Blockchain Technology is rapidly growing in different continents and many more people beginning to see the importance and relevance of cryptocurrency and blockchain technology in their different fields of life. Nations and companies are gradually adopting cryptocurrency in exchange for goods and services instead of fiat. However, the African continent seems to be lagging behind in the adoption of this upcoming technology resulting from the lack of political will to accept the risk of innovation (in Blockchain technology and cryptocurrency).

Economists estimate that only eight per cent of the world’s money exists in the form of tangible coins and notes; the rest is floating in the digital ether. According to a survey by Forex Bonuses, Britain is third in the world league table of cashless economies behind Canada and Sweden, respectively. Today in the UK, cash is used in 34% of payments. But banking lobby groups predict this will shrink to just 16% by 2027.

Wealth management fintech firm, JHC Systems (JHC) has today announced that, long standing JHC Figaro (Figaro) client, Jarvis Investment Management (Jarvis) is expanding its relationship with JHC by offering digital portfolio monitoring tool JHC Neon (Neon) to clients.

The extended partnership is driven by growing industry demand for modern, intuitive and efficiency-generating digital tools. Additionally, Neon’s institutional-grade risk management technology is seen as a key differentiator for firms eager to remain competitive whilst meeting regulatory requirements.

More than 80 exhibitors from across the claims ecosystem confirmed at industry-renowned conference exhibition

The 25th of May marks the first year anniversary of the disruptive EU-wide law which overhauled how businesses process and handle data. As the world’s strongest data protection rule, GDPR inflicts fines of up to €20m to businesses who fail to comply.

In the past year, businesses in the EU have been fined €56m in total, however this has merely been labelled a ‘transition year’ by France’s national regulator SNIL, whilst countries focus on finalising their rules and approaches.

We’re seeing a wave of change sweeping the industry directly related to financial institutions’ need to innovate and transform to compete. At a time when customers’ expectations are changing fast and customer centric companies need to move faster and more efficiently than ever before, they also need to be in a position to protect, access, and share their data appropriately. At the same time, they need to keep an eye on security, and regulation.

EBO.ai, the artificial intelligence company optimising customer interactions, has today announced the launch of its new GDPR-focused virtual assistant ‘Oliver’. Part of EBO.ai’s SpeakGDPR project, Oliver will help people understand the ins and outs of GDPR by making knowledge more accessible.

Temenos (SIX: TEMN), the global banking software company, today announced a partnership with UBX, the fintech subsidiary of UnionBank of the Philippines, the seventh-largest bank in the Philippines. The UBX partnership with Temenos aims to deliver digital banking to millions of people in the Philippines in the next five years. The partnership will give UBX partner financial institutions access to Temenos’ integrated and highly scalable core banking software.

InstaReM, a leading digital cross-border money transfer company with a global presence,has announced that it will now power cross-border payments for the clients of KASIKORNBANK(KBank), Thailand’s leading banking group, across select markets.

More than 1-billion people in over 180 countries use WhatsApp to stay in touch with friends and family, anytime and anywhere. It is this very reason that has driven Wari (www.Wari.com) to integrate with the WhatsApp Business solution to enable customers – through strategic partnerships - to request its financial services around the world on WhatsApp.