The Netherlands Authority for the Financial Markets (AFM) today announced that it is fining International Card Services (ICS), a wholly-owned subsidiary of ABN AMRO, for excessive credit limits. 

Blockchain-based banking startup BABB has today announced the appointment of blockchain heavyweight Dr. Anish Mohammed, who has joined the team as CTO & CSO to spearhead the launch of the world’s first blockchain-based bank account.

IHS Markit, a world leader in critical information, analytics and solutions, today announced that Park Square Capital (“Park Square”), one of Europe’s leading independent credit providers, has gone live on its order management and portfolio modelling system, thinkFolio.

The world’s appetite for open source software is voracious.

In the last year, businesses around the globe significantly increased their use of open source and although they readily acknowledge growing concerns about open source-related security and operational risks, the effective management of open source is not keeping pace with the increase in use.

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that InterPost, a long established wholesaler for international mail and the e-Commerce parcel industry, has improved the efficiency of its customs clearance service using the Descartes e-Customs(TM) solution.

Last year global merger and acquisition (M&A) activity reached record highs, accounting for nearly $4 trillion in announced volumes. Cross-border M&As made up a significant chunk of this activity, 36 percent – up from 31 percent in 2015.

But, despite the high volumes of M&As, most continue to lack an essential ingredient to maximize profits: currency analytics.

The General Data Protection Regulation (GDPR) narrative may often be framed around security breaches, but this headline-grabbing angle perhaps overlooks the new legislation’s broader role as a catalyst to support the digital transformation agenda at many organisations.

If a digital or mobile wallet is about turning a mobile phone into a payment card, then the technology giants have already won. The harsh reality is that the banks, in collaboration with mobile operators, had their chance and blew it. Banks actively encouraged consumers to use Apple and Android; this issuer effect has been compounded by merchants, PSPs and acquirers, all of whom proactively included Apple Pay and Android Pay in their marketing as part of a short-term, gimmick fuelled race to attract early adopters.

Hong Kong will host its second annual Hong Kong Fintech Week from 23 to 27 October 2017 at the Hong Kong Convention and Exhibition Centre to accommodate an expanded programme of events and activities that will highlight the distinctive and dynamic qualities the city offers the global Fintech community. 

This year, Hong Kong Fintech Week will be the first of a series of three consecutive weeks of Fintech activities in Hong Kong to be attended by regulators, entrepreneurs, investors, start-ups, academics and service providers from Hong Kong and around the world.