Financial Services & Insurance

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Kofax Transforms Accounts Payable Workflows with Intelligent Automation

London, UK – December 2, 2020 – Kofax®, a leading supplier of Intelligent Automation software for digital workflow transformation, today announces continuing innovations across its portfolio of invoice and accounts payable solutions – further improving organisations’ ability to rapidly transform mission-critical processes within accounts payable processes with automation. Of the projected $42B in enterprise spend for Intelligent Automation solutions over the next five years, 40 percent is expected to be dedicated to finance and accounting transformation, [1] and more specifically automatin ...

02.12.2020

Home of the Crypto Community, Holdex Implements the VerifEye Badge to Authenticate User's Identity Using Blockpass

HONG KONG, Dec 1, 2020 - Blockpass' strategic partner, Holdex will be implementing the VerifEye Badge on its compliant ICO platform to authenticate users' identities that are verified by the Blockpass. The partnership between Blockpass and Holdex started in 2018 through the integration of Blockpass' flagship KYC product, KYC Connect(TM) into the Holdex Platform. Blockpass then announced an investment in the same year to strengthen the relationship. Blockpass' seamless, compliant solution allows industrial grade due diligence process which synergizes Holdex's goal to ...

01.12.2020

World’s first tradable carbon token is set to democratize access to the most important new asset class for generations

• Universal Carbon [UPCO2] is the world’s first retail-accessible carbon credit token. • Each Token represents one year-tonne of CO2 or equivalent reductions from certified REDD+ voluntary projects in the world’s rainforests. • Available on Uphold now to trade, or to offset carbon footprints. NEW YORK - December 1, 2020 The Universal Protocol Alliance (UPA), a coalition of leading blockchain companies including Bittrex Global, Ledger, CertiK, InfiniGold and Uphold, today launches Universal Carbon [UPCO2], the world’s first tradable carbon token on a public block ...

01.12.2020

Fujitsu, JCB, and Mizuho Bank to Test Digital Identity Interoperability

TOKYO, Oct 15, 2020 - Fujitsu Limited, JCB Co., Ltd. and Mizuho Bank, Limited. today announced a joint demonstration trial aimed at further advancing a digital society in which digitally managed information attributable to individuals (i.e. ID information) can be safely and securely transacted online, distributed and linked between different industries. In the demonstration, JCB and Mizuho Bank will verify mechanisms to securely exchange and link participant ID information, such as names, addresses, and employers, on a cloud platform built by Fujitsu. Approximately 100 Fujitsu Group employe ...

29.11.2020

Newly Launched Bitcoin Latinum Set to Become World's Largest Insured Digital Asset

PALO ALTO, CA, Nov 28, 2020 - Bitcoin Latinum, the next-generation Bitcoin fork capable of massive transaction volume, digital asset management, cyber security, and capacity is announcing its official pre-sale launch. Bitcoin Latinum will trade under the symbol LTNM with a total supply of 888,888,888 LTNM [verifiable by LTNM]. Bitcoin Latinum is now available for pre-sale on www.bitcoinlatinum.com and will be available on exchanges in 2021. Marsh & McLennan, one of the world's leading specialty insurance brokers and risk advisers, has been appointed to arrange a comprehensive in ...

27.11.2020

APEX Network and Red Pulse Phoenix to Merge and Develop Horizon DeFi Platform

SHANGHAI, Nov 27, 2020 - After months of meticulous planning and discussion, the blockchain projects APEX Network and Red Pulse Phoenix have made a strategic maneuver to combine their platforms and ecosystems through a merger that will create a comprehensive enterprise data blockchain platform. The merger creates a larger, more powerful infrastructure and ecosystem, effectively leveraging the best resources both companies have to offer (technology, platforms, token economics, liquidity, human talent, investor base, and marketing). This is the first notable instance of a token merger. The ...

27.11.2020

Post Bank launches JCB merchant acquiring operations

Moscow & Tokyo, Nov 25, 2020 - JSC Post Bank, a universal retail bank established by VTB Group and Russian Post, has launched JCB merchant acquiring operations. JCB cardholders now have the opportunity to withdraw cash from all ATMs of the bank (over 4,800 ATMs), as well as to pay for goods and services using Post Bank's POS terminals (over 55,000) located in the offices of the Russian Post.[1] "Post Bank is actively developing cooperation with payment systems to provide convenient payment services and tools. Thanks to the partnership with JCB, more cardholders will now be abl ...

25.11.2020

Study: 1 in 10 fintechs’ main priority for 2021 is survival

LONDON, UK – 24th November 2020 - FinTech Connect, the trade show that connects the global fintech ecosystem, today revealed the priority for one in ten fintech firms over the next year is survival. The findings from FinTech Connect’s FinTech State of Play Benchmarking Report, which is based on a survey of 144 fintech professionals, explores the biggest industry issues of 2020 and looks forward to what 2021 has in store. Impact of Covid-19 As remote working and living remains a priority to keep customers safe, fintechs have adapted their offerings. Although a number of other sectors inclu ...

24.11.2020

Blockpass Supports Permissionless DeFi Protocol UniLend Fundraiser with KYC & AML Screening

HONG KONG, Nov 24, 2020 - Blockpass today announced a successful working partnership with UniLend, the decentralised finance (DeFi) platform. UniLend recently conducted a successful fundraiser, with Blockpass providing the requisite KYC and AML provision in order to meet regulatory compliance. By handling the compliance measures, the UniLend team were able to focus their efforts on the actual fundraising process. UniLend is a permissionless decentralized protocol that combines spot trading services and money markets with lending and services through smart contracts. The integrated smart con ...

24.11.2020

Cerillion boosted by larger contracts and managed services growth in record financial year

London, 23rd November 2020 – Cerillion (AIM: CER), an innovator in digital monetisation and customer management solutions, today announced its audited results for the financial year ending 30th September 2020, with revenue up 11% to £20.8m, adjusted profit before tax up 7% to £3.7m and back-order book up by 41% to £31.0m. A proposed final dividend of 3.75p takes the Company’s total dividend for the year to 5.5p per share, a 12% increase on last year. Despite the global coronavirus pandemic, Cerillion has continued to perform well across all areas of the business, quickly transitioning to re ...

23.11.2020

FintechOS launches Lighthouse its next generation platform for banks and insurers

Bucharest & London – 19th November 2020: FintechOS, the global technology provider for banks, insurance and financial services companies, today launched Lighthouse, an end-to-end platform that accelerates digital transformation for banks and insurers. Lighthouse includes a range of product and UX enhancements that allows institutions to bring innovation to market faster by removing overdependence on technical teams. Digital transformation is at the top of the agenda for many banks and insurers, but these strategies are often lengthy, complex, and costly. Rather than undertake long and e ...

19.11.2020

FE Credit to issue JCB Card in Vietnam

HO CHI MINH & TOKYO, Nov 19, 2020 - VPBank Finance Company Limited (FE Credit) and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand announced the launch of the FE Credit JCB Credit Card. The new FE Credit JCB Card has 2 different card grades: FE Credit JCB Plus Card and FE Credit JCB Gold Card. The holders of FE Credit JCB Card can access JCB's acceptance network with about 34 million merchants around the world. FE Credit pioneered Credit Cards for category entrants and first time card users in V ...

19.11.2020

ebankIT promotes a webinar on the future of banks

ebankIT promotes the discussion of building ecosystems as a way to deal with change and the new times that are approaching Porto, November 18, 2020 – ebankIT, an international company that develops an omnichannel digital banking platform, promotes on November 19th at 3 pm together with unblu, MiTek and ITSCREDIT, a webinar entitled: “Building Ecosystems: how to accelerate the future of banks”. Registration available at https://resources.ebankIT.com/webinar-building-ecosystems. ebankIT brings together around this theme some of the most relevant companies in the technological and financ ...

18.11.2020

JCB sees contactless growth among cardmembers and retail partners, as economic uncertainty accelerates mobile payments

London & Tokyo, Nov 16, 2020 - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., today reveals substantial growth of JCB Contactless usage by cardmembers and adoption by retail partners. The findings are part of an exclusive new whitepaper issued by JCB International Co., Ltd., titled 'Payment Perspectives and Future-Gazing'. The whitepaper includes insights from JCB business leaders evaluating some of the challenges and opportunities presented to stakeholders in the payments sector as well as the heightened expectations of customers as a r ...

16.11.2020

Advisory Firm Avonhurst Announces BCI Finance Transaction

LONDON – Avonhurst acted for BCI Finance, a direct lending fund, in relation to the financing (together with NatWest bank) of the acquisition of a consumer loans portfolio from Huddle Finance 2 Limited. The portfolio was purchased by Verdam Limited with Salary Finance Limited acting as the Servicer. The transaction represented a return to the existing lenders to Huddle Finance 2 and added a new type of asset to BCI’s investment portfolio, whilst providing a new structured and management solution for the underlying loan book. Finance partner Ian Frost led on the matter with assistance from ...

13.11.2020

Tribe Payments is first issuer processor to launch Open Banking APIs

New infrastructure allows banks and fintechs to harness the power of Open Banking without investing in their own APIs London, 12th November 2020 – Tribe Payments, an issuer/acquirer processor and payment technology provider, today launched Open Banking APIs in partnership with Open Banking Europe. Tribe is the first issuer/processor to allow Tribe’s bank and fintech clients to harness the power of Open Banking without developing their own APIs. On one side, Tribe’s Open Banking APIs allow bank and fintech customers to initiate and permission data and payment requests within their existing ...

12.11.2020

European financial institutions lose almost two thirds of applicants during onboarding

Trondheim, Norway 3rd November 2020: Signicat, the Trusted Digital Identity™ company, today revealed new research that shows 63% of consumers in Europe have abandoned financial applications in the past year. The survey results—conducted in May and June 2020 during Europe-wide COVID-19 restrictions—are the worst since the report debuted in 2016 and show a sharp increase of 23 points from the 40% abandonment rate in 2019. The fourth edition of Signicat’s annual study The Battle to Onboard 2020: The impact of COVID-19 and beyond is based on a survey of 4,000 adults across Belgium, Finland, Ge ...

03.11.2020

Hilltop Credit Partners completes £2m loan for residential development in Latton, Wiltshire

London, 3rd November 2020: Funds advised by Hilltop Credit Partners, a specialist funding partner for SME residential developers, have completed a £2m loan to Pars Developments to fund a private residential development in the Wiltshire village of Latton. The development sits on the edge of a National Nature Reserve and is a short drive from both the Cotswolds and Swindon. The facility will be used to fund the site acquisition, development of four new detached houses, and refurbishment of an existing semi-detached house; the facility also includes a VAT bridge loan. The target audience for t ...

03.11.2020

Avonhurst advises Phenna Group on agreed Inflexion minority investment

LONDON – Avonhurst advised the management of Phenna Group on Inflexion’s agreed minority investment in Phenna Group. Phenna Group is a business focused on the testing, inspection, compliance and certification (TICC) sector and has grown rapidly in the past two years with operations in the United Kingdom, the United States, Ireland and Australia. This investment is subject to regulatory approval. Corporate partner Emmanuel Amos led the Avonhurst team, which consisted of senior associate Joshua Swerner, associate Tanya Macrae and trainee Jennifer Falconer-Hall. This transaction further adds t ...

02.11.2020

PK Financial Planning has been ranked 60th on FTAdviser's list of Top 100 Financial Advisers 2020

PK Group is delighted to announce that PK Financial Planning has been ranked 60th on FTAdviser's list of Top 100 Financial Advisers 2020. Commenting on this achievement, PK Group’s CEO, Patrick Kennedy, said “It’s a great honour to be recognised by FTAdviser as a Top 100 firm. This has been made possible by the professionalism and dedication of our great team who deserve our thanks not only for their hard work but for adapting seamlessly to a virtual model during such difficult times. We look forward with confidence to the future.” Martin Crawley-Boevey, Head of Financial Planning, ...

02.11.2020


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