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Citi | January 31, 2020
Citi's consumer business has introduced a digital wealth investment tool for clients with as little as $1500 to invest. Citi Wealth Builder matches customers to one of six portfolios based on their responses to questions ranging from their level of comfort with market volatility to their retirement goals and how much they’ve saved to date. Customers can adjust their investment levels with a real-time view of how those changes may affect their goals. Once the account is open, Citi Wealt...
Investment Management
Wells Fargo & Company | December 14, 2021
Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc today announced an agreement to use a blockchain-based solution for the netting and settlement of matched foreign exchange (FX) transactions. Through this agreement, Wells Fargo and HSBC will jointly use a shared settlement ledger to process US dollar, Canadian dollar, British pound sterling and Euro transactions with plans to extend the platform to settle additional currencies in the near future. Utilizing blockchain technology, this solut...
Core Banking, Fintech
Finastra | October 18, 2022
Finastra recently announced that The Belize Bank Limited, one of the largest banks in Belize, providing retail, corporate and commercial banking services, successfully migrated the business of Scotiabank (Belize) Limited onto the Fusion Essence core banking platform following an acquisition facilitated by its parent company, Caribbean Investments Holdings Limited (CIHL). After migrating its legacy core to Fusion Essence in 2017, Belize Bank has extended its collaboration with Finastra to bring S...
Financial Management
Financial Data Exchange | December 08, 2020
The Financial Data Exchange (FDX) declared its Fall discharge today which incorporates a bunch of specialized norms and updates to the current determination that have now been dispatched into the financial services marketplace, in this manner establishing FDX's situation as one of the most complete Open Finance data models on the planet today. "FDX's Fall release is another milestone and proof point of how FDX continues to deliver on its promise to unify the financial...
Core Banking, Digital Banking
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