Tag: Challenger

Challenger bank accessing latest anti-money laundering technology through fintech

Challenger OakNorth is expanding its use of technology from a fintech supplier to ensure it meets anti-money laundering regulations.

The bank initially began using technology from ComplyAdvantage earlier this year, when it replaced incumbent supplier World-Check with the fintechs anti-money laundering screening platform. Using a ComplyAdvantage database, this service checks names of customers onboarding against politically exposed person (PEP) lists, sanctions lists and adverse media.

OakNorth, which has a policy of looking to the fintech sector for products and services, is now looking at automated transaction monitoring from ComplyAdvantage.

OakNorth got its UK banking licence in March 2015. It targets lending at high-growth small and medium-sized enterprises (SMEs) and now has over 140,000 savings customers with its pre-tax profits reaching £65.9m last year.

Although, unlike the big banks, OakNorth does not offer current accounts and therefore does not process huge numbers of transactions, it recognises that, like all other banks,

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ACC Chip Shots: Don’t discount Virginia Tech as a conference title challenger in 2020

The ACC Championship race in 2020 has a simple premise but no certain answers. Clemson, the five-time conference champs and current No. 1 team in the country, is expected to be the best team in the league and nearly a lock to make to Charlotte as one of the top two teams in the 15-team, division-free standings established for 2020. That is not a guarantee that Clemson will go undefeated in league play like it did in 2015, 2018 and 2019, but it acknowledges that if the Tigers do lose, it’s highly unlikely that it would happen multiple times and two other teams finishing the season with a better winning percentage in conference play. 

So the ACC Championship Game picture is at least partially easy to predict, but finding the right side to back as Clemson’s likely opponent is much more difficult, particularly after a strong debut from Virginia Tech. 

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Tesla Challenger? Battery Startup QuantumScape Claims Mastering Superior Technology

KEY POINTS

  • QuantumSpace is making batteries with “purest lithium” for EVs
  • The company claims that these EVs would charge faster and cost less
  • The startup is soon to go public at the New York Stock Exchange
  • QuantumSpace has raised over $500 million

A California-based startup is hoping to give Elon Musk’s Tesla a tough competition in the electric vehicles market, with claims to developing a breakthrough battery technology.

QuantumSpace, backed by Bill Gates and the Volkswagen Group, announced its intention to list on the New York Stock Exchange after merging with shell company Kensington Capital Acquisition earlier this month, at an enterprise value of $3.3 billion.

QuantumSpace, if its claims of superior battery technology to Tesla’s is true, could shake up the dominant position that Tesla has enjoyed in the EV space for the past decade. It could even play out as an extension of the rather public feuding between 

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Just Wallet Launches Its Debut Challenger Bank Technology Update

Just Wallet

Just Wallet
Just Wallet
Just Wallet

Toronto, Ontario, Sept. 14, 2020 (GLOBE NEWSWIRE) — A Startup Offering Ideal Currency Solutions

Just Wallet is a federally regulated money service business (MSB) based in Canada with its headquarters located in the financial disclosure of Toronto. In the past, the company successfully completed the implementation of an ATM machine pilot in 2019 and is soon to secure a patent for payment technology that accepts multiple forms of currency. As the most trusted Fintech banking, whitelabel technology on the market since 2017, Just Wallet intends to be the first choice to initiate online banking, e-wallet services, a payment processor, and a payment aggregator. As a fintech firm and fully trademarked company, Just Wallet strives to provide a leading service in finance. 

As a convenient and accessible finance service, Just Wallet provides users an effortless experience with prime navigational features and capability tools. The platform

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