In response to new regulations on ‘Open Banking’, Edinburgh-based iDelta has launched an app to help bricks-and-mortar banks combat the rapid rise of online challengers such as Revolut and Monzo.

Open Banking, which is the UK’s implementation of the European Directive PSD2, requires the UK’s 300 banks and 45 building societies to release customer data to authorised third parties on the say-so of customers. As a result, customers can access their bank accounts using third party products, making it easier to view and manage their finances across multiple accounts in one place.

Standard Chartered Bank has joined TradeLens, a blockchain-enabled digital container logistics platform, jointly developed by A.P.

Edinburgh-based Zortrex, a disruptive data security start-up, has launched Zortrex Token Vault. Designed to help organisations reduce the cost and complexity of protecting against data breaches, ensure customer privacy and compliance with ever-changing regulatory requirements, Zortrex Token Vault is a scalable and secure platform that tokenises messages in-line, removing and storing sensitive data such as credit/debit card information at the boundaries of an organisation.

Path Solutions, a global Islamic software provider, today announced it has achieved the Microsoft Gold Partner Competency for Data Analytics, demonstrating a best-in-class ability and commitment to meet Microsoft customers’ evolving needs in today’s mobile-first, cloud-first world, and distinguishing itself within the Microsoft partner ecosystem.

nexo standards, the international association dedicated to enabling global interoperability in payment acceptance, today welcomes Saudi Payments as its latest Principal Member and the first in the association’s history from the Kingdom of Saudi Arabia.

Last month, FIME attended Banking Frontiers’ Finnoviti & Technoviti 2020 in India. This year’s theme ‘Experience Everywhere’ reflected the growing emphasis put on the user-experience in today’s evolving payments ecosystem.

TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, and SoftSolutions, the developer of high-performance mission-critical platforms, have announced a partnership to provide clients with connectivity and workflow solutions for Interest Rate Swaps.

Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region, and China’s UnionPay International have successfully executed their first pilot QR code -based payment transaction at a merchant outlet in the UAE.

70 per cent of business executives say security concerns have restricted their organisation’s adoption of public cloud. This is according to a new report titled Future Shock: The Cloud Is the New Network, commissioned by Barracuda Networks, the trusted partner and leading provider of cloud-enabled security solutions.