Growth in independent ATM estates and sharing agreements as banks seek cost efficiencies and consolidate their ATM channels

Banks rationalise their ATM networks

RBR’s Global ATM Market and Forecasts to 2022 report shows that independent ATM deployers (IADs) accounted for one in six ATMs worldwide at the end of 2016. Five markets – the USA, Japan, South Korea, Canada and the UK – are home to over 80% of the world’s IAD terminals, and with the exception of Canada, it is the non-bank ATM sector which is growing fastest in each case.

Datawatch Corporation and Imagine Software today announced a partnership that enables Imagine to resell the Panopticon visual analytics platform alongside the firm's front-to-back-office portfolio risk and compliance management solutions.

Lithium Werks B.V., a fast growing lithium ion battery and portable power solutions group, announced today that they have acquired substantially all the assets of Valence Technologies, Inc. (www.valence.com) including the customer relationships, global manufacturing, sales and distribution locations along with all of Valence's Proprietary Lithium Magnesium Iron Phosphate intellectual property (IP), trademarks, and inventory.

Broadridge Financial Solutions, Inc., the $4 billion global fintech leader and employer of choice, today announced several enhancements to employee pay and benefits. These changes include an increase in minimum wage, an increase to non-management associate FY18 bonuses, greater work-life balance initiatives and higher charitable giving match. Strong company growth coupled with recent tax law changes inspired senior leadership to implement these enhancements.

Today, Pendo Systems’ Philip Dodds joins an executive panel to discuss ‘The State of Data in 2018’. Held in Charlotte, Philip will be joined by the Fintech Practice Leader from McGuire Woods, the COO & Chief Data Architect from Deutsche Bank, Chief Data Officer from TIAA and the Chief Technology Officer from Levvel. The focus of the panel will be to look at both the challenges and opportunities the panelists anticipate dealing with based on an industry that continues to embrace technology as we enter a pivotal year for Fintech and Data.

Path Solutions, a leading global Islamic core banking software, consulting and services organization, announced today that Trustbank Suriname, now Trustbank Amanah, has gone live on iMAL Islamic core banking platform with the successful transition of the bank from conventional to Islamic banking business model, a major milestone in the South American banking system as large banks in South America are tipped to tap into growing Sharia-compliant demand.

Arro Money, a fast-growing provider of personal and business accounts, has partnered with the global identity verification provider, Onfido, to offer real-time ID verification and “Know Your Customer” (KYC) checks.

Working with Onfido, Arro Money provides easy and secure access to financial services to those that have struggled to open traditional bank accounts previously. This alliance means that new customers will have full access to an Arro account in just three minutes, thanks to innovative high-speed yet accurate Customer Due Diligence (CDD) checks.

The Avaloq group, the international fintech company and leader in the development and operation of core and digital banking software, has been recognised by NelsonHall as a Leader in its 2018 Wealth and Asset Management NEAT (NelsonHall Evaluation Assessment Tool).*

NelsonHall, the leading global IT and business services analyst firm, has recognised Avaloq as a leading vendor in its Wealth and Asset Management NEAT to support customers’ operations with a range of advanced technical and delivery services.

In 2016, according to a report just published by the European Central Bank (ECB), EU citizens made €123 billion worth of what the ECB calls ‘peer-to-peer’ cash payments. That’s just another way of describing the money grandparents tuck inside birthday cards, donations to charity, payments to street vendors and the hundreds of other small cash transactions people make all the time.

Alipay, the world’s largest online and mobile payment platform operated by Ant Financial Services Group (“Ant Financial”, “Ant”), today announced an agreement to make Alipay available in Apple retail stores across mainland China, making it the first third-party mobile payment method to be accepted at the U.S. company’s brick-and-mortar stores anywhere in the world.

The agreement covers all 41 of Apple’s physical stores in mainland China, the company’s largest retail market outside the U.S.