Infotec has signed a three-year contract to use Radianz’s network and hosting services. Infotec will use Radianz’s services for business continuity and to connect more financial institutions worldwide to its financial services. Those services will be housed in Radianz’s Geneva hosting facility.
ExxonMobil is legally challenging a $2m fine from the US Treasury for allegedly violating sanctions against Russia in 2014 while US Secretary of State Rex Tillerson was still overseeing the company.
BNP Paribas is the latest in a long line of financial service companies to be penalised for misconduct during the financial crisis on both sides of the Atlantic.
Late payments were experienced by 64% of companies in 2016, a recent Coface report found.
Frankfurt has announced proposed changes to employment laws to allow banks to hire and fire more easily.