Governor of the State Bank of Vietnam (SBV) signed Decision No.328/QĐ-NHNN to establish SBV Steering Committee on Financial Technology (Steering Committee on Fintech).

The SBV Steering Committee on Fintech is led by Deputy Governor Nguyen Kim Anh and Deputy Director of SBV Payment Department Nghiem Thanh Son has been assigned as Vice Chairman of the Committee.

FIME is amongst the first to secure the accreditation within India, enhancing local support for EMV certification 

FIME, the leading consultancy, testing and certification specialist, today announces its Indian laboratory is one of the first in the country to receive EMVCo accreditation to perform EMV®* Level 2 Contact certification testing. Local terminal manufacturers and kernel developers can now validate the compliance of their solutions within India, reducing certification time and costs.

There was an interesting article in The Independent last week about the big banks becoming bigger since the financial crisis hit.  The article notes that the big American banks control 70% of all US assets, and that this figure has increased 40% since 200

Nevis Technologies today announced that it will deliver its smart ticketing solutions to Lothian Buses, the UK’s largest publicly owned bus company.

MoneyGram (MGI) announced today that its board of directors, after consultation with its outside legal and financial advisors, has determined that the unsolicited proposal received on March 14, 2017 from Euronet Worldwide, Inc. ("Euronet") (EEFT) to acquire all of the outstanding shares of MoneyGram Common Stock and Preferred Stock for $15.20 per share in cash on an as-converted basis (the "Euronet Proposal") could reasonably be expected to result in a "Company Superior Proposal" as defined in MoneyGram's merger agreement with Ant Financial Services Group ("Ant Financial").

On April 19, Moscow will host a session dedicated to the application of blockchain technologies in the banking sector within annual Blockchain&Bitcoin Conference Russia. It will engage representatives of Sberbank, Alfa Bank and other companies, actively implementing blockchain in business processes.  

Why Russian bankers are interested in blockchain

Synchrony Financial, a premier consumer financial services company, today announced that it has acquired GPShopper, an innovative developer of mobile apps that offer retailers and brands a full suite of commerce, engagement and analytic tools. Financial terms of the transaction were not disclosed and it is not expected to have a material impact on financial results.

New research held by the FSN Modern Finance Forum, titled “The Future of Financial Reporting Survey 2017”, suggests that the financial reporting process is teetering under the strain of new information demands, a spreadsheet-spiral, a fragile reporting ecosystem and consequent problems in boardroom. ClusterSeven, the leading global supplier of strategic spreadsheet and end-user computing (EUC) management software, has partnered with FSN on this report.