More than £100m has now been invested through Assetz Capital’s Innovative Finance ISA (IFISA), making up 23% of all invested funds on the Assetz platform.

Over 5,000 Assetz Capital IFISAs have been opened since it launched in 2017, with an average of more than £19,000 held in each of these accounts – nearly three times the average of £6,409 that is held across all ISA types according to the latest HMRC statistics available for the whole market.

State Street Corporation (NYSE: STT) today announced it has entered into a new partnership with iCapital Network[1], the financial technology platform setting the industry standard for delivering access and efficiency in alternative investing.

For us in the West, New Year feels like a distant memory. But, while we’re in the midst of ‘Dry Veganuary’, celebrations in China are just about to kick off.

Market Logic announced that Visa & Market Logic have been named a winner in the 2020 BIG Innovation Awards presented by the Business Intelligence Group.

EMQ, a global financial settlement network today announced that customers from around the world can make secure and reliable cross-border money transfers to their family or friends leveraging the company’s extensive real-time pay-out network.

Neither IBORs nor RFRs; firms should ready up to work with both types of benchmarks and reference rates for the foreseeable future.  The quantitative finance focused publications of 2019 have highlighted that replacing forward looking term rates (IBORs) with convexity-adjusted overnight rates compounded in arrears (RFRs) could lead to discrepancies with actual market conditions, liquidity issues, or even result in the fragmentation of benchmark rates moving forward. 

Researchers from Intel have published a study examining whether AI can recognise people’s faces using thermal imaging.

Thermal imaging is often used to protect privacy because it obscures personally identifying details such as eye colour. In some places, like medical facilities, it’s often compulsory to use images which obscure such details.

AI is opening up many new possibilities so Intel’s researchers set out to determine whether thermal imaging still offers a high degree of privacy.

Intel’s team used two sets of data sets:

Just five UK banks, two of them challengers, managed a net gain of customers in the third quarter of 2019, according to figures from the Current Account Switch Service.