The advent of blockchain heralds the biggest change in banking for 400 years. Banks were originally established to lend and safely hold money and to act as a central point of authority with the banking ledger being the absolute record of truth held by an independent third party.  With blockchain, we now have a centralised distributed digital ledger.

Saxo Bank Group (“The Group”) reported a positive net profit of DKK 401 million for 2017, an increase of 33 per cent compared to 2016. Client collateral deposits continued to rise to DKK 103.6 billion while the operating income for the group was DKK 3.0 billion, a three per cent increase compared to 2016.

Saxo Bank Group continued to strengthen its capital position with the total capital ratio for the Group reaching 22.7 per cent as of the end of 2017 compared to 19.5 per cent at the end of 2016, thus retaining a comfortable buffer.

For UK senior executives who admit their organisations have suffered at least one significant cybersecurity breach within the past two years, the associated costs of a breach are considered the most important consequence. This is according to a new study by Centrify, a leading provider of Zero Trust Security through the power of Next-Gen Access, commissioned through Dow Jones Customer Intelligence.

Today marks the launch of SmilePass, the leader in a new category of ‘biometrics authentication as a service’ for insurers and financial services providers. Its game-changing technology helps build trusted communities, by protecting financial institutions and their customers from fraud, social engineering and theft.

FactSet, a global provider of integrated financial information, analytical applications and industry-leading services, today announced that active asset manager J O Hambro Capital Management (JOHCM) selected FactSet as its investment risk management and reporting solution.

Milestone Group, provider of managed technology solutions for the investment management industry, today announced changes to the senior management team as it aligns the business to focus on its evolving market, clients and successes.

Sageworks, a Raleigh, N.C., headquartered firm that offers lending, credit risk and portfolio risk solutions to U.S. banks and credit unions launched an integration with the Salesforce.com, inc.™ customer relationship management (CRM) platform.

Institutions may be using this CRM for sales, service and marketing operations, and with the new integration with Sageworks, institutions can simplify information sharing between lending, credit and portfolio risk teams.

Users of the integration will now be able to:

Hedge Trackers, a premier provider of hedge program management solutions for foreign currency, interest rate and commodity risk, today announced that early adoption of ASU2017-12 is being supported through its outsourcing services and its derivative accounting software, CapellaFX.

LexisNexis Risk Solutions, a global data technology and advanced analytics leader, announced today that its parent company, RELX Group, has closed the acquisition of ThreatMetrix. ThreatMetrix will become part of RELX Group’s Risk & Business Analytics segment, which includes LexisNexis Risk Solutions.