FIS Research Reveals: Regulation is the Biggest Barrier to Digital Innovation for UK Financial Institutions

• 6 years 8 months ago
• Artificial Intelligence

New research released today by financial services technology leader FIS™ (NYSE: FIS) reveals that the greatest barrier to UK financial institutions developing digital products, services and operations is regulatory compliance risk. The findings are from FIS’ global Readiness Report, which shows that, by comparison, the biggest barrier to digital innovation for US firms is complex legacy IT systems, and overall cyber security risk was most...

WorldRemit Launched WorldRemit for Business Payments to Ghana

• 6 years 8 months ago
• Transaction Banking, Payments

Leading digital money transfer company WorldRemit (www.WorldRemit.com) has launched WorldRemit for Business (https://bit.ly/2wNtMPh), a new service that enables small and medium-sized business owners to quickly pay their employees and contractors in 140 countries worldwide, including fast-growing emerging markets such as Kenya, Ghana, and South Africa.

Registrations for the 4th Paybase Collaborative Workshop Now Opened

• 6 years 8 months ago
• Infrastructure

Registrations for the 4th 

CryptoCompare Launches Cryptocurrency Exchange Benchmark

• 6 years 8 months ago
• Cryptocurrencies, Data

CryptoCompare, the leading provider of cryptocurrency data and indices, today launched its first cryptocurrency Exchange Benchmark. The new product ranks over 100 active spot exchanges globally, offering investors and traders a comprehensive, granular and reliable source of information on the best trading venues.

SWIFT Pushes for Greater Automation in FX

• 6 years 8 months ago
• FX Contracts, Platform Technology

SWIFT is leading industry efforts to increase automation levels in the global FX market through better standards to help remove barriers that hinder the exchange of information and to enable straight through processing. The global FX market which trades in 180 currencies and in large volumes, cannot operate without high levels of automation, but obstacles remain that prevent it operating in the most efficient manner. With millions of...

OpenWay and Oracle to Redefine Digital Payment Processing in the Cloud

• 6 years 8 months ago
• Payments, Cloud

Legacy IT Systems Lose U.S. Lenders $407 Million Every Year, Reveals New Divido Research

• 6 years 8 months ago
• Banking, Alternative Finance

Divido, the multinational white label platform for point-of-purchase lending, has today released the findings of its latest research, The Global Lending Report. The report provides insights and trends into the future of the global point-of-sale lending market.

Beaxy Launches the First Digital Asset Exchange to Integrate Trading Technology Behind the World’s Largest Stock Markets

• 6 years 8 months ago
• Digital Identity, Trading Systems, Cryptocurrencies

 Beaxy Digital LTD, a full-service cryptocurrency trading platform, officially launches today, following a thorough development period of 24 months. With more than 60,000 pre-registered users, Beaxy is currently live to customers in 43 U.S. states and 185 countries.

Traydstream and Nokia, along with three of its advising banks, embark on a pilot ecosystem

• 6 years 8 months ago
• Trade Finance, Compliance

Traydstream, the machine learning-based trade rules and compliance-checking platform, is excited by a new pilot partnership with Finnish multinational exporter, Nokia Corporation and several of its major advising banks.   Orchestrated around an industry event in Finland earlier this year, Nokia was keen to pilot the Traydstream platform for a trail-blazing approach to improve the speed, efficiency as well as standardisation of their document...

Grasshopper Bank goes live with Temenos T24 Transact

• 6 years 8 months ago
• Banking, Cloud

Temenos (SIX: TEMN), the banking software company, today announced that Grasshopper Bank N.A., previously known as New York Venture Bank, has gone live with Temenos T24 Transact running on the Temenos Cloud. Temenos’ cloud-native, cloud-agnostic digital banking platform powers deposits, lending, commercial banking and payments, targeted at small and medium enterprises (SMEs) in the United States.

Sopra Banking Software and digi.me team up to help banks gain a competitive edge in today’s digital world

• 6 years 8 months ago
• Banking

Sopra Banking Software - a global leader in digital banking and financing software – today officially announces a new partnership with digi.me, the personal data security platform. Digi.me’s Private Sharing solution empowers individuals to own, control and securely share their personal data with third parties. This enables Sopra Banking Software’s bank clients to go one step further, offering consumers more tailored and suitable financial...

Visa B2B Connect Launches Globally

• 6 years 8 months ago
• Payments

Visa Inc. (NYSE:V) today announced the commercial launch of the Visa B2B Connect network, giving financial institutions an ability to quickly and securely process high-value corporate cross-border payments globally. The Visa B2B Connect launch will cover more than 30 global trade corridors, with an aim to expand to as many as 90 markets by end of 2019.

NICE Research Study Finds 91% of Contact Center IT Staff Consider Compliance Software Investments a Priority

• 6 years 8 months ago
• Cloud

NICE today announced the results of a new research study which found that 91% of respondents believe increasing contact center compliance software investment should be considered a priority in the next year. 83% of contact center professionals also said their organization’s efforts towards customer privacy and private data safety need to be improved.

StreamMind rolls out global confirmation payee solution for banks to comply with new Payment Systems Regulator’s code of practice

• 6 years 8 months ago
• Fraud Detection, Compliance, AML and KYC

StreamMind, a leading technology provider, announced the roll out in Europe of its solution to prevent bank transfer scams, a solution that allows a user to match an identity with bank account number. The solution enables the bank to comply with the recent proposal by Payment Systems Regulator to fully put confirmation of payee measures in place by 31st March 2020.

Desjardins Introduces a Strategic $45 Million Fintech Investment Pool

• 6 years 8 months ago
• Investment

Today, Desjardins announced a new fintech investment pool to support businesses that use innovative operational, technological or economic models to address existing or emerging issues. The strategic investment pool was developed exclusively for Desjardins Group to fund initiatives that stand to benefit its members and clients. The investment pool will be managed by Desjardins Capital, the private investment arm of Desjardins Group.   Through...