According to insight from Radware’s Emergency Response Team (ERT) the number of DDoS for Ransom attempts worldwide grew significantly during the last week. But most worrying, the ERT has discovered that many of the letters used to request the ransom are fake, yet companies are falling for the scam. 

Radware is warning the financial sector to take caution when assessing the legitimacy of a threat, and to consider seeking expert advice to help decipher the threat level to their business.  

Markit has acquired an interest in commodity markets research and price reporting agency PRIMA.

MarkitSERV represents a global electronic trade processing service for OTC derivatives. The application provides end-to-end trade processing and workflow solutions that support all participants in the process of trading including post trade notices of execution, trade confirmation and allocations to clearing and reporting. More than 2000 active customers of MarkitSERV include sellside and buyside firms as well as execution venues.       

Fiserv reported financial results for the first quarter of 2016.

GAAP earnings per share in the first quarter was $1.27 compared with $0.73 in the first quarter of 2015. The first quarter 2016 GAAP earnings per share included a net investment gain of $0.39 per share driven by a sale of a business interest at StoneRiver Group, L.P. (“StoneRiver”), a joint venture in which the company owns a 49% interest. Adjusted earnings per share increased 19 percent to $1.06 compared with $0.89 in the first quarter of 2015.

Reliance Communications  and Fortumo launch direct carrier billing in India. With this development, all customers of RCOM will be able to make purchases for digital content and games by charging the payments to their mobile bill or mobile prepaid account.

Working capital, the lifeblood of businesses, is being transformed by financial technology. At a recent roundtable, C2FO brought together a panel of experts from diverse areas to talk about innovations in fintech, with a specific focus on working capital.

Whether the impact of fintech on working capital is an evolution or a revolution – panellists differed on this point – there was wide agreement that there is a powerful change underway.

Clydesdale Bank and Yorkshire Bank have teamed up with proposition design consultancy Market Gravity to design and launch a pioneering new smart digital banking service – B. 

CSC  announced that it has completed the acquisition of Xchanging plc.

In continuation of my previous blog on Blockchain: Need of Future for Financial Industry, let us now try to understand one more path breaking revolution in the field of Accounting and Ledger maintenance. This will provide a better and efficient way of fund settlement between two parties domestically as well as internationally, where Foreign Currencies are involved.

Settlement and Accounting for Banks (Local and Foreign Currency)

Ingenico ePayments, the online and mobile commerce division of Ingenico Group, has announced that the innovative music and entertainment platform, TIDAL, selected Ingenico ePayments as its exclusive partner to help process increasing demand for its services and optimize the payment experience for its customers.