The Centre for Finance, Innovation and Technology (CFIT) today publishesits blueprint  for fighting economic crime through the introduction of Digital Company ID, which has the potential to  revolutionise business in the UK by improving efficiency, security and trust, while saving billions of pounds every  year in lost revenue and alleviating the burden of fraud on businesses. 

Tuum, a leading next-generation core banking provider, is proud to announce its new status as a Mastercard Digital Activity Service Provider (DASP), enabling seamless integration with Mastercard Digital Enablement Service (MDES). This partnership empowers banks and fintechs to deliver secure, tokenized digital payments across all major wallets and digital channels—without the need for additional third-party integrations.

Nexi Group, the European PayTech, has collaborated with WeChat Pay to enable Swiss merchants to accept payments at the point of sale (POS) via the WeChat Pay app. The 900 million+ active users of WeChat Pay can now make mobile payments via QR code on compatible POS terminals in Switzerland, accessing a familiar and convenient payment method while travelling in the country.

Liv, UAE’s first and largest digital bank launched by Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has consolidated its position as a pioneer of innovation and excellence with the launch of a cryptocurrency offering within its mobile banking app – Liv X. The new offering has been introduced in partnership with Aquanow, a global virtual asset service provider licensed by VARA.

Hex Technologies Pte Ltd, a leading digital assets financial institution specializing in custody and trading services, announced that it has received a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). Issued on March 1, 2025, the license authorizes Hex Trust to provide regulated cross-border money transfer services and Digital Payment Token (DPT) services.

IXOPAY, a leading provider of enterprise-grade payment orchestration, today announced the launch of its Payment Account Reference (PAR) solution, enabling merchants and payment platforms to link transaction data across multiple payment channels and methods. This gives marketing and customer-facing teams unprecedented visibility into purchasing behavior across payment methods, making PAR a powerful tool for delivering the personalized shopping experiences consumers expect.

FinXP, an award-winning European payments and banking solutions provider for under-served high risk businesses, appoints Jon Vigier as Chief Technology Officer (CTO) and Marc Conway as Chief Commercial & Product Officer (CCPO). Together, with their extensive industry expertise, they will drive further product innovation, business growth and customer value at FinXP.

The Elephant in the Room

Question: What are our contributors NOT talking about? Answer: the impact of the most important geopolitical shift in at least 80 years.

If you have cast even a cursory glance over this edition of Financial IT, you could be forgiven for thinking that it is - well - just another edition of Financial IT. 

As ever, our contributors come from a variety of organisations and have key messages about how the world could and should be different at the intersection of technology and financial services.