Bankify, a Finnish fintech company, and Nets, a leader in the payments industry, have entered into a strategic partnership that enables Bankify’s customers to consume Bankify’s services through Nets’ Open Banking platform. Under the terms of the partnership, Nets customers will also have easy access to Bankify’s portfolio of microservices via the platform. 

Finastra is investing further in Israel with a new office in Kfar Saba, just outside Tel Aviv. The office, which is home to over 330 employees, offers more space for the Finastra team to grow as the company strengthens its position in the country, and provides an ultra-modern workspace to inspire creativity and facilitate collaboration.

Last year, the European Commission published a series of amendments to the European Markets Infrastructure Regulation (“EMIR”).

ICSFS conducted a two-week intensive assessment and training sessions that were held at the Housing Bank for Trade and Finance (HBTF) in Manama, Bahrain.

The assessment and training attendees were from HBTF senior executives, where the program covered the latest features of ICS BANKS Core Banking including front and back office branch operations services, Remittances, Credit Facility & Risk Management, Trade Finance, latest Lending products and features, Internal Audit and Control reporting, and part of ICS BANKS Digital Banking products.

The Management Consultancies Association has announced its finalists for the 2020 edition of its annual awards ceremony. A total of 32 firms have been short-listed for the 12 project-orientated prizes, as well as a gong for Best New Consultancy.

Central banks collectively representing a fifth of the world's population say they are likely to issue a general purpose digital currency in the next three years, according to a survey from the Bank for International Settlements.

The Bank of England is seeking a cloud build partner as part of of its One Bank Service Transformation strategy.

London-based B2B cross-border payments outfit Currencycloud has raised $80 million in a Series E funding round joined by blue-chip investors such as Visa, BNP Paribas and Siam Commercial Bank.

Although open banking has legislative origins - and is compulsory in some countries - it is also a major catalyst to bank transformation. In addition to the opportunity to generate new revenue streams, improve services and attract new customers, open banking challenges the traditional culture and closed mindset of banks. Historically, banking has revolved around a closed “vault” function. The vault has become a metaphor for bank culture, which has remained closed and product focused.