Blog - Page 193 of 1285

Mizuho International Taps SymphonyAI to Bolster AML

By Julie Muhn (@julieschicktanz) Posted on February 21, 2023
Categories: Daily news

Mizuho International selected SymphonyAI's Sensa to enhance AML detection within its European Capital Markets Division.Sensa's machine learning models-- including changes in behavior, risk similarities, anomaly detection, and hotspot identification-- help organizations detect money laundering activity.Sensa operates under SymphonyAI, which acquired the company in 2019. Mizuho International selected SymphonyAI's Sensa to bolster its fight against Anti-Money Laundering (AML). Specifically, the London-based securities and investment banking arm of Mizuho Financial Group will use Sensa to enhance AML detection within its European Capital Markets Division. Sensa leverages advanced machine learning models that include changes in behavior, risk similarities, anomaly detection, and hotspot identification. The company combines these models with its set of scenario rules to help firms detect money laundering risk. With 46 patents and $100 million in research and development, Sensa's technology won Aite-Novarica Group's 2021 Fraud & AML Impact Innovation Award and is a top 10 DARPA innovation. The company was…

Breaking Barriers: FinovateEurope’s Women in Fintech Breakfast Briefing

The number of female entrepreneurs and founders in fintech and financial services has grown significantly in recent years. Nevertheless, there is still some distance between where we are now and the kind of gender-neutral future that so many are fighting for. As of 2019 women in finance are better represented in many C-suite leadership positions - including CIO, CTO, CMO, and CHRO - than they are in most other industries. Only in the CEO and CFO roles does female representation lag behind that of other industries. Overall, according to analysis by Korn Ferry, women in finance have outperformed their peers in other industries in achieving executive leadership - and it's not especially close. At the same time, according to the Global Gender Gap Report published by the World Economic Forum, women make up more than 50% of the entry-level finance workforce in the United States. Yet only 6% of the…

Submit Your Nominations for Banking Tech Awards USA

By Lili Nguyen Posted on February 21, 2023
Categories: Fintech

Due to the success of the first Banking Tech Awards USA held in May last year, the awards will be returning for 2023! The Banking Tech Awards USA are brought to you by FinTech Futures, the global intelligence platform for financial services technology. Nominations for the 2023 awards are now open – the extended deadline is 24 February. Start your nomination today! So if you have a project, colleague, or team in the U.S. that deserves recognition, then make sure to submit a nomination today! Nominations are open to organizations based anywhere in the world as long as the project, individual, or team is located in the United States. The awards are open to banks, other financial institutions, and software providers. There are over 30 categories to choose from, including the Banking Tech Project Awards for banks and financial institutions, Excellence in Tech Awards for technology services and software providers,…

FinovateEurope 2023 Sneak Peek: Connect Earth

By Madeline Clines Posted on February 21, 2023
Categories: Connect Earth, FinovateEurope 2023, FinovateEurope 2023 Sneak Peek

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. Connect Earth supports financial institutions in offering customers transparent insights into the climate impact of daily spending. Features Includes carbon emissions data estimates for every spend-based transactionProvides calculations with maximum granularityDelivers actionable insights and tips to put knowledge into practice Why it's great Every transaction is a climate transaction. Financial services can be a catalyst for change. Presenter Alexander Lempka, Co-Founder & CEOIn 2021, Lempka co-founded Connect Earth by combining his experience in fintech with his passion for sustainability.LinkedIn

FinovateEurope 2023 Sneak Peek: SESAMm

By Madeline Clines Posted on February 21, 2023
Categories: FinovateEurope 2023, FinovateEurope 2023 Sneak Peek, SESAMm

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. SESAMm is a fintech company specializing in big data and artificial intelligence. It provides analytics and investment signals from over 20B web data points using NLP. Features Broad coverage: includes 20B articles covering 5M public and private companiesTimeliness: provides near-live web dataTransparency and expertise: delivers detailed alerts and 90 pre-built ESG risk categories Why it's great TextReveal® Alerts & Monitoring helps companies keep track of potential controversies and positive-impact events on companies of interest. Presenter Sylvain Forté, CEOForté is the CEO & Co-Founder of SESAMm. His passion for artificial intelligence and finance led him to create SESAMm in 2014. Forté holds a double degree in engineering from Germany and France.LinkedIn

FinovateEurope 2023 Sneak Peek: Little Blocks

By Madeline Clines Posted on February 21, 2023
Categories: FinovateEurope 2023, FinovateEurope 2023 Sneak Peek, Little Blocks

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. Little Blocks is a fintech platform for SMB manufacturers. It facilitates access to risk capital for machinery purchases by leveraging industrial IoT data and blockchain technology. Features Risk capital – repayments linked to machine usageIndustrial IoT data on blockchain – single source of truthMachine tokenization – distributed digital ownership Why it's great Invest in a machine, why just lend? Little Blocks is a technology platform designed to build trust for SME manufacturers - trust unlocks value and enhances investor return. Presenter Hanu Panchakarla, Co-Founder & CEOPanchakarla comes with over 15 years of experience in finance and technology during which he worked with Bank of America and several technology startups in India. He is an alumnus of IIT Madras and a CFA.LinkedIn

FinovateEurope 2023 Sneak Peek: Refine Intelligence

By Madeline Clines Posted on February 21, 2023
Categories: FinovateEurope 2023, FinovateEurope 2023 Sneak Peek, Refine Intelligence

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. Refine Intelligence is transforming AML by ‘catching the good guys’ using AI to automatically identify the life stories behind anomalous transactions. Features Explains 80% of alerts in minutesDelivers 90% reduction in triage timeProvides clear evidence, consistency and explainability Why it's great By 'catching the good guys' in anti-money laundering, companies identify their customer’s life stories, keeping customers happy and saving the bank time and money. Presenters Uri Rivner, CEORivner is a technology innovator who has been fighting fraud and financial crime for decades. He founded Refine Intelligence to disrupt the current paradigm.LinkedIn Gillie Natra, Product ManagerNatra is a talented visual communicator and user experience expert. She is the Product Manager at Refine Intelligence, an innovative company in anti-money laundering.LinkedIn

Payoneer Earns E-Money License from the U.K.’s FCA

By Julie Muhn (@julieschicktanz) Posted on February 17, 2023
Categories: Alumni News, Daily news, Payoneer

Payoneer received its e-money license from the U.K. Financial Conduct Authority.The license will enable the digital commerce company to continue serving its U.K.-based customers.Having earned the license, Payoneer now plans to grow its footprint in the U.K. region. Global digital commerce company Payoneer received its e-money license from the U.K. Financial Conduct Authority (FCA) this week. The license will enable Payoneer to continue to provide its e-money services to U.K.-based businesses. "The FCA traditionally sets the tone of financial regulation globally and therefore we are extremely proud to be receiving our e-money license in the U.K., said Payoneer Payment Services CEO and SVP of Payoneer Europe James Allum. "We’re excited to be able to continue serving our customers in the U.K. and with our relationship with the FCA. Our customers in the UK now have confidence in Payoneer’s consistent ability to provide regulated financial services of the highest standard." With…

Market Data Firm QUODD Acquires Competitor Xignite

By Julie Muhn (@julieschicktanz) Posted on February 16, 2023
Categories: Alumni News, Daily news, Mergers & Acquisitions, Xignite

QUODD has agreed to acquire fellow market data company Xignite.Combined, the two companies will serve more than 2,200 firms, ranging from large banks and wealth management platforms to smaller digital investment tools. Financial terms of the deal were undisclosed. Two market data firms are combining this week, as QUODD Financial Information Services acquires Xignite. Financial terms of the deal were not disclosed. QUODD said the purchase reinforces its commitment to become "the premier cloud-based global financial market data and content provider." Company CEO Bob Ward added, "Xignite is well known for being an early adopter of delivering high-quality market data solutions via the cloud as well as for its extensive API-driven data catalog. I look forward to working with Stephane Dubois, CEO of Xignite, and his team to help us fuel our next chapter of growth delivering the most accessible and reliable data for our customers." Combined, Xignite and QUODD…

FinovateEurope 2023 Sneak Peek: ebankIT

By Madeline Clines Posted on February 16, 2023
Categories: ebankIT, FinovateEurope 2023, FinovateEurope 2023 Sneak Peek

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. ebankIT enables banks and credit unions to future-proof their digital strategy and to offer a proactive, interactive, and consistent experience through every banking channel. Features Includes a new tool to anticipate clients' needsProvides back-office ratings of each user experienceUses data so banks know the best way to address each customerAlerts clients when a bug is solved and why it happened Why it's great A tool that assesses the banking app performance of each client and uses that data to give customers an experience tailored to their unique needs and past experiences. That's what ebankIT does. Presenters Pete Atkinson, VP of Global SalesAtkinson has spent much of his career working at the convergent point of technology, business, and consumers. He is VP of Sales at ebankIT and for the last 15 years…

FinovateEurope 2023 Sneak Peek: Storied Data

By Madeline Clines Posted on February 16, 2023
Categories: FinovateEurope 2023, FinovateEurope 2023 Sneak Peek, Storied Data

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. Storied Data's platform creates and distributes smart digital documents. Get rid of PDFs and transform all digital communications with in-document UI/UX, data interactivity, and analytics. Features Replaces PDFs and static documents with smart digital documentsCreate a transformational user experience with Hybrid DocuAppsImproves cost, time, and ESG efficiency by 90% Why it's great Documents are companies’ most frequent stakeholder touchpoints. UX should be similar to mobile and web apps and remain portable and accessible - online and off. Presenters Rado Kotorov, Founder & CEOKotorov is a business leader and innovator with many patents, articles and books. He is passionate about data and digital technologies that create new business models and revenue streams.LinkedIn Antoine Chausson, CRO EMEAChausson is a senior banking executive with over 30 years of international banking management.LinkedIn

FinovateEurope 2023 Sneak Peek: Finshape

By Madeline Clines Posted on February 16, 2023
Categories: FinovateEurope 2023, FinovateEurope 2023 Sneak Peek, Finshape

A look at the companies demoing at FinovateEurope in London on March 14. Register today and save your spot. Finshape delivers ready-to-use, customisable digital banking solutions for retail, corporate, and SME clients in Europe, Africa, and MENA regions. Features Includes a mobile banking app with data-driven business insightsCreates informative and swipeable stories about the SME’s financesDelivers relevant and actionable notifications to provide more sales opportunities Why it's great Finshape is a digital banking solution provider that boosts digital engagement, loyalty, and sales among companies' customers with actionable insights through mobile banking platforms. Presenters Tamás Braun, Head of International SalesBraun is a stakeholder and the head of the international sales team at Finshape. Braun has more than 20 years of experience in the digital banking field.LinkedIn Christian Hanke, Regional Sales DirectorHanke is a regional sales director at Finshape. He has more than 10 years of experience in the digital banking field.LinkedIn