In 2016, according to a report just published by the European Central Bank (ECB), EU citizens made €123 billion worth of what the ECB calls ‘peer-to-peer’ cash payments. That’s just another way of describing the money grandparents tuck inside birthday cards, donations to charity, payments to street vendors and the hundreds of other small cash transactions people make all the time.

Alipay, the world’s largest online and mobile payment platform operated by Ant Financial Services Group (“Ant Financial”, “Ant”), today announced an agreement to make Alipay available in Apple retail stores across mainland China, making it the first third-party mobile payment method to be accepted at the U.S. company’s brick-and-mortar stores anywhere in the world.

The agreement covers all 41 of Apple’s physical stores in mainland China, the company’s largest retail market outside the U.S.

Data Governance Policies Need To Be Updated

MiFID II is a new exhaustive financial regulation being implemented in Europe as of January 3rd. However, the sweeping legislation won’t only impact European banks.

Even U.S. financial institutions are grappling with the changes as they race to implement the necessary changes globally. Also, current U.S. regulations conflict with some of the new guidelines in Europe making adherence by U.S. institutions complicated and costly.    

Provenir has expanded its risk analytics and decisioning platform to support the increasingly popular programming language Python. 

eGain (NASDAQ:EGAN), the leading provider of cloud-based customer engagement solutions, today announced that chatbot silos are the biggest hurdle for consumers in using virtual assistants. The finding is from an independent survey of 3,000 consumers, conducted by Chatbots.org.

The Roads and Transport Authority (RTA) of Dubai and HERE Technologies today announced that they have signed a memorandum of understanding on a long-term technology collaboration with the aim of mapping the city with high definition technology for the first time. HD maps are a prerequisite to moving Dubai closer to its goal of having 25% of public transport self-driving services by 2030.

PrePay Solutions (PPS), Europe’s leading prepaid and digital banking specialist, has partnered with new business bank account provider, Coconut, to enable the delivery of  an app-based account that uniquely manages tax and expenses for freelancers and self-employed people.

Following the announcement 15 November 2017 that Heikki Ilkka is leaving Nordea the process to secure the future CFO of Nordea has now been completed with the appointment of Christopher Rees (46), currently Deputy Head of Wholesale Banking and Head of Nordea Markets, as new Group Chief Financial Officer (CFO), Head of Group Finance & Treasury and member of Group Executive Management (GEM) from 1 March 2018.  

Christopher Rees joined Nordea in 2015 as COO for Wholesale Banking and most recently held the roles of Deputy Head of Wholesale Banking and Head of Nordea Markets. 

Europe's first chargeback management and dispute resolution company for businesses, The Chargeback Company, also known as Chargebacks911, has secured a major coup in welcoming Stefano Petrazzoli as its new Director of Travel Relations.