It’s not just cyber technologies or digital currencies that are worrying financial crime teams in financial institutions across the UK & Ireland. It’s also the increasing volume and variety of more established financial crimes that aren’t new, but are incredibly hard to detect, such as mule activity; the proceeds of trafficking; the abuse of corporate structure and the criminal use of third parties.

Allianz Global Investors, a leading active asset manager, has adopted IHS Markit's leading investment management platform, thinkFolio, as the strategic decision support solution for its global fixed income business. The firm will leverage thinkFolio as a managed service hosted on the Amazon Web Services (AWS) cloud.

OneStream Software, a leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, has appointed two new members to its board of directors. Jonathan Mariner, experienced finance executive and consultant at Overtime Spor

While most financial organisations worldwide (89%) are moving to the cloud, a significant amount (68%) already say that cloud migration has greatly or moderately changed their business for the better, according to the Unisys Cloud Success Barometer™.

Sumsub, an identity verification platform that provides an all-in-one technical and legal toolkit to cover KYC/KYB/AML needs, today introduces a new product— verification through the agent-assisted video chat process in compliance with the regulatory requirements of Estonia, Austria, Germany, Switzerland, and Liechtenstein. The new functionality will allow companies operating under the laws of multiple jurisdictions to conduct compliance in a way that is best for conversion rates. 

DataRobot, the leader in enterprise AI, has announced DataRobot Pathfinder, a public library of more than 100 AI use cases that provide the know-how to maximise success and impact based on DataRobot’s experience with thousands of real world applications of AI.

Temenos (SIX: TEMN), the banking software company, today announced that Sombank, a privately owned Islamic bank in Somalia, has selected the Temenos Islamic Banking solution in the cloud to accelerate its digital transformation and create innovative products to increase access to financial services in Somalia.

Israel based Coralogix, provider of leading ML-powered log analytics and monitoring solution, today announced a strategic expansion into India to provide its customers with its first local Amazon Web Services (AWS) regional server support and data storage capabilities. By localizing data, Coralogix will help customers meet compliance requirements for India’s new data privacy laws and dramatically improve service performance.

SteelEye, the compliance technology and data analytics firm, has today announced a partnership with Margin Reform, a management and information technology consultancy in the margin, collateral, and legal space, to support the consultancy’s clients with best-of-breed compliance and regulatory reporting solutions. 

Inc. magazine today revealed that BlueSnap is No. 1648 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.