Like any other large-scale threat to a company, cyber security must be dealt with at board level, the CBI said at its inaugural Cyber Security Conference in London.

Matthew Fell, CBI Competitive Markets Director, said:

“Getting cyber security right is critical for modern businesses, whatever their sector or size.

It says something about the state of the market today that companies are now having to collaborate in order to develop new ideas and technologies that solve the security issues raised by mobile wallets.

SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that M&G Investments (“M&G”) has selected SimCorp’s Investment Book of Record (IBOR) to provide real-time position information across all asset classes. IBOR will be M&G’s replacement source of high quality position data for managing investment portfolios and client servicing.

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the launch of a new centralized data provisioning service, DTCC Data Products.   This launch will include the expansion of DTCC’s Exchange Traded Funds (ETF) and Corporate Actions ISO 20022 data product offerings.

Orc, the global market leader in electronic trading technology for listed derivatives, today announced that Shanghai ShenYi Investment Co. (ShenYi) has implemented Orc’s Trading Bricks solution to improve trade efficiency for ETF options trading on Shanghai Stock Exchange (SSE).

Payments UK succeeds the Payments Council, which oversaw the successful roll out of mobile payments tool Paym, the Current Account Switch Service and Faster Payments. However a bungled attempt to abolish cheques prompted the government to move to rein in the self-governing body.

In its new role, Payments UK says it will work closely with the Payment Systems Regulator (PSR) in its remit to promote competition and innovation across the sector.

 Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that four of its clients received recognition at the Retail Banker International Awards 2015  for initiatives executed in conjunction with FISERV. The successful banks and their winning categories include: Westpac Banking Corporation for IT Innovation of the Year, HSBC Mexico for Latin American Retail Bank of the Year and PNC Bank, N.A.for Product Innovation of the Year.

Deutsche Boerse (DBAG) is in talks with Swiss Six Group to buy the remaining stakes in their joint ventures Stoxx and Indexium for 650 million Swiss francs ($692 million). The German exchange operator owns 50.1 percent of Stoxx AG and 49.9 percent of Indexium AG. 

When banks outsource their Issuing Processing, they rely on the expertise of their technology partner in payments as well as technical performance.