The Bank of London Joins Faster Payments, the UK's 24/7 Real-time Payments System
The Bank of London, the leading-edge technology company and the world's first purpose-built global clearing, agency, and transaction bank, today announces it has become a Directly Connected Settling Participant (DCSP) of the Faster Payment System, the UK's 24*7 real-time payments infrastructure.
ADDX To Appoint New CEO: Investment Banking Veteran Oi-Yee Choo Aims To Build Asia’s Largest Private Market Exchange And Record US$1 Billion In Transactions By 2023
The mission of ADDX is to democratise private market investing – expanding access from institutions to accredited individuals, and ultimately to retail investors, she says Singapore Exchange-backed private market platform ADDX has announced that Oi-Yee Choo will be appointed its Chief Executive Officer, subject to the Monetary Authority of Singapore’s (MAS) approval.
Visa, Mastercard and American Express Suspend Operations in Russia
Visa, Mastercard and American Express have announced they will suspend all operations in Russia in protest at its invasion of Ukraine. But Russia's major banks have already downplayed the impact the move will have on consumers. Shoppers will still be able to use the cards for purchases within Russia until they reach their expiry dates. But Visa, Mastercard or American Express cards issued abroad will no longer work at shops or ATMs... more
ADDX To Appoint New CEO: Investment Banking Veteran Oi-Yee Choo Aims To Build Asia’s Largest Private Market Exchange And Record US$1 Billion In Transactions By 2023
- 3 years 11 months ago
- Investment, Banking
The mission of ADDX is to democratise private market investing – expanding access from institutions to accredited individuals, and ultimately to retail investors, she says CEO Designate Oi-Yee Choo at the ADDX head office located at Aperia Tower One, Singapore Singapore Exchange-backed private market platform ADDX has announced that Oi-Yee Choo will be appointed its Chief Executive Officer, subject to the Monetary Authority of Singapore’s (MAS... more
Sberbank Pulls out of Europe as Austrian Entity Fails
- 3 years 11 months ago
- Banking
Sberbank has announced it has been forced to pull out of the European market, after it said it faced large outflows of cash in the region as well as threats to the safety of its employees and branches. The bank, Russia’s biggest lender, said its European subsidiaries had faced “abnormal cash outflows”, meaning it could no longer supply them with liquidity. However, Sberbank said it had sufficient capital to be able to make payments to all of its... more
04/03 – Weekly Fintech Recap
- 3 years 11 months ago
- Artificial Intelligence, Digital banking, Open Banking, RegTech, Payments, Banking, Data, FinTech StartUps, IT Innovations, M&A Deals, People Moves
Partnerships LendingUSA introduces FastScreen customer prescreen toll for the funeral home industry in partnership with TransUnion
SmartBank Selects nCino to Increase Speed and Simplify Commercial Loans
Community bank chooses nCino’s robust, single platform to best serve its community
Fintech Delio Secures $8.3m Growth Funding Led by Octopus Ventures to Connect Private Markets on a Global Scale
- 3 years 11 months ago
- Alternative Finance
Investment was led by Octopus Ventures and supported by early-backers Maven Capital Partners, bringing Delio’s total equity funding to $15.5m Delio’s white-label technology helps financial institutions like Barclays and UBS to share and manage private markets investment opportunities through a series of digital hubs
Gulf Capital Accelerates Investment Pace in Egypt With Over EGP5 Billion Invested in the Country to Date and Announces New Office Opening
- 3 years 11 months ago
- Investment, Alternative Finance
Gulf Capital, a leading thematic alternative investment firm in growth markets, announced today that it has opened an office in Cairo to further seek investment opportunities in the fast-growing Egyptian and African markets. The office will be headed by seasoned investor Miray Zaki, the prior Chief Investment Officer of the Sheikh Zayed Al Nahyan Foundation and previously with the Abu Dhabi Investment Authority (ADIA), and Fady George, who joins... more
LHV UK Selects Tuum as Core Banking Platform Provider to Accelerate Product Development & Future-Proof Operations
- 3 years 11 months ago
- Core Banking
Tuum, the next-generation core banking platform, today announces that it has been selected by LHV UK, the fintech-focused bank and payment services provider, to provide the core infrastructure for the entirety of LHV UK’s banking operations.
Insufficient Investment, Skills and Data Causing Significant Challenge to Global Banks and Insurers' Efforts to Quantify Cyber Risk Says ORX
- 3 years 11 months ago
- Investment, Banking, Data
Cyber is one of the top risks facing the financial services industry, but organisations are still working out the best way to quantify it, according to a report by ORX, the world’s largest association of operational risk professionals. 30 major global banks and insurers took part in the latest ORX Cyber study: ‘Cyber risk management: The journey to cyber risk quantification’, which provides insights into current practice, challenges and the... more
FinovateEurope Returns to London with Showcase Event Featuring Cutting-Edge Fintech Solutions
- 3 years 11 months ago
- Banking, IT Innovations, Financial
- Informa’s 2022 FinovateEurope Conference returns to the InterCont
TSB Partners With Farewill to Offer Customers Simple and Affordable Wills and Probate Services
- 3 years 11 months ago
- Banking
Three in five (over 30 million) UK adults do not currently have a will TSB partners with Farewill to empower customers to take control of their finances and protect their loved ones Customers will be able to write a will in as little as 15 minutes and at a 10 percent discounted rate - half the cost of traditional providers TSB customers also have a five percent discount on Farewill’s probate services, saving time, money and... more
Temenos Named a Leader for 12th Time in Gartner® Magic Quadrant™ for Global Retail Core Banking
- 3 years 11 months ago
- Banking
Positioned furthest for ‘completeness of vision’ in the Leaders’ quadrant
7 in 10 Business Account Holders Have Never Switched Business Bank Providers
- 3 years 11 months ago
- Banking
3 in 5 (60%) business account holders have their business account with the same provider as their primary personal account
