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London-based Alternative Derivatives Exchange (ADE) announced today the appointment of David Hardy as its Chairman. The new Chairman will be responsible for maintaining the company’s standards of service and...
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Coinbase has announced that the company now supports OmiseGO (OMG) at Coinbase.com and in the Coinbase Android and iOS apps. Its standalone, independently-capitalized business Coinbase Custody has announced the...
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Greenpro Capital, a multinational conglomerate with a portfolio of businesses, announced that it has entered into a non-binding Letter of Intent with First Bullion Holdings and its subsidiaries (First...
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Financial institutions (FIs) in Singapore will be allowed to reopen more customer service locations from June 2, 2020. This will be carried out with strict safety management requirements in...
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Cyprus-based machine learning, verification and authentication platform, AU10TIX announced the launch of INSTINCT. The platform is autonomous and anonymous and has been developed to enhance fight against synthetic identity...
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FinTech firm FNZ, the global platform-as-a-service provider, has announced that the firm has signed a deal with South African FinSwitch, a “transaction switch” linking participant in the investment industry...
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The Bank for International Settlements (BIS) announced the appointment of Bénédicte Noella Nolens as head of the BIS Innovation Hub Centre in Hong Kong SAR for a three-year term...
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UK-based capital markets software firm, genesis has announced the appointment of Nick Kolba as its Global Head of Platform. The new hire will be responsible for delivering the company’s...
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California based Experian, committed to helping protect, understand, and improve credit has announced the launch of Sure Profile, a breakthrough solution to fight against synthetic identity fraud. Sure Profile...
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The People’s Bank of China (PBC) and State Administration for Market Regulation (SAMR) signed a Memorandum of Cooperation on Data Sharing, with the aim to promote orderly data transfer...
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A UK-wide study conducted by Pod Group, a platform, software and connectivity services provider, has unveiled that 73% of the UK business leaders believe that the COVID-19 pandemic will...
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Sydney-based Raiz Invest, a micro-investing app, has announced that it will offer investors exposure to the Bitcoin cryptocurrency with the launch of its 7th investment portfolio that will have...
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Boston based FinTech startup Airfox has announced that the company is joining Via Varejo, one among the largest retailer in Brazil serving 60 mn customers through nationwide retail chains...
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Russia-based VTB Bank has announced a technology partnership with Skolkovo Foundation. The partnership is expected to facilitate the development of VTB’s research centre at the Skolkovo Innovation Center in...
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Sydney-based Westpac has introduced changes in the home loan repayments to give customers more flexibility during the novel COVID-19 pandemic. Last week, the bank announced the appointment of Les...
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Irish blockchain platform, we.trade has announced a collaboration with IBM in a bid to enhance and speed up the global commercialisation of the platform. The platform also announced that...
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Monzo’s co-founder Tom Blomfield has decided to step down from his role as CEO in order to become the challenger bank’s first president. Blomfield told TechCrunch he has considered...
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New York-based Haven Life, wholly-owned by Massachusetts Mutual Life Insurance Company (MassMutual), offering an online solution for buying affordable and dependable life insurance has announced that the company is rolling...
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European InsurTech, INSTANDA has appointed of Steven Haasz as its Partnerships and European Accounts Director. The new hire will be responsible for accelerating the company’s European expansion and enhance...
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FinTech startup KOHO, offering Canadians an alternative to their traditional banking experience, has announced its partnership with Canadian tech startup Hyr that provides simplified in-app staffing solutions. Under the...
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Visa has mentioned that it has seen early signs of global contactless payments growth as consumers and businesses increasingly seek digital options for everyday purchases. While this is being...
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Russia-based Yandex.Checkout today announced the launch of Split Transaction, a new solution for marketplaces and online platforms. The company states that the new solution will automatically split money between...
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Financial services technology provider FIS has announced that the FinTech is supporting U.S. states and territories under the U.S. Government’s Families First Coronavirus Response Act (FFCRA) to deliver required...
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FCA today announced proposals to support customers struggling to pay their mortgages amidst COVID-19. The new proposal covers the options that firms need to provide customers who are coming...
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Cargill Australia, a provider of grain, oilseeds and other agricultural commodities, used the new Bolero International Galileo trade finance platform to accelerate a canola oil shipment to China, thereby...
Read MoreIBS Journal of the Month
The FinTech sector has risen to the challenge of the Covid-19 pandemic, responding to customer needs and filling gaps in services that may not otherwise have been addressed in the short and medium term. The impact of Covid-19 and of lockdowns around the world has forced many businesses to rethink their strategies and the FinTech sector, in particular, has received a lot of attention in recent weeks, with some actors seeing a significant rise in business activity even though whole economies have been shut down. Sub-segments such as lending, digital banks, wealth management and digital payments have witnessed massive traction globally.
Read MoreThere has been much hype and speculation about open banking's disruptive credentials, here Paul Dignan investigates how holistic API management is the key to unlocking open banking's vast potential. Open banking is essentially the practice of sharing financial information electronically, securely, and only under conditions that customers approve of. Chatter about open banking persists because it is can be a significant innovation catalyst, enabling better user experiences, streamlining lending, automating accounting, and pioneering new payment options. Asia is already enthusiastically embracing the concept, buoyed by a slew of countries digitalising in real-time, a large base of tech-savvy consumers and digital payment platform ubiquity.
Subscribe to read moreGovernments around the world are offering aid businesses in distress but are government-backed Covid-19 lending schemes being hobbled by old tech? Governments across the world are offering financial aid and loans through different schemes to companies large and small but getting access to the schemes has proven a struggle due to the volume of applications. In the UK, data from the British Chambers of Commerce (BCC) suggested that in mid-April, only 1.4% of businesses enquiring about the government’s Coronavirus Business Interruption Loan Scheme (CBILS) for SMEs had been successful in receiving a grant while figures from UK Finance suggested that the figure is even lower at 0.65%.
Read MoreIn March 2020 Path Solutions announced that it had achieved the Microsoft Gold Partner Competency for Data Analytics, demonstrating a best-in-class ability and commitment to meet Microsoft customers’ evolving needs in today’s mobile-first, cloud-first world, and distinguishing itself within the Microsoft partner ecosystem. The same month, Mohammed Kateeb, group chairman & CEO of Path Solutions was named by ISLAMICA 500 as one of the world’s Top 50 distinguished personalities who have made a major impact on the Islamic economy again this year. This marked the fifth time that Kateeb has received this peer recognition, placing him among the leaders who have built and pioneered the Islamic economy and Halal industry.
Subscribe to read moreMore resources are being set aside by banks as the Fundamental Review of the Trading Book (FRTB) looms large. large part of banks’ preparation involves them balancing their capital between the standardised approach (SA) and the internal model approach (IMA). For smaller banks, the costs of infrastructure requirements for the IMA in terms of systems, data and processes wouldn’t be justified compared to the lower capital requirements they could achieve with IMA compared to SA. The SA calculations also have some synergies with risk calculations for other regulations, such as the upcoming Initial Margin (IM) requirements.
Read MoreOpen banking started to become the new buzzphrase in banking circles in 2015 when the UK government started laying out timelines for technology to change the world of banking forever. Airbnb, Uber, Amazon: three companies, three very different industries, three major disruptions. The last decade has seen massive transformations in customer experiences and interactions. Now, the next big revolution is here and it’s happening in the world of banking. While conventional retail banking has been transforming itself over the last few years, the Coronavirus is expediting the whole process.
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.
Read MoreUS FinTech companies are expanding from payments into digital lending and vice versa while financial institutions are actively working on enhancing their digital offerings. The FinTech industry in North America continues to evolve in 2020, with ever-increasing investments pouring into startups, established FinTech companies rethinking their strategy and incumbent financial institutions speeding up technology developments. Significant developments have been underway since 2019 where various FinTech companies are expanding from payments into digital lending and vice versa, and financial institutions are actively working on offering more services through their digital channels.
Subscribe to read moreIBS Intelligence-Market Leader in FinTech News, Research and Consulting
Established in 1991, IBS Intelligence (IBSI) is the definitive source of independent news, analysis & research relating to global financial technology markets. IBSI's three-pronged FinTech approach is what gives strength to the firm and its clients. Its Editorial Team in London and Mumbai tracks important industry events as they happen, and in many cases leads the story. The Research Team updates the research material, daily and monthly, through active industry engagement and secondary research. This along with Cedar and IBSI's consulting team has over 30 years of experience in assisting banks develop and execute FinTech strategy, bringing real world insights to its research.
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IBSI's website provides extensive daily coverage of in-depth news & analysis of events globally. The website provides the latest FinTech news, expert views and opinions, analysis, events and more. There is also the IBSI podcast section that showcases conversations between its editorial team and industry experts on various FinTech topics.
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IBS Intelligence is pretty much the only pure FinTech research firm. With over 350 FinTech research reports covering 250+ FinTech suppliers, covering all major banking technology systems (including new age FinTech) - IBSI basically has it covered. Which is why leading research providers such as Thomson Reuters, Capital IQ and Bloomberg, have selected IBSI to be on their platforms available to their clients.
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- Robotic Process Automation in Financial Services Report
- CyberSecurity in Financial Services Report
- Global Cloud Banking Strategies Survey Report
- Payments and Card Systems and Suppliers Report
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IBS Intelligence has under its belt several bespoke FinTech consulting projects that have provided valuable insights to a global mix of tier one banks and banking technology companies. Engagements typically include, feature & price benchmarking, market size & forecasting, amongst others. IBSI team is also able to provide insights over a call via our expert call/analyst call offering.
