According to our own research, 73% of the public believe banking has already been dramatically changed by technology, while 95% of financial services leaders agree technology is driving change in their organisation. Machine learning is a key part of this and, coupled with new technology, it’s set to change the face of the industry entirely.

RegTek.Solutions, leading provider of global regulatory reporting solutions, today announced the extension of its award-winning platform to include a full reporting solution for the Securities Financing Transactions Regulation (SFTR).

When contemplating FinTech in China, Alibaba and Tencent – among the world’s largest FinTech disruptors – will most likely be at the forefront of discussions. With market capitalizations of around half a trillion US$, the two tech giants account for over 90% of mobile transactions in China (through Alipay and WeChat Pay). However, mobile payments constitute just one aspect of China’s booming FinTech industry.

SWIFT today publishes a new cyber report, ‘Three years on from Bangladesh: tackling the adversaries’, providing new insights into the evolving nature of the cyber threats facing the global financial community.

Key findings show that:

·       Four out of every five of all fraudulent transactions were issued to Beneficiary accounts in South East Asia^1[1]

Integral, the technology partner trusted by leading banks, brokers and asset managers to help them outperform their competition in the foreign exchange market, announced today that Arab Bank (Switzerland) Ltd. has deployed a trading app built on the Integral platform to expand mobile trading services to their institutional and corporate customers.

FICO, a leading analytics company, today announced that it has been named a category leader in the AI in Financial Services, 2019; Market and Vendor Landscape report from Chartis Research. FICO was named a category leader in both AI analytics and packaged AI applications.

A supplementary report, Vendor Analysis: FICO; Artificial Intelligence in Financial Services, 2019, takes a more detailed look at FICO’s rating and capabilities.

Worldline, the European market leader for payment and transaction services, announces the introduction of a dedicated payment solution for online marketplaces that ensures smooth payment processes between all parties in the ecosystem and supports marketplaces in attracting and retaining consumers and merchants alike.

TurnKey Lender, the market’s leading provider of lending automation solutions and services, has received accreditation from IMDA Singapore - a statutory board in the Singapore government. The Accreditation@SGD program is focused on accelerating the growth of innovative technology companies by selecting the best ones and helping them establish credibility in the eyes of local and international partners.

E-commerce is one of the greatest business success stories of the last decade. It has created jobs, injected new dynamism into our economies, created countless ‘unicorns’ and given people, who wouldn’t otherwise have had it, access to goods and services that improve their lives.

Our spending behaviour in the UK is certainly far different from what it once was. After all, how often do you now purchase goods and services using cash or coins? For many of us, physical currency is proving to be a thing of the past. In an age of rapidly increased digitalisation, our spending habits have followed a similar fate to that of the paper map or a photo album.