PayPal Sells US Consumer Loans to Synchrony Financial
- 8 years 3 months ago
- M&A Deals
PayPal Holdings, Inc. and Synchrony Financial announced an agreement to significantly expand their strategic consumer credit relationship. Under the terms of the transaction, Synchrony Financial will acquire $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables portfolio, which totaled approximately $5.8 billion in receivables as of October 31, 2017, and approximately $1 billion in participation interests in...
AxiomSL Named “Most Innovative Use of a Vendor Solution to Address a Dodd-Frank Requirement” in 2017 RegTech Awards
- 8 years 3 months ago
- Data, Risk Management
AxiomSL, the leading global provider of regulatory reporting, risk and data management solutions, today announced it is a recipient of the 2017 RegTech Awards for “Most Innovative Use of a Vendor Solution to Address a Dodd-Frank Requirement.” This is the inaugural year for the RegTech Awards, which are hosted by the A-Team Group of Data Management Review.
IHS Markit Named Best Data and Information Provider and Best Valuation Service for Hard-to-Value Assets
- 8 years 3 months ago
- Data
IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that it was recently named Best Data and Information Provider and Best Valuation Service for Hard-to-Value Assets at the 2017 Alternative Credit Intelligence European Services Awards.
Barclays warns UK faces most fraudulent online Christmas ever
- 8 years 3 months ago
- Security, Fraud Detection
This Christmas looks set to be the UK’s most fraudulent ever for online shoppers, according to new data from Barclays1. With fraud and scams becoming increasingly sophisticated, and with record numbers getting ready to do their Christmas shopping online, Barclays is warning of a perfect storm for seasonal online theft.
CQG Announces Strategic Leadership Changes to Support CQG China Launch
- 8 years 3 months ago
- Data
CQG has had a focused effort to add China to its global network of data and execution. With the imminent launch of this initiative, the firm announced today that Rod Giffen, President, CQG, has relocated to China and will serve in the newly created position of President, CQG APAC. Ryan Moroney will return to CQG to assume the new role of President, CQG Europe and the Americas.
Metavine’s Crowd Machine Unveils Their Vision For The Next Evolution of Blockchain
- 8 years 3 months ago
- Blockchain
Craig Sproule, a veteran developer, and the Metavine Lab responsible for the highly sophisticated Metavine Genesis™ product, have today unveiled a prototype for the next evolution of blockchain and the creation of fully decentralized applications called
EON Testnet Was Successfully Updated
- 8 years 3 months ago
- Blockchain
Exscudo is happy to announce the beginning of Stage One of EON blockchain testing! Testnet is the early version of EON, flexible new generation blockchain created by Exscudo. When EON blockchain testnet was launched on October,4 the functionality available for the public testing was limited. Only the peers run by Exscudo developers were accepted by the net. Users could launch the peer, make transactions but the blocks they generated did not...
Financial IT Partnered with Arena International Announces the Upcoming Retail Banker International Asia Trailblazer Summit and Awards 2018
- 8 years 3 months ago
- Banking
Retail Banker International Asia Trailblazer Summit and Awards is in its 9th year for 2018 and is being hosted by the renowned publication ‘Retail Banker International’ (RBI). RBI has, for the past 35 years, been the only global editorially independent retail banking briefing service. RBI’s Asia Trailblazer is a highly anticipated event for 2018 as it will provide a platform for strategic executives to evaluate avenues for growth and innovation...
Financial services firms unable to innovate as technologists lack boardroom influence, warn IT leaders in new report
- 8 years 3 months ago
- Artificial Intelligence, Blockchain
Technology departments in financial services firms are unable to innovate with technologies like Artificial Intelligence and Blockchain because they have lost influence in boardrooms, according to leading Information Technology (IT) executives working in the financial sector.
CTI Tax Solutions by IHS Markit Digitizes Tax Validation and Due Diligence Processes
- 8 years 3 months ago
- Artificial Intelligence
IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced the launch of new optical character recognition (OCR) and artificial intelligence (AI) functionality to digitize the tax validation and due diligence process. The integration of these new capabilities is available through CTI Tax Solution’s Mandatory Document Due Diligence (MD3®) and Common Reporting Standard (CRS) due diligence modules.
InvestCloud Adds Financial Apps to Digital Platform
- 8 years 3 months ago
- Cloud
InvestCloud Inc., a global FinTech firm, has released two new lines of financial apps to run on its digital platform. InvestCloud Gray digitizes client interactions, providing a modern and flexible platform that is affordable for any wealth manager. InvestCloud Neon enables wealth managers and financial institutions to automate trading, accounting and middle-office workflows, creating a new era in portfolio management that is secure, accurate...
The New Dataiku: A Central Hub for Enterprise Analytics, Machine Learning, and Data Science
- 8 years 3 months ago
- Data
With a wide range of new and improved features aimed at making data science, machine learning, and advanced analytics accessible to organizations as a whole, data science software maker Dataiku has today released Dataiku 4.1.
Citizens National Bank Rolls Out BancWorks Employee Intranet
- 8 years 3 months ago
- Banking
Banc Intranets, a provider of secure, web-based enterprise content management solutions for financial institutions, announced that Citizens National Bank (Meridian, Miss.) is leveraging its BancWorks employee intranet to centralize access to bank information for its more than 330 employees.
Lithuania and Singapore Forge Fintech Pact
- 8 years 3 months ago
- Infrastructure
Invest Lithuania and Singapore FinTech Association today signed a landmark financial technology ("fintech") innovation agreement at the 2017 Singapore FinTech Festival, signifying deeper bilateral economic relations as both republics seek to enter each other's regional markets.
Blockchain breakthrough ING launches Zero-Knowledge Range Proof
- 8 years 3 months ago
- Banking
ING Bank announced today the initial release of its Zero-Knowledge Range Proof (ZKRP) solution at the inaugural Enterprise Ethereum Alliance Event in Amsterdam. The technology signals a major addition to blockchain technology and will help overcome one of the biggest obstacles to financial services in using blockchain technology: improving confidentiality in a public ledger. The ZKRP solution has been internally developed by the ING blockchain...
