SME Development Bank Malaysia Berhad (SME Bank), the country’s development financial institution, has chosen Wolters Kluwer’s OneSumX to provide its software for managing International Financial Reporting Standard (IFRS) 9. The accounting standard replaces the IAS 39 standard and came into effect at the start of the year. It addresses classification and measurement, impairment methodology and hedge accounting.

More than 500 attendees are scheduled to meet in Chicago for the Connected Claims USA Summit, run by Insurance Nexus on May 21st & 22nd at the Sheraton Grand.

The only conference dedicated to claims technology and innovation, keynote speakers include Ken Rosen, EVP and Chief Claims Officer, Allstate; Keith Daly, EVP and Chief Claims Officer, Farmers Insurance and BJ Treese, Managing Director for Emerging Property Products, Travelers.

Today, NeoXam, a leading financial technology company, announces that it has been selected by United Overseas Bank (UOB) in Singapore to support its group wide market data management efforts in line with incoming regulations, such as FRTB (Fundamental Review of the Trading Book) and BCBS239 (Risk Data Aggregation and Reporting).

 Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today inaugurated its flagship technology and innovation hub in Indianapolis. In addition, the company announced that it has hired more than 2,500 American workers over the past year as part of its ongoing commitment to accelerate innovation for American enterprises.

Callsign has beaten 10 other start-ups to win the London stage of NTT DATA’s 2018 Global Open Innovation Contest, and its team will now fly to Tokyo, Japan to compete against entrepreneurs from around the world in the competition’s Grand Finale. Contestants will be competing for the chance to win a three-month in-kind contribution to support the development of their proposed new business, and an opportunity to break into the highly innovative Japanese market.

Africa’s financial services landscape continues its dynamic evolution as the rapid growth of FinTech on the continent drives both the disruption and leapfrogging of legacy systems and further accelerates the digital transformation of financial services. In South Africa, the major banks are rapidly ramping-up their own innovation strategies and collaborating with new game-changing start-ups to drive efficiencies, make digital profitable and capture new markets.

ABN AMRO, the third largest bank in the Netherlands with more than 22,000 employees, has chosen Wolters Kluwer and SAS to provide a truly integrated finance, risk and regulatory reporting software solution. The implementation of the software is part of the bank’s major transformation project, the Finance and Risk Architecture Alignment Initiative (FRAAI), which is designed to better meet increasing requests internally as well as from regulatory bodies for ever more granular or different data within shorter time lines.

Finastra and Microsoft have formed a strategic alliance to deliver secure, flexible and cost effective financial services cloud solutions. As part of the alliance, Microsoft Azure, Microsoft’s enterprise-ready trusted cloud platform, will underpin FusionFabric.cloud as Finastra’s strategic cloud platform. In addition, Finastra will launch a selection of its global payments and retail banking products on Azure over the course of this year.

State Street Corporation (NYSE: STT) today announced it has developed and begun licensing a suite of rules-based investment strategies, or Investable Indices, for institutional investors.

“This is not smart beta or thematic investing,” said Will Kinlaw, head of research and advisory for State Street Global Exchange^SM. “These investable indices represent a new phase of dynamic investing. We’re packaging an active strategy in rules-driven index, where security weights can change dynamically as relevant factors and big data indicators evolve.”