Hatstand launches Cybersecurity Risk Assessment to help strengthen businesses¹ Cyber risk governance programmes
- 9 years 4 months ago
- Security
Global capital markets specialist, Hatstand, announces the launch of its Cybersecurity Risk Assessment, which will enable businesses to better understand the current state of their preparedness against the risk of cyber attacks and identify any shortfalls within their existing governance programmes.
eBay Alternative Brings the Latest Gadgets to Consumers Worldwide
- 9 years 4 months ago
Cross-border shopping is the fastest growing branch of international e-commerce with unprecedented global demand for the latest products on the market. The U.S. retail market is the go-to place for the newest tech products, but there are still many barriers for international consumers.
allpay breaks through £1.5bn Direct Debit barrier
- 9 years 4 months ago
- Payments
Payment services specialist allpay is now collecting £1.59 billion per annum in Direct Debit payments, from 12.1 million transactions. With the total BACS Direct Debit transaction volume reaching 3.6 billion each year in the UK, allpay today represents a growing market share of the UK’s total Direct Debit market.
Hong Kong Airlines Joins Forces with AsiaPay and FEXCO Merchant Services to Launch MCP Payment Solution
- 9 years 4 months ago
- Payments
AsiaPay, the premier ePayment service and technology player in Asia and Hong Kong Airlines, the internationally-acclaimed Skytrax 4-star airline, have today announced a collaboration with FEXCO, the leading independent global provider of Dynamic Currency Conversion (DCC) and Multi-Currency Pricing (MCP) technologies which will see FEXCO's world class MCP solution offered to passengers of Hong Kong Airlines.
Worldpay enters Chinese software export market with Wondershare
- 9 years 4 months ago
- Payments, Infrastructure
Wondershare, the Chinese software industry’s largest exporter by volume, has chosen global payments leader, Worldpay, for its complete payments infrastructure. The move will help Wondershare to improve payment acceptance in its priority markets, underpinning its ambitious global expansion plans.
SME alternative finance now worth £76 billion a year
- 9 years 4 months ago
- FinTech StartUps
UK SMEs are now using £76 billion of alternative finance*, up 43% from £53 billion a year ago as banks continue to pull back from lending to smaller businesses, says Funding Options, the online business finance supermarket. Funding Options says that alternative lending to SMEs is now equivalent to 46% of the value of traditional term loans and overdrafts, which have fallen to £163 billion**. That represents a fall of 5% from £172 billion a year...
Bank Muscat Meethaq upgrades Islamic core banking system
- 9 years 4 months ago
- Islamic Finance
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, as part of continuous endeavour to provide world class services through the latest technology and innovation, has upgraded its core banking system, resulting in a host of cutting edge and first-of-its-kind Islamic banking services covering ATM/CDM, debit card and mobile banking for Meethaq customers. Meethaq now functions with the new iMAL Islamic core banking system.
Almost four in ten say they won’t need cash in ten years time as contactless proves popular for many
- 9 years 4 months ago
- Payments
43% of people look to contactless payments as the payment method of the future. Within the next five years, one in three (34%) expect to be using a mobile device on a day-to-day basis to make payments. By 2025, over one in five (22%) think they will be regularly using their fingerprint to pay for goods and services. The latest research from Lloyds Bank on the future of payments shows many people believe they won’t need cash in the near future...
Commercial lending and supply chain finance growth under biggest threat from non-bank players, finds Misys survey
- 9 years 4 months ago
- Banking
Banks believe that new digitally enabled supplier finance networks and alternative lenders now pose a significant threat to every part of the commercial lending business, according to a new survey conducted by Misys, the leading financial software company. Key findings from the survey include: · 68% cited small business lending as being under high threat · 61% see competitive pressure in supply chain finance product lines, such...
Basware Appoints Amabel Grant as UK managing director
- 9 years 4 months ago
- People Moves
Basware, the leading provider of e-invoicing and purchase-to-pay solutions, is accelerating the uptake of e-invoicing in the UK through a new senior appointment. Amabel Grant is joining Basware through the company’s acquisition of Procserve, the leading eProcurement software solution provider focused on the UK public sector. Grant’s new role will see her focused on improving the growth of Basware’s Commerce Network, particularly within the...
UK credit checking startup Ormsby Street launches in Italy
- 9 years 4 months ago
- Retail Banking
Fintech startup Ormsby Street has launched its innovative credit-checking tool CreditHQ in Italy, as part of a new partnership with one of Italy’s biggest and most-used banks.
Intelliflo delivers ‘need for speed’ enhancement with SanDisk’s Fusion ioMemory PCIe application accelerators
- 9 years 4 months ago
- Infrastructure
Intelliflo, the UK’s leading provider of web-based business management software, has invested in an enhancement to its Intelligent Office (iO) service that is delivering a 50 percent improvement in page response times for the majority of its 12,600 users. The enhancement, which went live in June 2015, combines key innovations from the latest Microsoft database technology with flash-based, Fusion ioMemory™ PCIe application accelerators to...
EagleEye Analytics Selected by Zurich Insurance Group for Trial Project
- 9 years 4 months ago
- Insurance
EagleEye Analytics, provider of the most advanced machine learning predictive analytics technology for insurance, has been selected by Zurich Insurance Company Ltd. to conduct a 14 month trial of EagleEye's Talon Predictive Analytics System for its global advanced analytics initiative. In an earlier Proof of Concept project, EagleEye worked with Zurich modelers in Brazil and Italy to prove the superiority of EagleEye's machine learning...
SimCorp Survey Reveals the Majority of Buy-Side Firms Are Processing Complex Swaps Manually
- 9 years 4 months ago
A recent survey released by SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has revealed that 44% of buy-side asset managers are relying on mostly or completely manual processes for managing complex swaps across the investment lifecycle. And more than 50% claim they still require some amount of manual intervention in a semi-automated process.
US behind UK in digital payments
- 9 years 4 months ago
- Payments
A new study from international payments engine Currency Cloud, reveals the majority of US businesses continue to battle major innovation hurdles when moving money across borders. Through a survey of US and UK finance professionals, Currency Cloud found the US has a lot to learn from its UK counterparts when it comes to international payments, with nearly half (47 percent) of US businesses still relying on old-fashioned paper checks. In contrast...
