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NEWS CedarIBS FinTech Index goes live
the definitive source of independent, in-depth news, research and analysis of financial technology markets, with a clientele spread over 38 countries across all continents. It recently became a division of Cedar Management Consulting International, a leading global management and technology consulting firm. An offshoot of this is an innovative new service offering, the CedarIBS FinTech Index (CIFTI).
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This allows users to track over 140 FinTech companies across 25 stock exchanges globally, by looking at key stock metrics, P/E and market cap. Users can study the performance of a single stock or multiple stocks, collection of large cap, mid cap and small cap stocks, or benefit from a comparison of a stock against any of the major indices to see how it is performing relative to the overall market.
To date, there has been no single source globally for an instant review of stocks specific to the financial
Android Pay (finally) coming to UK
finally announced the launch of Android Pay into the UK market. And we Brits will be onboard, erm, “within the next few months.” Ah well, it’s happening this year, at least. Several FIs, including HSBC, Lloyds, MBNA, M&S Bank and Nationwide Building Society, will support the mobile payments offering, following its introduction in the US in September 2015 where it “has been growing steadily with 1.5 million new registrations happening each month.” That means a number of big names are missing, including Barclays, Royal Bank of Scotland and Santander, although Google says it intends to add more organisations ahead of the launch.
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Pali Bhat, Senior Director, Product Management, Google, says: “We’re excited to bring the simplicity and security of mobile payments with Android Pay. Soon, people will be able to use their Android device to pay at almost 460,000
fter months of speculation, Google has contactless payment terminals in the UK.”
Tony Prestedge, Nationwide’s Chief Operating Officer, comments: “Each month there are 19 million logins to our mobile banking app and our members make over seven million contactless payments totalling £56 million. With Android Pay, Nationwide customers will have even greater choice in the way they purchase goods and services, highlighting the Society’s commitment to finding new innovative ways to help members manage their money at a time, in a place and in a way which suits them.”
Samsung’s rival service, Samsung Pay, is also set to come these shores during 2016. Apple Pay has been available in the UK since July 2015.
Scott Thompson or over 20 years, IBS Intelligence has been
technologies marketplace. IBS Intelligence has created this service for the investors, board members, CEOs, and leadership teams at FinTech companies, for financial investors in the banking sector, and private equity industry, and customers of FinTech ventures. It is currently being offered at no charge. In addition, IBS Intelligence publishes industry reports which include many of these companies.
Sanjiv Anand, Chairman, Cedar Management Consulting International, says: “This is an important milestone for Cedar and IBS Intelligence as we present financial companies with a first ever global benchmark of FinTech companies. The CIFTI will be instrumental in tracking market trends and will offer a historical point of view to the performance of FinTech companies. This is yet another endeavour on behalf of IBS Intelligence to make it a one-stop shop for everything FinTech!”
Scott Thompson
www.ibsintelligence.com © IBS Intelligence 2016
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