A majority (55%) of banking and wealth management professionals view Artificial Intelligence (AI), robotics and automation as the most significant developments that will shape the future of the global financial services industry. According to new industry research¹ by Swiss fintech Avaloq, additional key developments include the increasing use of more open and collaborative platforms (cited by 34%), and the rise of distributed ledger technologies and cryptocurrencies (26%).

Lothian Pension Fund, the Edinburgh-based local government pension scheme provider, has completed the implementation of the Charles River Investment Management Solution (Charles River IMS) to help strengthen its investment processes and provide capacity for expansion of its third-party services.

Today, TKP Pensioen and core-banking provider Ohpen announce their cooperation in the DC pensions sector. With this move, the pension administrator is looking to realise its ambitions in this area, while for Ohpen the partnership will allow it to enter the pensions market. Both parties expect a great deal from this win-win situation.

Bankify, a Finnish fintech company, and Nets, a leader in the payments industry, have entered into a strategic partnership that enables Bankify’s customers to consume Bankify’s services through Nets’ Open Banking platform. Under the terms of the partnership, Nets customers will also have easy access to Bankify’s portfolio of microservices via the platform. 

Finastra is investing further in Israel with a new office in Kfar Saba, just outside Tel Aviv. The office, which is home to over 330 employees, offers more space for the Finastra team to grow as the company strengthens its position in the country, and provides an ultra-modern workspace to inspire creativity and facilitate collaboration.

Last year, the European Commission published a series of amendments to the European Markets Infrastructure Regulation (“EMIR”).

ICSFS conducted a two-week intensive assessment and training sessions that were held at the Housing Bank for Trade and Finance (HBTF) in Manama, Bahrain.

The assessment and training attendees were from HBTF senior executives, where the program covered the latest features of ICS BANKS Core Banking including front and back office branch operations services, Remittances, Credit Facility & Risk Management, Trade Finance, latest Lending products and features, Internal Audit and Control reporting, and part of ICS BANKS Digital Banking products.

The Management Consultancies Association has announced its finalists for the 2020 edition of its annual awards ceremony. A total of 32 firms have been short-listed for the 12 project-orientated prizes, as well as a gong for Best New Consultancy.

Central banks collectively representing a fifth of the world's population say they are likely to issue a general purpose digital currency in the next three years, according to a survey from the Bank for International Settlements.