Fnality International (Fnality), delivering the means of payments on-chain for tomorrow’s financial markets, is pleased to announce key additions to the senior management and advisory team. Gary Chu joins as General Counsel and Adam Clarke as Chief Technology Officer (CTO), with Daniel Heller joining as Head of Regulatory Affairs.

Prior to joining Fnality, Gary was Legal Counsel and an Executive Director at UBS and a key participant in the consortium of financial institutions who created the Utility Settlement Coin (USC) Project which led to the establishment of Fnality.

Profit distribution is a critical function that impact’s a financial institution’s reputation and market share.

ETHIX by ITS offers a technology solution for the effective delivery of all Islamic banking instruments such as Murabaha, Financing Ijarah, Tawarruq, Salam, Istisnaa and more. The ETHIX Islamic Finance and Microfinance modules facilitate:

• The Establishment of finance according to the Shariaa workflow
• Instalment Payments
• Rescheduling  of instalments
• Payoffs
• Roll Over Deals
• Early Payments
• Inventory Management

Gemini Trust Company, LLC (Gemini), a leading cryptocurrency exchange and custodian, announced today that David Damato has joined as its Chief Security Officer. Damato will lead Gemini's security program as it continues to deliver the most secure exchange and custody solution in the cryptocurrency industry. He brings more than 20 years of security leadership experience and will report directly to Gemini's Chief Executive Officer, Tyler Winklevoss.

Built using the latest security standards, the ETHIX Digital Solutions range can be integrated into any core banking system to allows banks to serve, communicate, and market to their customers fast and cost effectively. The software suite enables financial institutions to offer an exceptional online banking experience whilst improving operational performance.

Emirates NBD, a leading bank in the Middle East, has partnered with SAP, a market leader in enterprise software, to become the first bank globally to implement SAP Financial Services Data Platform. It is powered by SAP in-memory data platform, SAP HANA and can now deliver customer intelligence across all Emirates NBD Group market segments, entities and countries.

Financial IT interviewed Gabriel Moynagh, CEO at Sysnet Global Solutions.

Sysnet is one of the fastest-growing providers of cybersecurity and compliance solutions in the world.

Headquartered in Dublin, it provides solutions that enable international banks and payment service providers to support their business customers in being PCI compliant and safe from cybersecurity threats.

Now available in the UK, Oracle Banking Enterprise Originations solution will help banks and building societies transform residential, buy-to-let and SME mortgage origination. Using design principles of open architecture, progressive data decisioning and complete process automation the solution will enable lenders to process mortgage applications far more efficiently by utilising best-in-class digital technologies.

Almost three-quarters *(73%) of respondents to an MHR Analytics Twitter poll revealed they are not confident about their data and numbers on month-end closes and audit submissions.

The findings from the survey of 1,000 respondents underline the increasing pressures facing finance teams.

A separate **survey showed the new IFRS 16 lease accounting legislation to be taking its toll, with 30% of respondents calling it ‘complex,’ 17% ‘resource heavy’ and 24% ‘time consuming.’

The 21-century payments industry is part of a sector that has come to reward FIs prepared to push the boundaries by finding new, innovative ways of making money management user-friendly and convenient. Similarly, it does not suffer fools gladly. Mistakes are not easily forgiven.