The Financial Conduct Authority (FCA) is today proposing new rules to help customers who are in persistent credit card debt.

This follows the FCA’s study of the UK credit card market, which found significant concerns about the scale, extent and nature of problem credit card debt. 

Bloomberg announced today that Intesa Sanpaolo, the Italian banking group, is using accounting data from Bloomberg to comply with the International Financial Reporting Standard 9, known as IFRS 9, an accounting framework released by the International Accounting Standards Board (IASB).

ItzCash India’s leading player in the digital payment space and a pioneer in prepaid card industry, today, announced further investment and scale up of its Point-of-Sale terminals. It will enable to pay, transact and withdraw money at local kirana store with ItzCash’s Point-of-Sale machine.

Today Sierra Wireless, a major provider of fully integrated device-to-cloud solutions for the Internet of Things (IoT), announced it has completed the acquisition of substantially all of the assets of GlobalTop Technology’s Global Navigation Satellite System (GNSS) embedded module business for total cash consideration of approximately $3.2 million, subject to working capital adjustments.

AxiomSL, the leading global provider of regulatory reporting and risk management solutions, announced today that Jefferies has selected its Markets in Financial Instruments Directive II (MiFID II) transaction reporting solution.
Jefferies is leveraging their relationship with AxiomSL by adding this MiFID II transaction reporting solution to their existing transaction reporting solutions. 

The SEC’s Rule 613, which created the Consolidated Audit Trail (CAT), is estimated to be the world’s biggest data repository for options and equity trade related data, collecting thousands of terabytes of data a year from U.S. self-regulatory Organizations (SROs)s and Broker Dealers. 

One question that has been raised is whether any existing reporting systems will be eliminated once the CAT is operational?

I tweeted this the other day, and it got a lot of likes, so I thought I’d make it today’s blog title.  We seem to have lost a lot of buzz on blockchain this year, even thought it’s still buzzing away as much as ever before.  I recently was talking about how blockchain is great for IslamTech, as Islamic financial instruments have different degrees of compliance with Sharia Law, dependent upon the Imams who authorise the product.  In some countries, their interpretations of usury and leverage are different to others, and a shared ledger would be a great way of bringing transparency to the are

Today Compuware Corporation announced the availability of Application Audit, an innovative cybersecurity and compliance solution that dramatically enhances the ability of enterprises to stop insider threats by fully capturing and analyzing start-to-finish mainframe application user behavior.