OpenText™, a global leader in Enterprise Information Management (EIM), today announced that Lycamobile, the world’s largest mobile virtual network operator (MVNO), has selected OpenText to provide a digital back office for its Legal and Accounts Payable departments. Lycamobile will use multiple products from OpenText's Release 16 platform, including Process Suite, Content Suite, and Contract Centre to help cut costs and increase efficiency by digitally transforming its legal and invoice processes.

Lycamobile is the world’s largest mobile virtual network operator, operating in 23 countries across five continents. It is the market leader in the international prepaid mobile calls market, with over 15 million customers worldwide and a new one joining every two seconds.

For the first phase of the project, Lycamobile has deployed OpenText Process Suite to digitise and automate the Accounts Payable process, and OpenText Contract Center to support its legal teams. Both of these solutions feed into OpenText Content Suite, providing a single, secure source of truth for AP and legal documents, and reducing the burden of administering physical documents. The teams will generate invoices and contacts digitally and automate key parts of the approval and processing workflows, using Content Suite to store and index documents. Lycamobile plans to expand its use of Content Suite to support the whole head office, encompassing all invoices and contracts, and extending to other departments.

"We chose OpenText because of its proven enterprise-grade technology and powerful integrations," said Prem Sivasamy, deputy chairman at Lyca Group. "We wanted a set of solutions that would integrate with our existing digital systems and support the changes we make in the future. We believe OpenText could deliver just what we needed on that."

"We are looking forward to using OpenText’s digital back office to digitise our infrastructure and processes,” said Sivasamy. "With OpenText's platform, including the ability to work across all devices, our processes flow much more smoothly."

DigiPulse, the world’s first ‘digital cryptocurrency vault’ which provides an inheritance service for digital and crypto assets, has its DGPT token now listed on Cryptopia and Etherdelta.  The community’s confidence in the project is reflected in the value of the DGPT token, which was listed onCryptopia on Monday 20 November and has continued to increase in value.

The company has just closed a token sale which raised 3,474 ETH, which at the time of going to press is equivalent to almost $1.4million. It is arguably the first Latvian firm to do so. 

Cryptopia (https://www.cryptopia.co.nz) is the 41st biggest cryptocurrency exchange out of the 170 listed on Coinmarketcap. As a company coming from a startup background, the team was resolved on cooperating with the self-made New Zealand based exchange due to the authenticity of their journey to success. Being listed on Cryptopia enables anyone to trade DigiPulse DGPT tokens not only with Ethereum (on Etherdelta), but also with Bitcoin, Litecoin and Dogecoin.

Speaking at a privately held Rietumu FinTech Club event dedicated to the topic of building trust, DigiPulse CEO Normund Kvilis stressed that after several rejections from accelerator programs, “we were almost ready to scrap our idea, until the opportunity presented itself in the form of cryptocurrencies.  This was perfect because our service addresses one of the major flaws that cryptocurrencies themselves have, which is that in order to use cryptocurrencies you need to have a digital wallet.

“Cryptocurrency wallets consist of a public address and a password. If you lose either one of them, your assets are stuck in internet limbo. We offer, firstly, a way for you to pass your assets on, with an inheritance service, and secondly, a failsafe solution – in case your PC gets lost or your house burns down.  You can still access everything that you have stored. 

“We were in the right place at the right time and a lot of people were thinking about how to solve this problem.  It was the opportunity to involve ourselves in a exciting, new and developing market: cryptocurrencies.”

Normunds Kvilis continues, “Our system is based on smart contracts on the Ethereum blockchain, which are put together on top of our own blockchain which encrypts and stores the data in small chunks so it is practically impossible to hack.

“We are seeing a great deal of support from the crypto community because they are in need a product like this.  As people begin to use cryptocurrencies for a broader range of applications and hold significant crypto assets for investment, we must ensure that their families or friends receive their belongings if the worst does happen.”

If the customer chooses to remain anonymous, there is no requirement for them to share their details and the system can work by tracking activity by their digital wallet.

Leaders of Bermuda's global business sector highlighted the breadth, advantages and significant economic impact of the island's financial market during an awareness-raising cross-industry forum held in London today by the Bermuda Business Development Agency (BDA).

Premier the Hon David Burt officially opened the day-long forum after meeting with Britain's Prime Minister Theresa May. The Premier is in the city for the BDA event as well as annual Joint Ministerial Council (JMC) meetings and various Parliamentary events, followed by planned visits to Paris and Berlin later in the week.

"Our government supports events like this BDA forum, because it's important to engage people from around the world to help accomplish our goals growing Bermuda's economy," said the Premier. "Bermuda has a very powerful story to tell as a well-regarded international financial centre known for robust regulation and leadership on transparency and compliance. We believe this is an excellent platform to talk about Bermuda's role in supporting global economies. It's important, because we trade on that reputation."

The forum attracted close to 250 delegates, encompassing a wide range of industries, to ME London Hotel in the city's West End. Featuring top regulatory and industry representatives in discussion panels, the agenda covered hot-button topics such as Brexit and the recent theft of "Paradise Papers" law-firm data, while emphasising the many elements that differentiate Bermuda-from the island's world-respected regulator and access to capital to its deep pool of valuable industry expertise. Speakers also examined the varied sectors that make Bermuda a centre of excellence, including re/insurance, captive insurance and insurance-linked securities, to asset management, family offices, and trust and private-client business.

"The forum has provided us with an opportunity to tell the Bermuda story at a critical juncture when the European spotlight is on international financial centres," said BDA CEO Ross Webber. "Our jurisdiction has a compelling message, and people are beginning to understand that Bermuda really is different."

Forum panels in the morning covered risk-industry topics-from insurance trends and the outlook for 2018 to why Bermuda remains "the World's Risk Capital." Afternoon sessions focused on the rapidly-growing convergence of re/insurance and asset management, then moved to examine high-net-worth services, family governance and charitable trust structuring.

The day's line-up featured 25 Bermuda executives, including Bermuda Monetary Authority CEO Jeremy Cox; Bermuda Stock Exchange CEO Greg Wojciechowski; Association of Bermuda Insurers & Reinsurers President Brad Kading; Grainne Richmond, President of the Bermuda Insurance Management Association (BIMA); and Keith Robinson, Chairman of the Society of Trust & Estate Practitioners (STEP) Bermuda.

Keynote speaker, Deputy Chair of Lloyd's and Hiscox Chair Robert Childs, described Bermuda's speed to market and detailed the many advantages Bermuda had lent to Hiscox.

"The forum gathered government, industry and regulatory experience to give attendees an opportunity to be exposed to the Bermuda market," said BMA CEO Jeremy Cox. "That kind of collaboration is part of what has made Bermuda successful. Certainly, given the times we're in, that's important-because there's been a lot of misinformation in the media about our jurisdiction. This has given us an opportunity to set the record straight."

Other Bermuda-based executive participants included Mark Allitt of KPMG Bermuda; Sarah Demerling of Estera; BDA former chair and Hiscox Director Caroline Foulger; David Gibbons of PwC Bermuda; Ed Granski for Meritus Trust; Randall Krebs of Harbour International Trust Company; BDA Board member Jessel Mendes, of EY Bermuda; Michael Neff of Butterfield Bank; Michael Parrish of Marsh Bermuda; Peter Pearman of Conyers Dill & Pearman; Brian Quinn of Granite Management; Fozeia Rana-Fahy of MJM; Aon CEO Joe Rego; Andrew Smith of Qatar Re; Ariane West of Taylors in association with Walkers; Arthur Wightman of PwC Bermuda; Kim Willey of ASW Law; and Akilah Wilson of the BMA.

"We were very impressed by the support not just from Bermuda industry but from friends of Bermuda here in the UK," Webber added. "We had over 20 different companies represented at our forum; that's a marvellous endorsement of the work of the BDA, and a great reflection of the collaboration of the Bermuda market. It's very rewarding to see Bermuda so well represented and supported."

Overseas presenters included Richard Hay of Stikeman Elliott, London; Siân Hill of KPMG UK; and Samantha Morgan of RMW Law.

"It's about working relationships with the right people - we're not just marketing the jurisdiction," said Jessel Mendes, a BDA Board member and Partner at EY Bermuda. "We're really selling, and I think that's critical. It's about working the relationships with the right people to bring business back to Bermuda. Today, the focus is on the relationship, on business development, and on sales. That's a new mindshift and I believe credit for it goes to the BDA."

Tomorrow, a second industry event-"Beyond Convergence"-will also take place at the hotel, focusing solely on insurance-linked securities. Organised by ILS Bermuda to dovetail with today's forum, it will provide a more detailed look at Bermuda's success in attracting capital, expertise and clients to the sphere of alternative reinsurance. Featured speakers will include some of the same industry executives, including the BSX's Wojciechowski, the BMA's Cox, ABIR's Kading, and BDA's Webber.

As blockchain and cryptocurrency companies continue to raise millions of dollars in funding, there's an urgent need in the market for companies and investors to be able to better manage its cryptocurrency assets with hedging products and tools. Olympus Labs believes that by offering financial tools and protocol, crypto- based companies and investors will be able to have more control by protecting their downside risk in an otherwise extremely volatile market.

"Olympus Labs is an integrator of cryptocurrency-based financial products (e.g., indices, ETFs, options, futures, etc.). Olympus, third-party financial product developers, and Fintech applications build the products which include but are not limited to exchanges, market analytics tools, payment services, etc. (e.g., Kyber, Shapeshift, Sentiment)," explains Kai Chen, CEO of Olympus Labs.

On November 27, 2017 due to the high demand from outside investors Olympus Labs opened its doors for its Pre-ICO token sale.

The Olympus product is viable and has huge long-term potential. As for competition, it fills an evidently empty space in the cryptocurrency market, practically guaranteeing that Olympus' offerings will be used-and that this usage will generate profits. Olympus's mission is to "define the protocol for crypto-based derivatives," and it seems clear that these products will help mature the market beyond the current spot market.

The first of Olympus's products will allow one to borrow and lend bitcoin. Cryptocurrency index funds will be the second Olympus product to hit the market. These index funds will allow investors to buy into multiple cryptocurrencies at once, with profits moving with the market as a whole instead of with individual spot cryptocurrencies. Through customizable fintech-focused smart contracts, exchanges will be able to quickly and easily make their own indices which track the overall trend of cryptocurrencies traded on that exchange.

To Participate in the Pre-ICO

The Olympus Labs Token Sale started at 8 pm (GMT+8/UTC 12pm), 27 November 2017, and ends at 8pm (GMT+8/UTC 12 pm), 3 December 2017.Olympus Presale terms: Investors contributing more than 100 ETH, will get 10% bonus (1 ETH = 677 Olympus tokens). This will take place after ICO, and those who passed the KYC process, will be issued MOT, the rest who failed in KYC, will be refunded with ETH. For additional information and terms of the sale please visit the Olympus Labs website.

RealVNC, the original developer and provider of remote access and support software, has today demonstrated a brand new video teller extension to their remote access VNC SDK. Ideal for financial institutions and service providers operating Smart ATMs and self-service transactional devices, this new capability enables the sharing of a secure video stream between a support center and transactional devices located at bank branches or remote sites. Unlike historic video teller approaches that require expensive proprietary hardware and software, RealVNC’s remote access capabilities allow ATM operators to restore the human touch to digital banking with a cost-effective and sustainable software strategy.

In an increasingly digital and automated world, financial institutions have the huge challenge of maintaining excellent customer service and if they get this wrong, the consequences can hit their bottom line. In this highly competitive industry, poor service increases customer churn and damages valuable reputations. RealVNC’s remote access software with the new video teller capability dramatically improves the customer experience of using complex transactional devices. Remote support agents can step customers though a transaction in real-time, supporting them with guidance and screen annotation. Using the new video teller capability, customers can now see the remote support agent who is helping them and the agent can see the customer as well as their screen. A support agent can even share an appropriate video tutorial to provide further explanation, or upsell new services with a video overview of a relevant product.

“Because of the unique relationship that banks must maintain with their customers, RBR Branch Transformation in London is the perfect event to debut the addition of secure video streaming to our remote access software,” explained Matt Grant, Business Development Director at RealVNC. “Financial institutions are searching for affordable strategies to maintain high customer service standards and our lightweight software can be easily deployed on legacy ATMs and newer devices that offer much more complicated transaction options. Technology is fundamental to the success of digital banking strategies, but all too often the customer experience suffers in a drive to transform branch operations. Our software with this latest video teller capability is helping financial institutions and many other industries embrace sophisticated devices without sacrificing the human touch.”

Matt Grant from RealVNC will be speaking about the customer service challenge on November 29th at RBR Bank Transformation 2017 in London. Visit the RealVNC website to view videos explaining how the new real-time video teller capability is used in financial services and consumer electronic applications.

Lime Brokerage, a Wedbush Company and a leading provider of technology and market access, today announced a partnership with CQG, a platform for integrated trade routing, global market data, and advanced technical analysis tools, to offer Lime’s suite of premium futures algorithms on CQG’s platform.

Lime’s algorithmic execution and technology residing on the CQG platform places a suite of tools at the hands of futures traders to facilitate large orders at Lime speed and quality. In addition to the highest quality algorithms, customers will get superior servicing by a team of experienced algorithmic trading specialists who will engage in building fully bespoke algorithms. 

“CQG is excited to offer Lime’s suite of algorithmic strategies on our Integrated Client platform,” said Mike Glista, Senior Vice President at CQG. “This integration gives CQG customers access to flexible and proven futures trading strategies without the need for custom development.”

“This is a fantastic opportunity to provide quantitative strategies for the masses,” said Rich Jablonski, CEO of Lime Brokerage and Executive Vice President of Wedbush Securities. “The ability for CQG’s individual high volume traders to have access to Lime’s proprietary algorithms is an amazing value-add offering for our clients as well as a unique bonus for both firms.”

Creating an integrated and consistent view of data across the business is the main challenge global banks are currently facing across EMEA, APAC and North America. That’s according to a new survey, released by Wolters Kluwer’s Finance, Risk & Reporting business that reveals approximately 90% of banks point to having major concerns about data management in today’s constantly evolving regulatory landscape.

The survey, which is designed to analyze how banks are optimizing data strategies to achieve regulatory compliance, found that only 10% of respondents stated that they were neutral on data management concerns, and nobody reported “no concerns.” The survey, conducted in association with Risk.Net, also reveals that 60% of bank respondents cite achieving data requirements as the main regulatory compliance challenge. Other main challenges include regulatory reporting (approximately 20%) and complex real-time analysis (also approximately 20%). Risk.net, published by Infopro Digital, is a leading source of global news and analysis on risk management, derivatives and financial regulatory developments.

Worryingly, just 17% of respondents claimed to have the right systems and procedures in place to support their regulatory compliance efforts. The remaining 83% said that were planning to work on achieving suitably robust systems and procedures in light of mounting global regulatory challenges.

While approximately 42% of respondents cited creating an integrated and consistent view of data across the business as their main challenge, just 3% cited the disruption of FinTech start-ups as a concern. Other noted challenges were keeping up-to-date with the pace of regulatory change (19%), keeping to respective regulatory deadlines (20%) and providing more detailed and granular data to the regulator and senior management (16%).

Tellingly, almost 70% of respondents suggested they have grievances with multiple legacy products comprising multiple technologies and inflexible technology support.

When it comes to detailing which regulatory initiatives will have the most resources devoted to them in 2018, there was a clear winner in the International Financial Reporting Standard (IFRS) 9 and 16 and the Current Expected Credit Loss (CECL) standard. Almost half of respondents cited these upcoming financial standards as having pride of place for IT resourcing. Other notable projects include technology implementations around the Fundamental Review of the Trading Book (FRTB) (12%), Liquidity Risk Reporting (9%), AnaCredit (6%) and Interest Rate Risk in the Banking Book (IRRBB) (3%). The remaining 20% said they plan to devote most resources to local regulatory changes.

In the past few months leading financial services firms from across the world have implemented Wolters Kluwer’s OneSumX solution for Regulatory Reporting, Risk and Finance (including IFRS 9 solutions). Major financial services providers that have publicly announced their use of Wolters Kluwer in the past year include Nordea, BBVA, CIBC, Equitable Bank, LGT, Australia’s Queensland Treasury Corporation and The Swedish Export Credit Corporation.

“Global and local regulators are demanding ever-greater integration across business processes, more invasive and broader scope in management and reporting, and faster reaction to change of regulations. The survey findings demonstrate that banks are fully aware of the data challenges and now need to put plans in place to ensure their systems are up to the task,” comments Rajat Somany, Global Head of Strategy, Product and Platform Management for Wolters Kluwer’s Finance, Risk & Reporting business. “Our OneSumX solution suite for Finance, Risk and Regulatory Reporting offers integrated regulatory compliance and reporting solutions for managing these ever more complex obligations.”

CryptoFriends is coming to Singapore with another of its infamous ICO-Hypethons, taking place within Blockshow Asia in partnership with Cointelegraph on November 29-30. This exclusive, 2-day event will welcome the leading blockchain-based projects, experts, investors and mentors and over a thousand attendees from all over the world.

An original event concept in the crypto community, the ICO-Hypethon is a mix of hackethon, accelerator, incubator, speaker conference and networking event. Ten of the planet’s most promising ICO-ready projects will be carefully handpicked to find investors, get mentors’ tips and support and finally launch their blockchain products and services right there at the event.

Before each launch, the teams will host Q&A’s with experts and participants. Standing face-to-face with potential backers, the projects’ founders will answer any questions the audience might have. Each ICO will offer special conditions and bonuses to any investors who choose to pledge their funding.

CryptoFriends is an international group which organizes high-end, unique, blockchain-related events where top notch crypto personalities, investors and blockchain-based projects from all over the world gather to share their ideas and establish long-term partnerships and friendships.

CryptoFriends CEO Daria Arefieva says, "We are so excited to work with Cointelegraph and bring our Hypethon concept to BlockShow Asia 2017. Our last Hypethon in St. Petersburg gained huge interest in the industry and we are looking forward to once again bringing together the best ICO projects and investors in the amazing city of Singapore.”

“ICOs are becoming increasingly popular and the world is watching, so it’s vital that the community works together to ensure that projects with genuine potential can get the help they need. The Hypethon is also an amazing opportunity for investors to get a full understanding of these projects before deciding to commit their support.“

Five ICO projects have already been selected to take part. They include blockchain trading solutions provider United Traders and marketing/AR gaming platform Izetex who, along with VR content startup, ProSense, won their spots at the Hypethon in a pitching contest at CryptoFriends most recent meetup in Barcelona.

More than $200m has been raised by startups at previous Blockshow events. Teams interested in taking part this year in Singapore can register at https://hypethon.cryptofriends.io/ Further information about the Hypethon and visitor tickets are available from the same site.

CryptoFriends is also hosting an exclusive, free rooftop party following the conclusion of the Hypethon. The CryptoFriends HypeUp will feature further ICO pitches, a panel discussion by leading crypto funds experts and a special live performance by Moscow-based pop group, Pompeya. Tickets are available from

NICE today announced that Turkiye Garanti Bankası A.Ş., Turkey’s second largest private bank, is using NICE’s leading analytics solution to boost efficiency, improve customer satisfaction, and ensure greater regulatory adherence.