The world’s financial infrastructure is collapsing. So they say.

It’s a theme that is oft-repeated. You only have to log on or open your newspaper and stories about problems in the banking world come thick and fast. Fraud, the spats about Brexit, looming financial disasters and misdeeds – it all comes rolling out, spiced up with rumour and gossip, colouring the public idea of the role of banks.

TSYS announced that Rabobank has renewed its payments agreement with TSYS to continue processing the bank’s consumer card portfolio. TSYS will also provide additional services such as fraud and risk management, as well as customer service through TSYS Managed Services EMEA.

Opus Bank announced that Opus’ Board of Directors has appointed David King, Managing Director of Fortress Investment Group’s Credit Funds business, to the Opus Board effective immediately. Mr. King is replacing Norman B. Rice, who has resigned from his position on the Board to focus on his extensive community service initiatives in Seattle and beyond.

Wirecard and WMF are teaming up to merge e-commerce with high-street retail henceforth. The electronic payment specialist is now working with one of Germany’s largest retail chains on the integration of an omnichannel shopping solution in WMF stores. With this cooperation, the two leading companies are pioneering the path towards omnichannel solutions and at the same time presenting a vision of the future of retail.

Misys announced today its latest release of FusionBanking Essence, its retail banking solution, to enable banks to deliver a simpler, faster and smarter banking experience to consumers and SMEs. 

Usually when you think of mobile banking apps, the first thing that comes to mind is minimalism, formal design and focus on the functional components. However, the latest apps coming to market go in a slightly different direction, enriching the mobile banking proposition with a layer of personalization and individuality. The Lifestyle Banking App from Urban FT enables banks to engage with customers by bringing financial and social features together in one lifestyle application.

Analytic software firm FICO today launched the FICO^® Enterprise Security Score, a metric that reveals the likelihood an organization will be breached due to a cyber attack. This score can be used by an enterprise to understand and shore up its defence gaps, and by third parties such as cyber insurance providers, potential partners and customers who need an objective measure of a firm’s cyber risk.

Small business owners might not be aware but Making Tax Digital is going to mean that they have to keep on top of their finances much more regularly and likely pay tax on a much more regular basis. Gone will be the days when a new business can start and worry about the accounting and tax a year or so later. On the downside it’s an extra burden on time and potentially money early in the business’ life but on the upside it should give business owners more up to date financial data leading to better informed decisions early on.

Global fraud prevention technology provider Simility welcomes the trusted information security provider Assertiva and award-winning payments technology provider Pagar.me to the new, global Simility Anti-Fraud Partner Program.

Amenda, the provider of Pure-DMA, which delivers aggregated liquidity feeds from multiple liquidity providers, has made it possible to trade on "Negative spreads," reversing the bid/ask prices by maintaining prices as-is. This has led Amenda to achieve some of the tightest spreads for spot FX available around the world according to internal market research.