This event builds on our previous marcus evans Model Risk events but focuses on the various risks associated with AI, largely though not entirely AI models. The primary reason this is so topical is a set of incoming regulations and regulatory proposals, including an EU AI proposal expected to come into force perhaps sometime in 2023, and a PRA report leading into regulation. Furthermore, in general, financial institutions face increased risks and regulatory scrutiny as a result of developing and using complex AI models.

VikingCloud, a leading provider of cyber security and compliance solutions, today announces the appointment of its new President.

Dallas-based Ben Peters joined VikingCloud on 1 November from VPay Inc, where he was Chief Operating Officer. Prior to VPay, Peters held executive positions at FleetOne Holdings and IOD Inc. where he was instrumental in the success of both businesses.

Since its inception in 2016, Unified Payments Interface (UPI) transactions have been witnessing a meteoric rise. According to the latest data released by the National Payments Corporation of India (NPCI), UPI transactions have reached a record-high both in terms of volume and value, i.e. 7,305.4 million transactions amounting to INR 12.11 crores. With the rapid adoption of UPI, the banking and fintech industry, along with the Indian Government, have been bullish on this digital mode of payment.

Authorize payment transactions by simply placing your finger on your credit card, securely and quickly. Sella is launching a trial of a biometric recognition credit card that, thanks to a small chip sensor, allows people to make payments by using their fingerprints.

Recognising the steady expansion and growth of the investment management industry, Clausematch, a global regulatory technology company, announced today it has rejoined the UK’s Investment Association.

Returning in front of IA partners, which are some of the largest wealth, investment, and asset managers in the world, allows Clausematch to spotlight its SaaS technology to help those organisations operate safely and bring compliant products to the market.

FICO’s latest report of UK card trends — for September 2022 — provides clear signs of consumer indebtedness as the cost of living crisis impacts finances.

Highlights 

Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won the ‘Excellence in Islamic Banking Solutions’ award at Finnovex Saudi Arabia 2022, for the Azentio ONEBanking Islamic Software Suite, industry-leading technology and best-selling Islamic core banking suite globally.

Cohesity has announced the addition of Kelly Bissell, CVP of Microsoft Security Services, to the Cohesity Security Advisory Council. As the council’s seventh member, Bissell brings nearly 30 years of experience in IT and cybersecurity with former security leadership roles at Accenture and Deloitte.