Consumer attitudes to financial services have changed radically. A waning enthusiasm for traditional banking services in favour of digital alternatives, especially among the young, was already apparent pre-COVID. Now it is becoming clear just how much the pandemic has hastened new behaviours and expectations.

Earlier this year, UK financial regulators expressed their concerns over British banks’ increased dependency on a handful of cloud service providers. There is genuine fear that an outage or cyberattack on a cloud provider could severely disrupt a banking system, preventing millions of people from accessing their finances or having their financial data leaked. This has caused regulatory bodies to step up their scrutiny of cloud computing. 

A new processing solution from leading banking-as-a-service provider (BaaS) Contis is set to supercharge the company's growth in the UK and EEA listed countries, enabling client expansion into new geographies. The solution will be available across both small and large banks, fintechs, businesses and non finance players in the gaming and gifting sector.

Objectway, a global wealth, banking & asset management software provider, has been included in the annual WealthTech100 list for the fourth consecutive year.

The prestigious list, announced yesterday by specialist research firm FinTech Global, recognises the world’s most innovative technology solution providers addressing the digital transformation challenges and opportunities faced by investment firms, private banks and financial advisors.

Early reports about the public comments emerging from the European Commission’s public consultation of its digital euro initiative are in. More than 11,000 messages, mostly negative, have been submitted over the past two weeks. Almost two months remain for feedback submissions. Last year’s public comment period on the digital euro received less than nine thousand responses over the full course of the consultation. The plurality of respondents were from Germany.

Blockchain neo fintech company XREX Inc. announced today that Michael Shing onboards as its Director of Risk Management.

Avaloq, a subsidiary of NEC Corporation, has successfully implemented its core banking system at Cathay United Bank to support the bank's continued growth. The Avaloq Core Platform will cater to the increasing demand for private banking services by onshore Taiwanese high-net-worth individuals (HNWIs).

Four-day conference provides in-person and virtual attendance options to inspire, educate and connect

OneStream, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, announced today that it is hosting its annual Splash User Conference and Partner Summit in San Antonio from May 23 to 26 with in-person and virtual attendance options.

 Chargebee, the leading subscription management platform, announced it has partnered with Razorpay, India’s leading full-stack financial solutions company, to offer subscription

Delivers connectivity with speeds of up to 10 Gbps for customers in Japan, Hong Kong and Singapore

Colt Technology Services has today announced that it can now support Colt On Demand cloud connectivity to AWS Direct Connect Hosted services, with speeds of up to 10 Gbps, for customers in Japan, Hong Kong and Singapore.