• 70% of fintechs are using AI today, and the technology is predicted to dominate the market by 2025
• 90% of fintechs use APIs and they are currently the most widely used emerging technology
• “Fintech Five by Five” explores five core technologies that will have the biggest impact on the sector in the next five years

Engineered by SETL, Verafide allows organisations, networks and individual users to simply and securely issue, hold, verify and share digital ID and credentials 

Verafide, a verifiable credentials technology provider for issuers, holders and verifiers of digital credentials and ID, today announced the launch of their platform on the SETL enterprise blockchain.  The open source solution enables any community, network or organisation to set up and maintain a digital credentials ecosystem.

Fashion tech start-up closes Series C to consolidate leadership positions across Europe

Perwyn, a family-backed private equity and growth capital investor, is pleased to have led a $30m Series C funding round in Lookiero, the online personal shopping service.  

An Interview With Sergey Khotimskiy, First Deputy Chairman of the Management Board, Sovcombank.

Financial IT: Please tell us a little about Sovcombank’s history. Please also explain what is its current business (retail banking, corporate banking, investment banking etc.) and what is its key competitive advantage?

As the global economy starts to re-open, crucial sectors such as retail and hospitality are showing positive signs of growth. The travel industry has yet to get back on its feet, however, hampered by changing restrictions and concerns over emergent COVID strains. As mass immunisation and vaccine passports kickstart consumers’ holiday plans, it’s imperative that banks and FS providers understand how the pandemic has accelerated shifts in the ways people manage and spend their money to prepare for a cashless travel sector in the future. 

Leading AI-powered credit decision platform provider, Scienaptic, announced that American Cycle Finance (ACF) has successfully deployed its platform. The implementation empowers ACF to assist its partner motorcycle dealers in selling more vehicles to customers with limited or no credit history through sharper, AI-driven credit decisions.

 TIBCO Software Inc., a global leader in enterprise data, empowers its customers to connect, unify, and confidently predict business outcomes, solving the world’s most complex data-driven challenges. Today, TIBCO announced its recognition as an overall Leader in Vendor Credibility in Dresner Advisory Service’s 2021 Wisdom of Crowds® Business Intelligence Market Study, making this the fifth consecutive report naming TIBCO a Leader.

Leading UK RegTech specialist SmartSearch has warned the UK could be left behind in the fight against money laundering and financial fraud, if it fails to coordinate with the new agency being formed by the EU.

It has emerged that the European Commission will launch the Anti-Money Laundering Authority (AMLA) as part of a raft of measures contained in its action plan, set to be revealed on July 20.

Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital account opening, today announced a new partnership with ICBA Bancard, the payments services subsidiary of The Independent Community Bankers of America (ICBA), to facilitate instant payments via Finzly’s Payment Galaxy, a payment hub for improved convenience, cash flow and efficiency for community banks and their customers. Finzly was a fintech participant in ICBA’s 2020 ThinkTECH Accelerator program.