The National Bank of Kuwait’s (NBK) has signed a contract with Murex, an industry leader in trading, risk management and processing solutions for money, FX and capital markets, to implement a full replacement of its legacy IT systems at Group Treasury and Investments with the MX.3 platform.

Paysend, the UK-based fintech business, has secured a licence to operate in Canada, expanding its worldwide footprint for its global money transfers service.  Paysend will launch the service to Canadian consumers early in 2020.

Obtaining the money service business (MSB) license in Canada is Paysend’s first step in establishing its presence in North America.  The license allows Paysend to offer its signature Global Transfers service in Canada. 

Financial IT speaks with Ross Sleight, Chief Strategy Officer at Somo

Accuity, the leading global provider of financial crime screening, payments and know your customer (KYC) solutions, today announced that GoCardless, the leading global fintech for recurring payments, is using the Bankers Almanac Payments Data solution from Accuity to create a frictionless customer journey for businesses to collect payments in the world’s largest market.

With the tagline ‘Hungry? Face it’, Nets, a leading provider of digital payment services across Europe, has launched a pilot programme testing facial recognition as a payment method.

Around 1,000 people – all working at Vibenshuset, an office community of 25 companies in Copenhagen – can sign up to participate in the pilot. By linking their face with their employee ID card, they can now pay for their lunch using their face at Kokkenes Køkken’s cafeteria.

The Senior Managers & Certification Regime that comes into effect today is a positive step for the financial services industry – but its failure to include Appointed Representative Firms (ARFs) and their individuals is an oversight, according to Sturgeon Ventures, the regulatory incubator.

SM&CR is principally about changing the way financial services businesses operate.

A new study from Juniper Research has found that global international digital money transfer transaction volume will reach 2 billion by 2024; up from 1.1 billion in 2019.

Though it may seem like everything in the payments space is geared towards boosting conversion, i.e. the amount of times a potential customers completes the intended action of clicking “buy” – and this is indeed the case – I’m here today to tell you about three specific ways in which payment technology can raise the conversion rate, i.e. the amount of times a potential customer completes the intended action of clicking “buy” divided by the amount of website visitors.

Deutsche Bank has published its outlook for the decade ahead, predicting growth in appeal of cryptocurrency given the fragility of fiat money.

A group of former Morgan Stanley executives is building a cryptocurrency derivatives trading platform.