A new report from Celent forecasts that global corporate banking revenue is set to grow 4 percent from 2016 to 2020, a doubling of the growth rate recorded between 2010 and 2016. The report highlights that transaction banking and commercial lending represent a $915Bn revenue opportunity through 2020, and high-performing banks have an opportunity to grab an outsized share of the corporate banking wallet. In addition, the report predicts that automation and deep digital adoption could save the wholesale banking sector between $15Bn and $20Bn.

On September 14, the Bank of England is set to replace the classic £10 note with a polymer alternative. The £10 paper banknote is the oldest Bank of England banknote currently in circulation, and is in need of being updated to take advantage of security features present in modern bank notes. The current £10 note is vulnerable to sophisticated counterfeiters, but as the UK becomes ever more cashless, the need for a revamped £10 note is certainly questionable. The cost of introducing a new banknote is incredibly high.

ITRS has been well-known in the financial world for its infrastructure and applications monitoring tool Geneos for over 20 years. But with continued developments in capacity management, the firm has diversified its technology. Thanks to a strategic partnership with Sumerian, ITRS can now offer state-of-the-art time series forecasting in the form of ITRS Insights Capacity Planner. The application deals with data - taken from both Geneos and other tools and systems - on a large-scale in terms of both volume and data type.

Leading Point Financial Markets, a specialist financial services business consultancy, has acquired LMMC, a data and transformation insights consultancy, focused on the insurance market, for an undisclosed sum.

Despite the launch of the new £10 note, the simple fact is that cash has had its day and we’re now fast becoming a cashless society. There are simple reasons why we are moving to a cashless society, with the biggest being that it is inconvenient for consumers due to bulky wallets filled with coins, not to mention how easily it can be stolen.

In September Saxo Bank celebrates it 25 year anniversary and boosts its journey from an early online trading pioneer to a leading facilitator of global capital market access by becoming sponsor of Copenhagen Fintech Lab. 

Today, Xero, the UK’s leading online accounting software, and Santander, announce an integrated service for SMEs. 

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announces the successful implementation, launch and roll-out of its awards-winning banking and financial solution ICS BANKS at  Providus Bank based in Nigeria, which  is an innovative financial institution that offers customized business solutions and advanced products that will not only answer customer’s business and personal needs today, but also steer them into the future.

The organizers of the next-generation identity solutions event connect:ID 2018 – Science Media Partners and the International Biometrics + Identity Association (IBIA) – are proud to reveal a range of exciting new initiatives for the event’s fifth edition.