Dubai Bodies Team on Islamic FinTech Initiatives
- 7 years 10 months ago
- Infrastructure
Dubai International Financial Centre (DIFC), the leading financial hub in the $7.4 trillion Middle East, Africa and South Asia (MEASA) region, signed a Memorandum of Understanding (MoU) with Dubai Islamic Economy Development Centre (DIEDC), as part of its commitment to Islamic finance under the DIFC 2024 Strategy and in line with the vision of ‘Dubai: The Capital of Islamic Economy’.
Quark Acquired by Parallax Capital Partners to Support Accelerated Growth
- 7 years 10 months ago
- Infrastructure
Quark Software Inc. announced today that it has been acquired by Parallax Capital Partners, LLC (Parallax), a Southern California-based software-focused private equity firm. The new owners intend to help Quark accelerate the adoption of its transformational content automation solutions through investment in organic growth and acquisitions.
High Street Banks Face Growing Threat from Technology Giants, Warns New Study
- 7 years 10 months ago
- Infrastructure
GAFA (Google, Apple, Facebook and Amazon) companies could pose a significantly greater threat to traditional retail banks than existing ‘challenger’ banks and fintech start-ups, according to new research1. In a study of retail bank IT leaders and consumers, undertaken by Peru Consulting, the majority (57%) of IT leaders believe it’s likely that GAFA companies will enter the UK retail banking sector within the next five years.
FinancialForce Is Named To Second Annual Forbes 2017 Cloud 100 List
- 7 years 10 months ago
- Infrastructure
FinancialForce, the leading cloud ERP for the new services economy, is named to the
Santander InnoVentures Adds Two New UK and One US Fintech Businesses to Its Portfolio
- 7 years 10 months ago
- Infrastructure
Santander InnoVentures, the fintech venture capital fund of Santander Group, today announces it has added UK based Pixoneye and Curve and US based Gridspace to its portfolio in the latest round of strategic fintech investments. Pixoneye and Gridspace deepen the fund’s focus in artificial intelligence as one of the technologies that will transform banking in the years to come and complement other investments such as Elliptic and Socure. The news... more
Santander and Tradeshift Partner to Improve Speed and Simplicity in Supply Chain Finance
- 7 years 10 months ago
- Infrastructure
Santander has announced a global partnership with Tradeshift, the largest business commerce platform in the world, to deliver the next generation of end-to-end digitally enabled working capital solution, the first of which will be supply chain finance (SCF).
Intesa Sanpaolo Group Partners with Fintech Lender iwoca to Drive Innovation in SME Lending
- 7 years 10 months ago
- Infrastructure
iwoca, one of Europe’s fastest growing SME lenders, and Italy’s Intesa Sanpaolo, are partnering to provide Intesa’s SME clients with innovative credit products to bridge the funding gap and support growth in this key section of the economy.
Envonet Simplifies Searches for Corporate Environmental Financial Disclosures
- 7 years 10 months ago
- Infrastructure
EnvonetTM has launched a free online web portal to allow easy comparison of corporate environmental financial disclosures. Envonet is a global tool that enables users to quickly access environmental and climate-related financial disclosures that are often buried deep within lengthy financial filings. Equally important, Envonet reveals where corporations have omitted information relevant to investors.
Google Taps Koios as its Only Northern Tech Buddy
- 7 years 10 months ago
- Infrastructure
A technology firm in the north of England has become one of only seven companies in the whole of the United Kingdom to officially partner with Google as a Google Cloud partner. Koios, a Newcastle based technology company, passed a series of rigorous tests to complete the Google Partnership and is now the only Google Partner in the whole of the North East region for cloud services and consultancy. GCP is Google's industry leading cloud... more
Sino Fortune Holding Corp. Launches Entrusted Loan Services
- 7 years 10 months ago
- Infrastructure
Sino Fortune Holding Corporation ("Sino Fortune" or the "Company"), a leading online financial credit facility solution provider servicing SMEs and individual borrowers in China, today announced the launch of entrusted loan services (the "Services") to the vastly underserved SME and individual borrowers in China. The Company has engaged Qingdao Weichuang Private Capital Management Co., Ltd. as the trustee (the "Trustee") at launch of the... more
BNI Europa Unveils instant Consumer Credit System
- 7 years 10 months ago
- Infrastructure
Following its strategy of continuous innovation, BNI Europa has just launched “Puzzle” a Fintech focused on consumer credit.
NSD and VTB Registrar Extend E-voting Capabilities
- 7 years 10 months ago
- Infrastructure
National Settlement Depository (NSD), Russia’s central securities depository, and VTB Registrar have signed a cooperation agreement. The parties concluded an agreement to popularize e-voting as an efficient way to ensure that shareholders exercise their rights (to manage and oversee corporations) and participate in general meetings of shareholders. As part of the agreement, the parties agreed to study the possibility of simultaneously using the... more
NEX Optimisation Reveals Automated Credit Rebalancing Tool
- 7 years 10 months ago
- Infrastructure
NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announces today that it has launched an automated credit rebalancing tool that specifically addresses limit over-allocation by prime brokers.
Diebold Nixdorf Adjusts 2017 Financial Forecasts Downwards
- 7 years 10 months ago
- Infrastructure
Diebold Nixdorf, Incorporated today announced it is adjusting its full-year financial outlook for 2017.
Survey: 62% of British SMEs Voted to Remain in the EU. 41% Said Brexit has Negatively Impacted their Business
- 7 years 10 months ago
- Infrastructure
Product sourcing’ and ‘bottom line’ have been negatively impacted the most since the drop in the pound, say SMEs 41% of over 500 SMEs surveyed said the triggering of Article 50 has had a negative impact on their business 65% said leaving the EU will not affect their ability to hire staff Product sourcing and bottom line have taken the biggest hit since the vote to leave, according to SME owners
