Technology is proving business’ Achilles heel in the fight against fraud. New research by KPMG reveals that while a quarter of fraudsters use technology to rip off companies, only three percent of businesses detected illegal behaviour using data analytics.

In fact 24 percent of technology-enabled frauds were caught accidentally, demonstrating that companies are failing to harness new methods of fraud detection.

SETL, the institutional payment and settlement infrastructure based on blockchain technology, has today announced the launch of its blockchain-powered OpenCSD platform. The OpenCSD platform, SETL’s first commercial offering, enables any market participant to commission and run a permissioned registry service for payments, settlement and clearing of cash and other financial instruments. The platform is available today and powered by the SETL blockchain technology, which has been benchmarked to settle billions of transactions a day in real-time.

Bittium and Air-Lynx launch world’s first public safety LTE evolved Multimedia Broadcast Multicast Solution (eMBMS) at the Critical Communications World exhibition in Amsterdam, Netherlands. The eMBMS solution enables efficient use of LTE radio spectrum, delivering huge amounts of data even in a congested network environment. This is particularly important in public safety, security and other mission-critical communications, which require fast data speeds, low latencies and reliable connections.

Mobeam, the unique global leader in mobile barcode beaming, today announced that its technology has been incorporated into Samsung Electronics Co. Ltd.’s popular Samsung Pay mobile payment service. Mobeam technology has been used in Samsung Pay for a number of months for the redemption of gift cards that are barcode based.

IOCS, the provider of the world’s first service automating end-to-end financial agreement processes, has today announced a full rebrand and unveiled its new corporate identity. Effective immediately IOCS will be known as Dealflo, a name that better represents its unique solution.

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, has been honored at the 2016 CNP Awards, winning the Judges’ Choice award for ‘Best eCommerce Platform/Gateway’ solution. The five-judge panel selected ACI from the pool of nominees based on the strength its SaaS-based PAY.ON eCommerce Payments gateway.

Axioma, a provider of innovative risk and portfolio management solutions, announced that HedgeMark International, LLC has completed the implementation of Axioma Risk™. HedgeMark, a BNY Mellon company, provides hedge fund dedicated managed account and risk analytic services. Axioma Risk is a next-generation multi-asset class risk management platform that allows clients to support their risk reporting across diverse and innovative investment strategies more seamlessly and with increased efficiency.

Fiserv was using QTP to automate some of the applications and most of the web applications were being tested manually. When the size of the applications grew and the regression suites got bigger, it became difficult to manage the suites manually and guarantee the quality of the application. Fiserv decided to increase the automation coverage and started evaluating automation tools