Icon Solutions, the leading provider of technology solutions and payments expertise, today revealed that only 9% of the world’s top tier banks are effectively monetising payments data.

Nium, the recently-rebranded (formerly, InstaReM) digital cross-border payments platform for consumers,  enterprises and financial institutions, will now power cross-border payments for Frente Corretora de Câmbio, a leading foreign exchange broker in Brazil - known for its personalized and high-quality experience in financial and exchange advice. This is a significant move for Nium in its expansion plans into the Latin America.

Temenos (SIX: TEMN), the banking software company, today announced that Citi has extended its existing contract for Temenos Multifonds Global Accounting to drive operational excellence, reduce costs and deliver digital customer experiences for its global fund services business. Temenos’ platform and integrated operating model delivers localized accounting and reporting to underpin the management of Net Asset Value (NAV) production.

 As stories of banking data breaches continue to hit the headlines, consumers are increasingly sceptical about the security of their online bank accounts. Now, new research by IDEX Biometrics ASA reveals that those in Generation Z (born after 1995) are particularly concerned by banking fraud.

AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions today announced the appointment of Claudia Thurner as EMEA general manager.

Financial IT caught up with Micah Willbrand, Managing Director of ID&F at Experian to discuss Open Banking, industry trends and challenges at Open Banking Expo 2019.

AI and Machine Learning techniques are finding their way into financial services. Ranging from operational efficiencies to more effective detection of fraud and money-laundering, firms are embracing techniques that find patterns, learn from them and can subsequently act on signals coming out of large volumes of data. The most promising, and potentially lucrative, use cases are in investment management though.

Eleni Coldrey, Business Development Director - EMEA, Equinix at Open Banking Expo 2019

Financial IT chats with Gilbert Verdian, CEO and Founder of blockchain technology company Quant Network. Tasked with connecting the world’s networks to blockchain, Gilbert is building the Internet of Trust by converging blockchain, AI and cybersecurity. Having a keen interest in disruptive technology, Gilbert is the author behind the Blockchain ISO Standard TC307 initiative and is the Chair of the UK’s national committee on Blockchain and Distributed Ledger technologies (DLT/1) as well as the Interoperability working group for ISO.

TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced its work with Microsoft to assist in completing the online mapping of vulnerable areas. Founded by organisation like The American Red Cross and known as the “Missing Maps” initiative, this open collaboration project helps fill in data gaps needed to identify places literally missing from the map. This enables humanitarian organisations and first responders to reach these locations at times of crisis.