MBNA have produced research into what retailers should be doing to prepare for a wearable payments explosion. 72% of consumers believe wearables are the future of in-store shopping, according to a survey from Vista Retail Support.

Bats Global Markets, Inc. (Bats: BATS) has announced plans to acquire Javelin SEF, LLC (Javelin), a Swap Execution Facility (SEF).

The deal is intended to accelerate Bats’ plans to offer trading of non-deliverable forwards (NDFs) for the foreign exchange market. Javelin currently offers trade execution for swaps through a combination of an anonymous Limit Order Book and a Request for Quote model.

Dodd Frank provisions mandate that certain market participants trade NDFs on SEFs. The market is regulated by the Commodities Futures Trading Commission (CFTC).

Financial IT Interviews John Graham, Vice President of Marketing, Solarflare

From 12^th August 2016, insurers risk being caught out unless they open up a two-way customer communications process in line with The Insurance Act 2015. The new legislation includes a ‘duty of fair presentation,’ which ensures all parties must have a proper understanding of risk and the factors involved; this means insurers must now place a greater focus on communicating with their customers than ever before. Fair disclosure and presentation of information has to occur from both sides, with insurers and their customers needing to share the right information at the right time.

IHS Markit Ltd, a global leader in critical information, analytics and solutions that drive economies and markets worldwide, today announced new levels of automation for the syndicated loan market through enhancements to its WSO software and services.  

kyc.com, the joint venture between IHS Markit (Nasdaq: INFO) and Genpact (NYSE: G), today announced a strategic partnership with Dow Jones, Exiger and Regulatory DataCorp (RDC) to deliver an end to end know your customer (KYC) process integrating compliance, onboarding, sanctions, screening, negative media searches and client risk assessment. The alliance of these global firms will drive standardisation and compliance across regulatory regimes and multiple jurisdictions.

Legg Mason, Inc. ("Legg Mason") announced that it has reached an agreement with Bill Miller for the acquisition by Mr. Miller of all of Legg Mason's interests in LMM LLC ("LMM"). As a result, Mr. Miller, together with companies he controls, will own 100% of LMM.

LMM provides investment management services to Legg Mason Opportunity Trust, Miller Income Opportunity Trust and related strategies. There will be no changes to the investment team or portfolio management responsibilities as a result of the transaction.