The Board of Guernsey Finance announces the departure of its CEO, Dominic Wheatley after more than five years of service.

Mr Wheatley will leave the promotional agency on the 30 June 2020, having been in the role since December 2014.

Chairman Lyndon Trott said: “The board is grateful to Dominic for his commitment and performance over the last five years. We move forward from a positive base with a strong team and strategy established, and on the back of very positive outcomes during 2019.

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its MF Info Xchange service, the first offering of its kind to standardize communications for the mutual fund industry, has been enhanced with new efficiencies and capabilities, including integrating the offering with other DTCC mutual fund services.

Currencies Direct, the leading international payments provider, has appointed Pedro Batista as Chief Payments Officer.

The newly created role will see Batista lead the organisation’s payments strategy – managing extensive banking relationships and the delivery of innovative payment solutions to enhance Currencies Direct’s product range and deliver a cutting-edge service to its clients.

Technology is advancing at a rapid pace. This not only favors the development of new products that facilitate users’ lives, but also becomes a new attack vector for attackers, who see fresh opportunities to obtain economic gain.

This is why companies invest part of their profits in the application of security measures to reduce attacks and provide their customers with greater security.

5 ways that digital technology can help small businesses

Technology is growing fast and ever-changing. Processes are becoming more efficient and many companies are reaping the rewards through increased efficiency and better system monitoring. It is not just large businesses that can benefit. Here are 5 ways in which digital technology can help small businesses.

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Financial IT speaks with Patrik Hug, Chief Sales Officer of Unblu at MoneyLIVE

The Bank of Lithuania is stepping up its research into the implications of offering a central bank digital currency, publishing a new research paper highlighting CBDC design choices as well as monetary policy and financial stability implications.

India's YES Bank has launched an online marketplace where startups from a host of sectors can pitch tools integrated with the lender's APIs.

Digitally native neo-banks will continue to differentiate themselves in the market in 2020 by the experience they offer to customers. As a result, these banks will begin to pick up the critical minimum number of customers to become profitable, taking away share of wallet from the incumbents. This is set to unsettle traditional, incumbent banks, forcing the realisation that it’s no longer viable to just put a thin customer experience marketing veneer over traditional cost saving and revenue generation projects.