• Product Reviews
• 26.09.2022 06:04 pm

Growing awareness of Islamic banking products and their benefits have increased the demand for innovative Islamic banking products and solutions. Banks require innovative solutions to not only deliver these options to customers, but also address the numerous challenges in today’s increasingly complex business environment such as keeping up with emerging technologies, ensuring compliance with changing regulations, and customer demand for more personalized and customized experiences. ETHIX NG is the next generation core banking system by ITS designed to address the challenges of a transforming financial services industry and empower banks to meet customer needs while succeeding in the Digital Economy.

Flexible & intuitive interfaces

ETHIX-NG is equipped with an Intelligent Factoring and Invoice Financing Automation Engine designed to handle the full factoring business needs of banks and financial institutions while minimizing human error. With flexible end-to-end operations combined with unmatched scalability, ETHIX-NG transforms complex factoring and invoice financing processes into flexible and intuitive interfaces with dedicated workspaces for different employee types and for the in-store borrower.

Reduces risk

ETHIX-NG Factoring Engine reduces credit risk, empowering banks with the tools to make the right decisions that ensure effective loan approvals, and with rule-based credit decisioning, ETHIX-NG reduces the risk of non-repayment. Credit decisions takes seconds and ensure you’re working with the right borrowers on the right terms.

Fully digital experience

ETHIX-NG is an easy-to-use system with a fully digital experience making the financing process quick and easy for organizations, borrowers, and employees. ETHIX-NG fully automates the debt collection process for the factoring operation of any scale. Thanks to the intuitive built-in functionality and integrations with payment providers, you can customize the collection process, report on collected instalments, and receive money straight to your account.

Batch Processing

ETHIX NG Batch Processing Module provides financial institutions with the capability to conduct efficient and effective batch processing of transactions. The Module allows for the definition of a set of recurring and / or nonrecurring batches of work, facilitating the designation of balanced groups of transactions that are to be processed throughout the day which can be based on a defined frequency.

Unlimited & Customized

ETHIX NG Batch processing enables financial institutions to setup, Batch Transfer files, which can contain transactions between two accounts or more, Placing Holds, Releasing Holds or Collecting Charges. The dynamic system provides an unlimited number of templates and formats of Batches, either in text or excel, that are available to be defined by the institution based on their specific business needs and taking into consideration all validation and security requirements, such as hash total validation, user limits and access validation, auto-retries handling and more.

Compliant customer onboarding

ETHIX-NG Customer Management interface is a multi-channel customer on-boarding solution that is intuitive, interactive, and user-friendly. The interface provides online customer opening forms that can be accessed at any time and from any device while remaining fully compliant with regulatory standards such as Blacklist, FATCA, CRS, AML, Risk Rating and Credit Rating.

 Intuitive & agile

Designed with a three-decade-long understanding of customer onboarding related challenges, the ETHIX NG Customer Management interface is smart, comprehensive, and simple. Users have the flexibility to complete online applications in one session or save intermittently and come back later for completion. The flexibility of ETHIX NG Customer Management’s Configurability provides a future-proof solution that helps banks and financial institutions adapt to a dynamic market and changing customer needs.

Customer satisfaction guaranteed

With improved turnaround times and enhanced services, higher risk tolerance level and de-risking of business processes, ETHIX NG guarantees higher levels of customer satisfaction.

Simple and fast

ETHIX-NG easily captures customer data from external sources with automatic data population making the customer onboarding experience faster and easier. The Card Reader can be used with identification documents including CIVIL ID cards, with data auto fetched and pre-filled into the application form reducing the need for additional typing or validation steps. ETHIX-NG also supports multiple biometrics for verification throughout the customer on-boarding journey in addition to allowing digital signature handling to support organisations aiming for a paperless workplace.

Controlling credit risk

ETHIX NG supports banks and financial institutions in managing and controlling credit risk, providing the banks and financial institution with a flexible end-to-end functionality combined with unmatched scalability to reduce risks and minimize human errors. ETHIX-NG’s Intelligent Credit Analysis and Facility Granting module, allows banks and financial institutions to control credit risk at all levels. This includes at the point of origination, upon individual account review, at the portfolio level, and also to control operational risk using ETHIX-NG standardized workflow to enforce credit management policies.

Accurate analysis

Financial statement analysis is a key process in Corporate Financing and ETHIX-NG Financial Analyzer provides unmatched flexibility in the ability to define financial spreading ratios and calculations. On the retail side, ETHIX-NG provides a template-based retail credit analysis, and according to the financial institution’s needs, a credit analysis template can be designed with the ability to create score cards for different products, define the factors inside the score cards and evaluate the customer automatically.

Robust Collateral Management

ETHIX NG delivers a robust Collateral Management Engine that enables banks and financial institutions to define collateral categories, such as Vehicle, Commodity, Property, Shares, Portfolio, etc. and design the needed input data by collateral category.

Eliminating guess work

ETHIX-NG’s Rule Based technology automates processes, including application approvals to create an effortless user experience. Using Industry-leading scoring technologies, ETHIX NG eliminates the guesswork in Financing and credit decisions, even with high-risk clients. Its sophisticated self-learning algorithm supports the credit management operation in making faster and more accurate decisions, while its rule-based credit decisioning reduces the risk of non-repayment. With ETHIX NG automatic or semi-automatic decision making that is made in seconds can ensure the banks and financial institution is working with the right borrowers on the right terms.

Simplifying & automating the credit decision process

Banks and financial institutions are faced with increasingly complex credit scenarios with the need to incorporate a variety of risk-related information about their customers. ETHIX-NG provides an integrated and easy-to-use solution built around the unique needs of the credit decision process. ETHIX-NG improves productivity throughout the entire credit lifecycle by centralizing information from many sources and by automating routine tasks. This also substantially reduces paper usage by providing a convenient electronic credit file.

Flexible & Automated

The Collateral Management Engine allows banks and financial institutions to create collateral pools and attach the finance/deposit/limits to the collateral pool or attach individually to multiple collaterals with different lending values, supporting the attaching of both cash and non-cash collaterals to the accounts with multi-currency capability. ETHIX NG Collateral Management Engine facilitates the processing and automatic revaluation of collaterals affecting customers’ financial statements and position.

Streamlining Financing

ETHIX-NG provides a complete end-to-end Financing management operations solution that brings origination, analysis, underwriting, documentation, and executive reporting together in a collaborative, streamlined way. ETHIX-NG addresses the workflow management needs for the entire Financing operations through a unified, relationship-centric view of the customer’s financial data, supporting documents and portfolio management capability.

Dynamic Workflow

ETHIX NG Finance Origination & Operation Engine is completely managed by a dynamic workflow configured by the banks and financial institution. The Engine provides the User with the facility to define properties of the cash flow plan which will be used in each transaction, in addition to defining the business model that the banks and financial institution can apply. This is mapped at the end to Fixed Native Applications related to the Banking and Financial Industry including Finance, Leasing, Trading, Investment & Treasury and Reverse Financing.

Dynamic Finance Management

ETHIX NG Finance Management Engine automates the lending operations of Islamic banks and financial institutions, supporting all types of lending products such as Personal Finance, Syndicated Loans, Murabaha, Istisnaa and others. The Engine provides a variety of finance profit calculation methods, a flexible rates mechanism, and a dynamic repayment schedule generation engine that can support an unlimited number of payment schedules.

Comprehensive Agility

The Finance Management Engine delivers optimal flexibility to banks and financial institutions. The Engine facilitates skipping a payment, early payment or finance payoff, in addition to the offering of flexible charges and commissions capabilities that provide the banks and financial institution with the ability to define their own charge matrix and apply this charge within the finance life cycle while including VAT and other Tax schemas.

Intuitive Automation

ETHIX NG Finance Management Engine allows the facility for auto collection of instalments from customer account on the due date, with multi-settlement capabilities and the definition of a coverage account in case insufficient balance available in the main settling account. The intuitive Engine Automatically applies a hold on the account for the past due instalment in order to retry collecting the amount once the funds are available.

About ITS

International Turnkey Systems (ITS Group) provides advanced technology solutions for banks, government, and other private sector organizations across a wide array of industry, with demonstrated technology competencies and high-end skill capabilities that support client’s critical business functions Headquartered in the State of Kuwait, with R&D facilities in Kuwait and Cairo and a presence throughout the Middle East, Africa, the Americas, the Caribbean and the Russian Commonwealth (CIS), ITS Global Business Solutions Development Center (GBS) in Cairo delivers Managed Services globally, bringing expertise to all stages of the software development process, and providing the support companies need to transition from legacy systems to new technologies. Our award-winning flagship solutions package, ETHIX, supports the digital transformation of financial institutions and is trusted by leading banks worldwide.

• Product Reviews
• 26.09.2022 05:32 pm

Islamic investing is grounded in Islamic finance principles, which aims to meet investors’ financial needs with integrity and in a manner that is fair, trustworthy, honest and ensures a more equitable wealth distribution. Islamic investing is beginning to be seen not only as a religiously guided investment but also as an ethical form of investing that promotes real economic activities that are socially desirable.

An End-to-end Investment Management solution.

ETHIX NG is the system of choice for banks and financial institutions to bring their global Investments and Treasury business into a single platform. Encompassing an array of the pre-configured, customizable treasury, capital markets and investment products.
Our holistic solution fosters rapid time-to-market for new products, allowing organizations to transform the market with scalable offerings.

Standards matter

Built on authentic Islamic concepts under the AAOIFI body. Providing Islamic investments with the capability to be structured in a number of complex ways.
Managing and tracking KPIs at portfolio, asset class & instrument level whether private, public or cash.

Portfolio Management

Streamline all your front-to-back operation with a comprehensive asset management system ETHIX NG manages investment portfolios, accounting, reporting, and client-related tasks within one powerful investment management platform. It offers a rich palette of features that facilitates the management of the financial institutions assets and customers’ assets.

the ample selection of various asset classes include listed shares, unlisted shares, bonds, Sukuk, private equities, funds, Real estate, Money market and fiduciary deposits, etc., with high classification and management of portfolios based on classes, groups and types (Client, Institutional, Fund, and Direct Investment).

Fund Management

Each fund is a separate legal entity with its own assets and liability structures in books and financials, cash and shares dividends management and NAV and Fund Fees processing.

Controlling and maintaining both single and multiple funds, offers a comprehensive toolbox of manual and automatic processes and transactions such as capital addition, reduction, corporate events, expected and confirmed NAV subscriptions, unit-based or amount-based subscriptions, redemptions, customer payment, unit transfer, re-issue, split merge of certificates, etc.

ETHIX Fund covers different mutual funds types such as Equity Fund, Real Estate Fund, Money Market and Fixed Income Fund, Fund of Funds, Private Equity Funds, Mixed Fund, etc.

Treasury Management

The solution for all global treasury operations, such as, foreign exchange, fixed income, equity, and various treasury products including wide-ranging Islamic contracts and instruments.

ETHIX NG facilitates substantial daily trading volumes and instantly updated open positions. Wrapped in a Treasury focused design allows banks to organize their treasury business with minimum operational cost and maximum productivity and supports money market and foreign exchange transactions and capital market transactions.

Integration capabilities

ETHIX-NG with its embedded Middleware and API Management tool manages all internal and external integrations with minimal configuration and thanks for the ready-made integration components that facilitate all kinds of integrations as Fintech, SWIFT MT/MX (ISO20022) besides the specialized Investment related integration as the integration with Order Management system, Market data providers, Brokers, Custodians and other parties.

Effective back-office management

Effective back-office management to define processing rules such as maker-checker requirements or exception processing rules based on business criteria like transaction size, currency, counter party etc.

Features include real-time limit monitoring, position management, calculations exposure to inform hedging decisions, warnings, and international actions of breached market limits to allow treasurers to assess risk on positions across the organization, Flexible and intelligent repayment calculation and scheduling engine catering multiple principal and pro t schedules, and optimized treasury administration for asset and liability, foreign exchange, equities, and hedge instruments.

Compliant customer onboarding

ETHIX-NG Customer Management interface is a multi-channel customer on-boarding solution that is intuitive, interactive, and user-friendly. The interface provides online customer opening forms that can be accessed at any time and from any device while remaining fully compliant with regulatory standards such as Blacklist, FATCA, CRS, AML, Risk Rating and Credit Rating.

Intuitive & agile

Designed with a three-decade-long understanding of customer onboarding related challenges, the ETHIX NG Customer Management interface is smart, comprehensive, and simple. Users have the flexibility to complete online applications in one session or save intermittently and come back later for completion. The flexibility of ETHIX NG Customer Management’s Configurability provides a future-proof solution that helps financial institutions adapt to a dynamic market and changing customer needs.

Customer satisfaction guaranteed

With improved turnaround times and enhanced services, higher risk tolerance level and de-risking of business processes, ETHIX NG guarantees higher levels of customer satisfaction.

Simple and fast

ETHIX-NG easily captures customer data from external sources with automatic data population making the customer onboarding experience faster and easier. The Card Reader can be used with identification documents including CIVIL ID cards, with data auto fetched and pre-filled into the application form reducing the need for additional typing or validation steps. ETHIX-NG also supports multiple biometrics for verification throughout the customer on-boarding journey in addition to allowing digital signature handling to support organisations aiming for a paperless workplace.

Supporting Exposure Control

ETHIX NG Limit Management Engine support the management of a financial institutions’ exposure due to customer activities. The dynamic Engine configures all limits aspects, including group and single limits, country limits, transactional limits and operational limits in regard to the Finance, Treasury, and Trade Finance operations.

Facilitating Workflow

ETHIX NG Limit Management Engine is an integral part of the operations performed by Users facilitating effective and efficient limit checking and utilization, with the Limit Engine controlling whether a transaction proceeds based on limit availability. The Limit Management Engine provides financial institutions with the flexibility to define different lines of credit and or facilities to the customer that are both revolving and non-revolving, in addition to commercial and business credit lines, with the ability to set up commissions on unused balance limits with flexible maintenance for customer limits.

Seamless supplier management

ETHIX NG 3rd Party Engine is a powerful tool that allows financial institutions to seamlessly manage process flows with 3rd party suppliers by defining and maintaining information on any party that provide services, such as physical assets, maintenance or construction.

Robust Operational Reporting

ETHIX NG Reporting Engine supports financial institutions with day-to-day activity reporting requirements, providing a full view of operational details that reflect the institution’s current activities.

360 real time dashboard

ETHIX-NG 3rd Party Engine provides a centralized 360 dashboard that enables users to summarize complex information and present it in an easily digestible way. The real time dashboard, which is automatically updated by the latest data set available, provides a simple visualisation of the different processes for each 3rd party entity, defining the payments and collection process along with the sales incentive schema if applicable.

Centralized Messaging Repository

ETHIX NG delivers a built in SWIFT Engine with an architecture designed to help financial institutions connect seamlessly to the SWIFT network. As the Centralised Repository for all Outgoing and incoming SWIFT messages, the SWIFT Engine provides institutions with the ability to differentiate between Internal and External SWIFT messages and connect to the corresponding network while sending messages.

Adaptable & Accessible

The Reporting Engine enables financial institutions to categorize reports into groups and sub-groups with security authentication for categorized report accessibility. ETHIX NG Reporting Engine provides compelling convenience and shareability, allowing reports to be easily directed to multiple channels such as printers, email, SMS and the flexibility to extract these reports in multiple formats, such as excel, PDF HTML.

Next Generation reporting

General Ledger (GL) and Accounting is the backbone of any financial solution. ETHIX-NG GL & Accounting module is a powerful engine that meets the financial reporting needs of financial institutions.

Customizable & intuitive

ETHIX NG provides financial institutions with the flexibility to define a custom chart of account, select preferred segmentation, and the right totalling structure, and with automatic re-evaluation of foreign currency transactions, ETHIX NG provides intuitive reporting functionality.

Complete security

Establishing security for GL accounts is crucial. ETHIX-NG meets this need in one single step with GL Access feature enabling access rights to be assigned according to defined user privileges.

About ITS

International Turnkey Systems (ITS Group) provides advanced technology solutions for banks, government, and other private sector organizations across a wide array of industry, with demonstrated technology competencies and high-end skill capabilities that support client’s critical business functions Headquartered in the State of Kuwait, with R&D facilities in Kuwait and Cairo and a presence throughout the Middle East, Africa, the Americas, the Caribbean and the Russian Commonwealth (CIS), ITS Global Business Solutions Development Center (GBS) in Cairo delivers Managed Services globally, bringing expertise to all stages of the software development process, and providing the support companies need to transition from legacy systems to new technologies. Our award-winning flagship solutions package, ETHIX, supports the digital transformation of financial institutions and is trusted by leading banks worldwide.

Over the last two decades, Africa's monetary systems have advanced. However, most Africans still lack access to credit and other forms of credit-based financial services despite liberalization, privatization, and stability. Most African financial institutions have enough capital and liquid assets. Although deeper, wider, and cheaper financial resources have been made available, they have yet to bear fruit. Over the last 20 years, Africa has made great strides in tightening banking regulation, leading to far more stable financial institutions. While there has been some improvement in the quality of supervision, it has been gradual. In this article, we’ll provide you with information on 3 of the main countries of Africa, where the financial market keeps developing more compared to other African countries. Also, we’ll cover how a certain country’s national currency performs and what payment systems are accessible to local people.

Kenya

The Shilling is Kenya's official currency. Since Kenya is a net importer of goods and services, its currency, the shilling, has lost 3.5% of its value versus the US dollar thus far in 2021. Importantly, the Kenyan shilling closed at Kshs 113.0 on the 17th of December 2021, marking a new all-time low and a fall of 7.2% from its peak in 2020.

Importers' desire for foreign currency towards the end of the month was likely to put a strain on the shilling in the following days. Due to reasons like rising oil prices and dollar demand from corporations in the energy and industrial sectors, the shilling is down roughly 5.5% versus the dollar in 2022, establishing multiple record lows.

Over time, Kenya's financial infrastructure has seen several modifications and transformations. In 2002, when phone companies realized they had accidentally created something that looked nearly like money, work began on the initiative that would become M-Pesa. Users in Kenya were buying "airtime" (phone data, or minutes), reselling it, transferring it to family members, and even utilizing it as a savings account by investing the bulk of their income in airtime to resale at a later date. In addition to that with M-Pesa Kenyan investors nowadays can start trading in financial markets. For example, FX trading in Kenya using mpesa as time goes by becomes more and more popular, because investors find this payment method quite convenient. According to studies, regions that were using mobile payment systems saw substantial economic development. In Kenia, 72% of the population uses mobile money.

Kenya has made significant strides in this direction, beginning with the modernization of its domestic payments infrastructure and the deployment of the Real Time Gross Settlement (RTGS) system in 2005, continuing with the introduction of mobile money services in 2007, and most recently with the implementation of improvements to strengthen and automate clearing systems.

Nigeria

On the African continent, Nigeria stands as a cultural and economic powerhouse. Across Africa, Nigeria is leading the pack in economic growth. Nigeria uses the Naira as its official currency. Presently, the country is struggling with an unchecked pace of inflation, which has a deleterious effect on the value of the national currency. The National Bureau of Statistics reported that in August, Nigeria's annual inflation rate increased to 20.5% from 19.6% the previous month.

The NBS said that the annual inflation rate rose because of a combination of factors, including a shortage of food; higher import prices as a result of the currency's prolonged devaluation, and higher manufacturing costs overall.

Incentives to speed up the development of agent networks throughout the nation, as well as the central bank's financial inclusion effort, have contributed to the growth of payment-focused solutions during the last two years. When it comes to doing send-and-receive transactions and bill payments, Paga, Tingg, and other mobile money services compete with mobile banking apps and bank unstructured supplementary service data (USSD) channels.

South Africa

South Africa's official currency is called the South African Rand. As expectations of aggressive tightening by the Federal Reserve drove up demand for the US dollar, the South African rand plummeted beyond 17.5 per USD, trading at levels not seen since August of 2020. Due to the deteriorating prognosis for the global economy and the resumption of severe load-shedding by Eskom, investors have been fleeing to safer currencies, including the South African rand.

Transactions are the grease that keeps the economy running. People and companies in South Africa make daily payments totaling millions of rand. A broad range of payment options, from cash to digital transactions, are available to South Africans (such as Card, debit orders, mobile payments, and real-time online internet payments). The National Payment System processes more than ZAR 576 billion in daily settlements (NPS). The NPS encompasses around 18 distinct payment methods available to consumers and businesses in the South African market. PASA controls and oversees a wide variety of monetary systems, from the use of prepaid debit cards to the trading of bonds for cash.

ITS was pleased to announce that it has signed a definitive agreement with Amal Bank in Somaliland, that entails the delivery of a wide set of financial solutions that include assistance in disaster recovery (DR) Site and host services in its Datacenter.

The deal will further support the ongoing mission of ITS and Amal bank to offer the latest innovative, customized, and Shariah-compliant financial products and services.

For many years the GIFA has honoured the best organizations impacting Islamic banking. ITS has been named the Best Islamic Finance Technology Provider in the 12th annual GIFA Awards ceremony. This award was a great source of motivation to keep providing the best resourceful services and solutions.

Among 70 distributed awards, it is a privilege to be chosen as the leading provider of Islamic finance technology in the ceremony, where over 250 people physically attended,  and many have virtually participated through global live streaming.

Continuously we have been able to meet the rapidly urgent demands of the digital economy. Our highly creative processes help financial institutions build their path toward innovation while, at the same time, building a work environment that encourages and appreciates learning. In our organization, we encourage innovation to make it an ordinary duty.

It is a great honour that our projects have led us to win this prestigious award for six consecutive years. This award is a testament to our hard-working employee's skills, creativity, and vision.

We will keep supporting our clients to make sure they can adapt to changes and most importantly choose changes that are worth adapting.

We have had many successful projects and products, and plan to have many more in the future.

Aquila today announced the acquisition of Asesorias Computacionales Neosoft SpA. (“Neosoft”), a comprehensive regulatory reporting and compliance management system for banks and financial institutions across Chile and Latin America.

Started in 1993 and headquartered in Santiago, Chile, Neosoft is a category-leading provider of Governance, Risk Management and Compliance (GRC) solutions through its flagship products “SIGIR” and “SGN”. Neosoft offers unmatched financial regulatory knowledge and proprietary back-end technology to help its customers comply timely and accurately with the complex requirements of federal banking authorities.

“We’re delighted to forge a lasting partnership with Neosoft and become a true contributor to the Latin American fintech ecosystem,” stated Daniel Lee, CEO of Aquila. “Aquila pledges to preserve Neosoft’s founding legacy and values that made them exceptional in the first place. Neosoft prides itself on technical expertise and an excellent industry reputation. This is a one-of-a-kind platform acquisition that will open doors to the rest of Latin America as we seek to invest further into the region.”

Erwin Piwonka, CEO of Neosoft said, “The decision to unite with Aquila is a key milestone for the company. It is an impetus for growth, leveraging Aquila’s network to adopt new technologies, enhance our product offering and develop new commercial opportunities throughout LATAM. The leadership team at Neosoft is thrilled to find a permanent home for our clients and employees.”

Neosoft will continue to support its customers and partners as an autonomous business unit of Aquila.

PaymentComponents, a pioneer in ISO20022 migration projects, has fortified its Finaplo Financial messaging solution with FedNow payments. The FedNow Service is the new instant payment service that the Federal Reserve Bank will roll out in 2023 in the U.S market and will operate in parallel with the Clearing House Interbank Payments System (CHIPS).

Having great experience from thousands of Financial messaging projects and offering our Libraries to multinational companies like Mambu, NEC, JP Morgan Chase, Citi, Credit Suisse, Temenos, we decided to offer our product to US banks to accelerate their developments and to make instant payments real-time.

The Finaplo solution is offered either as an online service for message validation or an API service or as an embedded SDK for message validation. Now banks in the US can build, validate and translate their FedNow messages with the help of Finaplo and start creating innovative solutions for instant payments.

PaymentComponents is a global B2B solution provider for the Open Banking age. We provide open and light software components in payments, financial messaging and open banking that can transform your business. Our solutions are the necessary ingredients for more than 60 Banks and Financial Institutions spread across 25+ countries, to help them innovate and become digital champions.

Clip Money, Inc., a first-to-market cash deposit solution that brings fast, convenient, cost-effective financial services transactions to business customers, was named Best CashTech Startup at the CashTech Innovation Awards which took place at the Future of Cash Conference in Madrid, Spain on September 15, 2022.

The CashTech Innovation Awards were set up by an independent think-tank, CashEssentials, to recognize innovations that facilitate access to and acceptance of cash. The reduction in bank cash infrastructure (branches, ATMs, and cash centres) is a significant challenge for businesses globally that requires modern, technology-driven solutions. According to the CashEssentials Steering Committee, they sought nominations from “innovative companies who leverage software and modern communications technology to improve cash services – including access for consumers and businesses; facilitating the acceptance of cash by retailers across all channels; and enhancing the overall efficiency, resilience and sustainability of cash.”

“At Clip, we are passionate about revolutionizing the cash ecosystem for businesses. We are humbled to be recognized for our contributions by The Future of Cash Conference and CashEssentials, and we remain dedicated to building an accessible and convenient network to ensure there is a reliable, affordable solution and sustainable future for cash transactions worldwide,” said Joseph Arrage, CEO of Clip.

The Future of Cash Conference is held annually and is attended by central banks, commercial banks, and organization delegates from more than 20 countries who represent a broad cross-section of cash cycle stakeholders.

iProov, the world leader in face biometric verification and authentication technology, announced today that Nicole Rowe has joined the organization as Chief Marketing Officer (CMO). In this role, Rowe is responsible for overseeing iProov’s brand awareness, go-to-market strategies, global communications program, demand generation, and revenue team support.

“The expansion of iProov’s worldwide market presence continues, powered by customer demand in all continents for our secure, inclusive biometric verification services and supported by the recent investment,” said Andrew Bud, Founder and CEO of iProov. “With her broad skill set, extensive marketing leadership experience and sector familiarity, Nicole will drive future expansion and is an impressive addition to our senior leadership team. I am delighted to be working with her.”

Rowe joins iProov with more than 20 years of marketing innovation experience for established publicly traded companies and high-growth start-up brands. She was most recently CMO at SecZetta, a third-party identity risk SaaS provider, where she was responsible for transforming the organization’s global marketing efforts to drive sales. As Director of Corporate Marketing for RSA, Rowe expanded and revitalized the organization’s solution-area awareness through corporate-wide brand initiatives built upon customer value frameworks. Rowe has also held marketing leadership positions at Everbridge, Entegris, PTC and SunGard, now part of FIS.

“I am excited and honoured to be part of the team that has married science and technology to create the industry’s only mission-critical biometric identity assurance solution,” said Rowe. “Guided by a shared commitment to achieving the remarkable, I look forward to helping accelerate iProov’s strong momentum helping government and highly-regulated organizations establish and maintain citizen and customer trust in the digital world.”

Rowe holds a Bachelor of Arts Degree in Political Science from Suffolk University.