Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Salem Five, a $4.2 billion Massachusetts-based bank, has selected Fiserv as a new technology partner. The selection was made with a particular emphasis on advancing the banks’ digital focus and enhancing business banking capabilities. The bank will further these strategic priorities by implementing the DNA^® account processing platform from Fiserv along with a range of digital banking, payments, and commercial and cash management solutions. The commercial and cash management solutions selected by the bank are part of the expanded set of commercial banking capabilities offered by Fiserv following the recent acquisition of Online Banking Solutions.

“Salem Five has a sophisticated approach to technology, looking beyond the bells and whistles to consider how technology can enable the entire customer relationship,” said Byron Vielehr, group president, Depository Institution Services, Fiserv. “This is an approach that we at Fiserv share, and we are committed to helping the bank get the most out of their technology, including the commercial and cash management capabilities Fiserv is able to offer as a result of our acquisition of Online Banking Solutions.”

The bank selected DNA to ensure retail and business customers have the most innovative tools to collaboratively manage their finances. The bank wanted the most modern platform available that could grow with Salem Five for the long term, and they appreciated the robust DNA roadmap.

Salem Five has a long history of supporting the financial needs of businesses throughout the Greater Boston business community, including providing financing for transformative initiatives. Serving this important market of community businesses continues to be a strategic imperative for the bank, aligning with their mission as an independent mutual bank. Salem Five will enhance their commercial and cash management capabilities with a modern cash management platform from Fiserv, allowing them to deliver the user experience and functionality business users expect. Salem Five will also add tools to streamline account analysis and billing and facilitate treasury management tasks such as positive pay and reconciliation to meet the needs of commercial customers.

In addition to supporting the bank’s overall goal of digital transformation, the addition of robust online and mobile banking capabilities, including electronic payments and image capture, will help Salem Five meet the expectations of today’s more digitally focused customers, including those that are served via its nationwide direct bank business.

Recognized by industry-leading analysts for its technology, user experience and breadth of functionality, DNA from Fiserv is the first open, real-time account processing platform built for collaboration. A modern platform developed using contemporary, standards-based components, DNA provides a 360-degree view of customer relationships and facilitates streamlined processes within the financial institution.

In a world that is moving faster than ever before, Fiserv helps clients deliver solutions that are in step with the way people live and work today – financial services at the speed of life. Learn more at Fiserv.com.

MarketInvoice, the world’s largest peer-to-peer online invoice finance platform, has today launchedMarketInvoice Pro – an innovative confidential invoice discounting service - using technology to provide finance easier and faster for businesses that have a regular funding need.

Having funded invoices over £1.1bn (to date, since 2011) with an invoice-by-invoice finance product, MarketInvoice is aiming to double its lending in 2017 with the launch of MarketInvoice Pro which offers businesses an open funding line against their outstanding invoices. The ambitious growth target is underlined by significant demand from existing users¹, interest from investors seeking to increase their deployment on the platform and a recent £7.2m investment into MarketInvoice by MCI Capital and Northzone Partners.

MarketInvoice has a customer retention rate² of 81% (mapped over a 5-year period since set-up) and lending has increased 4-fold over the last twelve months, providing (on average) £2,196 every minute to UK businesses. Investor appetite has also grown significantly over the past two years; the number of sophisticated investors active on the platform has increased by 25%, with institutions increasing by 42% and high net worth investors are up by 235%.

MarketInvoice’s main strategic ambition is to broaden its reach offering to be able to support a wider range of businesses, from start-ups to businesses looking to scale-up. Ensuring that even more companies can get paid faster by financing their invoices allowing business owners to save time and focus on what’s most important – running their business.

Anil Stocker, CEO and co-founder of MarketInvoice commented: “This launch marks a significant milestone for us and signals our intent on shaking-up and challenging the mainstream market. Our aim is to build tech-led funding products that are the fastest to set up and easiest to use in the market. MarketInvoice Pro is a natural evolution of our business and brings a fresh and innovative approach to solving the biggest issues for businesses in the UK; available cash-flow.

“Our track-record of exceptional customer service with businesses and their reciprocal trust and faith in us, means we are confident of delivering more funding and success for them. The appetite for asset-based finance is roaring and we aim to forge new ground in this £20bn industry”

“As Brexit takes shape, we think the coming months present a significant opportunity for MarketInvoice. In every period of turmoil there exists huge opportunity – we believe our model will mature through this cycle, and prove we are here to stay.”

How MarketInvoice Pro works

The new confidential invoice discounting line is secured against outstanding invoices. Companies can use the funding line when they need it, and the value of the facility grows as the company grows. MarketInvoice Pro offers one of the fastest funding decisions in the market; MarketInvoice’s system connects to a company’s accounting software to credit score and provide real-time limits and balances. MarketInoivce Pro is supported by an easy to use platform and MarketInvoice’s award-winning personalised service.

Neptune Networks Ltd. "Neptune", the open-standard network for bond real-time AXE indications, today announced the addition of Nomura and Jefferies to its network.

The Neptune network provides a venue for institutional investors to access sell-side pricing on the key bonds they are looking to buy and sell, making it easier for these investors to execute orders, prove best execution, minimize information leakage and comply with regulation such as SEC Rule 22e-4, and it’s equivalent in EMEA, which expands on the existing framework for the oversight and management of liquidity risks.

Seventeen bond dealers are already live on the real-time network (the remaining four are expected to go live in Q1) with over 13,500 individual securities, across 20 different denominations. This has resulted in over 19,500 real-time AXE indications in the system, updating around 7 million times per day. The 15% growth in bond IOIs, since the end of 2016, has been driven by dealers increasing belief in the platform, whilst using it as their preferred channel to distribute this data to their clients.

“The addition of Nomura and Jefferies to the Neptune network is an important step forward in the development of our open-access, non-discriminatory network which links bond market participants and makes markets more efficient whilst continuing the theme of aggregating global liquidity onto one platform,” said Grant Wilson, CEO of Neptune Networks Ltd.

Neptune is a not-for-profit, technology utility incorporated in July 2016. The aim of Neptune is to increase and improve the quality of information available to bond market participants by providing higher quality data which should transfer into a positive impact on liquidity and transparency.

The data is provided to the network using an open standard which means it is cheap for Banks to connect to the network, as well as being uncomplicated for the buy-side to integrate with OMS/EMS systems.

As a utility, Neptune is placing itself at the heart of the Bond market as the ‘trusted go to’ venue for the buy-side to access the highest quality sell-side bond data in order to meet their existing and future needs – a network by the market, for the market. Expanding from zero to almost 20,000 real-time line items has happened in just 18 months. Once live with Jefferies and Nomura (alongside Citi and Deutsche Bank - who were announced in late 2016), we believe those 21 Banks will cover approximately 90% of the European credit market for buy-side customers. Beyond that we continue to expand our USD product coverage and connectivity to the US-based desks of these Banks.

Grant Wilson, CEO Neptune Networks Ltd commented further, “Identifying the client pain points, for Neptune to solve, was critical. It wasn’t simply a matter of considering the issues surrounding pre-trade data in the corporate bond market – it was focusing on aspects that were common amongst market participants and that could be addressed by technology: structure, distribution and quality. Another key aspect, which remains an issue going forward for all new initiatives, is the dominance of a few incumbent vendors in providing the “last mile” connectivity to end-user desktops. This dominance of the desktop has slowed the pace of innovation in many cases, at a time when market participants continue to struggle to source real time liquidity."

Adyen, the leading payments technology company, today announced the company increased transaction volume 80 percent year-over-year, totaling $90 billion in 2016. Adyen also made significant traction in the retail market, unveiling successful in-store and omnichannel payment solutions for customers like Tory Burch and Burberry.

“The opportunity for disruption and innovation in global payments is like no other market in the world today,” said Pieter van der Does, co-founder and CEO of Adyen. “Adyen has become the partner of choice for companies looking to expand globally, and we’re now seeing real growth in our next big area of focus, the in-store retail payment experience.”

Along with Tory Burch, Burberry and Topshop, Adyen’s fast growing list of retail customers includes L’Oreal and Scotch & Soda. In the past twelve months, the company’s in-store point of sale solution has expanded to over 2,700 live stores in U.S. and Europe.

In the UK, Adyen continues to make significant strides in the retail space. Recently, Jack Wills signed with Adyen to provide its full omnichannel payments solution and Topshop selected Adyen to enable its store expansion across Europe.

“This year we expect to see a continued emphasis on retailers fitting seamlessly around the lives of shoppers, which means harnessing the best of their online and physical worlds to provide the best possible service and new, innovative shopper experiences” explained Myles Dawson, UK Country Manager, Adyen. “Today, Adyen handles in-store and omnichannel payments for many of the UK’s top retailers, reaching around a third of all shoppers.”

Adyen has also continued to expand the number of ecommerce businesses it works with, bringing on new customers such as Etsy, LinkedIn, Skype and Twitter to join existing customers including Uber, Netflix, Facebook, Airbnb, Spotify and more.

Throughout 2016, Adyen increased its footprint around the globe. Adyen expanded its local card acquiring capabilities to the U.S., Brazil, Hong Kong and Australia. Additionally, it continued to add local payment methods in key markets – including WeChat Pay in China and Oxxo in Mexico. Adyen is unique in that it has a single global end-to-end platform, which enables the company to increase overall conversion rates for its customers by 1.4%.

The company also increased profitability in 2016, and has been profitable since 2011.

For more information about the Adyen payment platform, visit: http://www.adyen.com

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its full-service institutional straight-through-processing (STP) suite of products, which automate trade lifecycle events between 3,800investment managers, broker/dealers and custodian banks, processed close to one billion trades, for the first time, in 2016, including equities and fixed income trades as well as equity swap and repurchase agreement trades.

“As a user-owned and governed firm, DTCC takes very seriously its role in advancing solutions that help to secure and shape the future growth and development of the marketplace,” said Paula Arthus, Managing Director and Head of Omgeo and Data Services at DTCC. “DTCC’s mission is to create market efficiencies and reduce costs, and that’s precisely what we’re doing with our institutional trade processing suite of products. We aim to provide value across our networked, global community – particularly as we gear up for the transition to a T+2 settlement cycle in the U.S. and the implementation of MiFID II in Europe.”

DTCC’s institutional trade processing suite of products includes: Omgeo Central Trade Manager (‘Omgeo CTM’), DTCC’s strategic platform for the central matching of cross-border and domestic transactions; Omgeo OASYS (‘OASYS’), DTCC’s U.S. domestic trade allocation and acceptance service that communicates trade and allocation details between investment managers and broker/dealers; and Omgeo TradeSuite ID (‘TradeSuite ID’), a cornerstone of the U.S. equity and fixed-income markets, which delivers both efficiency and cost savings to firms through automated electronic trade agreement between counterparties.

“DTCC recently introduced reduced pricing for clients who use TradeSuite ID and Omgeo CTM, plus a new, simplified rate card and billing transparency tool for TradeSuite ID users – enabling clients to significantly reduce costs and improve budgeting,” said Matthew Nelson, Managing Director of Global Product and Strategy at DTCC’s Omgeo. “We’re committed to delivering solutions that address our clients’ needs and to continuing to help mitigate operational risk wherever possible.”

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, will be demonstrating the next-generation of eCommerce payments with the UP eCommerce Payments solution at the Merchant Payments Ecosystem conference in Berlin, February 14-16. The platform solution empowers merchants and the payment service providers (PSPs) that serve them to embrace payments innovation and maximize checkout conversion rates.

ACI will also showcase its UP Immediate Payments solution and Proactive Risk Manager (PRM), highlighting real-time payments and fraud management capabilities for financial intermediaries and central infrastructures.

Company executives will take the stage to share their insights into how the payments ecosystem is evolving and is being driven by regulatory changes, open payment technology and expectations around customer experience.

• Silvia Mensdorff-Pouilly, general manager EMEA, ACI Worldwide, will share insights into how PSD2 and other regulations are impacting alternative, mobile and instant payments. Tuesday, February 14, 11:30am.
• Paul Thomalla, senior vice president, Corporate Relations & Development, ACI Worldwide, will participate in a C-level Club discussion on what is coming next in the acquiring and processing space. Tuesday, February 14, 12:30pm.
• Falk Schubert, head of sales Europe, ACI Worldwide, will moderate a panel on ‘The New Payments Ecosystem,’ addressing emerging mobile payments technology, growth strategies for payment intermediaries, and local versus pan-European initiatives. Tuesday, February 14, 2:00pm.
• Wolfgang Berner, director, global eCommerce, ACI Worldwide, will deliver a keynote on the API-ization of payments and what it means for innovation at the POS and for eCommerce payments, as the IoT looms on the horizon. Wednesday, February 15, 1:40pm.

Ancoa, provider of contextual surveillance and insightful analytics for exchanges, regulators, and buy & sell-side firms, today announced that Convergex, an agency-focused global brokerage and trading related services provider, has deployed Ancoa’s market surveillance platform to monitor all trading activity across its domestic (U.S.) and international cash equities and options brokerage businesses. The deployment monitors trading activity of all lit and dark venues including Millennium, Convergex’s proprietary ATS.

Convergex delivers comprehensive solutions that include its award winning ETF Direct® platform and algorithms, global high-touch and electronic trading, options trading and technologies, prime brokerage services, global clearing, commission management, corporate access and more, to nearly 3,000 clients accessing over 100 global market centers. Convergex has international coverage of options and cash equities in approximately 6,500 symbols.

Preventing market abuse by timely detecting manipulation attempts and other potentially improper trading activity has become a regulatory requirement for market participants across all major jurisdictions.  Global regulatory efforts to uphold the integrity of the markets and protect end investors have seen the introduction of stricter market abuse rules and regulations.  Trading firms in the U.S., as well as internationally, need to demonstrate to their regulators that they have the surveillance capabilities necessary to prevent inappropriate trading activity and take the necessary steps to investigate these abuses.

Convergex has chosen to deploy Ancoa’s market surveillance platform across its U.S. and international operations following a rigorous due diligence and vendor review process. Ancoa’s surveillance capabilities and strong visualization tools enable Convergex’s global management team to carry out its oversight functions in a coordinated and efficient way.  Furthermore, Convergex’s global compliance team can now further comply with U.S. and international market abuse regulations and better monitor the ATS market participants via one central platform.  

Convergex’s cloud based deployment running on Amazon Web Services (AWS) is certificated to ISO 27001 information security standards.  AWS provides a managed and secured infrastructure environment while the deployment ensures cyber security is managed at every level in a secure, efficient and cost effective way.

Ann Neidenbach, Chief Information Officer of Convergex, said: “We chose Ancoa because of its leading edge technology and robust trading surveillance capabilities to support our global multi-asset requirements. Furthermore, Convergex is ahead of the curve by migrating to Ancoa’s cloud based solution to address our surveillance needs in the most comprehensive and cost efficient way.”

Niko Mykkanen, Partner Lead, AWS EMEA, added: “AWS helps financial organizations to build secure and compliant applications. We are excited to see customers such as Convergex working with AWS Technology Partner Ancoa to realize the benefits of the cloud.”

Stefan Hendrickx, Founder and Executive Director, Ancoa, concluded: “We are thrilled to work with the Convergex compliance and management teams both in London and New York.  We understand the regulatory pressures to prevent market abuse and uphold market integrity, and we tailored our platform to suit Convergex’s surveillance needs.  We are confident that Ancoa’s monitoring capabilities will enable compliance teams to fulfil their regulatory and surveillance obligations with confidence and also provide valuable insights to the Convergex management team.”

Following the announcement in December 2016 that affiliates of Xura entered into definitive agreements to acquire Mitel Mobility, Inc. ("Mitel Mobile"), a division of Mitel Networks Corporation ("Mitel") (Nasdaq:MITL) (TSX:MNW), and Ranzure Networks, Inc. ("Ranzure"), today Xura announces that upon completion of the transactions the new combined company name will be Mavenir Systems, Inc. ("Mavenir Systems" or "Mavenir").  Affiliates of Xura completed the previously announced acquisition of Ranzure Networks on February 1, 2017. The acquisition of Mitel Mobile by affiliates of Xura remains subject to customary closing conditions and is expected to close in the first quarter of 2017.

Xura's CEO, Pardeep Kohli, formerly CEO of Mitel Mobile's predecessor (also named Mavenir Systems) and Co-Founder and CEO of Ranzure Networks, will lead the new company under the reactivated Mavenir name.

Mavenir Systems, which was acquired by Mitel in 2015 and rebranded to Mitel Mobile, established its industry leadership in 4G LTE mobile solutions that helped define the market with a series of industry firsts, including the world's first live network deployments of Voice over LTE ("VoLTE") and RCS5 with MetroPCS (now T-Mobile), and the first mobile network deployment of IMS-based Voice over WiFi ("VoWi-Fi") with T-Mobile US.

The new Mavenir, to be formed by the combination of Xura, Mitel Mobile and Ranzure, will establish a leading player in fully-virtualized, 5G ready software solutions across every layer of the network infrastructure stack, helping Communications Service Providers ("CSPs") drive revenues, efficiencies, flexibility and scalability as they adopt the cloud and virtualize their networks.  The new solution set will enable customers to drive service innovation, deliver optimization and handle exponential traffic growth from Internet of Things ("IoT") and 5G applications.

Xura's CEO, Pardeep Kohli, commented: "Mavenir's strong global brand reputation and proven track record of market-leading innovation across its product set made the name a natural choice for us. Mavenir has led multiple industry-first innovations, including the first at-scale deployments of virtualization and software defined networking to mobile core networks. Moving ahead, we will build on this success, offering evolved, cloud-proven networking solutions, from radio access and packet core to 5G applications and services. We will drive innovation and new experiences for our customers and their end users. In anticipation of the completion of the acquisition and the Mavenir Systems brand re-launch, Mitel Mobile will attend Mobile World Congress 2017 as Mavenir."

Delphix, the market leader in data virtualisation, has announced that the UK’s leading challenger bank, Metro Bank, has dramatically accelerated project delivery, cutting data provisioning time by 80 per cent, following the deployment of the Delphix Data Virtualization platform. In an industry where time to market pressures matter, the Delphix solution delivered a record breaking speed of ROI within six weeks of deployment.

“Working with Delphix has enabled us to provision environments in a single day, saving the team a significant amount of time,” said David Young, Chief Technology Officer at Metro Bank.

In order to support its ambitious growth plans, the bank began working with Delphix, helping it to boost its change delivery programme and enabling it to deliver data to teams seamlessly and efficiently.

“It’s challenging enough integrating enterprise software into an existing IT stack let alone realising any ROI,” said John Meldrum Regional Sales Manager for Northern Europe at Delphix. “Metro Bank really impressed achieving payback in six weeks, pretty much unaided. We are delighted that Delphix delivered so much value so quickly.”

“The fact that deployment took only two weeks, with little additional support, is testament to Delphix’s customer-focussed approach,” said Young.

Metro Bank, the UK’s first new high street bank in more than 100 years, is committed to providing customers with unparalleled levels of service and convenience, through whichever channel they choose. Its focus on using state-of-the-art IT has enabled Metro Bank to provide industry-first innovations, such as 20-minute paperless account opening and temporary card freezing.