The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) carried out a rigorous process of testing the compliance of iMAL Islamic financial software and issued a certificate to confirm its compliance with AAOIFI’s Shari’ah and Financial Accounting standards.

Adyen, the payments platform of choice for many of the world’s leading companies, has today announced it is working with Hakkasan’s Michelin starred restaurants to deliver innovative payment experiences to its locations in the UK, as well as its authentic Japanese restaurant Sake no Hana in Mayfair.

Klarna, one of the world’s leading smooth shopping and payment providers, is pleased to announce that Francine (Fran) Ereira has been appointed to the role of General Manager for Australia and New Zealand. Starting February 3, she will be responsible for Klarna’s launch and growth in Australia, as well as lead the company’s daily operations and expansion across the region.

ING announced the spin-out of Katana, the advanced analytics platform that supports portfolio managers in making faster and sharper investment decisions. To enable further growth and to pave the way for an independent future for Katana, ING Ventures will invest a further £1.5m alongside other investors, as part of a £3 million funding round. Katana Labs ltd has incorporated in the UK and has its offices in London.

Sune Gabelgård, Head of Digital Fraud, Intelligence & Research at Nets, unpacks the likely evolution of payment card fraud and explains how financial institutions can best prepare themselves

Tribe Payments, a team of industry experts dedicated to delivering the future of payments, has announced the first implementation of its new Bankbox service. With technical integration completed in under one month, Telleroo has rapidly streamlined its bulk payment service for accountancy firms and bookkeepers, creating a single unified workflow for payroll and supplier transactions on behalf of their SME clients.

 MYPINPAD (“MPP”), the global leader in secure personal authentication for payment solutions, has achieved Payment Card Industry (PCI) Security Standards Council certification for its iOS Software based PIN entry on a Commercial off-the-shelf (SPoC) solution.

Transactions using mobile devices top the list, accounting for 72 percent of all financial transactions. Garanti BBVA understands, however, that some customers prefer to physically visit a branch to do their banking.

MoneyGram (NASDAQ: MGI) announced record-breaking online transaction growth during the holiday shopping season from its MoneyGram-branded online platforms. Between December 1 and December 25, MoneyGram-branded online platforms reported transaction growth of more than 70 percent on a year-over-yea