Adrian Black, Founder and CEO of Contego, speaks with Financial IT about KYC and biometric verification at FinTech Connect Live 2016.

Adrian Black, Founder and CEO of Contego, speaks with Financial IT about KYC and biometric verification at FinTech Connect Live 2016.

Rasmus Groth, Founder of  Veridu, speaks about fraud detection and KYC at FinTech Connect Live 2016 in London.

Target Group, the financial services outsourcing and software provider is delighted to announce the signing of a new two year contract with the DVLA for their award winning payments system.

Arvato Financial Solutions, a leading global financial services provider, today announced an agreement with NuData Security, an award-winning international expert in passive behavioural biometrics, to join forces. The partnership will enable clients to focus on good customer experience, balancing complex fraud mitigation strategies in compliance with local data protection regulation.

Bitwage, a Silicon Valley start-up launched in May of 2014, announced that the company has won a French Tech Ticket competition. The company will be further granted with €57,000 from BPI France, a large public investment bank owned by French government.

Cobalt DL, the FX post-trade processing network based on distributed ledger technology, today announced that Citi has become an investor and one of the launch clients for their Cobalt FX post trade solution.

Cobalt DL has commenced beta testing with a number of leading FX participants on its private peer-to-peer network that uses distributed ledger technology to significantly reduce risk and cut post-trade costs by up to 80%. Cobalt DL’s FX solution is set to launch in 2017, with 15 leading institutional FX participants already committed to the service.

EverCompliant, the cyber intelligence company, pioneer and industry leader of transaction laundering detection and prevention, announced today the completion of a $9.5 million Series A funding round. The round was led by Arbor Ventures and included existing investors Carmel Ventures, StarFarm Ventures and Nyca Partners. With this investment, Melissa Guzy of Arbor Ventures has joined the Board of Directors of EverCompliant.

IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that Markit FRTB Studio, an aggregation and capital analytics engine, has processed a portfolio of one million trades in single digit seconds on a European bank’s Hadoop infrastructure as part of a successful proof-of-concept. This high-speed performance enables banks to understand the capital implications of business decisions in near real-time in relation to the Fundamental Review of the Trading Book (FRTB) standards.

Financial innovation firm R3 has announced Credicorp as the first Spanish-speaking Latin American financial institution to join its consortium to design and apply distributed and shared ledger-inspired technologies to global financial markets.