TransFICC Secures New Investment From AlbionVC, ING Ventures and HSBC
- 6 years 4 months ago
- Investment
TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has closed its Series A investment round for £5.75 million. Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC. The new investors join existing shareholders, Citi, Illuminate Financial, Main Incubator (the R&D unit of Commerzbank Group) and The FinLab.
Horizon Software announces outsourcing contract for market making on the Hellenic Energy Exchange Market
- 6 years 4 months ago
- Trading Systems, SaaS
Horizon Software (Horizon), the world’s leading SaaS provider of electronic trading solutions and algorithmic technology, announced today that PPC, the leading energy supplier in Greece, can market make energy futures on the Hellenic Energy Exchange (HEnEx) leveraging the existing infrastructure of an existing Horizon client, Eurobank.
Mortgage Brain sees product numbers increasing and ESIS volumes stabilising
- 6 years 4 months ago
- Banking
Last week saw the number of available mortgage products increase for the second week in a row to 8,044 products, an increase of 488 (5.9%) from the previous week. The majority of the growth has been seen in the remortgage sector where the product numbers increased by 5.4%, while home mover products increased by 2.0% and BTL product numbers reduced by 1.9%. When compared to pre-pandemic levels, the number of mortgage products is 6,630 (45.2%)...
Okta Appoints Technology and Financial Services Veteran David Bradbury as Chief Security Officer
- 6 years 4 months ago
- People Moves
Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, has announced the appointment of David Bradbury as Chief Security Officer. Bradbury brings more than 20 years of security and engineering experience to Okta and will report directly to Todd McKinnon, Okta’s Chief Executive Officer and co-founder.
Temenos launches new SaaS propositions to help banks respond to Covid-19 while accelerating their digital transformation
- 6 years 4 months ago
- Covid-19, Open Banking, Banking
Temenos (SIX: TEMN), the banking software company, today announced the launch of eight propositions – using innovative Explainable AI (XAI) and cloud technologies – to help banks in their immediate response to the Covid-19 crisis. Temenos is supporting banks to ensure business continuity, enhance digital engagement to meet clients’ changing needs, and manage socioeconomic pressures. These Covid-19 propositions are immediately available worldwide...
Wirecard’s Boon enhances customer experience by collaborating with Vouchr to offer personalised cash gifting
- 6 years 4 months ago
- Payments
Wirecard, the global innovation leader for digital financial technology, has enhanced the customer experience of its mobile payment app, boon, by adding the capability to personalise cash gifts with meaningful media-rich messages and experiences. Collaborating with Vouchr, the creators of an engagement API for digital money, cash transfers can be transformed into highly engaging, fun and personalized experiences, which serve to drive customer...
Over Half of Tandem Customers Now Using Smart Autosavings Rules
- 6 years 4 months ago
- Banking
Tandem Bank is celebrating the one year anniversary of its intelligent Autosavings feature, which gradually and effortlessly builds an individual's savings account for them. More than half of Tandem Accounts are actively set up to use the feature, suggesting the tool has been an incredible success. Tandem’s goal was to help incentivise individuals to prioritize their savings whenever possible, and given the deteriorating state of global affairs...
New cryptocurrency 'CRO' to list on CoinDCX crypto exchange
- 6 years 4 months ago
- Cryptocurrencies
CoinDCX, India’s largest and safest cryptocurrency exchange and liquidity aggregator, announced that crypto payments pioneer Crypto.com will be listing its cryptocurrency CRO token on the CoinDCX exchange. It will be traded in two pairs CRO/BTC and CRO/INR. It means, Indian traders trading on the exchange can buy or sell CRO token in exchange of BTC (Bitcoin) or Indian Rupee. Following the successful listing of the MCO token on CoinDCX earlier...
Santander strengthens its international trade operations for SMEs with the completion of the investment in Ebury
- 6 years 4 months ago
- M&A Deals
Banco Santander announced today the completion of its purchase of a c.50.1% stake in Ebury, one of the best international payment, FX and international cash management platforms for SMEs, after obtaining all regulatory approvals from the required authorities. This transaction was announced in November 2019 and is part of the bank's digital strategy, providing SMEs with the necessary tools for their international expansion through global trade...
PPS Backs TIF’s #FinancialInclusionMatters Awareness Movement
- 6 years 4 months ago
- Payments
PPS, formerly PrePay Solutions, and subsidiary of Edenred, the everyday companion for people at work, has joined forces with newly launched Community Interest Company (CIC) The Inclusion Foundation (TIF), in a bid to help tackle financial exclusion in the UK.
Brits Withdrawing 60% Less Cash than this Time Last Year
- 6 years 4 months ago
- Covid-19
New online research published today by LINK, the UK’s main cash machine network, shows more consumers are turning to contactless and digital payments during the Coronavirus crisis, with almost three quarters (72%) suggesting the Coronavirus will affect their future use of cash.
TerraPay Announced the Recruitment of Six Senior Level Positions
- 6 years 4 months ago
- People Moves
In a welcome move, and against worldwide news of salary cuts and retrenchments, TerraPay today announced the recruitment of six senior level positions across North America, East-Africa, Middle-East and Asia, showing how the company is very well placed to combat the challenges posed during the current world crisis caused by the Covid-19 pandemic.
RegTech alliance to take the fight to fraudsters and money launderers
- 6 years 4 months ago
- RegTech
Leading RegTech companies, Kompli-Global and ComplyAdvantage have entered into a strategic partnership to take the fight to fraudsters and money launderers. Kompli-Global has just launched the most comprehensive remote corporate onboarding platform called Kompli-QED™ that offers the powerful combination of its own unique proprietary solutions alongside services from best in class third party providers.
Three in five likely to use digital banking offered by neobanks and challenger banks by 2025: Backbase Report
- 6 years 4 months ago
- Banking
Digital banking in the Asia Pacific (APAC) is set to be widely adopted with over three in five customers (63%) willing to make the switch to neobanks and challenger banks in the next five years, according to the Fintech and Digital Banking 2025 report by Backbase and IDC. The report also found that the region is expected to see 100 new financial institutions by 2025, ushered in by liberalization of several markets and issuance of new banking...
Ebury authorised to provide SME funding under Italian Government’s Coronavirus guarantee scheme
- 6 years 4 months ago
- Lending
Ebury is the first non-bank financial institution to be granted approval to provide SMEs with loans under the Italian government’s guarantee scheme “Garanzia Italia”*. The scheme, which is available to Italian businesses with less than 5,000 employees and €1.5 billion turnover, provides government guarantees to cover up to 90% of the loan value.
