SBI Card has recently launched the SBI Card Pay service that enables customers to create a virtual card on their mobile phone for their physical Visa SBI credit card. The customers can now simply tap their mobile phone on a Near Field Communication (NFC)-enabled point of sale (POS) terminal to make payments.

FSS, Financial Software and Systems, a leading global provider of integrated payment products, solutions, services and India’s largest payment processor announced the appointment of K Srinivasan as its Global Chief Revenue Officer. The announcement comes as a part of the company’s redefined strategy to increase its global footprint, enhance and strengthen its customer engagement and experience in India and across the globe. K Srinivasan will be based in Dubai and will work closely with Ram Chari, Chief Operating Officer, FSS.

FSS, Financial Software and Systems, a leading global provider of integrated payment products, solutions, services and India’s largest payment processor announced the appointment of K Srinivasan as its Global Chief Revenue Officer. The announcement comes as a part of the company’s redefined strategy to increase its global footprint, enhance and strengthen its customer engagement and experience in India and across the globe. K Srinivasan will be based in Dubai and will work closely with Ram Chari, Chief Operating Officer, FSS.

Mastercard has partnered with CleverCards and Appreciate Group to launch Europe’s first ever fully digital gift card.

The gift card is available now as a last minute Christmas present, as shoppers are able to send their gift card immediately by email, text or message app. Recipients can then simply add the fully digital Mastercard to their mobile wallet to instantly “tap-n-pay” in-store, or buy online.

Wolters Kluwer’s Compliance Solutions business has earned three “Category Leader” quadrant recognitions in the Chartis Research Enterprise GRC Solutions 2019 Market Update & Vendor Landscape report. The quadrants in which Wolters Kluwer Compliance Solutions demonstrates superior capabilities include Enterprise Governance, Risk & Compliance; IT Risk Management; and Operational Risk & Conduct Risk.

Today, EQ Bank, the digital platform offered by Equitable Bank (TSX: EQB and EQB.PR.C), Canada's Challenger Bank™, announces a partnership with TransferWise, the global technology company for international money transfers. The result is fully transparent, remarkably fast international money transfers that are up to 8x cheaper1 for EQ Bank customers.

ICS Financial Systems delivers one of the first Oracle enterprise-level blockchain implementations in the world for Arab Jordan Investment Bank (AJIB). 

Murex, an industry leader in trading, risk management and processing solutions for capital markets, announces that Gulf Bank, one of Kuwait’s largest banks, has selected MX.3 to modernize and digitalize its capital markets and treasury IT.

The decision to select Murex is part of Gulf Bank’s wider replatforming of its IT landscape in which Murex will be delivering a fully integrated solution for Gulf Bank’s treasury and capital markets functions, which will extend the capabilities of the bank’s treasury operations and enable it to extend its client solutions offering.

SWIFT today announces the opening of its global Know Your Customer (KYC) registry to SWIFT-connected corporate groups, enabling them to manage and share KYC data with their banking partners across the globe. The go-live for corporates follows a successful testing period with 18 leading corporate groups including BMW, Spotify and Unilever which was supported by 16 global banks representing over 7,000 corporate to bank relationships on SWIFT.

Financial IT speaks with Sandeep Chouhan Group Head Operations & Technology at Mashreq Bank.

Global Operations and Technology Leader in Financial Services with over 30 years of experience across blue chip organisations: Barclays, Morgan Stanley, Citigroup, Tata, Mashreq Bank, Commercial bank across Emerging Markets, Europe and USA.

Financial IT:  Can you please tell more about Mashreq Bank and your background?