Alipay arrives in Greece via Viva Payments
VivaPayments, a global, cloud-based digital payments factory, providing innovative, reliable, and secure payments services to consumers, professionals, and businesses of any size, formed a strategic partnership with leading Chinese mobile and online payment platform Alipay. Through this collaboration, Alipay users can access the service for the first time, while visiting Greece.
The vast network of businesses operating with VivaPayments’ online payments platform, VivaWallet, will channel Alipay transactions to several touristic locations throughout Greece. VivaWallet’s user friendliness, has made it a favorite among Greek business-owners all over the country, including high-traffic touristic areas, such as Mykonos, Santorini, or even the center of Athens.
Bank of Cyprus Taps IBM Technology to Accelerate Digital Transformation
IBM (NYSE: IBM) announced today that it has been selected as the strategic partner of Bank of Cyprus, the leading banking and financial services Group in Cyprus, for the implementation of the Bank’s Digital Transformation. Bank of Cyprus provides a wide range of financial products and services to individuals and businesses in Cyprus, holding significant market shares across all business segments.
The Bank is committed to implementing a modernization agenda that is designed to transform its business model to ensure that it can compete efficiently and better serve the needs of its customers. To facilitate momentum in delivering these changes through an accelerated multi-year Digital Transformation Program, Bank of Cyprus has selected IBM as a strategic partner.
CleverAdviser tops £1bn milestone
CleverAdviser, the cloud-based fund analysis software for IFAs which uses artificial intelligence, has reported passing the milestone of passing £1 billion of client assets through its process. CleverAdviser was originally created in 2000 by Colum Wilde, a Cheshire-based IFA, who wanted to find a better way of protecting his clients’ investments.
Wilde created an automated process that would sift and sort funds on a monthly basis and inform him of the best time to switch out of underperforming funds, protecting his clients from unnecessary losses.
The ai Corporation approved as an Electronic Money Institution
Payment and risk management experts, The ai Corporation’s (ai) and its suite of payment solutions, including machine learning risk management tools, have been granted an e-money licence by the UK Financial Conduct Authority (FCA).
The ai Corporation received formal approval for its e-money licence application from the FCA earlier this month, which will enable ai to provide fully FCA compliant financial services. The new licence means that ai is now regulated as an Electronic Money Institution (EMI), a change from its previous status as an authorised payments institution. The change is effective from 1st July 2017.
Worldpay US upgrades omni-channel platform
Worldpay US is introducing today a suite of new features to its omni-channel platform, Worldpay Total. The new capabilities are designed to better support the needs of existing customers as well as access to additional markets, including card-not-present and Windows-based merchants.
Launched in October 2016, Worldpay Total connects and simplifies payments across sales channels through a single integration point and delivers a full-suite of payment processing tools for integrated software vendors (ISVs) and merchants by combining point-of-sale (POS), integrated payments and acquiring.
