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Liza Richardson – IFRS 17
We had a chat with Liza Richardson, VP, Solutions – Finance Transformation at Aptitude Software Limited, who elucidates the beneficiaries derived from regulations such as IFRS 17.
“IFRS 17 is purely for insurers and trying to align the way they recognise their revenue so that it’s the same as everyone else.”
“17 has really driven a change, because you’ve not been able to take your numbers in a more aggregated form, which is traditionally what the insurers have done … They’ve not needed to do any accounting from the actuarial system, they’re just given a provision from the actuaries, and do the provision. That’s really changed, because they now need to evaluate at a policy level, or a group of policy levels, whether something is profitable or not based on what those projected cash flows are.”
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Platform Veteran Geoff Towers Joins Platform One Board
Geoff Towers, the CEO of multiple platforms throughout his career, has joined the Platform One board as a non-executive director.
Mastercard Advances Instant Cross-Border Payments with TIPS Cross-Currency Pilot
Mastercard today announced its participation in a Eurosystem-led pilot, conducted in collaboration with Danmarks Nationalbank and Sveriges Riksbank, on the TARGET Instant Payment Settlement (TIPS) platform, testing instant cross-currency payments (TIPS X-CCY). Participation in the pilot represents a key milestone in Mastercard’s strategy to build direct connectivity to payment infrastructures and demonstrates how instant cross‑border payments can be executed and settled instantly at infrastructure level.
PayAngel Expands Global Payout Capabilities Through Collaboration with Visa and Currencycloud
PayAngel (https://PayAngel.com), a cross-border payments platform built by migrants and shaped by a lived understanding of the migrant journey, today announced an expanded collaboration with Visa, a world leader in digital payments. Leveraging Currencycloud, a Visa Direct solution, PayAngel will strengthen its multicurrency account and international payout capabilities.
Ryan Expands Global Presence and European Reach Through Acquisition of Svalner Atlas Advisors
Ryan, LLC (“Ryan”), a leading global tax services and software provider, today announced it has entered into a definitive agreement to acquire Svalner Atlas Advisors, a premier independent tax and transaction advisory firm headquartered in Stockholm, Sweden. The acquisition will expand Ryan’s presence across the Nordics and Benelux regions while enhancing the Firm’s ability to deliver integrated cross-border tax and advisory services throughout Europe.
Silverflow Accelerates Post-Series B Growth with New Amsterdam HQ and 20% Headcount Increase
Silverflow, the cloud-native payment processing company, is accelerating its post-Series B expansion after signing a major new US customer, increasing headcount by more than 20% and moving into a new Amsterdam headquarters to support growing global demand.
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Orchestrating Data Intelligence to Maximize Unit Margins and Corporate Velocity | payabl., Torus, Raiffeisen Bank | FF Virtual Arena #363
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