Why mPOS Could Be The Cornerstone Of Digital Wallet Acceptance

May 14, 2019 at 04:00PM To pay for their retail purchases, some consumers are embracing mobile wallets — but adoption varies across different countries. While consumers in the United States haven’t entirely warmed to this payment method, shoppers in places such as China are leaping from cash to mobile without stopping at credit cards as an intermediary step. However, merchants must be able to accept digital wallets on their mobile point-of-sale (mPOS) and POS devices in order for consumers to be encouraged to use them, according to the PYMNTS mPOS Tracker. And now, both financial and payments players globally are … Continue reading Why mPOS Could Be The Cornerstone Of Digital Wallet Acceptance

Empowering Investment Bankers with Data Science

April 23, 2019 at 03:21PM The Investment Banking industry is driven by customer relationships, which are highly dependent on having a contextual understanding of market developments, the deal cycle, client intent, and any past interactions. While the incredible growth of data supports this understanding, relationship management has not become easier as information resides in disparate data sources. Technology advancements in the areas of Artificial Intelligence (AI), Data Science and cloud-based Customer Relationship Management (CRM) platforms are paving the way to help bankers not only to have information at their fingertips but also recommend next best actions based on predictions drawn … Continue reading Empowering Investment Bankers with Data Science

Canadian challenger Mogo merges with Difference Capital

April 16, 2019 at 10:46AM Mogo Finance Technology, the Canadian challenger bank, has signed a definitive arrangement to merge the bank with Difference Capital Financial. “This transaction enables Mogo to continue to invest in new products and innovation” Under the terms of the agreement, each common share of Mogo will be exchanged for one Difference common share. Upon completion of the transaction, former Mogo shareholders will own approximately 80% of the combined entity on a fully diluted basis. The transaction is subject to Mogo shareholder approval, regulatory approval and satisfaction of other customary conditions. The transaction is expected to close … Continue reading Canadian challenger Mogo merges with Difference Capital

Vision Blue acquires Cardiff-based SamePage

April 15, 2019 at 02:23PM Vision Blue, the regtech for credit and debt recovery sectors, has acquired Cardiff-based fast growth fintech company SamePage Group, provider of loan origination software platforms. Financials details for the transaction remain undisclosed. The acquisition of SamePage by Vision Blue comes after a recent partnership which saw both companies deliver a full lifecycle Loan Origination and Account Management System (LMS) for the Green Deal Finance Company (GDFC). Colin Brown, managing director at Vision Blue says: “Lenders are increasingly transitioning from cumbersome and inflexible legacy lending platforms to newly developed digital cloud-based solutions utilising current technologies and … Continue reading Vision Blue acquires Cardiff-based SamePage

Deep Dive: With Contactless mPOS, SMBS Find The Magic Touch

April 11, 2019 at 03:30PM Consumers want to be able to use their smartphones to scan or look products up and make payments — even when they are shopping at their neighborhood markets. Mobile point-of-sale (mPOS) solutions have emerged to help them do just that, enabling convenient and frictionless experiences at small to medium-size businesses (SMBs) and keeping transactional costs under control. Contactless mPOS adoption is also likely to increase in the coming years, with more consumers looking for checkout experiences that are both seamless and secure. The following Deep Dive delves into why small merchants could see big changes when they adopt such solutions, and how … Continue reading Deep Dive: With Contactless mPOS, SMBS Find The Magic Touch

Case study: Information Builders and Millennium BCP

April 04, 2019 at 11:12AM We partner with banking institutions such as yourself to achieve the highest levels of customer satisfaction in the industry by: Gathering and exploiting deep customer intelligence to better understand and forecast client behaviors Gaining a better understanding of products to enable the design and enhancement of profitable, market-leading financial offerings Minimising risk by improving the way threats are measured, managed, and treated Improving regulatory compliance with more accurate and reliable data Optimising operational and financial performance Obtaining a single, consistent view of the customer across all products and channels Enhancing the customer experience by engaging … Continue reading Case study: Information Builders and Millennium BCP

How artificial intelligence can improve the bottom line in FS

March 25, 2019 at 10:50AM Corporate Financial Services (FS) is a sector that’s under pressure like never before. After decades of approaching business in much the same way, the rise of more agile and nimble financial startups, offering a whole array of different products and services, has meant that traditional corporate FS providers have found their position under threat. It is also an industry that is fast-paced and relationship-driven. In a highly challenging business landscape, there has been an emergence of technologies that can make an enormous difference in how corporate FS firms operate. There is more data available on … Continue reading How artificial intelligence can improve the bottom line in FS

White paper: Beyond Banking – What traditional banks and neobanks can learn from each other

March 21, 2019 at 10:30AM Banking startups have already won over more than 15 million users worldwide and show no signs of slowing down. In fact, their customer base is expected to multiply as they obtain banking licences, expand their product portfolio and move into large markets like the US. What’s their appeal over their traditional counterparts? Think more features, less paperwork and superfast services. In other words: infinitely more focus on customers’ wants and needs. But the game is not over yet. It’s time for traditional players to look into what elements they can adopt from digital-only challengers’ strategies … Continue reading White paper: Beyond Banking – What traditional banks and neobanks can learn from each other

A guide to digital identity verification: the tech and trends

March 18, 2019 at 09:34AM An all-digital world amplifies the classic threats of service misuse, identity impersonation and money laundering. Thankfully, artificial intelligence and machine learning techniques have finally matured—and with them, we can solve online identity: businesses can confidently onboard anyone, anywhere in the world with an identity document and an internet connection. Check out this white paper by Onfido which: Examines global trends in identity verification Gives technical insights into viable solutions Explains the machine learning techniques behind Onfido’s market-leading technology Provide the details below and this free guide will be all yours! Name* FirstLast Job title:* Company … Continue reading A guide to digital identity verification: the tech and trends

TickSmith powers CanDeal’s DataVault Innovations

March 14, 2019 at 10:01AM TickSmith will power the new market data platform for institutional electronic marketplace for Canadian debt and derivatives trading CanDeal, reports David Penn at Finovate. CanDeal has consolidated OTC multi-asset class data The company will use the TickSmith Data Pooling Platform in order to support the launch of its DataVault Innovations Data-as-a-Service (DaaS) offering. DataVault Innovations aggregates over-the-counter (OTC) data on multiple Canadian assets classes from banks and other sources and distributes it to end users and third-party providers. The DaaS technology also provides pricing, risk, and analytics features to help market participants bolster internal risk … Continue reading TickSmith powers CanDeal’s DataVault Innovations

Silicon Valley Bank welcomed in Canada

March 07, 2019 at 12:49PM Silicon Valley Bank (SVB) has been granted a licence in Canada from the Superintendent of Financial Institutions and has opened its Canadian headquarters in Toronto. Canada’s regulator has granted SVB a licence… “aboot” time! The bank, based in Santa Clara, California, is targeting entrepreneurs, companies and investors in the technology and life science sectors, and now hopes to do so in Canada. “The Canadian banking licence is a significant milestone in our global expansion,” says Greg Becker, CEO of Silicon Valley Bank. The bank also provides additional cross-border banking services to Canadian companies that have … Continue reading Silicon Valley Bank welcomed in Canada

Wealthtech Gluskin Sheff turns to Broadridge tech

March 06, 2019 at 10:54AM Gluskin Sheff and Associates has implemented Broadridge’s investment management technology, platform. Broadridge will support Gluskin Sheff as it scales its wealth management business The platform includes portfolio management, order management, compliance and data analytics capabilities, as the company wants to scale its wealth management business. Gluskin Sheff is an independent wealth management firm that manages portfolios for high net worth private clients, families and select institutional investors. Jeff Moody, president and chief executive officer at Gluskin Sheff, highlights Broadridge’s integration capabilities that have expanded connectivity and application integration to support new business requirements. The firm … Continue reading Wealthtech Gluskin Sheff turns to Broadridge tech

White paper: How to combat fraud in 3 easy steps

March 05, 2019 at 01:45PM Identity theft is the fastest growing crime in the US and accounts for half of all reported fraud in the UK, with 1 in 60 online transactions attempted globally being fraudulent. This white paper by Onfido looks at: 7 ways fraudsters are slipping through the net What to watch out for Efficient and simple ways to combat fraud Provide the details below and this free white paper will be all yours! Name* FirstLast Job title:* Company name:* Industry type* —Please select one—Bank/financial institutionTrading venueSoftware/hardware providerServices providerIndustry body/trade associationGovernment/regulatory organisationConsultancyPR/marketing agencyOther Country:* —Please select one—AlbaniaAlgeriaAmerican SamoaAndorraAngolaAntigua … Continue reading White paper: How to combat fraud in 3 easy steps

White paper: Intelligent business software solutions enabling fintech companies to grow

March 05, 2019 at 10:30AM Fintech is experiencing its heyday. As larger financial institutions are forced to spend more on meeting regulatory compliance mandates, they have smaller budgets for funding innovations crucial to meeting expanding customer expectations. Advances in technology itself have decentralised the financial services industry from its traditional hubs and opened up entirely new markets, especially in Europe and Asia. While Fintech companies themselves promise to ease and innovate on consumers’ financial interactions and partner with major financial institutions to increase access to their technology and services, they often lack the automation in their own financial and accounting … Continue reading White paper: Intelligent business software solutions enabling fintech companies to grow

QuadrigaCX crypto exchange court case calls for $30m payout

March 01, 2019 at 12:28PM A Canadian judge in Nova Scotia has issued an order for the disbursement of more than $30 million that belonged to the insolvent crypto exchange QuadrigaCX. The banks had made it clear they were in uncharted territory. According to CBC News, this court decision follows the crash of the exchange in late January after $190 million went missing from clients’ funds. As FinTech Futures reported last month, the CEO of QuadrigaCX died and up to $190 million in clients’ funds were trapped as a result. This was followed by a Wall Street Journal (WSJ) report, … Continue reading QuadrigaCX crypto exchange court case calls for $30m payout

Banking Technology March 2019 issue out now

March 01, 2019 at 12:01AM Banking Technology March 2019 Pay attention. Fintech in the ascension. The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary. A note from our editor-in-chief, Tanya Andreasyan: Hello spring, time of new beginnings! In the March edition of the magazine, we are looking at the fresh faces of the industry – start-ups, challenger banks and financial services providers, and all those hoping to get a slice of the fintech pie. We’ve put together a comprehensive list of challenger banks … Continue reading Banking Technology March 2019 issue out now

Succeeding with advanced analytics: The accelerator for asset management

February 28, 2019 at 08:00AM Get deeper insights and visibility into your assets and their underlying investment characteristics As a large asset manager you need to be able to unlock data insights traditionally trapped in systems and spreadsheets. Those insights improve processes, reduce cost, mitigate to risk, and monitor progress toward their competitive and strategic business goals. What more can your data do to improve the relationships with your investors and customers? Find out how the Information Builders Accelerator for Asset Management: Portfolio Outlook can help. Accelerators give you a quick start and speed ‘time to value’ for gaining deep insights … Continue reading Succeeding with advanced analytics: The accelerator for asset management

CANADA FX DEBT-C$ claws back losses as oil rises, Fed signals patience

February 26, 2019 at 04:44PM TORONTO, Feb 26- The Canadian dollar was little changed against its U.S. counterpart on Tuesday, reversing an early decline as oil prices rose and Federal Reserve Chairman Jerome Powell signaled patience on raising interest rates further. The price of oil, one of Canada's major exports, rose as OPEC was expected to stick to production cuts despite pressure from… via Banks https://cnb.cx/2H0df0S Continue reading CANADA FX DEBT-C$ claws back losses as oil rises, Fed signals patience

Research paper: The rise of the instant bank

February 26, 2019 at 02:54PM Banks need to keep up with fast-changing customer demands to provide a seamless customer experience. five°degrees have surveyed more than 2,000 UK banking customers in order to explore what customers expect from their banks, and how banks can meet those demands. The 2019 UK Banking Customer Survey conducted by five°degrees reveals: 4 in 10 Brits expect to be able to set up their bank account instantly Challenger banks are leading the way in instant account set up but traditional banks are catching up Traditional banks own consumer market-share and challenger banks are winning business customers … Continue reading Research paper: The rise of the instant bank

Learn how Blockchain is revolutionising data processing

February 22, 2019 at 10:30AM Blockchain technology provides unprecedented levels of visibility, traceability, and accountability, enabling businesses to reduce costs and waste, optimise processes, enforce compliance, and reduce human error. These features lend themselves to a number of financial applications including the creation of audit trails for governance and compliance; combatting fraud; and prevention of money laundering. Blockchain makes it crystal clear where value originated and when, how, and to whom it was transferred – you can see why this new technology is driving business transformation on a global scale. Fill in your details below and receive the Information Builders asset … Continue reading Learn how Blockchain is revolutionising data processing

White paper: Third-party cyber risk

February 20, 2019 at 10:36AM It’s estimated that 65% of today’s cyber breaches are caused by third parties. In order to operate today, businesses rely heavily upon third parties (who then have third parties, and so on). However, the risk posed by these organisations, including suppliers, affiliates, partners, and contractors, has come increasingly into the spotlight. Several high-profile companies have experienced very public and costly breaches that ultimately were perpetrated through their partners and supply chains. This latest white paper from ITC Secure outlines the risks inherent in third-party relationships, the paper draws upon credible recent research to bring attention … Continue reading White paper: Third-party cyber risk

White paper: The opportunities and data management considerations of hybrid cloud

February 12, 2019 at 10:30AM Using multiple cloud services from multiple cloud providers is not the same thing as having a hybrid cloud strategy. Many enterprises have stumbled into the use of multiple cloud environments thanks to tactical, departmentally driven approaches to cloud service adoption, as well as through shadow IT efforts. However, as more companies see the benefit of operating multiple infrastructure environments (both on-premises and off-premises), an increasing number of enterprises are adopting strategies that enable and encourage hybrid cloud adoption. But why are companies deliberately adopting multiple cloud providers? The research presented here by Hortonworks and 451 … Continue reading White paper: The opportunities and data management considerations of hybrid cloud

Morgan Stanley stocks up with $900m Solium acquisition

February 11, 2019 at 01:23PM In its largest deal since the financial crisis, Morgan Stanley will acquire stock plan administration platform Solium Capital for $900 million. “A greater opportunity to establish and develop relationships with a younger demographic” Solium is a provider of Software-as-a-Service (SaaS) for equity administration, financial reporting and compliance. It has offices in the US, Canada, UK, Europe and Australia. “The acquisition provides Morgan Stanley with broader access to corporate clients and a direct channel to their employees, as well as a greater opportunity to establish and develop relationships with a younger demographic and service this population … Continue reading Morgan Stanley stocks up with $900m Solium acquisition

Trulioo: 3 Steps to Know Your Customer

OCTOBER 17, 2016 KYC: 3 Steps to Know Your Customer Republished: November 26, 2018, updated to reflect the latest industry news, trends and insights. Know Your Customer (KYC) procedures are a critical function to assess and monitor customer risk and a legal requirement to comply with Anti-Money Laundering (AML) Laws. Do you know your customer? You better, if you’re a financial institution (FI) or you face possible fines, sanctions and maybe even public ridicule if you do business with a money launderer or terrorist. More importantly, it’s a fundamental practice to protect your FI from fraud and losses due to … Continue reading Trulioo: 3 Steps to Know Your Customer

Death not the end for QuadrigaCX crypto drama

February 08, 2019 at 02:18PM The morbid issue of Canadian crypto exchange QuadrigaCX and $190 million in missing clients’ funds has fintech life in the afterlife. The late Gerald Cotten As reported on 5 February, QuadrigaCX said it cannot repay most of the money in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018. Cotten also filed his will 12 days before he died. The statement on its website about applying for creditor protection in accordance with the Companies’ Creditors Arrangement Act (CCAA) … Continue reading Death not the end for QuadrigaCX crypto drama