Local high school students are getting a free education in how to manage their money. Andigo Credit Union is working with Banzai, a national award-winning financial literacy program, to make curriculum available to seven Cook and DuPage County high schools, completely free.

Business information provider IHS Markit (Nasdaq: INFO) has recruited pricing and risk management specialist, Mark Findlay, as the Global Head of its Financial Risk Analytics business. Based in London, Findlay will report to Chief Technology Officer and Chief Data Scientist, Yaacov Mutnikas, and will lead the business.

The Financial Data Exchange (FDX) welcomed 25 new members between August 1 and December 31, 2019, bringing the total membership to 82 organizations that have committed to collectively transitioning to a modern, transparent and secure data sharing approach. Since its launch in October 2018, FDX has more than tripled its membership.

Old Mission Holdings (“Old Mission”), a global, multi-asset class market-making firm, today announced that the Financial Industry Regulatory Authority, Inc. (FINRA) has approved a brokerage license modification for its Old Mission Markets subsidiary. The change will enable Old Mission Markets to begin offering trading services directly to buy-side institutions and ETF issuers later this year, complementing the firm’s existing market-making business conducted through the Old Mission Capital broker-dealer.

Not many things in life are certain, but in the financial services industry it’s obvious to all participants that regulators are continually tightening the national and international governance, risk and compliance requirements. The ultimate aim for firms in 2020 is to stay one step ahead of the evolving regulatory regimes. In addition, Brexit now looks set to further shake up the regulatory mix and compliance regulations for those in, or trading with, the United Kingdom.

Regulatory compliance cost banks US$100 billion in 2016

Form3, the leading cloud-native, payment technology provider have announced that they will provide direct access to the SEPA Instant payment scheme for Ebury. This will be the first solution in Europe that allows direct scheme access for non-banks like FinTech’s and regulated financial institutions, while using Barclays as their liquidity provider.

MDOTM, the fintech startup that uses artificial intelligence to develop investment strategies to support banks, wealth and asset managers, keeps on growing, expanding its team with Axel Maier who joins as Global Business Development Strategist.

A majority (55%) of banking and wealth management professionals view Artificial Intelligence (AI), robotics and automation as the most significant developments that will shape the future of the global financial services industry. According to new industry research¹ by Swiss fintech Avaloq, additional key developments include the increasing use of more open and collaborative platforms (cited by 34%), and the rise of distributed ledger technologies and cryptocurrencies (26%).

Lothian Pension Fund, the Edinburgh-based local government pension scheme provider, has completed the implementation of the Charles River Investment Management Solution (Charles River IMS) to help strengthen its investment processes and provide capacity for expansion of its third-party services.