Saxo Payments Banking Circle, the ground-breaking financial utility, has once again been recognised for its high level of innovation on behalf of the financial services (FS) industry.  Banking Circle Virtual IBAN has been shortlisted for two FSTech Awards: ‘Financial Sector Innovation of the Year’ and ‘Most Innovative Product of the Year’.  This adds to the two nominations in the 2018 Card and Payments Awards.

Baker Hill, a leading provider of technology solutions for commercial loan origination, risk management, relationship management and smart data analytics, has expanded its partnership with Marquette Bank and will implement several Baker Hill NextGen™ solutions.

For its exceptional work, Arab African International Bank (AAIB) has been awarded the accolades of Best Banking Group and Most Sustainable Bank in Egypt, 2017, by World Finance magazine.

When AAIB was established in 1964, it became Egypt's first Arab multinational bank. Today, it's the country's fastest growing bank in terms of both size and profitability.

Mambu today announced it has signed a deal with Kreditech, the leading technology group for digital consumer lending using machine-learning based underwriting, to support the online lender’s entry into the Indian market. Kreditech currently operates in Europe and Latin America and will expand into India in early 2018, together with its partner PayU, a global online payments provider and Mambu client in Latin America. Mambu’s SaaS banking engine will empower Kreditech to launch a short-term lending product specifically tailored to local consumer and regulatory needs.

Data is power. It’s a prime commodity for businesses, which in turn means it is constantly under threat. Just try and think back to a week where a data breach or cyber attacks did not hit the headlines, and you’ll struggle. Not only are these threats a growing problem for any organisation, but the issue becomes more paramount when combined with upcoming changes in compliance. The surge of data created by the digital age has called for a change in how organisations store and handle it.

‘Mobile payments’ is a broad term. As the ecosystem has developed, various new technologies have emerged to change the way we act and transact in-store.

Integrating new with the old

Some mobile payment technologies are focused on seamlessly connecting the mobile device to the existing payments infrastructure.

SAS is delighted to announce that it has been selected as an official technology partner by the Sahara Force India F1 team.  SAS will work closely with the team to maximise the performance and reliability of their network and infrastructure using its advanced monitoring technology. SAS will monitor the Wide Area Network (WAN), LAN, servers and applications at all Sahara Force India F1 team locations, and the team will work to optimise performance, troubleshoot issues and gain insight into trends.

It’s no secret that businesses have been trying to figure out how artificial intelligence (AI) and machine learning fit into the workplace. There have been many theories as to what these new technologies are capable of. These unknowns have made it difficult for businesses to determine how best to incorporate these and other emerging technologies into their overall IT strategies.

Synechron, a global financial services consulting and technology services provider, has today revealed the top trends it expects to see in financial services technology in 2018. These priorities touch on six key themes - Innovation, User Experience (UX) Design, Risk, Regulatory Technology (RegTech), Data, and the Cloud - that cut horizontally across the business and therefore are driving enterprise financial services decision-making. 

The commercial payments market is in flux. New fintech players are making their mark. Disruptive technologies are emerging. All this presents a challenge to the larger commercial banks. They need to do much more than just build technology solutions. They need to think about how they can actively use these solutions to address changes in the market.