Kofax announced the availability of Kofax Perceptive AP Invoice Approval 2.0, an invoice approval solution designed to better automate end-to-end accounts payable processes. The solution streamlines the invoice approval process via a mobile-optimised interface usable on any device via responsive web design. With this release, the AP Invoice Approval app now includes GL (general ledger) coding which enables users to easily allocate and validate costs outside the ERP and accelerate approval routing. 

 AP Invoice Approval features a zero-footprint HTML5 interface that adapts to any mobile or desktop device with equivalent functionality and integrates seamlessly with Perceptive AP Automation. The addition of GL coding allows users to select or edit GL codes and receive real-time validation and feedback to ensure fewer workflow errors. It also reduces approval times, enhances cost tracking, and preserves an audit trail.

Additional features include Single Sign On (SSO) to simplify the authentication process, Secure Sockets Layer (SSL) for providing a secure connection for end users outside the network, and integration of “Out of Office” status updates to reroute requests for alternative approval and decreased processing times.

"Perceptive AP Invoice Approval 2.0 demonstrates our continued commitment to automating end-to-end accounts payable operations. With AP Invoice Approval, we are transforming the standard, yet often frustrating, act of approving invoices into an effortless experience that adds tremendous value to finance and accounting teams," said Reynolds C. Bish, Chief Executive Officer of Kofax. “Additional functionality, including the mobile-optimised interface, gives users and IT the tools they need to perform their jobs more productively, leading to improved vendor relations and organisational efficiency.”

Axway announced the all-cash acquisition of Syncplicity, a leading enterprise file sync and share (EFSS) solution that provides users with the experience and tools they need for secure collaboration. With the acquisition of Syncplicity, Axway will be able to further enhance the Axway AMPLIFY™ platform to transform the way modern enterprises collaborate and innovate across digital ecosystems and further heighten engagement with customers, employees and partners

Syncplicity, located in the heart of Silicon Valley, was founded in 2007 and was owned by global investment firm Skyview Capital. More than 25,000 businesses and individuals across a wide variety of verticals rely on Syncplicity’s enterprise-grade file sync and share solutions to get more business value from their data within applications, databases or files, whether stored on-premise or in private or public clouds. 

“As businesses continue to collaborate using cloud-based tools, it’s imperative that file exchanges and synchronization between individuals is a secure and seamless experience,” said Jean-Marc Lazzari, CEO at Axway. “Together, Axway and Syncplicity will create a one stop shop for digital shared services.”

“Syncplicity’s EFSS expertise and product excellence will complement Axway MFT solutions perfectly by encouraging and supporting greater collaboration among employees, partners and customers,” said Jonathan Huberman, CEO at Syncplicity. “The Syncplicity team is proud to join Axway to create the best possible outcomes for our customers.”

The details of the transaction are not made public.

Moneyfarm, one of the leading digital wealth management companies, today reports a 16% month-on-month average increase. As well as, another new senior hire, as it celebrates its one-year anniversary of launching in the UK.

After having arrived in the UK, Moneyfarm has doubled its number of employees and now boasts an 80-strong team. Most recently, Scott Gallacher joins the team as Moneyfarm’s Chief Commercial Officer, following December’s announcement of both Paolo Savini Nicci as Chief Financial Officer and Richard Flax as Chief Investment Officer.

Gallacher joins Moneyfarm with over 20 years of experience - working with the likes of Facebook, Sky and American Express, Scott has helped to grow some of the world’s best-known brands. At the Department of Work and Pensions, he saw first-hand the power that strong financial services products can have over the willingness of individuals to save more and provide for their future. At Moneyfarm, Gallacher is responsible for ensuring that the consumer remains at the heart of everything as the company enters its next phase of growth.

Moneyfarm’s customers, which have grown by close to 150% over the last year, are each aligned with an investment portfolio based on their investor profile. The model portfolios on which these are based have all enjoyed positive performance since launch - ranging from 4.7%-21.5%. The balanced portfolio achieved 15.7% compared to the ARC benchmark which achieved 10.9% with a comparable risk profile.

In September 2016, Moneyfarm also announced a strategic investment from Allianz - testament to the progress the company has made in the fast-growing digital wealth management sector.

Moneyfarm has since worked with global money app Revolut, creating an offer that activated users across both platforms. And just last week it announced a new partnership with ride-hailing app Uber which will provide its partner-drivers access to pension and ISA products for the first time in the UK.

Euclid Opportunities, NEX Group’s financial technology investment entity, unveils today that it has made a strategic investment in RSRCHXchange. This is a cloud-based marketplace and MiFID II workflow solution for accessing institutional research. The investment will enable RSRCHXchange to continue to extend its global footprint and accelerate growth. Terms of the investment are not disclosed. 

RSRCHXchange launched RSRCHX, its marketplace, and MiFID II workflow solution for institutional research in 2014, in anticipation of the unbundling rules, which come into force in January 2018. A technology driven solution, RSRCHX dramatically improves the way financial institutions manage and consume research, and is used by more than 1,000 asset management firms and around 190 bank, broker and boutique research providers. The marketplace enables asset managers to consume, purchase and monitor research in one purpose-built solution, which tracks firm-wide consumption, improves the procurement process and ultimately ensures MiFID II compliance.  

RSRCHXchange is the latest company to join the Euclid Opportunities portfolio. Through Euclid Opportunities, NEX strategically invests in exceptional financial technology companies that are transforming capital markets. Other Euclid Opportunities investments include: Abide Financial, ENSO Financial, OpenFin, Duco and OpenGamma.

Michael McFadgen, Managing Director at Euclid Opportunities, comments that MiFID II research unbundling is a key challenge for our clients and the wider market in 2017. RSRCHXchange is bringing next generation technology to solve a complex regulatory challenge while allowing both providers and consumers of research to extract greater value from content. The business has made amazing progress thus far and we’re delighted to bring our capital, operational expertise, and networks to help scale the business globally. 

Vicky Sanders, Co-Founder, RSRCHXchange also expressed her excitement to have received investment from Euclid Opportunities, who have a proven track record of investing and growing innovative FinTech firms. Their investment is testament to our business model and comes at a time of great momentum for our RSRCHX platform. We look forward to Euclid’s support well beyond the implementation of MiFID II, to achieve our growth ambitions for the future.

Gemalto, the leading digital security provider, invites visitors to Mobile World Congress 2017 to find out how the Internet of Things (IoT) is turned into the Internet of Trusted Things (IoTT).  

By combining advanced encryption techniques with robust identity management, Gemalto protects sensitive data in devices along with the cloud. In addition, it builds confidence in applications such as smart cities, the connected car, and consumer products.  

Guests on the Gemalto stand will learn more about the company's Turning Things On campaign, which showcases the ability of its On-Demand Connectivity solution to enable seamless customer journeys. Examples include allowing end users to choose and download a subscription plan for their new tablet, straight from the box. Gemalto is also demonstrating online enrollment and registration procedures, with the customer simply sending the service provider a digital photo of their ID or passport, along with a 'selfie' for biometric confirmation. Furthermore, customer selfies can now be used to facilitate swift and secure transactions, direct from a smartphone. 

Gemalto's experts will demonstrate how these novel technologies are combined to meet the demands of new mobility services in the changing automotive ecosystem. In a digital car share use case, the end user can select their vehicle, confirm identity and license status, and make the necessary mobile payment. A virtual key is downloaded to the handset, and the car unlocked with the user's fingerprint. In addition, this digital identity automatically configures the car to the individual's preferred settings, such as enabling the seamless activation of a Wi-Fi subscription for the duration of the hire. Innovative and secured solutions that bring the concept of the smart city to life will also be showcased, including a new breed of IoT-enabled street light that embeds functions ranging from electric vehicle charging to intelligent shopper footfall measurement. 

• 23.02.2017 -- 07:40 am

Financial IT speaks with token at Finovate Europe 2017