InvestCloud Inc., a global FinTech firm, has released its latest series of financial apps to run on the InvestCloud digital platform. Building on the existing InvestCloud Navy product, the new release includes new app-based functionality for the digital platform specifically designed to better meet the needs of the pension, endowment and foundation (PEF) sector.

HCL Technologies (HCL), a leading global IT services company, today announced the renewal of its transformational IT services engagement with Singapore Exchange for another five years.  Singapore Exchange is Asia’s leading and trusted market infrastructure, operating equity, fixed income and derivatives markets to the highest regulatory standards.

OCC, the world's biggest equity derivatives clearing organization, today announced that David Hoag, a technology executive with nearly 25 years of information systems and development experience, will join OCC as Senior Vice President and Chief Information Officer, effective from May 1st. 

A banker and I were talking about the function of a bank.  He gave me the classic view:“A bank is there to take people’s money and lend it out at a profit, whilst ensuring the risk of non-payment is minimised”

No it isn’t, I said.  I pushed the view that the bank is there as a trusted store of value.  The lending part is now no longer important, as that can be done through alternative media such as peer-to-peer lenders.

Imran Gulamhuseinwala has been assigned as the new Implementation Trustee for the CMA’s Open Banking remedies. Mr Gulamhuseinwala, who was awarded an OBE in the New Year’s Honours list for his contribution to the financial services sector, is a London-based Partner for EY and leads its Global FinTech practice. He will be seconded from EY to Open Banking.

Algomi, the network company providing information-matching solutions for the optimization of fixed income liquidity, today announced a partnership with OpenFin, the world’s first common operating layer for financial desktop applications.

Algomi will use OpenFin’s operating layer to deploy new versions of the firm’s Synchronicity Software as a Service (SaaS) solution for the sell-side and its Honeycomb solution for the buy-side.

Backbase, the leading omni-channel digital banking platform, announces its partnership with Bank ABC to develop their next generation digital banking platform for retail and wholesale banking across the Bank’s network.

Today TSYS announced that it has bound a PRIME software license and services agreement with Enfuce Financial Services. The Finnish-based payments services provider has strategic plans to grow its business across Scandinavia. Enfuce will operate PRIME in the Amazon Web Services (AWS) cloud environment to bring efficiencies to its operating model and allow it to compete in the region through its technology and superior value. This will be the first live operation of PRIME in a cloud environment, following successful end-to-end testing in December 2016. 

Today Amazon has reported about the launch of Amazon Pay in France, Italy and Spain, enabling customers to pay for goods and services on participating third party merchant websites with their Amazon account information.

Innovate Finance, the membership association for UK's global FinTech sector, has revealed the winner of Pitch360, its first ever FinTech startup competition.