Fenergo, a leading provider of digital Client Lifecycle Management (CLM) solutions for financial institutions, today announces the launch of Digital Client Orchestration, a suite of CLM tools that integrates front, middle and back office systems using an API-led approach.

CULedger has expanded its partnership with enterprise software firm R3 to further support domestic and cross-border payments for credit unions, also known as financial cooperatives, worldwide, on the Corda blockchain platform. Corda will serve as the underlying basis for CULedger’s new electronic funds transfer (EFT) product, CU Pay.

Finantix, the global provider of digital enabling software for the banking, wealth management and insurance sectors, is delighted to announce the appointment of Tim Wood as Chief Financial Officer. Wood is the latest in a series of senior appointments by Finantix to support and engineer its continued expansion across the European, Asian and North American markets.

 Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in Bahrain, has officially announced its readiness for open banking services today, making it the first bank in Bahrain and the MENA to be fully compliant with the CBB’s directives.

FSS (Financial Software and Systems), a global payments technology company, today, released a report titled – India Payment Trends 2018, that highlights key Indian consumer payment trends in 2018 and analyzes their spending habits and patterns.  FSS Payment Gateway processed 58% of India’s e-commerce transaction value amounting to USD 32.7 Billion.

The key highlights from the report include:

The Swedish company, Cyclebit, has signed a global partnership agreement with Tangem. Tangem smart note holders will soon be able to use their crypto for retail payments through more than 200,000 POS terminals within Cyclebit network.

The terms of the agreement will simplify purchase of  Tangem notes for individuals, and reload crypto into Tangem notes via the Cyclebit payment terminals and network. This will lead to a global increase in crypto usage.

According to a survey of industry leaders, ‘Utilizing technology to perform day-to-day finance processes’ was rated as the top challengeof the year (SSON, 2019). As organizations begin to realize the value-driving potential of technology, the extent to which finance leaders prioritize this will determine whether their organization will gain or lose its competitive edge.

Banks no longer want merely to comply; they want to compete and win. Due to the post-crisis reporting obligations mandated by regulators globally, financial institutions have spent the past decade investing in improvements to their regulatory data management and reporting processes. Banks are discovering that this data represents a kind of raw material that can be used to add value to their core banking activities, and that now is the time to leverage it.

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has released research showing that the vast majority of banks active in Singapore are still in the data gap analysis stage of preparing for upcoming regulations MAS 610 / 1003 - with 76% of banks surveyed stating that they still in the preparatory phase.