GlobalPlatform, the standard for secure digital services and devices, has published a Financial Configuration to update the configuration for banking smart cards and support the deployment of Secure Elements (SEs) in contactless-enabled wearables like rings and wristbands. Chip and device makers, banks and app developers now have an implementation guide to help them launch wearables that can be remotely updated and support multiple applications including payment, access control and transport ticketing.

B-Hive and KOOPHub signed a Memorandum of Understanding on September 19, 2018, during the Blockchain Fest in Istanbul. The signing ceremony took place in front of the audience.

Both Hubs will support each other towards networking events, business visits, scouting, start-up mapping, innovation programs, digital sandboxes and regulatory frameworks.

New research from Econocom, a European digital services company, has revealed that over half (55%) of office workers believe access to the latest workplace technology would make them more productive. Additionally, 43% said this would make them feel more valued, while 38% said it would motivate them to work harder.

OpenWay, a recognized leader in digital payments software, has implemented the nexo Acquirer protocol on the WAY4 platform. Now acquirers who run their payment processing business on WAY4 can use ISO 20022 to enhance their payment acceptance interfaces with extended transaction data and improved interoperability across their acquiring networks.  

Nordea has entered into an agreement with the Norwegian company B2Holding to sell a portfolio of non-performing loans. A total of 12,000 non-performing customer accounts will be transferred to B2Holding, which operates the debt collection company Nordic Debt Collection in Denmark. 

“We let professional debt collection companies take over more of the non-performing accounts. Instead we can focus on our prevention work and help our customers avoid debt problems,” says Mads Skovlund, Deputy Head of Personal Banking, Denmark.

Whale Cloud Technology Co., Ltd ("Whale Cloud") launched its new brand, logo, and strategy in the West Lake Expo Museum in Hangzhou. Whale Cloud executives, global partners, media, and experts from the industry were all present to witness this important event. 

Duco, the enterpris­e software as a service (SaaS) company today announced an agreement with Societe Generale, the French bank and global provider of financial services to deploy Duco’s platform across the group as one of its primary reconciliation and data control systems. 

The Monetary Authority of Singapore (MAS) today issued the Guidelines on Provision of Digital Advisory Services, to facilitate the provision of these services in Singapore. The guidelines incorporate feedback from the public consultation as well as learning points from MAS’ engagements with the industry.