FIS has signed a definitive agreement to acquire Sungard for $9.1 billion in a cash and stock deal, creating a fintech powerhouse covering the full spectrum of banking and capital markets services.

Axiom, a leading provider of technology-enabled legal services, today announced that Mathew Keshav Lewis has joined the firm as the Co-Head of its Global Banking Practice.

Bank of Mauritius’ ambitious ADF-XBRL project has started progressing at a rapid clip with Phase 3 returns being made available to banks. Of the 6 phases in BOM’s ADF-XBRL journey, only 4 are targeted at banks, while the remaining 2 would cover reporting by other entities, such as NBFCs. So in a sense, the regulator seems to have covered more than three fourths of the ground in terms of detailing what banks need to report on.

Intelliflo has welcomed the UK government’s commitment to deliver an open Application Program Interface (API) standard that will enable consumers to access apps that bring together financial data across a range of products and from different product providers.

The government published its commitment in the July 2015 budget:

 Axioma announced today that Skandinaviska Enskilda Banken AB (SEB), one of the largest financial institutions in northern Europe with more than €180 billion in assets under management, has completed the implementation of Axioma Risk, the innovative multi-asset class risk-management platform launched by Axioma in 2013.

Markit (Nasdaq: MRKT), a leading global diversified provider of financial information services, today announced the launch of its Request for Amendment (RFA) service, available through Counterparty Manager and kyc.com.  Working with three of the largest asset management firms including AB (formerly AllianceBernstein), RFA centralises and automates legal onboarding when adding accounts to existing master trading and custody account agreements.

Banks have reclaimed over forty million hours of valuable working capacity that would otherwise have been lost or not used effectively, new figures from the specialist operations performance management firm ActiveOps have revealed. In its ten years working with a growing number of banks around the world, this has resulted in cost savings of over £500m through improved operations productivity while allowing banks to improve customer experience.

Numerex Corp (NASDAQ:NMRX), a leading provider of interactive and on-demand machine-to-machine (M2M) products and technology enabling the Internet of Things (IoT), today announced that its Board of Directors has appointed Marc Zionts as its Chief Executive Officer, effective September 1, 2015. In addition to his new position, Mr. Zionts will join the Board of Directors of the Company.  Mr. Zionts will succeed Stratton J. Nicolaides, who will remain CEO until September 1 and then assume the position of Executive Chairman.