Google Cloud today announced Datashare for financial services, a new solution designed to empower the entire capital markets ecosystem—market data publishers like exchanges and other providers, and data consumers, like investment banks, asset managers, and hedge funds – to share market data more securely and easily.

There is a huge transformation underway in the financial services industry. Over the past year – as a result of the COVID-19 pandemic – clients have been forced to take on more of an active role in monitoring and planning for financial uncertainty. But the big change is that these clients have become much more emotionally invested in their organisations’ financial wellbeing.

Commenting on US GDP and pandemic-low jobless figures, Ali Jaffari, Head of North American Capital Markets at Validus Risk Management, said: “US initial jobless claims and QoQ GDP came in slightly lower than consensus estimates at 406K and 6.4% respectively. Employment data remains a key focus for the Fed and a continued convergence to pre-pandemic levels will certainly drive the thinking on tapering discussions.

RIMES, the global leader in Managed Data Services (MDS) for financial institutions, today announces that Brad Hunt has been appointed CEO. The appointment comes as the business accelerates the development of its innovative data management solutions for the asset management industry.

SnapLogic today announced the latest release of the SnapLogic Fast Data Loader, making it fast and easy for an IT specialist, data engineer, or business analyst to load data into a cloud data warehouse.

The global adoption of smartphones and mobile internet paved the way for a  universal mobile payment ecosystem coexisting alongside established ‘offline’ technologies such as  physical credit cards. According to a report by GSMA, the number of registered mobile payment accounts  grew by 12.7 percent globally to 1.21 billion accounts in 2020, and exceeding, for the first time, a daily  transaction volume of over USD 2bn. The report expects the USD 3bn mark to be surpassed by 2022.

Ian McKenna, founder of AdviserSoftware.com and the Financial Technology Research Centre, comments on M&G’s appointment of Ignition Wealth to develop a new hybrid advice proposition: “This morning‘s announcement about M&G committing to a hybrid digital advice proposition is a significant win, not just for the two organisations, but for the whole digital advice, advice tech and fintech sector. M&G are the company that used to be known as Prudential, one of the most emblematic brands in UK personal finance.

Online shopping has exploded in the past decade. In 2015, e-commerce accounted for 7.4 per cent of global retail sales. In 2020, this had grown to 18 per cent with projections of a rise to 21.8 per cent by 2024. This is good news for businesses, as online platforms are allowing them to reach new customers and drive more sales.

Analysts of the European P2P investment  platform Robo.cash claim that more than 60% of all visits on selected Nordic P2P lending websites are local. At the same time, most of the developed Western European countries show an equal distribution of domestic and foreign demand.