Kiwi Outperforms, Keeps Bid on Hawkish RBNZ

Exberry, the marketplace technology pioneer, today announced that Guy Melamed has joined as CEO to accelerate its growth as it enters new marketplaces around the world. Exberry cloud native technology delivers an exchange matching engine that is easy to integrate, designed as a “Marketplace-as-a-Service” concept, allowing their users to reap the full benefits of an exchange-grade trading solution. 

The enormous amounts of data accessible to banks and their high demand for forecasting make the financial industry a perfect area for machine learning (ML) to shine. In this article, we explore the current applications of machine learning in banking when it comes to risk management, define its challenges and provide a future outlook.

Credit Risk Management 

Digital platforms are growing at an exponential rate. Everything today, from shopping and entertainment, to healthcare and wellness, relies on technology platforms to serve customers and keep things running efficiently. 

What does the product do?

phos is a software solution which enables contactless payment acceptance via smartphone, without the need for costly additional hardware – converting the merchant’s device into their business hub.

Who needs the product?

The financial-services industry is in the midst of a significant transformation, accelerated by the COVID-19 pandemic. Given the key role digitisation plays in the financial lives of more and more of the world’s population, electronic payments are at the epicentre of this transformation.

More than half (52%) of financial services professionals believe ‘greenwashing’ is rife within the industry, with competitors deliberately misleading customers about their sustainable practices. That’s according to a global poll of 550 decision-makers at financial institutions including banks, hedge funds, insurance and pensions firms, conducted by the data-driven thought leadership agency, iResearch Services.

BNY Mellon today announced that it has launched a first-of-its-kind real-time electronic bill (e-bill) and payment solution. Displacing the inefficient and antiquated process historically used to handle the majority of the 15 billion bills paid in the U.S. annually, this pioneering capability enables U.S. businesses to present digital bills to their consumer clients in real-time and receive instant payment via the consumers’ preferred online and mobile banking channels.