Articles with tag: financial institutions

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Standard Chartered partners with Secret Double Octopus

15 Oct 2020 | Digital Identity, Security & Online Fraud

Standard Chartered’s venture capital arm SC Ventures has made a strategic investment in Secret Double Octopus, an Israel-based startup providing passwordless authentication technology.

Standard Chartered, Secret Double Octopus, SC Ventures, strategic investment, Israel, startup, passwordless, authentication, Sony Financial Ventures, telecoms, KDDI, banks, financial institutions, cyber security, online threats

Revolut to apply for local bank charter in the US

13 Oct 2020 | Online & Mobile Banking

UK-based Revolut has revealed its intentions of applying for a banking license in California, seeking to become a regulated bank.

Revolut, UK, US, banking license, bank charter, digital banking, bank charter, brick and mortar bank, California Division of Financial Institutions

OpenPayd, Token to unlock Open Banking for businesses

13 Oct 2020 | Payments General

OpenPayd, an API-led Banking-as-a-Service provider, has teamed up with open banking infrastructure provider, Token.io LTD to bring Open Banking to OpenPayd’s customers.

Open Banking API, banking, payments, OpenPayd, Token, crypto, financial institutions, remittance companies, lenders, online marketplaces, banking payments

Four ways analysing digital behaviour can improve account opening fraud detection

13 Oct 2020 | Digital Identity, Security & Online Fraud

Ayelet Biger-Levin, VP of Product Marketing at BioCatch, allows us to gain insight over how account opening fraud can be detected and/or avoided through studying digital behaviours

BioCatch, behavioural biometrics, fraud, account opening, fraud detection, digital behaviour, financial institutions, pandemic, fraud attacks, digital onboarding, fraud risk

BofA rolls out omni-channel cross-currency transactions approach

09 Oct 2020 | E-invoicing, SCF & E-procurement

Bank of America has released an omnichannel offering that includes API and mobile connectivity in response to the imperatives of cross-currency transactions.

BofA, omni-channel, cross-currency, payments, transactions, Bank of America, CashPro app, app, financial institutions, API, mobile connectivity, trade, FX trades, fx trading

JP Morgan pledges USD 30 bln for reducing racial wealth gap

08 Oct 2020 | Payments General

JP Morgan has declared it would commit USD 30 billion to address racial inequality over the next 5 years, according to Reuters.

JP Morgan, racial wealth gap, racial inequality, Reuters, mortgage, Black borrowers, Latino borrowers, housing project, small business loans, banks, philanthropy, minority suppliers, Bank of America, Citigroup, Community Development Financial Institutions, CDFIs, loans

GLEIF clarifies Validation Agent role for banks and FIs

07 Oct 2020 | Digital Identity, Security & Online Fraud

The Global Legal Entity Identifier Foundation (GLEIF) has introduced a new ‘Validation Agent’ role and explained what it will mean for financial institutions and banks.

GLEIF, Validation Agent, banks, FIs, financial institutions, Global LEI System, LEI issuance, digital innovation, Validation Agent Framework, KYC, AML, onboarding, Local Operating Unit, LOU, know your customer

Featurespace, NatWest partner for payments fraud and financial crime solutions

06 Oct 2020 | Digital Identity, Security & Online Fraud

Fraud prevention and AML software provider Featurespace has announced that UK-based bank NatWest is protecting its customers with the ARIC Risk Hub.

Featurespace, Natwest, payments fraud, financial crime, ARIC Risk Hub, bank, UK, Authorised Push Payments, APP, scams, fraud detection, transaction monitoring, financial crime prevention, machine learning, financial institutions

IBM, Fenergo to support customer onboarding for financial institutions

06 Oct 2020 | Digital Identity, Security & Online Fraud

IBM and Fenergo, a provider of client lifecycle management (CLM) solutions for financial institutions, have announced the availability of IBM Customer Lifecycle Management (CLM) with Fenergo.

IBM, Fenergo, customer onboarding, AML, KYC, financial institutions, IBM Cloud, AI, risk profile, IBM Watson, partnership

SWIFT, IMDA partner for global trade digitalisation

05 Oct 2020 | E-invoicing, SCF & E-procurement

SWIFT and Singapore-based Infocomm Media Development Authority (IMDA) have signed a Memorandum of Intent (MOI) for global trade digitalisation.

SWIFT, IMDA, global trade, digitalisation, Infocomm Media Development Authority, Singapore, Memorandum of Intent, MOI, global trade digitalisation, financial institutions, corporates, cross-border trade, paperless trade, trade processing, trade financing, TradeTrust, framework

Citigroup invests in fintech Genesis

05 Oct 2020 | Online & Mobile Banking

Citigroup has invested in UK-based fintech Genesis, a startup that develops technology for financial firms to build applications such as trading systems, according to Reuters.

Citigroup, fintech, Genesis, investment, financial firms, trading systems, applications, application platforms, banks, financial institutions, coding, IT operations, pandemic

SWIFT rolls out fresh payments strategy

30 Sep 2020 | Payments General

Global payments consortium SWIFT has announced a new plan and strategy for securities processing and cross-border payments infrastructure, according to CPI. 

SWIFT, payments strategy, payments, payments consortium, securities processing, cross-border payments, infrastructure, pandemic, digital transformation, real-time payments, API, open banking, incumbents, financial institutions, end-to-end transactions, reconciliation, reporting, asset servicing

Philippines-based PayMongo secures USD 12 mln Series A led by Stripe

28 Sep 2020 | Payments General

Stripe has led a USD 12 million Series A round in online payment platform PayMongo, as announced by the startup.

Philippines, PayMongo, Stripe, startup, online payments, online payment platform, fintech, businesses, Y Combinator, accelerator program, Global Founders Capital, BedRock Capital, financial institutions, payments API, online payments API, API, apps, bank cards, digital wallets, GrabPay, GCash, commerce, messaging apps, PayMongo Links, fraud, risk detection

Worldline, Unwire partner for public transport transformation

22 Sep 2020 | Payments General

France-based PSP Worldline has partnered with Denmark-based fintech Unwire to accelerate innovative digital payment technology in transportation. 

Worldline, Unwire, public transport, transportation, digital payments, PSP, France, Denmark, Europe, fintech, digital payment technology, Mobility as a Service, Maas, UK, Ireland, payment systems, financial institutions, merchants, mobile platforms, app, smartphones

Citi, JP Morgan, and State Street invest in fintech Capitolis

11 Sep 2020 | Payments General

JP Morgan, Citigroup, and State Street have invested USD 11 million in Capitolis, a US-based technology startup that seeks to help banks use capital more efficiently, according to Reuters.

Citi, JP Morgan, State Street, Spark Capital, Index Ventures, Sequoia Capital, Capitolis, fintech, startup, Reuters, US, United States, banks, capital, software, capital markets, liquidity, financial institutions, trading, financial crisis, risky trades, capital banks, residual trades, derivatives portfolios, investors

QuantaVerse boosts its Financial Crime Investigation Report

10 Sep 2020 | Digital Identity, Security & Online Fraud

QuantaVerse has boosted its Financial Crime Investigation Report (FCIR) so AML cases can be adjudicated more efficiently.

QuantaVerse, financial crime, financial institutions, machine learning

Banking Circle introduces new solutions for payments transparency

09 Sep 2020 | Payments General

Financial infrastructure provider Banking Circle has introduced new Payments on Behalf of (POBO) and Collections on Behalf of (COBO) solutions to tackle compliance and reconciliation issues.

Banking Circle, payments, financial infrastructure, payments on behalf of, POBO, collections on behalf of, COBO, compliance, reconciliation, B2B payments, banks, payments business, cashflow, financial institutions, SWIFT, FasterPayments, CHAPS, SEPA, local clearing

Must-Attend Events in September and October 2020

08 Sep 2020 | Payments General

In a world affected by the pandemic, the events sector pushes onward by shifting from in-person to digital. Here’s what interesting events we recommend attending in September and October 2020

online events, events sector, pandemic, september, october, digital events, banks, financial institutions, fintech, lending industry, seminars, talks, covid-19, anti-fraud, fraud, cybersecurity, merchants, payments, digital platform, iSMG, MPE, Informa, LendIt

Finzly, Derivative Logic, provide interest rate hedging to community financial institutions

01 Sep 2020 | Payments General

Finzly has partnered with Derivative Logic, an independent hedge advisory company that provides hedge structuring and execution capabilities. 

Finzly, Derivative Logic, interest rate, hedging, financial institutions, US, digital banking

Ping Identity launches updated sandbox for open banking in Australia

31 Aug 2020 | Digital Identity, Security & Online Fraud

Ping Identity has announced an update to its Australia-based Consumer Data Right (CDR) sandbox environment enabling financial institutions to accelerate open banking implementation.

Ping Identity, sandbox, open banking, Australia, Consumer Data Right, banks, fintech, financial institutions, CDR rules, data, DevOps, concurrent consent, data holder, data sharing