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Thomson Reuters Harnesses Artificial Intelligence to Filter Media Content in Fight against Financial Crime

World-Check One’s Media Check helps prioritise media content most relevant to Anti-Money Laundering/Know Your Customer compliance Thomson Reuters has enhanced its World-Check One platform with the launch of Media Check, a unique media screening and processing feature powered by artificial intelligence (AI) that helps address the regulatory and reputational consequences of overlooking key data in the fight against financial crime. Media ... Read More »

The Impact of Cybercrime on UK Business

Figures published by the government in 2017 revealed that almost half of all UK firms were hit by a cyber breach or attack in the previous year. Business leaders must be fully prepared in the increasingly complicated fight against breaches of data, hacking and phishing scams. The number of attacks is rising each year, and it has been estimated that online ... Read More »

Creditsafe Joins FSQS Supplier Register

Creditsafe has been awarded registered status on the FSQS supplier qualification system for the financial sector. As the common register of standardised, validated, structured and comprehensive vendor and third-party information, FSQS provides a safe and efficient way to manage compliance and assurance data.  Currently, 13 major financial organisations use the FSQS system, including; Santander, TSB, Lloyds Banking Group, Nationwide, Metro ... Read More »

Australian Risk Climate: SMEs Riskiest after Four Years in Business

Equifax recently urged Small and Medium Enterprises to keep a closer eye on finances as they approach their four-year milestone Small and Medium Enterprises (SMEs) approaching their four-year anniversary[1] are entering the highest-risk period for business failure and should take extra steps to protect their business from financial stress, according to newly released data from Equifax, the global information solutions ... Read More »

Avatec.ai (S) Pte Ltd Joint Venture Formed to Upgrade Credit Assessment in ASIA

UOB and PINTEC join forces to make it smarter and faster for companies to extend credit with next-generation digital credit assessment solution United Overseas Bank Limited (UOB) and Pintec Technology Holdings Limited (PINTEC) announced the launch of their joint venture, Avatec.ai (S) Pte Ltd (Avatec). Avatec aims to help banks and finance companies to be more efficient and more accurate ... Read More »

S&P Global Market Intelligence / Kensho / Crunchbase as the Go-to Resource for Private Company Data

S&P Global’s Acquisition of Kensho Technologies Hits Early Milestone; Expands Private Company Data Offering to Clients Collaboration with Crunchbase enhances S&P Global Market Intelligence’s position as the go-to resource for private company data S&P Global (NYSE: SPGI) announced today that the Company has hit an exciting milestone in an alternative data linking project in collaboration with Kensho Technologies Inc. (“Kensho”), acquired by SPGI ... Read More »

US-based Fintech Firm TALA Moves into India

California-based fintech company Tala said that it is bringing its lending app to India. This expansion was announced along with a new $50 million Series C funding led by Revolution Growth its operations in the country which is already in progress. The company said in its statement that it also recently raised an additional $15 million to power its loan ... Read More »

KSV1870 Appoints Gerhard Wagner Managing Director of KSV1870 Information GmbH

Gerhard Wagner (55) was appointed Managing Director of KSV1870 Information GmbH on April 1, 2018. He succeeds Roland Führer, who continues his career as Head of Region North and Head of Location Linz. Wagner will henceforth be responsible for the strategic direction of the KSV1870 Corporate and Private Information business units and will lead the company through the digital transformation in coordination ... Read More »

FICO at Lendit Fintech USA

FICO’s Dave Shellenberger attended LendIt Fintech USA, a leading event discussing financial services innovation.  Here are his comments: Some of the top thought leaders in banking, finance, artificial intelligence, machine learning, and credit risk came together in San Francisco to discuss the key trends and innovations in our industry.  The FICO team was excited to lead the Financial Inclusion track that focused on ... Read More »

Australia: Equifax Report Looks at Alternative Finance Lenders

Demand for new alternative finance increased 130 per cent in H2 2017[1], compared with the same period the previous year, according to newly released data from Equifax, the global information solutions company and the leading provider of credit information and analysis in Australia and New Zealand. Released recently, Equifax’s inaugural state of the nation report looks at Alternative Finance Lenders, ... Read More »

Cyber Security Advice For SMEs

Cyber Crime can ruin your business and a potential bankruptcy can ruin your access to financial inclusion!  Here is what BIIA contributing editor Alfred Rolington has to say about protecting SME businesses: Synopsis We are at the beginning of an electronic revolution that like earlier industrial revolutions will substantially alter and change our society, the way we live, our engagement with ... Read More »