At SmartSearch, we have made no secret of our view that electronic verification (EV) of customer ID should be made compulsory.

There is, in my view, an overwhelming case to be made as to why electronic verification and screening are superior to manual document-based processes. The Covid-19 outbreak reinforces that case and serves further to highlight the advantages of EV over these outdated processes.

SmartSearch has added a new facial recognition feature to its award-winning digital anti-money-laundering (AML) platform, providing additional peace of mind to clients requiring visual confirmation of customer ID.

Due to the restrictions on travel currently in place in response to the Covid-19 outbreak, prospective new customers are unable to present ID documents and proof of address in person.

For years, LeanDev has achieved great success with their cloud-based platform for banks and credit institutions. It has helped customers like Visma Finans, SevenDay Bank, OPR Finance and Erik Penser Bank, to quickly and easily launch new products and services. As the company expands outside the Nordic region, LeanDev is changing its name to Vilja.

The purpose is to streamline the business and clarify the message that Vilja delivers the best cloud-based core banking platform in the market.

Pure Storage (NYSE: PSTG), the IT pioneer that delivers storage as a service, today announced the availability of Purity//FB 3.0 for FlashBlade^TM, the next generation of the industry's most advanced storage software for unstructured data. FlashBlade delivers a truly unified, scale-out fast file and object storage platform purpose-built to support modern application development, modern analytics and next-generation data protection. 

Temenos (SIX: TEMN), the banking software company, today announced that the Temenos Multifonds Global Accounting product has been awarded the status of “differentiated”, in a recent report. The 2019 8 x 8 report by Adox Research on Portfolio Management & Accounting solutions, recognized Temenos in the following five out of eight categories: Usability, Functionality, ROI, Vision, and Supplier Risk.

TransferGo, one of the world’s fastest growing money transfer companies, today announced it is extending its partnership with RDC, the global leader in compliance screening. The three-year extension will see TransferGo utilise RDC’s next-generation customer screening technology to help combat financial crime ahead of their electronic money institution (EMI) licence activation this summer.

Financial IT: Pease tell us more about GPS and your background?

Shaun Puckrin: At its core, GPS is an issuer-processor. So, we enable the evolving fintech industry to easily offer innovative payment features to their customers. We enable this via our award-winning technology platform GPS Apex, our expert employees, and our unparalleled partner network.

London-based digital asset OTC broker, Digital RFQ (DRFQ) announced this week that it has chosen Koine to act as custodian for their first commodity financing token, PGX, launched earlier this month in partnership with Atom Asset Exchange (AAX).

Vodafone Egypt, the largest mobile network operator in Egypt in terms of active subscribers and TPAY MOBILE, the leading digital payment enabler in the Middle East and Africa, announced today the launch of Direct Carrier Billing (DCB) on the Google Play store. Through this partnership TPAY MOBILE, which operates in the UAE, Egypt, Saudi Arabia, in addition to seven other countries, enables Vodafone Egypt subscribers to purchase from Google Play and conveniently charge the payments to their mobile phone bill or deduct them from their airtime balance.