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CUBE acquires global regulatory intelligence businesses from Thomson Reuters
LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.
The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.”
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.
View original content:https://www.prnewswire.co.uk/news-releases/cube-acquires-global-regulatory-intelligence-businesses-from-thomson-reuters-302147604.html
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ComplyCube, Signicat add features to strengthen fintech AML capabilities
The financial technology sector is experiencing a surge of strategic collaborations and innovative solutions to enhance security and compliance.
From strengthening know your customer (KYC) and anti-money laundering (AML) processes to introducing advanced biometric identification features, companies are making significant strides to safeguard their operations and customer transactions. ComplyCube and Signicat have each added capabilities to benefit regulated businesses, while Identomat has announced two new clients, and iDenfy has revealed a customer win.
ComplyCube Adds Trust Center to KYC, AML Platform
ComplyCube has launched a Trust Center to enhance its identity verification, KYC, and AML platform, helping clients navigate complex regulatory scenarios.
The company highlights that compliance failures cost businesses over 2.7 times more than maintaining regulatory obligations, and those with robust compliance programs incur 30 percent lower costs for security incidents.
The new Trust Center features a real-time compliance dashboard and a resource hub with documents, certification information, and regulatory guidelines. It also offers incident reporting and tracking.
“Clients and partners can find answers to many data protection questions, view active controls, and request documents for due diligence,” says ComplyCube Business & Partnerships Manager Joshua Dent. “It’s great to see this platform live following our recent certifications, such as UK DIATF, ISO 9001, PAD Level 2 ISO 30107-3, and ISO 27001:2022 upgrade.”
Signicat Rolls Out Selfie Biometric Authentication
Signicat has introduced biometric facial authentication to its MobileID platform to enhance the security of mobile apps for financial and regulated service clients.
Signicat’s Face Authentication includes a 3D liveness check and face match, effectively protecting against fraud involving photos, deepfake videos, and other spoofs.
Identity fraud driven by AI is a growing threat, accounting for over 42 percent of total attacks, according to a recent Signicat report.
“As fraud tactics evolve, so must our solutions,” says Simone Andersson, Signicat Product Manager for Mobile Identity. “This new feature is a testament to our dedication to staying ahead of the curve and ensuring our clients can operate securely in the digital landscape. Our MobileID solution is PSD2 compliant and meets all requirements from regulated sectors.”
NovaPay and WARD Ops Select Identomat
NovaPay, a provider of online and offline financial services in Ukraine, has partnered with Identomat to improve its KYC and AML processes. This collaboration aims to bolster NovaPay’s ability to offer secure and efficient financial services.
Identomat’s AI-powered technology supports remote identity verification, ensuring compliance with regulatory requirements in over 200 countries and mitigating financial transaction risks. In just six months, NovaPay and Identomat have already served nearly a quarter of a million customers.
David Lomiashvili, CEO of Identomat, expressed enthusiasm about the partnership, highlighting the company’s commitment to optimizing identity verification processes. Identomat has passed several security and compliance evaluations, including iBeta level 2, ISO/IEC 30107-3, and ISO/IEC 27001. Together, NovaPay and Identomat aim to set new standards in customer verification and fraud prevention in Ukraine’s financial industry.
WARD Ops, an IT outsourcing provider, has also announced a strategic partnership with Identomat to enhance digital operations. WARD Ops offers services such as monitoring, incident management, QA, robotic process automation, software implementation, and integrations.
Identomat provides AI-driven identity verification and KYC solutions to support secure and compliant operations. The partnership aims to enhance security protocols and deliver integrated solutions, representing a significant step forward in providing businesses with a seamless, secure, and efficient operational environment.
iDenfy Chosen by Watchdreamer for Enhanced Security
Watchdreamer, a watch e-commerce marketplace in Switzerland, has selected Lithuania-based iDenfy to enhance its customer verification processes. iDenfy’s KYC software will ensure the authenticity of Watchdreamer’s customers, streamlining the user registration process and providing a secure purchasing experience.
The partnership addresses the challenges of fraud and money laundering in the luxury watch market. iDenfy’s advanced biometric and facial recognition algorithms will help verify the identity of users, ensuring compliance with legal requirements and increasing transparency.
Ronan Pensivy, COO of Watchdreamer, emphasizes the importance of compliance and providing an exceptional client experience. Domantas Ciulde, CEO of iDenfy, highlights the collaboration’s goal of delivering a secure and efficient online shopping journey for Watchdreamer’s customers.
Source: biometricupdate.com
The post ComplyCube, Signicat add features to strengthen fintech AML capabilities appeared first on HIPTHER Alerts.
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FP Markets Adds Two More Industry Benchmark Awards to Its Collection
SYDNEY, June 21, 2024 /PRNewswire/ — Extending its winning streak, global multi-asset Forex and CFD broker, FP Markets, was crowned ‘Most Transparent Broker’ and also took home ‘Best Trading Conditions’ for the second year in a row at the highly anticipated Global Ultimate Fintech (UF) Awards 2024. Following last year’s ‘Most Trusted Broker’ acknowledgement and the ‘Best Trade Execution’ award received in 2022, the FP Markets trophy cabinet now includes five esteemed Global UF Awards.
Established to honour the most outstanding B2C and B2B brands in the online trading and fintech domain and provide traders and businesses with an industry benchmark, the UF Awards are widely considered as one of the sector’s most sought-after prizes. Claiming two accolades this year marks another significant milestone in FP Markets’ 19-year history, especially since the UF Awards are directly determined by the votes of industry professionals, fintech enthusiasts, and online traders.
Invited on stage to receive the award, FP Markets CEO Craig Allison expressed his gratitude and commented: ‘The two UF Awards we’ve won tonight are the embodiment of what we strive to achieve as a company on a daily basis: deliver a superior trading destination for traders while at the same time uphold our core values of integrity, transparency and innovation and we continue to find ways to provide the best possible trading conditions’.
The awards ceremony took place at the exclusive Columbia Beach venue in Limassol, Cyprus, as part of the closing party of the 13th iFX EXPO International. With a record-breaking attendance of over 4,000 visitors from 120 countries and 1,400 companies, the iFX EXPO International – one of the flagship gatherings for the trading industry – brought together executives from the world’s top financial brands, fintech innovators and other stakeholders. Earlier in the week, FP Markets Global Head of Marketing, Andria Phiniefs was a guest on the panel at the iFX Expo’s Idea’s Hub ‘Marketing Beyond the Transaction: Building a Trusted Trading Brand’ speaking about the significance of ‘brand trust and reputation’ as the most important drivers behind the broker’s growth strategy.
Notes to Editors
About FP Markets:
- FP Markets is a Multi-Regulated Forex and CFDs Broker with over 19 years of industry experience.
- The company offers highly competitive interbank Forex spreads starting from 0.0 pips.
- Traders can choose from the leading powerful online trading platforms, including FP Markets’ Mobile App, MetaTrader 4, MetaTrader 5, WebTrader, cTrader, Iress and TradingView.
- The company’s outstanding 24/7 multilingual customer service has been recognised by Investment Trends and awarded ‘The Highest Overall Client Satisfaction Award’ over five consecutive years.
- FP Markets was awarded ‘Best Global Forex Value Broker’ for five consecutive years (2019, 2020, 2021, 2022, 2023) at the Global Forex Awards.
- FP Markets was awarded the ‘Best Forex Broker – Europe‘ and the ‘Best Forex Partners Programme – Asia‘ at the Global Forex Awards 2022 and 2023.
- FP Markets was awarded ‘Best Trade Execution’, and ‘Most Trusted Broker’ and ‘Best Trade Execution’ at the Ultimate Fintech Awards 2022 and 2023.
- FP Markets was crowned ‘Best CFD Broker in Africa‘ at FAME Awards 2023.
- FP Markets was awarded ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC 2023.
- FP Markets regulatory presence includes the Australian Securities and Investments Commission (ASIC) Financial Sector Conduct Authority (FSCA) of South Africa, the Financial Services Commission (FSC) of Mauritius, the Cyprus Securities and Exchange Commission (CySEC), the Securities Commission of the Bahamas (SCB) and the Capital Markets Authority (CMA) of Kenya.
- FP Markets was awarded the Best Price Execution Award at the Brokersview Awards 2024 Singapore.
- FP Markets was awarded the ‘Best Trading Experience – Africa‘ at FAME Awards 2024.
For more information on FP Markets’ comprehensive range of products and services, visit https://www.fpmarkets.com/
Photo: https://mma.prnewswire.com/media/2445245/GLOBAL_UF_AWARDS.jpg
Logo: https://mma.prnewswire.com/media/1574261/4776402/FP_Markets_Logo.jpg
![FP Markets Logo FP Markets Logo](https://mma.prnewswire.com/media/1574261/4776402/FP_Markets_Logo.jpg)
View original content:https://www.prnewswire.co.uk/news-releases/fp-markets-adds-two-more-industry-benchmark-awards-to-its-collection-302179267.html
Latest News
New Amsterdam Invest N.V. annual general meeting results: interim dividend approved
AMSTERDAM, June 21, 2024 /PRNewswire/ — New Amsterdam Invest N.V. (the “Company”, or “New Amsterdam Invest”, or “NAI”), listed on Euronext Amsterdam, announces that at its annual general meeting of shareholders, held today at Van der Valk Hotel Utrecht, the Netherlands (“AGM”), all resolutions were duly passed.
This means amongst others, that the proposed interim dividend payment has been approved; 99.90% of the NAI-shareholders voted in favor. The results of all other voting items are listed below.
Other resolutions passed at the AGM
The AGM adopted the following items including the votes cast.
As at the AGM, in total 5,315,355 votes could be validly cast. The total number of shares for which valid votes were cast at the AGM amounted to 1,965,966 being 37% of the issued and outstanding share capital of NAI.
In accordance with section 2:120 paragraph 5 of the Dutch Civil Code, the outcome of the voting on the proposals discussed at the AGM is as follows:
Agenda item |
For |
% |
Against |
% |
Abstain |
% |
|
5 |
Adoption of annual |
1,945,966 |
99.49 |
0 |
0.00 |
10,000 |
0.51 |
6 |
Advisory vote on the |
1,860,966 |
94.66 |
0 |
0.00 |
105,000 |
5.34 |
7 |
Discharge of each of the i. Aren van Dam
ii. Arie Johannes Maarten
iii. Cornelis Maartinus
iv. Elisha Sjemtov Evers |
i. 1,953,966
ii.1,893,966
iii. 1,878,966
|
99.39
97.33
96.56
97.61 |
2,000
42,000
42,000
2,000 |
0.10
2.16
2.16
0.10 |
10,000
10,000
25,000
45,000 |
0.51
0.51
1.28
2.29 |
8 |
Discharge of each of the i. Jan Louis Burggraaf
ii. Paulus Johannes iii. Elbert Dijkgraaf |
i. 1,918,966
ii. 1,928,966
iii. 1,938,966 |
98.61
98.12
98.63 |
2,000
2,000
2,000 |
0.10
0.10
0.10 |
25,000
35,000
25,000 |
1.28
1.78
1.27 |
9 |
Authorisation of the Board |
1,930,966 |
98.22 |
0 |
0.00 |
35,000 |
1.78 |
10 |
Designation of the Board of |
1,930,966 |
98.22 |
0 |
0.00 |
35,000 |
1.78 |
11 |
Designation of the Board of |
1,930,966 |
98.22 |
0 |
0.00 |
35,000 |
1.78 |
12 |
Re-appointment of BDO |
1,965,966 |
100.0 |
0 |
0.00 |
0 |
0.00 |
14 |
Interim dividend payment |
1,963,966 |
99.90 |
2,000 |
0.10 |
0 |
0.00 |
Financial Calendar 2024
- Approval interim dividend € 0,225 per ordinary share: 21 June
- Ex-dividend: 25 June
- Record date: 26 June
- Payment date: 28 June
- Publication of unaudited Half Year Report 2024 NAI: 29 August
About New Amsterdam Invest
New Amsterdam Invest N.V. is a commercial real estate company listed at Euronext Amsterdam with operating companies in the United States and the United Kingdom.
The main objective of New Amsterdam Invest is running commercial activities including the owning, (re-)developing, acquiring, divesting, maintaining, letting out and/or otherwise operating commercial real estate, all in the broadest possible meaning.
All information about New Amsterdam Invest, including its principles and objectives can be found on the company website: www.newamsterdaminvest.com
Disclaimer
Elements of this press release contain or may contain information about New Amsterdam Invest N.V. within the meaning of Article 7(1) to (4) of the EU Market Abuse Regulation.
This press release may include statements, including NAI’s financial and operational medium-term objectives that are, or may be deemed to be, ”forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms ”believes”, ”estimates”, ”plans”, ”projects”, ”anticipates”, ”expects”, ”intends”, ”may”, ”will” or ”should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect NAI’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to NAI’s business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.
View original content:https://www.prnewswire.co.uk/news-releases/new-amsterdam-invest-nv-annual-general-meeting-results-interim-dividend-approved-302179100.html
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