95% of tier 1 and 2 banks plan to invest more in derivatives post-trade operations over the next three years than in the last three, a major study by Acuiti has found.

Almost half of tier 1 and 2 banks are expecting to invest more than $5m over the next three years in long-awaited upgrades to post-trade processing capacity.

Mollie, one of the fastest-growing payment service providers, has revealed insights into the most popular payment methods used this Black Friday. The data, which provides a year-on-year comparison of 2019, shows that payment methods allowing customers to pay flexibly - like ‘pay later’ service Klarna - has more than doubled in 2020. The study spans 101,000 merchants across Europe, primarily from Germany, U.K., France, the Netherlands and Belgium.

As part of the AWS Partner Network Awards 2020, OutSystems, a global leader in modern application development, was named AWS Technology Partner of the Year and AWS Social Impact Partner of the Year - Iberia, Portugal.

Faster service (23%), smaller queues (26%) and longer opening hours (31%) are among customers’ biggest asks of their bank branch, new research from Diebold Nixdorf today reveals. But with 41% consumers saying they would be comfortable to engage with all banking services via an app, it is vital that banks respond to the full spectrum of customer needs - balancing and evolving their offerings on multiple fronts.

The race towards digital transformation has picked up pace during the pandemic. In fact, a new survey by KPMG and Harvey Nash indicates that businesses around the world have spent the equivalent of $15bn extra per week on technology as a result of investment in product development. But how do they measure success? As with everything in a company, product development is by no means immune from metrics.

EBANX, a Latin American fintech specialized in local payment solutions for global merchants, has partnered with PicPay, the largest digital wallet in number of users in Brazil, to offer a new payment option in the country. 

Less than two years after SINNAD went live with its new processing platform built on Compass Plus software, SINNAD has completed the migration of the largest Islamic bank in Bahrain to its system.

Virgin Money has announced a new strategic FinTech partnership with Glasgow-based Redspire, to support the development of its digital proposition for the new Virgin Money Business current account.

Redspire is a Microsoft Gold Partner for Cloud Business Applications and the company will support the development of new digital solutions, as part of Virgin Money’s commitment to the recent £35m award from the Banking Competition Remedies (BCR) Capability and Innovation Fund.

Primer, the low-code payments infrastructure and online checkout API, today announces a £14 million Series A funding round led by Accel. Existing investors Balderton, SpeedInvest and Seedcamp also participated, and were joined in the round by RTP Global.