Compass Plus marks a milestone in its long-term relationship with Network International, the leading enabler of digital commerce in the Middle East and Africa (MEA). Following the successful migration of Network’s 12 Egyptian issuer processor clients (banks) to Compass Plus software from legacy infrastructures in 2019, Compass Plus is looking to apply its experience and expertise to similar projects globally.

Today, Envoy Group announces that it has teamed up with TradeSun to offer an automated document reviewing process which will significantly reduce the time taken to complete trade finance transactions.

 Moorwand, a BIN sponsor, issuer and acquirer that transforms compliance into an enabler of innovation, today announced that its Chief Commercial Officer (CCO) Luc Gueriane has been promoted to the Moorwand board. Luc joined Moorwand in July 2019 as CCO and has had a major impact on the business. In the last year, Moorwand has signed over 50 new customers, growing at three time the average speed of the wider BIN sponsorship market.

 Wolters Kluwer Lien Solutions has responded to urgent client needs and established a technology solution specifically designed to help U.S. lenders navigate the influx of business loan applications, and associated compliance and risk mitigation requirements, resulting from the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Contactless payments are high on the global payments agenda. Consumers’ intent to use contactless more was demonstrated by our research studies both from 2017 and 2020. Now in the current pandemic, with the WHO encouraging contactless payments where possible and countries around the world raising contactless limits, consumer behaviors are changing more rapidly than ever.

 Equiniti Credit Services (EQCS), the UK’s leading consumer credit technology and outsourced services provider, has been chosen by Cardiff-based bank, Hodge, to create a flexible digital mortgage servicing solution. This latest client win is significant for EQCS and marks its move into the mortgage market for the first time.

 AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions, today announces its new generation regime agnostic offering for SFTR (Securities Financing Transactions Regulation)  -  providing counterparties with a seamless process for complying with global reporting requirements.

 OpenPayd, an API-first Banking-as-a-Service provider, today announced it has enhanced its payments capabilities with direct access to the SEPA payment scheme (Single Euro Payments Area).

The new integration will see OpenPayd’s business customers— predominantly online marketplaces, merchant acquirers and other high growth fintechs— benefit from fast and cost-effective payment processing across the 36 participating nations of the SEPA scheme, including all EU member states and EEA members.

Only some of the articles that have been contributed to this edition of Financial IT deal with the impact of the COVID-19 virus, which become seen as a global pandemic in mid-March. As of 15 April, the epicentre of the pandemic appears to have moved from Europe to the United States. COVID-19 is yet to be brought under control. In particular, it is unclear what will be the best way of preventing the virus from overwhelming the fragile healthcare systems in many developing countries.

As we all know, change is inevitable, and we have certainly seen a significant amount of it in recent months following the outbreak and spread of COVID-19. As nations have declared states of emergency to safeguard the health and safety of their citizens, businesses and people around the globe have had to find new ways of working in order to minimise disruption to daily operations, and digital technologies are at the heart of it all.