UK semiconductor and software design company ARM Holdings (ARM), is moving into the secure mobile payment market by taking a 40% stake in a new company, Trustronic, which ARM, is developing a platform for secure payments over mobile devices.
ARM’s partners in the venture are Dutch security company Gemalto and German payment systems company Giesecke & Devrient, each of which has 30%. Trustronic will be based in ARM’s UK home town of Cambridge.
Companies that are reported to have expressed interest in adopting the Trustronic platform are Samsung, Cisco, 20th Century Fox, Mastercard, Sprint, Symantec, Wave Systems, Nvidia, Discretix, Irdeto, Inside Secure, and Good Technology.
According to reports, the new company aims to commercialise trusted execution environments (TEEs), which have some similarities but also a number of major differences from the so-called ‘wave-and-pay’ near-field communications (NFC).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
There are various ways for financial institutions to benefit from advanced technologies and business models provided by FinTech's. Whether a business' approach is radical or incremental, data management can help a company to increase their return on investment, argues André Casterman, INTIX.
Tim de Knegt, strategic finance and treasury manager for the Port of Rotterdam, discusses how he is using blockchain, the challenges he will face in his role of treasury over the next 12 months and the advice he would give to someone starting out their career in treasury.
As the May 25 deadline for Europe’s General Data Protection Regulation (GDPR) inches closer, many treasurers are being lumped with the task of ensuring their wider company is compliant.