Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, announced today that senior software executive Mark Riggs has joined the company as its first chief customer officer (CCO) to help scale the customer success function, foster long-term customer relationships and maximise customers’ lifetime value with Coupa.

As the Financial Stability Board’s Artificial Intelligence report outlines, Artificial Intelligence (AI) has the power to transform the financial services industry.

The data science and cognitive learning elements that AI possesses has the potential to help solve complex business processes, but this also requires the necessary human expertise to model the algorithms and analyse the outputs from the models. 

InvestCloud Inc., a global FinTech firm, has been selected by Grinnell College as its digital platform of choice for its endowment. The Iowa liberal arts college will use InvestCloud Navy to simplify investment management, improve efficiency and centralize data.

The $1.8 billion fund includes investments in equities, hedge funds, private equity and real assets. The fund previously relied on multiple service providers, with information spread across various documents and formats.

Corvil today announced the launch of a new solution that establishes a system of traceability to Coordinated Universal Time (UTC), a critical capability for monitoring, analysing and reliably reporting activity on electronic trading networks. This is now a mandatory requirement for businesses to comply with pending financial regulations such as MiFID II from the European Securities and Markets Authority (ESMA) and the Consolidated Audit Trail (CAT) from the US Securities and Exchange Commission (SEC).

Synopsys, Inc. (Nasdaq: SNPS) and Black Duck Software have signed a definitive agreement for Synopsys to acquire privately held Black Duck, a leader in automated solutions for securing and managing open source software. The addition of Black Duck’s highly respected Software Composition Analysis solution will enhance Synopsys’ efforts in the software security market by broadening its product offering and expanding its customer reach.

Since July of 2014, Bitwage has been processing payrolls for the digital currency ecosystem. Bitwage had over 3 years of reliable payroll delivery services. Bitwage's goal is to provide workers around the world with an easy to use direct deposit for any client that pays them. As such, Bitwage announces the launch of 18 new source currencies for invoicing and team wages:

Naseba’s FinTech Summit, held in association with Dubai Financial Services Authority (DFSA), successfully concluded with more than 200 Banking Financial services and Insurance (BFSI) enterprise decision makers from across the region meeting to discuss and evaluate the latest developments in FinTech.

The Reality of the New FinCEN CDD Rule

The FinCEN Final Rule on Customer Due Diligence (CDD) is designed to improve global corporate transparency in the wake of recent scandals. This new rule will have a significant impact on the requirements of financial institutions and the way in which they enforce risk-based procedures.

Technical body EMVCo has publicly released EMV® Secure Remote Commerce (SRC) – Technical Framework version 1.0. The framework describes the roles, high level processes and data descriptions that enable card data to be protected and exchanged in a consistent and secure manner within the remote commerce environment.  The technical framework will be followed by the publication of a detailed specification that defines the protocol and core functions.