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Travelex unveils new API-led B2B fintech platform 'Travelex Business'

Travelex, a Finablr company and a market leading independent foreign exchange specialist, has today unveiled its new B2B fintech platform, Travelex Business. Travelex Business allows the company's partners including banks, credit unions, retailers and digital technology companies, to access a broad range of payments and foreign exchange services in one place. The launch of the Travelex Business platform follows a four-year digital transformation project. Travelex Business leverages the strengths of Finablr's network and capabilities and combines it with a state-of-the-art cloud-ba ...

17.09.2019

65% of banks struggle with payment profitability according to Aite research

London, 17th September 2019 – Aite Group, a global research and advisory firm in financial services, today launches a new report “The Payments Transformation Race: Criteria for Success”, commissioned by Icon Solutions. Based on a global survey of senior executives at the world’s top-tier banks, it reveals that high costs, low margins and increasingly commoditised business models are eroding payment profits, resulting in some services failing to break even. On the upside, it shows a clear link between payment transformation priority and profit, with those banks committed to investment demon ...

17.09.2019

New study: How can regulators tackle the threat posed by Facebook’s Libra and stablecoins?

London 12th September 2019 – Moorwand, a dedicated BIN sponsor that turns compliance into a competitive advantage, has today launched a new whitepaper Regulating Instability Coins. The whitepaper - authored by Robert Courtneidge, CEO of Moorwand and one of the world’s top 10 payment lawyers - proposes regulatory principles for stablecoins like Facebook’s Libra. Regulating Instability Coins is a meta-analysis of over 20 reports on the issue of stablecoins, including FATF’s “Guidance on virtual asset service providers”, the FCA’s final “Guidance on Cryptoassets” and BIS’s “Big Tech in Finance ...

12.09.2019

Touchstone selects Sequrest to provide its Principal Cyber Defence capability

London, England. Sequrest Ltd (www.sequrest.com) proudly announces that global wealth management systems provider Touchstone has engaged with Sequrest to deploy best practice cyber security defences. Touchstone has experience implementing its solutions for clients in 30 jurisdictions world-wide, and has offices in Jersey, Singapore and Australia. Sequrest will deliver cyber security services directly to Touchstone’s business, and will also be able to provide cyber security services to Touchstone’s growing client base, as required. Sequrest facilitates its services delivery through its ne ...

10.09.2019

Gold Anchor Digital Token GRP was Launched in August 2019

SINGAPORE, Sept 4, 2019 - (ACN Newswire) - In Aug 2019, the gold anchor digital token GRP was born. GRP (Gold Rush Protocol), with 100% gold underpinning, is a token issued by TOOK Blockchain, strongly integrated with Oceania Mining (WAU) Ltd. It is also a valuable digital asset token issue, based on the gold mining value of WAU Gold Mine. In 1H 2019, Bitcoin rose from less than $3,500 to more than $10,000, reaching 131.3%. The digital currency market has once again attracted attention. At the same time, however, financial issues such as opaque, deferred payments and over-payments for most ...

05.09.2019

Logicalis acquires a Microsoft services partner in Germany to enhance its hybrid cloud offering

London, 3rd September 2019 - Logicalis, an international IT solutions and managed services provider, has acquired Orange Networks, a Microsoft services business focused on Microsoft cloud and managed services, with Germany wide presence including Hamburg, Munich, Offenbach and Düsseldorf. This acquisition advances Logicalis Germany to Microsoft Gold Certified Partner status and enhances its hybrid cloud offering. Orange Networks was founded in 2004 with its headquarters in Hamburg. With its strategic and technical expertise in Microsoft cloud technologies and innovation, the company support ...

03.09.2019

KYC compliance costing banks €50 million a year as financial sanctions soar

London, UK., 3 September 2019 – A typical European bank, serving 10 million customers, could save up to €10 million annually and avoid growing fines by the regulator by implementing technology to improve the ‘Know Your Customer’ (KYC) processes, according to new research from Mitek and Consult Hyperion. The report, The Cost of Compliance and How to Reduce It, found that following new EU Anti-Money Laundering (AML4/5) and Counter-Terrorist Financing (CTF) rules extending the scope of KYC requirements, the annual cost of punitive non-compliance fines has risen to €3.5 million. When things go ...

03.09.2019

Shanghai International Blockchain Week 2019 unfolds in September

SHANGHAI, Sept 2, 2019 - (ACN Newswire) - Shanghai International Blockchain Week 2019, including The Fifth Global Blockchain Summit, will take place this September, with Wanxiang Blockchain Labs again hosting one of the world's most widely recognized blockchain summits, for four consecutive years. It has been a decade since the release of Bitcoin's Whitepaper, during which time the evolution of blockchain technology has been omnipresent, with its performance, scalability, privacy and design remarkably improved. What will happen to the blockchain industry in the next decade? The ...

02.09.2019

Blockpass Releases New App UI, Upgraded Merchant Dashboard and Developer Portal

HONG KONG, Aug 28, 2019 - (ACN Newswire) - Hong Kong-based eKYC provider Blockpass has released an all new version of its proprietary Mobile App and Merchant Dashboard today. Aiming to simplify the often arduous process of completing KYC and digital identity verification, the new releases streamline the compliance process and provide simplified user onboarding. One-Click Onboarding Gets Even Easier The Blockpass App has relaunched with a cleaner design and simplified features, allowing users to easily see their services as well as find and sign up for new ones. Users applying for a new s ...

28.08.2019

Fintech mega-deals lead to record-breaking $120 billion transaction value in 1H2019, reveals Hampleton Partners’ research report

London, UK – 20 August 2019 - Three fintech mega-deals totalling $87 billion set the scene for a record-breaking $120 billion in disclosed transaction value for the sector in a ‘white-hot’ first half of 2019, reveals Hampleton Partners, in its latest global Fintech M&A Market Report. Hampleton Partners, which specialises in international technology M&A and corporate finance, noted that all three of the top transactions were in the payments processing segment: Fidelity National Information Services acquired Worldpay for $43.6bn; Fiserv acquired First Data for $22bn and Global Payment ...

20.08.2019

JCB partners with EVO Payments to enable JCB card acceptance for merchants in the UK and Ireland

London, Aug 19, 2019 - (ACN Newswire) - JCB International, Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., today announces a partnership with EVO Payments to enable JCB payment acceptance across the UK and Ireland. The enabling of the EVO merchant portfolio increases JCB acceptance at small-to-medium sized businesses, particularly merchants utilizing integrated payments, and grants JCB additional access to ISV providers who are especially active in the UK. The UK and Ireland partnership follows a successful trial in Poland in 2017 when JCB acceptance was enabled for ex ...

19.08.2019

Blockpass to list PASS on GlenBit from 16 August

HONG KONG, Aug 15, 2019 - (ACN Newswire) - Blockpass has announced that it will list its native utility token, PASS on Scotland-based cryptocurrency exchange GlenBit beginning on 16 August 2019. The announcement comes off the back of the earlier news that GlenBit has integrated the Blockpass KYC Connect platform for easy and streamlined KYC verification of its users. To kick off the listing and celebrate the successful integration, Blockpass has announced it will give 400 PASS tokens to the first 1000 users of the GlenBit platform who complete their KYC using the Blockpass App. GlenBit i ...

15.08.2019

The Blockpass Quiz Campaign Registration Will Close Tomorrow

HONG KONG, Aug 14, 2019 - (ACN Newswire) - There's only one day left to register to participate in the newly revamped Blockpass Quiz campaign for the chance to win $1000USD in PASS tokens. Following numerous successful campaigns over Telegram, Blockpass has brought back the Blockpass Quiz to reward its user base. Registrations will close at 10am GMT on Thursday August 15, 2019. The Blockpass Quiz will consist of a number of questions which will be sent out via email to those that register to participate using their Blockpass identity (only name and email required). Once the registratio ...

14.08.2019

FXCPD Management launched Its FERS Fund on July 29

LONDON, Aug 14, 2019 - (ACN Newswire) - FXCPD Management Ltd is pleased to announce FERS (FX Enhanced Returns Structured Strategy Fund) has launched globally. The Fund went live on July 29, 2019. Mr Gerald Robinson, founder of FXCPD, said, "The FERS Fund is a combination of defensive and offensive approaches towards FX options and FX trading, utilizing sophisticated hedging strategies with many formulas integrated." FXCPD Managing Director, Mr Mike Lam said, "With this innovative approach, it is now possible for advisers to apply these 2 investment strategies within a sing ...

13.08.2019

Carbon Black Threat Analysis Unit (TAU) Uncovers Significant Evolution of Popular Cryptomining Campaign Affecting More than 500,000 Computers

Reading, UK – 7th August 2019 -- Carbon Black (NASDAQ: CBLK), a leader in cloud-native endpoint protection, today released a threat report outlining how a well-known cryptomining campaign has been enhanced to steal system access information for possible sale on the dark web. Dubbed “Access Mining” by Carbon Black researchers, this particular attack stands to affect more than 500,000 computers around the world. The methods used could pave the way for more dangerous and far-reaching attacks as threats considered lower priority can open the door for more advanced, targeted attacks that can be ...

07.08.2019

DOHOME celebrates opening day, rising 6% on the SET

- Strengthening its position as leading Thai provider of home furnishings and building materials with new business model targeting countrywide expansion BANGKOK, Aug 6, 2019 - (ACN Newswire) - Dohome PCL (SET: DOHOME), a leading retailer of home furnishing products and building materials, saw its shares rise by more than 6% today, its first day of trading on the Stock Exchange of Thailand (SET). This follows an initial public offering (IPO) of 465.04 million ordinary shares, with 56.16 million over-allotment, at an offering price of THB 7.80 per share. DOHOME seeks to employ the new capital ...

06.08.2019

Introducing the All New Blockpass Marketplace and a Chance to Win $1000USD!

HONG KONG, Aug 6, 2019 - (ACN Newswire) - On the Blockpass website you can now find the all new Marketplace (http://www.blockpass.org/marketplace), which provides an easy route for users to find and sign up for campaigns, exchanges, wallets and other services that have integrated with Blockpass. The Marketplace is designed to be a one-stop shop for those looking to use their Blockpass identity to access services and opportunities where they remain in control of their personal information. Blockpass is a one-click compliance gateway to financial services, regulated offerings and virtual bank ...

06.08.2019

WIKA's Net Profit in 1H-2019 Grows 60.48% Year-on-Year (YoY)

JAKARTA, Aug 2, 2019 - (ACN Newswire) - PT WIJAYA KARYA (Persero) Tbk. (WIKA) booked a net profit of Rp1.015 trillion in the first half of 2019, a 60.48% increase year-on-year (YoY) from Rp632.52 billion recorded in the same period in 2018. WIKA's President Director, Tumiyana remarked that the achievement was the product of, among others, the Company's effort to improve quality and efficiency. As a result, the Company generated a net profit margin of 8.93% from sales of Rp11.36 trillion. "We aim to become a leading company in engineering, procurement, and construction (EPC ...

02.08.2019

29 percent of UK SME finance managers likely to switch their bank account in the next five years

London, UK, August 1 2019: Finastra today unveiled the results of a survey with YouGov exploring the attitudes of more than 450 UK SMEs to banking, and their appetite for new products and services. The research found that some 29 percent of SME finance managers are likely to switch their main bank account in the next five years. The full findings, summarized in a report: ‘SME Opportunities for Digital Banks’, reveal some interesting insights and opportunities for challenger banks. With some 5.7 million SMEs[1], making up 99 percent of businesses in the UK, this is a potentially lucrative secto ...

01.08.2019

New study: How disposable technology will re-define the payments value chain?

London, 31st July 2019 — Tribe Payments, a team of industry experts dedicated to delivering the future of payments, has published a study on the effect of disposable technology on payments. The paper looks at the common use of modular technology by fintechs, and how legacy players without it are struggling to keep pace. Modular technology allows payment providers to be more flexible and enables innovation. Many legacy providers have complex, highly integrated back-end infrastructure, which makes adding new services near-impossible, responding to market trends slow, and even small changes di ...

31.07.2019


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