After two years of intensive collaboration, two dozen financial institutions led by UBS, Credit Suisse and Julius Baer together with fundinfo AG have agreed on publishing the openfunds standard, version 1.0, on www.openfunds.org.

 OpenLink, the global leader in trading and risk management solutions for the financial services, corporate, energy, and commodities industries, today reported that the Federal Home Loan Bank of Topeka (FHLBank Topeka) has selected its debt and derivatives solution as part of the bank’s drive to streamline its technology landscape and improve operational efficiency.

The UK has had a long weekend considering the consequences of the Brexit.

Chris Skinner has had a long weekend considering the consequences on London, the banking industry, Fintech and more … and I have to say that I’m quietly positive.  I don’t think we’re going to see the meltdown the doomsayers are rumour mongering, and I don’t think we’re going to see the end of passporting our bank services across Europe.

Instead I see two scenarios most likely to play out.

Scenario One

Xerox and Carl C. Icahn announced today that they have entered into an agreement under which Jonathan Christodoro has been appointed to the Xerox board of directors effective immediately. Mr. Christodoro will also join the board’s corporate governance committee and finance committee. With the addition, the Xerox board is now comprised of nine directors. Additional details regarding the agreement will be included in a Form 8-K to be filed by Xerox later today.

 Gemalto supplies VTB24 with its Ezio Mobile Protector smartphone-based secure software app solution, which provides secure generation of One Time Passwords (OTPs) for validation of remote banking transactions via a convenient application running on the customers' mobile device. VTB24 is a key player in the Russian banking services market and this implementation was made in cooperation with Russian IT integrator CompuTel.

Vertex Inc., the leading provider of corporate tax solutions, has been named the 2016 Main Line Chamber of Commerce Large Business of the Year.

Discover’s Phoenix Customer Care Center has been named as one of the Top Companies to Work for in Arizona by azcentral.com and Republic Media (The Arizona Republic, azcentral.com, La Voz). The 2016 list identifies Arizona companies with commendable workplace practices as voted by their employees.

Coupa Software has been positioned by Gartner, Inc. in the Leaders quadrant of the Gartner Magic Quadrant for Procure-to-Pay Suites. The company achieved the highest ‘ability to execute’ assessment this year and for two consecutive years has been named a Leader in the Gartner Magic Quadrant, which is considered one of the industry’s most thorough evaluations of enterprise purchasing services solutions.