Technology departments in financial services firms are unable to innovate with technologies like Artificial Intelligence and Blockchain because they have lost influence in boardrooms, according to leading Information Technology (IT) executives working in the financial sector. 

InvestCloud Inc., a global FinTech firm, has released two new lines of financial apps to run on its digital platform. 

With a wide range of new and improved features aimed at making data science, machine learning, and advanced analytics accessible to organizations as a whole, data science software maker Dataiku has today released Dataiku 4.1.

Banc Intranets, a provider of secure, web-based enterprise content management solutions for financial institutions, announced that Citizens National Bank (Meridian, Miss.) is leveraging its BancWorks employee intranet to centralize access to bank information for its more than 330 employees. 

Invest Lithuania and Singapore FinTech Association today signed a landmark financial technology ("fintech") innovation agreement at the 2017 Singapore FinTech Festival, signifying deeper bilateral economic relations as both republics seek to enter each other's regional markets.

ING Bank announced today  the initial release of its Zero-Knowledge Range Proof (ZKRP) solution at the inaugural Enterprise Ethereum Alliance Event in Amsterdam. The technology signals a major addition to blockchain technology and will help overcome one of the biggest obstacles to financial services in using blockchain technology: improving confidentiality in a public ledger. The ZKRP solution has been internally developed by the ING blockchain team and has demonstrated significant efficiency improvement. 

Pre-Budget hints that Chancellor Philip Hammond is eyeing tax and VAT raids on freelancers and microbusiness in the impending Budget would lead to “an epic disaster for the tech sector and economy if they are implemented” warns Lee Murphy, the CEO and founder of Pandle, the cloud accountancy software for small businesses.

Lee Murphy, an accountant and tech entrepreneur, said: “The British economy over the past 20 years has been a huge success story, creating millions of extra numbers of jobs and sustaining growth in the face of a pretty difficult global economic background. 

IHS Markit, a world leader in critical information, analytics and solutions, today announced the launch of new optical character recognition (OCR) and artificial intelligence (AI) functionality to digitize the tax validation and due diligence process.  The integration of these new capabilities is available through CTI Tax Solution’s Mandatory Document Due Diligence (MD³_®) and Common Reporting Standard (CRS) due diligence modules.

Databricks, provider of a leading Unified Analytics Platform and founded by the team who created Apache Spark(TM), today announced it has become a partner with Microsoft to expand the reach of its Unified A

Between November 2016 and November 2017, Bitcoin saw its market-cap increase by 1034% to a record breaking value of $128,982,906,067 on coinmarketcap.com. November 2017 also saw Bitcoin hit a new all-time high against the British Pound and US Dollar, with xe.com valuing a single bitcoin at £5889.18 and $7720.66 respectively.

With bitcoin’s market expanding, value increasing, and its near-global adoption favoured for its decentralised system, it’s no wonder that more people are looking to earn, spend, and even gamble with the cryptocurrency.