In continuation of my previous blog on Blockchain: Need of Future for Financial Industry, let us now try to understand one more path breaking revolution in the field of Accounting and Ledger maintenance. This will provide a better and efficient way of fund settlement between two parties domestically as well as internationally, where Foreign Currencies are involved.

Settlement and Accounting for Banks (Local and Foreign Currency)

Ingenico ePayments, the online and mobile commerce division of Ingenico Group, has announced that the innovative music and entertainment platform, TIDAL, selected Ingenico ePayments as its exclusive partner to help process increasing demand for its services and optimize the payment experience for its customers.

 Provenir, provider of risk analytics and decisioning solutions, today announces the integration of its platform with Salesforce to improve the execution of complex credit decisioning processes with increased transparency across platforms. Companies that use Salesforce for customer relationship management (CRM) can now connect to Provenir’s platform to run automated risk analytics and decisioning for credit and loan applications, as well as mobile payments and e-commerce transactions -- all from within their Salesforce environments.

 Sapient Global Markets, a leading global provider of business technology and consulting services for the financial and commodity markets, today announced the launch of RegRecon, purpose built to solve industry issues surrounding low match rates and regulatory reporting accuracy.

 InvestCloud, Inc, the first of its kind Digital Applet Platform for the financial services industry, supporting 660+ advisors and institutions with $1.5 trillion on platform, announced today the launch of their most advanced group of applets, BB8.

Misys has been named Best Portfolio Management Software Provider at the HFM European Hedge Fund Services Awards. Misys FusionInvest receives this award in recognition of its ability to simplify the investment management process, with a combination of market-leading portfolio management capabilities and a real-time investment book of record (IBOR) backbone.

 Global Cyber Alliance  will be collaborating with M3AAWG to push the security community to more quickly adopt concrete, quantifiable practices that can reduce online threats.

 Convergex, an agency-focused global brokerage and trading related services provider, is pleased to announce that it has further expanded its European-based electronic sales team with the recent hiring of Leila Mayet and Jeanine Cerligione. Both Leila and Jeanine join Convergex as Vice-Presidents and will focus on offering an enhanced level of service to Convergex's European clients. Leila and Jeanine join Frances Martin, also based in London, and report to John Holl, Head of International Sales and Trading.