Profile Software, an international financial solutions provider, announced today the successful utilisation of Acumen, the independent treasury solution by Login SA, a Profile company, at Municipality Finance / Kuntarahoitus (“MuniFin”) based in Helsinki, Finland, to effectively manage and automate their operations.

Today, UK business critical software provider, IRIS Software Group, has announced the acquisition of school communication and payment collection software provider, ParentMail. The acquisition extends IRIS’s education software portfolio, building on its strategy to provide an end-to-end solution for managing finance, income, assets and communications.

Excelian, Luxoft financial services, the financial services division of Luxoft Holding, Inc., a leading provider of software development services and innovative IT solutions to a global client base,today announced the expansion of its office in Bangalore as part of the company’s strategic focus on the Asia Pacific region.

The question is… who will the customer choose to be their banking confidant in this new, open connected banking marketplace starting from January? The answer is the one you trust the most with your money and data. 

This is transformational and the first region is the UK. The total number of UK current accounts is 80 million, with 65 million active accounts generating £8.1 billion per year. Nine banks have 1 million accounts or more with the top 4 banks having a 77% market share. The next areas with pending Open Banking regulations are Europe and Australia.

Following successful trials over the last four months in Nakuru, Safaricom has today announced the availability of M-PESA 1Tap in Nairobi, Mombasa, Kisumu, Eldoret and Nyeri.

Top 20 UK accountancy firm MHA MacIntyre Hudson has appointed Edward Hooper as a director in its corporate finance team.

With more than 10 years’ industry experience, Edward will be responsible for leading the firm’s transaction services offering in London, acting for small and medium-sized businesses both in the UK and overseas. He will report to Robert Kidson, partner and head of the corporate finance team.

Business finance company MarketInvoice, has today announced the appointment of Julian Cassen as Senior Business Development Manager. 

CA Technologies today announced a new release of its CA Privileged Access Management (PAM) solution that addresses scalability and performance needs for departmental and geographical expansion. CA PAM 3.0 gives companies the ability to scale their PAM deployments across multiple departments, and provides Managed Service Providers (MSPs) a helpful way to manage multiple instances of the product for their customer base across platforms and infrastructures.

For financial institutions, the primary goal of digitisation is making banking simpler and more intuitive for customers. Biometric identification has huge potential, offering convenience, simplifying password management and providing a frictionless authentication process. However, combining the desire for ease of use with the need to improve security is a difficult balancing act.