With the cost of cybercrime in Europe rising to an average of €50,000 per incident – up from €10,000 the previous year – an attack can be very expensive for small to medium-sized businesses with limited resources.

SEI (NASDAQ:SEIC) today announced significant global momentum in its Private Banking business with seven new SEI Wealth Platform^SM (SWP) client agreements, another seven client implementations and 26 long-term recontract agreements with existing SWP and TRUST 3000^® clients in the last 12 months. SWP and TRUST3000 are part of SEI’s Global Wealth Management Services business, comprised of market-leading, innovative solutions designed to support the future growth of investment and wealth managers globally.

SunTec, the world’s #1 relationship-based pricing and billing company, has announced that their award-winning platform Xelerate is now available on IBM Z and IBM LinuxONE, the enterprise platform for mission-critical applications. This will allow large banks that host much of their applications and operational data on IBM Z to rapidly and non-intrusively enhance the capabilities of their legacy core systems, to deliver contextual and hyper-personalized customer experience and offerings.  

We are delighted to announce that BMLL Technologies won The Trade News ‘Editors’ Choice & Fintech Award’ for ‘Best Data and Analytics Innovation’ during the 2021 Leaders in Trading Event, held on 17 March 2021. 

Global fintech MODIFI announces a new 60m USD debt facility with Silicon Valley Bank (SVB), bringing its total raised capital to 111m USD. The facility from SVB's German Branch will be used to address increasing demand in existing markets, as well as fuel MODIFI's continuing growth and finance buyers and sellers in new geographies, particularly the US.

HPS, the leading global provider of payment solutions, today announced a new partnership with Utimaco, a leading global provider of IT security solutions. As part of the partnership, HPS has integrated Utimaco’s hardware security module Atalla AT1000 into PowerCARD, HPS’ comprehensive suite of solutions that covers the entire payment value chain.

Anyone new to the world of retail foreign exchange trading might not have come across the full range of strategies on offer just yet. But do some reading online about the different strategies available to traders and you’re likely to find that scalping comes to the fore quite often. This particular trading strategy is often described as a good one for newbie forex traders to explore – but is that true? Here’s what you need to think about. 

Leading global fintech Gresham Technologies plc (Gresham) that specialises in providing solutions for data integrity and control, banking integration, and payments and cash management, today announced that it has appointed Harvey Colborne to lead business development and sales across the UK and Ireland. 

Juerg Hunziker is stepping down as CEO on 31 March 2021. He joined Avaloq in 2016 and assumed the CEO role in 2018. Armed with 30 years of experience in developing financial technology companies, he transformed Avaloq from a founder-driven firm to a mature, scalable business. His efforts culminated in Avaloq’s acquisition by NEC at the end of last year. Following his personal decision to withdraw from the CEO role at the end of March 2021, he will focus on interaction with existing and prospective clients of Avaloq as its Senior Advisor to the Group Executive Board.