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LUSIS A leading FinTech company looking to leverage the power of Artificial Intelligence and Data Science

11/29/2018

 
original source: November 2018 e-FOREX
​

​LUSIS is a leading French software and IT services provider that launched more than 15 years ago.  The company is well known for offering advanced software solutions to the global retail payment industry for critical online transaction processing but it also provides FX brokerage platforms and other trading related services. After launching a dedicated Artificial Intelligence department, it has now started to create AI based trading strategies. We asked Fabrice Daniel Head of the AI team at the firm to tell us more about these and some of the other FinTech solutions it now offers.

​What range of FinTech products and services does Lusis offer for Capital Market applications?
Lusis offers a wide range of FinTech products and services for Capital Markets:
• FX trading; which is our core competence
• CFDs, Options Futures and Equities
• Advanced systems and tools including algorithmic trading, market making, backtest engine and trading strategy alerts sent to mobile applications

Our product is based on a microservice architecture providing high capacity, high availability and great flexibility. We are hardware and middleware independent with the ability to support cloud-based deployments.

​Lusis are experts in Artificial Intelligence and Machine Learning. How much impact do you expect these technologies to have in the FX trading environment?
We spent 5 years using data science approaches to analyzing and improving our trading platform. In June 2017 Lusis created a dedicated Artificial Intelligence department because we think AI will change end to end trading, automatic trading, portfolio management and it will impact everything that is related to Capital Market applications. We are especially focused on Deep Learning because of its incredible power and flexibility for problem resolutions.
 
Unlike the other Machine Learning approaches, for instance random forest, Deep Learning includes architecture as a concept. Today you are not just managing the number of neurons and layers of the model, and you don’t just select a feed forward, recurrent or convolutional model. Many approaches are now using more and more hybrid models mixing different types of Neural Networks to create more complex architectures with “building blocks” working together, each resolving a part of the problem.
 
You have developed solutions that use AI for the creation of trading strategies. How hard was that?
These allow the creation of models capable of discovering patterns by themselves in time series (market prices) to determine future moves. Doing this seems very straightforward and simple to do. However, there are many challenges in this task making it very difficult to achieve.

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The Future of ATMs:  New Initiatives from Vendors and Banks

5/9/2018

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A FEATURED ARTICLE ON ATM MARKETPLACE
by Philippe Préval, CEO, Lusis Payments

​Banks at a Crossroads
Although cash delivery activity seems to be decreasing due to contactless payments and wallets, in North America, the Automated Teller Machine (ATM) channel is still maintaining its central role as a core banking touchpoint with the consumer.  It has become an integral part of the banking omni-channel experience, not only playing a key role in the broad context of modern banking but also being a major enabler of mission-critical “access to funds” functionality within financial inclusion initiatives. The channel is taking an even more important role as branch network optimization leads to a reduction in the number of branches while consumers still express a preference for banks with a physical presence.
 
On the other side of the ocean, some European major companies seem to see the ATM business as a dying activity that can be easily outsourced to service providers that provide a low cost/poor user experience.
 
So, who is on the right path between these two radically different approaches?  New features that are coming in front-line for ATMs may be giving evidence of a really interesting future for those teller machines putting the truth on the United States’ (US) side.
 
Banks’ Initiatives
There are interesting initiatives related to activation of classical cash functions using contactless devices, including Smartphones.  New functions for providing cash to one individual using his or her Smartphone are already very popular in the US and totally marginal in Europe.
 
There are two ways of delivering cash to someone:
 
1)    Using a Smartphone Radio-frequency identification (RFID) capacity and wallet to allow a customer to retrieve cash from an ATM, there is a wallet Device Primary Account Number (DPAN) used in place of a card.  DPAN is also known as the Digital Primary Account Number.  Once the wallet is authenticated, even the on-us transactions are available for the user.  On-us transactions are those for which all transactions for an ATM or a Point of Sale (POS) machine originate from the same bank.  The only condition is to re-authenticate the wallet every time the user chooses a function.
 
2)    Cash can be sent to a third-party holder using wallets.  An ATM is then used to dispense cash to the destination user.
 
Some ATM Vendors´ Initiatives
 
Following is a brief discussion of two interesting initiatives proposed by the two market leaders.
 
NCR Corporation’s ITM
 
The NCR ITM (Interactive Teller Machine) is an Assisted Service hardware solution.  It has the same footprint as an NCR Self Service ATM system but has integrated two-way video conferencing with additional software and hardware to support live interaction with a remote teller.
 
The NCR ITM includes audio capabilities beyond a typical ATM, as well as incorporates peripherals to support the member experience like a phone handset for privacy or a signature pad to require customers to sign for certain activities. The ITM can be supported as a stand-alone video teller solution.
 
Diebold ILT
 
The In-Lobby Teller (ILT) is offering Branch services without a real Branch and tellers or inside a Branch but with fewer teller agents.  It is an innovative solution that redefines the Branch experience for both the bank and its customers. The ILT bridges the gap between the teller and the ATM by combining the convenience and accuracy of a machine with the natural and personal interaction of a human.
 
All operations that a customer can do in a Branch are available, including deposit, withdrawal and all home banking functions.
 
A dramatic productivity increase is anticipated with ILT, with one teller being able to pilot the dialog of several ILT in various locations.
 
All these new channels use modern JavaScript Object Notation (JSON) web services to carry the transactions’ information to the payment system that manages the ITM, ILT.


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HPE NonStop Systems & Lusis Payments

2/9/2018

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Working together. Accelerating results.
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​A new style of partnering

Hewlett Packard Enterprise and Lusis Payments are collaborating in a fresh new way to bring increased value to customers like you. 
​
We know that acquiring technology is only the first step in achieving a business goal. The technology pieces need to work together. They need to be tested. They need to provide rich functionality, quickly and effectively, so you can concentrate on your business needs.

To help satisfy these needs, Lusis Payments is a member of the HPE Partner Ready for Technology Partner program, an industry-leading approach to supply sophisticated integrated technologies in a simple, confident, and efficient manner.

Lusis provides state of the art products and services to the payments industry. Using micro-service architecture, Lusis brings a modern and truly flexible proposition to the payments EcoSystem. 
​

Lusis Payments has access to the right tools, processes, and resources to help our  joint customers accelerate innovation and transformation that brings value, achieves business needs, and increases revenue and market share.
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LUSIS RETAIL OMNI-CHANNEL

7/10/2017

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​Global retail markets are being forced into tremendous change to survive and this is evident in the United States more than anywhere else. Media and Wall Street analysts continue to highlight that a new paradigm is impacting the retail market. 

A Fortune Magazine article stated “Can America's Department Stores Survive? “  The Atlantic Monthly stated “From rural strip-malls to Manhattan's avenues, it has been a disastrous two years for retail.”  Recently, Amazon threw down the gauntlet and announced their intention to integrate the traditional bricks and mortar grocery vertical via their announced $13.7B bid for upscale grocer Whole Foods Inc.

Today, Amazon's capitalization outweighs the entire European retail sector combined. The financial markets and the consumer are demanding that traditional based retailers need to make significant changes to survive. 
 
The industry has become focused on Omni-Channel, and within that movement a key foundation to accomplishing it resides in the integration of payments as part of the strategy. Lusis, a payment specialist provides key elements to enable this need. In simple terms the retail industry has to unify their customer experiences across all channels in order to provide a highly personalized experience. A significant key to that accomplishment is an IT architecture that enables these goals.

A retailer's ability to deliver a true Omni-Channel experience is dependent on the evolution of the current operating models. However, what is possible to deliver is dependent on the foundation of their IT environment and what it is capable of.  Old solutions are costly and slow to enhance and adapt. A modern micro-service payment architecture like the Lusis Tango product can keep pace and easily adapt to today's challenges.  

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A Guide to High Availability and an Approach to an Active/Active Environment in the OSS World

6/12/2017

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There’s no time for downtime, and it’s crucial that your Nonstop hardware platform is at the ready 24/7. Lusis Payments has years of experience with open systems and brought our experience to Nonstop and OSS a few years back.  One of the key architecture features of an SOA Nonstop environment relates to reliability and high availability, with the agility and the scalability users need. A versatile design and architecture provides the same high availability Nonstop users are accustomed to for continuous online processing plus Active/ Active and Active/Passive environments. This allows payment applications to be streamlined across multiple servers without sacrificing speed or accuracy which creates a robust, reliable platform with guaranteed delivery each and every time.

Some elements of high availability are provided by the architecture of the hardware platform, such as fault tolerance, clustering, and remote backup. Lusis has experience with these different architectures and their respective pros and cons. We have integrated several functions to minimize any constraints introduced by these disparate architectures.

CLICK TO READ THE COMPLETE ARTICLE AS FEATURED IN THE CONNECTION MAGAZINE.
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LUSIS LITERATURE
PRIVACY POLICY
LUSIS NEWS
- Lusis named Best Electronic Payment Systems Europe 2019
- Lusis Announces Strategic Partnership with DataCare
- Article: Business Life - A SME in the Big Leagues

- ​TANGO 10K TPS in the Cloud
- Lusis Makes Strides to Revolutionize Payments Technology
- Lusis Leverages the Power of Artificial Intelligence
​- New Security Requirements for ATM and POS Introduced by
​   PCI-PIN V3PIN V3: TR34 - TR31

​- TANGO - Stress Test on  HPE NonStop L-Series

- A Comparison of Machine Learning Techniques for Fraud Detection
- Pivotal Payments selects TANGO for processing in-house payments

​LUSIS EVENTS
ATUG  Sept 18
Alpharetta, GA

CTUG  Sept 25
Mississauga, Ontario


​NonStop Boot Camp 
NOV 3 - 6  SFO,  CA

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Lusis Payments, Lusis, TANGO and LitePOS are trademarks or registered trademarks of Lusis SA. Other parties’ trademarks referenced are the property of their respective owners.
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