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Featured Webinar

Identity Verification Compliance for the 4th EU Money Laundering Directive

Further insight into how this legislation mandates regulated firms to verify customer identity for non face-to-face transactions will be shared during a Jumio and Payment Eye joint webinar on the 5th November. Secure your free place now

Headline News

UK government will invest £10m in digital currency research The UK Economic Secretary to the Treasury, Harriett Baldwin, has recently reiterated the government’s pledge to investigate the digital currency possibilities by investing £10m in distributed ledger technology research.

New Products & Technology

Scotiabank opens a digital factory to drive innovation Scotiabank’s digital factory will house more than 350 jobs for technology talent focussing on digital innovations and solutions.

Partnerships

World First partners with Virgin Money on cross-border payments The World First partnership with Virgin Money will see the foreign exchange company power the bank’s new International Money Transfer (IMT) service.

Sony and Telkom Indonesia team to deliver NFC payment system The platform, which will be based on Sony’s contactless smartcard technology FeliCa, will allow Indonesians to make electronic payments through a card or smartphone.

M&A

Is Diebold about to acquire Wincor Nixdorf for $1.8 billion? According to multiple news sources, financial self-service manufacturer Diebold is in talks with German ATM maker Wincor Nixdorf over a potential takeover. The deal would value Diebold at nearly $2 billion as it looks to move into the digital payments space.

SpareBank 1 acquires Norwegian assets of mCash Norwegian financial services group SpareBank 1 has purchased the local assets of mCash, an Oslo-based mobile payments provider that has over 100,000 customers within the Scandinavian country.