Contego, the multi-source fraud detection platform, today announced that it has been selected to be part of the government’s G Cloud 8 Framework, a procurement platform that pairs cloud-based service providers with public sector organisations. Contego has joined a list of accredited suppliers under the Software as a Service (SaaS) category.

Contego currently helps banks, Fintech and property firms to reduce the risk of fraud and improve and automate compliance, Anti-money Laundering (AML) and Know Your Customer (KYC) checks and processes.

 SmartStream, the financial Transaction Lifecycle Management (TLM^®) specialist, today announced that its TLM Corporate Actions solution has once again achieved SWIFT Certified Application status.

In centralising securities’ transactions at its operations’ hub in Switzerland, BGL BNP Paribas Luxembourg sought a robust and efficient platform to enhance the overall management of its securities’ operation. The bank selected OLYMPIC Banking System to complete this task. By following the example of several other BNP Paribas Wealth Management banks which operate OLYMPIC Banking System, BGL is capitalising on the standardisation of the IT systems across the group and the excellent knowledge the bank’s teams have of the product.

eServGlobal's recent fund-raising and debt restructuring has put the company on a firmer footing, creating a healthy cash position to support growth. After a period of restructuring, the core business has a reduced cost base and is starting to show signs of positive contract momentum. HomeSend has used recent investment from the JV partners to strengthen the platform and focus on marketing the service. Successful recovery of the core business combined with adoption of the HomeSend platform should provide upside to the current share price.

European Commodity Clearing AG (ECC) has introduced a new membership model - the Direct Clearing Participant Model (DCPM).

The new model will allow trading participants to have direct access to trading and clearing of spot markets without the requirement of a clearing member which enables a greater number of players, in particular the smaller participants, access to wholesale spot markets and further increasing depth of liquidity.

Moscow Exchange is making changes to the liquidity support programme for its Derivatives Market from 1 September 2016 by adding options on Brent crude futures.

This year has seen record levels of trading activity in commodity derivatives. Average daily trading in options on Brent crude futures has soared 58-fold year-on-year to 13 thousand contracts, with the number of active clients increasing ten times over.

The Middle East Banking Innovation Summit with IBM as Lead Sponsor has brought together some of the biggest names in banking and technology under one roof to discuss the banking technology roadmap in the Middle East. The summit held at Palazzo Versace witnessed over 450 senior delegates in attendance from the leading banks in the Middle East region and across the globe.

Bursa Malaysia Berhad (“Bursa Malaysia”) today launched Bursa Malaysia-i delivering the world’s first end-to-end integrated Islamic securities exchange platform that offers investors the choice to invest and trade Shariah-compliant products via a Shariah-compliant platform.

Bursa Malaysia-i incorporates the full range of Shariah-compliant exchange-related services including listing, trading, clearing, settlement and depository services, to underscore Bursa Malaysia’s leadership as the global marketplace for Shariah listing and investments.

Oval Partners, a San Francisco based private equity firm, announced today the acquisition of Phoenix based Laser Options Inc.  Laser Options is a business technology organization specializing in managed print services with a 23 year history of delivering exceptional customer service.  They maintain a full line of copiers, printers, and document management solutions providing support and services to companies based in the Southwest marketplace.

The EU’s efforts to regulate financial markets has opened new opportunities for global fintechoperators looking for universal standards to tap into the lucrative 28-country marketplace. While over-regulation can stifle growth, the fintechindustry, in pursuit of consumer trust, has a lot to gain from a clearly defined regulatory framework.