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ETRADING SOFTWARE INCREASES THE BREADTH OF ITS MANAGED SERVICE OFFERINGS

Expanding its operations in Europe and Asia with additional hires

Etrading Software, the independent, global provider of technology-led solutions designed for financial institutions and industry initiatives, has today announced three new hires in its London office, as well as a new operational layer in Asia. In Europe, Etrading Software has strengthened its outsourced services delivery capability through the hiring of James Haskell as Business Operations Officer, David Lane as Technical Operations Officer and the appointment of Will Palmer as Chief Information Security Officer. These senior appointments are tasked with overseeing the day to day operations of ETS’ existing and new managed services offerings. 

Etrading Software designs, builds and operates technology solutions, framing, facilitating and navigating complex decision-making structures – from incubation to execution – that provide financial institutions and industry initiatives vendor-neutral technology solutions tailored to the needs of the OTC markets. From implementation to on-going operational support and system governance, such cases include Neptune Networks Ltd, the Derivatives Service Bureau (DSB) Ltd and most recently the Loan Desktop platform. 

The company continues its expansion due to increased demand from financial institutions for its services. With 20+ years’ experience working in financial services and operations in London, New York and Hong-Kong, including 13+ years in Goldman Sachs, James Haskell joined Etrading Software in May 2020, in the newly created role of Business Operations Officer (BOO), with oversight for the day-to-day operational running of Etrading Software’s existing and new managed service products. James Haskell said, I am excited to join Etrading Software, where I can leverage my broad base of operational experience as Etrading Software expands and scales our suite of managed service products.”   

A further appointment was made in hiring David Lane as Technical Operations Officer, who has 20+ years’ experience in both tier one investment banking and derivatives exchange trading environments. David’s more recent engagements have involved supporting financial institutions in technology strategy, governance, and risk frameworks primarily in association with cloud migrations. David Lane said, “In my new role at Etrading Software, I am looking forward to helping to drive the technology-led solutions the company provides to institutions, whether on an individual or collaborative level.”

As the new Chief Information Security Officer (CISO), with over 25 years’ experience in IT within the financial services sector in both London and Asia, Will Palmer will be utilising his prior knowledge of service stability, client on-boarding, continual service improvement and team delivery to build a company-wide security strategy for the firm. Will Palmer said“My main objective is to continue to strengthen the Information Security Standards throughout the firm and for all of Etrading Software’s expanding offering of managed services.”

In Asia, Etrading Software continues to grow its operations. It now offers full-service design, build, operate model for Etrading Software clients, incorporating a 24 x 7 operations capability for mission-critical real-time services. Sassan Danesh, Managing Partner said, “Our offices in Manilla have been long established as a centre for excellence, and we are seeing increased interest from the market place to utilise our outsourced services model.”

 

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UK OPEN BANKING FINTECH YAPILY ANNOUNCES EXPANSION IN VILNIUS

Yapily, a London-based fintech startup, has announced plans to set up in Vilnius, the company’s third European office. Yapily joins a growing number of UK fintechs including Revolut, Curve and Square that chose Lithuania as the location for its European hub.

 

Yapily was established in 2017, shortly after the EU’s second Payment Services Directive (PSD2) granted third-party access to customer data of financial institutions. The legislation, which aims to stimulate competition in the financial services market, compelled providers of such services to innovate their API and open banking practices. Stefano Vaccino, Founder and CEO of Yapily, used his extensive experience in fintech and commercial banking to create Yapily, a platform that enables companies to take advantage of open banking.

 

Yapily connects businesses to banks and financial institutions using a single open API. Using the platform, companies can access their customers’ account information and gain a holistic financial view without having to build and maintain hundreds of APIs of their own. Powered by a secure and regulated service, Yapily manages and facilitates the connection to fetch information and initiate payments while ensuring PSD2 compliance.

 

“Yapily makes connecting to banks easy through sharing financial data and payments infrastructure,” explains Stefano Vaccino. “We connect you to thousands of banks using an open banking API, taking care of the complexity behind the scenes”.

 

Yapily’s vision of open banking has attracted significant investment. Since its inception, the company has raised $18.4 million in VC funding. Yapily’s investors include Holtzbrinck Ventures, LocalGlobe and Lakestar, an early investor in Skype, Spotify, Airbnb and Facebook as well as some of Europe’s biggest fintechs – Klarna and Revolut.

 

Yapily now allows companies to connect to more than 600 banks, providing 80% account coverage across 15 European countries. The company boasts customers ranging from innovative fintechs to Fortune 500 companies including American Express, IBM, Intuit Quickbooks, GoCardless and BUX. In the last 12 months, Yapily has tripled its headcount and currently employs 72 people in offices in the UK and Germany.

 

According to Stefano Vaccino, Yapily’s current focus is to penetrate the European market. “This involves building a scalable platform while accelerating testing capabilities for our European users”,” he says.

 

Looking for a new European hub following the Brexit decision, Yapily considered several European locations, including Portugal and Germany. For the company, it was important to find a supportive regulator and fintech ecosystem. The expertise of Lithuanian developers; reputation of the country’s regulator; and a flourishing fintech scene all contributed to Yapily’s decision on Vilnius. It’s Lithuanian entity received regulatory license in December 2020, prior to the UK leaving the EU, and is now focused on its exciting expansion plans.

 

“Outside of the UK, Lithuania has the second largest fintech hub in Europe,” says Stefano Vaccino. “The local regulator plays a positive role in the fintech ecosystem, allowing Yapily to become a part of it.”

 

The company will hire up to 30 people in Vilnius in the coming months. Yapily is currently recruiting for compliance, engineering, product and operations roles.

 

“Open Banking will create a more competitive landscape of tailored financial services,” Mantas Katinas, Managing Director of Invest Lithuania, believes. “As more and more banks comply with the PSD2, Lithuania’s fintech community could be at the forefront of developing financial products leveraging this new access to data. Yapily’s choice to set up an office in Vilnius shows that Lithuania is an excellent base for cutting-edge fintechs.”

 

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FINTECH EEDENBULL SECURES PAYMENT TECHNOLOGY DEAL WITH NATIONAL AUSTRALIA BANK

EedenBull has announced a five year agreement with National Australia Bank (NAB), which allows the bank to deploy EedenBull’s innovative payment and spend management platform to the bank’s customer base of small and medium sized enterprises (SMEs).

The EedenBull platform provides the ability for the bank’s SMEs to track payments and spending simply, efficiently and in real time. By using the latest technology, the bank’s SME customers will prevent cash leakage by ensuring that the right business spending policies are adhered to.

EedenBull will be providing NAB its innovative Q Business platform, which includes Q Control for the administrator and Q App for the employee. NAB will issue their own payment cards onto the platform, with their customers using Q Business to manage cards and spend.

Nicki Bisgaard, CEO and founder of EedenBull, commented: “This announcement underlines our progress in offering best in class payment and spend management technology to the banking  community globally.  We are delighted to partner with NAB, a globally respected banking brand and Australia’s leading business bank, and to provide them innovative, digital spend solutions for their SME clients in Australia.  Q Business is taking commercial payments to the next level, and we look forward to being a partner on this journey in delivering value, control and flexibility to NAB and their many business customers.”

EedenBull is already partnering with 65 banks in Europe, and is now further expanding its global reach with banks such as National Australia Bank

Tania Motton, NAB Executive for Everyday Business Banking said: ‘’Expense management software solutions are so often out of reach for small and medium sized businesses. This exciting partnership will give our customers an intuitive expense management platform with full control and analysis of payments across their business as well as more confidence to allow their teams to spend money.

She continued: “For us, the most important thing about partnering with EedenBull to offer their technology is that it will help more Australian businesses to focus on the business of serving customers rather than time consuming administration.”

The partnership with NAB signals a step change in the global ambition of EedenBull, which is headquartered in Oslo, has its design and innovation team in Singapore, business development team in London and their operations centre in Edinburgh.

Bisgaard continued: “We are growing fast, innovating constantly, improving our products and services all the time and seeking further partnerships with existing and new banks globally, as we expand our worldwide footprint.  New technology, new regulation and new players are forever changing the way consumers and businesses think about payments – changing the way people pay, and get paid, and EedenBull is here to guide banks through this market, legislative and technology complexity.”

 

EedenBull Partnerships with Global Banking Community

EedenBull was launched in 2018 by a group of senior banking professionals and experts in digital payments. Enablement of third-party access to data from banks leading to the rise of open banking, has empowered tech-driven non-banking companies, such as EedenBull, to build new and innovative payments services.

EedenBull is a fintech innovation company specialising in B2B and Commercial Payment solution design and implementation. The company works with banks, schemes and payment partners on a global basis to enhance and drive innovative business solutions and products to better serve Corporate and Business clients. Unlike other fintech companies, EedenBull is not setting out to compete with the banks, but work with them to provide the innovation and tools they require to offer long-term competitive advantage and to enhance customer satisfaction.  EedenBull provides its partner banks first mover advantage to improve their reputations and competitive edge. Banks also get access to specialist B2B payments expertise and the opportunity to shape future innovation developments and technology features.

 

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