SWIFT announces that GlobalTrade Corporation (GTC), a leading provider of innovative multi-bank trade finance solutions, is the first trade finance technology provider to integrate Alliance Lite2 for Business Applications (L2BA) with its multi-bank trade finance platform for corporates.

Ancoa, providers of contextual surveillance and insightful analytics for exchanges, regulators, buy- and sell-side firms, have successfully closed their Series A funding round last week, bringing the total investment to £4.145m. Investors include Buysse & Partners, LRM Capital, SmartFin Capital, Velocity Capital and Ancoa’s management team as well as a number of high net worth individuals and family offices. All investors are strongly committed to FinTech sector investments through the variety of their individual portfolios.

The portal has been created with widespread support and input from the intermediary sector and represents the first phase of its mortgage switching initiative that will see further development throughout the year.

A market first, the user friendly Product Switching Portal gives brokers clear and instant information to help them share new and existing products with homeowners in a matter of minutes.

Digital banking goes much further than just using online technologies. It lets people decide how a bank can solve
their financial challenges. It means banks can start advising customers on their needs in a consistent way and on
the customersʼ terms.

As part of its initiative to modernize Canada's core national clearing and settlement framework and infrastructure, the CPA is creating a shared vision for the future of payments in Canada based on research, a global perspective, and industry views.

 The International Swaps and Derivatives Association, Inc. (ISDA) has launched a new industry data project, aimed at developing an open-source standard derivatives product identification system that can be applied consistently and comprehensively across all derivatives facilities, including trading venues, clearing houses, repositories and other infrastructures.

Azimo, the digital money transfer service, today announced the launch of its mobile airtime service. Through a strategic partnership with TransferTo, a leading provider of international airtime remittance, the new service will enable Azimo’s customers to instantly send airtime to pre-paid mobile phones in over 100 countries: an addressable market of over 4.5 billion people.

The two-day Middle East Banking Innovation Summit featuring 20+ presentations, over 30 speakers and more than 450 attendees came to a successful closure on Tuesday. The 5th edition of this summit reiterated its position as the leading platform in the Middle East region for the bankers to engage in idea sharing on trends and technological innovations driving the industry. The summit commenced with premium sponsors Visa, Schneider Electric and IBM welcoming attendees to see the latest developments, develop new business opportunities and discuss pressing industry issues and challenges.

 Tipalti (http://www.tipalti.com), provider of the leading global payments management platform, has fully integrated the first-ever intelligent Form W-8 collection solution into its platform.  The solution helps U.S. companies automate the accounts payable (AP) process by both paying suppliers who are nonresidents, foreign alien or entities while ensuring W-8 tax form compliance.

Official statistics for June 2015 released by the BBA reveal a continued demand for personal loans over the past two years.[1] On the surface, the news that UK consumers are borrowing again suggests increased confidence in the economy. At the same time, average household debt remains high at £55,083