Orowealth, one of India's leading Direct Mutual Fund platforms, today announced that it has acquired the WealthTrust platform, including the product and all its users. Orowealth is a cutting edge investment platform with award winning advisory services. It seeks to be a one-stop solution for all your investment needs — from investing in stocks and direct mutual funds, to financial planning, goal advisory and more. WealthTrust, also one of the India's fastest growing 'Zero Commission Wealth Management' platforms, always aimed to make investment simple and hassle-free. 

 Mr. Nisarg Gandhi, Co-founder and CEO of WealthTrust, stated that the WealthTrust team evaluated several partners before partnering with Orowealth, which stood out as the best option for their users. “We are confident that our clients will be in good hands as Orowealth has a proven track record of rewarding investors through a diverse line-up of award winning products,” he further added. 

Mr. Jasmin Gohil - Co-founder and CTO at WealthTrust commented that the WealthTrust technology stack will complement Orowealth’s Advisory prowess, creating an industry-leading solution for wealth management.

The two companies now have a combined user base of 3 lakh registered users, and their assets under advisory (AUA) will be over  2000 crores.

Speaking about the announcement, Mr. Vijay Kuppa, Co-Founder of Orowealth said, "As a Direct Mutual Fund investment platform, we are always seeking opportunities to strategically grow our business. We are very pleased to have the opportunity to service WealthTrust customers, and will offer them the same industry-leading advisory and wealth management services that we provide to our own users.”

A select team of WealthTrust employees is expected to join Orowealth as part of the acquisition. Their main aim will be to transition their users seamlessly to the Orowealth platform. Meanwhile, WealthTrust assures its customers that their investments are 100% secure, and that this merger will in no way hinder their investment journey.

AxiomSL, the leading provider of regulatory reporting and risk management solutions, announces that Banque Palatine, a subsidiary of Groupe BPCE, has selected AxiomSL’s strategic platform to comply with AnaCredit reporting requirements in France. AxiomSL will meet the bank’s objective of automating the complex process of AnaCredit reporting and ensure submission in a timely and efficient manner.

The European Central Bank (ECB) introduced the AnaCredit regulation in order to collect granular credit data on individual bank loans assigned by credit institutions to companies or legal entities in the eurozone. Reporting agents faced several significant challenges ahead of their submission deadline for complete datasets in September 2018, including data granularity, reporting frequency and multi-jurisdictional requirements. Banque Palatine selected AxiomSL’s platform in order to efficiently tackle these challenges and benefit from its quick time to market and strong data management capabilities. AxiomSL’s multi-jurisdictional global coverage can also support any future decisions to extend the agreement scope and lower the regulatory system total cost of ownership (TCO).

AxiomSL’s flexible and scalable functionalities, along with its business dashboards, allow users to quickly process and manage the large quantities of data that are required in order to comply with the regulation. The solution is well positioned to address the complexities of AnaCredit by providing a single strategic platform that can accommodate multiple client data structures, which are subsequently mapped into a single AnaCredit data dictionary. This meets the threshold rules of each National Central Bank (NCB), as well as AnaCredit’s granular data requirements and submission structures. The solution can handle any volume of data and is capable of supporting diverse clients, regardless of their size or lending volume variations. 

Marc Philippe, Chief Data Officer, Banque Palatine commented: “We have chosen AxiomSL’s strategic platform as its AnaCredit solution offering will allow us to reduce implementation costs and increase operational efficiency by automating our reporting processes in a flexible and scalable fashion. We are pleased to be working with AxiomSL.”

Ed Royan, CEO, AxiomSL EMEA commented: “We are delighted that Banque Palatine selected our strategic platform to comply with AnaCredit in France. AxiomSL’s regulatory platform has proven to be highly successful in meeting the complex AnaCredit requirements for a wide range of clients across the eurozone. Our strategic offering simplifies the reporting process with automation, data governance and end-to-end data management capabilities. We manage the entire process for our clients - from data sourcing to submission to the relevant jurisdictions - through a single platform. This significantly lowers the cost of compliance for our clients, ensures quick time to market and enhances operational efficiency. We look forward to establishing a long-lasting strategic partnership with Banque Palatine.”

Analysts, accountants and digital marketing specialists top a list of in-demand roles in 2019, as employers focus on navigating an increasingly digitalised business landscape and a shortage of key skills among the UK workforce, reveals Robert Half UK. 

According to our 2019 Salary Guide, more than half of CEOs (53%) admit finding candidates with data analysis and digital skills – as well as softer skills, such as resilience, adaptability to change and critical thinking – a challenge in the current market. Industry 4.0 is leading the evolution of traditional roles and the skills required to fulfil them, while also creating a need for new jobs and specialisms. This has resulted in a talent dilemma as businesses need to adapt to the widened skills gap.

The top 10 roles and their respective pay brackets are listed below:

1. Financial Planning Analysts (£47,500 – £80,000)

The ongoing skills shortage has intensified competition for top performers in accounting and finance, with financial planning described by 40% of CFOs as one of the hardest roles to hire for. As automation and digitisation reach new heights in 2019, commercial skillsets within finance will become even more sought after in the coming months.

     2. Assistant Management/Financial Accountants (£20,000 – £35,000)

The skillsets required for assistant accountant positions is undergoing a shift with the increased need for techy-savvy skills alongside a collaborative and communicative approach. CFOs predict teams with the right mix of technical and soft skills will become indispensable, alongside skills such as adaptability and data analysis.

     3. Business Analysts (£33,250 – £54,250)

Business analysts will become one of the most in-demand roles in the future of IT. Business-facing skills will hold equal importance with technical skills. Business analysts with a desire to stay up to date with the latest IT software and platforms will be attracting the highest remuneration trends as employers set out to attract the best talent.

   4. Business Intelligence Developers (£23,750 – £50,500)

With the digital technology sector expanding rapidly and the demand for technical qualifications increasing, business intelligence developers will be in demand in 2019. Finding developers with the right technical ability but can also interpret the insight through a commercial lens is the reason business intelligence is one of the most difficult IT positions to fill. According to our survey of CIOs, 36% of respondents expressing a gap in their hiring in this role.

  5. Digital Marketing Analyst (£31,250 – £60,000)

Digital marketing analysts must be data-savvy professionals with strong commerce acumen. As data insights become fundamental to marketing teams in assessing their true return on investment and revenue generation, it is no surprise that digital marketing analysts are sought after in 2019.

  6. HR Advisor/Senior Advisor (£23,250 – £37,250)

HR advisor roles are set to become even more integral to business outcomes in the next year, leading to an increased demand for HR professionals – particularly those with digital skills. As HR department face more regulation and reporting requirements, these roles are needing to business partner, prioritise employee engagement and improve retention rates for the year ahead.

  7. Company Accountants (£32,000 – £58,000)

As companies grow by acquisitions and diversity their customer offerings, company group accountants with the right expertise are in growing demand. As professionals receive multiple offers for roles, rarely remaining on the market for long, the value of company accountants will undoubtedly be on the rise as organisations consolidate their accounts.

  8. Compliance Analyst (£35,000 – £65,000)

With GDPR compliance continuing to be a key priority for many firms and the 5^th Anti Money Laundering Derivative on the horizon, compliance analysts will continue to be in demand.

  9. Regulatory Accountants (£40,000 – £65,000)

The financial services sector continues to receive increased scrutiny and remains highly affected by the resulting talent shortage, with graduate and junior roles most in demand within the accounting and finance profession. This fast-paced market is likely to continue to drive increasingly competitive salary negotiations as businesses pay more to secure their favoured candidates.

 10. Finance Managers (£35,000 – £80,000)

Responsible for providing financial guidance and support, the specialist skills of Finance Managers will continue to be in-demand over the next couple of months, as businesses rely more heavily on their revenue generation and monitor their costs more closely to improve profitability.

Matt Weston, UK Managing Director at Robert Half commented: “Technology and digitalisation is propelling the evolution of the workplace at a rapid pace. As companies adjust to the challenges and opportunities these technologies can have on their business, the need for the right skills intensifies intensifying the war for talent.

“As traditional roles become increasingly digitally-focussed reflecting the changing business landscape, businesses face a talent dilemma; they must attract professionals with the skills they need while also identifying opportunity to upskill their existing employees. While attractive salary and benefits packages continue to attract and retain top talent, training and development is vital for employers to win the ongoing war for talent.”

BSI’s global centre of excellence for Cybersecurity and Information Resilience today announced world-renowned cybercrime investigative journalist, Brian Krebs as a speaker at the BSI International Cyber Resilience Exchange. The Exchange takes place at The Convention Centre Dublin on 26 March 2019.

Brian Krebs is an independent cybercrime investigative reporter, the author of Spam Nation: The Inside Story of Organized Cybercrime – From Global Epidemic to Your Front Door, and the founder of the award-winning cybersecurity site krebsonsecurity.com. Brian is best known for breaking stories on high-profile data breaches, and at the Exchange event he will present a keynote on data breaches, cyber-attacks, the rapid increase of cybercrime, and insights into how to identify the risks.

Brian will be joining leading cyber intelligence experts at the Exchange including Dr Jessica Barker, a world leader in the human nature of cybersecurity; James Lyne, leading cybersecurity expert and Head of Research and Development at the SANS Institute; Jonathan Hyland, Chief Technology Officer at Globoforce; and Siân John MBE, Chief Security Advisor EMEA at Microsoft.  

Michael Bailey, Director at BSI said: “We are absolutely thrilled to present Brian Krebs as a keynote speaker at our inaugural event in March. Brian has broken stories on high-profile data breaches such as those that hit Target, Home Depot and Ashley Madison. He will provide delegates at the Exchange with in-depth analysis of the cybercrime landscape along with key cybersecurity insights to aid them in enhancing information resilience for their organizations.”

The inaugural BSI International Cyber Resilience Exchange brings together leading international cyber intelligence experts, providing a platform for senior business leaders to learn how to protect and secure their organization’s information, finances and reputation in today’s ever-changing cyber landscape.  It is also a recognized Continuing Professional Education (CPE) event and delegates attending can earn up to 8 CPE hours. For more information visit bsicyberexchange.com. An early bird rate of €200+VAT is available to delegates that register before 20 January 2019. 

BSI Cybersecurity and Information Resilience provides a range of solutions to help organizations address their information challenges covering cybersecurity, information management and privacy, security awareness, compliance and testing. For more information visit bsigroup.com/cyber-ie

Milleis Banque has selected Wolters Kluwer to provide its integrated regulatory compliance and reporting software. The bank will use Wolters Kluwer’s OneSumX for Risk Management as well as OneSumX for Regulatory Reporting to build a truly integrated risk and reporting framework.

AnaCap Financial Partners acquired Barclays French Retail Banking and Wealth Management business in 2017 and subsequently rebranded it in May 2018 to become Milleis Banque – a firm with more than 100,000 wealth management and retail clients. 

Specifically, the bank will use OneSumX Asset and Liability Management (ALM), a centralized data repository combining contract data, balance sheet structures, counterparty and market data. It will also use OneSumX Market Risk which offers all modern risk analytics and techniques, from basic sensitivity and gap analysis, through more advanced Value at Risk (VaR) techniques and into simultaneous dynamic simulation of credit and market risk.

The bank’s use of OneSumX Credit Risk, meanwhile, will provide single name and portfolio credit risk analysis by means of three components: current and future exposures, expected and unexpected credit loss based on stress and credit value-at-risk analysis, and credit value adjustments.

The bank will also implement OneSumX for Regulatory Reporting. The solution uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in approximately 30 countries, allowing clients to meet ever-changing regulatory requirements at all times.

Wolters Kluwer Finance, Risk & Reporting (FRR) business receives frequent independent recognition of its excellence and innovation. In mid-2018, Riskmagazine awarded the company its coveted Regulatory Reporting System of The Year Award and Central Banking magazine recently named OneSumX for Regulatory Reporting its Best Technology Solution For Regulatory Compliance. Wolters Kluwer FRR is also this year’s Category Winner for Regulatory Reporting in the annual RiskTech100® report. This comprehensive study of the world’s leading risk and compliance technology companies is compiled by Chartis Research. Notably, this is the seventh time in eight years that Wolters Kluwer FRR has achieved this honor.

UiPath, the Robotic Process Automation (RPA) market leader, today announced the appointment of Marie Myers as its chief financial officer (CFO). As CFO, Myers will report directly to UiPath’s CEO and co-founder Daniel Dines and will provide the financial leadership to support the company’s global mission to accelerate the adoption of automation across public and private sectors and businesses of all sizes.

Myers joins UiPath from HP where she served as the global controller and executive officer. Leading a team of 2,200, she was responsible for the financial statements in all of the countries where HP operates and HP’s financial operations globally. She has spent the majority of her career at HP and Compaq, holding several leadership positions including vice president finance operations, printing and PC division and chief audit executive. Myers spearheaded the “Finance of the Future” initiative at HP, guiding the organization to adopt emerging, disruptive technologies – such as RPA and artificial intelligence – to modernize financial operations and become a pioneer more broadly in the digitization of finance. Myers’ work recently earned the recognition of the Hackett Group’s 2018 Digital Awards for Smart Automation.

Myers has also been widely recognized for her financial leadership expertise and contributions as a female executive. She was honored as one of Houston Business Journal’s 2018 Women Who Mean Business, was named a 2017 HP Working Mother of the Year by Working Mother magazine and was included on the 2016 “Top 20 Most Powerful Business Women in Texas” list. She has also been recognized by Women in Computing, named to the Top 40 Under 40 in Finance and selected by the University of Queensland, Australia, as an Alumna of the Year.

Myers is a passionate advocate for diversity and education. She founded and is president emeritus of Anti-Gray Market Alliance Board, and serves on the boards of the University of St. Thomas Advisory in Houston, the Girlstart Council for Houston, and the University of Queensland in America, Inc.

“It’s an incredible opportunity to join UiPath during this phase of growth and development and to help the company meet the skyrocketing demand of RPA. I can tell you firsthand how this technology can deliver real value within an enterprise and that is what really excites me,” said Myers. “I am looking forward to being part of the team to usher in the ‘Automation First’ era, giving organizations across the globe the technology and support required to help them transform their operations.”

UiPath’s previous CFO Mihai Faur will become corporate controller and chief accounting officer reporting to Myers. “Mihai has built an incredible global finance operation to enable UiPath’s amazing growth and I am excited to work closely with him to take UiPath to the next level,” commented Myers.

“We welcome Marie at a very important growth-stage of the company. We’re excited to have someone of her caliber and experience to lead our financial operations as we prepare for the next phase,” said Dines. “Her expertise in global financial leadership and in implementing automation technologies makes her the ideal CFO for UiPath, and we are thrilled to see what she’ll be able to accomplish as a member of our team.”

Ingenico Group, the global leader in seamless payment, and Pyramid, leading integrator and kiosk solution provider, today announced their partnership for the distribution of Think&Go connected kiosks. 

Ahead of NRF 2019: Retail’s Big Show, HP Inc. today announced innovative new solutions designed to meet the unique needs of small and medium-sized retailers and hospitality operators.