Virgin Money Launches Innovative Partnership With Twenty7Tec
- 5 years 2 weeks ago
- APIs, Lending, Payments
Virgin Money has announced its API integration with technology experts Twenty7tec. The partnership will streamline the search and application process for intermediaries by removing the need to re-key data in multiple places. The integration will be the first of its kind from a top 10 lender. Users can not only apply for a Decision in Principle from Virgin via this integration, but also submit a full mortgage application and make payments without...
Railsbank Hires Louisa Murray as COO for UK and Europe
- 5 years 2 weeks ago
- People Moves
Railsbank, the leading global open banking platform, today announced the appointment of Louisa Murray as its Chief Operating Officer (COO) for UK and Europe, effective immediately. The announcement follows the recent appointments of Dov Marmor as COO for North America and Justin Xiao as COO for Southeast Asia.
LTI Selects Temenos to Launch in the Nordic Market
- 5 years 2 weeks ago
- Banking
Larsen & Toubro Infotech (LTI), a global technology consulting and digital solutions company, has partnered with Temenos, the banking software company, to launch the Digital Banking Platform, powered by Temenos technology to modernize legacy core banking systems, in the Nordic region. The platform enables financial institutions to be more agile and scalable while reducing operating costs. Banks will also be able to leverage the platform to...
Mastercard, TSYS and Extend Launch Mobile Virtual Card Solution for Commercial Clients
- 5 years 2 weeks ago
- Payments
Mastercard and its partners, TSYS, a Global Payments company and Extend, today introduced a mobile virtual card solution that enables virtual corporate cards to be easily loaded into a mobile wallet for fast and secure contactless payments.
Fintech Leaders Optimistic for Quick Recovery Despite Covid-19 Impact
- 5 years 3 weeks ago
- Covid-19, FinTech StartUps
A majority of senior fintech professionals say Covid-19 has had a negative impact on the industry, but many are more optimistic about the future now than they were at the start of the pandemic, according to a report released today by research and content agency Pensar Media.
Investment in derivatives post-trade set to soar
- 5 years 3 weeks ago
- Covid-19, Trading Systems
95% of tier 1 and 2 banks plan to invest more in derivatives post-trade operations over the next three years than in the last three, a major study by Acuiti has found. Almost half of tier 1 and 2 banks are expecting to invest more than $5m over the next three years in long-awaited upgrades to post-trade processing capacity.
Black Friday Payment Data Reveals Rapid Growth of ‘Pay Later’ Methods Like Klarna
- 5 years 3 weeks ago
- Payments
Mollie, one of the fastest-growing payment service providers, has revealed insights into the most popular payment methods used this Black Friday. The data, which provides a year-on-year comparison of 2019, shows that payment methods allowing customers to pay flexibly - like ‘pay later’ service Klarna - has more than doubled in 2020. The study spans 101,000 merchants across Europe, primarily from Germany, U.K., France, the Netherlands and Belgium.
OutSystems Selected as a Winner of the AWS Partner Network’s Regional 2020 Partners of the Year Awards
- 5 years 3 weeks ago
- Covid-19, IT Innovations
As part of the AWS Partner Network Awards 2020, OutSystems, a global leader in modern application development, was named AWS Technology Partner of the Year and AWS Social Impact Partner of the Year - Iberia, Portugal.
Future Success for Banks Will Be Driven by Balancing Physical and Digital Services
- 5 years 3 weeks ago
- Covid-19, Banking
Faster service (23%), smaller queues (26%) and longer opening hours (31%) are among customers’ biggest asks of their bank branch, new research from Diebold Nixdorf today reveals. But with 41% consumers saying they would be comfortable to engage with all banking services via an app, it is vital that banks respond to the full spectrum of customer needs - balancing and evolving their offerings on multiple fronts.
EBANX and PicPay to Offer a New Payment Option for International E-commerce in Brazil
- 5 years 3 weeks ago
- E-Commerce, Payments, E-Wallets
EBANX, a Latin American fintech specialized in local payment solutions for global merchants, has partnered with PicPay, the largest digital wallet in number of users in Brazil, to offer a new payment option in the country.
SINNAD Offers Flexible Islamic Banking Processing in the Middle East
- 5 years 3 weeks ago
- Banking, Islamic Finance
Less than two years after SINNAD went live with its new processing platform built on Compass Plus software, SINNAD has completed the migration of the largest Islamic bank in Bahrain to its system.
Virgin Money to Build Digital Proposition for New Business Current Account Offer With Redspire
- 5 years 3 weeks ago
- Banking
Virgin Money has announced a new strategic FinTech partnership with Glasgow-based Redspire, to support the development of its digital proposition for the new Virgin Money Business current account. Redspire is a Microsoft Gold Partner for Cloud Business Applications and the company will support the development of new digital solutions, as part of Virgin Money’s commitment to the recent £35m award from the Banking Competition Remedies (BCR)...
Primer Raises £14m in Series A Funding Round Led by Accel
- 5 years 3 weeks ago
- Investment
Primer, the low-code payments infrastructure and online checkout API, today announces a £14 million Series A funding round led by Accel. Existing investors Balderton, SpeedInvest and Seedcamp also participated, and were joined in the round by RTP Global.
CLS and Finastra Collaborate to Deliver Netting Services to Customers
- 5 years 3 weeks ago
- Trading Systems, Payments
CLS, a market infrastructure delivering settlement, processing and data solutions, and Finastra, one of the world’s largest fintechs, have agreed to enter into a collaboration to provide Finastra customers with access to CLSNet, CLS’s bilateral payment netting calculation service. The move addresses increased demand from the buy-side for a centralized infrastructure to manage post-trade processes.
Chip Launches the UK's Highest-Returning Account, 'Chip+1'
- 5 years 3 weeks ago
- FinTech StartUps
Chip, the savings app that has put aside more than £165 million for its users to date, has launched Chip+1, a new account paying the market’s best return of 1.25% (variable) on savings up to £5,000. The new account is eligible for the government-backed Financial Services Compensation Scheme (FSCS) up to £85,000, with all the money deposited into Chip+1 held in a segregated trust account with the UK authorised bank ClearBank.
