Joint offering additionally helps customers to comply with PSD2, AMLD5 and eIDAS regulations  

Mitek (NASDAQ:MITK) a global leader in digital identity verification software solutions, and Signicat, the world’s leading trusted digital identity provider, today announced a partnership to improve the digital customer on-boarding process for Europe’s financial services companies, while helping clients in their efforts to comply with a number of regulations, including PSD2, AMLD5, and eIDAS.

More than two thirds of the people in Finland, Sweden and Norway are worried about how companies use the personal data they collect. This is one of the main findings in a new SynoInt survey commissioned by Tieto. Over 90 percent of the respondents say it is important to be informed about how companies use their personal data but only one third believe that the companies do this well enough.

The March 2018 edition of Financial IT was devoted mainly to Open Banking. So too is this, June 2018 of Financial IT.

The previous edition looked, in depth and breadth, at the change that could take place in financial markets, Fintechs and incumbent institutions as a result of the second Payments Services Directive (PSD2) and the General Data Protection Regulation (GDPR) of the European Union (EU). If the previous edition was reduced to one question of just one word, that one word would be ‘What?’

With every passing year comes some new innovation that brands are harnessing in order to improve their business and hopefully increase sales. Usually, these innovations are in the tech industry, and this year there has been a huge focus on AI and the many potential benefits it has for a range of businesses.

Brands all over the globe are now using AI in a number of different ways, but fundamentally it is being used to improve brand experience. Although it may seem like a futuristic concept, we are already surrounded by AI.

ICS Financial Systems Limited (ICSFS), a global software and services provider for banks and financial institutions and a Gold level member of Oracle PartnerNetwork (OPN), today announced it was invited by Oracle to participate and join the Partner Panel Discussion at Oracle Cloud Summit for ISV Executives, which was hosted in London on Wednesday April 18, 2018 at the Queen's House in Greenwich.

Citi has today announced that is has successfully enrolled as a Payment Initiation Service Provider (PISP) on the UK Open Banking Directory, becoming the first corporate bank to do so.  Inclusion in the directory will allow Citi to begin piloting new payment and collection services for clients.

Leading global payments provider, Paysafe, today announces the global launch of its latest alternative payment solution - 'Paysafecash'. The pioneering and ultra-safe online cash payment option has been designed to cater for the sizeable number of online shoppers around the world who still prefer to pay by cash.

Empowers international FX leader to leverage open banking to offer a simple, fast and convenient way for customers to load their prepaid multi-currency cards.

Turnkey open banking platform provider Token today announces that it is enabling Caxton FX to provide a bank direct payments facility to its consumer and business prepaid multi-currency card customers.

A report published today by payments processor RS2warns that the payment industry must consolidate omnichannel payments, card payments, and direct-from-bank Open Banking payments into new ‘Open Payments’ platforms to meet the demands of connected customers and the retailers serving them.