Andrew Bailey will become the new Governor of the Bank of England from 16 March 2020, the Chancellor has announced. The current head of the Financial Conduct Authority (FCA) will succeed Mark Carney, who has served since 2013. Her Majesty the Queen has approved the appointment.

Making the announcement the Chancellor said:

FIS™ (NYSE: FIS) today announced an agreement with JCB, the leading issuer and acquirer in Japan and a global payment network. Worldpay, FIS’ global eCommerce platform, will allow businesses operating in Japan to accept payments by JCB cards. With this agreement, Worldpay now provides a comprehensive eCommerce solution for enterprise merchants operating in Japan.

Deluxe, a Trusted Business Technology™ company, today announced it has added the Remittance Solutions assets of Fiserv – which include lockbox processing – complementing its Deluxe Treasury Management portfolio of solutions.

As banks and other financial services firms to look to strengthen their services and tackle increased competition from new rivals in banking and investment management, fintech partnerships are becoming increasingly popular across the industry.

RBR’s Self-Service Banking Asia conference will be hosted in Vietnam for the first time in 2020. The region’s leading conference on self-service and digital banking, taking place in March, will address the most important issues facing the industry today.

Southeast Asia – where banking races to keep pace with demand

ING announced today that Pinar Abay will be appointed member of the Management Board Banking and head of Market Leaders, taking up the responsibility for ING’s operations in the Benelux. She will take up her new position per 1 January 2020.

UK robo-adviser Nutmeg has announced its chief executive Martin Stead is to step down early in the new year.

Intesa Sanpaolo is to sell its merchant acquiring business at 380,000 points of sale across Italy to local payments processor Nexi for €1000.

According to the World Economic Forum, digitalization could unlock $100 trillion in value for businesses and wider society over the next decade – but what will that look like, and who will it reach? We are seeing a number of new companies and new business models transform the way consumers gain access to goods and services, and many of them may have a profound impact on financial inclusion.

Software piracy is a global industry worth more than £34 billion. Now a Welsh legal firm is teaming up with the academic sector in this country to develop the skills required to fight back.