FSS, the fintech and payments leader has introduced FSS Aadhaar Pay, to support the digital payment initiatives of the Government. It is a 12-digit unique identification number issued by the Indian government to every individual resident of India.  

Today Innovate Finance member Naqoda, financial software solutions and services provider, announced the release of its core banking software. Naqoda’s software will allow existing banks, challenger banks, retail entrants and others to quickly deliver an omnichannel banking experience to their customers and efficiently organise their day-to-day operations.

Growth Street is glad to annunce that the following appointments have been done. Specifically, April Nardulli was appointed as General Counsel and Chris Weller was assigned a position of Commercial Director. 

April’s previous experience within London’s financial technology industry, most recently at RateSetter, should accelerate Growth Street’s ability to expand on its initial product offering to its customers.

I blogged recently about American banks beating up the regulators to stop account access via APIs.  I heard this in various White House meetings in 2016, and assumed all banks and bank people felt the same way.  Well, they don’t.

Today Torstone Technology, the leading provider of post-trade securities and derivatives processing, unveils that MainFirst, the independent German headquartered European financial services firm, specialising in equity brokerage, capital markets and asset management, has completed the migration to Torstone’s middle and back office platform, Inferno.

Today Fiserv, Inc., a global leader in providing financial services technology solutions, revealed that Fulton Financial Corporation, a bank holding company headquartered in Lancaster, Pennsylvania, has signed a long-term agreement to renew its relationship with Fiserv.   

Today, Mastercard welcomed five new startups to its Start Path Global program – the company’s global initiative to support innovative later-stage startups who are reshaping the future of commerce. The program is open to startups who are rethinking banking and payments and have raised a significant seed or Series A round of investment.

Wonga, the payday loan firm, has suffered a data breach which may have affected about 245,000 customers in the UK.

The range of information stolen may include names, e-mail addresses, home addresses, phone numbers, bank account numbers, sort codes and the last four digits of customers’ card numbers. 

The firm has apologised for inconvenience it caused to its customers and offered support through a devoted phone line.

Today BroadSoft, Inc., a world market leader in cloud business software for unified communication, collaboration and contact center reported that more than 100 channel partners, serving millions of business customers across the world, are in trials with BroadSoft Team-One.