New research released today by financial services technology leader FIS™ (NYSE: FIS) reveals that the greatest barrier to UK financial institutions developing digital products, services and operations is regulatory compliance risk.

The findings are from FIS’ global Readiness Report, which shows that, by comparison, the biggest barrier to digital innovation for US firms is complex legacy IT systems, and overall cyber security risk was most prevalent.

Leading digital money transfer company WorldRemit (www.WorldRemit.com) has launched WorldRemit for Business (https://bit.ly/2wNtMPh), a new service that enables small and medium-sized business owners to quickly pay their employees and contractors in 140 countries worldwide, including fast-growing emerging markets such as Kenya, Ghana, and South Africa.

CryptoCompare, the leading provider of cryptocurrency data and indices, today launched its first cryptocurrency Exchange Benchmark. The new product ranks over 100 active spot exchanges globally, offering investors and traders a comprehensive, granular and reliable source of information on the best trading venues.

SWIFT is leading industry efforts to increase automation levels in the global FX market through better standards to help remove barriers that hinder the exchange of information and to enable straight through processing.

The global FX market which trades in 180 currencies and in large volumes, cannot operate without high levels of automation, but obstacles remain that prevent it operating in the most efficient manner. With millions of confirmation messages exchanged every trading day between counterparties, discrepancies can lead to thousands of potential settlement failures.

Divido, the multinational white label platform for point-of-purchase lending, has today released the findings of its latest research, The Global Lending Report. The report provides insights and trends into the future of the global point-of-sale lending market.

The concept of tokenization is not a new one in the payments industry. Solutions that replace sensitive data with a non-sensitive equivalent have been around for years in various forms.

 Beaxy Digital LTD, a full-service cryptocurrency trading platform, officially launches today, following a thorough development period of 24 months. With more than 60,000 pre-registered users, Beaxy is currently live to customers in 43 U.S. states and 185 countries.

Traydstream, the machine learning-based trade rules and compliance-checking platform, is excited by a new pilot partnership with Finnish multinational exporter, Nokia Corporation and several of its major advising banks.  

Orchestrated around an industry event in Finland earlier this year, Nokia was keen to pilot the Traydstream platform for a trail-blazing approach to improve the speed, efficiency as well as standardisation of their document checking process.