TMX Insights today announced that Razor Risk™, its risk management solution, meets the new minimum capital requirements for market risk standards finalized by the Basel Committee on Banking Supervision in January 2016.

Razor Risk offers financial institutions the ability to calculate and manage market risk capital and performance across desks, business lines and “top of house”.

The latest figures for Lloyds Banking Group, which includes Lloyds Bank and Bank of Scotland, show that the total amount of online lending to small businesses has doubled in the past two years*, as more businesses are making the move online to manage their banking.

The annual value of online lending to small businesses (those with a turnover of less than £1m) is increasing at an even greater rate, with online lending to small business customers accounting for over 11% of all lending to this customer group.

It’s encouraging to see more conversations take place around the role biometric sensors can play in authentication. Increased consumer demand for these services highlights the potential this technology has. With most of us having to remember an increasing number of passwords every day, biometric sensors offer a much simpler and convenient way for us to prove our credentials.

Freedom Finance, the leading loan platform, has agreed a deal to acquire Sensible Home Finance, the UK mortgage and loan broker. The deal is part of a wider growth strategy to secure Freedom Finance’s place as the pre-eminent loan platform in the UK.

Aschheim (Munich). The Wirecard Group has started a cooperation with My.com – a company building an integrated communication and entertainment platform that offers a family of games and mobile apps, including MAPS.ME and myMail. As payment service provider, Wirecard enables a consistent payment experience across different countries. My.com, a subsidiary of the Russian Mail.Ru Group, benefits from the opportunity to enable global credit card payments via the Wirecard platform.

SETL, the London based institutional payment and settlement infrastructure based on blockchain technology, announced the completion of its first round of private fundraising today.

I tried to make some allowance for ANZ running a 40-year-old core system yesterday, by pointing to the fact that people are slow to change and there may well be no compelling reason to switch a legacy system.

Even though I’ve tried to make the case many times:

The California Public Employees' Retirement System (CalPERS) Board of Administration announced today that it has named Marcie Frost as the Pension Fund's new chief executive officer (CEO).

Frost, 51, is a 16-year veteran of the pension industry, having most recently served as the director of the Washington State Department of Retirement Systems (DRS). She will start her new role with CalPERS on October 3, 2016, replacing Anne Stausboll who retired at the end of June. Doug Hoffner will serve as interim CEO.

CareCredit, a leading provider of promotional healthcare financing, today announced the expansion of an existing relationship to a multi-year agreement with Vision Group Holdings, which oversees and manages two of the leading LASIK surgery providers: The LASIK Vision Institute (LVI) and TLC Laser Eye Centers.

This is a common-sense ruling overriding the lower courts mistaken judgement that the USA court system had supremacy over all other countries sovereignty and judicial systems.    The effect internationally had this ruling been upheld would have been a massive chilling of relations with American businesses across the globe and the American Judiciary would have been lining itself up for a significant fight with the European Union over data privacy laws.