For those organisations that still see Artificial Intelligence (AI) as an emerging technology that they probably don’t have to start thinking about yet, customer contact technology specialist Sabio has a wake-up call: AI is here already and busy powering many of the best practice customer journeys. 

 Remitly, the largest independent digital remittance company in the United States, has announced its expansion into the United Kingdom, its third send country after the United States and Canada.

Regulatory sandboxes are gaining popularity as a framework for promoting financial innovation by creating a “safe space” for testing new business ideas within an existing regulatory regime. New entrants to heavily regulated industries typically lack certainty about whether their new ideas or business models fully comply with existing regulations. New entrants consequently tend to incur more costs and take longer to succeed in tightly regulated industries than in lightly regulated ones.

Today the European Banking Authority revealed a Report on the Peer Review carried out on its ITS on supervisory reporting aimed at assessing how supervisory authorities have ensured its consistent and comprehensive implementation. 

  Today Kofax, a leading provider of software to simplify and transform the First Mile of business, announced the company was named a “Leader” in The Forrester Wave: Enterprise Content Management -- Transactional Content Services, Q2 2017 report.

Greater Boston’s public transportation agency, the Massachusetts Bay Transportation Authority (“MBTA”), is automating its treasury management function using Reval, the leading Software as a Service (SaaS) solution for treasury and risk management.

Atom bank is offering customers the chance to lock into a 5 year fixed rate mortgage at the same rates as their current 2 year products. This revolutionary move of aligning rates across short and longer term fixed rate mortgages will enable customers to fix one of their most significant monthly outgoings at a lower rate for longer.

Details of the new products are:

Rate decreases across all 5 year LTV (loan to value) bands to match our 2 year rates:

Tieto and Swedish digital security company Verisec have entered into an agreement to collaborate on e-identification for the public sector. Under the deal, Tieto will facilitate the integration of a new e-identification solution from Verisec and the different systems and services that are used by Swedish authorities, municipalities and county councils. The aim is to create a mobile, secure and user-friendly e-identification which makes day-to-day life easier for both citizens and public service employees.

A London-based start-up claims it is the first shariah-compliant fintech to be given regulatory approval in the UK. Yielders, an equity-based crowdfunding platform for UK property investment, was given the green light by the Financial Conduct Authority (FCA) in early April.