Leading payments provider, Klarna, has announced a major expansion of its existing partnership with online fashion powerhouse boohoo group to include the US and UK. From today, US online shoppers at boohoo group’s four brands — boohoo, boohooMAN, PrettyLittleThing and Nasty Gal — can benefit from Klarna’s flexible Pay in 4 payment option.

Later this year, UK customers will have access to Klarna’s Pay in 3, ensuring they can buy their favourite clothes, shoes, accessories and beauty products in interest and fee-free instalments. 

The financial sector is at the forefront of digital innovation with disruption taking place at every level.

New technologies, increasing competition and ever-growing consumer expectations have resulted in a turbulent financial landscape, bringing both challenge and opportunity.

The Banking Transformation Summit 2019 brings together key players from across the finance and banking industry, showcasing the latest innovations, unlocking the potential of new technologies and offering unparalleled networking opportunities.

Digital Innovation is revolutionising accounting and financial management. With new technology such as Cloud accounting, and a plethora of cutting-edge applications, software and services, accounting processes are being streamlined and are becoming more efficient. These world-class financial solutions are low-cost, scalable and mobile -- available to not only large enterprises with big budgets, but SMEs as well.

SIA and AVM Holding (Azienda Veneziana della Mobilità – the Venice public transport company) have signed an agreement to create an innovative digital platform that will allow residents and tourists to buy tickets using payment cards and smartphones, also in contactless mode, on board the “vaporetto” boats where the crew will be equipped with 650 Android SmartPOS terminals. (VIDEO) 

Finastra announced today that it has launched a tailored, Securities Financing Transaction Regulation (SFTR) reporting tool that will help banks prepare for the April 2020 deadline. Built on Finastra’s existing Regulatory Reporting solution and based in the cloud, it meets banks’ need for fast, automated trade reporting, and will help them reduce time and costs associated with data capture and compliance.

 AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, together with OpenFin, the operating syste

As more and more banks open their APIs before the September 14 deadline, Salt Edge has added another one hundred to the list of its connected open banking APIs in the EU, making it 400+ integrations.

 Fenergo, the leading provider of digital Client Lifecycle Management solutions (CLM) for financial institutions, has appointed Louise O’Connell to the newly created role of Chief Customer Officer. The new role is aligned with Fenergo’s strategic goal to become even more client centric and was created to establish a cohesive support function for its growing client base.

CoinCorner’s CEO, Danny Scott, commented:                                     

“The Bitcoin Lightning Network is such an amazing and innovative step forward for the development of Bitcoin, making it useful for every day payments at mass scale.

Lightning is a new piece of Layer 2 technology sat on top of Bitcoin. It’s only been running on a live environment for the last 18 months and is still in beta stages, meaning that bugs and exploits are to be expected - people shouldn’t be scared by these issues being found at the early stages. 

To support India’s EMV® migration, FIME is launching the country’s first Level 1 contactless testing laboratory and certification services. Payment terminal manufacturers will benefit from local support for their EMV projects, optimizing time to market and costs.