After undertaking a significant due-diligence process, Sova Capital Prime Services is pleased to announce that it has selected IRESS as its chosen 3^rdparty Order Management System (“OMS”), as well as its post-trade processing and middle office technology provider. This front-end technology will feed all trading data into Sova Capital’s back-office system – Calypso, and onwards to Sova Capital’s proprietary owned back-office reporting product – Sova smart, an online reporting and middle-office trade entry tool for clients. 

TurnKey Lender, an award-winning provider of decision management and lending automation solutions for lenders, has signed a partnership agreement with global financial data provider Refinitiv – formerly the Financial and Risk business of Thomson Reuters.
As the teams cooperate to develop global cross-promotional marketing and sales campaigns both companies expect to see significant benefits for their clients. The ultimate goal of the partnership is to upgrade companies’ respective products and services and simplify KYC and AML screening for regulatory compliance.

Six Spanish banks, accounting for 85% of Spain’s cross-border payments, have adopted the SWIFT global payments innovation (SWIFT gpi), the new standard for cross-border payments. SWIFT gpi dramatically improves the customer experience in cross-border payments by increasing their speed, transparency and end-to-end tracking.

It's an interesting time for the humble payment card. Card payments have steadily risen in the last two decades, but innovation of the card has slowed since the launch of contactless over ten years ago. Until, that is, the recent entrance of the biometric payment card.  

Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), today announced that its customer MeDirect Bank Belgium, an online bank offering savings, investments and wealth management since 2013, has successfully launched its Regulated Savings Product on Finacle’s core banking solution. The product will help the bank extend services to a new segment of savers that are looking to save and receive basic interest, in addition to a fidelity premium.

David has joined EValue from Financial Express, where he was Head of Third-Party Sales and led business development activities for over 10 years. Prior to his time at FE, David held similar roles in Graydon UK and Dun & Bradstreet. In his new role as Client Relationship Director, David will use his extensive background in data and customer relationships to support EValue’s ambitious growth plans and business initiatives.

Grow Financial Credit Union, headquartered in Tampa, Fla., has selected Wolters Kluwer’s ComplianceOne® Lending and CASH Suite™ solutions to streamline its commercial lending processes and enhance compliance risk management throughout its 26 branch locations.

 InstaReM, a fintech company that offers faster and cost-effective digital cross-border payment solutions for individuals and businesses across 55+ countries, has announced a partnership with First Data (NYSE: FDC), a global leader in commerce-enabling technology and solutions.

The blockchain startup Exscudo is planning to issue a debit card promising to deliver financial tools that no other banking product in Europe can match even remotely! By reengineering how modern payment systems work and minimizing the number of banks-intermediaries, Exscudo has achieved the ability to provide customers cashback of 0.1% for all payments within Europe and up to 0.2% on all payments outside of European countries.