Today, banks are facing many challenges, not just high fees and lack of transparency, but competition from emerging fintech companies who are entering the market with modern applications and innovative solutions. With the industry going through a digital transformation, it’s crucial for banks to be more agile with their corporate payments solutions or risk being disrupted.

Today at Sibos and Money 2020, Finastra revealed its instant payments offering in the cloud for small and mid-sized banks. The Fusion Global PAYplus packaged solution will enable tier three and four financial institutions in the EU and US to access the benefits that the cloud delivers, without the cost and on-premise infrastructure requirements that may previously have been a barrier to entry.

Emailage, the global leader in online fraud prevention and email risk assessment, has launched its cutting-edge RapidRisk Score fraud detection solution, purpose-built to create lightning-fast risk analysis for payment processors, card issuers and merchants on every transaction.

Appsbroker, one of Google's largest European Premier Cloud Partners, today announced the launch of Appsbroker Cloud Data, the first native Google Cloud market data platform.

Appsbroker Cloud Data delivers buy-side and sell-side firms greater flexibility in accessing market data at a lower cost compared to existing offerings, removing the dependencies on legacy market data infrastructure and proprietary distribution technology.

CGI (TSX: GIB.A) is pleased to announce the launch of CGI HotScan360—an enhanced version of its industry-leading HotScan solution. The increasing sophistication of financial crime, a sharper focus on money laundering by regulators, and heightened security concerns across the banking industry are driving the demand for more advanced anti-financial crime tools. CGI HotScan360 meets this demand by delivering integrated, intelligent and real time anti-money laundering, customer due diligence and fraud detection capabilities.

Société Générale has announced France’s first biometric payment card trial, in collaboration with IDEMIA. The card will be based on IDEMIA’s F.CODE technology, which features Fingerprints’ T-Shape™ fingerprint sensor module.

SWIFT today announces the introduction of Payment Controls, an intelligent new in-network solution to combat fraudulent payments, and to help strengthen its customers’ existing security.

The commercial availability of the service marks an important milestone in SWIFT’s Customer Security Programme (CSP) – a community initiative launched in 2016 that has increased security and trust across the global financial community.  

Moneynetint, UK based electronic e-money institution which provides cross-border money transfers and currency exchange for corporate clients around the world, announced that it had completed the integration phase with Ripple, which offers blockchain solutions for payments.

SWIFT has today published a blueprint for common API standards following collaboration with European banking standards bodies, STET and Berlin Group NextGenPSD2 – who together represent many of the region’s banks and payment service providers. 

As pressure from regulators and customers shift banking towards more open access to financial services, SWIFT is playing a lead role in unlocking the potential of API technology by providing the neutral collaboration platform to develop the common data standards the industry needs.

 Moven Enterprise, the smart-banking solutions division of Movencorp, Inc, today announced that it has expanded its footprint globally to help banks deepen their digital customer engagement and drive new revenue streams while significantly reducing attrition and acquisition costs.