Last year’s interim Competition and Markets Authority (CMA) report into retail banking allowed the banks to breathe a little easier. Their worst fears were not realised – they weren’t to be broken up. Instead, the recommendations were that they should advertise the 7-day switching service more aggressively, and nudge customers to review their financial situation at certain ‘trigger points’.

Fidessa reports that it has won the award for Most Innovative Market Data Project at the 2016 Inside Market Data Awards, hosted by Inside Market Data, Inside Reference Data and Waters Technology. The award was presented for Prospector, Fidessa's new liquidity tool that enables sales traders to quickly discover trading and crossing opportunities that would otherwise not be found.

The aim of the EU’s new General Data Protection Regulation (GDPR) is to drive the modernisation of Europe’s data security practices and, at the same time, harmonise the national laws that each member state enacted as a resulted of the now-defunct Data Protection Directive.

A recent Lloyds Bank survey revealed that a quarter of Brits think that in just five years’ time they will no longer need cash and the culture of convenience is set to have an increasing influence upon the cashless Revolution. Transport for London (TfL) is one of those leading this cashless trend with 3.2 million commuters (some 35,000 people a day) paying for journeys with their mobile devices since Apple Pay’s launch. Once Android Pay is available this figure will rise further.

Allegro Development Corporation, a leading provider of commodity management software, announced today that Energy Risk Magazine’s editorial board selected Allegro as the Energy Trading and Risk Management Software House of the Year for 2015.

Temenos, the software specialist for banking and finance, today announces a great transfer in wealth from aging baby boomers to younger generations is reshaping the wealth management industry in ways that demand greater efficiency and adaptation by incumbent firms, according to a new report today from Temenos and Forbes Insights.

Multi-channel is Now the New Legacy System

The rush to first create a web channel and, subsequently, a mobile channel meant the scope and functionality were scoped to replicate the products and services traditionally provided within the branch network. The talk was of convenience, with remote access and 24/7 availability: “Banking on the go!” But there was no real innovation outside of a new delivery channel, with products and services still requiring wet signatures or human verification steps, such as identification checking.

Union Bank reports that Simone Branigan, Ralph Dickman and Mary Murray have joined its Private Wealth Management team in California as Vice Presidents and Private Wealth Advisors. These individuals will work with a team of wealth management professionals across several disciplines to understand the challenges and opportunities facing high net worth clients in their respective regions. Their advisory activity will include providing clients with tailored solutions focused on their goals and working closely with them to implement agreed strategies.

Analytic software firm FICO and risk consultancy Guidepost Solutions LLC today announced that they have entered into a partnership to help provide companies worldwide with a complete suite of anti-financial crime solutions.

Axios Systems, a leading provider of IT Service Management (ITSM) software, has announced that its assyst product, has become the first in the world to achieve accreditation for all 16 PinkVERIFY™ ITIL® processes. 

PinkVERIFY is an internationally recognized ITSM tool suite assessment service by Pink Elephant, a premier global training, consulting and conference service provider. In becoming the sole company to possess full accreditation, Axios has cemented its place as the global market leader.