Fintech Interview with Jun Li, Founder at Ontology
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Virginia National Bankshares Corporation Completes Merger with Fauquier Bankshares
Virginia National Bankshares Corporation, parent company of Virginia National Bank, announced today the completion of its merger of equals transaction with Fauquier Bankshares, Inc. (“Fauquier”), parent company of The Fauquier Bank. Following the completion of the merger and based on financial information as of December 31, 2020, Virginia National has......
Global PayTech Ventures (GPT) Invests in Silverflow and Its Revolutionary Payment Processing Platform
Amsterdam-based Silverflow provides the first cloud-native card payments platform that connects directly to card networks Global PayTech Ventures (GPT) announced its recent investment in Silverflow whose cloud-native platform is able to bring speed, innovation and significant cost savings to the payment processing ecosystem. While large segments of the payments infrastructure have......
Walgreens Announces Further Expansion of Its Financial Services Business Strategy with InComm Payments
Walgreens offers a new bank account with the debit card Mastercard to take advantage of the InComm Payments platform InComm Payments Enhances Walgreens Brand Gift Card Program Walgreens announced an agreement with InComm Payments , a leading global payments technology company, to provide convenient and affordable financial services options to its......
Duco Transforms Operational Automation by Adding No-Code Data Preparation Product to Its Platform
Leading data automation company Duco announces the release of its new cloud-based data preparation product, giving non-technical users in mission-critical and regulated environments the ability to bring together data from disparate systems and sources without coding, and thereby accelerating their digital transformation journeys. Large companies with mission-critical data such as in financial services, insurance, telecommunications and healthcare are facing continuing challenges due......
Ethio Life and General Insurance S.C, Ethiopia, to Drive Digital Transformation with Beyontec Suite
Ethio Life and General Insurance S.C, (ELiG) a leading composite insurer in Ethiopia, providing innovative life and non-life insurance products in the country has signed up Beyontec Suite, a core insurance solution from Beyontec, to transform its operations to digital. “With Beyontec’s expertise in transforming IT in Insurance, we are......
Discover Announced as 2021 CIO 100 Award Winner for Cloud Data Fabric Platform
CIO 100 award recognizes excellence and innovation in IT Discover Financial Services was selected as a 2021 CIO 100 award winner. For over 30 years, the CIO 100 awards have recognized innovative organizations around the world that exemplify the highest level of strategic and operational excellence in IT. “We are......
Minna Bank to Commence Operations in May 2021 as Japan’s First Digital Bank
Core banking system developed in partnership with Accenture and running on Google Cloud will power global expansion as an embedded finance provider Minna Bank, Ltd. announced they have acquired a banking license on December 22, 2020 from the Financial Services Agency of Japan and will commence commercial operations in May......
World Retail Banking Report 2021: To Create New Value, Banks Can Adopt Banking-as-a-Service to Embed Finance in Consumer Lifestyles
The post-COVID-19 era will be defined by fierce competition, pushing banks to review priorities and realign investments in growth areas to meet higher customer expectations Retail banks are facing a choice between aligning their offerings to customer expectations or running the risk of losing those customers altogether, says the World Retail......
Finastra Integrates Enigio Solution With Fusion Trade Innovation To Make Paperless Trade Finance A Reality
More than 90% cost savings could be possible from using distributed ledger technology to handle authoritative digital original documents Finastra announced the integration of its Fusion Trade Innovation and Enigio’s trace:original to create a solution for managing and handling digital original documents using distributed ledger technology. The resulting app removes the need for......