Crealogix Research: Consumers ‘zoned out’ from almost 61 million UK bank accounts
- 6 years 11 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
- 6 years 11 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
- 6 years 11 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
- 6 years 11 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
- 6 years 11 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
- 6 years 11 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
- 6 years 12 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.
CBA accelerates digitisation and robotisation of Trade Finance operations with new IBAS Releases
- 7 years 6 days ago
- Trade Finance
Norwegian software vendor Commercial Banking Applications (CBA), today announced that the latest release of its IBAS GTF – Global Trade Finance Factory – went live at all CBA’s user banks in November 2018, in full compliance with SWIFT Release 2018. Release 10.23 of IBAS GTF incorporates all changes mandated by SWIFT to its Messages for the handling of Documentary Credits. The new IBAS Release enables a high-level of automation, digitisation... more
Surecomp Announces Its Trade Finance App Store, SureStore
- 7 years 1 week ago
- Trade Finance
Surecomp®, the global trade finance fintech leader, announced today the launch of SureStore, an industry first app store offering best-in-class applications for banks and corporates trade finance departments. Today's announcement comes on the heels of Surecomp’s successful roll-out of APIsure, its open API platform that enables the rapid adoption of these new products and services.
Citi Launches Digital Onboarding for Institutional Clients through CitiDirect BE
- 7 years 1 week ago
- Transaction Banking, Investment Management, Treasury
Citi’s Treasury and Trade Solutions (TTS) has launched CitiDirect BE® Digital Onboarding setting new standards of excellence for client experience. The new digital account opening experience for institutional clients is now available in North America and across six countries in Western Europe. This ground-breaking solution will be rolled out across the rest of EMEA, Asia Pacific and Latin America in the coming quarters.
Tradeteq partners with World of Open Account for “receivables as an investment class” Learning Lab
- 7 years 3 weeks ago
- Artificial Intelligence, Trade Finance
Tradeteq, the innovative AI-driven trade finance investment platform, has partnered with World of Open Account (WOA) to become Chair Partner of their “receivables as an investment class – funding and capital” Learning Lab. WOA’s Learning Labs gather members of the WOA community to provide insight and knowledge into four areas of strategic importance to the open account ecosystem: People and Talent; Risk and Regulation; Products and Markets;... more
One Step Closer to Making Global Payments Frictionless With ONPEX’ Automated FX Capabilities
- 7 years 4 weeks ago
- Foreign Exchange
Building on its successful multi-currency IBAN account offering, ONPEX will be launching its new automated foreign exchange (FX) capability in March 2019.
Wirecard and P.F.C. to launch the next generation of digital banking services in Sweden
- 7 years 1 month ago
- Transaction Banking, Banking
Wirecard, the global innovation leader in digital financial technology, together with the Swedish FinTech P.F.C. - Personal Finance Co., formerly Betalo, have introduced a new digital banking proposition aimed at hundreds of thousands of Swedish consumers. The cooperation between Wirecard and P.F.C., which was founded in May 2012 and belonged to the 50 fastest-growing Swedish technology companies in 2017, has enabled P.F.C to launch Sweden’s... more
North American banks need to prepare for digital change, according to report released by Temenos
- 7 years 1 month ago
- Transaction Banking, Banking
Changing customer behaviors and demands should be fueling change in the service and products retail banks are offering, according to an in-depth study released today by Temenos (SIX: TEMN), the banking software company.
TransLink.iQ awarded the gold medal as Product of the Year’2018
- 7 years 2 months ago
- Transaction Banking, Payments
The software solution for transaction routing and management of payment terminals network TransLink.iQ, developed by ASHBURN International, which is part of the Penki Kontinentai Group, received the gold medal of the annual Product of the Year competition.
