Category: GLOBE-NEWSWIRE

Posted on

Invest in Dominica for a life in paradise

Roseau, Dec. 27, 2022 (GLOBE NEWSWIRE) — The festive season is often a time to reflect on the year that has passed and on plans and goals for the year to come. With gift-giving around the world, the festive season is also a time to think about what one really wants from life.

With the explosion of remote work options around the world, our experience wish lists are no longer restricted by location. And even if your professional and private life requires you to be in a certain location from time to time, the world has opened in ways which may just top your stockings’ list.

Dream island location

The Caribbean is known for its idyllic beaches and island lifestyle. Let alone its dynamic culture and history, it’s offered a hideaway for investors the world over.

Located halfway along the Eastern Caribbean archipelago is the Commonwealth of Dominica, an island-state stretching 751 km² (290 square miles) and boasting 148 km (91 miles) of coastal line. It is not to be confused with the Dominican Republic, also in the Caribbean.

Also known as the “Nature Island of the Caribbean”, its forest landscape is still being formed by geothermal-volcanic activity and boasts the second-largest hot spring in the world, Boiling Lake. The island boasts nine volcanic peaks.  Morne Diablotins is the highest mountain on the island and the second highest in the Lesser Antilles. One can even view the neighboring islands of Guadeloupe and Martinique from its top.

The country’s climate agenda also makes good use of these natural resources. As part of its aims to become the first climate-resilient country in the world by 2030, as announced by President Roosevelt Skerrit following the devastation ravaged on the island nation by Hurricane Maria in 2017, the nation is actively investing in sustainable development projects. In March 2019, the World Bank approved a US$27 million project to support the construction of a 7MW small geothermal power plant in the Rosseau Valley, which aims to increase the share of renewables, diversify the country’s energy matrix, and identify a clear road map for private sector investment in geothermal development. Development projects outside of the development and enhancement of renewable energy capabilities include sustainable housing, healthcare and educational facilities. The country already obtains 28% of its energy requirements from renewable energy sources such as hydropower and wind.

Cities and spoken languages

English is the official language of Dominica, with French and Spanish spoken in some parts. The capital city is Roseau, which is the most popular place for nomads and expats to settle in Dominica, while others choose to live in Portsmouth, Dominicas’ second-largest city.

Visa and work options

Dominica welcomes digital nomads from across the world. More recently, the government has launched its “Work in Nature” (WIN) campaign. This programme offers digital nomads an extended stay visa for individuals and families to work remotely in Dominica for up to 18 months.

Many affluent investors enjoy life on Dominica so much, that they opt to invest in the country’s Citizenship by Investment (CIB) programme, through which investors gain citizenship, freedom of movement and of doing business in and from the island nation. Citizenship is for life, with the right to hold dual citizenship, so investors don’t need to give up their current citizenship at all. Once citizenship is obtained, it can also be passed to future generations.

Launched in 1993, Dominica’s CBI programme has been ranked as the number one CBI initiative for five consecutive years by the CBI Index. This is a ranking system published by the Financial Times’s Professional Wealth Management (PWM) magazine. The Financial Times’ PWM publication particularly highlighted the programme’s stringent due diligence, efficient times and affordability. After applicants pass the due diligence checks, citizenship hopefuls then choose to either invest in real estate or contribute to a government fund. The latter is known as the Economic Diversification Fund (EDF), and it sponsors public and private sectors in Dominica that need financial support or have economic potential, such as the Geothermal Risk Mitigation Project.

Is this for me?

The Dominica CBI Programme is a good value for money for both individual applicants and families looking to apply for second citizenship. It is particularly a good fit for single professionals who want to broaden their horizons, families that would eventually like to add dependants such as grandparents or siblings, individuals looking to study abroad and digital nomads who want greater global mobility.

Dominica requires no wealth tax, gift tax, inheritance tax, capital gains tax, foreign income tax or personal income tax. There are also corporate tax incentives, import duty exemptions, tax relief and export allowances.

The programme has no residency requirements for applicants, so there is no need to be present on the island for any duration of time.

As the processing time for a CBI application takes about three months from submission of the application to approval in principle, this is something you’ll be able to bag before next Christmas. 

PR Dominica
Commonwealth of Dominica
001 (767) 266 3919
mildred.thabane@csglobalpartners.com

GlobeNewswire Distribution ID 8720614

Posted on

St Kitts and Nevis introduces raft of changes to its Citizenship by Investment Programme, benefits both locals and an intelligent investor

London, Dec. 27, 2022 (GLOBE NEWSWIRE) — The much-anticipated changes to St Kitts and Nevis’ Citizenship by Investment Programme have been announced today by the country’s recently appointed Citizenship by Investment Unit Head, Michael Martin. Setting a bold and new tone for the industry as a whole, St Kitts and Nevis is once again leading the way for the investment immigration industry – adding a new layer of integrity to truly accelerate the country’s economic diversification, empower and prosper local citizens while creating an enriching base for intelligent investors.

“Today, our progressive government brings to fruition these much-awaited and very important changes to our much-loved Citizenship by Investment Programme. Today marks a new era for the investment immigration industry as we boldly declare that a clear strategy will drive our Citizenship by Investment Programme with the sole purpose of benefiting our people and investors who want to see our nation flourish.”

“Today these changes show the international community that we place honesty and integrity above all else as we look to deliver a product that will bring us a positive reputation and send a clear message that we are open for business,” said Michael Martin.

Watch the full video announcement here.

The changes have been gazetted on 23 December 2022 and will take effect on 1 January 2023.

Since his election in August, the Prime Minister of St Kitts and Nevis, Dr Terrance Drew, has hinted at upcoming changes to the country’s Citizenship by Investment programme – reiterating multiple times that the revamped programme needs to be mutually beneficial to both Kittians and Nevisians and international investors.

The Prime Minister said at a recent event “While we navigate the complexities of managing a small island developing state in this unpredictable and highly globalized world, we have made it a priority to craft a solution to ensure that the evolution of our citizenship programme will be a sustainable model filled with integrity, transparency and accountability.”

The Programme will be underpinned by three fundamental principles that have guided the administration’s decision making with respect to the evolved version of the twin-island’s Citizenship by Investment Programme – sustainability, good governance and pragmatism.

“We have crafted a sustainable model that will continue to be the envy of the international community by injecting high levels of integrity that will come through administrative improvements. We have also structured our programme to allow for greater transparency and accountability, which make the hallmarks of a good governance framework that solidifies the foundation of any successful endeavour. Lastly, we have tailored our investment options to align with market realities while preserving the platinum brand our proud nation has developed and nurtured for four decades, operating the oldest Citizenship by Investment Programme in the world,” added the Prime Minister.

To achieve this, the most notable change to the programme will be the introduction of a Board of Governors and a Technical Committee.

Effective next year, a professional Citizenship by Investment Board of Governors will be responsible for high level supervisory matters such as providing general oversight of the operations the CBI Unit, developing and implementing policies and procedures for the CBI Unit, ensuring that application processing is completed as swiftly as possible within the time frames advertised without comprising the integrity of the programme and, continuously monitoring the global investor immigration industry to ensure that the country’s Citizenship by Investment regulations align with and adjust to, international market forces.

To further the Programme’s good governance agenda, a Citizenship by Investment Technical Committee will be charged with ensuring that all due diligence background checks are comprehensive and that all citizenship by investment applications are reviewed thoroughly. This committee will also be tasked with making recommendations to the Prime Minister in his capacity as Minister of National Security, Immigration and Citizenship.

The Technical Committee will be comprised of a chairperson, this role will be filled by the recently appointed Head of the CBI Unit, Michael Martin; a senior officer and a secretary – who will be a civil servant assigned by the Prime Minister.

 

Applicants can gain second citizenship in 60 days, but only for a limited time

St Kitts and Nevis is offering applicants a chance to gain second citizenship in as little as 60 days through its Sustainable Growth Fund – the revenue from the fund is aimed to facilitate economic development and social upliftment in the country. The Sustainable Growth Fund will be used to provide financial support to educational institutions, medical facilities, as well as provide additional funding for the construction of infrastructure, the development of local tourism, the preservation of local culture and heritage and support of sustainable growth initiatives in the twin-island nation.

The Sustainable Growth Fund remains the quickest and easiest route to second citizenship in St Kitts and Nevis and from 1 January to 30 June 2023, for a Limited Time Offer, a main applicant, following stringent background checks, can make a minimum investment of US$125,000 to the Fund and receive approval in principle within 60 days of submission of application.

Under the Limited Time Offer, investment options are as follows:

  • Single applicant – US$ 125,000
  • Main applicant and a spouse – US$150,000
  • Main applicant, spouse and two dependants – US$170,000
  • Each additional dependant under 18 – US$10,000
  • Each additional dependant over 18 – US$25,000

From 1 July 2023 onwards, applicants investing through the Sustainable Growth Fund will be charged as follows and can expect approval in principle within 90 days of submission of application.

  • Main applicant – US$150,000
  • Main applicant and a spouse – US$175,000
  • Main applicant, spouse and two dependants – US$195,000
  • Each additional dependant under 18 – US$10,000
  • Each additional dependant over 18 – US$25,000

These changes are part of the government’s tireless efforts to create conditions necessary for sustainable economic growth and diverse business opportunities.

“This is an exciting time because these policies will continue our progressive course in the global investor immigration industry and cement St Kitts and Nevis’ place as a leader in the Citizenship by Investment space. As we move toward a brand-new diversified economy, we remain committed to investing in tangible projects to uplift the country to achieve our goal of establishing a sustainable island state,” continued the Prime Minister.

It is important to note that these additional layers are not meant to hinder the application process but rather ensure multiple aspects including keeping processing to agreed timelines, all approved applicants are of the highest repute and most importantly, that projects meet the requirement of benefitting the local economy.

Another change is that the sustainable model of the Citizenship by Investment programme will now involve the implementation of an improved multi-faceted approved real estate application process, the removal of loopholes and the strict enforcement of escrow and project milestone requirements.

The evolved St Kitts and Nevis Citizenship by Investment Programme will invite bold and creative investors to facilitate the development of innovative industries in St Kitts and Nevis including construction of real estate developments pursuant to the new administration’s priority infrastructure list. “All projects must bring substantial benefit to the people of St Kitts and Nevis,” noted the Prime Minister.

The government will approve real estate projects to be developed and of these, a designated number of real estate units will be available to be sold to qualifying investors. Real estate projects will be constructed and completed according to a pre-defined schedule and a designated escrow drawdown process will also be implemented.

Only approved real estate developments will be eligible for the Citizenship by Investment option and most importantly, current “Approved Projects” will lose this designation once the new Citizenship by Investment regulations have been gazetted and approved, meaning stakeholders of these projects will need to apply afresh to become an “Approved Development”.

Minimum investment for approved real estate will remain at US$200,000 but there will be an introduction of penalties for the circumvention of minimum investment sums including:

  • Fines of up to US$200,000 on summary conviction
  • Revocation/suspension of Approved Development status
  • Removal of Authorised Agent licence
  • Blacklisting on the Citizenship by Investment website as a person or entity not authorised to submit a Citizenship b Investment application

A new Public Good Investment Option (PGIO) will replace the Alternative Investment Option (AIO) and will focus on effecting real transformation for the country by investing into areas that will benefit the citizens of St Kitts and Nevis – these projects must maximise local employment, transfer technological skills and increase capacity building. Investors of the PGIO must assume all financial risks associated with the projects and, if the investment results in the development of real estate on State land, investors must agree to transfer all real estate to the State on substantial completion. Investors looking to contribute to the PGIO will be required to apply to the Board of Governors to be designated as a Public Good Investor. To qualify under the PGIO, an applicant must contribute US$175,000, excluding relevant due diligence, processing and Government fees.

Investors can also apply for citizenship through the purchase of a qualified private home, for a minimum investment of US$400 000.00 for each main applicant. Unlike the preapproved real estate option, investing through a private home means a single-family home is sold as one unit and cannot be converted into apartments, condominiums or divided otherwise. The use of shares is also prohibited.

A private home that has been purchased through the Citizenship by Investment Programme cannot be sold for a period of five years after the granting of the citizenship and the property may never be eligible for use in a subsequent Citizenship by Investment application.

Having established the citizenship by investment industry 40 years ago, the progressive government of St Kitts and Nevis believes that these changes to its programme will once again set a much-needed positive tone and direction in the investor immigration industry.

St Kitts and Nevis has created a name for itself as a financial nexus with an attractive citizenship programme underpinned by a sound legal framework and robust multi-layered due diligence.

For nearly 40 years, St Kitts and Nevis has been the pioneer of the global investor immigration industry.

Watch the full video announcement here.

PR St Kitts and Nevis
Government of St. Kitts and Nevis
mildred.thabane@csglobalpartners.com

GlobeNewswire Distribution ID 8720436

Posted on

The Caribbean is leading the way in immigration investment due diligence: CS Global Partners

London, Dec. 23, 2022 (GLOBE NEWSWIRE) — The global market for immigration investment is expected to grow exponentially, with big growth spurts already witnessed during the international travel restrictions imposed by countries across the world as a result of the Covid-19 pandemic. As immigration and border control become increasingly important to countries and nations across the world, the role of immigration and investment due diligence grows.

As the longest-standing and most credible citizenship by investment programmes are found in the Caribbean, we take a look at what these nations can teach us about this growing industry.

What is immigration and investment due diligence?

In a nutshell, due diligence usually refers to the research that is done on a person or entity before engaging in a financial transaction. When it comes to immigration and investing, it means that certain background and other checks are performed on the applicants that are hoping to immigrate or invest in in a particular country or region.

Each territory that an applicant seeks to invest in will have its own requirements. This also applies to citizenship by investment (CBI) programmes, the first of which was launched globally in 1984 by the twin-island nation of St Kitts and Nevis in the Caribbean.

Why is investment immigration due diligence important?

Different countries award citizenship in different ways. Some countries award citizenship by virtue of birth in that country, descent from a parent who is a citizen, or by naturalisation, for example through marriage to a citizen or through an extended period of residence in that country. Citizenship by investment programmes allow successful applicants to obtain citizenship by virtue of a significant investment in a country.

Many families and entrepreneurs turn to citizenship by investment programmes as an alternative form of asset diversification. Global uncertainty is driving the desire among wealthy individuals to incorporate second citizenship as part of their portfolios. However, countries offering CBI programmes still require that applicants be strictly vetted before being granted citizenship. This is to maintain certain standards of the CBI programme and to ensure that applicants comply with certain national and international standards to support safety and security, as criminal background checks are also included in the vetting process.

For more on the requirements for Caribbean CBI programmes, see here.

How is the Caribbean leading the way?

As the acceptance of funds from CBI programmes provide a high level of risk for most banks operating in the Caribbean, as there is usually only one US bank providing corresponding banking services in each of the CBI countries, banks in the Caribbean tend to exercise extreme caution when vetting new customers. Local Caribbean banks therefore exercise their own vetting processes on each CBI applicant before allowing funds from the applicant to enter the local banking sector. As this forms such an important part of the success of each application, this vetting process is usually done before the applicant’s application is submitted to the recipient government’s CBI unit for processing. This dual process of vetting by the bank as well as vetting by the government agency in charge of CBI adds a necessary and additional level of security to CBI programmes in the Caribbean.

For example, the Dominica CBI due diligence process covers four steps: know-your-customer checks performed by local authorized agents; internal checks including anti-money laundering and counter-terrorism financing vetting by the Citizenship by Investment Unit; mandated international due diligence firms perform online and on-the-ground checks; and regional and international crime prevention bodies check that you are not on any wanted or sanctions lists.

Caribbean governments have also been hard at work to continue making improvements to their CBI programmes and to ensure the quality of their programmes and of the applicants accepted through its programmes. St Kitts and Nevis has recently welcomed a new government administration into power and which has already announced changes to strengthen their CBI programme. In a recent move, a new head of its CBI unit has been appointed.

Caribbean countries have very open and strong relationships with international parties and are always on the lookout at what international law enforcement is saying. For example, security concerns coming out of international law enforcement always trump due diligence service providers. If a due diligence agent gives an applicant a clear review but that same applicant gets a red flag from international law enforcement groups, the country will deny granting citizenship by investment to that applicant.

Another reason why applicants can be refused second citizenship is if an applicant has been refused a visa from a country that the Caribbean countries have visa-free access to.

“When looking at countries which are top-rated, such as those in the Caribbean, we see that they are doing more in upscaling their programmes so that they are not just meeting minimum standards. Their CBI Units are always trying to achieve best practices by asking their due diligence agents on a regular basis how they can improve their risk-based approach, and how they can evaluate applicants better and they are actively involved in the due diligence process from beginning to end,” said Karen Kelly, director of strategy and development at Exiger at a due diligence webinar hosted by Financial Times’ publication, Professional Wealth Management (PWM) this year. “We find that countries who are already engaging top due diligence intelligence companies have consistent standards across their CBI programmes.”

For more information on Caribbean CBI programmes, their offerings and benefits, visit www.csglobalpartners.com. 

PR CS Global Partners
CS Global Partners
+44 (0) 207 318 4343
mildred.thabane@csglobalpartners.com

GlobeNewswire Distribution ID 8719525

Posted on

Synchronoss tem mais de 30 milhões de assinantes de mensagens com base em RCS no Japão

Que utilizam a Plataforma de Mensagens Avançadas Synchronoss, NTT DOCOMO, KDDI e Serviço de Mensagens Avançadas Entre Operadoras SoftBank que viabilizam que os usuários e marcas se comuniquem, interajam e negociem

BRIDGEWATER, N.J., Dec. 22, 2022 (GLOBE NEWSWIRE) — A Synchronoss Technologies, Inc. (“Synchronoss” ou a “Empresa”) (NASDAQ: SNCR), líder global e inovadora em nuvem, mensagens e produtos e plataformas digitais, anunciou hoje o lançamento de um novo marco no Japão para sua plataforma Synchronoss Advanced Messaging. Em colaboração com as operadoras móveis NTT DOCOMO, KDDI e SoftBank, o consórcio japonês agora tem mais de 32,5 milhões de assinantes do +Messaging, o serviço RCS entre operadoras alimentado pelo Synchronoss Advanced Messaging.

O marco atual representa um aumento de 62% de assinantes desde que a Synchronoss passou a observar o progresso da implantação do Consórcio Japonês do seu Rich Communications Service (RCS) em novembro de 2020.

Oferecendo um sistema de mensagens de texto com amplos recursos, o +Messaging permite que os usuários japoneses se comuniquem com amigos e familiares, além de fornecer a capacidade de interagir e se envolver com marcas e empresas com segurança.

O serviço +Messaging do consórcio tem por base o Synchronoss Advanced Messaging, uma completa plataforma e suíte de comércio móvel que permite que as operadoras ofereçam um ecossistema de mensagens avançado. O Synchronoss Advanced Messaging conecta marcas e provedores de conteúdo com assinantes, oferecendo novas maneiras de se comunicar e realizar transações comerciais.

“A sua adoção por mais de 30 milhões de assinantes do +Messaging no Japão confirma ainda mais o valor do RCS e como as operadoras móveis podem utilizá-lo para oferecer novos serviços geradores de receita”, disse Yosuke Morioka, Gerente Geral da Synchronoss no Japão. “Estamos prontos para trabalhar com a NTT DOCOMO, a KDDI e a SoftBank para explorar oportunidades de mercado adicionais para esta plataforma de tecnologia plena de recursos.”

Devemos destacar que o +Messaging está atualmente disponível para todas as marcas de telefones celulares das três operadoras e MVNO. Além disso, o serviço agora dá suporte à identificação pessoal pública (JPKI) com cartões My Number, permitindo que os usuários abram uma conta bancária ou usem um cartão de crédito com verificação fácil e segura da identidade via +Messaging, proporcionando experiências mais envolventes dentro do ecossistema móvel.

Sobre a Synchronoss

A Synchronoss Technologies(NASDAQ: SNCR) cria software que capacita empresas ao redor do mundo a se conectarem com seus assinantes de forma confiável e significativa. O conjunto de produtos da empresa ajuda a agilizar as redes, simplificar a integração e envolver os assinantes, permitindo novos fluxos de receita, redução dos custos e aumento da velocidade no mercado. Centenas de milhões de assinantes confiam nos produtos da Synchronoss que se mantêm em sincronia com as pessoas, serviços e conteúdo que elas gostam. Saiba mais em www.synchronoss.com.

Contato de Relações com a Mídia:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Contato de Relações com Investidores:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

GlobeNewswire Distribution ID 8719420

Posted on

Synchronoss annonce plus de 30 millions d’abonnés à des services de messagerie basés sur RCS au Japon

En s’appuyant sur la plateforme Synchronoss Advanced Messaging, NTT DOCOMO, KDDI et SoftBank fournissent un service de messagerie avancée inter-opérateurs permettant aux utilisateurs et aux marques de communiquer, d’interagir et de réaliser des transactions

BRIDGEWATER, New Jersey, 22 déc. 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (« Synchronoss » ou la « Société ») (NASDAQ : SNCR), un leader mondial et innovateur en matière de produits et plateformes numériques, de messagerie et de cloud, a annoncé aujourd’hui un nouveau jalon au Japon pour sa plateforme Synchronoss Advanced Messaging. En collaboration avec les opérateurs mobiles NTT DOCOMO, KDDI et SoftBank, le consortium japonais prend désormais en charge 32,5 millions d’abonnés à +Message, le service RCS inter-opérateurs s’appuyant sur Synchronoss Advanced Messaging.

Le jalon actuel représente une augmentation de 62 % du nombre d’abonnés depuis que Synchronoss a remarqué la progression du déploiement par le consortium japonais de sa technologie Rich Communications Service (RCS) en novembre 2020.

Offrant un système de messagerie texte riche en fonctionnalités, +Messaging permet aux utilisateurs japonais de communiquer avec leurs amis et leur famille, en plus de la possibilité d’interagir et de s’engager avec des marques et des entreprises en toute sécurité.

Le service +Messaging du consortium s’appuie sur Synchronoss Advanced Messaging, une plateforme et suite de commerce mobile de bout en bout qui permet aux opérateurs de proposer un écosystème de messagerie avancée. Synchronoss Advanced Messaging connecte les marques et les fournisseurs de contenu avec les abonnés, offrant de nouvelles façons de communiquer et de réaliser des transactions commerciales.

« L’adoption de plus de 30 millions d’abonnés à +Messaging au Japon valide davantage la valeur de la technologie RCS et la manière dont les opérateurs mobiles peuvent l’utiliser pour proposer de nouveaux services générateurs de revenus », a déclaré Yosuke Morioka, directeur général de Synchronoss au Japon. « Nous sommes impatients de travailler avec NTT DOCOMO, KDDI et SoftBank afin d’explorer des opportunités commerciales supplémentaires pour cette plateforme technologique riche en fonctionnalités. »

Point important, +Message est actuellement disponible pour toutes les marques de téléphones portables des trois opérateurs et du MVNO. De plus, le service prend désormais en charge l’authentification personnelle publique (JPKI) avec des cartes My Number, permettant aux utilisateurs d’ouvrir un compte bancaire ou d’utiliser une carte de crédit avec une vérification de l’identité facile et sécurisée via +Message, offrant des expériences plus engageantes au sein de l’écosystème mobile.

À propos de Synchronoss

Synchronoss Technologies (NASDAQ : SNCR) est un développeur de logiciels permettant aux entreprises du monde entier de se connecter à leurs abonnés de manière fiable et pertinente. Sa gamme de produits contribue à rationaliser les réseaux, simplifier l’intégration et interagir avec les abonnés afin de créer de nouvelles sources de revenus, de réduire les coûts et d’accélérer la mise sur le marché. Plusieurs centaines de millions d’abonnés font confiance à Synchronoss pour rester en phase avec les individus, les services et les contenus qu’ils aiment. Pour en savoir plus, rendez-vous sur www.synchronoss.com.

Contact pour les relations avec les médias :
Domenick Cilea
Springboard
dcilea@springboardpr.com

Contact pour les relations avec les investisseurs :
Matt Glover/Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

GlobeNewswire Distribution ID 8719420

Posted on

Quantexa Positioned by Global Risk Analyst Firm Chartis as a Category Leader in 2023 RiskTech 100 Report for Trade-Based Money Laundering Solutions

Chartis also gave top ranking to Quantexa’s Entity Resolution solution – addressing key data management challenges that are costing financial institutions millions

LONDON, Dec. 22, 2022 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that their Decision Intelligence Platform has been recognized as a category leader in the Chartis RiskTech100 report for Trade-Based Anti-Money Laundering Solutions (TBAML). Quantexa’s Decision Intelligence Platform has also been recognized by Chartis as a category leader in the recently released Chartis Financial Crime Risk Management Systems, Entity Management and Analytics Quadrant report.

RiskTech 100: Trade-Based Anti-Money Laundering Solutions
The 2023 RiskTech100 report ranks the world’s major players in risk and compliance technology. In the Trade-based money laundering (TBML) category Quantexa was named as a category leader for data support of their enterprise solution. The Quantexa Trade AML Solution was also ranked for depth of typology coverage, breadth of analytical techniques and workflow.

Today’s Anti-money laundering efforts face many growing and unresolved challenges. In a digital and globalized world, criminals are using a wide range of strategies to be successful – making context a critical factor in the ability to accurately detect trade-based money laundering. By unifying internal and external data sources and scaling to understand billions of transactions, Quantexa’s Decision Intelligence Platform helps organizations create a holistic view of transactional, customer, and counterparty information. Quantexa’s approach to TBAML provides more accurate and efficient detection so organizations can reduce risk, assure compliance, and protect their reputation. Increased alert quality and automation, combined with reducing the volume of false positives helps organizations gain efficiencies and do more with the resources they already have.

Financial Crime Risk Management Systems: Entity Resolution
Quantexa’s dynamic Entity Resolution Solution capability that is a critical part of its industry leading Decision Intelligence Platform was recognized for coverage, scalability, data enrichment, depth and breadth of data sources supported.

Quantexa’s Entity Resolution Solution is an advanced data matching capability that connects disparate and ambiguous internal and external data at scale. Entity Resolution creates focused and complete views of people, organizations, places, and other data delivering game changing data quality and match rate accuracy. Quantexa also supports ‘dynamic entity resolution’, which gives unique flexibility across multiple use cases and informs granular and extensive security protocols.

Decision Intelligence Platform
Quantexa’s Decision Intelligence Platform gives enterprises the ability to unify their data by connecting siloed sources and systems, providing the context needed to visualize the complex relationships that enable previously hidden risk to be discovered. Quantexa’s unique entity resolution technology can connect the most disparate and ambiguous internal and external data at scale to create single, complete views of people, organizations, places, and other data with 99% accuracy, handling poor quality data with exceptional performance. The result is a single view of data that becomes their most trusted and reusable resource across the organization.

Chartis Chief Researcher Sidhartha Dash said:

“Quantexa’s increasingly mature solutions and their strong implementations in large financial institutions leveraging network-based concepts, drove their rise in the RiskTech 100 as well as their leadership in TBAML and Entity Management quadrants.”

Quantexa Chief Product Officer Dan Higgins added:

“Quantexa is delighted to be included in the RiskTech 100 report, positioned very strongly amongst an esteemed list of enterprise solution providers. At Quantexa, we are keenly aware that criminals are hiding in plain sight and that traditional monitoring systems and manual controls just can’t handle today’s complexity, scale of activity and the underlying regulatory shifts, in particular the focus on counterparty risk, as well as customers. The usage of contextual monitoring to detect and manage the holistic financial crime and fraud risks within International Trade, including the identification of prerequisites such as underlying collusion, the presence of shell companies and professional money laundering gatekeeps and enablers has been a defining factor in Quantexa’s success in this space.”

ABOUT QUANTEXA

Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 500 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Washington DC, Brussels, Toronto, Singapore, Melbourne, and Sydney. For more information, contact Quantexa here or follow us on LinkedIn.

ABOUT CHARTIS

Chartis is a research and advisory firm that provides technology and business advice to the global risk management industry. Chartis provides independent market intelligence regarding market dynamics, regulatory trends, technology trends, best practices, competitive landscapes, market sizes, expenditure priorities, and mergers and acquisitions. Chartis’ RiskTech Quadrant reports are written by experienced analysts with hands-on experience of selecting, developing, and implementing risk management systems for a variety of international companies in a range of industries, including banking, insurance, capital markets, energy, and the public sector.

Media Inquiries:

C: Laurel Case, VP, Fight or Flight

T: +1 315 663 6780

E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

GlobeNewswire Distribution ID 1000773686

Posted on

Synchronoss Announces More Than 30 Million RCS-Based Messaging Subscribers in Japan

Leveraging the Synchronoss Advanced Messaging Platform, NTT DOCOMO, KDDI, and SoftBank Deliver Cross-Operator Advanced Messaging Service Enabling Users and Brands to Communicate, Interact, and Transact

BRIDGEWATER, N.J., Dec. 21, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (NASDAQ: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today announced a new milestone in Japan for its Synchronoss Advanced Messaging platform. In collaboration with mobile operators NTT DOCOMO, KDDI, and SoftBank, the Japanese consortium now supports 32.5 million subscribers of +Message, the cross-operator RCS service powered by Synchronoss Advanced Messaging.

The current milestone represents a 62 percent increase in subscribers since Synchronoss noted the progress of the Japanese consortium’s deployment of its Rich Communications Service (RCS) in November 2020.

Offering a feature-rich text messaging system, +Messaging allows Japanese users to communicate with friends and family, in addition to providing the capability to interact and engage with brands and businesses safely and securely.

The consortium’s +Messaging service is powered by Synchronoss Advanced Messaging, an end-to-end platform and mobile commerce suite that allows operators to deliver an advanced messaging ecosystem. Synchronoss Advanced Messaging connects brands and content providers with subscribers, offering new ways to communicate and transact commerce.

“The adoption of more than 30 million +Messaging subscribers in Japan further validates the value of RCS and how mobile operators can utilize it to offer new revenue-generating services,” said Yosuke Morioka, General Manager, Japan, at Synchronoss. “We look forward to working with NTT DOCOMO, KDDI, and SoftBank to explore additional market opportunities for this feature-rich technology platform.”

It is signification that +Message currently is available for all the mobile phone brands of the three operators and MVNO. In addition, it now supports public personal identification (JPKI) with My Number cards, allowing the users to open a bank account or use a credit card with easy and secure verification of the identity via +Message, delivering more engaging experiences within the mobile ecosystem.

About Synchronoss

Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

GlobeNewswire Distribution ID 8718814