Financial IT speaks with James McGivern, Head of Non-Bank Financial Institutions at Cashfac during Open Banking Expo 2019. James McGivern highlights the importance of Virtual banking and Cash management.

Payment solution provider, Girmiti Software, is today announced as the latest company to join the membership base of industry association, nexo standards, becoming the first in the association’s global expansion to join from India.

Last week at Finastra Universe Dubai, Finastra announced that Askari Bank, a leading commercial bank in Pakistan, has chosen its market leading trade finance solution, Fusion Trade Innovation, to digitalize its trade finance business. The solution will enhance the bank’s comprehensive digital trade capabilities via built-in workflow features and will improve services for its corporate and retail customers by providing a smart user interface.

European payments leader, Nets, today announces it is delivering issuer card processing and API services to The PCKT Money Corporation. The five year contract will enable PCKT Money Corporation to realise its growth ambitions in Europe.

PCKT Money helps children and adolescents to understand the value of money, and the meaning of spending, saving and investing, through an innovative app and debit card. The card comes in various designs to appeal to a young audience.  

equensWorldline, a subsidiary of Worldline, the European market leader in payments and transactional services industry, is proud to announce that the company has successfully supported several banks in obtaining exemption from the fall-back mechanism required under PSD2. These include Credit Europe Bank N.V., Banque de Neuflize OBC, Banque CPH and vdk Bank.

Jakarta-headquartered PT Bank Mandiri Tbk, the largest banking group in Indonesia in terms of assets, loans and deposits, has selected the Avaloq Banking Suite to run its USD14 billion AUM wealth management division. The mandate, which Avaloq won after a highly competitive tender process, further increases the Swiss fintech’s Asia-Pacific client base and comes after a number of high-profile regional client wins and expanded partnerships in 2019.

Icon Solutions, the leading provider of technology solutions and payments expertise, today revealed that only 9% of the world’s top tier banks are effectively monetising payments data.

Nium, the recently-rebranded (formerly, InstaReM) digital cross-border payments platform for consumers,  enterprises and financial institutions, will now power cross-border payments for Frente Corretora de Câmbio, a leading foreign exchange broker in Brazil - known for its personalized and high-quality experience in financial and exchange advice. This is a significant move for Nium in its expansion plans into the Latin America.