The Nordic payment markets are among the most advanced and well-functioning in the world delivering first-class services to individuals and corporates across the region. At the same time, and despite close ties between the countries, the current payment infrastructures are highly fragmented along national borders. A harmonization of the domestic infrastructures and the products offered would ease cross-border payments and foster further trade between the Nordic countries, stimulating growth and employment.

Liquidnet, the global institutional trading network, and Abel Noser Solutions today announced the pilot of Portfolio Manager Profiling. The model, when incorporated into Liquidnet’s Virtual High Touch™ Next Gen algo suite, links historical trade and TCA data with the portfolio manager’s decisions to create a distinct profile for each participating portfolio manager. These profiles are then factored into determining a suggested algo trading strategy via Liquidnet’s Algo Ranking Model (ARM).

Profile Software, an international financial solutions provider, announced today the successful implementation of Acumen^net, the independent treasury solution developed by Login SA, a Profile company, in Family Bank, Kenya.

It may contain more than four letters, but legacy has become a dirty word in banking. In recent years, it has largely been used as shorthand for all the sources of inertia that are tying up budgets and binding staff to outmoded and inefficient processes. Legacy systems are far from perfect, and inevitably show their age versus newer pieces of kit. But they still have something of value to offer – otherwise they would have been thrown into the scrapheap long ago.

SDK.finance, the European Core Payment Platform, supersedes Visa and other major players in terms of API endpoints.

Striving to deliver the best-in-class back-end platform, SDK.finance beats the giants of the payment-processing industry and other major FinTech players according to research conducted by the team.

 CEO of SDK.Finance, Alex Malyshev, said:

According to a global online survey commissioned by RSA, a global cybersecurity leader delivering Business-Driven Security™ solutions, 41% of consumers admit to intentionally falsifying personal information and data when signing up for products and services online, revealing a continued scepticism over how such data is used. The findings come as 55% of respondents said they would avoid handing personal data to a company they know to have been selling or misusing data without consent.

BlueSnap, an online payments technology company, announces today that it has enhanced its end-to-end fraud and risk management in the all-in-one payment platform to protect payments at every stage of the journey. The platform comes with a full fraud-stack solution built-in from Chargebacks 911, Kount, Verifi, Ethoca, and CardinalCommerce for 3-D Secure. 

The P2P lending is turning to a significant source of additional income for the growing number of the European investors. According to the research carried out by analysts of the platform Robo.cash, this occurs due to the rising share of young investors in the market.

SafeCharge (LON: SCH), a leading payments technology company, has today at ICE 2018, launched SafeCharge Reconciliation Manager, a new solution for businesses to automate the matching of transactions across all their payment service providers, merchant platforms and banks. By consolidating and automating the reconciliation process with SafeCharge Reconciliation Manager, businesses in any industry can benefit from increased control, reporting accuracy and retrieval of revenues from incorrect reconciliation.

The Global Legal Entity Identifier Foundation (GLEIF) has published the first monthly relationship file that matches a Business Identifier Code (BIC) assigned to an organization against its Legal Entity Identifier (LEI). With the launch of this open source file, GLEIF and SWIFT have pioneered a cooperation model that, for the first time, enables market participants to link and cross-reference these key entity identifiers free of charge. This will significantly streamline entity verification processes and reduce data management costs.