Global warming adds significant new risks for the world's banks, insurers and pension funds, warns a study published by the Global Risk Institute.

"Given the financial service industry's heavily integrated role in society, it is particularly susceptible to the risks associated with climate change," the study notes. "It must therefore ensure that proper climate change strategies and risk management procedures are in place in order to remain viable."

In May I attended Dotfinance 2016 in Nairobi, Kenya. A stellar roster of speakers, including Chris Skinner, Jim Marous and David Brear gave me a holistic overview of a market to which I'd recently been assigned, so I thought I'd share my findings here. 

TIM, by way of its technology partnership with SIA (through subsidiary TSP), has madePOS MultiPay terminals operative in over 2,200 stores in its sales network in Italy, with the aim of extending the methods of electronic payment for its offers.

SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has announced that Marathon Asset Management LLP (Marathon) has chosen its end-to-end client communications and reporting suite, SimCorp Coric, to improve its client communication and reporting capabilities.

 IBM reports a cloud service for organizations requiring a secure environment for blockchain networks. Ideal for organizations in regulated industries, this environment allows clients to test and run blockchain projects that handle private data. 

Cloud Security Broker secures corporate and client content in Box for organizations in highly regulated industries.

Entrust Datacard with Bank of the Ozarks implemented an Entrust Datacard financial instant issuance solution – including the Datacard CD820 instant issuance system and the Datacard CardWizard issuance software – in 170 locations throughout the Southeastern United States.

Linear Investments has selected RSRCHXchange to enable their hedge fund clientele to access and track research consumption in a MiFID II compliant way.

Macquarie has worked with Google to make Android Pay available to its credit cardholders in Australia.

Android Pay is the simple and secure way to pay on mobile devices and is available at stores across Australia, wherever contactless payments are accepted.

Ben Perham, Head of Personal Banking for Macquarie’s Banking and Financial Services Group, said that from today, Macquarie cardholders will be able to use their Android device to seamlessly make contactless payments on their credit cards.