The International Chamber of Commerce (ICC) and Finastra have committed to a strategic initiative to tackle the growing trade finance gap. Both organizations are orchestrating an ecosystem and exploring the development of a financing marketplace that will provide micro-, small, and medium-sized enterprises (SMEs) with access to a broader set of alternative finance resources in order to help keep the global economy moving forward.

ClearBank, the cloud-based clearing bank, today announced it is supporting 

Symphony Communication Services (Symphony) and AccessFintech today announced a partnership to extend data sharing, communications and workflow collaboration across their platforms.  

The partnership combines Symphony’s collaboration and communication platform with AccessFintech’s data management and workflow network solution to expedite the resolution of discrepancies such as trade fails and mismatches in the post-trade environment.  

Tide, the UK’s leading business financial platform, has today revealed the large amounts of time and money small businesses spend on running payroll for staff, ahead of the launch of Tide Payroll.

Etrading Software, the independent, global provider of technology-led solutions designed for financial institutions and industry initiatives, in partnership with Artis Holdings, today announced the launch of its new loan technology to help provide automation and bring much needed efficiencies to the Loan Market.

equensWorldline, a subsidiary of Worldline, the European leader in the payments and transactional services industry, announces the renewal of its service agreement with Rabobank, one of the largest Dutch banks. Under the agreement, equensWorldline will continue to provide its wide range of reliable payment services to Rabobank and process billions of transactions per year, expecting volumes to further increase significantly.

X5 Retail Group (“X5” or the “Company”), a leading Russian food retailer (LSE and MOEX ticker: “FIVE”), Sber and Visa have launched an innovative pay-with-a glance service at self-checkouts in X5 stores. Now available at 52 Perekrestok supermarkets, the service uses biometric identification based on X5's innovation lab technology and VisionLabs solutions.

 Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced it has closed a minority investment from Long Ridge Equity Partners. Drawbridge will use the funds to accelerate product innovation, expand sales and marketing activities across North America and EMEA, and continue investing in its people, platform, and client services. The investment follows a period of dramatic growth for Drawbridge.

Following my previous blog on the critical success factors of running a remediation programme, many have commented that remediation has now become a permanent feature for Financial Institutions.