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Fast-Growing Regtech Recognized for Potential to Impact the Compliance Industry and Fight Against Financial Crime.

  • World Economic Forum announced its selection of the world’s 100 most promising Technology Pioneers of 2020
  • CEO Charles Delingpole to participate in the 2020 World Economic Forum in Davos, Switzerland to help define the global agenda on risk intelligence and other key issues
  • ComplyAdvantage was chosen for its innovative contributions within the compliance industry and the fight against financial crime
  • ComplyAdvantage joins previous Technology Pioneers including Google and Palantir Technologies

ComplyAdvantage, a global technology company transforming how institutions manage their financial crime risk and compliance, has today been named a Technology Pioneer by the World Economic Forum.

Founded in 2014, ComplyAdvantage has rapidly made its mark on the compliance industry globally in combating money laundering and terrorism financing. The company applies proprietary algorithms and ontology to data sets using data science and machine learning in the development of the first global, connected database to tackle financial crime.

The World Economic Forum’s annual list is a selection of companies involved in the design, development and deployment of new technologies and innovation, and that are poised to have a significant impact on business and society. Previous recipients include Airbnb, Google, Palantir Technologies, TransferWise, Twitter and Wikimedia. ComplyAdvantage is one of only two regtech firms awarded this year.

“We’re honoured to be acknowledged as a Pioneer by the World Economic Forum,” said ComplyAdvantage Founder and CEO Charles Delingpole. “There is an estimated $2 trillion laundered globally every year. With criminals always being one step ahead, it is this money that facilitates activities like human trafficking and terrorism. Recognition from the Forum this year is confirmation our advanced technology is helping financial institutions put a stop to this financial crime.”

“The strategic focus of the Forum is promoting innovation as a way of tackling some of the most critical issues facing society as well as being a driving force for future economic growth. We look forward to contributing to the Forum dialogues on the financial crime challenge,” said Delingpole.

“We’re excited to welcome ComplyAdvantage to our 20th cohort of Technology Pioneers,” says Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. “ComplyAdvantage and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world.”

Following the company’s selection, CEO Charles Delingpole will participate at World Economic Forum activities, events and discussions throughout the year. ComplyAdvantage will also contribute to Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues.

The full list of Technology Pioneers 2020 can be found here.

The post ComplyAdvantage Named ‘Technology Pioneer’ by the World Economic Forum appeared first on The Fintech Times.

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Button’s technology powers the commerce program of Spain’s biggest mobile neobank, Bnext.

Button, the leading mobile commerce technology company, today announced its partnership with Bnext, the biggest mobile-first neobank of Spain. Starting today, Bnext users can seamlessly shop and save money with the largest brands including AliExpress, Groupon, and Black Limba, powered by Button’s technology. Through this partnership with Button, Bnext achieves a higher engagement with its users by giving them an added incentive to open the app every day to find savings on daily spend—fueling the company’s rapid growth in Spain and Mexico, the country through which they have begun their expansion in Latin America.

With Button’s technology integrated into Bnext’s app, users can now access Bnext’s rewards feature to shop and save money on everyday purchases during this time of crisis from established retail partners working with Button in just a few taps. In addition, Bnext users will be able to enjoy a personalized shopping experience—they will receive more cash back in exchange for more purchases as well as upgrade to a premium account to access more lucrative offers.

“As the world faces unforeseen challenges, business models that are predicated on conversions and driving value for all parties—brands, publishers, and most importantly users—will be the models that prevail,” said Michael Jaconi, Co-Founder and CEO at Button. “Having driven over $3 billion in mobile spending to date, Button is excited to continue partnering with cutting-edge fintech apps around the world like Bnext to help them open up a new way to make revenue. By launching a commerce strategy for Bnext, Button is enabling Bnext to deliver a more valuable banking experience, drive greater engagement from its users, and tap into a durable revenue stream.”

“Bnext is setting a whole new standard of an alternative to traditional banking—by being direct and transparent, we are offering each user a personalized experience that’s tailored to their needs and interests,” Juan Antonio Rullán, Co-Founder and Chief Product Officer at Bnext. “Through building a commerce program with Button, we are furthering that personalization-centered mission by not only offering our users greater utility in our app, but by also empowering them to save money.”

“AliExpress is committed to being a lifestyle platform for consumers worldwide, and partnering with Button and Bnext takes us one step closer towards securing our footprint in Europe,” said Wang Mingqiang, General Manager of AliExpress. “By enabling more consumers in the region to be able to discover AliExpress in the Bnext app powered by Button’s technology, we’re giving them a frictionless journey towards purchasing the products that they love.”

“Button has been a valuable addition to Groupon’s mobile growth strategy,” said Maciej Zbroszczyk, Head of Affiliate Marketing EMEA & Asia-Pacific, Groupon. “Through this Button and Bnext integration, we’re able to tap into a new pool of financially-savvy consumers and convert them into loyal customers, fulfilling our mission of helping more people find and discover experiences.”

For more information, reach out to Button at usebutton.com/contact.

The post Button Welcomes Bnext As Its First Partner in Southern Europe: Enabling Users to Shop and Save Money With Leading Brands Like AliExpress and Groupon appeared first on The Fintech Times.

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