All articles by : Tanya AndreasyanRSS

VEB issues core banking system tender

Russia

Russia-based Bank for Development and Foreign Economic Affairs (VEB), a state-owned development bank, has issued a tender for new core banking software.

FairFX gains e-money licence with takeover of digital banking service for SMEs, Q Money

Tony Quirke, founder of Q Money and new CFO of FairFX

FairFX, a London-based multicurrency payments service, has acquired Q Money and its e-money licence.

Western Union to pay $586m fine for money transfer fraud

digital-cash-money-virtual-300x108.jpg

Western Union has admitted turning a blind eye as criminals used its money transfer services to launder money and commit fraud. It has agreed to pay a $586 million fine to the US authorities.

FIs and fintechs set up new industry group, Consumer Financial Data Rights

Consumer rights

Financial services and fintech firms in the US come together to form a new industry group – Consumer Financial Data Rights (CFDR) – “to defend consumers’ access to their data and fuel innovation in fintech”.

Misys out, Temenos in, at Persia International Bank

Persia International Bank in major tech overhaul

London-based Persia International Bank, a joint venture of two Iranian financial services groups, Bank Mellat and Bank Tejarat, is undergoing a tech revamp.

Airdrie Savings Bank goes out of business

Airdrie Savings Bank is no more

Airdrie Savings Bank (ASB), the only remaining independent savings bank in the UK, is closing down for good.

Credit Suisse EMEA to outsource structured product business to Delta Capita

Credit Suisse

Delta Capita has been appointed as managed service provider to Credit Suisse EMEA Structured Products business. A number of existing Credit Suisse team will transfer to Delta Capita as part of the deal.

AxiomSL adds Raymond James to customer list

Raymond James

AxiomSL, a regulatory reporting and risk management software vendor, has added financial services firm Raymond James to its customer list.

Daimler Financial Services buys PayCash Europe

Daimler Financial Services muscles into the e-payments space

Daimler Financial Services is acquiring e-payments services provider PayCash Europe, based in Luxembourg. This will enable Daimler to launch its own e-payments service under the Mercedes Pay brand.

Rabobank to modernise payments ops with ACI Worldwide

Real-time payments are coming to you

Rabobank is implementing ACI Worldwide’s UP Immediate Payments solution to support SEPA instant payments.

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