Baker Hill, a leading provider of technology solutions for common loan origination, risk and relationship management, CECL compliance and smart data analytics, announced that Studio Bank has selected Baker Hill NextGen^® for statement spreading. Baker Hill’s solutions will serve as part of the de novo bank’s technology platform as it enters the Nashville, Tenn.

Accenture (NYSE: ACN) and Digital Ventures Co. Ltd, a fintech subsidiary of Siam Commercial Bank, have co-developed and launched a unique blockchain solution to simplify the way companies buy and sell goods, make and receive payments, and obtain financing. 

Form3, the cloud technology provider of Payments-as-a-Service for banks and regulated fintechs, today announced that fintech focused LHV Bank has selected Form3 to provide a fully managed service connecting the bank directly to the UK Faster Payments infrastructure. LHV will join the scheme as a Directly Connected Participant (Member) in 2019.

Identitii Limited (“Identitii” or the “Company”) (ASX: ID8), an Australian FinTech enabling the secure overlay of transaction level detail on top of financial messages using a private blockchain, will commence trading on the ASX today at 11.00am AEDT. The listing follows a fully underwritten $11 million raising at $0.75 per share. 14,666,666 shares were issued for an undiluted market capitalisation at listing of $40 million.

Standard Chartered and Huawei have announced that they are developing an Internet of Things (IoT) powered solution that could revolutionise the way corporates communicate with banks for financing or payments. Rather than corporates having to manually initiate these transactions through paper-based or emailed instructions, corporates’ and banks systems will be able to ‘speak’ to each other in real-time, triggering financing or payment instructions through Application Programming Interfaces (APIs). 

The arrival of Open Banking is a key reason why the world of financial services in October 2018, as this year’s Sibos conference gets underway in Sydney, is different from the world of financial services one year previously, at the time of the Sibos conference in Toronto. The second Payments Services Directive (PSD2) of the European Union (EU) came into force on 13 January 2018; the EU’s General Data Protection Regulation (GDPR), on 25 May.

SWIFT has today published a blueprint for common API standards following collaboration with European banking standards bodies, STET and Berlin Group NextGenPSD2 – who together represent many of the region’s banks and payment service providers

As pressure from regulators and customers shift banking towards more open access to financial services, SWIFT is playing a lead role in unlocking the potential of API technology by providing the neutral collaboration platform to develop the common data standards the industry needs.

ADVA (FSE: ADV) announced today that its fully open and disaggregated packet optical solution is now commercially available. Built upon the Telecom Infra Project's (TIP) Voyager system, the new solution presents customers with a turnkey approach to developing packet optical networks.