During Sibos 2017, Sberbank and Swift signed a memorandum of cooperation regarding the development and piloting of high-tech products created and promoted by Swift.

With the EU’s Markets in Financial Instruments Directive II (MiFID II) about to come into force in January 2018, capital markets participants are now urgently taking steps to digest the requirements and meet this latest regulatory challenge.

MiFID II is poised to disrupt the status quo in financial services, demanding firms make major changes to the way they operate, as well as the technology and connectivity infrastructures they depend upon.

Rambus Inc. (NASDAQ: RMBS) has teamed up with eftpos, the Australian domestic debit network, to help support secure transactions with Apple Pay for users in Australia. Through integration with the Rambus Token Service Provider (TSP) technology, eftpos is able to support Apple Pay, the easy, secure and private way to pay.

One of the most important events in the world of payments and financial services, Money20/20 will start on October 22nd in Las Vegas. Latin American local payments processor EBANX Payments––that processes payments for global companies such as AliExpress, Wish, Udacity and other major global brands––will have nine Latin Americaexperts in attendance at Booth 1657. Companies eager to start or increase their sales in Brazil, Mexico, Argentina, Chile, Colombia, and Peru will be able to talk to them in person at the event.

BFC Bank, a specialised bank focused on international payments and cash management services, completed its mobilisation process on 11 October 2017 and is to increase its corporate banking services.

A wholly owned subsidiary of BFC Group Holdings (BFC Group), BFC Bank received authorisation by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) (FRN 716167) in September 2016. It has successfully fulfilled all the necessary regulatory conditions to become operational.

SWIFT is launching a message translation offering that will allow users to define and validate messages from any format to ISO 20022, streamlining the process of migrating to a new standard.

As many market infrastructures (MIs) move to ISO 20022, financial institutions using older or proprietary message formats must ensure their messages remain compatible. Many legacy systems will need to be upgraded in order to process the new standards. This can be a costly and labour-intensive process, placing further time pressures on institutions and increasing operational risk.

Synaptic Software, the company responsible for developing research software for professional advisers, today launches Synaptic Analyser, a retirement income analysis and drawdown product comparison tool, that will help financial advisers support their customers in planning for retirement.