BFC Bank, a specialised bank focused on international payments and cash management services, completed its mobilisation process on 11 October 2017 and is to increase its corporate banking services.

A wholly owned subsidiary of BFC Group Holdings (BFC Group), BFC Bank received authorisation by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) (FRN 716167) in September 2016. It has successfully fulfilled all the necessary regulatory conditions to become operational.

SWIFT is launching a message translation offering that will allow users to define and validate messages from any format to ISO 20022, streamlining the process of migrating to a new standard.

As many market infrastructures (MIs) move to ISO 20022, financial institutions using older or proprietary message formats must ensure their messages remain compatible. Many legacy systems will need to be upgraded in order to process the new standards. This can be a costly and labour-intensive process, placing further time pressures on institutions and increasing operational risk.

Synaptic Software, the company responsible for developing research software for professional advisers, today launches Synaptic Analyser, a retirement income analysis and drawdown product comparison tool, that will help financial advisers support their customers in planning for retirement.

DigiPulse (https://www.digipulse.io/), the world’s first ‘digital cryptocurrency vault’ which provides an inheritance service for digital and crypto assets, has reached the $1million mark in a token sale which ends on 31 October 2017. 

The new brand enables customers to safely secure and pass on their digital assets to those they care about when they pass away.  These assets can include cryptocurrencies, digital images and other documents.

2Checkout (formerly Avangate), a leader in eCommerce, payments and subscription billing solutions, today released its H1 2017 benchmark report on Digital Commerce Trends in Software & Online Services Sales, showing that subscription-based software solutions, downloadable or as a service, maintain a strong upward trend. Consumers continue to prioritize security product purchases but also show interest in multimedia and design software.

BNP Paribas and Enyx are pleased to announce a strategic partnership to ensure market data stability and quality for BNP Paribas Global Markets’ market access infrastructure.

JPMorgan Chase announced Tuesday that it's acquiring WePay, a nine-year-old Silicon Valley firm that delivers payments-as-a-service APIs. Financial terms of the deal were not disclosed.

At a time when software-enabled payments are growing at four times the industry average, the acquisition will give Chase's business customers access to a simple platform for embedding payment acceptance into their digital experiences.