GENEVA, Oct. 22, 2024 /PRNewswire/ — The Board of Directors of CBH Bank announces the appointment of Simon Benhamou as Chief Executive Officer. This appointment, which is effective immediately, follows the retirement of his predecessor Philippe Cordonier. The Board also announces the appointment of Alfonso Liparulo as the new Head of Private Banking. He will also join the Executive Committee.

Mr. Benhamou joined the family-owned banking group in 2009 as a Wealth Manager, then as Head of EMEA. In 2014, he was appointed to the Bank’s Executive Committee and became Head of Wealth Management in 2018. Also in charge of strategic development, he has successfully led the Group’s digital transformation since 2019. He will continue to be supported in his new role by two deputy CEOs, Julien Faure-Geors and Amos Poncini.

Prior to joining CBH Group, Mr. Liparulo held various management positions at Pictet & Cie for over ten years. In 2015, he was appointed Head of Digital, in charge of business strategy and the implementation of a new organizational model. In 2019, he joined the Mirabaud Group, where he first held the position of Chief of Staff Wealth Management before assuming commercial responsibility for the MENA, UK, Asia & Africa region.

Sylvain Matthey, Chairman of the Board said: “We warmly congratulate Simon on his appointment. With his wealth of experience and knowledge of the Group, Simon will be able to guide it through the major challenges and developments that lie ahead in the coming years. Under his leadership, CBH will further strengthen its client-focused approach. We have every confidence in his ability to bring his dynamism and vision of the private bank of the future to the Group.”

Simon Benhamou said: “I’m fortunate to be able to continue to contribute to the growth of CBH, and I’m excited by the prospect of taking on this responsibility. There are many challenges ahead, but we have undeniable strengths. A strong investment offering, personalized services for entrepreneurs and digital daily banking solutions that allow us to position the Group for the future. I am fortunate to work with talented and motivated teams that enable us to deliver innovative and value-added products and services to our clients. I would like to sincerely thank the Board for this appointment.”

Sylvain Matthey added: “The Executive Committee and the Board of Directors join me in thanking Philippe, who has contributed tirelessly to the Group’s stable growth over the past ten years, enabling it to achieve one of the highest capital Tier 1 ratios in Switzerland. This provides the Bank with a solid foundation for the future.”.

About CBH | Compagnie Bancaire Helvétique

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CBH Compagnie Bancaire Helvétique is a family-owned diversified banking group founded in 1975. Headquartered in Geneva, the Group currently counts close to 309 professionals in 10 locations around the world. As of December 31^st, 2023 client assets totaled CHF 14.3 billion and the Group’s Tier 1 ratio was 43%, placing it among the best capitalized banks in Switzerland compared to its peers.

CBH Group provides wealth management services to private and institutional clients, as well as several complementary business lines, including family office solutions, asset services & structuring, exclusive private markets expertise, and bespoke daily banking and card solutions.

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BitMEX reports a 35% lower on-chain risk exposure than global averages, demonstrating its commitment to cutting-edge security and regulatory adherence.

VICTORIA, Seychelles, Oct. 22, 2024 /PRNewswire/ — BitMEX, the world’s leading crypto derivatives exchange, has announced that it continues to maintain a low on-chain Anti-Money Laundering (AML) risk profile, successfully reducing its risk exposure from 1.7% in 2019 to just 0.2% in 2024. This 88% reduction in on-chain risk exposure over the past five years is a direct result of BitMEX’s collaboration with Chainalysis, combined with substantial investments in compliance controls and advanced blockchain analytics. With its on-chain risk exposure 35% below the global average of 0.304%, BitMEX demonstrates its steadfast commitment to security and regulatory adherence, setting a new industry standard since 2019.

As the industry navigates complex regulatory environments, BitMEX has turned compliance into an opportunity for leadership. Ongoing compliance efforts include bi-weekly updates to its Proof of Reserves and Liabilities, the use of geo-blocking technology to minimise sanctions-related risks, and regular external AML audits to ensure compliance accuracy. BitMEX also integrates advanced tools to monitor both on-chain and off-chain activity, reinforcing its comprehensive approach to risk management.

Leveraging Chainalysis’ cutting-edge blockchain analytics, BitMEX has implemented robust mechanisms to assess, monitor, and mitigate on-chain risks. On-chain risk exposure refers to the risks associated with the flow of digital assets, especially concerning their origin or destination, and BitMEX’s proactive stance on mitigating these risks reinforces its leadership in safeguarding the crypto ecosystem.

Stephan Lutz, CEO at BitMEX said, “As we continue to prioritise the safety of our users and create a secure trading environment, our collaboration with Chainalysis has allowed us to stay ahead of evolving compliance standards. By integrating advanced blockchain analytics into our comprehensive risk management strategy, we have not only reduced on-chain risk exposure but also strengthened the trust our users place in us. This partnership ensures that BitMEX leads the industry in both security and regulatory adherence, giving our traders confidence in the safety of their assets.”

The BitMEX compliance framework has evolved to reflect the highest standards in the industry. Central to this transformation is its risk-based approach to threshold tuning, which integrates insights from Chainalysis’ detailed typologies and behavioural analytics. The platform’s commitment to data integrity is evidenced by periodic testing and scenario selection based on the latest threat models, ensuring that its AML programme consistently meets regulatory expectations.

“BitMEX has continuously taken an innovative and proactive approach towards enhancing their risk management strategy and prioritising consumer safety,” said Diederik Van Wersch, Regional Director, ASEAN & Hong Kong, Chainalysis. “The team has always valued a strong collaboration when working with Chainalysis, and it’s really impressive to see their investment in a skilled investigations and compliance team, and the adoption of advanced tools – which have yielded impressive results.”

BitMEX’s efforts highlight its leadership in setting new benchmarks for transparency and regulatory adherence in the crypto space. With the continuous implementation of rigorous AML programmes and real-time monitoring systems, the platform is uniquely positioned to offer a secure and compliant environment for traders worldwide. More details on BitMEX’s transformation of its risk profile is available via a Chainalysis case study here.

About BitMEX
BitMEX is the leading crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs with low latency, deep liquidity and unmatched reliability.

Since our founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

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BitMEX was also one of the first exchanges to publish their on-chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Discord, Telegram and Twitter. 

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MONT-SAINT-GUILBERT, Belgium, Oct. 22, 2024 /PRNewswire/ — OpenWay, the global vendor of the Way4 platform top-rated by Aite (Datos Insights) and Juniper Research, is launching an innovative payment software solution for issuing, acquiring, payment switching, and digital wallets in North and Latin America. With Way4, banks, credit unions, processors, and fintechs can overcome the limitations of legacy payment processing systems. They can roll out unique personalized payment offerings in record time, accelerated by Way4’s composable architecture of both software, deployment options, and managed services. This covers both mainstream payment products and services, and innovations based on real-time payments, BNPL, embedded finance, and CBDC cards. Ambitious players can foster strategic partnerships in the Americas’ broadening payment ecosystem by relying on Way4’s rich APIs, proven support of large processing volumes, high availability, and compliance with PCI security standards.

OpenWay is introducing a new level of flexibility in the delivery and servicing of digital payments software platforms. Unlike most platforms in North and Latin America, which are offered only for on-premises or shared-SaaS use, Way4 can be delivered in various modes tailored to the client’s requirements. In these markets, OpenWay is witnessing an emerging pattern where a financial institution prefers to install Way4 in the cloud of its choice, whether private or public, and bundle it with a custom-tailored combination of managed services from the vendor. Another option gaining popularity is the deployment of Way4 in the dedicated SaaS environment, where the client retains greater control over product and service configuration and time-to-market, as opposed to shared SaaS. The composable nature of OpenWay’s newly launched service models enables banks and fintechs to easily integrate Way4 with their existing technology ecosystems and lower the TCO.

OpenWay is also introducing a unique approach that, according to Forbes, “can increase your chances of success when delivering complex digital transformation projects in fast-changing environments.” It proved successful when OpenWay launched a centralized acquiring platform for 1 million merchants of the biggest European acquirer in just nine months during the pandemic. After replacing disparate legacy systems with Way4, this company expanded its portfolio to 2 million merchants and increased its income by 3.5 times. Another notable success was with an innovative Card-as-a-Service provider, which launched Way4 in AWS in under a year and became one of the world’s first cloud-only card issuing processors.

The success of OpenWay’s projects is also driven by the combination of its international expertise and the local insights of its regional teams and partners. OpenWay has extensive experience collaborating with system integrators with a strong presence in the Americas, including Accenture, Capgemini, Deloitte, EY, and Infosys. It also participates in the Mastercard Network Enablement Provider and Visa Business Partner programs.

With any combination of Way4 modules, deployment options and managed services, OpenWay clients leverage a unified back and front office, an online financial core, real-time front-to-back reconciliation, and online accounting. This architecture enables them to launch personalized, data-driven payment offerings, contributing to their market leadership and exponential growth. Within just three years after its launch on Way4, a digital wallet in Asia grew its portfolio from zero to 700,000 merchants and 40,000,000 users. After migrating to Way4, a global e-commerce acquirer onboarded key customers such as Kiwi, Xsolla, and Wolt (owned by DoorDash) and sustained a remarkable 40% year-on-year compound annual growth rate for several years. In 2023, this acquirer merged with Shift4 in a deal valued at $575 million.

For more information about OpenWay and Way4, please visit openwaygroup.com  

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