Bank of Khyber (“BoK”) which is a leading bank in Khyber Pakhtunkhwa, Pakistan, with 175 branches, successfully went live with Temenos Transact the next generation core banking, Temenos Infinity digital banking platform, Financial Crime Mitigation and Analytics. The implementation was carried out by Temenos’ Middle East implementation partner based in Pakistan, National Data Consultant (“NdcTech”). 

Plenitude, the niche consultancy firm specialising in Financial Crime Risk and Compliance, has appointed Shahmeem Purdasy as Senior Executive and General Counsel. In his new role, Shahmeem will provide strategic advice and transformation expertise to enable Plenitude’s clients to meet the challenges posed by the evolving Financial Crime Compliance (FCC) landscape, alongside supporting the execution of Plenitude’s growth plans. 

Italian bank BNL, part of the international group BNP Paribas, has launched a multi-banking service with leading open banking platform Tink. This forms part of a wider strategic European partnership between BNP Paribas and Tink, announced at the beginning of 2020.

The first few days of 2021 have confirmed what I’ve long suspected; consumers are demanding greater flexibility, accessibility and control over their finances than is offered by banks and the current global financial model. Since the turn of the year, Bitcoin has hit two record highs whilst gold has also enjoyed a boost, albeit one that is more restrained. I’m in no doubt this is driven in part by increased consumer appetite for alternatives to traditional currencies.

The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today identified key priorities where financial market infrastructures (FMIs) should focus in the coming years to proactively and effectively manage risk in a post-pandemic environment. 

Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance, payments and digital account opening, announced today the addition of Mark Dumolien as the company’s new Vice President, Product Management. In this role, Dumolien will lead the strategic planning and product management for Foreign Exchange (FX), Derivatives and International Banking.

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced the appointment of Raj Paranandi as Chief Operating Officer, EMEA & APAC. The appointment is effective March 1^st, 2021. 

Visma | Onguard, the fintech company dedicated to the order-to-cash process, today announces the acquisition of Dutch scale-up, Outstanding24, taking over all activities and employees. With Outstanding24, Visma | Onguard adds an innovative cloud solution for efficiently organising debtor management for SMEs to its portfolio. This news sees the recently rebranded Visma | Onguard strengthening its position in the market whilst enabling Outstanding24 to realise its growth ambition.

Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced that South African bank Absa Group has gone live with the latest version of its back-office trade finance solution IMEX®  in 10 countries across the continent as part of their ongoing digitisation initiatives.

Revolut has announced the launch of Confirmation of Payee for its more than three million UK retail customers. This latest feature forms part of Pay.UK’s anti-fraud initiative and further bolsters Revolut’s already award-winning anti-fraud features.