September 2008 saw the emblematic moment of the Global Financial Crisis (GFC) when Lehman Brothers collapsed. Intraday liquidity was fundamental to this collapse.  Correspondent banks were not willing to provide intraday credit lines with Lehman Brothers looking such a bad risk and demanded Lehman’s either prefund accounts or collateralise the credit required. Once the run on the firm began, Lehman Brothers could not both pay out depositors and provide sufficient liquidity to cover its intraday requirements.

Clearwater Analytics, an industry-leading SaaS solution for automated investment data aggregation, reconciliation, accounting, and reporting, announced today that it has appointed global industry veteran, Mr. Jacques Aigrain, to its Board of Directors.  

Provenir, a global leader in risk decisioning and data analytics software, welcomes Frode Berg as the new General Manager for EMEA. In his new role, Frode will be responsible for overseeing Provenir’s accelerated growth in the region and enabling new and existing clients, which include Klarna, Avida Finans, Hitachi Capital and White Oak, to make smarter decisions, faster.

PayDashboard, the UK’s number one payday company, has today announced the arrival of Ryan Ward as a key member of the executive board. Ryan joins following recent management roles at organisations including SAP, Oracle and Adobe and brings a wealth of experience in creating and driving significant growth programmes for start-ups and SMBs - from inception right through to large, international corporations.

Data platform company, RegulAItion, has appointed leading financial services technologist Paul Lee-Simion as its first CTO to meet the ‘incredible demand’ for its break-through AIR platform.

An industry stalwart with more than 30 years’ leadership experience in financial services, Lee-Simion will be based in the pioneering company’s new Singapore office to meet demand in the Asian markets and support international expansion.

Basel – The Global Legal Entity Identifier Foundation (GLEIF) has announced a new collaboration with Certification Authorities (CAs) and Trust Service Providers (TSPs), to drive the use of Legal Entity Identifiers (LEIs) within digital certificates. 

Macro Hive, a leading independent research provider for investors, is now the first full service financial research firms in the world to accept cryptocurrency for its services. Having partnered with CoinPayments, the world’s largest cryptocurrency payments processor, Macro Hive now accepts Bitcoin, Litecoin and Ethereum for both its retail products. This is in response to increasing demand from customers to use new technologies and demonstrates the increasing adoption of cryptocurrencies in the traditional economy.

NatWest has today launched MentorDigital, a free new digital advice platform for SMEs, which offers employment law, HR and health and safety guidance, as the UK takes its next steps out of lockdown. 

The bank’s new Mentor digital service aims to help SMEs plan ahead to ensure both business owners and their staff are well protected, as they return to their workplaces in the months ahead, and increasing numbers of staff return to full time employment in a much changed work environment. 

ALPIMA, the SaaS platform for investment management and product design, has appointed Karen Tierney as Chief Product Officer. A member of ALPIMA’s leadership team, Karen is responsible for ensuring ALPIMA’s strategy and product build up is aligned with customer needs and that new capabilities are prioritised, planned and executed effectively. 

Karen joins ALPIMA from DWS, having previously held roles at RBS, Barclays, Deloitte and The National Bank of New Zealand. 

Murex, the global leader in trading, risk management and processing solutions for capital markets, is pleased to announce a significant partnership and platform integration with DDCAP Group™ (“DDCAP”), a leading provider of asset facilitation and trade execution services, which will streamline booking and processing of Sharia compliant transactions by financial institutions worldwide.