The finance sector is facing a multitude of challenges right now. MiFID II has hit at the same time as the General Data Protection Regulation (GDPR) and has required firms to overhaul significant areas of their operations, staffing and technology.  

Altaro, today announced a significant adoption at a leading global hosting company Beeks Financial Cloud, managing 7000 virtual machines (VMs) with Altaro’s VM Backup solution. Beeks Financial Cloud has made savings of more than 80% on its data stored globally, thanks to the exceptional augmented deduplication technology in Altaro VM Backup.

ITRS Group, the leading provider of real-time monitoring and IT operations analytics to financial services firms, has announced a partnership with Apica, industry leaders in performance monitoring for enterprise business.

SimplyFi, a leading innovator in crowdfunding for Russian small and medium-sized enterprises (SMEs), has teamed up with Tochka Bank to offer its fast, online lending services directly to the bank’s business clients.

Imagine a city the size of London thrown into chaos, as public transport grinds to a halt and traffic lights stop functioning …This is no longer the stuff of nightmares or the scenario of a disaster movie but a prospect that is getting more likely every day. Critical infrastructure facilities, whether power or nuclear plants, national railway and local underground systems or other forms of public transport, are increasingly targeted by cyber attacks. Sophisticated cyber weapons have been developed, including malware designed to disrupt the operation of industrial control systems.

SunTec, the leader in revenue management and customer experience orchestration, today announced its partnership with Mashreq Bank, one of the leading financial institutions in the UAE. Through this collaboration, SunTec will enable seamless computing and invoicing of the recently introduced Value Added Tax, without causing disruptions to Mashreq’s existing systems.

Skrill Send Direct now available in nine new countries

CODE Investing announces that it has entered into a long term strategic partnership with BNP Paribas Asset Management (‘BNPP AM’) as part of the development of BNPP AM’s SME Alternative Financing platform.  BNPP AM will invest in loans to small businesses originated through CODE Investing, the UK’s institutional marketplace for SME debt.

Following the awards ceremony, held at the Insurance AI and Analytics USA Summit, Chicago, the three winners of the Insurance Nexus AI Pioneers Awards have been announced.

The awards were held to showcase and celebrate those companies and individuals who have made the most impact in insurance AI innovation over the past year, with entrants nominated, and voted for, by the industry. The volume of responses was outstanding, with 3,000 votes cast across the three categories.

Quant Insight, the macro analytics firm that applies innovative quantitative techniques to financial markets, today announced the completion of its latest funding round, which included key investments from Alan Howard (Brevan Howard Asset Management) and Jens-Peter Stein (Stone Milliner Asset Management). Over 80% of capital raised came from Qi’s clients in a successful financing round that exceeded the company’s expectations.