Payment Data Systems (PYDS), an integrated electronic payment solutions provider, today announced that it has entered into a non-binding Letter of Intent to acquire Singular Payments, LLC (“Singular”).

Rival Systems (Rival), an award-winning provider of trading and risk management software, and Algo-Logic Systems, a leading FPGA ultra-low latency trading solutions provider, announced today that they have teamed up to develop an integrated offering using Algo-Logic’s FPGA hardware and Rival’s trading and algorithmic strategy development software.

The World Bank (International Bank for Reconstruction and Development, IBRD) has issued bonds that for the first time directly link returns to the performance of companies advancing global development priorities set out in the Sustainable Development Goals, including gender equality, health and sustainable infrastructure.

Today, Market EarlyBird, a UK fintech company that provides a read-only Twitter service for use on trading and research floors, has added new features to the platform to help investment banks and hedge funds track key Brexit and European Election news on the social media platform.  

AxiomSL, the leading global provider of regulatory reporting and risk management solutions, announced today that Banco Sabadell has chosen AxiomSL’s strategic platform to automate its regulatory reporting.

The platform will be implemented at Banco Sabadell’s headquarters in Barcelona and is the bank’s second project with AxiomSL, having also used AxiomSL for its UK arm, TSB. 

The Monetary Authority of Singapore (MAS) grants approval for Siemens Bank GmbH Singapore Branch to operate as a merchant bank in Singapore. The new branch will cover financing activities for the Asia-Australia region. In addition to its main pillar, the loan and guarantee business, the branch will also provide selected finance advisory services for the Siemens group companies in Asia-Australia.

Today Vista Equity Partners announced that it has signed a definitive agreement to acquire D+H, the largest Canadian-based software provider of lending, payments and financial solutions and intends to merge it with Misys, the global software leader for retail and corporate banking, lending, treasury and capital markets, investment management and enterprise risk.

In a new report, ‘The start-up view: a year in FinTech’,Startupbootcamp and PwC analyse application data from Startupbootcamp’s FinTech accelerator programme as well as the volume of deals in the UK FinTech market in 2016. Working alongside startups and financial services companies, they have seen a big change in culture over the past year and a shift towards a better understanding of artificial intelligence and its potential to solve customer problems. 

Artificial intelligence

National Bank of Abu Dhabi (NBAD) Egypt intends to provide an omnichannel experience for their customers. In conjunction with it, NBAD Egypt launches next generation of internet banking powered by CR2’s BankWorld Internet platform as of 12 March 2017. The bank will release soon Mobile App, provided also by CR2. 

Financial IT had an inspiring interview with Alberto Dalmasso, Founder & CEO of Satispay about industrial changes and the way Satispay differentiates itself in today's marketplace. 

Finacial IT: Hi Alberto, first of all thanks for this interview. Can you tell us briefly about Satispay and your background?