NEWS
VPE Bank
first German
bank to launch
cryptocurrency
trading
Orange and Siemens
partner to deliver IoT for
industrial performance
V
PE WertpapierhandelsBank AG (VPE)
has launched regulated cryptocurrency
trading services for institutional investors.
VPE offers best-in-class technology
and possesses a licence from German
financial regulator BaFin (Bundesanstalt
für Finanzdienstleistungsaufsicht) to
offer its customers secure and regulated
cryptocurrency trading services.
“Cryptocurrencies such as Bitcoin, Litecoin,
Ethereum and others have become a
promising asset class in recent years. To date,
trading digital tokens has been restricted to
crypto exchanges and online market places.
We are pleased to be the first German
bank to offer our customers cryptocurrency
trading services,” said Katharina Strenski,
Public Relations Manager at VPE.
As a securities trading bank, VPE has an
impressive trading track record and has
access to the appropriate networks and
technical requirements for processing
individual transactions. VPE also meets all
necessary KYC (Know Your Customer) and
AML (Anti-Money-Laundering) requirements.
The product, which offers automated
cryptocurrency trading, has been developed
in partnership with solarisBank, the first
banking platform with a full banking licence
and with support from leading banking
and legal crypto experts. VPE’s virtual
currency trading account is held in escrow
by solarisBank. Customers will also receive
access to an individual virtual currency
wallet hosted by VPE. This will make trading
fast and simple while ensuring the highest
security standards. “Until now, institutional
investors have faced high entry barriers to
crypto trading. Our cryptocurrency trading
services offer a much more convenient
alternative,” Strenski added.
8
INTELLIGENTCIO
O
range Business Services and
Siemens, the leading factory
automation equipment provider, have
joined forces to drive the adoption of the
Internet of Things (IoT) in the industrial
sector by simplifying integration and
promoting IoT innovation. The initial
focus will be to develop solutions around
asset tracking and asset monitoring to
optimise the supply chain and improve
efficiencies, as well as to develop
digitally-enhanced products to increase
customer satisfaction and create new
business models.
The partnership will help businesses
connect their machines and physical
infrastructure to the digital world,
allowing them to translate the wealth of
data they produce into business results.
Advanced analytics and digital services
will help them increase productivity and
efficiency across their business.
Orange Business Services brings its global
cellular connectivity, consulting, system
integration and application development
skills to the partnership. The alliance is
built around Siemens’ MindSphere, the
cloud-based open IoT operating system,
and Datavenue, the Orange IoT and data
analytics modular offering.
The seamless integration of data
along industrial value chains
Orange Business Services will connect
systems and objects via MindSphere.
Customers have the option of pre-
packaged offerings such as asset tracking,
or customised solutions and applications.
Orange Business Services will initially
provide connectivity components from
Datavenue, including cellular and Low
Power Wide Area (LPWA) networks.
“We are delighted to partner with
Siemens in the MindSphere Ecosystem
in the industrial sector. By combining
our strengths, we are providing industrial
enterprises with new opportunities to
exploit their data and unleash the power
of IoT to drive significant competitive
advantage,” said Olivier Ondet, Senior
Vice President, IoT and Analytics, Orange
Business Services.
The partnership will initially focus on
Europe, starting with solutions to be rolled
out in Germany and Austria.
www.intelligentcio.com