Global Fintech Fundraising Fell in First Half of 2019, with Decline in China Offsetting Gains in the US and Europe, Accenture Analysis Finds

Global investment in financial technology (fintech) ventures fell sharply in the first half of 2019, as fundraising and deal activity in China that had soared a year earlier ground to a halt, partially offsetting strong gains in the U.S., U.K. and several other European countries, according to Accenture (NYSE: ACN) analysis of data from CB Insights, a global venture-finance data and analytics firm. Read more »

Advanced Attracts Investment From BC Partners

Advanced has announced it has secured an investment from Funds advised by BC Partners (“BC Partners”), a leading international private equity firm. The funds from BC Partners will support Advanced’s rapid growth aspirations to become the number-one provider of business software solutions in the UK, whilst expanding its global footprint. Read more »

Accenture Interactive to Acquire Leading Design and Innovation Firm, INSITUM

Accenture has entered into an agreement to acquire INSITUM, a service design and strategic research firm focused on innovation through a human-centered approach. The acquisition will strengthen Accenture Interactive’s position as a leading Experience Agency in the region by expanding the world-class services of its design and innovation unit, Fjord, in Latin America and beyond. Read more »

Keesing Technologies releases new customer onboarding solution in beta

Keesing Technologies, the leading global identity verification provider, announces the beta release of its new ID verification solution for remote customer onboarding. Ease-of-use and reliability are key in the new solution that will be available as a webAPI. The solution is part of the leading-edge AuthentiScan product suite. As of today, the beta version of the AuthentiScan webAPI is open for testing. Read more »

NTT reveals lack of strategic ownership is stalling digital transformation plans

According to NTT Ltd.’s 2019 Digital Means Business Report, only 11% of organizations are highly satisfied with those in charge of spearheading digital transfor Read more »

Ping Identity, Utilized by Many of the CMA 9, Passes FAPI Conformance Test as UK Open Banking Adoption Grows

Ping Identity, the leader in Identity Defined Security, today announced its successful completion of the Financial-grade API (FAPI) conformance testing, as part of the process defined by Open Banking Ltd. Read more »

FSS wins 4 awards including Best B2B Payment Solutions Provider 2019

FSS (Financial Software and Systems), a global payments technology company, has won four awards at the 7th edition of Payments and Cards Summit, held in Mumbai. The company received the highest honour Best B2B Payment Solutions Provider as well as awards in three other categories -- Best White-Labelled Payment Gateway for FSS Payment Gateway, Best ATM Managed Services for ATM Managed Services and  Best Anti-Fraud and Security Solution for FSS... more Read more »

Kantox and Silicon Valley Bank partner to provide cutting-edge FX hedging technology to UK corporates

Kantox, a leader in foreign exchange (FX) management solutions, has partnered with Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, to offer cutting-edge FX management software to SVB’s corporate clients across the United Kingdom. Read more »

Spectra Logic Celebrates 40th Anniversary

Spectra Logic, a leading developer of data storage solutions, announces today that it hit a milestone few companies in the IT industry have reached, namely the celebration of its 40th year of business. Behind this impressive achievement is a history of technology innovation, customer commitment, and focus on excellence. Read more »

Sterling fall could lead to surge in Chinese citizens buying British goods/visiting the UK -spending power could increase by 22%

JGOO, the next generation mobile payments platform, says the increased chance of a hard Brexit and the growing possibility of a general election means Sterling could fall further, leading to a possible surge in Chinese tourists visiting the UK and buying the country’s goods online. Read more »

Itiviti appoints Gavin Welsh as Head of Customer Success, strengthening customer focus

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced the appointment of Gavin Welsh as EVP, Head of Customer Success, Itiviti Group. Gavin brings more than 25 years’ experience of Fintech customer support and relations to Itiviti, most recently as Global Head of Client Coverage at TradingScreen. Reporting to CEO Rob Mackay, Gavin will define and drive Itiviti’s customer strategy. Read more »

Al Ahli Bank of Kuwait partners with EdgeVerve for its Robotic Process Automation journey

Al Ahli Bank of Kuwait has partnered with EdgeVerve Systems, a subsidiary of Infosys (NYSE: INFY) to steer its automation journey using AssistEdge Robotic Process Automation (RPA). Read more »

Solactive issues benchmarks dedicated to Swiss investors

Solactive is pleased to announce that Zürcher Kantonalbank, one of the leading Swiss universal banks, will use four Solactive Benchmark Indices as underlyings for their newly launched certificates. Read more »

Broadway Technology Accelerates Growth in 2019 Following Period of Record Results and Product Innovation

Broadway Technology, a leading provider of high-performance fixed income and foreign exchange front-office solutions, today announced record results for 2018 and continued momentum in 2019. The company recorded an impressive 42% year-over-year revenue increase in 2018, led by ongoing expansion into global fixed income and foreign exchange markets and the addition of cryptocurrency as a supported asset class. Read more »

DriveWealth Partners with Vested Finance to Launch Digital U.S. Equities Investment Product in India

DriveWealth, LLC, a U.S. based leader in global digital trading technology, today announced a new partnership with Vested Finance, a U.S. registered investment adviser (RIA) serving the retail investor market in India.  The DriveWealth platform is the engine for the new offering, which is launching broadly today, giving individual investors in India seamless digital access to the U.S. equity markets. Read more »

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