Commerzbank, Deutsche Börse and MEAG to reach further step in post-trade services using distributed ledger technology
- 6 years 10 months ago
- Banking
Commerzbank, Deutsche Börse and MEAG, the Asset Manager of Munich Re and ERGO, have reached a further step in examining the scope of distributed ledger technology in post-trade services. The partners successfully completed the settlement of a legally binding secondary market securities transaction via tokens; Commerzbank further used the tokenized cash as collateral at Eurex Clearing as Central Counterparty.
Participants of Elevator Lab Program 2019/20 announced
- 6 years 11 months ago
- Banking
Yesterday, the jury of Raiffeisen Bank International’s (RBI) Elevator Lab selected from 14 finalists six winners who will be allowed to participate in the third round of the Fintech Partnership Program. Supported by RBI experts and mentors, the participants will develop socalled PoCs (Proof of Concept), which they will present on the Demo Day at the beginning of March 2020. On this basis, RBI will evaluate possible cooperations.
Archax selects R3’s Corda Enterprise platform for digital exchange DLT infrastructure
- 6 years 11 months ago
- Banking, Wholesale Banking
Archax, the London-based institutional digital securities exchange, today announced a partnership with R3, the enterprise blockchain software firm. Under this partnership, Archax will use R3’s Corda Enterprise platform to handle post-trade activities on a distributed ledger.
Equiniti Credit Services and Credit Kudos Power Enhanced Credit Decisioning with Open Banking Partnership
- 6 years 11 months ago
- Banking
Equiniti Credit Services, the UK’s leading consumer credit technology and outsourced services provider, today announces it has partnered with FCA-authorised credit bureau and Account Information Service Provider (AISP), Credit Kudos.
New Survey Shows Key Role of Technology in Client Acquisition
Finantix, the leading global provider of trusted technology to the wealth management, insurance, and banking industries, today launched the first part of a wealth management market survey, "New Client Acquisition: How can technology drive sales effectiveness in wealth management”. In this first chapter the research looks to identify the drivers for next generation client acquisition in wealth management and what part technologies have to play... more
Habib Bank AG Zurich is ready for PSD2 with Salt Edge’s solution
- 6 years 11 months ago
- Banking
The PSD2 API of Habib Bank AG Zurich went live on 13 September. This API is developed by Salt Edge for Habib Bank AG Zurich to enable new open banking capabilities and provide full PSD2 compliance.
FinTech partnership helps UK banks and financial institutions stay competitive with SME customers
- 6 years 11 months ago
- Banking, Core Banking
Today five°degrees; a digital core banking provider announces its partnership with Codat, a London based FinTech helping banks to integrate with the multiple accounting platforms their customers use to run their businesses – all through a single API. The collaboration between five°degrees and Codat strengthens the position of the two companies within the SME lending industry, provisioning for the needs of banks and financial institutions to help... more
Gresham delivers flexible real-time solutions to meet corporate treasury demands
Gresham Technologies plc, the leading software and services company that specialises in providing real-time solutions for data integrity and control, banking integration, payments and cash management returns to EuroFinance with news of enhanced technology solutions for corporate treasury operations. Phil Boland, Gresham, Managing Director, Cash Management Solutions commented:
ICS Financial Systems to Participate at Islamic Finance Week 2019 - AIFC
- 6 years 11 months ago
- Banking
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, has participated in the Astana International Financial Centre (AIFC) - Islamic Finance Week’s third annual conference organized by the Bureau for Continuing Professional Development (BCPD), to showcase its awards-winning ICS BANKS ISLAMIC banking application, exchange intern
Path Solutions upgrades Maisarah’s core banking platform for enhanced performance
- 6 years 11 months ago
- Banking, Islamic Finance
Path Solutions, the global Islamic banking software company, today announced that Maisarah Islamic Banking Services of BankDhofar has successfully upgraded its core banking platform to the latest version of iMAL.
Revolut in Bid for $1.5 billion Debt and Equity Round
- 6 years 11 months ago
- Banking
Revolut has hired JPMorgan to oversee a $500 million equity raise and $1 billion convertible loan, in a move that would bring the total funding raised by the loss-making firm to almost $2 billion. The search for new capital comes just weeks after Revolut secured a global deal with Visa that would see the fintech move into 24 new markets and boost staff numbers to 3500. According to Sky News, which first reported on the upcoming funding round,... more
OTP Group Shifts Gears for Late-Stage Startup Programme
- 6 years 11 months ago
- Banking
Hungary's OTP Group is inviting late-stage startups to apply for a Group-wide pilot programme aimed at finding fresh applications for long-term commercial deployment at the bank.
OpenPayd announces new Chief Product Officer and Chief Growth Officer
OpenPayd today announces the appointment of Adam Bialy as Chief Product Officer and Sophie Guibaud as Chief Growth Officer. Sophie joins OpenPayd from Fidor, where she was appointed as Vice President of European Expansion in 2015, becoming Managing Director Europe in 2018. She began her career in investment banking before joining a growth capital fund. After launching HelloFresh, she led product strategy and commercialisation at Bankable, before... more
Alfa-Bank and NLMK launch Foreign Trade Finance Pilot Transaction with Commerzbank and Vesuvius GmbH via Marco Polo
- 6 years 11 months ago
- Banking
Alfa-Bank and Novolipetsk Steel Company (NLMK), in cooperation with Commerzbank, Germany, and Vesuvius GmbH, Germany, have launched a pilot project of cross-border payments via the Marco Polo international trade finance network. For Marco Polo, it is the first Russian-German import-export operations financing project.
OpenFin Powers BNP Paribas’ FX Platform Cortex LIVE
OpenFin, the operating system (OS) of finance, today announces that BNP Paribas has built and deployed their single dealer FX platform, Cortex LIVE, on OpenFin OS. Cortex LIVE offers users more intelligent execution methods, greater transparency and enhanced controls. The platform features a real-time market intelligence portal, Insight LIVE, data visualisation and the FX industry’s first real-time digital trading assistant, ALiX.
