Fintech, Finance, Technology, Banking Highlights – 11 April 2018

IBSFINtech collaborates with Thomson Reuters for treasury management

IBSFINtech India, a provider of comprehensive, innovative & integrated Corporate Treasury Management solutions, announced that it has collaborated with Thomson Reuters to power their Treasury Management Solution with trusted & timely financial market data for corporations.

This seamless integration will enable treasurers to mitigate operational risk, drive automation and optimize business efficiency.

Prashant Pillai, Head – Corporate Segment, Thomson Reuters, South Asia, said, “In an increasingly challenging global market, the need to manage treasury, market risk and regulatory compliance is a top priority for corporate treasurers. Solutions such as IBSFINtech’s Innovative Treasury plays a key role in helping corporate treasurers manage these effectively. Thomson Reuters is pleased to collaborate with IBSFINtech to power this solution with our market feeds and offer customers robust data and market analysis, comprehensive view of risk and access to FX liquidity.”

Chandra Mohan Grover, MD & CEO, IBSFINtech said, “We are excited about this collaboration with Thomson Reuters, which will add great value to our customers. IBSFINtech’s Treasury management solution powered by Thomson Reuters market information will help the organizations enhance, integrate and improve visibility as well as bring about enhanced efficiency in their Treasury operations.”

Indata releases Architect AI

INDATA, a leading industry provider of software, technology and services for buy-side firms, today announced the release of iPM Portfolio Architect AI, the investment industry’s first portfolio construction, modeling, rebalancing and reporting solution based on AI and machine learning.

Gartner has listed the adoption of artificial intelligence (AI) as one of the top three technology trends for asset management firms. “Portfolio managers need a seamlessly integrated front office that provides a single real-time global position and enables them to react to changes in the market with speed and agility,”1 wrote Ali Merji, Research Director.

Architect AI leverages natural language as well as voice capabilities to perform complex workflows rapidly, which allows portfolio managers to work more efficiently, effectively reducing the number of steps in a given process and minimizing the reliance on complex software coupled with external spreadsheets that dominate many of today’s front office workflows. The system also utilizes machine learning as well as deep learning to tailor and optimize the portfolio management process for the individual needs of each firm and their unique investment strategies.

ATM malware attacks hit Europe

The European Association for Secure Transactions (EAST) has just published a European Payment Terminal Crime Report covering 2017 which reports that ATM malware attacks have started in Western and Central Europe.

A total of 192 ATM malware and logical attacks were reported, up from 58 in 2016, a 231% increase. 189 of the attacks were logical attacks where equipment typically referred to as a ‘black box’ is used to send dispense commands directly to the ATM cash dispenser in order to cash-out the ATM. The use of malware for cash-out was seen for the first time in Western and Central Europe with 3 such attacks reported by two countries. Related losses were up 230%, from €0.46 million to €1.52 million.