Financial Organisations take a lot of calculated risks. Pros and cons are weighed up, and choices are made. Questions like should we enter market X, should we go into partnership with organisation Y, and should we take a loan to get product Z onto the market. These are proactive choices an organisation can decide upon and own. However, not everything that occurs is controllable without adequate planning and preparation. At a time when downtime is unacceptable, business continuity is critical.

Hargreaves Lansdown (HL) has selected Ecospend, the UK’s leading Open Banking provider, to provide a “pay by bank” service for its clients. Ecospend’s solution will allow HL’s clients to make payments directly to their HL accounts more easily and securely and without the need for cards. 

Yoma Bank, one of Myanmar’s most progressive banks, has completed the migration of its in-house processing centre to Compass Plus Technologies’ award-winning payments platform, TranzAxis. The bank was looking to expand and modernise its processing business, to do so it needed a reliable partner and scalable solution to meet its current needs and future requirements.

Qumulo, the leader in data storage and management at scale, today announced it has been named Hewlett Packard Enterprise’s (HPE) Global Storage Partner of the Year 2022.

Fusion Risk Management, Inc. (“Fusion”), a leading provider of operational resilience, risk management, and business continuity software and services, today announced the expanded functionality of its Dynamic Response capability as well as the launch of Fusion Intelligent Incident Manager to deliver resilience that is both agile and interactive.

 Velexa, a recently launched WealthTech, today announced the launch of their Investing Platform as a Service with embedded API and front-to-back B2B2X technology.

The Bank of London, the world's first purpose-built global clearing, agency and transaction bank, has teamed up with SAP Fioneer, a leading global provider of financial services software solutions and platforms, to transform and simplify global clearing and transaction banking.

Scality announced today that Scality ARTESCA lightweight, cloud-native object storage software is now officially supported on VMware vSphere/ESXi virtualisation environments. This provides production-level ARTESCA virtual machine (VM) support for vSphere users, with functionality equal to that on physical servers, along with additional deployment flexibility.

Germany’s slow progress towards using cards over cash was dealt another blow in recent weeks as thousands of card reader terminals across the country suddenly stopped being able to accept Visa payments. Retailers were suddenly having to announce to customers that they had to pay by cash, Mastercard or another form of payment since every H5000 card reader was unable to connect to a network operator to carry out transactions. Although it was mostly older card readers that were affected, even larger chains like Aldi and Zara experienced problems.