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Showing posts with the label financialtechnology

Lynx Global Subsidiary DA5 Announces Partnership with Globe Telecom's GCash

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Step onto Wall Street with StreetInsider Premium. Request your one-week free trial here. Vancouver, British Columbia - (Newsfile Corp. - June 8, 2021) - Lynx Global Digital Finance Corporation (CSE: LYNX) (OTC Pink: CNONF) (FWB: 3CT0) (“Lynx” or the “Company”) is pleased to announce that declare that its subsidiary Direct Agent 5 Inc. ("DA5") has completed the integration of the GCash e-wallet ("GCash") with the physical location infrastructure of DA5 and each of its two (2) mobile app platforms. According to surveys by 'App Annie', an authority for ranking digital applications (apps) worldwide, GCash is the number one financial app in the Philippines and is one of the top apps in the country for both Android and iOS platforms. As the Philippine news agency announced on February 15, 2021, Mynt, the operator of GCash and a subsidiary of Globe Telecom Inc., said "its registered user base grew to over 33 million by the end of 2020 - 65 percent". ...

The 2021 FTF Awards Winners Unveiled!

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FTF is proud to announce the winners of the 2021 FTF News Technology Innovation Awards competition. The Financial Technologies Forum (FTF) is proud to announce that operational excellence and major achievements in financial technology innovation have increased in 2020, as evidenced by the winners of the FTF News Technology Innovation Awards 2021 competition. Now in its tenth year, the winners of the FTF Awards competition will be announced today June 7th and will be honored for their achievements in a very difficult year of pandemic-related challenges. The FTF Awards break new ground with two non-competitive categories. To recognize the humanitarian efforts of key players in the securities industry, FTFTF The FTF News Philanthropic Award . The first prize winner is the investment bank Jefferies group , who hosted a Global Coronavirus Relief Charity Day in May 2020 and donated $ 9.25 million to more than 85 charities and relief efforts focused on those suffering from the COVID-19 v...

Owl Rock Technology Finance Corp. Prices Public Offering of $300 Million 2.500% Unsecured Notes Due 2027

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NEW YORK , June 7, 2021 / PRNewswire / - Owl Rock Technology Finance Corp. ("ORTF") announced that a signed public offer by $ 300 million with a total nominal amount of 2,500% Notes due 2027. The Notes will be issued on January 15, 2027 and at the option of ORTF, it can be repaid in full or in part at the nominal value plus a “make-whole” premium, if applicable, at any time. SMBC Nikko Securities America, Inc., Deutsche Bank Securities Inc., ING Financial Markets LLC, JP Morgan Securities LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC and Truist Securities, Inc. are acting as joint book-running managers for this offer. The offer is expected to end on June 14, 2021 , subject to customary closing conditions. ORTF expects to use the net proceeds from this offering to pay off its existing debt, including under the underwriting facility due on November 19, 2021 unless extended and / or the Revolving Credit Facility which matures on September 3, 2025. Investo...

China’s tech crackdown is cooling HK’s IPO market

New listings in Hong Kong are at the slowest pace since the aftermath of the global financial crisis as weaker markets and China's crackdown on its largest tech companies cooled sentiment. Only seven companies have gone public in the second quarter so far, on the way to the fewest IPOs since 2009, as Bloomberg data showed. The subdued activity in the second quarter contrasts sharply with the rush to the stock market that was observed last year or even at the beginning of this year. Day one performance also struggled: IPOs last month - including warehouse and distribution company JD Logistics Inc (捷 德 國際 物流) and real estate manager Central China Management Co (中原 建業) - delivered the worst average debut performance in 15 months , the data shown. The slowdown came when China imposed a record fine on Alibaba Group Holding Ltd (阿里巴巴 集團) and ordered 34 of its largest tech companies to correct anti-competitive business practices. As a result, some companies are reluc...

Forward Financing Announces $250 Million Credit Facility to Support Long-Term Growth

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BOSTON , June 7, 2021 / PRNewswire / - Forward Financing, a national provider of revenue-based small business finance, announced that it has: a $ 250 million Credit facility maintained by one of the company's current financiers. Forward funding "This is a huge win for our business and testament to our very strong financial performance in this difficult past year," said Eugene Wong , Vice President Strategy and Finance. "The increased facility gives us the flexible capital we need to grow and expand so we can help the small business economy recover on the other side of the COVID pandemic." Forward Financing provides working capital to underserved small businesses nationwide, many of whom do not have the opportunity to obtain traditional financing such as a bank loan. Forward Financing is dedicated to providing world-class customer service and was recently recognized by the American Business Awards for Best Customer Service Depa...

Financial Technology (FinTech) Market Pricing Strategy, Industry Latest News, Top Company Analysis, Research Report Analysis and Share by Forecast 202...

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The latest research report too Financial Technology Market (FinTech) intends to provide opportunities for companies operating in this industry through detailed analysis of historical data along with the latest developments. The report outlines the profitable strategies of the leading players as prevailing trends and key prospects. The report meticulously describes the growth catalysts and barriers that will affect business dynamics in the 2021-2026 period. In addition, it analyzes the impact of the COVID-19 pandemic on the various regional markets to provide stakeholders with a deeper understanding of the changing landscape. Important highlights of the table of contents: Request a sample copy of this report @ https://www.business-newsupdate.com/request-sample/135730 Product area The range of products in the financial technology (FinTech) market includes P2P lending, crowdfunding, and others. Generated sales and market shares according to product segments Estimated growth rate...

Caizcoin Ready to Create its Own Crypto Ecosystem based on Islamic Blockchain Network

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CHAN, Switzerland , June 5, 2021 / PRNewswire / - This pandemic has seen an unparalleled increase in the number of crypto coins put on the market every day. Commercial and central banks around the world are now using blockchain technology to process payments and issue their digital currencies. Blockchain technology enables cross-border payments that are cheaper and faster compared to conventional systems. Caizcoin is one of those many cryptocurrencies that was developed in Germany but with a unique working model. It was built with the core principle of bringing the Islamic and Western countries together. Caizcoin will soon operate on the world's first Islamic blockchain, providing seamless financial services to Muslims and non-Muslims. Caizcoin isn't just limited to Muslim investors; Everyone can access and benefit from their services. It also offers users quick and affordable money transfers around the world for one minute price. This token is backed by the metal pr...

Huntsman Announces Appointment of Phil Lister as CFO

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Mr. Lister has spent his entire career with Huntsman or its predecessors, beginning in the polyurethane division of Imperial Chemical Industries, which Huntsman acquired in 1999. He brings 25 years of experience and an extensive background in financial planning and operations to this new position. Corporate management and strategic development at division and group level, most recently in his current position as Vice President Corporate Development. As VP, Corporate Development, Mr. Lister successfully completed a number of acquisitions and divestitures that are critical to the implementation of the company's key strategic initiatives. These transactions are worth more than $ 3.5 billion , have led to a significant change in the company's portfolio. "After careful review of both internal and external candidates, we are pleased to announce the appointment of Phil Lister "said Huntsman." As head of M&A, Phil was instrumental in executing the company'...

Brad Hunt Appointed RIMES CEO to Drive the Company’s Lean Data Management Innovation Strategy

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LONDON--( BUSINESS WIRE ) - RIMES, the global leader in managed data services (MDS) for financial institutions, today announced the appointment of Brad Hunt as CEO. The appointment comes as the company accelerates the development of its innovative data management solutions for the wealth management industry. Brad will lead RIMES in expanding its Lean Data Management (LDM) approach to Managed Data Services (MDS) after the company's cloud-based data management solution rollout in April 2021. Based on 30 years of experience with organizations such as the Bank of New York Mellon, IHS-Markit and Goldman Sachs, Brad is a recognized leader in innovative growth companies in the wholesale capital markets, which include electronic commerce, data services and financial technology. He will use this experience to further develop RIMES as the world's leading provider of managed data services for all forms of market and reference data, including benchmark, ETF and ESG data. Brad wi...

ICE Mortgage Technology’s Louis daRosa Named HousingWire Rising Star

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PLEASANTON, California - ( BUSINESS WIRE ) - ICE Mortgage TechnologyTM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that Louis daRosa, vice president of engineering for ICE Mortgage Technology, has joined as one of the rising stars of the housing industry from HousingWire Magazine. Presented in the June 2021 edition of the publication, daRosa is one of the 50 leading companies under 40 on the list that shape the mortgage, real estate and fintech industries. In the eighth year, the Rising Stars 2021 were selected by the HousingWire selection committee based on their professional performance in their organizations, their contribution to the overall housing industry, their public relations, their customer impact and their personal success. Recognized for leading a team of more than 200 engineers delivering the next generation lending platform, daRosa is now supporting the largest c...

EVO To Acquire Payments Gateway Pago Facil

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share Tweet share share share E-mail EVO Payments, which offers payment technology integrations and acquiring solutions, has agreed to acquire Pago Facil, a Chilean e-commerce payment gateway, according to a press release. According to the press release, the takeover will be advanced through an EVO joint venture with Banco de Crédito e Inversiones (BCI) and will expand BCI's integrated payment solutions in the market. This in turn will strengthen EVO's services in the area of ​​acquiring. James G. Kelly, CEO of EVO, said in the press release that Pago Facil “will improve our position in the market by providing us with additional gateway customers to purchase e-commerce referral partner services and integrations in order to ... He added that the acquisition “will bring significant e-commerce expertise in product, technology, sales and support areas. E-commerce h...

Wealth Enhancement Group Announces Acquisition of Hoover Financial Advisors, a Philadelphia-Area RIA with $1.46 Billion in Total Client Assets

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MINNEAPOLIS , June 3, 2021 / PRNewswire / - Wealth Enhancement Group, an independent wealth management company, today announced the acquisition of Hoover Financial Advisors (HFA), an independent hybrid registered investment advisor (RIA) based in Malvern, Pa. that has $ 1.46 billion on all client assets. Upon completion of the transaction, the Wealth Enhancement Group's total client assets are expected to be in excess of $ 34.6 billion . * Jeff Dekko, Chief Executive Officer of the Wealth Enhancement Group, said: "We are excited to welcome Hoover Financial Advisors to our platform. Pete Hoover and the team at HFA have built a formidable company with a strong track record of growth. HFA's holistic approach to meeting customers' long-term planning needs - with a particular focus on financial planning - is a strong example of the right way to maintain meaningful, lifelong customer relationships. We look forward to working with the talented team at HFA to accelerat...

Here’s why this financial technology firm invested in modern data management solution, IT News, ET CIO

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63 Moons, formerly known as Financial Technologies India, provides technology solutions in finance and creates innovative trading platforms. Its flagship securities trading platform, ODIN, holds around 80% of the market share in India. Recently, the technology provider assessed a business need to streamline its data management and improve cybersecurity internally. The company started looking at different solutions and the cloud environment was one of the top priorities. Today, cloud technology has become essential to improve business productivity and optimize costs. Companies in all industries rely on cloud technology to improve their agility, speed, flexibility and scalability. 63 Moons has several important applications such as CRM and ERP in the cloud. So the company was looking for a data management solution that could improve cybersecurity while providing a flexible computing environment in the cloud. “We believe that the greatest threat to data security is an in-house employ...

Energy Sector Illuminates with Technology Advancement and the Emergence of Prosumerism

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In addition, energy storage is fast becoming an important part of prosumerism. The private storage behind the meter continues to grow rapidly, fueled by the value proposition of solar photovoltaics and batteries. Likewise, lowering energy costs by limiting power demand peaks and using monetization options are the most important driving forces behind the introduction of energy storage systems in the commercial and industrial (C&I) segment. More information on this analysis can be found at: http://frost.ly/5ta "Intelligent algorithms that can accurately track and predict energy demand ensure productivity and convenience for utilities and prosumers," said Shrinivas Tukdeo, TechVision Program Manager at Frost & Sullivan. "An automated approach to the management and control of generation, energy storage and consumption on site has enabled an effective optimization of the energy demand of residential buildings and C&I by establishing a bidirectional energy ex...

Carl Data Solutions releases Q3

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VANCOUVER, BC , May 31, 2021 / CNW / - Carl Data Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) ("Carl Data Solutions" or the "Company"), a leading provider of monitoring, reporting and data modeling applications for municipalities and industrial infrastructure customers today released their quarter end financial results and operational highlights March 31, 2021 . The company serves municipal infrastructure customers including the City of Los Angeles , the City of Toronto and industrial infrastructure customers such as Teck Resources Ltd. The company also sells its solutions through integration partners such as AECOM and Kerr Wood Leidal Associates Ltd. These partners and customers rely on Carl Data Solutions to collect, clean, organize, store and analyze time series data in mission critical applications such as Environmental Monitoring as a Service ("EMaaS") for water treatment and air quality. Mastering time series data not only avoids costly do...

BlackRock Innovation and Growth Trust Announces Initial Distribution and Fund Commentary

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NEW YORK--( BUSINESS WIRE ) - The Board of Trustees of the BlackRock Innovation and Growth Trust (NYSE: BIGZ, CUSIP: 09260Q108) (the “Trust”) today announced the Trust's first monthly distribution, payable June 30, 2021. Details are as follows: Declaration date - 06/01/2021 Ex date - 06/14/2021 Set date - 06/15/2021 Due date - 06/30/2021 * Return on IPO price listed above is calculated by dividing the initial monthly payout per share by the trust's IPO price of $ 20.00 per share and annualizing the results. BIGZ is a closed-end fund that seeks a differentiated approach to investing in innovative companies. The trust focuses on small and mid-cap companies where exceptional, multi-year runways can be unlocked for profit growth through innovation. The trust also provides access to private companies and initial public offerings with no performance fees and 1099 tax reports. BlackRock believes that because of its size and close relationships, the trust may have bette...

Senior tech leader at Square, published author, and established engineering mentor to join CommonBond's Board of Directors

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NEW YORK , June 1, 2021 / PRNewswire / - CommonBond, a pioneering young professional fintech company, today announced the addition of Sonali Sambhus to its board of directors. Sonali currently leads the developer platform at Square, where she has also led the company's machine learning and mobile platforms. Sonali's inclusion on the CommonBond Board is in line with the company's strategy of developing world-class products for its primary consumers. "Technology is at the core of what we do and will continue to be central as we move into our next phase of growth," said the CEO and co-founder of CommonBond. David Klein . "Sonali's expertise as a technologist, operator and leader in some of America's most innovative and tech-driven companies makes her a perfect match for CommonBond. We look forward to leveraging her expertise as we scale business with products that continue to resonate with our core customer segment. " Board extension Sonali h...