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IndustryUpdate

RESEARCH PARTNERSHIPS

IMF issues paper on fintech Aliant aligns with Merchant e-Solutions

A recent International Monetary Fund Staff Discussion Aliant Payment Systems entered into a strategic process-
Paper entitled Fintech and Financial Services: Initial ing relationship with Merchant e-Solutions Inc., a Cielo
Considerations offers insights on fintech's role in response company and provider of global payment solutions.
to consumer demand for trust, security, privacy and The relationship will allow Aliant to expand its client
services in the changing competitive landscape. Key roster to include ecommerce, travel and B2B companies.
findings and observations in the paper include blurred Aliant's Independent Software Vendor (ISV) program
market boundaries, changing barriers to entry, a contin- will also benefit from Merchant e-Solutions' ability to
ued need for trust, and improving cross-border payment quickly implement custom integrations, the company
technologies. said.

PwC studies fintech impact on financial services CSI globalVCard teams with AmTrav
A PricewaterhouseCoopers global report, Redrawing CSI globalVCard partnered with AmTrav Corporate
the lines: Fintech's growing influence on financial services, Travel, an established provider of corporate travel man-
gleaned insights from over 1,300 senior financial services agement solutions, bringing the benefits and security
and fintech executives spanning 71 countries. Of those of CSI globalVCard's virtual credit card payments to
surveyed, 82 percent expected to increase fintech part- the AmTrav online booking tool. The partnership gives
nerships in the next three to five years, while 77 percent existing CSI globalVCard users instant access to a travel
planned to adopt blockchain as part of a production management solution and when paired with the CSI
system or process by 2020. globalVCard mobile app offers functionality and control
to travelers after the booking process.