Define your IT innovation strategy or risk becoming irrelevant, according to insurance leaders. Almost daily, a new disruptive technology is developed with far-reaching effects on the industry.

There is no turning back. AI, Blockchain, Machine Learning and IoT become more commonplace every day. By 2025, according to current estimates, there will be more than 50 billion IOT devices; the number is expected to grow to one trillion by 2030.

Wealth management fintech firm JHC Systems (JHC), has appointed Alan Cole as Head of Cloud and Operations to deliver its Software-as-a-Service (SaaS) solution for wealth managers.

Previously holding positions at Finastra and Temenos, Alan brings unrivalled experience running Cloud Operations for financial institutions globally across banking, wealth and investment management.

JHC’s SaaS offering will allow clients to benefit from the continuous delivery and integration of highly available, cost effective and secure wealth management solutions via Cloud.

Cyber criminals continued a barrage of attacks in 2019, spurred on by botnets of infected IoT devices and by attacker interest in the Eternal Blue vulnerability. A new report from cyber security provider F-Secure, Attack Landscape H2 2019, documents a steep increase in attack traffic in 2019 that was unmatched by previous years.

ZILLIONe, the internationally networked enterprise solutions provider, recently completed the successful implementation of the latest reconciliation software by SmartStream, the Transaction Lifecycle Management (TLM^®) solution provider – for People’s Bank. The solution will enable People’s Bank, to have a consolidated view for all electronic transactions.

OTB Ventures (OTB), a leading venture capital fund specialised in investments in technology companies in Central and Eastern Europe (CEE), today joined the Draper Venture Network (DVN), a global alliance of 22 independent venture capital firms across 5 continents, with $1.6 billion in collective assets. DVN is an alliance of independent VC firms that connects leading entrepreneurs and investors around the world. The alliance will provide OTB’s portfolio companies access to a global network of corporate relationships, business development opportunities and the wider investing ecosystem.

Fiserv, Inc., a leading global provider of payments and financial services technology solutions, today announced that it has acquired MerchantPro Express as part of a broader strategy to expand the Fiserv merchant services b

Klarna, a leading global payments and shopping provider, is pleased to announce that Ant Financial Services Group, owner and operator of the world’s leading payments and lifestyle platform Alipay, has taken a minority stake in Klarna, as the two companies deepen their partnership to bring more innovative and convenient financial services to consumers worldwide.

State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the appointment of Kim Hochfeld as a senior managing director and global head of the firm’s cash business, within the Global Institutional Group. (Photo available)

Hochfeld, who has over 25 years of experience and will join the firm in Q1 2020, was most recently with Morgan Stanley Investment Management where she was a managing director and head of liquidity distribution for EMEA and Asia.

Spotcap, a multinational fintech, and Cembra Money Bank have partnered to launch a new digital lending service for Swiss small and medium-sized enterprises (SMEs) named Cembra Business.