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TONIK raises $6M VC round led by Insignia, Credence

TONIK Financial Pte Ltd (“TONIK”) announced today that it closed a $6M round of equity funding.  The round was led by regional VC investors Insignia Ventures Partners and Credence Partners, with a significant participation from regional family offices and angel investors.   TONIK will use the funding to launch its digital bank in the Philippines, targeting the start of commercial operations in Q3 2020. 

Monday, February 24, 2020 - 13:19
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/news/equities-trading/tonik-raises-6m-vc-round-led-insignia-credence
Financial IT
Aquis Exchange appoints Dabvid Buik as consultant

Aquis Exchange PLC (AQX.L), the exchange services group, which operates the pan-European cash equities trading business, Aquis Exchange, today announces that renowned business commentator David Buik will join the Company as a Consultant on 2 March 2020. 

Monday, February 24, 2020 - 12:54
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/news/people-moves/aquis-exchange-appoints-dabvid-buik-consultant
Financial IT
Leading French banking group engages AxiomSL’s comprehensive Global Shareholding Disclosure (GSD) solution

AxiomSL, the industry’s leading provider of risk and regulatory reporting solutions, announces an agreement with a global financial institution in France to implement AxiomSL’s Global Shareholding Disclosures (GSD) solution on its data integrity and control platform, ControllerView. The firm is part of a leading Tier-1 French banking group that engages in a range of banking activities, including global asset management.

Monday, February 24, 2020 - 12:48
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/news/fraud-detection/leading-french-banking-group-engages-axiomsls-comprehensive-global-shareholding
Financial IT
BBVA’s Turkish franchise announced its decision to turn to renewables to power its corporate buildings, subsidiaries and branches

Garanti BBVA has signed the 100 percent Renewable Energy Agreement, according to which, in 2020, it will source the 90 million kWh it requires to power a total of 813 branches and 45 corporate buildings from renewable sources. This figure is equivalent to the consumption of 30,000 households.

Monday, February 24, 2020 - 12:47
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/news/financial/bbvas-turkish-franchise-announced-its-decision-turn-renewables-power-its-corporate
Financial IT
Global data intelligence provider Glantus acquires vendor credit recovery leader JPD Financial

Glantus, a global provider of financial automation and data intelligence solutions, is today announcing that it has acquired JPD Financial, the industry leader in Vendor Credit Recovery ® services. The acquisition will bring new levels of automation and AI to credit recovery and financial processing offered to global businesses and shared services units.

The acquisition of JPD Financial creates a business with a turnover of approximately $12m, and brings global service delivery expertise to the Glantus family of companies

Monday, February 24, 2020 - 10:19
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/news/ma-deals/global-data-intelligence-provider-glantus-acquires-vendor-credit-recovery-leader-jpd
Financial IT
IDEX Biometrics set to drive down cost of biometric smartcards with new TrustedBio™ family of products and solutions

IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, today announced the launch of TrustedBio™ — a new family of dual-interface products and solutions designed to reduce biometric smartcard cost while improving both performance and security.

Monday, February 24, 2020 - 09:47
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/news/security/idex-biometrics-set-drive-down-cost-biometric-smartcards-new-trustedbiotm-family
Financial IT
Network International to power WeChat Pay in the UAE

Following an agreement between Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region and Tencent Holdings Limited, official developer of WeChat Pay, the mobile payment service will soon be widely available to Network’s merchant partners across the UAE.

Monday, February 24, 2020 - 09:40
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/news/payments/network-international-power-wechat-pay-uae
Financial IT
What is Synthetic Identity Theft

Identity theft is when a person steals another person’s private and personal information, generally to make money from it. You probably already knew this, but have you heard of synthetic identity theft? This is a bit different.

With synthetic identity theft, a person creates a new and very fake identity by combining the real information from a person with made-up information. You might not think this is a big deal, but it can be very bad for anyone who has their identity stolen.

Here are three ways that ID thieves can create synthetic identities:

Monday, February 24, 2020 - 07:41
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/blog/financialservices/what-synthetic-identity-theft
Financial IT
IHS Markit and Saudi Stock Exchange (Tadawul) Launch Local Currency Saudi Government Sukuk Indices

IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, in collaboration with the Saudi Stock Exchange (Tadawul), today announced the launch of the iBoxx Tadawul SAR Government Sukuk Index, a riyal-denominated index aimed at tracking the performance of Saudi government Sukuks. The index is the first of a series of benchmarks for Saudi government Sukuks to be created using Tadawul’s market data and the bond pricing expertise of IHS Markit.

Monday, February 24, 2020 - 07:32
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/news/data/ihs-markit-and-saudi-stock-exchange-tadawul-launch-local-currency-saudi-government-sukuk
Financial IT
ICSFS sets a new standard of scalability and proofs viable solutions for the largest banks with Oracle Exadata

ICSFS, a leading universal core banking provider, with over 100 customers across the Middle East, Africa, South East Asia, Central Asia and Europe, invests in its software suites by utilising modern technology in launching new products, constructing a secured and agile integration, and keeping pace with new standards and regulations worldwide.

Monday, February 24, 2020 - 07:24
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/news/islamic-finance/icsfs-sets-new-standard-scalability-and-proofs-viable-solutions-largest-banks
Financial IT

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