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Today Halcyon Financial Technology, L.P. (HalcyonFT), announces that it has been recognized by CIO Applications magazine as one of the “Top 10 Cyber Security Consulting/Services Companies” of 2020. The annual award recognizes the importance of developing best-in-class strategies and solutions to help organizations strengthen their cybersecurity capabilities. CIO Applications magazine reports that “nearly 20 percent of organizations that undergo a cyberattack go out of business.” To help business leaders navigate cybersecurity risks, every year the...

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Australian-based clim-tech company XDI today joined globals Legal & General Investment Management (L&G) and Baringa Partners to launch a new, market-leading Climate Change Risk Framework using the most comprehensive climate change data available worldwide. Logo – https://s3-ap-southeast-2.amazonaws.com/mnr-s3-prod/0029/000392_xdilogo.jpg With financial regulators globally calling for stress testing climate risk, firms may soon be required to test the physical and transition risks of climate scenarios as impacts increase due to climate change. Fintech News L&G, the UK’s largest investment...

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Aon plc (NYSE:AON) and Willis Towers Watson (NASDAQ: WLTW) today announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion.4 “The combination of Willis Towers Watson and Aon is a natural next step in our journey to better serve our clients in the areas of people, risk and capital,” said Willis Towers Watson CEO John Haley. “This transaction accelerates that journey by providing our combined teams the opportunity to drive innovation...

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Banks must embrace openness to survive according to fintech challenger Bruc Bond In February 2020, a McKinsey report indicated that reinvention of the banking system is crucial for the livelihood of the sector. Following the report, Bruc Bond, (formerly Moneta International), a leading business banking firm, has today issued a stark warning to UK banks that it must embrace new open banking practices to survive. The movement to a more open and interconnected financial world, which started...

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