Mphasis, an Information Technology solutions provider specialising in cloud and cognitive services, 

AUD Shines, COT Report Sees Further USD Selling

Digital transformation can mean different things to each financial institution (FI). For some, it’s a push to modernise legacy systems and acquire fresh talent. For others, a journey to adopt an organisational strategy that unites departments and teams. No matter the motive, nearly all FIs want the same result—to drive efficiency, revenue and cost savings. For many forward-thinking FIs, artificial intelligence (AI) is a key part of this process. 

Equity markets have started June on a positive note and, so far at least, are ignoring the fact that June is traditionally the weakest month of the year. Global equities rose 0.7% in local currency terms last week and are now some 1% above their high a month ago.

Bahrain-based Islamic FinTech provider, IFIN (Islamic Finance Initiation Network – www.ifin-services.com), has launched the first of its kind, real economy, automated Islamic financing platform. The secure, innovative technology connects retailers and Islamic finance providers, enabling them to offer consumers instant access to Islamic financing for purchases, at the point of sale. 

Vault Platform, the pioneering workplace ethics & compliance platform, has closed an $8.2 million Series A funding round to service demand from its fast-growing client base, drive Artificial Intelligence technology for misconduct reporting and expand its team.

European fintech startup Quppy has closed its B-round at a very ambitious valuation of 25 mln euro

Leading global AI-powered credit decision platform provider, Scienaptic AI announced Heritage Financial Credit Union has chosen to implement the company’s AI-powered platform to enhance its credit decisioning and strengthen financial options for its members.

As a direct response to increased cyber-attacks against UK CNI targets, a new cyber staffing organization, Huts & Blocks has launched to provide access to a largely untapped and growing cohort of security-cleared cyber contractors.