For some time now, the future of retail banks has come down to two stark choices. Either they take a road less travelled, and fully embrace a digital transformation, or they continue to maintain increasingly outdated payment systems, making efforts to innovate their products.

Many banks are at risk of falling behind. With new entrants continuously snapping up market share, and big tech’s insatiable appetite for a slice of the payments industry, the situation has only been exacerbated.

Transaction Network Services (TNS), a leader in fintech payment services, announces the launch of TNS Secure SD-WAN which leverages Fortinet’s leading Secure SD-WAN solution. In partnership with Fortinet, TNS Secure SD-WAN combines proven managed payment services with next generation network security. 

Following coronavirus outbreak, Paysend facilitated more than double the volume and value of payments to Indian bank accounts.

Finastra, one of the world’s largest fintechs, and CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, today announced a global partnership to deliver an integrated collateral and margin management solution to market participants of all sizes through a Software-as-a-Service (SaaS) model.

Curv, the leader in digital asset security, today announced that global investment firm Franklin Templeton and fintech VC Illuminate Financial Management joined existing investors as part of its Series A funding. In July 2020, Curv’s Series A round included a cohort of investors spanning CommerzVentures, Coinbase, Digital Currency Group, Team8 and Digital Garage.

The UK’s leading online accountancy firm for small and micro businesses Mazuma has been chosen to join forces with the FreshBooks, the number 2 small business invoicing and accounting software in America, with paying customers in 100+ countries.

Mazuma has a proven track record of being tech-focused and working with cutting-edge companies to provide unparalleled service to micro businesses.

A panel of industry experts has selected Banking Circle’s SME lending initiative, delivered by Cardstream, as winner of the 2020 Tech Ascension FinTech Award for Most Innovative FinTech Solution.

Home Credit Group, which lends to underserved customers with little or no credit history, has chosen FICO® Decision Optimizer to further improve its lending offers in multiple markets.

SIA, a leading European hi-tech company in the payment services and infrastructures sector, controlled by CDP Equity, has signed a partnership agreement with Hex Trust, the leading fintech company in digital asset custody infrastructure for the banking sector, to provide digital asset services to European financial institutions enabling their customers to access new investments opportunities based on blockchain technology.

App Annie, the leading mobile data and analytics company, recently released a report on Generation Z, How to Build a Winning Gen Z Strategy on Mobile, that reveals the mobile habits of this generation to help businesses understand and cater to this group.