Nordea has the ambition to be in the forefront of digitisation within banking and therefore establishes a new Group Digital unit with the objective to drive the digital agenda forward across the Group. The unit will be co-headed by Poul Raaholt, previously head of Group IT at Nordea, and Ewan MacLeod, previously responsible for the Retail digital transformation programme at Royal Bank of Scotland. Alvaro Garrido, previously Group Head of Technology at Standard Chartered Bank, is appointed new head of Group IT.

Banks can ride a wave of digital transformation to deliver better services and improve customer relationships. Those are some of the key findings of new research by BT and Avaya. 

Regulations have always been a stumbling point for financial institutions on the road to more effective and innovative banking systems. Indeed, new regulatory changes are having a huge effect on these institutions. Regulators are now adapting to recent market disruptions in an attempt to strike a balance between healthy competition, room for innovation and market transparency. The emerging regulatory change, PSD2, is set to open up new horizons in digital banking and facilitate exciting innovation in payments.

Whilst, the biggest risk of the Brexit result appears to be to London’s role as a global financial centre, it also presents challenges to international businesses and trading as a result.  The UK will go from a rule maker to a rule taker in relation to Europe.  It will have to comply with EU regulations like the rest of the world, with no say in how those regulations are developed.  Whether the UK financial sector can withstand such a big change without serious consequences will depend on the deal that the UK government negotiate in the case of a ‘leave’ vote and the speed and agility with

Wirecard AG, a leading global payment and issuing company, announced that it has reached a definitive agreement to acquire Citi Prepaid Card Services. Citi Prepaid card services have launched over 2,500 client programs, associated with top companies and brands across the world, primarily in North America.

Capital Index (UK) Ltd are pleased to announce they have recently won ‘Best STP Forex Broker’ at this year’s Online Personal Wealth Awards. The accolade comes after only a relatively short period of time since launching the brokerage business back in 2014.

On winning the award, Rob Woolfe, CEO of Capital Index comments;

Forensic brand guidance agency TransgressiveX (TX) has launched a Banking, Financial Services and Insurance proposition, having enlisted a team of senior global financial services marketers. Sarajit Mitra, former Global Head of Marketing & Customer Experience at HSBC Global Banking and Markets, leads the TX proposition, and is joined by a heavyweight international team of former marketers and insights specialists.

Fiserv announced that Panin Bank, one of the leading retail and business banks in Indonesia, has launched comprehensive new digital banking products and services using Mobiliti™ and Corillian™ Online from Fiserv. With the new deployment, Panin Bank has extended the capabilities of its mobile and online channels to deliver the experience their customers want at the speed they expect.