Volante Technologies Inc., a global leader in the provision of software for the integration, processing and orchestration of financial messages and payments, today announced it has been chosen by Finexus to provide the key MT to MX message transformations in complex multi-currency Real-time Gross Settlement (RTGS) System implementations.  Finexus is a Malaysian-HQ and Asia Pacific region-based digital payment solutions and services provider.  

Ripple, the global provider of financial settlement solutions, today announced that a number of global banks are joining forces to establish the first interbank group for global payments based on distributed financial technology. Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation, and Royal Bank of Canada are the founding members of the organization, known as the Global Payments Steering Group (GPSG).

eWise, leading provider of financial data aggregation and money management solutions, has launched its new financial transaction Categorisation-as-a-Service API (CaaS) for Financial Institutions and Fintechs.

Through crowd-sourced data augmented with artificial intelligence, Caas  enables customers and end-users to utilise personal financial management and behaviour analytics tools to manage spending patterns and savings goals.     

Research conducted by SIX Securities Services has revealed that as financial institutions become increasingly capital constrained, almost a third (32%) are looking to outsourcing as a way to reduce costs. The research, conducted amongst global and domestic systemically important banks and clearing houses reveals that competitive pressure from disruptive business models is considered the second most significant driver for outsourcing.

 MHR Analytics, the leading provider of business analytics solutions today announces the launch of their new Financial Workforce Planning (FWP) solution which has been created in partnership with Rotherham Metropolitan Borough Council. The council has forecast that the new system will save staff 264 days, which were previously spent on setting pay budgets, preparing management information and monitoring performance against forecasts.

Standard Chartered has announced the completion of the first real-time cross-border payment for businesses with another major correspondent bank in the Bank’s latest step to leverage distributed ledger technology for its clients as part of the recently launched ‘Banking the ecosystem’ strategy. 

Typically taking up to two days for businesses to make cross-border funds transfers, the pilot which leveraged Ripple’s enterprise blockchain solutions saw the cross-border payment being completed in less than 10 seconds with full transparency of fees and FX.

Regulatory SaaS technology leader Opus announced today that Alacra, its KYC and reference data management platform, has published the most accessible reference tool available for keeping up to speed with the complex world of financial regulation, regulators and compliance. Alacra’s Periodic Table of Bank regulation & compliance enables market participants to make sense of this increasingly-complex world. The table, which is free, combines the simplicity of a click-and-show interface with the depth and breadth of information on all global compliance-related regulations.

BNP Paribas Investment Partners announces the launch of its first multi asset income fund focusing on emerging markets.

Parvest Multi-Asset Income Emerging is a sub-fund of Parvest UCITS V SICAV, an open-ended investment company incorporated under Luxembourg law. The fund has been launched in response to demand from clients who are looking for alternative sources of income and wish to increase their emerging market exposure in line with emerging markets’ growing share of global economic output.

KashFlow, part of IRIS Software, is today announcing a partnership with fintech business lender iwoca.

The partnership will offer KashFlow customers access to finance from within their account so they can cover unexpected costs, such as overdue invoices or large bills.

iwoca’s credit facilities are designed with small businesses in mind, as it understands the difficulties SMEs face when cash flow gaps appear.

To combat such issues, KashFlow customers can now gain access to iwoca through KashFlow apps page and plans are in place to extend the integration.

 Form³ Financial Cloud has today launched at Sibos, providing leading edge cloud technologies for financial institutions through a SaaS delivery model. Form³ delivers comprehensive payment and core banking solutions, accessed through a single API and integration platform, ready to use on a pay as you go basis.