Fintech, Finance, Technology, Banking Highlights – 20 November 2017
Intrinio partners Quodd to provide direct delivery of Nasdaq real-time data
Intrinio, a fintech marketplace providing access to high-quality, low-cost financial data feeds, announced today its partnership with QUODD Financial Information Services, a supplier of ultra-low-latency data feeds, to provide Nasdaq (Nasdaq: NDAQ)’s real-time data directly to individuals and enterprise-level clients.
Direct access to Nasdaq’s real-time data was traditionally provided in raw, unfiltered form and restricted to only a few access points, all of which proved to have a more cumbersome and less economical onboarding processes. This partnership, the brainchild of Intrinio, brings together the necessary resources to provide investors and developers the direct access they need to clean, real-time data so that they can build trading architectures for both personal and enterprise use.
Biometrics firm Veridium partners blockchain outfit Wala to target Africa’s unbanked
Veridium, a leader in strong authentication using biometrics announced today its partnership with Wala, a South African-based, blockchain-powered financial services platform for the unbanked and underbanked, to bring universal and affordable financial services to emerging countries in Africa.
Currently, nearly 3.5B people worldwide are excluded from the financial system. Veridium and Wala will collaborate on a pilot program in sub-Saharan Africa to demonstrate a new digital banking model that will bring accessible, zero-fee banking to this population.
This pilot is funded by a grant awarded to Veridium from the Digital Financial Services (DFS) Innovation Lab, supported by the Bill and Melinda Gates Foundation, to develop and field test biometric authentication technology on unmodified Android smartphones. Because Veridium’s biometric authentication technology is compatible with Android phone models up to 10 years old, it has the promise to bring this technology to developing countries as a method for accessing and enrolling in financial and government programs.
Meniga signs deal with IberCaja
Meniga, the global leader in digital banking solutions, has announced today that it has signed an agreement with the Spanish banking giant, IberCaja.
Meniga is the first personal finance software provider that IberCaja has partnered with as part of its digital transformation journey. The bank has successfully implemented and integrated the solution into their core systems, enabling real-time customer data processing and enrichment. This allows for improved accuracy of categorisation of transaction data, giving customers a clearer view of their financial spending history. By deploying the Meniga personal finance software, IberCaja will be able to offer improved personalisation of its digital banking solutions and better serve their customers’ individual lifestyles and needs with advanced financial services.
Fiserv gets ready for pan-European move to instant payments
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Fiserv technology will support multiple ‘wave one’ banks for EBA RT1, the first pan-European clearing platform for real-time payments in euro.
Slated to go live 21 November 2017, EBA RT1 facilitates 24/7 payments in line with the SEPA Credit Transfer Instant (SCT Inst) Scheme of the European Payments Council (EPC).
Fiserv is enabling the shift to real-time payments for banks with a presence in a total of nine European countries. The banks utilize the Dovetail payment solution from Fiserv, which was the first to be tested and confirmed ready for SCT Inst in partnership with a leading European bank earlier this year.
