ING announced today that Pinar Abay will be appointed member of the Management Board Banking and head of Market Leaders, taking up the responsibility for ING’s operations in the Benelux. She will take up her new position per 1 January 2020.

UK robo-adviser Nutmeg has announced its chief executive Martin Stead is to step down early in the new year.

Intesa Sanpaolo is to sell its merchant acquiring business at 380,000 points of sale across Italy to local payments processor Nexi for €1000.

According to the World Economic Forum, digitalization could unlock $100 trillion in value for businesses and wider society over the next decade – but what will that look like, and who will it reach? We are seeing a number of new companies and new business models transform the way consumers gain access to goods and services, and many of them may have a profound impact on financial inclusion.

Software piracy is a global industry worth more than £34 billion. Now a Welsh legal firm is teaming up with the academic sector in this country to develop the skills required to fight back.

Apple Pay is now available for St.George, BankSA and Bank of Melbourne customers with an eligible Visa debit or credit card. With Apple Pay, customers can make fast and convenient purchases in stores, in apps and on participating websites.
In addition, Westpac Group has committed to delivering Apple Pay for Westpac customers by June 2020.

David Lindberg, Westpac Group Chief Executive, Consumer, said launching Apple Pay for customers has been a priority since being appointed to lead the bank’s consumer division earlier in the year.

Modulr, the Payments as a Service API platform for digital businesses, has today announced it has become one of a few non-bank Payment Service Provider (PSP) participants of Bacs, the Pay.UK-operated payment system. The move sees Modulr take full control of its Bacs payment flows and removes any reliance on third-party banking partners. 

The move will provide its clients with a direct solution and deliver an easier, simpler and more reliable service. It will also lead to reduced operational costs, allowing Modulr to pass on cost savings directly to customers. 

Today, leading payments provider Klarna announces a major expansion of its partnership with the UK’s largest footwear retailer, schuh. With Klarna’s payment products already live on the schuh websites in the UK and Germany, the extended partnership means that Klarna’s Pay in 3 will now be available in-store. 

Klarna and schuh’s drive to deliver in-store

schuh will become one of the first major retailers to roll-out Klarna’s Pay in 3 service across its store portfolio in the UK, available at over 110 stores before Christmas. 

EastWest Banking Corporation (EastWest) has selected Wolters Kluwer’s OneSumX for Risk Management to manage its Market Risk and Asset and Liability Management (ALM) requirements. The Philippines-based bank will implement the solutions to work alongside other Wolters Kluwer software modules, including OneSumX for Finance, which it has used for many years.