FullCircl and LSEG Risk Intelligence Partner to Combat Global Identity Fraud

Date – 13-Aug-2024 FullCircl and LSEG Risk Intelligence Partner to Enhance Global Identity Fraud Prevention FullCircl, a UK-based RegTech company known for bridging revenue and regulation, has announced a strategic partnership with LSEG Risk Intelligence. This collaboration offers regulated businesses a powerful tool to combat identity fraud by providing instant access to a vast array of data sources for document verification, biometric checks, and third-party validation. The partnership enables FullCircl’s clients to access over 400 data sources across more than 50 countries through a single API. This comprehensive data network includes government credit agencies, issuing authorities, telecommunications and utility providers, and corporate registries, streamlining the process of verifying identities for individuals and businesses with speed and accuracy. With identity fraud representing 64% of all fraud losses in the UK, FullCircl is at the forefront of enhancing compliance and customer experience. Its advanced KYC and KYB solutions are renowned for their high match rates and effectiveness in the market. Stuart Boardman, Director of Channels and Revenue Partnerships at FullCircl, stated, “Our commitment to providing access to the best data providers in the market is strengthened by this new partnership with LSEG. With coverage extending to 240+ countries, this integration significantly enhances our capabilities in 50+ key regions, offering seamless identity verification tools throughout the customer lifecycle. This partnership is a significant milestone for FullCircl and our clients.” Daniel Flowe, Head of Digital Identity at LSEG, added, “We are excited to formalize our partnership with FullCircl. This collaboration allows regulated businesses to verify identities with unparalleled confidence, thanks to our extensive network of over 400 global data sources.”

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Fintech Hub Interview with Gary Lewis, Managing Director of Lending & Deposit Solutions at Jack Henry

Hi Gary, welcome to our Fintech Hub interview series. Could you start by sharing your fintech journey with us? I’ve been immersed in the financial services industry for as long as I can remember. My passion for finance began in college, driven by a desire to help business owners realize their aspirations. Over 23 years, I’ve held various roles at three community banks, focusing heavily on commercial lending and community banking. This experience gave me deep insights into how banks operate, their responsibilities to the community, and the importance of strong partnerships between banks and borrowers. In 2012, facing a challenging period for the banking industry, I decided to shift gears and join Jack Henry. I began as a sales executive specializing in lending solutions aimed at enhancing net interest margins and overall profitability for financial institutions. My journey at Jack Henry saw me rise to the role of Director of Lending Sales within five years, leading a team that delivered commercial lending solutions across institutions of varying sizes. I was also part of the acquisition team for our FactorSoft product, which introduced me to the non-chartered lending space. After over a decade in sales, I transitioned back to my operational roots and now serve as Managing Director for Lending and Deposit Solutions at Jack Henry. My role involves consolidating our 11 lending solutions, with LoanVantage being our flagship product, under a unified strategy. This approach is designed to streamline features and functions based on client needs, aiming to reduce duplication, enhance efficiencies, and improve experiences for our team, customers, and their accountholders. LoanVantage recently won the “Best Loan Origination Platform” award at the FinTech Breakthrough Awards. What makes it unique? LoanVantage is our comprehensive loan origination platform supporting commercial, consumer, and agricultural lending. It’s an all-digital solution that simplifies the loan lifecycle by automating routine tasks like data entry and consolidation, providing a streamlined user interface. This allows financial institutions to offer a more efficient and consistent experience for borrowers and lenders, positioning them competitively against large banks and fintechs. While many platforms focus on consumer lending, we saw an opportunity to develop technology tailored for commercial clients, acknowledging that commercial transactions vary greatly. Our extensive experience in commercial lending has led us to create a platform that addresses these unique needs and has since expanded to cover consumer and agricultural lending as well. What transformative trends are shaping the lending tech landscape? Can you highlight two? In the current climate, financial institutions are becoming more risk-averse, tightening credit in response to recent financial instability, recent bank failures, and fluctuating consumer purchasing power. Additionally, the depletion of stimulus funds has reduced liquidity, prompting institutions to focus on acquiring deposits to support their lending activities. This cyclical pattern sees a shift between deposit acquisition and lending emphasis over time. What are your top challenges in loan growth, and how can technology address these issues? Currently, the scarcity of liquidity has led institutions to prioritize deposit gathering over loan portfolio expansion. However, as these conditions evolve, loan demand could rise significantly. Institutions that build strong client relationships and offer modern lending experiences will be well-positioned to capitalize on future opportunities. How have you automated the loan lifecycle, and how can technology accelerate the renewal process? LoanVantage streamlines the entire loan lifecycle, from application through underwriting, approval, closing, and post-closing management. By leveraging data from existing stores, we enhance accuracy and speed throughout the process. For renewals, quicker access to information and automation in data requests and underwriting improve efficiency, benefiting both the institution and the account holder. What’s your top productivity hack or work-related shortcut? As a leader, surround yourself with talented individuals and support their efforts. In today’s fast-paced, tech-driven environment, no single person can keep up alone. Success comes from effectively managing and leveraging superior resources. What are your predictions for the future of fintech? I anticipate that open, API-first technology will integrate current fintech advancements with legacy systems, bridging the gap between old and new technologies. Your favorite fintech quote? I’m inspired by the quotes: “Fail fast, iterate faster” and “Don’t be afraid to fail.” Before we conclude, do you have any final tips for fintech leaders? My key advice is to embrace and collaborate with legacy providers to create superior experiences for clients. Working together can yield better results for all involved. Thank you, Gary! That was fun and we hope to see you back on Global Fintech Series.

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Harnessing AI in the Cloud Era: Transforming Finance with Gen AI Webinar – Aug 21 2024, 10:30pm

About this talk Join us for an in-depth webinar where we will explore the transformative power of generative AI in the highly regulated financial services industry. This session will delve into the technical and business aspects of AI and cloud integration, with a focus on compliance, talent development, data quality and accessibility, and practical implementation. Topics: 1. Integrating GenAI in Financial Services: Understand how generative AI models can enhance financial operations within regulatory frameworks, including detailed use cases and implementation strategies. 2. Developing AI Talent: Explore approaches to building and nurturing AI expertise within your organization to maximize its potential while adhering to industry standards. 3. Data Accessibility and Security: Learn how to manage and secure vast amounts of data in the cloud (private or public), ensuring efficient, compliant, and secure AI implementations This webinar is designed for financial professionals, IT leaders, and business strategists eager to leverage AI and cloud technologies within the confines of a regulated industry. Attendees will walk away with actionable insights and practical knowledge to implement AI solutions, ensuring their financial services are at the forefront of innovation while remaining compliant. Presented by Eugina Jordan, Chief Marketing Officer & Author | Telecom Infra Project

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A revolutionary maths-based approach to fixed income investing Webinar – Aug 21 2024, 7:30pm

About this talk Most fixed income managers focus on 3 things when selecting bonds: interest rate predictions, duration, and yield. PT Asset Management (PTAM) looks beyond these traditional metrics, which has resulted in strong long-term performance and significant growth in their US mutual funds. Join PTAM’s CEO, Sean Dranfield, as he dives into PTAM’s unique investment methodology, how it leads to different results, and how their portfolio management style can fill a void in the European fixed income market. Sean will answer the following questions: Who is PT Asset Management (PTAM)? – How is PTAM’s maths-based investment process, Shape Management®, different from traditional fixed income managers? – What kind of opportunities does Shape Management® uncover? – How do yields in the U.S. compare to Europe? – How can PTAM provide portfolio diversification and an interest rate hedge that traditional European fixed income portfolios lack? For professional investors only. Capital at risk. Presented by Sean Dranfield, Tom Bailey

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Navigating the Cloud: Driving Financial Innovation for Tomorrow’s Economy Webinar – Aug 20 2024, 10:30pm

About this talk The advent of cloud computing has ushered in a new era of financial services, characterized by unprecedented levels of innovation, agility, and scalability. As the finance sector grapples with the dual challenges of increasing regulatory scrutiny and rapidly changing consumer expectations, the cloud emerges as a pivotal force for transformation. This presentation aims to dissect the multifaceted impact of cloud technology on the finance industry, highlighting key strategies for leveraging cloud computing to foster innovation and competitive advantage. We will delve into the core aspects of cloud-powered financial innovation, beginning with an exploration of how cloud technology is reshaping traditional banking, investment, and insurance models. We will examine case studies of fintech startups and established financial institutions that have successfully harnessed the cloud to launch innovative services, improve operational efficiency, and enhance customer experience. Furthermore, the presentation will address the critical role of security, compliance, and data governance in cloud-based financial services. With the increasing frequency and sophistication of cyber threats, we will discuss best practices for securing sensitive financial data in the cloud, ensuring compliance with global financial regulations, and building trust with customers. Presented by Jerald Murphy, SVP Research & Consulting | Nemertes

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Maximize Your Cloud Storage ROI, Minimize Excess Fees Webinar – Aug 20 2024, 11:30pm

About this talk As cloud computing continues to integrate with traditional IT operations, a closer look at the true cost of digital transformation has uncovered some unfortunate truths – some cloud services are more expensive than they were expected to be. This is especially true for Infrastructure-as-a-Service (IaaS) and cloud storage in particular. The majority of IaaS providers, the global hyper scalers, include a plethora of miscellaneous fees that results in double or triple the list price. As datasets grow 20-40% year over year and utilization bounces from quiescent to very active, the result is an unpredictable billing that breaks budgets and forces decisions between meeting retention compliance requirements and long term retention of data assets that could prove valuable in an AI-driven future. We will explore the fee problem, typical for the hyper scalers offerings, and shape a framework for evaluating alternative offerings. Ultimately, we’ll define an ideal cloud storage offering that provides a predictable cost to support the goals of innovation and discovery for enterprises need to drive to gain a competitive advantage in their respective industry. Join this session to understand Speakers: – Drew Schlussel, Senior Director of Product Marketing, Wasabi Technologies Presented by Drew Schlussel, Senior Director of Product Marketing, Wasabi Technologies

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First Time Buyers: Market Insights and Solutions Webinar – Aug 20 2024, 3:30pm

About this talk First time buyers are facing significant challenges, such as reduced availability of high loan-to-value mortgages, increased house prices, and stricter lending criteria. There are still many potential first time buyers who aspire to own their own home, but are struggling to save for a deposit or meet the affordability requirements. Therefore, there is a need for more support and innovation from lenders and brokers to help first time buyers overcome these barriers and access the mortgage market. Join us for an informative and engaging panel webinar where we will explore the current state of the first time buyer market in the UK, the challenges and opportunities for mortgage brokers, and the solutions that some of the leading lenders can offer. Our panel of experts will share their insights and best practices on how to help first time buyers achieve their homeownership goals, and answer your questions live. Whether you are new to the first time buyer segment or looking to grow your business, this webinar will provide you with valuable information and guidance. Register now and don’t miss this opportunity to learn more. Presented by Elle Heal, Account Relationship Manager at Legal & General

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[EMEA] Command with Confidence: Insights from Andrew Bustamante Part 2 Webinar – Aug 15 2024, 6:30pm

About this talk Join us for part 2 of our “Command with Confidence: Insights from Andrew Bustamante” session that was originally aired during our Take Command Summit. This session features never before seen content with former CIA intelligence officer and US Air Force combat veteran Andrew Bustamante. In this captivating interview, you’ll explore how dynamic thinking, creative problem-solving, and risk-taking from international espionage can elevate both your personal and professional life. Gain insights into the essential skills for understanding your competition, predicting human behavior, and controlling environments to achieve seemingly impossible objectives. Discover the tools, tactics, and techniques once reserved for elite intelligence agencies, and empower yourself to Take Command of your environment with clarity and confidence. Presented by Andrew Bustamante – Everyday Spy, Jeffrey Gardner Field CTO – Americas Rapid7

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Small cap & value in a concentrated, momentum-driven market Webinar – Aug 15 2024, 3:00pm

About this talk In our latest Investment Team Insight episode, William Lough, manager of the Global Sustainable Opportunities Strategy will address: – Key drivers behind the strategy’s performance, including strong stock selection in areas like US financials and Japanese industrials – The team’s engagement activities, such as encouraging share buybacks, and the positive response from our holdings – Highlighting “picks and shovels” type businesses within the portfolio benefiting from investment in AI – Observations on “desynchronized global cycles” creating contrarian stock-picking opportunities across different sectors In addition, William will discuss: – The investment case for two new portfolio additions, Arcosa and Intercontinental Exchange Join William Lough online on Thursday 15th August at 10.30am Presented by William Lough

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Unlocking the Potential of Hybrid Cloud: Expert Insights for Financial Services Webinar – Aug 13 2024, 10:30pm

About this talk In the highly regulated and data-intensive world of banking and financial services, hybrid cloud solutions offer the potential to unlock new levels of innovation, agility, and cost efficiency. Join our exclusive webinar with experts from Hitachi Vantara and Celent as they explore the current state of hybrid cloud adoption. They will assess the extent of hybrid cloud implementation, delve into the key considerations and challenges organizations face, and highlight real-world case studies of financial institutions that are leading the charge. Additionally, they will discuss future trends and developments in hybrid cloud technology, providing invaluable insights for organizations looking to enhance their cloud strategy. Don’t miss this opportunity to gain expert knowledge and practical advice on mastering the hybrid cloud landscape in financial services. Presented by Mark Katz, CTO – Financial Services, Hitachi Vantara, Craig Focardi, Principal Analyst, Celent

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