Global digital payments volumes are predicted to increase by an average 10.9 percent through to 2020, reaching nearly 726 billion transactions, according to the World Payments Report 2017 (WPR 2017). 

In the Sibos 2017 and Money20/20 edition of Financial IT magazine, we are pleased to include our survey of digital banks, as a part of our commitment to identifying global pioneers at the intersection of technology and financial services.

Hypethon at BlockShow means 10 carefully selected, innovative Blockchain-based startups launching their ICOs right at BlockShow Asia on November 29-30 offering exclusive conditions to its supporters.

In three years, online lender Spotcap has issued more than €120 million in credit lines to small and medium-sized enterprises (SMEs).

The fintech also raised an additional €22 million of equity and debt funding from its existing investor network. It has now raised €100 million of investment since its launch in September 2014.

One of the UK’s leading financial technology specialists, The ID Co., has announced it is the first software specialist to offer lenders the capability to calculate and base lending decisions on customers’ real earnings, known as verified income.

Kenna Security, a vulnerability and risk intelligence platform that enables organisations to measure and monitor their exposure to risk, announced today that it is expanding to meet growing demands in the European, Middle Eastern and African (EMEA) regions and has hired Trevor Crompton to lead sales and partner efforts, and to build Kenna’s presence in the area.

Trustly, the European payments company, and Nordic software provider Emric, part of Tieto, are delighted to announce a new strategic partnership which will provide Emric’s business customers access to Trustly’s online banking payments technology across Europe.

The government appointed the UK’s first Small Business Commissioner last week, after a two year search, whose primary role will be to tackle the culture of late payments and “become a national spokesperson for small businesses affected by payment issues.”

Open Banking initiatives bring technology at the forefront of finance by encouraging (sometimes even mandating) secure underlying account data sharing by banks. The main purpose is to enable third parties, mostly FinTech players, to utilize the open access to banking data, in order to provide value-add service applications that enable consumers to easier transact, save, borrow, lend and invest their money.

A new research report from Equiniti Credit Services, the UK’s leading consumer credit technology and outsourced service provider, depicts a rising market for credit in the UK, with consumer motivations for borrowing split between funding aspirational items such as holidays and household goods (47%), and managing or consolidating existing debt (53%).

The report has also identified a stark age group difference in attitudes to technology with 73% of millennials and generation-x happy to research a loan on their smartphone, compared with just 9% of baby boomers.