Pelican, a leading provider of technology solutions for the financial services sector, today announced that Banif Bank (Malta) plc has selected its Pelican Transaction Banking platform. The solution will provide end-to-end automation of both SWIFT and SEPA payments, including integration with over the counter (OTC) instructions, Banif’s internet banking system and back office.

Sanoma Group aims at being a trusted and responsible operator in the media industry, emphasizing solid information security and data protection practices across all group functions. The group's business is undergoing a major transition, and the goal right now is to build group-wide information security solutions which, unlike traditional solutions, will not slow down the business but instead serve and support it even through the change.

While there are potentially endless opportunities for the technology in financial services, there is currently a gap in understanding how Artificial Intelligence (AI) works.

As part of a series of blogs looking into what it means for the financial services industry, I have already explored the basics of AI. In this blog, I will look at how we can begin to implement the technology – and how different types of ‘knowledge’ encoded into a machine can achieve different outcomes.

Required knowledge

 Kite Consulting Group, providing financial recruitment hires throughout Europe, today announced the launch of Blocktribe, a specialist site designed to list the best blockchain-related jobs around the globe. Blocktribe is a central go-to source of jobs in this area, and the first of its kind for blockchain in Europe.

Worldpay, the UK’s leading payment processor, is helping businesses unlock the full power of their payments data with the unveiling of a revolutionary big-data analytics tool, Your Marketplace.

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM) specialist, today announced that Banque Saudi Fransi (BSF), a leading provider of banking products and services headquartered in the Kingdom of Saudi Arabia, has selected its Corona Cash & Liquidity solution.

Pelican, a leading provider of solutions to the financial services sector, today released the findings of its global survey ‘Leveraging artificial intelligence for payments efficiency’, which explores the attitudes of senior payment professionals within banks and corporates towards the use of artificial intelligence (AI) in supporting the payments business and related processes.

The survey of more than 120 payments professionals across 32 countries found that:

China’s largest mobile wallet Alipay has started to expand in the UK. The Body Shop, one of Britain’s best-known and biggest cosmetics and skin care companies, will launch the service in three major London stores, Covent Garden, Oxford Street and Regent Street using the new Scan Alipay App provided by Wirecard. The launch takes place on October 1st, parallel to the start of China’s national Golden Week. This date marks a week-long national holiday during which millions of mainlanders set off on vacation and hit the European shopping streets.

At Sibos 2016, Misys is urging banks to think now about transitioning their confirmation matching processing ahead of the retirement of SWIFT Accord. With the service due to cease in October 2017, making provision to transition as early and as painlessly and as cost effectively as possible is absolutely vital for business continuity.