Through a new partnership with fintech company Tink, SEB's customers will get a better opportunity to gather, analyse and manage their finances. SEB will at the same time invest SEK 36 million in Tink AB, thereby becoming the fifth-largest shareholder.

Tink's technology is included in the first phase of SEB's mobile app for private individuals in Sweden, and makes it possible for customers to collect and categorise detailed information about purchases and savings. Within the framework of the partnership, more functions will be developed.

FIME today announces that its Global test tool is qualified for MasterCard cloud-based payment (MCBP) mobile application testing. Mobile payment solution providers and payment issuers can now validate the functional compliance of their host card emulation (HCE) mobile payments solutions against MCBP Specifications prior to the formal certification stage, reducing product time to market.

EY announces the appointment of Andy Baldwin as its new leader for Europe, Middle East, India and Africa (EMEIA). Andy will become Area Managing Partner on 1 July 2016, leading EY’s EMEIA member firms, which together represent US$11.82b in revenue and more than 102,000 people across 99 countries.

Alliance Data Systems Corporation announced its Columbus, Ohio-based card services business (www.knowmoresellmore.com), a premier provider of branded private label, co-brand and business credit programs, has signed a new long-term agreement to provide private label and co-brand cred

prevero, the specialist European provider of integrated Corporate Performance Management (CPM) and Business Intelligence solutions, has added the herbal sweets manufacturer Ricola to its portfolio of global customers. Based in Switzerland, with subsidiaries in the UK, Asia and the US, Ricola will use prevero’s proven CPM software to support its core business planning and reporting processes.

HID Global®, a worldwide leader in secure identity solutions, has introduced a mobility initiative that includes solutions, services, investments and alliances that expand the capabilities of trusted IDs on mobile devices across a growing range of access control, authentication and Internet of Things (IoT) applications.

Last year’s interim Competition and Markets Authority (CMA) report into retail banking allowed the banks to breathe a little easier. Their worst fears were not realised – they weren’t to be broken up. Instead, the recommendations were that they should advertise the 7-day switching service more aggressively, and nudge customers to review their financial situation at certain ‘trigger points’.

Fidessa reports that it has won the award for Most Innovative Market Data Project at the 2016 Inside Market Data Awards, hosted by Inside Market Data, Inside Reference Data and Waters Technology. The award was presented for Prospector, Fidessa's new liquidity tool that enables sales traders to quickly discover trading and crossing opportunities that would otherwise not be found.

The aim of the EU’s new General Data Protection Regulation (GDPR) is to drive the modernisation of Europe’s data security practices and, at the same time, harmonise the national laws that each member state enacted as a resulted of the now-defunct Data Protection Directive.

A recent Lloyds Bank survey revealed that a quarter of Brits think that in just five years’ time they will no longer need cash and the culture of convenience is set to have an increasing influence upon the cashless Revolution. Transport for London (TfL) is one of those leading this cashless trend with 3.2 million commuters (some 35,000 people a day) paying for journeys with their mobile devices since Apple Pay’s launch. Once Android Pay is available this figure will rise further.