The specialist asset based lending subsidiary of Bank Leumi (UK) plc, part of the Bank Leumi Group, has selected encompass confirm to support and enhance their Know Your Customer (KYC) compliance processes.

Leumi ABL provides invoice finance, stock finance, and plant and machinery finance.

The only provider of simultaneous, real-time access to multiple sources of global company and person data, encompass corporation is the creator of KYC automation for major global financial and professional service firms. 

The Government of Portugal and Cisco signed a memorandum of understanding (MoU) to accelerate country digitization. The signing followed a meeting yesterday between Portugal's Prime Minister António Costa, Cisco Chairman and Chief Executive Officer Chuck Robbins, and Sofia Tenreiro, General Manager of Cisco Portugal.

Reams have been written about who, whom, and how the fraud was perpetrated in the PNB story and it’s likely that the fraud will become a case study in business schools, and part of credit training at banks and Financial Institutions, regarding the ‘Do’s’ and ‘Don’ts’ when lending. While the fraud itself is best left to the investigating agencies to explore, there are a number of learnings for bankers even at this early stage of investigations.

There’s no denying that digital transformation is making a huge impact across the financial landscape for customers. There are mobile banks aimed at millennial customers, airports accepting cryptocurrencies and products which are increasingly personalised towards individual customers’ needs.

In furthering its reach and application, KICKICO has announced that it will be expanding into two more major exchanges in the Asian market, KuCoin and Bibox. This brings their tally up to 10 exchanges where the ICO platform’s token can be found.

KICKICO have been making progress in updating and preparing their product, and this move to become more accessible to a wider market through these exchanges marks just one aspect of their growth.

FundRequest, a decentralized marketplace built for open source collaboration, has announced a partnership with Indorse, a reward-based decentralized professional social network where users can control their data, to match talented and certified open source developers with available projects, bounties and jobs.

Gemalto, the world leader in digital security today announces its results for the full year 2017.

Philippe Vallée, Chief Executive Officer, commented: "Gemalto's second semester finished on a stronger note with solid contributions from Enterprise, Machine-to-Machine and Government Programs after a first semester impacted by very adverse conditions on our two historical markets.

UAE-based telco 'du,' from Emirates Integrated Telecommunications Company (EITC), and Cisco announced a collaboration to build a future-proof network that is designed to support du's rapid transformation into a digital service provider. The announcement was made to coincide with Mobile World Congress 2018, being held 26 February to 1 March this year.

Global network provider BSO has enhanced its low-latency route between the Singapore (SGX) and Hong Kong (HKEX) Exchanges, as demand for faster trading across Asia increases.