Sumitomo Mitsui Banking Corporation Europe (SMBC) has selected Exiger’s artificial intelligence-powered technology DDIQ to strengthen the bank’s know your customer (KYC) and anti-money laundering (AML) requirements in the Europe, the Middle East and Africa (EMEA) region. DDIQ platform, deployed throughout SMBC’s client onboarding and monitoring processes, comprehends and evaluates content with cognitive reasoning to improve […]
Diageo investment in Seedlip: Diageo, through its startup accelerator program Distill Ventures, has acquired a majority stake in Seedlip, which is claimed to be the world’s first distilled non-alcoholic spirits brand, as per the latest drinks acquisition news. The acquisition marks the first non-alcoholic brand acquired by the beverage alcohol producer through Distill Ventures. Seedlip, […]
PPRO acquisition of allpago : UK-based cross-border e-payments company PPRO has acquired allpago, a Latin American payments provider for an undisclosed price, to create one of the leading platforms in the world for local payments. allpago offers payment and gateway services across Latin America covering 90% of the Latin American e-commerce market. PPRO says that […]
Banking industry news : Yes Bank, an Indian private sector bank has secured approval from India’s central banking institution – the Reserve Bank of India (RBI) to open two international representative offices in London and Singapore. The Indian private sector bank said that the opening of the offices is part of its entry into global […]
Ice cream industry news : Nestle Canada plans to boost its production capabilities at its ice cream factory in London, Southwestern Ontario with an investment of CAD 51.5 million ($40 million). The Nestle ice cream factory located on Wilton Grove Road, manufactures the Haagen-Dazs, Parlour and Drumstick ice cream products for the Canadian market. It […]
Uber ban in London : In a massive blow to US-based Uber, the taxi services company’s five-year operating license in London will not be renewed after this month as it has been deemed to be unfit by the Transport for London (TfL). The decision from the Greater London transport regulator puts the future of 40,000 […]