Provenir  announces that Bigbank has chosen the Provenir solution to overhaul its processing of credit and loans.

Estonian-owned Bigbank provides term deposits and consumer loans. It operates in the Baltics, Nordics, Germany, the Netherlands, Austria and Spain and is subject to a range of evolving regulation. To remain compliant, and to stay competitive as market conditions and customer expectations change, Bigbank makes updates to risk models and policies, which can take up to four weeks. Changes will be simpler and quicker with Provenir as they won’t require IT development.

FIME’s Greenlight test tool has been qualified by technical body EMVCo to deliver Level 1 mobile performance testing. The fully automated tool measures the payment transaction time between a smartphone and acceptance terminal. The tool is available to purchase for in-house testing and is used by FIME’s laboratories.

A new study from Juniper Research has found that the global value of mobile and wearable contactless payments is expected to reach $95 billion annually by 2018, up from less than $35 billion last year.
 

Teleena announced that Kim Bybjerg, one of the pioneers of the Internet of Things in Europe, will join its Board of Non-Executive Directors.

OTAS Technologies  releases Lingo for Microstructure, an extension of its existing Lingo natural language reporting technology. OTAS Lingo for Microstructure produces intra-day reports containing up-to-date analysis of all the standout and unusual activity in stocks. The on demand market reports include the latest developments in markets and portfolios allowing users to be kept up-to-date with market activity and make more informed risk management decisions.

A new whitepaper from GreySpark Partners, a leading global capital markets consulting firm, explores how a new generation of technology vendor drop copy data management systems are emerging in 2016. Compared to the drop copy systems built in-house by trading firms for internal and client reporting trade reconciliation and risk management purposes, the new generation of drop copy data management systems are specifically designed to assist buyside and sellside trading firms expand the ways in which they can use drop copy data for regulatory reporting purposes.

Post their successful launch at Money 20/20 in Copenhagen this week, mobile payments innovator Auka, has signed an agreement with the world leader in electronic identity assurance, Signicat.

Pragma Securities, a leading provider of high performance algorithmic trading tools, has launched Pragma SmartFix, a new execution algorithm designed to improve average execution performance against the daily 4pm WM/Reuters foreign exchange benchmark fixing. 

Fidessa announced that Huatai Financial Holdings Limited implemented Fidessa’s centralised order management and execution system as its Asian trading platform to support the expansion of HTSC’s equities business across the Shanghai-Hong Kong Stock Connect markets.

The Department of Justice announced that the United States has settled civil mortgage fraud claims against Wells Fargo Bank, N.A.