If insurance companies were asked to insure their own business models, premiums would be sky high for most carriers. Traditional contract-based business models are a risky bet. Although digital transformation hit other industries much earlier, the digital day of reckoning is now upon us. It’s a challenging time of physical, social, and behavioural change. And the industry needs some coping mechanisms to successfully make the transition to full digital maturity.

Metamako, the leading specialist provider of high-performance networking platforms, has launched a new series of devices capable of running up to 3 powerful FPGAs on a single platform. 

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that its ICS BANKS Treasury System has been recognized as Sustainable Treasury Management Solutions Leader -MENA by CEO Insight.  

Telstra today announced it had acquired Company85, a UK-based technology services business and leading provider of data centre, workspace, cloud, security and network services.

Christopher Smith, Telstra’s Executive Director of Business Technology Services, said the acquisition was aligned to Telstra’s strategy to grow its technology services business internationally and would significantly enhance Telstra’s service offering for UK and European based business and government customers.

Quisk, Inc., headquartered in Silicon Valley and provider of a secure digitized cash payment network for banks and financial institutions around the world, announced today that it will begin incorporating Blockchain technology into its platform. 

OpenLink, the global leader in trading, treasury and risk management solutions for the financial services, corporate, energy, and commodities, industries has triumphed at the Financial Technologies Forum (FTF) News Technology Innovation Awards for the third consecutive year. The company took the category: Best Middle-to-Back-Office Integration Solution.

State Street Corporation announced today the appointment of David Pagliaro to the role of head of State Street Global ExchangeSM for Europe, the Middle East & Africa (EMEA). 

 Path Solutions, an international core banking system provider for the Islamic financial services industry, today announced that its Group Chairman & CEO, Mohammed Kateeb, was named ‘Best Islamic Finance Technology CEO of the Year EMENA 2017’ by Global Banking & Finance Review.

Official figures of aggregated data published by technical body EMVCo show that by the end of 2016, the number of EMV payment cards in global circulation had increased by 1.3 billion in the previous 12 months to a total of 6.1 billion.