Today, Insignis Asset Management, a new cash management company, launches to revolutionise how clients manage their cash deposits, a market forecast to grow dramatically in the coming years. The Insignis Digital Banking Network will enable clients to deposit cash, starting from £100,000, into a hub account, held in their own name, from where it is electronically distributed to bank accounts that give the best returns. Clients’ deposits receive FSCS protection up to £75,000 per person, per authorised bank.

 MasterCard cardholders in Singapore will soon be able to use Samsung Pay to make payments in a quick and secure way. Singapore is the first market in Southeast Asia to roll out Samsung Pay.

Path Solutions, the first Islamic IT provider, proudly announces today the successful upgrade of iMAL core banking system at Gulf African Bank in Kenya. The Islamic core banking system was upgraded to R14 on 30^th April 2016.

Gulf African Bank has scaled up its investment, upgrading to the latest Java version of iMAL as part of a major modernization project across its retail and corporate banking business.

 Horseshoe Group ("Horseshoe") acquires IKONIC Fund Services ("IKONIC") to form a leading independent fund administrator and insurance manager dedicated to both the Insurance Linked Securities and the alternative fund markets.

Algorithmic trading and market access are under increased pressure from regulators everywhere, adding new layers of complexity in the quest for a single, global, normalised trading experience. Buy-sides often use Sponsored Access (SA), Direct Market Access (DMA) or Direct Electronic Access (DEA) via brokers across different regions.

 FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the development of the FIX Protocol for use for transmitting MiFID II Transaction Reports to Approved Reporting Mechanisms (ARMs).