Token announces $15.7 million in Series A funding
- 8 years 1 month ago
- Payments
Token, Inc., a turnkey open banking platform provider that enables banks to generate revenue from PSD2, today announced $15.7 million in Series A funding from major investors including Octopus Ventures, EQT Ventures and OP Financial Group.
Russia’s Sovcombank implements psychometric scoring from FICO and EFL to increase credit portfolio
- 8 years 1 month ago
- Fraud Detection, AML and KYC, Data, Risk Management
Russia’s Sovcombank is using a new form of credit scoring to attract young people looking for their first credit card. The score, developed by Entrepreneurial Finance Lab (EFL) and marketed by Silicon Valley analytics firm FICO, uses an interactive online assessment to evaluate an individual’s credit risk. Sovcombank, a universal bank with more than 2 million customers, is using the score to “gamify” the credit application process.
Trafigura Taps AxiomSL as its Global Trade and Transaction Reporting Provider
- 8 years 1 month ago
- Trading Systems, Risk Management
AxiomSL, the global provider of regulatory reporting and risk management solutions announced today that Trafigura PTE Ltd, a leading commodity trading firm, will begin using AxiomSL’s platform for its global trade and transaction reporting. Trafigura has offices in thirty-six countries on six continents and has built world-class business by advancing trade – reliably, efficiently and responsibly.
Tikehau Capital Appoints Peter Cirenza as Head of Its London Operations
- 8 years 1 month ago
- People Moves
Tikehau Capital, a leading pan-European listed alternative asset management and investment firm today announced the appointment of Peter Cirenza as Head of its London operations, effective 24 April 2017. In this new role aimed at broadening the Company’s global leadership team, Peter Cirenza will be responsible for helping develop the firm’s private asset strategies (private debt, real estate, and private equity). He will be running the London...
IBM Unveils New Cognitive-Powered Cloud Offering for Marketers
- 8 years 1 month ago
- Cloud
IBM today announced IBM Watson Marketing Insights. Available on the cloud, Watson Marketing Insights has cognitive capabilities that can study the behavior of customers and reason how they might impact the success of the business.
Dovetail and IBM Sign Watson Partnership
- 8 years 1 month ago
- Liquidity, Payments
Dovetail, the provider of best-in-class payments and liquidity management solutions, today announced a global strategic partnership with IBM to offer Dovetail payment solutions in combination with IBM’s Watson Financial Services products.
India's BuyForexOnline Proceeds to B2B Arena
- 8 years 1 month ago
- Foreign Exchange, Infrastructure
Bengaluru based BuyForexOnline, the pioneer in the online Forex space, has announced the launch of a revolutionary new B2B Forex platform for Travel agents & Education Consultants.
Bombardier Announces Jeff Hutchinson as Chief Information Officer
- 8 years 1 month ago
- People Moves
Today, Bombardier Inc. announced the appointment of Jeff Hutchinson as Chief Information Officer, reporting to John Di Bert, Senior Vice President and Chief Financial Officer, Bombardier Inc. In this position, Mr. Hutchinson will be responsible for leading Bombardier's global IT, digital asset and cyber security functions. In this capacity, he will assume responsibility for establishing a strong portfolio of world-class IT strategies, services...
UK Online Card Spending Increased by a Quarter
- 8 years 1 month ago
- Payments
Internet spending has jumped by more than a quarter in the last two years, a new report analysing how the UK uses payment cards online reveals. Card spending on the internet totalled £154 billion in the UK in 2016, averaging £422 million a day, figures from The UK Cards Association show. This is a rise of 28 per cent since 2014, when online spending amounted to £120 billion. Analysis finds one in four card purchases online is on entertainment,...
OSPT Alliance Unveils New Membership Categories
- 8 years 1 month ago
- Infrastructure
Industry association, OSPT Alliance, today launches an ‘Affiliate’ membership category. This is open to all reader and terminal manufacturers, and system integrators active within the contactless market (for example transit, loyalty and access control) to assist the industry in its move towards the next generation of secure, cost-effective and open fare collection solutions. The new membership category has been established in response to...
Esma Advises Commission on Trade Repository Fees
- 8 years 1 month ago
- Infrastructure
The European Securities and Markets Authority (ESMA) has published today its final technical advice to the European Commission regarding supervisory fees for Trade Repositories (TRs) under the Securities Financing Transactions Regulation (SFTR).
BMO Harris Bank Collaborates with Chicago's 1871 on Fintech Mentorship Programme
- 8 years 1 month ago
- FinTech StartUps, Infrastructure
Today BMO Harris Bank announced a partnership with 1871, a leading technology and entrepreneurship ecosystem which is currently home to nearly 500 high-growth digital startups in the Merchandise Mart – that will provide a select group of FinTech startups the opportunity to participate in a three-month mentorship program. The program, called BMO Harris/1871 FinTech Partnership, will provide six selected startups with:
UBS Twint Mobile Payments App Becomes Available
- 8 years 1 month ago
- Payments
UBS Twint is now available in the Apple App Store and Google Play Store. The free app is ideal for everybody with a UBS account or a Swiss credit card of any kind: Twint payments are debited directly to your bank account or credit card.
Dolfin Selects Profile Software To Enable Fully Automated Operational Environment
- 8 years 2 months ago
- Investment Management, Wealth Management
Today Profile Software, an international financial solutions provider, revealed that Dolfin, a London-based investment firm, is managing its asset management operation with Profile’s award-winning platform, enabling a fully automated operational environment.
Visa Profits Jump in Q2
- 8 years 2 months ago
- Credit Cards
Today Visa Inc. announced financial results for the Company’s fiscal second quarter 2017, ended March 31, 2017. Fiscal Second Quarter 2017 Key Highlights:
