UK Expects to be Nearly Cashless by 2024 as Use of Digital Payments Accelerates, New Worldpay From FIS Report Finds
The use of cash in the UK has significantly reduced, with the COVID-19 pandemic fueling a shift in consumer payment preferences, according to a new report recently released by financial technology leader FIS® (NYSE: FIS).
NFU Mutual Selects Invest|Pro from Financial Risk Solutions to Support Investment Administration of its Life Insurance Business
- 3 years 11 months ago
- Investment, Financial, Technical, Insurance
Financial Risk Solutions (FRS), a leading provider of investment administration software to life and pensions companies worldwide, today announced NFU Mutual has selected Invest|ProTM to support the investment administration of its GBP 6 billion unitised life insurance business.
CFPB Takes Action Against Company and its CEO for Deceptive Deposit and Loan Products
- 3 years 11 months ago
- Financial
The Consumer Financial Protection Bureau (CFPB) today filed a proposed settlement against Driver Loan, LLC, and its CEO, Angelo Jose Sarjeant. If entered by the court, the settlement would require the defendants to refund about $1 million in deposits to harmed consumers, stop deceptive practices, and pay a civil penalty. The CFPB alleges that Driver Loan and Sarjeant violated federal law by misrepresenting the risks associated with their deposit... more
iBanFirst Teams up with Global Investment Firm Marlin Equity Partners to Finance Organic Growth and M&A Initiatives
Financial services provider iBanFirst, which delivers solutions across banking borders, has announced the completion of a growth equity investment to fund product development, international expansion and M&A. Global private equity firm Marlin will become the fintech’s largest shareholder, replacing existing business angels and some of the company’s early backers. Through the transaction, a number of iBanFirst’s historic partners, including... more
Information Hub Launched to Track Adviser Software Offerings
- 3 years 11 months ago
- Management, Wealth Management, Financial, Technical
FTRC has today launched a dedicated information hub on AdviserSoftware.com – the ultimate destination for financial advisers, wealth managers, and mortgage brokers – providing advisers with a one-stop shop of everything they need to know about the technology available to them to better run their businesses.
Macrosynergy First to Use Macrobond Web API Data Feed
Macrobond Web API gives economists, analysts and strategists instant access to more than 245 million macroeconomic and financial time-series data globally – in real-time and on-demand
Fitch Learning Examines The Growth of Data Science in Financial Services Apprenticeships
- 3 years 11 months ago
- Platform Technology, Financial
Recent research has shown that the UK has a chronic shortage of data talent, which is costing organisations more than £2 billion a year. The demand for data scientists has also tripled over the past five years, rising 231%.
PayNearby Ties Up with Centrum Microcredit to Facilitate Unsecured Business Loans to Retailers
- 3 years 11 months ago
- Payments, Banking, Financial, Non-Financials
As part of its Shop Owners Benefit Program, PayNearby, India’s leading branchless banking and digital payments network, has tied up with Centrum Microcredit Limited, the micro finance arm of the Centrum Group, to facilitate unsecured business loans to its retail partners. As part of the tie-up, loan requirements will be sourced through PayNearby’s vast network of retailers and will be disbursed by Centrum Microcredit Limited.
Uncapped Raises $80m to Move Beyond Lending and Offer Wider Banking Services Tailored to Digital Entrepreneurs
Uncapped, a London-based startup changing the way online companies fund their growth and inventory costs, has today raised $80 million of debt and equity in a new funding round that will enable the company to move beyond lending by launching a suite of new banking services tailored to the needs of digital entrepreneurs.
Workday Named a Leader in Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises
Workday, a leader in enterprise cloud applications for finance and human resources, today announced it has been positioned by Gartner, In
The Customer Experience in Insurance has “Stood Still” for Five Years
FintechOS, the global technology provider for banks, insurance and financial services companies, today revealed new research that shows 73% of UK consumers believe the customer experience (CX) in insurance has “stood still” for five years. After better financial terms, consumers will switch insurers in pursuit of a better customer experience, especially Gen Z (18-24 years old) and Millennial (25-39 years old) generations. The data comes from a... more
VIALET selects Tribe Payments for issuer and acquirer processing
Payment technology company Tribe Payments, today announced it has been selected by VIALET, an alternative financial solutions provider, to provide both issuer and acquirer processing services.
Finzly Releases Digital Core in its Award-Winning BankOS™ Platform
Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital account opening, announced the addition of new digital deposit core capabilities to its BankOSTM platform, notably an Infinity AccountTM functionality powered by a multi-asset, real-time general ledger that enables financial institutions to offer customizable digital accounts so customers can track virtually any asset including... more
MonetaGo Singapore Expands Leadership Team
- 3 years 12 months ago
- Trading Systems, Financial, People Moves
MonetaGo, the fintech pioneering digital fraud prevention solutions, has hired Sunil Senapati as its Head of Business Development. Sunil will be based out of MonetaGo’s Singapore office beginning Monday, May 17th and will support the firm’s award-winning technology and growing presence across the country and APAC.
Spectrum Markets Introduce Customised Stop Orders
- 3 years 12 months ago
- Security, IT Innovations, Financial
Spectrum Markets, the pan-European trading venue for securitized derivatives, has introduced a Stop Order functionality with customised features.
