London, 31 May 2018
Cygnetise announces the launch of its Authorised Signatory List management solution onto the Temenos MarketPlace, the global platform for facilitating the exchange of value between fintech providers and financial institutions.
Cygnetise provides a blockchain based platform to help financial institutions create, maintain and distribute their Authorised Signatory Lists.
The digital platform enables users to alleviate the burden of managing all types of signatory lists (banking mandates, authorised trader lists, fund creation files), improving processes and enhancing the security and control of their data.
Cygnetise, a company established in 2016 in London, is the UK’s first enterprise blockchain application. Used by financial institutions of all sizes it brings significant operational efficiencies to corporate secretariat, treasury and operations teams in UK, Ireland, Luxembourg, Jersey, Guernsey, Cayman Islands, Hong Kong and Germany.
Stephen Pomfret, founder and CEO, said, “We are in a position to 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.”
Ben Robinson, Chief Strategy Officer at Temenos, added, “Our objective with the Temenos MarketPlace is not just to bring innovative solutions, but those that can bring real business value by addressing specific client needs. Cygnetise is a great example of this: it takes advantage of blockchain technology to massively streamline the management of authorized signatory lists which today is a real headache for banks, absorbing significant time and resources.”
Temenos AG (SIX: TEMN), headquartered in Geneva, is a market leading software provider, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace.
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: firstname.lastname@example.org, tel: +44 (0) 203 598 3809
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