Market News

The Royal Bank of Scotland (RBS) has been accused of leaving fake reviews of its new mobile banking app Bó in Apple’s store after several five-star reviews were published months before the app launch. The app was released on 27 November, and it featured a series of five-star reviews praising notifications and design. One review, […]Read More

DriveWealth has partnered with SBI Thai Online Securities (SBITO) to enable investors in Thailand have access to the U.S. stock market and participate in fractional share trading. SBITO launched SBITrade USA to facilitate trading for local investors. FusionIQ, a leading investment research and technology provider, has also partnered with SBITO to design the white-label front-end […]Read More

The Reserve Bank of India has announced a 24×7 National Electronic Funds Transfer (NEFT) system from December 16, 2019, onwards with the first settlement being notified by the RBI to take place after 00:30 hours on December 16, 2019. The directive has been issued under Section 10(2) read with Section 18 of the Payment and […]Read More

Cyberhaven has announced the close a $13 million Series A funding round and the launch of the Data Behavior Analytics (DaBA) solution. The round was co-led by Vertex Ventures and Costanoa Ventures, with participation from Crane Venture Partners and other investors. In Sik Rhee, General Partner at Vertex Ventures will join Cyberhaven’s board, according to […]Read More

First Eagle Investment Management LLC and THL Credit Advisors LLC have entered into a definitive agreement for First Eagle to acquire THL Credit. An alternative credit manager, THL has approximately $17 billion in assets under management as of September 30, 2019. The acquisition is expected to complement First Eagle’s alternative credit platform, solidifying its place […]Read More

Starling Bank has announced the addition of a new legal services partner Sparqa Legal to its Marketplace in a bid to enable its users to access legal services through the application. Andrew Thornton, CEO of Sparqa Legal and a barrister at Erskine Chambers said, “At Sparqa Legal, we passionately believe that armed with the right […]Read More

Mortgage lender PrimeLending Inc has zeroed in on Total Expert to empower their loan officers with a marketing automation solution. “Total Expert was a clear choice, giving our loan officers a tremendous advantage to drive business and capture market share while strengthening PrimeLending’s position as the premier home for the modern originator,” Cheryl Hayes, Senior […]Read More

Paris-based risk management solutions provider, Murex has entered into an agreement with the National Bank of Kuwait (NBK) in a bid to allow the bank to integrate its legacy IT systems at Group Treasury and Investments with the supplier’s MX.3 platform. According to the supplier, the MX.3 will provide NBK with a solution for trading, […]Read More

Barclays has opened a new world-class campus in Pune, India, intending to bolster the company’s global network. The Pune campus is reportedly the largest single location outside Barclays’ global headquarters in London. It is expected to enhance innovation support and ensure increased integration of operations and technology services in India, thereby leading to greater value […]Read More

Russian digital bank, Tinkoff has announced the launch of a ‘super-app’ that is capable of catering to the users’ financial, leisure or lifestyle needs. The bank states that the new addition combines the components of its ecosystem and is expected to be an enhanced version of Tinkoff’s mobile app offering. According to the bank, the […]Read More

SIMON Markets LLC ­­has announced the expansion of its digital platform to empower financial professionals to navigate through indexed annuities to better serve their clients. The company has partnered with Prudential Financial Inc to reshape how financial professionals use annuities for retirement planning. The first product of the alliance is Prudential’s PruSecure, a fixed indexed […]Read More

MoneyThing, a UK-based P2P lender, is closing down. The firm has announced that it is in orderly wind-down and is no longer taking any new investments or new customers. A statement on the lender’s website said: “We have found it is increasingly difficult to compete in the current market conditions and we expect there is […]Read More

With the Indian government’s effort to push UPI (unified payment interface) for all kind of payments, debt collection through this channel is also on the rise. At present, one in five payments, for repaying credit, is done via UPI as compared to almost negligible a year ago, according to a report by new-age digital debt-collection […]Read More

Axiom Product Administration has launched a dedicated technology services subsidiary, Axiom Connected Technology LLC to focus on the digital transformation of the automotive, FinTech and InsurTech industries. The new business entity brings together new and existing connected platforms to help automotive customers, OEMs, administrators, underwriters and dealers deliver technology to digitally interact through a connected […]Read More

SimCorp has announced a collaboration with Bank of New York Mellon Corporation with an aim to connect the bank’s custody offerings such as settlement, safekeeping, and cash and securities services with its investment management system, SimCorp Dimension. The partnership is expected to provide mutual clients with benefits including enhanced operational efficiency, transparency in core investment […]Read More