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Kroll Launches Detection and Response Maturity Model and Finds 91% of Businesses Overestimate Their Cyber Maturity, Increasing Their Vulnerability to Cyberattacks

Kroll, the leading independent provider of global risk and financial advisory solutions, has released The State of Cyber Defense Report 2023: Detection and Response Maturity Model, which discovered that 91% of cybersecurity professionals believe that their cyber detection and response processes are “very mature” or “somewhat mature,” yet, in fact, only 4% have mat

Monday, October 2, 2023 - 14:48
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Financial IT
Resistant AI Partners with Instabase to Offer Customers Document Fraud Detection

Resistant AI, the AI- and machine learning-powered financial crime prevention specialists, today announced that it has partnered with unstructured data automation platform Instabase.

Monday, October 2, 2023 - 14:24
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Financial IT
Medius Launches Fraud & Risk Detection to Catch Fraud Before It's too Late

Medius, a leading provider of AP Automation and wider Spend Management solutions, today announces a new Fraud & Risk Detection product to help businesses proactively prevent fraud, and gain greater visibility and more control across the invoice to pay lifecycle. The new solution extends existing risk and compliance controls within the Medius Suite.

Monday, October 2, 2023 - 14:16
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Financial IT
Digital Pound Plans Backed by Innovate Finance and FinTech Industry

Innovate Finance and leading FinTech industry players have given support to the digital pound, claiming it will boost innovation and cement the UK as a global payments leader.

The Bank of England and HM Treasury have both claimed that there is ‘likely to be a future need for’ a digital pound or Central Bank Digital Currency (CBDC) as the UK battles for financial stability.

Monday, October 2, 2023 - 12:39
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Financial IT
Baton Systems Launches Automated Settlement Orchestration Platform

Baton Systems, the global fintech digitally transforming post-trade processing through distributed ledger technology (DLT), has launched a game-changing digital solution providing firms with automated, comprehensive, and real-time control of their cash settlements. 

Monday, October 2, 2023 - 11:31
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Financial IT
Apron Raises £12M Million to Expand Business Payments Platform

Apron, the intuitive fintech platform that slashes the time small businesses spend processing invoices, has raised $15 million in Series A funding led by Index Ventures. The funding is a sign of the growing appetite for consumer-grade experiences in B2B software and of the commercial potential in addressing the under-served small and medium business (SMB) community.

Monday, October 2, 2023 - 10:51
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Financial IT
Muinmos and TConsult Ink Deal over Digital Investor Tax Self-declarations

Muinmos and TConsult have signed an agreement to integrate TConsult’s Investor Self-Declaration platform (ISD) into Muinmos’ Client Onboarding Platform, enabling Muinmos’ clients, typically financial institutions, to automatically obtain ISDs instead of using multiple paper tax certification forms to document the tax status of their clients.

Monday, October 2, 2023 - 10:48
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Financial IT
UBS Goes Live on Broadridge’s New Distributed Ledger Sponsored Repo Solution

Global Fintech leader Broadridge Financial Solutions, Inc., today announced that UBS successfully went live on Broadridge’s newly launched sponsored repo solution built on the DLT-enabled Distributed Ledger Repo (DLR) platform. This sponsored repo solution marks the launch of the next phase in the rollout of Broadridge’s DLR platform.

Monday, October 2, 2023 - 10:37
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Financial IT
The Pioneering Companies Challenging Crypto’s Negative ESG Image
Let’s face it, the crypto industry’s image in terms of Environmental, Social, and Governance (ESG) has not been very positive – with concerns over high electricity usage and an unseemly yet ultimately unfair association with financial crime – but the industry has been making major moves to rectify all of this, and with some success.
 
Monday, October 2, 2023 - 10:34
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Financial IT
Artificial Intelligence and Banking: How is AI Reshaping the Industry?

Much has been made of the capabilities and limitless potential of artificial intelligence (AI) throughout 2023. From threatening our jobs to powerful new solutions – AI is reshaping every sector. 

Monday, October 2, 2023 - 10:31
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Financial IT

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