The Asia Pacific region is a growing hub for innovation in global financial services, driven by initiatives such as Singapore's FinTech & Innovation Group (FTIG). Mobile banking and payments are growing considerably worldwide, but analysts predict the most significant impacts are occurring in Asia, which is frequently a test market for new technology. Fiserv has worked with a number of forward-thinking financial institutions on innovations including Bangkok Bank's Bualuang mBanking service and Westpac's new omnichannel banking experience.

 Ivalua, a leading global spend management solutions provider, today announced a series of new products and new customers to a record audience of procurement and technology executives at Ivalua On Air, the company’s global cinema-themed customer and partner event in Paris.
 
Attendees gathered in the world famous Lido Cabaret to hear speakers from Whirlpool, Credit Agricole, Covea and FNAC, among others, share insights and advice about spend management best practices and to learn about new products and features in Ivalua’s cloud-based suite of spend management solutions.

 Appsters Awards 2015,

As payment channels evolve, not only do Financial Institutions (FIs) continue to fight the growing threat of electronic payments fraud, they also face a growing variation of fraud techniques across multiple channels. New mobile payment systems, such as Apple Pay, provide consumers with extreme convenience by allowing them to pay retailers directly with their phones, but they also open banks up to a new channel of fraud exposure from which they have to protect customers.

Faced with an increasingly vigilant regulatory climate, financial services organisations are having to prepare for the continued growth of data alongside these pressures. Many governments across the globe are stepping up their investigations into enterprise activities. The European Union has been no exception, and in fact, has become more aggressive in its enforcement posture.

 Innotribe announces today that Hyperledger has won the 2015 Innotribe Startup Challenge, which includes a cash prize of USD 50,000. Hyperledger is a distributed ledger platform tailored for regulated financial institutions to eliminate reconciliation costs, prevent trade breaks and reduce settlement times and risk.

Oracle today announced its membership of standards organizations IFX Forum and BIAN. Oracle has been a leader in the creation and support of open standards to enable systems and technology to work together, providing both efficiency and choice to our customers. These new memberships extend Oracle’s commitment and contributions to international and national standards.

Today’s financial services companies and fintechs are challenged by increasing complexity in pricing, billing and invoicing, as well as more intricate & dynamic structures for pricing and evolving regulations. To help these organizations deliver better price execution, improve operations and meet revenue goals, Oracle has announced Oracle Financial Services Revenue Management and Billing Analytics to deliver valuable insights into all areas of the business.

Simudyne, the developer of Providence, the revolutionary simulation platform-as-a-service (PaaS), today announced the appointment of Dr. Steve Keen to its Advisory Board. Dr. Keen, the famous post-Keynesian economist, author and founder of the Minsky simulation software project is one of the few who predicted the financial crisis of 2007–08. 

Leading UK-based adviser management software firm Intelliflo has revealed plans to provide advisers with a simplified advice service. The capability, which will be embedded in its existing Personal Finance Portal (PFP), will enable advisers to service a broad base of clients, regardless of the size of their assets.