Temenos (SIX: TEMN), the banking software company, announced today a joint effort with Microsoft to enable access to its AI-powered, Financial Crime Mitigation (FCM) SaaS solution to allow banks to protect both their customers and their organization from financial crime increase during the pandemic, particularly as banks have moved to remote working to protect their staff. Temenos AI-powered, Financial Crime Mitigation SaaS solution based on Microsoft’s fast, scalable and secure Azure cloud platform can be deployed within weeks. 

Global identity specialist, Hello Soda, launches a new single API platform to simplify the delivery of its suite of Know Your Customer (KYC), Anti-money Laundering (AML) and fraud prevention solutions.

Hello Soda identified that many stakeholders were having difficulty implementing multiple identity verification solutions independently. Its developers have responded to this challenge and the lack of cross-solution data analysis to help perform enhanced checks with the launch of Sodium.

TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has closed its Series A investment round for £5.75 million. Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC.

The new investors join existing shareholders, Citi, Illuminate Financial, Main Incubator (the R&D unit of Commerzbank Group) and The FinLab.

Horizon Software (Horizon), the world’s leading SaaS provider of electronic trading solutions and algorithmic technology, announced today that PPC, the leading energy supplier in Greece, can market make energy futures on the Hellenic Energy Exchange (HEnEx) leveraging the existing infrastructure of an existing Horizon client, Eurobank.

The why of upgrading payment solutions is evident – consumers increasingly demand quick and easy seamless ways to purchase. However, the how is not so simple. Not only is the range of available payment methods growing by the day, but to a non-specialist, these sophisticated technologies can be overwhelming.

Implementing a new payments system is complex, time consuming, and involves numerous stakeholders. It also requires finetuned planning to ensure a smooth transition, meaning no customer experiences payment disruption and no merchant experiences a lost sale.

Last week saw the number of available mortgage products increase for the second week in a row to 8,044 products, an increase of 488 (5.9%) from the previous week. The majority of the growth has been seen in the remortgage sector where the product numbers increased by 5.4%, while home mover products increased by 2.0% and BTL product numbers reduced by 1.9%. When compared to pre-pandemic levels, the number of mortgage products is 6,630 (45.2%) lower than the nine week average to 16^th March.

Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, has announced the appointment of David Bradbury as Chief Security Officer. Bradbury brings more than 20 years of security and engineering experience to Okta and will report directly to Todd McKinnon, Okta’s Chief Executive Officer and co-founder.