StrikeX Secures Inaugural UK Financial Institutional Client for Web3 Consultancy

LONDON, UK / ACCESSWIRE / May 10, 2023 / StrikeX Technologies Ltd., a leading provider of blockchain solutions, is pleased to announce the launch of its Web3 Consultancy Services. This new service aims to educate and advise traditional financial institutions on the potential of the rapidly evolving digital landscape. Web3 As part of this exciting […]

LONDON, UK / ACCESSWIRE / May 10, 2023 / StrikeX Technologies Ltd., a leading provider of blockchain solutions, is pleased to announce the launch of its Web3 Consultancy Services. This new service aims to educate and advise traditional financial institutions on the potential of the rapidly evolving digital landscape.

Web3

As part of this exciting development, StrikeX has already signed a prominent UK-based financial institution with global operations as its inaugural client. This partnership marks a significant milestone in StrikeX’s mission to bridge the gap between traditional finance and Web3 technologies.

“The introduction of StrikeX’s Web3 Consultancy Service signifies a natural evolution for our organization,” said Joe Jowett, CEO of StrikeX Technologies. “Our primary focus is to empower forward-thinking financial entities by providing educational guidance and the necessary tools to navigate the realm of blockchain. With our expertise and commitment to innovation, we are well-prepared to fulfil this objective.”

By leveraging StrikeX’s educational resources, businesses can confidently embrace Web3 principles and frameworks, positioning themselves at the forefront of this transformative market. StrikeX is dedicated to facilitating the integration of its clients into the StrikeX ecosystem, where their visions align, enabling them to thrive in the evolving digital landscape.

Web3, the next stage of the internet, integrates blockchain technology, decentralized finance (DeFi), and tokenization, revolutionizing various industries such as finance, supply chains, gaming, and art. This presents businesses with unparalleled opportunities to innovate and succeed in the digital economy.

“The inception of our Web3 Consultancy Service reflects the clear market need and our commitment to fostering blockchain technology adoption,” added Joe. “With our expertise in blockchain, DeFi, and tokenized assets, StrikeX is perfectly positioned to guide companies toward a flourishing Web3 future.”

StrikeX Technologies is excited to embark on this journey of empowering financial institutions and pioneering the advancement of Web3 technologies. For more information about StrikeX Technologies Ltd., please visit strikex.com.

About StrikeX Technologies Ltd

StrikeX Technologies Ltd is a leading provider of blockchain solutions, specializing in blockchain technology, DeFi, and tokenized assets. The company is dedicated to bridging the gap between traditional finance and Web3, empowering organizations to embrace the transformative power of blockchain.

Contact Information:

Joe Jowett
CEO & Co-Founder
press@strikex.com

SOURCE: StrikeX Technologies Ltd.

 

Quantexa Provides ING with Solution to Strengthen and Automate Global Risk Coverage

ING is utilizing Quantexa’s Decision Intelligence Platform to gain a 360-degree view of customer data, identify risk, and continue advancing their world-class customer experiences LONDON, May 10, 2023 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that ING is deploying Quantexa’s platform to […]

ING is utilizing Quantexa’s Decision Intelligence Platform to gain a 360-degree view of customer data, identify risk, and continue advancing their world-class customer experiences

LONDON, May 10, 2023 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that ING is deploying Quantexa’s platform to strengthen its risk detection and investigative efforts. Being a global bank serving 37 million customers, corporate clients, and financial institutions in 40 countries, ING is determined to protect its customers and fight financial crime.

Using AI and advanced graph analytics capabilities provided by Quantexa’s platform, ING’s investigative teams are focused on developing more effective and efficient global Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. By connecting customers and counterparties, the platform creates context and uncovers complex networks. This further automates the first line defence processes.

ING selected Quantexa’s platform for its ability to aid in the analyzation of internal transaction data and to incorporate external data, to complete a 360-degree view of customer base risk. Early 2023 ING and Quantexa completed a successful first implementation for Trade Finance in Hong Kong and Singapore.

ING and Quantexa are now working on a global rollout with expanded efforts in Financial Markets and Correspondent Banking.

Dan Higgins, Chief Product Officer, Quantexa
“The most effective method to prevent money laundering is by understanding the context underpinning and linking how criminals behave. We are excited to build on our successful track-record of innovation with ING and support them in their mission to improve risk coverage throughout significant global practice areas and their continued effort to be a leader in identifying and combating criminal threats in the banking industry.”

Karim Tadjer, Global KYC lead, ING Group
“At ING, we are committed to the fight against money laundering, economic crime, and continually innovating to ensure the safety and compliance of the bank. We are thrilled to have found a partner with compatible ambitions in Quantexa. By leveraging the contextual insights generated through their platform, we can strengthen our detection models and automate key processes in our KYC and AML measures. This is leading to efficiencies for our investigative teams and improved customer experiences.”

About Quantexa

Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and sixty times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than six hundred employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Luxemburg, Singapore, Melbourne, Sydney, and the UAE. For more information, please visit www.quantexa.com or follow us on LinkedIn.

Media Enquiries 
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E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

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Bybit’s User Base Booms, Exceeds 15 Million with a 50% Increase in Mere Months

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 10 May 2023 – Bybit, the world’s third most visited crypto exchange, announced a 50% increase in its global user base, growing from 10 million users in Q3, 2022 to 15 million to date. Bybit has released next-level products to create a winning streak — just like […]

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 10 May 2023 – Bybit, the world’s third most visited crypto exchange, announced a 50% increase in its global user base, growing from 10 million users in Q3, 2022 to 15 million to date. Bybit has released next-level products to create a winning streak — just like the Oracle Red Bull Racing car showpiece in its new Dubai office.

Bybit announced the grand opening of its global headquarters in Dubai on April 18th, signaling its large investment in the Middle East and North Africa (MENA) region. The opening of the new headquarters is part of the company’s broader strategy to build on its position as the second-largest crypto exchange in the region.

Bybit has attracted new users through a range of products, suiting all types of investors. Those more interested in earning yield can now take advantage of Bybit Lending, which launched May 2 and has seen lenders earn triple-digit APR. And lenders’ capital is protected as all borrowers must post collateral equal to or greater than the loan amount.

Given the innovation at Bybit, it’s no wonder Sui chose the exchange’s new token sale platform, ByStarter, as one of only three exchanges to host the crowd sale of its highly anticipated SUI token. And Bybit recently unveiled its AI program: Tools Discovery, which provides personalized product and strategy recommendations tailored to individual trading habits and preferences.

Top traders love the exchange’s new Position Builder, which allows clients to build positions easily using the full range of derivative products and trading strategies. Bybit also expanded its partnership with Paradigm, the fastest-growing crypto derivatives trading platform, to launch delta-1 spreads trading on USDT-margined instruments.

“Our team has worked tirelessly to make Bybit a top-performing crypto exchange with next-level opportunities from passive income to derivatives trading,” said Ben Zhou co-founder and CEO. “We are thrilled that our efforts have paid off, with Bybit hitting 15 million users globally just as we opened our global headquarters in Dubai. We are excited to demonstrate our commitment to innovation and growth, solidifying our position as a heavyweight player in the global crypto exchange market.”

More From Bybit

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports, and association football (soccer) team Borussia Dortmund.

For more information please visit: https://www.bybit.com/

For updates, please follow: Bybit’s Communities and Social Media

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For media inquiries, please contact: press@bybit.com

UBL, One of the Largest Banks in Pakistan, Goes Live on Temenos to Power Digital Corporate Lending

Corporate loan origination on Temenos digital banking platform will enable the bank to elevate the digital customer experience and drive growth with corporate clients GENEVA, May 10, 2023 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN) today announced that United Bank Limited (UBL), one of the largest banks in Pakistan with 11 million customers, has gone live […]

Corporate loan origination on Temenos digital banking platform will enable the bank to elevate the digital customer experience and drive growth with corporate clients

GENEVA, May 10, 2023 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN) today announced that United Bank Limited (UBL), one of the largest banks in Pakistan with 11 million customers, has gone live with Corporate Lending on Temenos digital banking platform as part of a comprehensive digital transformation of the bank’s retail, SME and corporate banking for domestic and international customers on the Temenos platform.

The Temenos Corporate Loan Origination solution, implemented with NdcTech, will help UBL to meet growing demand for digital customer experiences and win business with corporate clients in a highly competitive lending market that has seen demand slowed by global economic conditions and rising interest rates.

Temenos’ solution systematizes the process of loan initiation, credit approval management, credit policy, limit monitoring, credit documentation management, risk rating, collateral management and post approval activities and transactions.

With these banking capabilities integrated into Temenos digital banking platform, UBL can provide a smooth and seamless digital experience while enabling the bank’s corporate lending teams to access the right data at the right time to make quick, consistent and cost-effective credit decisions.

This go-live covers loan originations to five segments, including large conventional banking corporates and group companies, Islamic banking corporates, Agri enterprises, Financial Institutions and Small & Medium Enterprises.

A pioneer in digital banking, UBL is working with Temenos and NdcTech to further leverage the Temenos platform to provide an integrated, digital experience for all retail and corporate customers, covering the entire customer lifecycle from onboarding and origination to servicing.

Offering composable banking services – built on microservices and accessible via APIs – the Temenos platform will enable UBL to quickly develop new products at lower risk and cost that bring real benefits to customers.

Muhammad Faisal Anwar, Chief Information Officer, UBL, commented: “We are delighted to go live with corporate lending on Temenos digital banking platform. The solution enables us to elevate the digital experience for corporate customers and achieve operational excellence, helping us to increase customer satisfaction and drive revenue growth. We look forward to building on this success and our close partnership with Temenos and NdcTech.”

William Moroney, Managing Director – Middle East and Africa, Temenos, said: “Congratulations to UBL on this successful go-live. This well-executed implementation will transform the lending experience for UBL’s corporate customers. UBL has a clear vision for the future of banking with digital-first customer experiences. We look forward to building on this success across the bank’s domestic and international business.”

Ms. Ammara Masood, CEO & President from NdcTech, added: “We are proud to celebrate this important milestone with UBL in Pakistan. Going live with Temenos’ loan origination solution is a great leap forward in UBL’s digital banking transformation that will give the bank an edge in the corporate market. It also sets a high bar as we continue to partner with them to leverage the composable banking capabilities of the Temenos platform.”

With clients such as Allied Irish Bank in Ireland, Commerce Bank in the USA, and Al Rajhi in Saudi Arabia, corporate banking is a key are of investment. Temenos is a leader in The Forrester Wave™: Digital Banking Processing Platforms for Corporate Banking, Q3 2022. According to the report, “Temenos sets the pace in AI-powered banking capabilities and application architecture”. Temenos was also recently named a ‘Global Power Seller’ and ‘Top Global Player’ based on Forrester’s Global Banking Platform Deals Survey 2022.

About Temenos
Temenos (SIX: TEMN) is the world’s leading open platform for composable banking, creating opportunities for over 1.2 billion people around the world every day. We serve 3000 banks from the largest to challengers and community banks in 150+ countries by helping them build new banking services and state-of-the-art customer experiences. The Temenos open platform helps our top-performing clients achieve return on equity three times the industry average and cost-to-income ratios half the industry average.

For more information, please visit www.temenos.com.

Media Contacts

Jessica Wolfe & Scott Rowe
Temenos Global Public Relations
Tel: +1 610 232 2793 & +44 20 7423 3857
Email: press@temenos.com

Alistair Kellie
SECNewgate on behalf of Temenos
Tel: +44 20 7680 6550
Email: allnewgatetemenos@secnewgate.co.uk

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