Finantix, a leading supplier of transformational software to the private banking, wealth management and insurance industries globally, announced that Deutsche Bank Wealth Management has chosen its AI-powered Finantix KYC Solution to help enhance the bank’s client onboarding and know-your-client (KYC) processes.

An Interview with Juerg Hunziker, Group CEO at Avaloq.

Financial IT: Can you tell us more about Avaloq your background?  

Horizon Software (Horizon), the world’s leading provider of electronic trading solutions and algorithmic technology, has announced the release of a new volatility algorithm to automate volatility spreading strategies, and more generally dispersion trading strategies. This algorithm will be known as Hedged Vol Spreader (HVS).

Aschheim (Munich). Wirecard, the global innovation leader for digital financial technology, and CreditPilot, a banking and B2B2C-focused fintech, have announced the signing of a new partnership agreement. Under the terms of the agreement, CreditPilot will incorporate Wirecard’s digital payment processing technology into its A2A (Any2Any) platform ecosystem for mobile and digital financial services provision, which is available to almost 100 million people worldwide. In 2018, CreditPilot's various platforms processed approximately €2.7 billion worth of transactions.

Allied Payment Network, the industry’s most progressive provider of online and mobile bill payment services to banks and credit unions, announced today the addition of Product Manager Adam Bischoff and Software Engineer Harold Smith.

At the Business Blockchain Summit in London recently, Dale Chrystie, FedEx’s Blockchain strategist, invoked the words of FedEx founder Frederick W. Smith, who said that in business there were no prizes coming second: to stay ahead, business must innovate.

Financial IT interviews Liran Zvibel, Co-Founder and CEO of WekaIO

Customers in the UK are embracing the use of AI driven financial services (FS), with 63%  happy to use chatbots for everyday queries and over a third preferring an instant response from a chatbot over a delayed one from a human. Research carried out by Pinsent Masons and Innovate Finance demonstrates the opportunity for AI to underpin fundamental FS functions, while not losing sight that the role of the human is crucial to transform the industry and garner greater consumer trust.

Banking Circle, the ground-breaking financial utility, has been named as a finalist in four coveted Emerging Payments Awards categories: Best International Payments, Remittance or use of FX; Best B2B Payments Programme; Best Back Office Innovation and Best Technical Service Organisation supporting Emerging Payments.

Nets, a leading player in the European payments industry, and Swish, the number one payments app in Sweden, today announce their collaboration on an in-store payments pilot programme. 

Until now, Swish has mostly been used for account-to-account transactions and, more recently, ecommerce payments. Now, the popular payment app is working with Nets to expand into the retail and service sectors by piloting in-store mobile payment functionality.