Qumram Voted ‘Most Innovative FinTech’ by Swiss Bankers and Wealth Managers
Qumram, a leading global RegTech firm providing digital compliance and risk management solutions, has been recognized as the ‘Most Innovative FinTech’ at the 4th Annual WealthBriefing Swiss Awards 2017. The awards ceremony, attended by more than 230 members of the Swiss private banking and wealth management community, took place on 9 February 2017. “Qumram drives innovation by removing compliance as a barrier, and leveraging big data collected for compliance to grow revenue,” said Stephen Harris, ClearView Financial Media’s CEO, and Publisher of WealthBriefing, who presented the award alongside Barclays Bank (Suisse) CEO James Buchanan-Michaelson. “These awards truly reflect excellence in wealth management,” said Harris. “The watchwords of the judging process […]
Swiss Fintech Temenos announces proposal to acquire ASX-listed Rubik
Temenos, the software specialist for banking and finance, today confirms that it has entered into a binding Scheme Implementation Deed to acquire Rubik Financial Limited, a leading software provider to the Financial Services sector in Australia, via a Scheme of Arrangement. Founded in 2007, Rubik is a leading Australia–based, Australian Securities Exchange (ASX) listed financial software company providing banking, wealth management and mortgage broking solutions, primarily in Australia, and also internationally across Asia and the Middle East. Rubik has more than 150 employees servicing 930 direct clients and 23,000 end-users in 12 countries. Temenos has a longstanding partnership with Rubik which dates back nearly 10 years. Rubik has successfully used […]
Fintech is driving growth and opportunities in Asia Pacific
According to analysis by KPMG International and CB Insights, US$4.6 billion in venture capital-backed fintech funding went to the Asia-Pacific region at the end of Q3 2016. Much of this investment went to China, driven by high mobile internet adoption rates and a tech savvy-millennial user base. Asian fintech sectors predicted to get VC interest this year include payments, regtech, data & analytics, and mobile. Adoption of mobile money and mobile payments in Asia will see the market encompass a range of demographics, from Chinese millennials with WeChat, to Sri Lankan retirees receiving pensions onto their Dialog eZCash mobile money account. Across Asia, fintech driven by regulatory ‘sandboxes’ are enabling financial institutions […]
BetaSmartz automated investment launches in Asia
BetaSmartz, the B2B automated investment platform for all sizes of investors, from institutional to retail, today announced it had opened offices in Hong Kong. BetaSmartz offers ‘hybrid ‘ digital investment or ‘robo’ advice that combines automated and face-to-face financial advice. Newly appointed Managing Director Asia, Zak Allom, said this model had been well received since its launch in 2015, with several clients now live including two in the U.S. “Robo has been a big buzzword, but for the most part the actual delivery hasn’t been different from the automated financial planning software we’ve been used to since the 90s,” he said. “BetaSmartz is much more than a sexy front end […]
Ho Chi Minh based startup Remitano expands across the globe to make Bitcoin trading safer
Remitano, a Vietnamese platform that helps people trade bitcoin quickly and securely, has expanded its services across the English speaking world and also to China and Cambodia. Formerly only available in Asia, Remitano is making its platform available across the globe. The company is targeting an audience of bitcoin exchangers, investors, and those seeking remittance services, starting with Asian countries – including Vietnam, Malaysia, Cambodia as well as China. “Our new platform will help bring bitcoin to everyone, by means of preventing fraud and scamming among the bitcoin community,” explains CEO and co-founder Dung Huynh. “Bitcoin fraud is a problem that is deterring people from partaking in this […]
China FinTech booms as mobile payments outpace US by 50x
New research has shown that Chinese mobile payments were around 50 times greater than those within the U.S. in 2016, thus illustrating that China’s FinTech market is a strong contender in the market. China Dominates the Mobile Payment Market Research from iResearch in China has found that Chinese third-party mobile payments more than tripled in 2016 to $5.5 trillion. WeChat Pay and Alipay, operated by Ant Financial, dominated the market. Recent research found that Alipay received the biggest investment in 2016 at $4.5 billion as FinTech funding increased in China. Whereas, in the U.S., mobile payments increased by 39 percent to $112 billion, according to Forrester Research. However, it’s thought […]
4 Reasons to use a Digital Wallet
Are you using a digital wallet? If not, you are not alone. Only about 13 percent of smartphone users have adopted digital wallets, the relatively new technology that allows our mobile devices to execute a myriad of financial transactions. But digital wallets are coming of age at a lightning pace. Companies like Due offer digital wallets that have streamlined the way we pay for things and get paid, and are changing the world of commerce itself. So if you have been slow to adapt to the word of digital wallets, here are four reasons to change your mind, and get a digital wallet today. Security Losing your wallet, or worse, […]
Fintech start-up PromisePay becomes Assembly Payments, signs key Gumtree deal
Well-backed Melbourne-based fintech start-up PromisePay has taken the bold move to change its name at the same time as announcing one of its most important deals to date, with eBay-owned online marketplace Gumtree. The company, which last year closed a $14 million Series A funding round with Australian tech VC fund rampersand, Westpac’s Reinventure, 99Designs co-founder Mark Harbottle and former Hitwise CEO Andrew Walsh, will now be known as Assembly Payments. PromisePay had already picked up a strong roster of more than 100 Australian and international clients including Airtasker, hipages, Flippa and Carsales.com.au for its online marketplace payments platform. It enables payments to be held in escrow, so a customer […]
