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GovCoin Systems has revealed that its distributed ledger technology is being used in a trail to support the government distribution of benefit payments. GovCoin has partnered with Barclays, RWE npower and University College London for the pilot, which commenced in June.
08/07/2016

Silicon Valley Bank has committed an additional $100 million to the Irish innovation sector, after pledging $100 million over five years in June 2012. The new partnership between the bank and the Ireland Strategic Investment Fund is aimed at supporting the technology economy in Ireland. As part of the agreement, Silicon Valley Bank will lend to Irish technology companies, with the Strategic Investment Fund helping to
12/05/2016

US startup Solovis, a multi-asset class portfolio management and reporting platform, has raised $3.25 million in equity financing led by Edison Partners. Solovis software generates detailed reports in real-time for investors adopting multi-asset strategies for diversification and risk management. The platform can analyse and model data across multiple portfolios, relationships and pools of capital, then deliver automated, consolidated reports.
25/01/2016

Momentum Investment Solutions & Consulting (ISC) has adopted RiskFirst’s PFaroe system as its risk analytics platform. The ISC team advises large UK pension schemes on investment strategy, and has over £10 billion of assets under advice. It will use the PFaroe system to help model, implement and monitor sophisticated asset allocation, liability hedging and de-risking strategies.
12/01/2016

LV= has deployed a new cash management solution from Cashfac for trustees administering Self Invested Personal Pensions (SIPPs). The new system is set to drive greater efficiencies and simplification across LV=’s client money operations through the migration of over 41,000 bank accounts to six real accounts and thousands of client managed, virtual accounts.
14/09/2015

The UK’s largest pension payments provider Equiniti has developed a free app to help savers manage their pension pots. New regulations have given people more options to drawdown their pension, and with the average retirement lasting 17 years, Equiniti stressed the importance of people making educated choices about managing their finances to make sure they do not run out of funds.
25/08/2015

Royal London, the largest mutual life, pensions and investment company in the UK, has signed a five-year technology deal with Fujitsu
13/08/2015

LV= has rolled out the UK’s first online retirement advice service, to make guidance more accessible to pension savers
13/07/2015

One in every three Brits feels that insurers are failing on minimum level service expectations
07/07/2015

Companies using Bacs’ payment services need to ensure they are ready for a new level of internet security coming into effect next year
01/06/2015

True Potential Investments has launched its app on the Apple Watch, in what the firm says is a first for the personal finance sector in the UK
26/05/2014

The Payments Council has secured government support to look at supplying more information around electronic payments
19/12/2014

UK consumers are often unaware of how long it will take them to pay off their credit card debts, a new study has argued
07/07/2014

LV= has gone live with a new pensions annuity process from IRESS, and will be followed by fellow insurer Aviva next month
15/05/2014

New challenger and first ‘digital-only’ bank Atom has strengthened its core management team with two senior hires
15/04/2014

Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?

Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.