Fintech, Finance, Technology, Banking Highlights – 11 October 2018
Neoxam acquires 100M
NeoXam, a provider of data management and transaction software solutions dedicated to the financial industry, has acquired 100M.
The acquisition will consolidate its digital expertise and enable the start-up to accelerate its growth.
The asset management industry is currently facing more stringent reporting obligations and increasingly demanding clients with regards to data quality. As a result, asset managers are turning towards solutions like the fully integrated ‘100M Digital Reporting’ offering, which has reinvented user experience in the asset management sector due to the speed of its analytical functions and the quality of its data visualisation interfaces. In only two years since inception, the fledgling company has already appealed to numerous key players in France and the U.S.
Continuing its upward trajectory, 100M has chosen to join forces with NeoXam:
“Joining NeoXam will enable us to significantly accelerate our product and business development. We share the same vision: that the sector is heading towards more digital offerings, cloud applications and a new user experience. Furthermore, 100M’s products are currently at the end of the financial value chain. Collaborating with NeoXam will allow us to deploy our technology throughout the chain,” said Clément Miglietti, co-founder and C.E.O. of 100M.
Serge Delpla, CEO of NeoXam said “we are always looking for new ways to keep our products innovative. One of our main goals is to ease the use of centralised data in our solution suite by enabling it to be coherent, user-friendly and accessible. This value-added data will be visible instantly, continuously allowing our clients – and theirs – to make intelligent decisions and follow all events in real-time.”
LexisNexis Risk Solutions and iMeta Technologies Join Forces to Reduce Financial Crime Risk for Financial Institutions
LexisNexis Risk Solutions, a part of RELX Group, announced an alliance with iMeta Technologies, a provider in Client Lifecycle Management technology for financial organisations, to integrate iMeta’s CLM technology with LexisNexis Risk Solutions’ data capabilities.
Together, this alliance will increase efficiencies for customers and offer a more robust, all-encompassing bank compliance program.
By providing a single source of clean, consolidated data across the enterprise, LexisNexis Risk Solutions can now provide a CLM platform specifically designed to adapt to a firm’s individual and constantly changing business requirements. Proven to reduce operating costs and deliver operational excellence by harmonising multiple internal systems, accelerating client onboarding times, transforming the overall customer experience and driving a single view of the customer across a business, this revolutionary platform will provide customers with an end-to-end client lifecycle management system.
“With this union, our customers will now have the opportunity to receive our robust public records data and ID verification capabilities paired with an integrated platform to help them optimise and meet their KYC requirements,” says Daniel Wager, vice president, global financial crime compliance, LexisNexis Risk Solutions. “This important alliance with iMeta provides the opportunity for one-stop-shopping for onboarding consumers and businesses, bringing together all the data sources needed in a way that will help our customers maximise the efficiency of their operational processes and massively increase the speed at which they can serve their consumers and businesses.”
EY announces a collaboration agreement with the Zurich based RegTech startup Apiax
EY and Apiax join forces to transform the way the financial industry handles regulatory compliance.
Through their cooperation, the two companies offer financial institutions efficient ways to stay compliant with complex financial regulations digitally.
Apiax has developed a platform that allows to transform complex financial regulations into digital regulatory rules and to deploy these rules in banking applications. The Zurich-based RegTech startup digitalises EY’s regulatory content and makes it available on their regulatory platform.
Ralf Huber, Co-Founder of Apiax, says: “The cooperation with EY allows us to offer trusted and high-quality machine-readable regulations on the most relevant regulatory topics. They can be accessed and deployed instantly through our platform.”
EY offers regulatory content for over 120 jurisdictions and covers the most pressing regulatory topics, especially for cross-border financial services, product distribution and tax suitability. Its premium content is widely used and recognized in the industry.
Andreas Blumer, Market Segment Leader FSO Switzerland, says: “We are excited about our cooperation with Apiax. Given the regulatory complexity at an all-time high and the increasing importance of digital banking, we strongly believe in the future of digital regulatory compliance.”
