The SmartStream Reference Data Utility (RDU), the reference data specialists, today announced the launch of a cloud-based security reference data service to simplify and enable firms to meet the European Union’s Securities Financing Transactions Regulation (SFTR) requirements.

A new independent survey by research firm Ovum on behalf of global analytic software firm FICO has found that most banks plan to integrate their fraud and financial crime compliance systems and activities, in response to new criminal threats and punishing fines.  Responses show that UK banks are more advanced in their progress and ambitions than most countries surveyed.

Temenos (SIX: TEMN), the banking software company, today announced that it has published the European results for its retail banking survey, conducted by the Economist Intelligence Unit (EIU), “A Whole New World: How technology is driving the evolution of intelligent banking in Europe”.

Volante Technologies Inc., a global provider of technology and software as a service to accelerate digital transformation and payments modernization, today announced the launch of free RTP / instant payments processing on the cloud as a service. 

The capability to offer RTP is rapidly becoming the norm for large banks and an emerging necessity for smaller and mid-sized banks. Traditional implementation models, with their high costs and long project times, are also not suited to real-time payments. 

ECOMMPAY, a leading international online payment service provider and direct card acquirer, has partnered with online payments company Trustly to expand its online payment offering and strengthen its position in the European market.

Online banking payments are a popular way to pay in Europe, especially in the Baltics and the Nordics. The new partnership will allow consumers who shop with ECOMMPAY’s merchants to make safe online transactions directly from their bank account.

The Competition and Market Authority (CMA) has recently instructed two British high-street banks to appoint an independent body to audit their Payment Protection Insurance (PPI), after sending out reminders containing incorrect information to thousands of customers. They have also been ordered to put in place internal procedures to ensure similar breaches don’t occur again.

A brief summary of the app

Amaiz is a UK-based fintech enterprise offering a business current account for a largely-ignored but fast-growing segment of the population - entrepreneurs and sole traders. With a team of accountants, self-assessment-ready card expenses categorisation, cash flow charts, instant notifications, and in-app invoicing you’ve got everything covered in one app which serves as a one-stop-shop for all things business banking.

Scalable automated solution Sumsub provides trading market giant Exness with a unified gate to general AML/KYC due diligence, and regulatory compliance, slashing costs in half. 

When it comes to new payments technologies, it’s often difficult to know what consumers are thinking, and banks have a lot on their plates. When introducing new solutions and services, aligning a bank’s transformation strategy with the desires of consumers is an interesting chart to plot. Following our consumer research, we recently set out to understand how the opinions of banks compared - including understanding the importance placed on biometrics and why.