From Shanghai to São Paulo, Dhaka to Dar es Salaam, tarnished coins and crumpled banknotes are rapidly giving way to a frictionless vision of swipes, clicks, taps, and apps. A report released today finds the boom of mass consumption in major developing markets—and mobile internet access everywhere—fueling a surge in demand for new methods of cashless payment. This is transforming the industry as new competitors and business models rush in to meet the needs of every imaginable consumer cohort and use-case.

Cyber-attacks are a daily occurrence, with bank websites being one of the prime targets.  An industry-led consortium of major banking associations is helping banks fight back with a new secure extension reserved exclusively for banks, appropriately called .BANK

 DHgate.com, Facebook, Tencent, UnionPay, the New Zealand Post and over 150 APEC Business Advisory Council Members, industry players and academics united to form the APEC CBET Network, in order to address the need to provide capacity building to small-and-medium enterprises, so they can utilize cross-border e-commerce to access global markets.

Path Solutions, the global Islamic banking software and services company is pleased to announce it has won the gold award for ‘Islamic Finance Technology Provider of the Year’ at the 2016 IFFSA Awards.

Following the conclusion of the inaugural IFFSA (Islamic Finance Forum for South Asia) which was held on 26^th & 27^thof July 2016 in Sri Lanka, the winners of the IFFSA Awards were announced during an award gala dinner in the evening of 27^th July.

Sigue Global Services Ltd. , the international affiliate of money transfer leader, Sigue Corporation, today announced the launch of its remittance services into Russia and the Commonwealth of Independent States (CIS). Sigue will partner in the territory with Golden Crown, one of the largest payment system networks in Russia with approximately 49,000 agent locations throughout Russia, the CIS, and other countries, including Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Ukraine and Uzbekistan.

SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that it has released version 6.0 of its integrated investment management solution, SimCorp Dimension^®. The new release, which is the second of this year’s two releases, introduces a number of new modules and enhancements across front, middle and back office.

FIS™, a global leader in financial services technology, and the office of Arkansas Gov. Asa Hutchinson have committed to extending the VC FinTech Accelerator program until 2018.