Today, FICO, a global analytics software firm, released its State of Responsible AI from market intelligence firm Corinium which found that despite the increased demand and use of AI tools, almost two-thirds (65%) of respondents’ companies can’t explain how specific AI model decisions or predictions are made.  The study found that the lack of awareness of how AI is being used and whether it’s being used responsibly is concerning as 39% of board members and 33% of executive teams have an incomplete understanding of AI ethics.

Today FactSet and Alveo announce a joint effort to address ESG data integration requirements for their respective clients. This collaboration includes Alveo making FactSet’s ESG data sets available in its data management platform. Alveo’s data mastering and analytics solutions will also be included in the Open: FactSet Marketplace.

AccessFintech, the leading fintech company evolving the financial operating model through data and workflow collaboration, announces the appointment of Chris Bujakowski as Chief Financial Officer.

Leading retail finance platform Deko, has announced a partnership with Zip, the global Buy Now, Pay Later (BNPL) pioneer, which has been added to Deko’s multi-lender platform. The partnership allows customers to pay over four interest-free instalments, supporting merchants seeking to expand their turnover as the UK’s economic recovery accelerates.

ACI Worldwide, a leading global provider of real-time digital payment software and solutions, today announced a collaboration with J.P. Morgan, a global leader across banking, markets and securities services, that will enable merchants in certain European countries to deliver in-store payment acceptance capabilities to their customers.
 

Temenos, the banking software company, today announced that Saven Financial, a division of FirstOntario Credit Union, has gone live with Temenos Infinity and Temenos Transact. The digital-only greenfield credit union offers high interest savings accounts and guaranteed investment certificates (GICs) with highly competitive rates, leveraging Temenos technology to deliver a fast, seamless digital experience.

James Dalton has joined financial markets data science firm, FairXchange as Strategic Advisor to assist with the firm’s strategy, product development and the growth of its global client base of banks, hedge funds and FX brokers.

Workiva Inc. today released findings from a survey that reveals approximately 70% of individual investors believe organizations have a responsibility to demonstrate ESG performance to investors, with Gen Z and younger Millennial-aged investors (18-34 year-olds) the most demanding around ESG credentials.  

The survey revealed transparency around ESG disclosures is becoming integral to investor decisions, and companies will undoubtedly experience increased pressure from investors to be able to report on their progress. 

Amid rising use of blockchain in finance and cryptocurrencies emerging as Digital Gold for millennial investors across Asian markets, the alternative investment class will take centre stage at Virtual FinTech Forum on May 27 when Ethereum Creator, Vitalik Buterin delivers a keynote address on The Progress of Ethereum and its role in Future of Finance.