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Fintech

North Beta International Securities Officially Opened in Hong Kong

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North Beta International Securities Limited recently officially opened in Hong Kong, following the Type 1 and 4 licenses from the Securities and Futures Commission of Hong Kong. The newly setup business is licensed to deal in securities and provide advice on securities in Hong Kong.

North Beta International Securities Limited is a key part of North Beta Capital’s international strategy. Based in Mainland China, North Beta Capital is a leading fintech investment bank for global high-growth companies. In the near future, North Beta International Securities plans to expand its service portfolio to include securities underwriting, account management, stock brokerage and other financial services, providing North Beta Capital’s high-quality clients in the new economy with professional overseas capital management services.

Jonathan Zhu, Founding Partner of North Beta Capital, said that as an equity-centred capital management service platform, North Beta Capital is committed to assisting high-quality companies to further grow and expand. Fast growth of China’s economy has created a number of high-growth, innovative companies. Most of North Beta Capital’s clients are eager to tap into foreign capital markets and gain access to global funds and resources. Hong Kong, a leading international hub and the largest offshore trade market in RMB around the world, is a mature and established financial market. In consideration of Hong Kong’s financial advantages, North Beta Capital is well prepared to provide a full range of financial services in the Hong Kong market, starting from assembly of a dedicated team in early 2019.

Thanks to its controlling shareholder’s strong network of local resources, North Beta International Securities plans to build an organization backed by strong service capacities and to provide unique consultative services to over 4,000 high-quality companies in the technology, media and telecommunications (TMT) as well as, big health, big consumer and advanced manufacturing sectors. North Beta International Securities will also set up a sales network consisting of more than 8,500 institutional global investors, institutional investors, high net-worth clients and enterprises.

SOURCE North Beta Capital

Fintech

Accura Scan, The Only Certified Biometric Solution Provider in Middle East & Africa for Banks and Telcos

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Global Identity Verification and Digital KYC solutions provider, Accura Scan is pleased to announce being awarded ISO/IEC 30107-03 compliance after passing a presentation attack detection (PAD) iBeta Level 2 audit with 0% FAR, making it one of the few companies worldwide and the only in IndiaSingapore, APAC & Middle East to have such a recognition.

As part of the testing procedure to assess the performance of Accura Scan face biometric liveness system, which is already being used by clients globally, it was successfully tested with millions of data points in alpha & beta testing modes. Its algorithms were pitted against various forms of spoofing attempts, including but not limited to 3D-printed and curved masks, silicone and paper masks, and videos of real subjects.

Yasin Patel (YP), Accura Scan’s CEO & Founder, expressed great pride in the achievement, adding, “Obtaining the ISO 30107-03 standard after passing the rigorous iBeta level 2 test demonstrates the effectiveness of our solutions against spoofing attacks.” He further announced that in keeping with their motto of ‘Biometrics for All’, Accura Scan would be offering its trusted Identity Verification Suite for free to all start-ups, while established entities would be offered various modules for as little as USD 5,000 a year onwards.

Commenting on this feat, Director – International Sales, Reza Writer, added, “Ambition greater than resources is in the DNA of Accura Scan. We have achieved this feat with a very small but highly skilled & dedicated team that has executed the organizational goal beautifully.”

The ISO 30107-3 framework measures a biometric system’s false acceptance rate (FAR) and false rejection rate (FRR) at the point of presentation. Passing the evaluation with an FAR of 0%, means that the company’s biometric algorithms offer a high level of spoof resistance in all environments.

Headquartered in India, Accura Scan has been completely bootstrapped & profitable since its incorporation. It has firmly established itself in the MENA region over the last 4 years, working with some of the most esteemed Banks, Telecoms & Fintechs globally. As a part of its global strategy, it has now registered itself in Singapore, the EU, the UK, & the US. With top-notch Identity Verification & Digital KYC products, it is confident of making a mark in these markets.

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Fintech

BIM Exchange integrates traditional currency option for buying and selling cryptocurrencies

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BIM Exchange revolutionizes the purchase of crypto-currencies: implicity and security guaranteed

BIM Exchange, the French pioneer of crypto-currency exchange platforms, today announces a major breakthrough in the ease of access and security of crypto transactions. With its new feature, it has never been easier to buy and trade crypto-currencies, bridging the gap between the traditional Web and Web 3.0.

Integration of payments in tradtional currencies: Euro, Dollar, Pound Sterling and Swiss Franc

BIM Exchange now enables its users to buy crypto-currencies directly by bank transfer in less than 24 hours, regardless of their currency. The funds are then securely transferred to the user’s decentralized wallet, such as Ledger, TrustWallet, MetaMask or other.

This method considerably simplifies access to digital currencies, while guaranteeing maximum security.

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Fintech

Monzo founder talks Prosper. Company sees incredible demand for its Crowdfund, smashing 130% of its target, raising over £785,000.

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Having recently announced its crowdfund was open to the public and with a little more than a week to go, Prosper today confirmed it has hit 130% of its funding target, raising over £785,000.

The company is backed by some of the biggest names in fintech. One of those, Tom Blomfield, the founder and former CEO of digital bank Monzo, said:

“The crowdfunding community was vital to Monzo’s growth and helped us engage with our early users. Like Monzo, Prosper is a customer champion brand shaking up the wealth industry. As I invested in Prosper, it became clear that speaking to the community would also play a part in their journey. It’s only the beginning, but I’m excited to help more people prosper!”

Monzo’s first crowdfunding campaign raised just under £1m at a £30m valuation. Today, that valuation stands at “around £4 billion”, according to Sky News. With a week of its own crowdfund still to go, Prosper hopes to build on that success, already closing in on Monzo’s original raise achievement.

“We’ve been blown away by the demand we’ve seen from our community. It’s a testament to the value we can create building a customer-championing business in the world of saving and investing,” said founder and CEO Nick Perrett.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more.

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