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Finastra’s US Payments Business Forum underscores the value of modernization combined with peace of mind

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1 year ago

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Takeaways from the event highlight the importance of keeping the customer at the forefront of decision-making, while navigating an evolving and fast-moving industry

FORT LAUDERDALE, Fla., May 5, 2025 /PRNewswire/ — Finastra, a global provider of financial software applications, held its annual US Payments Business Forum, welcoming leaders from financial institutions across the United States to discuss industry trends, market dynamics, and product innovation. The event was hosted April 2-4 in Fort Lauderdale, Florida.  

 

Offering presentations featuring Finastra product experts, industry analysts, roundtable discussions, and panels, the forum emphasized the importance of putting customer needs at the forefront of the payments modernization journey. With ongoing market changes, increased customer demand for speed, and an evolving regulatory landscape, the event emphasized collaboration and two-way communication to help ensure banks have the knowledge, technology, and skills needed to compete in the fast-moving payments industry.

“Events like this demonstrate how crucial it is for all of us in the industry to come together, learn from one another, and brainstorm ways to better serve our customers,” said Eric Martinez, AVP Wire Transfer Manager at Amarillo National Bank.

Key takeaways from the three-day conference include:

Mid-tier banks must modernize their payment infrastructure and migrate to hosted or SaaS solutions to keep ahead of customer needs: Presenters discussed how a significant majority of banks (92%) plan to increase their investment in payment technologies, with 80% identifying legacy systems as a key obstacle. Partnerships and cloud solutions can drive innovation in payment systems, enabling banks to enhance the customer experience and increase operational efficiency. End users are less tolerant of subpar functionality and are willing to seek out best-in-class solutions. Essentially, financial institutions can expect to follow the “If you build it, they will come” concept, ensuring that they are offering the solutions their account holders expect and need.Stop playing defense, play offense: According to Datos Insights, 89% of businesses are investing in payments tech, which creates mutual alignment between banks and customers. The opportunity exists for banks to capture this business spending before it flows to direct to customer fintech solutions. 39% of corporate treasurers at large and mid-size companies would switch financial institutions for better payment automation tools, while only 18% of businesses feel their primary bank’s reporting capabilities meet all their needs. These expectations are directly tied to the need for banks to go to market with more robust payment capabilities or risk losing clients to other banks or fintechs.ISO20022 standardization must be a priority: The deadline to implement ISO20022 messaging standards is delayed until July, but financial institutions must use this time to prepare. Presenters noted that 90% of US financial institutions are ready, while almost half have completed third party testing. Over the next three months, this gap must be bridged.An ecosystem of partners makes the industry stronger: To accelerate innovation and identify areas to improve the customer experience, it is important that financial institutions embrace the payments ecosystem of partners to better serve their needs. Fintech partners can provide additional services that augment existing ones, creating more opportunities to attract and retain customers.

“For many years, the US Payments Business Forum has been invaluable to financial institutions, offering vital insights into modernizing payment infrastructures and embracing an innovative tech stack. By adopting trends such as cloud migration and payment automation, banks and credit unions can enhance operational efficiency, meet evolving customer expectations, and stay competitive in a rapidly changing financial landscape,” said Barry Rodrigues, EVP Payments at Finastra. “This conference underscores the importance of continuous investment in payment technologies to drive innovation and secure a robust future for financial institutions. We thank our customers and partners for coming together for another productive discussion.”

The event was sponsored by Finastra partners Microsoft, Fincom, Orion Innovation, Federal Reserve Financial Services, Visa, SRA Consulting, The Clearing House, and Aspire Systems.

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

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SOURCE Finastra

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2026 Canton Fair Design Award Winners Showcase China’s Innovation Strength

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October 19, 2026

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GUANGZHOU, China, Oct. 19, 2026 /PRNewswire/ — As the 140th Canton Fair opens, the winners of the 2026 Canton Fair Design Award (CF Award) have also been announced. Winning products are now on display in Area D of the Canton Fair Complex, offering visitors a closer look at some of the latest advances in Chinese manufacturing and industrial design.

Among this year’s top honorees, a domestically developed high-performance sport motorcycle and an intelligent navigation capsule robot gastric endoscopy system received the Best of the Best Award, the competition’s highest recognition.

The Canton Fair also enhanced the visitor experience with a themed showcase area within the award exhibition. Built around four application-oriented concepts, namely Outdoor Pleasure, Smart Living, Cozy Home and Kitchen Elegance, the immersive displays demonstrate how innovative designs can be integrated into everyday life, helping visitors better understand the practical value behind these award-winning products.

This year, 4,218 products from 2,112 companies competed for the award. Following multiple rounds of evaluation, 222 products from 174 companies were selected.

The award-winning products reflect several key trends shaping the next stage of Chinese manufacturing. Innovation remains a defining theme, with breakthrough technologies ranging from upper limb motor function assistance and enhancement system to exoskeleton robots, underscoring the growing momentum of high-end manufacturing.

Meanwhile, intelligent technologies continue to gain traction across industries. Smart products account for more than 30% of this year’s winners, with AI-powered glasses, intelligent conference terminals and smart healthcare devices extending AI applications across home, office, medical and outdoor environments.

Sustainability is also becoming increasingly embedded throughout the product lifecycle. Green products represent over 40% of the winning entries, while innovations such as integrated energy-saving panels and sugarcane paper demonstrate how environmentally conscious practices are being incorporated into product design, materials selection and manufacturing processes.

Established in 2013, the Canton Fair Design Award is widely regarded as a benchmark for design innovation in China’s foreign trade sector. The award recognizes products that combine design excellence with commercial value, promoting the transformation and upgrading of Chinese manufacturing and supporting high-quality trade development. Entries are evaluated across five dimensions: innovation, quality, functionality, aesthetics and sustainability.

For more convenient attendance, please click here for pre-registration:
https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

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SOURCE Canton Fair

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InstaMall Launches Same-Day Fashion Delivery Experience, Bringing 80+ Brands to Shoppers’ Doors in Miami

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33 minutes ago

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October 19, 2026

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First-of-its-kind shopping app pairs artificial intelligence with same-day delivery, bringing luxury
and contemporary brands directly to customers’ doorsteps 

Featured luxury and contemporary brands include AllSaints, John Varvatos and Aritzia

MIAMI, Oct. 19, 2026 /PRNewswire/ — InstaMall, a first-of-its-kind shopping app offering same-day delivery and access to real-time inventory across luxury and contemporary fashion, launches today in Miami, Florida. Now available via iOS and Android, InstaMall provides access to more than 80 contemporary and luxury fashion brands across Miami’s five premier retail clusters, including Balmain, Louis Vuitton, Bottega Veneta, Ganni, Coach, Diesel, Reformation, Aritzia, Cult Gaia, Prada and more. InstaMall will add more brands within the app in the coming weeks and seasons. 

Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together through a more dynamic way to discover and shop for fashion. The experience combines access to luxury and contemporary brands with the convenience of same-day delivery, bringing the speed customers have come to expect across categories like food and groceries to fashion while maintaining the brand experience retailers and shoppers expect.

Within the app, customers will have access to InstaMall’s AI-powered stylist and virtual try-on features, making it easier to browse, discover and shop styles online. InstaMall’s AI Stylist serves as an intelligent shopping assistant that responds to customers’ preferences in real time. Customers can use the AI Stylist to receive product recommendations, build outfits, ask questions and discover new styles, while its virtual try-on feature allows them to visualize select items on themselves before making a purchase.

“InstaMall was founded on the belief that the convenience customers have come to expect from same-day delivery should extend to the way they shop for fashion,” said Elliot Aboud, Founder and CEO of InstaMall. “As fashion and technology continue to evolve together, we saw an opportunity to create a more seamless shopping experience that brings customers closer to the brands they love, combining a curated assortment, AI-powered styling and virtual try-on with the ease and convenience of same-day delivery.”

Prior to founding InstaMall, Elliot Aboud helped build the Aroma360 and Hotel Collection brands, overseeing the launch of the first retail store and expanding the retail footprint to more than 30 stores across the United States and two in Dubai. InstaMall is bringing fashion and luxury to the next generation with its seamless shopping experience and wide selection of brands.

Customers can download InstaMall through the Apple App Store or Google Play, or by going to instamall.co.

About InstaMall 

InstaMall is a same-day fashion shopping and discovery app reimagining how consumers shop for luxury and contemporary brands. Sitting at the intersection of fashion, technology and commerce, InstaMall brings inspiration and purchase together in an experience that gives consumers a more dynamic way to discover and shop. Where on-demand delivery has long existed for categories like food and groceries, InstaMall brings that same convenience to luxury fashion for the first time, delivering the same day without compromising the brand experience fashion retailers and their customers expect. The company launched publicly in Miami on October 16, 2026, and plans to expand nationally. For more information, please visit instamall.co.

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PTC to Announce Fourth Fiscal Quarter and Full Year 2026 Results on Wednesday, November 4, 2026

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34 minutes ago

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October 19, 2026

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BOSTON, Oct. 19, 2026 /PRNewswire/ — PTC (NASDAQ: PTC) will release its fiscal 2026 fourth quarter and full year results on Wednesday, November 4th after the stock market closes. As previously announced on October 5th, 2026, PTC entered into a definitive agreement to be acquired by Schneider Electric. In light of the pending transaction, PTC is suspending quarterly earnings conference calls and is no longer providing quarterly or annual guidance.

The earnings press release and accompanying financial data tables will be accessible on the Investor Relations section of the company’s website at PTC Investor Relations.

About

PTC (NASDAQ: PTC) is a global software company that enables manufacturers and product companies to digitally transform how they design, manufacture, and service the physical products the world relies on. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, please visit www.ptc.com.

Investors

Michael Maguire
mmaguire@ptc.com
investor@ptc.com

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SOURCE PTC Inc.

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