HSBC completes cross-border Rmb-denominated blockchain letter of credit

HSBC has completed a cross-border, renminbi (Rmb)-denominated letter of credit blockchain deal, in what the bank says is the world’s first transaction …

Our privacy commitments

This Privacy Policy outlines the information we may collect about you in relation to your use of our websites, events, related publications and services (“personal data”) and how we may use that personal data. It also outlines the methods by which we and our service providers may (subject to necessary consents) monitor your online behaviour to deliver customised advertisements, marketing materials and other tailored services. This Privacy Policy also tells you how you can verify the accuracy of your personal data and how you can request that we delete or update it.

This Privacy Policy applies to all websites operated by Exporta Publishing & Events Ltd (as indicated on the relevant website).

This privacy statement does not cover the activities of third parties, and you should consult those third-party sites’ privacy policies for information on how your data is used by them.

Any questions regarding this Policy and our privacy practices should be sent by e-mail to privacy@gtreview.com or by writing to Data Protection Officer at, Exporta Publishing & Events Ltd, 4 Hillgate Place, London, SW12 9ER, United Kingdom. Alternatively, you can telephone our London headquarters at +44 (0) 20 8673 9666.

Who are we?

Established in 2002 and with offices in London and Singapore, Exporta Publishing & Events Ltd is the world’s leading trade and trade finance media company, offering information, news, events and services for companies and individuals involved in global trade.

Our principal business activities are:

  • Business-to-Business financial publishing. We provide a range of products and services focused on international commodities, export, supply chain and trade finance markets including magazines, newsletters, electronic information and data
  • Organisers of seminars, conferences, training courses and exhibitions for the finance industry

Exporta Publishing & Events Ltd is a company registered in the United Kingdom with company number 4407327 | VAT Registration: 799 1585 59

Data Protection Policy

This Data Protection Policy explains when and why we collect personal information about people who visit our website, how we use it, the conditions under which we may disclose it to others and how we keep it secure.

Why do we collect information from you?

Our primary goal in collecting personal data from you is to give you an enjoyable customised experience whilst allowing us to provide services and features that will meet your needs.

We collect certain personal data from you, which you give to us when using our Site and/or registering or subscribing for our products and services. However, we also give you the option to access our Sites’ home pages without subscribing or registering or disclosing your personal data.

We also collect certain personal data from other group companies to whom you have given information through their websites (including, by way of example, Exporta Publishing & Events Ltd and subsidiaries, in accordance with the purposes listed below). Should we discover that any such personal data has been delivered to any of the Sites, we will remove that information as soon as possible.

Why this policy exists

This Data Protection Policy ensures Exporta Publishing & Events Ltd:

  • Complies with data protection law and follow good practice
  • Protects the rights of staff, customers and partners
  • Is open about how it stores and processes individuals’ data
  • pretexts itself from the risk of a data breach

We may change this Policy from time to time so please check this page occasionally to ensure that you’re happy with any changes. By using our website, you’re agreeing to be bound by this Policy.

Data protection law

The Data Protection Act 1998 described how organisations – including Exporta Publishing & Events Ltd – must collect, handle and store personal information. These rules apply regardless of whether data is stored electronically, on paper or on other materials. To comply with the law, personal information collected must be stored safely, not disclosed unlawfully and used fairly.

The Data Protection Act is underpinned by eight important principles. These say that personal data must:

  • Be processed fairly and lawfully
  • Be obtained only for specific, lawful purposes
  • Be adequate, relevant and not excessive
  • Be accurate and kept up to date
  • Not be held for any longer than necessary
  • Processed in accordance with the rights of data subjects
  • Be protected in appropriate ways
  • Not be transferred outside the European Economic Area (EEA), unless that country of territory also ensures an adequate level of protection

How do we collect information from you?

We obtain information about you when you use our website, for example, when you contact us about products and services, when you register for an event, register to receive eNewsletters, subscribe or register for a trial to our GTR magazine/website.

Types of Personal Data Held and its Use

1. Customer Services and Administration

On some Sites, Exporta Publishing & Events Ltd collects personal data such as your name, job title, department, company, e-mail, phone, work and/or home address, in order to register you for access to certain content, subscriptions and events. In addition, we may also store information including IP address and page analytics, including information regarding what pages are accessed, by whom and when.

This information is used to administer and deliver to you the products and/or services you have requested, to operate our Sites efficiently and improve our service to you, and to retain records of our business transactions and communications. By using the Sites and submitting personal information through the registration process you are agreeing that we may collect, hold, process and use your information (including personal information) for the purpose of providing you with the Site services and developing our business, which shall include (without limitation) the purposes described in the below paragraphs.

2. Monitoring use of our Sites

Where, as part of our Site services, we enable you to post information or materials on our Site, we may access and monitor any information which you upload or input, including in any password-protected sections. Subject to any necessary consents, we also monitor and/or record the different Sites you visit and actions taken on those Sites, e.g. content viewed or searched for. If you are a registered user (e.g. a subscriber or taking a trial), when you log on, this places a cookie on your machine. This enables your access to content and services that

are not publicly available. Once you are logged on, the actions you take – for example, viewing an article – will be recorded (subject to any necessary consents). We may use technology or a service provider to do this for us. This information may be used for one or more of the following purposes:

  • to fulfil our obligations to you;
  • to improve the efficiency, quality and design of our Sites and services;
  • to see which articles, features and services are most read and used
  • to track compliance with our terms and conditions of use, e.g. to ensure that you are acting within the scope of your user licence;
  • for marketing purposes (subject to your rights to opt-in and opt-out of receiving certain marketing communications) – see paragraph 3 below;
  • for advertising purposes, although the information used for these purposes does not identify you personally. Please see paragraph 5 below for more details;
  • to protect or comply with our legal rights and obligations; and
  • to enable our journalists to contact and interact with you online in connection with any content you may post to our Sites.

Please see paragraph 5 below for more information on cookies and similar technologies and a link to a page where you can turn them on or off.

3. Marketing

Some of your personal data collected under paragraphs 1 and 2 above may be used by us to contact you by e-mail, telephone and/or post for sending information or promotional material on our products and/or services and/or those of our other group companies. We give you the opportunity to opt-out of receiving marketing communications. Further detail can be found on the applicable Site and in the footer of each marketing communication sent by us, our group companies or service providers. See also “Consents and opt-outs” section below. We will not share your information with third parties for marketing purposes.

4. Profiling

We may analyse your personal information to create a profile of your interests and preferences so that we can contact you with information relevant to you.

5. Cookies and similar technologies

All our Sites use cookies and similar technical tools to collect information about your access to the Site and the services we provide.

What is a cookie?

When you enter some sites, your computer will be issued with a cookie. Cookies are text files that identify your computer to servers. Cookies in themselves do not identify the individual user, just the computer used.

Many sites do this whenever a user visits their site in order to track traffic flows, recording those areas of the site that have been visited by the computer in question, and for how long.

Users have the opportunity to set their computers to accept all cookies, to notify them when a cookie is issued, or not to receive cookies at any time. Selecting not to receive means that certain personalised services Exporta Publishing & Events Ltd offers cannot then be provided to that user.

Why do we use cookies?

  1. Log In – Where we provide log in mechanisms for site users a cookie is created at login and for the duration of the session. Each cookie contains a unique reference number only (no personal information) which is used to confirm you are authorised.
  2. Analytics – To allow us to keep track of traffic to our website we use cookies. The cookies simply tell us if you have previously visited our website so we can get more accurate figures for New vs Returning visitors.

Find and control your cookies

All of the major browser providers offer advice on setting up and using the privacy and security functions for their products. If you require technical advice or support for a specific browser/version please contact the provider or visit their website for further details: www.microsoft.com / www.mozilla.com / www.apple.com

/ www.opera.com / www.aol.com / www.netscape.com

/ www.flock.com / www.google.com

We may use cookies to:

  • remember that you have used the Site before; this means we can identify the number of unique visitors we receive to different parts of the Site. This allows us to make sure we have enough capacity for the number of users that we get and make sure that the Site runs fast enough
  • remember your login session so you can move from one page to another within the Site;
  • store your preferences or your user name and password so that you do not need to input these details every time you visit the Site;
  • customise elements of the layout and/or content of the pages of Site for you;
  • record activity on our Sites so that we understand how you use our Sites enabling us to better tailor our content, services and marketing to your needs;
  • collect statistical information about how you use the Site so that we can improve the Site; and
  • gather information about the pages on the Site that you visit, and other information about other websites that you visit, so as to place you in a “market segment”. This information is only collected by reference to the IP address that you are using, but does include information about the county and city you are in, together with the name of your internet service provider.

Most web browsers automatically accept cookies but, if you prefer, you can change your browser to prevent that, or to notify you each time a cookie is set. You can also learn more about cookies in general by visiting www.allaboutcookies.org which includes additional useful information on cookies and how to block cookies using different types of browser. Please note however, that by blocking, deleting or turning off cookies used on the Site you may not be able to take full advantage of the Site.

6. E-mail tracking

E-mail tracking is a method for monitoring the e-mail delivery to those subscribers who have opted-in to receive marketing e-mails from GTR, including GTR Africa, GTR Asia, GTR Americas, GTR Europe, GTR Mena, GTR eNews, Third party e-mails and GTR Ventures.

Why do we track e-mails?

So that we can better understand our users’ needs, we track responses, subscription behaviour and engagement to our e-mails – for example, to see which links are the most popular in newsletters. They enable us to understand the consumers journey through metrics including open rate, click-through rate, bounces and unsubscribes. Any other purposes for which Exporta Publishing & Events Ltd wishes to use your personal data will be notified to you and your personal data will not be used for any such purpose without obtaining your prior consent.

How do you track GTR eNewsletters?

To do this, we use pixel GIFs, also known as “pixel tags” – these are small image files that are placed within the body of our e-mail messages. When that image is downloaded from our web servers, the e-mail is recorded as being opened. By using some form of digitally time-stamped record to reveal the exact time and date that an e-mail was received or opened, as well the IP address of the recipient.

7. Consents and opt-outs

You can give your consent to opt-out of all or any particular uses of your data as indicated above by:

  • Indicating at the point on the relevant Site where personal data is collected
  • Informing us by e-mail, post or phone
  • Updating your preferences on the applicable Site or eNewsletter (unsubscribe and preference options are available in the footer of each eNewsletter)

To turn cookies and similar technologies on and off, see the information in paragraph 5 above. Any questions regarding consents and opt-outs should be sent by e-mail to privacy@gtreview.com or by writing to Data Protection Officer at, Exporta Publishing & Events Ltd, 4 Hillgate Place, London, SW12 9ER, United Kingdom. Alternatively, you can telephone our London headquarters at +44 (0) 20 8673 9666.

8. Disclosures

Information collected at one Site may be shared between Exporta Publishing & Events Ltd and other group companies for the purposes listed above.

We may transfer, sell or assign any of the information described in this policy to third parties as a result of a sale, merger, consolidation, change of control, transfer of assets or reorganisation of our business.

9. Public forums, message boards and blogs

Some of our Sites may have a message board, blogs or other facilities for user generated content available and users can participate in these facilities. Any information that is disclosed in these areas becomes public information and you should always be careful when deciding to disclose your personal information.

10. Data outside the EEA

Services on the Internet are accessible globally so collection and transmission of personal data is not always limited to one country. Exporta Publishing & Events Ltd may transfer your personal data, for the above-listed purposes to other third parties, which may be located outside the European Economic Area and/or with a different level of personal data protection. However, when conducting transfers, we take all necessary steps to ensure that your data is treated reasonably, securely and in accordance with this Privacy Statement.

Who has access to your information?

Confidentiality and Security of Your Personal Data

We are committed to keeping the data you provide us secure and will take reasonable precautions to protect your personal data from loss, misuse or alteration.

However, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our Site; any transmission is at your own risk. Once we have received your information, we will use strict procedures and security features described above to try to prevent unauthorised access.

We have implemented information security policies, rules and technical measures to protect the personal data that we have under our control from:

  • unauthorised access
  • improper use or disclosure
  • unauthorised modification
  • unlawful destruction or accidental loss

All our employees, contractors and data processors (i.e. those who process your personal data on our behalf, for the purposes listed above), who have access to, and are associated with the processing of your personal data, are obliged to keep the information confidential and not use it for any other purpose than to carry out the services they are performing for us.

Responsibilities

Everyone who works for or with Exporta Publishing & Events Ltd has some responsibility for ensuring data is collected, stored and handled appropriately. Each team handling personal data must ensure that it is handled and processed in line with this policy and data protection principles. However, the following people have key areas of responsibility. The board of directors is ultimately responsible for ensuring that Exporta Publishing & Events Ltd meets its legal obligations.

Name of Data Controller

The Data Controller is Exporta Publishing & Events Ltd. Exporta Publishing & Events Ltd is subject to the UK Data Protection Act 1998 and is registered in the UK with the Information Commissioner`s Office.

How to access, update and erase your personal information

If you wish to know whether we are keeping personal data about you, or if you have an enquiry about our privacy policy or your personal data held by us, in relation to any of the Sites, you can contact the Data Protection Officer via:

  • By writing to this address: Data Protection Officer, Exporta Publishing & Events Ltd, 4 Hillgate Place, London, SW12 9ER, UK
  • Telephone: +44 (0) 20 8673 9666
  • E-mail: privacy@gtreview.com

Upon request, we will provide you with a readable copy of the personal data which we keep about you. We may require proof of your identity and may charge a small fee (not exceeding the statutory maximum fee that can be charged) to cover administration and postage.

Exporta Publishing & Events Ltd allows you to challenge the data that we hold about you and, where appropriate in accordance with applicable laws, you may have your personal information:

  • erased
  • rectified or amended
  • completed

Disclosing data for other reasons

In certain circumstances, the Data Protection Act allows personal data to be disclosed to law enforcement agencies without the consent of the data subject. Under these circumstances, Exporta Publishing & Events Ltd, will disclose requested data. However, the Data Controller will ensure the request is legitimate, seeking assistance from the board and from the company’s legal advisors where necessary.

Changes to this Privacy Statement

We will occasionally update this Privacy Statement to reflect new legislation or industry practice, group company changes and customer feedback. We encourage you to review this Privacy Statement periodically to be informed of how we are protecting your personal data.

Providing information

Exporta Publishing & Events Ltd aims to ensure that individuals are aware that their data is being processed, and that they understand.

  • How the data is being used
  • How to exercise their rights

To this end, the company has a privacy statement, setting out how data relating to individuals is used by the company. This is available on request and available on the company’s website.

Review of this policy

We keep this Policy under regular review. This Privacy Statement was last updated in April 2018.

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London Stock Exchange Hits Record High After $39 Billion Hong Kong Takeover Bid

London Stock Exchange Group (LNSTY) shares surged to a fresh record high Wednesday after the London-based securities exchange received a $39 …

London Stock Exchange Group (LNSTY) shares surged to a fresh record high Wednesday after the London-based securities exchange received a $39 billion takeover from its Asian rival, the Hong Kong Exchanges and Clearing Limited.

However, the Hong Kong exchange said it would only go ahead with the deal if the LSE scraps talks to buy analytics firm Refinitiv from private equity group Blackstone Group (BXGet Report) for around $27 billion in a move that was meant to shore-up the exchange operator’s global reach in fixed income and data markets. The LSE said it would consider the proposal and make a further statement “in due course”.

Refinitiv, which majority-owns the fixed income trading venue Tradeweb as well as the foreign exchange trading platform FXAll, is best known for its data analytics business, a leading provider of real-time pricing, reference data, private and public company information and events.
“Bringing HKEX and LSEG together will redefine global capital markets for decades to come. Both businesses have great brands, financial strength and proven growth track records,” said HKEX CEO Laura Cha. “Together, we will connect East and West, be more diversified and we will be able to offer customers greater innovation, risk management and trading opportunities.”

“A combined group will be strongly placed to benefit from the dynamic and evolving macroeconomic landscape, whilst enhancing the long-term resilience and relevance of London and Hong Kong as global financial centers,” she added.

LSE Group shares were marked 5.67% higher in London following the Hong Kong offer and changing hands at a record high of £72.02 each, a move that values the company at just over £25.1 billion ($31.01 billion).

The HKEX, which already owns the London Metals Exchange, said it would pay £83.61 for each LSE Group share, a price that values the entire group, including its outstanding debt, at around £31.6 billion ($39 billion).

Crypta Labs Partner with EDAG to bring best in class security for the Automotive industry

… Labs to develop Automotive Cyber Security (ACS) solutions with unbreakable quantum encryption to the highest safety and connectivity standards.

London, UK, 09 Septemeber 2019. In its 50th anniversary year and part of its REinvent strategy EDAG is partnering with Crypta Labs to develop Automotive Cyber Security (ACS) solutions with unbreakable quantum encryption to the highest safety and connectivity standards.

Crypta Labs is a quantum cybersecurity company that develops IP, hardware and related software using the quantum properties of light to secure highly critical data and communication devices embedded in critical infrastructure for the automotive, aerospace, communication, medical, military, and transport sectors.

The company first developed its Quantum Random Number Generator (QRNG) technology for the UK Ministry of Defence (MoD) for robust applications requiring it to withstand extreme external influences such as vibration and temperature fluctuations.

The partnership between EDAG and Crypta Labs will focus on creating the most secure Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) solutions for the mobility industry in order to satisfy the growing demand for security countermeasures necessary to protect vehicle communications.

Cooperative Intelligent Transport Systems (C-ITS) are a key enabling technology for connected and autonomous vehicles (CAVs) which EDAG and Crypta Labs collaboration will drive the industry to better meet current and future safety, security and connectivity standards across all regions of the transportation industry.

EDAG shall be Crypta Labs’ general developer and engineering service provider for C-ITS using their Quantum Random Number Generator (QRNG) products and solutions widening its portfolio with the ultimate goal to produce the most secure hybrid C-ITS solutions in the market and to develop a modular security platform for wider mobility solutions;

One of its first commercial applications is for CAV applications within the Czech Republic C-Roads programme, where Crypta Labs is deploying its Hardware Security Module (HSM). Crypta Labs HSM is accessed through a customized adaptation of the PKCS#11 interface to enable access to and management of the certificates and tokens used in the C-ITS environment.

Crypta Labs CEO, Joe HQ Luong commented:

Our collaboration with EDAG is a pivotal next step not only for ourselves but also the evolution of the automotive industry with respect to connecting the driver, vehicle and environment to raise the standards of cyber resilience. Through the joint development of Automotive Security Solutions our goal is to significantly reduce accidents and save lives by implementing the next generation of secure communications for autonomous driving and safety systems.

EDAG UK Managing Director, Javier Rodrίguez;

We believe in collaboration rather than competition, working with Crypta Labs is key to successful development of this technology.


For more information please contact:

Cryptal Labs – Adnan Alami:

+44 203 6000 072 | adnan@cryptalabs.com

EDAG Engineering GmbH – Christoph Horvath

+49 661 6000570 | pr@edag.de

About Crypta Labs

Conceptualised in 2014, Crypta Labs Ltd was incorporated in 2015 after the realisation that a true random number generator to create military grade encryption was possible even by the use of the camera on a mobile phone. Since its establishment, Crypta Labs has won numerous industry accolades and awards for its innovation and a contract with the Ministry of Defence to move development past the proof of concept stage to product prototypes. The in-house technical team, now at headquarters nearby the silicon roundabout in London, together with specialist advisors from the military, aerospace and research fellows in Quantum science are responsible for driving the project forward. https://www.cryptalabs.com/about

About EDAG Engineering

ENGINEERING HAS ONE GOAL FOR US: IMPROVEMENT

We are the experts for the development of vehicles, production plants and the optimization of your processes. When it comes to automotive development, you need someone who understands mobility as a holistic approach. Development with passion. This is us.

The integrated development of vehicles and production equipment, derivatives, modules and their optimization – that is our expertise. It has made us what we are: the recognized, independent engineering expert for the automotive industry.

And your contact for the mobility of the future!

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‘I radically update my course module almost every year to keep up with the rate of change’

Interview Natural language processing, or NLP for short, is one of the key research areas of artificial intelligence, and has had a major boost in the last …

Interview Natural language processing, or NLP for short, is one of the key research areas of artificial intelligence, and has had a major boost in the last couple of years.

After all, the written word is everywhere – be it in the form of scientific texts, news articles, wiki entries, or seemingly simply status updates on the social platform of your choice – and there’s a huge interest in making sense of it all.

One company especially enthusiastic about NLP is Facebook. No matter your opinion about its platform, the amount of data the Silicon Valley giant has to process every single day is simply mind boggling. And its platform comes with some NLP already built in: take its translation capabilities, for example.

To advance what’s possible with NLP and other aspects of AI, Facebook invests in a network of research facilities under the Facebook AI Research (FAIR) moniker. Its London office is led by Sebastian Riedel, who is also a professor in natural language processing and machine learning at University College London – and a keynote speaker at The Register’s AI conference MCubed, which takes place at the end of this month.

But what can you do with it?

Prof Riedel took some time out to chat to us about his work ahead of his presentation, and shed some light on the discipline as a whole. “My research revolves around the question of how machines should represent and store knowledge read from text: should they walk around with a million books and read up where needed? Or remember everything?” the professor said. “Secondly, I want machines to be able to use this knowledge in various tasks such as answering complex questions.“

One Facebook-related use-case for that is what Prof Riedel characterises as “social recommendations – by understanding the language people use when asking for suggestions and offering recommendations, our systems can automatically help make those suggestions more useful – organizing restaurant recommendations on a map, for example.”

Besides this, and the already mentioned machine translations, NLP is also supposed to help us humans with something often debated in the context of social media: harmful content. According to Prof Riedel, “NLP systems also help us to proactively identify and deal with content that violates our policies, even before it’s seen or reported by people.”

If you still have a Facebook account and aren’t completely sure you want to volunteer your data for this kind of research, Prof Riedel can reassure you your sensitive info isn’t being feed into these studies: “At FAIR we focus a lot on open and reproducible research aimed at improving the general state-of-the-art in AI. This often means opting for public datasets that are shared by and with the wider research community, and avoiding the use of private and sensitive data.”

FAIR isn’t the only one taking that route, as more and more companies further along the path of incorporating AI are looking into techniques, such as federated learning to help keep private data private. But, then again, the discipline is going through a lot of changes right now, which means exciting times for Riedel and Co.

“The first big shift happened three years ago with the re-emergence of deep neural networks. Then, in the last year, we saw another important change after the release of ELMo and BERT, two pre-trained contextual word representations that leverage large unlabelled text collections to provide downstream models with better features.”

Keeping up, giving back

It also means a lot of work, though. “It’s been an exciting time to work in NLP, but it also means I must radically change my course module at UCL almost every year to keep up with the rate of change.”

Hanging up his sports jacket isn’t an option, though. “I still teach because I enjoy it, because I want to help grow the next generation of AI academics, start-up founders, teachers, and engineers, and because it’s one way industry can give back to the wider AI community.”

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Looking into the near future of NLP, the professor hopes to see “substantial improvements in the area of language and memory. Today we are good at processing a short piece of text to answer questions about it or classify it. But how to read, say, all of Wikipedia and then utilize this knowledge downstream is still unclear. There is some interesting work in this direction emerging this year.”

He’d also like to see some improvement in terms of long form text generation. “Language models can now produce text that ‘looks like language’ but if you look closely it often only makes superficial sense. I also expect true progress in multilingual NLP beyond English and a few other mainstream languages.”

For enterprise developers with an interest in the topic, the professor has a few points to help you make your case when it comes to discussing the use of NLP in upcoming projects. “First, a lot of enterprise data (and knowledge) exists not in structured form stored in a database, but as unstructured text. Leveraging this knowledge at scale requires processing and representing in a way that machines can ‘understand it’ – and this is where NLP comes in.

“Second, language is often the most natural interface for people to interact with systems around them and therefore it is sometimes useful for companies to automate, or semi-automate, this interaction.” ®

If you want to learn more about NLP or have direct questions for Sebastian Riedel, get your ticket for MCubed London 2019 now. On September 30, Professor Riedel will give the opening keynote at the AI and machine learning conference, which is going to take place at the QE II Centre.

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AkinovA Leads Insurtech Innovation with Adoption of OpenFin, the Ubiquitous Capital Markets OS

OpenFin investors include Bain Capital Ventures, Barclays, DRW Venture Capital, NEX Euclid Opportunities, J.P. Morgan, NYCA Partners, Pivot …

LONDON, Sept. 5, 2019 /PRNewswire/ — AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, together with OpenFin, the operating system (OS) of finance, today announced the adoption of OpenFin for the deployment of its groundbreaking trading platform for the risk transfer value chain. This integration with OpenFin allows users to access the AkinovA marketplace with an easy-to-use interface that looks and feels like a native app experience while enabling instant deployment and upgrades.

“As an independent marketplace, our goal at AkinovA is to create a single, powerful, regulated trading and clearing platform that provides a seamless experience for the re/insurance industry,” said AkinovA CTO Dr. Marcus Marr. “Now, thanks to OpenFin we are proud to offer our users easy access to our secure, scalable, and standardized marketplace with a modern and beautiful end-user experience.”

AkinovA plans to grow the overall size of the re/insurance market by enabling new participants to enter and existing participants to transact more business and to create an effective secondary market for the re-trading of re/insurance risks bringing together third-party news, data and analytics from its users and partners. The integration with OpenFin will enhance deployability and serve as a pathway to scaling the AkinovA offering.

AkinovA is also working with a number of brokers, who act as key channel partners for the existing industry, to kickstart liquidity on the marketplace. AkinovA will provide them with a venue to service their clients’ needs in a more efficient and timely manner as well as give them access to new clients entering the market who would benefit from their advice.

“This development is paramount to what is about to be an incredible overhaul in the insurance and risk trading space,” said OpenFin CEO, Europe, Adam Toms. “AkinovA is the first insurtech company running on OpenFin and we’re looking forward to enabling even more insurance companies and vendors to modernize their technology across the space.”

About OpenFin

Move Fast. Break Nothing. OpenFin is the financial industry’s operating system, enabling rapid and secure deployment, native experience and desktop interoperability. Used by the largest industry players through to the newest of FinTech innovators, OpenFin deploys more than 1,000 desktop applications across 200,000 desktops in more than 1,500 buy-side and sell-side firms in 60+ countries. OpenFin investors include Bain Capital Ventures, Barclays, DRW Venture Capital, NEX Euclid Opportunities, J.P. Morgan, NYCA Partners, Pivot Investment Partners and Wells Fargo among others. The company has offices in New York and London. https://openfin.co

About AkinovA

AkinovA has built an independent electronic marketplace for the transfer and trading of (re)insurance risks and is regulated by the Bermudan Monitory Authority (BMA). Founded by experts from Insurance, Technology and Capital Markets, AkinovA is working with the existing (re)insurance value chain to help grow the overall market.

AkinovA is backed by an accomplished Advisory Board with a wealth of experience in Insurance, Capital Markets and Technology. Whilst remaining an independent marketplace, AkinovA is working with leading insurance industry participants, including Hiscox and MS&AD Insurance Group, as well as Plug and Play Insurtech, NYC based marketplace venture capitalist FJ Labs, Israel based InsurTech/FinTech venture capitalist FinTLV and other undisclosed investors.

For more information, please go to: www.AkinovA.com

SOURCE OpenFin

Related Links

https://openfin.co

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