The COVID-19 crisis has accelerated the growth of e-commerce across Europe and with the closure of so-called “non-essential” shops, consumers have turned to online shopping. As a result, Black Friday sales volumes have reached new heights. Worldline, the European leader in the payment and transactional services sector and number 4 on a global scale, recorded a significant increase in e-commerce transactions during the two days of Black Friday and Cyber Monday shopping season in Benelux and DACH regions.

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, has launched a new transformative Digital Bank Guarantee platform, powered by the Quartz® Blockchain solution, as part of the Banking Service Bureau (BSB), operated by TCS for the digital banking industry in Israel. Bank Hapoalim, Israel’s largest bank that currently manages more than 30% of the total bank guarantees in the country, has signed up as the anchor customer for the platform.

Nutanix (NASDAQ: NTNX), a leader in private cloud, hybrid, and multicloud computing, announced that its Board of Directors has appointed Rajiv Ramaswami as President and Chief Executive Officer, effective Wednesday, 9 December, 2020, and as a member of the Board of Directors, effective Monday, 14 December, 2020.

OpenFin, the operating system (OS) of finance, announced today that it secured a strategic investment from SC Ventures, the innovation, fintech investment and ventures arm of international banking group, Standard Chartered. The capital will accelerate new product development and brings OpenFin’s total funding to date to $50 million (USD).

Ninth Wave, the leading enabler of secure data connectivity between financial institutions and third-party FinTech applications, announces a collaboration with Vantaca, a FinTech software provider helping community association management companies and financial institutions across the country engage and empower the communities they serve.

Hong Kong and its banks facilitate the scamming of thousands of Europeans. The European Funds Recovery Initiative (EFRI) was joined by a group of more than 30 Europeans that became victims of highly sophisticated and devious boiler room scams. The fraud is currently coming from China, especially from its financial center in Hong Kong. The scammers abuse the reputation of the Asian financial metropolis.

Alveo, (formerly Asset Control), a leading solutions provider for financial data management, has been awarded Best Buy-Side Data Management Platform at this year’s Data Management Insight Awards, hosted by A-Team Group. Alveo’s award win was announced on Thursday December 3^rd.

Award-winning RegTech provider Know Your Customer is partnering with Refinitiv, a world-leading provider of financial markets data and infrastructure, to integrate Refinitiv’s World-Check risk intelligence data into Know Your Customer’s client onboarding solutions.

Fintech and trusted payment service provider Paynetics AD has today announced a partnership with UnionPay International, a subsidiary of China UnionPay, the international card scheme with the world’s largest cardholder base. The partnership will enable Paynetics to issue cards within the European Economic Area (EEA).

TransUnion has been named Best in Class among enterprise identity proofing vendors, after Javelin evaluated and ranked 26 enterprise technology providers.