Wolters Kluwer’s Finance Risk & Reporting (FRR) business has successfully deployed its OneSumX for Finance software at Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), allowing the bank to fully implement the Malaysian Financial Reporting Standards (MFRS) 9. SME Bank, an agency of the Ministry of Entrepreneur Development, has a mandate to nurture and develop the small and medium enterprise sector in Malaysia.

Retail has increasingly become a mobile function to meet the needs of a constantly on-the-go consumer base, especially with the rise in popularity of mobile E- wallets. The introduction of 5G will only enhance innovations in retail technology and in turn, benefit the consumer.

The implementation aims at optimizing service and accounting processes as regards deposit registration and valuation within PZU Group companies.

Nuvei, a Montreal-based payment technology firm and leading provider of global payment solutions, today announced that it has completed its acquisition of SafeCharge International Group Limited. The acquisition creates a global, leading payment solutions provider with significant scale, able to service clients of any size across the world. Montreal, Quebec, will become the worldwide headquarters for the combined organization.

PanXchange, a physical commodities OTC market structure solutions provider, today announced the launch of the industry’s first institutional-grade industrial hemp exchange. The marketplace will allow producers, processors, trade houses and end-users to participate in a transparent and efficient cash market for industrial hemp products and will ultimately pave the way for the creation of hemp derivatives contracts.

EMVCo has advanced its testing programme to streamline the deployment and acceptance of contactless payment technologies worldwide. The work addresses emerging interoperability needs between EMV® acceptance devices and increasingly diverse contactless payment form factors, such as smartphones and wearables.

FNA today announces closure of a $5.5m Series A investment round led by IQ Capital, with participation from GETTYLAB. The funds will be used to further develop the FNA platform and solutions to help financial regulators and institutions operationalise advanced data analytics, identify fault lines in the financial system and prepare better for financial crisis and cyber threats. 

Solactive is pleased to announce that asset manager and ETF provider FinEx ETF Limited completed its index switches in favor of Solactive for six country benchmarks as well as a US Large & Mid Cap technology index. The adoption of these seven Solactive indices marks yet another milestone for the trend of index users switching to high-quality benchmarks at lower costs. With eight out of twelve indices, Solactive now provides the lion’s share of underlyings for Russia’s ETF market leader.

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, today announces that its shareholders have agreed definitive terms with the London Stock Exchange Group plc (“LSEG”) under which LSEG will acquire Refinitiv in an all share transaction for a total enterprise value of approximately US$27 billion. The full LSEG announcement can be found here.