Baymarkets Technology Appoints Four to Recently Launched Clarity Team

Baymarkets Technology AB (Baymarkets), a Nordic provider of Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and regtech solutions for the financial services industry, has multiple appointments focusing on its recently launched solution, Clarity.

As such, Enno Runne will be promoted to Lead Developer for the Clarity platform while Håvard Skaret and Martin Grotle Soukup will join the group as Senior Software Engineers - Lily Xu also lands at Baymarkets as a Software Engineer.

Mr. Runne originally joined Baymarkets last year, having since focused on its Scala development. His work with developing solutions for financial markets has earned him a new senior role on its Clarity team. The Clarity solution is geared towards institutional players such as banks, exchanges, clearing houses, and trading venues. Moreover, the solution also helps shore up pre- and post-trade Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term across all of the trade lifecycle.

According to Peter Fredriksson, CEO of Baymarkets Technology AB, in a statement on the appointment: "I am delighted to be growing our company with such talented professionals. Our clients are expanding their use of our technology with an increased interest in modern RegTech and FinTech solutions.”

“With these new hires, we gain further technical experience of Scala and Agile development, and leading clearing and post trade development capability,” he added.