Fintech Valley Vizag

Etana Custody Partners with CryptoFi to Offer Complete Cryptocurrency Solutions to Banks and Credit Unions

Retrieved on: 
Tuesday, August 16, 2022 - 4:00pm

CHICAGO, Aug. 16, 2022 /PRNewswire-PRWeb/ -- Etana Custody, a regulated, trusted industry leader in multi-asset custody and support services, announced that they have partnered with CryptoFi, a leading provider of Crypto-as-a-Service (CaaS) solutions. Together, they are bridging the worlds of traditional finance and digital assets by helping regional banks and credit unions expand market access to digital products and custody solutions for their customers.

Key Points: 
  • Etana Custody, a regulated, trusted industry leader in multi-asset custody and support services, announced that they have partnered with CryptoFi, a leading provider of Crypto-as-a-Service (CaaS) solutions.
  • CHICAGO, Aug. 16, 2022 /PRNewswire-PRWeb/ -- Etana Custody, a regulated, trusted industry leader in multi-asset custody and support services, announced that they have partnered with CryptoFi, a leading provider of Crypto-as-a-Service (CaaS) solutions.
  • Together, they are bridging the worlds of traditional finance and digital assets by helping regional banks and credit unions expand market access to digital products and custody solutions for their customers.
  • "We're excited to partner with Etana, one of the most forward-thinking custodians developing tailored solutions for traditional financial institutions to offer cryptocurrency.

New QuantaVerse Risk Segment Override (RSO) Capability Enables Financial Institutions to Tune Risk Classification

Retrieved on: 
Tuesday, August 16, 2022 - 2:00pm

CLEVELAND, Aug. 16, 2022 /PRNewswire-PRWeb/ -- AML RightSource ("AMLRS"), the leading provider of Anti-Money Laundering ("AML"), Know Your Customer ("KYC"), and Bank Secrecy Act ("BSA") compliance solutions, has added a new capability to its QuantaVerse Financial Crime Platform. The new Risk Segment Override (RSO) capability allows an investigator to override QuantaVerse's risk segmentation if they deemed it warranted after reviewing a case. The overrides will persist until the QuantaVerse Platform alters the entity's risk profile based on new information which is immediately presented for review.

Key Points: 
  • The new Risk Segment Override (RSO) capability allows an investigator to override QuantaVerse's risk segmentation if they deemed it warranted after reviewing a case.
  • The overrides will persist until the QuantaVerse Platform alters the entity's risk profile based on new information which is immediately presented for review.
  • If a compliance team determines that this connection is not a valid risk, the Risk Segment Override capability ensures that this issue will no longer inflate an entity's risk score thus keeping the AML compliance team from wasting precious time continuously reevaluating cases triggered by this non-issue.
  • However, the QuantaVerse Platform will reverse a risk override due to any negative change of financial crime observables.

Synctera Adds FinTech and Banking Leader Yvette Butler to Board of Directors

Retrieved on: 
Thursday, August 11, 2022 - 2:00pm

Synctera , a leading FinTech platform helping innovators bring financial products to market more efficiently, announced today it is adding Yvette Butler, former President of Private Banking & Wealth Management at Silicon Valley Bank (SVB), to its board.

Key Points: 
  • Synctera , a leading FinTech platform helping innovators bring financial products to market more efficiently, announced today it is adding Yvette Butler, former President of Private Banking & Wealth Management at Silicon Valley Bank (SVB), to its board.
  • A successful banking and FinTech leader, Yvette Butler joins the Synctera board as its first independent member.
  • Its end-to-end platform and guided, personalized experiences help FinTech builders create world-class products with embedded banking, card issuance, and more.
  • Everyone wins - FinTech builders create, launch, and scale great products, fast, and community banks access new revenue streams and markets.

$22.5M Seed Funding Announced by Web3 Infrastructure Firm Fortress Blockchain Technologies

Retrieved on: 
Tuesday, August 9, 2022 - 3:55pm

LAS VEGAS, Aug. 9, 2022 /PRNewswire/ -- Fortress Blockchain Technologies today announced it has raised Seed funding of $22.5M led by Ayon Capital. The round also included Soaring Investment Management, Fortress' founder Scott Purcell, and a few select super-angel investors. The capital supports Fortress' team as it creates transformative B2B infrastructure for the Web3 industry.

Key Points: 
  • Led by Ayon Capital, the Funding Enables Fortress to Build and Scale Its Financial, Regulatory and Technology Infrastructure for Web3 Innovators.
  • LAS VEGAS, Aug. 9, 2022 /PRNewswire/ -- Fortress Blockchain Technologies today announced it has raised Seed funding of $22.5M led by Ayon Capital.
  • Fortress Blockchain Technologies is purpose-built to deliver financial, regulatory and technology infrastructure to the rapidly emerging Web3 space.
  • Fortress Trust Company is a wholly-owned subsidiary of Fortress Blockchain Technologies and is a full-retail Nevada-chartered financial institution.

DGAP-News: JDC Group AG: Ecclesia and JDC Group start cooperation

Retrieved on: 
Wednesday, August 3, 2022 - 10:02am

The Ecclesia Group companies are expanding the digital service depth in the private insurance business through JDC's own broker management program iCRM.

Key Points: 
  • The Ecclesia Group companies are expanding the digital service depth in the private insurance business through JDC's own broker management program iCRM.
  • Through Ecclesia Gruppe Vorsorgemanagement GmbH as contracting partner with JDC Group AG, Ecclesia Group companies receive the full JDC platform as a broker management program for their private customer business.
  • "We are pleased to have won Ecclesia, the largest German broker for our platform solution," says Dr. Sebastian Grabmaier, CEO of JDC Group AG, commenting on the cooperation.
  • In addition, the Ecclesia Group has its own companies in six other European countries and operates in more than 170 countries worldwide via the ECCLESIA GLOBAL NETWORK.

14th Edition of BFSI IT Summit: India (Mumbai)

Retrieved on: 
Monday, August 1, 2022 - 5:36am

The event will be elated with insightful sessions by the qualified speakers hosting a vast experience in the Digital Transformation domain.

Key Points: 
  • The event will be elated with insightful sessions by the qualified speakers hosting a vast experience in the Digital Transformation domain.
  • An exclusive one-day closed door conference hosting 150+ pre-qualified C Level IT Decision Makers, Influencers from India's banking and financial institutions, IT leaders from various enterprises in India.
  • Hyperlink India FORM
    - The delegates will be exposed to In-depth, trend-forward sessions & workshops - each tons of practical takeaways and ideas to keep you ahead in the digital economy.
  • - The sponsors will be able to create an overwhelming branding in the event along with meeting their prospects and displaying the products.

DGAP-News: Varengold Bank AG significantly increases key figures in the first half of 2022

Retrieved on: 
Wednesday, July 27, 2022 - 1:19pm

50%

Key Points: 
  • 50%
    Hamburg, 27/07/2022 Varengold Bank AG [ISIN: DE0005479307] has again proven the sustainability and scalability of its business model in the first half of 2022.
  • Varengold Bank was able to increase earnings before taxes (EBT) by 124% to EUR 18.2 million (previous year: EUR 8.1 million).
  • Due to the revenue and earnings figures, which were significantly above plan at the end of the first half of the year, the Bank is adjusting its forecast for the 2022 financial year.
  • Varengold Bank AG assumes no responsibility for updating the forward-looking statements contained in this release.

Forward Momentum: The Digital Dollar Project Weighs-In on Continued Regulatory Exploration of a U.S. Central Bank Digital Currency

Retrieved on: 
Thursday, July 21, 2022 - 6:00pm

In July, DDP responded to guiding questions from the Department of Commerce on the competitiveness of digital asset technologies, highlighting the unique role that the U.S. can play in shaping central bank digital currencies through private-public innovation.

Key Points: 
  • In July, DDP responded to guiding questions from the Department of Commerce on the competitiveness of digital asset technologies, highlighting the unique role that the U.S. can play in shaping central bank digital currencies through private-public innovation.
  • "It is encouraging to see so many of DDP's core principles, as outlined in The Digital Dollar Project CBDC White Paper , reflected in Chairman Powell's and Vice Chair Brainard's recent comments.
  • This underscores the transformative potential of central bank digital currencies to not only meet economic needs, but also the potential to enshrine our democratic values and secure competitive advantage."
  • A nonprofit organization, The Digital Dollar Project was created to encourage research and public discussion on the potential advantages and challenges of a U.S. CBDC or a "digital dollar."

ComplyAdvantage Named a Category Leader in Chartis Research's Watchlist Screening And Monitoring Quadrant

Retrieved on: 
Thursday, July 21, 2022 - 11:00am

NEW YORK, July 21, 2022 /PRNewswire/ -- ComplyAdvantage, a global data technology company transforming financial crime detection, today announced that it was named a category leader in Chartis Research's 2022 Watchlist Screening and Monitoring Quadrant.

Key Points: 
  • NEW YORK, July 21, 2022 /PRNewswire/ -- ComplyAdvantage , a global data technology company transforming financial crime detection, today announced that it was named a category leader in Chartis Research's 2022 Watchlist Screening and Monitoring Quadrant.
  • The Chartis Watchlist Screening and Monitoring Quadrant highlights screening and monitoring solutions across the financial crime space, including screening against Sanctions, PEPs, Watchlists, and more.
  • In the Watchlist Screening and Monitoring Quadrant, Chartis explores what the defining characteristics of a best-in-class vendor are relative to the various end-user needs.
  • "We are excited to be named as a category leader in the 2022 Chartis Watchlist Screening and Monitoring Quadrant," said Charlie Delingpole, founder, and CEO of ComplyAdvantage.

Illuminate Financial Secures Strategic Investment from Citi

Retrieved on: 
Wednesday, July 13, 2022 - 9:05am

LONDON, July 13, 2022 /PRNewswire/ -- Illuminate Financial, the thesis-driven venture capital investor dedicated to early-stage FinTech and enterprise software companies, today announced a strategic relationship with Citi.

Key Points: 
  • LONDON, July 13, 2022 /PRNewswire/ -- Illuminate Financial, the thesis-driven venture capital investor dedicated to early-stage FinTech and enterprise software companies, today announced a strategic relationship with Citi.
  • Citi joins existing investors Jefferies, J.P. Morgan, Deutsche Brse Group and S&P Global as a limited partner in Illuminate Financial's venture capital strategy.
  • Together, this investor group represents a unique combination of global financial institutions, which will further extend Illuminate Financial's deep domain expertise and industry network.
  • Illuminate Financial Management (Illuminate Financial) is a thesis-driven venture capital firm focused on FinTech and enterprise software companies defining the future of financial services with offices in London, New York, and Singapore.