Chinese e-commerce conglomerate Alibaba has built an inhouse cloud-based banking platform for the online launch of its banking affiliate MyBank, eschewing products from US technology firms that have angered authorities in Beijing.

Ivalua, a leading global spend management solutions provider, announced today that Scotiabank, one of Canada's largest banks and the 9th largest bank in North America by assets and profits, has selected Ivalua to address its need for a centralized procurement process and solution that will empower its global procurement and vendor risk management initiatives.  

The Project Steering Committee of CIMB Niaga gave the green light for the official go-live of another important milestone in the introduction of FERNBACH’s FlexFinance FRC software. On this occasion, CFO Pak Wan Razly Abdullah (CIMB Niaga) congratulated EVP APAC Dr. Denis Diop (FERNBACH) on behalf of FERNBACH’s implementation team for the excellent project work that has been completed so far.

Studies conducted by Ovum, the global analyst house*, reveal that the use of SaaS (software as a service) in the global insurance industry is already significant with at least a third of all insurers fully deploying or trialling SaaS currently.  Despite a significant minority of insurers remaining cautious of SaaS (for regulatory, risk and reliability reasons) there is almost universal agreement among insurance carriers that SaaS will have a significant impact on both the insurance industry and individual insurers within the next five years.

Ullink, a leading provider of electronic trading and connectivity solutions to the financial community, announces that Didier Bouillard will take on the role of Chief Executive Officer, effective from July 1. Bertrand Sciard, Ullink’s current Interim CEO, will move to Chairman.

Yverdon-les-Bains, Switzerland, June 10, 2015 - Swiss fintech innovator NetGuardians has been named a Gartner "Cool Vendor" in "Cool Vendors in Audit and Compliance Innovate Controls Validation Techniques, 2015".

Industry body standardizes a secure channel to optimize security for mobile applications

Standard Chartered has appointed its first group chief innovation officer, promoting head of risk innovation Anju Patwardhan to the newly-created position.

IBM (NYSE: IBM) has signed a five-year IT services agreement with Citizens Bank, N.A., a wholly-owned banking subsidiary of Citizens Financial Group, Inc. (CFG), to transition its back-end technology infrastructure to a managed services environment.