Financial identities for world’s unbanked would add USD $250BN to global GDP according to new study
- 5 years 5 months ago
- Financial
A new report published today projects that establishing financial identities for the world’s financially excluded – or “unbanked” – population would add an extra USD $250 billion to global gross domestic product (GDP), mainly from developing nations in Asia and Latin America. This is the equivalent of bringing the productive potential of a country the size of Vietnam - a country of 95 million people - into the formal global economy.
Kraninger Marks First Year As Director Of The Consumer Financial Protection Bureau
- 5 years 5 months ago
- Financial
Today, Consumer Financial Protection Bureau Director Kathleen L. Kraninger made the following statement regarding her Dec. 11 one year anniversary leading the Bureau:
FintechOS Raises GBP 10.7 million (USD 14 million) Series A for Global Expansion
- 5 years 5 months ago
- Financial
FintechOS, the next generation of hyper-personalised, automated financial technology, announced today it has secured GBP 10.7 million (USD 14 million) of Series A investment.
AccessFintech partners with Citi, Credit Suisse, Goldman Sachs and J.P. Morgan to standardise the industry’s settlement workflow
- 5 years 5 months ago
- Financial
AccessFintech, which delivers collaboration, transparency, shared use cases and control to the financial industry, announces today that it has completed its production launch and is live with a new industry use case, to meaningfully enhance and improve the market’s settlement exception resolution process. AccessFintech has partnered with four leading investment banks in this effort.
Pancreta Bank to optimize regulatory compliance with Finastra
- 5 years 6 months ago
- Financial
Finastra today announced that Pancreta Cooperative Bank, a leading cooperative organization in Greece with more than 85,000 active members, has selected its Fusion Risk solution to automate regulatory reporting and minimize the cost of compliance.
PayNearby wins ‘Best Fintech Innovation in Financial Inclusion’ Award
- 5 years 6 months ago
- Financial
PayNearby, India’s largest hyperlocal FinTech network has won the ‘Best Fintech Innovation in Financial Inclusion’ award for offering last mile access to consumers in the underbanked sectors across the country. PayNearby was selected based on the organization’s operational performance over the last year, innovative technology & commitment to the development of the underserved of the country. The India Finance Inclusive Awards was presented... more
Fintech Power 50 Launches Second Edition of Industry Guide
- 5 years 6 months ago
- Financial
Industry guide, the Fintech Power 50 has launched the 2020 edition of its exclusive annual programme, shining a spotlight on those who are transforming financial services for the better. Showcasing 40 trailblazing companies and 10 of the most trusted industry leaders across the Fintech ecosystem, the guide includes the likes of Jumio, Form3, Galileo, Funding Options, Currency Cloud, Modulr, Tide, and Oak North. Following an extensive nomination... more
Finastra joins World Economic Forum
- 5 years 6 months ago
- Financial
Finastra today announced that it has joined the World Economic Forum. The move will see the company collaborating with industry leaders and policy-makers to drive change across financial services, world trade and beyond, to help build a better, sustainable future.
Onfido and b-sharpe announced a partnership for faster customer oboarding
- 5 years 6 months ago
- Digital Identity, Financial
Onfido announced a partnership with b-sharpe, a leading Swiss company in online currency exchange, to provide a better sign up experience to its users when verifying identities on their platform. Onfido’s AI-powered identity verification technology allows b-sharpe to drastically accelerate its customer onboarding while remaining financially compliant.
Avaloq recognized as a Leader in wealth management solutions in the 2019 NelsonHall NEAT report
- 5 years 6 months ago
- Financial
Global fintech Avaloq has again been recognized as a Leader in the 2019 NelsonHall NEAT vendor evaluation for Wealth & Asset Management Services, one of the most comprehensive such assessments globally. This is the second major award given to Avaloq in the past few months for its wealth management capabilities. In September it was named Overall Winner in the 2019 XCelent European Wealth Management Technology Vendors report - Europe’s most... more
Finantix Continues Global Expansion with Office Opening in Sydney, Australia
- 5 years 6 months ago
- Financial
Finantix, the leading global provider of trusted technology to the wealth management, insurance and banking industries, is pleased to announce the opening of its new office in Australia to further support its expansion in the Asia-Pacific region.
Discover and PayPal™ Collaboration Gives Cardmembers New Way to Redeem Rewards
Discover cardmembers can now use their Cashback Bonus® or Miles to pay for purchases at millions of online stores through PayPal, giving cardmembers another convenient and flexible way to reward themselves.
United Arab Bank chooses Finastra to power digital transformation
Finastra announced today, during Finastra Universe Dubai, that it has signed a transformative deal with United Arab Bank, a UAE-based bank that offers services to retail and corporate customers.
Singapore-based EDBI named as Pico investor and strategic partner
- 5 years 6 months ago
- Investment, Financial
Pico, a leading provider of technology-as-a-service for the financial markets community globally, today announced that EDBI, a global Asian-based Investor, is now a Pico investor and strategic partner.
NIUM launches digital cross-border payments platform in Indonesia
Consolidating its strong position in the digital cross-border payments space in Southeast Asia, the recently-rebranded NIUM (formerly, InstaReM) has received the Fund Transfers license from the Bank Indonesia. With NIUM’s innovative payments platform, retail consumers, Small & Medium Enterprises (SMEs), Financial Institutions and the other payment service providers in Indonesia can look forward to a seamless digital experience while moving... more
