Red Hat, the world's leading provider of open source solutions, today announced the general availability of Red Hat JBoss Data Grid 7. The latest version of Red Hat's leading in-memory data management technology, which can be used as a distributed cache, NoSQL database, or event broker, introduces enhancements to help organizations generate insights for continuous business optimization through real-time data analytics, contributing to greater agility and competitiveness.

Software AG  announced the availability of next generation Digital Business Platform capabilities that enable financial institutions to 

Renowned investor Steve Cohen, his venture capital arm Point72 Ventures, and Quantopian announced today an agreement for Quantopian to manage up to $250 million of investment capital provided by Mr. Cohen.

I just spent a weekend in Thailand at the Techsauce Summit.  It was a great conference, and it reminded me of the time I’ve spent in Asia lately.  After the books Digital Bank and ValueWeb were translated into Korean, Chinese and soon to be Japanese, I guess the region is interested in my thinking.  Or maybe it’s more a reflection of the rise of FinTech Asia, the Silicon Dragon.

The Wirecard Group has entered into a partnership with Frankfurt-based FinTech company savedroid. The eponymous app is aimed at helping users save money as they go about their everyday activities. To make this possible, Wirecard is implementing a virtual MasterCard in the savedroid app as well as processing payments via an e-money account – thereby providing the necessary licence and technical platform. By launching the app, the two companies are bringing an innovative solution to the market, which demonstrates how the digitisation of banking can also provide value added for consumers.

The results of the latest ECB stress tests on European banks, due on 29 July, will determine whether the banks have sufficient capital buffers to withstand theoretical adverse swings in asset prices, interest rates and other macro-economic variables.

By Xavier Giandominici, Vice President, Americas and Financial Services at FIME

For issuers and merchants alike, fraud is an unwelcomed part of the payments industry. To take counterfeit card fraud out of the system, the U.S. is migrating to EMV chip technology.But for this to work, both issuers and merchants need to make the switch.