Computer Services, a provider of end-to-end financial technology solutions, was named to the 2016 FinTech Forward 100 list of the world’s leading technology providers. Appearing on the list for the third consecutive year, CSI ranked 57th on this year’s Top 100 listing, which is a collaboration between American Banker and BAI.

The Western Union Company (NYSE: WU), a leader in global payment services, today rolled out Western Union Money Transfer® services across OXXO, Mexico’s largest convenience store chain geographically, with an innovative self-service feature that allows customers to receive funds faster at check-out.

 Expanding its physical presence and retail ATM footprint, Mountain America Credit Union has signed an ATM branding agreement with 

“Breaking News: Singapore to use data tracking against money-laundering”. What bearing does this headline have on a safer and more secure banking system?

 The 1MDB fiasco

Let’s rewind to 2015 and 1Malaysian Development Berhad – a Malaysian fund set up in 2009 by the Prime Minister of Malaysia,  with the intention of turning Kuala Lumpur into a financial hub, much like its neighbour, through strategic investments, to help boost the economy.

The launch of Kohl's own payment app is another signal of the payment and smart phone industries’ inadequate response to retailer needs. Retailers want to know their customer and create personalised loyalty programs via an app that offers a unique brand experience. Mobile payment is only one part of the experience, but not the end itself.

As a result of this, the larger retail chains are resorting to in-house built apps which no doubt will appeal to their core customer base but will fail to reach a much larger pool of potential customers.

 The already have the consumer in their grip and the moment PSD2 regulation enables Apple to have direct accounts access, there will be no stopping them. They will not need any bank partnerships built on friendliness and will essentially be in a position to kill card business... Read: banks are out of the loop. 

As Alipay starts to increasingly prove that foreign mobile payment schemes can enter with ease, banks are left with only one option: get a proprietary scheme out the door ASAP, before Alipay has the upper hand with retailers or Apple Pay has grabbed all your customers

The award winners have been announced! Path Solutions has hit the top spot at the 2016/17 CEO Insight Global Awards, whose results have been unveiled ahead of the prestigious Sustainability Week Conference scheduled from 14-21 January 2017 in Abu Dhabi, winning two highly sought-after awards; The CEO Insight Award for the company’s Group Chairman & CEO Mohammed Kateeb in the ‘Top 10 CEOs in Enterprise Software’ category, and the CEO Insight Sustainability Award for Path Solutions in the ‘Sustainable Islamic Financial Software Solutions Leader’ category.

IPsoft announced today that one of Sweden’s largest banks, SEB will integrate Amelia into its customer service operations around year end. The Swedish bank will be the first in the industry to embrace IPsoft’s cognitive technology in order to deliver an enhanced customer experience for its million-strong client base in Sweden using local language. The decision to place Amelia in the front office builds on the successful first phase deployment of Amelia in an internal IT Service Desk supporting SEB’s 15,000 strong workforce.

Lotta Lovén is appointed Head of Digital Banking in Swedbank (STO:SWEDA) (OSE: SWED) (LSE:SWK). The function was created in the spring of 2016 and was given the task to develop the bank’s digital channels and increase the rate of innovation. Lotta Lovén comes from a position as acting co-head of the same unit.

In May of 2016 Swedbank announced the creation of a new Group function, Digital Banking, with the aim to ensure that Swedbank reaches its strategic objectives. Digital Banking’s role in Swedbank will be to drive digital development, transformation and innovation.