In order to fully embrace using technology to deliver financial services, a move towards Open Source projects has often become the catalyst for digital transformation. However, despite many firms claiming to be 'the Uber of the industry' (whose technology was built on Open Source) there are many barriers and challenges to its use in financial services. 

FinTECHTalents, along with their partner, GitHub, have gathered a snapshot of viewpoints from senior leaders in the industry to look at whether Open Source is the Future for Financial Services.

FinTech Connect, the trade show that connects the global fintech ecosystem, has today launched a report which exposes a discrepancy between the number of companies investing in blockchain technology and their concerns around the future of the technology. 

Avelacom, the high-performance global connectivity and IT infrastructure provider for the financial services industry, has enhanced its high-speed network performance and joined Hong Kong Exchanges and Clearing Limited’s (HKEX) ecosystem of network service providers to offer the market’s lowest latency route between London and Hong Kong.

 Path Solutions, a worldwide provider of Islamic software solutions and services ranked first for the second year in a row in the annual bobsguide Software Rankings’ Islamic Finance category.

The bobsguide Software Rankings are reflective of the power of technological advancement in a vibrant fintech ecosystem. bobsguide tabulated nominations from across the globe in 36 categories. Path Solutions won over every other entrant in the Islamic Finance category.

Finastra today announced that it has joined the World Economic Forum. The move will see the company collaborating with industry leaders and policy-makers to drive change across financial services, world trade and beyond, to help build a better, sustainable future.

Plato Partnership, the not-for-profit company working to improve the European equities marketplace, and BMLL Technologies, the data engineering and analytics firm, today announced the launch of Platometrics, a new market quality metrics tool. Platometrics is the first service of its kind, providing market participants with a complete picture of trading data and trends from European venues, entirely free of charge.

Platometrics provides users with:

More than half of Brits (57%) would be happy to ditch all of their passwords and pins and replace them with biometric verification, according to new research from Equifax, the business and consumer insights expert.

Signicat, the Trusted Digital Identity™ company, and SurePay, a payment information service, have partnered to integrate SurePay’s bank account verification service with Signicat’s Digital Identity Platform. This pioneering partnership enables financial institutions and businesses in the Netherlands to cross-check the payee’s digital identity with their bank account details.

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, have participated in Oracle Code Explore Amman, which is the most exciting developer event of the year, held at the center of developer community in the region; Amman, Jordan.