Brexit may well be just around the corner, but it is market data spending that financial institutions are more interested in taking back control of right now. In fact, other than regulatory equivalence post the transition period, it is hard to think of a more prominent issue right now than the rising cost of market data. According to analysis at the end of last year by Burton Taylor, global spend on market data topped $30 billion in 2019.

Feedzai, the world’s leading risk management platform, has today released findings from its 

INGOT Brokers, a world-class brokerage firm that helps customers to trade on a wide range of markets, is today announcing its partnership with Sumsub, an identity verification platform that covers KYC/KYB/AML needs. The companies are joining forces to leave lengthy manual user verification in the past and provide clients from all over the globe with quicker, more reliable checks.

Detected, the world’s first agnostic business verification platform, has completed its £600,000 seed round led by Hong Kong based EmergeVest within just 72 hours. Stephen Garland, Chief Technology and Product Officer at Trustpilot, has also joined Detected’s advisory board and is one of many high-profile investors that include:

Copper.co, the London-based digital asset infrastructure provider, today announced CoinFLEX, the first physically delivered cryptocurrency futures exchange, as the latest adopter of Copper’s ClearLoop framework.

Copper will be the first institutional custodian to support off-exchange settlement at CoinFLEX, an exchange which uniquely offers a range of additional crypto products including repo markets, futures spreads, one-click borrow/lending, and the yield bearing stablecoin, flexUSD.

Dreams (https://www.getdreams.com/en/b2b/), the Stockholm-born fintech empowering millennials to save and feel better about their money, today announces a strategic partnership with Ukrainian commercial bank UKRSIBBANK, a subsidiary of French international bank BNP Paribas Group.

Three big calls for 2021

Changing trade patterns, changed employment patterns and soaring fines from regulators are big legacies from 2020.

Global analytics and decision management provider FICO has partnered with Linktera, a consultancy and digital solutions provider specializing in risk management, to advance the use of AI-powered credit risk technology in Turkey and Middle East. Linktera will sell and implement FICO’s decision management solutions that help banks and other credit grantors manage risk and expand lending growth.

FinTech Connect, the trade show that connects the global fintech ecosystem, today revealed the priority for one in ten fintech firms over the next year is survival.

tonik, the first digital-only neobank in the Philippines, announced its collaboration with solutions provider CRIF for the automation of its loan origination and collection systems. The partnership will enable tonik to increase its efficiency, and minimize its costs and risks in credit decision making and collection.