Sberbank announces its entrance on the POS lending market with a new product, Purchase on Credit. 

It is difficult to believe that such an outdated and unsecure system is still being used by the NHS when we consider the confidentiality of the information contained within patient records. According to the BBC, as many as 9,000 fax machines were still in use as of July 2018, which should set alarm bells ringing about the scale of this issue.

IronX is happy to welcome on its Advisory Board Dr Paolo Tasca, Executive Director of the Centre for Blockchain Technologies, and Tal Cohen, ex-CEO of Sirin Labs, which raised $157.8 million via its ICO. Both appointments coincide with IronX's recent IRX token sale extension, which is now running until January 15, 2019.

Bahrain Credit, a leading financial company in Bahrain and part of Bahrain Commercial Facilities Company has entered into a multi-year contract with Clayfin and Computer World to transform their retail digital banking business.

The Accounting and Auditing Organization for Islamic Financial Institutions (“AAOIFI”) and Path Solutions signed an agreement for the renewal of certification for Path Solutions’ iMAL Islamic core banking platform to comply with AAOIFI’s relevant standards. 

The insurance industry is undergoing massive change as traditional providers race to digitally transform. This is due to the enormous pressure that insurers are facing on all fronts. On one side, consumer expectations have soared to new heights as customers demand seamless experiences across channels and new ways of interacting with their insurance providers. The advent of connected devices such as home-automation systems and in-car telematics is creating whole new insurance models.

The Turing test famously proposes that if a personcannot reliably distinguish between a machine and a human communicating with them in text, the computer can be said to be genuinely intelligent. The first software programme passed the test in 2014, doing a passable impression of a 13-year-old Ukrainian boy. 

Turnkey open banking platform provider, Token.io Limited, has been chosen by UK financial institution thinkmoney to deliver PSD2 compliance and open banking capabilities before the first Regulatory Technical Standards (RTS) deadline in March.