InvestCloud Inc., a global FinTech firm, has partnered with Back Office Support Service (BOSS) to launch Synergy. The new solution integrates InvestCloud’s digital platform with BOSS’s data cleansing prowess.

Synergy allows investors and managers to better leverage their custodial data by enhancing its quality – through reconciliation and data cleansing – ensuring all information is up to date and accurate. This data is then pulled into the InvestCloud digital platform, enabling investors and managers to make better decisions with better information.

 Quantrix, a leading provider of business and financial modeling software, has today released ‘Quantrix 2018’ at its annual Dimension Conference, currently taking place in Portland, Maine.

‘Quantrix 2018’ is an end-to-end enterprise modeling solution available in the cloud. The new offering adds to the existing cutting-edge Quantrix modeling technology, and extends Quantrix’s cloud offering via enhanced Software-as-a-Service (SaaS) capabilities, enabling customers to access enterprise-level features.

Nets has announced it has entered into a three-year partnership with Vipps, Norway’s leading mobile payment application provider, to deliver instant P2P payments to customers of all Norwegian banks partnered with Vipps.

The Internet of Things (“IoT”) is at the core of digital transformation in 2017, with 73 percent of executives either researching or currently deploying IoT. Manufacturing, transportation and utilities make up the largest percent of investments, while insurance and consumers represent the fastest areas of spending growth.

BON Cloud reports that according to Reuters UK, the Indonesian Meikarta Satellite City Project recently completed the open tendering of a construction contract. The contract is worth as much as RMB Yuan 69.37 billion (about USD$10 billion). An earlier report by Bloomberg News stated that US tech company Apple Inc. also installed its Southeast Asia R&D center in this satellite city. All indications are that the Indonesian government is planning a new industrial town and economic center in eastern Jakarta.

Objectway, a leading provider of investment management and digital software solutions to the worldwide financial services industry, announced they have ranked #86 on the 2017 IDC FinTech Rankings. The most comprehensive vendor ranking within the financial services industry, the annual IDC FinTech Rankings is based on 2016 calendar year revenues attributed to financial institutions. 

Financial technology, an ugly duckling with modest beginnings in the back offices of fund management and insurance companies, has now emerged as the black swan called FinTech. 

Covering everything financial from pay-as-you-drive insurance (and, scarier, pay-how-you-drive) to crypto-currencies, FinTech is now one of the hottest properties for VCs from Silicon Valley to Shoreditch’s Tech City.

FinTech is not just a single disruptive technology but an entire range of digital processes that are set to transform the historically staid world of financial services.

Instabank, often dubbed a ‘Challenger Bank,’ is among a new breed of financial services that is taking hold of technology to meet the increasing demand for simplified, digital-first banking experience. The bank is using Provenir’s technology to aggregate credit applicant data from structured and unstructured data sources, including credit bureaux and its core banking system, to provide customers with an instantaneous credit decision.