Hoist Finance and FICO Win Award for Digital Collections Programme in Germany and UK
- 4 years 6 months ago
- Artificial Intelligence, Data, Financial
FICO Platform operationalizes predictive models and scores to deliver fairest customer experience and help borrowers manage debt repayments Between 20,000 and 40,000 decisions rules implemented per country, starting with Germany and UK Hoist makes 1 million customer decisions a day using FICO® Platform Phase two will deliver a further €8.5m (£7.4m) in annual staff savings as lending book grows 40 percent
Bank of England Report Warns of ‘Substantial’ SME Debt Vulnerablity
- 4 years 6 months ago
- Banking
The Bank of England’s latest Financial Stability Report, released this week, points to the particular vulnerability of the SME sector as the economy emerges from COVID-19 restrictions. The twice-yearly reports, compiled by the Bank’s Financial Policy Committee, sounded a warning about increased corporate indebtedness, in particular amongst smaller firms with weaker balance sheets. SUMMARY
Exactpro Expands into Lithuania and Sri Lanka
- 4 years 6 months ago
- Trading Systems, Financial, Technical
Exactpro, a leading independent provider of software testing services for mission-critical financial technology, will launch its subsidiaries in Lithuania and Sri Lanka in 2021.
Modulr Secures Visa Ready Certification to Help Bring More SMEs Into the Digital Economy
- 4 years 6 months ago
- APIs, Payments, PaaS
The Visa Ready Program enables partners to build and launch payment solutions that meet Visa’s global network standards. The partnership will enable Modulr to accelerate its growth through access to Visa’s global network and expertise. By collaborating further with Visa, Modulr provides payment services to small businesses in the UK and EU.
Millennials Dominate P2P Platform as Both Lenders and Borrowers: Study
- 4 years 6 months ago
- Platform Technology, P2P Lending
LenDenClub releases its 2020-21 study of P2P lender & borrower behaviour
Xero Introduces New, AI-powered Analytics to Help Small Businesses Plan for the Future with Trusted, Insightful Data
- 4 years 6 months ago
- Artificial Intelligence, Cloud, IT Innovations
New Analytics Plus brings advanced cash flow and business forecasting directly into Xero Xero, the global small business platform, today announced Analytics Plus, part of a new suite of planning and forecasting tools, powered by artificial intelligence and designed to help businesses and advisors plan for the future with confidence.
XTX Markets’ Execution Algo Now on BidFX Algo Hub
- 4 years 6 months ago
- Trading Systems, Cloud, Financial
BidFX and XTX Markets are pleased to announce the full roll-out of XTX Markets Execution Algo on BidFX Algo Hub. It is an implementation shortfall execution algorithm that BidFX clients can now access as algorithmic trading in FX continues to increase.
RO Capital Partners Makes First Investment Co-leads £1.1 Million Funding Round In Bamboo Auctions
- 4 years 6 months ago
- Investment
Proptech company also signs deal with Rightmove RO Capital Partners, the RO Group’s investment arm, is pleased to have co-led a £1.1m funding round together with the Cass Enterprise Fund in Bamboo Auctions (or “Bamboo”), a leading provider of online auction technology to estate agents and auction houses. The round was supported by follow on capital from existing investors and new angel investors.
CBA Helps Banks Prepare Early for Significant SWIFT Trade Finance Changes
- 4 years 6 months ago
- APIs, Banking
New structured message formats for exchanging information around Guarantees and Standby Letters of Credit are crucial in supporting the digitalization of trade finance
Railsbank Raises USD $70M as it Continues Global Expansion
- 4 years 6 months ago
- Banking
Railsbank, the leading global Embedded Finance platform, has raised USD$70 million in its latest funding round. The latest fundraise was led by Anthos Capital and attracted a range of investors including Central Capital (VC arm of Indonesia’s largest privately held bank), Cohen and Company (the founder of Bancorp), and Chris Adelsbach’s new fund Outrun Ventures. Existing investors also participated.
smartKYC Partners with Kompany to Provide Live Access to Real-time Global Register Network
- 4 years 6 months ago
- Compliance, AML and KYC
smartKYC, the world’s most advanced enterprise solution for KYC due diligence automation, has announced a strategic, data partnership with kompany, the global RegTech platform for business verification and Business KYC (KYB) for AML compliance. Clients of smartKYC and kompany will be able to seamlessly access original company information and documents, from relevant trade and commercial registers instantly via kompany’s global register network.
GiftPocket Launches SEND Feature for Gifting Gift Cards
- 4 years 6 months ago
- E-Wallets
Gift Card Digital Wallet Company “Passes Positivity” Through New Technology Feature
Digital Revolution: 50% of Customers Now want to Purchase Banking Products Digitally
- 4 years 6 months ago
- Management, Core Banking, Consultancy
2020 Retail Banking Radar revealed 25% of bank branches expected to close in the next three years Only 30% of European consumers surveyed anticipate using a branch for product advisory or purchases Customers willing to purchase products digitally increased to 50% from 33% a year before Up to 18% of consumers use price comparison websites to research financial products
Crypto Payments Infrastructure Provider MoonPay Chooses Worldpay from FIS for Global Expansion and Card-to-Crypto Services
- 4 years 6 months ago
- Payments, Bitcoins, Cryptocurrencies, Infrastructure
· Rapidly growing cryptocurrency payments infrastructure provider chooses Worldpay from FIS to support continued global expansion. · Worldpay will handle payments for the purchase of cryptocurrencies like Bitcoin and Ether as well as non-fungible tokens.
Three Quarters of IFAs Believe Business Relief Investments will Increase, According to New Survey
- 4 years 6 months ago
- Investment, Management
Business Relief is already considered for most or every client by 78% of advisers, the second most commonly utilised Inheritance Tax (IHT) planning tool after gifting Demand for IHT tax planning is set to increase significantly as latest HRMC receipts were £340 million higher than in the same period a year earlier
