Developing Technologies for Zero-Carbon Economies

By Nils Røkke
TRONDHEIM, Norway, Jun 11 2019 – Never before has half a degree (0.5C) meant so much for humanity. We are behaving as if we have time to deal with climate change. We don’t. The main problem is that we believe we must sacrifice growth and prosperity for the sake of decarbonisation. We don’t.

Increase investments

We can decarbonise the economy and create jobs and growth. In Europe, this requires that member states increase investments in energy research and renewable energy technologies.

Europe can take the lead by investing in research and reviewing regulations, making sustainability a competitive advantage. The public and the private sector need to work together to quickly prototype technologies and then scale the pilots.

This requires research and innovation incentives. To show the effect of these approaches, I would like to point out a few concrete examples.

To increase investments in research in Europe, research institutes, the public and the private sector need to link national funding to EU programs. Existing research funding needs to be spent more wisely.

Nils Røkke

Simultaneously the public and the private sector need to plan, work and evaluate projects like real partners. I am certain that this will incentivize and accelerate climate-friendly and market-worthy businesses and ideas.

One example of an effective public-private partnership is the Norwegian government’s support of research facilities for carbon capture and storage at multiple locations for multiple industries. This includes Norcem’s cement plant in Breivik and the recycling of energy from a waste incineration plant at Klementsrud in Oslo.

Leveraging public-private partnerships

The Norwegian government has understood that to balance its national carbon budget, the public sector needs to support private industry. Proof that this approach works is the first full-scale carbon capture and storage (CCS) solution to be implemented at a cement factory, in Brevik, Norway.

Government supported schemes for capacity building, research and innovation has underpinned this development and planned deployment. This has also included projects operating under the EU Framework programs for research from FP6 to Horizon 2020. We need more solutions that are sustainable, effective and realistic by 2030. Which means we also need more public-private partnership.

Regulating change

At the same time, countries can regulate to ensure that sustainable operations become a competitive advantage and that sustainable technologies is rapidly deployed and adopted. A clear example from industry is the Europe-wide market for carbon quotas.

Requiring companies to pay for their emissions incentivizes them to find the most innovative and effective ways to reduce their emissions. The companies that can reduce emissions in the most cost-effective way will in turn become more competitive. The companies that change will capture market share and grow.

Regulations are also an incredibly efficient way to affect consumer and market behaviour, and thereby which technologies are sold, profitable and further improved. A common example of this is the Norwegian government’s approach to regulating the personal vehicle market.

Electric vehicles are exempt from many taxes and fees in Norway, which makes them very appealing when compared to vehicles with internal combustion engines. All of these incentives have made a significant impact on consumers adopting electric vehicles.

In March 2019 Norway actually became the first country in the world to sell more electric vehicles than internal combustion vehicles.

Incentivising energy research

Increasing funds for energy research and affecting behaviour through regulation are important for change, but full-scale pilot projects will only scale when energy research itself is incentivized. No one single technology or system can tackle our transition to a zero-emission society.

Each country must therefore consider the tools at their disposal to incentivise research into technologies for renewable energy. This was the backdrop for establishing the Mission Innovation initiative (MI) that was launched at the COP21 in Paris. Why is only 1.8% of public research and development funding invested in clean energy when clean energy is one of the most important ways to achieve climate neutrality?

The Mission Innovation initiative aims to double the investment into clean energy to trigger more investment from the private sector. After all, public money cannot solve this challenge alone.

Countries need to work together. At EERA, we work hard to ensure that we facilitate cooperation to the greatest possible extent. One concrete project I would like to draw attention to is the Joint Programme for Concentrated Solar Power (JP CSP).

Fostering knowledge and technology transfer from advanced European research to the most promising areas for solar thermal energy is the key aim of the international cooperation strategy of the program.

Within the framework of the EU funded Integrated Research Programme STAGE-STE, the JP CSP has successfully integrated partners from four continents – from Australia to Chile, Brazil, Mexico, India, China, as well as from MENA countries like Libya, Morocco and Saudi Arabia – in its research community, gathering all the key research institutions working on CSP and solar thermal energy.

The EU can always do more. One concrete recommendation I would like to give as Executive Vice President of Sustainability at SINTEF and Chair of EERA is to increase the budget for the next Horizon Europe research program. The initial suggestion of 100 billion EUR should instead be expanded to 120 billion.

We need the budgetary room so that we can fully pursue the ideas that make the most sense. Also, we need to be sure that the research we do fully permeates industry. Therefore, “Pillar Two” of Horizon Europe, the portion that connects the research with industrial opportunities, must be further strengthened.

There are many solutions and technologies that are required to generate the technologies and techniques for a more sustainable future. All countries and member states in Europe should increase their investments, regulate to ensure that sustainability becomes a competitive advantage, and incentivize research to realize as many solutions as possible.

Technology can keep us in the race to prevent global warming, jobs and economic growth. How can we ever overspend on that investment?

Driving Financialization

By Jomo Kwame Sundaram and Michael Lim Mah Hui
KUALA LUMPUR and PENANG, Jun 11 2019 – The emergence and growth of financialization from the 1980s has been driven by several factors operating at various levels – national and international, ideological and political, and of course, technological. The 1971 collapse of the Bretton Woods (BW) international monetary system arguably paved the way for financial globalization.

Jomo Kwame Sundaram

Cross-border financing
The BW dollar-gold standard had provided the basis for the relatively stable post-World War Two exchange rate system; ‘regulated’ capital flows of the BW system gave way to a new international financial order based on free-floating exchange rates and freer cross-border capital flows.

These developments changed banking in two ways. First, banks became more globalized, with international banking taking off in the 1970s. In the 1950s, only three major US banks had foreign branches. In 1965, only US$9 billion, or 2% of total US banking loans, were foreign. By 1976, foreign loans had risen to US$219 billion as the ten largest US banks made half their profits from international banking.

Second, with floating exchange rates, transnational companies’ (TNCs) profits were exposed to currency risks. Fluctuating, instead of stable exchange rates generated more profits from foreign exchange trading, accounting for growing bank revenues and profits.

Hedging and speculation
As banks increasingly served TNC ‘hedging’ needs, forex trading for speculation became more important than supporting the real economy. Although total world trade in 2007 was only worth US$15 trillion, forex trading averaged US$5 trillion daily, or over a quadrillion in the year!

Derivatives — such as options, swaps, non-deliverable contracts, ‘shorting’, etc. — allowed banks and their clients to hedge and speculate, with greatly increasing leverage magnifying risks, not only to the parties involved, but also to the financial system as a whole.

Michael Lim Mah Hui

At the international level, governments have permitted the proliferation of tax havens for corporations and individuals to evade taxes, ‘recycle’ and hide illicit funds, supported by bankers, lawyers, accountants and other enablers. Such illicit flows in 2014 were estimated at between US$1.4 trillion to US$2.5 trillion.

Thus, financial globalization involves mutating networks of financial institutions, both banks and non-bank financial institutions such as institutional investors, asset managers, investment funds and other ‘shadow banks’.

It involves lending to companies, households and individuals, for trading on securities and derivative markets within and across national borders. Financial globalization has been enabled by innovations made possible by significant improvements in computing capability.

Hélène Rey argues synchronized financial trends constitute a ‘global financial cycle’ due to the growing interconnectivity of securities and equity markets, capital flows and credit cycles around the world, ultimately influenced by US Fed policies. Greater integration and synchronization of financial markets have thus exacerbated financial instability and fragility.

From state to individual
But rapid global financialization is not only due to the expansive power of financial innovation, but also to deliberate policy choices at national and international level, beginning in the US with financial liberalization and banking deregulation from the 1980s. Interstate banking was allowed, and interest rate controls lifted, with commercial banks eventually allowed to underwrite and trade securities.

The US and other powerful financial interests successfully ‘globalized’ financial liberalization and financialization in the rest of the world, pressuring economies to lift exchange rate controls and open financial markets to foreign banks and investors, leading to Japan’s financial ‘big bang’ in 1990-1991 and the 1997-1998 East Asian financial crises.

The 1980s also saw the erosion of progressive taxation with more tax breaks for the rich, ostensibly to promote growth, and exaggeration of supposed funding crises for social security and public pensions.

Governments have favoured finance with generous tax breaks for interest income, with capital gains taxed much less than wages. These were invoked to legitimize the shift from future provisioning via the welfare state to self-provisioning via market investments.

Thus, investment risks have shifted from employers and governments to future pensioners investing individually via private pension funds, insurance companies and asset management corporations, i.e., changing from ‘defined benefits’ to ‘defined contributions’.

Ideological drivers
Financialization has been supported by the rise of shareholder activism, invoking ‘economic value added’ (EVA) arguments, to maximize shareholder value, instead of serving various stakeholders including employees, customers, suppliers and the public, or allowing managerial abuse of the ‘principal-agent’ problem, as managers serve their own interests, rather than investors’.

Short-termist maximization of stock prices via quarterly earnings, e.g., through mergers and acquisitions, is thus prioritized instead of long-term considerations, including ‘organic growth’. This paved the way for the mergers and acquisitions wave of the 1980s and 1990s, immensely profiting Wall Street and anointing financiers as the new ‘masters of the universe’.

Jomo Kwame Sundaram, a former economics professor, was United Nations Assistant Secretary-General for Economic Development, and received the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought.

Dr Michael LIM Mah Hui has been a university professor and banker, in the private sector and with the Asian Development Bank.

Wealth and Power: Andrej Babiš and Donald J. Trump

Cartoon by Jack Swanepoel, published in Sunday Times, Johannesburg, July 13, 1997

By Jan Lundius
STOCKHOLM/ROME, Jun 11 2019 – When I recently visited the Czech Republic I noticed an increasing Czech opposition against their wealthy Prime Minister. Andrej Babiš has been endowed with the nickname Babisconi since he, like the former Italian Prime Minister Silvio Berlusconi, is accused of purchasing and using various means of communication for his own propaganda purposes. Apparently, this endeavour has so far been quite successful, since according to my Czech friends Babiš is still popular among a majority of their compatriots.

Like Berlusconi, Donald Trump, Poland´s Kaczyński and Hungary´s Orbán, Andrej Babiš challenges his nation´s legal representatives and even tries to change legislation to favour him in his efforts to avoid mounting accusations of wrongdoing. Billionaires like Trump, Berlusconi and Babiš came to power by declaring that their wealth made them immune to corruption, claiming that their goal was to ”drain swamps” created by corrupt, ”professional” politicians. To prove their capacity to achieve a change for the better they referred to their success as entrepreneurs. However, all three soon fell victims to an urge to continue enriching themselves.

The Czech Republic is at the very core of Europe and a man like Andrej Babiš appears to be a result of the country´s liminal position between a ”capitalist” West and a formerly ”socialist” East. Babiš is a billionaire who like Trump brags about his wealth and popularity, while using xenophobia as a means to gain support. Extremely wealthy politicians like Trump and Berlusconi have been accused of gaining their fortunes through connections with organized crime, while Babiš is said to have benefitted from the oligarch-controlled environment that emerged from a crumbling ”Eastern Block”.

On the 5th of June, 120,000 demonstrators took to the streets of Prague protesting against what they considered to be Andrej Babiš´s shameless power abuse. It was the biggest protest since 28 November 1989, when 500,000 demonstrators convinced the nation´s Communist leaders that they had to resign. However, street protests do apparently not bother Andrej Babiš. Like Trump, Babiš claims that after his victory in the last elections (he obtained close to 30 percent of the votes, three times more than the closest contender) he is confident that his ”base” remains strong and loyal, while he believes the opposition is just a paper tiger whipped on by fake news.

Before entering politics, Babiš was an entrepreneur and he is now the second richest man in the Czech Republic, with an estimated net worth of about US$ 4.04 billion. Since 2011, Babiš heads the recently founded populist party ANU, which proclaims its goal is to rid the Republic of corruption and fight unemployment. ANU, which has an anti-EU and anti-immigration platform, also promises substantial tax cuts for all.

In spite of his ruling party´s intention to abolish immunity for politicians, such immunity has so far saved Babiš from being convicted for fraud. He has been under investigation by both the Czech Police and OLAF (Office européen de Lutte Anti-Fraude) the European Anti-Fraud Office. Among other crimes Babiš is accused of using an anonymous company, unlawfully controlled by himself, to obtain a € 2 million subsidy from the EU. In 2017, Babiš was, upon request from the Czech police, stripped of his parliamentary immunity. However, after a few months, as a result of his re-election as Prime Minister, Babiš regained his parliamentary immunity.

Babiš is constantly accused of conflicts of interest, recurrent intimidations of opponents, as well as his alleged past role in the communist secret police. In 1980, Babiš joined the generally dreaded Communist Party and has since then on been accused of being an ”influential” agent for the Czechoslovak Secret State Security Service, StB, and working closely with KGB, something he vehemently denies.

When the trading firm Agrofert in 1993 was ”re-capitalized”, Babiš suddenly emerged as its sole owner, supported by so far undisclosed financing. Under Babiš´s leadership Agrofert gradually developed into one of the largest companies in the country, acquiring and developing various agricultural, food processing and chemical industries. In 2011, Agrofert Holding consisted of more than 230 companies, mainly in the Czech Republic, Slovakia (Babiš is a Slovak by birth) and Germany. In 2013, Agrofert purchased the media company MAFRA, publisher of two big newspapers, owner of a TVnetwork and the Czech Republic´s most popular radio station.

Babiš is known to oppose the power and influence of both the EU and NATO. His conflict with the latter organisation emanates from his disappointment over its refusal to sink ships ”trafficking human beings”. He stated that NATO

    it is not interested in refugees, although Turkey, a NATO member, is their entrance gate to Europe and smugglers operate on Turkish territory.1

He has also rejected EU refugee quotas stating:

    We must react to the needs and fears of the citizens of our country. We must guarantee the security of Czech citizens. Even if we are punished by sanctions.2

Even if Babiš repeatedly has assured people about his close attachment to Western Europe and the US, he is accused of furthering Russian policy goals and business interests. An often quoted example is that he granted a Czech government loan guarantee to a Russian company with a record of defaults, though owned by a close friend to Putin.

Is Andrej Babiš emergence in politics part of a trend where business interests and a global financial system facilitate kleptocracy? Where internal and foreign policies are crafted to pursue rulers´ personal agendas and enrichment? We are witnessing Trump´s blatant lies and coverups, well aware of the fact that much of his wealth was created through deals with Mafia dons like Vito Genovese, Anthony ”Fat Tony” Salerno, Paul Castellano, John Staluppi and Nicodemo “Little Nicky” Scarfo. Contacts generally mediated through the ruthless lawyer Roy Cohn. No one involved in huge construction projects on Manhattan, or within the gambling world of Atlantic City, could avoid making deals with the ”mob”. This business model did not change when the Trump Organization began to cooperate with money laundering oligarchs like Kazakh citizens Mukhtar Ablyazov and Ilyas Khrapunov, as well as several other shady characters from around the world.3

The dirty connections between politics and business are revealed from all over the world. Kleptocrats from Tajikistan, Kyrgyzstan, and Angola are siphoning wealth to offshore companies. Cyprus and other places are currently emerging as havens for dirty Russian money. A year ago, Malaysia´s former Premier Minister Najib Razak was arrested by Malaysia´s Anti-Corruption Commission (MACC) accused of transferring US$10.6 million to his personal bank account. The money originated from complicated schemes orchestrated through an investment group funded by government developement grants. These are just a few worrying signs and indications of a wave of greed and ruthlessness sweeping the world. Occasionally, hidden horrors of this criminal realm flare up when some journalist or whistleblower is brutally murdered, like Daphne Caruana Galizia on Malta, Jamal Kashoggi in Istanbul, or Anna Politkovskaya in Moscow, just to mention a few of the most famous cases, representing numerous other believers in freedom of speech who are killed, tortured and silenced all over the world.

Investigative journalists have often good reasons for fear. But – are powerful and wealthy people fearless? Apparently not. I assume most of them fear to lose their power and money and thus be exposed as being pathetic and defenseless. Tony Schwartz, who ghostwrote The Art of the Deal for Donald Trump, stated:

    Fear is the hidden through-line in Trump’s life – fear of weakness, of inadequacy, of failure, of criticism and of insignificance. He has spent his life trying to outrun these fears by “winning” – as he puts it – and by redefining reality whenever the facts don’t serve the narrative he seeks to create. It hasn’t worked, but not for lack of effort.4

1 Czech minister Babiš criticises NATO´s stance of refugees,” Ceske Noviny, 20 Septenber 2015.
2 “Babiš: ´I reject the EU refugee quotas´,” Prague Monitor, 4 August, 2016.
3 Cooley, Alexander and John Heathershaw (2018) Dictators Without Borders: Power and Money in Central Asia. Princeton: Yale University Press
4 Mayer, Jane (2016) ”Donald Trump´s Ghostwriter Tells All,” The New Yorker, July 18

Jan Lundius holds a PhD. on History of Religion from Lund University and has served as a development expert, researcher and advisor at SIDA, UNESCO, FAO and other international organisations.

Championing Social Changes: A Tale of Two Women

Elisa knitting outside her home.

By Karessa Ramos
MADRID, Spain, Jun 11 2019 – This is the story of two women who are positively transforming social norms in their respective societies, as part of the global movement towards gender equality.

In Lima, Peru, Elisa Cuchupoma runs two livelihoods: one is selling knitted hair ornaments along with her group lending co-members, and the other is selling cuy (cavia porcellus), a guinea pig native to the Andean regions, raised for its meat.

She is part of the Palabra de Mujer group lending program of BBVA Microfinance Foundation (BBVAMF) in the country, which has reached more than 90,000 vulnerable women.

In La Vega, Dominican Republic, Benita Hernández tends a small-scale farm where she grows coffee, celery and sweet potato among other crops. Recently, she has also added macadamia nuts in her list of produce and has been receiving loans and technical assistance from the Foundation’s local institution.

This may not seem much at first glance, but in a region where women still face significant barriers to own productive properties and to independently access financing, Elisa and Benita join millions of women fighting for this and other rights that they are being denied.

Similarly, over 1.2 million women like them are taking part in this worldwide action, with the support of BBVAMF, through its six microfinance institutions (MFIs) in five countries in Latin America.

It is true that over the past decades in the Americas, the legal framework in politics, economics and in protecting women from gender violence has evolved positively. In fact, it is the second-best performer according to the OECD’s 2019 Social Institutions and Gender Index (SIGI) Report, which reflects women’s situation in 180 countries regarding discrimination in four dimensions: the family, restricted physical integrity, limited access to productive and financial resources, and restrained civil liberties.

None of its countries classify as having high or very high discrimination. Still, the SIGI’s latest edition1 confirms that to reach Sustainable Development Goal 5 (SDG 5): Gender Equality, the region has to address women’s lack of access to productive and financial resources.

This organization, together with the Ibero-American General Secretariat (SEGIB), confirms that adequate legislation is the first step towards gender equality, as it impacts women’s economic independence, without which, their progress and that of the whole region will never be optimized.

For instance, the SIGI shares that “nine countries have not implemented gender-sensitive measures to expand women’s access to formal financial services”. Consequently, their participation in the social and economic spheres is limited and their potential remains untapped. The report has identified that the region’s economic cost of gender inequality is USD 400 bn.

Benita in her farm.

Likewise, it reveals that the family is the most difficult area of change, to the extent that Colombia is the only country with a law recognizing that women and men enjoy the same right to be head of household.

This means that as of this day, women’s voice and status within their home are subordinated to those of men. However, legal protection is insufficient when women’s own families continue to express negative attitudes about them or the projects they wish to undertake. Social norms and dynamics, based on practices, would have to undergo major transformations as well.

Accordingly, Elisa and Benita are not settling to be entrepreneurs with stable sources of income. Access to financial resources has enabled them to dream bigger and make their progress extensible to their households and communities.

In fact, BBVAMF’s own social performance assessment reveals that its female clients perform better than males: their earnings grow by 20% annually (versus 12% for businesses managed by male entrepreneurs), 37% of female clients overcome poverty in the second year with the Foundation, and although their exit to poverty is slower than that of their male counterpart, they experience a much lower relapse rate.

This is why it’s no surprise that, in their own way, these two women are also paving the road for change, so other women could enjoy the same rights as they do.

In Elisa’s case, her husband’s apprehension to apply for a loan deterred her from pushing her business plans forward. This went on until she learned about BBVAMF’s Peruvian MFI, where she was given a loan without her husband’s knowledge (since his collateral and signature were not required).

This then, became her gateway to economic independence, because aside from financial resources, her lending group (named “Neighbors united forever”) also receives training in financial and business management, and the members have become her second family who support her and encourage her to follow her ambitions.

In return, she has taught other female lending groups how to knit; expanding their skillset and making other entrepreneurial possibilities open to them. She now offers employment to 12 women of her community.

Benita, for her part, knows how lack of information has caused Dominican women to waive their right to be land proprietors, preventing them to accumulate assets and reduce their vulnerability. Indeed, the SIGI identifies “poor, less educated and rural women to be at higher risk due to intersectional discrimination.”

Without adequate knowledge about the requirements, and sometimes not even possessing the basic document of identification, they don’t stand a chance to be legal land owners. This widespread reality drove her to become part of the “Asociación Humanista de Campesinos” (Humanist Farmers’ Association) to help people fix their documentation requirements and afterwards aid them to obtain their land titles.

As the SIGI 2019 states, “social norms can be double-edged swords for women”: they can either hinder or act as catalysts for their progress. This is why the efforts of these two female entrepreneurs, along with those of other women, governments, the private sector, civil society, and other stakeholders are slowly taking the shape of a tool to eliminate discriminatory laws, social norms and practices.

Yet it must be maintained that transforming this social, cultural and historical machinery is a non-exclusive responsibility for women. The whole society- women and men, girls and boys must be engaged.

In this regard, SEGIB and BBVA Microfinance Foundation will jointly host the presentation of the SIGI 2019 in Madrid, Spain, on June 13th, as part of their commitment to drive changes that bring the world nearer to fulfilling SDG 5 and the 2030 Agenda. The gathering will take a broad look at the main conclusions of the report, after which the Latin American context will then be discussed, where Elisa and Benita will share their tales and make the reality of many others like them visible for the world to see: women who have to overcome social and economic barriers to find their way towards economic independence, and thus, contribute to achieving gender equality.

1 The SIGI looks at the gaps that legislation, social norms and practices create between men and women in terms of rights and opportunities. For more on methodology, refer to: http://bit.ly/2I2YDOw (p. 165)

Displaced in South Sudan – A journey of 1,000 kilometers

Photo Credit: UNICEF/Phil Moore

By UNOCHA
Jun 11 2019 (IPS-Partners)

(UNOCHA) – Conflict, hunger and disease forced nearly 700,000 people to flee South Sudan to become refugees in neighbouring countries in 2017. More than 70 percent of those fled in the first half of 2017, when multiple military offensives occurred in Upper Nile, Unity, Jonglei, and the Greater Equatoria region.

Since 2013, over 4.2 million people – about one in three South Sudanese – have been displaced within the country. More than 2.2 million people are now refugees in countries across the region, including Uganda, Kenya, Ethiopia, Sudan and the Democratic Republic of Congo.

What happens when people are forced to abandon their land, homes, jobs and schools due to a civil war? Follow one family’s journey of 1,000 kilometers (over 600 miles) as they travel the length of South Sudan in search of safety.

View the full story on UN OCHA

Melissa All-in-One Identity Verification to be Highlighted at FinTech Junction 2019

TEL AVIV–YAFO, Israel, June 10, 2019 (GLOBE NEWSWIRE) — Melissa, a leading provider of global contact data quality and identity verification (IDV) solutions, will demonstrate its all–in–one cloud IDV and enrichment solution at FinTech Junction 2019. Operating in tandem with existing banking and payments software platforms, Melissa's IDV technology seamlessly verifies identity using a global dataset of billions of records. The solution offers the real–time data necessary to optimize compliance, supporting the full spectrum of banking regulations and data standards enacted to combat fraud.

Melissa unlocks the value of accurate customer data for global organizations including Bank of America, Creditsafe, MetaBank, Tranzfar, BAE Systems, GSK, car2go, Microsoft, the NHS, and the Foreign and Commonwealth Office. With data quality and verification built into enterprise operations, firms see new efficiencies, reduce costs, and guard against fraud in all financial operations. Real–time integration with banking platforms also empowers financial institutions to meet high customer expectations for convenience, speed, and simplicity in operations such as onboarding, customer service, payments, international money transfer, and Forex. Melissa's IDV solution features:

  • Flexible, automated credit–checking and anti–fraud workflows
  • Entity resolution and compliance supporting Know Your Customer (KYC), Anti Money Laundering (AML), Politically Exposed Persons (PEP), Office of Foreign Assets Control (OFAC) and Bank Secrecy Act (BSA)
  • Scoring and targeting of customers with detailed demographic and firmographic data appends
  • Protection from data decay with 2.1 billion clean, validated records, and enhancement of customer data with missing names, addresses, phone numbers, and emails

Booth visitors also have access to value–added opportunities, with free proof–of–concept and unlimited tech support for onsite purchases. Click here to confirm an onsite briefing or visit the booth during regular show hours, June 26–27, 2019, at Tel Aviv–Yafo's Avenue Convention Center. To connect with members of Melissa's global intelligence team outside of FinTech Junction, visit www.melissa.com or call 1–800–MELISSA.

About Melissa
Melissa delivers flexible, real–time technology solutions for identity verification and entity resolution in the card not present space. Since 1985, more than 10,000 global customers including banks, credit unions, mortgage lenders, and payment providers have relied on Melissa to verify an individual's identity, and maintain clean, up–to–date and enriched data assets to deliver outstanding customer experience while minimizing risk and fraud. For more information or free product trials, visit www.Melissa.com or call 1–800–MELISSA (635–4772).

Media contacts

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