With increasing competitive pressures from small and agile Fintech firms, financial institutions are scrambling to modernize legacy systems to become truly data-driven.  However, Gartner predicts that by 2023, 90% of applications will still not be updated to run on new flexible system architectures.

Etrading Software, the global provider of technology-led solutions designed for financial institutions and industry initiatives, has today announced the hire of Victoria Mcllroy, who will be joining the company in May, in a newly created role to focus on sales for Etrading Software and Artis Holding’s new loan technology partnership. 

The SNP’s historic win in the Holyrood elections increases pressure for a second independence referendum that could see Scotland re-joining the EU. ParcelHero says ensuring the free flow of goods across English-Scottish borders must be part of any ‘Scexit’ plans from the very beginning.

The Scottish Nationalist Party’s (SNP) victory in the Scottish Parliamentary elections could pave the way for a second referendum, as pro-independence parties now hold the majority in Holyrood.

Highlights:

NTT Ltd., a world-leading global technology services provider, today launched its 2021 Global Threat Intelligence Report (GTIR), which reveals how hackers are taking advantage of the global destabilisation by targeting essential industries and common vulnerabilities from the shift to remote working.

Sumsub, an identity verification platform that takes care of KYC/KYB/AML processes, has partnered with  Smart Engines, a science-driven company that creates advanced data recognition systems for combatting the 30 most common types of ID forgery. The companies aim to prevent the use of forged IDs (such as dummies, photocopies, and monitor recaptures) in the 200+ countries and territories in which they operate—creating a reliable and secure digital KYC experience for customers worldwide.

Global financial infrastructure provider, Banking Circle, has joined the P27 Nordic payment initiative as a front-runner bank in creating bulk-clearing for the Danish Krone, underlining its commitment to building a global payments infrastructure. P27 has been acknowledged as a vital initiative to address the disparate clearing systems currently operating across the Nordic region. Banking Circle sees its membership of P27 as a crucial piece in the jigsaw to remove the cost and time currently experienced in domestic and cross border payments to and from the region.

Nutanix, Inc. (NASDAQ: NTNX), a leader in private cloud, hybrid, and multicloud computing, has announced the completion of a project for Total Exploration & Production UK Limited (TEPUK) to deploy market-leading Nutanix hyperconverged infrastructure both in Aberdeen and to its North Sea oil and gas installations.

Spectrum Markets, the pan-European trading venue for securitised derivatives, announced that 54.4 million securitised derivatives were traded on its exchange in April, with 36% of trades happening outside of traditional hours (i.e. between 17:30 and 9:00 CET).

82.9% of all securitised derivatives traded was on indices, 11.8% on currency pairs and 5.3% on commodities. The top three traded underlying markets were DAX (23.1%), OMX 30 (23%) and S&P 500 (14%).

Enterprises know Cloud IaaS & PaaS is blowing up, but there is a risk that business demand will circumvent IT control to find the path of least resistance. CIO’s need to manage Cloud not just as technical resources, but as valuable Business Assets to justify the rising costs to the business, which means not just focusing on Cloud adoption strategy, but long-term management.