Thalassa (di) Regulatory News (THAL)

Thalassa Holdings

RNS Number : 2594H

THAL subsidiary enters partnership with leading Swiss RegTech company Indigita

Thalassa Holdings Limited

21 April 2020

Thalassa Holdings Ltd

(Reuters: THAL.L, Bloomberg: THAL:LN)

("Thalassa", "THAL" or the "Company")

Thalassa subsidiary technological partnership

The board of Thalassa is pleased to report that id4 AG ("id4"), a subsidiary of Apeiron Holdings AG ("Apeiron") the Company's Swiss subsidiary, has entered into a technological partnership with leading Swiss regtech company Indigita to automate cross-border compliance checks and risk controls for small and medium-sized financial institutions via id4's CLM4.bank platform.

Thanks to the integration of Indigita's API into the CLM4.bank platform, id4 can offer its clients cross-border compliance checks on information related to business processes, such as onboarding, customer relationship management and KYC procedures. This provides financial institutions with a high degree of regulatory certainty and clarity in the area of cross-border business along the entire client lifecycle. Indigita's expertise is based directly on the knowledge of BRP Bizzozero and Partners, cross-border risk management specialists and well-known in the industry for their Country Manuals. The integration with CLM4.bank further strengthens the position of Indigita's proprietary API as an industry standard for automated cross-border rules application.

Indigita CEO Achille Deodato said: "Indigita's API is a natural fit for any client onboarding and lifecycle management of clients. Thanks to our solution, it is possible to manage cross-border risks in a fully automated and effortless manner at several levels. I am very glad of the partnership with ID4: the users of CLM4.bank will now be able to enjoy an advanced lifecycle management solution that allows them to conduct business safely across the borders."

id4 AG CEO Sebastien Lalande said: "CLM4.bank offers a simple to use, one stop solution for client lifecycle management. Integrated seamlessly with best in class third party providers, we support our clients on managing their regulatory obligations in the most efficient manner. Regulatory-wise one of the first obstacles financial institutions face when contacting clients and prospects is to make sure they comply with Cross Border rules. I am very happy to be able to propose Indigita's recognised expertise within our CLM4.bank solution to guide our clients efficiently."

Duncan Soukup, Chairman of Thalassa, said "We are delighted that Indigita's automated cross-border compliance checks and risk controls are to be rolled out to small and medium-sized financial institutions via id4's CLM4.bank platform. Clarity in the area of cross-border business is vital to many financial institutions, and this partnership will further enhance id4's capability and service offering in this area to its financial services marketplace."

id4 customers can benefit from the cross-border controls as of now.

About Apeiron

Apeiron was established as an investment vehicle for opportunities in the European FinTech sector. Following completion of the acquisition of id4, Apeiron is actively seeking further acquisition opportunities.

About id4 AG

id4 AG is a Swiss regulatory technology (regtech) company established in Lucerne which provides Client Lifecycle Management (CLM) software to support Financial Institutions to comply with Know Your Customer and Anti Money Laundering regulations. id4 software solutions - based on Appway technology - are off-the-shelves, ready-to-use, based on best-practice and easily integrated into existing processes.

www.id4bank.ch

About Indigita SA

Indigita SA is a Swiss regulatory technology (regtech) company headquartered in Geneva, which provides a suite of interactive trainings, digital tools and APIs to support financial institutions and their employees to conduct cross-border business in a safe and compliant way. By combining the industry-leading regulatory knowledge of its principal shareholder BRP Bizzozero & Partners SA with innovative digital channels, Indigita provides banks and asset managers efficient access to the most complete and up-to-date collection of cross-border rules for more than 170 countries.

www.indigita.ch 

END

www.thalassaholdingsltd.com

Note to Editors:

About Thalassa

Thalassa Holdings Ltd, incorporated and registered in the BVI, is a holding company with various interests across a number of industries.