IoT or to use its full name, Internet Of Things is a term to describe where "things" in every day use will become connected digitally to networks seamlessly. A great deal of media has been devoted to IoT in everyday things such as clothing. However IoT covers far more than networked sensors in your sneakers or jacket. Wherever you look, things from cars to home appliances to wearables are becoming networked in this network of data collection and interconnectivity. No industry or sector is immune from IoT.

 The Financial Accounting Standards Board (FASB) recently voted to finalize the effective date of its proposed regulations on measuring loan-loss reserves. The sweeping regulations will require a forward-looking “expected loss” (CECL) approach instead of the “incurred loss” approach effective today. For public businesses entities (PBE) that meet the definition of an SEC filer, the final standard will be applicable from December 15, 2018, including interim periods.

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced that its SafeNet Luna EFT (Electronic Funds Transfer) Payment HSM (Hardware Security Module) supports new standa

Mercantilism is economic nationalism for the purpose of building a wealthy and powerful state. Adam Smith coined the term “mercantile system” to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports. This system dominated Western European economic thought and policies from the sixteenth to the late eighteenth centuries. The goal of these policies was, supposedly, to achieve a “favorable” balance of trade that would bring gold and silver into the country and also to maintain domestic employment.

BPC Banking Technologies, a world leading provider of payment solutions, announces that its solutions were selected by Cosmos Co-operative Bank, India to replace the existing legacy payment platform. SmartVista suite was chosen after a thorough evaluation process as the unique solution to meet the bank’s business requirements ahead of 5 other companies. The first roll out of services will see online secure ecommerce solutions live in 2015 with full launch of all services in the first quarter of 2016.

Akana, a leading provider of API Management, API security and Cloud Integration solutions, announced today that Aeromexico, Mexico’s flag carrier, has selected Akana’s API management platform to enable its transformation into a digital enterprise. By enabling secure and manageable application programming interfaces (APIs) for Aeromexico, Akana gives the airline the ability to be more agile in its IT operations while safely exposing multiple backend systems and data sources to partner firms.

 Vermilion Software, the leading supplier of client reporting and communications software, today announces its victory at the Funds Europe Awards 2015. The honour, for ‘European Operations & Technology Provider of the Year – Back and Middle Office’, was received at the Tower of London on 26 November.

Vermilion was shortlisted alongside industry heavyweights Milestone Group and SS&C GlobeOp. It was therefore the only best-of-breed client reporting vendor to reach the last three.

ITG, a leading independent execution broker and financial technology provider, announced that ITG RFQ-hub, ITG’s multi-asset system for OTC (over-the-counter) assets, is expanding in Asia Pacific in line with global growth across the platform. 

Leading financial software company corfinancial has bolstered its leadership with two key appointments to its salerio team.

To lead its ongoing strategic expansion, corfinancial has appointed David Veal as Senior Executive: Strategy and Product Management.

David will assume responsibility for positioning corfinancial as a market leader in the fast moving post execution services market in Europe and North America.

Demand for cybersecurity executives is dramatically increasing as cyberattacks have grown and boards and company leadership sharpen their focus on data security, according to the quarterly Executive Monitor released today byBoyden Global Executive Search.