Teller Assist Technology Remains a Cornerstone in Banks’ Cash Management Strategies
- 4 years 10 months ago
- Transaction Banking, Management, Banking
USA home to a third of the world’s teller cash recyclers RBR’s Branch Transformation 2021 reveals that the migration of cash away from the teller, declining footfall in branches, and a wider shift towards cashless payments led to a slight fall in teller assist units (TAUs) in 2020. However, the number of teller cash recyclers (TCRs), which account for the majority of TAUs, increased, and it is recycling technology which will drive growth over...
Northern Trust Launches Alternative Asset Servicing Digitization Initiative
- 4 years 10 months ago
- Management, Wealth Management
Northern Trust has launched a machine learning-powered document capture capability as the foundation of a multi-year investment to digitize alternative asset servicing and enhance the experience for asset owner clients that invest in complex private market and unlisted assets.
HCL named ‘Partner of the Year’ at Finastra’s annual Partner Day
- 4 years 10 months ago
- Corporate
Finastra has named HCL ‘Partner of the Year’ at its annual Partner Day, held virtually on June 29, 2021. The firm is being honored for its initiative in conceptualizing a highly repeatable, cost-effective Treasury-as-a-Service offering, built on Fusion Opics, and underpinned by Microsoft Azure, for small- and mid-tier financial institutions.
KX Enhances KX Flow FX Trading Platform for Enhanced Pricing and Better Risk Management
- 4 years 10 months ago
- Management, Risk Management
KX, a worldwide leader in real-time streaming analytics, has today announced enhancements to KX Flow, its white-label foreign exchange trading platform. The enhancements help financial institutions better manage market risk, with a new automated capability to optimise position and hedging strategies. Additional pricing and connectivity improvements further optimize pricing streams and enhance flexibility.
The Cryptocurrency Whale Phenomenon: How do investors Thread Volatility Splashes?
- 4 years 10 months ago
- Payments, Cryptocurrencies
Cryptocurrencies remain extremely volatile. Bitcoin is consistently on track for topping their biggest monthly increase and decline. It faced one of their record-highs of 37.5% decline just this May 2021, and frequently sees drops like 37% drop seen in November 2018 and 40% slide in September 2011. Most recently, the price of bitcoin climbed to $34,805.19 Monday 28th June 2021, up 8% from where it stood at 5 p.m. ET Friday, after Mexican...
Fintech Aliaswire Secures $6M in New Venture Funding
- 4 years 10 months ago
- Fundraising News, Payments
Inability to Adapt Hampering Banks AML Efforts
- 4 years 10 months ago
- Payments, Banking
John Dobson, CEO at SmartSearch, says: “The European Banking Authority (EBA) has this week highlighted a key issue in RegTech, which is the wide variability of quality and services in the market. This may well be hampering further adoption of the technology in the sector. “We may have left the EU but of course we’re still doing business with the bloc and any moves they make towards increased regulatory standards will have to be reflected in the...
PallyCon unveils Robust Distributor Watermarking to Fortify Premium Content in the Distribution Phase
- 4 years 10 months ago
- Security
PallyCon, a global leader in Multi DRM and content protection service provider, launches robust distributor watermarking to deter and combat premium content leaks in the distribution process.
Statement from Davidson Kempner Regarding Qiagen
- 4 years 10 months ago
- Management, Asset Management
Qiagen's Supervisory Board suffers from a lack of trust and confidence due to its history of ineffectiveness and governance concerns. This has created a credibility issue that is currently reflected in Qiagen's steep valuation discount to peers and its own historic multiples, and negatively impacts the business.
Commenting on Eurozone Inflation Slowing Compared to UK/US
- 4 years 10 months ago
- Banking
Commenting on slowing Eurozone inflation in marked contrast to the US and UK, Jesús Cabra Guisasola, Associate at Validus Risk Management, said: “June CPI numbers for the Eurozone came in line with the market consensus (1.9% YoY) and lower compared to May (2.0%). Additionally, the Core CPI also slowed down to 0.9%, in marked contrast to the recent surprise prints in both the US and UK.
MOVii Achieves 1.5 million Customer Milestone Powered by Comviva’s Digital Wallet Platform
- 4 years 10 months ago
- Payments
Digital payments company, Movii announced that it has crossed 1.5 million customer milestone on its digital wallet platform in May 2021. MOVii is ranked fifth amongst all financial institutions in Colombia in terms of transaction volume and has reached this milestone faster than any other financial institution in the country.
Billhop Announces New CCO and COO Appointments
- 4 years 10 months ago
- Payments, People Moves
Billhop (www.billhop.com), the Swedish payment platform that helps businesses to improve cash flow and close liquidity gaps, has today announced that it has appointed two new hires joining its executive management team - Tashi Gauffin as Chief Commercial Officer, and Niklas Bothén as Chief Operations Officer.
Digiterre Appoints Patrick Bishop as Sales Director
- 4 years 10 months ago
- Data, People Moves
Digiterre, a software and data engineering consultancy, today announced the appointment of Patrick Bishop as Sales Director. Patrick joins Digiterre from Scott Logic where he was Head of Business Development. Jeremy Toop is also appointed Senior Business Development Executive to support the continued growth of the business.
Bequest Raises £1.7M Investment to Overhaul the Way We Prepare End-of- life dmin
- 4 years 10 months ago
- Insurtech, Investment, Insurance
The revolutionary insurtech surpasses 1,000 customers in weeks of launch
Ghana International Bank Partners with Backbase toAaccelerate Digital Innovation
- 4 years 10 months ago
- Transaction Banking, Banking
UK-based international bank leverages Backbase’s Engagement Banking Platform to provide best-in-class customer experience Ghana International Bank (GHIB), a UK-headquartered pan-African bank, announces today that it has partnered with Engagement Banking technology provider Backbase. The partnership will underpin the bank’s digital transformation, accelerate innovation and, by allowing GHIB to create tailor-made solutions, provide an enhanced,...
