Omnio Group, a banking and fintech provider formed by the merger of Payment Cloud Technologies (PCT) and Tuxedo Money Solutions, has partnered with Unisys Corporation (NYSE: UIS) to support the organisation in providing cloud based digital current account services to Monmouthshire Building Society (MBS).

“With 2018 drawing to a close, many high street banks will be reflecting on a tough year. From IT failures, more branch closures and the seemingly exponential growth in popularity of the multitude of challenger banks entering the market.

This week in New York, the UN Member States voted in favor of the Global Compact on Refugees. The integration of the world’s 25.4 million refugees into new communities is a topic that touches nations all over the world, but one that is also fraught with controversy and tension.

Arachnys, the leader in Customer Risk Intelligence solutions for Know Your Customer (KYC), Anti Money Laundering (AML) and Customer/Enterprise Due Diligence (CDD/EDD), today announced it has ranked 65^th in the Chartis RiskTech100^® in its first year submitting an application. The RiskTech100^®, now in its 13^th year, is the leading evaluation of the world's top 100 providers in risk and compliance markets.

Gemalto, the leader in digital security, is supplying Intesa Sanpaolo, the number one banking group in ltaly, with the first Mastercard biometric contactless payment card.

Artificial intelligence can be applied to enable the better detection of road traffic disturbances in real-time without significantly adding costs, a test by the Finnish Transport Agency and Tieto has shown. The findings were the result of a Proof of Concept experiment conducted by the two organizations in the spring of 2018 that combined LiDAR (Light Detection and Ranging) measurement technology with sensor fusion and artificial intelligence techniques to analyze traffic flows. 

Aiming for a safe mobility environment

Banking is not just about money.

According to Lorenz Jüngling from The Isle Ventures, it is also about users and, most importantly, their emotions.  And, as Danske Bank’s Guri Hanstvedt commented, the power of emotions should not be underestimated.

During 2018, SWIFT’s gpi payments service continued to radically transform correspondent banking. With the support of hundreds of financial institutions, including the world’s 60 biggest banks, it is now being used to send hundreds of billions in payments every day – more than half (55%) of SWIFT’s cross-border traffic.

Temenos (SIX: TEMN), the banking software company, today announced that Isracard, the largest credit card company in Israel, has selected Temenos T24 Core Banking. Temenos’ digital open banking platform will help Isracard achieve its strategic goal of simplifying its systems architecture, and enabling the credit card provider to enhance the digital experience for its customers.

To reduce the costs of collections, Raiffeisen Bank International, a leading European retail and commercial bank, will use the cloud edition of FICO^® Debt Manager™ solution, a platform for collections and recoveries used by lenders and third-party agencies. The cloud edition is expected to make future upgrades faster and less dependent on IT resources at the bank.