Fintech, Finance, Technology, Banking Highlights – 18 November 2017
InvestCloud adds financial apps to digital platform
InvestCloud has released two new lines of financial apps to run on its digital platform.
InvestCloud Gray digitizes client interactions, providing a modern and flexible platform that is affordable for any wealth manager. InvestCloud Neon enables wealth managers and financial institutions to automate trading, accounting and middle-office workflows, creating a new era in portfolio management that is secure, accurate and completely frictionless.
InvestCloud Gray builds on the global FinTech firm’s philosophy of delivering hybrid wealth management – a truly personalized and digital-first client experience underpinned by human expertise. It enables wealth managers to leverage InvestCloud’s experience with some of the world’s largest banks to deliver digital client portals, automated and interactive client reporting and client management capabilities far more cost effectively. In turn, clients are granted access to an online portal featuring all relevant account information, updated in real-time. The platform also provides mobility apps, allowing clients and advisors to access information, and communicate at any time, from any place and through any device.
Lithuania and Singapore forge fintech pact
Invest Lithuania and Singapore FinTech Association today signed a landmark financial technology (“fintech”) innovation agreement at the 2017 Singapore FinTech Festival, signifying deeper bilateral economic relations as both republics seek to enter each other’s regional markets.
The Republic of Lithuania’s Minister of Foreign Affairs, Linas Linkevicius, witnessed the signing at the festival in a session hosted by the Lithuanian delegation to Singapore. Organised by the Monetary Authority of Singapore (MAS), the Singapore FinTech Festival provides a platform for Lithuania to reach out to Asian fintech leaders, policy makers and technopreneurs.
Siemens Financial selects Sopra for financing software
Cassiopae software, which supports a wide range of financial products and asset classes, is expected to replace a variety of legacy solutions across Siemens Financial Services’ Commercial Finance (SFS COF) global footprint.
SFS COF is an international organization with offices in US, France, Spain, Germany, UK, Nordics, Poland, Russia, Turkey, China, and India. The first implementation is planned for the United States.
The goal of the initiative is to consolidate certain disparate systems and streamline the management of Siemens Financial Services Commercial Finance financing contracts around common processes worldwide within the business’s Contract Management Systems. The contract agreement is for the software as well as the hosting and managing of the application for multiple SFS technical hubs.
ICICI Bank and Paytm partner for digital credit provision
Paytm, India’s largest payments platform has partnered with ICICI Bank, the country’s largest private sector bank by consolidated assets, to jointly launch ‘Paytm-ICICI Bank Postpaid’, the most seamless way to access interest-free short-term digital credit.
This new offering will enable millions of Paytm customers to get access to instant credit for the first time for everyday use-cases ranging from movies to bill payments to flights to physical goods.
This is the country’s first tie up between a Scheduled Commercial Bank and a payments platform to offer digital credit to customers of the commerce platform instantly.
