Path Solutions, the first Islamic IT provider, proudly announces today the successful upgrade of iMAL core banking system at Gulf African Bank in Kenya. The Islamic core banking system was upgraded to R14 on 30^th April 2016.

Gulf African Bank has scaled up its investment, upgrading to the latest Java version of iMAL as part of a major modernization project across its retail and corporate banking business.

 Horseshoe Group ("Horseshoe") acquires IKONIC Fund Services ("IKONIC") to form a leading independent fund administrator and insurance manager dedicated to both the Insurance Linked Securities and the alternative fund markets.

Algorithmic trading and market access are under increased pressure from regulators everywhere, adding new layers of complexity in the quest for a single, global, normalised trading experience. Buy-sides often use Sponsored Access (SA), Direct Market Access (DMA) or Direct Electronic Access (DEA) via brokers across different regions.

 FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the development of the FIX Protocol for use for transmitting MiFID II Transaction Reports to Approved Reporting Mechanisms (ARMs).

Lombard International, a global leader in wealth structuring solutions for the high net worth market, today announced that the company’s Executive Chairman, John Hillman, has been named Ernst & Young’s 2016 Entrepreneur of the Year for the Greater Philadelphia area in the Business and Financial Services category. Hillman was selected among 36 finalists in consideration for the award, which was announced at a special gala on June 9th in the Terrace Ballroom at the Pennsylvania Convention Center.

VocaLink today announces its new “Pay by Bank app” service is soon to be available to customers of four of the UK’s biggest banks.

Cardtronics, Inc. reports a new ATM services contract with Chicago Transit Authority, the nation's second largest public transportation system.