ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, today announced that HyperPay, a leading payment service provider (PSP) in the Middle East and North Africa (MENA) r

Francisco Fernandez had onboarded Juerg Hunziker as the Deputy Group CEO and Group CMO in 2016. After two years of successful collaboration he has appointed Juerg Hunziker as Avaloq’s new Group CEO, effective 1 January 2018. Francisco Fernandez will concentrate on his role as the Group Chairman and focus on innovation, strategy and acquisitions. Avaloq is further strengthening its corporate governance to facilitate growth and has a well attuned leadership team to prepare the company for a potential IPO in the coming years.

As EMVCo addresses the rapid growth of remote payments globally through its payment tokenisation, 3-D Secure, secure remote commerce, and mobile and security initiatives, industry stakeholders have responded by joining its Associates Programme. EMVCo today announces that eight new organisations have joined the programme in the past twelve months to play an active role in the strategic and technical direction of the EMV® Specifications.

Data quality, consistency, reconciliation and lineage is now top of mind for both regulators and the financial services firms they oversee. That’s according to subject matter experts at Wolters Kluwer’s Finance, Risk & Reporting business who are predicting an increased focus on data structure and management for 2018. Whereas regulatory requirements were previously centered on firms submitting static reports at a specific time, in the correct format, there is now set to be an increased appetite for more detailed and granular data to gain deeper insight.

Data quality, consistency, reconciliation and lineage is now top of mind for both regulators and the financial services firms they oversee. That’s according to subject matter experts at Wolters Kluwer’s Finance, Risk & Reporting business who are predicting an increased focus on data structure and management for 2018. Whereas regulatory requirements were previously centered on firms submitting static reports at a specific time, in the correct format, there is now set to be an increased appetite for more detailed and granular data to gain deeper insight.

EPAM Systems, a leading global provider of digital platform engineering and software development services, and UBS AG, the world's largest wealth manager, have been awarded for Best Use of IT Private Banking/Wealth Management at the Banking Technology Awards held on December 13, 2017 in London.

Now in its 18th year, the Banking Technology Awards recognize excellence and innovation in the use of IT in financial services worldwide, and the people who make it happen.

Nothing says the holidays like… delivery trucks? As the primary e-Commerce shopping period comes to a close due to shipping deadlines, Mastercard SpendingPulse reports that online shopping will play a bigger role in what’s under the tree than ever before. A new report out today finds that in 2017 e-Commerce saw the largest share of holiday sales ever (tracking at more than 11 percent) and growth of 16.3 percent compared to last year.

The SpendingPulse e-Commerce report looks at all online holiday shopping since November 1 and covers retail sales across all payment types.

Danal, Inc., a global leader in mobile identity and authentication solutions, today announced a partnership with one of the UK's leading digital communications companies, O2. Danal and O2 have joined forces to address the growing demand for mobile identity services in the UK, providing services for digital eKYC and identity proofing for regulated online services.

1. Payment Services Directive (PSD2) Finally Goes Live “It has has been a long road to PSD2, given that it was approved in November 2015 by the Council of the European Union. However, it will finally be coming into force in January 2018 and that means that banks must open up their customer data to third parties on request - whether these third parties are their direct competitors, challenger banks or nascent fintech startups.”

Derivatives market participants have been rightfully concerned about the potentially adverse impact of MiFID II on global trading. However, the US and EU authorities have taken significant steps in recent weeks to mitigate some of those concerns. The CFTC has issued an interpretative letter regarding the unbundling of research, something that is mandatory in the EU under MiFID II but partly restricted in the US.