Open banking platform Tink is calling for National Competent Authorities (NCAs) - the national bodies responsible for overseeing PSD2 in EU member states - to be flexible around the implementation deadline for PSD2 in a bid to avoid a ‘cliff-edge’ scenario after the final deadline on 14 September.

Financial crime and compliance software firm TruNarrative has been appointed by cutting-edge banking app Tally®, to enhance the customer onboarding and identity verification processes.

Tally® is the first banking app to offer consumers an alternative physical asset currency for everyday spending – where one Tally® is one milligram of vaulted gold owned by the customer – through the Tally® platform and debit Mastercard®, like a regular bank account. Tally® is not a cryptocurrency.

Capacity officially introduced its secure, AI-native knowledge-sharing platform. Designed to meet the expectations of today’s workforce, Capacity is a cloud-based system built on AI that captures, mines, and connects organizational knowledge to maximize employee productivity. The company also announced that it raised $13.2 million in Series B funding from a Midwest network of private and angel investors to help support company growth and scale its technology.

Ivalua, a global leader in spend management, today announced that Pascal Bensoussan has joined its Executive team as Chief Product Officer. In this newly created role, Bensoussan will focus on leading the overall vision, strategy, roadmap, and go-to-market plans for Ivalua’s cloud-based platform.

Standard Chartered Bank and SAP Ariba today announced a strategic collaboration to make the Bank’s financial supply chain solutions easily accessible to businesses in the Asia Pacific region through Ariba Network, the world’s largest digital business network connecting more than 4.2 million companies in 190 countries.

Back in 1958, the average lifespan for a company stood at 61 years. But today, things couldn’t be more different.

Blockchain is a distributed ledger technology (DLT), a database of transactions that has been agreed to be shared across multiple websites, institutions and countries. This sharing of information creates a series of ‘witnesses’, each with an updated copy of the ledger.

Blockchain, the leading provider of cryptocurrency products and creator of the most popular cryptocurrency wallet, has partnered with the Polkadot Network to accelerate the adoption and decentralization of Polkadot tokens (“DOTs”) as it aims to solve the challenges of cross-blockchain interoperability.

When the integration is complete, Blockchain’s 41M Wallets will be able to store, send, and receive DOTs, while contributing to the network’s governance by voting on questions like proposed amendments to the network protocol and council members.

At the moment, the US Treasury yield curve sits in the focus of investors. The reason the curve receives such attention lies in its slope, which is as flat as it was way back in 2007. To grant investors the opportunity to benefit from a potential steepening of the US Treasury yield curve, French Asset Manager Ossiam issued its Ossiam US Steepener UCITS ETF on August 19th at Deutsche Börse Xetra, tracking the Solactive US Treasury Yield Curve Steepener 2-5 vs 10-30 Index.

Banks and financial institutions are responsible for customer’s money and sensitive financial information and are held to a higher standard for security. Data breaches can have severe consequences and cost a bank much more than just stolen information or funds. A cyberattack can significantly damage a company’s reputation, tarnishing its image for years and costing it customers over time. A successful data breach also diverts time and resources from a bank’s usual operations to fixing the problem.