Global payment company Verrency has announced the appointment of Dickson Chu to its global advisory board. Chu has held various leadership roles at companies including Paypal, Wells Fargo, Yahoo!,...
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New York-based financial services firm Better.com has announced that it plans to bring on board 5,000 veterans and military spouses by the year 2025. The FinTech startup will be...
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Eton Solutions, a wealth management technology firm has named Kevin Hayes as the new Chief Administrative Officer to lead the company’s growth strategy in the FinTech sector. Hayes, who...
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UK-based PayTech Wirex has launched a new Wirex Visa Travelcard at the Singapore FinTech Festival. The multicurrency travel card will empower customers across the APAC (Asia Pacific) region to...
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Chinese conglomerate Tencent Holdings Ltd. has acquired a minority stake in PolicyBazaar.com valuing the online insurance platform at $1.5 billion, business newspaper Economic Times reported citing person familiar with...
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myPOS, a European payment service provider, has announced the appointment of Jean Beaubois as its Chief Strategy Officer (CSO). The new hire previously supervised Investor Relations and M&A at...
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PULSE, a financial services company delivering debit/ATM networks has tapped the FICO Falcon Platform to deliver new fraud-detection services to its network of more than 4,100 debit issuers. PULSE will...
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Japanese internet banking giant SBI Holdings Inc and Fukushima Bank Ltd announced on Monday that they will form capital and strategic tie-up, with SBI taking a 17.91% stake in...
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Wirecard has entered into a partnership with HERE Technologies’ mobility unit HERE Mobility in a bid to develop a B2B2C payment and mobility services. “We are excited to enter...
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Nightfall AI, a cloud-native data loss prevention platform has raised $20.3 million in funding. The round was led by Bain Capital Ventures and Venrock along with the participation of...
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Singapore’s United Overseas Bank (UOB) has on Monday launched a financial planning solution, powered by artificial intelligence, according to media reports. The new solution named “Mighty Insights” will track...
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Multi-currency IBAN accounts provider, ONPEX has entered into a partnership with UK-based regulated eMoney institution AltPay in a bid to offer an enhanced selection of payment solutions to its...
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In October, the European Banking Authority (EBA) finally revealed the extended deadline for the migration to stronger customer authentication (SCA) under the revised Payment Services Directive 2 (PSD2) now set for 31 December 2020.
Read MoreTech is disrupting the conventional banking sector from back office core banking to customer-facing processes. Islamic banking is no different. Wael Malkawi, executive director at ICS Financial Systems (ICSFS), spoke with IBS Intelligence about how technology has disrupted Islamic banks in recent years.
Subscribe to read moreAt SIBOS 2019 in his View from the Top, Deutsche Bank CEO Christian Sewing outlined his aims for the bank's tech investment and what Europe at large needs to do to stay relevant in a tech-based future.
Read MoreGiven the strictures in the Quran about usury and the sharing of profit and loss, the development of a thriving Shariah compliant Islamic finance sector may seem inevitable. Indeed, the annual growth rate of Islamic finance has regularly outstripped the percentage growth rate in conventional finance. However, coming from a very low base, Islamic finance remains a small percentage of overall global financial assets and growth has slowed in recent years.
Subscribe to read moreBill Winters CBE was appointed group chief executive of Standard Chartered PLC in June 2015 and chief executive of Standard Chartered Bank in April 2019. Describing Standard Chartered as 'a mid-sized global bank', Winters said the bank has stepped up its investment in technology 'dramatically'.
Read MoreThese low-value tailored insurance products for individuals with little or small saving plans have seen a lot of success, growing at an average annual rate of 8-10%, especially within emerging and underdeveloped economies. However, sustainable future growth of this model of insurance requires a highly cost-optimised economic operation, large-scale adoption and quick resolution of claim payments, all of which rely heavily on technology to be successful.
Subscribe to read moreThis section is a monthly snapshot of activity in the banking technology system space. This is useful for anyone who wants to track banking system sales on a regular basis. The Who’s Bought What provides all the key details of the deal such as the bank that bought the system, the type of system, the supplier and the system name, and the country of sale.
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