Anaplan, a pioneer in Connected Planning, announced the release of an IFRS 17 General Insurance application on its App Hub marketplace, developed in exclusive partnership with Deloitte. The solution combines the strengths of the Anaplan platform for Connected Planning with the depth of actuarial, finance and data expertise from Deloitte. 

The International RegTech Association (IRTA) has unveiled the first iteration of its ‘IRTA Principles for RegTech Firms’, a new set of open standards spearheaded by the IRTA Innovation Working Group, with the aim of facilitating innovation and protecting innovators as they work on developing high-quality RegTech solutions.

Baker Hill, a leading provider of technology solutions for common loan origination, relationship management and smart data analytics, announced they have been named for the third consecutive year to the IDC FinTech Rankings, ranking among the top 100 global providers of financial technology. The annual IDC FinTech Rankings are based on 2017 calendar year revenues attributed to financial institutions.

TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced TIBCO JasperReports IO, an industry-first, highly scalable microservice specifically designed to generate reports and embeddable data visualisations. The content produced by JasperReports IO ranges from pixel-perfect, multi-page reports to interactive data visualisations. Developers can use the service to design and distribute information together with RESTful ease.

 Wirecard, the leading innovation driver in digital financial technology, is launching the Try Before You Buy flexible invoice payment option. Partnering with PVH Corp.’s [NYSE: PVH] Europe headquarters, which operates the Calvin Klein and Tommy Hilfiger businesses in the region, the CALVIN KLEIN and TOMMY HILFIGER e-commerce sites in Europe will be the first to use this technology.

The financial services sector’s need for a technological response to its document challenges are highlighted by some recent survey findings. Entitled the Role of Technology in Financial Documentation Compliance Survey, it reported that 89 percent of financial service professionals indicated that heavy documentation demands affect their ability to efficiently produce thorough, timely reports, records and client notes, which can impact compliance and client service.

As consumer expectations towards digital user experience are increasing, more and more banks are striving to provide great customer experience on their digital banking channels – online, mobile, and tablet banking.

Online research from Equifax reveals nearly one third (31%) of people believe they won’t be able to pay off debt within their lifetime, and over one in 10 (12%) say they won’t even be able to reduce their debt levels.

The survey, conducted with Gorkana, indicates those aged 18-24 are the most pessimistic about debt, just half (50%) believe they will pay back their debt in full within their lifetime, compared to 78% of 55-64 year olds. Males are more confident they’ll manage to clear their debts in their lifetime (73%) than females (65%).

Belgazprombank, a leading lender in Belarus, has implemented a system from FICO that screens financial transactions and customers in order to prevent financial crime. FICO^® TONBELLER^® Siron^® Embargo checks banking applicants and individual transactions to ensure that the bank and its customers do not do business with individuals on restricted lists, such as those who are involved in terrorist activities, and manages the risk of working with politically exposed persons.

SWIFT is launching a Business Intelligence gpi Observer Analytics tool, a new resource for gpi banks to gain more comprehensive business insights into their gpi traffic flows.  

The unique market and competitive analysis that gpi Observer Analytics provides will allow financial institutions to act on reliable and fact-based information to understand the current itinerary and speed of their payment instructions.