Britons Embrace Biometrics But Over Half Will Abandon Applications If Not Fully Digital
- 4 years 12 months ago
- Covid-19, Compliance, AML and KYC, Security
Since the start of the COVID-19 outbreak, much focus and value has been put on contactless and online interactions – particularly in the financial sector. New research commissioned by global analytics software provider FICO, conducted just before the pandemic took hold, shows that online interactions were already very much par for the course amongst UK consumers. The challenge for financial institutions appears to be ensuring that the entire on-...
SalaryDost selects Onfido to power digital lending with trusted identity verification
- 4 years 12 months ago
- Lending, Authentication Technology
Onfido, the global identity verification and authentication company, has announced a partnership with SalaryDost, a leading digital consumer lending platform in India, to provide identity verification with real-time live video checks to verify users and for a robust Know Your Customer (KYC) solution.
Financial services organisations are not prioritising compliance in their modernisation efforts – new report from Advanced reveals
- 4 years 12 months ago
- Banking, Compliance
Just 6% of financial services organisations say it’s essential for them to modernise their legacy systems to meet current regulatory and legislative demands. This surprisingly low figure is according to new global research from Advanced, which also reveals that only 20% cite an inability to meet compliance and regulatory demands as their top reason for modernising mainframe based legacy systems.
Microgen and Touchstone rebrand to become TrustQuay
- 4 years 12 months ago
- Fund Management
Following the recent merger of Microgen and Touchstone, the company has today announced its new name and new brand for the combined business - TrustQuay. TrustQuay is now the leading provider of technology to the trust and corporate services market, serving more than 450 clients and 15,000 users in over 30 jurisdictions. TrustQuay has 9 offices worldwide and an established physical presence in key markets including Australia, Guernsey, Jersey,...
Open Banking thriving in the UK, with financial institutions investing more than any other European country
- 4 years 12 months ago
- Open Banking
New data published from open banking platform Tink reveals that financial institutions in the UK are ramping up their investments in open banking, as the industry mindset moves away from purely PSD2 compliance and towards value creation.
Andigo Scholarship To Award $12,500
- 4 years 12 months ago
- Banking
Andigo Credit Union, based in Schaumburg, IL, announced five college-bound high school seniors as recipients for the 2020 Andigo Scholarship Program. The winners were recognized for their community involvement and academic achievement. Each recipient will receive a $2,500 scholarship. The Andigo Scholarship Program will award $12,500 in 2020. The winners are:
British Business Bank accredits Metro Bank to the Bounce Back Loan Scheme
- 4 years 12 months ago
- Covid-19, Lending
Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme for small business across the UK. The scheme is intended to target small and micro businesses in all sectors[1], with loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.
High-speed, high-volume data transfer facilitated by 5G will enhance industrial operations in connected factories
- 4 years 12 months ago
- Data, IT Innovations
Frost & Sullivan’s recent analysis, Role of 5G Communication Revolutionising Industrial Internet of Things, finds that the integration of 5G in IIoT systems will accelerate the realisation of Industry 4.0 with high-speed, low-latency, and large-volume data transfer.
India’s smart cities playing big role in technology led battle against COVID-19, says GlobalData
- 4 years 12 months ago
- Covid-19
As seen in many countries across the globe, smart cities in India too have been playing a major role and leading the way in the country’s battle against the COVID-19 pandemic, says GlobalData, a leading data and analytics company.
Brazilians tend to increase spendings on ecommerce after the pandemic, EBANX study shows
- 4 years 12 months ago
- E-Commerce, Transaction Banking, Payments
A research launched by EBANX, on the impacts of the COVID-19 pandemic on the ecommerce market in Brazil and the post-pandemic perspectives, brings in the results an intention to increase or maintain spendings on international websites by Brazilians after the pandemic period.
39% of UK adults suffer Covid income drop, taking home over 30% less - with the UK’s furlough scheme not filling the gap
- 4 years 12 months ago
- Covid-19
A new international study of over 6,000 respondents from smart money app, Yolt, has quantified the impact of the coronavirus on adults’ financial income in the UK, France and Italy. Consumers in the UK, Italy and France saw their income considerably reduced in April compared to March. In the UK, 39% of consumers confirmed that their income had dropped in the last month, with the situation also bleak in France (47% drop) and even worst in Italy...
MAS Registered RF Fund Management Secured Inaugural VCC Incorporation Strategic Milestone
- 4 years 12 months ago
- Fund Management
Monetary Authority of Singapore (MAS) registered RF Fund Management, a subsidiary of RF International Holdings, has unveiled following approval of MAS status that the Accounting and Corporate Regulatory Authority (ACRA) has confirmed its RF Transformation Fund VCC has been incorporated under section 16(4) of the Variable Capital Companies (VCC) Act on 26th May 2020 as an umbrella VCC.
FICO Partners with OpenWrks to Deliver Affordability Assessments
- 4 years 12 months ago
- Artificial Intelligence, Open Banking
Global analytics and decision management provider FICO has partnered with OpenWrks – a leading provider of Open Banking based digital engagement applications. Under the partnership, which initially serves the UK market, FICO plans to combine OpenWrks financial budgeting and conversational AI technology with FICO’s market-leading integrated collections and omni-channel platform to assist creditors in making the most appropriate customer decisions...
StructureFlow officially launches, providing new way to “see” the law
- 4 years 12 months ago
- Transaction Banking, BPM
StructureFlow, a tech start-up helping lawyers and finance professionals quickly and easily visualize complex legal structures and transactions, has been officially unveiled. The brainchild of former corporate lawyer, Tim Follett, StructureFlow was developed to address the frustrations he felt trying to visually model complex legal structures and transactions using tools that weren’t up to the task.
Forecast by Robocash Group: 5G will boost financial inclusion in emerging markets in Asia
- 4 years 12 months ago
- Banking, Data, IT Innovations, Infrastructure
Driving improvements in the digital space, 5G has accelerated financial inclusion in emerging markets in Asia. Analysts of the financial holding Robocash Group forecast that with its help, about 3 million of the unbanked and underbanked will get access to financial services in both Vietnam and the Philippines by 2025. Indonesia will have 9-11 million, and India – 60 million.
