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Double digit growth in SWIFT message volumes as gpi uptake soars

SWIFT’s figures show an average of 31.31 million messages a day in 2018 as its annual traffic rose to an all-time high of over 7.8 billion. This marks an 11.3% increase on 2017 – and a 56% increase over the last five years.

Traffic growth was driven by the mass adoption of SWIFT gpi – which now accounts for over half (55%) of cross-border payment instructions carried on the network, only two years since its launch.

Wednesday, January 23, 2019 - 08:12
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/news/payments/double-digit-growth-swift-message-volumes-gpi-uptake-soars
Growth Street aims to transform business lending with £7.5m scale-up round led by Merian Chrysalis

Signalling a vote of confidence in British fintech, business lending platform Growth Street has raised a £7.5m scale-up investment round led by the Merian Chrysalis Investment Company Limited (Merian Chrysalis). Asset manager Merian Global Investors has joined forces with leading individual investors including Rob Rankin, former co-Head of Corporate Banking & Securities at Deutsche Bank, and Peter Brodnicki, CEO of the Mortgage Advice Bureau, in backing Growth Street.

Wednesday, January 23, 2019 - 07:46
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/news/infrastructure/growth-street-aims-transform-business-lending-ps75m-scale-round-led-merian
Financial IT
International Payment Transfer Provider FlashFX Upgrades Additional Customer On-Boarding Security Through 4Stop's KYC and Anti-Fraud Solution

4Stop ("FourStop GmbH"), a leader in providing premium global KYC, compliance and anti-fraud technology, announces today they are live and operational within FlashFX's global payment t

Wednesday, January 23, 2019 - 07:16
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/news/money-transfers/international-payment-transfer-provider-flashfx-upgrades-additional-customer
NEXT Biometrics to Start Sampling Dual Interface Smart Card Solution

NEXT Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor technology, today announced that it will start sampling its dual interface smart card solution (One Touch Flex CL) early in the second quarter of 2019. The solution enables NEXT's unique technology to be used with contact and contactless smart cards, including payment cards.

Wednesday, January 23, 2019 - 07:13
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/news/saas/next-biometrics-start-sampling-dual-interface-smart-card-solution
Financial IT
TNS to acquire R2G

Transaction Network Services (TNS) today announced the acquisition of Chicago-based market data, connectivity and hosting specialist R2G Services. 

Wednesday, January 23, 2019 - 06:58
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/news/ma-deals/tns-acquire-r2g
Grasshopper Partners with Solace for AI-powered trading

Grasshopper, Singapore’s leading proprietary trading firm and liquidity provider, has expanded its deployment of the Solace PubSub+ advanced event broker to offer enhanced capabilities that use machine learning for predictive trading. 

Grasshopper has trusted Solace’s advanced event broker technologies as the data movement foundation of its low latency trading system since 2011.

Wednesday, January 23, 2019 - 06:56
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/news/artificial-intelligence/grasshopper-partners-solace-ai-powered-trading
Financial IT
Target and Taco Bell partner Apple for easy and secured payments

Target, Taco Bell, Hy-Vee supermarkets in the Midwest, Speedway convenience stores and Jack in the Box are the latest merchants to support Apple Pay, the most popular mobile contactless payment system in the world that lets customers easily and securely pay in stores using their iPhone and Apple Watch. 

With the addition of these national retailers, 74 of the top 100 merchants in the US and 65 percent of all retail locations across the country will support Apple Pay.

Wednesday, January 23, 2019 - 06:49
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/news/payments/target-and-taco-bell-partner-apple-easy-and-secured-payments
Mastercard Shoppers Can Soon Tap & Go at Target

Today, Mastercard announced its contactless cards soon will be accepted at Target stores, giving shoppers the ability to simply tap to pay. Cardholders using a contactless Mastercard—ones with a contactless symbol on them—will tap their card on the reader screen to pay and head on their way.

Wednesday, January 23, 2019 - 06:45
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/news/payments/mastercard-shoppers-can-soon-tap-go-target
Financial IT
RESEARCH REVEALS POOR UNDERSTANDING OF BLOCKCHAIN AMONGST SENIOR BUSINESS EXECUTIVES

New research amongst institutional investors from the Global Blockchain Business Council (GBBC) - the leading association for the blockchain ecosystem - reveals 63% believe senior executives at large established businesses have a poor understanding of blockchain.  Only 7% described their understanding as ‘good’, with the remainder describing it as ‘average’.

Wednesday, January 23, 2019 - 06:42
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/news/data/research-reveals-poor-understanding-blockchain-amongst-senior-business-executives
Tungsten Network launches Workflow 5.0

Tungsten Network, the global business transaction network, has released a new version of its Workflow product.

Tungsten Network Workflow automates accounts payable processes, enabling incoming invoices to be automatically routed, coded, matched, approved and posted into their Enterprise Resource Planning (ERP) system via an integrated connection. It offers users a single reference point from which they are able to track invoices, monitor cash flow and respond to vendor inquiries relating to the status of their invoices.

Wednesday, January 23, 2019 - 06:38
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/news/banking/tungsten-network-launches-workflow-50

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