Profile Software, an international financial solutions provider, announced today the release of its enhanced FMS.next Core Banking platform that incorporates a wealth of new functionality for Collections, Debt Management, Loan Origination and Management as well as Alternative finance for Digital Banks.

Misys has been recognised for its work with Habib Bank Limited (HBL) in the cash management and trade finance category of the 2016 Celent Model Bank program. The accolade celebrates the bank’s technology transformation which has unified cash management, trade services and supply chain finance onto a single, integrated digital platform.

The implications of a potential BREXIT for non-EU hedge fund managers are hard to fathom. At present, public opinion polls appear to be neck and neck although fund managers seem confident BREXIT is unlikely to occur. A survey by Aviva Investors in February 2016 found 20% of equity fund managers and not a single bond fund manager thought BREXIT would happen. Whether this is misplaced optimism will be revealed on 23rd June but hedge funds globally should be cognisant of some of the potential issues BREXIT could bring.   

The second White House panel discussion focused upon small business funding, an area close to my heart as it’s an area that has exploded with opportunity thanks to FinTech.  I often reflect that FinTech is not disrupting or destroying banking, but that FinTech is augmenting banking by serving markets previously unserved or underserved.  The unserved markets are those who are unbanked how now have mobile financial inclusion and mobile wallets (5 billion people); the underserved are the underbanked and Small to Medium Enterprises (SMEs) are definitely underserved.  Most of the time they go to

Daon, a global leader in mobile biometric authentication technology, announced today that it won a 2016 NAFCU Services Innovation Award. The Innovation Awards is the credit union industry’s most recognized awards competition for groundbreaking solutions. The annual competition highlights outstanding innovations that help credit unions thrive in an increasingly saturated financial services market. Daon was selected for its IdentityX^®Platform that benefits the credit union industry.
 

Broadridge Financial Solutions, Inc.  has entered into a definitive agreement to acquire the North American Customer Communications (“NACC”) business of DST Systems, Inc. (NYSE:DST) for $410 million in cash, subject to customary working capital and other closing adjustments.

To many people, the Internet of Things (IoT) still sounds rather futuristic. However, it is already here and improving lives on a global scale. In 2015,Business Insider reported 10 billion devices were connected to the internet, with the prediction of this figure to increase by 28 per cent to 34 billion devices by 2020.

 Datalliance announces immediate availability of the latest release of the cloud-based Datalliance VMI platform with a number of important new capabilities focused on enhanced productivity, flexibility and ease-of-use in several important areas. As with all releases, enhancements were driven by feedback from the global user community combined with Datalliance's vision for the continued evolution of the VMI process. New capabilities are available for immediate use by Datalliance customers and their trading partners at no cost, and with no need to install or upgrade software.