Surecomp Inaugurates SureLab Innovation Center
- 5 years 7 months ago
- Trade Finance
Surecomp, the global trade finance fintech leader, announced today the inauguration of SureLab, Surecomp’s newly established innovation lab. SureLab was established to centralize Surecomp’s digitization initiatives thereby enabling Surecomp to maintain its position at the forefront of trade finance innovations. SureLab aims to introduce new technologies to the digital trade finance arena.
UK Fintech Kantox Closes €5 million Venture Debt Financing Agreement with Silicon Valley Bank
- 5 years 7 months ago
- Foreign Exchange
Kantox, a leader in FX management solutions for businesses, has just closed its second venture debt financing deal with Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses, enterprises and their investors. The €5 million loan package is the second deal agreed between Kantox and SVB, with the first announced in December 2017. The new financing agreement underscores the appeal of Kantox’s growth story and SVB’s track... more
BNY Mellon Global Survey shows that technology and regulatory revision help to reduce the trade finance gap
- 5 years 7 months ago
- Trade Finance
BNY Mellon released its "Overcoming the Trade Finance Gap: Root Causes and Remedies" report, which finds that the trade finance gap remains a significant issue for global trade, according to 100 global, regional, and domestic banks, specialist trade providers and other market participants responding to its survey.
Mobile application Exscudo Channels adds SEPA/SWIFT support to allow transactions from bank accounts to the app
- 5 years 7 months ago
- Transaction Banking, Payments
We are excited to announce that SWIFT and SEPA withdrawals and deposits have already been implemented and fully functional in the Exscudo Channels App. The function is available worldwide with the exception of the US and select countries. Thanks to the SEPA and SWIFT support our customers are able to top up their Channels balance by making a bank transfer in Euro, USD or any other fiat currency.
A step ahead of the rest: Hand Dyed Shoe Company claims crown in Klarna’s ‘Smoooth Stores’ competition
- 5 years 7 months ago
- E-Commerce, Transaction Banking, Payments
With entries received from all over the UK, a visit from Hugo Taylor and a competitive voting period which saw over 5,000 votes cast by the public, The Hand Dyed Shoe Co. was crowned the winner of Klarna’s ‘Smoooth Stores’ initiative at last night’s star-studded awards.
UTP Merchant Services expands Hastings branch creating 50 new jobs
- 5 years 7 months ago
- Transaction Banking, Payments
UTP Merchant Services, a leading credit and debit card payment solutions specialist, has expanded its Hastings branch creating fifty new jobs in the area in order to support business growth. Supported by Locate East Sussex and backed by a 'Growth Capital Funding’ grant from East Sussex Council, the expansion will see UTP Merchant Services recruit 50 new telesales staff, to be based on another floor of their current Ocean House branch in St.... more
Vayana Network enables Rs.15000+ Crores in Trade Financing
- 5 years 7 months ago
- Trade Finance
Vayana Network, India’s largest 3rd party Short-Term Trade Finance (STTF) platform, announced that it has facilitated over Rs.15000 crores in trade finance. Vayana’s digital Network enables businesses and their trade partners get easy, convenient and fair-priced access to financing from Financial Institutions (FIs), such as Banks and NBFCs.
Temenos Releases 2019 State of Digital Sales in Banking Report
- 5 years 7 months ago
- Transaction Banking, Banking
Temenos (SIX: TEMN), the banking software company, today unveiled the findings of its 2019 Digital Sales in Banking Report. The report, now in its fourth year, compares the digital account opening capabilities of 60 large and representative mid-size banks in North America, Europe and Australia, measuring both the breadth of offerings and the quality of the customer journey. Banks arriving at the digital promised land
Crealogix Research: Consumers ‘zoned out’ from almost 61 million UK bank accounts
- 5 years 7 months ago
- Transaction Banking, Banking
More than half of all UK consumers have at least one bank account they no longer use, but have not yet closed. The research, commissioned by CREALOGIX, found that banking customers are also increasingly opening new accounts with challenger banks because they offer personalised features that consumers are looking for.
Fourteen Banks and Financial Institutions Launch Drive to Develop Multi-trillion Dollar Trade as an Asset Class
- 5 years 7 months ago
- Trade Finance, Banking
Fourteen leading global financial institutions have launched a drive to use technology and standardisation for the wider distribution of trade finance assets. ANZ, Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation are among the banks backing the Trade Finance Distribution Initiative (TFD Initiative).
Daniel Clayden joins BEQUANT as Head of Product Development
- 5 years 8 months ago
- Foreign Exchange
BEQUANT, the leading cryptocurrency exchange, announced today that it has hired Daniel Clayden as its new Head of Product Development. With 25 years’ experience in Capital Markets and Financial Services Technology, Daniel’s appointment will strengthen the company’s growing roster of products in the cryptocurrency market. Daniel has previously held roles at a number of Tier 1 Investment Banks, including J.P. Morgan and Credit Suisse. Before... more
CoinEx plans to build a public chain for its decentralized exchange
- 5 years 8 months ago
- Foreign Exchange
CoinEx is about to build a public chain CoinEx Chain for decentralized trading. The website was launched on March 22 and a CoinEx Chain-based decentralized trading platform CoinEx DEX will be online expected in Q4 this year.
Cobalt strengthens team as it moves ahead to re-engineer the FX market
- 5 years 8 months ago
- Foreign Exchange
Cobalt, the foreign exchange (FX) infrastructure based on shared ledger and high performance technology, has hired five experienced professionals to lead its drive to re-engineer the FX market. Post-trade FX is currently riddled with complex legacy systems and manual processes, creating unnecessary cost and risk across the market. The new hires bring a wealth of FX experience to the company and will play an important role in the rollout of... more
Onguard continues to invest in UK growth strategy with latest appointment
- 5 years 8 months ago
- Cash management, IT Innovations
Onguard, the FinTech company that offers a platform which streamlines the entire order-to-cash process, has announced the appointment of Colin Sanders as senior business executive as it continues to invest in its UK growth strategy. Colin’s appointment comes after a successful year at Onguard which saw record sales which has continued into 2019. Thanks to this continued success, investing back into the company is high on Onguard’s agenda for... more
Gender bias in money transfers mean migrant women in the UK pay more than men to send money abroad
- 5 years 8 months ago
- Transaction Banking, Infrastructure
Fintech InstaReM, has revealed that migrant women in the UK, despite being the primary source of care for their families ‘back home’, pay up to 20% more than men to transfer money abroad. UK Migrant women are disproportionately employed in low income work, and often paid weekly, transfering money ‘little and often’ thereby incurring greater fees.
