ICICI Bank UK PLC has announced the launch of a digital account opening facility that allows customers to open a personal current account instantly using the Bank’s mobile application. The first-of-its-kind service by an Indian bank in the United Kingdom (UK), it enables Non-Resident Indians (holding an Indian or British passport) and expatriate Indians (holding an Indian passport) and moving to the UK for work, to open a current account.

SWIFT is expanding options for customers moving to the cloud, announcing today both an initiative to smooth their migration to large public cloud providers such as Microsoft and Google Cloud, as well as the next generation of SWIFT’s own private cloud platform.

SWIFT already has a proof of concept in place with Microsoft, building on work that started last year with the technology company’s treasury operations establishing a prototype SWIFT connection on Microsoft Azure and the successful testing of payment transactions.

Cyber security provider F-Secure has launched a new consultancy unit bringing the company’s research-led cyber security services to organizations all over the world. F-Secure Consulting’s global team of cyber security consultants use technical research to secure current and emerging technologies, defend organizations from attacks, and drive the cyber security industry forward.

Accuity, the leading provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, announced new enhancements to its account screening and alert management platform, Firco Screening Insight – for accounts, including new data offerings, improved list management capabilities, and integration with third-party case management solutions.

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index, today announced that its Global Asset Servicing Solution is now available on Amazon Web Services, Inc. (AWS) and that a global tier-1 investment bank is in live operation with the solution and another global tier-1 bank is onboarding.

The current wave of AI (Artificial Intelligence) adoption in the private and public sector is predicted to make the job market like a game of musical chairs, as automation creates opportunities while taking other job ‘chairs’ away for good.

This is true in particular in the fast-moving financial services sector - a vital part of the world economy that is battling a tsunami of market pressures that include contending with increased competition from digital outsiders and an endless tightening of the compliance screw.

CGI (TSX: GIB.A)(NYSE: GIB) has been awarded a contract by National Bank of Canada (NBC) to implement All Payments (APS) as its payments hub solution. Under the agreement, NBC will deploy new technology in preparation for its adoption of Payments Canada regulatory changes. The modernized payments ecosystem will increase the bank’s straight-through processing (STP), improveoperational efficiencies and allow more flexibility in the bank’s product offering.

Form3, the leading provider of cloud-native API payments technology today announced the creation of its International Payments Business, a new initiative by Form3 to give financial institutions servicing consumers and SMEs access to low cost payments and FX services, utilising its API technology.