Fenergo, a leading provider of Client Lifecycle Management (CLM) solutions for financial institutions announced its entry into the Taiwanese market through a partnership with TUNG-I Information Services (TUNG-I), a Taiwanese provider of solutions powered by artificial intelligence (AI) in finance, information security, private cloud implementation and smart retail.

Financial institutions (FIs) should act now to determine the impact of the Internet of Things (IoT) or risk losing their competitive edge, according to a new report published today from the IoT Expert Group at Mobey Forum, the global industry association empowering banks and other financial institutions to shape the future of digital financial services.  

The Global Legal Entity Identifier Foundation (GLEIF) has today pioneered the inclusion of a Legal Entity Identifier (LEI)* within digital, machine-readable financial documentation. In partnership with XBRL International, GLEIF has published its 2018 annual report in human and machine-readable Inline XBRL and HTML format, with GLEIF’s LEI embedded into the financial information for the first time.

VERMEG, the banking and insurance software solutions leader, today announced that a leading Dutch bank has signed up for its AgileREPORTER solution to assist with its regulatory reporting to the Monetary Authority of Singapore (MAS).  

VERMEG has expanded significantly in Singapore with its regulatory reporting and compliance solution AgileREPORTER, due to high demand in the region. This has been mainly driven by sweeping regulatory reforms by the MAS such as the new MAS 610 report.

Financial Institutions and banks, in West Africa, driven by innovation, are harnessing region’s widespread mobile-phone coverage to create low-price offerings and innovative distribution models and are tapping the intrinsic opportunities that lie within these challenges the West African digital banking revenue growth could accelerate significantly over the coming years.

Omnio Group, a leading global fintech formed from the merger of Payment Cloud Technologies and Tuxedo Money Solutions, has been granted principal membership by Visa.

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies and a Gold level member of the Oracle Partner Network (OPN), has announced it has achieved an Oracle Validated Integration with Oracle Hospitality OPERA, the property management system for hospitality businesses. The integration utilises the Oracle Payment Interface (OPI) and enables hotels across the world to benefit from Adyen’s payments platform without the need for a complex integration project.

The banking industry has made huge strides to drive innovation by investing in new technologies over the last few decades. Commercial banks first adopted telephone banking, then came internet banking and now, for most customers, all your financial services needs can be met via an app. Now, as we enter the conversational era enabled by cognitive AI, customer expectations have evolved once again.

SteelEye, the compliance technology and data analytics platform, was awarded Best Trade Reconstruction Solution for Best Execution at yesterday’s TradingTech Insight Awards – North America 2019. Celebrating excellence, the TradingTech Insight Awards recognise outstanding performance by Data Management, Trading Technology and RegTech vendors in the financial services industry.

Citi announced today the launch of the Citi Middle East and North Africa (MENA) Fintech Challenge. The Citi MENA Fintech Challenge offers the region’s Fintech community the opportunity to put their ideas into practice and come up with innovative solutions around four identified problem statements:

·         Digitizing Cash Collections

·         Assured Payments

·         B2B2C Enablement

·         Digitizing Trade Processes