Citizens Bank has selected payments technology company Transactis to expand its Treasury Solutions offering with electronic billing and payment solutions. 

American Express has announced a new addition to its suite of business financing products, which are designed to help businesses with access to working capital and short-term financing: Business Loans. 

SWIFT has published an interim report on the proof of concept (PoC) for real-time Nostro reconciliation using a SWIFT-developed distributed ledger technology (DLT) sandbox with 33 global transaction banks, as part of its SWIFT gpi service. 

B-Hive, an innovative collaboration platform connecting financial services players and FinTech startups & scale-ups, has officially opened the doors of its hub in New York City. Along with our community, B-Hive hosted its sold-out launch event at the BNY Mellon offices in New York City’s Financial District on Thursday 12^th October.

Finastra is bringing its next-generation payments solutions to the cloud via Microsoft Azure, Microsoft’s enterprise-ready trusted cloud platform. The move enables Finastra to deploy value-added services to clients more efficiently. Banks will benefit from streamlined onboarding, as well as faster access to new products and upgrades.

Silicon Valley analytics firm FICO today announced that the latest version of its FICO^® Enterprise Security Score is twice as accurate at predicting a data breach as the previous model, and more than four times as powerful as the best results claimed by competing solutions. The FICO Enterprise Security Score gives subscribers the ability to assess the forward-looking cyber breach risk of their organisation and their partners, and improves breach insurance underwriting.

Signicat, the first and largest identity assurance provider in the world, and SDC, a full-service IT service partner for the financial sector in the Nordic countries, today announced that 83% of SDC’s Danish banking clients’ customers’ mortgage applications are processed wholly digitally. The fully digital process for application, approval and signing has reduced the time to complete the mortgage process from weeks to days — and sometimes, in markets where consumers have an electronic identity (eID), mere hours.

Accuity, the leading provider of financial crime compliance, payments and know-your-customer (KYC) solutions, announced today that it has successfully integrated its financial crime screening solutions with Corda - R3’s financial grade distributed ledger technology (DLT) platform.

44 Million Credentials Downloaded by 2021

Fewer than 1 million mobile credentials were downloaded by end users of mobile access solutions in 2016. However, this number is expected to increase rapidly during the next five years, reaching 44 million downloads by 2021.