Royal Bank of Canada (RBC) and its AI research institute Borealis AI have partnered with Red Hat and NVIDIA to develop a new AI computing platform designed to transform the customer banking experience and help keep pace with rapid technology changes and evolving customer expectations.

Global analytics software provider FICO today released its May 2020 analysis of UK card trends, which shows the impact of COVID-19 on the credit market.

FICO monitors the UK credit market using data reported by the UK’s leading credit card issuers, through its FICO® Benchmark Reporting Service. FICO’s analysis of May 2020 activity provides a clear picture of the impact of COVID-19.

Overbit, a leading Bitcoin derivatives trading platform, has announced a new series of comedy sketches - aimed at highlighting the ease and accessibility of digital currency trading to the masses bringing comedy during the COVID-19 pandemic.

Hudson Fintech, the London-based Capital Markets technology firm, today announced two senior appointments to support its growth strategy.

RAMSUN Network, India’s e-marketplace for Supply Chain Finance and other Supply Chain related solutions, has joined fintech MonetaGo’s Secure Financing Network.

The RAMSUN Network facilitates easier and faster financing for small businesses, through its artificial intelligence-enabled technology solution. This allows multiple financiers to be part of Supply chain/Channel Finance ecosystem. India’s small business community faces ongoing challenges to securing funding, which have been exacerbated by the coronavirus.

Avaloq, the global wealthtech leader, has further expanded its senior UK team with the appointment of Peter Lamberti to the role of Strategic Sales Director. He is based in London and will focus on developing strategic relationships, expanding Avaloq’s presence in the UK and also globally.

Exberry, the exchange technology pioneer, has been appointed by London Derivatives Exchange (LDX) to provide matching engine technology. The new technology partnership will enable LDX to launch global markets and cover a wide spectrum of asset classes.

Infor, a global leader in business cloud software specialized by industry, today announced that it is partnering with DBS Bank, Southeast Asia's largest bank, to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses.

QuantaVerse, which uses AI and machine learning to automate financial crime investigation processes, engaged an independent model validation firm to ensure the regulatory rigor of its AI and machine learning platform. Leveraging its proprietary modeling framework to thoroughly analyze QuantaVerse’s AI solutions, the firm delivered a comprehensive model validation.

Quantexa – the contextual decision intelligence software company that empowers organisations to make better decisions – has today announced that it has closed a Series C round, raising a further $64.7 million (£51.2m) in funding.