San Juan Mercantile Bank & Trust International Commences Banking Operations in Support of Digital Asset Trading
- 6 years 9 months ago
- Trading Systems
The San Juan Mercantile Bank & Trust International (SJMBT) announced today that it has received its first client deposit and commenced operations, following the bank’s receipt last month of its license to operate from Puerto Rico’s Office of the Commission of Financial Institutions (OCIF).
International Payments Specialist EBANX Launches Local Solution for Brazilian Websites
- 6 years 9 months ago
- Payments
EBANX, a global fintech company with Latin American DNA, which processes payments in LatAm to more than 1,000 international websites, is happy to announce the beginning local operations in Brazil. This is a soft launch of EBANX new business and the product is available to selected customers.
Finastra welcomes Sharon Doherty as Chief People Officer
- 6 years 9 months ago
- People Moves
Finastra today announced the appointment of Sharon Doherty, as Chief People Officer. Doherty joins from Vodafone, where she held the position of Global Organization and People Development Director. In her new role at Finastra she will have global responsibility for making Finastra the most loved and inclusive employer in the Fintech industry.
MOXY bank opts NYMBUS to Build D.C.'s Newest Bank in Decades
- 6 years 9 months ago
- Banking
NYMBUS, the world’s most advanced revenue and technology solutions company, today announced that MOXY bank has selected NYMBUS as the technology foundation for Washington, D.C.’s newest bank in 20 years and the DC, Maryland and Virginia region’s first financial institution in over a decade. NYMBUS’ digital-first product suite was selected by MOXY to rapidly meet, respond to and scale its business to handle and exceed today’s evolving financial...
Aite Group Recognizes Featurespace as "Best-in-Class" Technology
- 6 years 9 months ago
- Data Protection, Fraud Detection, AML and KYC
Aite Group, a global research and advisory firm, recognized Featurespace™ as Best-in-Class in its 2019 report on fraud and AML machine learning platform vendors (download a complimentary copy of the report here).
DTCC to expand Sponsored Service to bring greater capacity to the treasury market
- 6 years 9 months ago
- Treasury
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced its proposal to expand the Sponsored Service of its subsidiaryFixed Income Clearing Corporation (FICC) has been approved by the Securities and Exchange Commission (SEC). DTCC views this as the latest milestone in the transformation of the Treasury market.
Claims Management Companies enter FCA Regulation Today
- 6 years 9 months ago
- Compliance
The Financial Conduct Authority (FCA) begins regulating the claims management industry from today (1 April). All claims management companies (CMCs) in England, Scotland and Wales will now have to demonstrate they meet and maintain minimum standards set by the FCA. All existing and new CMCs will need to apply to the FCA for authorisation.
ValidSoft appoints Tom Hohman as US Vice President of Sales for the Central and Eastern regions
- 6 years 9 months ago
- People Moves
ValidSoft, a voice biometric and multi-factor authentication SaaS company today announced the appointment of Tom Hohman as Vice President of Sales for the central and eastern regions of the US.
Fourteen Banks and Financial Institutions Launch Drive to Develop Multi-trillion Dollar Trade as an Asset Class
- 6 years 9 months ago
- Trade Finance, Banking
Fourteen leading global financial institutions have launched a drive to use technology and standardisation for the wider distribution of trade finance assets. ANZ, Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation are among the banks backing the Trade Finance Distribution Initiative (TFD Initiative).
KHCB Adopts Token.io to enable its Open Banking Services
- 6 years 9 months ago
- Banking
Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in Bahrain, recently announced that it has partnered with Token.io as part of the bank's preparations to provide open banking services to its clients in compliance with the new regulatory requirements. Token is represented by Tarabut Gateway, a subsidiary of Almoayed Technologies licensed by the Central Bank of Bahrain (CBB).
FIME is ready for key EMV® Contactless Interface 3.0 migration
- 6 years 9 months ago
- Payments
FIME announced that its testing laboratories have been accredited by EMVCo for EMV®* Contactless Interface v3.0. Card, terminal, smartphone and wearable manufacturers can now align with EMVCo’s updated EMV Level 1 Specification. The enhanced specification addresses the latest interoperability and communication needs of EMV acceptance devices and contactless payment form factors.
RENO relies on full service from Concardis
- 6 years 9 months ago
- Payments
RENO Schuh GmbH is streamlining its payment processes and entrusting all payments taken in its bricks-and-mortar stores to Concardis. The Eschborn-based full-service payment provider is responsible with immediate effect for acquiring and network operation, hardware, payment processing and risk and credit control for RENO, along with interlinking all payment services and integrating them into the existing IT systems of Germany’s second-biggest...
Banks no Longer First Port of Call for Half of Britain’s SMEs
- 6 years 9 months ago
- Banking, Infrastructure
A new survey has revealed that the number of people who have considered going somewhere other than their bank for finance is on the increase. The insights come from a new survey conducted by business finance provider Growth Street. The firm canvassed more than 2,000 directors and employees of British SMEs in January 2019, following up from its inaugural survey in 2018. As hundreds of millions of RBS competition fund pounds are being distributed...
IoT Threats: Same Hacks, New Devices
- 6 years 9 months ago
- Security, Infrastructure
The internet of things explosion has proven controversial due to the insufficient security measures in many of these internet-connected devices. And a new report from cyber security provider F-Secure finds that threats and the number of attacks continue to increase, but still rely on well-known security weaknesses, such as unpatched software and weak passwords.
SAI Global Completes Acquisition of BWise® from Nasdaq
- 6 years 9 months ago
- Risk Management
SAI Global, a recognized leader of integrated risk management (IRM) solutions, today announced that it has completed its acquisition of BWise® from Nasdaq, Inc. (Nasdaq: NDAQ), forming one of the world's largest risk management and ethics learning businesses. Starting today, the combination of BWise's award-winning risk management, internal audit and regulatory compliance platform with SAI Global's industry-leading SAI360 risk and compliance...
