Avanza has recruited its new CEO from the food industry. Johan Prom has a professional background at the Swedish food retailer ICA and as an advisor to a number of consumer companies, among other positions. “Now that Avanza is taking its next major step forward, Johan Prom is an obvious choice as CEO with his genuine experience with consumers, services and customer service,” says Sven Hagströmer, Chairman of the Board of Avanza. An exact date for Johan Prom to take over as CEO has not yet been determined.

Global financial services consultancy and capital market specialist Hatstand, a Synechron company, announces it hasestablished a strategic partnership with Sqreem, a pattern detection and predictive analysis software firm, to jointly provide solutions for use with financial crime.

The banking sector is currently polarised between two camps: established high-street banks and the new breed of startup ‘challenger’ banks that are turning the traditional banking model on its head. The challengers have made some inroads, creating a more competitive market to keep the larger, more established banks on their toes. But does the culture and business as usual (BAU) mentality of the established banks stifle their innovation, or can they be challengers themselves? 

Doing business through digital means is something that comes naturally to many people now. Indeed, it is becomingly increasingly difficult to envisage how we got by for so long before online banking, shopping and booking ever became possible. We live in an age where customers seem to want the flexibility to do business whenever and wherever they want, rather than being constrained by the need to be in a certain place at a certain time.

VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd. and a leading worldwide provider of information technology (IT) consulting and outsourcing services, today announced the signing of a global reseller agreement with SAP SE. As part of the agreement, SAP will resell VirtusaPolaris’ trade repository reporting solution EMIRIS as the SAP® Trade Repository Reporting application by Virtusa.

Reval is pleased to announce that its Reval Cloud Platform for treasury and risk management has been adopted by CLP Holdings Limited (CLP), one of the largest investor-owned power businesses in Asia Pacific. The platform helps centralise control and reporting of cash, debt, risk and hedge accounting activities.

“We couldn’t be happier to have our system in place at CLP,” says Tony Singleton, Reval’s Managing Director in the APAC region. “The scalability of the Reval Cloud Platform can provide a sustainable way for CLP to support its expanding business.”