Avaloq appoints New Head of Asia; announces its 2019 Community Conference in Singapore
- 5 years 10 months ago
- Digital Identity, Financial
Avaloq, the global fintech leader, has appointed Imad Abou Haidar as the firm’s new Head of Asia. Imad joins from London-headquartered software firm Finastra, where he was Managing Director for the Asia-Pacific region based in Singapore. The appointment coincides with Avaloq releasing details of its 2019 Singapore Community Conference to be held on 5 September at The Westin Hotel.
Esme Loans reaches £70 million of lending to UK SMEs
- 5 years 10 months ago
- Financial
Esme Loans, the standalone digital lending platform for SMEs and scale up businesses, has today announced that it has now lent over £70million to UK businesses. The lender has seen a sustained period of rapid growth in lending to small businesses, with the most recent milestone representing over £20m of lending in the space of four months, an increase of 40% in the lender’s total loan book. At its current trajectory, the provider will have... more
Most financial services firms ‘not prepared’ for digital transformation, research suggests
- 5 years 10 months ago
- Financial
Tens of thousands of financial services businesses are avoiding upgrading their digital systems because they don’t deem digital transformation to be important, research suggests. Six in 10 (62%) business leaders believe there are other priorities over the next 12 months, according to a nationwide survey of managers and C-suite executives. Alarmingly, nine in 10 (92%) business leaders said they were not well-equipped or prepared for digital... more
Poll reveals low confidence in month-end close process
- 5 years 10 months ago
- Management, Financial
Almost three-quarters *(73%) of respondents to an MHR Analytics Twitter poll revealed they are not confident about their data and numbers on month-end closes and audit submissions. The findings from the survey of 1,000 respondents underline the increasing pressures facing finance teams. A separate **survey showed the new IFRS 16 lease accounting legislation to be taking its toll, with 30% of respondents calling it ‘complex,’ 17% ‘resource heavy... more
Micron Unveils Industry’s Highest-Capacity Monolithic Memory for Mobile Applications
Micron Technology, Inc. (Nasdaq: MU), today unveiled the industry’s highest-capacity monolithic 16Gb low-power double data rate 4X (LPDDR4X) DRAM. Capable of delivering up to 16GB1 of low-power DRAM (LPDRAM) in a single smartphone, Micron’s 16Gb LPDDR4X extends the company’s leadership in memory capacity and performance for current and next-generation mobile devices.
Abacus Group Named to Inc. Magazine’s Annual List of America’s Fastest-Growing Private Companies—the 2019 Inc. 5000
Inc. magazine today revealed that Abacus Group, a leading provider of hosted IT solutions and services for alternative investment firms, has been named to the 2019 Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.
MAS Issues New Rules to Strengthen Cyber Resilience of Financial Industry
- 5 years 11 months ago
- Security and Compliance, Security, Financial
The Monetary Authority of Singapore (MAS) today issued a set of legally binding requirements to raise the cyber security standards and strengthen cyber resilience of the financial sector. The Notice on Cyber Hygiene sets out the measures that financial institutions must take to mitigate the growing risk of cyber threats. The Notice will make compulsory key elements in the existing MAS Technology Risk Management (TRM) Guidelines. Specifically, it... more
Fintech financing is in the highest demand in urban areas in Asia
Residents of urban areas fall back upon fintech services providing personal financing far more often than in less urbanized regions. These are the findings on the regional use of online financing in the Philippines, Indonesia, Vietnam and India mapped by the analysts of the financial holding Robocash Group.
Sterling fall could lead to surge in Chinese citizens buying British goods/visiting the UK -spending power could increase by 22%
- 5 years 11 months ago
- Digital Identity, Financial
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.
Joint SWIFT and BCG report finds growing momentum for API technology as firms seek more efficiency and new service offerings
- 5 years 11 months ago
- Security and Compliance, Security, Financial
The securities servicing industry may be near a tipping point in adopting Application Program Interfaces, or APIs, as firms pursue improved efficiency and new business models. A new report published today by SWIFT and the Boston Consulting Group found that API interest is rapidly growing in the post-trade area. Over the course of 2018 alone, awareness of APIs among asset managers increased 26 percentage points to 72%, according to a BCG survey.... more
Enova Reports Second Quarter 2019 Results
- 5 years 11 months ago
- Platform Technology, Financial
Enova International, a leading financial technology and analytics company offering consumer and small business loans and financing, today announced financial results for the quarter ended June 30, 2019.
Path Solutions won first place in a record-breaking four categories of ACQ5 Global Awards
- 5 years 11 months ago
- Islamic Finance, Financial
Path Solutions, a global provider of Sharia-compliant banking software solutions and services, has won four categories in the 2019 ACQ5 Global Awards. Building on last year’s three-win, the company topped the Core Banking, Digital Banking, Sharia-compliant Microfinance, and GameChanger of the Year - Islamic Finance categories in this year’s rankings.
Wirecard Transforms Shopping Experience with Unique Smart Mirror
- 5 years 11 months ago
- Digital Identity, Financial
Wirecard Labs prototype is the first mirror to integrate ordering and payment options
Fusang Announces Strategic Partnerships to Help Build the Future of Digital Financial Infrastructure
- 5 years 11 months ago
- Asset Management, Financial
Fusang Group is pleased to announce that it is working with two firms from across the digital asset industry as it continues to build the future of financial infrastructure. Both its new partners will contribute to a growing tokenisation ecosystem around Fusang Exchange that enables high-quality assets, companies and projects to raise capital. The two partnerships will contribute different aspects to the ecosystem: • Point95 Global will offer... more
Finleap Tackles the French Market and Announces the Recruitment of its Managing Director
- 5 years 12 months ago
- Management, Banking, Financial
Finleap, the largest fintech ecosystem in Europe, supported by leading investors such as Ping An (via its "Voyageur Fund"), continues its international expansion and launches its activities in France . Nicolas Montes-Edwards will head Finleap France, based in Paris. This announcement is a logical continuation of the company's European development.
