Fenergo, the leading provider of digital Client Lifecycle Management (CLM) software solutions for financial institutions, revealed that 20% of C-suite executives in banks say that the maturity of their technology infrastructures is preventing them from investing in new, disruptive technologies including big data analytics and Artificial Intelligence (AI) to improve CLM. 67% are not currently partnered with a fintech/regtech provider to improve operational efficiencies and just 40% of respondents have integrated with an external data or Know Your Customer (KYC) utility provider.

Horizontal data lineage traces the journey of a piece of data as it moves through the system from source to destination. It could be a piece of content originally picked up from a prospectus or a company’s articles of incorporation; that is incorporated into a data product, is licensed by a financial institution; and put into a database before it flows through to a report or business application.

Cloud experts Renovite Technologies has strengthened its position in the electronic payments market through the appointment of two senior product managers.

The appointment of Anton Godfrey and David Lock adds over 60-years’ specialist payments experience to Renovite Technologies, who deliver cloud-native payments solutions to banks and financial organisations worldwide.

Mr Godfrey and Mr Lock will fulfil global roles, working closely with development teams across Renovite’s global offices.

Visa announced it has acquired control of Earthport, a company that provides cross-border payment services to banks, money transfer service providers and businesses via the world’s largest independent ACH network.

WHISHWORKS, a Big Data specialist and MuleSoft^®strategic partner for the banking and finance sector, has announced exciting expansion plans across the USA and the Middle East as it grows its customer base, increases headcount and reports its highest ever year-on-year revenue growth.

Cyber security provider F-Secure has earned two new International Electrotechnical Commission (IEC) certifications that recognize the company’s expertise in developing secure components for industrial control systems (ICSs). The certifications, IEC-62243-4-1 and IEC-62243-4-2, define the cyber security requirements for the development lifecycles and products used in industrial control and automation systems.

“The news this morning that Amazon has been forced to accept cash at its 'cashless store' amid claims it discriminates against those without bank accounts, serves as a stark reminder of the struggles to come if banks and the Government don’t work closely enough to ensure the benefits of cashless society are available and accessible to all.

IHS Markit (Nasdaq: INFO), a world leader in critical information, and analytics, today announced the launch of Onboarding Accelerator, a new solution to help banks and other service providers open accounts with institutional clients more quickly. 

Onboarding new clients is complex in financial services because of the amount of information the bank or service provider must collect to satisfy know your customer, anti-money laundering, credit, legal and tax requirements.  On average, the process takes 40 days.

Countingup, the UK’s number one small business banking and accounting app, has signed a partnership agreement with fintech start-up and insurance solutions provider Hokodo, in a move designed to lessen the risk faced by SMEs from late payments and unpaid invoices. This partnership is the first between a small business-focused insurance firm and a banking and accounting company to give UK SMEs the option to protect their income on an invoice-by-invoice basis.