Ioana Guiman, Business Development & Managing Partner of Allevo highlights the buzz topics at Money20/20 Europe and discloses how Allevo's PSD2 compliance solution is helping the Financial Services industry.

11 years after contactless payments were introduced in the UK, almost two thirds of Brits are now using them, according to UK Finance, with contactless payments increasing by 97% in 2017 to 5.6 billion.

 Baker Hill, a leading provider of technology solutions for common loan origination, risk management, relationship management and smart data analytics, announced that First Bank selected Baker Hill’s consumer lending and online loan application solution to support the bank’s continued growth in the most efficient manner.

CoInvestor, the platform digitising alternative asset transactions for advisers, fund managers, and private investors, has integrated its technology with financial advice back-office software supplier Intelliflo’s ‘Intelligent Office’ (iO), to deliver an upgraded service to customers. 

AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announces that the company is rapidly expanding its market presence in Germany, as many financial institutions impacted by Brexit choose both Germany for their post-Brexit base within the EU and AxiomSL to provide their regulatory calculations and reporting.

Requirements for the new standard dovetail with those of other supervisory frameworks. And they can be met with similar approaches to data management, IFRS calculations and accounting, not to mention updated IT infrastructure. That’s according to Philippe Franco, Global Product Manager, Finance, for Wolters Kluwer’s Finance, Risk & Reporting business.

The current regime of International Financial Reporting Standards (IFRS) leaves few realms of financial activity untouched. IFRS 16 specifically concerns the treatment of leases.

To help you stay on top of your bills, we’ve launched a new feature: Bill Tracker!

In today’s on-demand world, we expect to be able to spend, move and receive money instantly.

For this reason, real-time payments (RTP), also known as ‘faster payments’ or ‘instant payments’, are gaining momentum globally. Accenture estimates that there are now 35 countries with real-time payment schemes in operation or under development.

Watson Wheatley Financial Systems, specialists in securities reconciliation software, have announced the launch of ‘Reconciliation as a Service’.

Almost three quarters of the nation fear their personal details will be stolen EVERY TIME they hand over bank details and email addresses to companies, it has emerged.
 
Two thirds are concerned that their data may have been stolen without their knowledge. 
 
The general distrust of organisations and web-based stores emerged in a study of 2,000 adults, which also revealed around one in five have already had their personal data stolen.
 
Almost a third of these victims had been left out of pocket as a result.