TangoPay and ThetaRay Join Forces to Fortify Global Remittance Security

September 27, 2023

TangoPay, a UK-based Authorised Payment Institution, and ThetaRay, renowned for its next-generation AI-driven global payment security, have announced a strategic collaboration. Together, they aim to bolster the defences of TangoPay’s international payment platform against potential financial criminal activities.

Bold Penguin has joined forces with Next Insurance, to offer users unparalleled access to Next's general and professional liability products.

Bold Penguin partners with Next Insurance

September 27, 2023

Bold Penguin has joined forces with Next Insurance, to offer users unparalleled access to Next's general and professional liability products.

Online lending can be a more profitable asset class than stocks, bonds and real estate, according to the latest research by the Gillmore Centre for Financial Technology. The research revealed that the newly developed framework of general characteristics-based portfolio policies (GCPP) can achieve an average rate of return of 8.86 to 13.08 percent each year in an extensive data set of online loans collected from LendingClub. This significantly outperforms an equal-weight portfolio of loans. The paper ‘Gaining a Seat at the Table: Enhancing the Attractiveness of Online Lending for Institutional Investors’ recommends that institutional investors “gain a seat at the table” when it comes to online lending, warning that investors may miss the boat due to a lack of awareness and understanding of the asset class. Ram Gopal, Director of the Gillmore Centre for Financial Technology at Warwick Business School and Co-Author, said: “Online lending is in danger of slipping by and costing institutional investors, in particular, a lot of money. Limited awareness of this emerging asset class and the accompanying lack of understanding in industry, coupled with stringent government regulations, has led to this high potential investment flying under the radar.” “Online lending through a GCPP framework can have a transformative impact on institutional investors and unlock business growth for many organisations. Industry leaders and asset platforms should work together to ensure that businesses and investors collaborate on appealing investment opportunities that provide high pay-offs, underpinned by the research of world-class institutions that can lead innovations in emerging opportunities such as online lending.” Morris Strub, Associate Professor at the Gillmore Centre for Financial Technology and Co-Author, commented: “The absence of effective frameworks for investment in online loans and other new asset classes continues to complicate the investment landscape. But the Gillmore Centre’s development of GCPP can help sophisticated investors to harness the potential of new asset classes emerging from Financial Technology. Our framework can be applied not only for investment on online lending platforms, but also for traditional assets such as stocks or bonds. The paper was authored by a quartet of leading university academics including Ram Gopal, Director of the Gillmore Centre for Financial Technology at Warwick Business School; Xiao Qiao, assistant professor at the School of Data Science at the City University of Hong Kong; Moris Strub, associate professor at the Gillmore Centre; and Zonghao Yang, PhD student at the City University of Hong Kong.

Wilshire Indexes turns to Alveo’s DaaS for corporate actions data optimisation

September 26, 2023

Wilshire Indexes, a premier global benchmark platform, and Alveo, a top-tier provider of cloud-based market data management services, have embarked on a partnership.

Tietoevry Tech Services, renowned for its transformative solutions aimed at enhancing business agility, security, and efficiency, has proudly announced the renewal of its collaboration with Cargotec.

Tietoevry Tech Services extends its partnership with Cargotec

September 26, 2023

Tietoevry Tech Services, renowned for its transformative solutions aimed at enhancing business agility, security, and efficiency, has proudly announced the renewal of its collaboration with Cargotec.

Starfish Digital and Standard Chartered’s game-changing venture for real-time cash management

September 26, 2023

Starfish Digital, a Singapore-based fintech platform, has announced a strategic partnership with Standard Chartered, a renowned international banking group.

Amazon is stepping up its presence in the AI landscape with a colossal investment of up to $4bn in the AI startup, Anthropic.

Amazon to invest up to $4bn in AI startup Anthropic

September 26, 2023

Amazon is stepping up its presence in the AI landscape with a colossal investment of up to $4bn in the AI startup, Anthropic.

Award-winning FinTech Snoop has partnered with data analytics company Starcount to introduce SpendMapper, a new self-service business intelligence dashboard.

Snoop and Starcount partner to launch Spendmapper

September 25, 2023

Award-winning FinTech Snoop has partnered with data analytics company Starcount to introduce SpendMapper, a new self-service business intelligence dashboard.

Veem, a leading provider of global accounts payable and receivable solutions for businesses, has expanded its real-time payment capabilities, by releasing of virtual cards for small businesses in the U.S.

Veem expands real-time payments capabilities

September 25, 2023

Veem, a leading provider of global accounts payable and receivable solutions for businesses, has expanded its real-time payment capabilities, by releasing of virtual cards for small businesses in the U.S.

Microsoft partners with Greenomy for advanced RegTech solutions

September 25, 2023

Greenomy is setting a new precedent by partnering with Microsoft to offer ESG Data and RegTech solutions to both corporates and financial services institutions.

Finastra and Corvallis boost instant payments for Italian banks

September 25, 2023

Finastra, a dominant force in the global financial software space, has today extended its partnership with Corvallis, Tinexta Group, a luminary in IT services within the Italian financial landscape.