Banking has gone undercover and it’s been a long time coming. We want our banks to do a lot for us, but it transpires that the less you can actually see your bank doing for you, the better.

So, it begs the question: why would banks suddenly decide to assume the Good Samaritan role after all this time? Sheer benevolence or is there something in it for them too?

The enforcement period of the EU General Data Protection Regulation (GDPR) is less than a year away. Given the volume and complexity of big data in today’s enterprises, preparations should already be underway.

Leading global payments provider, Equiniti International Payments, has today announced the launch of a new brand identity and new name - EQ Global.

NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announces today that it has launched the industry’s first fully automated Settlement Netting Service to streamline the bilateral settlement netting process for market participants. 

Despite fears that the introduction of artificial intelligence (AI) and robotics into the workforce will usurp jobs, 85 percent of tech experts believe they will have a positive effect on the UK economy within the next five years, according to research from Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses, enterprises and their investors.

The British Bankers’ Association released their The Way We Bank annual report last Thursday. It was interesting. Here are the key highlights:

An African record has been set for the FICA process which used to take anywhere from two days to two weeks. 

Ingenico Group, the global leader in seamless payment, today announced the appointment of Nicolas Huss as Executive Vice President, Strategy & Performance. Nicolas is joining the company today, he reports to Philippe Lazare, Chairman & CEO.

Connect Managed Services (Connect) today announced the acquisition, for an undisclosed sum, of PC-1, a specialist contact centre solutions provider with specific expertise in Genesys and Cisco technologies. PC-1 brings an impressive customer base which includes companies such as Vodafone, NSPCC and Northumbrian Water. The newly combined entity creates a £26 million multi-platform global technology powerhouse, supporting well over 100 blue chip organisations across the globe. The business will trade as Connect Managed Services.