The Global Legal Entity Identifier Foundation (GLEIF) and Evernym have piloted a solution which allows organizations to create and manage ‘organization wallets’, containing digital portable credentials that confirm an organization’s identity and verify the authority of employees and other representatives to act on behalf of the organization.

The latest edition of World Finance magazine is out now and has confirmed ICS Financial Systems (ICSFS) as Best Islamic Banking & Finance Technology Provider as part of its Islamic Finance Awards. The Islamic banking sector has been growing rapidly in recent times and it is certainly an area of the market that ICSFS has been supporting through its Shari’a compliant solutions.

OutSystems, the global leader in low-code application development, announced that Kara Wilson, strategic advisor for KKR within the technology practice, has joined its board of directors. This announcement comes at a time when global crisis is pushing digital transformation to the forefront for every company, with worldwide digital transformation technology investments expected to total more than $7.4 trillion* over the next four years.

The new lab, launched in partnership with the Government of Israel following a competitive tender held by the Israel Innovation Authority, will collaborate with start-ups to test and develop solutions in fintech and cybersecurity

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.