The European Central Bank has welcomed an initiative by some of Europe's top banks to explore the development of a rival payment system to challenge the dominance of Visa and Mastercard and the threat from Chinese and US Big Tech firms

Alchemy Global Payment Solutions Limited ("Alchemy"), a global cryptocurrency payment pioneer that powers businesses with Asia's first hybrid cryptocurrency and fiat payment solutions ("Hybrid Payment Solution"), has partnered with Tokyo-based ACD Inc. (a Joint-Venture Group Company of ANA Holdings, TSE:9202) ("ACD"), a company that provides cross-border e-commerce and global air cargo delivery, logistic services in Japan, to enable ACD tokens at both online and offline merchant networks of ACD and QFPay in Japan and across Asia.

 Wolters Kluwer’s Compliance Solutions business has launched Online Applications for Consumer Lending (CLA), a digital offering that enhances the online loan origination capabilities of U.S. community banks and credit unions. CLA allows consumers to begin a loan application from any digital device, at any time. It integrates seamlessly with Wolters Kluwer’s ComplianceOne® solution, an industry-leading loan documentation and processing system that helps lenders optimize their lending and document preparation processes in a secure, fast and cost-effective manner.

London-based Regtech firm Napier, specialists in AI for compliance and AML, announced today that it has been recognised in the 2020 edition of the annual RegTech 100 list of the world’s most innovative RegTech companies.

The RegTech 100 list acknowledges companies for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the compliance function.

Financial IT chatted with Ralph Dangelmaier, CEO of BlueSnap about the company, challenges and trends of the industry.

Financial IT: Just to start off we would love to hear about BlueSnap and your career path that brought you to joining the BlueSnap?

Therese Tucker, CEO and founder of BlackLine, Inc. (Nasdaq: BL), was named ‘Entrepreneur of the Year’ at the 16^th Annual Stevie Awards for Women in Business held earlier this month in New York City.  

Cardpay – global fintech provider and fast-growing payment processor is expanding into the eCommerce market of Mexico. Providing its payment solution to millions of unbanked customers and eCommerce businesses alike. Through Cardpay, businesses can take payments using local payment methods commonly accepted by popular retailers like Walmart, 7eleven, Superama and Extra.

Credit Suisse announces the internal launch of AccessFintech’s trading exception management solution.

Following a successful pilot, Credit Suisse has gone live with AccessFintech’s Global Exception Network, taking an important step towards streamlining exception management resolution across the Prime Brokerage industry. The new technology will reduce the time needed to resolve exceptions and help clear bottlenecks that could prevent trade settlements. It will promote better client servicing, minimize sanctions and reduce costs for all parties.

The French Fintech Particeep has closed a Venture Loan funding agreement with La Banque Wormser Frères. This innovative funding brings the amount raised by the FinTech since its inception to 2.5 million euros and will enable it to strengthen its business development in France and abroad as well as its efforts in research and development.