Digital banking in the Asia Pacific (APAC) is set to be widely adopted with over three in five customers (63%) willing to make the switch to neobanks and challenger banks in the next five years, according to the Fintech and Digital Banking 2025 report by Backbase and IDC. The report also found that the region is expected to see 100 new financial institutions by 2025, ushered in by liberalization of several markets and issuance of new banking licenses.

Ebury is the first non-bank financial institution to be granted approval to provide SMEs with loans under the Italian government’s guarantee scheme “Garanzia Italia”*. The scheme, which is available to Italian businesses with less than 5,000 employees and €1.5 billion turnover, provides government guarantees to cover up to 90% of the loan value.

FIME has helped Euro-Information, Crédit Mutuel Group’s fintech, to achieve certification in line with the latest nexo standards Acquirer Protocol v6.0. The protocol standardizes the communication between the point of interaction (POI) device and the acquirer host.

Colt Technology Services has today announced the launch of two new features underpinned by its SD WAN platform; VoIP optimisation and support for IPv6.

These new features address the shift in network demand currently being experienced by enterprises globally, as many are adjusting to the new normal of mass remote working and additional devices connecting to their already stretched networks.

Banca dello Stato del Cantone Ticino (BancaStato) is investing in Appway’s client lifecycle management (CLM) solution suite to better support its front office with all client interactions, as well as reduce customer response times and improve operations across its front, middle, and back office. Concurrently, BancaStato is expanding its use of Appway for its fully-owned subsidiary specialized in world-class private banking services, known as Axion SWISS Bank, thereby harmonizing its IT architecture and customer experience group-wide.

Group Futurista launches its first in the series of the ‘Futurecast Webinar Series’ - with an eye on the post-Covid 19 business landscape which is expected to herald a leap in online economic activity. The Futurecast Webinar will address questions around the interplay and relationship between Artificial Intelligence and Human Intelligence and the way the two can be used to aid each other.

The Gold Sponsor for the Webinar is Grabba. 

Thirty-two banks in Italy have gone live with one of the first real-world deployments of enterprise blockchain technology in interbank financial markets.

The Spunta Banca DLT app for interbank reconciliation has been built by the Italian Banking Association, ABI, on R3’s Corda Enterprise platform.

The traditional reconciliation process for interbank transactions in Italy—formerly governed by the spunta process is notoriously complex.