The Global Legal Entity Identifier Foundation (GLEIF) has today pioneered the inclusion of a Legal Entity Identifier (LEI)* within digital, machine-readable financial documentation. In partnership with XBRL International, GLEIF has published its 2018 annual report in human and machine-readable Inline XBRL and HTML format, with GLEIF’s LEI embedded into the financial information for the first time.

VERMEG, the banking and insurance software solutions leader, today announced that a leading Dutch bank has signed up for its AgileREPORTER solution to assist with its regulatory reporting to the Monetary Authority of Singapore (MAS).  

VERMEG has expanded significantly in Singapore with its regulatory reporting and compliance solution AgileREPORTER, due to high demand in the region. This has been mainly driven by sweeping regulatory reforms by the MAS such as the new MAS 610 report.

Financial Institutions and banks, in West Africa, driven by innovation, are harnessing region’s widespread mobile-phone coverage to create low-price offerings and innovative distribution models and are tapping the intrinsic opportunities that lie within these challenges the West African digital banking revenue growth could accelerate significantly over the coming years.

Omnio Group, a leading global fintech formed from the merger of Payment Cloud Technologies and Tuxedo Money Solutions, has been granted principal membership by Visa.

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies and a Gold level member of the Oracle Partner Network (OPN), has announced it has achieved an Oracle Validated Integration with Oracle Hospitality OPERA, the property management system for hospitality businesses. The integration utilises the Oracle Payment Interface (OPI) and enables hotels across the world to benefit from Adyen’s payments platform without the need for a complex integration project.

The banking industry has made huge strides to drive innovation by investing in new technologies over the last few decades. Commercial banks first adopted telephone banking, then came internet banking and now, for most customers, all your financial services needs can be met via an app. Now, as we enter the conversational era enabled by cognitive AI, customer expectations have evolved once again.

SteelEye, the compliance technology and data analytics platform, was awarded Best Trade Reconstruction Solution for Best Execution at yesterday’s TradingTech Insight Awards – North America 2019. Celebrating excellence, the TradingTech Insight Awards recognise outstanding performance by Data Management, Trading Technology and RegTech vendors in the financial services industry.

Citi announced today the launch of the Citi Middle East and North Africa (MENA) Fintech Challenge. The Citi MENA Fintech Challenge offers the region’s Fintech community the opportunity to put their ideas into practice and come up with innovative solutions around four identified problem statements:

·         Digitizing Cash Collections

·         Assured Payments

·         B2B2C Enablement

·         Digitizing Trade Processes

Avast, the world leader in digital security products, has today launched a new Patch Management service to help small and mid-sized businesses manage necessary security updates more easily and efficiently. Around 50% of software vulnerabilities exploited occur within 2-4 weeks of a software update being released, however, the time-intensive evaluation and required testing of patches means businesses on average take 120 days to implement the updates, exposing them to severe risk.

Klarna — Europe’s leading payments provider and the company powering Pay later for thousands of brands in the UK — has today announced the expansion of its UK operations with a new office in Manchester. The expansion will complement Klarna’s current London base in the heart of the retail and fashion district at Oxford Street.