Fintech News http://fintech-news.net/ Wed, 23 Jan 2019 03:41:11 GMT part of MediaG8way Group http://fintech-news.net/ http://fintech-news.net/assets/images/logo.png Fintech News KohanaPHP How Will Virtual Reality Change the Way We Plan Sustainable, Smart Cities? News Aggregation Team Tuesday, January 22, 2019 12:00 am http://fintech-news.net/article/51906/how-will-virtual-reality-change-the-way-we-plan-sustainable-smart-cities Commonly known for its success in the gaming world, virtual reality (VR) is increasingly being used to re-invigorate various industries Wealth Technology WealthTech secures Broadhaven investment News Aggregation Team Tuesday, January 22, 2019 12:00 am http://fintech-news.net/article/51908/wealthtech-secures-broadhaven-investment Since its founding in 2016, WealthTech has developed the technology to generate professional financial planning and advice for individuals Wealth Technology Standard Life to launch robo-adviser News Aggregation Team Tuesday, January 22, 2019 12:00 am http://fintech-news.net/article/51909/standard-life-to-launch-robo-adviser Robo-advice typically involves the use of algorithms to manage and allocate a client’s assets. Wealth Technology Objectway acquires IT and administrative outsourcing services firm Ana Hall Sunday, January 20, 2019 12:00 am http://fintech-news.net/article/51882/objectway-acquires-it-and-administrative-outsourcing-services-firm The Group strengthens the leadership in the asset management segment Wealth Technology Avaloq doubles London office space Ana Hall Friday, January 18, 2019 12:00 am http://fintech-news.net/article/51878/avaloq-doubles-london-office-space The firm’s new City of London office comes after the London team has already doubled in size over the past year and provides sufficient space for further growth. Wealth Technology The $900m Aussie fintech winning big from wealth management News Aggregation Team Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51864/the-900m-aussie-fintech-winning-big-from-wealth-management This is not your usual fintech. With over 1,300 staff located in 12 offices across eight countries, this ASX200 company saw its share price more than double in 2018. Wealth Technology These countries are set to see their millionaire populations skyrocket in the next 5 years Mitzi Limlengco Wednesday, January 16, 2019 12:00 am http://fintech-news.net/article/51856/these-countries-are-set-to-see-their-millionaire-populations-skyrocket-in-the-next-5-years The 10 countries with the largest HNW populations grew in total by over 387,000 HNW individuals (up 2.4%) compared with 2017 Wealth Technology ZEDRA adds new Zug office to Swiss network Ana Hall Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51830/zedra-adds-new-zug-office-to-swiss-network It is expected that the three offices will work closely together, with company registration, accounting and legal services all eventually available from the new location. Wealth Technology Digital Wealth Asia Forum 2018 - HK News Aggregation Team Monday, January 14, 2019 12:00 am http://fintech-news.net/article/51812/digital-wealth-asia-forum-2018-hk All are key capabilities banks and players should have. Wealth Technology Vontobel adopts Geneva firm’s digital assets platform Mitzi Limlengco Monday, January 14, 2019 12:00 am http://fintech-news.net/article/51820/vontobel-adopts-geneva-firmamprsquos-digital-assets-platform Taurus-Protect has been compliant since day one with the most stringent Swiss and international regulations Wealth Technology Aviva platform boss exits after year of tech trouble News Aggregation Team Wednesday, January 16, 2019 12:00 am http://fintech-news.net/article/51850/aviva-platform-boss-exits-after-year-of-tech-trouble Aviva’s platform boss Tim Orton has left the business following a year marked by technology calamities Executive Moves An MD who complained of 'historic under-investment' in IT just left Deutsche Bank News Aggregation Team Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51828/an-md-who-complained-of-amp039historic-under-investmentamp039-in-it-just-left-deutsche-bank Deutsche Bank has had an unwieldy array of operating systems. Executive Moves JPMorgan shakes up European technology banking team News Aggregation Team Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51836/jpmorgan-shakes-up-european-technology-banking-team Bank overhauls telecoms, media and technology business after the exit of a 20-year dealmaking veteran Executive Moves Marshall enlists blockchain expert in cryptocurrency development News Aggregation Team Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51839/marshall-enlists-blockchain-expert-in-cryptocurrency-development According to a news release issued by the SOV team on Thursday, Mr Tendon is credited as “the architect behind Malta’s transformation into a ‘Blockchain Island'”. Executive Moves Denis Pitcher Appointed To FinTech Unit News Aggregation Team Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51840/denis-pitcher-appointed-to-fintech-unit Mr. Pitcher holds a Bachelors of Engineering Science in Software Engineering from the University of Western Ontario. Executive Moves One of SoftBank's favorite tech bankers has left Goldman Sachs after 18 years News Aggregation Team Thursday, January 10, 2019 12:00 am http://fintech-news.net/article/51789/one-of-softbankamp039s-favorite-tech-bankers-has-left-goldman-sachs-after-18-years Holden was most recently the bank's vice chairman for investment banking in Europe, the Middle East, and Africa Executive Moves Saul Van Beurden Named Wells Fargo’s New Head of Technology News Aggregation Team Thursday, January 10, 2019 12:00 am http://fintech-news.net/article/51790/saul-van-beurden-named-wells-fargoamprsquos-new-head-of-technology As Wells Fargos head of Technology, Van Beurden will lead the companys technology and information security teams. Executive Moves Infosys top exec Sudip Singh resigns after two decades News Aggregation Team Tuesday, January 08, 2019 12:00 am http://fintech-news.net/article/51756/infosys-top-exec-sudip-singh-resigns-after-two-decades Sudip Singh, global head of the energy, utilities, resources & services vertical at Infosys, has quit the company after spending nearly two decades with the firm. Executive Moves Meet Akhil Handa, the man who is leading Bank of Baroda’s digital transformation News Aggregation Team Tuesday, January 08, 2019 12:00 am http://fintech-news.net/article/51758/meet-akhil-handa-the-man-who-is-leading-bank-of-barodaamprsquos-digital-transformation With Akhil Handa as its change champion, Bank of Baroda appears to have muscled its way to find its rightful place under the sun. Executive Moves BMO Financial Group Announces New Financial Crimes Unit Mitzi Limlengco Tuesday, January 08, 2019 12:00 am http://fintech-news.net/article/51760/bmo-financial-group-announces-new-financial-crimes-unit The Financial Crimes Unit brings together existing capabilities around cybersecurity, fraud, and physical security from across the enterprise into an integrated central function. Executive Moves UAE Banks Federation outlines plans to combat cheque fraud Andro Bautista Tuesday, January 22, 2019 12:00 am http://fintech-news.net/article/51905/uae-banks-federation-outlines-plans-to-combat-cheque-fraud We are committed to enhancing the security of the UAE financial system Legal,Regulation,Tax & Compliance Volt Bank first neo-bank to get full banking licence News Aggregation Team Tuesday, January 22, 2019 12:00 am http://fintech-news.net/article/51907/volt-bank-first-neo-bank-to-get-full-banking-licence Until now, Volt, like other "neo-banks," had been limited by the fact it only held a "restricted" licence. Legal,Regulation,Tax & Compliance GDPR a significant driver in adviser tech adoption, says Intelliflo News Aggregation Team Friday, January 18, 2019 12:00 am http://fintech-news.net/article/51877/gdpr-a-significant-driver-in-adviser-tech-adoption-says-intelliflo The service has been available since 2015 but it was the introduction of the strict new GDPR rules which has had the biggest impact in terms of advisers engaging with customers to use the portal. Legal,Regulation,Tax & Compliance Italy’s 2019 budget law introduces new digital services tax News Aggregation Team Friday, January 18, 2019 12:00 am http://fintech-news.net/article/51879/italyamprsquos-2019-budget-law-introduces-new-digital-services-tax The budget law introduces a new digital services tax (DST) to replace the DST that was proposed under the 2018 budget law but that never became effective. Legal,Regulation,Tax & Compliance Tech Trends 2019 News Aggregation Team Friday, January 18, 2019 12:00 am http://fintech-news.net/article/51880/tech-trends-2019 And a small number of dedicated tech enthusiasts at Deloitte Consulting were preparing to launch our firm’s first annual Tech Trends report. Legal,Regulation,Tax & Compliance UK financial services regulator to link top banker bonuses to IT performance News Aggregation Team Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51869/uk-financial-services-regulator-to-link-top-banker-bonuses-to-it-performance FCA head tells Commons Treasury committee: “We expect banks’ policies on variable remuneration to reflect operational resilience. They have to – if they don’t, we will act.” Legal,Regulation,Tax & Compliance Government warned of dangers in digital tax News Aggregation Team Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51870/government-warned-of-dangers-in-digital-tax The OTS offered the example of self-driving cars, asking the question of who was responsible between the owner, passenger, manufacturer or software developer should the vehicle be involved in an accident. Legal,Regulation,Tax & Compliance SARB Aims to Create an All-inclusive Crypto Regulation Law News Aggregation Team Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51871/sarb-aims-to-create-an-all-inclusive-crypto-regulation-law The South African Reserve Bank released the document comprising of recommended regulatory guidelines designed for the crypto-asset industry. Legal,Regulation,Tax & Compliance China’s Rules for Blockchain to Take Effect in February News Aggregation Team Wednesday, January 16, 2019 12:00 am http://fintech-news.net/article/51845/chinaamprsquos-rules-for-blockchain-to-take-effect-in-february Blockchain startups will have to register within 10 days of commencing their services through a dedicated service portal, and companies developing new products will have to undergo a “safety assessment”. Legal,Regulation,Tax & Compliance European Banking Regulators Call for Unity in Crypto Regulations News Aggregation Team Wednesday, January 16, 2019 12:00 am http://fintech-news.net/article/51847/european-banking-regulators-call-for-unity-in-crypto-regulations EBA decried the lack of uniformity in crypto laws Legal,Regulation,Tax & Compliance Bank of America embarks on corporate banking tech modernisation News Aggregation Team Tuesday, January 22, 2019 12:00 am http://fintech-news.net/article/51899/bank-of-america-embarks-on-corporate-banking-tech-modernisation Elsewhere in the US, Discover Financial Services, Marcus (a digital lending platform from Goldman Sachs) and Eastern Bank are also on the Finacle user list. Retail Tech South African banking apps compared News Aggregation Team Monday, January 21, 2019 12:00 am http://fintech-news.net/article/51888/south-african-banking-apps-compared The graphic below outlines the availability of general services on banking apps. Retail Tech Mashreq Bank rolls out Samsung Pay Mitzi Limlengco Monday, January 14, 2019 12:00 am http://fintech-news.net/article/51825/mashreq-bank-rolls-out-samsung-pay By enabling Samsung Pay for Mashreq debit and credit cards via Snapp, customers can easily add their cards to Samsung Pay from Mashreq’s mobile banking app without having to scan and enter card details. Retail Tech NAB customers hit by internet and mobile app banking outage News Aggregation Team Friday, January 11, 2019 12:00 am http://fintech-news.net/article/51795/nab-customers-hit-by-internet-and-mobile-app-banking-outage Australian customers of the National Australia Bank have been hit by an outage today affecting their ability to access money. Retail Tech Qatar National Bank selects iGTB plaform for digital growth plan News Aggregation Team Wednesday, January 09, 2019 12:00 am http://fintech-news.net/article/51782/qatar-national-bank-selects-igtb-plaform-for-digital-growth-plan QNB's system is designed to make the lender more efficient and and able to handle large volumes of business Retail Tech Chetwood Financial gets full UK banking licence and new cash News Aggregation Team Tuesday, January 08, 2019 12:00 am http://fintech-news.net/article/51757/chetwood-financial-gets-full-uk-banking-licence-and-new-cash This news come with Chetwood’s latest consumer lending product, LiveLend Reward Loan – “the dynamic loan”, which adapts the lending rates as the consumer’s lending score improves. Retail Tech QNB revamps payments systems with Infosys Finacle News Aggregation Team Friday, January 04, 2019 12:00 am http://fintech-news.net/article/51718/qnb-revamps-payments-systems-with-infosys-finacle Finacle is part of EdgeVerve Systems, a subsidiary of Infosys, and its hub enables the bank to consolidate local payment systems QIPS, and QATCH in Qatar into a single platform. Retail Tech ACI Worldwide Wins ‘Best Payment Solutions Provider Europe’ Mitzi Limlengco Friday, January 04, 2019 12:00 am http://fintech-news.net/article/51735/aci-worldwide-wins-amplsquobest-payment-solutions-provider-europeamprsquo ACI’s UP eCommerce Payments solution recognized for technical flexibility and cross-border capabilities Retail Tech Vymo Selected to Accelerate Digital Adoption at Bangkok Bank Kris Borres Thursday, January 03, 2019 12:00 am http://fintech-news.net/article/51710/vymo-selected-to-accelerate-digital-adoption-at-bangkok-bank Vymo, AI-enabled Personal Assistant, captures rich, contextual data to drive intelligence across sales and distribution teams. Retail Tech BankDhofar receives prestigious Straight-Through-Processing (STP) Award by CITI Kris Borres Wednesday, January 02, 2019 12:00 am http://fintech-news.net/article/51702/bankdhofar-receives-prestigious-straight-through-processing-stp-award-by-citi CITI presents the STP Award annually to banks and financial institutions that showcase exceptional quality Retail Tech Falcon strengthens its first-mover position in blockchain banking by introducing direct transfers of cryptocurrencies Kris Borres Tuesday, January 22, 2019 12:00 am http://fintech-news.net/article/51896/falcon-strengthens-its-first-mover-position-in-blockchain-banking-by-introducing-direct-transfers-of-cryptocurrencies Clients can place trading orders conveniently through e-banking or a dedicated relationship manager. Bitcoin, Blockchain & AI China bosses blockchain and AI patents News Aggregation Team Tuesday, January 22, 2019 12:00 am http://fintech-news.net/article/51901/china-bosses-blockchain-and-ai-patents Earlier this month, the China Banking Association was pushing trade finance on blockchain. Bitcoin, Blockchain & AI The Next Step In Bitcoin's Evolution: Big-Money Investors Move In News Aggregation Team Monday, January 21, 2019 12:00 am http://fintech-news.net/article/51884/the-next-step-in-bitcoinamp039s-evolution-big-money-investors-move-in Big money managers could soon package crypto assets into mutual funds and ETFs, while paving the way for Bitcoin to enter 401(k)s and IRAs as regulated, mainstream investments. Bitcoin, Blockchain & AI Grayscale Makes Stellar Newest Crypto Investment Trust News Aggregation Team Monday, January 21, 2019 12:00 am http://fintech-news.net/article/51885/grayscale-makes-stellar-newest-crypto-investment-trust The project is not only acquiring early backing from fintech giant called Stripe, but it is also paving a path for Lumens to take part in the real world banking transactions. Bitcoin, Blockchain & AI Cryptocurrency, SME platform among initiatives launched by Saudi-UAE alliance News Aggregation Team Monday, January 21, 2019 12:00 am http://fintech-news.net/article/51891/cryptocurrency-sme-platform-among-initiatives-launched-by-saudi-uae-alliance The seven new measures cover integration in the fields of financial markets, tourism, aviation, entrepreneurship, customs and security Bitcoin, Blockchain & AI Are Crypto Lending And Institutional Custody Good For Crypto? First Principles News Aggregation Team Monday, January 21, 2019 12:00 am http://fintech-news.net/article/51893/are-crypto-lending-and-institutional-custody-good-for-crypto-first-principles Development of lending markets is necessary and beneficial, if done right. Bitcoin, Blockchain & AI How AI is transforming the fight against money laundering News Aggregation Team Sunday, January 20, 2019 12:00 am http://fintech-news.net/article/51881/how-ai-is-transforming-the-fight-against-money-laundering Data scientists have made major leaps in the past decade to get us here. Bitcoin, Blockchain & AI Currency.com Launches World’s First Tokenised Securities Trading Platform Kris Borres Wednesday, January 16, 2019 12:00 am http://fintech-news.net/article/51852/currencycom-launches-worldamprsquos-first-tokenised-securities-trading-platform Cryptocurrency Investors Can Now Participate in Traditional Financial Markets With Ease Using Crypto Directly Without Converting To Fiat first Bitcoin, Blockchain & AI Blow To Bitcoin As International Bank Makes Stark Warning News Aggregation Team Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51837/blow-to-bitcoin-as-international-bank-makes-stark-warning In another blow to bitcoin and cryptocurrencies, BIS warned investors and traders that they could lose money on privately minted cryptocurrencies like bitcoin. Bitcoin, Blockchain & AI HSBC suggests it might have found a... use for blockchain? News Aggregation Team Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51838/hsbc-suggests-it-might-have-found-a-use-for-blockchain Says it used tech to settle 3 million forex transactions, $250k in payments last year Bitcoin, Blockchain & AI Neobanking: How a new, fully digital service is threatening to disrupt Australia’s big banks News Aggregation Team Tuesday, January 22, 2019 12:00 am http://fintech-news.net/article/51902/neobanking-how-a-new-fully-digital-service-is-threatening-to-disrupt-australiaamprsquos-big-banks Either way, ‘neobanks’ are starting to come to Australia and will offer a whole new banking experience to those willing to make the switch. Mobile Banking SAMA receives requests to open digital, traditional banks News Aggregation Team Tuesday, January 22, 2019 12:00 am http://fintech-news.net/article/51903/sama-receives-requests-to-open-digital-traditional-banks The central bank will call for public opinion soon on the fifth update of opening bank accounts Mobile Banking How DBS and OCBC Global Leadership Shows Singapore’s Success in Open Banking News Aggregation Team Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51858/how-dbs-and-ocbc-global-leadership-shows-singaporeamprsquos-success-in-open-banking Third-party developers can access the APIs for functions such as real-time payments. Mobile Banking ABN Amro introduces wearable payments Ana Hall Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51865/abn-amro-introduces-wearable-payments Customers can buy Garmin, Mondaine and Olympic watches, as well as keyrings and bracelets from Laks and rings from K-ring that have Mastercard-certified payment chips. Mobile Banking Eze Castle Integration Wins Best Cloud Provider and Cyber-Security Platform Mitzi Limlengco Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51872/eze-castle-integration-wins-best-cloud-provider-and-cyber-security-platform “We are proud to have been awarded Best Cloud Provider by WatersTechnology for the third consecutive year”, said Mary Beth Hamilton, Vice President of Marketing, Eze Castle Integration. Mobile Banking OCBC Bank introduces facial biometric access for mobile banking News Aggregation Team Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51833/ocbc-bank-introduces-facial-biometric-access-for-mobile-banking “We are ever on the lookout for new ways to deliver a simpler, more secure and superior banking experience to our customers. Mobile Banking European banks falling behind US on tech innovation, Finastra CEO says News Aggregation Team Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51835/european-banks-falling-behind-us-on-tech-innovation-finastra-ceo-says Paris also explained that certain areas of technology had been more widely adopted in the banking sector than expected. Mobile Banking Global fintech firm relocates HQ to St Helier News Aggregation Team Monday, January 14, 2019 12:00 am http://fintech-news.net/article/51817/global-fintech-firm-relocates-hq-to-st-helier The company gathers and standardises investor relations websites into a single format and source, giving investors and analysts free access to information about companies via their smartphones. Mobile Banking ePayLater Raises Pre-Series A Round From ICICI, Family Offices And Others News Aggregation Team Friday, January 11, 2019 12:00 am http://fintech-news.net/article/51796/epaylater-raises-pre-series-a-round-from-icici-family-offices-and-others ePaylater is a ‘Buy Now, Pay Later’ payment solution through which customers can instantly get access to credit to make faster online/offline purchases. Mobile Banking FNB and The Entertainer help customers make their money go further News Aggregation Team Friday, January 11, 2019 12:00 am http://fintech-news.net/article/51797/fnb-and-the-entertainer-help-customers-make-their-money-go-further The Entertainer, which was founded in 2001 in Dubai, expanded its products to South African customers in 2013. Mobile Banking Digitalisation in Asset Management: power for investors Ana Hall Monday, January 21, 2019 12:00 am http://fintech-news.net/article/51887/digitalisation-in-asset-management-power-for-investors Data lakes will usher in the same type of dramatic change that was witnessed as asset managers moved from handwritten ledgers to PCs. Comment & Analysis High taxes  for the rich may distort innovation News Aggregation Team Friday, January 18, 2019 12:00 am http://fintech-news.net/article/51874/high-taxes-for-the-rich-may-distort-innovation An ‘optimal top tax rate’ is one that balances the welfare benefits from wealth redistribution with the costs of lower economic activity that a tax induces Comment & Analysis More FinTech M&A Ahead News Aggregation Team Friday, January 18, 2019 12:00 am http://fintech-news.net/article/51876/more-fintech-mampampa-ahead Consolidation will increase as more buy-side firms remove overlapping technology platforms and simplify IT infrastructure for more efficient straight-through processing. Comment & Analysis How Banks Can Stay Relevant In The Digital Age News Aggregation Team Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51867/how-banks-can-stay-relevant-in-the-digital-age This segment of the U.S. population is more technologically savvy than older generations and have driven the growth of the digital economy. Comment & Analysis AFTAs 2018: Best Risk Management Initiative—Barclays Investment Bank News Aggregation Team Wednesday, January 16, 2019 12:00 am http://fintech-news.net/article/51846/aftas-2018-best-risk-management-initiativeampmdashbarclays-investment-bank The growth of Delphi within Barclays has been impressive, with a demand list of over 100 further types of exceptions for on boarding. Comment & Analysis South African fintech in 2019 – what can we expect? News Aggregation Team Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51832/south-african-fintech-in-2019-ampndash-what-can-we-expect There has been a lot of attention on cryptocurrency given the meteoric rise last year and then the collapse in the Bitcoin price. Comment & Analysis Beyond 100: Whitepaper Mitzi Limlengco Sunday, January 13, 2019 12:00 am http://fintech-news.net/article/51805/beyond-100-whitepaper We could be closer to this reality than many people realise. Comment & Analysis Peter Thiel Wants To Give Wall Street a Fright News Aggregation Team Friday, January 11, 2019 12:00 am http://fintech-news.net/article/51799/peter-thiel-wants-to-give-wall-street-a-fright European mobile banking unicorns, like the Thiel-backed N26, are heading stateside. Regulation and competition from U.S. banks may well hobble them. Comment & Analysis Temasek's Singapore Technologies Telemedia selling perpetual issue News Aggregation Team Friday, January 11, 2019 12:00 am http://fintech-news.net/article/51801/temasekamp039s-singapore-technologies-telemedia-selling-perpetual-issue There is a 100 basis point step-up and reset from year 10. Comment & Analysis Goodbye bank. Hello fintech returns News Aggregation Team Thursday, January 10, 2019 12:00 am http://fintech-news.net/article/51787/goodbye-bank-hello-fintech-returns The number of “millionaires next door” is growing exponentially in Asia-Pacific and they are turning to technology as they seek better returns from their investable assets. Comment & Analysis BlackRock, world's largest asset manager, exposes confidential data on thousands of advisers News Aggregation Team Monday, January 21, 2019 12:00 am http://fintech-news.net/article/51886/blackrock-worldamp039s-largest-asset-manager-exposes-confidential-data-on-thousands-of-advisers The links were dated Dec 5, 2018, but it's unclear how long they were public. Cyber Security Cyberattack waves wash over West African banks News Aggregation Team Friday, January 18, 2019 12:00 am http://fintech-news.net/article/51875/cyberattack-waves-wash-over-west-african-banks Who is behind these attacks remains unknown. Cyber Security China Cybersecurity and Data Protection: 2018 Regulatory and Enforcement Review Ana Hall Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51829/china-cybersecurity-and-data-protection-2018-regulatory-and-enforcement-review In this e-bulletin we highlight the major regulatory and enforcement developments during the year in four key areas Cyber Security Securing client information: a prime target for cyberthieves News Aggregation Team Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51843/securing-client-information-a-prime-target-for-cyberthieves Best security practices cover not just software, but hardware as well Cyber Security Banks review security measures as cyber crime menace grows News Aggregation Team Monday, January 14, 2019 12:00 am http://fintech-news.net/article/51823/banks-review-security-measures-as-cyber-crime-menace-grows Criminals are getting more sophisticated, warn SA's major banks, as they pilot debit-order system DebiCheck to fight SIM-swap fraud Cyber Security Enveil and Unbound Tech unleash data security triad News Aggregation Team Friday, January 11, 2019 12:00 am http://fintech-news.net/article/51803/enveil-and-unbound-tech-unleash-data-security-triad Unbound Tech manages cryptographic keys, credentials, and other data to ensure that they never exist anywhere in their complete form. Cyber Security Cybersecurity concerns will increase in UK wealth management industry in 2019, says GlobalData News Aggregation Team Thursday, January 10, 2019 12:00 am http://fintech-news.net/article/51792/cybersecurity-concerns-will-increase-in-uk-wealth-management-industry-in-2019-says-globaldata The lack of alarm can be explained by the fact that the UK wealth industry has not seen data breaches related to cybercrime. Cyber Security Key Cyber Security Trends to Watch in 2019 Mitzi Limlengco Wednesday, January 09, 2019 12:00 am http://fintech-news.net/article/51771/key-cyber-security-trends-to-watch-in-2019 First annual cyber security predictions pinpoint areas of high cyber risk in the New Year and beyond Cyber Security Sequrest picked by wealth management outfit Evolute for cyber security News Aggregation Team Tuesday, January 08, 2019 12:00 am http://fintech-news.net/article/51767/sequrest-picked-by-wealth-management-outfit-evolute-for-cyber-security Asset managers turn to Evolute to provide the most robust and efficient digital wealth management solutions Cyber Security Cyber and Technology Resilience in Financial Services Firms News Aggregation Team Wednesday, December 19, 2018 12:00 am http://fintech-news.net/article/51635/cyber-and-technology-resilience-in-financial-services-firms The Report notes that all firms should consider the findings and feedback. Cyber Security Technology sector growth grows at its slowest rate for three years, says KPMG News Aggregation Team Monday, January 21, 2019 12:00 am http://fintech-news.net/article/51890/technology-sector-growth-grows-at-its-slowest-rate-for-three-years-says-kpmg Companies also expressed concern about ongoing trade issues, with uncertainty caused by Brexit leading to some businesses saying that they had delayed or held back investment in their business. Research Stairway to digital heaven: when transformation crosses platform Kris Borres Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51859/stairway-to-digital-heaven-when-transformation-crosses-platform One may think that going digital means getting digital tools, configuring them and click a button. Research ‘Tech and touch’: The future of asset management Kris Borres Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51860/amplsquotech-and-touchamprsquo-the-future-of-asset-management The changing nature of customer expectations and how balancing technology with bespoke face-to-face advice will separate the good advisers from the best ones. Research Regulator to ease rule for wealth management startups offering robo-advisors News Aggregation Team Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51863/regulator-to-ease-rule-for-wealth-management-startups-offering-robo-advisors The deregulation is part of the government's push to give more support to financial technology firms, the Financial Services Commission said in a statement. Research Data provider boosts private fund information via strategic partnership » News Aggregation Team Wednesday, January 16, 2019 12:00 am http://fintech-news.net/article/51853/data-provider-boosts-private-fund-information-via-strategic-partnership-ampraquo “The ability for eVestment users to access both PitchBook’s fund performance data as well as PitchBook Benchmarks offers unprecedented transparency into VC and PE asset class returns. Research RippleNet surpasses 200 customers with 13 financial institutions joining recently News Aggregation Team Monday, January 14, 2019 12:00 am http://fintech-news.net/article/51818/ripplenet-surpasses-200-customers-with-13-financial-institutions-joining-recently The CEO, Brad Garlinghouse claimed at least 2 new customers are signing up on RippleNet every week, while also seeing a 350% increase in live payments within last year. Research London raked £1.8bn in tech funding last year, almost double its next closest rival News Aggregation Team Wednesday, January 09, 2019 12:00 am http://fintech-news.net/article/51773/london-raked-amppound18bn-in-tech-funding-last-year-almost-double-its-next-closest-rival Fintech remained London’s most attractive sector of the tech industry, scoring more than £1bn in funding and playing host to over 90 per cent of the UK’s financial startups that raised throughout the year. Research 10 Takeaways from the Fintech Ecosystem Playbook News Aggregation Team Friday, January 04, 2019 12:00 am http://fintech-news.net/article/51722/10-takeaways-from-the-fintech-ecosystem-playbook Three relevant examples are Switzerland with cryptocurrency and blockchain, Malaysia with Islamic banking, and Stockholm with payments, the report notes. Research Is Digital Banking A Sexy Label, or Basic Human Right? News Aggregation Team Monday, December 31, 2018 12:00 am http://fintech-news.net/article/51697/is-digital-banking-a-sexy-label-or-basic-human-right Private banks or wealth management firms used to be an exclusive club for the affluent. Research 2018’s Digital Engagement Leaders in Asset Management - Robust Personalization and Differentiation News Aggregation Team Thursday, December 20, 2018 12:00 am http://fintech-news.net/article/51654/2018amprsquos-digital-engagement-leaders-in-asset-management-robust-personalization-and-differentiation While we saw a number of notable digital experiences, five asset management firms rose to the top. Research Fidelity Bank promises digital innovations as 13 customers get N16m News Aggregation Team Tuesday, January 22, 2019 12:00 am http://fintech-news.net/article/51904/fidelity-bank-promises-digital-innovations-as-13-customers-get-n16m The Managing Director of Fidelity Bank, Nnamdi Okonkwo, said the bank’s eighth promo in 11 years, is not all about making money, but to contribute to important national issues of financial inclusion Innovation & Startups Appleby Launches Technology and Innovation Guide Ana Hall Monday, January 21, 2019 12:00 am http://fintech-news.net/article/51883/appleby-launches-technology-and-innovation-guide To coincide with this launch, Appleby has also developed a dedicated microsite to showcase the latest legal updates, regulatory changes and other developments in the technology sector. Innovation & Startups Virtusa's open innovation platform powers open banking sandbox in Middle East News Aggregation Team Friday, January 18, 2019 12:00 am http://fintech-news.net/article/51873/virtusaamp039s-open-innovation-platform-powers-open-banking-sandbox-in-middle-east The Open Innovation Platform will provide Emirates NBD access to ready proof of concepts and help transform a concept into working prototypes. Innovation & Startups Data provider boosts private fund information via strategic partnership Kris Borres Wednesday, January 16, 2019 12:00 am http://fintech-news.net/article/51851/data-provider-boosts-private-fund-information-via-strategic-partnership Users include general partners, limited partners and advisers. Innovation & Startups Bain Capital to acquire Brillio Kris Borres Wednesday, January 16, 2019 12:00 am http://fintech-news.net/article/51855/bain-capital-to-acquire-brillio “This is a strong validation of Brillio’s vision and strategy, and our track record of organic and acquisition-driven growth. Innovation & Startups Where Law Firms Are Looking to Innovate Next News Aggregation Team Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51834/where-law-firms-are-looking-to-innovate-next The application helps partners who manage the process know when deadlines are coming up, and also shows if a matter is running over expected costs. Innovation & Startups New S$75 Million Grant To Enhance Singapore's Role As An Enterprise Financing Hub Ana Hall Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51842/new-s75-million-grant-to-enhance-singaporeamp039s-role-as-an-enterprise-financing-hub GEMS will be a three-year initiative to help enterprises seeking to raise capital through Singapore’s equity market. Innovation & Startups Global M&A forecast Mitzi Limlengco Monday, January 14, 2019 12:00 am http://fintech-news.net/article/51816/global-mampampa-forecast Global political uncertainty, from trade wars and growing protectionism to Brexit, will continue in 2019 Innovation & Startups StatPro continues strong progress with acquisitions, partnerships, and new hires News Aggregation Team Monday, January 14, 2019 12:00 am http://fintech-news.net/article/51822/statpro-continues-strong-progress-with-acquisitions-partnerships-and-new-hires Justin Wheatley, CEO of StatPro, says: “Our 2018 partnership with Broadridge re-affirmed our role as a leader in the performance and risk analytics space.” Innovation & Startups Vietnamese Banks Ramp up Fintech Development News Aggregation Team Sunday, January 13, 2019 12:00 am http://fintech-news.net/article/51808/vietnamese-banks-ramp-up-fintech-development These raised just US$3 million in funding in 2017 but strong growth is expected in the years to come. Some of Vietnam’s most notable digital and mobile payment platforms and startups include MoMo, 123Pay, Mobivi, NganLuong, and Payoo. Innovation & Startups Hong Kong Gets First API Exchange Platform in Open Banking Push News Aggregation Team Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51861/hong-kong-gets-first-api-exchange-platform-in-open-banking-push JETCO launches the city’s first Open API exchange; New Accenture survey indicates willingness of Hong Kong consumers to share personal financial information with third parties. Trading Platforms Raisin joins the Temenos MarketPlace Ana Hall Thursday, January 17, 2019 12:00 am http://fintech-news.net/article/51868/raisin-joins-the-temenos-marketplace Customers are thus able to take advantage of higher interest rates across the EU without leaving the comfort of home. Trading Platforms Maitland adopts ILPA reporting template News Aggregation Team Wednesday, January 16, 2019 12:00 am http://fintech-news.net/article/51854/maitland-adopts-ilpa-reporting-template Maitland has been automating the entire waterfall through a system- generated platform. Trading Platforms Brooks Macdonald launches Responsible Investment Service on platforms Kris Borres Wednesday, January 16, 2019 12:00 am http://fintech-news.net/article/51857/brooks-macdonald-launches-responsible-investment-service-on-platforms Brooks Macdonald continues to expand its pipeline of growth opportunities through further product proposition development, broadening adviser relationships, and identifying opportunities in new or under-served client segments. Trading Platforms Heartwood IM unveils 'first-of-a-kind' digital disclosures overhaul News Aggregation Team Tuesday, January 15, 2019 12:00 am http://fintech-news.net/article/51841/heartwood-im-unveils-amp039first-of-a-kindamp039-digital-disclosures-overhaul New reporting platform for third-party IFA and direct clients Trading Platforms Bank of China to enable payment in yuan on U.S. e-commerce platforms: Xinhua News Aggregation Team Monday, January 14, 2019 12:00 am http://fintech-news.net/article/51814/bank-of-china-to-enable-payment-in-yuan-on-us-e-commerce-platforms-xinhua The system will adhere to U.S. anti-money laundering rules through artificial intelligence and cyber security technologies, Xu added. Trading Platforms The rise of robo-advisers in the UAE News Aggregation Team Sunday, January 13, 2019 12:00 am http://fintech-news.net/article/51806/the-rise-of-robo-advisers-in-the-uae Low-cost investment platforms targeting younger professionals make it easier for UAE residents to save Trading Platforms Ascentric to shut down new and old platform for four days News Aggregation Team Monday, January 07, 2019 12:00 am http://fintech-news.net/article/51741/ascentric-to-shut-down-new-and-old-platform-for-four-days From Friday to Tuesday Trading Platforms Ant Financial looking to buy UK’s FX firm WorldFirst News Aggregation Team Friday, January 04, 2019 12:00 am http://fintech-news.net/article/51728/ant-financial-looking-to-buy-ukamprsquos-fx-firm-worldfirst WorldFirst reports that, since its launch nearly 15 years ago, it has transferred over £60 billion on behalf of 160,000 clients. Trading Platforms Arlington Capital Partners Announces the Sale of Avalign Technologies Ana Hall Friday, January 04, 2019 12:00 am http://fintech-news.net/article/51733/arlington-capital-partners-announces-the-sale-of-avalign-technologies Avalign offers its OEM partners a broad portfolio of manufacturing solutions and extensive engineering design, development, and project management capabilities from concept to launch. Trading Platforms