Asset managers are increasingly acting to adopt resilient oversight and contingent NAV solutions, in the face of ongoing regulatory attention and maturing automation solutions. This is according to new research from institutional fintech firm Milestone Group, who have been directly engaged in developing these capabilities for the global investments industry. 

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, announced today they will donate 100% of brokerage fees from global AUD turnover for three full trading days from 9am Tuesday 4 February to 9am Friday 7 February (AEST) to a range of accredited Australian charities to support the volunteer firefighters and communities impacted by the recent bushfires.

This turnover is inclusive of spot, forwards, swaps and options traded on Refinitiv platforms (Matching and FXALL) and is for all AUD currency pairs.

Advanced technology and innovation have forever disrupted business operations of the past. With changing trends and customer expectation, product offerings, service and business operations has been the centre of the continuous cycle of adopting and adapting to latest technology and operation models. The financial service industry is no exception to this and has witnessed dynamic transformation pertaining to digital and technological aspects of product classification and conducting business.

Today, a new independent global network to digitise and modernise the USD 18 trillion trade finance market has been launched under the new brand – Contour.

The launch follows a series of ground-breaking live pilots in 14 countries and a global trial with more than 50 banks and corporates, which reduced processing times for Letters of Credit by over 90%, from 5-10 days to under 24 hours. 

HPD LendScape, a leading global asset based lending and factoring platform, has appointed market specialist, Kheng Leong Lee, as its regional representative for the Asia Pacific region. Based in Singapore, Lee brings with him over forty years’ experience in providing financial support to SMEs in the APAC region.

Standard Chartered announced its investment into Contour, a blockchain-based open industry platform that will initially focus on digitally creating, exchanging, approving and issuing Letters of Credit (LCs), following the full commercialisation of its offering and appointment its CEO Carl Wegner.

Curve, the Over-The-Top banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, today brings its customers Apple Pay, which is transforming payments with an easy, secure and private way to pay. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast and convenient purchases in stores, in apps and on websites.

Calypso Networks Association (CNA) and OSPT Alliance announce their collaboration to drive the adoption of open standards in transport ticketing.

PrePay Solutions subsidiary of Edenred, the everyday companion for people at work, today announces its rebrand as PPS.

PPS, founder and innovator in prepaid cards, has in the last 5 years grown the market in the fintech services including banking, virtual cards, debit, credit and prepaid processing. As a result of this expansion the company will now be formally known as PPS, a moniker already well known in the industry.

Cyber security provider F-Secure has begun to roll out