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Infosys bites back over Panaya purchase allegations

Infosys

Infosys is fighting back over allegations made by an anonymous whistleblower that its $200 million acquisition of Israeli firm Panaya was a big old mess. The whistleblower says in an email that Infosys’ acquisition price in February 2015 was over the odds, as the company had been valued at $162 million by Israel Growth Partners. […]

El Taamir goes live on Intellect lending suite

Intellect Design Arena

Egypt-based El Taamir Mortgage Finance Company has gone live on Intellect Design Arena’s lending suite. Intellect says the implementation was completed in seven months including data migration. The suite equips El Taamir with automation of regulatory reports for the central bank as per Egyptian mortgage laws and generation of receipts for cash payments. Hassan Hussein, […]

TSB picks Iress for mortgage tech upgrade

TSB 1

TSB has chosen Iress’ mortgage sales and originations (MSO) solution – with the first deployment due to be rolled out to TSB’s intermediary channel in the summer. Branch, telephony and digital will follow in a phased rollout at unspecified times. Ian Ramsden, mortgages director, TSB, says Iress is a “natural fit to support our technology […]

Payments round-up: 21 February 2017

Banking Tech 2

One is the loneliest number that you’ll ever do… so three stories in one will do better. Here’s a round-up of key events to save you time. Featuring Macquarie Bank, Apple Pay and more. The European Banking Authority (EBA) has relaxed its planned rules for increasing choice in how consumers pay for services and products […]

Swift’s KYC registers right notes with Turkmenistan and Uzbekistan

New addition to Swift's network

A number of banks in Turkmenistan and Uzbekistan have signed up to use Swift’s Know Your Customer (KYC) Registry, a centralised repository that maintains a standardised set of information about correspondent banks, funds distributors and custodians required for due diligence processes. In both deals, Swift worked with its business partner in the Central Asia region, […]

Fintech journalist thrilled to receive glossy brochure

A fintech journalist has reached the pinnacle of his career after being given a glossy brochure at the conference “Blockchain and Brexit – tenuously linked over four days”. Jaded hack and scarecrow impersonator Eugene Egmont, reporter at Flabbergasted by Fintech, approached a firm’s stand at the event with good intentions – a quick and lively […]

Valiant Bank chooses Backbase for digital banking overhaul

backbase

Switzerland’s Valiant Bank has selected the Backbase Omnichannel Banking Platform for its banking systems upgrade. The platform will help the bank drive “customer engagement” and “increase manageability across its different channels”. Matthias Häfner, head of digital banking at Valiant, says it chose Backbase “due to its expertise in providing a single omnichannel platform, which will […]

Nasdaq revamps Borse Dubai market tech

021317_borsedubai

Nasdaq and Borse Dubai have signed a new infrastructure agreement for Dubai’s stock exchanges, Dubai Financial Market (DFM) and Nasdaq Dubai, to improve post-trade practices. Under the agreement with Borse Dubai, the parent company of DFM, Nasdaq will deliver a new INET-powered, multi-asset trading technology engine (Nasdaq matching engine), a cash equities clearing module (Nasdaq […]

Russian banks and Mastercard launch fintech accelerator

Russia

Four Russian banks, Ak Bars, VTB 24, Bank Saint Petersburg and Home Credit Bank have teamed with Mastercard to launch the “first collaborative” acceleration programme for fintech in Russia. Strategic consultancy will be done by Accenture, and representatives of the Central Bank of Russia (aka the Bank of Russia), the Ministry of Communications, the Association […]

Visa opens new innovation centre in London

visa

Visa has unveiled its latest and largest innovation centre in London, located at its European headquarters in Paddington Basin. The 1,000+ square metre space will let Visa staff work side-by-side with financial institutions, merchants and other partners to develop new payment solutions. Rajesh Agrawal, London’s deputy mayor for business, says “as a successful fintech entrepreneur […]

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