Despite one in ten migrant workers in the UK having to live away from their children (9%) or spouses (8%), two-thirds (64%) are relieved they can support these family members after moving, reveals Xpress Money, one of the most dependable money transfer brands in the world. These sacrifices mean that two in three (60%) migrant workers are now able to better provide financial support to their families, through remittances.

Comviva, the global leader in providing mobility solutions, today announced its foray into banking customer value management (CVM) by entering into a new partnership with Number Theory, an Artificial Intelligence and Enterprise Data Management firm.

After documenting improvements in Payment Card Industry Data Security Standard (PCI DSS) compliance over the past six years (2010 – 2016), Verizon’s 2018 Payment Security Report (PSR) now reveals a concerning downward trend with companies failing compliance assessments and perhaps, more importantly, not maintaining - full compliance. 

PFU (EMEA) Limited, a Fujitsu company, the world's leading scanner manufacturer, today announced it has partnered with OptoSweden, a leading automatic document processing provider to offer small and medium sized enterprises (SMEs) a new web scanning solution designed to optimise workflow.

Spotcap today announced Sophie Peacock as the winner of the Fintech Fellowship for 2018. Running for its second consecutive year, the Fellowship awards one UK-based masters or MBA student with an £8k scholarship. By supporting aspiring talent, the initiative aims to plug the fintech skills gap by raising awareness of career opportunities in the field.

Citi has announced the launch of its new global solution, Citi^® Virtual Accounts, which allows clients to segregate their balances under a single physical account, providing enhanced visibility, control and efficiencies through centralized payments, receivables and liquidity management. 

The in-house solution leverages the strength of Citi’s on the ground presence whilst delivering a globally consistent offering and is live with clients in Western Europe covering 16 markets and 37 currencies, with the U.S. and Asia to follow.

Signicat, a leader in trusted digital identity, has joined the European Telecommunications Standards Institute (ETSI), the recognised standards body for electronic communications. As part of the technical committee on Electronic Signatures and Infrastructure (ESI), Signicat will help create and shape the standards for digital signatures and trust services.

Finastra has launched Fusion Essence in the cloud, a fully integrated core and digital solution, localized for the UK Market. Deployed on Azure, Microsoft’s enterprise-ready, trusted cloud platform, it is available to all banks, but is particularly suited to ambitious challenger banks, enabling them to come to market with velocity and allowing them to launch personalized offerings first and fast, maintaining a competitive edge.

Framework, a specialist global solutions vendor for Private Equity (PE) and Real Estate (RE) investments, has made a senior hire to its leadership team to meet demand for its enterprise investment accounting data management solutions.
 

Framework today announced the appointment of Alan Naughton as CEO. The appointment will strengthen the leadership team as Framework concentrate on accelerating their current growth and focus on innovation in PE and RE investment data management.

Card-on-file (the process of collecting and storing payment card credentials) is fundamental to the card-not-present (CNP) ecosystem, facilitating the delivery of popular payment methods such as one-click ordering and recurring payments.

Growing CNP fraud, and the need for merchants to deliver a seamless user experience, is driving demand for card-on-file EMV payment tokenization. As industry players look tosimplify tokenization initiatives, while adding additional value, token gateway solutions can deliver considerable competitive advantages: