Impact of FinTech on financial services 

Financial services companies have always been able to adapt their business in the face of external pressure. Companies have become successful by offering new products and services demanded by their customers, complying with evolving regulation by enhancing their control and oversight procedures and investing in new systems. The pressure to grow their business and manage their costs, means many firms have used acquisitions to gain economies of scale or enter new markets.

ABBYY Europe, a leading provider of document recognition, data capture and linguistic technologies, has improved and standardised automated invoice processing for Röchling Automotive AG & Co. KG. The business now uses ABBYY’s FlexiCapture for Invoices at branch offices in four countries to process invoices received via e-mail and paper format. The software captures the documents, extracts the invoice data and sends it to the SAP systems.

Earthport has partnered with Bank of The Bahamas Limited, to provide local payment capability into The Bahamas.

Through this new partnership Earthport will help support the efficient, secure and cost effective payment services into the country and further strengthen payment capability into the Caribbean. Currently, this market is only available for financial institution clients due to a condition of Earthport’s regulatory approval in the Bahamas.

Alceda  has partnered with CBRE Clarion Securities to launch a new infrastructure fund on its Luxembourg-based UCITS platform. As a result, pan-European investors will be able to access CBRE Clarion’s leading listed infrastructure strategy via a liquid and regulated UCITS vehicle.

What does the product do?

CustomerXPs’ Clari5 is an enterprise solution that enables commercial banks to detect transactions in real-time that are fraudulent and/or illegal in terms of Anti-Money Laundering/ Counter-Terrorism Financing (AML/CFT) laws. 

A leading provider of digital communications services, today announces the latest enhancements to its world-class signaling security solutions, providing operators with the broadest, deepest and fastest response to controlling vulnerabilities across any signaling network.

Kleptika and Silah Gulf, both leading specialists in innovative and premium Customer Experience (CX) solutions, join forces to revolutionize CX in the Middle-East by delivering next generation Robotics and Process Automation solutions.

Samsung Electronics announced today that Brazil will roll out Samsung Pay on July 19, with major financial partners, making it the first market in South America to introduce the company’s mobile payment service.

Secure and easy to use, Samsung Pay can be used to make purchases almost anywhere¹ that debit cards or credit cards are accepted. Samsung Pay allows users to pay with their compatible Samsung smartphones at point of sale terminals, thanks to both MST (Magnetic Secure Transmission) and NFC technologies.

In an important industry milestone, Mastercard today unveiled the foundation for the future of commerce with the new Masterpass global digital payment service.