CIMB Group today announced the coming appointment of Olivier Crespin as the Chief FinTech Officer for its newly set-up unit, CIMB FinTech, which is a standalone unit that will actively explore new, innovative banking solutions.

Profile Software, an international financial solutions provider, today announced the latest upgrade in the FMS.next Alternative Finance platform, to offer enhanced capabilities for “Auto-investing” that further boost the marketplace lending processes.

B2 Payment Solutions Inc. (B2), an organization providing products and services for the payment industry, announced today the launch of a newly-redesigned website. Whether organizations want to easily order products online via the new eCommerce site, learn more about electronic payments with eLearning modules, or easily access the customer portal to download updates on current products, B2’s new website now offers all of this in one place.

Writing more and more about chatbots, robots and AI, I can see a day coming in the not too distant future where we won’t be able to tell the difference between the human and the machine.  That’s not scary science fiction, as it’s now almost science fact.  However, there is still a long way to go as demonstrated by IBM’s Watson Avatar.

Adyen, the technology company reinventing payments for the global economy, today disclosed 2016 revenue for the business surpassed $700 million, up from $365 million in 2015. The news follows Adyen’s previous disclosure that it processed $90 billion in transactions in 2016, a year-over-year increase of 80 percent. With $727 million in revenue and 500 employees at the end of 2016, Adyen is bringing in over $1.4 million in revenue per employee.

Recently, I wrote that smaller blockchain consortia are needed (see my Blog: Towards smaller and more focused blockchain consortia, 27 February 2017). The Hyperledger Project however may be the exception.

Fintech start-up Zeta, which offers digital employee benefits for tax optimisation, has tied up with National Payments Corporation of India (NPCI) payment platform - RuPay. The partnership will widen Zeta’s payment network and push for a more inclusive adoption of digital payments in corporate India. This collaboration makes Zeta’s meal voucher solution the first ever such solution to run on Government of India endorsed RuPay platform. 

As a leading provider of payment solutions and internet technology, Wirecard is now collaborating with National Bank of Greece (NBG) and is integrating Alipay into the technical infrastructure of Greece largest bank as a new payment method.  

ICS Financial Systems (ICSFS) the global software and services provider for banks and financial institutions, participated at its multiple award winning Islamic banking software, ICS BANKS ISLAMIC, at Sub‐Saharan Africa Islamic Finance Convention,held in Uganda at the Sheraton Kampala Hotel on the 6th of April 2017.

Aegon is to collaborate with core banking engine provider Ohpen to develop a new platform for use throughout the full scope of Aegon’s Dutch services. The financial services provider will use the platform for multiple labels, including Knab, for the administration and distribution of its savings, pension and investment products. Ohpen’s core banking platform will enable Aegon to offer its products, for which it is a market leader, in a future-proof manner.

Infrastructure of the future