Research published today by RS2 examines the payment landscape across a number of global markets, and finds that proliferating payment channels and the expectations of consumers and merchants has made payment service processing increasingly complex. Payment fragmentation is now the “new normal”, giving consumers a great deal of choice, and merchants an ever-bigger challenge to deliver seamless services across channels.

With great organizational change comes great responsibility. Therefore, in order to create a sustainable growth, companies must learn strategies on how to manage the risks in restructuring. Such risks involve an impact on ROI that may occur when applying new changes to business practices. In the midst of restructuring, there is also a risk of siloed teams not being aligned with enterprise wide strategy.

Broadridge Financial Solutions, Inc. (NYSE:BR), an S&P 500 company and global Fintech leader with $4 billion in revenue, today announced the appointment of Julie Flack as General Manager of its Australia business, responsible for driving growth of Broadridge’s sell-side and buy-side businesses in Australia and New Zealand. Flack will directly manage all Broadridge associates in Australia and she will report to David Becker, Head of Asia Pacific.

Accenture (NYSE: ACN) has developed and tested two technology solutions that enable two or more blockchain enabled ecosystems to integrate, solving a critical challenge for broad adoption of blockchain technology.   
 

Accuity, the global provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, has announced a multi-year transformation programme to enhance its Bankers Almanac Risk & Compliance portfolio that will help banks conduct faster and more accurate risk assessments for financial counterparties.

According to the Accuity “2018 Payments Industry Report” released today, payments providers are more focused on streamlining and automating the validation of bank and payment information in order to reduce payment failures and create a more trusted and transparent experience. 

Artificial intelligence (AI) is everywhere and nowhere at the same time. This technology has quickly jumped from esoteric laboratory to full acceptance, but its long-term potential contributions to business are not obvious yet. AI may be the greatest story of our time, but the business benefits and the actions to take remain somewhat cloudy, whereas employees are still nervous about AI and how it may affect their jobs.

Trulioo, the leading global identity verification provider, today announced that it is now able to verify five billion people through its flagship electronic identity verification platform – GlobalGateway.

GlobalPlatform, the standard for secure digital services and devices, has conservatively calculated that more than 5.5 billion Secure Elements (SEs) deployed in 2017 were based on its specifications, an increase of over 1.5 billion from the previous year. Additionally, over the last three years, in excess of 1 billion SEs were embedded within mobile devices, 100% of which were based on GlobalPlatform technology.

Bank of America Merrill Lynch today announced enhancements to AutoFX, its automated currency conversion product for financial institutions. The new capability uses data analytics to make settlements faster, less expensive and more certain for the sending bank. AutoFX now also allows users to customize criteria for automated conversion.