Fintech, Finance, Technology, Banking Highlights – 6 November 2017
Mastercard adds former CIA deputy director as senior advisor
Mastercard today named Jeanne Tisinger a senior advisor for cybersecurity.
In this role, she will contribute to the implementation and expansion of the company’s security strategy and public policy initiatives. Tisinger will also add to programs focused on enhancing current and future talent in these areas.
As technology revolutionizes everyday activities, companies continue to innovate and invest significant resources to reinforce cutting-edge security products and services. Mastercard has been a leader in making payments safer for merchants and their customers through technologies like chip cards, tokens and artificial intelligence.
J Tisinger“People shouldn’t have to choose between convenience and security. They want to have the peace of mind that their personal information, money and identity are secure. That’s what Jeanne has done throughout her career and what she’ll add to our team,” said Ajay Banga, president and CEO, Mastercard.
Robo-advisory startup Birdee lands on Sutor banking-as-a-service platform
Birdee has become the Sutor banking platform’s first international robo-advisor.
Birdee has a Luxembourg asset management license and offers clients in Belgium and Luxembourg investment opportunities in ETF portfolios. Clients can define their financial goals and go through a risk profile evaluation, after which Birdee will propose an investment strategy from one or several of its 17 model portfolios which include thematic investment in areas such as biotechnology, property or sustainable businesses.
Sutor Bank is taking on the administration of Birdee’s customer portfolios as well as the trading of the ETFs. The communication between Birdee’s fully digitalised investment platform and the bank’s portfolio and management system is fully automated and carried out using an interface (API). The onboarding of the clients, as well as the ordering of funds and transmission of the up-to-date portfolio data, is done via the API.
BBVA signs global networking alliance with Telefonica
BBVA today signed a global strategic agreement with Telefónica that will allow the bank to optimize its communications, increase the capacity of its technological network and facilitate operations in the “cloud.”
The accord, by which Telefónica becomes a priority partner of BBVA, adds to the series of alliances that the Group is making with strategic partners, in order to become a more flexible and scalable digital bank. BBVA CEO Carlos Torres Vila and Ángel Vilá Boix, COO of Telefónica, signed the agreement in Madrid.
“Communication and technology are key levers for BBVA as we progress in our transformation process, in order to offer our clients digital products and services that will help them reach their goals. This agreement with Telefónica reinforces our strategy of becoming the bank with the best solutions for making a positive impact on peoples’ lives,” said Carlos Torres Vila.
Eurex to launch electronic price discovery platform
The international derivatives marketplace Eurex, part of Deutsche Börse Group, enhances its market structure to address industry trends and further meet its member’s needs. In Q4, Europe’s largest derivatives exchange will launch an electronic price discovery platform that allows bank’s broker desks and inter dealer brokers to contact market makers with request for quotes in order to find a counterpart to a trading interest. Initially, the service will be available for fixed-income and money market derivatives, but other asset classes will be added soon.
Orders are automatically transmitted to Eurex’ T7 Entry Service (TES) for exchange-trade confirmation and post-trade processing. The service captures all data throughout the negotiation and makes it available to the member in order to support with the Best Execution requirements under MiFID II.
