Category Archives: Uncategorized

EDI Challenges Reference Data’s Big Four

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

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

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

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

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

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

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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Nerdwallet Wants To Make Comparison Shopping For Financial Services Simple

“Most people don’t want to learn about personal finance in detail; they just want to know they aren’t screwing up,” said Tim Chen, who is CEO of Nerdwallet, the comparison site for financial products from credit cards to mortgages. For … Continue reading

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Shazam! Experts Fell For a Fake Product From A Nonexistent Company In A Fraud Test

Cyber security pros and risk analysts should be better than the average person at detecting fraud, but a little over three percent submitted their personal identification information to sign up for an app described as “Shazam for voice identification.” Credit … Continue reading

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Gates Foundation Supports Expansion Of An Open Mobile Banking Platform in Africa

Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group, have announced they will use open source financial services technology that was sponsored by the Bill and Melinda Gates Foundation. The two companies call their … Continue reading

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