Bahrain Credit, a leading financial company in Bahrain and part of Bahrain Commercial Facilities Company has entered into a multi-year contract with Clayfin and Computer World to transform their retail digital banking business.

The Accounting and Auditing Organization for Islamic Financial Institutions (“AAOIFI”) and Path Solutions signed an agreement for the renewal of certification for Path Solutions’ iMAL Islamic core banking platform to comply with AAOIFI’s relevant standards. 

The insurance industry is undergoing massive change as traditional providers race to digitally transform. This is due to the enormous pressure that insurers are facing on all fronts. On one side, consumer expectations have soared to new heights as customers demand seamless experiences across channels and new ways of interacting with their insurance providers. The advent of connected devices such as home-automation systems and in-car telematics is creating whole new insurance models.

The Turing test famously proposes that if a personcannot reliably distinguish between a machine and a human communicating with them in text, the computer can be said to be genuinely intelligent. The first software programme passed the test in 2014, doing a passable impression of a 13-year-old Ukrainian boy. 

Turnkey open banking platform provider, Token.io Limited, has been chosen by UK financial institution thinkmoney to deliver PSD2 compliance and open banking capabilities before the first Regulatory Technical Standards (RTS) deadline in March.

As the open banking movement gathers momentum and the use of artificial intelligence (AI) continues to proliferate across the industry, 25% of financial institutions worldwide will be capable of processing transactions initiated by third-party digital personal assistants by 2022.

GlobalPlatform, the standard for secure digital services and devices, has announced its Board of Directors for fiscal year 2019. Six Board seats were open and after a close election, the following individuals were re-elected to serve a further two-year term:

Nasdaq First North-listed Crunchfish forms partnership with JoinPad – a global provider of Augmented Reality solutions for enterprises. Several field tests are initiated including use cases in logistics and warehouses as well as a marketing project using AR glasses for reading comics produced by one of the most successful Italian publishing houses. In a pilot for the international fashion house Marina Rinaldi, part of MaxMara holding, Epson Moverio BT-300 smartglasses are combined with Crunchfish’s gesture control and JoinPad’s software platform. 

SGG Group, a leading investor services firm, backed by Astorg, is pleased to announce that regulatory approvals have been received and the transaction to acquire Augentius has successfully completed.

This acquisition reinforces SGG Group’s position as the 4th largest independent investor services firm and one of the top 3 independent administrators to the alternative investment community in the world, with the deal growing its assets under administration to over USD 400 billion, and further strengthens its reach and footprint.