Temenos (SIX: TEMN), the banking software company, today announced it is strengthening its Executive Committee and North America leadership team, following its previously announced acquisition of Kony, Inc., the fast growing US #1 digital banking SaaS company.

Thomas E. Hogan, Chairman and CEO of Kony, will be appointed as the President of Temenos North America and a member of the Temenos Executive Committee. This appointment will become effective upon the completion of the Kony acquisition, expected by early Q4 2019.

 Paxful planning to expand presence in South Africa. Plans Africa-wide recruitment drive with a focus on women; The global bitcoin marketplace also becomes the first bitcoin peer-to-peer marketplace to launch an app.

As South Africa celebrates Women’s Month in August, global peer-to-peer bitcoin marketplace, Paxful, supports the important role that women are playing, and should continue to build on, in the innovative blockchain technology and cryptocurrency sector. 

 Fintech, Wethaq, has signed a strategic partnership with enterprise blockchain software firm R3 to build the next generation of financial market infrastructure to enable issuers, investors, central banks and regulators to seamlessly transact in Islamic capital markets.  

It is a difficult time for European banks, with looming events such as Brexit posing significant risk to financial stability. Coping with change will require banks to become resilient to its impact by embracing a customer-led strategy, evolving with market trends and intelligently piloting emerging technologies. But if executed correctly, banks can go beyond coping and use disruption as a catalyst to thrive.

The 2019 Financial Conduct Authority’s (FCA) annual report, released in July, revealed, as expected, the need to reinforce the UK’s financial markets by making it hostile to money laundering criminals. Approximately £100bn^[1] is laundered through the UK every year and over the last several weeks a severe clampdown has taken place across the UK to stem the destructive plague that is money laundering.

MiFinity, a global payments provider, today announced the launch of a new consumer focused cross-border money transfer service to UnionPay card holders in mainland China.

This service allows consumers to send money from the UK and Europe back into mainland China via the UnionPay network. With over 7 billion cards issued accumulatively, UnionPay is the market leader in China.

Here are some of the key benefits for consumers:

In its history, humanity produced 7.8 billion tonnes of plastic until 2015, roughly one tonne per person alive today. After its usage, plastic partly gets “revived” as a PET bottle or even in a T-Shirt. While this process remains the best-case scenario, large amounts of plastic are flushed into the ocean where it may become eaten by aquatic animals, eventually ending up in humans’ stomachs. According to a study from WWF, each person consumes five grams of microplastic each week, which is the exact quantity used to produce one credit card.

Avaloq, the global fintech leader, has appointed Imad Abou Haidar as the firm’s new Head of Asia. Imad joins from London-headquartered software firm Finastra, where he was Managing Director for the Asia-Pacific region based in Singapore. The appointment coincides with Avaloq releasing details of its 2019 Singapore Community Conference to be held on 5 September at The Westin Hotel.