There are still millions of people who do not have access to a bank account. Some don’t qualify for one, while others can’t or don’t wish to pay the fees that are associated with commercial banking. To them, these fees are significant.

According to media sources, there are believed to be an estimated 1.7 billion adults across the globe who do not presently enjoy access to conventional financial services. This equates to 31% of the adult population who are not currently leveraging financial services, products and benefits from a traditional bank account.

-MyComplianceOffice (MCO) announced today at the annual 

The decision by major central banks and SWIFT to migrate to ISO 20022 is an opportunity for banks and corporates to improve operational efficiency and reassess existing business models, but will require CEO commitment and allocation of appropriate budgets.

OpenFin, the operating system (OS) of finance, has raised $17 million in Series C funding from major banks and leading Fintech investors. The funding round was led by Wells Fargo with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners. The Series C round brings OpenFin’s total amount of venture funding to $40 million. Proceeds from the financing will be used to make OpenFin OS ubiquitous on financial desktops and to fund further product innovation.

It’s the digital age, and yet many finance organizations still find themselves mired in paper and manual processes – searching for, transferring, copying, sorting and filing information. But it doesn’t have to be this way. Studies show that 50-90 percent of financial processes can be automated by Robotic Process Automation (RPA).

Nomura Research Institute (NRI), a leading provider of consulting services and system solutions, was recognized by the 2019 FTF News Technology Innovation Awards for innovation in financial technology and has been awarded “Best Collateral Management Solution” and “Best OTC Derivatives Solution.”

Post-trade processing and collateral solutions have been a primary emphasis for their global business, and in 2018 NRI introduced two new solutions, GX Margins and GX Derivatives, to the marketplace.

Company behind pumped storage hydro schemes calls for Scottish firms to benefit from national renewable projects.

Hamilton based ILI Group have called for a level playing field for Scottish firms on renewable energy projects in Scotland

Last month saw troubled Scottish fabrication firm BiFab effectively ‘locked out’ of the biding process for a £200 million offshore wind farm in Moray, unable to compete with foreign state-backed competitors from Spain, UAE and Belgium. The Scottish Government took a £25 million equity stake last year in Bifab as part of a rescue agreement.

Axyon AI, the AI provider for financial services, has announced the appointment of Frank Abbenhuis as its Chief Commercial Officer.

Frank’s appointment builds upon Axyon AI’s recent growth, with the business expanding from its headquarters in the Modena, Italy, to London. Frank will oversee the development of this international development, liaising with clients to help address the problems that Axyon AI’s products can solve, from anticipating the market impact of economic events to suggesting future syndicated loans firms might be interested in.

National Bank of Bahrain (NBB) has today taken a lead role in evolving the banking industry in the region, by adopting technologies that enable it to deliver new open banking services to its customers.

Aconite Technology Ltd is proud to announce that Discovery Bank, a new digital-only challenger bank launched by Discovery Central Services Limited, the leading South African insurance and financial services provider, has started issuing and processing EMV®* debit and credit cards using Aconite Technology’s EMV solution suite. This initiative is part of Discovery’s expansion from a predominantly insurance-based business to a fully-fledged banking provider regulated by South Africa’s Reserve Bank.