Bank-Backed Blockchain Trade Finance Platform Contour Launches
- 5 years 4 months ago
- Blockchain
Contour, the blockchain-based trade finance platform backed by a host of big name banks, has made its commercial launch. Formally known as Voltron, Contour uses R3’s Corda blockchain platform for a global network designed to digitise and modernise the $18 trillion trade finance market. The commercial launch comes after live pilots in 14 countries and a global trial with more than 50 banks and corporate which demonstrated the platform's ability...
World Economic Forum Publishes CBDC Framework
- 5 years 4 months ago
- Cryptocurrencies
The World Economic Forum (WEF) has put together a policy-maker toolkit designed to help central banks investigating the creation of digital currencies. Last week, a Bank for International Settlements survey found that 80% of central banks are engaged in some form of CBDC work, with 10% expecting to issue their own within three years. To help central banks navigating the complexities of the issue, the WEF's toolkit aims to act as a decision guide...
SoFi Is Partnering With Mastercard to Bolster Its Banking Offering With a Credit Card
- 5 years 4 months ago
- Credit Cards
The US-based fintech has teamed up with Mastercard for its new card network. Currently, SoFi offers a debit card product to users as part of its SoFi Money product via a partnership with Visa, but under the new deal, the cards will now run on Mastercard's network. In addition to issuing new cards to existing cardholders, SoFi is adding new benefits to its offering, including cash-back rewards, free cell phone insurance, and discounted airport...
Equity Analysts and Portfolio Managers Gain Unrivaled Access to Transactional Data Through New Research Tool
- 5 years 4 months ago
- Data, Financial
ARM Insight, the leading provider of actionable insights from financial data, today announced the availability of registration for the company’s upcoming launch of its Enlightmint research tool. Qualified equity analysts and portfolio managers may now register to be one of the first to take advantage of the tremendous insight provided through millions of consumer transactions across more than 1,600 companies and 430 tickers.
Uphold Introduces Commission-Free Cryptocurrency Trading, And The World’s Easiest User Interface
- 5 years 4 months ago
- Trading Systems, Cryptocurrencies
Leading digital money platform Uphold today introduces zero-commission trading on cryptocurrencies in a milestone for the industry designed to open up affordable access to one of the world’s most important new asset classes for millions of retail investors.
Virus Spreads Risk Aversion, Buoying Haven Dollar, Yen & Swissie
- 5 years 4 months ago
- e-Payments, Risk Management
Growing concern over the deadly coronavirus and its potential to squeeze global growth drove traders into safer bets like the U.S., Japanese and Swiss currencies. The yen climbed to three-week highs against the greenback, while the U.S. unit notched new multiweek peaks against the euro, Canadian dollar and Mexican peso. The Aussie and kiwi dollars, currencies with close ties to all things China, were among the worst performers with losses of...
Over 60% of Millennials Are Using ‘Buy Now, Pay Later’ Services When Shopping, Kearney Research Shows
- 5 years 4 months ago
- Payments, Consultancy
Analysis from global consulting partnership Kearney has found a growing appetite for point of sale (PoS) credit finance – otherwise known as ‘buy now, pay later’ – among younger UK consumers, with over 60% (67%) of Millennials now using this service. While 42% of Millennials have used a ‘buy now, pay later’ service more than once in recent years, they’re not the only shoppers using these services. A majority of consumers in Generation X (57...
Al Khaleej Bank signs for iMAL Islamic core banking platform
- 5 years 4 months ago
- Core Banking, Islamic Finance
Path Solutions, a worldwide provider of Sharia-compliant financial technology solutions, has announced that it signed Al Khaleej Bank in Sudan to its core banking platform.
Asset Management Report Highlights Quiet Revolution in Attitudes to Oversight and Contingent NAV Capabilities
- 5 years 4 months ago
- Asset Management
Asset managers are increasingly acting to adopt resilient oversight and contingent NAV solutions, in the face of ongoing regulatory attention and maturing automation solutions. This is according to new research from institutional fintech firm Milestone Group, who have been directly engaged in developing these capabilities for the global investments industry.
Refinitiv pledges FX brokerage to support Australian bushfire relief efforts
- 5 years 4 months ago
- Data, Infrastructure
Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, announced today they will donate 100% of brokerage fees from global AUD turnover for three full trading days from 9am Tuesday 4 February to 9am Friday 7 February (AEST) to a range of accredited Australian charities to support the volunteer firefighters and communities impacted by the recent bushfires. This turnover is inclusive of spot, forwards, swaps...
Contour launches following success of bank-backed project to digitise the USD 18 trillion trade finance process
- 5 years 4 months ago
- Trading Systems
Today, a new independent global network to digitise and modernise the USD 18 trillion trade finance market has been launched under the new brand – Contour. The launch follows a series of ground-breaking live pilots in 14 countries and a global trial with more than 50 banks and corporates, which reduced processing times for Letters of Credit by over 90%, from 5-10 days to under 24 hours.
Reshaping the Financial Sector of the Middle East with Finnovex Middle East 2020
- 5 years 4 months ago
- IT Innovations
Advanced technology and innovation have forever disrupted business operations of the past. With changing trends and customer expectation, product offerings, service and business operations has been the centre of the continuous cycle of adopting and adapting to latest technology and operation models. The financial service industry is no exception to this and has witnessed dynamic transformation pertaining to digital and technological aspects of...
HPD LendScape appointed Kheng Leong Lee as regional representative for the Asia Pacific region
- 5 years 4 months ago
- People Moves
HPD LendScape, a leading global asset based lending and factoring platform, has appointed market specialist, Kheng Leong Lee, as its regional representative for the Asia Pacific region. Based in Singapore, Lee brings with him over forty years’ experience in providing financial support to SMEs in the APAC region.
Apple Pay Coming to Curve Customers Across Europe
- 5 years 4 months ago
- Payments, Banking
Curve, the Over-The-Top banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, today brings its customers Apple Pay, which is transforming payments with an easy, secure and private way to pay. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast and convenient purchases in stores, in apps and on websites.
Calypso Networks Association and OSPT Alliance Announce Collaboration
- 5 years 4 months ago
- Infrastructure
Calypso Networks Association (CNA) and OSPT Alliance announce their collaboration to drive the adoption of open standards in transport ticketing.
