deVere appoints Donatas Kontrimas as GM of its challenger bank, deVere Vault
Donatas to lead fintech company so it can move faster and be more agile than the more established players...
Category : Fintech
Celent’s corporate banking practice welcomes Alenka Grealish
She will be researching corporate banking...
New SmartBill Robot Targets £4bn in Wasted Subscription Payments
Nikhil Shah, CEO of SmartBill, announced the launch of the UK's first subscription management platform. The Y-Combinator advised startup has created a robot for locating, tracking and managing bills to avoid ‘subscription traps’ and save money....
Genpact to transform F&A operations with blockchain technology
Digital solution reimagines processes and drives smart contracts, eliminating billing errors and dramatically speeding payments...
Duqm SEZ wins two IFM awards
SEZAD Deputy CEO Ismail Bin Ahmad Al Balushi accepted the awards on behalf of the Authority...
Technology will boost economic growth, stagnate wages
This is what BBVA Compass economists say in their latest research December 17, 2016: Information technology is predicted to boost the US productivity growth rate, but digitization efforts may subdue compensation growth, BBVA Compass economists say in their latest research. The productivity growth rate has significantly slowed to 0.5 percent over the last five years. Economists...
Citi launches global API developer portal to allow open banking
IFM Correspondent The banking giant joins hands with developers and consumer brands to lead innovation November 17, 2016: American banking behemoth Citi unveiled a new global application programming interface (API) developer portal on November 10, which it says is the most comprehensive one available in today’s financial services market. The portal enables Citi to connect...
Companies shifting R&D spending to software and services
PWC’s Strategy& study says there is a shift away from product-based offerings October 27, 2016: By 2020, companies will have shifted the majority of their R&D spending away from product-based offerings to software and service offerings, according to the 2016 Global Innovation 1000 Study from Strategy&, PwC’s strategy consulting business. The need to stay competitive is the top reason...
Tech companies beat banks in political lobbying in the US
Silicon Valley spend is double that of banks IFM Correspondent October 27, 2016: That banks in the US cozy up to politicians is known to all. However, a study by Bloomberg shows that it is no longer just Wall Street, but also Silicon Valley which is getting into political lobbying. Bloomberg has stated that the...
Verifone introduces advanced commerce capabilities
It will empower merchants with meaningful consumer interactions October 26, 2016: Verifone, a world leader in payment and commerce solutions, reimagines what can be delivered through the point-of-sale (POS) with the Verifone V400m, a payment device. A part of the fully-integrated, Linux-based Verifone Engage family, the V400m is a result of the strategy at Verifone...