Data bias, “black box” risk, and lack of human oversight are the main governance issues for banks using AI, according to the Economist Intelligence Unit (EIU) report “Overseeing AI: Governing artificial intelligence in banking”. The report is based on a review of global regulatory guidance on AI risks and governance in banking carried out by the EIU on behalf of Temenos (SIX: TEMN), the banking software company.

Barclaycard, a leading global payment business, is partnering with FreedomPay in the UK and Europe – a leader in commerce solutions. The collaboration will provide a seamless end-to-end payment experience to Barclaycard customers across a broad array of sectors.

Banking Circle, the ground-breaking financial infrastructure provider, has added Polish Zloty (PLN) to its local currency payout capabilities. Payments businesses working with Banking Circle can now provide their merchant customers with same day settlement for payments to Poland in Polish Zloty via the local payment network, eliminating the need to use the SWIFT network and, therefore, ensuring the end party receives the full amount.

Onfido, the global identity verification and authentication company, today announces new partnerships with Bondora, Voima Gold, and EstateGuru, to securely manage and streamline access to their financial services for local and international users.

Acronis, a global leader in cyber protection, today announced the acquisition of DeviceLock, Inc., a leading provider of endpoint device/port control and data leak prevention software for enterprises and government institutions around the world. As part of the agreement, DeviceLock will become a wholly-owned subsidiary of Acronis.

Allica Bank, the business bank dedicated to empowering small and medium-sized businesses to succeed, has today announced the appointment of Brandon Hall as Senior Business Development Manager for Asset Finance.

The Emerging Payments Association (EPA), which celebrates collaboration and innovation across the emerging payments industry, has today launched Project Recovery to help the UK FinTech make informed decisions and equip them to survive in the post pandemic world.

FlexTrade Systems (@FlexTrade), a global leader in multi-asset execution and order management systems announces direct availability of Liquidnet’s Targeted Invitations in its multi-asset trading blotter for equities.

Wolters Kluwer’s Finance, Risk & Regulatory Reporting (FRR) business has launched a Professional Services offering for ongoing software management and maintenance, specifically for the Americas market. The consultancy service is designed to help Wolters Kluwer’s clients in the region leverage private cloud environments to more efficiently scale their risk and reporting infrastructures, helping them to ensure optimal system performance.

Cyber security specialist Foregenix has signed a strategic partnership with e-commerce hosting firm Sonassi – part of the