During 2018, SWIFT’s gpi payments service continued to radically transform correspondent banking. With the support of hundreds of financial institutions, including the world’s 60 biggest banks, it is now being used to send hundreds of billions in payments every day – more than half (55%) of SWIFT’s cross-border traffic.
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Temenos (SIX: TEMN), the banking software company, today announced that Isracard, the largest credit card company in Israel, has selected Temenos T24 Core Banking. Temenos’ digital open banking platform will help Isracard achieve its strategic goal of simplifying its systems architecture, and enabling the credit card provider to enhance the digital experience for its customers.
To reduce the costs of collections, Raiffeisen Bank International, a leading European retail and commercial bank, will use the cloud edition of FICO® Debt Manager™ solution, a platform for collections and recoveries used by lenders and third-party agencies. The cloud edition is expected to make future upgrades faster and less dependent on IT resources at the bank.
Path Solutions is proud to be a partner of choice for Sohar Islamic - Bank Sohar’s Islamic banking window in the Sultanate of Oman, having implemented and recently upgraded iMAL*E-Banking and iMAL*MobileBanking solutions for them to provide innovative Internet and Mobile Banking services to their customers.
Kanbawza (KBZ) Bank, Myanmar’s largest privately-owned bank, has selected Finastra and its treasury management solution, Fusion Treasury, to enable straight-through-processing (STP). The partnership supports KBZ Bank’s move away from manual treasury processing operations as part of its strategy to ensure faster, more efficient services.
Over the past year there have been changes in the payment business that have affected various areas, among them:
- entry into force of the second payment directive PSD2;
- continuing trend of cryptocurrency market regulation and the corresponding changes in the legislation of different countries.
Constant changes in the regulation of the payment business, the situation in the global market, emergence of new players - all this makes it necessary to constantly monitor current trends and innovations in order to actively develop the business and find new customers.
FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced that the EMEA Trading Conference on 14th March 2019 will be held in association with a number of Trade Associations, including: The Association for Financial Markets in Europe, AFME, International Capital Market Association, ICMA, the European Debt Market Association, EDMA, and the
In 2017, as the ATM industry celebrated its 50thyear, the number of ATMs installed worldwide peaked at 3.28 million with a fall in installations predicted over the next few years
Despite fall in China, ATM markets in the majority of countries will continue to expand
According to RBR’s latest report Global ATM Market and Forecasts to 2023, the number of ATMs installed worldwide is set to drop off gradually to 3.23 million by the end of 2023.
Last year, Adobe reported 58 of Nov.-to-Dec.’s 60 shopping days saw over $ 1billion in online U.S. sales. This year, the same source shows year-over-year growth across the board:















