Today the Banking Industry Architecture Network (BIAN) is launching the latest development of its collaboratively-defined banking technology framework, designed to standardise and simplify overall banking architecture on a global scale – termed Service Landscape (SL) 5.0.

 Startupbootcamp, the global family of industry-focused startup accelerators, announced the launch of itsStartupbootcamp FinTech program in Mumbai. Following the success of programs in London, Singapore and New York, the evolution of the FinTech program to Mumbai ensures coverage of the three main FinTech hubs around the world and now the fastest growing economy.

Leading analytics software firm FICO today announced that its FICO^® TONBELLER Compliance Solutions are now available in the FICO^® Analytic Cloud. This suite includes highly integrated software modules for anti-money laundering, tax compliance, counter-terrorism financing, Know Your Customer initiatives and business partner due diligence.

Independent research commissioned by SIX Securities Services, has revealed that that over two thirds (64%) of financial institutions are concerned that agent banks have both custody and investment business lines. An inability to separate these two business activities introduce a potentially high level of risk with regard to asset safety.

Barely a week goes by without yet another announcement heralding a new blockchain initiative in capital markets. It almost seems that if you are the CIO of a major financial institution and you don’t have a blockchain project underway then you simply have nothing to talk about at dinner parties any more. But what is really going on is that these firms have finally figured out that their post-trade operations are woefully inefficient and represent an unacceptable burden in today’s economic environment. The key here is the difference between being effective and being efficient.

Pelican, a leading provider of technology solutions for the financial services sector, today announced that Banif Bank (Malta) plc has selected its Pelican Transaction Banking platform. The solution will provide end-to-end automation of both SWIFT and SEPA payments, including integration with over the counter (OTC) instructions, Banif’s internet banking system and back office.

Sanoma Group aims at being a trusted and responsible operator in the media industry, emphasizing solid information security and data protection practices across all group functions. The group's business is undergoing a major transition, and the goal right now is to build group-wide information security solutions which, unlike traditional solutions, will not slow down the business but instead serve and support it even through the change.

While there are potentially endless opportunities for the technology in financial services, there is currently a gap in understanding how Artificial Intelligence (AI) works.

As part of a series of blogs looking into what it means for the financial services industry, I have already explored the basics of AI. In this blog, I will look at how we can begin to implement the technology – and how different types of ‘knowledge’ encoded into a machine can achieve different outcomes.

Required knowledge

 Kite Consulting Group, providing financial recruitment hires throughout Europe, today announced the launch of Blocktribe, a specialist site designed to list the best blockchain-related jobs around the globe. Blocktribe is a central go-to source of jobs in this area, and the first of its kind for blockchain in Europe.

Worldpay, the UK’s leading payment processor, is helping businesses unlock the full power of their payments data with the unveiling of a revolutionary big-data analytics tool, Your Marketplace.