ICSFS conducted a two-week intensive assessment and training sessions that were held at the Housing Bank for Trade and Finance (HBTF) in Manama, Bahrain.

The assessment and training attendees were from HBTF senior executives, where the program covered the latest features of ICS BANKS Core Banking including front and back office branch operations services, Remittances, Credit Facility & Risk Management, Trade Finance, latest Lending products and features, Internal Audit and Control reporting, and part of ICS BANKS Digital Banking products.

The Management Consultancies Association has announced its finalists for the 2020 edition of its annual awards ceremony. A total of 32 firms have been short-listed for the 12 project-orientated prizes, as well as a gong for Best New Consultancy.

Central banks collectively representing a fifth of the world's population say they are likely to issue a general purpose digital currency in the next three years, according to a survey from the Bank for International Settlements.

The Bank of England is seeking a cloud build partner as part of of its One Bank Service Transformation strategy.

London-based B2B cross-border payments outfit Currencycloud has raised $80 million in a Series E funding round joined by blue-chip investors such as Visa, BNP Paribas and Siam Commercial Bank.

Although open banking has legislative origins - and is compulsory in some countries - it is also a major catalyst to bank transformation. In addition to the opportunity to generate new revenue streams, improve services and attract new customers, open banking challenges the traditional culture and closed mindset of banks. Historically, banking has revolved around a closed “vault” function. The vault has become a metaphor for bank culture, which has remained closed and product focused.

There are many digital products around us that look very successful. But sometimes that's only an illusion. In reality, their days are numbered. You all know the most striking examples from the past - Kodak, Nokia, Blockbuster and other giants who relied on the success of today and failed to predict the future. Currently, Amazon Pay, Apple Cards, Facebook Libra are disrupting the global financial landscape. In the digital age, changes in the market happen at the speed of light. Customer expectations are constantly rising.

THE UK ranks as the world’s third most cashless country behind Canada and Sweden. Will Hurst, Head of Commercial Development at Monevo, part of Quint Group, has some thoughts on how to get ready for a world without paper and coins.

1 – Invest in Tech

Contactless transactions have long been the most common transaction method in the UK. Moving forward, your phone and wearable tech will no doubt see virtual cards replace your plastic.

Synopsys, Inc. and