Global financial technology leader FIS® has today announced that applications are open for the FIS Fintech Accelerator 2024, its flagship program that supports fintech innovation and growth. The program, now in its ninth year, will select up to ten promising fintech startups to participate in a two-week incubation and 12-week intensive program.

Today, Visa announced a 7-year agreement with Western Union. Under the new deal, Western Union customers will be able to send money to their family and friends’ eligible Visa cards and bank accounts in 40 countries across five regions.

Finastra today announced the appointment of Mike Stawchansky to the role of Senior Vice President, Chief Technology Innovation Officer. Mike is working in the Office of the CEO and is responsible for Finastra’s customer technology and innovation initiatives.

Deutsche Bahn (DB), the national railway company of Germany, and Tink, a market-leading payment services and data enrichment platform, have partnered up for direct debit setups. DB enables customers using its modern mobility sharing systems, run by the subsidiary DB Connect, to seamlessly connect their bank accounts for easier account onboarding.

NTT DATA, a global business and IT services leader, today announces the launch of a corporate Center of Excellence (CoE), based in Iberia, focused on using cloud-native technology from Tuum to ease deployments and reduce time-to-market for banks looking to replace core systems.

Currencycloud, a Visa solution and expert in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) licence holder from the Monetary Authority of Singapore (MAS). The licence will allow Currencycloud to provide a full suite of intra-regional and international services to Singapore businesses.

Stripe, a financial infrastructure platform for businesses, has today expanded its in-person payment options by enabling businesses in the UK to accept Tap to Pay on iPhone. 

Banking Circle’s latest enhancement to its Agency Banking solution provides Financial Institutions (FI’s) and Payment Service Providers (PSP’s) with a faster and cheaper access point to local payment schemes to expand into further markets. The solution delivers indirect access to EURO local clearing via SEPA Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst) and GBP via Faster Payments Service (FPS).

The 20th anniversary edition of the Capgemini Research Institute’s World Retail Banking Report, published today, reveals 80% of retail bank executives believe that generative AI represents a significant leap in advancing AI technology. However, only 6% of retail banks are ready with a roadmap for enterprise-wide AI-driven transformation at scale.