Cohesity, a leader in data security and management, today announced the appointment of Eric Brown as Chief Financial Officer and Srinivasan Murari as Chief Development Officer.

Brown, who is an experienced public company CFO with over 25 years of proven operational experience and skills in helping companies scale, will manage Cohesity’s financial strategy as it expands its multicloud portfolio for data protection, redefines AI-powered data security and data management, and continues on the path to profitable long-term growth. His industry experiences include a range of enterprise technology markets, including security, data analytics, data management, collaboration, and interactive entertainment. In 2021, Brown led Informatica’s initial public offering as CFO, raising $1B in proceeds at a $10B enterprise value. Prior to that, he served in several public company CFO roles, including Electronic Arts, McAfee, and Polycom. Brown is a technology enthusiast, his passion dates back to his MIT days when he co-founded an AI/data mining company with his classmates.

Murari, who is a visionary technology executive with over 35 years of experience building world-class products and services in cloud and enterprise technologies, will be responsible for Cohesity’s engineering and R&D teams as they continue to innovate across AI, security, and multicloud. He most recently served as vice president of Engineering at Google Cloud, where he was responsible for the productivity of approximately 20,000 software engineers encompassing compute, storage, networking, security, databases, analytics, AI/ML, Kubernetes, serverless, cloud console, platforms, and fleet management. Before Google, Murari served as SVP of Engineering at VMware, leading teams across the company’s Storage and Availability, vSphere, and ESX portfolios, and brings deep experience in Compute and Storage across multicloud environments.

“The scale and growth Cohesity has achieved is a testament to the tremendous value its AI-powered data management and security innovations bring to organisations. My role is to ensure the company has the best financial framework for sustainable, profitable growth and leverage my experience to make Cohesity public company-ready,” said Brown. “I’m honored to join Sanjay and the talented team he has put together as we continue on a course toward sustainable, profitable growth.”

“Cohesity is a phenomenal customer-focused company driven by groundbreaking innovation, talented employees, strong leadership, and deep cultural values,” said Murari. “I am excited to work with Cohesity’s talented leadership team to continue to deliver industry-leading solutions that can help organisations radically simplify data management, improve their security postures in the face of sophisticated cyberattacks, provide AI-powered insights, and do more with data — their most valuable digital asset.” 

These new appointments round out leadership changes made in June, expanding roles of key talent: 

• Amith Nair, who has been pivotal in leading the company’s cloud initiatives, now leads the global marketing organisation as senior vice president of Marketing. He was previously in leadership roles at HashiCorp and Microsoft.
• Rebecca Adams, who has been serving as the CxO chief of staff, has taken on an expanded role as senior vice president of People & Places. She was previously in leadership roles at VMware.
• Elad Horn, group vice president of Product, now joins the executive team and reports directly to the CEO. He was previously in leadership roles at Proofpoint.
• Tonya Chin, who has been leading the Investor Relations function, has taken on an expanded role as group vice president, Corporate Communications and Investor Relations. She was previously in leadership roles at Nutanix.

These leadership changes mark the beginning of a significant milestone in Cohesity’s history, as the company has made a strategic shift in pursuit of a sustainable growth model that prioritises positive cash flow from operations. With this plan in place, the company expects to reach positive cash flow within Fiscal Year 2024 (August 1, 2023 – July 31, 2024) while preserving a healthy cash position.

“Cohesity’s business continues to be strong. Our industry-leading growth has been validated by the most influential industry analysts. We are growing in the enterprise and are significantly expanding our data security and Generative AI technologies while steadfastly advancing the number and depth of our strategic partnerships,” said Sanjay Poonen, CEO and President of Cohesity. “All of our key metrics indicate we are building a category leader with a focus on public readiness. We are taking share in our market by top-line growth while also aiming to become cash flow positive within our current fiscal year. Eric and Murari are well-respected talents in their areas of expertise who, along with our other leadership appointments, bolster our executive team to be one of the best in our category and position us well for our plans to become public.”

IDC ranks Cohesity as the fastest-growing of the top 25 largest players in Data Replication and Protection Software Market in 2022

Cohesity has a unique position in a market with sustainable, high growth potential, as security, cloud, and AI have become mission-critical imperatives in nearly every board room and organisation. Industries worldwide must secure and manage data in a world of increasing cyberattacks, including ransomware. At the same time, business leaders require faster and deeper insights into data that helps them make better decisions.  

According to IDC’s Semiannual Software Tracker, Data Replication and Protection Software, Cohesity had the fastest worldwide year-over-year revenue growth among the Data Replication and Protection Software market’s top 25 largest competitors in calendar 2022.  

Cohesity’s industry-leading growth is strong evidence that enterprise customers continue to select Cohesity over its competitors to replace legacy and point solutions. Today, eight of the top twenty banks in the U.S., six of the Fortune top ten, and 40 of the Fortune 100 have adopted Cohesity solutions.

Iceberg Data Lab (“IDL”), the independent green fintech providing quality, science-based environmental data solutions for financial institutions, today announces that it has been chosen as the ESG data provider for the central bank of France, Banque De France; leading global insurance and asset management provider Generali Group; as well as French public service additional pension scheme, ERAFP.

Banque de France, Generali Group and ERAFP join IDL’s growing list of clients in the financial services industry, who will benefit from access to the firm’s scientific-led dataset available via its impact calculation platform which provides a range of tailored solutions to support clients’ decision-making processes. For example, clients can use IDL's extensive dataset to assess the environmental impact of their portfolios, inform sustainable investment and risk management strategies, build indexes and funds, develop environmental impact reporting, and more. Last month, IDL expanded its product suite with the launch of “Barbatus”, the world’s first and only ESG AI assistant which provides transparent answers in real-time to questions about the ESG data of portfolio companies.

Banque de France was the first central bank to commit to mitigating its biodiversity impact. It has already begun harnessing IDL’s Corporate Biodiversity Footprint metric to measure the impact of its portfolio dedicated to equity capital and employees' pension commitments on biodiversity loss. ERAFP has already started working with IDL to examine the exposure of its listed asset portfolios to climate change and biodiversity issues. Generali Group is now utilising IDL’s products to guide their investments in favour of the ecological system, harnessing IDL’s proprietary Corporate Biodiversity Footprint and Net Environmental Contribution metrics.

Matthieu Maurin, co-Founder and CEO of Iceberg Data Lab, commented: “We’re honoured to have been selected as the environmental data provider by  a diverse range of leading financial institutions spanning asset management, banking and pensions, which demonstrates the versatility of our offering and the increasing focus on sustainability in the finance sector. Through our quality, transparent and accurate data solutions, we’re dedicated to supporting our clients on their sustainable transition journeys, as well as helping them to avoid greenwashing. We’re excited to learn from our new partnerships with Banque de France, Generali Group and ERAFP, and to help them curb their contributions to nature loss - ultimately preventing nature and biodiversity loss.”

Scottish fintech Guiide welcomes David Fairs as a new strategic adviser

The past year has seen Guiide grow from offering an online free consumer site only to providing customised versions of its platform to master trusts, employers, providers and financial advisers to meet their specific aims. To further grow in these areas we are delighted to announce that David Fairs has agreed to join Guiide as an adviser.

David previously worked for a number of years at board level at TPR and as a pensions partner at KPMG. His experience in both the pensions and regulatory world will be invaluable to Guiide. This is especially so at a time when consumer duties go live. We have recently seen strong interest from providers looking to ensure they can meet these duties for their customers planning for, entering, or already in long-term drawdown. David’s appointment will greatly complement Guiide’s other adviser's knowledge and expertise.

Kevin Hollister actuary and founder of Guiide said

“Our continued goal is to simplify the word “pensions”, for as many savers as possible. This can be done either directly with our free online planning tools, or via their providers if they wish to help. Support in understanding how to get the best possible retirement outcome and protecting against bad outcomes should be a given for all pension savers. This guidance needs to be provided to them at no cost to be effective. David has been a keen advocate of protecting savers and helping them achieve this. We could not have found a better match for our goals and values. We are really pleased that he has decided to share his experience with us to help Guiide achieve these aims.”

The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with the Financial Intelligence Unit (FIU) of the UAE to advance coordination and cooperation on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) and illegal organisations.

The MoU was signed by Ian Johnston, Chief Executive of the DFSA and Ali Faisal Ba’Alawi, Chief of the Financial Intelligence Unit on 3 August.

The agreement aims to enhance cooperation, coordination, and information sharing between the DFSA and FIU to fulfill their respective obligations related to AML/CFT compliance. This includes ensuring that applicable laws are followed by relevant entities.

Ian Johnston said: “It is crucial to work closely with authorities at a local, regional and global level in our interconnected environment, to exchange information and combine resources to combat financial crime. We look forward to continuing to work  with the FIU, as this MOU establishes a structured foundation for cooperation on matters related to AML and CFT.”

Ali Faisal Ba’Alawi added, “The MoU signing formalises the sharing of knowledge, experience, and expertise regarding the prevention of financial crime. Such cooperation is essential in order to protect and promote the integrity, stability and efficiency of the supervised entities and financial system.”

TrueLayer, Europe’s leading open banking payments network, today announces that Lopay, the UK’s highest-rated point-of-sale (POS) solution, now offers its real-time settlement solution to its 20,000 businesses.

With thousands of happy customers and a near-perfect rating of 4.9 in the Apple App Store, Lopay is known as the point-of-sale platform that gives small businesses more. Combined with low fees for using its service — typically less than half of some of its closest competitors — Lopay aims to help the businesses it serves keep more of their hard-earned money.

Typically, point-of-sale providers offer next-business-day settlement on any payments collected. This delay can cause cash flow issues, particularly for SMBs. One of Lopay's core differentiators is offering completely instant settlement. They wanted a fast, reliable and scalable platform to support their needs across the UK and Europe, and selected TrueLayer as the partner that could offer this.

Working with TrueLayer, Lopay has been able to integrate low-cost and instant payouts into its offering. The entire integration — backed by clear documentation and expert integration support — took just one week from start to finish. 

At a time where the ongoing cost of living crisis is holding back UK small businesses, the ability for a Lopay customer to quickly get access to their hard-won earnings is vital. 

Richard Carter, CEO and Founder of Lopay explains, “being in complete control of your hard-earned money is essential, now more than ever. The cost of living crisis has meant that businesses have to be more flexible than ever before. Being able to offer payouts which are truly instant, even on weekends and bank holidays, helps us to continue to support our merchants. Plus, the quick integration process meant we could quickly turn our attention back to supporting our customers.”

Commenting, Sara Rita, Director of Enterprise Success at TrueLayer, added: “Businesses like Lopay show the exact reason we built our instant payouts solution. For so many brands, the ability to offer a real-time, low-cost payouts solution, which doesn’t add to their manual admin burden, has typically been an unnecessarily difficult prospect. TrueLayer Payouts settle in seconds and help the businesses we serve boost customer loyalty and eliminate manual tracking processes.”

The partnership with TrueLayer will support Lopay’s ambition of remaining the lowest-cost, highest-rated payment solution in the UK as it continues to scale, alongside its plans to make the platform even more rewarding for its 20,000 businesses. A new Lopay Rewards Card, with industry-leading cashback and discounts, is set to be launched soon. Instant payouts will also support Lopay’s plans to scale across Europe.

Multi-asset broker Exness announces the launch of its new program - Exness Team Pro in the Middle East and North Africa. The program will strengthen Exness’ local and global presence by leveraging the influence of a team of international trading professionals, all with a large following and established voice within their respective communities.

The current members of Exness Team Pro are: Nicolas Palacios, with 135K followers on Instagram, Momen Medhat who has 118K subscribers on YouTube, Mohsin with 267K subscribers on YouTube, Dennis Okari with 399K followers on Twitter and Kojo Forex with 156K subscribers on YouTube. 

This team of professional traders will act as Exness brand ambassadors, playing a key role in crafting valuable storytelling and content around the broker’s products, value proposition, differentiation, and credibility. They will share their success stories, testimonials, and experiences as traders, becoming an authentic voice for Exness and extending its reach to relevant audiences.

“Exness Team Pro is truly impressive, comprising a group of carefully chosen, highly skilled and dedicated professionals. And I’m so happy to be one of them. Working with Exness, a global multi-asset broker that stands out for its best-in-class services, is an honour and privilege. With its user-friendly platform, lightning-fast execution, and wide range of trading instruments, it caters to both beginners and seasoned traders alike. And Exness’ transparent and reliable approach to handling funds in the deposit and withdrawal process seems to instil trust and confidence in them”, said Momen Medhat, the program’s influencer from the MENA region.

“After months of interviews and meetings with key traders across the globe, we are proud to introduce our very own Exness Team Pro. The talented individuals in Team Pro are the face and voice of our brand and our trading community, and a great example of collaboration across the entire Exness ecosystem. Stay tuned to learn about strategies and experiences, from some of the world’s top traders”, Alfonso Cardalda, Exness Chief Marketing Officer commented.

Exness is a global multi-asset broker which uses a unique combination of technology and ethics to create a favourable market for traders and raise the industry benchmark. Exness’ ethos and vision revolve around the concept of offering its clients a frictionless trading experience, by bringing to life the financial markets in the way they should be experienced. Exness’ identity and commitment to the two worlds of technology and ethics, as well as its loyal client base which counts over 500,000 active traders are key drivers of the global brand. Today, Exness records over $3 trillion in monthly trading volume and has set its focus on a strategic expansion to new corners of the world.

QV Systems, a leading Software-as-a-Service asset finance software provider, has appointed Centropy PR as its agency of record, following a competitive pitch process.

Centropy will provide strategic consultancy, media relations and content creation to the 100-people-strong fintech firm, which works with household brands like MotoNovo Finance, Zenith Leasing and Time Finance. QV’s cloud-based platform integrates with leading business software, enabling first class customer interaction and a seamless data flow to empower relationships.

QV Systems recently announced an expansion of its relationship with AIM-listed B2B lender Time Finance to unify and modernise credit origination to support high-growth businesses.

Daniel Layne, QV Systems CEO said: “As we enter our next phase of growth, the Centropy team will play a crucial role in raising our profile in the media, helping us reach a much wider audience. We’re extremely impressed by their proactive approach to PR and their understanding of our business goals.”

Steven George-Hilley, founder of Centropy PR said: “Daniel and his team have built a first-class business with QV Systems. The company offers game-changing solutions alongside incredible consultancy. We’re very proud to work with such an exciting business as it continues to expand.”

Payhawk, the fast-growing spend management platform, which combines company cards, reimbursable expenses, and accounts payable in one solution, today announces it has partnered with open banking API, Yapily, to create a seamless and instant payment experience for finance teams when upgrading their Payhawk wallets. Through the benefits of open banking, Payhawk eliminates lengthy, manual payment processes that cause user friction and leads to unnecessary cash flow uncertainty for businesses.

The integration with Yapily - rolled out in key markets for Payhawk including the UK, France, Spain, Portugal, and the Benelux - allows Payhawk to offer its customers the ability to link one or more bank accounts from over 2,000 banks and institutions from dozens of countries and lets users easily top up their debit accounts and repay credit accounts from a linked bank account.

Stefano Vaccino, Yapily Founder and CEO says, "We are really excited to partner with such a fast-growing company like Payhawk. It’s a privilege to help them expand their open banking service in the Netherlands, UK, and other key European markets. This best-in-class fintech innovation partnership can unlock the massive potential of open finance to unleash further growth for both companies. I can’t wait to see what more we can achieve together in the upcoming years."

Yapily's extensive bank coverage and single API integration have enabled Payhawk to delight both new and existing customers in their core markets. The Linked Account top-up feature helps customers get set-up fast in the platform and helps ensure adequate cash-flow for spending requirements. Payhawk customers now have the ability to track deposits into the platform, ensuring transparency and eliminating the risk of duplicate transactions. This added level of control and visibility enables businesses to maintain good governance practices over their spend.

Guy Sear, Payhawk Commercial Director UK says,  "We are thrilled to partner with Yapily to use open banking to enhance the fund top-ups experience within the Payhawk platform. Through this collaboration, Payhawk continues to eliminate manual processes and create efficiencies for Finance teams in the Netherlands through an integrated all-in-one spend management solution."

Payhawk aims to offer customers across Europe a convenient method to top up money on an ongoing basis via the platform after linking a bank account once. This aligns with Payhawk's strategy to reduce reliance on account funding through manual deposits initiated outside the platform and give finance teams more insight and control over cash flow management.

Anticipation is quickly building for the largest financial B2B exhibition of the year, iFX EXPO International in Limassol, Cyprus. Held on September 19-21, all eyes will be on the show’s newest prestigious venue, the City of Dreams Mediterranean Integrated Resort. 

The countdown has officially begun with just over one month to go until the fintech event of the year that everyone is talking about. This year’s iFX EXPO International promises to be larger and better than ever, with over 4,000 attendees expected. 

The expo is a must-attend event that highlights the unique opportunities for networking, information sharing, branding opportunities and company growth that only iFX EXPO International can provide. iFX EXPO International will look to bring together thought leaders, top-tier experts, and industry pioneers to share insights, examine the latest trends, and exchange ideas.

Who Will Be Attending iFX EXPO International?

Thousands of attendees will flock to sunny Limassol this September for an unforgettable event experience. The expo’s new venue at the City of Dreams Mediterranean Integrated Resort, Casino & Entertainment provides an ideal balance of business and pleasure. As Europe’s first integrated resort, the venue redefines what Mediterranean resort life and luxury mean.

Additionally, the resort serves as a fantastic venue for financial professionals to meet with industry peers, grow their networks, and explore new business opportunities. Attendees can expect to mingle and engage with the B2B industry’s leading brands. This includes both retail and prime brokers – attendees can expect the latest developments in the fintech sphere as well as state-of-the-art solutions. 

iFX EXPO International is the ideal atmosphere for developing partnerships with plenty of IBs and affiliates in attendance. This has been a key demographic in recent years, with the event drawing the biggest players, brands, and executives from around the world. 

All attendees can also expect to see plenty of service and technology providers, showcasing the latest AI-powered technology solutions, and much more. iFX EXPO is an event where anything can happen, featuring never before seen products and technology that traverse multiple industries. 

Register Now to Secure Your Spot and Enjoy Early Bird Rates!

Don't miss out on this highly distinguished event and annual tradition with early bird rates. The clock is ticking, and the deadline to register online for iFX EXPO International is quickly approaching. Take advantage of the early bird offer for a limited time only by accessing the following link and registering today – early bird offers expire on August 11. 

Early registration is also strongly advised to reserve your position at this must-attend industry event. 

Book Your Stay Now for an Exclusive Accommodation Offer!

Planning your trip to Cyprus this September? The time to secure your accommodation at the prestigious City of Dreams Mediterranean Integrated Resort is now with an exclusive offer you won’t want to miss. 

Special booking rates are available for all expo delegates, for stays from 17/09/2023 to 24/09/2023. This also includes several benefits in addition to enjoying a discounted rate.

Staying at the event venue means attendees will enjoy unbeatable convenience. This means that you will be at the heart of the action throughout iFX EXPO International. No need to worry about commuting or missing out on any crucial sessions or networking opportunities!

This 5-star venue also offers world-class premium amenities, ensuring your stay is not only comfortable but also an opportunity to unwind after a busy day at the expo. Take advantage of their luxurious spa, fitness center, and exquisite dining options.

Attendees staying on-site can also take advantage of a myriad of networking opportunities. Being in the same accommodation as other attendees and industry experts has its perks and will give you even more opportunities to network, engage in meaningful conversations and build lasting relationships.

Availability is limited so early booking is highly recommended.

Prospective attendees are invited to join the conversation surrounding iFX EXPO International, the only place for global fintech collaboration!

NCR Corporation, a leading enterprise technology provider, today announced it has successfully expanded its ATM network, under the Cashzone brand name, into Portugal. There are over 100 Cashzone-branded ATMs installed in Portugal so far, providing consumers, including those visiting the country, with easier access to cash. NCR is the world’s largest independent ATM operator. NCR’s Cashzone brand is present in the UK, Spain, Germany, Ireland and, now, Portugal.

The combination of Portugal’s high cash usage, branch consolidation and active tourism market made it an ideal location for Cashzone expansion. NCR has added ATMs primarily in the tourist-popular regions of the south of Portugal and Lisbon, with plans to enter new regions in the coming months. The machines are being installed in trusted retail locations, such as convenience stores, supermarkets, food and drink outlets, shopping centers, and leisure outlets.

“There continues to be a widespread demand from consumers for access to cash, particularly while on holiday,” explained Stuart Mackinnon, EVP, ATM Group, NCR Banking. “By bringing NCR’s Cashzone-branded ATMs to Portugal, we are enabling visitors to Portugal to interact with an ATM brand they’re familiar with and giving retailers the ability to widen their service offerings and engage with new customers.”

NCR is the UK’s largest independent ATM operator, delivering reliable and secure cash access to consumers through its Cashzone brand. NCR’s proprietary ATM software and solutions make its ATMs more engaging while delivering exceptional service.