Financial IT speaks with Brant Clark, Director, Product Marketing - Mobile Products and Solutions at Kofax, Inc about the mobile banking technologies and how they affect the customer experience.

Financial IT: What are the challenges and trends in mobile banking industry?

McGraw Hill Financial (NYSE: MHFI) today announced that it has signed a definitive agreement to acquire SNL Financial for approximately $2.225 billion in cash.  The economic impact to McGraw Hill Financial will be partially offset by tax benefits with an estimated present value of approximately $550 million resulting from the transaction.

Huawei recently announced that it will partner with eleven of the world’s leading banking IT solution providers to establish an open platform ecosystem for the finance industry at Huawei’s Global Financial Services Industry (FSI) Summit 2015 in Beijing, China.

Surecomp^®, the leading global provider of trade finance solutions for banks and corporations, announced today that DOKA 5^®, its configurable bank back-office solution for documentary trade finance, hasbeen awarded the “SWIFT Certified Application – Trade Finance” label for a 15th consecutive year.

Wolters Kluwer Financial Services has signed Nippon Wealth Limited, a Restricted License Bank (NWB) as a user of OneSumX. The restricted license bank, based in Hong Kong and focused on Asia and Japan, will specifically use the solution for anti-money laundering (AML) and regulatory reporting, as it establishes its operations.

AxiomSL, a global provider of regulatory reporting and risk management solutions, announced today that a large Swedish bank has chosen to use AxiomSL’s platform to centralize its head-office regulatory calculations and reporting, and its branch-level reporting in Germany, Norway, Finland, Poland, Denmark, Austria and the United Kingdom (UK). The requirements covered by the agreement include statistical reporting and the Capital Requirements Directive IV (CRD IV).

Bloomberg Trading Facility Limited (BTF), an affiliate of Bloomberg LP, announced today that  it has received authorisation  from the UK Financial Conduct Authority to operate a multilateral trading facility (MTF).

The MTF draws on Bloomberg's established and successful trading venue capabilities in the creation of a platform for the execution of interest rate swaps (IRS) and credit default swaps (CDS) and will offer  both request for quote and order book functionalities.

Deutsche Bank teams up with BCSG to launch db Impresa eXtra, the first ever web aggregator in the Italian Market to offer non-banking services to SMEs and Midcorporates, addressing clients and prospects.

The rapid growth of digital banking has driven increased customer engagement, the latest figures from the Halifax Digital Dashboard show. In June, the number of customer interactions with Halifax stood at 69 million visits, which equates to 2.3 million interactions per day and nearly 1,600 every minute. This is an increase of nearly half (47%) from the 47 million in the same month in the previous year.