Data and analytics are central to how modern organisations and governments take decisions and execute plans. Online retailers, companies, governments and tech giants are investing millions in ramping up their ability to collect and analyse data. 

In these unprecedented times, when companies are struggling to adapt, it becomes all the more important to use data-driven models for decision-making. 

Banco Santander today announced the launch of PagoFX, a low-cost international money transfer service, in the UK. This new service, available via a mobile app, allows UK residents with a debit card issued by any UK bank or financial entity to seamlessly and quickly send money abroad from their smartphone with low costs, bank-level security and customer support via in-app chat, web and e-mail. In light of the ongoing coronavirus pandemic,PagoFX will allow customersto use the service to transfer money abroad without any fees at all for the next two months.

Auriga, a leading supplier of technological solutions for the omnichannel banking and payments industries, announces the acquisition of Lookwise Device Manager (LDM), a modular security platform and cybersecurity business unit from S21sec, a leading European managed security services player. S21sec is part of Sonae IM’s portfolio, a corporate venture capital firm investing in cybersecurity, retail and telecommunications technology companies.

Asset Control, the leading provider of proven, cloud-based data management for financial data analytics and data quality, is pleased to announce that it has hired Daniel Kennedy as its new Head of Sales (Asia Pacific) to accelerate growth in the region.

Prior to joining Asset Control, Daniel served as VP – Head of Sales – Global Trading, Buyside & Post Trade at FIS. Daniel led the commercial team responsible for FIS' buyside and sellside solutions business across South East Asia and Australia. Kennedy will be based in Asset Control’s Singapore office.  

As financial portfolios become more complex, financial trusts are becoming increasingly common, because they can be shaped to serve a variety of purposes. Trusts are routinely used as tools for gifting, asset management, inheritance tax planning and protection from creditors. They can be established whilst those involved are living, or can be included in a will to be established after death. But what happens in divorce?

Due to provisions in the recently enacted CARES Act, financial services organizations are facing an unprecedented influx of loan applications and the need to expedite Know-Your-Customer (KYC) operations and procedures, which are often manual and time consuming.

Appian today announced an application built on its Low-Code Automation Platform to support accredited lenders across the UK to manage the Coronavirus Business Interruption Loan Scheme (CBILS) applications from businesses, as well as the anticipated Coronavirus Large Business Interruption Loan Scheme (CLBILS). The new loan application can automate and check eligibility, process and verify required supporting documents, and make lending decisions faster.

Allica Bank – the business bank that seeks to empower small and medium sized businesses – has today announced the launch of its first deposit account, for retail savers.

The FSCS protected accounts will offer a 1.49% rate of interest, fixed for 12 months. Accounts can be opened online and managed through the bank’s internet banking platform and secure messaging service.

Lithuanian EMI SatchelPay has announced a partnership with AMLYZE, a financial crime prevention platform also based out of Lithuania, aimed at proactively dealing with regulatory compliance and improving the online banking platform’s security.

After the Bank of Lithuania moved to resume all of SatchelPay’s services in November of 2019, the fintech firm has shown itself eager to establish a more evolved institutional paradigm, conducive to growth and in tune with industry projections.