Finantix brings AI to wealth management
Finantix, an established provider of components that empower sales and advisory processes for the financial services industry, today launched Finantix AI Gears for Wealth – a collection of engines, tools and data structures that accelerate the injection of Artificial Intelligence into wealth management platforms.
The new offering brings tangible benefits by automating tasks, distilling intelligence, supporting decisions and enforcing compliance for wealth managers, private banks and robo-advisers.
Finantix’ team of California-based AI experts boast more than five years’ experience in delivering AI based solutions to the financial services. Finantix AI Gears for Wealth is underpinned by thoughtfully selected Artificial Intelligence disciplines – machine learning, natural language processing and automated reasoning in order to deliver a suite of AI tools specifically designed for the wealth management domain.
Gemalto and Ledger collaborate on HSM for digital assets
Gemalto, the world leader in digital security, and Ledger, a leader in security and infrastructure for cryptocurrencies and blockchain applications, today announced a technology partnership to deliver high-assurance security infrastructure for crypto assets applications.
The joint Gemalto and Ledger solution consists an integration of Ledger’s unique Blockchain Open Ledger Operating System (BOLOS) into Gemalto’s industry-leading SafeNet Hardware Security Module (HSM) to provide a secure environment for financial institutions looking to leverage cryptocurrency. The solution enables a variety of use cases, such as launching investable products on cryptocurrencies, or stocking cryptocurrencies securely.
Eric Larchevêque, CEO at Ledger, explained: “As the market value of blockchain based solutions rises, so does the need for bank grade security products, when financial institutions are looking for dedicated, certified solutions. We plan to leverage SafeNet HSM to provide our clients in the financial industry with a unique, secure product line customized to their needs.”
Snapsheet secures insurance payout gig with KeyBank
Snapsheet, the industry-leading provider of virtual claims technology for the personal and commercial insurance marketplace, is partnering with KeyBank, one of largest bank-based financial services companies in the United States, for the launch of Snapsheet Transactions, a future-proof payment solution for insurance claims.
Snapsheet’s proven understanding and expertise of insurance workflows, combined with KeyBank’s payments innovation and expertise, will transform the way insurance carriers send payments to claimants. This partnership demonstrates a shared commitment to simplifying claims, while offering optimal customer experience and a seamless payments solution.
“Snapsheet was founded to make the claims process easier for both insurance carriers and their customers, so creating a solution to meet customer expectations is an important step forward in our mission,” said CJ Przybyl, president of Snapsheet. “Check production is a meaningful cost burden to insurance carriers, not to mention customer service costs associated with claims payments, such as interactions around check status. Funds should be available to customers easily, no matter where they are; it’s not always possible for customers to receive checks at home.”
Saxo Bank in Japan selects Torstone’s Inferno for legal ledger and regulatory reporting
Torstone Technology, a leading global provider of post-trade securities and derivatives processing, today announced that Saxo Bank Securities Ltd. (“Saxo Bank Japan”), the investment and trading specialist, has selected Inferno to replace the bank’s legal ledger and comply with regulatory reporting requirements in Japan.
Saxo Bank Japan will initially use InfernoRC to bring greater efficiencies to its post-trade reporting processes and is looking to add additional Inferno features in future phases. Inferno is a modular solution, giving organisations the opportunity to incrementally deploy components, as part of a phased migration to a complete middle and back office solution.
Inferno is a flexible, modern, cost-effective platform which will allow Saxo Bank Japan to run its operations efficiently and with reduced operational risk. The system is also scalable which means that Torstone can quickly respond to any subsequent operational requirements that Saxo Bank Japan may have.