Path Solutions, the global Islamic banking software provider, today announced that Bank Assafa has gone live with the latest version of iMAL in its headquarters in Casablanca as part of its strategy to bring cutting-edge Islamic banking services to its new customer base.

One: Transparency to Drive Critical Changes

Transparency might be seen as an industry reaction to the global financial crisis. But, whether borne out of regulation, competition or client demand, it will drive the most critical changes in investment management this year. It has, in fact, become a vital issue for our industry and will be for the next decade.

The TALL Group of Companies, the UK’s leading provider of secure electronic and paper payments solutions is working with a growing number of high street banks that have all signed up as early adopters of UCN Plus^®, in a move designed to strengthen the industry’s protection against cheque fraud within the UK payments systems.

 Finastra today announced that it has extended medical insurance benefits to partners of its LGBTQ employees in India, as part of its drive to create a diverse and inclusive workplace. Same-sex couples who live together are now eligible for the same medical benefits as co-habiting couples from different genders.

 Yseop, the world-leading AI software company and pioneer in Natural Language Generation (NLG), today announced the launch of Augmented Analyst, a new enterprise-wide NLG automated report generation platform. Augmented Analyst is designed to help financial companies accelerate their digital transformation.

Ingenious today announces that its Infrastructure Ventures EIS Service has invested as part of a $6m A-series investment round in TeraView, the pioneer and leader in terahertz technology and solutions.

The investment is designed to ensure that TeraView retains its leadership in the growing terahertz market and continues to provide a high level of support to each of its customers across the world while also accelerating product & technology development, customer support, and sales & marketing by the Company.

 Global fintech company Paysend has partnered with Pakistan’s JS Bank to support the launch a new payment solution for freelancers. The ‘Freelance Wallet’ will enable freelancers in Pakistan, estimated at 1.15 million in number and earning in excess of $1 billion per year, to be paid on time and in full.

The JS Bank Freelance Wallet is an app-based solution to which payment can be sent using just a mobile number. The absence of relevant payment services in Pakistan has created much demand for a service such as this among freelancers.

THETA, the specialist provider of buy-side trading technology as a service, has appointed Peter Meddemmen as its Chief Technology Officer. 

Industry leading technologist, Peter has more than 30 years of experience in Capital Markets managing technology for multi-asset solutions across the full order-execution life cycle, including front to back workflows, risk, security, legal and regulatory framework.

In times of economic uncertainty, investors search for a fallback-strategy enabling them to securely diversify their portfolios. Investors’ requirements are demanding as their investments should both withstand tumultuous markets and, at the same time, maintain an adequate return. New York-based Asset Manager Direxion tackles this compromise by issuing a Swiss-army knife index strategy, which utilizes three lowcorrelating asset classes covering utility stocks, U.S. Treasury bonds, and commodities, to achieve an optimal asset allocation depending on market movements.