In the 20th century, we saw how automated machines transformed supply chains in the manufacturing and industrial sectors, with the key objectives of increasing productivity and streamlining logistics. Today, we are seeing a new wave of transformation with the emergence of cutting-edge technologies that have the power to further revolutionise supply chain efficiency.

Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, recently carried out an analysis of Anti-Money Laundering (AML) related penalties handed down between 1 May and 31 August 2019.

Key observations from the analysis are as follows:

Allevo, a Romanian financial software company, is being recognized as winner for innovation, at 2019 European Business Awards, one of the world’s largest business competitions of this kind.

Objectway achieved recognition from Celent, the renowned research and advisory firm focused on financial services technology, as a key player in the report Client Reporting: the shift in delivery from low-value data to high-value information.

TreasurySpring, the London-based financial technology company today announced the closing of its latest capital raise, securing £2m of investment in a round that was led by ETFS Capital, with participation from MMC Ventures and existing investors. The round was more than three times oversubscribed and the company has now raised more than £3.5m since its first external capital injection in November 2017. 

Globally e-commerce is booming. According to industry estimates digital commerce is projected to grow at a 20% CAGR to reach $5.8 trillion by 2022.  At the same time fraud losses are mounting.

Emirates NBD customers in the UAE will soon be able to get banking updates, track spends as well as listen to daily market briefings on their Amazon Alexa devices, as the bank continues to lead digital innovation in the MENA region with new Voice Banking solutions powered by “Amazon Web Services” (AWS).

 PrePay Solutions (PPS), subsidiary of Edenred, the global leader in payment solutions for the working world, has been granted an E-Money Licence from the National Bank of Belgium (NBB) and has opened an office in Brussels.

Through dedicated banking partners, the Meniga Rewards app allows consumers to earn personalised, card-linked rewards, discounts and cashbacks, while offering retail brands a unique way of communicating relevant offers to customers.