Ally, Discover, MassMutual, and TransUnion Among 25 New Members Joining the Financial Data Exchange
- 6 years 6 months ago
- Security, Financial
The Financial Data Exchange (FDX) welcomed 25 new members between August 1 and December 31, 2019, bringing the total membership to 82 organizations that have committed to collectively transitioning to a modern, transparent and secure data sharing approach. Since its launch in October 2018, FDX has more than tripled its membership.
Old Mission Secures FINRA Approval to Launch New Institutional Services Business
- 6 years 6 months ago
- Trading Systems
Old Mission Holdings (“Old Mission”), a global, multi-asset class market-making firm, today announced that the Financial Industry Regulatory Authority, Inc. (FINRA) has approved a brokerage license modification for its Old Mission Markets subsidiary. The change will enable Old Mission Markets to begin offering trading services directly to buy-side institutions and ETF issuers later this year, complementing the firm’s existing market-making...
The Housing Bank for Trade & Finance – Bahrain to Complete 2-weeks Assessment and Training Sessions on ICS BANKS’ latest features
- 6 years 6 months ago
- Banking, Islamic Finance
ICSFS conducted a two-week intensive assessment and training sessions that were held at the Housing Bank for Trade and Finance (HBTF) in Manama, Bahrain. The assessment and training attendees were from HBTF senior executives, where the program covered the latest features of ICS BANKS Core Banking including front and back office branch operations services, Remittances, Credit Facility & Risk Management, Trade Finance, latest Lending products...
Finastra strengthens its position in Israel with new office opening
- 6 years 6 months ago
- Investment Management, Cloud
Finastra is investing further in Israel with a new office in Kfar Saba, just outside Tel Aviv. The office, which is home to over 330 employees, offers more space for the Finastra team to grow as the company strengthens its position in the country, and provides an ultra-modern workspace to inspire creativity and facilitate collaboration.
Form3 opens up direct access to SEPA Instant payment scheme to nonbank financial institutions with Ebury as the first customer
- 6 years 6 months ago
- Payments, Cloud
Form3, the leading cloud-native, payment technology provider have announced that they will provide direct access to the SEPA Instant payment scheme for Ebury. This will be the first solution in Europe that allows direct scheme access for non-banks like FinTech’s and regulated financial institutions, while using Barclays as their liquidity provider.
MYHSM and OpenWay Rethink Payment Security in the Cloud
- 6 years 6 months ago
- Cloud, Security
A growing number of banks and processors are choosing to adopt a cloud architecture for their payment solution. This is especially relevant for greenfield projects where a company launches a new business line or creates test environments. In such cases, a cloud installation can offer significant cost savings and reductions in implementation time. However, the major cloud service providers do not offer payment HSMs as a service. Most of the...
Axel Maier joins Fintech company MDOTM to accelerate international Business Development
- 6 years 6 months ago
- People Moves
MDOTM, the fintech startup that uses artificial intelligence to develop investment strategies to support banks, wealth and asset managers, keeps on growing, expanding its team with Axel Maier who joins as Global Business Development Strategist.
New industry research finds AI, robotics and automation will be central to the future of financial services
- 6 years 6 months ago
- Banking
A majority (55%) of banking and wealth management professionals view Artificial Intelligence (AI), robotics and automation as the most significant developments that will shape the future of the global financial services industry. According to new industry research1 by Swiss fintech Avaloq, additional key developments include the increasing use of more open and collaborative platforms (cited by 34%), and the rise of distributed ledger...
Lothian Pension Fund Streamlines its Investment Management Processes with Charles River IMS
- 6 years 6 months ago
- Investment Management
Lothian Pension Fund, the Edinburgh-based local government pension scheme provider, has completed the implementation of the Charles River Investment Management Solution (Charles River IMS) to help strengthen its investment processes and provide capacity for expansion of its third-party services.
Fintech company Ohpen enters pension market through partnership with TKP
- 6 years 6 months ago
- Banking, Core Banking
Today, TKP Pensioen and core-banking provider Ohpen announce their cooperation in the DC pensions sector. With this move, the pension administrator is looking to realise its ambitions in this area, while for Ohpen the partnership will allow it to enter the pensions market. Both parties expect a great deal from this win-win situation.
Nets Teams Up with Bankify in Open Banking Partnership
- 6 years 6 months ago
- Payments
Bankify, a Finnish fintech company, and Nets, a leader in the payments industry, have entered into a strategic partnership that enables Bankify’s customers to consume Bankify’s services through Nets’ Open Banking platform. Under the terms of the partnership, Nets customers will also have easy access to Bankify’s portfolio of microservices via the platform.
32 Consulting Firm Named Finalists For MCA Awards 2020
- 6 years 6 months ago
- Consultancy
The Management Consultancies Association has announced its finalists for the 2020 edition of its annual awards ceremony. A total of 32 firms have been short-listed for the 12 project-orientated prizes, as well as a gong for Best New Consultancy.
One In Five People Could Have Access To Central Bank Digital Currencies Within Three Years
- 6 years 6 months ago
- Cryptocurrencies
Central banks collectively representing a fifth of the world's population say they are likely to issue a general purpose digital currency in the next three years, according to a survey from the Bank for International Settlements.
Bank of England Opens Bidding For Cloud Partner
- 6 years 6 months ago
- Cloud
The Bank of England is seeking a cloud build partner as part of of its One Bank Service Transformation strategy. The UK central bank says it requires "an experienced partner to assist in design, construction and assurance of a modern, fit for purpose cloud environment." The targeted length for the new contract is two years. The central bank was hauled over the coals by a Common Select Committee in March last year, in a searing critique of its...
Visa Joins $80m Currencycloud Funding Round
- 6 years 6 months ago
- Payments
London-based B2B cross-border payments outfit Currencycloud has raised $80 million in a Series E funding round joined by blue-chip investors such as Visa, BNP Paribas and Siam Commercial Bank.
