Markit, a leading global provider of financial information services today announced a partnership with BitSight Technologies, the standard in Security Ratings, to enhance its Know Your Third Party (KY3P) platform. The integration of BitSight data will enable organisations such as banks and buyside firms to access daily security ratings, review industry benchmarks and take action to remediate security vulnerabilities.

As banking organisations, financial services providers and brands predict and plan for the way consumers will manage their money in the future, artificial intelligence (AI) is high on the business development strategy for 2016 and beyond. 

On May 25^th, DBS, POSB, OCBC, UOB and SCB launched Apple Pay in Singapore and Visa customers can now use their payment credentials anywhere Visa payWave is enabled. This launch has many implications for the future of payments. Over the next five years, there is no doubt that the financial industry will continue to re-invent itself, and perhaps, at a much faster pace. 

In a global and networked marketplace, risk management is becoming crucial to businesses worldwide. The increase of compliance requirements, such as KYC, KYB, AML (anti-money-laundering), and EDD (enhanced due diligence), is driven both by regulatory changes and the commercial need to avoid business disruptions. Risk and procurement teams seek early detection of risks throughout the supply chain and require effective cloud-based tools.

AxiomSL, the leading global provider of regulatory reporting and risk management solutions, announced today that Union Bank of India (UK) Ltd. has decided to use AxiomSL’s XBRL solution to submit a wide range of regulatory reports to Financial Conduct Authority (FCA), as part of its compliance with the Capital Requirements Directive IV (CRD IV).

OTAS Technologies (OTAS), a specialist provider of market analytics and trader intelligence, today announced it has partnered with Wall Street Horizon to provide its institutional investment and trading clients with highly accurate and timely corporate event dates and information.  

SIA, a company specialising in the management of electronic payments, and Raphaels Bank, an issuing bank recognised for enabling innovation in payments, have signed a partnership agreement for the development and launch of payment solutions in the UK and across Europe.