Gresham, the leading software and services company that specialises in providing real-time transaction control and enterprise data integrity software is pleased to announce its interim results for the six months to 30 June 2016.

Highlights include:

·         Total revenues up 10% to £7.8m

·         Clareti revenues up 46%

·         Total recurring revenues up 16% to £4.3m of which Clareti is up 47%

·         Investment in sales & marketing up 45%

ING Wholesale Banking has announced the launch of ‘Virtual Cash Management‘ (VCM), a comprehensive digital cash management solution for corporates. VCM is designed to help treasury functions reach a next level of optimisation by facilitating centralised cash management with high cash visibility, access and control.

The Monetary Authority of Singapore (MAS) today announced the opening of its FinTech Innovation Lab. The purpose-built facility, known as Looking Glass @ MAS¹, is located within the MAS Building.

2   Looking Glass @ MAS will serve the following purposes:

The push for digital transformation is now coming right from the top in banking, as CEOs want their organisations to forge ahead of the competition.

The pressures are building up on all sides. On one flank, established banks are under attack from leaner Fintechs and challenger banks that are unencumbered by legacy systems and can use data and automation to interact with customers more snappily and imaginatively.

Cloud computing is a topic which has been at the heart of IT discussions in recent years across the market. Industries of all shapes and sizes have made strides into using public cloud to benefit from greater access from different devices, lower costs and improved collaboration. Yet in financial services (FS), the challenges presented by using public cloud services are still a major barrier to benefitting from its promise. In fact, at a recent meeting with IT leaders at UK and international banks, we discovered that the use of public cloud is being held back by a variety of reasons.

HCL Technologies (HCL), a leading global IT services company, has been positioned as a “LEADER” in Everest Group PEAK Matrix™ for Global Banking IT Outsourcing Services. As per the report “IT Outsourcing in Global Banking – Service Provider Landscape with PEAK Matrix™ Assessment 2016”, HCL’s strong digital vision and high focus on innovation are some of the strengths cited by its clients.

 XOR Data Exchange, an Austin-based startup which helps companies leverage data to mitigate fraud and credit risk, has built and deployed a Dark Web and Internet intelligence platform called Lumen.

An odd paradox exists in the way capital moves around the world — or doesn’t — from developed to developing countries.

A few specific technology hurdles halt the flow of money, at the personal level, from transferring wealth to and investing in emerging markets. Issues with ledgers of exchange, unique identifiers, transfer costs and points of access all impact capital flows across borders.

Innovative firms have made strides developing solutions for each, but a comprehensive technology answer still remains to be found.

 Federated Wireless, Inc., a developer of cloud-based wireless infrastructure solutions to extend the access of wireless cellular networks, today announced that its agreement with Google, Intel, Nokia, Qualcomm and Ruckus Wireless to develop, market and promote solutions using the 3.5 GHZ Citizens Radio Broadband Service (CBRS) band has been formalized with the official incorporation of the CBRS Alliance.