PerfectCard, the FinTech provider of employee reward and corporate expense solutions, has joined Banking Circle to streamline payment reconciliation. Financial utility, Banking Circle, provides ground-breaking financial services infrastructure, helping banks and FinTechs to provide their customers with fast and cost-effective banking and payment solutions, without having to make significant investment in in-house systems.

Brand new research from RBR reveals that the number of payment cards in circulation worldwide reached 15 billion at the end of 2017, with UnionPay continuing to hold the largest share

Nordea Bank Abp (Nordea) has decided to further increase focus and strengthen execution within risk and compliance by consolidating resources in these areas. Two roles in Group Executive Management will be changed. 

Temenos (SIX: TEMN), the banking software company, today announces it has agreed to acquire Avoka, a leader in digital customer acquisition and onboarding, subject to regulatory approvals. The acquisition further strengthens the Temenos Digital Front Office product, which has over 300 banking clients and has been recognized as a leader by top analyst houses such as Forrester and Ovum. The Avoka platform will be integrated with the Temenos Digital Front Office product, providing banks with a comprehensive single solution for their omni-channel digital banking needs.

Today, PayPal launched Xoom, its international money transfer service in Canada.

NeoXam, a leading provider of data management and transaction software solutions dedicated to the financial industry, today announces it has received a “Finance Innovation Accreditation” by the French Public Authorities for its Artificial Intelligence (AI) offering. 

Finance Innovation is the unique cluster for innovation in the French financial sector. Its goal is to accelerate the creation and development of innovative projects devoted to challenges in the service of growth and employment.

One of the most important trends we’ll see in 2019 is the global adoption of Open Banking, especially in the United Kingdom, the European Union and Asia-Pacific (primarily in Singapore, Hong Kong and Australia). Open Banking allows third-party payment service providers (TPPs) to obtain consumer data from banks about financial history, and to initiate payments directly through bank accounts.