Sell-side Systems in Need of Upgrade for New Risk Reality
- 4 years 2 months ago
- Risk Management
Sell-side risk management is in need of an overhaul that consolidates systems and incorporates the increased importance of margin into risk calculations. That is the central finding from a recent Acuiti study, conducted in partnership with Sterling Trading Tech. In a survey of 55 banks and broker-dealers across the world, the study shows that fragmented legacy risk systems are hampering firms’ ability to respond to increased volatility across...
Plaid Launches Variable Recurring Payments as it Finds £1.5 Billion Savings Opportunity for UK Business
- 4 years 2 months ago
- Open Banking
Plaid, an open banking network and payments platform powering digital finance, has found that UK businesses could save over £1.5 billion annually in payment processing fees with the help of a new form of open banki
2022 First China UK Green Finance Development Forum Successfully Held Online
- 4 years 2 months ago
- Infrastructure
On July 15, the 2022 China UK Green Finance Development Forum, jointly hosted by the International Institute of Green Finance (IIGF) of the Central University of Finance and Economics and the Chartered Institute for Securities & Investment (CISI), was successfully held online.
CRIF Expands Open Banking-powered Consumer Credit Scoring to the UK, Enabling Lenders to Better Understand Consumer and Business Customers
- 4 years 2 months ago
- Open Banking
Europe’s leading provider of credit information, CRIF, has expanded its open banking-powered consumer credit solution to the UK, helping more people access affordable, responsible credit during the current economic climate.
Over Half of Global Business Leaders Believe Investing in AI will Give Them a Competitive Advantage
- 4 years 2 months ago
- Artificial Intelligence
SambaNova Systems, the company delivering the industry’s only comprehensive software, hardware, and solutions platform to run AI and Deep Learning applications, today announced the results of its global research on AI adoption within enterprise organizations. It found that business leaders are increasingly deploying AI and progress could be further accelerated by moving beyond a fragmented proliferation of small models.
Pidgin Selected to Demo its Real-Time Payments Platform at FinovateFall
- 4 years 2 months ago
- Payments
Pidgin, a secure real-time payments platform built for the future of payments, has been selected to demo at FinovateFall this year, which takes place September 12-14 in New York City.
Mastercard Names Ellen Jackowski Chief Sustainability Officer
- 4 years 2 months ago
- People Moves
Mastercard today announced Ellen Jackowski will join the company as Chief Sustainability Officer starting July 25, 2022. In this role, she will be instrumental in further integrating Mastercard’s Environmental, Social and Governance (ESG) strategy into the organization.
Al Sanam Islamic Bank Selects ICS BANKS Islamic Banking Solution from ICSFS
- 4 years 2 months ago
- Islamic Finance
Al Sanam Islamic bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.
Shares Raises $40 Million for its Social Investment App
- 4 years 2 months ago
- Fundraising News
London-based social and community-based investing app Shares is eying European expansion and a move into crypto after raising $40 million in a Series B funding round led by Valar Ventures. The round, which brings Shares' total funding to $90 million in a little over a year, comes two months after the app launched in the UK.
Revolut UK Regulatory and Risk Bosses Quit as Fintech Giant Awaits UK Banking Licence Decision
- 4 years 2 months ago
- People Moves
Revolut has been struck by the exit of several key executives, including its UK regulatory and risk bosses, amid uneasy relations with the UK regulator as the neobank looks to speed up a decision on its UK banking licence.
New Risk Decisioning-as-a-service Platform from EXL, Oliver Wyman and Corridor Platforms
- 4 years 2 months ago
- Risk Management
EXL, a leading data analytics and digital operations and solutions, Corridor Platforms, a leading decision workflow automation platform, and Oliver Wyman, a premier global management consultancy, have announced a joint venture to develop a risk decisioning-as-a-service solution for financial institutions.
CellPoint Digital and Chargebacks911 Partner to Provide Merchants with End-to-end Solution for Optimising Payments Revenue
- 4 years 2 months ago
- Payments
CellPoint Digital, the global leader in payments orchestration, today announces a new partnership with Chargebacks911, a move that promises to provide best-in-class chargeback prevention, management and resolution to its clients.
Top Cryptocurrency Exchange Bybit Launches Unified Margin Account
- 4 years 2 months ago
- Cryptocurrencies
Bybit, the third most visited cryptocurrency exchange in the world, launched its unified margin account for eligible users on July 25, 2022, with a full release to be expected in the near future. Bybit's unified margin account offers a completely new derivatives trading structure. Users can use all assets under their account as collateral to trade USDT perpetual, USDC perpetual, and USDC options contracts.
Further and Yoti Partner to Power the Next Generation of Financial Products
- 4 years 2 months ago
- Digital Identity
Investment platform Further has today announced a new partnership with digital identity provider Yoti, which will streamline the customer onboarding process, making it faster and easier for people to invest in their chosen funds. Under Financial Conduct Authority (FCA) rules, Further is required to provide appropriate identity evidence for investors when transactions take place. This is to prove that all investors seeking to invest in a fund...
