The corona crisis has matured the Faroese e-commerce market. Now, Danish fintech Clearhaus and local gateway Terminal.fo are joining forces to make Faroese online stores easier and faster.

The Faroe Islands are currently experiencing a boom in the number of online businesses. Thus, the Faroese payment gateway Terminal.fo is now entering into a partnership with the Danish fintech Clearhaus to increase the speed of setting up online stores.

TrueCommerce, a global provider of trading partner connectivity and integration solutions, has announced its enhanced purchasing integration for Sage X3. The new solution helps organizations seamlessly connect and integrate core business documents with their vendor community. 

The Swiss-based wealthtech leader is launching a new stand-alone, core-agnostic suite of digital wealth management platforms.

Avaloq Wealth is the first new platform to go live as it enables banks and wealth managers to provide highly personalized investment advice and bespoke services to their clients, while reducing the time spent on preparing and analyzing investment proposals. The new platform is available as a stand-alone solution, independent from Avaloq’s market-leading core banking software.

Global Processing Services (GPS) has today announced that it has partnered with London-based fintech, sync., to power the payments processing function of sync.’s debit cards.

Open banking platform Tink continues its expansion across Europe with the acquisition of Instantor, a leading European provider of credit decision solutions based on open banking technology. The acquisition will strengthen Tink’s product offering and market position in Europe.

Data bias, “black box” risk, and lack of human oversight are the main governance issues for banks using AI, according to the Economist Intelligence Unit (EIU) report “Overseeing AI: Governing artificial intelligence in banking”. The report is based on a review of global regulatory guidance on AI risks and governance in banking carried out by the EIU on behalf of Temenos (SIX: TEMN), the banking software company.

Barclaycard, a leading global payment business, is partnering with FreedomPay in the UK and Europe – a leader in commerce solutions. The collaboration will provide a seamless end-to-end payment experience to Barclaycard customers across a broad array of sectors.

Banking Circle, the ground-breaking financial infrastructure provider, has added Polish Zloty (PLN) to its local currency payout capabilities. Payments businesses working with Banking Circle can now provide their merchant customers with same day settlement for payments to Poland in Polish Zloty via the local payment network, eliminating the need to use the SWIFT network and, therefore, ensuring the end party receives the full amount.

Onfido, the global identity verification and authentication company, today announces new partnerships with Bondora, Voima Gold, and EstateGuru, to securely manage and streamline access to their financial services for local and international users.

Acronis, a global leader in cyber protection, today announced the acquisition of DeviceLock, Inc., a leading provider of endpoint device/port control and data leak prevention software for enterprises and government institutions around the world. As part of the agreement, DeviceLock will become a wholly-owned subsidiary of Acronis.