Pay By Link Transactions in Contactless Payments Grow 6X in the Second Wave of Pandemic; Reveals Mswipe
- 4 years 11 months ago
- Transaction Banking, Payments
Ecommerce driving link based payments in metros; groceries in non-metros Payment links via SMS or WhatsApp have emerged as the front runner in contactless payments in the second wave of the pandemic with Mswipe registering a record 6X growth in Pay By Link based (PBL) transactions. PBL transactions grew from 2.37lakh in March 2020 to 12.55lakh in March 2021. A high adoption has been observed across metro cities including Bangalore, Mumbai,...
FCA Issues Warning Letter to Banks Over Anti-Money Laundering Failings
- 4 years 11 months ago
- Banking, Security
Retail banks have been issued a warning by the Financial Conduct Authority (FCA) about continuing weaknesses and failings surrounding their financial crime controls.
Spectrum Markets: Q2 Trading Volumes Grow 86% on Previous Year
- 4 years 11 months ago
- Trading Systems
182m securitised derivatives traded in Q2 2021 compared to 98m in Q2 2020 First half volumes increased 146% year-on-year Most traded underlyings were OMX 30, DAX 30 and S&P 500 Spectrum Markets, the pan-European trading venue for securitised derivatives, has released its latest Quarterly Business Update, revealing continued positive momentum as its business matures.
Smart Engines AI Digitalizes Onboarding for New Investors of Alfa Capital
- 4 years 11 months ago
- Artificial Intelligence, Asset Management
Alfa Capital, one of the largest asset management companies in Russia, a member of the Alfa Group Consortium, selected an AI-based solution from Smart Engines for scanning new clients’ IDs to boost its remote service. Smart ID Engine software product enables Alfa Capital to significantly simplify data entry in their mobile app.
67% of Fintechs Believe that AI will Have the Biggest Impact on Sector in the Next Five Years
- 4 years 11 months ago
- Artificial Intelligence, Payments
70% of fintechs are using AI today, and the technology is predicted to dominate the market by 2025 90% of fintechs use APIs and they are currently the most widely used emerging technology “Fintech Five by Five” explores five core technologies that will have the biggest impact on the sector in the next five years
Verafide Launches UK’s first Open Source Solution for Verifiable Credentials
- 4 years 11 months ago
- Blockchain, Digital Identity, Payments, Cryptocurrencies
Engineered by SETL, Verafide allows organisations, networks and individual users to simply and securely issue, hold, verify and share digital ID and credentials Verafide, a verifiable credentials technology provider for issuers, holders and verifiers of digital credentials and ID, today announced the launch of their platform on the SETL enterprise blockchain. The open source solution enables any community, network or organisation to set up and...
Perwyn Leads $30m Funding Round in Lookiero
- 4 years 11 months ago
- Investment
Fashion tech start-up closes Series C to consolidate leadership positions across Europe Perwyn, a family-backed private equity and growth capital investor, is pleased to have led a $30m Series C funding round in Lookiero, the online personal shopping service.
American Cycle Finance Goes Live with Scienaptic’s AI-Powered Credit Decisioning Platform
- 4 years 11 months ago
- Payments, Credit Cards, Banking
Leading AI-powered credit decision platform provider, Scienaptic, announced that American Cycle Finance (ACF) has successfully deployed its platform. The implementation empowers ACF to assist its partner motorcycle dealers in selling more vehicles to customers with limited or no credit history through sharper, AI-driven credit decisions.
TIBCO Named an Overall Leader in 2021 Dresner Report
- 4 years 11 months ago
- Data
TIBCO Software Inc., a global leader in enterprise data, empowers its customers to connect, unify, and confidently predict business outcomes, solving the world’s most complex data-driven challenges. Today, TIBCO announced its recognition as an overall Leader in Vendor Credibility in Dresner Advisory Service’s 2021 Wisdom of Crowds® Business Intelligence Market Study, making this the fifth consecutive report naming TIBCO a Leader.
SmartSearch Calls on UK Businesses to Work with AMLA
- 4 years 11 months ago
- RegTech
Leading UK RegTech specialist SmartSearch has warned the UK could be left behind in the fight against money laundering and financial fraud, if it fails to coordinate with the new agency being formed by the EU. It has emerged that the European Commission will launch the Anti-Money Laundering Authority (AMLA) as part of a raft of measures contained in its action plan, set to be revealed on July 20.
ICBA Bancard and Finzly Partner to Offer Instant Payments
- 4 years 11 months ago
- Payments
Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital account opening, today announced a new partnership with ICBA Bancard, the payments services subsidiary of The Independent Community Bankers of America (ICBA), to facilitate instant payments via Finzly’s Payment Galaxy, a payment hub for improved convenience, cash flow and efficiency for community banks and their customers. Finzly...
NAMMBA and Finastra Announce Partnership to Effect Positive Change in the Mortgage Industry
- 4 years 11 months ago
- Payments, Banking
he National Association of Minority Mortgage Bankers of America (NAMMBA) and Finastra have partnered to bring about positive change in the mortgage industry, meeting the needs of underserved communities and developing a more diverse mortgage workforce. As a Diamond Plus Partner to NAMMBA, Finastra will support the purpose-driven organization’s efforts to enrich and improve the situations of women and minorities who work in the real estate...
Broadway Technology Appoints Bruce Boytim Chief Operating Officer
- 4 years 11 months ago
- People Moves
FinTech Expert Joins Executive Team to Drive Client Success, Capture Market Opportunity and Execute Strategic Vision
State Street and Korea’s NPS Extend Global Equity and Alternatives Custody and Middle-Office Servicing Agreement
- 4 years 11 months ago
- Trading Systems, Investment, Investment Management
State Street Corporation today announced that its service contract with the National Pension Service of Korea (NPS), the world’s third largest pension fund[1], has been renewed. State Street will continue to provide back-office and middle-office services for the
The European project COPA EUROPE led by Worldline creates a New Technologic Environment in the field of Sports and eSports.
- 4 years 11 months ago
- Artificial Intelligence, Blockchain, Payments
Combine the streaming services with AI technologies and blockchain
