Capgemini Consulting, the global strategy and transformation consulting arm of the Capgemini Group, has today announced the appointment of Patrick Vance as a VP in the UK Financial Services team.  Focusing on Regulatory Risk and Compliance, Patrick will report into Kevin Simmons, VP and UK COO of Financial Services.

MasterCard today announced the appointment of Michael Fraccaro as chief human resources officer, succeeding Ron Garrow who decided to move with his family back to North Carolina after six years with the company. Fraccaro’s appointment is effective July 8, 2016.

Ancoa, provider of contextual surveillance and insightful analytics for exchanges, regulators, buy- and sell-side firms, has been awarded ‘Best Market Surveillance Product’ at the 2016 Operational Risk Awards. Ancoa was selected for its ability to demonstrate “real-time surveillance capabilities for both internal and external obligations, including pattern-recognition software and case-building capabilities.”

uTrade Solutions, a fintech major specializing in offering enterprise trading technology solutions, has today announced the launch of ‘uClear’.
 
uClear is India’s first blockchain technology driven solution that will enable real time clearing and settlement of contracts across the cash and derivatives segments of the financial markets. The first stage of adoption will be led by the Over-the-Counter (OTC) segments without existing central clearing infrastructure such as foreign exchange (FX) and the fixed income securities markets.
 

Fintech continues to dominate the news the world over, with India and Singapore joining the growing band of countries who have already put a stake in the ground, eager to grab a piece of the action. Fintech is exciting and possibly life changing on many fronts, not just because of the wealth creation opportunities it offers, but also because of it’s potential to help transform the way financial institutions operate.

Thomson Reuters has expanded its distribution arrangement with OTC Markets Group to include OTC Markets Group’s End-of-Day Pricing Data for OTCQX®, OTCQB® and Pink® securities.  In addition to the Real-Time Level 1 and Level 2 Data that OTC Markets Group already makes available through the Thomson Reuters Elektron and Eikon suite of products, Thomson Reuters clients now can receive reliable and comprehensive closing bid, offer and trade data for 10,000 OTCQX, OTCQB and Pink securities via its DataScope product suite.