London, 31 May 2018
Cygnetise, the UK’s first enterprise blockchain application for managing Authorised Signatory Lists, has become a member of Luxembourg House of Financial Technology (LHoFT).
LHoFT and its partners aim to drive financial technology innovation within Luxembourg’s financial services community. By joining, Cygnetise can contribute to the future competitiveness of the industry within a leading Fintech centre in Europe, while benefiting from deeper ties to the financial community.
Steve Pomfret, CEO of Cygnetise, said: "We’re delighted to be invited into LHoFT, an organisation at the centre of thriving fintech innovation in Luxembourg. This is a significant milestone for our international expansion as we experience strong appetite for blockchain solutions locally.
Alex Panican, Head of Partnerships of LHoFT said, "We are very happy that Cygnetise has joined the growing fintech community in Luxembourg. Their solution is in line with the blockchain projects we support at the LHoFT and it will add value to the financial industry to better understand the technology and its benefits."
Cygnetise offer one of the first blockchain applications that is useful to all financial institutions and their clients. With its ease of adoption, it creates immediate cost savings, risk reduction and positively impacts the customer journey. Additionally, it doesn’t replace any legacy technology but simply automates the existing manual process.
LHoFT and its partners aim to drive financial technology innovation within Luxembourg’s financial services community to ensure the future competitiveness of the industry, foster a comprehensive and collaborative globally connected Fintech ecosystem, and position Luxembourg as a leading Fintech centre within Europe with global recognition for cutting edge innovation developments that progress financial services forward.
Cygnetise makes the process of managing and sharing Authorised Signatory Lists efficient and easy. Thanks to our real time, user-friendly blockchain application, we help a wide range of organisations to save time and reduce costs while increasing control and security of their data.
Cygnetise Press Contact: email: email@example.com, tel: +44 (0) 203 598 3809
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