Going into 2023, we expect to see continued difficulties for businesses, but hopefully less severe than in 2022 as inflation reduces and central bank tightening eases. With businesses now adjusted to the pound’s lower level, they should better understand how to mitigate market volatility. 

We highlight three predictions that businesses should watch out for in 2023.

Appreciation in high-risk currencies 

A majority of financial services firms now view digital transformation as essential to their business and are already looking to the next wave of technology to help get ahead, according to a new report by Broadridge Financial Solutions, Inc. In the 2023 Digital Transformation and Next-Gen Tech study of 500 C-suite executives and their direct reports across the buy side and sell side globally, 71% said artificial intelligence (AI) is now significantly changing the way they work, and 60% agree that within t

The Citco group of companies (Citco) has moved to streamline the client onboarding and Know Your Customer (KYC) processes after agreeing a deal with digital transformation business, Fenergo, to integrate its client lifecycle management (CLM) platform across Citco. 
 

Simpl, India’s foremost 1-tap checkout network, today announced the appointment of Ashwini Ravindranath as Vice President of the Partner Success team. Ashwini will lead the team to build strong relationships with Simpl’s merchant network and own the P&L of the Pay Later business of the organisation. With this strategic hire, Simpl aims to help its onboarded merchant partners achieve their desired business goals.

8.6 million people in the UK have used fake, fraudulent or someone else’s identity in person or online to gain access to goods, services or credit, according to independent research by GBG, the digital identity experts.

The global AI-powered fraud prevention and identity verification startup iDenfy, announced a new partnership with Finora Bank, the Lithuania-based financial service provider for small and medium-sized businesses. With iDenfy’s IDV and AML solutions, Finora Bank will automate compliance and secure the customer onboarding process. 

Kneip, a leader in fund data management and reporting solutions for the asset management industry, has become the sole provider of fund data and documents for Clearstream Fund Centre.

Tixee, an award-winning broker offering a diverse range of trading instruments, decided to cooperate with Match-Prime, Forex and CFD Liquidity Provider, authorised and regulated by CySEC.

The UK’s largest cloud-based mortgage and savings technology provider, finova, today announces the launch of Intermediary Manager – a data management application that helps lenders better onboard and manages broker relationships.

Digital Asset Research (DAR), an industry-leader in cryptocurrency exchange vetting, today is sharing its reflections on FTX warning signs, missed opportunities to identify issues, and ways to strengthen diligence moving forward. Since 2017, DAR has conducted diligence on centralized crypto exchanges, including FTX, for its institutional clients.