OT (Oberthur Technologies), a leading global provider of embedded security software products and services, and an award-winning innovator in the payment sector, announced today its selection by Abanca to onboard Samsung Pay in Europe and enable its customers in Spain to use their Samsung Galaxy S7, S7 edge, S6, S6 edge, S6 edge+ and the 2016 model of Galaxy A5 smartphones for mobile payments by this year.

OT is now on-boarding Abanca to Samsung Pay and provides the end-to-end solution for its roll-out including:

ACI Worldwide, a leading global provider of real-time electronic payment solutions, will unveil the next generation of eCommerce payments today at the eCommerce Disruption Opportunity executive summit. UP eCommerce Payments empowers merchants and the payment service providers (PSPs) that serve them to capitalise on the $2.2 trillion global eCommerce opportunity by embracing payments innovation.

Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management today announces the availability of its solution to help banks comply with the Basel Committee’s regulatory requirement for Counterparty Credit Risk (SA-CCR) Capital ahead of the January 2017 implementation deadline.

Markit, a leading global provider of financial information services today announced a partnership with BitSight Technologies, the standard in Security Ratings, to enhance its Know Your Third Party (KY3P) platform. The integration of BitSight data will enable organisations such as banks and buyside firms to access daily security ratings, review industry benchmarks and take action to remediate security vulnerabilities.

As banking organisations, financial services providers and brands predict and plan for the way consumers will manage their money in the future, artificial intelligence (AI) is high on the business development strategy for 2016 and beyond. 

On May 25^th, DBS, POSB, OCBC, UOB and SCB launched Apple Pay in Singapore and Visa customers can now use their payment credentials anywhere Visa payWave is enabled. This launch has many implications for the future of payments. Over the next five years, there is no doubt that the financial industry will continue to re-invent itself, and perhaps, at a much faster pace.