Fidor, the innovative provider of digital banking solutions that helps banks launch and run their own digital brand, today puts its expansion strategy into action through its newest office extension in Dubai Silicon Oasis, the integrated free zone technology park.

The Head of Legal at Pilatus Bank discusses the IV Anti-Money Laundering Directive (IV AML Directive) which was enacted on 25 June 2015, and is the most sweeping anti-money laundering legislation in Europe in several years that came into force on 26 June 2017.

Nasdaq and Strate (Pty) Ltd, the South African CSD, announced today an agreement for Nasdaq to deliver a new blockchain solution that would bring electronic voting to the South African capital markets. The solution will allow Strate, in conjunction with key stakeholders in the market, to provide general meeting services and give shareholders an easy, user-friendly and secure tool for voting remotely.

Spending growth across the European Union is on track to outstrip the US this Black Friday, according to analysis by Ingenico, the global leader in seamless payment. Based on its payments data from 2016, spending uplift in the bloc is expected to be in excess of 450% above an average Friday, nearly three times the 162% spend increase in the US, and higher than the UK’s 318%. Transaction spending values are also anticipated to be significantly greater across the EU over the November sales bonanza.

The Austrian IT security company ProCom-Strasser introduces a new security product for cloud applications to the world market, enabling companies, operators of critical infrastructures and public authorities to securely store their data in cloud storage solutions. The special technological security concept was developed in close cooperation with cryptography experts at the AIT Austrian Institute of Technology. The product innovation will be presented from 21.-24. November 2017 at Milipol 2017 in Paris, the global leading event for Homeland Security.

VakifBank, a leading Turkish bank, is expanding the functionality of its self-service channel by introducing new software and cash recycling systems from Diebold Nixdorf (NYSE: DBD), a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. 

Continuing its investment in the Canadian artificial intelligence (AI) ecosystem, Borealis AI, an RBC Institute for Research, today announced that it will open a lab in Montreal, one of Canada’s most prominent AI hubs. 

SEPA Instant Payments (SCT inst) is the first instant payment scheme to be inter-operable in a region as large as SEPA and is a response to European customer needs for faster payments.

From November 2017, customers of participating banks will be able to send money to accounts in 10 seconds regardless of the SEPA countries involved in the transaction, and can do this 24/7/365.

Synechron, Inc, the global financial services consulting and technology services provider, has won the global ACORD Insurance Innovation Challenge Award for Industry Disrupter for 2017. ACORD, the global provider of insurance data standards, recognized Synechron’s Artificial Intelligence/Machine Learning Accelerator for Visual Risk at an event in Boston, the firm has announced today.