Finastra today revealed a sneak peek at its annual State of the Nation Financial Services research. Results point to the significant progress the industry has made around open finance and collaboration, despite the challenging market conditions of the last few years.

The research takes in views from 758 professionals at financial institutions and banks across France, Germany, Hong Kong, Singapore, the UAE, the UK and the US, and finds:

Legion Capital Corporation, a FinTech-enabled, specialized business lender, was named on Silicon Review’s Best 50 Companies to Watch 2022.

Legion Capital provides financing for the acquisition, early-stage development and growth capital needs for small and medium-sized business owners, real estate developers and entrepreneurs, addressing a market segment that has gone largely unserved by banks and conventional lenders. 

Digital assets started as an alternative currency and investment after the 2008 financial crisis that saw people lose faith in the government and banks. The highest adoption of digital assets was experienced in 2021, following the covid-19 pandemic. During the pandemic, almost all businesses had to operate online; introducing contactless payments. Several stores ended up accepting crypto as means of payment.

Genesis Global, the low-code application development platform purpose-built for financial markets organizations, today announced that the Genesis platform will provide new trade automation and client portal system for Itaú Securities.

nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that PeoplesBank, an independent community bank based in York, Pennsylvania, is live on nCino’s

Accounting automation software leader BlackLine, Inc. has unveiled the industry’s first ‘tax hyperautomation’ capabilities for intercompany financial management, designed to help multinational corporations navigate the complexities of transacting across multiple legal entities, billing routes and jurisdictional boundaries.

UK digital bank Chetwood Financial has today announced a new partnership with parenting forum Mumsnet, with plans to launch a new family-focused financial services proposition next year.

As banks around the globe grapple with major upheaval in the way they will need to operate, Norwegian software vendor Commercial Banking Applications AS (CBA), today confirmed that it has completed the roll-out of the latest version of its IBAS GBF – Global Banking Factory solution – readying all its customers for full compliance with the new SWIFT ISO 20022 message standards (MX messages). These are due to come into effect from 21^st November this year.

Global technical body EMVCo has today announced the appointment of Arman Aygen to the role of Director of Technology.

Arman brings proven expertise from across the payments industry, having held senior technology leadership positions in the U.S., Europe and Asia. This includes roles at FIME and UL, where he was responsible for leading payments innovation and strategic relationship management with global payment brands.

X Metaverse Pro, with an aim to re-architect the core part of the financial system, has developed a viable financial management ecosystem, thereby promoting the experiment of decentralized governance. The mission of its native token, XMETA, is to become a DEFI 2.0 reserve currency.