There have been huge levels of transformation in almost all industries when it comes to serving and monetising customers, yet UK banks and other financial services organisations have hardly changed their business models at all in the past decade. Unsurprisingly, the industry is now facing a growth challenge.

Star, the global technology consulting firm that connects strategy, design and engineering to help companies accelerate their growth and value, has launched a partner-agnostic middleware solution to help businesses fast-track the development of expense management, neo-bank, digital wallets, Buy Now Pay Later (BNPL), smart lending and other card-based services. 

As banks continue to grapple with the account-based payments processing model amid seemingly interminable margin pressures, the wider commercial implications of software developer capacity limitations are coming into much sharper focus.

In response, banks are starting to think differently about the payments value chain and re-assess their approaches towards software development. Increasingly, this includes exploring the use of low code tools and platforms for payments processing.

Nexi,

Finastra, a global provider of financial software applications and marketplaces, exhibited at Sibos last week, where industry experts shared valuable insights about trends in financial services. In particular, the future of trade was discussed extensively, as the industry prepares to embrace a new era of truly digital trade.

Perenna, a new bank with a mission to structurally change the UK mortgage market, has secured a further $52 million equity investment that will see the business roll-out its long-term fixed-rate mortgage products. The latest funding round is another significant milestone in the business’ launch following the recent approval of its UK banking licence.

Banks must harness disruptive technologies and create their own or actively participate in digital ecosystems to remain at the heart of the banking universe, according to a global Economist Impact study, commissioned by Temenos, which surveyed 300 banks across the globe.

NCR Corporation, a leading enterprise technology provider, today announced that it has ranked #5 on the 

IDnow, a leading identity proofing platform provider in Europe, has received the accreditation on the levels medium and high for the UK’s Digital Identity and Attributes Trust Framework (DIATF) for its fully automated, AI-based solution IDCheck.io. Valid for two years, IDnow received this badge from government-accredited Digital Identity Systems Certification.