ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, is proud to announce that its leader Mr. Robert Hazboun is recognized as one of the top 20 CEOs of the year 2017 by the CEO Insight Magazine. 

The CEO Insight Global awards acknowledge best practice and innovation across the business community, the list reflects the best and the brightest pioneers in business today, they shine a spotlight on the people that lead the pack in terms of innovation. However, the best CEOs generally deliver strong performance over many years, and its list of top performers features the business leaders who have proved themselves over. the entire length of their tenure.

The publisher of CEO Insight Magazine, Mr. Jamie Harrison commented:

​ “Mr. Robert Hazboun has continuously demonstrated excellence over many years leading the global growth of ICS Financial Systems (ICSFS). His brand leadership, customer focus and corporate culture skill sets has advanced and accelerated the awareness of the ICSFS brand, the adoption of ICSFS solutions and the penetration of new products and new markets.”

Mr. Robert Hazboun, Managing Director of ICSFS, commented on this occasion:

“We are delighted to receive such an award, as we, at ICSFS have been considered as a global leader in embracing innovative technology, delivering superior services accompanied by strong performance.” Hazboun added; “I am proud of our achievements, where this award symbolises my contribution to ICSFS’ objective in offering bespoke state-of-art financial products and services.” 

Today YES BANK, one of the largest Indian private sector banks, launched cashless payment solution for Nashik Smart City, in partnership with the Nashik Municipal Corporation (NMC) to aid the Government’s dream of a less-cash economy.

German Robo Advisor Ginmon and other FinTechs move into the new center “The Spot” and settle in Frankfurt’s financial district. With a monthly growth rate of 30 percent and 30 employees an extension of area became necessary for Ginmon. The new accommodation of 400 square meters is situated in the new founded FinTech-Hub “The Spot” (Mainzer Landstraße, nearby François-Mitterrand-Platz). Ginmon’s new office is close to the financial district as well as to the quarter around the railway station. “The new location symbolizes our image as a reachable and accessible financial service provider. The city of Frankfurt matches with our global ambitions”, Lars Reiner, founder and managing director of Ginmon, explains. 

Payscape Financial technology provider, has teamed up with Atlanta’s Embassy National Bank, to provide local businesses with the latest financial products and services that will allow them to increase cash flow, process payments, and streamline their business operations through innovative software solutions.

The demand for technology has risen over the years, mostly for supporting centralized data collection, streamlining procedures, and managing the constant changes in regulations with attention to risk and complying with client guidelines. With increased reliance on technology, vendor management systems are getting a major overhaul. The key components that are being focused on are analytics, automation, and data administration.

United Field Services, Inc. has created a proprietary vendor management system that effectively maintains stability in its vendor network, monitors ongoing service expectations and results, and processes vendor activity efficiently. As a company that strongly believes in unification and partnership with its vendors, the MS system is strategically contributing to help fight blight in vacant and abandoned properties which in turn promotes safe and viable neighborhoods. With multiple servicing requests such as property preservation, asset management and property inspections, United Field Services is working diligently to set and maintain the highest of standards.

In order to better understand the inner workings of MS, United Field Services has identified the three main areas of focus that help set it apart from its industry competitors. Among other significant features, the MS vendor network system is supported by its comprehensive document repository, coverage mapping technology, and vendor feedback and scorecard integration.

Training Documents and Requirements

With automation being the key feature, the vendor never has to worry about expired documents as the system automatically alerts the vendor via email that expirations are pending and to renew certificates and licenses accordingly. This too can be said about changes in contracts that have recently been edited and in turn need to be resubmitted.

Service Areas

Accurate service/coverage areas that require an in-depth location with drive time capabilities that identifies a vendor's potential turn-around time for completion of work. These precise areas are then inputted onto a real-time mapping tool that allows the assigning team members to accurately allocate work requests.

Vendor Rating and Feedback

Vendors have the ability to receive feedback on a monthly basis through their vendor profile. They are designated ratings or "stars" based on their turn-around time, communication and, most importantly, quality. Comments and suggestions on how to improve are also communicated through this channel which in turn allows for better training procedures to take place for current and future on-boarding vendors. MS system allows the vendors to keep track of the quality of their work regularly and maintain 5-star quality work.

MS is an all-inclusive hub, automating and accurately analyzing data from initial application to vendor management operational tasks. United Field Services, Inc. is continuously on the lookout for the latest breakthroughs and innovations in developing user-friendly content as technology becomes the forefront of the continued success of the mortgage servicing industry. Adapting to the constant changes in the industry, the MS vendor system is capable of meeting and exceeding the expanding needs of clients and vendors.

BlockchainOS has entegrated EYC3, EY’s Asia-Pacific data and analytics capability, to support development of the BOScoin cryptocurrency. “EY is very excited to support the BOScoin Platform and sees a very strong potential in blockchain technology for both consumers and businesses,” Gwang Rim Yi, Partner for EYC3 Seoul office.

EY will utilise their expertise in the governance realm, drawing from their wide range of experience it has from working with global enterprises and applying it to the BOScoin platform’s self-evolving governance system.  

“Having the support from such a renowned firm provides us with the global reach and will help provide direction to the design of the platform,” CK Park, Chairman of BOScoin.

Most recently BlockchainOS presented the BOScoin platform concept at meetups in Berlin and London, answering questions from the wider community on various interest areas including technical, architecture and design; to applications, operations and governance.

BOScoin is a self-evolving cryptocurrency platform for Trust Contracts. Trust Contracts are self-executing programs on the blockchain similar to smart contracts. BOScoin Trust Contracts provide the foundations for a secure, self-evolving system where non-technical users can also create immutable and shareable contracts on the blockchain.

With US$3 million raised from pre-ICO funding, the official ICO – scheduled to commence in a month’s time – invites the public to participate in the international cryptocurrency platform.

Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced ICE Clear Credit will introduce clearing for additional credit default swaps (CDS) of U.S. and European financial companies.

The introduction of the referenced entities follows the recent enhancements to ICE Clear Credit’s recovery and default management rules and procedures that further strengthen the default management process, offering more protection for market participants. Additionally, ICE Clear Credit’s risk management model provides capital efficiencies with portfolio margining through offsets between index instruments and their underlying constituents, and the ability to hold house and client U.S. dollar cash deposits in Federal Reserve accounts.

“The launch of clearing services for these single names is an important milestone for the global credit market as we continue to build transparency, confidence and robust risk management practices in the CDS market,” said Stan Ivanov, President of ICE Clear Credit. “We have worked closely with market participants and regulators to ensure we offer the appropriate set of cleared financial instruments in the most robust and efficient clearing framework. We will continue to develop new services to offer the most comprehensive suite of cleared CDS instruments globally.”

The growth of single name clearing continues into 2017, with record open interest of over $820 billion in combined ICE Clear Credit and ICE Clear Europe index and single name instruments during March. In addition, record buy-side single name notional volume in March was $68.5 billion, compared to $29 billion in November 2016, the last monthly volume record for single names.

Also for the first quarter of 2017, ICE set volume records in both buy-side single names and sovereign single names cleared. Buy-side single names set a record with $114 billion and sovereign activity saw a record of $188 billion in the first quarter of 2017, compared to previous records of $60 billion and $166 billion respectively, in the fourth quarter of 2016.

Launched in 2009, ICE Clear Credit and ICE Clear Europe clear more than 500 single name and index CDS instruments based on corporate and sovereign debt. ICE’s CDS clearing houses have reduced counterparty risk exposure by clearing more than $87 trillion in gross notional value of CDS instruments, with resulting open interest of approximately $1.6 trillion.