FICO offers safety tips for cardholders
- 7 years 12 months ago
- Banking, Security
There was a 10 percent increase in the number of payment cards compromised at U.S. ATMs and merchants in 2017, Silicon Valley analytic software firm FICO reported today. The number of compromised card readers at U.S. ATMs, restaurants and merchants rose 8 percent in 2017.
Atom bank raises £149m in latest fundraising round
- 7 years 12 months ago
- Banking, FinTech StartUps
Durham-based Atom bank has raised £149m in a round led by cornerstone investors BBVA and Toscafund. As part of this fundraising round BBVA will invest a further £85.4m in the 5-star rated (Trustpilot) bank, increasing its ownership to around 39% subject to regulatory and shareholder approval. Toscafund will invest £54.4m and is also increasing its stake in the bank. A number of Atom’s other existing shareholders are also supporting this raise.
Ocado launches AI-based fraud detection system for online orders powered by Google Cloud
- 7 years 12 months ago
- Artificial Intelligence, Security, Data Protection, Fraud Detection
Today Ocado Technology (the technology division of Ocado, the world's largest online only supermarket) is revealing the world's first AI-based fraud detection system for online grocery purchases. The new system relies on an advanced machine learning algorithm developed by Ocado Technology using TensorFlow and the power of Google Cloud.
VST Enterprises founder named Science and Tech Ambassador to Zimbabwe Government
- 7 years 12 months ago
- People Moves
Hon. Louis-James Davis, founder and CEO of Manchester-based consumer technology and security company, VST Enterprises, has been named as the new Science and Technology Ambassador to the Zimbabwean Government.
BNP Paribas Personal Finance streamlines customer communications with OpenText
- 7 years 12 months ago
- Infrastructure
OpenText™ (NASDAQ: OTEX, TSX: OTEX), the global leader in Enterprise Information Management (EIM), today announced that BNP Paribas Personal Finance, a subsidiary of the BNP Paribas Group specialising in consumer credit and mortgage lending, is using OpenText Exstream to assist in streamlining all of its communications flows exchanged with its customers.
SME Development Bank Malaysia Berhad Chooses Wolters Kluwer’s OneSumX for IFRS 9
- 7 years 12 months ago
- Risk Management
SME Development Bank Malaysia Berhad (SME Bank), the country’s development financial institution, has chosen Wolters Kluwer’s OneSumX to provide its software for managing International Financial Reporting Standard (IFRS) 9. The accounting standard replaces the IAS 39 standard and came into effect at the start of the year. It addresses classification and measurement, impairment methodology and hedge accounting.
NeoXam to support UOB’s FRTB and BCBS239 market data requirements
- 7 years 12 months ago
- Data Management
Today, NeoXam, a leading financial technology company, announces that it has been selected by United Overseas Bank (UOB) in Singapore to support its group wide market data management efforts in line with incoming regulations, such as FRTB (Fundamental Review of the Trading Book) and BCBS239 (Risk Data Aggregation and Reporting).
500+ Claims Executives Join the Innovation Revolution in Chicago at the Connected Claims USA Summit
- 7 years 12 months ago
- Infrastructure
More than 500 attendees are scheduled to meet in Chicago for the Connected Claims USA Summit, run by Insurance Nexus on May 21st & 22nd at the Sheraton Grand. The only conference dedicated to claims technology and innovation, keynote speakers include Ken Rosen, EVP and Chief Claims Officer, Allstate; Keith Daly, EVP and Chief Claims Officer, Farmers Insurance and BJ Treese, Managing Director for Emerging Property Products, Travelers.
Infosys opens Indianapolis technology and innovation hub
- 7 years 12 months ago
- IT Innovations, Infrastructure
Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today inaugurated its flagship technology and innovation hub in Indianapolis. In addition, the company announced that it has hired more than 2,500 American workers over the past year as part of its ongoing commitment to accelerate innovation for American enterprises.
Callsign wins competitive London heats of NTT DATA Open Innovation Contest 2018
- 7 years 12 months ago
- FinTech StartUps, IT Innovations
Callsign has beaten 10 other start-ups to win the London stage of NTT DATA’s 2018 Global Open Innovation Contest, and its team will now fly to Tokyo, Japan to compete against entrepreneurs from around the world in the competition’s Grand Finale. Contestants will be competing for the chance to win a three-month in-kind contribution to support the development of their proposed new business, and an opportunity to break into the highly innovative...
FinTech in South Africa: Accelerating the Digital Transformation of Banking & Financial Services
- 7 years 12 months ago
- FinTech StartUps, IT Innovations
Africa’s financial services landscape continues its dynamic evolution as the rapid growth of FinTech on the continent drives both the disruption and leapfrogging of legacy systems and further accelerates the digital transformation of financial services. In South Africa, the major banks are rapidly ramping-up their own innovation strategies and collaborating with new game-changing start-ups to drive efficiencies, make digital profitable and...
Finastra and Microsoft form strategic alliance to shape future of financial services software
- 7 years 12 months ago
- Cloud
Finastra and Microsoft have formed a strategic alliance to deliver secure, flexible and cost effective financial services cloud solutions. As part of the alliance, Microsoft Azure, Microsoft’s enterprise-ready trusted cloud platform, will underpin FusionFabric.cloud as Finastra’s strategic cloud platform. In addition, Finastra will launch a selection of its global payments and retail banking products on Azure over the course of this year.
ABN AMRO Chooses Wolters Kluwer and SAS to Integrate Finance, Risk and Reporting to Meet Regulatory Compliance
- 7 years 12 months ago
- Risk Management
ABN AMRO, the third largest bank in the Netherlands with more than 22,000 employees, has chosen Wolters Kluwer and SAS to provide a truly integrated finance, risk and regulatory reporting software solution. The implementation of the software is part of the bank’s major transformation project, the Finance and Risk Architecture Alignment Initiative (FRAAI), which is designed to better meet increasing requests internally as well as from regulatory...
State Street Launches Suite of Investable Indices
- 7 years 12 months ago
- Investment Management
State Street Corporation (NYSE: STT) today announced it has developed and begun licensing a suite of rules-based investment strategies, or Investable Indices, for institutional investors. “This is not smart beta or thematic investing,” said Will Kinlaw, head of research and advisory for State Street Global ExchangeSM. “These investable indices represent a new phase of dynamic investing. We’re packaging an active strategy in rules-driven index,...
Meniga takes enriched transactions to the next level
- 7 years 12 months ago
- Payments, Banking
Today at Finovate Europe 2018, Meniga, the global leader of white-label digital banking solutions and three-time Finovate winner, presented its latest personal finance innovation that encourages banks to branch out from the familiar digital banking customer experience.
