Fintech company RiskFirst (A Moody’s Analytics Company) has won the Asset-Liability Management (ALM) product of the year award for its market-leading risk management platform, PFaroe, in the Risk Markets Technology Awards.

The 2020 awards, which recognise global best practice in risk management and technology excellence, drew 180 pitches across nearly 30 categories, with the winners decided by a panel of nine industry experts and two members of the Risk.net editorial team.

Although we are moving towards a cashless society, and card spending is overtaking cash spending, a rapid move towards digital banking risks leaving people behind. The latest report from Which? highlights this problem, and it’s now businesses’ and financial institutions’ turn to work together to ensure millions of people are not left struggling to access everyday banking tasks.

Riskified, the payments and fraud-prevention solution provider announced today that Air Europa, the airline division of Globalia, has chosen Riskified PSD2 Optimization to allow the airline to maintain a frictionless booking experience and maximize revenue under the EU’s new PSD2 regulation. Riskified data shows that European merchants could miss out on up to 15 percent of their revenue if they do not proactively address the regulation. 

The world of public transport is preparing to face a new challenge. Thanks to the agreement signed between SIA and the Unicocampania Consortium, trials will start in the second half of 2020 in Naples, Salerno, Avellino and their respective provinces for payment of tickets for local public transport using contactless credit and debit cards.

The rise of ‘tap-to-pay’ payments made using smartphones is showing no signs of slowing down. It is estimated that mobile payments will amount to $14 trillion by 2022. To keep up with this trend, banks and issuers must be proactive in offering solutions that suit the evolving needs of their customers.

Onfido announced a partnership with b-sharpe, a leading Swiss company in online currency exchange, to provide a better sign up experience to its users when verifying  identities on their platform. Onfido’s AI-powered identity verification technology allows b-sharpe to drastically accelerate its customer onboarding while remaining financially compliant.

SEBA, an integrated bank focused on digital assets, launches its investment solutions and introduces a new index for cryptographic assets. The SEBA Crypto Asset Select Index (SEBAX) is a dynamic, risk-optimised index with a broad market exposure of the crypto asset market. The underlying proprietary methodology addresses the pitfalls of traditional market value-weighted indices and allows optimized diversification.

Equifax, the business and consumer insights expert, and the Open Data Institute (ODI), the international organisation dedicated to improving the use of data, have today launched an in-depth research report looking at the international consent framework for Open Banking.

CryptoCompare, the global leader in digital asset data, today announced the availability of a suite of digital asset data products in the BT Radianz Cloud, one of the world’s largest secure financial markets cloud communities. The comprehensive real-time and historical dataset will provide institutional clients with a granular, reliable view of the digital asset class.

Global fintech Avaloq has again been recognized as a Leader in the 2019 NelsonHall NEAT vendor evaluation for Wealth & Asset Management Services, one of the most comprehensive such assessments globally. This is the second major award given to Avaloq in the past few months for its wealth management capabilities. In September it was named Overall Winner in the 2019 XCelent European Wealth Management Technology Vendors report - Europe’s most influential market accolade and further testament to the market-leading capabilities of the Avaloq Banking Suite.