The new report “The Payments Transformation Race: Criteria for Success” from Aite and Icon Solutions identified that banks that have a clear and robust payments transformation plan are more profitable than their competitors – effectively widening the gap between the winners and losers in the transformation race. So how does a bank become one of the winners?

The current challenges

Financial IT speaks with Amr Soliman, CEO, Corzap about SWIFT gpi compliance at Sibos 2019

 Finablr PLC, a global platform for payments, and Samsung Electronics America today introduced the Money Transfer feature in Samsung Pay. This new in-app international money transfer service, a first of its kind in the U.S., offers users seamless and secure cross-border payments to 47 countries through a variety of payout methods, all within Samsung’s native mobile wallet.

Saxo Bank, the online trading and investment specialist, has today published its Q4 2019 Quarterly Outlook for global markets, including trading ideas covering equities, FX, commodities, and bonds, as well as a range of central macro themes impacting client portfolios.

An interview with Mark Buitenhek, Head Transaction Services, ING at Sibos 2019, London. During the interview, Mark Buitenhek mentioned about the importance of open banking, cybersecurity and instant payment.

The Saudi British Bank (SABB), one of Saudi Arabia’s leading financial institutions, and SWIFT, global member owned cooperative and the world’s leading provider of secure financial messaging services announce today that SABB is the first bank in the Middle East, North Africa and Turkey (MENAT) region to go live with SWIFT gpi for Corporates service (g4c). As part of the early adopters for g4c program, SABB and one of the leading global corporates are now the first in the region to go live on the service.

Rapyd, a fintech-as-a-service' platform that enables businesses and consumers to pay or be paid however they choose for local and cross-border e-commerce transactions, has closed a $100 million funding round led by Oak HC/FT and joined by Stripe.

UK ATM network Link has set up a £1 million fund from which cash-starved communities can draw in order to install a free cash machine.

Ripple has launched a developer platform to help third parties build new products using its private cryoptocurrency XRP.

Analysts at Wells Fargo are forecasting that up to ten percent of bank jobs in the US will be wiped out by ongoing technological progress in the next ten years.