While Fintech companies were initially viewed as a banking competitor, the two are finding that there is greater benefit to working together. According to the 2017 World Retail Banking Report, 91 percent of banks and 75 percent of Fintechs responded that they expect to partner with one another in the future. APIs (application programming interface) are a key enabler in this evolution.

ING has today completed the acquisition of its 75% stake in Payvision, a fast-growing, leading international omnichannel payments service provider. 

 TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced it has extended its global partnership with four-time consecutive FIA Formula One™ World Constructors’ Champions Mercedes-AMG Petronas Motorsport. This partnership will continue to equip the team with advanced TIBCO® solutions throughout the 2018 season, supporting strategic decisions based on data collected from the brand-new Mercedes-AMG F1 W09 EQ Power+ race car.

As Saudi Arabia continues its journey towards its Vision 2030 with the National Transformation Program (NTP) 2020, one of the key measures outlined in Vision 2030, is a shift towards a digitized economy. While the focus is globally shifting to new and emerging Blockchain technologies which are integral to supporting and realizing digital economies around the world, the Middle East isn’t far behind.

Mobile payments are fast approaching a tipping point, with spending via smartphones accelerating according to the latest consumer spending data from Worldpay.

Colt Technology Services and PCCW Global, the international operating division of HKT, have collaborated with Clear, a blockchain start-up company, to demonstrate that inter-carrier settlement times can be reduced from hours to minutes by blockchain technology.

Mambu today announced that pioneering Nordic digital lender, Folkefinans, is leveraging the SaaS banking engine to power its long-term growth strategy. Folkefinans chose Mambu for its flexibility and scalability which allows the lender to keep focus on launching new products to meet changing customer and regulatory requirements.

Accuity, the leading global provider of risk and compliance, payments and know your customer solutions has been selected by First Abu Dhabi Bank (FAB) to provide integrated global sanctions screening and data.

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, is going to use Accuity’s Fircosoft data and technology solutions to strengthen its transaction, customer and third-party screening processes.

 FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the publication of Release Candidate 3 for FIX Orchestra for public review, to help the industry move further towards standardisation and automation of rules of engagement and deliver major efficiencies to the counterparty onboarding process.