Xceptor provides AI-enabled data centric automation software to easily automate processes thereby driving productivity and operational efficiency. As part of this partnership, Xceptor will help to automate reconciliations with multiple external parties for the bank’s Securities Services business. Computation of various components of tax such as Capital Gains and Withholding tax will also be transformed with the use of Xceptor. The powerful automation tool is being deployed to bring about reduced manual workloads, exceptions and breaks, improved accuracy and speed.

Financial IT speaks with Réda Bouakel, CEO of Fortia Financial Solutions on how can financial services firms tackle the regulatory challenges.

Financial IT: Could you please tell us briefly about your background and career path that brought you to launching Fortia?

Dispute management specialist, Chargebacks911, and independent payments news outlet, Card Not Present (CNP), have released original research on the state of chargebacks and chargeback management in relation to card-not-present payments.

SteelEye, the compliance technology and data analytics firm, has raised $10m in Series A funding in a round led by the FinTech Strategic Investments team at Eight Roads, the proprietary investment firm backed by Fidelity, alongside existing investor Illuminate Financial. This takes the total amount raised by SteelEye to $20m to date.

Barclays, which processes nearly half of the UK’s debit and credit card transactions, has signed a new, multi-year partnership with long-standing partner Visa. The European agreement, which recognises the unique position Barclays has in the market, is designed to drive innovation and product development as well as facilitate international expansion.

Yolt Technology Services (YTS), Europe’s leading open banking third party provider, is urging the industry to do more to promote the consumer benefits of Open Banking and the revised Payments Services Directive (PSD2), to support growth in the Fintech sector.

Plato Partnership, the not-for-profit company bringing real innovation to today’s European equites marketplace, is excited to announce that T. Rowe Price, Allianz Global Investors, Schroders, Credit Suisse International and Exane BNP Paribas are now members of the Partnership.

Temenos (SIX: TEMN), the banking software company, today announced it has been included in the FTSE4Good Index Series, created by the global index provider FTSE Russell. Inclusion in the FTSE4Good Index Series denotes Temenos’ strong Environmental, Social and Governance (ESG) practices, which form part of its wider strategy to promote a culture of sustainability, responsibility and ethics across the business and its operations.

Over the last decade, we have seen an explosion in FinTech usher in a new era of commerce. Payment innovations and new solutions have closed the technology gap and have connected consumers all around the world — even those without bank accounts — to the digital marketplace. Many fast-emerging markets across Asia and Latin America have seen breakthroughs in delivering pragmatic payment solutions to meet the needs of their region’s consumers.