The Artesian Solutions Risk and Compliance Hub (ARCH), a SaaS solution enabling commercial teams and underwriters to carry out automated risk screening on prospective clients has been accepted onto PwC’s Scale | InsurTech Programme. The 11 week programme aims to support the world’s most exciting InsurTech scale-ups to expand and grow, bringing advanced innovation and disruption to a market that has been traditionally slow to keep ahead of emerging technological trends.

The global regtech market is exploding because there are big problems to solve. Banks and financial services firms are grappling with an overwhelming volume of complex regulatory change and 2,500+ compliance rule books globally. With the cost of compliance to the banking industry estimated to be $270 billion each year, firms need help to the root causes of regulatory risk as efficiently as possible.

Today’s consumers expect a frictionless customer journey, regardless of whether they are shopping online, applying for a mortgage or opening a new bank account. Delivering such a seamless customer experience will require banks to not only boost their digital capabilities but also to fully transform their business operations to adapt to the changing marketplace.

With the new stablecoin, over one million Paysend users will be able to send instant global payments without the traditional cross-border fees.

Paysend Group, a global London-based fintech company is launching a new global stablecoin on the Stellar network. The global stablecoin will provide a consistent store of value that users can hold, or seamlessly trade and transact with in real time. The Paysend stablecoin, will be available in June 2019.

Liquidnet, the global institutional investment network, today announced it has acquired RSRCHXchange, a leading marketplace and aggregator for institutional research. The acquisition supports Liquidnet’s evolution as a global investment network and enables it to embed a new level of research and analytics into the global investment process. Liquidnet will now be able to deliver relevant, actionable insights directly to investment teams through the Liquidnet platform.

With cybercriminals becoming ever-more sophisticated, and identity fraud reaching epidemic levels in the UK[1], the need for strict customer identification procedures has never been greater for banks and financial institutions.

Funds advised by BC Partners (“BC Partners”) announced the sale of a majority stake in Acuris, a global provider of proprietary financial intelligence, data and analytics, to ION Investment Group ("ION"). ION will acquire a controlling stake in the company from BC Partners and GIC, Singapore’s sovereign wealth fund. BC Partners and Acuris management are reinvesting and will retain minority ownership.

OpenFin, the operating system (OS) of finance, today announced that AllianceBernstein, the global asset management firm, has chosen OpenFin to help accelerate their digital transformation strategy.

The collaboration will help AllianceBernstein modernize their desktop technology infrastructure, allowing integration and interoperability with legacy and third-party applications without the need to rewrite legacy code. AllianceBernstein is now actively migrating .NET and legacy applications onto OpenFin OS, accelerating their movement to web technology.

Manama, Kingdom of Bahrain: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, has participated in the 17th Annual Shari'ah Conference of 

The competition between European insurers has never been greater. As impactful technology becomes cheaper to access and more widely available, insurers must meet customer needs and demands now, or lose their customers forever; outdated products, inefficient processes and poor customer service are no longer acceptable.

As insurance’s ‘moment of truth’, the claims process is a critical priority for insurers. Although complex, condensing ease of access, transparency, speed and quality customer service into the claims process is not just important; today, it is essential.