Outside of the main financial services realm, a multi-billion-dollar global virtual currencies market has rapidly evolved and continues to gather pace. But, whilst virtual currencies have been ‘on the list’ of banks for some years, to date most have taken a hands-off approach.

This is now changing. Some of the larger financial institutions are beginning to formalize their positions. And, thanks to a combination of factors, now is a good time for banks everywhere to follow suit and move the strategic evaluation of this market higher up the priority list.

RISK IDENT has been named “Best Fraud Prevention Company” at the 2019 FinTech Breakthrough Awards, marking a second consecutive win for the leading European anti-fraud company.

The 2019 awards program, which recognizes the leading technologies, companies and products in the global FinTech industry, attracted a record-breaking 3,500+ nominations from across the globe.

Top Image Systems Ltd.

NS&I has today (4 April 2019) confirmed that it is exercising the option to extend its operational services contract with Atos by an additional three years, following the end of the principal contract period from 2014-2021. The contract extension was signed on 28 March 2019 and means that the relationship between NS&I and Atos will continue until 2024.

Banco Consorcio has successfully launched a credit card business with Nexus, the major processor in Chile. The Nexus platform is built on WAY4, a top-ranked digital payments software provided by OpenWay. 
 

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announced another step has been taken in the unfolding evolution of the Treasury marketplace.

 PXP Financial, global experts in acquiring solutions, today announces the appointment of Jonathan Bell as Chief Financial Officer.

Over the past few months, I've shared my thoughts about the evolving space of electronic flow in derivatives. But the idea I've not explored relates to how we as an industry providing services to buy side clients actually go about making this change. And in particular, addressing the elephant in the room: why the buy side need to recognize that this marks a change to the service they’ve grown up calling electronic.

Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses, enterprises and their investors, has today announced Erin Platts as Head of EMEA and President of Silicon Valley Bank’s UK Branch.

Platts’ appointment was approved by the FCA today. She replaces Phil Cox, who has taken the Chief Operating Officer role with the parent company, SVB Financial Group, at its headquarters in Santa Clara, California. Simon Bumfrey will take over Platt’s previous role, Head of Relationship Banking, Europe. 

DoshEx, the South African Digital Asset Exchange, and global blockchain-based payment pioneer Pundi X, today announced a strategic partnership to bring cryptocurrency  to high street retailers and local consumers.

In a first for South Africa’s retail market, XPOS, the Pundi X blockchain-based point-of-sale devices and XPASS cards for cryptocurrency transactions are to be deployed at selected sites across South Africa in a co-branded roll-out with DoshEx.