Object Trading, a provider of multi-asset trading infrastructure, announced today that it has been fully approved by BM&FBOVESPA in Sao Paulo, as a conformed ISV to handle market data, order entry and pre-trade risk constraints via its Direct Market Access (DMA) Platform for its clients and partners. BM&FBOVESPA’s recent requirements for direct connections, in lieu of order routing partnerships, takes effect today.

Simplicity and flexibility.

In the many conversations our teams have with corporate treasurers working in multinational organisations around the world, these are the two words we find constantly repeated.

This is hardly a surprise. It does, however, beg the question as to why this is still such an issue in the world of B2B payments and what needs to be done to simplify it.

A simple answer

The banking industry has seen fundamental changes in the past ten years as a result of the Global Financial Crisis (GFC). In the aftermath of this crisis, the regulatory environment has been overhauled in an attempt to prevent such a crisis reoccurring in the future. However, through the repairing of financial institutions and focus on the basic rebuilding of balance sheets and profitability, not to mention trust, innovation and customer centric thinking has been largely ignored, allowing Fintech businesses to grab share of the industry.

Oaktree Capital Group announced that David Kirchheimer has decided to retire as Oaktree’s Chief Financial Officer and member of its Board of Directors, effective March 31, 2017. At that time, he will transition to serving as an Advisory Partner for the firm. Effective April 1, 2017, Daniel Levin, Managing Director, Head of Corporate Finance and Chief Product Officer, will assume the role of Chief Financial Officer.

A failure to grasp how data is used across the business is one of the most common barriers facing large enterprises today, according to a new whitepaper published by GoldenSource.

Visa, announced it is accelerating the adoption of secure, digital payments by allowing third party partners to offer Visa Token Service (VTS).

Samsung Electronics announced Samsung Pay will add three new countries to the roadmap including Malaysia, Russia and Thailand, which will bring the convenience of the service to 10 countries by the end of 2016. Samsung Pay also announced a global partnership with Mastercard to offer a simplified online payment and express checkout solution through its digital payment service Masterpass, starting early next year. Hundreds of thousands of merchants in 33 countries currently accept Masterpass for online payments.