Virgin Money has announced its API integration with technology experts Twenty7tec. The partnership will streamline the search and application process for intermediaries by removing the need to re-key data in multiple places.

The integration will be the first of its kind from a top 10 lender. Users can not only apply for a Decision in Principle from Virgin via this integration, but also submit a full mortgage application and make payments without needing to visit the Virgin Money portal.

Railsbank, the leading global open banking platform, today announced the appointment of Louisa Murray as its Chief Operating Officer (COO) for UK and Europe, effective immediately. The announcement follows the recent appointments of Dov Marmor as COO for North America and Justin Xiao as COO for Southeast Asia.

Larsen & Toubro Infotech (LTI), a global technology consulting and digital solutions company, has partnered with Temenos, the banking software company, to launch the Digital Banking Platform, powered by Temenos technology to modernize legacy core banking systems, in the Nordic region. The platform enables financial institutions to be more agile and scalable while reducing operating costs. Banks will also be able to leverage the platform to launch new products and services faster.

Mastercard and its partners, TSYS, a Global Payments company and Extend, today introduced a mobile virtual card solution that enables virtual corporate cards to be easily loaded into a mobile wallet for fast and secure contactless payments. 

A majority of senior fintech professionals say Covid-19 has had a negative impact on the industry, but many are more optimistic about the future now than they were at the start of the pandemic, according to a report released today by research and content agency Pensar Media.

95% of tier 1 and 2 banks plan to invest more in derivatives post-trade operations over the next three years than in the last three, a major study by Acuiti has found.

Almost half of tier 1 and 2 banks are expecting to invest more than $5m over the next three years in long-awaited upgrades to post-trade processing capacity.

Mollie, one of the fastest-growing payment service providers, has revealed insights into the most popular payment methods used this Black Friday. The data, which provides a year-on-year comparison of 2019, shows that payment methods allowing customers to pay flexibly - like ‘pay later’ service Klarna - has more than doubled in 2020. The study spans 101,000 merchants across Europe, primarily from Germany, U.K., France, the Netherlands and Belgium.

As part of the AWS Partner Network Awards 2020, OutSystems, a global leader in modern application development, was named AWS Technology Partner of the Year and AWS Social Impact Partner of the Year - Iberia, Portugal.

Faster service (23%), smaller queues (26%) and longer opening hours (31%) are among customers’ biggest asks of their bank branch, new research from Diebold Nixdorf today reveals. But with 41% consumers saying they would be comfortable to engage with all banking services via an app, it is vital that banks respond to the full spectrum of customer needs - balancing and evolving their offerings on multiple fronts.

The race towards digital transformation has picked up pace during the pandemic. In fact, a new survey by KPMG and Harvey Nash indicates that businesses around the world have spent the equivalent of $15bn extra per week on technology as a result of investment in product development. But how do they measure success? As with everything in a company, product development is by no means immune from metrics.