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Connecting Fintechs and Financial Institutions in the battle against financial crime

While it is difficult to quantify the true economic and societal costs of financial crime, we know only 1% of laundered funds are detected, suggesting that the current system of financial crime prevention is not working. Globally, it is estimated that between $800 billion and $2 trillion in laundered money flows through the financial system every year, and an overwhelming majority of it goes undetected.

Wednesday, April 14, 2021 - 08:04
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Financial IT
Challenges of Feeding Data Hungry AI Models

Financial institutions are more dependent on AI models for every aspect of the enterprise, including limiting risk, preventing fraud, and making hyper-personalized offers based on a customer’s last interactions.  However, according to a McKinsey survey, 24 out of 100 organizations stated that the biggest barrier to AI implementation is the lack of usable and relevant data.

Tuesday, April 13, 2021 - 18:37
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Financial IT
NFT Investments Raises 3x its IPO Target and Sets £35m Fund-Raising Record for AQSE Flotation

NFT Investments, an investment company specializing in non-fungible tokens ("NFTs"), is pleased to announce that it has raised £35 million before expenses, more than three times initially planned, for its flotation on the Aquis Stock Exchange Growth Market (Access segment), valuing the Company at a market capitalisation of £50m.

Tuesday, April 13, 2021 - 18:23
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Financial IT
Semafone and Avaya Bring Leading Payment Security Capabilities to Contact Center Customers

Semafone®, the leading provider of data security and compliance solutions for call and contact centers, today announced a global reseller partnership with Avaya (NYSE:AVYA), the leader in cloud-based solutions designed to enhance and simplify communications and collaboration.

Tuesday, April 13, 2021 - 18:12
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Financial IT
Etsy Sets Company Record With $1.7B Revenue - 110% YoY Increase in 2020

American e-commerce website, Etsy had a huge 2020 in which it set a company record for revenue. The e-commerce sector, in general, grew tremendously in 2020 as the pandemic forced people to completely alter their shopping habits. As a result, Etsy crossed the billion-dollar revenue mark for the first time in company history after a staggering YoY increase.

Tuesday, April 13, 2021 - 18:07
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Financial IT
PCI Pal Appoints Mufti Monim as New CTO

PCI Pal®, the global cloud provider of secure payment solutions for business communications, today announced the appointment of Mufti Monim as Chief Technology Officer to direct the strategic technical vision for the company. 

Tuesday, April 13, 2021 - 18:00
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Financial IT
ConsenSys Raises $65 Million to Accelerate Convergence Of Traditional And Decentralized Finance
Tuesday, April 13, 2021 - 17:55
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Financial IT
LiquidityBook Receives Minority Investment from Primus Capital

LiquidityBook, a leading Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, announced today that Primus Capital, a growth-oriented private equity firm, has made a minority investment in the company. The capital will enable LiquidityBook to further scale its business and serve a broader array of fund managers and financial institutions through its industry-leading portfolio, order and execution management system (“POEMS”) platform.

Tuesday, April 13, 2021 - 17:43
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Financial IT
Former CFTC Chairman J. Christopher Giancarlo to Serve as Senior Advisor to Baton Systems

Baton Systems (“Baton”), a provider of post-trade solutions for capital markets, has named as Senior Advisor the Honorable J. Christopher (“Chris”) Giancarlo former Chairman of the United States Commodity Futures Trading Commission (CFTC). Giancarlo’s distinguished background will play a key role in supporting Baton’s mission to transform the post-trade payments and settlements ecosystem. 

Tuesday, April 13, 2021 - 17:36
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Financial IT
The Four Biggest Challenges Facing the Payments Industry Right Now

We all know that 2020 was an unusual and challenging year for everyone and as much as we would have all wished that things could have gone back to normal the second the clock struck midnight on the 31 December, that has unfortunately not been the case. Most industries and businesses continue to face a number of challenges, some carried over from last year and others new to 2021. The payments industry is no exception to this. In difficult times it is even more important to understand our key challenges, so we are able to manage and overcome them.

Tuesday, April 13, 2021 - 17:29
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Financial IT

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