Park Place Technologies announced today that it has completed the largest acquisition in the company’s history, acquiring NCE Group Limited (NCE), a global provider of third-party data centre maintenance and repair. While the terms of the transaction were not disclosed, this acquisition substantially increases Park Place’s global client portfolio and European presence. The companies plan to immediately begin integrating operations, channel partners, customers and employees, adding more than 280 individuals to Park Place Technologies’ current staff.

LGT, a leading international private banking and asset management group owned by the Princely House of Liechtenstein, has chosen Wolters Kluwer’s OneSumX to provide its regulatory reporting and risk software for its Asian operations.

Exonar, a leading provider of General Data Protection Regulation (GDPR) data mapping and data inventory solutions, has announced the results of its UK GDPR Preparedness Survey which found that 77% of respondents say they are on course to be GDPR compliant by May 2018. 

Temenos (SIX: TEMN), the software specialist for banking and finance, confirms that Arab Bank for Investment & Foreign Trade (Al Masraf) has selected its UniversalSuite, a front-to-back solution that enables banks to offer a user-optimized experience across channels and business lines.

A global leader in online multi-asset trading services and foreign exchange solutions for individuals and businesses, OANDA recently extended a new cross-border money transfer solution to clients in Germany. Already available in the UK, US, Canada and Australia, the German launch of OANDA Money Transfer further builds on the firm’s recent alliance with global payment services provider, The Western Union Company, which was implemented earlier this year.

Torstone Technology, the leading provider of post-trade securities and derivatives processing, today announces that N+1 Singer, an independent corporate broking, advisory and trading house focusing on small & mid-cap companies, has selected Torstone’s Inferno^RC module in order to comply with the transaction reporting obligations of the Markets in Financial Instruments Directive (MiFID II) and its accompanying Regulation (MiFIR).

On a regular basis, experts of all sorts take to the media to chastise “the kids” for being immature and frivolous. To hear them tell it, Millennials are destroying the very fabric of civilization.  When not mocking them for participation ribbons (of which, as a Gen X kid, I have a vast collection), the experts are blaming Millennials for not saving enough, for spending uncontrollably, and for not adequately considering their future. 

Worldpay and Vantiv, Inc. (Vantiv) announced that they had reached agreement in principle on the key terms of a potential merger of Worldpay and Vantiv.

Cyber risk has the ability to affect all aspects of a business and consequentially all lines within the insurance industry. While insurable, its risk may feel infinite and difficult to understand. Lockton, the world's largest privately held insurance broker, explains that just like the evolution of property coverage, cyber risk must develop with the landscape to meet critical business needs.   

Faisal Islamic Bank, Sudan has announced that it has signed up with Path Solutions to deploy iMAL Islamic core banking system to replace the bank’s decentralized legacy system Pentabank from Financial & Banking Systems, across its 100 branches. The bank will also deploy Mobile and Internet Banking solutions as well as BI and Risk Management. The strategic technology deal will support Faisal Islamic Bank’s business across multiple verticals.