TIBCO Software Inc., a global leader in enterprise data, empowers its customers to connect, unify, and confidently predict business outcomes, solving the world's most complex data-driven challenges. Today, TIBCO announced the release of TIBCO® ModelOps, which enables businesses to deploy AI models faster, from anywhere to everywhere, safely and at scale. This addition to the company’s game-changing analytics portfolio helps customers simplify and scale cloud-based analytic model management, deployment, monitoring, and governance.
 

“While 92% of firms spent more overall on data science in 2021 compared to previous years, only 12.1% deployed it at scale1. To help organisations realise the value of their AI deployments, we’ve designed a system that puts self-service access to data science firmly in the hands of teams, including business users,” said Mark Palmer, senior vice president, of engineering, TIBCO. “This allows decision-making teams to choose the algorithm they want, work from any cloud service, and run it safely, securely, and at scale. This is a bold step to enabling business users to take AI out of the lab and out on the road.”

TIBCO ModelOps addresses the requirement for speed in deploying AI, and draws from TIBCO’s leadership in data science, data visualisation, and business intelligence. This aids AI teams in confronting critical deployment hurdles like ease-of-applying analytics to applications, identification and mitigation of bias, and transparency and manageability of an algorithm’s behaviour within business-critical applications. The solution enables businesses to deploy and manage model pipelines into production environments efficiently, and in robust ways. The TIBCO ModelOps solution is format-agnostic, supporting all common model formats, including API-based models in any cloud service or on-premises. TIBCO ModelOps makes it easy to add governed models to TIBCO Spotfire, TIBCO Data Virtualization, and TIBCO Streaming, with more to follow. Users looking to employ TIBCO ModelOps in existing environments can take advantage of its format-agnostic and open-standards approach.
 

The launch of TIBCO ModelOps is the culmination of TIBCO’s extensive work with customers and partners throughout the design and beta program of TIBCO ModelOps. “As the world’s second-largest memory chipmaker, we have aggressive growth goals as we expand our fabrication capacity. Optimising the yield of our processes, predicting when problems are about to occur, and fixing them before they occur, is a huge competitive advantage for us,” said InSoo Ryu, technical leader, SK Hynix. “The ability to quickly deploy, measure, and adjust models of any kind – machine learning models, python code, rules and more – is essential to our success. TIBCO ModelOps is the right platform to scale our data science efforts with a more governed, process-oriented approach to data science operationalisation.”

A recent survey of TIBCO customers confirmed that it's no longer uncommon for organisations to manage hundreds – even thousands – of analytic models and workflows. TIBCO ModelOps allows any authorised business user, data scientist, analyst, or IT user to manage and deploy thousands of models in production with complete governance and management capabilities. Users are able to deploy in the cloud or on-premises, highlighting model performance through built-in, customisable dashboards powered by Spotfire. With TIBCO ModelOps, clients can now move past the worry of unintended negative consequences of failed automation because of complex or poorly managed AI or rules-based models, making it safer to automate based on validated and secure AI models.

The Alternative Reference Rates Committee (ARRC) announced today that it has selected Refinitiv, an LSEG (London Stock Exchange Group) business, to publish its recommended spread adjustments and spread-adjusted rates for cash products, following a robust request for proposals (RFP) process. Refinitiv will publish ARRC-recommended spread adjustments to Secured Overnight Financing Rate (SOFR)-based rates and spread-adjusted SOFR-based rates for cash products that transition away from U.S. dollar (USD) LIBOR.

“We’re pleased to welcome Refinitiv as the ARRC’s preferred spread adjustment vendor, which will ensure that the ARRC’s recommended spread adjusted rates for cash products can be effectively accessed and implemented by all relevant market participants,” said Tom Wipf, ARRC Chairman and Vice Chairman of Institutional Securities at Morgan Stanley.

The recommended spread-adjusted fallback rates that Refinitiv will publish are for use in cash product contracts that contain ARRC-recommended fallback provisions to address instances where USD LIBOR ceases or is non-representative. In those instances, contracts that contain ARRC-recommended fallback provisions will switch to a spread-adjusted “fallback rate,” the rate that a contract indicates should be used if its base rate is not available. These are analogous to the fallback rates included in International Swaps and Derivatives Association’s IBOR protocol for derivative contracts. The recommended fallbacks for both derivatives and cash products referencing USD Libor will fall back to forms of SOFR plus the relevant fixed spread adjustment.

Refinitiv will provide the recommended fixed spreads and spread-adjusted rates for cash products that transition away from USD LIBOR to SOFR through the ARRC’s fallback provisions. Refinitiv will make the spreads and spread-adjusted rates readily accessible on a daily basis to the general public without cost.

“I am delighted Refinitiv is making this important contribution to the market's transition from USD LIBOR,” said David Craig, Group Head, Data & Analytics, CEO Refinitiv, LSEG. “The ARRC’s decision to choose Refinitiv builds upon our strong track-record in this area.”

Through this RFP process, the ARRC sought a provider that would publish the ARRC-recommended spreads and spread-adjusted rates for both consumer and commercial products as identified by the ARRC. A total of five firms submitted proposals in response to the RFP, each of which were evaluated against four key criteria areas:

• Technical: such as the technical capacity to provide spreads and rates reliably;
• Firm: such as the firm’s managerial capacity and organizational robustness;
• Public policy: such as how well the firm’s proposal aligned with public policy goals; and
• Communications: such as how the firm would plan to communicate around its launch of the spreads and rates and efforts to support adoption of the spreads and the rates.

A steering group comprised of ARRC members evaluated each proposal. All five proposals demonstrated that the submitting firms have a good understanding of the issues involved, the resources needed to deliver the product and an appreciation of the demands placed on a reference rate provider. Refinitiv’s proposal received the highest marks on the criteria above and was deemed the strongest overall.

• 12.07.2022 -- 01:05 pm

Eduardo Chazan is Founder and CEO of Collegia, the first pension provider in the UK to be authorised by the FCA to offer a pension that is both a personal and Auto Enrolment pension scheme.

He started his career as an analyst and interest rate trader in Brazil’s and Latin America’s largest investment bank. In 2015 Eduardo was invited to become the CFO of HomeRefill, an online supermarket that was both affordable and offered lower carbon footprint and reduced waste and by the end of 2016 was the top-5 app in Brazil’s Apple Store.

With an ambition to further his knowledge and extend experience to date, Eduardo decided to study an MBA at the University of Oxford. His time at Oxford coincided with the protests over the university pension schemes, and this was the eureka moment; the genesis of Collegia, designed from the ground up to be a pension provider and technology platform that’s fit for purpose for today’s employers and employees. 

Riccardo Gasparini is Founder and COO at Collegia.

In 2017, after managing complex projects for multinational FMCG companies across Europe and North Africa, he decided to take progress my career and personal ambitions by studying an MBA at the University of Oxford.

It was at Oxford that Riccardo was able to further his passion in looking at the issues surrounding pensions and retirement. Specifically, he was appalled at the paucity of technology used to access, understand, and value environmental benefits in a pension.

He cofounded Collegia to address these issues. In a very short time, we have achieved significant regulatory change and our mission is gathering strength – to allow all employees, whatever their status, to access a single pension and related benefits.

Recognise Bank, the fintech-powered business lender and savings provider,  has partnered with TruNarrative, a LexisNexis® Risk Solutions company, to completely transform the onboarding process for its SME business lending customers. 

The Bank, which received its full authorisation in September 2021, is a digital bank created for the  UK’s 5.5million SMEs, combining a national network of relationship managers with cloud-based banking technology to provide quick decisions and faster access to funds. 

Recognise Bank’s infrastructure was built to harness the very best API-based fintech available to make it flexible and easy to scale, supporting the rapid development of new products and improvements to customer service. 

The LexisNexis® RiskNarrative™ platform will further speed up the onboarding of new business borrowers by digitising a wide range of anti-money laundering and know-your-customer processes,  some of which were previously carried out manually. 

The RiskNarrative™ platform is used by banks, lenders, e-commerce providers, and payments services firms to confidently onboard customers, detect fraud and identify risk via a single API. 

With more than 1,200 companies nominated and over 18,000 votes cast, Salt Edge was chosen as a member of this year’s prestigious fintech influencers list.

The Fintech Power 50, a list of the 40 most innovative companies and 10 visionary personalities shaping the financial services industry, has been revealed for 2022, during the Fintech Week London. The exclusive annual program acts as a hub for driving change and creativity in the financial services industry, helping the sector innovate and grow. 

This year’s chosen 50 were revealed live on stage during Fintech Week London, the city’s most prominent tech and finance event. 

"The Fintech Power 50 annual list acts as a much-needed reminder of all the great things we are achieving in the world of financial technology and shines a spotlight on those who are transforming financial services for the better. It’s fantastic to be here at Fintech Week London to announce this year’s fabulous 50. Our prestigious guide continues to go from strength to strength with a record number of nominations and votes for fintechs based across the globe." - Mark Walker, Co-founder and COO of The Fintech Power 50 

Salt Edge is a financial API platform with PSD2 and open banking solutions for every business, which has always aimed to help as many as possible companies to benefit from open banking.

"Having been shortlisted by The Fintech Power 50 as one of the most innovative companies, among other great fintechs, implies first of all industry recognition – which means a lot for Salt Edge because we’ve worked really hard to build a global open banking platform accessible for every business. We’re looking forward to being part of such a great industry-leading group, and collaborating hand in hand toward a better financial world." - Iulian Mitrea, Business Development Manager at Salt Edge

The Fintech Power 50 includes some of the most inspirational, thought-provoking, and thoroughly knowledgeable people in the global financial services industry, including Ghela Boskovich, a leading expert on banking regulatory and innovation matters, Chris Skinner, a renowned independent commentator on the financial markets, Dr. Leda Glyptis, Chief Client Officer at 10x Future Technologies, and trailblazing companies on this year’s list being Weavr, SmartStream, Citizen, and others. 

TWBS Limited, a European prepaid payments software start-up, today announced a partnership with Razer, the world’s leading lifestyle brand for Gamers, to make Razer Gold widely available for purchase online and in-store throughout Europe soon. Under the terms of the agreement, TWBS will develop, launch, and manage the entire Razer Gold e-Voucher service in the European Economic Area and the UK.

Razer Gold is a virtual credit, used to buy games, DLC, online services and In-game items for prominent game publishers and platforms including Tencent, PlayStation, Xbox, Activision-Blizzard, and many others. The European Razer Gold program allows customers to purchase Razer Gold eVouchers online via the Razer website and authorized third-party online resellers. This is also the first time that Razer Gold will be available to buy in person, at more than 300,000 physical locations in Europe, including supermarkets, petrol stations and newsagents.

Funanga AG, a Berlin-based prepaid payments specialist, will be TWBS’ designated technical partner for in-store cash sales of the Razer Gold eVoucher. Funanga’s Point of Sale (POS) partner network includes leading POS providers such as epay across EEA and Payzone in Ireland.

Razer understands the needs of the gaming community and has always been known for innovative services and superior products. It has now worked with TWBS to build a convenient, innovative, and safe payments platform for all gamers. The service was designed to be available wherever gamers play. It is integrated into Razer’s whole gaming ecosystem, across multiple platforms, consoles, applications, and streaming channels – as well as available to buy in person for the first time.

Jens Bader, TWBS Co-Founder and ex-CCO at Paysafecard, Trust Payments and founder of MuchBetter commented on the news: “Razer is a landmark first deal for TWBS and a signal of intent for this new company. We have created a robust and highly innovative prepaid payment program that works across the EEA’s fractured payments market and its myriad payment regulations. The team has developed a bespoke, multi-channel solution which brings online and offline channels together seamlessly. Our holistic solution includes automated onboarding of partners and covers all the technology, distribution channels and third-party touchpoints involved. This is all managed by TWBS.”

“The Razer brand is synonymous with superior gaming products, and is trusted by everyday gamers, streamers and esports professionals alike,” said Marco Chillon, Head of Razer Gold EMEA. “We were looking for a payment and technology partner who was able to create a product for us in the same vein, and ticks all the right boxes, to make secure, easy to use and compliant payment solutions for gamers by Razer available across all European markets.”

The exact launch date of these Razer Gold services in the European Economic Area and the UK will be announced soon.

Planixs, the leading provider of real-time cash, collateral and liquidity management solutions to global financial services firms, is delighted to announce that it has won the FinTech of the Year award at the European FinTech Awards 2022 (RegTech category).

The award recognises Planixs as the market leader in the European RegTech space and its real-time treasury software, Realiti®, as the most innovative regulatory solution in Europe. This recognition marks a hattrick of wins over the last 12 months with Planixs winning RegTech of the Year in the US awards in 2021, RegTech of the Year 2022 in the recent UK awards, and now, as the number one RegTech in Europe completing the full sweep and cementing its position as the global leader.

Founded in 2011, Planixs works with some of the world’s most prestigious global financial institutions such as Santander, Allied Irish Bank, Deutsche Bank, Scotiabank, SIX Group, Banque Internationale à Luxembourg (BIL), Landesbank Baden-Württemberg (LBBW), Lloyds Banking Group, FBN Bank and Zenith Bank, in helping them manage their cash and liquidity and address regulatory challenges.

Realiti provides firms with instant, real-time visibility and insight, allowing them to optimise their cash and liquidity and comply with regulatory requirements. With Realiti, organisations can ensure they meet global regulations including the European Banking Authority, UK PRA and FED requirements. The solution also incorporates stress testing capabilities, allowing banking firms to apply a range of stress scenarios in order to understand, monitor and prepare to mitigate any intraday liquidity stresses and to help size liquidity buffers.

Realiti is pivotal in driving operational savings and improving risk management for banks and financial institutions by ensuring they gain real-time liquidity control and ensure regulatory compliance.

The European FinTech Awards, organised by FinTech Intel to celebrate the achievements of the best and brightest FinTech firms, was held on 7th July in London, with Planixs selected as the winner by an independent panel of judges. In announcing the award, the judges commented that “Planixs is serving a crucial market and supports the sustainability of wider financial services – it’s a fantastic fintech.”

Neville Roberts, Planixs’ CEO commented, “We are extremely delighted and very proud to be named the European RegTech of the Year. We have many banking customers across Europe and understand the stringent regulations that banks need to adhere to. Our Realiti solution provides our customers with real-time insight across all their data to ensure regulatory compliance over their cash, collateral and liquidity operations. Being named the leading RegTech in the US, UK and Europe is such an honour and further helps us cement our position as the number one global RegTech provider.”

Simpl, India’s leading checkout network, today announced the appointment of Somansh Kumar as Director of Platform Integrations. Through this key appointment, Simpl aims to drive merchant quality and their onboarding experience.

As the Director of Platform Integrations, Mr. Kumar’s responsibilities include leading the integrations’ charter for Simpl’s 20k and growing merchant partners. He will especially drive merchant quality and their onboarding experience with a laser-sharp focus on integration lifecycle management and post-integration support.

Commenting on the appointment, Mr. Nitya Sharma, CEO & Co-Founder – Simpl, said, “Somansh’s deep experience with cross-functional expertise in technology, solutions and consulting is perfect for Simpl’s growth. We are delighted that he has come on board to help us enhance the unique power of Simpl.”

“I am humbled to be a part of a very energetic and competent leadership at Simpl. I believe there is a massive opportunity for Simpl to overhaul business processes and enhance its merchant experience. To optimise business growth, I will be leveraging digital enablers and create distinctive models and modify existing business processes with new-age technologies,” said Somansh Kumar, Director - Platform Integrations - Simpl.

Before joining Simpl, Somansh worked with Kuliza Technologies, HCL Technologies Infrastructure Services Division) and McAfee India. He has cross-functional expertise in various fields including technology, presales, solution architecture, and consulting.