Tagged: digital transformation

August 12, 2021 @ 8:10 am By Omar Faridi  |  

Online lender October is currently active in five different European countries and now it’s the turn of the CEO of October Italy Sergio Zocchi to share his views and insights (after the company’s Netherlands and Spain Chief Executives provided comments during interviews). Sergio Zocchi, who… Read More

August 10, 2021 @ 10:37 pm By Omar Faridi  |  

Finxact, a Core as a Service banking provider, reveals that First Horizon Bank, the super-regional bank based in Memphis, Tennessee, has converted its VirtualBank brand from its legacy core to the Finxact Cloud-core. The conversion represents a key milestone for the new era of Cloud… Read More

August 10, 2021 @ 10:23 pm By Omar Faridi  |  

Facteus, a provider of technology and services to access actionable insights within sensitive data, reveals that it’s now part of the Snowflake Partner Network, mainly focusing on supporting financial services organizations to securely access the scale, speed, and data services (available via the Snowflake Data… Read More

August 9, 2021 @ 10:40 pm By Omar Faridi  |  

The Pakistan Software Houses Association had recommended to the State Bank of Pakistan (SBP) that IT firms should be permitted to use 20% of their export earnings to pay for foreign consultants, digital service providers, vendors (among other requirements) in order to conduct operations and… Read More

August 8, 2021 @ 7:00 pm By Omar Faridi  |  

We recently connected with Yair Benyamini, CEO and Co-Founder of Lendai. Founded during the COVID-19 crisis, the disruptive digital-first lender allows foreign and non-resident investors to buy US properties through an online mortgage approval process that takes around one week. According to Lendai, this is… Read More

August 4, 2021 @ 9:11 am By Omar Faridi  |  

Only a few weeks after finalizing its Series A-2 funding round of almost $3.8 million from 10 different investors, Insurtech Synchrono Group Inc., which offers services under a trademarked brand called SynchronoSure, is introducing another product, company Chief Executive and Chair Steve Hartmank reveals. In… Read More

August 3, 2021 @ 8:24 am By Omar Faridi  |  

London’s Element Ventures, a B2B Fintech-focused VC company, has established a $130 million fund with support from prominent investors. Launched by experienced financial services professionals Stephen Gibson and Michael McFadgen, and joined by Spencer Lake, who is HSBC’s ex- Vice Chairperson of Global Banking and… Read More

August 2, 2021 @ 8:11 am By Omar Faridi  |  

Infinity Maritime has announced a partnership with Lloyd’s Register in order to enhance maritime sustainability As noted in a release shared with CI: “Following on from the announcement of collaboration with … international ship brokers, Infinity Maritime reflects the maritime ecosystem by announcing its partnership… Read More

July 31, 2021 @ 5:43 pm By Omar Faridi  |  

Mendix, a low-code app development platform, reveals that it has partnered with CLEVR. CLEVR employs the world’s largest team of Mendix experts, according to a release shared with CI. The company is on a mission to use low-code and no-code tools “to raise the bar… Read More

July 29, 2021 @ 8:37 am By Omar Faridi  |  

The Board of Directors at Capgemini SE, chaired by Paul Hermelin, convened on July 27, 2021 in Paris in order to review and adopt the accounts of Capgemini Group for H1 2021. Aiman Ezzat, CEO at Capgemini Group, said that Capgemini has been able to… Read More

July 26, 2021 @ 11:49 pm By Omar Faridi  |  

The United Arab Emirates (UAE) ranked first among the Arab nations in FinxAr. As covered, the Arab Monetary Fund introduced the Index of Modern Financial Technologies in the Arab countries (called the FinxAr). The index aims to provide insights on the ongoing developments in the… Read More

July 26, 2021 @ 10:54 pm By Omar Faridi  |  

AIA Malaysia reveals that it will be acquiring a minority stake in TNG Digital, which is the owner of Touch ‘n Go digital wallet. This deal will reportedly be a key part of a long-term strategic partnership. The Edge reported that this transaction should make… Read More

July 23, 2021 @ 10:44 am By Omar Faridi  |  

iPipeline, a provider of low code / no code content-enabled digital solutions and services to the financial services sector, reveals that global reinsurance company, PartnerRe, has decided to adopt the iPipeline’s SSG Digital® Platform in order to expand its international protection portfolio. As mentioned in… Read More

July 23, 2021 @ 8:58 am By Omar Faridi  |  

365.bank has announced that it will be leveraging Backbase’s Engagement Banking platform and Mambu’s Cloud-powered banking platform “to pivot to digital-first banking.” As mentioned in the announcement, 365.bank has chosen Engagement Banking tech provider Backbase in conjunction with Mambu, the SaaS banking platform, in order… Read More

July 21, 2021 @ 11:45 pm By Omar Faridi  |  

Infosys Finacle, which is part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Santander UK, recently revealed that they’ve introduced  Santander UK’s global cash management platform as part of the institution’s digital transformation efforts. Santander Global Connect is a newly-developed… Read More

July 20, 2021 @ 2:28 pm By Omar Faridi  |  

Paro has announced a $25 million Series B funding round. The rapidly-growing startup offers businesses with flexible finance solutions through teams of remote finance professionals in order to help them address problems and support their ongoing growth. Paro, a Chicago-based startup “disrupting” the way firms… Read More

July 19, 2021 @ 7:14 pm By Omar Faridi  |  

Visa (NYSE:V) notes in a comprehensive report that the past year and a half has been quite challenging for many individuals and businesses, with the global COVID-19 pandemic “vastly changing the way we live, work and shop.” Visa has released a detailed report in which… Read More

July 16, 2021 @ 6:34 pm By Omar Faridi  |  

Hong Kong-based digital life insurance firm Blue has confirmed the launch of its WeMedi Top Up (Outpatient) Protector, which is a top-up outpatient plan offered as part of the digital life insurance market. As noted by its management: “Blue is Hong Kong’s first digital life… Read More

July 15, 2021 @ 11:29 am By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, brings to market the next-gen in virtual banking with Temenos Infinity Micro Apps. Temenos Infinity Micro Apps are now able to provide packaged business capabilities (PBC), for banking platforms to quickly develop customized digital customer experiences by adding… Read More

July 12, 2021 @ 7:22 pm By Omar Faridi  |  

The Canadian Imperial Bank of Commerce (CIBC) (TSE: CM), a multinational banking and financial services corporation headquartered in Toronto, Ontario, has entered a multi-year deal to use Microsoft Azure as its main Cloud platform. The partners noted in the announcement that Microsoft Azure should help… Read More