With the introduction of IFRS9 accounting principles on Jan 1, 2018, all banks, including non-AIRB (advanced internal ratings-based) banks, have to adopt a “model validation and governance” framework for their internal risk models. Thus, the need for banks to identify and equip themselves with innovative tools to manage validation processes of the risk models used.

The imec.istart business acceleration program supports entrepreneurs with the early development of their tech start-ups during minimum 12 months.  During this period we want to assess the feasibility of a business proof-of-concept, prepare the (commercial) launch of the first product(s) and the establishment of a start-up to drive this commercialization.

After periods of hype followed by several AI winters during the past half century, we are experiencing an AI summer that might be here to stay.  Artificial intelligence promises considerable benefits while the potential challenges to adoption cannot be ignored.

With its longstanding history of providing ‘neutral ground’ on which to build collaborative organisations like Euroclear, SWIFT and MasterCard, it’s perhaps no surprise that, today, Belgium is fostering some innovative fintech projects. Our CMO, Andrew Carrier, reports from the country where he grew up.

In recent years, the financial sector has been characterised by an increasing degree of digitalisation and the introduction of numerous new applications, processes or products under the impetus of technological innovations and changed preferences of the consumer.