Diners Club International Ltd., as part of Discover Global Network, and JSC Kazkommertsbank, one of the largest acquirers and credit card issuers in Kazakhstan, will commence Diners Club card business operations in Kazakhstan.

TMX Market Insights today announced that it has named John Willock as Director, TMX Datalinx, effective September 26, 2016.

Reporting directly to Eric Sinclair, President, TMX Market Insights and Group Head of Information Services, TMX Group, Mr. Willock will be responsible for managing the suite of TMX Datalinx real-time products and services, including all equities, derivatives and TMX Information Processor feeds.

Outscale, an IaaS Enterprise Class Cloud service provider and a strategic Partner of Dassault Systemes, innovates once again by introducing per-second billing. This announcement is a true breakthrough in the world of cloud computing. By paying only for the resources they use, companies and organizations can save hundreds of thousands of dollars each year, which frees up financial resources to invest in strategic projects and foster their growth. With this announcement, Outscale aims to provide more transparency to its customers and boost the transition to Cloud adoption.

Ripple, the global provider of financial settlement solutions, today announced the addition of several financial institutions to its growing network. Standard Chartered, National Australia Bank (NAB), Mizuho Financial Group (MHFG), BMO Financial Group, Siam Commercial Bank (SCB) and Shanghai Huarui Bank are now among the global banks that have adopted Ripple to improve their cross-border payments.

I’ve spent a lot of this week talking about marketplaces.  We have a growing number of financial marketplaces appearing.  Lending marketplaces, credit marketplaces, payments marketplaces and more.  A marketplace is the bazaar.  Market stall holders gather to meet with prospective clients, and the digital version of the marketplace is the focal point for many FinTech start-ups, as they can create stalls here that become major technology businesses like Stripe and Square.  For the banks, they have to think different.  Banks have the regulatory licence to be marketplace owners.  They can creat

The proverbial table for asset management’s evolution has been set for quite a while. Some would say what started with the financial and regulatory effects of the Great Recession has now bubbled to the surface, manifesting itself in the form of high overhead, lower AUM and, subsequently, fewer managers. Regarding actively managed assets, the US-based Investment Community Institute (ICI), cited a net outflow of $835 billion from 2007 to 2015.

Multi-factor authentication is already being used by enterprises around the world to protect their digital gateways to remote access VPN and cloud services. ‘Why then are so many others still using digital certificates to do the same job?’ asks Rob Allen, Technical Pre-Sales Manager, Swivel Secure.

Financial Technology companies (Fintechs) intend to make the financial services industry more efficient. They come into an ecosystem where big banks and insurance firms have been dominant, and where barriers to entry have prevailed. Over the past years, incumbents have admitted that fintechs are here to stay and that banks need to consider them carefully. Not all fintechs are created the same, some of them have a business model that can integrate nicely with banks, whilst others compete directly with them.

Following the 2008 financial crisis, traditional banks across Europe suffered heavy losses. Regulators have had to intervene to harden their financial requirements. As capital became a rare commodity, many banks have had to restrict their lending activity or offer less attractive conditions to their borrower clients. SMEs, typically companies with less than €50m of turnover, have been most penalized. In France this year, SMEs represent a highly significant 99.8% of all companies, and 46% of GDP. Their contribution to employment is even more significant.