Colt announced today that participants can now receive TSE’s Flex Full market data feed normalised with an FPGA solution1 as part of its market data portfolio for Capital Markets customers.
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Colt Unveils Managed FPGA Market Data Service with NovaSparks
Wednesday, April 26, 2017 - 12:19
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Financial IT
CommonBond Expands Into Graduate and Undergraduate Student Loans Market
CommonBond, a leading financial technology company that helps students and graduates pay for higher education, today announces the launch of student loans for undergraduate and graduate students.
Wednesday, April 26, 2017 - 12:13
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Financial IT
Vela Unveils European Best Bid Offer Solution
Vela Trading Technologies (Vela), a global leader in high performance trading and market data technology, has launched a fully-managed European Best Bid Offer (EBBO) solution in response to increased client demand to comply with the changing pre-trade transparency and best execution rules which will come into force with MiFID II in January 2018.
Wednesday, April 26, 2017 - 12:12
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Financial Conduct Authority Reveals First Set of Data Under New Complaints Rules
The Financial Conduct Authority (FCA) has published data on the number of complaints reported by firms under new rules which came into force on 30 June 2016.
The total number of complaints reported by firms in the second half of 2016 was 3.04 million. This number is higher than previous reporting periods because under the FCA’s new rules all complaints are now captured in the data.
The data reflect the fact that under the new rules, financial services firms have longer to resolve complaints less formally. Firms now have three days to address a complaint to a consumer’s satisfaction, this is up from the previous next business day time limit.
The FCA believes the new data set is more informative because it shows the number of complaints against size of the business. It also provides greater insight about the products that consumers complain about. This information will provide a better understanding of the areas where consumers are struggling to gain satisfaction.
Greater transparency of complaints information will enable consumers looking to invest or buy products to be better informed about the products that have caused concern for other consumers.
Christopher Woolard, Executive Director of Strategy and Competition, said:
“Consumers want a simple way to complain that does not leave them out of pocket. And they want to be assured that their concerns will be dealt with fairly and quickly.
“These data will provide us with improved intelligence on complaints including new detailed data to show where industry is potentially failing consumers at product level”.
Payment protection insurance (PPI) is the most complained about product. The total number of PPI complaints was 895,000. Excluding PPI, the number of complaints was 2.15 million. Current accounts were the next most complained about product with around 514,000.
The total redress paid to consumers was £1.9 billion in the second half of 2016. When all redress payments related to PPI are excluded, the redress figure is approximately £0.3 billion during the same time period.
Wednesday, April 26, 2017 - 12:07
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Financial IT
Startupbootcamp InsurTech and Old Mutual Emerging Markets Form Strategic Partnership
Startupbootcamp InsurTech, the leading accelerator focused on insurance technology startups and corporate innovation, announces a new partnership with Old Mutual Emerging Markets, the leading financial services group. OMEM will bring global expertise and experience in international protection and investment solutions to Startupbootcamp InsurTech.
Wednesday, April 26, 2017 - 12:06
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Path Solutions voted Islamic Banking Solution Provider of the Year 2017
Kuwait-based Path Solutions has been named ‘Islamic Banking Solution Provider of the Year 2017’ at the just-ended Beacon of ICT (BoICT) 2017 Awards. This is the third time that Path Solutions has been named first on this prestigious list, standing out from competition and beating ICS Financial Systems in the finals.
Wednesday, April 26, 2017 - 12:02
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Path Solutions
Medici Ventures Invests in Latin American Bitcoin Startup Ripio
Medici Ventures, a global leader in advancing blockchain technology, has added bitcoin consumer financial service platform Ripio to its portfolio of strategic blockchain-focused investments through participation in Ripio’s Series A financing.
Wednesday, April 26, 2017 - 12:02
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Financial IT
Moscow Hosted Russia’s Largest Conference on Blockchain and Cryptocurrencies
On April 19, Moscow-based Digital October hosted an annual, Russia’s largest conference, dedicated to blockchain and cryptocurrencies, – Blockchain & Bitcoin Conference Russia. It gathered 750 visitors and 30 speakers – blockchain practitioners and theoreticians from Europe, America, and Africa.
Wednesday, April 26, 2017 - 11:53
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City Social To Launch MIRAGE the World’s First Drinkable Tech Menu
In May 2017, Jason Atherton’s Michelin-starred restaurant and bar, City Social, is set to revolutionise the way we consume cocktails with the launch of MIRAGE, the world’s first augmented reality cocktail menu.
Wednesday, April 26, 2017 - 11:51
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Financial IT
Transitioning to Cloud – Make it Work Securely
The final decision has been made. Papers are signed. You’re transitioning to cloud, but how does it work exactly, and how can you do this in a secure manner? We’ll go through the process in this blog post.
Wednesday, April 26, 2017 - 11:49
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