Sarah Rutherford, Senior Marketing Director, FICO looks at how financial services providers need to adapt their fraud platforms to mitigate the new risks associated with Open Banking

Data from a Freedom of Information Request to the FCA has revealed that firms are either transaction reporting incorrectly or not adhering to the MiFIR requirement to monitor their reporting using submission data made available to them by the FCA.

 Fime has been recognized by Mastercard to test solutions in line with the Mastercard’s Enhanced Contactless specifications.

Help available through digital payment solutions can ease transition as COVID-19 support schemes conclude

• Future of Finance Lab will further develop Contour’s product offering and create new standards for global trade

Contour has opened an innovation lab In Singapore where it will collaborate closely with its growing network of banks, corporates and ecosystem partners to research and develop novel, digitally native trade finance solutions.

Leading fintech enablement partner, Ukheshe Technologies has confirmed the establishment of a new joint venture with ForexPeople, one of South Africa’s most trusted names in forex with over 20 years’ experience, to seamlessly facilitate cross border payments from South Africa into Africa.

The insurance sector is not yet at the point where customer experience (CX) has overtaken price or product as the brand differentiator, but it is getting closer. In fact, we may look back at this year as the tipping point when it does.

Smart Engines, an OCR solutions developer, has announced an expansion of Smart Document Engine SDK by adding payment slips as a new document type for its automatic scanning. The integrated solution will help entities reduce the reliance on manual data entry and make payment procedures in several European countries more efficient. The software instantly detects the payment slip while scanning in a video stream and in photos. 

While the pandemic has slowed down the development of neobanks in 2020, it has created strong potential for the segment. Analysts of UnaFinancial revealed that in 2021 the neobanking market will grow by 24% in APAC, and by 50% - in Southeast Asia.

Taulia, the leading fintech provider of working capital solutions, has today announced the appointment of Ali Ansari as Director for Global Supply Chain and Payables Solutions. 

Ansari will be responsible for managing and expanding Taulia’s world-class supply chain and payables solutions globally, with immediate effect. In this newly created role, Ansari will be based in London and report to Kathleen Nugent, Global Head of Product.