Today, EQ Bank, the digital arm of Canada's Challenger Bank™ Equitable Bank (TSX: EQB and EQB.PR.C), announced it has moved its entire core banking system to the cloud, making it the first bank in Canada to be fully hosted in state-of-the-art public cloud architecture.

Konsentus has launched an analysis tracker to monitor the progress of Open Banking across the European Economic Area.

November analysis shows that since the implementation of the PSD2 Regulatory Technical Specification for Strong Customer Authentication and Common Secure Communications, growth of Third-Party Providers across the EEA has steadily increased.

ONPEX, a leading provider of multi-currency IBAN accounts, has appointed professionally-qualified banking expert, Murray Sims, as CEO of its Luxembourg operations. The appointment represents a further step in strengthening ONPEX’ management team to facilitate the company’s future business strategy.

As the world moves towards a more global way of doing business, banks and financial institutions need the capability to move money around efficiently, transparently and in a cost effective manner and in doing so, ensuring that liquidity doesn’t get locked away. Cross-border payments however have historically been the opposite of this - with single payments costing upwards of $40 per transaction and taking five to seven days to settle. To meet the needs of today, payments need to be instant and much cheaper.

The benefits of SWIFT gpi

Customer centricity has always been at the heart of travel businesses. But it is essential that businesses keep pace with both technological advancements and the evolving consumer demand as innovation in the sector is rapidly transforming the customer experience.

However, one element of the customer experience that is often overlooked by travel businesses is payments. Previously, payments have been perceived as a functional necessity; however, they can play a vital role in meeting customer demands.

Levelling the playing field for retail and institutional investors is a step in the right direction, but it’s too little, too late in terms of engendering real change. Investing in new interface technology without addressing fundamental issues with the stock exchange model is really just putting lipstick on a pig. The London Stock Exchange is still utilising the same antiquated legacy environment, and the investment model is still reliant on intermediaries – Primarybid is just another neo broker – so it’s not actually widening access to IPOs.

Mumbai-based Pareto Capital, which is in the business of Investment Banking, Investor Relations advisory and Asset Management, have ventured into PMS business by acquiring equity stake in Crescita Investment Management Private Limited. Crescita Investment Management, founded in 2016 by an industry veteran Vijay Sarda, is a PMS firm that offers Portfolio Management Service, Investment Advisory Services to High Net Worth individuals (HNIs), Ultra HNIs, Family offices and institutions. 

Capitolis, a 'next generation' provider of capital markets technology founded by Gil Mandelzis, ex-Traiana, and Icap, Tom Glocer, ex-CEO of Thomson Reuters, and Igor Teleshevksy, formerly Traiana, has raised $40 million in financing from Spark Capital and SVB Capital.

PayPal has agreed its largest ever acquisition - a $4 billion deal to buy Honey Science Corporation, the firm behind a browser extension and app that helps people find online shopping rewards and deals.

Switzerland's Cornèrcard has teamed up with Gemalto and Visa to launch the country's first credit card featuring a biometric fingerprint reader.