Dianrong and FnConn, Chinese fintech firms, filled in the hugely underserved needs of supply chain finance in China by introducing the new blockchain-based platform for supply chain finance called Chained Finance.

Lantern Credit, a financial technology company working to solve systematic inefficiencies in the consumer credit industry, is enhancing its proprietary machine learning engine, Beam AI, with the acquisition of the Abstract Regression-Classification (ARC) Machine Learning Library.

The machine learning library enables Lantern Credit to use a human-machine hybrid learning approach that incorporates human guidance in the machine learning training process to produce more reliable outputs.

Ayming, the international business performance consultancy, today announced a new strategic partnership between its UK arm and Cova Advisory, a leading South African consultancy on investment incentives, to enable both partners to expand their global footprint.

Being in New York on International Women’s Day last week, a surprising event occurred.  No, it’s not that Donald Trump renamed the day after his favourite cat, but that a statue appeared next to the Wall Street Bull.  A Fearless Girl.  The bronze statue is sponsored by State Street and celebrates the idea that women can stand up to anything, even a raging bull.

Tieto has widened its partnership with Preem, the largest fuel company in Sweden, for the extension of e-invoicing services. The increased use of e-invoices is expected to save Preem 1,1 million SEK over a 25-month period and further boosts the company’s environmental efforts by decreasing the use of paper.

The new deal gives Preem the ability to send electronic invoices to all clients and suppliers directly through their Internet bank, even if the receiver does not have its own e-invoicing service.

Symvan Capital, provider of tax-efficient disruptive technology investment opportunities, is targeting a £10 million fundraising for its new high-growth technology EIS fund. This fund will benefit from the government’s Enterprise Investment Scheme (EIS). Namely, capital gains on disposal of shares are freed from Capital Gains Tax after three years, relieved capital gains or income is available for EIS shares which are disposed of at any time at a loss.

 Access Pay is embarking on a mission to guide British businesses in what is set to be a rollercoaster year for the banking and finance sector.

The Manchester-based firm, a specialist in cloud-based payments technology, has launched its new online hub Resource Centre aimed at guiding businesses, banks and consumers through the minefield of changes that are afoot.

2016 has seen IoT continue its meteoric rise through the technology and business space. A never ending array of connected devices has joined networks around the world, bringing the total of global ‘things’ to a staggering 23 billion. From connected cars, thermostats to lawnmowers, we have continued to see technology evolve and work its way into more business and consumer applications, performing tasks, anticipating our needs and making our lives easier. 

IBS Journal catches up with Group Chairman and CEO of Path Solutions, Mohammed Kateeb, to chat about 2016 and what lies ahead. This interview is published in the January 2017 Issue of IBS Journal in the section Feature Focus – Core Banking Systems. Discover more here: http://www.path-solutions.com/Mr.Kateeb-IBSinterview2017.pdf