Managers of Wealth - Fintech http://fintech-news.net/ Wed, 20 Mar 2019 22:26:57 GMT part of MediaG8way Group http://fintech-news.net/ http://fintech-news.net/assets/images/logo.png Managers of Wealth - Fintech KohanaPHP Objectway among the top 500 champions that haul the italian economy Ana Hall Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52520/objectway-among-the-top-500-champions-that-haul-the-italian-economy The ranking depicts a heterogeneous entrepreneurial situation, but with some common drivers. Wealth Technology Gorman Spends Big To Reach Next-Gen Wealth News Aggregation Team Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52478/gorman-spends-big-to-reach-next-gen-wealth Everyone wants a piece of the millennial market. Wealth Technology Envestnet to Acquire PIEtech®, Creator of MoneyGuide Financial Planning Applications Mitzi Limlengco Friday, March 15, 2019 12:00 am http://fintech-news.net/article/52479/envestnet-to-acquire-pietechampreg-creator-of-moneyguide-financial-planning-applications The transaction is expected to close mid-year 2019 and is subject to customary closing conditions Wealth Technology Digital wills and offshore estate planning – Ogier partner explores the tech angle News Aggregation Team Wednesday, March 13, 2019 12:00 am http://fintech-news.net/article/52457/digital-wills-and-offshore-estate-planning-ampndash-ogier-partner-explores-the-tech-angle The session will explore the use of electronic wills to make estate planning more convenient and will consider some key questions on their use and validity. Wealth Technology Why Wealth Creation Is The Next Frontier In Wealth Management News Aggregation Team Tuesday, March 12, 2019 12:00 am http://fintech-news.net/article/52438/why-wealth-creation-is-the-next-frontier-in-wealth-management Before becoming a household name, fintech was very visible and “in your face.” Wealth Technology Objectway gets mentioned again by Gartner Ana Hall Monday, March 11, 2019 12:00 am http://fintech-news.net/article/52416/objectway-gets-mentioned-again-by-gartner Objectway is mentioned as a representative vendor for client-facing mobile apps. Wealth Technology YBR reports loss, reassesses wealth management News Aggregation Team Friday, March 08, 2019 12:00 am http://fintech-news.net/article/52380/ybr-reports-loss-reassesses-wealth-management Commenting on the situation, YBR executive chairman, Mark Bouris said the first half of the financial year had been challenging for the sector and the company had taken decisive action. Wealth Technology HSBC Bank and SoftBank Robotics America Enhance Beverly Hills Banking Experience Mitzi Limlengco Friday, March 08, 2019 12:00 am http://fintech-news.net/article/52394/hsbc-bank-and-softbank-robotics-america-enhance-beverly-hills-banking-experience Cross-country expansion kicks off at the Beverly Hills branch, introducing the social, humanoid robot Pepper for an enhanced customer experience in the Los Angeles area Wealth Technology SEI expands with BMO into Asia Ana Hall Friday, March 08, 2019 12:00 am http://fintech-news.net/article/52398/sei-expands-with-bmo-into-asia SEI’s new strategic partnership with BMO Private Bank Asia builds upon an existing 21-year asset management relationship with Bank of Montreal Nesbitt Burns in Canada. Wealth Technology TradingScreen launches simplified workflow solution for Wealth Managers Ana Hall Thursday, March 07, 2019 12:00 am http://fintech-news.net/article/52347/tradingscreen-launches-simplified-workflow-solution-for-wealth-managers Different features of QUO will allow investment managers to adjust seamlessly between different trading strategies, giving them a more comprehensive view of their portfolios. Wealth Technology Barclays Appoints Chairman of Global Internet Banking News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52536/barclays-appoints-chairman-of-global-internet-banking “His appointment is further evidence of our commitment to operating a top tier Technology franchise.” Executive Moves Itiviti appoints new CEO News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52531/itiviti-appoints-new-ceo He brings decades of experience and most recently was Chief Operating Officer for the FIS Cross-Asset Trading & Risk business unit. Executive Moves Delta Capita hires former Barclays executive as CIO News Aggregation Team Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52514/delta-capita-hires-former-barclays-executive-as-cio His appointment demonstrates Delta Capita’s strategic commitment to becoming a leading operator of critical capital markets infrastructure through the delivery of managed services powered by modern, secure and scalable technology platforms.” Executive Moves IRESS’ MD of the UK steps down News Aggregation Team Friday, March 15, 2019 12:00 am http://fintech-news.net/article/52481/iressamprsquo-md-of-the-uk-steps-down He leaves IRESS and our United Kingdom business in a strong position for continued growth. Executive Moves Nutmeg cuts six directors from board News Aggregation Team Friday, March 15, 2019 12:00 am http://fintech-news.net/article/52477/nutmeg-cuts-six-directors-from-board The reshuffle will leave eight members on the Nutmeg board. Executive Moves Broadridge appoints Managing Director, Head of ICSI Sales Ana Hall Thursday, March 14, 2019 12:00 am http://fintech-news.net/article/52469/broadridge-appoints-managing-director-head-of-icsi-sales He is based in Belgium and reports to Bob Santangelo, President of International Sales. Executive Moves Deloitte Appoints Cyber Expert News Aggregation Team Wednesday, March 13, 2019 12:00 am http://fintech-news.net/article/52455/deloitte-appoints-cyber-expert Miss Honeycombe’s role with Deloitte will see her focus on the firm’s world-leading cyber risk portfolio Executive Moves Finantix boosts leadership team with senior Brand and Marketing Communications appointment Ana Hall Monday, March 11, 2019 12:00 am http://fintech-news.net/article/52417/finantix-boosts-leadership-team-with-senior-brand-and-marketing-communications-appointment Seasoned professional services marketing veteran Marc Bussell joins Finantix leadership team to support execution of global growth strategy Executive Moves MAS forms technology group, makes slew of senior management changes Ana Hall Thursday, March 07, 2019 12:00 am http://fintech-news.net/article/52366/mas-forms-technology-group-makes-slew-of-senior-management-changes The organisational changes will help strengthen synergies across key capabilities or functions in MAS. Executive Moves State Street Names Lou Maiuri as its Chief Operating Officer Ana Hall Thursday, February 28, 2019 12:00 am http://fintech-news.net/article/52303/state-street-names-lou-maiuri-as-its-chief-operating-officer 30-Year Industry Veteran to Lead Technology, Operations, Product and Innovation Executive Moves Digital tax reforms 'likely to hit all international companies' News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52534/digital-tax-reforms-amp039likely-to-hit-all-international-companiesamp039 Tax reforms aimed at technology companies will be likely to affect all large international businesses in the end, tax experts have said. Legal,Regulation,Tax & Compliance FinTech-related changes – BVI Financing and Money Services Act News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52537/fintech-related-changes-ampndash-bvi-financing-and-money-services-act The Financing and Money Services Act, 2009 has been amended to include a licensing regime applicable to the peer-to-peer (P2P) FinTech market Legal,Regulation,Tax & Compliance China approves one-stop bank account for Hong Kong residents, taking the first step to liberalise financial services on the mainland News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52540/china-approves-one-stop-bank-account-for-hong-kong-residents-taking-the-first-step-to-liberalise-financial-services-on-the-mainland Existing customers of Bank of China (Hong Kong) can open Bank of China accounts without having to travel to the mainland Legal,Regulation,Tax & Compliance UBF council explores UAE's evolving banking sector News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52546/ubf-council-explores-uaeamp039s-evolving-banking-sector With UAE Banks operating with high capital, the outlook for the sector remains positive and we are confident that it is well-positioned for future growth over the coming year." Legal,Regulation,Tax & Compliance SimplyBiz to buy fintech platform Mitzi Limlengco Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52549/simplybiz-to-buy-fintech-platform Following the acquisition, Defaqto will remain operating as an independent business within the Group out of its offices in Haddenham, Buckinghamshire. Legal,Regulation,Tax & Compliance Bahrain invites Indian fintech firms to set up base News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52517/bahrain-invites-indian-fintech-firms-to-set-up-base As the public agency responsible for attracting investment into Bahrain, the EDB has been collaborating with the Indian government on a number of business areas as well as improving the conditions of Indian workers in the Gulf state, the publication detai Legal,Regulation,Tax & Compliance Singapore Court Rules in First Case Involving Cryptocurrency News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52524/singapore-court-rules-in-first-case-involving-cryptocurrency The disputed trades had already been completed at prices around 10 BTC for 1 ETH (market prices at the time were ~0.04 BTC for 1 ETH), resulting in a net position for B2C2 of approximately 3085 bitcoins. Legal,Regulation,Tax & Compliance Bahrain issues new cryptoasset rules News Aggregation Team Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52499/bahrain-issues-new-cryptoasset-rules The Central Bank of Bahrain (CBB) has published final rules allowing for the regulation and licencing of dealing, advisory, and portfolio management services in accepted crypto-assets and as a cypto-asset exchange. Legal,Regulation,Tax & Compliance Event addressing increasingly complex digital environment launched Ana Hall Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52506/event-addressing-increasingly-complex-digital-environment-launched Also, how financial regulators and banks can collaborate to develop processes and procedures to address regulatory risks in serving market participants operating crypto assets businesses. Legal,Regulation,Tax & Compliance Why India’s fledgling FinTech industry needs better regulations News Aggregation Team Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52510/why-indiaamprsquos-fledgling-fintech-industry-needs-better-regulations Rapid advancements in cloud computing, AI and blockchain, along with faster and cheaper internet connectivity have fuelled the rise of FinTech start-ups. Legal,Regulation,Tax & Compliance JPMorgan Chase rolls out checking for low-income customers with no overdraft fees News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52542/jpmorgan-chase-rolls-out-checking-for-low-income-customers-with-no-overdraft-fees Chase Liquid customers can keep their current accounts, but new customers will not be able to open a Chase Liquid account moving forward, the bank said in a statement. Retail Tech Urban FT Partners with ICBA Bancard to Launch Community Access Card Program - Continuing Their Devotion to Serving Community Banks around the Country Ana Hall Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52544/urban-ft-partners-with-icba-bancard-to-launch-community-access-card-program-continuing-their-devotion-to-serving-community-banks-around-the-country FinTech Leader Urban FT partners with ICBA Bancard introducing a new feature-rich card program Retail Tech Sbanken Chooses Nets To Support Open Banking News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52547/sbanken-chooses-nets-to-support-open-banking Banking as we know it will change radically due to the new regulation Retail Tech How bank tellers quietly disappeared from America, and what that means for consumers News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52548/how-bank-tellers-quietly-disappeared-from-america-and-what-that-means-for-consumers The teller of the future does much more than accept cash deposits and fill out money orders. Retail Tech UAE banks to continue to digitise in cost cutting push, Alvarez & Marsal says News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52515/uae-banks-to-continue-to-digitise-in-cost-cutting-push-alvarez-ampamp-marsal-says Large lenders will increasingly reduce their dependence on traditional branch networks as they embrace technology Retail Tech How HID Global and Temenos Collaborate to Help Banks Reduce Fraud News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52530/how-hid-global-and-temenos-collaborate-to-help-banks-reduce-fraud Digital onboarding and mobile banking may be great time savers for customers Retail Tech Here’s what you can expect from your bank this year as new digital banks enter the market News Aggregation Team Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52501/hereamprsquos-what-you-can-expect-from-your-bank-this-year-as-new-digital-banks-enter-the-market This uncertainty was amplified as a result of significant strategic, operational and financial pressures within some SOEs, which weighed on wholesale credit appetite in key sectors. Retail Tech How this AI-driven fintech startup is helping people make smarter investment decisions and reach their financial goals News Aggregation Team Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52505/how-this-ai-driven-fintech-startup-is-helping-people-make-smarter-investment-decisions-and-reach-their-financial-goals Bengaluru-based online financial advisory Capital Quotient focuses on a planning-first approach; at present, it largely caters to customers looking to pay back their loans by making smarter investment choices. Retail Tech Mashreq to close 50 per cent of branches this year News Aggregation Team Thursday, March 14, 2019 12:00 am http://fintech-news.net/article/52458/mashreq-to-close-50-per-cent-of-branches-this-year Move is part of digital transformation Retail Tech Commercial Bank joins international blockchain collective News Aggregation Team Thursday, March 14, 2019 12:00 am http://fintech-news.net/article/52460/commercial-bank-joins-international-blockchain-collective Commercial Bank’s membership of R3 is further evidence of its commitment to apply the latest technologies to improve services for customers and to drive operational efficiencies. Retail Tech IBM Signs 6 Banks to Issue Stablecoins and Use Stellar’s XLM Cryptocurrency News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52526/ibm-signs-6-banks-to-issue-stablecoins-and-use-stellaramprsquos-xlm-cryptocurrency The network promises to let regulated institutions move value across borders – remittances or foreign exchange – more quickly and cheaply than the legacy correspondent banking system. Bitcoin, Blockchain & AI Cayman Islands: New fintech consultancy launched News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52551/cayman-islands-new-fintech-consultancy-launched While the services are relatively new locally, Cartan says it is building on its extensive experience in the space. Bitcoin, Blockchain & AI Crypto country: Ex-Soviet state Belarus uses bitcoin bubble to boost its tech sector News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52552/crypto-country-ex-soviet-state-belarus-uses-bitcoin-bubble-to-boost-its-tech-sector Europe's last dictatorship wants to promote itself as a forward-thinking technology-powered nation. Bitcoin, Blockchain & AI New voice-powered Finley AI offers financial and pension advice News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52553/new-voice-powered-finley-ai-offers-financial-and-pension-advice The voice-interactive programme cannot give personalised advice, but Elemi claims it can offer answers to general questions that users might ask a financial advisor, on topics such as family planning, working life, retirement and death. Bitcoin, Blockchain & AI Pension-backed Morgan Creek Digital Makes Strategic Investment in Asset Manager Ana Hall Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52554/pension-backed-morgan-creek-digital-makes-strategic-investment-in-asset-manager We believe they are well-positioned to capture the outstanding returns this asset class will bring in the years to come. Bitcoin, Blockchain & AI Bitcoin breaks US$4,000 for first time in more than two months News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52523/bitcoin-breaks-us4000-for-first-time-in-more-than-two-months There have been good fundamental developments in the industry over the past few months Bitcoin, Blockchain & AI Dubai tops global rank in attracting FDI for AI and robotics News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52527/dubai-tops-global-rank-in-attracting-fdi-for-ai-and-robotics The organisers of AIM said that digitalisation is becoming an increasingly important part of globalisation. Bitcoin, Blockchain & AI Bitcoin ATM arrives in Dubai: Here's how to buy digital currency News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52528/bitcoin-atm-arrives-in-dubai-hereamp039s-how-to-buy-digital-currency The kiosk has been operational for the last couple of days. Bitcoin, Blockchain & AI Will Central Banks Ever Adopt Bitcoin? News Aggregation Team Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52507/will-central-banks-ever-adopt-bitcoin The idea of a central bank digital currency has prompted a mixed reaction among economists. Bitcoin, Blockchain & AI Citi abandons ‘Citicoin’ project in face of competition News Aggregation Team Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52512/citi-abandons-amplsquociticoinamprsquo-project-in-face-of-competition “If we are talking about cross border payments, how many banks do we have across the world – and how many of them are already on-boarded on SWIFT? And how long has it taken SWIFT to onboard all those banks?” Bitcoin, Blockchain & AI Technology is playing a bigger role and advisers need to catch up News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52535/technology-is-playing-a-bigger-role-and-advisers-need-to-catch-up Digital technology is now playing a key role in improving customer choice and engagement, particularly among the younger generation who expect to transact in real-time via mobile platforms. Mobile Banking Safaricom takes M-Pesa overdraft service global News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52521/safaricom-takes-m-pesa-overdraft-service-global M-Pesa services are also available in India through Vodacom. Mobile Banking U.S. firm FIS buys Worldpay for $35 billion in payments deal bonanza News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52532/us-firm-fis-buys-worldpay-for-35-billion-in-payments-deal-bonanza “Scale matters in our rapidly changing industry,” said FIS Chief Executive Gary Norcross Mobile Banking Knowledge sharing platform Tigerhall secures US$1.8M seed funding News Aggregation Team Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52503/knowledge-sharing-platform-tigerhall-secures-us18m-seed-funding The platform was launched on February 21st, founded by former leading sales and marketing recruiter for Michael Page International Singapore Nellie Wartoft. Mobile Banking EU's mobile payments market attracts global challengers News Aggregation Team Sunday, March 17, 2019 12:00 am http://fintech-news.net/article/52498/euamp039s-mobile-payments-market-attracts-global-challengers Growth in popularity of the smartphone and its part in our daily lives is one of the major drivers of the mobile payments market. Mobile Banking Santander Brasil launches digital investment platform News Aggregation Team Friday, March 15, 2019 12:00 am http://fintech-news.net/article/52480/santander-brasil-launches-digital-investment-platform Pi will offer investment products to mass retail customers, including lower income clients. Mobile Banking Bulgaria’s Municipal Bank gets core and payments tech from Oracle News Aggregation Team Friday, March 15, 2019 12:00 am http://fintech-news.net/article/52486/bulgariaamprsquos-municipal-bank-gets-core-and-payments-tech-from-oracle Oracle FSS says “a major bank in Bulgaria” has chosen to implement these solutions in its Q1 2019 financial results report, although the name wasn’t revealed. Mobile Banking Bank of Tanzania embraces digital financial platforms News Aggregation Team Friday, March 15, 2019 12:00 am http://fintech-news.net/article/52491/bank-of-tanzania-embraces-digital-financial-platforms He further acknowledged that the digital financial services have been largely contributing to inclusiveness in financial services, with many Tanzanians using the mobile phones to make transactions. Mobile Banking Digital banks threat looms News Aggregation Team Thursday, March 14, 2019 12:00 am http://fintech-news.net/article/52462/digital-banks-threat-looms Transactional income will feel the pinch, but big banks have businesses which won’t be hit, at least in the short term Mobile Banking Cutting the branches: The case for letting go of physical locations News Aggregation Team Thursday, March 14, 2019 12:00 am http://fintech-news.net/article/52474/cutting-the-branches-the-case-for-letting-go-of-physical-locations Yet most retail banks don’t offer the alternatives customers seek. Mobile Banking Why Technology Isn’t Bank Transformation’s Silver Bullet News Aggregation Team Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52511/why-technology-isnamprsquot-bank-transformationamprsquos-silver-bullet “That happens more often than not, that shiny penny kind of approach that is driven by technology rather than a broader strategy,” Gill said. “Technology spend gets mistaken for branch transformation.” Comment & Analysis How digital banking can backfire for African banks News Aggregation Team Thursday, March 14, 2019 12:00 am http://fintech-news.net/article/52471/how-digital-banking-can-backfire-for-african-banks Kenya is an acknowledged leader in digital banking due to its development of mobile money Comment & Analysis Qatar all set to play lead role in tech innovation News Aggregation Team Wednesday, March 13, 2019 12:00 am http://fintech-news.net/article/52441/qatar-all-set-to-play-lead-role-in-tech-innovation Qatar already has high Internet and mobile penetration, which makes it a fertile ground for the technology and other sunrise sectors. Comment & Analysis What does the future hold? Four financial advisers have their say… News Aggregation Team Wednesday, March 13, 2019 12:00 am http://fintech-news.net/article/52454/what-does-the-future-hold-four-financial-advisers-have-their-sayamphellip From Brexit to MiFID II, this year promises to throw a few curve balls the way of the financial services industry. Comment & Analysis Fintech: What’s Real, and What’s Hype News Aggregation Team Wednesday, March 13, 2019 12:00 am http://fintech-news.net/article/52456/fintech-whatamprsquos-real-and-whatamprsquos-hype We were absolutely struck by the fact that there was such a dearth of research Comment & Analysis TABB Group Named “Best of Breed” by Spear’s 500 List in New Alternate Investing Category News Aggregation Team Tuesday, March 12, 2019 12:00 am http://fintech-news.net/article/52425/tabb-group-named-ampldquobest-of-breedamprdquo-by-spearamprsquos-500-list-in-new-alternate-investing-category The publication has 60,000-plus readers, based on a circulation 27,000, with an average net worth, excluding primary residence, of £5.5 million ($8.8 million) and an average annual income of £780,000. Comment & Analysis PwC Exec: Biggest Threat To Banks May Come From Large Tech Firms — Not Fintech News Aggregation Team Monday, March 11, 2019 12:00 am http://fintech-news.net/article/52414/pwc-exec-biggest-threat-to-banks-may-come-from-large-tech-firms-ampmdash-not-fintech The exec asked how banks can keep up with evolving expectations for user experience when millennials expect it to be easy. Comment & Analysis The future of private banking in Africa News Aggregation Team Friday, March 08, 2019 12:00 am http://fintech-news.net/article/52386/the-future-of-private-banking-in-africa Julius Baer also sees a lot of green lights on the continent. Comment & Analysis UK and Turkey push Islamic finance through fintech News Aggregation Team Friday, March 08, 2019 12:00 am http://fintech-news.net/article/52393/uk-and-turkey-push-islamic-finance-through-fintech The UK and Turkey have launched a joint initiative to try and scale Islamic finance through the fintech sector. Comment & Analysis Why digitalisation isn’t the solution that will make a company stand out from the crowd-great customer service will News Aggregation Team Friday, March 08, 2019 12:00 am http://fintech-news.net/article/52396/why-digitalisation-isnamprsquot-the-solution-that-will-make-a-company-stand-out-from-the-crowd-great-customer-service-will Is it just a case of jumping on the latest bandwagon, or are organisations actually looking to provide a better service for their customers? Comment & Analysis Cyber InFocus Report Details Ransomware and Malware Trends Mitzi Limlengco Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52538/cyber-infocus-report-details-ransomware-and-malware-trends Some of the easiest actions SMEs can take center on employee education, endpoint monitoring, detailed VPN logs, and the use of multi-factor authentication. Cyber Security Cybercrime Squad and AUSTRAC remind digital currency exchanges of reporting obligations Ana Hall Friday, March 08, 2019 12:00 am http://fintech-news.net/article/52391/cybercrime-squad-and-austrac-remind-digital-currency-exchanges-of-reporting-obligations This is a joint media release between the NSW Police Force and AUSTRAC. Cyber Security Bank Data Security Breaches: Numbness or Negligence? Ana Hall Thursday, March 07, 2019 12:00 am http://fintech-news.net/article/52368/bank-data-security-breaches-numbness-or-negligence High-profile data breaches and leaks continue to happen. Why are banks and organizations still lax in securing their most valuable data? Cyber Security Cybersecurity – Expert entreats: Do NOT use the same password News Aggregation Team Tuesday, March 05, 2019 12:00 am http://fintech-news.net/article/52350/cybersecurity-ampndash-expert-entreats-do-not-use-the-same-password People often use the same password everywhere. That is a severe problem Cyber Security BOV hackers ‘planned back door opportunity’ News Aggregation Team Monday, March 04, 2019 12:00 am http://fintech-news.net/article/52332/bov-hackers-amplsquoplanned-back-door-opportunityamprsquo It is not yet clear how long the hackers had access to the bank’s systems before the robbery was carried out. Cyber Security Cyber crime a rising concern from wealth clients News Aggregation Team Friday, March 01, 2019 12:00 am http://fintech-news.net/article/52311/cyber-crime-a-rising-concern-from-wealth-clients The report also identified three other trends to come over the next year, predicting more non-participating countries in the Common Reporting Standard Cyber Security Downside of Technology for Advisors: Increased Cybercrime News Aggregation Team Friday, March 01, 2019 12:00 am http://fintech-news.net/article/52313/downside-of-technology-for-advisors-increased-cybercrime But there’s a problem, the firm notes: “Our data suggests that despite acknowledging clients’ rising level of concern with regards to cybersecurity, so far the industry has underestimated — if not dismissed — these risks.&amp Cyber Security Chubb and Carnegie Mellon University Award Cyber COPE Insurance Certification Designations to Agents and Brokers Ana Hall Thursday, February 28, 2019 12:00 am http://fintech-news.net/article/52294/chubb-and-carnegie-mellon-university-award-cyber-cope-insurance-certification-designations-to-agents-and-brokers Co-created by Chubb and Carnegie Mellon in 2018 Cyber Security Cyber Security and Cyber Risk: A universal Challenge by Gabriel Bernardino, EIOPA Ana Hall Thursday, February 28, 2019 12:00 am http://fintech-news.net/article/52297/cyber-security-and-cyber-risk-a-universal-challenge-by-gabriel-bernardino-eiopa Cyber security and cyber risk both topics are very high on the agenda of any organisation and its management. Cyber Security Bank of China Selects Wolters Kluwer’s OneSumX Ana Hall Wednesday, February 27, 2019 12:00 am http://fintech-news.net/article/52288/bank-of-china-selects-wolters-kluweramprsquos-onesumx OneSumX for Regulatory Reporting is set up to use a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. Cyber Security The hybrid model: the future of financial advice News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52519/the-hybrid-model-the-future-of-financial-advice Most analysts agree. Accenture’s report ‘The Rise of Robo Advice’ noted that most robo services, “won’t meet the needs of investors with even moderately complex financial lives.” Research Accenture Interactive Expands Digital Marketing Services News Aggregation Team Friday, March 15, 2019 12:00 am http://fintech-news.net/article/52496/accenture-interactive-expands-digital-marketing-services Storm Digital has approximately 90 employees located in Amsterdam and Groningen, who will become part of Accenture Interactive. Research Women in Payments and Finance: Championing women across the global ecosystem News Aggregation Team Friday, March 08, 2019 12:00 am http://fintech-news.net/article/52395/women-in-payments-and-finance-championing-women-across-the-global-ecosystem With the event being hosted in Sweden, our expert panelists will leverage how gender equality is a cornerstone of society in the country and discuss how we can shape best practice in financial services. Research Top digital investment trends for 2019 Mitzi Limlengco Wednesday, February 27, 2019 12:00 am http://fintech-news.net/article/52273/top-digital-investment-trends-for-2019 Virtusa xLabs analysed over 150 sources from industry experts Research Research: Over Half of Financial Organisations Are Only Updating Technology on a Reactive Basis Mitzi Limlengco Wednesday, February 27, 2019 12:00 am http://fintech-news.net/article/52290/research-over-half-of-financial-organisations-are-only-updating-technology-on-a-reactive-basis For many financial services organisations, the costs of internal solutions do ramp up. Research Financial institutions look to tech News Aggregation Team Friday, February 22, 2019 12:00 am http://fintech-news.net/article/52220/financial-institutions-look-to-tech The study also found that, in response to the challenger bank threat, bankers expect their organizations to invest heavily in new technology (40 percent) and updating legacy systems (34 percent) in 2019. Research How Will People Bank in the Future? News Aggregation Team Friday, February 22, 2019 12:00 am http://fintech-news.net/article/52221/how-will-people-bank-in-the-future The smartphone’s dominance in banking and of consumers’ communication, social, entertainment, health, shopping, scheduling and research lives is the perfect example of digital integration done right. Research FinDatEx platform launched Ana Hall Wednesday, February 20, 2019 12:00 am http://fintech-news.net/article/52195/findatex-platform-launched The joint structure will build on the successful informal collaboration within the European Working Group. Research FSB report: FinTech and market structure in financial services Mitzi Limlengco Monday, February 18, 2019 12:00 am http://fintech-news.net/article/52170/fsb-report-fintech-and-market-structure-in-financial-services The FSB defines FinTech as technology-enabled innovation in financial services that could result in new business models, applications, processes or products with an associated material effect on the provision of financial services. Research Axia Suite 2.1 released with new functional features Ana Hall Friday, February 15, 2019 12:00 am http://fintech-news.net/article/52168/axia-suite-21-released-with-new-functional-features Axia Suite has now been enriched with new functionalities for risk management & compliance. Research US tech company scheme edges closer to buyout after £230m deal News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52539/us-tech-company-scheme-edges-closer-to-buyout-after-amppound230m-deal This has enabled us to steadily reduce the plan’s exposure to uncertain asset returns. Innovation & Startups Egypt sets up US$57-million FinTech start-up fund News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52541/egypt-sets-up-us57-million-fintech-start-up-fund Hussein also mentioned plans to launch a cybersecurity centre for the banking sector by the end of 2019, responsible to deal with cybersecurity threats and incidents. Innovation & Startups Banco Sabadell targets digital economy with new fund News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52545/banco-sabadell-targets-digital-economy-with-new-fund Business models of the new digital economy will benefit from a sustainable and greater growth trend," according to Sabadell. Innovation & Startups Standard Chartered builds Fintech Bridge to matchmake with startups News Aggregation Team Wednesday, March 20, 2019 12:00 am http://fintech-news.net/article/52550/standard-chartered-builds-fintech-bridge-to-matchmake-with-startups Alex Manson, head of SC Ventures, says: “We understand how frustrating it can be for fintech start-ups to find the right people to take their solution forward Innovation & Startups Gulf Bank partners with Dell to drive regional innovations News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52516/gulf-bank-partners-with-dell-to-drive-regional-innovations With this primary goal at the heart of their transformative efforts, Gulf Bank aims to be at the frontlines of emerging industry innovation and embrace data-driven banking – which is evolving as a key driver of operational and competitive differenti Innovation & Startups StanChart Unit Launches Market Platform for Start-ups News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52522/stanchart-unit-launches-market-platform-for-start-ups Investors can also use the portal to recommend start-ups to the Bank for future collaborations. Innovation & Startups Accenture Interactive buys Dutch marketing agency Storm Digital News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52525/accenture-interactive-buys-dutch-marketing-agency-storm-digital Among the major acquisitions the firm has bolted-on in Europe are Fjord and Karamara in the UK, SinnerSchrader and Kolle Rebbe in Germany, and Kaplan in the Nordics. Innovation & Startups Fintech Waddle raises $4 million as it gears up for international banking partnerships News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52529/fintech-waddle-raises-4-million-as-it-gears-up-for-international-banking-partnerships “Our users on average save 12 hours a week when they switch to Waddle,” he says. Innovation & Startups Standard Chartered builds Fintech Bridge to matchmake with startups News Aggregation Team Tuesday, March 19, 2019 12:00 am http://fintech-news.net/article/52533/standard-chartered-builds-fintech-bridge-to-matchmake-with-startups The Bridge connects and matches partners from the fintech ecosystem to the bank’s internal community Innovation & Startups DCCI to help startups navigate the UAE’s funding landscape News Aggregation Team Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52502/dcci-to-help-startups-navigate-the-uaeamprsquos-funding-landscape The findings were released during Dubai Startup Hub’s Entrepreneurship Advocacy event series, which was hosted earlier today at Dubai Chamber’s head office. Innovation & Startups Morgan Stanley agrees to sell feeder fund to alternative investor News Aggregation Team Monday, March 18, 2019 12:00 am http://fintech-news.net/article/52500/morgan-stanley-agrees-to-sell-feeder-fund-to-alternative-investor ICapital will assume oversight of 115 of the bank's funds Trading Platforms Citi Joins UBS in Setting Up Singapore Currency Trading Hub News Aggregation Team Monday, March 11, 2019 12:00 am http://fintech-news.net/article/52411/citi-joins-ubs-in-setting-up-singapore-currency-trading-hub Citi’s system is also expected to support 13 deliverable emerging-market currencies. Trading Platforms Ant Financial Launches Distributed Core Banking Platform with Hoperun Information Technology Ana Hall Sunday, March 10, 2019 12:00 am http://fintech-news.net/article/52403/ant-financial-launches-distributed-core-banking-platform-with-hoperun-information-technology The platform also aims to help financial institutions tackle digital challenges, including distributed development, financial product management and accounting liquidation. Trading Platforms SIX selects R3 Corda for new digital asset exchange News Aggregation Team Thursday, March 07, 2019 12:00 am http://fintech-news.net/article/52376/six-selects-r3-corda-for-new-digital-asset-exchange Initially scheduled for go-live in the first half of this year, the new platform is unlikely to see the light of day until the end of the year Trading Platforms Bank Leumi (UK) selects Eurobase's Siena platform Ana Hall Thursday, March 07, 2019 12:00 am http://fintech-news.net/article/52378/bank-leumi-uk-selects-eurobaseamp039s-siena-platform Bank Leumi is underpinned by its client-centric, solutions-driven approach, and we are confident that the Siena platform will help to strengthen our offering. Trading Platforms First Bank invests EUR 7.5 million in technology News Aggregation Team Tuesday, March 05, 2019 12:00 am http://fintech-news.net/article/52355/first-bank-invests-eur-75-million-in-technology Investment in digitization aims, among other things, to optimize existing processes and reconfigure analysis and reporting systems. Trading Platforms China fund managers rush to capitalise on Shanghai's new tech board News Aggregation Team Monday, March 04, 2019 12:00 am http://fintech-news.net/article/52330/china-fund-managers-rush-to-capitalise-on-shanghaiamp039s-new-tech-board The Shanghai Stock Exchange's "technology innovation board" is due to launch in the coming months, or even weeks, with trading and listing rules published only as recently as Friday. Trading Platforms Revolut mulling acquisitions despite controversies News Aggregation Team Sunday, March 03, 2019 12:00 am http://fintech-news.net/article/52321/revolut-mulling-acquisitions-despite-controversies The fintech unicorn is going on a hiring spree to support its growth ambitions. Trading Platforms Thai insurtech platform raises $10 million in Series A funding News Aggregation Team Tuesday, February 26, 2019 12:00 am http://fintech-news.net/article/52261/thai-insurtech-platform-raises-10-million-in-series-a-funding Moving forward, Sunday has ambitious plans to expand its footprint to key Southeast Asian markets, including Singapore, Malaysia, and Indonesia. Trading Platforms Genstar Capital Closes Fund IX and Affiliated Overage Fund with $7 Billion of Committed Capital Ana Hall Tuesday, February 26, 2019 12:00 am http://fintech-news.net/article/52266/genstar-capital-closes-fund-ix-and-affiliated-overage-fund-with-7-billion-of-committed-capital The focus of this group allowed us to move quickly to close Fund IX within 15 weeks of the fund launch. Trading Platforms