İşbank and Commerzbank have jointly run an international trade finance transaction based on distributed ledger technology (DLT). Payments were secured by digitally processing the related data transfer via Corda blockchain technology on the Marco Polo trade finance network.

İşbank is the first bank in Turkey to perform a trade finance transaction using blockchain technology. The transaction took place on 27 May 2020 between İşbank, Şişecam, Kuraray Europe GmbH, and Commerzbank AG and supported the trade of laminated glass interlayers from Germany to Turkey.

Saxo Bank and five Danish SDC member banks (Sparekassen Vendsyssel, Sparekassen Thy, Middelfart Sparekasse, Frøs Sparekasse and Jutlander Bank) have entered a partnership agreement, which will give the banks’ combined 500,000 clients access to Saxo Bank’s user-friendly and innovative trading and investment solutions.

Finastra has appointed Neil Blagden as Chief Customer Officer. He ultimately takes responsibility for customer success – overseeing everything Finastra does to design, deliver and enable excellent experiences for its customers. 

CaixaBank, a leading financial institution in Spain and Portugal, serving more than 15.5 million customers, has announced an agreement with IBM Services (NYSE: IBM) to help accelerate its hybrid cloud journey and continue their work to increase the bank's capability to develop innovative, digital-first solutions to enhance client experiences.

Temenos (SIX: TEMN), the banking software company, today announced that Next Commercial Bank (Next Bank), has selected Temenos Transact to power its launch as one of Taiwan’s first neobanks and deliver digital banking experiences that challenge the status quo. Cloud-native, cloud-agnostic Temenos Transact will deliver rich, pre-configured banking functionality and compliance to support Next Bank’s rapid launch to market in 2020.

Finland's biggest fintech start-up Enfuce has been accredited as an authorised payment institution by the Finnish Financial Supervisory Authority (FIN-FSA)*. Customers pursuing new opportunities introduced through the second Payment Services Directive (PSD2), can now perform account information and payment initiation services together with Enfuce. 

Featurespace^™, the leading provider of Enterprise Financial Crime prevention software, has been recognised as a Representative Vendor in Gartner's 2020 Market Guide for Online Fraud Detection¹.

The report states, "online fraud detection is expanding beyond traditional use cases, and market overlap with identity proofing and authentication is growing. SRM leaders focused on fraud should select vendors based on desired business outcomes and recognize that orchestration has become a critical requirement."

The global sweep of COVID-19 has meant a fundamental shift for businesses; travel restrictions and mandated social distancing have meant, in a short space of time, huge swathes of the UK economy have restructured to a remote working setup. New YouGov research commissioned by the SAP Concur team reveals that whilst a healthy 68% of businesses found this transition easy, a significant third of businesses (32%) found it difficult or very difficult.