Fintech, Finance, Technology, Banking Highlights – 7 March 2018

Samsung Pay and Contis join forces to drive financial inclusion

Contis, a leading provider of end-to-end banking, payments and processing solutions in the UK and Europe, today announces its landmark partnership with Samsung Pay, the mobile payment and digital wallet service.

Contis is the first payments provider to integrate Samsung Pay’s market-leading functionality across a Credit Union proposition delivering the service to over 150 Credit Unions across the UK and providing members with the ability to leverage technology to manage their finances more effectively at a time of increasing budgetary pressure.

The agreement marks Samsung Pay’s entry into the Credit Union market and signals an important milestone in its wider expansion into the financial services sector as the business looks to leverage its market share in Android handset sales.

Samsung Pay will also be integrated into Contis’ Canvas proposition, a white label solution that provides companies with a powerful, configurable end-to-end platform that is supported by licences enabling deployment throughout Europe. Canvas and Samsung Pay together are creating a one stop solution for business banking by giving companies the power to enhance their business through award winning functionality supported by a world leading brand.

Thomson Reuters Collaborates with eBrevia to Deliver AI-Driven Contract Remediation Solution

Thomson Reuters has teamed up with eBrevia, a leading machine-learning contract analytics platform, to help enterprises tackle large and complex contract remediation projects involving commercial contracts.

The collaboration enhances the award-winning managed services from Thomson Reuters with greater technology enablement, accelerating clients’ ability to execute on contract remediation.

As an established leader in contract remediation and repapering efforts, Thomson Reuters is trusted by clients to deliver continually improving speed and accuracy without compromising defensible processes. Remediation has historically been labor-intensive, requiring large teams and manual effort. To reduce that effort, Thomson Reuters explored whether an AI partner could provide more automation to its remediation solution. After expansive testing undertaken by Thomson Reuters managed services experts and technologists, eBrevia was selected.

“We sought an innovative partner that not only could deliver results but also could work with us to build something beyond just traditional data extraction,” said Eric Laughlin, managing director, Thomson Reuters Legal Managed Services. “To make our selection, we pressure-tested emerging abstraction technologies with real world contract sets, and found that the machine learning technology employed by eBrevia delivered consistent results while offering excellent project management and quality control features.”

Dion Global launches Integrated Wealth Management and Trading Platform

Dion Global Solutions, a trusted technology partner to financial institutions across the globe, announced the launch of the Wealth Intelligence (WIN) platform with new modules and incorporating many of its award-winning wealth management solutions. The new brand re-enforces the strategic objectives of the modular approach with its open API ecosystem and data agnostic approach interrogated via any existing user interface or Dion’s recently launched modern browsers.

Dion Global’s Wealth Intelligence (erstwhile Invantage solution) has been supporting the growth of several wealth management firms in the UK for over thirty years. Over the years, the solution has evolved to automate the complete front to back office processes within a wealth management firm. Hosted on the Amazon cloud (AWS), the platform now also offers an enhanced and seamless user experience with enriched analytics capabilities and data confidentiality and protection.

Kean Williams, Managing Director, Wealth & Post Trade Solutions, Dion Global, said, “the new name Wealth Intelligence (WIN), reflects the core purpose of the platform to provide automated solutions for wealth management firms. The standalone system and data agnostic modular structure of the platform seamlessly integrates with a firms’ infrastructure and third-party vendors, providing an enriched user experience to Investment Managers, Intermediaries and end Clients.”