Blockchain
Umazi Collaborates with Artesian : DueDil to Automate and Accelerate SME Corporate Due Diligence
London 1st February 2022: Artesian : DueDil, a leading UK Fintech tackling some of financial services biggest challenges, is pleased to announce a new partnership with enterprise digital identity provider, Umazi. Aiming to set a new onboarding standard for due diligence processes in the SME market, the collaboration between these two influential digital leaders will uniquely facilitate a more streamlined and robust compliance landscape.
Regulated institutions such as banks, FSIs, and law firms must continuously scrutinise the identity and validity of SMEs to assess and classify risk. However, despite being time-sensitive, these processes are typically inefficient. This unique partnership eliminates the burden by combining Umazi’s open-source permissioned blockchain platform, with Artesian : DueDil’s Business Information Graph (B.I.G™) to surface unique insights for advanced validation and verification at scale.
Speaking about the partnership Justin Fitzpatrick, COO and Co-Founder at Artesian : DueDil, commented: “Businesses have suffered the consequences of onerous due diligence requirements and backwards processes for too long. Manual due diligence is not only expensive and time-consuming, but also leaves financial services providers open to unnecessary risk. By working in partnership with Umazi, our aim is to facilitate the cross-industry adoption of more streamlined and continuously updated due diligence. It’s a solution that is faster, cheaper and more robust for both businesses and financial services providers.”
Cindy van Niekerk, CEO of Umazi, added: “We are delighted to work with Artesian : DueDil, a partnership that we believe will act as a catalyst for change in the way financial institutions conduct their due diligence on corporate customers. Artesian : DueDil has a long-standing reputation for helping banks, insurers and FinTechs engage and onboard the right business customers. Umazi pioneering digital ledger technology adds to this, creating a re-usable identity that benefits businesses and financial institutions.”
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NOTES TO THE EDITORS
For more information please contact:
Kelly Prior, PR Consultant
Tel: 07730 572878
Email: [email protected]
About Artesian : DueDil
Artesian : DueDil helps companies in financially regulated industries do better business faster. Its solutions allow front and middle office teams to engage, onboard and retain the right business customers for life. Best-in-class data enrichment provides a comprehensive customer view and a powerful, low-code rules engine reduces the regulatory burden and drives greater automation. Through its web application and best-in-class API, Artesian : DueDil drastically reduces the cost to acquire and serve the right business customers.
Backed by top tier investors including Octopus Investments, Notion Capital, Augmentum Fintech and notable angel investors, Artesian : DueDil brings together decades of combined experience serving UK financial institutions. Today, it serves more than 600 customers and 15,000 end users in 6 of the 10 largest UK banks, as well as top insurers and FinTechs.
Visit https://www.better-business-faster.com/ to find out more.
About Umazi
Umazi facilitates the creation of a cross-industry digital identity, enabling corporates to prove their identity and legitimacy. Umazi offers a compliance solution that drastically reduces the complexity of compliance processes. As a result, further reducing time, costs and risks that are usually involved. Furthermore, it allows for a real-time and transparent audit process, enabling financial institutions to manage their client data more effectively.
Source: RealWire
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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