Biometrics to become box-office in year ahead – Equifax comments
- 6 years 5 months ago
- Financial
Taking stock of the identity verification landscape, Keith McGill, Head of Fraud & ID at Equifax, expects rapid adoption of biometrics in 2020 as it enters the mainstream: “The biometrics industry has been at a crossroads, with verification technology solutions until now viewed as a roadmap item for many businesses, but as it enters the mainstream we expect adoption rates to accelerate.
New Digital Bank Vive Receives Banking Licence
- 6 years 5 months ago
- Retail Banking
New UK digital bank Vive has received a banking licence with restriction from the Bank of England. The new bank will be offering personal loans and a fixed-rate savings account and launching with with an Open Banking-based money management app. Vive is aiming to capture the underserved market of customers who struggle to access affordable credit.
Tencent and DST Global Pump $115 Million into Qonto
- 6 years 5 months ago
- Wholesale Banking, FinTech StartUps
French neobank Qonto has raised $115 million in Series C funding from Tencent and DST Global to double down on existing markets, develop new features to tailor its products to specific markets, and grow staff numbers from 200 to 300 during 2020. The online-only bank for SMEs, freelancers, and startups offers expense management, company card issuing and cash flow services to 65,000 accounts internationally. Earlier this month, the bank announced...
Central Banks Form Group to Explore Digital Currency Creation
- 6 years 5 months ago
- Cryptocurrencies
Six of the world's central banks have come together to share their knowledge and experiences in assessing the potential cases for central bank digital currency (CBDC) in their home jurisdictions.
WorldPay and Visa Back African Payments Firm Flutterwave
- 6 years 5 months ago
- Payments
Flutterwave, a payments startup operating in Africa, is looking to expand across the continent after closing a $35 million funding round and securing partnerships with Visa and WorldPay. With bases in Lagos and San Francisco, Flutterwave is one of several African fintech firms looking to cash in on the continent's drive to electronic payments. The company helps merchants accept payments both online and at the point-of-sale through a host of...
Thailand’s SEC Grants License to Crypto Exchange Platform Zipmex
- 6 years 5 months ago
- Cryptocurrencies
Asian cryptocurrency exchange platform, Zipmex, has gained the license to provide digital assets and exchange services in Thailand, following a 12-month wait. Headquartered in Singapore, the trading platform currently operates in Indonesia and Australia, standing at a current valuation of $18 million after having raised $5 million to date. The bitcoin trading license follows Zipmex's $3 million pre-Series A funding round just last September,...
Ignite Sales Achieves Record Growth, Entering 2020 with Momentum
- 6 years 5 months ago
- Financial, Consultancy
Ignite Sales, Inc., the financial industry leader in customer engagement technology, announced the company experienced an impressive year in 2019 in terms of growth, industry recognition, and product enhancements. As the financial industry focuses more intently on technology to drive outstanding customer engagement, financial institutions are recognizing that Ignite Sales’ highly developed and proven technology empowers bankers and their...
Computop Reveals New Payment Card Terminal at Euroshop Trade Fair
- 6 years 5 months ago
- Payments
Computop, a leading global payment processor, today announced that it will be exhibiting at Euroshop, the retail trade fair in Dusseldorf, Germany (February 16-20). The company will be showcasing its new, Android-based card terminal, Computop Next A920, providing demonstrations for visitors to the event.
Temenos helps new U.S. digital banks go live in 90 days with the most functionally rich and technologically advanced, front-to-back SaaS digital banking offering
- 6 years 5 months ago
- Banking
Temenos (SIX: TEMN), the banking software company, today launches a front-to-back banking software as a service designed uniquely for the US market – with pre-integrated U.S. banking products and services designed to deliver an outstanding customer experience. Leveraging the power of its Temenos Infinity and Temenos Transact banking products built on its modern cloud-native, cloud-agnostic and API-first technology, Temenos has developed the...
Google CEO Calls For AI Governance
- 6 years 5 months ago
- Artificial Intelligence
In a Sunday opinion column in The Financial Times (FT), Google and Alphabet chief executive officer (CEO) Sundar Pichai wrote about the importance of having government oversight regarding artificial technology (AI). “Growing up in India, I was fascinated by technology. Each new invention changed my family’s life in meaningful ways,” he wrote. Now that he is in the position to frame new tech advances, he said he believes that international...
Backbase Opens New APAC headquarters in Singapore
- 6 years 5 months ago
- Banking
Digital banking software provider, Backbase, has today announced the launch of its new regional headquarters in Singapore. Off the back of strong growth in the past few years, the regional centre in Singapore will strengthen its regional footprint to ensure greater proximity to clients and provide high-quality services and expertise to businesses in Asia Pacific (APAC).
Yolt celebrates two year anniversary of Open Banking by extending Yolt Pay feature to Monzo account holders
- 6 years 5 months ago
- Open Banking
Yolt, the smart thinking money app, has announced that one of its newest features, Yolt Pay, is now available to Monzo account holders.
Royal Bank of Scotland Has Appointed a New CRO
- 6 years 5 months ago
- Risk Management, People Moves
Royal Bank of Scotland has appointed Vanessa Bailey as chief risk officer (CRO) of its ring-fenced bank, it said in an announcement. She will be based in London. Vanessa Bailey Bailey was formerly interim chief risk officer, NatWest Markets, and assumed her new position on August 20. She will report to group chief risk officer Bruce Fletcher, and Ross McEwan, the chief executive of NatWest Holdings. The new role will also see her joining the...
Red Deer and Cappitech partner to offer a complete solution for MiFID II reporting, Best-Execution monitoring and MAR compliance
- 6 years 5 months ago
- Financial
Red Deer, the financial technology company dedicated to enhancing the performance of active investment managers, and Cappitech, a leading provider of regulatory reporting and intelligence solutions for the financial services industry, today announced a partnership to deliver a combined MiFID II and MAR compliance solution for investment managers.
UK Management Consulting Industry Grows By 8%
- 6 years 5 months ago
- Consultancy
The United Kingdom’s management consulting industry has grown by 8.3% last year, its second fastest rate of growth since the financial crisis. Although less optimistic than a year ago, three out of four UK consulting firms expect demand for management consulting services to increase in the next 12-24 months.
