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Instant messaging application WhatsApp will soon be compliant with India’s local digitalisation laws after which it can roll out its much-delayed payments service, the Economic Times reported citing news...

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The US Securities and Exchange Commission (SEC) moved to halt a near $1.7 billion digital token offering. The offering was launched in January 2018 by the mobile messaging application...

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Indonesia’s Finmas has received a business license to operate as a FinTech lending platform from the country’s Financial Services Authority (OJK), according to media reports. The issuance of the...

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Digital payments firm Revolut is looking to raise $1.5bn in order to join ‘FinTech elite’, and has hired JP Morgan to help it sell new shares and a convertible...

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Financial services firms in the UK are implementing robo-advice at a higher speed than the rest of the world as they work to attract consumers, according to PwC. The...

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European digital payments software provider, OpenWay has launched an off-the-shelf acquiring solution, WAY4 Acquiring Start. The solution, that runs in the cloud or on-premise, is expected to assist banks,...

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South Korean startup ICONLOOP has raised KRW 10 billion (over $8 million) in Series A funding, in its first venture capital investment since its formation in 2016. Seven investment...

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NICE Actimize has announced that US-based credit union service organization, PSCU has selected the supplier’s AI-powered investigations and case management platform, ActOne Extend. The partnership is expected to enhance...

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A consortium of global financial institutions has come together to create a new technology platform named ‘DirectBooks’ to streamline connectivity within the primary market. The financial institutions partnering to...

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Dutch banking group ING has announced the formation of a taskforce Kickstart AI in partnership with Ahold Delhaize, KLM, NS, and Philips to promote the development and acceptance of...

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The global Financial Stability Board has turned up the heat on Facebook’s Libra. In a letter to the G20 Finance Ministers and Central Bank Governors, Randall Quarles, chair of...

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The European Banking Authority (EBA) has published its Work Programme for 2020, outlining plans to prioritise anti-money laundering (AML) and moving towards an integrated EU data hub. The 2020...

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IBS Journal of the Month

During last month's Sibos conference and exhibition in London, cloud computing came to the fore, both on the exhibition floor and in the conference sessions. Swift launched Cloud Connect, an initiative that expands options for its customers adopting cloud services. The initiative covers large public cloud providers and Swif's own private cloud platform. .

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During the past few years, Indian fintech company Sarvatra Technologies, which was founded in 2000, has been helping small community banks in India integrate technology to facilitate real-time, online payments. The initial aim of the company was to offer nationwide connectivity between these small banks and their larger brethren.

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The expectations for this year's Sibos catchphrase 'thriving in a hyper-connected world' was that about 8,000 delegates would attend the London conference. In reality, more than 10,000 people made it to the fintech event, with some unofficial reports suggesting even 13,000-14,000 delegates, making it the largest, most attended Sibos to date..

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This section is a monthly snapshot of activity in the banking technology system space. This is useful for anyone who wants to track banking system sales on a regular basis. The Who’s Bought What provides all the key details of the deal such as the bank that bought the system, the type of system, the supplier and the system name, and the country of sale.

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