The inexorable advance of new technologies; artificial intelligence (AI), machine learning (ML), big data and cloud computing are transforming financial institutions and markets. Machine learning in particular, is rapidly gaining traction in the world of model risk management, where the increased number of models to be managed, requires a consolidation of effort across the entire model landscape.

MYbank, a leading online private commercial bank in China with a focus on SME financing, today announced the launch of the Star Plan to open up its proven AI, computing and risk management capabilities to financial institutions in China. 

Vantiv, now Worldpay, Inc. (NYSE: WP), today unveiled AuthMax™, a new authorization solution that is designed to increase credit and debit card approval rates for eCommerce merchants based in the U.S. by analyzing transaction data and applying behavior-driven rules. 

Barclaycard, which has helped make businesses successful for more than 50 years, is partnering with selected companies of the Travis Perkins Group to launch a new range of co-branded business credit cards. The rollout of the new cards kicks off with Travis Perkins and Toolstation this month.

Temenos (SIX: TEMN), the banking software company, today announces the launch of Finn AI on Temenos MarketPlace, Temenos’ platform for facilitating the exchange of value between fintech providers and financial institutions.

The Dubai Financial Services Authority (DFSA) today entered into a Memorandum of Understanding (MoU) with the Astana Financial Services Authority (AFSA).

Following the successful launch of a series of index strategies targeting themes related to disruptive technology and innovation, Solactive is introducing the Solactive Blockchain Technology & Hardware Index (the “Index”). The Index mirrors the performance of global companies focusing directly on blockchain innovation and development, as well as companies providing hardware and hardware-related services used in the process of mining, an essential part in supporting blockchain technologies.

At the FCA’s recent asset management conference, the regulator revealed that it will be undertaking a ‘diagnostic’ review of a range of organisations on the topic of research and inducements.  With more than $1bn being spent on dealing commissions, the regulator indicated that it wants to be sure that such a vast sum is being spent wisely, and not wasted by investment firms.