The Consumer Financial Protection Bureau (CFPB) today took action against two American Express banking subsidiaries for discriminating against consumers in Puerto Rico, the U.S. Virgin Islands, and other U.S. territories by providing them with credit and charge card terms that were inferior to those available in the 50 states. American Express also discriminated against certain consumers with Spanish-language preferences.

Concardis has increased its stake in Cardtech Card & POS Service GmbH to 100 percent of the shares. In 2015, the Eschborn full-service payment provider acquired some 70 percent and thus a majority of the shares in the Cologne-based payments company, and now Cardtech will be fully integrated into the Concardis Group. It will continue to exist as an independent limited liability company under German law and Dr. Dietrich Gottwald and Christof Kohns will continue to be the firm’s managing directors.

The UK financial services sector is in a state of flux. What with the uncertainties around Brexit, a complex and shape-shifting regulatory environment, and the sheer number of challenger banks entering the market, agility is moving to the top of the financial services IT agenda.  

For agility read cloud.

Signed strategic partnership between COSS and Coinfirm to make cryptocurrency more transparent and efficient while establishing higher trading security and opening it up to mass commercial adoption.

USAmeriBank is live on Finastra’s next-generation, hosted payments hub for US domestic and international wire transfers. USAmeriBank selected Finastra’s hosted solution in order to have the flexibility to quickly add new payments rails and services, future-proofing its technology investment, while improving customer service and increasing straight-through processing.

PayByPhone, the global leader in mobile parking payments, today announced that it has appointed Francis Dupuis as President and Chief Executive Officer effective August 23rd, 2017. Kush Parikh, former President and CEO, has stepped down from the role after his successful 3.5-year term with the business. During his time at PayByPhone, Kush led the business to profitability, established a strong focus on end customers and was pivotal in its ground-breaking sale to Volkswagen Financial Services. 

Trifacta, the global leader in data wrangling, today announced that Deutsche Börse AG (DB1Gn.DE), one of the world’s largest market infrastructure providers, has implemented Trifacta Wrangler Enterprise to accelerate the preparation of granular and complex data for new insights and data products.

Temenos (SIX: TEMN), the software specialist for banking and finance, today announces that Federacion Nacional de Cooperativas de Ahorro y Credito (FENACOAC) has selected Temenos’ RetailSuite to drive growth across their 25 cooperatives that operate under the brand MICOOPE. Temenos’ award-winning core banking platform will enable digitalization and reduce the cost of operation, with its open and flexible technology, and its integrated solutions for business intelligence, financial crime mitigation, anti-money laundering, and channels.

Financial IT: First of all, we would like to thank you for this interview. Could you please tell us more about collectAI and your background?