Bridging the gap between convenience and security for digital payments has long been a subject of discussion within the payments industry. Findings from an investigation undertaken by myPINpad into the gaps in the payment industry have identified a number of issues:

·         Security concerns cause 35% of all abandoned carts in online commerce. Putting that in monetary terms, the cost to retailers is estimated to be $1.4 trillion in 2015

As HCE and tokenization mobile payment solutions begin to come to market, Bell ID draws on its first-mover experience with multiple live projects to make the case for why a bank should consider becoming a Token Service Provider (TSP) and managing its own Token Vault. As the live projects are under NDA, Bell ID has used AnyBank, a fictional bank, to discuss the key drivers and challenges that inform the decision to in-source.

RIMES, the award-winning provider of managed data services for the buy-side, today revealed that data management is no longer simply an internal challenge for asset managers as they face increasing pressure from clients to respond to growing demands for data. This comes at a time when the industry is battling to improve data quality and governance while also reduce data costs.

In 2013, 70% of Brits had no trust in the banks. Interestingly, in 2014, a survey found that 80% of Brits trusted their bank if they used good technology.  Technology that embraces social collaboration like Facebook and Linked In.

EXPERTUS, a global leader in innovative payments and treasury solutions today announced readiness for Immediate Payments.

Georgia’s TBC Bank is today announcing its digital transformation has resulted in a staggering 54 per cent leap in remote banking transactions in just 12 months.

One year ago, TBC Bank users completed just 4.5 million transactions a year using internet and mobile banking platforms. Fast forward to 2015 and this has increased by 54 per cent to 6.95 million remote transactions a year, seeing remote banking overtake traditional in-store contact.

With the constant introduction of newer and stricter Basel guidelines, the significance of data management has never been higher for banking institutions. As an outcome of the financial crisis, there have been massive changes in the regulatory requirements for compliance, risk management, operating efficiencies and customer relationship management among other areas. Business groups in Banks responsible for these requirements need accurate and quality data for effective decision making and the same data is viewed by different business groups differently.

In April, Sapient Global Markets, along with other market participants, descended on Montreal for ISDA’s 30th Annual General Meeting.  As noted in our pre-event blog, much of the conference focused on the impact of regulation, intended and unintended, and how firms are reacting to the changes. In particular, consideration was given to how markets are fragmenting, and what the industry can do to realize greater harmonization and standardization in response.

 DMS Offshore Investment Services Ltd., (DMS) the world's largest fund governance firm, is expanding its New York City Office with the appointment of John D'Agostino as Managing Director.

 Karnataka Bank Limited, a major, privately owned bank based in southwestern India, will expand 24x7 transaction banking access to its customers with its new “e-lobby” services, supported through a multi-year ATM outsourcing agreement with FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions.