Faced with an increasingly vigilant regulatory climate, financial services organisations are having to prepare for the continued growth of data alongside these pressures. Many governments across the globe are stepping up their investigations into enterprise activities. The European Union has been no exception, and in fact, has become more aggressive in its enforcement posture.

 Innotribe announces today that Hyperledger has won the 2015 Innotribe Startup Challenge, which includes a cash prize of USD 50,000. Hyperledger is a distributed ledger platform tailored for regulated financial institutions to eliminate reconciliation costs, prevent trade breaks and reduce settlement times and risk.

Oracle today announced its membership of standards organizations IFX Forum and BIAN. Oracle has been a leader in the creation and support of open standards to enable systems and technology to work together, providing both efficiency and choice to our customers. These new memberships extend Oracle’s commitment and contributions to international and national standards.

Today’s financial services companies and fintechs are challenged by increasing complexity in pricing, billing and invoicing, as well as more intricate & dynamic structures for pricing and evolving regulations. To help these organizations deliver better price execution, improve operations and meet revenue goals, Oracle has announced Oracle Financial Services Revenue Management and Billing Analytics to deliver valuable insights into all areas of the business.

Simudyne, the developer of Providence, the revolutionary simulation platform-as-a-service (PaaS), today announced the appointment of Dr. Steve Keen to its Advisory Board. Dr. Keen, the famous post-Keynesian economist, author and founder of the Minsky simulation software project is one of the few who predicted the financial crisis of 2007–08. 

Leading UK-based adviser management software firm Intelliflo has revealed plans to provide advisers with a simplified advice service. The capability, which will be embedded in its existing Personal Finance Portal (PFP), will enable advisers to service a broad base of clients, regardless of the size of their assets.

SmartStream, the financial Transaction Lifecycle Management specialist, today announced the launch of TLM Collateral Management adaptor to provide a full lifecycle of trading messages for the non-clearing OTC derivatives market. SmartStream were able to rapidly deliver the adaptor using technologies already in production with SmartStream’s TLM solutions.

This morning I attended a panel debate discussing how market infrastructures should approach innovation now that the industry is re-shaping itself post crisis. As it stands, there are still several precedents in place that serve as barriers to innovation within market infrastructures – but now, these barriers are slowly coming down and the question being asked is whether market infrastructures can, given the opportunity, be truly innovative.

 Banks are struggling to embrace and keep pace with digital disruption driven by changing customer expectations and a new generation of fintechs and other brands flooding the financial services market. Oracle is helping banks to deliver on their digital strategies including launch new digital brands, digitize processes, modernize digital experiences and launch new innovative digital capability, mobile payments and digital wallets.

CGI (NYSE: GIB) (TSX: GIB.A) today announced a new teaming agreement with San Francisco-based Ripple to bring innovative distributed financial technology capabilities to the CGI payments solutions portfolio.