Today’s confirmation of a 2% contraction of real GDP growth in the first quarter of 2020 is the sharpest drop we’ve seen since the global financial crisis in 2008. Although UK figures for Q1 are not as extreme as the eurozone contraction (where GDP fell by almost 4%), Q2 figures are expected to show continued contraction as the UK lockdown was implemented slightly later than in other European countries.

Lumi Wallet is introducing 0% Fees on all in-wallet operations. All you need to get rid of fees is the Lumi Wallet app and the promocode – HEYHEY.

Why is Lumi doing this?

Decentralized finance has undeniable advantages over fiat currencies: convertibility, diversification, speed, and security of transfer. But the junction of two worlds - crypto and fiat - is where we face the necessary evil - transaction fees.

Finastra, one of the world’s largest financial technology solutions providers, announced today that it has helped process more than 86,000 Paycheck Protection Program (PPP) loans to date, supporting community-focused banks and credit unions as they provide critical financial assistance for small businesses impacted by the Covid-19 pandemic. Finastra’s CARES Act

It’s not news that the global pandemic has seen dramatic changes in consumer behaviour. People who have previously resisted shopping online now have little choice and are signing up to e-commerce sites by the millions.

NICE Actimize, a NICE (Nasdaq: NICE) business and a leader in Autonomous Financial Crime Management and Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, together today announced the expansion in their strategic collaboration. This global partnership will allow Infosys to offer its best-in-class delivery capabilities and resell NICE Actimize’s end-to-end financial crime software solutions through either a cloud or on-premises environment to a growing customer base around the world.

Citi’s Treasury and Trade Solutions (TTS) has expanded the reach of the CitiDirect BE® Digital Onboarding platform, making it available in 37 countries and five languages. Additionally, usage across all client-facing digital channels has dramatically grown over the first quarter of 2020, as clients switch to continuity-of-business (COB) modes, with remote work during the pandemic. 
 

Nearly 80% of CEOs and their direct reports say that less than half of all innovation projects at their organization succeed, according to a survey released today from Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, and G100 Network. The survey of CEOs and their direct reports from Fortune 1000 companies across a diverse range of industries uncovers how executives discover and implement emerging technologies.

Pico, the leading provider of technology services for the financial markets community, today has announced that Frank Troise will join Pico as Co-Chief Executive Officer alongside Chairman and Founder, Jarrod Yuster. The firm has had exceptional growth since inception over the past decade and Troise will partner with Yuster to build on Pico’s strong foundation and accelerate further expansion.

Appian today announced the results of its “Business Automation Technologies and the Customer Experience” survey. The objective of the survey, conducted by IDG, was to understand employee attitudes at large organisations across the United States and Europe with respect to business automation technologies and the “humanisation” of business-to-customer relationships. In the midst of COVID-19 pandemic, this question takes on even greater urgency for businesses.