The Hague-based company, which serves about 29 million customers and employs over 28,000 people worldwide, wants digital scale up to improve customer self service and cement its position in the market.
The system will cover various initiatives including the Government Electronic Banking System, Wages Protection System, Digital Currency and Automated Clearing House.
Luxembourg introduced its RAIF fund regime in 2016, and the structure has proven incredibly popular with fund managers since launch. What was the thinking behind the launch and why has uptake been so enthusiastic?
Funded under the country's Financial Sector Technology and Innovation Scheme, the grant would facilitate the development of "advanced cybersecurity functions" such as cyber threat surveillance and intelligence gathering, computer forensics,
The case raises the question of whether, and in what circumstances, a crypto exchange operator has the right to reverse completed transactions.
Adel Malcolm, Head of Global Analytics at LGIM, said, “We are delighted to be partnering with Axioma as we expand our risk analytics capability so that we are well-positioned for the future.”
Also in August, a Liechtenstein-based bank, Union Bank AG, revealed that it had issued its own internal cryptocurrency backed by fiat.
The regulatory compliance technology finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the compliance function.