Big tech's long march on financial services continues, with Google partnering Citi and a small Stanford University-affiliated credit union to launch a checking account.

CIMB Bank Berhad, Singapore branch ("CIMB") today announced its collaboration with SESAMi Holding and Capital Match, to finance the SESAMi trading community's invoices digitally under an automated workflow.  

The success of open banking will ultimately depend on the difference it makes to customers. It’s one thing for people to be able to see all of their various account balances in one place. But if the process for moving money or managing payments remains largely unchanged, is this really much more than a gimmick? It will take something more to influence customer loyalty.

Small players within the wealth management sector can now compete with and challenge big firms, thanks to the launch of Wealthinity.

Created to empower financial advisors, wealth managers and private banks, Wealthinity enables small to medium firms to offer customized investment solutions, service their clients faster and drive business growth, without any additional costs.

Standard Chartered has partnered with Quantexa, the contextual decision intelligence software company, to amplify its anti-financial crime efforts globally.

Workday, Inc., a leader in enterprise cloud applications for finance and human resources, today announced continued momentum across EMEA with large and medium enterprises choosing Workday Financial Management. 

 Juvo, a pioneer of financial identities for the underbanked, has today announced a strategic partnership with DOCOMO Digital, the preeminent mobile commerce enabler. The partnership will focus on combining Juvo’s financial identity and credit lending capabilities with DOCOMO Digital’s class-leading payments platform for mobile carriers, OTTs and digital merchants. This partnership would enable increased financial flexibility for prepaid mobile users, especially in the emerging markets, as consumption of digital services and OTT content continues to rise. 

Three quarters of people with a below-average income for their country report feeling prosperous; Six in ten people across high-growth markets say access to financial services has helped improve their prosperity; Three quarters think their government has a responsibility to improve access to financial services.

A landmark study into the relationship between financial services and prosperity across high-growth markets around the world has revealed that people’s definition of prosperity is more linked to financial security and peace of mind than to current income and wealth.

Wolters Kluwer’s Compliance Solutions business has named Woodforest National Bank, headquartered in The Woodlands, Texas, and Washington Financial Bank, based in Washington County, Penn., as winners of its 2019 Community Impact Award. The award honors financial institutions for the breadth and innovative application of community development programs to benefit low-

MYPINPAD, the global leader in secure personal authentication for payment solutions, has developed a software-only based contactless payment solution, designed to remove the need for additional mPOS hardware.