Adam Toms, CEO of OpenFin Europe, talks to Financial IT at Fintech Connect 2019

TransferMate, one of the world’s leading cross-border B2B payments providers, and AccountsIQ, a market leading cloud accounting, consolidation and business intelligence solution, have announced further product integration to offer seamless international payments for AccountsIQ clients.

While AccountsIQ customers can already benefit from the preferential exchange rates and lower fees offered by TransferMate, the advent of TransferMate’s leading API technology means that international payments can now be generated directly from within the AccountsIQ platform.

Bottomline Technologies, a leading provider of financial technology that helps make business payments simple, smart and secure, today announced it has been recognised with the award for ‘Accounts Payable / Invoicing Product of the Year’ by Document Manager Magazine’s DM Awards. Bottomline was selected for its integrated invoice automation solution, which replaces manual processes and accelerates payables processing.

Financial IT speaks with Anurag Bhatia and Andres Ricaurte, SVPs of Mphasis at FinTech Connect

Onfido, the global identity verification provider, today announced a renewed partnership with European challenger bank, bunq.

British freelance payments platform Paydesk today announced its integration with TransferWise, the global technology company for moving money internationally, to offer the most efficient payments to freelance workers.

With an 8 percent increase on the previous year, identity fraud is on the rise. More fraud means more victims, but the victims do not exist without perpetrators and it’s important to understand exactly who these perpetrators are. The fraudsters fall broadly into three buckets: those who commit first party, second party or third party fraud.

First Party Fraud

Temenos (SIX: TEMN), the banking software company, has been awarded the ‘Most Innovative Banking Technology Partner of the Year’ in the Private Banking & Wealth Management’s Special Editor’s Award. Temenos Infinity Wealth impressed the judges with its capacity to deliver digital client experiences while driving considerable efficiency gains for banks from a single front-to-back platform.

More than 10 years after the invention of Bitcoin, there is still a tremendous gap between traditional banking on one side and decentralised finance on the other side. SEBA Bank, an integrated bank focused on digital assets, works as a bridge builder offering a comprehensive range of services in digital as well as in traditional finance. In August, it received a licence from the Swiss Financial Market Authority FINMA – the first time such a licence to a bank with a main focus on digital assets and crypto was granted.

Expansion into nine additional markets

Tech is disrupting the conventional banking sector from back office core banking to customer-facing processes. Islamic banking is no different. Wael Malkawi, executive director at ICS Financial Systems (ICSFS), spoke with IBS Intelligence about how technology has disrupted Islamic banks in recent years.

How has Islamic banking evolved/changed in the past few years?