The Chartered Institute for Securities & Investment (CISI) is delighted to congratulate Andreas Yiasemides MCSI for his appointment as President of the Cyprus Investment Funds Association (CIFA).

A CISI member, Mr Yiasemides is also a member of the CISI National Advisory Council (NAC) in Cyprus. His tenure at the CIFA is for three years.

Mr Yiasemides, a founding member of CIFA, takes over the CIFA leadership from Angelos Gregoriades who served as CIFA President for the last six years.

Saxo Bank A/S (Saxo Bank) and Geely Sweden Holdings AB, a subsidiary of Zhejiang Geely Holding Group Co. Ltd, (Geely), announced that the two parties have signed an agreement to establish a technological joint venture (JV)  to provide financial and regulatory technology solutions to financial institutions such as banks and fintechs in China. The ownership structure of the new joint venture will be an equal fifty percent split between Saxo Bank and Geely.

Businesses, large and small alike, are motivated towards efficiency and reduced costs. That is the nature of global trade: efficiency reduces expenses, and diminished costs improve the bottom line.

Leading digital money transfer service WorldRemit has partnered with Vodacom Tanzania to enable nine million M-Pesa customers to receive money directly to their M-Pesa wallets from friends and family living abroad.

The new service increases convenience for money transfer recipients in urban and rural areas of Tanzania as they can receive international money transfers directly to their phones, without the need for a bank account or internet connection.

The international B2B marketplace Tradalaxy has announced its landmark launch in Europe and Canada, introducing a host of sophisticated digital instruments for local businesses looking to go global. The platform emphasizes responsible business practices, sustainability, safety and smart business decisions powered by real data.

Increasing focus on vendor due diligence has put significant pressure on financial institutions and vendors alike.  The challenge comes into focus when we think about the macro implications.  There are an estimated 20,000 financial services institutions trying to qualify some 20,000 vendors using questionnaires that can have hundreds of questions.

Sweden's central bank is set to sign a deal with Accenture to develop a digital currency, dubbed the e-krona, in a test environment.

Metro Bank has begun accepting registrations for its on-demand cash collection and delivery service for SMEs across the UK.

Giants in their own right, ICBC - the world's largest bank in terms of assets - will work with Alibaba and Ant Financial by leveraging their collective expertise in electronic payment settlement and cross border finance to promote the wider use of digital technology in financial services.

 Mambu, a cloud banking platform, today announced that it has been selected by ODX, a leading provider of small business digital lending solutions for financial institutions and a subsidiary of OnDeck (NYSE: ONDK), to provide servicing technology for ODX’s digital lending platform.