Citi has announced the launch of its new global solution, Citi^® Virtual Accounts, which allows clients to segregate their balances under a single physical account, providing enhanced visibility, control and efficiencies through centralized payments, receivables and liquidity management. 

The in-house solution leverages the strength of Citi’s on the ground presence whilst delivering a globally consistent offering and is live with clients in Western Europe covering 16 markets and 37 currencies, with the U.S. and Asia to follow.

Signicat, a leader in trusted digital identity, has joined the European Telecommunications Standards Institute (ETSI), the recognised standards body for electronic communications. As part of the technical committee on Electronic Signatures and Infrastructure (ESI), Signicat will help create and shape the standards for digital signatures and trust services.

Finastra has launched Fusion Essence in the cloud, a fully integrated core and digital solution, localized for the UK Market. Deployed on Azure, Microsoft’s enterprise-ready, trusted cloud platform, it is available to all banks, but is particularly suited to ambitious challenger banks, enabling them to come to market with velocity and allowing them to launch personalized offerings first and fast, maintaining a competitive edge.

Framework, a specialist global solutions vendor for Private Equity (PE) and Real Estate (RE) investments, has made a senior hire to its leadership team to meet demand for its enterprise investment accounting data management solutions.
 

Framework today announced the appointment of Alan Naughton as CEO. The appointment will strengthen the leadership team as Framework concentrate on accelerating their current growth and focus on innovation in PE and RE investment data management.

Card-on-file (the process of collecting and storing payment card credentials) is fundamental to the card-not-present (CNP) ecosystem, facilitating the delivery of popular payment methods such as one-click ordering and recurring payments.

Growing CNP fraud, and the need for merchants to deliver a seamless user experience, is driving demand for card-on-file EMV payment tokenization. As industry players look tosimplify tokenization initiatives, while adding additional value, token gateway solutions can deliver considerable competitive advantages:

 Nebeus, the London-based fintech platform which is working to bridge the gap between crypto and fiat finance through the use of blockchain technology, has launched a crowdfunding campaign with the ambition of bringing borderless banking to the 2 billion people across the globe who currently struggle to access banking services.

Tangerine, the Canadian direct bank is pleased to showcase its partnership agreement with Meniga, the global leader in digital banking solutions. The agreement sees Tangerine deploy Meniga’s digital banking solutions to all its clients, as part of its commitment to providing innovative solutions that help Canadians make smart decisions with their money.

NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by Indonesia’s PT Bank Central Asia Tbk (BCA) to transform its anti-money laundering compliance and case management operations.

As of 1 October 2018, Carsten Höltkemeyer will become Chief Financial Officer (CFO) of Concardis Payment Group, thereby assuming responsibility for the financial aspects of the Group. In addition to Group controlling and accounting, he will also head the risk management and treasury divisions. Höltkemeyer will focus his efforts in particular on the integration of portfolio companies within the Concardis Group and on the development of a common Group growth platform.

A new approach to the personal approach

Banking, like any industry, goes though cycles. It has trends. Through its over-arching forward progression, there are times when it learns from the past, just as much as there are times when it forges the future.