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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

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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.

Fintech tour Hong Kong: Blueprint for start-up success

Blueprint accelerator, Hong Kong

Hong Kong-based tech accelerator Blueprint is calling out to the region and the world for start-up applicants.

Fintech tour Hong Kong: Ayannah triumphs in start-up final

Next Money Fintech Finals 2017, Hong Kong

Philippines-based Ayannah, a provider of financial services to migrants and the unbanked, was the overall start-up winner in the Next Money Fintech Finals 2017 in Hong Kong.

Finra highlights possibilities of blockchain tech for the securities industry

Finra examines blockchain

Financial Industry Regulatory Authority (Finra), a non-governmental organisation that regulates member brokerage firms and exchange markets in the US, has published an extensive report, evaluating the implications of blockchain for the securities industry.

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.

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