A recent survey conducted by next-generation reconciliation software specialists, Aurum Solutions, and international market research agency, OnePoll, has revealed crucial insights into the prevailing concerns and perceptions surrounding digital acceleration, the impact of AI on job roles and what a changing political landscape will mean for fintech in the UK. Over 100 chief financial officers and senior […]
Dr. Tom James, CEO of TradeFlow stated: “TradeFlow is pleased to start 2024 with this announcement that testifies to our strong focus on digital innovation and the digital economy. Working with the Obligate team to launch a bond through their platform further highlights the commercial efficiencies that can be achieved by leveraging Blockchain technology for […]
External fraud has entered the ORX Top 5 operational risks table, above business continuity and regulatory compliance. AI has been cited as key to driving this increase, as it fuels more sophisticated and harder to detect fraud schemes, successful at bypassing controls. The findings were published in a report from ORX, the world’s largest operational […]
Are the banks becoming more transparent and responsible in their approach to AI? As the drive towards greater regulation and oversight of AI gathers pace, new insight from independent AI intelligence platform Evident suggests so. The latest Evident AI Index, which analyses 50 of the world’s largest banks across a range of AI Transparency criteria, reveals that the […]
Having become more readily available, generative AI has captured the public’s attention and sparked concerns around its accuracy and bias. Global analytics software leader FICO is highlighting that all data is biased, and when it is used to build AI appropriate interpretable machine learning, algorithms and guardrails need to be employed. “As the power of […]
International SME financier Bibby Financial Services (BFS) has announced a key strategic investment in Alfa’s preconfigured technology platform for asset finance, Alfa Start. BFS has selected Alfa to improve outcomes for clients and colleagues alike, as it continues to grow and thrive. Both Bibby Asset Finance and BFS Marine Finance divisions will fully migrate to […]
American Express continues its UK growth momentum with further high-profile businesses from a range of sectors joining the network. Taken together, these merchant signings represent thousands of new places that now accept American Express Card payments. In the retail sector, American Express has signed acceptance agreements with discount retailer Savers, which operates around 500 stores […]
PwC has announced a strategic alliance with Engine by Starling, the software-as-a-service (SaaS) subsidiary of Starling Bank, the UK digital bank. The alliance positions PwC as the first strategic implementation partner of this next-generation banking platform, and will enable the professional services firm to enhance its digital banking offering to clients in multiple regions around […]
CODIX, a global software provider, has entered a strategic partnership with Lenvi, a fintech specialising in B2B consumer and commercial lending software and solutions. This collaboration aims to empower finance firms and fintech companies in identifying fraud trends and meeting compliance requirements. By integrating Lenvi’s Riskfactor into CODIX’s all-in-one commercial finance solution, iMX, the goal […]
AI is dominating the headlines, with reports naming artificial intelligence as the biggest spend for nearly half of top tech businesses across the economy; a signal of just how much the AI boom is spreading. However, it’s not only the tech industry utilising this software, and the use of AI across all sectors is at […]
