Forecast, the leading AI-native platform for project and resource management, today announces the hire of Simone Goodman as Chief Financial Officer.

Simone’s appointment at Forecast is a new role for the business, intended to support the acceleration of growth and entry of Forecast into the US market, following the successful $19M series A investment led by Balderton.

As chief financial officer of Peakon, Simone led the finance team and supported a 30x valuation growth in under four years, from Series A to its eventual $700M sale to Workday.  Previously a director at King Digital - the creator of Candy Crush - she supported the company to achieve explosive revenue growth, an IPO on the New York Stock Exchange, and a subsequent $5.9 billion acquisition by Activision.

AI-native project and resource management platform, Forecast, is the only such platform to unite projects, resources, financials and business intelligence in one easy-to-use tool, enabling transparency on all business operations.

As part of her role in accelerating the growth of the company, Simone will also head up the HR and people management function at Forecast, with a focus on hiring for growth in the US market.

Simone’s appointment builds on important momentum for Forecast, following the series A investment, record growth and key hires and appointments, including former Informatica CEO Sohaib Abbassi as Chairman and ex-CEO and founder of FinancialForce Jeremy Roche to its Board of Directors.

Simone Goodman said of her appointment: “I’m delighted to have joined Forecast and the opportunity to help fuel the growth of the company and enter the US market with confidence. I’m impressed with the leadership and board that Dennis has assembled and am extremely pleased to be working with him as well as new and old team mates and associates. As a CFO, I’m excited our product is so attractive to finance leaders and I look forward to building relationships and the development of our market leading platform.”

Dennis Kayser, CEO & co-founder at Forecast said: “I’m personally very excited to welcome Simone to the team. She brings deep experience and insight to Forecast, further bolstering our incredible leadership group. She’ll play a pivotal role in accelerating Forecast’s growth in a healthy and sustainable way, ensuring that our series A round is used responsibly to power growth and to aid us in reaching our ambitious revenue targets. Her experience in working with leading VCs and in developing smart, mission-driven people will all be great assets to Forecast.”

Summary: With a common aim to promote digital innovations in the African BFSI sector, Huawei and Oracle to define the required road map at the 7^th Edition of WFIS 2021: Africa, organised by Tradepass.

Amidst the phenomenal disruptions happening in Africa within the BFSI sector in terms of Fintech, Mobile Money and Digital Banking, corporate giants like Huawei and Oracle have decided to take the center stage at the most premier BFSI virtual summit in Africa on 10-11 August, 2021.

Not only has Africa become the leader in Mobile Money but the continent’s high-spirited Fintech startups have also garnered a whopping US $350 million in investments in 2020. As per a report by International Monetary Fund, sub-Saharan Africa has become the world leader in mobile money adoption, usage, and innovation.

The virtual summit will attract 1500+ technology and business heads from 200+ leading Banks, Insurance & Micro-Finance institutions across Africa to virtually connect, collaborate and explore a wide range of new-age-future-tech solutions curated for the growing BFSI sector.

Through the many insightful presentations and panel discussions with the leading experts, the summit aims to throw light on the most pressing topics in BFSI like ‘AI in Banking’, ‘Cloud Banking’, ‘RPA in BFSI’, ‘Open Banking Innovation’ and many others.

BFSI innovations are finally bringing financial inclusion in the continent providing the vast underprivileged population access to financial services. There are close to 150 mobile money providers operating in sub-Saharan Africa which are witnessing a rampant growth like never before.

It’s also the golden period for the African fintech ventures as during the first quarter of 2020, African countries like South Africa, Nigeria, Kenya and Egypt raised a staggering $112m, $74m, $62m and $51m in investments, respectively. Moreover, fintech companies in Africa are further facilitating banks with their operations as banks are now able to provide digital banking services to the vast underserved population.

Organiser and the CEO of Tradepass, Sudhir Jena expressed that “The 7^th WFIS 2021: Africa will be an important milestone in the changing paradigm of the continent’s BFSI sector as it aims to promote the new-age financial innovations in Africa”.

Some of the confirmed speakers include:

• Dr. Konstantinos Tsanis, Digital Transformation and FinTech Specialist, IFC World Bank
• Ronald Raffensperger, Senior Transformation Expert Financial Industry, Huawei
• Raghav Prasad - Division President, Sub-Saharan Africa, Mastercard
• Agrippa Mugwagwa, Managing Director, Xarani Fintech
• Alberto Sessa, Senior Director Financial Services, Oracle
• Olayinka Situ, CTO/Group Head, Corporate Transformation, FirstBank Nigeria
• Stanley Mwangi Chege, Group Chief Information Officer, Jubilee Insurance
• Mohamed Fathy, Chief Information Officer, EFG Hermes
• Onyebuchi Akosa, Group, Chief Information Officer, United Bank for Africa Plc
• Tendai Chavarika, Head customer experience, Steward Bank Zimbabwe
• Ubong Nkanta, Head, Customer Experience Governance, United Bank for Africa Plc
• Uzo Mkparu, Group Head CRM, Customer Analytics & Insights, First City Monument Bank
• Marcia Ujobolo, Senior Specialist: Customer Experience, South African Revenue Service (SARS)
• Jennifer Jemedafe, Founder & CEO, Retention Concierge
• Anna Collard, SVP - Content Strategy & Evangelist, KnowBe4
• Sudheer Prabhu, CTO, CIM Finance
• Motunrayo Ajayi, Head, HC Projects & Digital Transformation, Sterling Bank PLC
• Gloria Njiu, Head of Digital Business, NCBA Bank Tanzania Limited
• Nyong Inwang, Head Channels & Digital Banking, Nova Merchant Bank
• Chukwuma Osahor, Head, Digital Partnerships, Access Bank Plc
• Glenn Lazarus, CEO, ATS Network Management Pty LTD
• Makabelo Malumane, Head of Transaction Banking, Kenya and East Africa, Standard Chartered Bank
• Robert Kariuki, Digital and Transaction Banking Specialist, Sidian Bank Limited
• Sam Mohatle, Head of Digital Banking, First National Bank - Lesotho
• Shehryar Ali, Country Manager - East Africa, Mastercard
• Shina Atilola, Divisional Head, Retail & Consumer Banking, Sterling Bank Plc
• Vitumbiko Gubuduza, Head of Compliance, NBS Bank Plc
• Evans Odhiambo, Assistant General Manager & Head of Transactional Banking, I&M Bank
• Bharat Soni, CISO, GT Bank Plc
• Albert Yirenchi - CISO, Stanbic Bank Ghana
• Faheem Ali, CRO, Musoni
• Dr Peter Kamau Njuguna, CIO, Co-Operative Bank of Kenya
• Kumar Dandapani, Formerly Head of Retail Banking, Bank Africa
• Naana Araba Abban, Head Consumer Banking, Ecobank

The solution providers who will be showcasing their technologies over the two days include –

Huawei, Mastercard, Oracle, KnowBe4, ATS Network Management, Freshworks, Check Point Software Technologies Ltd, Finacle(Infosys)

Integration of complementary technologies to boost collection process for auto dealers and bill pay experience for consumers

BlytzPay, a text-based payments and communications platform, today announced an integration partnership with Auto Master Systems, Inc., a leading dealer management system, to empower auto dealers to invoice, communicate with, and collect from their customers securely and in real-time via text.

“Partnering with BlytzPay just makes sense,” said Mike Downey, Vice President, Sales & Marketing at Auto Master Systems. “By integrating with BlytzPay, we’ll help our dealers improve their collection process by shortening their payment cycles and reducing their collection costs. Our dealers demand choices in the payment processing side of the buy here, pay here and self-financing market. We’re allowing them to choose without losing integration features and costly hoops to jump through.”

The integration between BlytzPay and Auto Master Systems will allow both technology platforms to communicate seamlessly, providing dealers the ability to digitally manage the payments side of their business. Consumers will be able to do the following via their mobile devices:

• Receive invoices and pay their bills
• Schedule bill payments
• Set up auto-payments
• Pay one bill with multiple payment sources and different financial institutions

“We’re thrilled to partner with an organization as well respected as Auto Master Systems,” said BlytzPay CEO, Robyn Burkinshaw. “We’ve watched the world change drastically over the past year and a half, and consumers now expect a bill pay experience that caters to them. By employing BlytzPay technology, dealers can meet their customers where they are (on their digital devices) and engage with them in an easy, effective way.”

For more information, or to schedule a complimentary demo, visit BlytzPay.com.

The Liquality Wallet Introduces a New Standard to Support Growing Demand for Cross-Chain Swaps and Dapp Integrations

Liquality, the first multi-chain browser extension wallet with built-in swap capabilities, announces the close of a $7 million funding round led by Hashed and Galaxy Digital, with participation from White Star Capital, Accomplice, Coinbase Ventures, Alameda Research, and more.

Founded in 2018, Liquality provides user-friendly access to popular blockchains and their unique applications. The open-source wallet acts as a unified solution for users who previously had to manage multiple incompatible wallets and use centralized exchanges to swap between different blockchains.

“We look to partner with founders who are building the future. Liquality’s team is mission-driven and the product vision is big – from secure cross-chain swaps to frictionless multi-chain functionality,” said Mike Novogratz, CEO and Founder of Galaxy Digital. “Fundraising for a wallet requires partners who are mission-aligned and share a vision for the future of the industry, and given this is our first wallet-focused investment, we’re especially excited to partner with Liquality on this investment,” said Jon Kol Co-Head of Galaxy Digital Principal Investments.

Today, Liquality users can manage crypto assets, swap between them, and access dApps on Rootstock, Ethereum, Bitcoin, Polygon, Binance Smart Chain, Near, and Arbitrum, with more integrations on the way.

“Most, if not all, crypto activity will happen directly through users’ wallets. By unifying blockchain communities within one wallet, we can offer a range of decentralized technologies and jointly create the fabric of the digital world,” explains Liquality Co-Founder, Thessy Mehrain.

The globally distributed, remote team is exploring mechanisms to move governance and network incentives towards the community, including encouraging developers to extend the wallet’s capabilities and participate in the benefits.

“With this funding round, Liquality will be able to expand on its value proposition by integrating new chains, creating native dApp experiences in the wallet, and improving the broader crypto landscape’s user experience and accessibility,” says other Liquality Co-Founder, Simon Lapscher. “We are excited to have attracted a group of investors who bring incredible experience and are ready to work with us toward our shared vision.”

Customers including Ardevora, Berenberg, and Magellan discuss value of fully integrated platform to support modern approach to research management

Sentieo, the leading next-generation financial research platform provider, today announced the successful first annual Customer Advisory Board meeting for investment managers. More than a dozen customers came together to learn more about the innovative product enhancements planned for the coming year and key areas of investment across Sentieo’s cloud-based platform to support the needs of today’s investment analysts. Customers including Ardevora, Berenberg, Hodges Capital, Magellan, and others, heard firsthand how Sentieo is transforming the way investment research is done. To learn more about how leading institutional and individual investors rely on Sentieo, please visit HERE.

Led by CEO, David Lichtblau, Co-Founder and President, Naman Shah, and CRO, Mark Coriaty, the two-day event showcased the breadth and depth of the platform with particular emphasis on how Sentieo uniquely mirrors the typical workflow of investment analysts. Developed by analysts themselves, Sentieo was designed to serve as the central hub where analysts work. Featuring deep integrations with broader workflow and systems, Sentieo seamlessly brings together the disparate research tools analysts rely on in one platform. As a result, Sentieo saves customers hundreds of hours of time, empowers investors to discover new insights, facilitates increased collaboration, and modernizes the research workflow to drive smarter investment decisions. Armed with the insight gained over the course of the event, Sentieo customers are in a better position to confidently harness the full potential of the platform and gain a competitive advantage.

“Sentieo has been a great tool for our investment team so we were pleased to join the Customer Advisory Board and learn more about planned product enhancements, discuss best practices, and advise on further development to extend our use of the platform,” said Vihari Ross, Head of Research, MFG Asset Management. “Clearly designed by people who deeply understand the fundamental research workflow, Sentieo solves the key issue of research aggregation, plus delivers significant productivity benefits, affording our analysts more time to uncover insights and do the analysis that is core to delivering quality results for our clients.”

“We greatly value Sentieo’s comprehensive, intuitive platform and appreciate the company’s continued commitment to product innovation,” said Matthias Born, Co-Head Wealth and Asset Management and Head of Investments, Berenberg. “As part of the Customer Advisory Board, we look forward to the ongoing opportunity to offer our insight on how Sentieo can evolve to uniquely meet the needs of our portfolio managers and support our team in delivering winning strategies for our clients.”

“We are grateful to work with some of the brightest minds in the investment industry and were thrilled to provide a forum for productive discussion around the future of financial and corporate research,” said Lichtblau. “We will continue to strive for excellence in product development to become the place where analysts work and underscore our commitment to delivering the insights, speed, and confidence our customers need to make strategic investment decisions.”

PCI Pal, the global provider of cloud-based secure payment solutions, has today confirmed that it has been selected by Essex County Council, to manage the security of the organisation’s telephone-based payment transactions by reducing the need for any sensitive payment card information to be entered from within the Council’s IT infrastructure.

Working with PCI Pal’s partner, Pay360, Essex County Council will utilise the cloud-based Call Secure Plus solution to ensure all payments handled by the Council’s 250 telephone-based employees are completed in the most safe and compliant way, to help meet the requirements of the Payment Card Industry Data Security Standards (PCI DSS) and reduce related risk to the Council.

The Call Secure Plus solution will enable Essex County Council’s customers to input payment information in an anonymous way using their telephone keypad, yet the agent remains on the line, able to assist callers in seamlessly completing the transaction. Importantly, no payment card information will enter the Council’s systems and will instead be sent directly to the payment merchant for processing.

The solution integrates with the Council’s existing telephony and contact centre systems, in addition to its existing payment gateways.  

Ben Quick, Sales Director at Pay360 said “Today, the risks presented by cybercrime are significant and it’s important that organisations have systems and processes operating in the most safe and secure way.  We therefore recommended the integration of the Call Secure Plus solution, for a number of reasons: the first being that payment information will not enter the Council’s system at any stage, meaning no customer credit card data will be stored, therefore greatly reducing overall risk.  Secondly, it will enable the Council’s agents to remain in full conversation with customers, providing a seamless payment experience.”

Darren Gill, Chief Revenue Officer for PCI Pal said, “We are delighted to have been selected by Essex County Council, via our partner Pay360, to help the organisation secure all payments that are managed by its 250 employees.”

 A recent survey sought to understand how customers of banks, digital banks, and other fintech apps would react to embedded insurance offers based on real-time transaction data. The survey of 504 Canadian bank customers was conducted by Momentive.ai (the research company of SurveyMonkey), and commissioned by Cover Genius. The question asked:

Suppose your bank, with your permission, monitored your transactions and offered a prompt for purchasing protection products based on your purchase history inside of your banking app. Please indicate how interested you would be in allowing them to make these offers.

The findings show that 67% of Canadian digital bank customers would be highly interested in receiving embedded insurance offers based on their transaction data, as would 57% of traditional bank customers. ‘Trust in banks to protect personal data’ is the primary driver for their interest, stated by 40%.

“The data show unequivocally that consumers are not aligned with government regulation prohibiting banks from offering embedded insurance in real time with financial transactions,” said Michael Fitzgibbon, Director of Insurance for Cover Genius Canada. “Canadians are indicating that current restrictions on bank-embedded insurance that would sit alongside mortgages and auto loans and the like are outdated in a highly digitized, post-pandemic economy where consumers increasingly appreciate the relevance and timeliness of embedded offers.”

Fitzgibbon, who is based in Toronto, recently joined Cover Genius to further bolster the global insurtech's activity in the Canadian market where he will oversee and manage partnerships, insurer engagement, and customer experience. With over 30 years experience in the insurance space, Fitzgibbon has held key executive leadership roles with regional and global insurance brokers and sees a great growth opportunity in Canada, coupled with disruption in the insurance industry. “Cover Genius has seen a significant increase in demand for embedded insurance offerings from their network of global partners - a growth that was intensified in the past 15 months due to the shift to conducting everything online. Canadian companies across a variety of business verticals are eager to embed truly personalized protection at checkout or sign-up or based on transaction feeds.”

The research mirrors surveys of 3,551 Americans commissioned by Cover Genius published last month, and 12 other countries, which similarly examined 14 life events or activities or major purchases that lead to insurance consideration, such as childbirth, purchases of car, property, pets and expensive items, contracting for a wage and becoming a lessee or landlord. Across the globe, the data points to significant demand for timely and relevant transaction-based insurance offers, with dramatically higher preferences if they’ve recently had major purchases or life events, or if they used a traditional insurer in the last 12 months, or if they purchased insurance from their bank. The authors note the significant gap between an insurtech approach and the “bancassurance” reality, where traditional banks partner with traditional insurers for offerings that are typically divorced from underlying activities.

The survey of Canadian customers also confirms that there’s broad support for bank-embedded offers for property insurance such as Renters, Homeowners and/or Landlords (39% of respondents are highly interested), auto insurance (28%), travel insurance (26%) and a range of warranties for high value personal and household items (38%).

The role and nature of traditional insurers as a “second step” in the buying process is also examined in the paper. Digital bankers and younger demographics are more likely to purchase insurance, however the data also points to a healthy future for banks as insurance distributors: 75% of Canadians who chose a traditional insurer or broker in the last 12 months would prefer bank-embedded offers for next time.

While recent experience purchasing insurance is one way to identify early adopters, another is identifying users of popular fintech apps. The breakthrough findings show that 72% of 114 customers who use mobile wallets, 91% of Instalment payment users, 69% of investment account/app users, and 84% of accounting software users are highly interested in receiving insurance offers. Interest is also high for small business operators (90%).

“This desire for a frictionless end-to-end experience has enabled Cover Genius to add partners like Intuit, Wayfair, Booking Holdings, eBay, Descartes ShipRush and gig economy and mobility companies”, Fitzgibbon adds. “Why limit the choice to traditional insurers when more than half of Canadians want their banks, fintechs and other financial service providers to tailor embedded insurance offerings for their needs?”

Download the full report, "The Embedded Insurance Report: A consumer-focused case for transaction-based offers from Banks, Neobanks and Fintechs", or the report for Canada.

Available Now, Kong Mesh 1.4 With Five ZeroLB Algorithms for Decentralized, Horizontally Scalable L4 and L7 Traffic Balancing Across Legacy Data Centers and the Cloud

Kong Inc., the cloud connectivity company, today unveiled a new concept called ‘ZeroLB’ and a breakthrough pattern for load balancing. The company also announced the general availability of Kong Mesh 1.4, with industry-first  features to support ZeroLB out of the box, offering up to 4x improvement in network performance and a substantial cost reduction compared to traditional centralized LB-based architectures. Based on customer feedback, this modern approach for load balancing is expected to save organizations with mission-critical applications up to a million dollars a year by reducing required technology investments.

ZeroLB is a modern, decentralized load balancing pattern that aims to remove every load balancer that is being deployed in front of individual services and applications. In this capacity, ZeroLB eliminates the need for elastic cloud load balancers, software load balancers and hardware load balancers from the equation. ZeroLB reduces costs, improves network performance by removing extra hops in the network, removes complexity in applications and also gives access to more advanced self-healing capabilities, while simultaneously maximizing portability across every environment and every cloud. To read more about this new pattern, please see “ZeroLB: a new decentralized pattern for load balancing.”

One Kong customer is a global travel company that processes an average of 2 billion pricing requests per day. The company partnered with Kong to scale load balancing traffic in a horizontal and seamless manner across its legacy data centers and the cloud. This company says it expects to see seven figures in cost reductions per year by replacing legacy, centralized load balancers with modern ZeroLB load balancing powered by Kong Mesh, while improving performance by 2x and enabling a more pragmatic transformation to the cloud.

“Traditional load balancers were built for the monolithic era and don’t work well with today’s cloud native applications because they are slow and create points of failure that cause businesses to lose customers and sales,” said Marco Palladino, CTO and co-founder of Kong Inc. “I’m thrilled to be spearheading this effort at Kong to evangelize the ZeroLB movement, where legacy load balancing as we know it within the network is dead. Kong is introducing a new way of building load balancers for today’s modern era of software architectures by decentralizing it.”

Kong Mesh 1.4: Powers Horizontally Scalable ZeroLB Across Any Infrastructure

Kong Mesh is an enterprise-grade service mesh built on top of CNCF’s Kuma and Envoy. This modern control plane is focused on simplicity, security and scalability for multi-cloud and multi-cluster environments on both Kubernetes and VMs. The 1.4 release enables modern, decentralized and portable load balancing that works across every cloud, including Kubernetes and VMs, and local development machines that improve accuracy and replicability, therefore lowering unexpected production errors. It provides automatic resiliency across clusters, clouds and regions.

Key features in Kong Mesh 1.4 include:

●        Five different decentralized load balancing algorithms, which include round robin, least request, ring hash, maglev and random

●        L4 + L7 load balancing to address every service type, from databases and events to HTTP and gRPC services

●        Automatic self-healing capabilities with health checks, circuit breakers, zone-aware load balancing and cross-zone connectivity capabilities

●        Comprehensive support for both Kubernetes (automatically injected sidecar) and VMs (manually injected sidecars) across every cloud

●        Extension of the connectivity logic for Kong Mesh using any WebAssembly-supported language, thanks to Envoy’s native support

"Traditional, centralized load balancers are finally entering the decentralization era that other technologies in our stack started a long time ago," said Martin Casado, the pioneer of software-defined networking with his company Nicira (sold to VMware) and a partner at Andreessen Horowitz, an investor in Kong. “ZeroLB is a fundamental concept to adopt in a decentralized world. By removing all of the complexity in a standardized, performant way, Kong is doing for LBs what microservices have done to our legacy monoliths, and offering a horizontally scalable and portable way to load balance across every cloud including Kubernetes and VMs."

Tinexta is exposed to favourable growth trends, including the transition to a digital economy with a requirement for enhanced online security; governments’ desires to stimulate innovation and growth; and the internationalisation of trade. Management’s strategy is to further develop the group by expanding domestically and/or internationally, and to offer more services in ‘highly innovative areas’ to existing and potential new clients, while seeking cross-selling opportunities between the business units. As a result, Tinexta is likely to make further acquisitions. To date, management’s strategy has proven to be very beneficial to its growth prospects, profitability, free cash flow generation and ROIC.

We are introducing forecasts for FY23 to be consistent with management’s customary three-year business plan, and to include the medium-term growth of a new venture with Intesa Sanpaolo that increases distribution of services and other M&A. For FY21–23, we forecast an organic revenue CAGR of c 12% and a reported EBITDA CAGR of c 21%. This compares favourably with Tinexta’s historical growth due to its greater exposure to higher growth markets. Following H121 results, we upgrade our FY22 EBITDA forecast by c 6%, due mainly to M&A. Underlying positive free cash flow supports a dividend pay-out ratio of c 33% and leaves plenty of headroom for likely strategic acquisitions. Excluding future potential acquisitions, we see the balance sheet (end FY21e net debt to EBITDA 2.6x due to recent M&A) de-gearing quickly (we forecast 1.0x by end FY23).

Tinexta’s prospective EV/EBITDA multiples (19.2x, 15.5x and 12.9x) and P/E multiples (32.6x, 25.3x and 20.4x) for FY21e, FY22e and FY23e are at a premium to historical multiples, reflecting an improving business mix, growth rates and profitability. Our DCF points to a valuation of c €41 per share.

BSO will provide low-latency connectivity to the NSE International Exchange in GIFT City, adding to its portfolio offering in emerging markets.

BSO, a global pioneering infrastructure and connectivity provider, has been confirmed as one of the first official international approved connectivity partners for the NSE  International Exchange (NSE IFSC). The partnership will provide Asian, European and American trading firms with added infrastructure solutions helping future traders gain faster, more secure access to the Indian market via BSO’s global network. 

Situated in Gujarat International Finance Tec-City (GIFT-City), the NSE IFSC was launched as a global trading platform, offering easy access for foreign investors, multiple products, lower trading costs, longer trading hours and all transactions traded and settled in US dollars. Despite being relatively new to the international market, the NSE IFSC has rapidly become a new centre for trading in Nifty Futures & Options, INR USD and other derivatives product in Asia for American and European trading firms looking for derivatives exposure linked to Indian market. As such, it’s seeking to sign-up global connectivity partners to facilitate international trading firms, of which BSO is the first.

This announcement comes in light of increased demand from trading firms for connectivity into India and in particular, GIFT City. India has seen a significant growth in its trading activity with 8.85 billion contracts traded in 2020. As the only non-domestic official service provider to deliver connectivity into NSEIFSC at GIFT-City, BSO is perfectly positioned to meet increased market demand and support trading firms with secure, low-latency access to the rapidly emerging markets.

Mr. Ravi Varanasi, Chief Business Development Officer and Group President NSE Commented: “We are delighted to announce BSO as one of our first International Network Carrier (INC). BSO’s global presence across diverse markets along with their low-latency and highly resilient connectivity service will not only provides access to NSE IFSC for market participants across globe, but it will also encourage international trading members to use this connectivity to provide trading access to their clients through the innovative Segregated Nominee Account Provider (SNAP) framework.

Michael Ourabah, CEO of BSO commented: ‘The NSE IFSC is fast becoming a leading global exchange, with competitive tax structures, trading hours and increasingly impressive derivatives volume. BSO will ensure firms trading via this platform will receive the most secure, reliable, low-latency connectivity between GIFT-City and other financial centres around the world. At BSO, we pride ourselves on our uniquely engineered international network, and our connectivity partnership with the NSE IFSC marks our pledge to connect emerging markets, such as GIFT City, with established markets around the world.”