The banking and finance landscape

“The recent IT outages witnessed at leading UK high street banks typify the difficulties traditional banks and financial institutions are facing with supplying a consistent, seamless digital service due to existing IT legacy systems.

“Over the last decade, we are seeing a transition from traditional banking offerings to an inter-connected web of banking and financial service providers, with technology at its core.

“A 2016 report conducted by Capgemini and LinkedIn of 8,000 retail banking customers in 15 countries shows that half of banking customers around the globe are using financial technology products and services from at least one fintech firm – and this number is growing.

The European online division of global payments leader, Ingenico Group, has released ecommerce transaction data insights which indicate a greater pan-European business opportunity for online merchants during highly targeted peak shopping events.

Volt Bank, the first  of a wave of new digital providers to be granted a banking license in Australia, has chosen technology and services from FIS (NYSE: FIS) to power its mobile and card payment services.

FIS, a leader in financial services technology, will provide Volt Bank with processing services for its credit card and mobile payments products. FIS will also provide solutions for risk and compliance management as well as treasury management.

AcadiaSoft  today announced a new technology partnership with CloudMargin that will provide its clients with a seamless front-to-back process for collateral and margin management. The service offers access to AcadiaSoft’s and CloudMargin’s best-in-class solutions via a single sign-on to one platform and provides real-time data and processing information that all parties can view simultaneously, enabling end-to-end workflow connectivity.

As services across transport ticketing, payment, loyalty and more increasingly converge, mobility service stakeholders are presented with a number of new opportunities to deliver better services, form partnerships and enhance revenues. But for many, the costs and complexities of upgrading legacy systems can slow innovation.

Today marks the launch of Sweep, a fully automated expense tracking system designed specifically to meet the requirements of freelancers, start-ups and small and medium enterprises (SMEs).  The new app has been built from the ground up, leveraging cutting edge technology to provide users with a fully automated transaction tracking system, smart payment categorisation and real-time expense reporting.

 Finastra announced today that revverbank, a Manchester-based new bank for regional businesses and savers in the UK, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities. The solution will support revverbank as it launches its services to SMEs and retail savers in the UK, giving it maximum scalability and flexibility to grow its business.

Solactive is pleased to announce the relocation of its headquarters in Frankfurt. On July 5th 2019, Solactive moved its operations to Frankfurt’s Kastor Tower, opposite the city’s most prominent business hub, Frankfurt Messe. The relocation reflects the growth spurt that Solactive has recently experienced.

After four years, Solactive has left its former office, located in Westend Frankfurt. With its new facilities, Solactive paves the way for future expansion. Solactive occupies two floors in the new building. The new office houses 110 of the company’s 210 employees.

Kinesis Money – creators of a robust blockchain-based currency the value of which is tied 1:1 to underlying physical gold and silver holdings – has achieved a major step forward in its vision to offer a superior alternative to mainstream central bank-mediated fiat monetary system.