After a series of high-profile attacks against its members in 2016, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) established a Customer Security Controls Framework that includes a set of 16 mandatory controls. SWIFT requires self-attestations to be completed by the end of 2017. These will be made available to SWIFT counterparties in support of the transparent exchange of security status information.

iwoca, Europe’s most innovative small business lender, has been announced a winner of the Open Up Challenge by innovation foundation, Nesta’s Challenge Prize Centre. iwoca is among ten companies that will each receive an award of £100,000 to develop innovative finance solutions based on Open Banking. 

iwoca was chosen as an Open Up Challenge winner, from an initial 150 applicants, by an independent panel of judges for developing products assessed as most likely to have a positive impact on UK small businesses in 2018 and beyond.

Temenos, the software specialist for banking and finance, today announces that the Philippine Resources Savings Banking Corporation (PR Savings Bank), the fifth largest independent thrift bank in the Philippines, has signed for Temenos T24 Core Banking and Analytics. PR Savings Bank is expanding its business lines from loans into deposits. The bank chose Temenos as the platform to support its growth and enable it to quickly bring new and personalized products and services to market, driven by data.

Percona, the company that delivers enterprise-class MySQL®, MongoDB® and other open source database solutions and services, announced collaboration with Amazon Web Services (AWS) to serve as an AWS Standard Tier Consulting Partner and Amazon Aurora Service Delivery Partner in the AWS Partner Network (APN).

Mobey Forum has today published a new report exploring the available methods to effectively enable both robust risk management and a frictionless customer journey within the m-commerce environment. Entitled ‘Authentication in M-commerce: Balancing Risk and Experience’, the report also provides an industry view on the criteria for applying strong customer authentication (SCA), and analyses potential challenges posed by legislation such as PSD2.

Micro Focus (LSE: MCRO; NYSE: MFGP) today announced Digital Safe 10 to enable customers to mitigate information-borne risk stemming from the surge in regulatory, government and privacy mandates, including the General Data Protection Regulation (GDPR).

Path Solutions, the global provider of software solutions and services for Islamic banks and financial institutions, announces that Alrajih Islamic Bank for Investment and Financing (“Alrajih Islamic Bank”) has selected the multi-award winning Islamic core banking system iMAL ahead of ICS Financial Systems’ ICS BANKS ISLAMIC, to engage in banking activities in accordance with the provisions of Islamic law.

Nordea has joined the we.trade consortium as founding partner. The consortium is, in conjunction with IBM, developing a platform based on distributed ledger technology (DLT) that aims at making domestic and cross-border commerce easier, safer and more efficient for companies. It is the first such blockchain-based trade finance platform, marking a milestone in the practical adoption of DLT in the financial industry. 

Thomson Reuters is partnering with the Hong Kong Applied Science and Technology Research Institute (ASTRI) to help accelerate the development of FinTech innovation by bringing technology, tools and content to the Innovation Hub launched jointly by ASTRI and the Hong Kong Monetary Authority (HKMA).

Alpha Bank’s digital wallet for everyday purchases, my Alpha wallet, is now enhanced with Tap ‘n Pay, the new and innovative service for contactless payments through mobile phone.