Gemalto supplied Hellenic Bank, a major Cypriot financial institution, with its Optelio contactless EMV Payment wristbands. These water-resistant NFC wristbands that are marketed as PayBand to Cyprus consumers will ensure that Hellenic Bank customers no longer have to worry about carrying cash or cards, even when they head to the beach or pool this summer. 

Swedish FinTech company Trustly announced today a partnership with Nordnet Bank, the investment and savings house listed on NASDAQ OMX with 523,200 active customers across Sweden, Norway, Denmark and Finland. Leveraging Trustly’s unique European instant payments platform, the partnership revolutionizes the way Nordnet activates its customers, allowing them to start investing and saving in just seconds after signing up for a Nordnet account.

 Icon Solutions, the independent IT payment consultancy and specialist technology provider, has today announced two strategic hires to bolster its unprecedented growth, and support the expansion and development of its Global Payments Practice. Rob Hewitt joins as Senior Payments Consultant and Christopher Kong joins as Payment Consultant.

Much like robo advisors have done in the area of wealth management, passive asset management and the products associated with it are gaining in popularity among investors, putting further pressure on active managers to beat the market and generate coveted alpha. $1.06 trillion departed active U.S.