Fintech, Finance, Technology, Banking Highlights – 14 November 2017
Virgin Money renews relationship with Confirmit
Virgin Money, one of the UK’s leading financial services providers has renewed its ongoing relationship with Confirmit to continue to support its highly successful Customer Experience programme.
Virgin Money provides award-winning customer service to 3.3 million customers through a range of channels, including online and mobile, intermediaries, call centres, 74 stores and 7 lounges throughout the UK. Their Customer Experience programme has delivered timely and tangible improvements that have helped the company to drive high-quality growth and increase customer satisfaction, making Virgin Money one of the best-rated retail banks for customer satisfaction.
Nucleus Software to provide Adhaar enabled KYC for mobile lending platform
Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced that it has extended the digital capabilities of its award winning lending mobility solution.
The solution which enables financial institutions to offer completely digitized loan services on mobile, is built around the ‘India Stack’ platform and now supports Adhaar Enabled Payment System (AEPS), empowering lenders to seamlessly integrate Adhaar based user authentication and provide convenient payments.
Mastercard and Dublin City Council partner to monitor spending patterns
At Smart City Expo in Barcelona, Mastercard and Dublin City Council (DCC) today announced a three-year innovation partnership to support Dublin’s city planning and future development efforts as part of its Smart Dublin programme. Mastercard will develop its SpendingPulse reports to be released as part of DCC’s Quarterly Economic Monitor.
The reports will include insights on retail spending and tourism patterns drawn from anonymised and aggregated transaction data as well as other means of payments such as cash and cheques. This will help the city develop new insights on the spending patterns of Dubliners and tourists, as well as comparing the capital’s performance to the whole of Ireland. Over the course of the three-year agreement there is also a commitment to drive innovation opportunities in transit, planning and tourism and to engage with Dublin’s thriving startup ecosystem.
Citi pilots digital platform for proxy voting
Citi announced today the successful pilot of a new digital proxy voting platform, ProxymitySM, which directly connects and authenticates the issuer and investor and makes the voting process more efficient, accurate and transparent. The platform, which is supported by Computershare for registry services, will initially be rolled out in the U.K. market for the 2018 proxy season with plans for additional market expansion later in 2018.
Proxymity uses a core algorithm to streamline the flow of information between intermediaries. It eliminates intermediary cut-off dates ensuring investors have the maximum amount of time to research the Annual General Meeting (AGM) and cast their votes through the platform while enabling issuers to receive votes in real time. It also offers confirmation to the investor that the vote was received and counted at the meeting, providing certainty that their fundamental shareholder right has been upheld.
Reality Shares and Nasdaq launch blockchain economy index
Reality Shares and Nasdaq announce the creation of the Reality Shares Nasdaq Blockchain Economy Index, a smart-beta index that tracks the growth and development of leading global companies creating and implementing blockchain solutions. An ETF that will track the Index is already in the works, with Reality Shares filing for it on November 2, 2017.
Reality Shares and Nasdaq compiled the index by utilizing internal and external research and their proprietary Blockchain ScoreTM ranking system. The Index is comprised of global companies that seek to capitalize upon transformational blockchain technology that may potentially disrupt the markets in which they operate.
Reality Shares partnered with Nasdaq because of the exchange’s established interest and experience in blockchain technology.
N26 adds support for Apple Pay in three countries
What if there were a way to pay without your card that is accepted in stores, online and in apps? Well, say hello to Apple Pay. Starting today, Apple Pay is available for N26 customers in Spain, Italy, and Finland. Apple Pay is one step closer to seamless payments with your N26 account and makes it easier and more secure to pay, opening up a whole new world of possibilities.
D3 revamps digital banking platform
D3 Banking Technology (D3), provider of the industry’s most advanced digital banking platform, today announced the availability of the latest enhancements to its solution, including expanded payment options, flexible card controls and enhanced user segmentation.
D3 updates its platform and introduces new features and functionality quarterly to enable continuous innovation for its financial institution clients that collectively serve more than 2.5 million consumers.
