Reuters Events’ Insurance AI and Innovative Tech Summit Returns to Chicago in 2020 – USAA, Nationwide, The Hartford AXA, Swiss Re, American Family and More Confirmed
- 6 years 3 months ago
- Artificial Intelligence, Insurance
As insurance carriers look to technology to meet customer demands at scale, how carriers react to competition and rising customer expectations today will define their success tomorrow. From providing bespoke products, instant customer service and real-time risk monitoring, the likes of AI, machine learning and other innovative technologies are proving the only means through which insurance carriers can meet the high demands of consumers today.
Nisir Microfinance Institution to Choose ICS BANKS from ICSFS to Drive its Growth in Ethiopia
- 6 years 3 months ago
- Islamic Finance
Nisir Microfinance Institution (Nisir MFI), an innovative and growing microfinance institution in Ethiopia, has selected
Commerzbank acquires comdirect equity stake and holds more than 90 percent of comdirect
- 6 years 3 months ago
- Banking, M&A Deals
Commerzbank AG will acquire an equity stake in comdirect bank Aktiengesellschaft ("comdirect") from institutional investor Petrus Advisers Ltd. through its subsidiary Commerzbank Inlandsbanken Holding GmbH. The purchase price has not been disclosed.
Emirates NBD boosts AED 1 billion digital transformation with new milestone in core banking system upgrade
- 6 years 3 months ago
- Banking
Emirates NBD, a leading banking group in the region, has completed the third phase of its international core banking system upgrade, as it forges ahead with its ongoing digital transformation efforts to boost innovation and efficiency across its domestic and international operations.
Standard Chartered appointed Rene W. Keller as CIO of Corporate, Commercial & Institutional Banking
- 6 years 3 months ago
- People Moves
Standard Chartered announced the appointment of Rene W. Keller as Chief Information Officer (CIO), Corporate, Commercial & Institutional Banking (CCIB). Based in Singapore, he reports to Dr Michael Gorriz, Group Chief Information Officer, and is responsible for the business’ technology strategy, architecture and delivery value chain that will drive strategic business outcomes.
DataLend: $8.66 Billion in Revenue Generated for Securities Lenders in 2019
- 6 years 3 months ago
- Trading Systems, Data
The global securities finance industry generated $8.66 billion in revenue for lenders in 2019, according to market data provider DataLend. While 2018 was a record amongst recent years for securities lending revenue, 2019 global revenue was down 13% in comparison. Securities lending revenue is calculated as the amount paid by borrowers, typically broker-dealers on behalf of their hedge fund clients, to temporarily borrow equity and fixed income...
Cloud Powers Digital Transformation for Two UK-based Credit Unions
- 6 years 3 months ago
- Financial
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, has announced that Manchester-based Voyager Alliance Credit Union and its associate entity, Retail Credit Union, have successfully moved to the TCS BaNCS™ Cloud for Banking to digitally transform their core banking operations and enable faster payments.
RoboMarkets Launches Mobile Version of R Trader
- 6 years 3 months ago
- Financial
RoboMarkets, a European investment company that provides financial services to clients from many European Union countries, announces a mobile version of R Trader, the Company’s proprietary web platform. RoboMarkets released the terminal’s mobile version due to the key demand for it on behalf of the Company's clients.
Icertis Announces Winner of India’s Largest AI and Blockchain Hackathon
- 6 years 3 months ago
- Artificial Intelligence, Blockchain
Icertis, the leading provider of enterprise contract management in the cloud, today announced the winners of Icertis’ AI/ML and Blockchain Hackathon, at the grand finale held in Pune. The winning team’s innovative solution utilized machine learning models to analyze crop distress and weather patterns.
PayClip Selects TreasuryXpress for Comprehensive Treasury Automation
- 6 years 3 months ago
- Treasury
TreasuryXpress, the global leader in on-demand treasury management software today announced that Payclip (Clip), an innovative fintech company and Mexico’s leading online payment processor, has selected the firm’s on-demand treasury management solution (TMS), to help achieve straight-through processing of their entire treasury operations.
Robo.cash suspends investment into the loans of Robocash Finance Corp.
- 6 years 3 months ago
- P2P Lending
Securities and Exchange Commission in Philippines (SEC) has issued a press release that it has stripped Robocash Finance Corp.’s (Company) authority to operate as a financing company for running several branches without the necessary license. The Corporate Governance and Finance Department (CGFD) of the SEC issued the order of revocation on 12 December 2019 after establishing that Robocash violated the Implementing Rules and Regulations of...
Mastercard Acquires RiskRecon to Enhance Cybersecurity Capabilities
- 6 years 3 months ago
- Cybersecurity
Mastercard today announced an agreement to acquire RiskRecon, a leading provider of artificial intelligence and data analytics solutions to support companies in protecting their cyber systems and infrastructure.
PPRO sells issuing business Crosscard
- 6 years 3 months ago
- Payments
Leading local payments platform PPRO has sold its former issuing business unit, now called Crosscard S.A., to investors, in a transaction led by existing PPRO investor HPE Growth. Crosscard issues e-money accounts with integrated prepaid credit and debit Mastercard cards for consumers (under the brand name VIABUY) and businesses (under the brand names Crosscard and Fleetmoney).
Wolters Kluwer’s Lien Solutions Business Wins Best in Biz 2019 Award
- 6 years 3 months ago
- GRC / ERM
Wolters Kluwer’s Lien Solutions has won a Silver Award in the 2019 Best in Biz Awards for its Portfolio Sync solution in the Best New Product Feature, Enterprise category. This marks the third industry accolade this year for Portfolio Sync, which is part of Lien Solutions’ flagship iLien product suite.
SIA , CeTIF and Reply in collaboration with Bank of Italy and IVASS, to digitize the management of sureties using blockchain technology
- 6 years 3 months ago
- Blockchain
Experimentation of the national project will start in January 2020, promoted by CeTIF, SIA and Reply, in collaboration with Bank of Italy and IVASS, to digitize the management of sureties using blockchain technology. The “Fideiussioni Digitali” initiative (Digital Sureties) was born at the end of the feasibility study, which lasted about 4 months and involved around thirty major players in the insurance, banking and financial sector, the public...
