triBalance Completes First FX SA-CCR Optimization Cycle
- 5 years 5 months ago
- Trading Systems, Foreign Exchange
TriOptima, a leading infrastructure service that helps to lower costs and to mitigate risk in OTC derivatives markets, announced the completion of its first triBalance FX cycle optimizing exposures for clients who calculate their leverage ratio capital requirements under the Standardized Approach for Measuring Counterparty Credit Risk (SA-CCR). Bilateral and cleared initial margin exposures were simultaneously optimized in the FX cycle that took...
Glint Pay Secures Additional £2.5m in Funding to Scale Up Growth After P2P Launch
- 5 years 5 months ago
- Investment
Glint Pay, the London-based fintech, has announced that it has secured an additional £2.5m in funding to support growth plans and increase its customer base to 138,000 active users in the next 12 months. This funding is announced after the recent launch of a peer-to-peer facility, known as Glint It!, which allows customers to instantly send or receive money, including real, spendable gold and other currencies.
LexisNexis Risk Solutions and Nuggets Partner To Enable Self-Sovereign Digital Identity Solutions
- 5 years 5 months ago
- Digital Identity
LexisNexis® Risk Solutions and UK Fintech startup Nuggets have today announced a formalised partnership working together to enable the implementation of self-sovereign digital identity (SSI) solutions.
As Nearly Half of 16-25 Year Olds Could Be Plunged Back Into ‘lockdown Loneliness’, Supporting Human Connections is Critical During Pandemic, Says Paysend
- 5 years 5 months ago
- Covid-19, Money Transfers
As nearly half of 16-25 year olds could be plunged back into ‘lockdown loneliness’, supporting human connections is critical during pandemic. • Mental Health Foundation data: 44% of 16-25 year olds experienced loneliness during lockdown • 1 in 4 UK adults felt lonely during lockdown, way up from 1 in 10 before the pandemic • Paysend money transfers aiming to connect friends and families during lockdown to help this
AutoRek Announces US Partnership With iSoftware4Banks
- 5 years 5 months ago
- RegTech, Compliance
Scottish fintech company, AutoRek, a leading software provider to global financial services firms announces its partnership with iSoftware4Banks, a US-based provider of services to support effective financial reporting and compliance. AutoRek and iSoftware4Banks are joining forces to meet their common goals of improved automation and delivering ROI in the financial services space. Combining highly experienced consultants with leading data...
TCS Deepens Strategic Partnership with Prudential Financial
- 5 years 5 months ago
- M&A Deals
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organisation, and Prudential Financial, Inc. (PFI), a financial wellness leader and premier active global investment manager, announce that they are entering into an agreement that will see TCS acquire the staff and select assets of Pramerica Systems Ireland Ltd. (Pramerica), PFI’s subsidiary based in Letterkenny, Ireland.
Solactive Acquires Minority Stake in Green Financial Technology Platform Spark Change
- 5 years 5 months ago
- Investment
Solactive is pleased to announce the acquisition of a minority stake in Spark Change. Inflows in ESG linked investments are at their all-time peak, and more investors are well-disposed towards integrating ESG factors into the investment process. At the same time, product providers’ and institutions’ ESG requirements are many-faceted, and one-size-fits-all solutions are simply non-existent.
DOM.RF Bank and Diasoft Named Finalists of the Prestigious Banking Technology Awards 2020
- 5 years 5 months ago
- Banking
DOM.RF Bank, one of the largest Russian mortgage banks, has been shortlisted as a finalist of the prestigious international Banking Tech Awards 2020 in the category “The Best Digital Initiative”. The Bank nominated a large-scale project for implementation of its own digital IT Platform based on the Digital Backbone concept, which is aimed to move the Bank’s housing finance and mortgage services to the fully digital environment.
LiquidityBook Launches Standalone CAT Reporting Solution
- 5 years 5 months ago
- RegTech, Trading Systems
LiquidityBook, a leading Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, announced the launch of a new Consolidated Audit Trail (CAT) reporting solution. CAT reporting has always been among the sell-side reporting functionalities available to LiquidityBook’s OMS customers, but demand from non-OMS clients prompted the firm to develop a solution on a standalone basis for those who using either a competing OMS...
Tinkoff Reports Strong Results in 3Q'20, Announces 2020 Interim Dividend and Updated Guidance
- 5 years 5 months ago
- Banking
Tinkoff, Russia's leading provider of online financial and lifestyle services via its Tinkoff ecosystem, announced its interim condensed consolidated IFRS results for the three months and nine months ended 30 September 2020.
Chip Celebrates Fourth Birthday as It Evolves From a Savings App Into a Wealth Builder
- 5 years 5 months ago
- FinTech StartUps
Chip, the automatic saving app offering the best returns, celebrates four years since launch, as it evolves into a wealth builder. The fintech originally launched in beta in October 2016 before officially introducing the saving app to the public in February 2017. Since then, Chip has evolved from an app that helps people save their spare cash into a wealth builder, helping users put aside over £165 million along the way.
SIA and INFORM Launch a New Digital Service for E-commerce Payments
- 5 years 5 months ago
- E-Commerce, Payments
SIA, a leading European hi-tech company in the payment services and infrastructures sector, controlled by CDP Equity, launches a new digital service for banks, payment service providers and other financial institutions across Europe to allow their customers to speed-up the authentication process for online payments, in line with PSD2 security standards. The initiative is powered by RiskShield, an advanced risk-evaluation system developed by the...
Mastercard and Payments Canada Partner to Build Canada's New Real-time Payment System
- 5 years 5 months ago
- Payments
Payments Canada today announced the selection of Mastercard’s Vocalink as the clearing and settlement solution provider for the country’s new real-time payments system, the Real-Time Rail (RTR). This announcement follows an extensive procurement process that included the Bank of Canada and the Department of Finance.
Banks Trailing in Digital Maturity: Infosys Finacle and Efma’s 2020 ‘Innovation in Retail Banking’ Report
- 5 years 5 months ago
- Banking
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY) and
R.J. O’Brien Selects Broadridge to Transform its Exchange-Traded Derivatives Operations Globally
- 5 years 5 months ago
- Trading Systems
Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced that R.J.
