Risk leaders of global financial institutions must start managing risk in a far more active way to tackle their £multi-billion commitments to digital transformation warns Simon Wills, author of ‘Right time, right place’ a new in-depth report from ORX, the world’s largest operational risk association. 

Clausematch, the award-winning global regulatory technology headquartered out of Canary Wharf, today announced the publication of its ‘Voice of RegTech’ survey. The survey, which was the first of its kind by the company - was carried out between May 2020 and May 2021 with support from the UK Financial Conduct Authority (FCA). A key objective of the study was to gain a better understanding overall of the impact of the Covid-19 pandemic on the RegTech industry.

Leading Polish debt collection firm uses mathematical optimization to determine ideal strategy for each borrower

Ultimo SA, one of the largest debt management companies in Poland and a part of B2 Holdings, will use FICO collections treatment optimization to take the ideal treatment path for each borrower. Using advanced mathematical optimization from FICO, Ultimo will be able to identify the best, most sustainable collections strategy for each borrower, from among dozens or even hundreds of potential options.

• 17% of UK adults are ‘financially stretched’ – with 10% expecting to see themselves in fall into the same situation in the next 12 months
• Signs that people have become ‘stretched’ include seeing their personal income decrease (21%), having to borrow in order to pay an essential bill (10%) or being unable to pay it at all (7%)
• 7.9 million people (15%)² experienced periods with no disposable income in the last year

• This was an increase from 87% at the end of 2020, according to Masthaven’s latest Broker Beat research
• 88% are ‘confident’ or ‘very confident’ about the prospects for the market as a whole
• Over three quarters (77%) of brokers expect their sales and revenue to increase this year

Digital cloud-based pin to provide added safe social interactive features at the IBC and MPC

Pan-African fintech partners with Afrimoney, Africell’s mobile money service, to provide users with smooth and affordable international transfers 

MFS Africa today announces that it has made its entry into Sierra Leone, partnering with Afrimoney, pan-African telecommunications leader Africell’s mobile money service, to enable mobile money users in the country to receive payments from abroad smoothly and affordably.  

New CTO Paul Miller and Head of ESG Client Services, Kelly Perry bring wealth of experience to the firm as it continues to grow

Edison Group, the leading international research and investor relations consultancy, today announces the appointment of Paul Miller as CTO and Kelly Perry as Head of ESG Client Services, as the company continues its expansion following a successful year. 

• 56% of SME leaders believe UK regions are unequal 

• 44% say economic inequality has worsened as a result of Covid-19

• Nearly a third (32%) believe the location of their business has negatively impacted their ability to access financial support during Covid-19

Q2 2021 Highlights 

• UK daily transaction volumes rise 30% q-o-q to £468m (from £325m in Q1) 

• Global daily transaction volumes increased by 32%, with Asia leading the way (44%  increase in volumes) 

• Continued interest in Ethereum, with average daily traded volume up 53% q-o-q