Business Wire

Cambridge Blockchain Forms Identity Data Alliance with IHS Markit

Del

Cambridge Blockchain today announced a strategic alliance with IHS Markit (Nasdaq: INFO) through which the companies will offer integrated reference data, operations, and software to support utilities for the collection and management of know-your-customer information (“KYC”).

Financial institutions face growing compliance challenges related to identity, with KYC costs that can exceed $500 million annually for large banks. Strict data privacy rules such as the European General Data Protection Regulation (“GDPR”) additionally limit the ability to access validated customer identity attributes, with potential fines up to €20 million or 4% of worldwide revenues. The combination of IHS Markit’s kyc.com services with Cambridge Blockchain’s distributed digital identity system resolves the competing challenges of transparency and privacy, resulting in faster customer onboarding, lower costs, and enhanced compliance through a single, trusted and consistent view of customer reference data.

Launched by IHS Markit in 2014, kyc.com serves 17 global banks and over 140,000 registered legal entities. The service provides standardized operations for client onboarding and due diligence, with a rigorous industry policy standard for KYC data quality and completeness. Cambridge Blockchain’s software complements IHS Markit’s solutions by offering secure, client-controlled peer-to-peer data sharing and a platform to connect multiple identity validators. The companies’ combined offerings are designed to enable full compliance with stringent data privacy rules including GDPR.

“The creation of utilities and other consortia to help financial institutions address the challenges of KYC has great potential improve standards and practices,” said Guy Harrison, managing director and head of KYC Services at IHS Markit. “However, for firms to operate efficiently on a global scale, identity data need to be highly portable. With this in mind, we are pleased to work with Cambridge Blockchain to apply the benefits of distributed ledger technology to a robust KYC data collection, validation and management process.”

“IHS Markit’s existing strengths in bilateral and centralized KYC data sharing make the company an ideal partner to offer new distributed digital identity systems,” remarked Matthew Commons, CEO of Cambridge Blockchain. “We look forward to continuing our collaborating with IHS Markit to give financial institutions confidence that their KYC, AML, tax, legal, MiFID, EMIR and other regulatory information is complete, accurate and up-to-date.”

Contact information

Cambridge Blockchain
Nadim Takchi, +1 617-275-2755
media@cambridge-blockchain.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Andersen Global Welcomes Tufiño & Villegas in Bolivia25.9.2018 13:30Pressemelding

Andersen Global continues its growth in Latin America with news that one of the premier tax law firms in Bolivia, Estudio Jurídico Tufiño Villegas & Asoc., has become a collaborating firm of Andersen Global. Tufiño & Villegas specializes in providing legal services to both local and foreign corporations that do business in Bolivia. With offices in La Paz, Santa Cruz and Cochabamba, the signing of a Collaboration Agreement with Tufiño & Villegas kickstarts Andersen Global’s presence in the South American country. The international organization has almost doubled its headcount in Latin America in the past eight months. Through its member firms and collaborating firms, Andersen Global already has a strong presence in the region in several major economic hubs – Mexico, Guatemala, Panama, Chile, Uruguay, Ecuador, Brazil, and most recently Paraguay. Led by Founders and Managing Partners Alvaro Villegas Aldazosa and Jose Luis Tufiño, the firm, Tufiño & Villegas, was created in 1995 as a tax b

Arensis and Schneider Electric Launch Smart Microgrid Partnership and Development of ENTRADE IO Blockchain Technology25.9.2018 13:00Pressemelding

Arensis, a leading international provider of decentralized energy systems, and Schneider Electric, a leader in microgrid development with integrated efficiency solutions combining energy, automation and software, today announced the joint development of its smart microgrid pilot program. As part of the pilot, Arensis and Schneider Electric will develop a blockchain Application Programming Interface (API) platform for ENTRADE IO, a newly-formed company founded by the CEO of Arensis for off grid project financing and the sale of renewable energy in remote areas around the world. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180925005362/en/ Schneider Electric augmented reality (AR) applications developed for Arensis and ENTRADE IO Smart Microgrid solutions. (Graphic: Business Wire) Joint development of the smart microgrid systems, combining waste-to-energy, solar and storage, will launch in North America with plans for growth

Clarke Valve Closes $5.5 Million Venture Funding Round Led by OGCI Climate Investments25.9.2018 13:00Pressemelding

Clarke Valve today completed the sale of $5.5 million of Series B Preferred Stock to a group of investors led by OGCI Climate Investments. Along with funding from Saudi Aramco Energy Ventures and Chevron Technology Ventures, Clarke has now raised $15.5 million of Series B funding. Clarke’s patented Shutter Valves are typically 1/5th the weight, 1/5th the size and 1/5th the cost of equivalent legacy valves, providing substantial benefits to users of industrial control valves in many industries. In addition, Clarke valves are currently the only control valves in the world to achieve the stringent American Petroleum Institute (API) 641 certification for low fugitive emission performance. Fugitive emissions from legacy valve designs is the cause of significant methane emitted to the atmosphere from industrial facilities. Pratima Rangarajan, CEO of OGCI Climate Investments, said “We are pleased to support the Clarke team in its journey to reach a global market. We believe that the Clarke Va

Analogix Introduces Industry’s Lowest Power eDP TCON with In-Cell Touch for Latest Generation Notebooks25.9.2018 13:00Pressemelding

Analogix Semiconductor, Inc. today announced its ANX2403, the industry’s lowest power Full HD embedded DisplayPort™ 1.4 (eDP) timing controller (TCON) with panel self-refresh (PSR), VESA DisplayHDR™ 400 support, and in-cell finger and active stylus touch for notebook PCs with graphics display resolution up to 1920x1280. Leveraging Analogix’s technology leadership in low-power processes, the ANX2403 reduces the Full HD 60Hz power consumption to 60mW using 28nm process technology, a 35% reduction over the 40nm technology and more than 50% reduction over the 55nm technology, becoming the lowest power TCON in the industry. Moreover, the ANX2403 supports Intel low refresh rate (LRR) and PSR2 for even further power reductions. “The ANX2403 brings together our capabilities in low-power processes, in-cell touch, and high-dynamic-range (HDR) technology, offering the lowest power consumption to date, better image performance, and thinner panels with reduced bezels at a lower cost to display pane

Takeda to Present Positive Data from ALUNBRIG® (brigatinib) ALTA-1L Trial Showing a Reduction in Risk of Disease Progression or Death of More Than 50 Percent Versus Crizotinib in First-Line Advanced ALK+ NSCLC25.9.2018 12:32Pressemelding

Takeda Pharmaceutical Company Limited (TSE: 4502) today announced results from the Phase 3 ALTA-1L (ALK in Lung Cancer Trial of BrigAtinib in 1 st Line) trial, demonstrating that ALUNBRIG reduced the risk of disease progression or death, known as progression-free survival (PFS), as assessed by a blinded independent review committee (BIRC), by more than fifty percent compared to crizotinib in adults with anaplastic lymphoma kinase-positive (ALK+) locally advanced or metastatic non-small cell lung cancer (NSCLC) who had not received a prior ALK inhibitor. Findings from the first interim analysis of the ALTA-1L trial will be presented during the Presidential Symposium at the International Association for the Study of Lung Cancer (IASLC) 19th World Conference on Lung Cancer (WCLC) in Toronto on Tuesday, September 25, 2018. The data were also simultaneously published online in The New England Journal of Medicine. ALUNBRIG is currently not approved as first-line therapy for advanced ALK+ NSC

Softomotive and Enate Partner to Help Clients Orchestrate Workflows across Their RPA Ecosystem25.9.2018 12:15Pressemelding

Softomotive, a leading Robotic Process Automation (RPA) vendor, has announced a strategic partnership with Enate, the pioneering Robotic Service Orchestration (RSO) provider. Together, Softomotive and Enate will allow business enterprises of all sizes to go further and faster with their automation programmes, achieving greater efficiency through orchestration of workflows between human employees and software robots. This partnership will offer Softomotive and Enate’s mutual customers the flexibility to orchestrate workflow between humans and bots whether the enterprise is using just Softomotive bots or more than one RPA provider. “As the RPA market matures, we are finding more and more clients are relying on more than one RPA provider, ” said Marios Stavropoulos, Softomotive’s CEO. “This adds an extra layer of complexity and Softomotive is all about simplifying things for our clients. This new partnership with Enate will do just that by allowing them to continue to orchestrate combined