LONDON: id4 AG, a subsidiary of Apeiron Holdings AG, has entered into a technological partnership with leading Swiss regtech company Indigita to automate cross-border compliance checks and risk controls for small and medium-sized financial institutions via id4’s CLM4.bank platform. Thanks to the integration of Indigita’s API into the CLM4.bank platform, id4 can offer its clients…
British Business Bank increases Mercia’s investment mandate by £54.3million
LONDON: Mercia Asset Management PLC announced the British Business Bank (BBB) has allocated an additional £54.3million to Mercia’s two existing investment mandates from the Northern Powerhouse Investment Fund (NPIF). This takes Mercia’s total mandates from BBB to £186.3million and the Group’s total assets under management (AUM) to c.£800million. Mercia was first awarded investment mandates from…
Rahul Dhir appointed CEO of Tullow Oil plc
LONDON: Tullow Oil plc announced the appointment of Rahul Dhir as Chief Executive Officer and an Executive Director of the Group. Rahul will take up his appointment from 1 July 2020 and Dorothy Thompson, currently Executive Chair of Tullow, will return to her position as Non-Executive Chair after a limited period of handover. Rahul brings…
TBC obtains banking licence in Uzbekistan
LONDON, UK: TBC Bank Group; subsidiary TBC Bank in Uzbekistan, has obtained its banking licence and is planning to launch banking operations in June 2020. TBC’s strategy is to establish a greenfield, next-generation banking ecosystem for retail and MSME customers in Uzbekistan with a primary focus on digital and partnership-driven channels. Given the current operating…
AM Best Affirms Credit Ratings of Kelvin Re Limited
LONDON: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-“ of Kelvin Re Limited (Guernsey). The outlook of these Credit Ratings remains stable. The ratings reflect Kelvin Re’s balance sheet strength, which AM Best categorises as strongest, as well as its adequate operating performance, limited…
AM Best affirms credit ratings of Humboldt Re Limited
LONDON: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Humboldt Re Limited (Guernsey). The outlook of these ratings remains stable. The ratings reflect Humboldt Re’s balance sheet strength, which AM Best categorises as strongest, as well as its adequate operating performance, limited business…
BASF and Security Matters collaborate towards a circular economy for plastics
MELBOURNE: Security Matters Ltd and BASF signed a binding joint development agreement to develop solutions for plastics traceability and circularity. Plastics, with unique characteristics and when used properly, contribute to a more sustainable and resource efficient future. However, to move towards a circular economy, more plastic waste needs to be recovered and reused. Though there…
Zwipe and IDEX Biometrics collaborate on Zwipe Pay ONE platform
OSLO: Zwipe AS, a leading biometric fintech company, and IDEX Biometrics have signed an agreement that will see Zwipe combining IDEX Biometrics sensor products with the Zwipe Pay ONE platform to enable a complete system solution for biometric payment cards. Zwipe Pay ONE is a technology platform based on a single-chip biometric secure element with…
Graph Blockchain applauds Datametrex for their response to Covid-19 pandemic
TORONTO: Graph Blockchain Inc. applauds Datametrex Limited for securing the rights to import COVID-19 detection kit into Canada and other countries around the globe. Datametrex, a minority shareholder of Graph Blockchain, is currently working with Health Canada to have the approval of these kits fast-tracked. President & COO, Christian Scovenna added: “On behalf of the…
Future Plc completes acquisition of TI Media
LONDON: Future plc, the global platform for specialist media, has completed the acquisition of TI Media, which was announced on 30 October 2019 and was conditional upon clearance from the Competition and Markets Authority (CMA). TI Media is a UK-based, print-led consumer magazine and digital publisher with deep industry heritage and a portfolio that incorporates…
Paul Donovan appointed Chief Executive Officer of Arqiva Group
LONDON: Arqiva Group Ltd announced that Paul Donovan has been appointed Chief Executive Officer with immediate effect. Arqiva is a leading UK communications infrastructure and media services provider dedicated to connecting people and devices wherever they are through the delivery of TV, radio, mobile and machine-to-machine data services. Paul Donovan has over twenty years’ experience…
Litigation Capital reports conclusion of joint venture arrangement with Vannin
LONDON: Litigation Capital Management Limited, a leading international provider of disputes financing solutions, announces the conclusion of its Joint Venture Arrangement with Vannin Capital Limited and associated profit of A$2.45 million. In 2013, LCM entered into a JVA with Vannin. That JVA involved LCM sourcing, negotiating and managing through to completion various litigation finance investments,…