Author Archives: Tom Groenfeldt

About Tom Groenfeldt

I write - mostly about finance and technology, sometimes about art, occasionally about politics and the intersection of politics and economics. My work appears on Forbes.com and and occasionally in The American Banker and Banking Technology in London.

Ohpen Gets New Investment, Adds More Bank Clients

Posted on May 18, 2019 by Tom Groenfeldt

Ohpen, a banking tech firm in the Netherlands that was the world’s first cloud native core banking provider, has announced that its first and long time investor, the investment management firm Amerborgh, has sold part of its shareholding to NPM … Continue reading →

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Pew Blasts CFPB For Reversal On Payday Lending

Posted on May 18, 2019 by Tom Groenfeldt

Midnight on the 15th ended the CFPB’s comment period on its proposal to rescind the payday loan rule to protect borrowers that it had finalized in 2017.Pew said the CFPB rule on payday ending could save consumers billions. “Pew is … Continue reading →

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Arab Tunisian Bank Goes Digital With Temenos

Posted on May 7, 2019 by Tom Groenfeldt

The Arab Tunisian Bank (ATB) has selected Temenos, the Geneva-based banking software company for its digital transformation program. ATB will transform its bank with Temenos Infinity, the breakthrough digital front office product, and Temenos T24 Transact, the next generation core … Continue reading →

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EDI Challenges Reference Data’s Big Four

Posted on May 7, 2019 by Tom Groenfeldt

A relative newcomer to the reference data business, Exchange Data International, is challenging the incumbents for what it terms anti-competitive practices. Specifically, EDI contends that the termination clauses in reference data contracts, which typically require users to return or delete … Continue reading →

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Russia’s Yandex.Money’s E-Wallet Goes Multi-Currency

Posted on April 10, 2019 by Tom Groenfeldt

Yandex.Money, the largest online payments services in Russia, has introduced a new service for multi-currency accounts and cards. In addition to rubles, the service allows users to keep money and pay in 10 foreign currencies: US dollars, euros, British pounds, … Continue reading →

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SETL Clarification – Re-Org, Not Bankruptcy

Posted on March 8, 2019 by Tom Groenfeldt

From the esteemed Julia Streets: SETL announces start of corporate reorganisation further to successful completion and approval of the regulated CSD development  Roadmap to position business for strong financial future. London 07 March 2019, In line with its 2018 strategic … Continue reading →

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OpenFin Wins Award At Trading Tech Summit In London

Posted on March 4, 2019 by Tom Groenfeldt

OpenFin won the Fintech Innovation Award at the TradingTech Summit in London on the 27th February. This award complements OpenFin’s recent accolades, including: winning Best open source initiative at the HFM Technology European Technology Awards 2018; being named FinTech of … Continue reading →

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Why The Fed Will Create Its Own Real-Time Payments System

Posted on February 27, 2019 by Tom Groenfeldt

Prediction — The Federal Reserve will announce before Labor Day that it will build a real-time payment system to offer an alternative to the system that has been started by TCH and Mastercard using the Vocalink technology it acquired when … Continue reading →

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Payments Are Moving To Real-Time Around The World, The U.S. Plays Catch-Up

Posted on December 31, 2018 by Tom Groenfeldt

Payment systems are moving to real-time around the globe, according to a the fifth annual “Flavors of Fast” report from FIS, the financial technology powerhouse. The annual report was begun by Clear2Pay, which FIS acquired in 2014. FIS found 40 … Continue reading →

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Money 2020 USA Hackathon Aimed At Financial Health And Inclusion

Posted on December 31, 2018 by Tom Groenfeldt

The Money 2020 USA Hackathon in Las Vegas this year set a challenge of financial inclusion. “Help Visa create a future where consumers, families, or small businesses are able to reach their financial goals using innovative solutions. Join us to … Continue reading →

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