With 50% month-to-month growth in trading volumes, FX is on a roll - but what will happen when we’re back to normal?
 

The coronavirus pandemic threw the world into a tailspin. More than six months after COVID-19 came into our lives, the international community is still dealing with substantial uncertainty. Hundreds of millions have lost their income, and the future remains undecided for people and businesses around the world.
 

BNY Mellon has recently collaborated with SWIFT to be the first U.S. bank to offer the gpi Case Resolution service to clients, and the fifth globally. This offering marks another milestone in BNY Mellon’s commitment towards client-centric payment services and leading the path for other global payments innovation (gpi) initiatives.

As businesses worldwide begin coming out of lockdown into uncharted territory, adapting and surviving the economic and social impacts of COVID-19 is imperative as consumer behaviour, namely spending habits, continue to rapidly change. Alongside a 200% rise in “first-time” online purchases in April, Econsultancy recently reported a 33% increase in “online banking or use of mobile apps and payment methods”. 

Britain’s small businesses are being urged to cash in on Google’s free ad voucher scheme and take charge of their own campaigns rather than entrusting the health of their business to an external agency by one of the industry’s leading PPC experts.

UK based fintech Wiserfunding announced its entry into India, launching its Artificial Intelligence (AI) backed cloud-based credit risk assessment tool targeted for small and medium enterprises (SMEs). Wiserfunding arrives at a time when SMEs across India are struggling due to the COVID-19 impact and the available models in the lending sector are not specific to SMEs, are largely non-technology based and have low prediction accuracy.

Huobi Group, the world leading Blockchain Company has announced the establishment of Huobi DeFi Labs.

Huobi DeFi Labs is the platform for DeFi (Decentralized Finance) research, investment, and incubation and eco system building in DeFi space. It aims to build a better financial system in collaborations with the global crypto and DeFi community for the future.

The European Digital Payments Industry Alliance (EDPIA) is happy to announce that SIA, a leading European hi-tech company in payment services and infrastructures headquartered in Milan and controlled by CDP Equity, has joined the Alliance, joining founding members Ingenico Group, Nets, Nexi and Wordline in advocating the growth of digital payments in Europe. 

Acronis announced a new fully operational Cyber Protection Operation Center (CPOC), which puts the EMEA-region on the global cyber protection map and will help partners, customers and individuals to get #CyberFit with cyber protection services, ongoing monitoring and analysis of cyber threats.

Volante Technologies Inc., a leading provider of payments and financial messaging solutions in the cloud, today announced that it has raised $35m USD in growth equity financing led by Wavecrest Growth Partners with strategic participation from BNY Mellon, Citi Ventures, PostePay and Visa Inc.

Utility Warehouse (UW), has selected cloud-based payment processing platform, Paymentology, to process its cashback card transactions. UW customers can benefit from cashback from thousands of market-leading online and high street retailers, including Sainsbury’s, Boots, and M&S. This cashback is automatically offset against their monthly utility bill.