Managers of Wealth - Fintech http://fintech-news.net/ Sun, 21 Jul 2019 08:07:26 BST part of MediaG8way Group http://fintech-news.net/ http://fintech-news.net/assets/images/logo.png Managers of Wealth - Fintech KohanaPHP FNZ Acquires Wealth Management Software Firm Mitzi Limlengco Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54282/fnz-acquires-wealth-management-software-firm The significant acquisition consolidates the combined FNZ-JHC group’s position as the most reliable and trusted technology provider to the UK wealth management and broking platform sector Wealth Technology Ping An-Backed Wealth Manager Exits P2P Lending News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54284/ping-an-backed-wealth-manager-exits-p2p-lending This includes the reporting of the flow of funds between various parties and accounts, online deposits and having an accounting system with well-defined and standardized fund deposit clearing. Wealth Technology Ping An-Backed Wealth Manager Exits P2P Lending News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54285/ping-an-backed-wealth-manager-exits-p2p-lending Lufax, formerly Shanghai Lujiazui International Financial Asset Exchange, is valued at about $39.4 billion and Ping An Insurance was reportedly seeking to buy back $12 billion in shares in June, signaling confidence. Wealth Technology Abu Dhabi regulator sets up framework for robo-advisers Mitzi Limlengco Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54254/abu-dhabi-regulator-sets-up-framework-for-robo-advisers Framework will promote fairness, accountability and transparency in the use of alogorithm-based tools Wealth Technology Swiss Firm Seeks Wealth Disruption News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54263/swiss-firm-seeks-wealth-disruption The company doesn't want to be known as a robo adviser: Dufour is a digital wealth manager, the trio insists, whose digital investment capabilities include thorough and personal advice process. Wealth Technology Digital wealth managerlaunches in Singapore with $5.2m in seed funding News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54229/digital-wealth-managerlaunches-in-singapore-with-52m-in-seed-funding The CMS licence is required for companies that wish to conduct regulated activities under the Securities and Futures Act, such as dealing in capital markets products. Wealth Technology The Impact of Technology on the Delivery of Wealth Management in Asia News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54233/the-impact-of-technology-on-the-delivery-of-wealth-management-in-asia We see the fundamental driver for technology as expanding customer expectations Wealth Technology The potential of digital assets in wealth management News Aggregation Team Tuesday, July 16, 2019 1:00 am http://fintech-news.net/article/54215/the-potential-of-digital-assets-in-wealth-management Digital assets are slowly but surely carving out a place for themselves in the modern portfolio. But just how indispensable are they? Wealth Technology MiFID II support tool for wealth managers unveiled Mitzi Limlengco Tuesday, July 16, 2019 1:00 am http://fintech-news.net/article/54217/mifid-ii-support-tool-for-wealth-managers-unveiled The portal extracts data from a manager’s system daily and also brings all a client’s financial information together in one place. Wealth Technology Vietnam's VinaCapital buys Singapore robo-advisory platform News Aggregation Team Tuesday, July 16, 2019 1:00 am http://fintech-news.net/article/54223/vietnamamp039s-vinacapital-buys-singapore-robo-advisory-platform Fund to help Smartly crack more Southeast Asian investment markets Wealth Technology Simmons Bank names Carriles as chief digital officer News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54277/simmons-bank-names-carriles-as-chief-digital-officer We are eager for our customers to experience the impact of his talent through our digital offerings. Executive Moves Ex-Pru Financial Planning director joins digital adviser News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54237/ex-pru-financial-planning-director-joins-digital-adviser Mr Coleman said: “As a director of advice businesses I have observed Wealth Wizards’ Turo Financial Planning technology with envy for some time now. Executive Moves Societe Generale's Former Head of Global Markets Joins Fintech Ana Hall Tuesday, July 16, 2019 1:00 am http://fintech-news.net/article/54211/societe-generaleamp039s-former-head-of-global-markets-joins-fintech New senior appointment for the fintech platform dedicated to quantitative investment strategies Executive Moves REYL Group announces new appointment Mitzi Limlengco Tuesday, July 16, 2019 1:00 am http://fintech-news.net/article/54216/reyl-group-announces-new-appointment In his new role, he will continue the Bank’s transformation and automation efforts Executive Moves RCBC names Cebuano as new prexy News Aggregation Team Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54187/rcbc-names-cebuano-as-new-prexy Before he was appointed as the president of RCBC, Acevedo held senior leadership positions in three banking organizations: Citibank, Citicorp International Ltd. and Philippine National Bank. Executive Moves Martin Gilbert set to assume chair of Revolut News Aggregation Team Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54199/martin-gilbert-set-to-assume-chair-of-revolut Digital bank aims to strengthen governance and win over investors Executive Moves Ex-CEO of UBS joins Sygnum News Aggregation Team Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54194/ex-ceo-of-ubs-joins-sygnum Luka Müller-Studer, Sygnum chairman & co-founder: "Wuffli's experience and knowledge will play an important role in successfully driving our next phase of development and will be instrumental in further reinforcing our efforts to build Executive Moves Deutsche Bank hires group CIO Mitzi Limlengco Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54195/deutsche-bank-hires-group-cio He joins from AQR Capital Executive Moves Liechtensteinische Landesbank appoints Avaloq CIO Ana Hall Friday, July 12, 2019 1:00 am http://fintech-news.net/article/54160/liechtensteinische-landesbank-appoints-avaloq-cio He will assume his new role in October 2019 Executive Moves Fidelity Digital Assets Is Hiring 10 More Blockchain and Trading Experts News Aggregation Team Thursday, July 11, 2019 1:00 am http://fintech-news.net/article/54162/fidelity-digital-assets-is-hiring-10-more-blockchain-and-trading-experts The most senior position to be filled is that of a leading solution architect with a rank of vice president, who will be serving as a chief technology officer for the digital assets unit. Executive Moves Crypto Payments to Receive a SWIFT-like Network Lead by Japanese Govt News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54270/crypto-payments-to-receive-a-swift-like-network-lead-by-japanese-govt A SWIFT-like network to enter the crypto payment arena. The project lead by Japenese Government focuses to bring in some anti-money laundering regulation. Legal,Regulation,Tax & Compliance EBA publishes Report on regulatory perimeter, regulatory status and authorisation approaches in relation to FinTech activities Mitzi Limlengco Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54273/eba-publishes-report-on-regulatory-perimeter-regulatory-status-and-authorisation-approaches-in-relation-to-fintech-activities As to authorisation approaches, the EBA found that proportionality and flexibility principles are applied in the same way by competent authorities Legal,Regulation,Tax & Compliance Western Union Teams With UK’s Post Office To Digitize Global Payments News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54279/western-union-teams-with-ukamprsquos-post-office-to-digitize-global-payments This collaboration marks an expansion of our strategy to open our platform to new alliances and solve the complexities of cross-border, cross-currency transactions for companies.” Legal,Regulation,Tax & Compliance Innovative new law opens Guernsey up to Artifical Intelligence News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54281/innovative-new-law-opens-guernsey-up-to-artifical-intelligence Essentially, it gives electronic agents the authority to form, create, execute and terminate contracts without the input of humans, and makes it clear that the validity of any such contractual exchange will not be denied due to the use of an electronic ag Legal,Regulation,Tax & Compliance Bank boards to pay heavily for cybercrimes in new regulations by CBK News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54253/bank-boards-to-pay-heavily-for-cybercrimes-in-new-regulations-by-cbk "Payment Service Providers (PSPs) should carry out regular independent assessment and audit functions that shall be undertaken by the internal and external audit and risk functions … The board of directors is ultimately responsible for the cyb Legal,Regulation,Tax & Compliance Combating financial crime Ana Hall Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54257/combating-financial-crime 3 focus areas for banks to achieve more effective and efficient customer due diligence Legal,Regulation,Tax & Compliance UK, Dutch Authorities Bust €24 Million Cryptocurrency Theft News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54262/uk-dutch-authorities-bust-ampeuro24-million-cryptocurrency-theft Six suspects allegedly used ‘typosquatting’ to target over 4,000 victims in 12 countries. Legal,Regulation,Tax & Compliance G7 finance ministers look to rein in tech giants at French meeting News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54230/g7-finance-ministers-look-to-rein-in-tech-giants-at-french-meeting The issue has become more vexed than ever in recent days as Paris defied U.S. President Donald Trump last week by passing a tax on big digital firms’ revenues in France despite a threat from him to launch a probe that could lead to trade tariffs. Legal,Regulation,Tax & Compliance The future of regulation: AI for consumer good by Christopher Woolard News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54240/the-future-of-regulation-ai-for-consumer-good-by-christopher-woolard Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at The Alan Turing Institute's AI ethics in the financial sector conference (link is external). Legal,Regulation,Tax & Compliance Treasury bars early access to pension money News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54243/treasury-bars-early-access-to-pension-money The move will be a shocker to those who lose their jobs before they are 55-years-old. It will also stop employees — mostly millennials — who do not have a long-term view of employment, from accessing the pension billions. Legal,Regulation,Tax & Compliance China Merchants Bank Selects Wolters Kluwer's OneSumX for Regulatory Reporting Ana Hall Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54280/china-merchants-bank-selects-wolters-kluweramp039s-onesumx-for-regulatory-reporting This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in 30 countries. Retail Tech Lloyds turns to Optal for B2B payments Kris Borres Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54249/lloyds-turns-to-optal-for-b2b-payments Lloyds Bank Commercial Banking clients will be able to use the highly secure payments system to improve supplier relations through the option to offer earlier payment. Retail Tech Standard Chartered becomes 1st foreign bank licensed at GIFT IFSC News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54288/standard-chartered-becomes-1st-foreign-bank-licensed-at-gift-ifsc Standard Chartered will become the first foreign bank to launch operations at the International Financial Services Centre located in GIFT City. Retail Tech Checking in with recently launched digital bank Hello Paisa News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54232/checking-in-with-recently-launched-digital-bank-hello-paisa Regardless of its short time on the market though, Hello Paisa was recently able to claim a place among the inaugural Inclusive Fintech 50 list, which recognised organisations addressing financial inclusion across the globe. Retail Tech Guaranty Trust Bank’s sharpened focus is a boon to its digitalisation drive News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54246/guaranty-trust-bankamprsquos-sharpened-focus-is-a-boon-to-its-digitalisation-drive Banks are embracing new digital technologies at breakneck speed Retail Tech 5 Pivotal Retail Banking Technology Trends for 2020 and Beyond News Aggregation Team Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54180/5-pivotal-retail-banking-technology-trends-for-2020-and-beyond Research by The Economist Intelligence Unit (EIU) for Temenos finds that coping with new technology is the top concern of retail bankers, ahead of changing consumer behavior, political and economic instability and dealing with bad loans, among other facto Retail Tech Top Thai Bank’s Digital Platform to Drive Loan Growth Surge News Aggregation Team Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54181/top-thai-bankamprsquos-digital-platform-to-drive-loan-growth-surge Expects near eight-fold increase in lending via mobile app Retail Tech Infosys Finacle digitises Standard Bank’s African branches News Aggregation Team Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54197/infosys-finacle-digitises-standard-bankamprsquos-african-branches Tellers can now offer personalised services on the go and service multiple customer requests from a single window. Retail Tech Thailand's biggest bank invests in ride-hailing unicorn Go-Jek News Aggregation Team Friday, July 12, 2019 1:00 am http://fintech-news.net/article/54148/thailandamp039s-biggest-bank-invests-in-ride-hailing-unicorn-go-jek Siam Commercial Bank eyes fintech connection with fast-growing local app Retail Tech DBS named World's Best Bank by Euromoney, a first for an Asian bank News Aggregation Team Friday, July 12, 2019 1:00 am http://fintech-news.net/article/54150/dbs-named-worldamp039s-best-bank-by-euromoney-a-first-for-an-asian-bank The bank's latest award follows two other honours last year. Retail Tech Bitcoin craze hits Iran as US sanctions squeeze weak economy News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54274/bitcoin-craze-hits-iran-as-us-sanctions-squeeze-weak-economy The Bitcoin craze has made the front pages of Iranian newspapers and has been discussed by some of the country’s top ayatollahs Bitcoin, Blockchain & AI Crypto custodian MetaVault expands into the Isle of Man News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54276/crypto-custodian-metavault-expands-into-the-isle-of-man MetaVault co-founder Justin Short said: "The decision to expand into the Isle of Man was a logical step in our business growth strategy. Bitcoin, Blockchain & AI Crypto firm sets sights on Finma licence News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54251/crypto-firm-sets-sights-on-finma-licence Bitcoin Suisse currently has 125 tradable crypto assets available. Bitcoin, Blockchain & AI Japan to lead development of SWIFT network for cryptocurrency: source News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54258/japan-to-lead-development-of-swift-network-for-cryptocurrency-source It remains unclear how the cryptocurrency network would work. Bitcoin, Blockchain & AI Capgemini launches new AI services based on Microsoft Azure to accelerate the business impact of AI at scale Mitzi Limlengco Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54265/capgemini-launches-new-ai-services-based-on-microsoft-azure-to-accelerate-the-business-impact-of-ai-at-scale In the industrial context, by launching AI for Operations Intelligence using Azure IoT, Capgemini is helping manufacturers to create an integrated AI-powered data and insights foundation Bitcoin, Blockchain & AI Participants of intl. blockchain event hope to see Bahamians become more digitally competitive News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54267/participants-of-intl-blockchain-event-hope-to-see-bahamians-become-more-digitally-competitive Equity Bank, CryptoChicks Hackathon furthering blockchain in The Bahamas Bitcoin, Blockchain & AI Why Big Governments And Central Banks Want To Kill Libra And Bitcoin News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54241/why-big-governments-and-central-banks-want-to-kill-libra-and-bitcoin This happened to much smaller money market funds (that “broke the buck”) during the financial crisis, so it could easily happen here.” Bitcoin, Blockchain & AI Nearly 70 per cent of companies in Asia-Pacific don’t trust blockchain technology, survey says News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54247/nearly-70-per-cent-of-companies-in-asia-pacific-donamprsquot-trust-blockchain-technology-survey-says Respondents to an Ernst & Young poll said they needed to know the risks and benefits of blockchain Bitcoin, Blockchain & AI Thai wealthtech Jitta to expand to Singapore and India News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54248/thai-wealthtech-jitta-to-expand-to-singapore-and-india Startup will invest in AI in hope of providing better returns for users Bitcoin, Blockchain & AI Blockchain can speed up Asia’s clean energy transition. Here’s how News Aggregation Team Tuesday, July 16, 2019 1:00 am http://fintech-news.net/article/54204/blockchain-can-speed-up-asiaamprsquos-clean-energy-transition-hereamprsquos-how Renewable energy is not readily available to buy off the grid in many countries. Bitcoin, Blockchain & AI Uber-izing Banks News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54275/uber-izing-banks Will banks have an Uber moment? Mobile Banking Asia's best digital bank 2019: Citi News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54252/asiaamp039s-best-digital-bank-2019-citi Beyond consumer, digital innovation is also instrumental in institutional, corporate and wealth businesses, and helped the TTS team win the transaction services award this year Mobile Banking Stanbic bank unveils digital banking News Aggregation Team Tuesday, July 16, 2019 1:00 am http://fintech-news.net/article/54221/stanbic-bank-unveils-digital-banking Naigembe added: “This also provides the opportunity for customers to deposit any amount onto their account remotely using our ATMs, cash deposit machines, agents and mobile money.” Mobile Banking StanChart launches digital bank in Zim News Aggregation Team Tuesday, July 16, 2019 1:00 am http://fintech-news.net/article/54222/stanchart-launches-digital-bank-in-zim By digitalising the entire banking experience, customers will be able to enjoy simple, secure, and affordable banking anytime, anywhere. Mobile Banking Open Banking – looking beyond regulatory compliance News Aggregation Team Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54185/open-banking-ampndash-looking-beyond-regulatory-compliance Banks should know that the engineers building global platforms will be most upset if they are faced with every bank doing their own thing – they will go to fintechs or do it themselves rather than wrestle with hundreds of different banking APIs Mobile Banking JPMorgan Launches A Robo-Adviser For Passive Investors News Aggregation Team Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54201/jpmorgan-launches-a-robo-adviser-for-passive-investors Under this service, it will include users into an investment portfolio composed of its exchange-traded funds (ETF) for an annual fee of 0.35% or 35 basis points of the assets, which is the annual advisory fee. Mobile Banking 90% of people in UAE use digital banking Ana Hall Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54203/90-of-people-in-uae-use-digital-banking The same studies also show that many UAE residents use mobile phone banking, including those who use online banking services. Mobile Banking Virgin Money Spot is taking on Snapscan in South Africa - and it already has 400,000 users News Aggregation Team Friday, July 12, 2019 1:00 am http://fintech-news.net/article/54167/virgin-money-spot-is-taking-on-snapscan-in-south-africa-and-it-already-has-400000-users Andre Hugo, CEO of Virgin Money South Africa, told Business Insider South Africa that the platform has gathered over 400,000 users since its launch in February 2018 Mobile Banking The future of banking News Aggregation Team Thursday, July 11, 2019 1:00 am http://fintech-news.net/article/54129/the-future-of-banking The new digital bank licences mark the next chapter in Singapore’s banking liberalisation journey. Mobile Banking StanChart launches new phone-based bank solution News Aggregation Team Thursday, July 11, 2019 1:00 am http://fintech-news.net/article/54136/stanchart-launches-new-phone-based-bank-solution The SC Keyboard recently launched in Kenya, Uganda, Ghana, and Tanzania. The solution is a first for the bank in Africa and will be rolled out to Botswana, Zambia, Zimbabwe and Nigeria throughout the rest of the year. Mobile Banking Tensions between US-China over trade, technology ‘persistent’, could last for years, BlackRock says News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54269/tensions-between-us-china-over-trade-technology-amplsquopersistentamprsquo-could-last-for-years-blackrock-says Trade war weighing on confidence in capital expenditure and manufacturing, according to the BlackRock Investment Institute Comment & Analysis “DARQ” technology and disruptive M&A: gearing up for the “post-digital era” News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54283/ampldquodarqamprdquo-technology-and-disruptive-mampampa-gearing-up-for-the-ampldquopost-digital-eraamprdquo The main questions related to this “post-digital shift” are; what is next, and how can companies get ahead? One possible answer appears to be “DARQ” technology, acquired through transactions with disruptive technology companies. Comment & Analysis ‚ÄčNordic roundup: Alecta ramps up robotics ahead of 2023 ITP bid News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54289/nordic-roundup-alecta-ramps-up-robotics-ahead-of-2023-itp-bid In the first half of 2019, the pension fund said its defined contribution (DC) product Alecta Optimal Pension generated a return of 11.8%, while its defined benefit (DB) product returned 8.5%. Comment & Analysis Technology alone won’t save you - IRESS Mitzi Limlengco Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54238/technology-alone-wonamprsquot-save-you-iress Don’t fear change, fear the absence of it. Comment & Analysis Why Millennials In Africa Are Turning To Bitcoin News Aggregation Team Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54198/why-millennials-in-africa-are-turning-to-bitcoin Just like a millennial in other parts of the world, their smartphones are loaded into their skinny jeans or within easy reach at all times – and so are their Luno bitcoin wallets. Comment & Analysis The GCC's smallest island is attracting startup attention News Aggregation Team Sunday, July 14, 2019 1:00 am http://fintech-news.net/article/54170/the-gccamp039s-smallest-island-is-attracting-startup-attention The tiny nation – the smallest in the GCC – is punching well above its weight Comment & Analysis Incoming President of the European Central Bank Calls Crypto ‘Disruptive’, Ripple and Circle ‘Helpful’ News Aggregation Team Sunday, July 14, 2019 1:00 am http://fintech-news.net/article/54174/incoming-president-of-the-european-central-bank-calls-crypto-amplsquodisruptiveamprsquo-ripple-and-circle-amplsquohelpfulamprsquo Lagarde will replace Mario Draghi as president of the ECB on November 1. She has been elected by representatives of 28 European countries. Comment & Analysis Data beyond the desktop by Iress Andro Bautista Friday, July 12, 2019 1:00 am http://fintech-news.net/article/54161/data-beyond-the-desktop-by-iress We bring direct connectivity from 16 data centres Comment & Analysis Iress named Best Market Data Provider Ana Hall Friday, July 12, 2019 1:00 am http://fintech-news.net/article/54163/iress-named-best-market-data-provider The awards, hosted by Goodacre, recognise outstanding suppliers of services and systems to the regulated financial services sector. Comment & Analysis Deutsche will not be the last victim of the automation wave News Aggregation Team Friday, July 12, 2019 1:00 am http://fintech-news.net/article/54165/deutsche-will-not-be-the-last-victim-of-the-automation-wave Investment banks are having to spend billions just to try to keep up Comment & Analysis Pan-American Life turns to Fiserv for AML tech Kris Borres Tuesday, July 16, 2019 1:00 am http://fintech-news.net/article/54220/pan-american-life-turns-to-fiserv-for-aml-tech The company selected Fiserv to provide a comprehensive AML solution that accommodates country-specific regulations and reporting requirements. Cyber Security Why AI Is The Future Of Cybersecurity News Aggregation Team Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54179/why-ai-is-the-future-of-cybersecurity Capgemini found that as digital businesses grow, their risk of cyberattacks exponentially increases Cyber Security Taming the Wild West: insuring the emerging offshore digital assets industry Mitzi Limlengco Monday, July 08, 2019 1:00 am http://fintech-news.net/article/54088/taming-the-wild-west-insuring-the-emerging-offshore-digital-assets-industry Digital asset businesses also proved attractive to those looking to exploit an undeveloped regulatory environment Cyber Security Solving the cyber security riddle for wealth management firms News Aggregation Team Monday, July 08, 2019 1:00 am http://fintech-news.net/article/54089/solving-the-cyber-security-riddle-for-wealth-management-firms 78 per cent of small businesses and 92 per cent of mid-sized businesses say cyber security is a priority for them. Cyber Security Cybercrime now enterprise grade News Aggregation Team Sunday, July 07, 2019 1:00 am http://fintech-news.net/article/54084/cybercrime-now-enterprise-grade Attacks on enterprise are becoming cheaper and easier for agents to execute, writes BRIAN PINNOCK, cybersecurity expert at Mimecast Cyber Security Emirates NBD teams up with Dubai Police to raise cybersecurity awareness News Aggregation Team Tuesday, July 02, 2019 1:00 am http://fintech-news.net/article/53998/emirates-nbd-teams-up-with-dubai-police-to-raise-cybersecurity-awareness The two-minute video starts with a male customer calling the bank asking for help after his entire account was wiped out after receiving an email that he has to rectify his payment issue by sending his bank details and password. Cyber Security What banks can do to secure systems from cyberattacks News Aggregation Team Tuesday, July 02, 2019 1:00 am http://fintech-news.net/article/54016/what-banks-can-do-to-secure-systems-from-cyberattacks Cyberattacks, mostly targeting payment systems, are now one of the most powerful threats, with more than 82 per cent of the companies having been targeted, according to a recent AFP research. Cyber Security How safe is our personal information? News Aggregation Team Monday, July 01, 2019 1:00 am http://fintech-news.net/article/53990/how-safe-is-our-personal-information The service agreements we sign with banks, internet providers and cellular companies allows them to collect a huge amount of our personal data. Cyber Security Fraudsters also prefer digital banking News Aggregation Team Friday, June 28, 2019 1:00 am http://fintech-news.net/article/53958/fraudsters-also-prefer-digital-banking Online banking consumers must beware of phishing e-mails that request you click on a link. Cyber Security Kenya's Safaricom launches fraud intelligence solution curb cybercrime News Aggregation Team Wednesday, June 26, 2019 1:00 am http://fintech-news.net/article/53922/kenyaamp039s-safaricom-launches-fraud-intelligence-solution-curb-cybercrime He revealed that the solution works across the three channels including USSD, internet banking and smartphone apps. Cyber Security SEI Study Uncovers the Impact of Advisor Biases on Client Outcomes Andro Bautista Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54287/sei-study-uncovers-the-impact-of-advisor-biases-on-client-outcomes It's important for advisors to understand risk along two dimensions Research Three global fintech innovations that created real value News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54290/three-global-fintech-innovations-that-created-real-value In each of the following examples, let’s consider how various companies identified real problems their customers faced and created a series of solutions. Research How Wealth Managers Are Using Technology To Understand Their Clients Better News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54259/how-wealth-managers-are-using-technology-to-understand-their-clients-better Almost half (45%) of wealth managers said that financial guidance from data analysis—and insights from the use of AI—will help them refine the advice they give to clients. Research Think China’s data is an unbeatable AI advantage? A new report says otherwise News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54260/think-chinaamprsquos-data-is-an-unbeatable-ai-advantage-a-new-report-says-otherwise The research comes as the US and China, competing on so many economic and cultural fronts, are locked in a rivalry over AI technologies Research Who will write the wealth industry’s future: Big banks or robo advisors? News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54266/who-will-write-the-wealth-industryamprsquos-future-big-banks-or-robo-advisors To be sure, Stein’s corner of the market has become crowded as even more firms add digital advice platforms. Research More than one in 10 firms losing over $10 million due to cyberattacks - RESEARCH Ana Hall Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54228/more-than-one-in-10-firms-losing-over-10-million-due-to-cyberattacks-research New survey highlights dramatic increase in cyber threats across the globe Research Changing attitudes about cyber security Kris Borres Tuesday, July 16, 2019 1:00 am http://fintech-news.net/article/54213/changing-attitudes-about-cyber-security Companies should embed a risk-based mindset across every level of their organization. Research Mobile Money Transfers to Exceed 200 Billion Transactions in 2024 Mitzi Limlengco Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54192/mobile-money-transfers-to-exceed-200-billion-transactions-in-2024 Social payments are highly appealing to younger users Research ESMA publishes report on the licencing of FinTech firms across Europe test Ana Hall Sunday, July 14, 2019 1:00 am http://fintech-news.net/article/54173/esma-publishes-report-on-the-licencing-of-fintech-firms-across-europe-test The Report addresses one of the five action points of the European Commission FinTech Action plan, namely ESMA’s mandate ‘to map current authorising and licensing approaches for innovative FinTech business models in Europe’. Research Is banking security in Africa holding fintech back? News Aggregation Team Friday, July 12, 2019 1:00 am http://fintech-news.net/article/54166/is-banking-security-in-africa-holding-fintech-back Most of this fraud was put down by the agency to bogus calls which make individuals think they’re talking to their bank, and, of course, phishing emails. Research How banks can take a new look at SMEs News Aggregation Team Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54278/how-banks-can-take-a-new-look-at-smes The UK has lost almost two thirds of its bank branches in the last 30 years. Innovation & Startups Stifel Launches Venture Banking & Lending Group Ana Hall Friday, July 19, 2019 1:00 am http://fintech-news.net/article/54286/stifel-launches-venture-banking-ampamp-lending-group Stifel offers senior secured loans up to $40 million for working capital and growth capital needs, with the ability to syndicate larger opportunities. Innovation & Startups UBS launches Future of Finance Challenge contest for the region in Singapore News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54256/ubs-launches-future-of-finance-challenge-contest-for-the-region-in-singapore These solutions need to address specific challenges in transforming banks, and also the future of finance. Innovation & Startups The Chinese Startup that Changed the Definition of a Bank News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54264/the-chinese-startup-that-changed-the-definition-of-a-bank Employees pass facial recognition screens when entering the open layout room Innovation & Startups Temenos announces strong Q2 2019 with total software licensing growth of 21% News Aggregation Team Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54268/temenos-announces-strong-q2-2019-with-total-software-licensing-growth-of-21 Second quarter 2019 results. Innovation & Startups New FinTech space opens in Hong Kong Kris Borres Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54231/new-fintech-space-opens-in-hong-kong The space was launched with the aim of enhancing services for fintech entrepreneurs. Innovation & Startups Technology spend is shifting from the CIO to the business News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54244/technology-spend-is-shifting-from-the-cio-to-the-business Organisations are dispersing their IT spend because “there is no longer business strategy and technology strategy, it’s simply strategy with technology driving it,” explained Steve Bates, KPMG’s global leader for CIO services Innovation & Startups Goldman Sachs invests €25 million in German fintech Raisin Ana Hall Tuesday, July 16, 2019 1:00 am http://fintech-news.net/article/54212/goldman-sachs-invests-ampeuro25-million-in-german-fintech-raisin The new injection of capital follows the fintech’s recent series D round of €100 million. Innovation & Startups The FCA is to launch a new platform to replace Gabriel Mitzi Limlengco Tuesday, July 16, 2019 1:00 am http://fintech-news.net/article/54218/the-fca-is-to-launch-a-new-platform-to-replace-gabriel Gabriel is our main regulatory data collection system, facilitating the collection of over 500,000 submissions annually, across 120,000 users and 52,000 firms. Innovation & Startups City's Leading Systems and Service Providers Announced Kris Borres Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54177/cityamp039s-leading-systems-and-service-providers-announced The business broadcaster Michael Wilson presented the iconic SITC FinTech ‘Blue-Plaques’ to all winners which included William Rouse, of Dion Global Solutions; Jane Boorman, of JHC; and John Motley, of IMVS. Innovation & Startups Temenos completes acquisition Kris Borres Thursday, July 18, 2019 1:00 am http://fintech-news.net/article/54261/temenos-completes-acquisition The combination of Logical Glue’s award-winning XAI platform and Temenos, offers banks the most advanced next-generation explainable AI banking products Trading Platforms UK fintech firm acquires German investment platform Kris Borres Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54236/uk-fintech-firm-acquires-german-investment-platform Will continue with its strategy to become the leading digital financial services partner in Germany, through sustained investment in technology and customer service. Trading Platforms Japan FSA, CFTC Agree to Mutually Recognise Derivatives Platforms News Aggregation Team Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54178/japan-fsa-cftc-agree-to-mutually-recognise-derivatives-platforms Chairman Giancarlo said the order follows an “outcomes-based approach”, meaning the regulatory framework in Japan was found to achieve comparable regulatory outcomes, though it may not be identical to the CFTC’s own framework. Trading Platforms Blockpass Announces First-Use KYC Services to Hong Kong Brokers in Partnership with 2GoTrade Ana Hall Friday, July 12, 2019 1:00 am http://fintech-news.net/article/54156/blockpass-announces-first-use-kyc-services-to-hong-kong-brokers-in-partnership-with-2gotrade Blockpass has continued to add a number of new partnerships and integrations in recent months, including Waves, Tokenomica, Ethfinex, Polymath and Beam amongst others. Trading Platforms How to find great collaboration between fintech and banks News Aggregation Team Friday, July 05, 2019 1:00 am http://fintech-news.net/article/54063/how-to-find-great-collaboration-between-fintech-and-banks All of us were convinced that simply put, most Fintech are eager to collaborate, and only very few have a model that can sustainably go in direct competition with banks WITHOUT any partnership with any other bank. Trading Platforms CAIS Announces Recipient of the Inaugural 2019 CAIS Game Changer Award Kris Borres Wednesday, July 03, 2019 1:00 am http://fintech-news.net/article/54036/cais-announces-recipient-of-the-inaugural-2019-cais-game-changer-award Baird's Dayna Kleinman Honored for Outstanding Innovation Furthering Alts Adoption Trading Platforms West Yorkshire Pension Fund chooses Linedata Optima to drive digital transformation Mitzi Limlengco Tuesday, June 25, 2019 1:00 am http://fintech-news.net/article/53909/west-yorkshire-pension-fund-chooses-linedata-optima-to-drive-digital-transformation Growing operational complexity and expanded regulatory requirements are increasing the need for LGPS managers Trading Platforms Instantor launches tech education platform News Aggregation Team Monday, June 24, 2019 1:00 am http://fintech-news.net/article/53875/instantor-launches-tech-education-platform “Identifying these findings prompted us to launch the educational platform to contribute to the United Nations Quality Education Goals for Sustainable Development,” says Instantor CMO, Raiha Buchanan. Trading Platforms JP Morgan partners with StatPro Ana Hall Monday, June 24, 2019 1:00 am http://fintech-news.net/article/53891/jp-morgan-partners-with-statpro This offering will provide J.P. Morgan clients access to StatPro’s award-winning Portfolio Analytics platform, StatPro Revolution, alongside J.P. Morgan’s market-leading Fixed Income Benchmark Indices. Trading Platforms UAE first to launch UN-developed anti-money laundering platform Kris Borres Sunday, June 23, 2019 1:00 am http://fintech-news.net/article/53867/uae-first-to-launch-un-developed-anti-money-laundering-platform The UAE is the first to launch the goAML platform in the GCC Trading Platforms Deutsche Bank cuts tech spend as rivals ramp up digital News Aggregation Team Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54239/deutsche-bank-cuts-tech-spend-as-rivals-ramp-up-digital Even with the digital revolution in finance accelerating, technology budget for German lender that cut 18,000 jobs in revamp this month is a fraction of US banks' investments Hedge Fund Technology Robotics in hedge fund administration Mitzi Limlengco Wednesday, July 17, 2019 1:00 am http://fintech-news.net/article/54242/robotics-in-hedge-fund-administration Jon Hugill, Group Chief Information Officer, and Hein Gericke, Senior Manager – SA Fund Valuation and Accounting, give an update on robotics process automation (RPA) which Maitland has now extended to hedge fund administration. Hedge Fund Technology Aquis aeons away from disrupting Europe’s IPO market News Aggregation Team Monday, July 15, 2019 1:00 am http://fintech-news.net/article/54196/aquis-aeons-away-from-disrupting-europeamprsquos-ipo-market Nex purchase likely to be the money pit it was for previous owners Hedge Fund Technology Standard Chartered launches digital banks and social banking solution in Africa News Aggregation Team Tuesday, July 09, 2019 1:00 am http://fintech-news.net/article/54101/standard-chartered-launches-digital-banks-and-social-banking-solution-in-africa “The growing population of Africa is demanding faster and more convenient banking and it has been very rewarding to witness increased acceptance and growing demand for our digital products across the continent. Hedge Fund Technology Crypto Ponzi Scheme Says It Has ‘No Cash to Pay out’ to Upset Investors News Aggregation Team Tuesday, July 09, 2019 1:00 am http://fintech-news.net/article/54111/crypto-ponzi-scheme-says-it-has-amplsquono-cash-to-pay-outamprsquo-to-upset-investors Bitcoin Wallet founder Sphelele “Sgumza” Mbatha admitted to the Ladysmith Gazette on Saturday that he doesn’t have any more cash to pay out to clients. Hedge Fund Technology White paper calls for hedge funds to spend more on automation Mitzi Limlengco Monday, July 08, 2019 1:00 am http://fintech-news.net/article/54087/white-paper-calls-for-hedge-funds-to-spend-more-on-automation Truss Edge has been operating in the hedge fund market for 20 years. Hedge Fund Technology Banque Française Mutualiste selects SAB AT as its new core banking system News Aggregation Team Wednesday, July 03, 2019 1:00 am http://fintech-news.net/article/54025/banque-franampccedilaise-mutualiste-selects-sab-at-as-its-new-core-banking-system The SAB AT platform, which is widely used in France, will support the bank’s customer management Hedge Fund Technology Allfunds acquires Zurich-based fund research business Mitzi Limlengco Wednesday, July 03, 2019 1:00 am http://fintech-news.net/article/54029/allfunds-acquires-zurich-based-fund-research-business This transaction is part of the Allfunds’ strategic plan to consolidate its position as a leading fund research provider for institutional investors. Hedge Fund Technology Broadridge to develop blockchain technology News Aggregation Team Wednesday, July 03, 2019 1:00 am http://fintech-news.net/article/54035/broadridge-to-develop-blockchain-technology Proponents of blockchain say that it has the potential to improve transparency, streamline business processes and reduce costs for the finance industry – and Broadridge will take forward development work and build on other initiatives. Hedge Fund Technology The state of investments in Southeast Asia News Aggregation Team Friday, June 28, 2019 1:00 am http://fintech-news.net/article/53947/the-state-of-investments-in-southeast-asia Cento Ventures’ Mark Suckling responds to the age-old question: are we in a bubble? Hedge Fund Technology