IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced the appointment of Gay Huey Evans OBE as an independent director to its board, effective August 21, 2020. She will also join the company’s audit committee. Following the appointment, 40% of the independent directors on the IHS Markit board are female.

On the 4-5^th August 2020, over 3,000 financial services executives from 90 countries around the world gathered at the Virtual FinTech Fair 2020, Asia’s first fully virtual conference, to discuss how the industry can come together to overcome the biggest challenge it has faced since the 2008 financial crisis – COVID-19.

In view of increased client need for wealth management via digital channels, Citibank has long been devoted to bringing innovative banking experiences to clients. "Move Money to Citi" service was recently launched in the Citi Mobile® App to facilitate real-time money transfer from accounts at other banks to Citibank accounts upon registration.

COVID-19 has had an unparalleled impact on all aspects of life globally, including business and across all industries. Payments is no different.

Financial services SMEs have emerged as the most resilient and confident sector group in the wake of lockdown, according to Sage’s SME Sentiment Index. 

Businesses in this sector are the most likely to have been profitable by the end of Q2 2020, with 63% expecting to turn a profit by mid-year. They are also the most resilient to future disruption; 55% say a second wave of Covid-19 and tightening of lockdown restrictions would not have a severe negative impact. 

On Monday 24 August 2020 digital bank Zopa is launching it’s Fixed Term Savings account, offering UK savers the ability to earn rates of up to 1.3% over one to five years.   

Ondot Systems, a digital card services platform for credit and debit issuers, announced the addition of key staff to its European team as part of the company’s international expansion plans. 

The European sales team is led by Sunil Gossain, a business development executive with two decades of knowledge and experience from leadership roles within solution providers, financial services and consulting agencies.

Paymentology, providers of the innovative cloud-based processing platform, has announced the launch of its new global credit card processing solution, under the branding of Credit Works.

Credit.Works fills a growing gap in the industry’s credit card processing space which has lagged behind with a lack of innovation. Paymentology’s market-leading approach enables Credit.Works to supersede the capabilities of existing platform solutions.

Paysend, the global Fintech corporation based in UK, announces a technology collaboration with Alipay to provide Paysend's users with cross-border money transfer that brings more convenient and inclusive services to consumers globally.