Sanctions Against Russia Mean Screening is More Vital Than Ever
- 3 years 11 months ago
- AML and KYC
Businesses should take action to review their due diligence and sanctions screening procedures to avoid falling foul of extensive new sanctions against Russia, according to an anti-money laundering expert. The sanctions include restrictions against individuals, entities, and their subsidiaries, and the introduction of legislation to limit deposits held by Russian nationals in UK bank accounts to £50,000.
Coinbase’s Quarterly Volatility Highlights Rationale for Diversification
- 3 years 11 months ago
- Cryptocurrencies
Crypto exchange giant Coinbase finished 2021 with a strong Q4 performance across its user-related metrics.
Capital Bank of Jordan launches Blink neobank using Codebase Technologies DigibancTM platform.
- 3 years 11 months ago
- Digital banking, Banking
Capital Bank of Jordan partnered with Codebase Technologies to build Blink, the first digital-only neobank in Jordan. The project officially commenced in late 2021 and in February 2022, Blink went live for Jordanian customers.
Payhawk Becomes First Ever Bulgarian Unicorn After Raising $100m in a Round Led by Lightspeed Venture Partners, Valuing the Company at $1bn
- 3 years 11 months ago
- Payments
● The additional funding extends Payhawk’s Series B round to $215m. This comes only three months after the first wave of Payhawk’s Series B, which was the second largest Series B for a B2B company in Central and Eastern Europe ● The company has raised an additional $100m in a round led by Lightspeed Venture Partners at a valuation of $1bn. As a result, Payhawk becomes the first ever Bulgarian unicorn
Best Is Yet to Come - 61% in Financial Services Organizations Use, or Plan to Use, Artificial Intelligence, but 31% Still Waiting for Return on Investment
- 3 years 11 months ago
- Artificial Intelligence, Data, Data Management
Report highlights how AI is used today and its future integration into the business strategies of financial services organizations
TSB Partners with Farewill to Offer Customers Simple and Affordable Wills and Probate Services
- 3 years 11 months ago
- Banking
Three in five (over 30 million) UK adults do not currently have a will TSB partners with Farewill to empower customers to take control of their finances and protect their loved ones Customers will be able to write a will in as little as 15 minutes and at a 10 percent discounted rate - half the cost of traditional providers
Equity Investment in Smaller Businesses Doubled in 2021, Finds Latest British Business Bank Research
- 3 years 11 months ago
- Investment, Banking
̶ Equity investment in smaller businesses surged 130% to £14bn in the first three quarters of 2021 relative to the same period in 2020 (£6.1bn) and on course to double compared to 2020[1] ̶ Bank lending returned to close to pre-pandemic levels, with 2021 lending down 45% from 2020
Banking Competition Remedies Ltd (BCR) publishes progress updates
- 3 years 11 months ago
- Banking
Pool A, B, C, D & F Capability and Innovation Fund recipients provide quarterly updates on Public Commitments Incentivised Switching Scheme residual funds recipients provide final progress updates on Public Commitments Progress updates for Pool A, B, C, D & F recipients
payabl. partners with Know Your Customer for Seamless Merchant Onboarding Across Europe
- 3 years 11 months ago
- Payments, AML and KYC
Today payabl. the international merchant acquirer that enables businesses to take payments easily, reliably and securely, announces it is joining forces with RegTech provider Know Your Customer, to offer fully digital, secure and seamless onboarding to merchants worldwide.
Equiti Group appoints Deliveroo’s former Head of People Marta Ilbak as Global Head of Human Resources
- 3 years 11 months ago
- People Moves
Equiti Group has announced the appointment of Marta Ilbak as Global Head of Human Resources.
Oliver Wyman and GFT to Build New Islamic Digital Bank in Malaysia
- 3 years 11 months ago
- Digital banking, Cloud
Innovative banking concept in Malaysia: An Islamic cloud-based digital bank with modern technology Leverages GFT BankLiteX accelerator built on Thought Machine core banking technology and running on Amazon Web Services (AWS) The digital revolution has taken a quantum leap throughout the global financial services industry over the last decade. In Asia-Pacific alone, there have been over 20 new digital bank licenses issued with more to come in...
Ignition Advice appoints new Chief Operations Officer for Europe
- 3 years 11 months ago
- People Moves
Ignition Advice, the global provider of advice technology, has appointed Will Drew as its new Chief Operations Officer for Europe.
Comment / UK Visa Concessions for Ukrainians: Zopa Bank to Immediately Sponsor 50 Work Visas Following New Home Office Guidance, Calls on Wider UK Fintech Community to Extend Support
- 3 years 11 months ago
- Banking
We have been observing with growing alarm and concern the unfolding of a fully-fledged armed conflict in Ukraine.
IDT Corporation to Report Second Quarter Fiscal Year 2022 Results
- 3 years 11 months ago
- Cloud
IDT Corporation, a global provider of fintech, cloud communications, and traditional communications services, has scheduled its report of financial and operational results for the second quarter of its 2022 fiscal year (the three months ended January 31st) on Monday, March 7, 2022.
Shawbrook Hires Arthur Leung As Chief Product Officer
- 3 years 11 months ago
- People Moves
Shawbrook has today appointed Arthur Leung in the newly created role of Chief Product Officer, reporting into the Bank’s CEO Marcelino Castrillo. The appointment follows a number of recent announcements on the Bank’s investment in technology and talent including plans to create 100 new digital vacancies by the end of 2022.
