Yesterday Huawei signed a mutual cooperation agreement with UnionPay International with the aim of working together to promote the globalization of Huawei Pay and to accelerate its roll-out worldwide in order to provide a better mobile payment experience for Huawei mobile device users. The agreement marks the first joint effort between Huawei and UnionPay to bring Huawei Pay to the global market since the two enterprises worked together to create Huawei Pay back in 2016.

Volante Technologies Inc., a global provider of software for the integration, processing and orchestration of payments and financial messages, announced today that it has been collaborating with BNY Mellon on creating and deploying technology to enable real-time payments in the US and internationally.

 BAFT, the international financial services association, has announced its Future Leaders program class of 2018, recognising Pelican’s Hiren Shah as an upcoming leader in the transaction banking industry.

Pelican, a global provider of Artificial Intelligence powered payments and financial crime compliance solutions for banks and corporates, joins a prestigious list of global organisations with outstanding employees recognised by BAFT, including JPMorgan, HSBC, Société Generale, BNP Paribas, Deutsche Bank, Barclays, and IBM.

Cloud security pioneer, Cryptomathic, today unveils the only cloud encryption management solution to address market demand for new ‘Manage Your Own Key’ (MYOK) practices.

‘Bring Your Own Key’ (BYOK) cloud encryption solutions, which enable businesses using cloud services to generate, back up and submit their own encryption keys, have quickly gained traction among businesses that require a high level of control over their data security in the cloud. 

State Street Corporation (NYSE: STT) announced today FX Connect, its market-leading FX execution venue, will partner with trade technology software provider BestX in order to offer transaction cost analysis (TCA) solutions globally.

FlexTrade today announced the integration of the BestX trade analytics solution for FX within its FlexTRADER EMS. With a fully interactive interface, users can use BestX to analyse their FX executions in real-time, delivering transparency to enable better decision making whilst meeting the needs of MiFIDII compliance for FX trading. 

As banks and financial institutions drive to automate processes and ensure tighter integration, they are increasingly diverting their attention away from shiny, attention-grabbing customer-facing products. Instead, they are turning to the critical, but perhaps less glamorous, world of backend services infrastructure.