Global digital transformation pioneer GFT Technologies SE (GFT) agreed to acquire 100% of shares in Colombia-based core banking expert Sophos Solutions S.A.S. With Sophos, GFT advances to one of the top 3 banking IT services providers across Latin America and also increases its global delivery capability.

i2c Inc., a leading provider of banking and payments solutions, announces a five-year partnership with The Bank of Missouri (TBOM) a celebrated community bank renowned for its pioneering digital banking initiatives. Through this alliance, the bank provides fintech the ability to offer a full suite of digital financial products and services to consumers and businesses alike.

TransUnion, a global information and insights company and one of the UK’s leading credit reference agencies has named Sudhish Mohan as its new UK and Europe chief information officer (CIO).

COLIBRIX proudly announces a significant milestone as the company has become a Mastercard  Principal Member. This recognition highlights COLIBRIX's commitment to providing exceptional services and establishes the company as a major player in the financial services sector. 

Mosaic Smart Data (Mosaic), the real-time capital markets data analytics company, has revealed the challenges that front office divisions in investment banks face when attempting to get their data in a fit enough state to deploy AI-powered analytics to improve efficiency, productivity, and profitability. 

There have been some noteworthy trends in the mobile finance app industry that are reshaping the way people manage their finances. These are the big ones:

The payment company Unzer has expanded its business activities and launched its POS solutions in Austria and Luxembourg. With its iPad checkouts, card terminals, and the POS Go mini checkout, Unzer supports all merchants who want to digitize their processes and meet the growing demand for contactless payments. In Germany, Unzer already serves more than 40,000 merchants with its POS solutions.

Temenos today announced that Nagarro, a global digital engineering leader, has signed an agreement to license and further develop Temenos Country Model Banks for financial institutions in Romania and Poland. The agreement opens new opportunities for growth for Temenos with enhanced local functionality and service capability provided by Nagarro in these markets.

Visa, a world leader in digital payments, spotlighted the evolution of its dispute program, making it easier for merchants to fight first-party misuse, also known as friendly fraud or first-party fraud, for card-not-present transactions. This change could save small businesses over a billion dollars in losses globally over the next five years, in turn benefitting the entire ecosystem of consumers and merchants.

In an economic landscape characterized by continuous flux, achieving financial prosperity is akin to navigating unchartered waters. Yet, implementing strategic practices makes sailing smoothly toward the oasis of fiscal stability possible. What follows is a distilled compendium of actionable guidance aimed not just at the survival of your bank account but also at its thriving expansion.

Assessing Your Financial Health: Where Do You Stand?