Dubai International Financial Centre, Mashreq Bank and norbloc to launch the region’s first production Blockchain Know Your Customer (KYC) data sharing consortium

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Dubai, UAE, 31 July, 2019: Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, together with Mashreq, a leading financial institution in the UAE, through its Corporate and Investment Banking Group, and norbloc, the leading Know Your Customer (KYC) and client onboarding fintech regionally headquartered in DIFC, announced today their strategic alliance to launch the region’s first production-ready blockchain KYC data sharing consortium in Q1 2020 to support businesses and Corporates in Dubai.

In line with the UAE Blockchain Strategy 2021, the alliance entered into a MoU in January 2019 with the strategic intent to create a first-to-market platform serving banking sector clients in the UAE. This market-leading initiative will facilitate faster, more secure onboarding and exchange of supporting documentation via advanced distributed technologies, including blockchain. The Program also outlines the creation of a Consortium Agreement to govern the mutualization of KYC efforts among future participating banks, government bodies, financial institutions as well as other licensing authorities to subscribe to the platform.

The alliance under a Tripartite Agreement has determined the optimal business framework and technical architecture to support the requirements of registered companies, financial institutions and regulators alike following a thorough and joint ‘Proof of Concept’, with the intended results further validating the positive impact of such an ecosystem. As a result, norbloc’s enterprise-grade, blockchain-powered ecosystem will be the first in the region to enable secure, customer-controlled KYC data sharing, initially between DIFC and Mashreq Bank.

By Q1 2020, companies will be able to digitally create a single KYC record (which will be authenticated with electronic ID) to simultaneously share data with their various financial institutions. This will accelerate the time required to acquire a bank account number for newly registered companies and reduce the burdensome and costly requirements of managing KYC data for already registered companies. This is in stark contrast to the status quo, whereby multiple paper-based KYC files are redundantly originated and managed in silos.

While DIFC and Mashreq Bank will serve as inaugural members, the consortium will be open to all qualified financial institutions and licensing authorities. The future vision is for the consortium-run ecosystem to serve the greater good by improving the ease of doing business as well as uplifting customer due diligence standards in the UAE.

Particularly considering recent UAE Banks Federation (UBF) reports which have advocated for the exploration of blockchain to enhance KYC processes, there has already been strong interest in consortium membership and future members will be announced in the coming months.

Through the UAE Blockchain KYC Platform, DIFC and Mashreq Bank have further demonstrated their commitment and leadership to adopting innovative technology and engaging pioneering fintechs, such as norbloc, with the objectives of better serving their customers and satisfying their regulatory obligations.

H.E. Abdul Aziz Al Ghurair, CEO of Mashreq Bank, said: “At Mashreq, we recognize that our corporate clients have a unique and diverse range of requirements. Therefore, a significant priority for us is to constantly tailor innovative and state-of-the-art solutions that match their specific demands. In this case, investing in blockchain technology will greatly improve the customer onboarding and compliance experience, making the entire process unified as well as hassle-free. Emerging technologies such as blockchain also represents significant opportunities for banks in the UAE and wider region to create new revenue streams, which will in turn drive sustained business growth over the long-term. We are excited to initiate this blockchain KYC consortium as a testament to Mashreq’s position as the most progressive bank in the region.”

Arif Amiri, Chief Executive Officer of DIFC Authority, said: “By ensuring the consistent evolution of our world-class business environment and offering, the DIFC continues to reinforce its position as one of the most advanced financial centres in the world. This initiative provides a unique opportunity to harness innovative technology to deliver a seamless experience for both newly established and existing companies at the Centre. As we enter a new period of growth and expansion, DIFC is committed to shaping the future of finance in the MEASA region, and across the globe. It’s great to strengthen our relationship with our long-standing partners at Mashreq, while seeing norbloc, a FinTech firm that the DIFC has helped to accelerate in the region, become a true success story.”

Ahmed Abdelaal, Executive Vice President - Head of Corporate and Investment Group, Mashreq Bank: “As a leading digital bank in the UAE, Mashreq continues to identify commercial benefits for emerging technologies, specifically those that create efficiencies within our operations and enhance the banking experience for our customers. The KYC blockchain initiative exemplifies this strategy by leveraging technology that is secure, easy to integrate and automates the onboarding process for our corporate clients. A first for the region, the platform ensures the protection of customer data while offering them the convenience and flexibility of smart banking. With a launch planned for the first quarter of next year, we aim to successfully roll out this initiative to our business clients and explore the expansion of this initiative to additional segments, further building on our commitment to being the region’s most innovative bank.”

Astyanax Kanakakis, CEO of norbloc, said: “This announcement is truly a watershed moment. Our growing consortium will cultivate an ecosystem in the UAE that will set the global standard for how KYC data should be shared. It also serves as a testament to the vision of DIFC and Mashreq Bank in fostering innovation and partnership with fintech companies. Participation of such top-tier financial institutions and licensing authorities proves that all future stakeholders are able to benefit from FIDES, our blockchain KYC data sharing platform, at scale. The realization of this consortium is another real-world example of the fulfilment of norbloc’s mission: to provide customers full and streamlined control of their data, reduce costs for financial institutions and foster enhanced regulatory compliance.”

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About Mashreq

One of the UAE’s best performing banks for five decades, Mashreq is a leading financial institution with an expanding footprint across the Middle East. We have international offices across Europe, Asia, Africa and the US, and a strong presence in all the financial capitals of the world.


As the oldest bank in the UAE, our 51-year old journey can be traced back to humble beginnings in 1967, followed by periods of rapid growth and strategic expansion. Throughout our history, Mashreq has differentiated itself by pioneering new-to-market concepts and launching unique products and services. 


Our innovative approach sets us truly apart. It also continues to win us numerous awards and accolades in all the fields of banking we operate in – Digital, Corporate, Retail, International, Treasury and Islamic, and across the multiple banking channels we deploy – mobile, digital, online, traditional and telephony. 


Mashreq is proud to be the only institution in the UAE to be awarded the Gallup Great Workplace Award for six consecutive years from 2014 to 2019.


For media enquiries, please contact:


Rana AlBorno                                                  

Public Relations, Mashreq                                            

Tel: 04 –6083629                                             



About Dubai International Financial Centre

Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and a nominal GDP of USD 7.7 trillion.

With a 15-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.

DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of more than 24,000 professionals working across over 2,100 active registered companies – making up the largest and most diverse pool of industry talent in the region.

The Centre’s vision is to drive the future of finance. Today, it offers one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.

Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations.

For further information, please visit our website:, or follow us on Twitter @DIFC.


For media enquiries, please contact:


Manal Shaikh

Dubai International Financial Centre Authority

Senior Manager, Communications

Tel: +971 4 362 2453




About norbloc:

Founded in 2016 and based in Stockholm, Sweden, norbloc builds secure platforms for digital Know Your Customer (KYC) onboarding and compliant KYC data sharing. Its flagship product, FIDES, utilizes advanced distributed technologies (such as blockchain) to allow Customers, Organizations and Regulators to securely share verified data and effectively collaborate on a comprehensive and compliant Single Version of Truth.

The team behind norbloc holds significant experience in blockchain technology development, financial services and consulting from companies such as UBS, Lehman Brothers, ING and McKinsey & Co. The company is a core member of and frequent contributor to the Hyperledger consortium and is regionally headquartered in Athens, Greece and Dubai, UAE.

In November 2018, norbloc was recognized by the RegTech 100 list as one of the most innovative companies in the regulatory technology space. In July 2019, norbloc announced a strategic alliance to provide the enterprise-grade technology powering the UAE Blockchain KYC Platform, the region’s first production blockchain KYC data sharing consortium.


For media enquiries, please contact:

Ian Norville                                           

Head of MENA, norbloc                                    

Tel: +971 50 808 4987                                      


Microsoft ScaleUp Program selects Belgian Fintech startup Features Analytics


LONDON, June 19, 2019 /PRNewswire/ -- Features Analytics a leading AI technology company servicing the financial industry, has been selected by Microsoft Scaleup to join its high-growth start-up programme which gives companies unique access to enterprise partners/customers and the ability to qualify to co-sell with Microsoft's sales force.

Features Analytics' unique trading surveillance platform for investment banking uses its eyeDES® technology to detect market abuse at any level by synthesising trading data to identify suspicious behaviour from normal activity. Organisations can catch unknown cases in human and algo-trading whilst reducing compliance costs and penalty risks, providing full auditability and traceability.

Cristina Soviany, CEO Features Analytics: "We're thrilled to have been selected by Microsoft as leading AI technology scaleup company, a fantastic opportunity to bring eyeDES® to Microsoft clients in the investment banking."

Features Analytics dynamically collects, structures and transforms trading data to extract intelligent insights which can spot even previously unknown violations without any rules or parameters being set.

Microsoft operates across the globe eight Scaleup programmes. In London it is based in the heart of London's digital quarter next to Shoreditch.

Andrew Macadam, MD Microsoft for Startups - Western Europe: "I am really excited about the progress and success of the startups that have leveraged the support that the Microsoft program has provided. Every cohort is bringing new dimensions and innovation on to the Azure platform and finding new ways to empower customers to achieve more."

About Features Analytics

Features Analytics is an AI technology and solution provider for investment banking, market infrastructures and other financial organizations. With principles originated in cancer detection, the company developed eyeDES® - a Surveillance platform for detection of market abuse in Equities, FX and other instruments, and transaction scoring for fraud detection and AML. In November 2018, Features Analytics was selected by M12 (Microsoft Ventures) as one of the top Ten Women-led Companies transforming Enterprise Tech.

Cristina Soviany


About B-Hive

B-Hive is a European collaborative innovation fintech platform that brings together major banks, insurers and market infrastructure players. Together, we work on common innovation programs and build bridges between our corporate partners and our start-up and scale-up community members. We aim to put Brussels on the map as the smart gateway to Europe and leverage on the opportunities offered by the digital transformation for the financial services industry. We believe that building bridges between important fintech hubs and the Eurozone enables both European and non-European companies to grow and expand.

From B-Hive member to Associate Partner


Insurers: Stand strong against disruption with thewave

Insurtech specialist UnderCover changes name to thewave and becomes B-Hive Associate Partner

Brussels (Belgium), X June 2019 – Leuven based insurtech start-up UnderCover extends its scope and changes its name to thewave. With its new name comes a new mission: thewave will combine its profound expertise in insurance with a deep understanding of emerging technologies. The goal is to invent, build and integrate tailored digital solutions for the insurance sector.  “Thewave does not aim to disrupt the insurance sector, it wants to help it stand strong against disruption,” says Stephan Podevyn, CEO of thewave. The company also exchanges its B-Hive membership for an Associate Partnership.

Tailored digital solutions for the insurance sector

Thewave, subsidiary of insurance consultant Ensur, is a web platform for insurers. The platform allows them, based on a unique algorithm, to help their clients calculate to which extent their possessions are protected against different calamities.  

To be able to respond to the increasing technology related requests from clients, thewave now expands the scope of its activities. Moving forward, thewave will combine its profound expertise in insurance with a deep understanding of emerging technologies such as Artificial Intelligence, Cognitive Robotics, Connected Ecosystems, Reference Architecture, and Internet of Things. In doing so, thewave will help invent, build and integrate tailored digital solutions for the insurance sector.  

Thewave will now also focus on buying and configuring existing solutions, integrating partner solutions in client platforms and providing technical consulting, like functional analysis, architectural advice and IT project management. 

Stephan Podevyn, CEO of thewave and co-founder of Ensur: “Thewave does not aim to disrupt the insurance sector we love so much. We much rather help it stand strong against disruption.We strongly believe that the combination of the profound insurance knowledge present at Ensur, combined with the expertise in new technologies provided by our partners, will be a recipe for success.”

From B-Hive member to Associate Partner

Thewave has been an active member of the B-Hive community since 2017. Given the fact that the extended scope and the technology focus have a great coherence with the mission of B-Hive, thewave now joins B-Hive as an Associate Partner.

Raf De Kimpe, Director Business Development and Ecosystem at B-Hive: “B-Hive is excited to announce the collaboration with a new partner. While thewave started as a B-Hive member within the community, they are now extending their scope and leveraging the B-Hive ecosystem to help them along the way. Their growth from member to Associate Partner will allow them to engage with the B-Hive community on the next level. We’re very excited to have them on board!”

B-Hive and thewave will collaborate to introduce their new brand and extended scope in the market by connecting them to the insurance companies in the B-Hive Ecosystem. Thewave will participate in B-Hive programs and events such as the upcoming FIN AND TONIC on June 27th around insurtech.

About thewave

thewave is a Belgian insurtech company, subsidiary of insurance consultant Ensur.  Our mission is to combine Ensur’s profound business knowledge and our partners’ deep technology expertise to invent, build and integrate tailored digital solutions for our clients in the insurance sector. We also provide technology related consulting and project management services, thus helping our clients stand strong, and even get stronger, in a sector facing disruption.

About B-Hive

B-Hive is a European collaborative innovation fintech platform that brings together major banks, insurers and market infrastructure players. Together, we work on common innovation programs and build bridges between our corporate partners and our start-up and scale-up community members. We aim to put Brussels on the map as the smart gateway to Europe and leverage on the opportunities offered by the digital transformation for the financial services industry. We believe that building bridges between important fintech hubs and the Eurozone enables both European and non-European companies to grow and expand. and Argenta Partnership


Argenta, a bank and insurance company for families, serving 1,75 million clients in Belgium, the Netherlands and Luxembourg partnered with to use its AI-driven model risk management platform. This solution will enable Argenta to manage the entire life cycle of models including data validation, performance measurements and benchmarking, using state-of-the-art Artificial Intelligence algorithms.

Argenta selected after a review of available solution providers active in this space. was selected because of its flexibility and customizability, which allows Argenta to integrate the platform in its model risk management framework. “We believe AI will change the way we work dramatically. By using Yields we invest in this change, the AI platform will enhance the efficiency and capability of the Validation department in performing robust validations” states Delphine Draelants Manager Validation & Model Risk Management at Argenta. “We are proud to work together with Argenta since the risk management team really embraces innovation and new technologies. Thanks to their strategic decision to take full ownership of the model risk management process, they make a perfect client” adds Jos Gheerardyn, CEO and co-founder of After a successful pilot, the institution selected the SaaS offering. Training of the team as well as support to bring the first models onto the platform was accomplished in a matter of weeks, on schedule and within budget.

This partnership will allow Argenta to be at the forefront of the European market in the use of Artificial Intelligence in the Risk Management practice.

Antwerp - Brussels (May 23, 2019)

Parvis Sainte-Gudule 5, Brussels

Tel. +32 479 527 261


AI4Belgium Coalition wil kunstmatige intelligentie in België op de kaart zetten

Ministers De Croo en De Backer hebben, samen met een reeks experten, een strategie voorgesteld voor kunstmatige intelligentie in ons land. Er komt een nationale hub voor AI en een AI-onderzoekscentrum. (French version at the end of the article)


18 March 2019 - De 'AI4Belgium Coalition', onder leiding van technologiefederatie Agoria, de federale overheid (BoSa) en de drie regionale AI hubs (The Beacon in Vlaanderen, Digityser in Brussel en Réseau IA in Wallonië), heeft een nationale hub voor artificiële intelligentie aangekondigd. De AI-hub maakt deel uit van een plan dat vicepremier Alexander De Croo en minister van Digitale Agenda Philippe De Backer op de agenda van de volgende regering willen plaatsen. "AI zorgt voor veel vragen bij het Belgische publiek. Mensen zijn bang voor de impact ervan", aldus Alexander De Croo bij de voorstelling. "En AI zal een invloed hebben op jobs en hoe die in de toekomst worden georganiseerd. Ik denk persoonlijk niet dat dit jobs gaat kosten, wel integendeel, maar het is belangrijk hoe we daarnaar kijken. In mijn ogen is AI geen dreiging, maar is het een krachtig tool waar we gebruik van kunnen maken."

Die AI4Belgium Coalition is een uitloper van adviezen die een groep experten hebben gegeven om België klaar te stomen voor AI. "We zijn naar de experten gestapt, en hebben hen gevraagd wat er nodig is om een Belgische strategie te bouwen", zegt Phillippe De Backer. "Bedoeling is momentum te creëren om België op de kaart te zetten voor AI."

Vijf werkpunten

Dat momentum moet er komen met, onder meer, een 'new learning deal', een universeel opleidingsprogramma voor volwassenen en meer aandacht voor zowel digitale als menselijke vaardigheden voor de jongeren. "Vanuit onderwijsstandpunt moet er veel training gegeven worden. Daarvoor moeten fondsen worden vrijgegeven om de mensen die skills aan te leren. Verder moeten we ook onze kinderen voorbereiden en het curriculum aanpassen. Daarbij moeten we beginnen in lagere school", zegt Marc Lambotte van Agoria daarover.

Om een verantwoorde strategie te ontwikkelen is er dan weer nood aan een robuust en hedendaags wettelijk kader, ethische richtlijnen en transparantie. Mieke De Ketelaere, Ethical AI Evangelist bij SAS: "Als we projecten willen doen, hebben we een makkelijke toegang nodig tot open data, maar daarbij hebben we wel een verantwoordelijke strategie nodig rond die data. Privacy is en blijft een recht, en als we willen dat mensen deze technologie vertrouwen, dan moeten we hen bijvoorbeeld laten weten dat er oplossingen zijn die privacy met die data kunnen balanceren."

Om AI te demystificeren is er naast opleiding en projecten met een maatschappelijke impact bovendien ook nood aan meer samenwerking en toegang door AI via het opzetten van een nationale AI-hub. Er wordt onder meer gedacht aan ondersteuning voor die typische Belgische bedrijfsstructuur: kmo's. Zij kunnen wel wat hulp gebruiken bij het inzetten van, of bijleren over, kunstmatige intelligentie, zo klinkt het.

Het plan heeft ook de ambitie om België te positioneren als hét Europese onderzoekscentrum voor AI, door het opstarten van 'sandboxes' en grootschalige samenwerkingen met de academische wereld. Tot slot wordt gepleit om de overheidsdiensten meer ruimte te geven om te experimenteren met AI, onder meer door een rollend fonds voor innovatie, meer publiek-private partnerships en 'chief digital officers' voor de publieke organisaties, zo vat Fons Leroy, afgevaardigd bestuurder van de VDAB het samen.


Voor dat alles is natuurlijk wel geld nodig. De AI4Belgium Coalition meent dat er tot 2030 een investering van minstens één miljard euro nodig is om de doelstellingen te halen. Op de voorstelling werd ook de oprichting aangekondigd van het Capricorn Digital Growth Fund met een kapitaal van 100 miljoen euro. Tot slot kondigt ook de Vlaamse overheid investeringen aan, van zo'n 30 miljoen per jaar, te verdelen over onderzoekscentra en bestaande bedrijven.

VUB-rector Caroline Pauwels en Pieter De Leenheer, medeoprichter van Collibra, kondigen op het evenement bovendien hun plannen aan voor de oprichting van een gezamenlijk AI-onderzoekscentrum. Dit multidisciplinaire en interuniversitaire onderzoeksinstituut moet nauw samenwerken met de industrie. Op die manier moet het een verantwoordelijke en democratische toepassing van AI in de diverse geledingen van de samenleving aanmoedigen.

Het oprichten van een gemeenschappelijk onderzoekscentrum met Collibra dat zich toespitst op de volgende generatie AI-technologie maakt deel uit van het plan, stelde Pauwels. "Met dit initiatief om een AI-onderzoeksinstituut en een AI-belevings- en testcentrum op te richten met andere universiteiten, de strategische onderzoeksorganisatie imec, bedrijven en organisaties willen we een belangrijke bijdrage leveren tot de Belgische AI-strategie en mee van Brussel de hot-spot voor AI voor het algemeen belang maken. De eerste belangrijke stappen naar een open AI-samenwerkingsstructuur zijn gezet met het partnerschap met de Europese fintech hub B-Hive en de Belgische Unicorn Collibra", besluit de VUB-rector.

Original Source: link

French Original Source: link

Velocity & B-Hive partnership links Fintech hubs in pan-European collaboration

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06 March 2019 - The IA’s fintech innovation hub and accelerator, Velocity, and Brussels-based fintech ecosystem B-Hive have today signed a partnership designed to boost fintech innovation across the asset management industry by promoting pan-European collaboration. 

The partnership signed by Fabian Vandenreydt, Executive Chairman, B-Hive and Peter Harrison, Chair of the IA Board, signals a commitment to a closer relationship between the two organisations with the aim of building a strong international Fintech ecosystem.

As part of the agreement, Velocity and B-Hive will share knowledge and expertise on technology trends and work together on joint events and training, as well as tackling common innovation challenges.

 The partnership marks a key milestone in Velocity’s growing reach. From its official launch last October, Velocity has already become a leading centre of innovation for the asset management industry and wider buy-side, attracting more than 80 FinTech firms in the past six months, with five of these forming the first Velocity cohort within the accelerator program.

Alexander de Croo, Belgian Deputy Prime Minister and Finance Minister said: “I’m very pleased today to witness the Belgian FinTech hub B-Hive partner with the renowned accelerator Velocity. Both hubs' expertise in RegTech and WealthTech gives the European FinTech ecosystem yet another boost and strengthens the collaboration between Belgium and London based startups.”

Peter Harrison, Group Chief Executive, Schroders and Chair of the IA Board said: “I am delighted to announce this new partnership with B-Hive. Velocity has quickly established itself as the natural meeting point between cutting-edge FinTech companies and the asset management industry in the UK. The pan-European collaboration with B-Hive will open new avenues for furthering innovation, which will benefit our members and the savers and investors which our industry serves.” 

Fabian Vandenreydt, Executive Chairman, B-Hive said: "Our partnership with Velocity is a great representation of our main mission to build links between the major European fintech hubs. Velocity's expertise in the investment management innovation ecosystem space will be a valuable asset for the B-Hive community and we are thrilled to partner with them."




B-Hive Europe launches a Fintech Landscape Report, B-Lens, together with Roland Berger and Sirris

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BRUSSELS, BELGIUM - 22 February 2019. -- B-Hive, the collaborative innovation platform, together with Roland Berger, one of the leading global consultancy firms, and Sirris, the collective center for and by the technological industry, has published B-Lens 2.0, a fintech landscape report that takes a look at the state of financial services and fintechs in Belgium and Europe.

The survey is based on research conducted by B-Hive Europe as well as data collected by Roland Berger and Sirris. The results showed that most fintechs have focused on the banking and insurance sectors to find potential clients while the fintechs thought their key differentiators included the digitized business models, short time-to-market and convenient processes. For international expansion, France, Belgium, Germany and the UK were the most favorable destinations in Europe.

The biggest challenges discovered were talent shortages, slow customer adoptions, low collaboration rates with financial services and opportunities to grow due to the difficulty to attract customers and investors.

Financial services takeaways:

  • Mobile banking subscriptions are growing fast followed by an increase in digital transactions and online purchases

  • Consumer acceptance saw an increase in the use of digital financial services but is below neighboring Southern European countries and the UK

  • Belgium confirms its strong business enablers for digital activity, thanks to higher R&D expenditure and high concentration of ICT specialists and short time required to start a business. However, the cost of starting a new business has been increasing recently

  • Although significant efforts have been put to secure internet servers, increased investment into cybersecurity is needed to limit cases of internet banking fraud and to catch up with the average online security in the EU

Fintech takeaways:

  • Belgian Fintech sector is stabilizing in 2017 (4 Fintechs created) and the trend is confirmed in 2018 with the average deal size almost doubling but decreasing number of deals. Most common investment by funding round has shifted from Seed to Series A.

  • Significant change can be identified in the top 3 Fintech technologies with a shift from Blockchain & Data analytics to Saas, App and Artificial intelligence and a shift from marketplace and crowdfunding business models to commissioning and subscription.

Fabian Vandenreydt, Executive Chairman of B-Hive, said: “Here at B-Hive, we work to put Brussels on the map as a smart gateway to Europe and working together with Roland Berger and Sirris enables us to have a fuller view of key metrics, which will inform how we can further improve the position of Belgium in the market.”

Grégoire Tondreau, Managing Partner of Roland Berger, said: “The B-Lens 2.0 data has been compiled in a way that gives the readers a better overview of the market, and allows B-Hive to further focus on areas of innovation in the financial services and fintech industries. We are proud to have been part of this initiative from its launch last year and look forward to continuing our collaboration with B-Hive.”

Omar Mohout, Entrepreneurship Fellow of Sirris, said: “Fintech has a long history and deep roots in Belgium. But it's only recently that a real fintech ecosystem is emerging ensuring a bright future for innovation in the financial services industry in this country. It was a pleasure to take a deeper look into the topic together with B-Hive and Roland Berger, and discover what the future of fintech in Belgium looks like.”

About B-Hive Europe

B-Hive is a European collaborative innovation fintech platform that brings together major banks, insurers and market infrastructure players. Together, we work on common innovation programs and build bridges between our corporate partners and our start-up and scale-up community members. We aim to put Brussels on the map as the smart gateway to Europe and leverage on the opportunities offered by the digital transformation for the financial services industry. We believe that building bridges between important fintech hubs and the Eurozone enables both European and non-European companies to grow and expand.

More information about B-Hive can be found at

About Roland Berger

Roland Berger, founded in 1967, is the only leading global consultancy of German heritage and European origin. With 2,400 employees working in 36 countries, they have successful operations in all major international markets. Their 50 offices are located in the key global business hubs. Roland Berger advises major international industry and service companies as well as public institutions. Their services cover the entire range of management consulting from strategic advice to successful implementation: e.g. new leadership and business models; innovative processes and services; M&A, private equity and restructuring; and management support on large infrastructure projects.

More information about Roland Berger can be found at

About Sirris

Sirris is the collective centre for and by the technological industry. They offer Belgian companies three key assets to help them remain innovative: years of experience and comprehensive expertise in a wide range of industries; high-tech testing infrastructure spread across the country; and an extensive network of partners. This way they help large and smaller players in Belgian industry make the right technological choices and achieve sustainable economic growth.

More information about Sirris can be found at


With the introduction of IFRS9 accounting principles on Jan 1, 2018, all banks, including non-AIRB (advanced internal ratings-based) banks, have to adopt a “model validation and governance” framework for their internal risk models. Thus, the need for banks to identify and equip themselves with innovative tools to manage validation processes of the risk models used.

The US Small Business Fintech Report



The tech startups transforming small business payroll, lending, insurance, accounting, and more.

• About the author

CB Insights software lets you predict, discuss, and communicate emerging technology trends using data in ways that are beyond human cognition. We are a leader in the Expert Automation & Augmentation Software (EAAS) space.

imec.istart open call

The imec.istart business acceleration program supports entrepreneurs with the early development of their tech start-ups during minimum 12 months.  During this period we want to assess the feasibility of a business proof-of-concept, prepare the (commercial) launch of the first product(s) and the establishment of a start-up to drive this commercialization.

Collaborative economy and new business models’ challenges from promoting innovation and sustainable entrepreneurship to protecting consumers and workers [Recap]

Collaborative economy and new business models’ challenges  from promoting innovation and sustainable entrepreneurship to protecting consumers and workers [Recap]

On 16 October 2018, ACCA (Association of Chartered Certified Accountants), UEAPME (European Association of Craft, Small and Medium-sized Enterprises) and European Movement International organised a conference on collaborative economy and new business models’ challenges: from promoting innovation and sustainable entrepreneurship to protecting consumers and workers.

B-Hive is proud to announce its partnership with Altares - Dun & Bradstreet

The international provider of business insights, Altares Dun & Bradstreet and the collaborative European fintech platform B-Hive have announced their associate partnership. Through this partnership, Altares aims to strengthen their position as a trusted partner for the financial services industry.

Where Data Economy meets the Fintech Ecosystem

Altares will bring valuable expertise into the B-Hive FinTech Ecosystem regarding data management and analytics. Adriaan Kom – Head of Strategic Alliances:

“Our global company data enables our clients to build models and make business decisions. Our services provide reliable data and predictive analytics which is proven to be very beneficial for the financial services sector. As a trusted partner in company data and analytics, we plan to expand our network in this industry through B-Hive.”

With more than 40 partners and 170 members, B-Hive is one of the leading FinTech ecosystems in Europe. As a collaborative platform, B-Hive connects major financial institutions with innovative startups and scale-ups. Through this partnership, B-Hive adds another well-established tech company to their network. According to Fabian Vandenreydt, Executive Chairman at B-Hive, the partnership was a no brainer.

“Altares’ expertise, knowledge and values are an impressive combination that we are thrilled to have among our network. We hope to provide them with a platform that will serve, B-Hive, Altares Dun & Bradstreet and our complete ecosystem.”

First Steps as Associate Partners

As part of the partnership, Altares has supported the B-Hive FinTech Hackathon over the past few weeks. At the two-day Hackathon, participants were looking for well-thought business solutions for existing challenges that the financial- and insurance sectors are facing. By winning the Hackathon, participants could win a Proof of Concept. Not only has Altares provided data for the Hackathon, but their experts also participated as mentors and jury members. The Hackathon was organized in Brussels, Belgium on September 24-25.

In the future, Altares and B-Hive hope to join forces in similar events while also working on new projects. Niek De Taeye, Chief Operating Officer at B-Hive, has high hopes for their newly found partnership.

“Altares is a perfect addition to the B-Hive ecosystem. An established value as part of the Dun & Bradstreet group, yet the drive and ambitions of an innovative young company. Apart from the enormous richness of their current databases, Altares is a pioneer and is looking for innovative ways for this data to be of service to their clients. We aim to help them along in defining new and exciting uses for their data by connecting them to the right start-ups and scale-ups and also expand their customers within the financial services industry.”

About B-Hive:

B-Hive is a European collaborative innovation fintech platform that brings together major banks, insurers and market infrastructure players. Together, we work on common innovation programs and build bridges between our corporate partners and our start-up and scale-up community members. We aim to put Brussels on the map as the smart gateway to Europe and leverage on the opportunities offered by the digital transformation for the financial services industry. We believe that building bridges between important fintech hubs and the Eurozone enables both European and non-European companies to grow and expand.


About Altares Dun & Bradstreet:

Altares Dun & Bradstreet offers data from the world’s biggest commercial database which contains information about more than 300 Million companies. This verified company information is updated over 5 Million times a day to offer the most actual, complete and reliable actionable business insight. The combination of data, intelligence and technology helps professionals to make informed decisions.


B-Hive and Temenos join forces with their newly-found associate partnership


Temenos (SIX: TEMN), the banking software company, and the collaborative fintech platform B-Hive Europe, announced their associate partnership at Digital Finance Europe on September 26. The collaboration has been launched at the National Bank of Belgium in Brussels.

B-Hive’s growth continues, as it partners up with another tremendous tech company. B-Hive has reached a wide audience within the fintech community and joining forces with Temenos strengthens their ecosystem extensively.

Based in Geneva, Temenos has over 3,000 firms around the world, and more than 500 million banking customers count on their services on a daily basis. With more than 25 years of experience, Temenos is a true market-leading software provider and their expertise in the banking and finance industry will add great value to B-Hive’s ecosystem.

Shared values make the perfect partnership

Both B-Hive and Temenos value collaboration and believe in its importance in creating the best customer outcomes.

Fabian Vandenreydt, Executive Chairman of B-Hive:

“Sharing similar values as companies made this partnership even more valuable. We want to create a space that benefits everyone within the ecosystem. This was just another reason why partnering up with Temenos made a lot of sense to us.”

In addition, the two hope to foster and cherish innovation. In order to develop and adapt to the digital transformation, fostering innovation is key.

Amal El Alami, MarketPlace Community Director for Europe at Temenos, adds:

“We are excited to be working with B-Hive in accelerating and empowering the highest levels of innovation for our customers. This partnership will help us strengthen the community around Temenos MarketPlace and to uncover the most exciting fintech companies in Europe. At Temenos, we open up our software to third-parties to encourage innovation. We value our innovative, open culture and hope to partner with other innovative companies through the ecosystem of B-Hive.”

The future looks bright

With this partnership, Temenos and B-Hive aim to work together on several of the B-Hive initiatives. As an associate partner, Temenos will take part in a dedicated B-Hive program and the two companies will collaborate on creating added value to the ecosystem of B-Hive. Temenos and B-Hive will also mutually participate in each other’s events, such as ‘Presenting best of fintech report’ from Temenos on November 22nd in Brussels.

B-Hive launches Trusted Fintech - Program to encourage startups and scale-ups to put more focus on security

A collaborative fintech platform, B-Hive, is launching a cyber security program, Trusted Fintech, to help startups and scale-ups embed cyber awareness into their core values. By providing a thorough, five-module program, B-Hive aims to increase the CyberSecurity resilience and compliance of fintech startups and scale-ups. Trusted Fintech was announced at Digital Finance Europe ’18 in Brussels.

The program aims to increase the trust within the general public in the fintech market space by improving the companies’ skills and processes and offering them practical insights and innovative technologies, delivered by cybersecurity members of the B-Hive community. Overall, the program includes five core modules that focus on three different dimensions - people, process and technology.

The main goals of the Trusted Fintech Program are to encourage startups to look at security from day one, embed it in their startup DNA and create a collective responsibility in their rapidly-growing organizations. Upon successful completion of the program they will receive the “Trusted Fintech” label, showing to their partners and customers that they take cybersecurity seriously.

“I am very excited about this program as it reflects what B-Hive is all about: connecting the dots in Finance. The program leverages know-how and technical capabilities of one part of our ecosystem to benefit the other part for the greater good of increased levels of trust in Financial Services, bottom line making it easier for our community to do business.”, says Patrick Coomans, CyberHive and TrustedFintech Program Manager. “I also want to thank our CyberSecurity members for their contributions: Bitsensor, Cranium, Digitribe, ICT Control, iGuards, Intigriti, NVISO, Onegini, Secure Code Warrior and Sweepatic.”

“There is a strong demand from our startup and scaleup community for specific services that shorten the sales cycle with financial service clients. The TrustedFintech initiative will contribute greatly to accelerate the due diligence and procurement process. This will benefit financial services institutions and fintechs alike.”, says Fabian Vandenreydt, Executive Chairman of B-Hive.

“It is a misconception that fintechs and banks are opponents. Banks need fintechs for their digitisation projects and fintechs need to leverage the expertise of banks to deliver on their selling proposition. However, lack of visibility about cyber risk management capacity and strict rules, including in the area of outsourcing, are often a stumbling block to smooth cooperation between fintechs and banks. With this label, we offer a solution to this problem. A quality label will help fintechs and banks to work together more quickly. This is a unique initiative in Europe that has Febelfin’s full support.”, says Karel Van Eetvelt, CEO of Febelfin.

“The result of Digital transformation and Open Banking is that our risk landscape is more and more including external solutions that we don’t operate and protect ourselves. We see that with smaller startups and scaleups there is often a gap between their notion of CyberSecurity and the level of protection we require them to have. That is why we are so supportive of the B-Hive Trusted Fintech program, as it really aims to immerse the staff of those companies, from the developers to the founders, in the world of Information Protection. Organizations joining this program give us an important signal of how much they value the safeguarding of information, ultimately protecting brand and reputation.” says Jan Nys, General Manager Information Risk and Infrastructure Architecture of KBC Group.

“Our customers expect banking solutions that are easy and safe to use. We do this by applying high standards in the areas of quality, reliability, security, and the protection of data and privacy – both for internally developed solutions, as well as for those that are built with partners. For that reason, we welcome B-Hive’s TrustedFintech Program. It will raise awareness among FinTechs, and enable them to design solutions that integrate security and privacy requirements from the start.”, says Jan De Blauwe, Head of Global Security at BNP Paribas Fortis.

About B-Hive:

B-Hive is a European collaborative innovation fintech platform that brings together major banks, insurers and market infrastructure players. Together, we work on common innovation programs and build bridges between our corporate partners and our start-up and scale-up community members. We aim to put Brussels on the map as the smart gateway to Europe and leverage on the opportunities offered by the digital transformation for the financial services industry. We believe that building bridges between important fintech hubs and the Eurozone enables both European and non-European companies to grow and expand.

TrustedFintech contact:

Patrick Coomans, Head of CyberSecurity Innovation and Community


Phone: +32-(0)477.40.53.09