Bloomberg today announced its Market-Implied Probability of Default (MIPD) product, a fully market-driven creditworthiness indicator, is now available to both Enterprise Data and Bloomberg Terminal clients globally. MIPD enables clients to easily incorporate creditworthiness metrics within their existing workflows for a more holistic approach to credit risk management. 

Payment orchestration platform Corefy has today announced the opening of the first Regional Office in the Asia-Pacific region with the aim to expand the company's global coverage.  

A new whitepaper released by Trulioo, the leading global identity verification company, explores the implications of the Sixth Anti-Money Laundering Directive (6AMLD) and the European Union’s bid to tackle rampant financial crime.

EasySend, a no-code platform for building and optimizing digital customer journeys, announced a partnership with PSCU, the United States’ premier payments credit union service organization (CUSO). The partnership will integrate EasySend’s platform into PSCU’s back-end systems, helping to export and import data.

Smaregi, serving more than 98 thousand stores in Japan, has integrated the OCR module by Smart Engines into its mobile applications. Automatic extraction of passport data allows streamlining VAT-refund procedures in tax free shops for foreign citizens in Japan.

Face-to-face negotiation and human chemistry still play an important role during fundraising rounds. However, that is changing as data becomes the defining factor in negotiations. The past year and a half, in particular, has shone a spotlight on the value of data in how a business’ potential is assessed. This puts the onus on CFOs to consider how they use data analytics when making a case for funding. 

Eventus Systems, Inc., a leading global provider of multi-asset class trade surveillance and market risk solutions, today won the award for Trade Surveillance Product of the Year in the 2021 Risk Technology Awards. The firm won the comparable honor in 2019, also for its Validus platform that now provides not only trade surveillance and risk monitoring but also anti-money laundering and transaction monitoring.

The global fintech sector is expected to be worth more than $324 billion by 2026, growing significantly each year. In terms of geography, APAC and the Americas are those that are flourishing the most, closely followed by Europe. The former share some 40% of the market between them.

Fintech is present in almost every industry, but which is it disrupting the most?

Bybit, one of the top five major cryptocurrency exchanges, partners with leading identity verification solution provider Sumsub to eliminate possible safety threats for millions of users. The companies will achieve this through enhanced KYC/AML routines and secure identity checks that take no longer than 5 minutes, even in the most complex cases.