The Bank of New York Mellon Corporation (“BNY Mellon”) and SimCorp today announced a collaboration that connects BNY Mellon’s range of custody capabilities—including settlement, safekeeping, and cash and securities services—with SimCorp’s integrated front-to-back investment management system, SimCorp Dimension®.

The new connectivity provides mutual clients globally with enhanced operational efficiency and transparency in core investment processes, more efficient enterprise risk management, and increased speed to market for on-boarding.

Starling Bank has announced a partnership with legal services provider Sparqa, the latest addition to their Marketplace.

The organizers of ProcureCon Indirect (31^st March – 1st April, 2020), Europe's leading event for CPO’s & Heads of Indirect, has announced their agenda and speakers for 2020. Download your free copy here: https://bit.ly/336OsiS

The 2020 agenda encapsulates the current issues and future challenges that are top of mind for Indirect Procurement professionals, including:

The National Bank of Kuwait’s (NBK) has signed a contract with Murex, an industry leader in trading, risk management and processing solutions for money, FX and capital markets, to implement a full replacement of its legacy IT systems at Group Treasury and Investments with the MX.3 platform.

Paysend, the UK-based fintech business, has secured a licence to operate in Canada, expanding its worldwide footprint for its global money transfers service.  Paysend will launch the service to Canadian consumers early in 2020.

Obtaining the money service business (MSB) license in Canada is Paysend’s first step in establishing its presence in North America.  The license allows Paysend to offer its signature Global Transfers service in Canada. 

Financial IT speaks with Ross Sleight, Chief Strategy Officer at Somo

Accuity, the leading global provider of financial crime screening, payments and know your customer (KYC) solutions, today announced that GoCardless, the leading global fintech for recurring payments, is using the Bankers Almanac Payments Data solution from Accuity to create a frictionless customer journey for businesses to collect payments in the world’s largest market.

With the tagline ‘Hungry? Face it’, Nets, a leading provider of digital payment services across Europe, has launched a pilot programme testing facial recognition as a payment method.

Around 1,000 people – all working at Vibenshuset, an office community of 25 companies in Copenhagen – can sign up to participate in the pilot. By linking their face with their employee ID card, they can now pay for their lunch using their face at Kokkenes Køkken’s cafeteria.

The Senior Managers & Certification Regime that comes into effect today is a positive step for the financial services industry – but its failure to include Appointed Representative Firms (ARFs) and their individuals is an oversight, according to Sturgeon Ventures, the regulatory incubator.

SM&CR is principally about changing the way financial services businesses operate.

A new study from Juniper Research has found that global international digital money transfer transaction volume will reach 2 billion by 2024; up from 1.1 billion in 2019.