BBMSL, a leading payment solutions provider in Hong Kong, announced a strategic collaboration with PayMe by HSBC today, becoming a payment acquirer for one of the territory's most popular digital wallets. This partnership allows BBMSL's merchants to provide PayMe as a secure and convenient payment option for their customers.

Ingenico, the global leader in payment acceptance and services, is pleased to announce the appointment of Anushka Weeratunga as its Regional Managing Director in APAC and a member of the Executive Committee, effective immediately.

Anushka, who served as Country Business Leader for the Pacific, has been a driving force of Ingenico's business growth in the Pacific region over the past three years.

The partnership between leading international financial service provider ACE Money Transfer and Trustly, the global open banking payments leader, has provided customers with a smoother and more cost-effective personalized remittance experience through competitive exchange rates, low transfer costs, and enhanced security on remittances.  

After receiving the Account Information Service (AIS) Provider license, the financial data intelligence platform Bud Financial (Bud) is expanding its team in Lithuania. Established in Vilnius last year, Bud’s Lithuanian office will become one of the company’s hubs for technical and risk roles, powering its growth in the region and across Europe.   

In an era where convenience is critical, the travel industry faces significant challenges in meeting consumer expectations around online payments. FinMont, a global payment orchestration platform, has recently shed light on these challenges through a comprehensive survey of European travellers’ online travel booking habits. The findings highlight substantial gaps and opportunities in the current payment processes of travel companies, pointing to a need for significant improvements.

Travel Payment Pain Points 

iDenfy, a Lithuania-based identity verification and fraud prevention software provider, has launched its new automated utility bill verification solution. This innovative tool is designed to enhance the efficiency and accuracy of the proof of address (PoA) process, as well as provide businesses with a powerful tool to ensure anti-money laundering (AML) and Know Your Customer (KYC) compliance. 

Airwallex, the Australia-founded leading financial platform for modern businesses, has become the first major payments company to be granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investment Commission (ASIC) to offer businesses access to retail investment products. This is an additional licence from the AFSL that Airwallex has held for its existing payments and foreign exchange business since 2016. 

BMLL, the leading, independent provider of harmonized, historical Level 3, 2, and 1 data and analytics across global equity, ETFs, and futures markets, today announced a partnership with ARTEX Global Markets, the regulated art-focused multilateral trading facility (MTF), to redefine the way intraday art-financial data can be re-distributed and analyzed.

Model risk management is an ongoing focus for financial institutions. There is an ever-growing complexity of models that need to be monitored and governed appropriately and it is the responsibility of the model risk and validation departments to manage this. With the growing use of AI and ML, model risk management strategies have to be agile and able to adapt to this change, particularly considering the EU AI Act regulations.

Monument Bank has achieved a significant milestone, surpassing £3bn in client deposits, marking a £1bn increase in just over ten weeks. This achievement reflects a robust start to Q3, during which the bank has doubled its client base within six months. Ian Rand, CEO of Monument, expressed his satisfaction with this rapid growth, stating,