Josh was in high spirits, trading had been good that day. He had downloaded an algo app overnight that allowed him to arb Google dollars against Apple iCoins. It was no longer any use, of course, as by now everyone else had downloaded it too. But his edge had been that his simulator had processed it faster than anyone else. This was required by the regulator to check it contained no malware but, more importantly, so he could confirm that it would actually do what the developer claimed. Even so, it had made him a few hundred grand less comm to the algo developer.

Since its introduction, the Retail Distribution Review (RDR) has placed a heavier burden on the compliance and regulatory obligations of many retail firms, increasing the compliance costs. The consequences have included profit warnings, consolidation and exits by smaller IFA firms across the industry. This pattern has continued unabated.

‘Compliance creep’

Judo Payments, Europe’s only mobile-first payments platform, today confirms its announcement as one of the payments platform providers selected to support Apple Pay when it launches in the UK in July.

SWIFT announces the availability of Watch for Securities, a new business intelligence solution that helps securities market participants to monitor and gain valuable business insights from their network traffic. Following the completion of a successful early adopter programme, SWIFT’s Watch for Securities is ready for full scale use by local and global custodians, investment banks, asset managers and broker/dealers.

Customers of Australia's Commonwealth Bank can now track the movement of share prices and perform everyday banking tasks with a tap of their wrists following the release of two new smartwatch apps.

From now on, Belgians can put the entire content of their wallet in MasterPass, a digital platform launched today by MasterCard and implemented by Buy Way.

Apriva, the leading provider of secure end-to-end wireless transaction and information solutions, and Miura Systems, the market leading UK-based mPOS platform provider, today announced their partnership and product integration.

The JACCOO platform has gone live with the Multi bank application for phones and tablets and has a Apple watch extension.

We enable you to capture, analyze and report on real-time and historical data for intraday multi-bank client balances and transactions. JACCOO offers corporate customers a single, standardized, secure connection to their banking partners, enabling better cash visibility and more control over payments, receipts and liquidity management. Simple, cost-effective and easy to use.