent Eight

Standard Chartered’s innovation, fintech and ventures unit, SC Ventures, has participated in a Series A funding round for regtech Silent Eight. The AI-powered anti-money laundering and counter-terrorism financing startup raised an oversubscribed US$6.2 million in the round, with OTB Ventures and Wavemaker Partners also participating. The capital will be directed at new hires, with plans to double its 50-strong global headcount by the end of Q1... Read more »

Pay.UK Knocks Back Faster Payments Fees to Cover APP Fraud

Proposals by seven UK banks to levy a per transaction fee for for certain Faster Payment transactions as a means to provide a long-term, sustainable funding arrangement for the reimbursement of APP scam victims, have been knocked back by governing body Pay.UK following an industry-wide consultation. Read more »

Protiviti and International RegTech Association Sets Out Blueprint for Much Needed Digital Optimization of ‘Know Your Customer’ Processes

Protiviti and the International RegTech Association (IRTA) have released the findings of a global market study they conducted to investigate the effectiveness of current ‘Know Your Customer’(KYC) processes. The study reveals an urgent need for more effective industry alignment to accelerate the digitizing of KYC processes and greater use of shared platforms. Read more »

Avaloq completes the acquisition of Derivative Partners

Avaloq, the leading cloud platform and service provider for banks, wealth managers and investment firms, has successfully closed the acquisition of Zurich-based Derivative Partners AG, the number one independent information and data provider for structured products and derivatives in Switzerland. The deal was first announced in July this year. Derivative Partners will continue to operate as an organizational entity, with all staff retained.... Read more »

Four Abacus Group Managers Named Women in Finance Awards Finalists

Abacus Group, a leading provider of hosted IT solutions and services for alternative investment firms, is pleased to announce that four of its managers have been selected as finalists in the 5th Annual Markets Choice Awards: Women in Finance, presented by Markets Media Group. Read more »

Ledger Vault Obtains Groundbreaking Custom Crime Insurance Policy

 Ledger, the global leader in security and infrastructure solutions for digital assets and blockchain applications, today obtained a crime insurance policy covering digital assets secured by the Ledger Vault platform. This program follows a rigorous evaluation of Ledger Vault’s hardware and software security infrastructure as well as governance policies. Ledger Vault worked for the last year with leading broker and risk advisor Marsh and a lead... Read more »

NRI reveals Shingan AD, Alternative Data Insights for Global Institutional Investors

Nomura Research Institute, Ltd. (NRI), a leading provider of consulting services and system solutions, announced today they will launch Shingan AD, a new service providing institutional investors with Japanese alternative data and data analysis on December 1st, 2019   The use of alternative data in investment decision-making is growing rapidly. Sourcing, cleansing, and preparing large amount of data for analysis presents a big challenge for... Read more »

Caspian and Tagomi Partnership Sets New Industry Standard for Crypto Trading

 Caspian, the full-stack crypto trading and portfolio management platform for institutional investors and sophisticated traders, today announced it has partnered with Tagomi the leading global digital assets prime broker.   The two industry captains are set to shake up the crypto market with a new standard of crypto trading. The partnership will create the safest, most efficient and easy to access full end to end trading solution for... Read more »

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