GoldenSource, the leading independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM), has announced the appointment of Xavier Gerardin as Global Head of its OnDemand solution.

Leading fintech company, AutoRek, is delighted to have been recognised at the Systems in the City Financial Technology Awards 2021 in both the ‘Best CASS Solution’ and ‘Best Wealth Management Solution’ categories and are excited to have achieved the accolade ‘Best CASS Solution’ for the second consecutive year. 

For many of us, our first experience of money came from the pocket money we received as children or through gifts from family members during the holidays. This money would then be eagerly stashed in a piggy bank to save up for the latest toy or treat.

USA home to a third of the world’s teller cash recyclers

RBR’s Branch Transformation 2021 reveals that the migration of cash away from the teller, declining footfall in branches, and a wider shift towards cashless payments led to a slight fall in teller assist units (TAUs) in 2020. However, the number of teller cash recyclers (TCRs), which account for the majority of TAUs, increased, and it is recycling technology which will drive growth over the coming years. 

Northern Trust has launched a machine learning-powered document capture capability as the foundation of a multi-year investment to digitize alternative asset servicing and enhance the experience for asset owner clients that invest in complex private market and unlisted assets.

Finastra has named HCL ‘Partner of the Year’ at its annual Partner Day, held virtually on June 29, 2021. The firm is being honored for its initiative in conceptualizing a highly repeatable, cost-effective Treasury-as-a-Service offering, built on Fusion Opics, and underpinned by Microsoft Azure, for small- and mid-tier financial institutions.

KX, a worldwide leader in real-time streaming analytics, has today announced enhancements to KX Flow, its white-label foreign exchange trading platform. The enhancements help financial institutions better manage market risk, with a new automated capability to optimise position and hedging strategies. Additional pricing and connectivity improvements further optimize pricing streams and enhance flexibility.

Cryptocurrencies remain extremely volatile. Bitcoin is consistently on track for topping their biggest monthly increase and decline. It faced one of their record-highs of 37.5% decline just this May 2021, and frequently sees drops like 37% drop seen in November 2018 and 40% slide in September 2011. Most recently, the price of bitcoin climbed to $34,805.19 Monday 28th June 2021, up 8% from where it stood at 5 p.m. ET Friday, after Mexican billionaire Ricardo Salinas Pliego encouraged its purchase.

John Dobson, CEO at SmartSearch, says: “The European Banking Authority (EBA) has this week highlighted a key issue in RegTech, which is the wide variability of quality and services in the market. This may well be hampering further adoption of the technology in the sector.

“We may have left the EU but of course we’re still doing business with the bloc and any moves they make towards increased regulatory standards will have to be reflected in the UK.