VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading worldwide provider of information technology (IT) consulting and outsourcing services, today announced that it has been awarded two Stevie Award recognitions; a Gold award for Investor Relations and a Silver award for Most Innovative Technology Company of the Year. The American Business Awards are presented by the Stevie Awards, a U.S.-based business awards program.

Bank of America reports a comprehensive redesign of its award-winning mobile app that includes easier navigation and the ability to set the language to Spanish, in addition to other features that make it easier for customers to control their finances from the palm of their hand.

Nuance Communications, Inc. has signed a definitive agreement to acquire TouchCommerce, 

S21sec, an industry-leading company specialized in cybersecurity, has announced that it has collaborated again this year with the European Cybercrime Centre (EC3) of Europol through high-level training sessions on security in banking payment systems held last week –from 11 to 15 July– in Avila (Spain).

According to a report by the British Banker’s Association, payments via apps rocketed 54% in 2015, reaching a value of £347m.  This is because consumers are increasingly turning to apps to make banking more convenient, with mobile-only banks cashing in on this insatiable appetite for convenient banking.

 InvestCloud, the global cloud-based digital applet platform for financial services, has been awarded with the accolade of ‘Best Newcomer’ at this year’s System in the City Awards. The ceremony, which took place at The Banking Hall, in the City of London, acknowledges the best of the systems suppliers within the regulated financial services industry. 

Mohit Dwivedi has joined GFT, the leading provider of business, design and technology consulting to the financial services community, as Principal Architect, Data Technology.

FICO’s latest consumer finance trend research has revealed that 37 percent of Millennials aged 25-34 are concerned about their level of debt, while 33 percent of them are interested in getting assistance to help manage their debts.

After residential mortgages, the biggest debt burden for this age group is student loans, with 32 percent of Millennials saying they owe $20,000 or more. A close second is auto loans, with 45 percent of Millennials reporting they owe $7,000 or more.

 Fiserv, Inc.  a leading global provider of financial services technology solutions, today announced the availability of a new tool, Grapevine6, to enable the delivery of relevant articles and digital content through the Wealth Management Network from Fiserv. This will allow financial advisors to grow their networks and build rapport with their clients by becoming a source of information that can better help them meet their financial goals.