Interactive Brokers Group, Inc. (NASDAQ:IBKR) has released its May IB Communiqué to inform clients worldwide about the latest enhancements to its Trader Workstation platform (TWS).

Adaptive Algo Order Type - Price Improvement or Fast Fill? Now you can have both. Marketable orders generally result in a fast fill. Non-marketable orders may deliver a better price, but may take a long time to execute and may not even get filled. Enter the Adaptive Algo, the newest member of our growing IB Algo family. The Adaptive Algo aims to deliver the best of both worlds. By adapting to market conditions, it attempts to achieve the fastest fill at the best all-in price.

Integration of External Accounts - PortfolioAnalyst is an easy-to-use online performance analysis and reporting tool. Now you can use PortfolioAnalyst to see the current performance of all of your financial accounts, including your investment, checking, savings, annuity, incentive plan and credit card accounts held at financial institutions outside of Interactive Brokers.

Portfolio Builder - Portfolio Builder allows you to create and invest in custom-designed strategies and then track their performance in your existing portfolio.

Bloomberg TV Added to TWS - Our robust, real-time Mosaic news panel just got better. We now offer a Bloomberg TV feed that brings you live, streaming news from one of the world's most trusted sources for financial news and market information.

Apple Watch - It's never been easier to check your IB account activity. Now configurable as an Apple Watch Glance, you can check key account metrics such as Net Liquidation, Orders and Trades, Excess Liquidity and your Current Positions with a glance at your wrist.

New Online API Documentation - Our new online API documentation hosted on GitHub is full of benefits for clients who want to use our API.

Read the entire May IB Communiqué here.

About Interactive Brokers Group, Inc.

Interactive Brokers Group, Inc., together with its subsidiaries, is an automated global electronic broker that specializes in catering to financial professionals by offering state-of-the-art trading technology, superior execution capabilities, worldwide electronic access, and sophisticated risk management tools at exceptionally low costs. The brokerage trading platform utilizes the same innovative technology as the Company's market making business, which specializes in routing orders and executing and processing trades in securities, futures, foreign exchange instruments, bonds and funds on more than 100 electronic exchanges and trading venues around the world. As a market maker, we provide liquidity at these marketplaces and, as a broker, we provide professional traders and investors with electronic access to stocks, options, futures, forex, bonds and mutual funds from a single IB Universal Account™. Employing proprietary software on a global communications network, Interactive Brokers is continuously integrating its software with a growing number of exchanges and trading venues into one automatically functioning, computerized platform that requires minimal human intervention.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160525005970/en/

• Join the conversation & fun on twitter with @Bajaj_Finserv using #50For4 starting 8:50 am, May 29^th Sunday
• Announced limited period offer to buy 50 inch branded LED TV in 4 easy EMIs valid till 31^st May

• Max Life’s Operating Revenues: Rs 9,139 Cr., grew 13%
• Max Life EV as at 31^st  March 2016: Rs 5,617 Cr; Operating Return on EV: 17%
• Max Life AUM as at 31^st March 2016: Rs. 35,824 Cr., grew  15%

The next edition of the global event focusing on secure payment, identification and connection solutions will offer the best topic-focused conference sessions and an exclusive speaker line-up.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160530005211/en/

Tesla Motors, Google, Poynt, Worldpay, Santander Bank…an exclusive speaker line-up (Photo: Business Wire)

The following executives will give a keynote speech:

JB STRAUBEL, Co-founder & CTO, TESLA MOTORS

JB has been since 2005 the CTO of the world’s most innovative company, Tesla Motors (as named by FORBES magazine, 2015). At Tesla, JB manages the technical direction and engineering design of the Tesla products including battery technology, power electronics, motors, software, firmware and controls. He also has responsibility for new technology evaluation, R&D, technical diligence review of key vendors, and building partner relationships.

ADRIAN LUDWIG, Director of Engineering, Lead Engineer, Android Security, GOOGLE

Adrian is the Lead Engineer for Android Security at Google. In this role, he is responsible for the security of the Android platform and Google's applications and services for Android. Prior to joining Google, Adrian held technical leadership positions at Joyent, Adobe, Macromedia, @stake, and the Department of Defense. He has a BA in Mathematics from Williams College and an MBA from the University of California, Berkeley.

OSAMA BEDIER, Founder & CEO, POYNT

Over the past decade, technology has transformed the way people shopped. It was time for commerce to catch up! Osama founded Poynt on the belief that payments should be more efficient, transparent and uncomplicated for both merchants and consumers. The Poynt Smart Terminal is moving the payments story forward to a place where every player in the ecosystem benefits.

Throughout his career, Osama has helped shape the entire payments ecosystem. Prior to founding Poynt, Osama served as Vice President of Payments at Google, Head of Google Wallet and held various leadership roles at Paypal, eBay, Gateway Computers and AT&T Wireless.

RON KALIFA, Vice Chairman and Executive Director, WORLDPAY

Ron was appointed as vice chairman and executive director in 2013, having previously been chief executive officer of the organisation for over 10 years. Prior to this Ron held various executive roles within RBS and prior to that within NatWest. Ron is regarded as an expert in the card and payments industry and was recognised as “Industry Personality of the Year” at the 2011 Card & Payments Awards for his commitment and contribution to the field. While Ron has significant experience as a chief executive officer within the payments industry, he has also developed key strengths in mergers and acquisitions and strategy development. Ron is also a member of the Visa Europe board.

PETER JACKSON, Head of Innovation, SANTANDER BANK

Peter Jackson was CEO of the Travelex Group, where he led a major process to transform the company, focused on digital innovation and business re-engineering, and through mergers and acquisitions. Previously, he held senior positions at Lloyds and Halifax Bank of Scotland, and was a consultant at McKinsey & Company. Peter graduated in Engineering from the University of Cambridge.
Santander bank created the corporate Innovation area, to research and anticipate market trends, and design business and customer solutions from a global, disruptive and long-term perspective. The innovation area includes Openbank, the Group´s online bank in Spain.

CASPAR BERRY, Risk Taking and Decision Making, Poker player

Caspar Berry was educated at the Royal Grammar School, Newcastle upon Tyne, before reading economics and then anthropology at Cambridge University.
Caspar Berry is a motivational and keynote speaker specializing in the subjects of risk, decision making, innovation and leadership. He has previously worked as an actor, screenwriter for film and television, sports commentator, entrepreneur and professional poker player. Berry was the presenter and poker expert on a number of TV poker shows. He was an uncredited poker adviser on the 2006 James Bond movie Casino Royale, along with his credited Sky Poker co-host Dr Tom.

About TRUSTECH (incorporating CARTES)

The show was first held over thirty years ago under the name “Cartes Secure Connexions”, to promote the new-born technology of smartcards. Now it has been re-named “TRUSTECH (incorporating CARTES)”, a better reflection of the way the industry and the event have evolved, and of its focus on trust-based technologies

The 2016 edition, to be held from 29 November to 1 Decembe, is expected to bring together more than 18,000 participants from 130 countries, 400 exhibitors and sponsors, and 250 speakers.

Blockchain, Fintech, E-ID, E-Government, and Data Management to be the core themes of the event.

More information at www.trustech-event.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20160530005211/en/

Network International , the leading payment solutions provider in the Middle East and Africa (MEA) and OT (Oberthur Technologies), a leading global provider of embedded security software products and services, today announced their partnership to offer to banks in the MEA region OT’s dynamic cryptogram payment card to secure online transactions - OT MOTION CODE™ solution.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160531005698/en/

Network International selects OT’s MOTION CODE™ solution to secure online transactions in the Middle East & Africa. Picture from Cards & Payments Middle East trade show, with Frédéric Beylier, Chief Operating Officer at OT, Bhairav Trivedi, Chief Executive Officer at Network International, Eric Duforest, M-BU Managing Director Financial Services Institutions at OT and Muzaffar Khokhar, Regional President for Russia, Middle-East and Africa at OT (Photo: Business Wire)

The OT MOTION CODE™ solution provides an extra layer of security for Card-Not-Present (CNP) transactions (ecommerce transactions via telephone or Internet for instance). The technology replaces the static 3-digit security code usually printed on the back of a card, by a mini screen that displays a code, which is automatically refreshed according to an algorithm, typically every hour.

For the cardholder, the solution is fully transparent: no plug-in to install on their web browser, no button to press, the code appears at the same location on the card, the key benefit being the code’s dynamic generation and periodical refresh. The refresh timing is defined by the card issuer, for instance each hour. For issuers, a specific server synchronized with the algorithm and refreshing rules defined in the cards is needed and supported by OT’s offer.

Today, millions of ecommerce transactions are processed by Network International every year. In order to help banks to increase trust in online transactions and reduce online fraud, Network International has added OT MOTION CODE™ solution to its fraud management products portfolio.

“E-Commerce adoption in the UAE is growing rapidly, and we have to offer security and convenience to end-users,” said Bhairav Trivedi, Chief Executive Officer of Network International. “As the first company to market this kind of technology in the world, OT in collaboration with Network International will offer banks with a turnkey solution to help them mitigate online fraud and also to provide their consumers with a reliable, secure and seamless online shopping experience in the Middle East and Africa region.”

“We are delighted to partner with Network International to offer our OT MOTION CODE™ solution in the MEA region. Network International has a major reach in this region and we are convinced this solution could benefit millions of potential end-users. Online fraud is growing rapidly worldwide, and thanks to our revolutionary innovation, we provide this e-commerce fraud fighting solution to financial institutions to secure online transactions,” said Eric Duforest, Managing Director of the Financial Services Institutions business at OT.

OT MOTION CODE™ solution will be showcased on OT’s booth (E20) during Cards &Payments Middle East in Dubai (May 31 – June 1)

ABOUT NETWORK INTERNATIONAL
Established in 1994, Network International LLC is the largest acquirer in the UAE, and a leading payment solutions provider in the Middle East and North Africa region (MENA). The company’s service offering comprises a comprehensive range of payment products and services for both the Issuing and Acquiring segments of banks, financial institutions and retail merchants. This includes credit, debit and prepaid card processing, ATM management and monitoring, merchant acquiring and processing, fraud management, e-commerce services and mobile solutions for the payments industry, with the objective of enabling speedy, secure and convenient payment transactions for customers. In addition, the company offers several value-add products including data analytics, scoring and loyalty solutions. Network International has Operation centers in the UAE, Egypt and India, with its corporate head office in Dubai. The company recently acquired Emerging Markets Payments Holdings Limited (EMPH) and continues to invest in strategic partnerships that will increasingly see its influence spread across the region.

Network International is a Principal Member of Visa International and MasterCard International in the UAE and enjoys extension of its MasterCard License in other key countries. It is also a member of JCB and Union Pay card schemes, and it owns and manages the Diners Club International Franchise in the UAE, Egypt, Lebanon and Jordan. In 2013, the company launched a GCC based domestic scheme, Mercury, and partnered with Discover Financial Services (DFS) to allow global acceptance of Mercury cards on the Discover, Diners Club International and PULSE networks. Network International, a Payment Card Industry Data Security Standard (PCI DSS) certified company, is also a major player in the international remittance industry and owns a 100 per cent stake in TimesofMoney Ltd., a leading global online remittance and digital payments company facilitating cross-border remittances and domestic payments in emerging economies.

ABOUT OBERTHUR TECHNOLOGIES
OT is a world leader in embedded digital security that protects you when you connect, authenticate or pay.

OT is strategically positioned in high growth markets and offers embedded security software solutions for “end-point” devices as well as associated remote management solutions to a huge portfolio of international clients, including banks and financial institutions, mobile operators, authorities and governments, as well as manufacturers of connected objects and equipment.

OT employs over 6 500 employees worldwide, including almost 700 R&D people. With a global footprint of 4 regional secure manufacturing hubs and 39 secure service centers, OT’s international network serves clients in 169 countries. For more information: www.oberthur.com

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All you need to know about the latest trends of the Mobility world, available on AppStore and Google Play
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View source version on businesswire.com: http://www.businesswire.com/news/home/20160531005698/en/

Visa Inc. (NYSE:V), the exclusive payment provider at the Olympic and Paralympic Games, introduced a new innovation for use at the Rio 2016 Games – the first payment wearable ring backed by a Visa account. The Visa payment ring will be given to all Team Visa athletes in Rio, a group of 45 Olympic hopefuls from around the world who embody Visa’s values of acceptance, partnership and innovation. The Visa payment ring is NFC-enabled, allowing Team Visa athletes to make purchases by simply tapping their ring at any NFC-capable payment terminal.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160602006259/en/

This Visa payment ring is the first-ever NFC-enabled, tokenized payment ring. Visa created the ring for its Team Visa athletes competing in the Rio 2016 Olympic and Paralympic Games. (Photo: Business Wire)

Key features of the ring make this a unique payment experience. The ring uses the patented NFC Ring^® design of McLear & Co. that includes a secure microchip made by Gemalto, with an embedded NFC-enabled antenna, enabling contactless payment capabilities. Unlike many other payment wearables, the ring does not require use of a battery or recharging. It is also water resistant to a depth of 50 meters, meaning Team Visa athlete and Olympic gold medalist Missy Franklin can go from the pool to payment all with the tap of her ring.

In addition, at an event in New York City, Visa demonstrated an advanced prototype version of the Visa payment ring, which uses token technology provided through Visa Token Service, making it the first tokenized payment ring. Visa’s token technology replaces sensitive payment information, such as the 16-digit account number, with a unique digital identifier that can be used to process payments without exposing actual account details.

“Visa’s first payment ring puts smart payment technology right on the hands of our athletes for convenient and easy payments,” said Jim McCarthy, executive vice president of innovation and strategic partnerships at Visa Inc. “This ring is the latest example of how Visa is continuously innovating to deliver on its goal of universal acceptance at the games and across the world.”

Athletes and fans will also be able to use their Visa accounts leading up to, and at the Rio Games, using various new form factors. From booking and planning their trip using Visa Checkout or making purchases at the games on their mobile phone, both experiences are first-time offerings for Rio 2016, enabling athletes and fans to swipe, tap, dip or click to pay during their Olympic experience.

“As an Olympian, rings have a special meaning to me,” said Missy Franklin, a four-time Olympic gold medalist and Team Visa athlete. “The Visa ring is a great innovation that I know all the athletes competing in Rio will enjoy as it will be great to go from a competition to purchase without having to carry a wallet or card.”

As the exclusive payment provider of the Olympic Games, Visa is creating and managing the entire payment system infrastructure and network throughout all venues including stadiums, press centers, point-of-sale (POS), the Olympic Village and Olympic Superstores. In Rio, Visa will implement approximately 4,000 NFC-enabled POS terminals capable of accepting mobile and wearable payments across key Olympic venues, the US Olympic Committee’s USA House and Copacabana Megastore.

As the payments industry increasingly shifts from plastic to digital, new technology advances from Visa and its partners are bringing consumers a simple and more secure purchasing experience.

About Visa Inc.: Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa's innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160602006259/en/

OT (Oberthur Technologies), a leading global provider of embedded security software products and services, announced a key partnership with Mobvoi, the leading Artificial Intelligence and smart watch company, and China Union Pay (CUP), the Chinese payment scheme, to launch one of the first Android smart watches allowing secure contactless payment in China secured by OT’s embedded Secure Element.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160603005395/en/

OT partners with Mobvoi and CUP to launch the first secure contactless payment service on Ticwatch in China (Photo: Business Wire)

Mobvoi’s Ticwatch is by far the best selling Android smart watch in China since its launch in September 2015. With the objective to provide a revolutionary payment experience on a smart watch, Mobvoi, in collaboration with CUP and OT has now added the convenience of secure payment with a wave of the wrist. To make a purchase, users will just need to wave their Ticwatch in front of a contactless CUP payment terminal in the near future. By mid 2017, all payment terminals will support contactless payment following China’s central bank regulation.

In order to secure the CUP payment service running on Mobvoi’s smart watches, PEARL by OT® embedded Secure Element was chosen. It is the most advanced multi-application eSE offering the highest level of security and the largest memory on the market. This all-in-one product allows easy deployment of NFC services, such as payment, transit, governmental and automotive applications, as well as online services for enterprise and consumer markets. It is the safest possible place to store confidential information and execute sensitive applications. PEARL by OT® is certified by all major payment schemes for mobile payment, including CUP.

Thanks to PEARL by OT®, paying with a Ticwatch will become incredibly convenient and seamless for end-users. They will simply install a Ticpay onto their mobile phone to activate the service, then simply by scanning an existing payment card, they can add it to Ticpay.

“We believe that contactless payment is the revolutionary payment lifestyle enabled by wearable devices.With this in mind, we are developing the wearable technologies to provide a secure, efficient and seamless payment experience to all our users.We are delighted to collaborate with OT and China Union Pay to bring an innovative payment mechanism on Ticwatch throughout China. Thanks to OT’s technology, we will be able to bring convenience to our customers combined with a high level of security for NFC payment. In addition, whilst the service will be initially available in China, we would like to bring this service to our global audience and continue this collaboration” said ZhiFei Li, founder& CEO at Mobvoi.

“We are delighted that Mobvoi has selected OT to secure sensitive applications in the next generation of Ticwatch smart watches including CUP’s contactless payment service, but also transport applications for major Chinese city transport operators. At OT, we provide embedded security solutions that protect the critical assets of end-users, ensuring the consumer experience offers convenience and maximum ease of use” said Marek Juda, Managing Director of the Connected Device Makers business at OT.

OT will demonstrate this first secure contactless payment service on Ticwatch in China with Mobvoi and CUP during Mobile World Congress at Shanghai on its booth N2.A10 from June 29 to July 1, 2016.

ABOUT OBERTHUR TECHNOLOGIES

OT is a world leader in embedded digital security that protects you when you connect, authenticate or pay.

OT is strategically positioned in high growth markets and offers embedded security software solutions for “end-point” devices as well as associated remote management solutions to a huge portfolio of international clients, including banks and financial institutions, mobile operators, authorities and governments, as well as manufacturers of connected objects and equipment.

OT employs over 6 500 employees worldwide, including almost 700 R&D people. With a global footprint of 4 regional secure manufacturing hubs and 39 secure service centers, OT’s international network serves clients in 169 countries. For more information: www.oberthur.com

Download The M World,
All you need to know about the latest trends of the Mobility world, available on AppStore and Google Play
www.oberthur.com/themworld

FOLLOW US

Twitter
LinkedIn

View source version on businesswire.com: http://www.businesswire.com/news/home/20160603005395/en/

Visa Inc. (NYSE:V) announced the addition of Yusra Mardini to Team Visa Rio 2016. A competitive swimmer who grew up in Syria, Mardini’s journey to the Olympic Games took a turn one year ago when she fled to Greece with 20 others on a small inflatable dinghy. A few miles from the Grecian shore, the boat’s engine failed and Mardini and her sister, two of only three swimmers onboard, swam for three hours, pulling the boat to safety.

“I am honored to be joining Team Visa’s community of Olympic hopefuls on the road to Rio 2016,” said Yusra Mardini, 18, who now lives and trains in Germany with her family. “Since arriving in Berlin, I have been humbled by the warm welcome I’ve received from the swimming community and everyone associated with the Olympic Games. It means so much to me to have a partner that accepts me, includes me, and provides me with the same opportunities as other athletes competing in Rio.”

Since the program began in 2004, Team Visa has aimed to provide athletes with the tools, resources and support they need to reach their highest potential, regardless of origin or background. Olympic hopefuls representing Team Visa at Rio 2016 are selected based on their personal journeys to the Olympic and Paralympic Games, athletic achievements and community involvement. The Team Visa program connects Olympians, and those who follow the Olympic Games, to Visa’s values of acceptance, partnership and innovation.

“Our belief in the power of acceptance truly comes to life every two years through our Olympic partnership and the competitors that represent us at the Olympic Games,” said Chris Curtin, chief brand and innovation marketing officer, Visa Inc. “Team Visa embodies our belief that everyone, regardless of background, should be given the ability to reach their highest potential. We’re thrilled to welcome Yusra and to invite additional refugee Olympic athletes to join Team Visa’s incredible community.”

“I’m am so inspired by Yusra’s story, and thrilled to welcome her to Team Visa,” said Ashton Eaton, reigning Olympic decathlon champion. “The Olympics is all about bringing people together, and I’m so proud to stand with Yusra and the other Team Visa athletes in a powerful display of what acceptance can really look like on the world stage.”

Visa stands with the International Olympic Committee in supporting refugee athletes who seek to compete at the Rio 2016 Olympic Games. Mardini is the second refugee athlete to partner with Visa to date, following Raheleh Asemani (Belgium, Taekwondo), who joined Team Visa in April, and who is now a citizen of Belgium. Visa will extend its Team Visa support to additional refugee Olympic athletes in the weeks to come.

A diverse group of athletes welcomes Mardini to Team Visa, including: Ibtihaj Muhammad (USA, Fencing), the first Muslim American woman to compete at the Olympics in a hijab; Terezinha Guilhermina, (Brazil, Paralympic Athletics), the world’s fastest blind woman; Chen Long (China, Badminton) and Olga Kharlan (Ukraine, Fencing), both Olympic Bronze medalists and two-time World Champions in their respective sports.

Visa’s commitment to the Olympic Movement began in 1986, and includes sponsorship of all Olympic Games from 1988 – 2020, along with more than 300 sponsored athletes through the Team Visa program.

About Visa:

Visa Inc. (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 56,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160603005456/en/

Umpqua Holdings Corporation announced a new collaboration project between its subsidiary, Pivotus Ventures, and the UK’s Nationwide Building Society. The arrangement with Nationwide, the world’s largest building society with more than $290 billion in assets, adds international scope, resources and customer insight to the Pivotus innovation studio in Silicon Valley.

The collaboration is an important next step in Umpqua’s broader strategy in forming Pivotus, which is focused on leading the way in innovation by bringing together some of the best thinking in the world to develop new digital banking propositions that transform the customer experience.

Both Umpqua and Nationwide approach innovation through a shared focus on customer experience. As a mutual, Nationwide is owned by and run for the benefit of its 15 million customers and members. Umpqua Bank, the West coast’s largest community bank, has embedded corporate responsibility and customer experience within its culture to ensure that those values are reflected at every stage of the organization’s business decisions.

“Like Umpqua, Nationwide Building Society is focused on creating a differentiated customer experience and recognizes the increasingly important role technology plays in bringing that to life,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “Through strategic collaborations like this, Pivotus is able to tap the agility and customer experience of companies like Umpqua Bank and Nationwide to create a banking experience for the future that builds value for customers and communities. We’re very pleased to begin working with Nationwide and look forward to the potential for additional collaborators in the future.”

Umpqua Bank is known internationally for reinventing retail banking and for its innovative customer experience. In 1995, Umpqua introduced its bank store model, the first piece in its strategy to create a customer-centric financial services organization. In addition to a full suite of mobile and digital customer tools, Umpqua has continued to reinvent the customer banking experience with innovations including:

• App Walls: These large-format interactive touchscreens in Umpqua locations feature bank products and services as well as a collection of in-house and curated mobile apps.
• The President’s Phone: To provide customers with a direct connection to leadership all Umpqua stores include a phone that connects directly to the CEO’s desk.
• Loca l Spotlight: Umpqua makes its commitment to small businesses real by showcasing and selling products from local companies, and returning all proceeds directly to those businesses.

“We’re living through a period of unprecedented technological change that’s transforming how people live, work, shop and bank,” said Tony Prestedge, COO of Nationwide Building Society. “As a member owned organization, Nationwide is excited to work with Umpqua and Pivotus to create new digital experiences that will engage and inspire customers well into the future. Our focus on innovation is driven by evolving customer needs and the emphasis on providing customer choice, so customers can manage their money where, when and how they want. Digital developments provide the opportunity for Nationwide to offer even greater access and convenience to customers as we focus on the next generation of online and mobile services to complement traditional face to face interactions.”

This collaboration project is the latest in a history of world class, customer-centric innovations from Nationwide. In 2014, Nationwide became the first high street provider in the UK to offer 24/7 customer service on social media with its @asknationwide Twitter Team, became the first financial services provider in the UK to offer a wearable banking app which was rolled out to Apple Watch during the Summer of 2015 and in 1997 was the first to offer an Internet bank in the UK.

About Umpqua Holdings Corporation

Umpqua Holdings Corporation (NASDAQ: UMPQ) is the parent company of Umpqua Bank, an Oregon-based community bank recognized for its entrepreneurial approach, innovative use of technology, and distinctive banking solutions. Umpqua Bank has locations across Idaho, Washington, Oregon, California and Northern Nevada. Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua Investments, Inc., which has locations in Umpqua Bank stores and in dedicated offices in Oregon. Umpqua Private Bank serves high net worth individuals and non-profits, providing trust and investment services. Umpqua Holdings Corporation is headquartered in Portland, Oregon. For more information, visit www.umpquaholdingscorp.com.

About Nationwide Building Society

Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers.

Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 17,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK. For more information, visit www.nationwide.co.uk

About Pivotus Ventures

Pivotus Ventures, a subsidiary of Umpqua Holdings Corporation, is an innovation studio chartered with imagining and creating key technologies and business models that transform finance and commerce. Pivotus was founded with a goal of combining the power of the start-up model with the direct access to capital, customers and infrastructure available only within established financial services institutions.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160608005396/en/

Globally, only one-fifth of boards and 16 percent of executive committees in financial services are comprised of women, according to the Women in Financial Services report by global management consultancy Oliver Wyman. This is only a slight improvement in both categories since the report was last published in 2014.

Oliver Wyman notes that at current progress, it will take more than 30 years (until 2048) for executive committees in the financial services industry globally to reach 30 percent female representation (the level at which research suggests a minority’s voice comes to be heard). Currently, women have the highest representation on executive committees in Norway and Sweden, with Japan and South Korea needing the greatest improvement.

The report includes an analysis of 381 financial services organizations in 32 countries, a survey of 850 financial services professionals around the world and interviews of more than 100 senior female and male leaders.

“The industry is far from where it should be on gender balance. We hope that this second report will advance the discussion further – delving deeper into it, raising awareness and supporting much needed change in the industry,” said Ted Moynihan, Managing Partner of Financial Services at Oliver Wyman. “The low representation of women on executive committees in particular is a problem. An organization’s key business and strategic decisions are made by its executive committee and they are also highly visible, both internally and externally, making them effective as role models and sponsors – and essential for driving business success.”

Of additional concern, female executives in financial services are nearly 30 percent more likely to leave their employer than are their peers in other industries. The data and responses suggest that many women face a mid-career conflict and a less attractive ‘career trade-off’ than men – with insufficient flexible working hours and support for family responsibilities, persistent views of shortcomings regarding promotion and equal pay, and unconscious bias.

“Diversity must be seen as a commercial imperative rather than just as part of corporate social responsibility or fairness in the workplace,” said Astrid Jaekel, Oliver Wyman Partner and report author. “Gender balance provides access to the full talent pool, better decision making by bringing together different perspectives, improved services to customers by better representing them, and a stronger economy. Organisations need to advance women by offering bolder structural solutions to the mid-career conflict outlined in this report, creating the right working arrangements and fostering more profound cultural change.”

The report also includes a series of shorter articles on:

• Areas of particular concern (Germany and Switzerland, asset management and risk functions).
• Success stories with more women in leadership positions (the public sector).
• Areas where a new dynamic may be emerging (China’s Fintech sector and millennial women in the US).
• Specific aspects of diversity (pay equity, leadership styles).
• How the industry can move forward (a call for action by 30% Club).
• Financial inclusion of women (based on a roundtable discussion conducted in collaboration with Women’s World Banking).

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in 50+ cities across 26 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm's 3,700 professionals help clients optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.

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MSCI Inc. (NYSE: MSCI), a leading provider of global equity indexes, announced that it will delay including China A shares in the MSCI Emerging Markets Index. Over recent months, Chinese authorities have introduced significant improvements in the accessibility of the China A shares market for global investors. These improvements touch the major categories previously cited as impediments to inclusion: (1) resolution of the issues regarding beneficial ownership, (2) enhanced regulations on trading suspension, which was flagged as the most critical by investors, and (3) QFII policy changes aimed at addressing quota allocation and capital mobility restrictions.

“There have been significant steps toward the eventual inclusion of China A shares in the MSCI Emerging Markets Index,” said Remy Briand, MSCI Managing Director and Global Head of Research. “They demonstrate a clear commitment by the Chinese authorities to bring the accessibility of the China A shares market closer to international standards. We look forward to the continuation of policy momentum in addressing the remaining accessibility issues.”

Mr. Briand added, “International institutional investors clearly indicated that they would like to see further improvements in the accessibility of the China A shares market before its inclusion in the MSCI Emerging Markets Index. In keeping with its standard practice, MSCI will monitor the implementation of the recently announced policy changes and will seek feedback from market participants.”

MSCI gathered feedback from market participants on the potential inclusion of China A shares in the MSCI Emerging Market Index during an extensive global consultation. Investors recognized the actions taken to further open the China A shares market and highlighted that the topic of beneficial ownership has been satisfactorily resolved. They generally stressed the need for a period of observation to assess the effectiveness of the QFII quota allocation and capital mobility policy changes as well as the effectiveness of the new trading suspension policies. The 20% monthly repatriation limit remains a significant hurdle for investors that may be faced with redemptions such as mutual funds and must be satisfactorily addressed. Finally, the local exchanges’ pre-approval restrictions on launching financial products remain unaddressed. Hence, MSCI will retain the China A shares inclusion proposal as part of the 2017 Market Classification Review. MSCI does not rule out a potential off-cycle announcement should further significant positive developments occur ahead of June 2017.

In the announcement, MSCI also said that the MSCI Pakistan Index will be reclassified to Emerging Markets status, coinciding with the May 2017 Semi-Annual Index Review.

The MSCI Peru Index will remain in the MSCI Emerging Markets Index. However, MSCI highlighted that it will proceed with the reclassification of Peru to Frontier Markets status in the event that the MSCI Peru Index falls short of the minimum requirement for Emerging Markets that the index contains at least three constituents. As a reminder, the MSCI Peru Index currently includes the minimum of three constituents.

MSCI also announced that it will include the MSCI Argentina Index in its 2017 Annual Market Classification Review for a potential reclassification to Emerging Markets status.

The MSCI Korea Index, however, will not be included on the list for a potential reclassification to Developed Markets status as part of the 2017 Review because the recent changes announced by the Financial Services Commission in South Korea will not take effect until 2017 and the investment frictions related to the lack of convertibility of the Korean Won and restrictions imposed by the local stock exchange on the use of exchange data for the creation of financial products remain unaddressed.

MSCI further announced that the MSCI Nigeria Index may be removed from the MSCI Frontier Markets Index and reclassified as a stand-alone market due to capital mobility issues. MSCI said it will consult with international institutional investors over the coming three months on a reclassification proposal that could be implemented with the November 2016 Semi-Annual Index Review.

MSCI said that it welcomes the recent market accessibility enhancements announced by the Saudi Arabian Capital Market Authority and the Saudi Stock Exchange (Tadawul) and will continue to monitor the positive evolution in the opening of the Saudi Arabian equity market for international institutional investors. The announced changes, including changes to the settlement cycle of listed securities, elimination of the cash prefunding requirement and the introduction of proper delivery versus payment – as well as changes to the rules for Qualified Foreign Investors – are planned to be implemented by mid-2017. Once in effect, these enhancements will bring the Saudi equity market closer to Emerging Market accessibility standards.

Finally, MSCI released the 2016 Global Market Accessibility Review for the 82 markets under its coverage.

Each June, MSCI communicates its conclusions, based on discussions with the international investment community, on a list of markets under review. At that time, it also announces new markets to be reviewed for potential market reclassification in the upcoming cycle.

China A shares

MSCI continues to observe positive market-opening developments in the Chinese equity capital market. In particular, it sees the recently-announced enhanced trading suspension regulation, the clarification regarding beneficial ownership and QFII policy changes addressing restrictions on quota allocations and capital mobility as significant steps toward the eventual inclusion of China A shares in the MSCI Emerging Markets Index.

MSCI previously highlighted four issues to be resolved before the inclusion of China A shares in the MSCI Emerging Markets Index as part of the MSCI 2016 Annual Market Classification Review:

Argentina

MSCI is adding the MSCI Argentina Index to the review list for a potential reclassification to Emerging Markets status as part of the 2017 Annual Market Classification Review.

In December 2015, the Argentinian Central Bank abolished foreign exchange restrictions and significantly relaxed the capital controls that have been in place for a number of years. These changes have resulted in, among other things: (1) a floating currency, (2) the elimination of cash reserves and monthly repatriation limits on the equity market and (3) a significant reduction in the capital lock-up period for investments. Consequently, the Argentinian equity market meets most of the accessibility criteria for Emerging Markets.

Nigeria

MSCI announced that it is launching a consultation on a potential reclassification of the MSCI Nigeria Index to stand-alone market status.

The Central Bank of Nigeria pegged the local currency to the US dollar in early 2015, resulting in a sharp decline in liquidity on the foreign exchange market. Hence, the ability of international institutional investors to repatriate capital has been significantly impaired to a point where the investability of the Nigerian equity market is being questioned.

Due to the urgent nature of this investability issue in the MSCI Nigeria Index, MSCI will announce its decision on the proposal to remove the MSCI Nigeria Index from the MSCI Frontier Markets Index by the end of September 2016. The potential implementation of this proposal would coincide with the November 2016 Semi-Annual Index Review.

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About MSCI

For more than 40 years, MSCI’s research-based indexes and analytics have helped the world’s leading investors build and manage better portfolios. Clients rely on our offerings for deeper insights into the drivers of performance and risk in their portfolios, broad asset class coverage and innovative research. Our line of products and services includes indexes, analytical models, data, real estate benchmarks and ESG research.

MSCI serves 97 of the top 100 largest money managers, according to the most recent P&I ranking. For more information, visit us at www.msci.com.

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QNB Group, a leading financial institution in the Middle East and Africa, announced, that it has completed the acquisition of 99.81% stake in Finansbank A.Ş. in Turkey.

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QNB Group HQ Building in Doha (Photo: ME NewsWire)

This transaction is a significant milestone in QNB Group’s strategy of international expansion. With the addition of Turkey as a new market and one of the leading Turkish banks to its network, QNB Group further extends its international presence and will be able to increasingly benefit from the rapid development of trade and the strengthening of economic ties between Turkey and the Middle East in general, as well as between Qatar and Turkey in particular. This also reflects QNB Group’s confidence in the long-term prospects of the financial sector and economy of Turkey.

Finansbank is the 5^th largest privately owned universal bank in Turkey by total assets, customer deposits and loans. The bank has organically grown into a leading financial institution with a proven and experienced management team. With a nationwide distribution network of over 620 branches and more than 12 thousand employees, it has more than 5.3 million active customers. As of 31 March 2016, Finansbank has US$32.0 billion of assets, US$21.8 billion in loans and US$17.3 billion in deposits and total equity amounted to US$3.8 billion as per International Financial Reporting Standards.

QNB Group’s Chief Executive Officer Ali Ahmed Al-Kuwari stated:

“This transaction is a breakthrough in QNB’s vision to becoming a Middle Eastern and African Icon by 2017. Our strategy is to focus on high-growth markets where we see a competitive advantage. Turkey, with its significant market size, population, growth track record, strong economic and banking sector and strategic location as a gateway between Europe, Asia and Africa, represents such a market. We are very excited to be part of Turkey’s and Finansbank’s future development and further enhancing the overall connectivity with international markets and bring Finansbank to the next level as part of the QNB Group.”

QNB Group currently owns 99.81% of Finansbank and will launch a Mandatory Tender Offer (MTO) in Turkey for the remaining 0.19%.

Also commenting on the acquisition, Ömer Aras, the Chairman and Group CEO of Finansbank said:

“The acquisition signifies a thrilling milestone for Finansbank. We are extremely excited to enter into a new era and be part of the QNB Group, and this deal represents a perfect proof of Finansbank’s excellence and globally acknowledged standards. We believe that this acquisition will allow us to take Finansbank to a new level and offer exceptional services for our customers and stakeholders through the large international QNB network which we are now part of.”

QNB Group has steadily grown to be the biggest bank in Qatar and a leading financial institution in the Middle East and Africa region. It is considered the most valuable banking brand in the Middle East and Africa and is the highest rated bank among the international banks operating in Turkey.

The Group’s presence with the recent inclusion of Finansbank now spans more than 30 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 27,300 operating through more than 1,200 locations, with an ATM network of more than 4,300 machines.

For more information about QNB Group, please visit: http://www.qnb.com.

Finansbank A.Ş – Turkey

Finansbank, established in Turkey in 1987, is a subsidiary of QNB, and is one of the 5^th largest private banks operating in the country. Finansbank serves more than 5.3 million customers through more than 12,000 banking professionals. Finansbank operates through a large corporate and retail platform complemented by ancillary services including investment banking, brokerage, leasing, factoring and asset management. Finansbank has over 620 branches, covering 71 out of 81 cities of Turkey.

*Source: ME NewsWire

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