The Wirecard Group, a leading supplier of electronic payment and risk management solutions, has entered into a partnership with Commerzbank AG. Wirecard enlarges the portfolio of Commerzbank with easy to integrate online payment solutions for e-commerce, as well as risk management. With this, Commerzbank can offer their business and corporate customers these services in addition to its own portfolio.

There has been much talk about the use of Artificial Intelligence (AI) within financial services to streamline processes and add value, some of which we are already seeing in the form of robo advisors and big data processors.

AI has the potential to solve many issues for the financial providers and corporates – reducing middle and back office administration, for example. In the first of a series of three blogs, I’m going to explore exactly what AI is and how it works in financial services. But first, we need to start with the basics.

The volume of data loaded on the C-level executives intensifies day by day. Most interestingly the enterprises are way more proficient in producing the big data rather than processing and analyzing it. FI Navigator helps financial institutions and fintech vendors to tame the big data beast for greater quality assurance and analytics in their product and service tactics. FI Navigator specializes in the vertical analytics delivering a web based bank data and analytics platform for quantitative market research.

EastNets, a global provider of compliance, payment and Cloud solutions for the Financial Services industry, has announced the appointment of Mr. Teunis Robbert de Vries as the company’s new Chief Technology Officer. Strongly regarded as an IT professional with 28 years of cross cultural experience in IT innovations, de Vries' appointment is expected to help usher EastNets' solutions to the next level while also developing a technology roadmap that will oversee the company's long term technology vision and direction. 

MiFID II requires trading venues to store personally identifiable information (each potentially 50 characters long) relating to the traders, investment managers and clients of the orders they receive. While it might be very convenient for surveillance to have order book data married up with personal data, this requirement is not only an additional burden to system load but also raises data privacy concerns.

 Pelican, a leading provider of solutions for the financial services sector, today announced the appointment of a new advisory board made up of senior leaders in payments and fintech. The appointments come as the company completes a major rebrand to support its ambitious expansion plans and the expected growth in the use of artificial intelligence (AI) for payments.

Clear Path Analysis just released their “2016 North America Fund Technology & Data Report”, and Seismic, along with major industry firms like Peak Capital, Northern Trust, and AB, contributed a variety of content on the state of technology, regulation, and innovation within the areas of asset and wealth management. Seismic’s VP of Financial Services Craig Dunham sat down with Clear Path Analysis to discuss that very topic, and below is an excerpt from their conversation.

In line with government's idea for consumers to become streetwise, people need to adopt a more sceptical approach to introducing any device that is internet connected, especially devices with accessible camera feeds, into their homes or businesses. Consumers need to realise that there is chance of abuse if the device is compromised.

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced an agreement with AITEC and the Alternative Investment Management Association (AIMA) to strategically strengthen its Know Your Third Party (KY3P) platform. The relationship brings together KY3P’s private cloud, one-to-many platform, with the AITEC-AIMA Illustrative Questionnaire for Due Diligence of Vendor Cyber Security.