VERMEG, a specialized software house covering three main market segments in financial services - Banking, Wealth and Asset Management and Insurance, announces a new software solution, ‘EASY Collateral by VERMEG’ to enable European Banks to be ready for connection and operation with the new ECMS, which launches in November 2023. 

SIA's technology infrastructure will process the transactions made using  the innovative FlexiGeld card issued by the leading consumer finance company for German savings banks 

The UK startup offering interest-free flexible payments for car repairs sets sights on Europe after ‘bumper’ year

Contract with Lithuanian merchant acquirer expands Sentinels’ customer footprint in the Baltic region

Sentinels, Europe’s leading intelligent transaction monitoring platform, has been selected by European merchant acquirer, PAYSTRAX uab, to enhance the anti-money laundering (AML) processes for its portfolio of European payment services and future-proof the business in line with the increasingly stringent regulatory environment in Lithuania.  

• Expense cards available to businesses in 37 countries including UK, Canada, Singapore, Japan, Australia, New Zealand and countries across Europe

• Wise Business further boosts account functionality with new ‘Preparer’ role for Business users

Baton Systems’ Core-FX distributed ledger technology powers historic settlement in major industry milestone

The world’s first interbank Payment vs Payment (PvP) settlement outside of CLS has been completed using Baton Systems’ Core-FX solution, built on Baton’s proprietary distributed ledger technology (DLT) and governed by the Baton Rulebook.

Women repay earlier and are even less likely than men to default, in the context of extremely low overall default rates, says Klarna.

Klarna, a leading global retail bank, payments and shopping service, today revealed new data which challenges popular misconceptions about the company’s consumers. 

In times of uncertainty, accompanied by heightened market volatility,  Leveraged and Inverse (L&I) products have been rising in popularity, as they can help investors to  efficiently achieve short-term portfolio reallocation. While leverage allows for positioning using substantially reduced levels of capital, inverse products can be excellent tools for tactical risk hedging and diversification. CSOP Asset Management now further strengthens its market-leading  position in Hong Kong, and licenses two Solactive indices in the realm of gold and oil. 

TIS INTEC Group, one of Japan’s leading IT services providers, has invested in Contour, the digital trade finance network. The investment follows TIS and its affiliates partnering with Contour in various Asian countries throughout 2021 to accelerate digitisation of trade finance in the region.

User adoption of biometric authentication has accelerated in recent years, yet some users are still cautious. Fime is exploring ways to innovate on biometric evaluation to help solution providers to launch reliable and high-performance products.