Logical Glue, a leading provider of white box machine learning for better decisions in the financial services sector, has conducted research into consumer borrowing habits in the UK. It found that the average person has had over eight loans in the past and traditional banks are still the most popular route to finance (83%). However, the younger generation is bucking the trend for obtaining credit from traditional routes, embracing alternative lenders while also seeking advice from peers and online reviews for their lending decisions.

HCL Technologies (HCL), a leading global IT services company, has been identified as a leader in two of the Everest Group’s 2017 PEAK Matrix™ assessments. HCL was recognized for its Global Banking Application Outsourcing Services as well as for its Global Capital Markets Application Outsourcing Services.

Metro Bank, the revolution in British Banking, has today announced the appointment of Martyn Atkinson as Chief Information Officer (CIO).  Martyn, currently Director of Digital and Change at the bank, will take up the new role on 4 September 2017.  He will report to the CEO, Craig Donaldson, and will be a member of the bank’s executive leadership team.

Park Place Technologies announced today that it has completed the largest acquisition in the company’s history, acquiring NCE Group Limited (NCE), a global provider of third-party data centre maintenance and repair. While the terms of the transaction were not disclosed, this acquisition substantially increases Park Place’s global client portfolio and European presence. The companies plan to immediately begin integrating operations, channel partners, customers and employees, adding more than 280 individuals to Park Place Technologies’ current staff.

LGT, a leading international private banking and asset management group owned by the Princely House of Liechtenstein, has chosen Wolters Kluwer’s OneSumX to provide its regulatory reporting and risk software for its Asian operations.

Exonar, a leading provider of General Data Protection Regulation (GDPR) data mapping and data inventory solutions, has announced the results of its UK GDPR Preparedness Survey which found that 77% of respondents say they are on course to be GDPR compliant by May 2018. 

Temenos (SIX: TEMN), the software specialist for banking and finance, confirms that Arab Bank for Investment & Foreign Trade (Al Masraf) has selected its UniversalSuite, a front-to-back solution that enables banks to offer a user-optimized experience across channels and business lines.

A global leader in online multi-asset trading services and foreign exchange solutions for individuals and businesses, OANDA recently extended a new cross-border money transfer solution to clients in Germany. Already available in the UK, US, Canada and Australia, the German launch of OANDA Money Transfer further builds on the firm’s recent alliance with global payment services provider, The Western Union Company, which was implemented earlier this year.

Torstone Technology, the leading provider of post-trade securities and derivatives processing, today announces that N+1 Singer, an independent corporate broking, advisory and trading house focusing on small & mid-cap companies, has selected Torstone’s Inferno^RC module in order to comply with the transaction reporting obligations of the Markets in Financial Instruments Directive (MiFID II) and its accompanying Regulation (MiFIR).