Published

  • 09:00 am

The international derivatives marketplace Eurex, part of Deutsche Börse Group, enhances its market structure to address industry trends and further meet its member’s needs. 

In Q4, Europe’s largest derivatives exchange will launch an electronic price discovery platform that allows bank’s broker desks and inter dealer brokers to contact market makers with request for quotes in order to find a counterpart to a trading interest. Initially, the service will be available for fixed-income and money market derivatives, but other asset classes will be added soon.

Orders are automatically transmitted to Eurex’ T7 Entry Service (TES) for exchange-trade confirmation and post-trade processing. The service captures all data throughout the negotiation and makes it available to the member in order to support with the Best Execution requirements under MiFID II.

The enhancement is a strategic move for Eurex. “Market participants increasingly rely on transparent and efficient market places - not only for their listed business, but also for their former OTC activities,” said Randolf Roth, member of the Eurex Executive Board. “We continue to innovate and adopt our market structure to the evolving needs of the financial industry and the real economy.”

Historically, market participants agreed on large or complex orders bilaterally via phone or online chat, and then entered these orders manually into Eurex’ Trade Entry Service. However, there is a growing demand for fully automated and efficient solutions by market participants. Eurex addresses these needs by applying its core competences in process efficiencies to the OTC market. The fully regulated exchange facilitates not only price discovery but also ensures an automated transfer into its exchange and clearing infrastructure. This creates new efficiencies and minimalizes operational risks resulting from transmission errors.

The new offering also supports market participants in their efforts to comply with MiFID II. The impending legislation will strengthen the emphasis on transparency and best execution as well as stricter rules on transaction reporting, research and trading. In this context, MiFID II will affect brokers to meet stricter rules on data collection and proof of best execution.

In October 2017, turnover at Eurex reached 115.8 million contracts - a slight increase compared with October 2016 with 114.5 million contracts.

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  • 01:00 am

Gemalto, the world leader in digital security, today announced the launch of SafeNet Data Protection On Demand, a centralized cloud-based services platform for companies to protect data, meet compliance mandates and manage the security of all their sensitive information in every location with unparalleled simplicity.

Today, businesses are increasingly challenged by the cost and complexity of protecting data across disparate IT infrastructures and hybrid cloud environments. SafeNet Data Protection On Demand helps solve these issues by providing a single data security-as-a-service platform that integrates easily with existing IT systems, DevOps tools and cloud services to protect wherever data is created, accessed or stored. 

Robust, Scalable Security Designed for Higher Order Business Cases and Operational Benefits

SafeNet Data Protection On Demand makes enterprise-grade data protection accessible to companies of all of sizes - from the smallest to the largest of enterprises. With no hardware and software to buy, configure or manage and simple pay-as-you-go pricing, companies can more cost effectively and quickly deploy data protection to secure sensitive information in any environment on demand. This empowers them to easily integrate security across all company IT systems and removes barriers between business and DevOps, expediting go-to-market timelines. Companies can scale their security operations to protect critical data in established business initiatives and new growth markets and address priorities like Big Data, Blockchain, Cloud Computing, Internet of Things and Digital Payments.

The SafeNet Data Protection On Demand Marketplace is expanding its portfolio of security services to include: 

  • Hardware Security Module On Demand: Provides protection for transactions, identities and applications by securing cryptographic keys and provisioning encryption, decryption, authentication and digital signing services. 
  • Key Broker On Demand:  Enables you to manage your keys to provide simple and secure control between your enterprise-controlled security and your SaaS and cloud service vendors such as Salesforce. 
  • Key Management on Demand: Provides a central way to manage encryption keys throughout their full lifecycle, supports Key Management Interoperability Protocol (KMIP) services and acts as a key broker for organizations extending their security policies into multi-cloud environments through "Bring Your Own Key" (BYOK). 
  • Encryption on Demand: Protects sensitive data wherever it resides including files, folders, databases, storage environments, and virtual machines.

Companies also benefit from Gemalto's extensive partner ecosystem which helps accelerate the integration of data security across their multi-cloud applications. The platform is designed to work with many of the most widely utilized IT products and technology companies such as Amazon Web Services, Dell EMC, Google, IBM, Microsoft, NetApp, Huawei, Oracle and Salesforce. In addition, customers can quickly develop and build secure higher order use cases through proprietary and/or third-party APIs.

"SafeNet Data Protection On Demand simplifies data security operations by lowering the cost of ownership, reducing deployment times and eliminating the need to manage multiple solutions," said Sebastien Cano, executive vice president for Enterprise & Cybersecurity at Gemalto. "The platform's cloud neutrality model also brings speed, agility and flexibility for users to deploy the data security services they need in minutes with flexible pay-as-you-go pricing."  

"Complexity has always been a pain point for organizations when it comes to deploying encryption and key management, and the growth of cloud computing and the Internet of Things (IoT) will only magnify this challenge," said Garrett Bekker, Principal Analyst at 451 Research. "By providing organizations with a single consolidated platform accessible through an online marketplace, Gemalto's SafeNet Data Protection On Demand can allow companies of all sizes to deploy encryption, key management and hardware security module offerings with only a mouse click, eliminating the burdens of physical deployments and also helping resource-constrained enterprises address the growing shortage of skilled security personnel."

"NTT Group clients are increasingly asking for on-demand usage based data protection services such as encryption and key management, and Gemalto has uniquely responded with a whole suite of cloud-native solutions that allow us to respond to those needs quickly. We see this new way of managing security as an industry game changer for companies to build upon their cloud-based strategy by including easy-to-use cloud native security applications, said Frank Balow, Senior Manager at NTT Security Germany, the specialized security company of NTT Group. "As a result, we can respond to NTT Group clients' needs faster, reduce their IT headaches, all in an affordable way enabling them to scale as they grow."

 

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  • 03:00 am

Temenos, the software specialist for banking and finance, today announced that a US-based Tier 1 global bank has selected Temenos T24 Core Banking as its global cash management platform for deposit transaction processing, internal account sweeping and interest compensation. The system, which will replace the bank’s legacy infrastructure, will be implemented progressively in multiple countries across the globe.

Temenos' robust core banking platform will enable the bank to offer consolidated cash management globally, delivering innovative new services, richer data, and real-time optimization and reporting to its clients. Temenos’ scalable architecture - coupled with multi-lingual, multi-currency and real-time capabilities – will enable the bank to offer its wholesale clients a follow the sun service to improve their working capital efficiency.

The corporate banking sector will continue to enjoy growth driven by the re-alignment of business priorities, and hence capital, towards corporate banking.  This has caused banks to re-examine the competitiveness and attractiveness of their offerings in this area.  The recent Ovum report 2017 Transaction Banking Survey: Challenges and Imperatives of Real-Time Payments and Liquidity found that payment and liquidity management solutions are a key differentiating offering in the banking industry and a top priority for corporates, potentially impacting their customer loyalty,” says David Bannister, Principal Analyst, Ovum. “The importance of this is further highlighted by the survey finding that 75-80% of corporates had considered moving their main banking relationship in the last 12 months, and that the top priorities for corporates were real-time payments, end-to-end process linkage with other systems and improved analysis and forecasting – all of which are areas where banks are heavily reliant on their software capabilities.”  In support of this, Temenos is increasing its investment in its solutions in this space and has an accelerated release plan for 2018 focused on key areas around multilateral sweeping and virtual accounts.

David Arnott, Chief Executive Officer, Temenos, says: “We are excited that yet another leading US-based bank, one of the largest in the world, has selected us for our ability to support the needs of its global wholesale banking operations. Temenos T24 Core Banking will become the bank’s backbone platform for cash management, supporting future growth in international centers, while allowing the bank to deliver world-class and consistent digital customer experience. We invest more in R&D than any other banking software supplier, and have an exciting vision and roadmap for our corporate banking product suite based on the growing market requirement for integrated and packaged corporate banking platforms.”

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  • 05:00 am

The DigiPulse Token Sale has finally concluded! During the month-long sale, we've raised 3474 ETH from 420 contributors! We would like to sincerely thank everyone who has supported us and spent their hard earned cash to support our Digital Inheritance vision. 

Now that the Sale is over, we'll be focusing on three major aspects of DigiPulse - developing the Beta, ensuring that the DigiPulse tokens - the DGPT are listed on relevant Cryptocurrency exchanges, handling token and bounty distributions, as well as attending local and foreign Crypto and ICO related conferences.

 
 

1. Beta / Public Launch

After having launched the Alpha prototype, which is open for public preview, earlier this October, the team is currently focused on developing the DigiPulse Beta. In the upcoming weeks, we'll be tackling improvements relating to encrypted keys, multiple vault support and general UI improvements. The Beta release is scheduled for January 2018.

For those wishing to explore the more hidden aspects of DigiPulse, head over to GitHub to read the Alpha release specifications and information on running your own node in the future. We would love to receive your thoughts, feedback and suggestions via the inbuilt Alpha Intercom or other channels.

 

 

 

 

 

2. DGPT on Cryptocurrency exchanges 

DGPT will first be listed on EtherDelta, with ongoing talks with additional exchanges. Time is of the essence, so we are doing everything in our power to expedite the DGPT listing on all relevant exchanges. We will, naturally, keep everyone up to date on this via all our communication channels.

3. Bounty distributions

The team is currently estimating all bounty participant stakes and calculating the exact amount of DGPT tokens to be allocated to each participant. The token distribution is expected to be finalised by November 15. A comprehensive summary of all participant contributions to the success of the token sale will be available in a public spreadsheet by November 8. 

4. Unsold Tokens

The token sale conducted with 1,402,641.39 tokens sold leaving 11,297,358.61 unsold (88.96%) from total tokens allocated for sale - 12,700,000. The unsold tokens are already frozen for a 6 month period (until 1st of May, 2018) after which there will be two ways in which the unsold tokens will be handled - they will either be sent to the main smart contract on a monthly basis in equal parts over the period of 10 years or a selected number of tokens will be burned. 

The route will rest upon the decision made by the entire DigiPulse community - we will be asking the opinions of our token holders and early supporters regarding this matter. We expect to have a definite conclusion regarding the future of unsold tokens by next week - by November 10th.

5. ICO conferences

With past ICO event attendance having been more than fruitful in terms of contacts, exposure and networking, the team is dedicated to participate in the following upcoming conferences:

November:

10.11 - Riga Comm, Business Technology and Innovation Fair

15.11 - Rietumu Fintech Club (keynote speech)

25.11 - Baltic Honeybadger Bitcoin Conference

27.11 - Digital Freedom Festival

30.11 - SLUSH

In case our team paths cross at any of these events, don't hesitate to come say 'hi' and ask us any and all questions about the future of our Digital Inheritance service.

As always, you can reach us almost round the clock via our Facebook, Twitter, Reddit, Bitcointalks and our Telegram channel. If you’d like to stay in the loop, subscribe to our newsletter — we’ll be keeping everyone updated with reminders of all upcoming news.

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  • 05:00 am

Mendix, which offers the fastest and easiest platform to create mobile and web applications, today announced the global launch of the Mendix University Program, with 26 universities adopting the Mendix platform in their curriculum.

With this program, professors across the globe can equip their students with the skills needed to succeed in a software-driven world. Mendix is providing Professors access to open courseware, online training videos, free certification exams, sample syllabi, and real-world business use cases. With these curricula resources and free Mendix technology licenses, Professors can create exciting classroom experiences using cutting-edge approaches to application development. By learning how to quickly develop working web and mobile applications without needing coding or programming skills, students will enter the workforce with the skills demanded by top employers who are all digitizing their operations.

“The Mendix Platform enables every one of my Systems Analysis & Design students, including those with limited coding skills, to get hands-on experience quickly to build and deploy working applications to solve real business problems,” said George Wyner, Associate Professor of Information Systems at Boston College. “Mendix allows all students to focus more on innovation and less on overcoming coding hurdles; this is the kind of learning I want to emphasize in my class and the kind of skill set businesses urgently need today, which is why Mendix is a natural fit for my classroom.”

Mendix collaborates with educators at leading universities

Mendix will be featured at the EDSIG Conference on Information Systems and Computing Education (EDSIGCON 2017) to be held in Austin, TX on November 5-8, 2017. Mendix and Bentley University Professors Mark Frydenberg and David Yates will deliver a workshop to 150+ educators on incorporating agile application development into their curriculum. Mendix will be showcased in two additional sessions and in the presentation of a published, peer-reviewed pedagogical research paper, Sprint, then Fly: Teaching Agile Methodologies with Paper Airplanes, which is a result of a collaboration with Frydenberg and Yates.

“Introducing the Mendix application platform in the information technology classroom allows my first-year students to experience the agile development process and quickly create simple applications. My students are gaining an appreciation for the latest software development approaches they otherwise might not see until later in their studies,” said Mark Frydenberg, Director, CIS Sandbox, and Senior Lecturer, Computer Information Systems Bentley University.

Mendix makes technology and resources free for professors and students

“We founded Mendix to reimagine the roles played by Business and IT teams in the application development process, and we’re very excited to launch this program to help educate the next generation of innovators to rapidly translate ideas into real business value,” said Derek Roos, CEO of Mendix. “We’re really excited about the 26 early adopters who implemented our program when we were in beta, and I’d like to invite all educators to learn more about how our Mendix University Program can improve the learning experience for their students.”

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  • 03:00 am

CoInvestor, the alternative assets platform, has been chosen by LendInvest Capital as a preferred method for UK advisers to invest in its Luxembourg-domiciled Real Estate Opportunity Fund.

The £130 million lending fund offers investors the opportunity to participate in a diverse pool of real estate-backed loans originated and underwritten by LendInvest’s experienced underwriting team. The fund aims to deliver a sustainable, uncorrelated income yield to its investors with strong downside protection.

CoInvestor’s online platform streamlines access to LendInvest’s Real Estate Opportunity Fund for the growing number of advisory firms and investors allocating to alternative assets via the platform.

Funds in this rapidly growing asset class had previously been difficult to access directly for advisers with manual application processes that are both time consuming and complex.

Sam Plumptre, Chief Executive of CoInvestor, said: “We are delighted to be LendInvest Capital’s preferred channel for UK advisers to invest in their Opportunity Fund. This is yet another strong endorsement of our ability to make it easier for advisers and investors to access high quality alternative investments via our simple digital investment process.”

Carl Giannotta, Director, LendInvest Capital said: “This is an important new partnership that will give a broader pool of potential investors access to our strategy and give them a superior application process. The ability for UK financial advisers and investors to digitally access the Real Estate Opportunity Fund for the first time promises to make the process simple and efficient.”   

CoInvestor is bringing alternative assets into the mainstream with its ability to remove paperwork and allow advisers to allocate online. By applying digitally, advisers benefit from improved investor reporting and the ability to see their clients’ full range of alternative investments, all in one place, with unprecedented standardised performance information.

The Opportunity Fund is the first Luxembourg based fund available on CoInvestor. Luxembourg is an increasingly important domicile for UK private equity and real estate funds.

Last month, CoInvestor unveiled five major fund managers in the run-up to the height of the tax season: Albion Capital, Amati Global Investors, Blackfinch Investments, Stellar Asset Management and Unicorn Asset Management.

 

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Associate Analyst Worldwide Communications at Mastercard

No seriously. What have I done?! I’ve fallen for payments, and now I can’t get up. I spend all day every day pondering how payments ought to be, and how a startup focused on payments ought to be. see more

  • 05:00 am

NewNet’s Secure Transaction Cloud (STC) virtualized payment transaction solution is is now available on Spire Payments point of sale (POS) range. This innovative cloud-based transaction transport and routing platform utilises virtual crypto engines located in the cloud and offers an alternative to costly legacy HSM and switching hardware. The STC delivers all the benefits of cloud-based technology to acquirers, gateway providers and transaction processors alike: 

  • Highly secure
  • On demand self service
  • Broad network access
  • Resource pooling
  • Dynamic scalability
  • Industry leading measurable performance

Three service models are possible with this virtualized application:  Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). Deployed as private, public, hybrid or community cloud solutions, all customer configurations can be accommodated.

In addition to secure transaction routing and transport, the STC solution can accommodate virtualized secure payment applications which reside in the cloud rather than at end-points.  

“NewNet’s STC solution enables the acquiring and processing industry with one of the most innovative and advanced payment applications available on the market today. Working together with Spire, NewNet facilitates migration of customer systems from legacy infrastructures in a seamless manner with STC solution, while meeting enhanced payment security requirements and offering significant financial savings.” said Devarajan Puthupparambil, Head of NewNet’s Secure Transactions Division. “This futuristic payment platform allows NewNet to expand its payment gateway technology to existing and emerging customer segments.”

TK Cheung, President of Spire Payments, adds, “Spire Payments has worked closely with NewNet for many years and the STC solution perfectly aligns with our medium-term strategy. The natural progression to thin client architectures is now gaining traction with our customers thanks to superior communication capabilities combined with Spire’s POS end points (SP range) which utilise the very latest advancements in payment processing. Working collaboratively, Spire and NewNet can now deliver a cloud-based end-to-end solution which not only exceeds current industry security requirements but provides the ideal platform for future developments in payments.”

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  • 01:00 am

Ingenico Group, the global leader in seamless payment, has expanded its fraud detection and management capabilities with a new, real time solution that enables merchants to increase revenue by optimising their acceptance rate and reduce customer churn.

The new solution leverages sophisticated Artificial Intelligence (AI) technology developed by the German-Israeli payment security company Fraugster to identify and separate fraudulent transactions from legitimate ones. This enables a new fraud protection insurance model, which means fraud is reduced to zero for merchants. If any fraudulent transactions slip through the solution, the costs are absorbed by Fraugster. As the solution is fully integrated into Ingenico’s platform, adding the fraud solution is simple and only requires one click activation with no additional technical implementation on the merchant’s side. 

As the total global eCommerce market continues to grow, so do the costs associated with online fraud and chargebacks. This is particularly true for international merchants, because cross-border payments have significantly higher risk of fraud than domestic payments do. Increasingly, sophisticated cyber criminals also take advantage of the shift to mobile payments, where fraud losses are higher as percentage of revenue. In addition to monetary losses, online fraud also brings with it the risk of potentially severe reputation damage. Consumers are less inclined to shop at merchants that have been associated with fraud. Yet merchants who implement overly strict fraud rules risk rejecting legitimate customers, leading to further monetary and reputation loss. 

As a global Payment Service Provider, Ingenico not only processes online and mobile payments, but also provides value-added services to further optimise merchants’ financial flow. The new fraud solution offers merchants a choice of two products that each target a side of the risk management coin.

• The Fraud Free Product: For merchants who have excessive chargebacks, Fraud Free covers CNP losses for merchants who have high chargeback rates.

• The new Fraud Free+: For merchants who have an acceptance rate problem, Fraud Free+ not only covers merchant’s chargeback losses but also increases their authorisation rates by accepting more genuine customers.

Automated risk management and reporting provide transparency as well as instant, detailed feedback on performance - allowing in-house risk teams to focus on other tasks.

“Fraud is a fact of life for online merchants, but that doesn’t mean they have to just accept it. At Ingenico, we reduce exposure to fraud to a minimum with efficient tooling and expertise,” said Gabriel de Montessus, VP Retail Global Product and Marketing for Ingenico Group. “Artificial intelligence is the future of fraud prevention, and this solution will help our merchants improve their performance.”

“This partnership combines Fraugster’s innovative technology and disruptive vision with Ingenico’s experience, global merchant portfolio and ability to execute at scale,” said Max Laemmle, CEO and founder of Fraugster. “Independently, we each have a piece of the puzzle. Together, we will take that next step and reduce online fraud to zero for merchants.”

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  • 09:00 am

American Express today announced SafeKey 2.0, the next generation of its online authentication tool built specifically to meet the needs of today’s increasingly mobile commerce environment. 

SafeKey 2.0, which leverages the EMV® 3-D Secure 2.0 industry standard, is a global solution that provides an extra layer of security when an American Express Card Member makes a purchase online at a participating merchant. American Express has made its SafeKey 2.0 technical specifications available to merchants, issuers and partners at www.amexsafekey.com. The service will be available for deployment in spring 2018.

SafeKey 2.0 includes several enhancements over the existing SafeKey 1.0 platform that can help identify potential fraud in real-time while making it easier for consumers to check out safely across all digital channels. The updated platform supports authentication methods using biometrics, including fingerprints and facial recognition. It can also be deployed for traditional and emerging commerce channels, ranging from ecommerce websites to in-app purchases made on smartphones and other Internet-connected devices. 

The growing adoption of digital commerce has put greater emphasis on the need for merchants and card issuers to continue evolving their fraud-prevention strategies to address emerging threats while ensuring their customers can easily check out online. SafeKey 2.0 enables merchants and card issuers to exchange more detailed transaction information, which will help to further reduce fraud and eliminate friction when a customer makes a payment by reducing requests for one-time passwords. In addition, SafeKey 2.0 will support card issuers and merchant acquirers in the European Union as they address the Strong Customer Authentication requirements of the Payment Services Directive 2.0.

“The number of consumers making purchases through mobile channels is continuing to grow, and the expected growth of Internet-connected devices will further fuel digital commerce activity,” said Jaromir Divilek, Executive Vice President, Global Network Business, American Express. “SafeKey 2.0 complements American Express’ fraud-prevention capabilities by addressing the evolving needs of merchants, card issuers and Card Members.”

American Express will continue to support the existing 1.0 version of SafeKey for merchants and card issuers who are using the platform. Those who are interested in upgrading to SafeKey 2.0 or deploying the platform for the first time should contact their Merchant Plug-In service provider.

SafeKey 2.0 is one of many tools American Express has made available to help merchants, issuers and Card Members fight fraud. Other tools include Enhanced Authorization, a service that uses additional information submitted by online merchants, such as email addresses, phone numbers, and shipping addresses, to detect fraud when a Card Member transaction is submitted for authorization. American Express also owns Accertify, which helps merchants detect and prevent online fraud across all payment card networks, and InAuth, a leading provider of mobile device authentication and intelligence solutions. For Card Members, American Express offers a number of services and features to help them monitor their account information and prevent fraud at the point of sale, including one-click alerts to confirm charges via text, email and mobile app.

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