The addition of biometric features further enhances the security of strong customer security, which is of crucial importance in a world that is becoming more and more digital. This multi-factor authentication solution allows financial institutions to comply with the Regulatory Technical Standards of PSD2. The updated solution, with biometric technology is also FIDO (Fast Identity Online) compliant.

Payment industry experts have joined forces with SWIFT to step up the drive to move cross-border transactions to the ISO 20022 standard. 
 
In light of multiple planned migrations to ISO 20022 by high-value and instant payments infrastructures, the SWIFT community has agreed to create a common end-to-end implementation that will deliver increased efficiencies, support end-to-end STP, facilitate improved regulatory compliance, enhance the party identification process and enable new business opportunities.  
 

KBC, CBC and KBC Brussels customers who have a Fitbit smartwatch or activity tracker can now use it to pay in shops that accept Maestro and have contactless payment available. The initiative makes KBC the first financial institution in Belgium to offer Fitbit Pay, a fast, secure, free and convenient contactless payment option for customers who lead an active life. 

The launch adds to KBC’s commitment to pioneering new payment methods and follows the bank’s introduction of Google Pay and Garmin Pay. 

Calastone, the largest global funds transaction network, today announces the appointment of David Zwirn as Managing Director, Head of UK & Ireland Sales and Relationship Management.

Continuing my blog series looking at Accenture’s 2019 banking trends, this time I’m exploring how improved adoption of cloud and data analytics will enable banks to raise the bar in the way they deliver retail financial advice.

Temenos (SIX: TEMN), the banking software company, today announced that three Finnish banks contract wins – Savings Banks Group, Oma Savings Bank Plc and POP Bank Group – they have selected Temenos T24 Transact and Temenos Payments Hub (TPH) to underpin their digital transformations.

Affirm, the financial technology company founded by entrepreneur Max Levchin, today reported that it has raised a $300 million series F round of funding in order to provide honest financial products that improve lives.

Atos, a global leader in digital transformation, today reported about the opening of a new customer experience centre and testing lab leveraging Experitest’s Continuous Testing Platform, at the Company’s global development campus in Chennai, India.

Organised by BII World the Financial Innovation Summit launched yesterday at the Hilton Doha.

The two-day event covered over 20 fintech experts explore on the latest trends, developments and emerging technologies in the banking sector in the region.

Trustly is pleased to announce a new partnership with one of Sweden’s leading platforms for online payments, Payson AB. Through the partnership, Trustly’s bank payment solution is now offered in Payson’s checkout, which is used by thousands of Nordic e-commerce merchants.