Gold Hits 3-Week High, on Course to Reclaiming $1,600 Perch

Investing.Com | January 27, 2020

The fear factor across markets is like manna from heaven for gold bugs. Both bullion and futures of the yellow metal breached the key $1,580 per ounce resistance on Monday before consolidating gains, although analysts said the $1,600 target seemed well within the market’s reach. Gold futures for February delivery on New York’s COMEX settled up $5.50, or 0.4%, at $1,577.40 per ounce. It earlier reached $1,588.10, a peak since Jan. 8. Spot gold, which tracks live trades in bullion, was up $10.38, or 0.7%, at $1,580.74 per ounce by 3:00 PM ET (20:00 GMT), after hitting a three-week high at $1,588.62. “The uptrend may be expected to continue in case the market rises above resistance level $1,588, which will be followed by reaching resistance level $1,600,” Anton Kolhanov, an independent trader and technical strategist for gold, said on Monday.

Spotlight

The financial services industry is changing at an unprecedented scale across the globe. Whether your organization is facing regulatory pressure to protect consumer data, demands for greater consumer access and control over their financial data, or competition in an expanding financial services ecosystem, you need a consumer identity and access management (IAM) solution that can help to: Align with Open Banking and consumer protection regulations Drive revenue and maintain competitive advantage Make it easy to acquire, retain, and protect your customers with no-compromise Zero Trust security Provide seamless omnichannel experiences across all platforms: brick and mortar, web, and mobile devices Below are seven key trends that will affect the future of the financial services industry. Understanding these trends can guide you in choosing the right IAM solution to help you meet these challenges head-on.

Spotlight

The financial services industry is changing at an unprecedented scale across the globe. Whether your organization is facing regulatory pressure to protect consumer data, demands for greater consumer access and control over their financial data, or competition in an expanding financial services ecosystem, you need a consumer identity and access management (IAM) solution that can help to: Align with Open Banking and consumer protection regulations Drive revenue and maintain competitive advantage Make it easy to acquire, retain, and protect your customers with no-compromise Zero Trust security Provide seamless omnichannel experiences across all platforms: brick and mortar, web, and mobile devices Below are seven key trends that will affect the future of the financial services industry. Understanding these trends can guide you in choosing the right IAM solution to help you meet these challenges head-on.

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CORE BANKING

Swishfund is The First Customer For Five Degrees' New Cloud Native Core Banking Platform °Neo

Five Degrees,Swishfund | May 17, 2021

Five Degrees is excited to introduce Swishfund as the first client on °neo, its latest cloud based central banking network. Fintech Swishfund was created in 2016 and offers direct lending products to SME companies in the Netherlands and the United Kingdom. Swishfund will move its current customer base to °neo in order to concentrate on growing its market. Swishfund CEO Jeroen Sonsma says, "At Swishfund, our goal is to provide business lending products in an extremely easy, fast and convenient way. We aim to be the most attractive alternative lender in short and mid-term financing for entrepreneurs and their SME businesses. Where the traditional banks are withdrawing more and more in this important market, we are stepping forward to help. By adopting °neo, we will reach a next step in efficiency, which opens new possibilities to deliver a seamless lending experience that will bring us more customers and will retain recurring existing customers. At the same time, we can focus more on what we are good at, which is offering fast, flexible and suitable credit. For us this migration is a big step towards further professionalization and scalability of our organisation.” Sonsma also adds, “We assessed multiple cloud native platforms and for us Five Degrees came out on top through a combination of in-depth knowledge of the financial sector and the way they apply cloud native technology. In addition, they were a perfect cultural fit with our own company: forward thinking, informal and fast. It is incredible to see how effortlessly the °neo platform works, and how it enables us to focus on our core business where we can provide a truly great lending experience. On top of that, being the launching partner for Five Degrees we've experienced them as being very open and listening to our and our customer's needs in further developing the platform.” “We are extremely excited to work with Swishfund as our launching customer for °neo. After a decade of providing innovative core banking technology for an amazing group of clients in Europe and North America, we created °neo from a clean sheet of paper”, Says Martijn Hohmann, CEO and founder of Five Degrees. He also adds, “We have combined the latest cloud native technology with our experience from the past 10 years. I am very proud to see Swishfund embrace °neo to fuel their growth.”

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PAYMENTS

Volante Technologies has been Awarded The CFI.co Best Payments & Financial Messaging Solutions Global Award for 2021

Volante Technologies | April 06, 2021

Volante Technologies, the international pioneer in cloud payments and financial messaging, reported today that it has received the Cfi. co Global Award for Best Payments & Financial Messaging Solutions for 2021. The CFI.co awards program aims to recognize and honor excellence in individuals and organizations, as well as to promote innovative fintech solutions and consistently high levels of customer satisfaction. Volante's emphasis on cloud-native solutions to optimize and automate complex processes in payments and financial messaging, along with the firm's customer-centric style, was one of the main differentiating factors in the award win. The below are some of the highlights of the panel's final report: Customers of Volante account for 40% of all commercial bank deposits in the United States and 70% of global card traffic. Volante has a footprint in 35 countries and a sizable share of the financial sector, with four of the world's top five corporate banks as clients. Volante has over 100 clients worldwide, all of which have seen project cost savings of almost 62 percent and a 70 percent reduction in the time taken to complete the project. Volante Technologies CEO Vijay Oddiraju said, "Our goal has always been to provide our customers with innovative and transformative solutions. We work with them to accelerate their modernization journeys, from real-time payments to ISO 20022 migration to cloud payments. In recognition of our achievements, we are honored to have received the Cfi. co Best Payments & Financial Messaging Solutions Global Award for 2021." About Volante Technologies Volante Technologies is the world's leading provider of cloud payments and financial messaging solutions to help businesses accelerate their digital transformation. In 35 nations, they are a trusted partner of over 100 banks, financial institutions, market infrastructures, clearinghouses, and corporate treasuries. Every day, their solutions and services process millions of transactions and trillions in value, powering four of the top five multinational banks, 40 percent of all commercial bank deposits in the United States, and 70 percent of global card traffic. As a result of their continuous innovation, their clients can stay ahead of new trends, become more competitive, have better client experiences, and expand their businesses.

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Ternio Collaborates with Visa to Accelerate Growth of Digital Payments and Enablement of Blockchain Technology

Cision PR Newswire | October 17, 2020

The global fintech platform Ternio, announced today that it has joined Visa's Fast Track program as a cryptocurrency focused enablement partner. By becoming part of Visa's Fast Track program, Ternio will be able to make it quicker and easier for fintechs to leverage Visa's global payments network and introduce new crypto-friendly payment experiences. Ternio's existing Blockcard platform provides users a seamless way to interact with cryptocurrencies using linked debit cards and bank accounts which can act as an easy on and off-ramp from fiat to cryptocurrencies.

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