SWIFT today announces that a group of banks are to trial instant gpi cross-border payments in Europe using the TARGET Instant Payments Settlement (TIPS) platform.

The European Central Bank (ECB) and SWIFT have launched this initiative to extend the reach of instant cross-border payments deeper into the European market by enabling gpi in the TIPS system. Banks will carry the cross-border legs of the payments, which they will then settle through TIPS, allowing for instant crediting of accounts at ultimate beneficiary banks across Europe.

iSignthis Ltd (“the Company”), is pleased to announce that effective today, Dr George Theocharides has been appointed to the board of its subsidiary, iSignthis eMoney Ltd, following regulatory approval as a ‘fit and proper’ person under the European

Central Bank requirements.

 Abacus Group, a global provider of IT services for alternative investment firms, today announced it has launched a new third-party patch management feature for its AbacusFLEXä IT-as-a-Service clients, as well as enhanced compliance reporting within the Abacus Client Portal. Abacus continues to invest heavily in its premium service, technology solutions, cybersecurity and R&D to meet the unique and stringent compliance requirements for investment firms.

Elatos is the first blockchain-driven smart web with security and trust. It was created by the founder Rong Chen, the co-founder Feng Han as well as Bitman cofounder Jihan Wu and NEO founder Hongfei Da. The project of Elastos has been established for 20 years and has received nearly 200 million investments from Foxconn. Comparingto other blockchain projects, Elastos has strong technical advantages on all its infrastructures that include Elastos Blockchain, Elastos Carrier, Elastos Runtime, and Elastos Services.

Today ahead of its FusionONE developer conference, co-hosted with Microsoft, Finastra unveiled the latest developments to its FusionFabric.cloud open platform for innovation.

Undoubtedly, there has been no greater change to the way we interact with money than technology. The digitisation of services has opened the door to challenger firms; Fintechs have been upsetting the status quo by offering innovative products and services to address the needs of the modern consumer.

China’s ATM numbers continue rapid fall

According to a brand-new report from RBR, Global ATM Market and Forecasts to 2024, ATM numbers dropped in four of the five largest markets in 2018. More than half the world’s ATMs are found in just five countries; of these China, the USA, Japan and Brazil saw a decrease in ATMs, whilst in India, growth slowed considerably.

Equifax, the consumer and business insights expert, has today moved offices to 1 Angel Court, Bank, at the heart of the City of London.

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Transbank, the largest acquirer in Chile and an existing ACI customer, is now taking advantage of ACI’s UP Retail Payments solution to offer differentiated services to businesses, maintain a competitive edge in the market and better comply with local card scheme mandates.

Redwood Bank, which focuses on small and medium-sized businesses in the UK, has become the latest challenger bank to join Flagstone’s cash deposit platform. Flagstone’s SME clients will now be able access to Redwood Bank’s competitive rates with a 1.40% one-year fixed-term deposit account now live on the platform.