Over one-third of IT decision makers in the UK’s largest financial services companies believe that AI will transform the industry in the next decade, but the same percentage admit that their infrastructure is not prepared for the transformation, a new survey conducted by Digital Realty reveals. 

A survey of business leaders by DXC Technology (NYSE: DXC) and Vanson Bourne, an independent research firm, reveals that 86 percent of IT and business decision makers believe that being able to predict and prevent future challenges with applications could be a “game changer” for their organizations.

VERMEG, the banking and insurance software solutions leader, is proud to announce it has received a top mark on the 2019 Corporate Equality Index (CEI). The CEI is recognized as the premier benchmarking survey and report in the United States and abroad on corporate policies and practices related to LGBTQ workplace equality, and is administered by the Human Rights Campaign (HRC) Foundation.  

VERMEG joins the ranks of over 560 major U.S. businesses that also earned top marks this year.

The Information Commissioner’s Office (ICO) has opened the beta phase of its Sandbox, a new service designed to support organisations using personal data to develop products and services that are innovative and have demonstrable public benefit.

Today, Brickblock achieved a significant milestone by tokenizing a real estate vehicle carrying an approximately €2 million property in Wiesbaden, Germany. The sale was exclusive to eligible investors.  

Ground X, the blockchain subsidiary of the leading South Korean mobile platform, Kakao, has released its public testnet Baobab, along with the updated position paper, which highlights the technical architecture and direction of Klaytn. 

Deutsche Bank Securities Inc. (NYSE: DB) and Nasdaq (Nasdaq: NDAQ) are pleased to announce that Deutsche Bank’s new Single Dealer Platform will be developed with Deutsche Bank, and hosted and operated by Nasdaq’s market technology. The expected go-live is targeted for Q3 2019. 

In recent years we’ve seen a huge financial fallout for organisations that have suffered large-scale cyber attacks; from the £500,000 slapped on British Airways for the 380,000 compromised card payments of customers, to the possible $915m fine that Marriott may face following the enormous data breach last year. These repercussions are only likely to worsen as the volume and severity of attacks increases.

Equifax, a global data, analytics, and technology company, and Wolters Kluwer’s Finance, Risk & Reporting (FRR) business, are teaming up to provide an end-to-end Current Expected Credit Losses (CECL) solution. The companies are combining their respective CECL offerings and capabilities to help financial institutions comply with new standards instituted by the Financial Accounting Standards Board (FASB) for a complete solution that ensures an integrated and supportable framework.

The Fintech Open Source Foundation (FINOS), a nonprofit that promotes open innovation in financial services, today announces the release of the first major version of the Financial Desktop Connectivity and Collaboration Consortium (FDC3) standard.