Fintech PR

Plumery partners with Sumsub to bring digital onboarding to ‘Headless’ digital banking platform

Published

10 months ago

January 31, 2024

Plumery has chosen Sumsub as its technological partner to bring a new generation of digital onboarding solutions to market

LONDON and AMSTERDAM, Jan. 31, 2024 /PRNewswire/ — Today Plumery, a leader in mobile and digital banking technology, and Sumsub, a global full-cycle verification platform, are pleased to announce their technological partnership. Within the partnership, Plumery has integrated Sumsub’s capabilities into its new-generation ‘Headless’ digital banking engagement platform, launching first with Sumsub’s Know Your Customer (KYC) suite.

The combined solution will enable both traditional and challenger banks to create highly customizable onboarding flows using Plumery’s serverless onboarding orchestration, and Sumsub’s fully compliant KYC flows, saving them up to 80% on implementation costs and time, as well as over 50% of onboarding costs for each customer.

Plumery’s ‘Headless’ platform allows banks, fintechs and other financial institutions to build applications on top of its APIs. The solution does not require compromising their applications’ user interface (UI) or core banking solution, ensuring highly-tailored onboarding journeys for their private and business banking customers. Sumsub’s pre-integrated KYC and anti-money laundering solutions verify new customers through a number of factors, including email addresses, tax residency and proof of address (PoA), as well as screen identity documents and ensure new users pass liveness checks.

“We’re super-excited to become a technology partner with Sumsub,” said Ben Goldin, CEO at Plumery. “Their focus on both frictionless and compliant customer experiences, as well as excellent developer experience means solutions can be delivered faster than ever. Digital and mobile onboarding has become an essential part of any digital banking experience in the last 5 years. Now, together with Sumsub, our joint customers can integrate this capability faster and more cheaply than ever before, to launch new propositions and whole banks in record time.

“Our first release has focussed on onboarding natural persons, but we plan to add KYB and wider SME-focussed functionality together in the coming months. Customers will be able to leverage not just our technologies, but also our expertise in building digital banking platforms, and Sumsub’s expertise in compliance onboarding – the synergy is perfect.”

“We are pleased to announce the technological partnership with Plumery,” adds Andrew Sever, co-founder and CEO of Sumsub. Using our APIs, Plumery has been able to create a completely seamless end-to-end onboarding journey for its users. Through this partnership, we can now combine their innovation-focussed digital experience building, with the highest levels of compliance and fraud protection, provided by our platform.”

About Plumery

Plumery is a new, 3rd generation digital engagement platform for digital banking solutions. Plumery’s MACH (Microservices, API-first, Cloud-native, Headless) approach to building front-end experiences provides the flexibility for organizations that want to build and own a completely unique UI / mobile app, but also leverage pre-built capabilities to launch quickly and at lower cost.

Plumery’s mission is to bring a digital engagement layer and help anyone building financial experiences deliver superior results faster without the need to choose between ‘buy vs build.’ Instead, Plumery’s customers can leverage both approaches – buying for parity and building for a competitive edge.

About Sumsub

Sumsub is a full-cycle verification platform that secures the whole user journey. With Sumsub’s customizable KYC, KYB, transaction monitoring and fraud prevention solutions, their customers can orchestrate their verification process, welcome more clients worldwide, meet compliance requirements, reduce costs and protect their business.

Sumsub has over 2,000 customers across the broader fintech and embedded finance industries, including Binance, Mercuryo, Bybit, Huobi, Unlimit, DiDi, Poppy and TransferGo.

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Logo – https://mma.prnewswire.com/media/2099263/Sumsub_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/plumery-partners-with-sumsub-to-bring-digital-onboarding-to-headless-digital-banking-platform-302048747.html

Fintech PR

7th CIIE Successfully Wraps: Highlights by the Numbers

Published

9 hours ago

November 28, 2024

CISION (PR Newswire)

7th-ciie-successfully-wraps:-highlights-by-the-numbers

SHANGHAI, Nov. 28, 2024 /PRNewswire/ — The 7^th China International Import Expo (CIIE) drew to a successful close on November 10th in Shanghai. While many intangible achievements and connections were made, this year’s data shows how the Expo achieved unprecedented success in global participation and business opportunities. Tentative deals totaled USD 80.01 billion, marking a 2 percent increase from the previous year.

Vibrant Participation from around the World

As a crucial platform for global collaboration, the 7^th CIIE invited 77 countries and international organizations from five continents for the Comprehensive Country Exhibition. Participants incorporated unique cultures, national identities, and modern technology into booth designs, with an impressive lineup of over 200 captivating events hosted at the booths. A total of 3,496 companies from 129 countries and regions participated in the Enterprise & Business Exhibition, including 1,585 companies from 104 countries in the Belt and Road Initiative, 1,106 companies from 13 countries in the Regional Comprehensive Economic Partnership, and 132 exhibitors from 35 least developed countries.

Wide Range of Cutting-Edge Innovations and Debuts

Innovative achievements and diverse debuts have consistently been a major highlight from each edition of the expo. At the 7^th CIIE, the Innovation Incubation Special Section showcased 360 innovative projects from 34 countries and regions, supporting the development of small and medium-sized enterprises (SMEs) and startups. In addition, multinational companies introduced 450 new products, services, and technologies, including over 100 global launches, 40 Asia premieres, and over 200 China debuts, unlocking momentum for new drivers of consumer demand.

International Perspectives and Collaborative Dialogues at the HQF

Serving as an important platform for international communication, the Hongqiao International Economic Forum (HQF) becomes a focal point of attention at each edition of the CIIE. Focusing on trending topics, the 7^th HQF attracted over 8,600 registrations and convened more than 300 globally renowned experts and leaders in politics, business, and academia. The 7^th HQF also released the World Openness Report 2024 alongside the World Openness Index, delivering a message of openness and fostering international cooperation.

The 7^th China International Import Expo was undoubtedly a complete success, demonstrating its significant role as a stage for advancing global cooperation. With preparations for the 8^th CIIE actively underway, the expo continues to expand opportunities for global trade and economic cooperation, warmly inviting countries and enterprises from abroad to join!

Visit CIIE official website for more information: https://www.ciie.org/zbh/en/?from=prnewswire

Contact: Ms. Cui Tel.: 0086-21-968888 Email: [email protected]

Photo – https://mma.prnewswire.com/media/2569264/image_5031553_31815944.jpg

Fintech PR

Europi Property Group AB (publ) successfully issues senior unsecured green bonds

Published

9 hours ago

November 28, 2024

CISION (PR Newswire)

STOCKHOLM, Nov. 28, 2024 /PRNewswire/ —

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES TO DISTRIBUTE THIS ANNOUNCEMENT.

Europi Property Group AB (publ) (“Europi” or the “Company“) has successfully issued senior unsecured green bonds of EUR 50m under a framework of up to EUR 100m and a tenor of three years (the “Green Bonds“). The Green Bonds have a floating interest of 3M Euribor plus 500 basis points per annum. Europi intends to list the Green Bonds on the sustainable bond list of Nasdaq Stockholm within 12 months and Nasdaq Transfer Market within 60 days, with an ambition to have the Green Bonds admitted to trading within 30 days.

An amount corresponding to the net proceeds from the Green Bonds will be used in accordance with the Company’s green finance framework (the “Green Finance Framework“).

Skandinaviska Enskilda Banken AB (publ) and ABG Sundal Collier AB have acted as advisors in relation to the issue of the Green Bonds. Vinge has acted as legal counsel in relation to the issue of the Green Bonds.

More information regarding the Green Finance Framework and Sustainalytics’ second party opinion can be found at https://europi.se/bond-investors/

For further information, please contact:
Jonathan Willén, CEO, [email protected]
+46 (0) 8 411 55 77

About Europi (www.europi.se)
Europi Property Group, founded in 2019, is a pan-European real estate investment company headquartered in Stockholm (with an office also in London) investing discretionary capital across all sectors with a flexible investment strategy. Europi has since inception completed public and private transactions of more than €700m in gross asset value alongside its established network of local operating partners and completed four successful exists. By combining a truly entrepreneurial, active ownership approach with focus on social and environmental sustainability, Europi generates long term value and positive impact for all stakeholders.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/europi-property-group/r/europi-property-group-ab–publ–successfully-issues-senior-unsecured-green-bonds,c4073222

View original content:https://www.prnewswire.co.uk/news-releases/europi-property-group-ab-publ-successfully-issues-senior-unsecured-green-bonds-302318389.html

Fintech PR

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

Published

9 hours ago

November 28, 2024

CISION (PR Newswire)

bybit-x-block-scholes-derivatives-report:-eth-outperforms-btc

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week.

Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January.

Key Insights:

ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors’ expectation of a more crypto-friendly SEC Chair after Gensler’s last day on Jan. 20, 2025.

BTC price in retreat: BTC price’s ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.

ETH options – bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.

Access the Full Report:

Read the full report in context here.

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media