From today, customers of Veneto Banca and its subsidiary Banca Apulia have at their disposal a new “Person to Person” (P2P) payments service that is secure, simple and extremely fast - “Jiffy” - a word which refers to the unit of measurement corresponding to the time it takes for light to travel one centimeter.

 Československá obchodní banka (ČSOB), a leading Czech bank, has chosen Wolters Kluwer’s OneSumX software to support its Treasury department.

Visa announced an agreement to acquire CardinalCommerce, an industry leader in e-commerce payment authentication. The acquisition will enable more secure, seamless payments, whether made through a browser, mobile app, or connected device, and will help Visa’s clients and merchant partners accelerate digital commerce.

 EQT VII to acquire Norway based AutoStore – a unique automated storage and retrieval system with more than 130 installations to date in 22 countries

The company has experienced an annual topline growth of ~50% and an annual EBITDA growth of ~80% since 2013.

EQT will support AutoStore in continuing its growth trajectory through further expansion internationally and through continued high focus on R&D and technology leadership

Moneyfarm, the digital wealth manager, has today announced the appointment of a Chief Investment Officer and Chief Financial Officer. Following expansion across European savings and investment markets Moneyfarm’s industry leading team has more than doubled in 2016, with these two key hires  brought on to support continued growth of the company and innovation of its consumer offering.

Financial IT Speaks with Fintech Startups at Startupbootcamp London 2016 Demo Day

Banks and financial services have always had a voracious appetite for data. They have a finger on the pulse of company balance sheets, interest rates, money supply, exchange rates, inflation rates, stock market movements, bond yields, customer transactions…you name it, they are tracking it. But most of their data management and analytical systems have historically been geared for daily, weekly, monthly and yearly trend analysis and forecasting. What they need today is real time customer visibility and response based on a continuous and growing stream of rich data.

Apple Pay, Android Pay and Samsung Pay have certainly increased awareness of mobile payments in the US – but the number of connected consumers actually paying this way is small indeed.

As we have seen with numerous other technologies, the consumer adoption process is multi-stage, as mainstream buyers become familiar with an idea, decide that they might be interested, and finally come to feel that they cannot live without it.

The idea of merging or eliminating, one of the worlds oldest “technologies”, cash, to one of the worlds newest technologies, the smartphone, is super intriguing. But, beyond that, looking into the merging role of cash into any ubiquitous device is even more exhilarating.

Why?

Let’s look at facts when it comes to payments: