Fiserv  announced a partnership that will bring the industry-leading commercial lending capabilities of Automated Financial Systems, Inc. (AFS) to Fiserv bank core account processing clients. The integration of AFSVision^® with account processing platforms from Fiserv will enable clients to efficiently expand their lending services to support complex commercial lending demands.

The week starting April 25 through April 29 was full of interesting product releases in the sphere of blockchain and trading systems. The most significant events include Misys’ Cloud solutions as well as Nasdaq Validator launching for trading quality assurance. Financial IT summarized the top deals in fintech industry for this week below:   

PRODUCT RELEASES OF THE WEEK  

In today’s global economy, the information shared across various entities and industries have to be 100% accurate secure and transparent. This requires a robust, secure data transmission through a defect free network.

Path Solutions, a global provider of Sharia-compliant financial software and services, today announced that Siraj Finance PJSC, a leading Islamic finance company based in Abu Dhabi, UAE has signed a new agreement for the implementation of iMAL that includes comprehensive Sharia-compliant financial applications.

Credits, a blockchain infrastructure provider is partnering with Skyscape Cloud Services Limited, to deliver Blockchain-as-a-Service to UK public sector organisations.

National Settlement Depository, Russia’s central securities depository, has successfully finished developing and testing an e-proxy voting system running on a distributed ledger (blockchain technology). The prototype is based on the NXT distributed cryptographic platform, and uses ISO 20022 international standard for messaging. NSD has been working on the project together with DSX Technologies. The project's open-source code is available on GitHub.

 According to SWIFT’s latest RMB tracker, the United Kingdom’s RMB payments value increased by 21% between March 2014 and March 2016, positioning the United Kingdom as the first offshore RMB clearing centre after Hong Kong. Singapore overtook the United Kingdom in February 2014, but the trend started to reverse as of January 2016. Hong Kong still remains the world’s largest offshore RMB centre, processing 72.5% of all RMB payments, followed by United Kingdom with a share of 6.3% and Singapore with 4.6%.