Tens of thousands of financial services businesses are avoiding upgrading their digital systems because they don’t deem digital transformation to be important, research suggests.

Six in 10 (62%) business leaders believe there are other priorities over the next 12 months, according to a nationwide survey of managers and C-suite executives.

Alarmingly, nine in 10 (92%) business leaders said they were not well-equipped or prepared for digital transformation.

Bosses cited “lack of resources”, “lack of skills” and “Brexit” as key blockers to progress.

Intesa Sanpaolo Private Bank (Suisse) SA and Avaloq have successfully onboarded Banque Morval onto Avaloq's Business Process as a Service (BPaaS) solution in just nine months. The merger of Intesa Sanpaolo Private Bank (Suisse), the Italian Intesa Sanpaolo group’s Swiss private banking subsidiary, and Banque Morval was completed in April last year and created the new legal entity Intesa Sanpaolo Private Bank (Suisse) Morval.

MediConnect, the developer of a framework blockchain solution to trace and manage prescription medication, is pleased to announce the appointment of Gary Nelson, an IT development expert with over 25 years of experience in the IT sector and more recently in the blockchain industry, as Head of Engineering at MediConnect.

VERMEG, the software services specialist, which provides core technology for managing compliance, regulatory requirements and digital transformation across the banking, wealth management and insurance sectors, has appointed Paul Thomas as UK General Manager.

Paul joins with more than 20 years’ experience in the FinTech and RegTech industry having worked at organisations such as Misys, ION Trading and most recently AxiomSL.

Plato Partnership announced today that it will be extending sponsorship for a further three annual London-based AIR Summit events.

Initially launched in 2014 in the United States, AIR Summit provides a forum for up-and-coming fintech firms to connect and demonstrate their products to investment managers, traders and other market participants. AIR Summit - London 1.0, sponsored by Plato Partnership, was the first AIR Summit event that took place outside of the US.

Identitii Limited (Identitii, Company) (ASX:ID8), the FinTech reducing last mile payment hold ups for banks and corporates, announces it has signed a new licence agreement (Agreement) to provide its Overlay+ platform to HSBC Bank Australia Limited (HSBC Australia).

Global data ingestion and transformation software provider Xceptor, is launching its new podcast  ‘Unleash Your Data’. The podcast will run in seasons, starting with this year’s Sibos themes of digitisation, data-driven relationships and the impact of new technologies.

Episodes will include a broad range of themes from machine learning and natural language processing, blockchain, the data challenges that simply can’t be ignored, digital transformation and regulation, to name a few.

Reiterating what the CEO of Google, Sundar Pichai had said, “AI may become more profound than fire or electricity.” Artificial Intelligence, in all probabilities, is becoming an economic arsenal for most countries around the world today, including the West Asian country that sits on the Arabian Peninsula. Yes, we’re talking about Qatar, the country with one of the richest economies in the world. With a blueprint already in place to set the nation in the right direction, Qatar has joined the AI revolution among other leading countries of the world.

ETHIX by ITS offers a technology solution for the effective delivery of all Islamic banking instruments such as Murabaha, Financing Ijarah, Tawarruq, Salam, Istisnaa and more. The ETHIX Islamic Finance and Microfinance modules facilitate:

The Establishment of finance according to the Shariaa workflow

Instalment Payments

Rescheduling  of instalments

Payoffs

Roll Over Deals

Early Payments

Inventory Management

Neptune Networks Ltd. (Neptune), today announced the release of their composite product, working in collaboration with CME Group, to provide clients access to a higher quality representation of the market.