Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, announced today announced that it has acquired substantially all of the assets of Deep Relevance, Inc. Based in the San Francisco Bay Area, Deep Relevance uses Artificial Intelligence (AI)-based behavior and relationship analytics to help identify individual employee and collusive fraud or other suspicious transactions.

Appway has released two new solutions for financial services based on its latest Appway 7 technology, already live with clients worldwide. 

After serving international and domestic banks with award-winning client onboarding for the past ten years, Appway is releasing the fully revamped Onboarding for Wealth solution, which integrates digital and physical interactions for hyper-connected customers in the Digital Age. 

Coupa Software (NASDAQ:COUP), a leader in cloud-based spend management, announced today that Coupa Open Buy with Amazon Business is now generally available in the United States and a pilot will launch soon in both Germany and the United Kingdom with an initial set of customers.

‘Building for the future’ – one of the key themes for Sibos in Toronto this year – has triggered a flurry of activity in the form of panel discussions, debates and presentations focusing on how financial institutions are creating solutions fit for the future. Perhaps the hottest topic in this regard at Sibos this year so far has been Artificial Intelligence (AI).

With Open Banking phase two fast approaching in January 2018, Giles Hutson, CEO of Insignis Cash Solutions, explains how the new competitive banking environment can boost saver’s returns on cash: 

Murex, an industry leader in trading, risk management and processing solutions for capital markets, announces it has certified its MX.3 technology platform to run on Microsoft Azure.

Since early 2016, Murex has collaborated with Microsoft to bring to market solutions enabling clients’ digital transformation. This collaboration has now come to fruition with the availability of support for the Murex MX.3 platform on Azure, as well as the planned integration of Microsoft SQL Server 2016 as a relational database for MX.3.

EastNets, an innovator in financial crime and compliance risk solutions, has released important upgrades in the fourth release of its state-of-the-art watchlist screening solution en.SafeWatch Filtering.

Barings, one of the world's leading asset management firms, announced today that it served as a Joint Lead Arranger on a Senior Secured Credit Facility to support New Mountain Capital's acquisition of DRB Systems LLC. Founded in 1984 and based in Akron, Ohio, DRB Systems is the leading provider of turnkey technology solutions used to enhance the operational efficiency of car wash sites across the U.S.

Stress testing has been a much-favored simulation technique used by banks to evaluate the risk of having insufficient capital during tough times. Large financial institutes have been using stress tests as a form of scenario analysis ever since the early 1990s. They have become increasingly popular, however, after the worldwide financial crisis that took place between 2007 and 2009, and has proven to be a fruitful endeavor when it comes to preventing undercapitalization in financial institutes. 

Stress Testing Methodology

HSBC, the world’s leading trade bank, has introduced a Matched electronic Purchase Order (Me-PO) financing solution to dramatically improve the release of working capital.

The Me-PO solution, developed by Bolero, will reduce the cost of invoice and purchase order processing between HSBC business customers and their suppliers, who will benefit from being able to make earlier requests for finance. Both parties will appreciate having a new level of visibility, being able to track and monitor their Purchase Orders and invoices in real time.