Baymarkets Technology AB (Baymarkets), a leading Nordic provider of FinTech and RegTech solutions to the global financial services industry, announced today the appointment of Per Andersson as Head of Sales and Business Development. His arrival brings 20 years of experience of building and managing businesses in the FinTech sector and he joins Baymarkets’ management team with immediate effect.  

Per was previously Head of Sales at Pantor Engineering, recently acquired by Goldman Sachs, and at Orc Software, now Itiviti.

Innotribe has released a new report examining the way innovation teams from the financial services sector are harnessing innovation within their organisations. Based on interviews with 11 innovation leaders, the Innotribe report, “Dynamism in Diversity: The essentials for successful Innovation Teams in the Financial Industry,” details current innovation frameworks and best practices for developing innovation programmes across the wholesale financial industry.

Commenting on a new report by Cifas which shows Millennials are a growing target for identity theft cases. Almost 25,000 victims of fraud were aged under 30, with the number of under-21s defrauded rising by a third, Steve Arnison, Commercial Director of LexisNexis® Risk Solutions, said the following.

With a flurry of High Street bank branch closures and the arrival of mobile-only challenger banks, the use of the internet to conduct banking activities is on the rise in the UK, but unfortunately so are the correlating fraud levels.

The Office of the Comptroller of the Currency (OCC) today provided additional detail on evaluating national bank charter applications from financial technology (fintech) companies that engage in the business of banking.

To help financial services clients quickly develop and scale advanced data and analytics capabilities, Accenture (ACN) has opened the Innovation Center for Finance & Risk in New York. 

What does the product do?

The iSignthis Paydentity solution incorporates real time electronic verification which converges authenticated remote payments with Know Your Customer (KYC) verification. By converging payments and identity, our Paydentity solution can deliver regulatory compliance with automated customer on-boarding. The service offers a global reach of any of the world’s 3.5Bn financially included or “banked” persons.

Teller assist units reduce the time taken to accurately handle cash transactions, improving efficiency and freeing staff to take on alternative tasks.

Banks continue to use teller automation units to improve branch efficiency

DTCC-Euroclear Global Collateral Ltd (GlobalCollateral), a joint venture of The Depository Trust & Clearing Corporation (DTCC) and Euroclear, today announced the launch of the Inventory Management Service (IMS), a transformative solution that enables market participants to seamlessly mobilize securities from the U.S. to Europe for use as collateral amid rising demand for high-quality securities to back trades.

Today, Green Hills Software, the largest independent software vendor for the IoT, and Imagination Technologies (IMG.L) announce expanded Green Hills tools support for MIPS CPUs with availability of the Green Hills INTEGRITY® RTOS for the MIPS I6400 CPU.

The combination provides a highly efficient solution for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles, networking, and other applications, which require maximum reliability, security, and real-time performance.

NEC Corporation reported on March 16 that NEC's face recognition technology reached the highest performance evaluation in the recent Face in Video Evaluation (FIVE) performed by the U.S. National Institute of Standards and Technology (NIST).