Plenty is unfolding in the global payments arena. There is a stream of new products or partnerships being publicised by financial institutions to improve the user experience across both domestic and international payments.

One common theme rings true, the existing system is failing to meet the demands and realities of cross-border payments, especially for SMEs. In a market that continues to grow and now worth over $22 trillion [1], the challenge is to make international payments more accessible to businesses and set a new standard of trading without borders.

Asset Control, a leading provider of proven, data management cloud-based services for financial data analytics, has launched its new Ops360 workflow solution. Ops360 is a rich web user interface based on a new business domain model and RESTful API that offers users unprecedented control for sourcing, mastering, governing, investigating and exploring their financial instrument data.

MDOTM, the Fintech startup that leverages AI to develop investment strategies for institutional investors, wealth managers, and asset managers, appoints Simone Facchinato as its new Chief Investment Officer. This helps the fintech – which specializes in the rigorous application of the scientific method – to add a significant amount of expertise in developing quantitative investment solutions that can adapt to the ever-evolving nature of financial markets.

Austin-based Eventus Systems, Inc., a multi-award winning global trade surveillance and market risk software platform provider, today announced the appointment of two executives to key new roles at the firm. Eric Einfalt has joined as Chief Strategy Officer, and David Mitchell as Regional Sales Executive, North America. Together, they bring more than 45 years of financial services and markets experience.

MSB, one of Vietnam’s leading commercial banks, has announced it will adopt Mambu’s cloud-native banking platform as its key technology solution to help the business undergo a radical digital transformation. MSB plans to launch Vietnam’s first digital bank by end of 2020.

Credit Ural Bank has become the first local bank in the Chelyabinsk Region to join the Fast Payment System (FPS). The bank’s entry into the FPS will enable its customers to make payments using their mobile phone numbers as a token.

Mohammed Kateeb, the Group Chairman & CEO of Path Solutions has been listed by ISLAMICA 500 as one of the world’s Top 50 distinguished personalities who have made a major impact on the Islamic economy again this year.

The announcement was made during the kick off of the Edition 2020 at a gala dinner at The H Dubai on Tuesday 18 February, bringing together a mix from the world’s most prominent leaders of the industry, as well as regulators and government officials.

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index, has completed its previously announced acquisition of FundsLibrary, a leader in fund document and data dissemination in the European market.

Swisscard AECS GmbH, a leading credit card company in Switzerland, has optimized its early collections using FICO analytics leading to a 50 percent increase in revenue from billable collection expenses, a 40 percent reduction in net credit losses, a 30 percent reduction in account terminations whilst also lifting its Net Promotor Score for customers in collections by 11 points through improved customer interactions.

For its achievements, Swisscard won a 2019 FICO® Decisions Award for Debt Management.

Thought Machine raises $83m in series B funding to drive global growth and banking transformation mission.

Thought Machine, the cloud native core banking technology firm, has raised $83 million to drive the next phase of its growth. The funding will strengthen Thought Machine’s mission to transform banking by deploying modern cloud-native systems and continue investment in its core engineering capability. The funding will also be used to drive Thought Machine’s global expansion into Asia Pacific.