CA Technologies (NASDAQ:CA) today announced CA Risk Analytics Network, the payment industry’s only card-issuer network that stops card-not-present fraud instantly for network members using real-time behavior analytics, machine learning and global transaction data to reduce online fraud losses by an average of 25 percent* – a potential of $2.2 billion in savings.**

Larry Summers, former director of the National Economic Council for President Barack Obama, writes a regular column in The Financial Times.  His latest piece is his take on FinTech, which has the main headline that FinTech is taking away frictions in finance.  Yep.  The frictions are illustrated by things like interchange fees, the length of time it takes to clear cross-border cheques, the charges per transaction for basic banking services, the high overheads of insurances and interest on

Today HID Global, a world’s leading provider of trusted identity solutions, unveiled a new application, HID Approve. The new solution transforms mobile device into authenticator that authorizes online access and transaction requests, including banking transactions or corporate VPN access. HID Approve upgrades the level of trust for consumers and employees to make safe transactions.

Eze Software Group, a global leading provider of investment technology, has bolstered its Eze Portfolio Accounting module with a Reconciliation Summary dashboard. 

Financial professionals using Thomson Reuters flagship desktop can now integrate their internal and partner applications through the launch of its Side by Side Integration API. Together with App Studio, Eikon’s third-party developer suite, users can extract even greater value from Eikon through a more seamless workflow on a single desktop. 

Wipro Limited, a leading global information technology, consulting and business process services company has joined the Enterprise Ethereum Alliance (EEA) as a founding member. 

Research on the global payment cards market forecasts continued strong growth in the Middle East and Africa and highlights significant opportunities for the international card schemes

Many people still do not have a payment card

Symbiont, the market-leading smart contracts platform for institutional applications of distributed ledger technology, today announced a strategic partnership with Chinese software giant Hundsun Technologies Inc, which includes an investment by a division of Hundsun in Symbiont’s Series A-1 round. 

An independent financial expert Ugo Bechis (Milan, Italy) will make a presentation at Blockchain & Bitcoin Conference Prague on May 19. He will talk about the prospects and practical application of blockchain in the banking ecosystem of the European Union. 

Ugo Bechis is an independent e-Payments & SEPS Advisor. The range of his longstanding researches include Banking, Trading On-line, Corporate and Retail Payments, Cards, Consumer Credit and Bancassurance and regulation policies of certain countries in the euro-zone.