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/payments

Wells Fargo launches AI-powered accounts receivables service

Wells Fargo & Company (NYSE: WFC) today announced the availability of Integrated Receivables, a new Accounts Receivable (AR) service that uses artificial intelligence, machine learning, and robotic processing to help simplify payment and remittance data capture, re-association, and invoice matching.

/crime

Smartsearch launches document verification system to combat money laundering

Leading UK anti-money laundering specialist SmartSearch has launched a new weapon in the ongoing fight against dirty cash being cleaned around the world through activity such as buying property.

/regulation

Clausematch launches compliance management programme

Global RegTech firm Clausematch officially announced today the launch of the Partnerships and Certification programme. The main goal of the programme is to create an end-to-end holistic solution and an ecosystem for a complete compliance process, as well as educate the market we're working with to get wider adoption of digital transformation.

/regulation

Mansfield Building Society taps Suade Labs for reg reporting

Award-winning RegTech firm Suade Labs, specialised in bridging the regulatory gap through modern technology, has recently added Mansfield Building Society to its client portfolio.

/cloud

State Street turns to cloud-based machine learning tech

State Street Corporation today announced it will implement a cloud-based, machine learning technology to transform private markets processing and document management.

/people

SumUp appoints new CTO

Global payments service provider SumUp is today announcing the appointment of its new CTO, with Visual Meta Co-Founder and former CTO, Johannes Schaback, taking up the role as of May 1st.

/regulation

Gemini chooses ComplyAdvantage AML tech

Today, ComplyAdvantage, a global data technology company transforming financial crime detection announced that Gemini, a leading crypto exchange and custodian selected ComplyAdvantage’s hyperscale platform for anti-money laundering risk management.

/markets

Liquidnet launches investment analytics suite

Liquidnet, the technology-driven global institutional investment network, today announced the official launch of its third business, Investment Analytics (IA).

/wholesale

Exactpro and Quod Financial collaborate on software testing

Exactpro, a leading software testing provider for financial market infrastructures, and Quod Financial, an innovator in multi-asset trading and automation, announce the next phase of their collaboration by implementing machine learning driven QA testing to Quod Financial's technology, reducing the overall complexity attached with modern testing systems.

/cloud

Aussie neo bank Volt partners with Microsoft

Microsoft today announced a strategic partnership with Australia’s first neobank, Volt, to develop “Volt 2.0” - a next-generation Banking as a Service (BaaS) platform, slated for release in 2021.

/covid-19

FS firms accelerating digital plans amid Covid 19: Broadridge

More than half of financial services companies plan to accelerate implementation of their next generation technology strategies, according to a new global survey of 500 financial services C-Suite executives and their direct reports released today by Broadridge Financial Solutions, Inc. (NYSE:BR), a global fintech leader

/wholesale

BNP Paribas heralds document automation milestone

BNP Paribas Securities Services, a leading global custodian with USD 10.6 trillion in assets under custody[1], has automated the processing of key asset servicing documentation, a major milestone in the bank’s digital transformation programme.

/wealth

Rise Wealth Technologies rebrands as Quantumrock

RISE Wealth Technologies, the Munich-based AI investment technology firm, has today unveiled a new name, new logo and a new website as part of an extensive rebranding initiative. The business is now known as Quantumrock.

/startups

Boosted.ai raises $8m

Boosted.ai, the leading distributed machine learning platform for global investment professionals, today announced the closing of an $8 million USD Series A financing round, led by Portag3 Ventures.

/cloud

Colt expands cloud offerings with Oracle FastConnect

Colt Technology Services, a leading provider of agile, high bandwidth connectivity solutions and a Gold level member of Oracle PartnerNetwork (OPN) today announced it will provide dedicated, private and on-demand access to Oracle Cloud through Oracle Cloud Infrastructure FastConnect.

/ai

Indata releases Architect AI Data Analytics

Indata, a leading industry provider of software, technology and managed services for buy-side firms, today announced the release of Architect AI Data Analytics, a SaaS (software-as-a-service) solution that provides investment managers with the ability to more easily aggregate data in order to provide enterprise-wide business intelligence reporting.

/Machine learning

Electra Reconciliation platform gets revamp

Electra Information Systems, Inc. (“Electra”), a leading provider of award-winning post-trade solutions for the buy-side investment management industry, has added new capabilities to its Electra Reconciliation platform to enable firms to expedite investigations by quickly identifying the root causes of trade breaks or exceptions.

/Machine learning

Consortium formed to push machine-readable trade language

A new consortium with a focus on General-purpose Legal Mark-up Language (GLML) has been created to facilitate automation in financial markets.

/ai

IHS Markit to double the number of companies covered by its Dividend Forecasting service

IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that it is using advanced analytics to more than double the number of companies covered by its Dividend Forecasting service.

/ai

ZestFinance and MeridianLink team on ML credit decisioning

ZestFinance, the leader in artificial intelligence (AI) software for credit, announced today its integration with MeridianLink®, the financial industry's leading multichannel loan and new account origination platform.

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