It’s true that banks are having to do more with less budget. Recent headlines have demonstrated we’re currently operating in an increasing cost pressured environment. The solution for some banks has been to cut costs through staff reductions – but is this always the right answer?

Open banking platform Tink and BNP Paribas today announce an extension of their partnership in Europe. In addition to Tink’s existing partnership with BNP Paribas Fortis — the retail network of BNP Paribas in Belgium — Tink is now also entering a partnership with the Italian retail network of BNP Paribas, Banca Nazionale del Lavoro (BNL). As part of the partnership, BNL will start implementing Tink’s solutions for account aggregation, payment initiation and personal finance management. 

NYMBUS, a provider of the world’s most advanced financial services platform, today announced 

WorldRemit has announced a partnership with Alipay, the world's leading payment and lifestyle platform, enabling consumers to use the WorldRemit app or website for cross-border remittances to the Alipay app, bringing more convenient and inclusive transfer services to users around the world.

 “Our vision is to build a mobile-first, international payments service and we’re excited to work with Alipay as a partner,” said Tamer El-Emary, Chief Commercial Officer, WorldRemit. “The partnership will focus on innovation, customer experience and speed to market.”

Revolut, the global financial platform with over ten million customers in the UK and Europe, has today entered the UK savings market, in partnership with Flagstone, offering an easy-access savings account with a limited market-leading interest rate of 1.35% AER. 

The new Savings Vault, which is FSCS protected up to £85,000 through Paragon Bank, is an addition to Revolut’s popular Vaults feature. 

RS2 Group, a global payments processing and technology provider, announced the closing of its acquisition of KALICOM Liebers Zahlungssysteme KG, one of the most successful commercial network operators for electronic, card-based payment systems in Germany. 

The acquisition follows the groups announcement to enter the merchant direct acquiring business and represents along with the earlier announced foundation of RS2 Financial Services GmbH.

Wirecard, the global innovation leader for digital financial technology and UZE Mobility, open innovation platform for e-mobility services, have entered into a strategic partnership.

Allevo, with the support of a grant from Iceland, Liechtenstein and Norway through the EEA and Norwegian Financial Mechanisms 2014-2021, in the frame of the Programme “SMEs Growth Romania”, kicked-off Thursday, 23 January 2020, the Whizzer project, as per the 2018/115906 contract.

Geneva-based Banque Cramer & Cie SA has selected Avaloq’s Business Process as a Service (BPaaS) solution for a further 10-year term to support the institution’s future growth ambitions. Avaloq, a long-term technology partner for the institution since 2011, was awarded the contract after a competitive tender process. The win underscores Avaloq’s commitment to serving, and growing its market share among, the Geneva-based private banking community.

The issue of data protection and privacy was, until recently, a conversation confined to a specific group of people within an organisation. Unless you were an IT consultant or a corporate lawyer, privacy compliance was something somebody else took care of. So, how have we reached the point where many organizations are bound by law to employ a Data Protection Officer (DPO)? Why are CEOs now so interested in their company’s data protection and privacy policies?