It is estimated that between 2% and 5% of global GDP is laundered each year at a value of up to €1.68 trillion. It’s therefore not surprising that anti-money laundering (AML) rules are continually evolving, with businesses facing lengthy penalties or even criminal charges if they get them wrong.

• The latest launch is a further development on its partnership with Decision Tech following the successful rollout of its energy switching service
• The widening of Zopa’s marketplace offering shows its commitment to helping people get the most out of their money
• On average, people could save £276* by switching internet providers

Against the backdrop of a very difficult year for all, Path Solutions has been honored with the ‘Best Islamic Technology Provider’ award at the Triple A Islamic Finance Awards 2021 organized by The Asset Publishing and Research Ltd.

Celent recognizes standout capabilities with awards for breadth of functionality, customer base and support

 Finastra has been named a leader in corporate digital banking platforms by Celent. Two reports, which cover North America and the rest of the world, recognize Finastra’s standout capabilities in this sector.

Financial providers and banks now benefit from an end-to-end digital transformation solution 

Today, Ohpen and Yellowtail announce they have entered-into a long-term strategic partnership. Banks and financial providers across the Netherlands and Benelux region can now utilize Ohpen's modern digital retail banking platform combined with Yellowtail's smart data-driven front-end platform to give their customers innovative and personalized banking experiences. 

Ixaris becomes a Nium business unit and will enable companies in the travel, media, marketing, and insurance sectors optimise billions of dollars in outbound payments  

Haitong International, one of China’s leading financial institutions in Hong Kong, has chosen the Avaloq Wealth platform, which offers a state-of-the-art client experience based on real-time intelligence, helping wealth managers to provide highly personalized investment advice.

Prelim, a fintech provider optimizing digital banking experiences for financial institutions, has announced a proprietary framework technology that allows banks and credit unions to connect with any technology company, including core providers, through a single line of code.

Bloomberg announced today that HDFC Bank, India’s largest private sector bank, has adopted Bloomberg’s Multi-Asset Risk System (MARS) in its technology stack, as it prepares for the transition to risk-free rates (RFR).

Is the US market starting to look down more than up?

In my comments of last week, I highlighted the loss of momentum we were seeing, and still the risk of a knee-jerk bullish reaction to Jackson Hole. With a Monday momentum follow through to the upside also being likely.

Well, again, I do need to apologise, I was too early on the peak. However, we are now again staring into an abyss as the bulls begin to fade rather quickly.