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Ocado launches AI-based fraud detection system for online orders powered by Google Cloud
Today Ocado Technology (the technology division of Ocado, the world's largest online only supermarket) is revealing the world's first AI-based fraud detection system for online grocery purchases. The new system relies on an advanced machine learning algorithm developed by Ocado Technology using TensorFlow and the power of Google Cloud. 
 
Wednesday, March 7, 2018 - 12:10
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Financial IT
Using Google Cloud and machine learning to improve fraud detection

As the world’s largest online only supermarket, our systems handle millions of events every minute as our customers navigate our website and apps, add items to their trolleys, choose delivery slots, and check out their orders.

These interactions result in petabytes of data collecting in our data lake stored in Google Cloud. One challenge facing any retailer operating online is isolating and recognizing the rare incidents classified as fraud in a smart and efficient way.

Wednesday, March 7, 2018 - 12:09
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/blog/cloud/using-google-cloud-and-machine-learning-improve-fraud-detection
Financial IT
VST Enterprises founder named Science and Tech Ambassador to Zimbabwe Government

Hon. Louis-James Davis, founder and CEO of Manchester-based consumer technology and security company, VST Enterprises, has been named as the new Science and Technology Ambassador to the Zimbabwean Government.

Wednesday, March 7, 2018 - 12:05
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Financial IT
BNP Paribas Personal Finance streamlines customer communications with OpenText

OpenText™ (NASDAQ: OTEX, TSX: OTEX), the global leader in Enterprise Information Management (EIM), today announced that BNP Paribas Personal Finance, a subsidiary of the BNP Paribas Group specialising in consumer credit and mortgage lending, is using OpenText Exstream to assist in streamlining all of its communications flows exchanged with its customers.

Wednesday, March 7, 2018 - 12:02
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Financial IT
Continuous Authentication
Today, technology is developing faster than at any time in history, and the way customers interact with banks and financial institutions is rapidly changing. Data from a report by the the US Federal Reserve
shows that adoption of mobile banking has increased by 52% YoY, and the trend is likely to accelerate further in the next few years.
 
Customers are demanding the same services from mobile applications as they do from online and retail banking. However, most banking applications are still relying on authentication methods that are
Wednesday, March 7, 2018 - 11:52
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SME Development Bank Malaysia Berhad Chooses Wolters Kluwer’s OneSumX for IFRS 9

SME Development Bank Malaysia Berhad (SME Bank), the country’s development financial institution, has chosen Wolters Kluwer’s OneSumX to provide its software for managing International Financial Reporting Standard (IFRS) 9. The accounting standard replaces the IAS 39 standard and came into effect at the start of the year. It addresses classification and measurement, impairment methodology and hedge accounting.

Wednesday, March 7, 2018 - 11:48
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/news/risk-management/sme-development-bank-malaysia-berhad-chooses-wolters-kluwers-onesumx-ifrs-9
Financial IT
500+ Claims Executives Join the Innovation Revolution in Chicago at the Connected Claims USA Summit

More than 500 attendees are scheduled to meet in Chicago for the Connected Claims USA Summit, run by Insurance Nexus on May 21st & 22nd at the Sheraton Grand.

The only conference dedicated to claims technology and innovation, keynote speakers include Ken Rosen, EVP and Chief Claims Officer, Allstate; Keith Daly, EVP and Chief Claims Officer, Farmers Insurance and BJ Treese, Managing Director for Emerging Property Products, Travelers.

Wednesday, March 7, 2018 - 11:46
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Financial IT
NeoXam to support UOB’s FRTB and BCBS239 market data requirements

Today, NeoXam, a leading financial technology company, announces that it has been selected by United Overseas Bank (UOB) in Singapore to support its group wide market data management efforts in line with incoming regulations, such as FRTB (Fundamental Review of the Trading Book) and BCBS239 (Risk Data Aggregation and Reporting).

Wednesday, March 7, 2018 - 11:41
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/news/data-management/neoxam-support-uobs-frtb-and-bcbs239-market-data-requirements
Financial IT
Infosys opens Indianapolis technology and innovation hub

 Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today inaugurated its flagship technology and innovation hub in Indianapolis. In addition, the company announced that it has hired more than 2,500 American workers over the past year as part of its ongoing commitment to accelerate innovation for American enterprises.

Wednesday, March 7, 2018 - 11:36
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/news/it-innovations/infosys-opens-indianapolis-technology-and-innovation-hub
Financial IT
Callsign wins competitive London heats of NTT DATA Open Innovation Contest 2018

Callsign has beaten 10 other start-ups to win the London stage of NTT DATA’s 2018 Global Open Innovation Contest, and its team will now fly to Tokyo, Japan to compete against entrepreneurs from around the world in the competition’s Grand Finale. Contestants will be competing for the chance to win a three-month in-kind contribution to support the development of their proposed new business, and an opportunity to break into the highly innovative Japanese market.

Wednesday, March 7, 2018 - 11:33
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/news/fintech-startups/callsign-wins-competitive-london-heats-ntt-data-open-innovation-contest-2018
Financial IT

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