Are you the publisher? Claim or contact us about this channel


Embed this content in your HTML

Search

Report adult content:

click to rate:

Account: (login)

More Channels


Channel Catalog


older | 1 | .... | 37 | 38 | (Page 39) | 40 | 41 | .... | 69 | newer

    0 0

    Business Wire India

    • Crane leads Series C with support from Microsoft Ventures and current investors
    • Businesses such as Square, Zipcar, and Revolut use Onfido’s identity verification to seamlessly onboard more customers and scale their businesses
    • New funding round enables Onfido’s growth in international markets and new industries, as well as further R&D in machine learning technology
    Identity verification provider Onfido today announces $30M in funding, led by Crane Venture Partners with support from Microsoft Ventures, Salesforce Ventures and other current investors. The funding follows a Series B round of $25M in April 2016, allowing the company to take its identity verification technology global.
     
    With just a photo of an identity document and a selfie, users can now gain access to a host of online platforms such as Square, Zipcar, and Revolut. Onfido’s machine learning technology enables companies to automate checks on over 600 document types across 192 countries, detecting anomalies automatically, and using human experts to verify outliers. This enables high-growth companies to rely on Onfido’s identity verification technology as they scale, seamlessly onboarding more customers while reducing the risk of fraud.
     
    Husayn Kassai, CEO and co-founder of Onfido, stated, “The world is moving online, but the means to carry out identity verification is frozen in time in an offline world. Millions of people who don't have a credit history – or just have a thin one – are unable to access everyday services. With our identity verification technology, those underserved people can access online services they need, and businesses can gain access to a whole new group of trusted customers.”
     
    Kassai continued, “Just as money was required to oil the wheels of commerce in previous centuries, your legal identity is pivotal to enable transactions as we move to a digital world. As identity verification technology continues to evolve, it will become the key to remotely unlocking a huge range of products globally, from banking and travel services through to voting and healthcare.”
     
    This latest round brings Onfido’s funding to over $60M to date, including previous investment from Wellington Partners, Idinvest, and CrunchFund. The new funding will primarily be channelled into research and development in machine learning technology, and to meet increasing customer demand in the US and other international markets.
     
    Scott Sage, Partner at Crane, explained, “We invest in companies that have an ‘unfair advantage’ in data. Onfido has proven itself with incredible traction in Europe and strong demand in the US for its identity verification technology today. Onfido has one of the strongest machine learning teams we’ve come across from all over Europe, and we’re excited to see how they continue to combine data, image verification and fraud prevention technologies to enable businesses to scale efficiently and safely.”
     
    Onfido, headquartered in London, has offices in San Francisco, New York, Lisbon and New Delhi. Founded in 2012, the identity verification company has grown from 25 to 150 employees in just over 2 years, while growing revenue 5x annually for the past three years.
     
    “Smartphones are pervasive, powerful tools for accelerating the adoption of identity verification processes,” said Itxaso del Palacio, investment partner, Microsoft Ventures. “Onfido’s reliable and scalable intelligent services are helping millions of unbanked people worldwide access financial services by allowing them to open bank accounts, be verified for a job and more with the touch of a button. We’re proud to support its efforts with our investment.”
    About Onfido
     
    Onfido builds trust in an online world by helping businesses digitally verify people’s identities. Using machine learning technology, Onfido validates a user’s identity document and compares it with their facial biometrics. The identity can then be cross-referenced against international credit and watchlist databases. Founded by three entrepreneurs from Oxford University, Onfido has received over $60m in funding from investors including Salesforce Ventures and Idinvest Partners. Onfido carries out checks in 19 countries for global customers including Zipcar, Couchsurfing, Revolut and Square.
     
    www.onfido.com
    www.facebook.com/onfido
    www.twitter.com/onfido
     
    About Crane
     
    Crane builds data, enterprise and deep technology companies alongside Europe’s most ambitious founders. Based in London, Crane’s Partners have invested and scaled businesses across the US, Asia and every major hub in Europe. Over the last year, Crane has made a dozen investments into European based enterprise startups.
     
    About Microsoft Ventures
     
    Microsoft Ventures is the corporate venture arm of Microsoft, (NASDAQ “MSFT” @microsoft) the leading platform and productivity company for the mobile-first, cloud-first world. Microsoft Ventures partners with visionary entrepreneurs looking to drive digital transformation. As part of its promise to portfolio companies, Microsoft Ventures offers unrivaled access to go-to-market resources and strategic relationships globally. Microsoft Ventures currently operates in London, New York, San Francisco, Seattle and Tel Aviv. Learn more here.

    0 0

    Business Wire India

    Creative Artists Agency (CAA), the world’s leading entertainment and sports agency, announced that Temasek, the Singapore-headquartered investment company with a net portfolio value of close to US$200 billion and significant experience in the media and technology sector, has made an investment in CAA. The strategic investment will be used as capital to further CAA’s tremendous growth, including through acquisitions, and follows this year’s investment by China’s leading media and entertainment fund, CMC, alongside Fubon Group, including Taiwan Mobile. TPG Capital retains its majority position in CAA.

     

    “As one the most successful and sophisticated investors in the world, Temasek provides an extraordinary level of insight and resources as we continue to provide the best opportunities for the company and our clients,” said CAA President Richard Lovett. “Today’s announcement speaks to the incredible growth and relentless innovation across all areas of the agency. We have a combination of partners that provide global firepower for our continued success.”

     

    Temasek has considerable experience in the telecommunications, media and technology sector, with portfolio companies including Alibaba Group and Airbnb, among others.

     

    The market leader across film, television, music, sports, and other areas of representation, CAA was the first agency to build a sports business, create an investment bank, launch a venture fund, found technology start-up companies, and establish a business in China, among other industry innovations.

     

    CAA Sports is the preeminent athlete representation firm in the world, with more than 1,000 individual athlete, broadcaster and coaching clients and double the on-field contract value of the next closest agency. The firm’s sports business also advising on more than $2.7 billion in sponsorship rights deals for premier consumer brands, negotiating more than $3.7 billion in precedent-setting property sales deals, and managing more than $37 billion in media rights transactions.

     

    CAA’s merchant bank, Evolution Media, represents the buyers or sellers of numerous professional sports franchises; raises capital or structured debt financing for entertainment entities; and manages investment vehicle Evolution Media, alongside TPG Growth and Participant Media.

     

    Through its strategic marketing and consulting practices, CAA advises blue-chip consumer brands, including JP Morgan Chase, Intel, Bose, KPMG and IMAX, among others.

     

    Building off of 12 years of success in the Chinese market, CAA recently formed CAA China in partnership with CMC to expand opportunities for the agency and clients in the fast-growing region. In addition to CAA’s longtime representation of top Chinese talent and leadership in film finance, the combined expertise and resources will create new businesses ranging from talent representation, endorsements, and sports, to digital media, music, and original content production.

     

    About Creative Artists Agency

     

    Leading entertainment and sports agency Creative Artists Agency (CAA) represents many of the most successful professionals working in film, television, music, theatre, video games, sports, and digital content, and provides a range of strategic marketing and consulting services to corporate clients. CAA is also a leader in sports, representing more than 1,000 of the world’s top athletes in football, baseball, basketball, hockey, soccer, tennis, Olympics and action sports, and golf, and works in the areas of broadcast rights, corporate marketing initiatives, licensing, and sports properties for sales and sponsorship opportunities.

     

    About Temasek

     

    Incorporated in 1974, Temasek is an investment company headquartered in Singapore. Supported by 10 offices globally; including New York and San Francisco in the U.S., London in Europe, Beijing in China, and Mumbai in India, Temasek owns a S$275 billion (US$197b) portfolio as at 31 March 2017, mainly in Singapore and the rest of Asia. Temasek's portfolio covers a broad spectrum of industries: financial services; telecommunications, media & technology; transportation & industrials; consumer & real estate; life sciences & agriculture; as well as energy & resources. Its investment activities are guided by four investment themes and the long term trends they represent: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. Temasek's current and prior investments in the U.S. include Airbnb, Ancestry.com, Classpass, Dell Technologies, Intapp, Internet Brands, Jasper, Soundcloud, Sprinklr, Univar, Verily Life Sciences, Virtu Financial and Wish. For more information, visit www.temasek.com.sg.

     

     

     

     

     

     

    0 0

    Business Wire India

    Andersen Global is proud to announce the establishment of a Senior Advisory Council, a group of ten diverse Partners and Managing Directors from member firms and collaborating firms around the world who will work alongside Global Chairman and Andersen Tax LLC CEO, Mark Vorsatz. Andersen Global is an international association of member firms comprised of tax and legal professionals around the world. The Senior Advisory Council was implemented as part of the overall structure that will support the global organization as it continues to expand. The Council’s primary responsibility will be to provide input to the firm’s leadership group, drawing from their experiences at Andersen as well as other professional service firms.

     

    The Council will consist of the following individuals:

     
    • Rubens Branco, Managing Partner at Branco Consultores in Brazil (Rio De Janeiro)
    • Stephen Corrick, Practice Director at Andersen Tax LLC (West Palm Beach)
    • Miguel Gordillo, Of Counsel at Andersen Tax & Legal in Spain (Madrid)
    • Luis Nobre Guedes, Managing Partner of Andersen Tax & Legal in Portugal (Lisbon)
    • Michael Hirschfeld, Managing Director in U.S. National Tax (New York)
    • Stefan Kraus, Managing Partner of Andersen Tax & Legal in Germany (Cologne)
    • José Luis Montes, Office Managing Partner of Andersen Tax & Legal in Mexico (Guadalajara)
    • John Niemann, Managing Director at Andersen Tax LLC (Houston)
    • Cesar Rivera Botello, Partner at Rivera, Bolivar y Castañedas (Panama)
    • Michelle Ventress, General Counsel and Corporate Secretary to Andersen Tax LLC (Chicago)

    “The objective of the Senior Advisory Council is to draw upon the vast experience of some of our most Senior Partners in the firm. I am pleased to have the opportunity to take full advantage of receiving ‘best practices’ and advice from these Partners, many of whom have had various responsibilities in different organizations,” said Mark Vorsatz. “I have the utmost confidence in this group to help tackle any issues we may face and to deliver outstanding advice during this period of immense growth.”

     

    Established in 2014 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 2,200 professionals worldwide and a presence in over 70 locations through its member firms and collaborating firms.

     

     

    0 0

    Business Wire India

    (L-R) Mr. Vikram Pawah, President, BMW Group India and Mr. Vishal Agarwal, Managing Director, Bavaria Motors at the launch of Bavaria Motors in Aurangabad.
    (L-R) Mr. Vikram Pawah, President, BMW Group India and Mr. Vishal Agarwal, Managing Director, Bavaria Motors at the launch of Bavaria Motors in Aurangabad.

    BMW India announced the opening of Bavaria Motors - its new fully fledged (4S) dealership in Aurangabad.
     
    The new Bavaria Motors facility is located at Chikhalthana Aurangabad. The dealership is headed by Mr. Vishal Agarwal, Managing Director, Bavaria Motors.
     
    Mr. Vikram Pawah, President, BMW Group India said, “Following the vision of Power to Lead BMW India continues to be a value-driven, customer focused organisation, with a clear goal to set a benchmark in the Indian Automotive Industry. BMW India has set a decisive course in India by setting up BMW dealerships of international standards across all important commercial centers of the country. With the launch of Bavaria Motors Aurangabad – our 42nd dealership in India, we will continue to set new standards in the premium car market in Maharashtra and provide high quality services to our customers and prospects.”
     
    Spread over approximately 20,000 sq. ft., the ultra-modern fully fledged facility of Bavaria Motors Aurangabad delivers extremely high quality standards in all processes of Sales, Service, Spare-parts and Business Systems to ensure that customers receive best-in-class pre and post sales ownership experience.
     
    Mr. Vishal Agarwal, Managing Director, Bavaria Motors said, “Our partnership with BMW India started more than 10 years ago. We are very proud of the growth that we have experienced with BMW India and will always be committed to delivering the best to our premium clientele in every possible way. With the launch of Bavaria Motors Aurangabad, we will get the opportunity to reach out to more valued customers in the city. We are fully committed to our partnership with BMW India and look forward to provide high quality services to our clientele in Aurangabad.”
     
    The design of the showroom is based upon Urban Street Display concept which is a signature BMW layout with sales lounges close to the display area. The showroom will display 3 cars. The ‘Lifestyle Section’ displays premium BMW accessories for sale to customers and BMW fans. The state-of-the-art workshop comprises of 6 service bays (including mechanical, body and paint) that can service up to 360 cars per month.
     
    As with every other BMW dealership, Bavaria Motors has provided its staff intense training in management of sales, service, spare parts and business systems to ensure customers receive best-in-class pre and post sales ownership experience. A team of service engineers has also been trained at BMW’s training centers in Gurugram, Singapore, Malaysia and Germany.
     
    Bavaria Motors also represents BMW India with two more sales outlets in Pune and Goa. Bavaria Motors is also an authorized dealer for BMW Motorrad in Pune. It has staffed with a strong workforce of over 250 employees across all its facilities.
     
    BMW Group India
     
    With BMW, MINI and Motorrad, the BMW Group has its sight set firmly on the premium sector of the Indian automobile market. Along with automobiles and motorcycles, the BMW Group's activities in India comprise of financial services for its premium clientele. Till date, BMW Group has invested INR 12.5 billion (€ 182.5 million) in its subsidiaries in India. (BMW India – INR 5.2 billion (€ 72 million) and BMW Financial Services India – INR 7.3 billion (€ 110.5 million).
     
    BMW India is a 100% subsidiary of the BMW Group and is headquartered in Gurgaon (National Capital Region). The wide range of BMW activities in India include a manufacturing plant in Chennai, a parts warehouse in Mumbai, a training centre in Gurgaon NCR and development of a dealer organisation across major metropolitan centres of the country.
     
    BMW Plant Chennai started operations on 29 March 2007. The BMW Plant Chennai locally produces the BMW 3 Series, the BMW 3 Series Gran Turismo, the BMW 5 Series, the BMW 7 Series, the BMW X1, the BMW X3 and the BMW X5. BMW Plant Chennai will start the local production of the BMW 6 Series Gran Turismo in 2018.
     
    BMW dealerships also display the BMW X6, the BMW Z4, the BMW M3 Sedan, the BMW M4 Coupe, the BMW M5 Sedan, the BMW M6 Gran Coupe, the BMW X5 M, the BMW X6 M and BMW i8 which are available in the country as Completely Built-up Units.
     
    The total number of employees at BMW Group India is over 650. More than 3,000 additional jobs have been created in the dealer and service network.
     
    BMW India is the pioneer in bringing luxurious dealerships to India. BMW India has set a decisive course by setting up BMW dealerships of international standards across the country. BMW India has also set very high standards in service quality and customer care. Currently, BMW India has 42 sales outlets in the Indian market.
     
    BMW India offers ‘BMW Premium Selection’ with the finest range of pre-owned BMW vehicles that are carefully selected and comprehensively examined for quality. BMW Premium Selection vehicles can be ordered through BMW Premium Selection dealerships at 13 locations in the Indian market.
     
    BMW i stands for visionary electric cars and mobility services, inspiring design and a new understanding of premium that is strongly defined by sustainability. BMW i8, plug-in hybrid sports car, is available at four BMW i dealerships as a Completely Built-up Unit (CBU).
     
    BMW Motorrad officially started its operations as a part of the Indian subsidiary of BMW Group in 2017. Earlier, BMW Motorrad was operating in India with importers who had sales outlets in Mumbai and New Delhi. Presently, BMW Motorrad is in the process of setting up the team and dealer network in India. In the initial phase, BMW Motorrad has set up dealerships in Ahmedabad, Bangalore, Mumbai and Pune. BMW Motorrad dealerships will display Sport- S 1000 RR, BMW R 1200 RS, Adventure –BMW R 1200 GS, BMW R 1200 GS Adventure, BMW S 1000 XR, Roadster – BMW S 1000 R, BMW R 1200 R, Heritage – BMW R nineT, BMW R nineT Scrambler and Tour – BMW R 1200 RT, BMW K 1600 GTL which are available as Completely Built-up Units (CBU).
     
    MINI has successfully established itself as a premium small car brand in India. Presently, the MINI model range in India includes the MINI 3-door, MINI 5-door, MINI Convertible, MINI Countryman and the MINI Clubman. MINI has established five sales outlets in India.
     
    The International Purchasing Office (IPO) established in Gurgaon identifies and assesses potential suppliers for BMW, MINI, and BMW Motorcycles taking into account BMW Group’s requirements for quality, technology and logistics. The IPO strongly focuses on facilitating the sourcing of production material (components) as well as IT and engineering services from India to the BMW Group international production network.
     
    BMW Financial Services India is a 100% subsidiary of the BMW Group and is headquartered in Gurgaon (National Capital Region). BMW Financial Services India operates with three business lines: Retail Finance, Commercial Finance and Insurance Solutions (as corporate agents). The services offered through BMW Financial Services India are significantly valuable to the premium clientele of BMW, MINI and Motorrad who require exclusive and flexible financial solutions. Service excellence is the primary focus of operations across all business lines.
     
    BMW Financial Services India offers solutions for retail automobile financing for BMW customers and multi make customers, financing for fleet owners and commercial financing for BMW dealerships and multi-make dealerships. Commercial finance solutions offered to BMW India dealerships further strengthen operations in the country and reinforce the BMW brand. BMW Financial Services India also offers BMW Lease for individuals and corporate customers. BMW Financial Services India offers insurance solutions (as corporate agents) to its customers through its cooperation partner in India.The BMW Group
     
    With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. As a global company, the BMW Group operates 31 production and assembly facilities in 14 countries and has a global sales network in more than 140 countries.
     
    In 2016, the BMW Group sold approximately 2.367 million cars and 145,000 motorcycles worldwide. The profit before tax was approximately € 9.67 billion on revenues amounting to € 94.16 billion. As of 31 December 2016, the BMW Group had a workforce of 124,729 employees. The success of the BMW Group has always been based on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy.

    Internet: www.bmw.in
    Facebook: https://www.facebook.com/bmwindia
    Twitter: https://twitter.com/bmwindia
    BMW Financial Services India https://www.youtube.com/user/bmwindia
    Instagram: https://www.instagram.com/bmwindia_official

    0 0

    Business Wire India

    Moody’s Analytics has won three categories and placed #5 overall in the 2017 Asia Risk Technology Rankings. This is the second straight three-win performance by Moody’s Analytics in these prestigious annual rankings. This year, the company topped the IFRS 9, Regulatory Capital Calculation and Management, and Asset & Liability Management categories.

     

    Risk management professionals in banks, hedge funds, pension funds, and corporate treasuries voted on the Asia Risk Technology Rankings.

     

    “We are thrilled to be recognized again as a leading provider of risk and capital management solutions by the readers of Asia Risk,” said Noah Berliner, Managing Director at Moody’s Analytics. “Our clients across the Asia-Pacific region continue to use Moody’s Analytics solutions to improve their overall risk management strategies. I am especially proud that this year we were recognized for our work in helping clients meet their IFRS 9 requirements.”

     

    This year, Asia Risk introduced its first IFRS 9-focused ranking and its readers selected Moody’s Analytics as the leading provider. This recognition reflects the company’s ability in helping clients prepare to comply with the new accounting standard. Whether firms need better data, new forward-looking models, economic forecasting, end-to-end process management tools, advisory services, or a combination of all these elements, Moody’s Analytics can tailor solutions to meet our clients’ unique business needs.

     

    RiskAuthority™ software earned Moody’s Analytics first place in the Regulatory Capital Calculation and Management category. Banks use RiskAuthority software to calculate, consolidate, and report on credit, market, operational, concentration, and liquidity risk. Banks also rely on RiskAuthority software to calculate capital, leverage, and liquidity ratios quickly and accurately in order to meet Basel directives and national regulatory requirements.

     

    Asia Risk readers also selected Moody’s Analytics for the top spot in the Asset & Liability Management (ALM) category on the strength of the Moody’s Analytics RiskConfidence™ solution. By delivering integrated enterprise balance sheet management, the RiskConfidence ALM system helps banks manage interest rate and liquidity risk and analyze cash flows. Banks can also use the RiskConfidence ALM system to determine impairments of financial assets under IFRS 9.

     

    “Being able to manage risk and make accurate forward-looking assessments about your portfolio is more important than ever,” said Blake Evans-Pritchard, Deputy Bureau Chief of Risk.net in Hong Kong. “We are pleased to recognize the excellent performance of Moody’s Analytics in the Asia Risk Technology Rankings.”

     

    These wins add to the expanding list of industry awards won by Moody’s Analytics. View a complete list on the Moody’s Analytics website.

     

    Click here for more information about the 2017 Asia Risk Technology Rankings.

     

    About Moody’s Analytics

     

    Moody’s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research, and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue of $3.6 billion in 2016, employs approximately 11,500 people worldwide and maintains a presence in 41 countries. Further information is available at moodysanalytics.com.

     

     

     

     

    0 0

    Business Wire India

    FINEOS Corporation, a market leading provider of core systems for Life, Accident and Health insurance, announced that it has been named as a Top Ten Claims Processing and Management Solution Provider by Insurance CIO Outlook.

     

    FINEOS Claims is a best in class, customer-centric, web-based claims processing software solution. Used globally by over 50 insurance organizations, FINEOS Claims supports claims for both group and individual business on a single platform. It has been deployed by carriers of all sizes, from small departmental claims teams to large teams with thousands of users and millions of claims. The full article which appears in CIO Outlook is available here.

     

    Michael Kelly, CEO, FINEOS said, “As the leading claims solution in the Life, Accident and Health marketplace, we are delighted to have FINEOS Claims acknowledged in this list of leading solution providers across all insurance lines. We believe claims processing represents a great, still under-exploited opportunity to improve business performance and achieve customer service excellence and constantly strive to achieve our vision of a world where protection from injury, illness and loss is accessible to everyone.”

     

    FINEOS is a global market leader in core systems with customers in nine countries and has been chosen by 8 of the top 20 Group Life, Accident and Health insurers in the US and 4 of the top 5 Life, Accident and Health insurers in Australia. FINEOS has many years’ experience working with insurers in North America, Europe, and Asia Pacific.

     

    About FINEOS Corporation

     

    The FINEOS flagship product, FINEOS AdminSuite, is a cloud based core product suite for Life, Accident and Health carriers. FINEOS AdminSuite delivers full service Policy, Billing, and Claims, providing best-in-class functionality for Group, Voluntary, and Individual administration on a single platform, while also supporting self-admin, full-admin, and TPA assist models. FINEOS delivers innovative core systems to a global market and has customers, employees, and established bases in North America, Europe, and the Asia Pacific markets. For more information, visit www.FINEOS.com.

     

    ###

     

     

     

     

    0 0

    Business Wire India

    Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to Property and Casualty (P&C) insurers, today announced it is teaming with Salesforce to bring to market a new solution to deliver CRM optimized for the unique needs of P&C insurance. The solution will empower insurers to better engage with their customers, partners, and employees. Guidewire is also joining the Salesforce AppExchange, the world’s leading enterprise apps marketplace.

     

    Guidewire and Salesforce customers will benefit from this collaboration through a series of cloud-based products starting with a consistent and integrated 360-degree view of their customers across the two platforms. These products are currently under development.

     

    Insurers in today’s era of engagement strive to do all they can to improve the experiences of their agents, service representatives and most importantly their customers. Having a 360-degree view of their customer is a critical component and serves as a foundation for future joint capabilities such as optimizing leads, increasing customer retention, and running customer-centric operations. Bringing together the strengths of the #1 CRM platform and Guidewire’s industry platform for high-quality insurance experiences, operations, and data will provide a new Guidewire CRM solution optimized for the unique needs of P&C insurance and empower insurers to meet heightened customer expectations.

     

    “We are excited to align with Guidewire and highly respect their global expertise in the P&C insurance industry. By leveraging the power of the Salesforce Platform, Guidewire will deepen the industry specific CRM capabilities the competitive insurer requires, offering a 360-degree view of their customers,” said Rohit Mahna, SVP & GM Financial Services, Salesforce.

     

    "Insurers are embracing the importance of customer centricity and front-office digital enablement more than ever," said Marcus Ryu, Chief Executive Officer, Guidewire Software. "In service of these initiatives, we are excited to collaborate with Salesforce, a formidable authority in cloud-based CRM. Productizing the integration between our platforms will help insurers transform the distribution and service of their products, to the benefit of both their businesses and their policyholders."

     

    Salesforce, AppExchange and others are among the trademarks of salesforce.com, inc.

     

    About Guidewire Software

     

    Guidewire delivers the software that Property and Casualty (P&C) insurers need to adapt and succeed in a time of rapid industry change. We combine three elements – core processing, data and analytics, and digital engagement – into a technology platform that enhances insurers’ ability to engage and empower their customers and employees. More than 300 P&C insurers around the world have selected Guidewire. For more information, please visit www.guidewire.com. Follow us on twitter: @Guidewire_PandC.

     

    NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire PolicyCenter, Guidewire BillingCenter, are registered trademarks of Guidewire Software, Inc. in the United States and/or other countries.

     

     

    0 0

    Business Wire India

    Murex, a global leader in cross-asset trading, risk management and post-trade solutions, is pleased to announce that it has been voted Overall Number One technology provider in Asia Risk Magazine’s Technology Rankings for the fifth consecutive year.

     

    The Asia Risk Technology Ranking winners were announced following the results of Asia Risk’s annual survey of capital markets participants. Showcasing the industry’s preferred technology in risk management and derivatives trading, these prestigious awards represent a vendor’s ability to innovate, stay ahead of market demands and perform consistently in the APAC region.

     

    Placing first in a total of 18 categories, Murex’s MX.3 solution continues to showcase best practices across a number of business functions. In addition to being named Overall Number One Technology vendor, Murex topped two other categories and was voted Overall Winner for ‘Risk Management’ and Overall Winner for ‘Derivatives Pricing & Risk Analytics’. Murex won 15 subcategories including FRTB, interest rates, and XVA Management.

     

    “Since entering the Asia Pacific market over 20 years ago, Murex has gone from strength-to-strength as reflected in the strong ongoing support of the market and the recent award winning streak. The Asia Pacific region is a strategic market for Murex, and we are thrilled that our clients in the region have recognized the work and commitment of our teams. With the capital markets industry providing customers with new and unpredictable regulatory challenges, we will continue to create solutions to support our clients in achieving their business objectives” commented Guy Otayek, CEO of Murex Asia Pacific.

     

    -END-

     

    About Murex (www.murex.com)

     

    For more than 30 years, Murex has been providing enterprise-wide, cross-asset financial technology solutions to capital markets players. Its MX.3 platform supports trading, treasury, risk and post-trade operations, enabling clients to better meet regulatory requirements, manage enterprise-wide risk, and control costs. With more than 45,000 daily users in 65 countries, Murex has clients in many sectors, from banking and asset management to energy and commodities.

     

    Murex is an independent company with 2,000 employees across 17 countries. Murex is committed to providing cutting-edge technology, superior customer service, and product innovation.

     

     

     

     

    0 0

    Business Wire India

    MobiKwik has partnered with Reliance Infrastructure-led Mumbai Metro One for digital ticketing
    MobiKwik has partnered with Reliance Infrastructure-led Mumbai Metro One for digital ticketing

    Indian Mobile Wallet Major, MobiKwik has partnered with Reliance Infrastructure-led Mumbai Metro One for digital ticketing. The tie-up enables purchase of tickets and recharging metro cards on the go, seamlessly within seconds. MobiKwik has introduced a metro section in its app for seamless recharge and ticket bookings.

    Under the metro section on MobiKwik app, commuters can recharge their metro cards in just 2 steps, by entering their Metro card number and the amount. The process can be completed under 10 seconds.  Mumbai Metro has 12 stations under its route in operation.

    Speaking on the launch, Vineet Singh, Chief Business Officer at MobiKwik said, “Further speeding the journey of Mumbai Metro’s commuters, MobiKwik is offering in app card recharges and QR code token payments at all metro stations. We are very excited at the prospect of being a part of over 3.9 lakh Mumbaikars’ lives every day and in partnering with Mumbai Metro to provide its commuters a seamless journey.”

    A Mumbai Metro One spokesperson said, “We are living in times when innovative use of digital technology can help a customer-centric transport utility like Mumbai Metro One make the life simpler and more convenient for its commuters. We at Mumbai Metro One continuously strive to make the 21- minute journey more pleasurable for our commuters through innovations. We are proud to announce our tie-up with MobiKwik for seamless recharge and ticket bookings.”

    Last quarter, MobiKwik had announced its partnership with Mumbai’s famed kaali-peeli ride-hailing app, “Aamchi Drive”, as its official wallet partner. The tie-up came as a boon for customers, enabling them use the app swiftly and securely for their journey. The wallet major has also partnered with BEST for booking of tickets.

    The foray of MobiKwik into the travel space comes against the backdrop of significant rise of business in the online travel market, thanks to millennial and the digital India initiative driven by Prime Minister. According to Internet and Mobile Association of India, online travel market was estimated to be over $10 billion.About MobiKwik

    MobiKwik is named to reckon with in the fast-growing mobile wallet market space in India today. It has a network of over 20,00,000 direct merchants and 65 million plus users. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised four rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments Net1 and Bajaj Finance.

    The company has offices in New Delhi, Mumbai, Bangalore, Pune and Kolkata. MobiKwik aspires to be the largest source of digital transactions in India. It is powering e-payments for Bhopal Plus, Bangalore One, GSRTC, Amul, Verka, Mother Dairy, Safal, NHAI, Bharat Petroleum, Indian Oil, Amul, Verka, IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Dominos, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, Nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip. The company has tied up with BSNL to create co-branded mobile wallet for their 120 million customers.
     
    About Mumbai Metro One

    Mumbai Metro One Private Limited (MMOPL), is a Special Purpose Vehicle (SPV) created to develop, implement and operate Mumbai’s first Metro Line, on a Public Private Partnership (PPP) model. It is a consortium formed by Reliance Infrastructure Limited, MMRDA and Veolia Transport SA of France with 69%, 26% and 5% stakes respectively. The 11.40 km long Versova-Andheri-Ghatkopar corridor that provides connectivity between Western and Eastern Mumbai was awarded to MMOPL for the Concession period of 35 years. The corridor has 12 stations and has reduced the travelling time of Mumbaikars from 90 minutes to 21 minutes.

    0 0

    Business Wire India

    Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) is calling for funding proposals under PMI IMPACT, its USD 100 million global initiative to support third party projects dedicated to fighting illegal trade. Proposals can come from private, public, or non-governmental organizations, and interested organizations must submit their applications by November 15, 2017.

     

    For this second funding round, PMI IMPACT will focus on initiatives that address converging forms of illegal trade and related crimes, such as corruption, money laundering, and organized criminal networks.

     

    The projects can be implemented anywhere in the world, but should have an impact in one or more of these geographic areas: Eastern Europe, Middle East, North Africa, Tri-Border Area in South America, Central America, South and Southeast Asia.

     

    As highlighted by expert speakers from public institutions, law enforcement, the private sector, and civil society at a two-day conference on Combating Illicit Trade, held in London earlier this week with the support of PMI IMPACT, illegal trade takes many forms – ranging from the smuggling and counterfeiting of goods to human trafficking, and the trade in drugs, arms, and wildlife. Illegal activities are frequently interlinked and converge, as criminals exploit the same large-scale trafficking routes and modes of operation.

     

    The PMI IMPACT Expert Council will review and select the projects for funding.

     

    “We are looking forward to receiving cutting-edge proposals that will help private and public organizations improve their knowledge and efficiency in the fight against this growing concern worldwide" stated Alain Juillet, member of the PMI IMPACT Expert Council.

     

    Interested organizations can find information on how to apply for the second funding round of PMI IMPACT here.

     

    Philip Morris International Inc.

     

    PMI is a leading international tobacco company, with six of the world's top 15 international brands and products sold in more than 180 markets. In addition to the manufacture and sale of cigarettes, including Marlboro, the number one global cigarette brand, and other tobacco products, PMI is engaged in the development and commercialization of reduced-risk products (“RRPs”). RRPs is the term PMI uses to refer to products that present, are likely to present, or have the potential to present less risk of harm to smokers who switch to these products versus continued smoking. Through multidisciplinary capabilities in product development, state-of-the-art facilities, and industry-leading scientific substantiation, PMI aims to provide an RRP portfolio that meets a broad spectrum of adult smoker preferences and rigorous regulatory requirements. For more information, see www.pmi.com and www.pmiscience.com.

     

     

     

     

    0 0

    Business Wire IndiaWNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced it will release its fiscal 2018 second quarter financial and operating results at approximately 6:00 a.m. Eastern on Friday, October 27, 2017.  The earnings date has been moved this quarter to accommodate the Diwali holiday season in India.
     
    Following the release, WNS management will host a call on October 27, 2017 at 8:00 a.m. Eastern. Chief Executive Officer, Keshav Murugesh, Chief Financial Officer, Sanjay Puria and Chief Operating Officer, Ronald Gillette will review the results of the fiscal 2018 second quarter ended September 30, 2017 on the teleconference.
     
    To participate in the call, please use the following details: +1-888-656-9018; international dial-in +1-503-343-6030; participant passcode 92434435.
     
    A replay will be available for one week following the call at +1-855-859-2056; international dial-in +1-404-537-3406; passcode 92434435, as well as on the WNS website, www.wns.com, beginning two hours after the end of the call.
    About WNS

    WNS (Holdings) Limited (NYSE: WNS), is a leading global business process management company. WNS offers business value to 300+ global clients by combining operational excellence with deep domain expertise in key industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics, Healthcare and Utilities. WNS delivers an entire spectrum of business process management services such as finance and accounting, customer care, technology solutions, research and analytics and industry specific back office and front office processes. As of June 30, 2017, WNS had 34,789 professionals across 52 delivery centers worldwide including China, Costa Rica, India, Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, United Kingdom and the United States. For more information, visit www.wns.com.
     
    Safe Harbor Provision

    This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

    0 0

    Business Wire India

    • Wadhawan Global Capital (WGC) is a leading financial services group currently having USD 20 Billion assets under management
    • WGC today operates various businesses that are pioneers in lending, investments, protection with presence in India and Europe
    • Wealth management will be another step for WGC in creating an integrated platform serving the financial services needs of the discerning customer 
    Wadhawan Global Capital (WGC), one of India’s leading financial services institutions, today announced its foray into private wealth management and joined hands with industry veteran Atul Singh, who will head the business. WGC’s strategic goal of creating an integrated financial platform for lending, protection, asset management and private wealth will see fruition with this step.
     
    Commenting on this occasion WGC Chairman Mr. Kapil Wadhawan said, “Today the Indian economy is on the cusp of a unique growth story and the number of wealthy Indians are on the ascend. Additionally, global players are also looking at investing in the India opportunity. This makes private wealth management business an inevitable opportunity for us to add to our integrated financial services platform. I take this opportunity to welcome Atul as head of the wealth management business with nearly two decades of rich experience in working with some of the most respected private banks and wealth managers around the globe, Atul brings deep understanding of building this sophisticated business through quality research, trusted advice and transparent relationships.”
     
    WGC is one of India’s leading financial services institutions with over USD 20 billion assets under management. It is the parent company to some of the trusted brands in India such as DHFL that is a market leader with three decades of experience in financing affordable housing, Aadhar Housing Finance, Avanse Financial Services, DHFL Pramerica Life Insurance, DHFL Pramerica Asset Managers and DHFL General Insurance. The Wealth management business of the Group will reach out to the entire spectrum of HNI and another category of potential audiences.

    On taking up this new responsibility, Atul Singh said, “I’m delighted to be joining WGC Group that has been part of India’s valuable financial services journey for the past three decades. We look forward to creating a unique yet dominant market leadership position in wealth management business for the discerning India that today has few of the best wealth creators both new and across generations. Moreover, with a structural shift towards Financial Savings for Indian households, this presents a multi-decade opportunity, and with WGC group’s wide ranging capabilities and footprint, we would be well placed to capture it.”    

    Over the course of his eighteen-year career, Atul Singh has experience of working with some of the most respected private banks in the world. His last assignment was with Julius Baer as CEO of India. Atul also held leadership positions in Merrill Lynch’s India and Singapore businesses and Booz Allen Hamilton in New York.  

    WGC Chairman Kapil Wadhawan further added, “Formed in 1984, this organization is committed to our founder’s vision of democratizing finance and realizing the transformative power of inclusive growth. We are continuously evaluating and incubating new opportunities in the BFSI sector and combine years of learning with measured risk-taking in a strategic mix of mature and growing businesses.”

    About WGC

    Wadhawan Global Capital (WGC) is one of the leading financial services group. WGC manages US$ 20 billion of assets through its Lending, Investment and Insurance platforms. WGC has partnered with leading financial institutions such as International Finance Corporation (IFC), Washington, Prudential Financial Inc., United States, Asian Development Bank and Korea Development Bank.
     
    WGC is the parent company for some of the prominent brands in India such as Dewan Housing Finance Limited (DHFL) which is a market leader with three decades of experience in financing affordable housing, Aadhar Housing Finance, Avanse Financial Services, DHFL Pramerica Life Insurance, DHFL Pramerica Asset Managers and DHFL General Insurance.

    0 0

    Business Wire India

    • Customers stand a chance to win cars, bikes and gold vouchers
    • This special festive season campaign is running till 20th Oct
    This festive season, Bajaj Finserv has rolled out fabulous rewards and exciting gifts for all its customers shopping through their no cost EMI financing option. Through its lending arm, Bajaj Finance Ltd. - India’s most diversified financial company, Bajaj Finserv is offering the customers a chance to win rewards ranging from cars, bikes and gold vouchers amongst others. This festive season offer is valid till Oct 20th.

    In addition to the festive bonanza, Bajaj Finserv has also introduced a pre-approved loan eligibility calculator wherein customers can check the available loan amount through company’s website by filling their basic details, thus making the loan process easier.

    During the campaign period, the overall highest spenders stand a chance win 12 cars. Also, the highest spenders in individual categories like consumer durables, digital products, furniture & lifestyle products and lifecare facilities like cosmetic surgery stand a chance to win bikes and gold vouchers.

    Consumers can purchase from categories like Smartphones, LED TVs, Refrigerator, Air conditioners, Washing Machine, Laptop, Apparels and Furniture. The offers can be availed across retail stores and online platforms on all popular brands like Samsung, LG, Whirlpool, Godrej, Sony, Oppo, Vivo, Panasonic etc. Interestingly, the customers aspiring to buy LG LED TV during this period can also avail up to 100% cashback on purchase through no cost EMI option. Bajaj Finserv EMI Card holders can also shop for clothes, accessories, footwear, eyewear, groceries and much more from partners like UCB, Zodiac, US Polo, Shoppers Stop, Central, Sunglass Hut, Big Bazaar etc.

    In FY 17, the Bajaj Finserv’s EMI card user base grew from 7.2 million to 9.8 million adding 2.6 million new users. The company also witnessed a surge in the consumer finance business driven through no cost EMI option provided on consumer durable, digital and lifestyle products. Bajaj Finserv’s consumer finance business now constitutes 41% of the total loan book. Through its fastest growing EMI network in the country, Bajaj Finserv also enables customers to convert their e-commerce purchases into no cost EMI. The Company has tie-ups with all leading e-tailers like Amazon and Flipkart, as well as partnerships with all the leading manufacturers, brands, and retailers across categories. The company today has a presence in 955 cities and 6000+ retail points.

    About Bajaj Finance Ltd.

    Bajaj Finance Limited, the lending and investment arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 19 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Digital Product Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle Refinancing Loans along with Fixed Deposits and Advisory Services. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

    To know more, please visit https://www.bajajfinserv.in/finance/

    0 0

    Business Wire IndiaDrivezy, a self-drive peer-to-peer car and bike sharing company, announced a $10M round of fresh investment. New and existing investors participated, including Das Capital, Axan Ventures, CrowdWorks and IT-Farm. This is in addition to an earlier $6 million round from Y Combinator, White Unicorn Ventures, Dheeraj Jain, Punit K Goyal, Alok Mittal, Susa Ventures, Qasar Younis, Paul Buchheit, Kima Ventures, Justin Kan, IT-Farm. Drivezy has raised a total of $16M to date. In addition to raising this round, Drivezy announces the launch of its first private Initial Coin Offering (ICO) to expand their peer-to-peer sharing marketplace for cars and bikes. A pioneer in the vehicle sharing industry, they are building a platform that aims change the way people purchase, use and sell vehicles. Drivezy will deploy a major part of the new investment to create Rental coins- A currency that would transform the global car-sharing industry.
     
    “Considering the rising cost of vital assets and resources especially housing and transportation, I believe the future is a shared one. The world is moving on to a collaborative model of consumption and our mission is an aggressive journey to change the way people purchase, use and sell motor vehicles,” said Ashwarya Singh, CEO & Co-founder, Drivezy. “The funds raised will fast-track our strategic expansion into new markets across India and global markets.”
     
    Breaking geographic barriers and tapping into the enormous growth potential of sharing economy, Drivezy partnered with Unocoin, a leading Indian Bitcoin exchange company, to accept Bitcoin as a mode of payment. Thus, making Drivezy, the only self-drive car and bike rental company in India to accept cryptocurrency. This technology allows individuals to transact value across the globe securely without the need for any intermediary party. Thereby, fueling the growth of collaborative systems where all resources are shared by the members of the community.
     
    “Few startups appear at the right time, with the right team to up-end a large market, and Drivezy is part of that exclusive club,” said Morio Kurosaki, the President of IT Farm. “We have been strongly supporting Drivezy from the start, and have been impressed by how the team has a clear vision and plan to offer access to cars for the 94% of the population of India who do not currently own a car,” said Julien Nguyen, General Partner at IT-Farm.
     
    “With the growing popularity of Bitcoin in India, we feel that this is the right time to open alternative means in the sharing economy. This ICO is part of our vision to leverage the power of the blockchain to build an open, secure and transparent technology to globalize the Indian car sharing marketplace,” said Ashwarya. He added, “Rental coins can potentially create almost 10 Lakh micro-entrepreneurs who can supplement their household income by renting their assets.”
     
    The ICO had been announced in Japan at a Conference hosted by AnyPay, a Japanese Fintech company who has also invested in Drivezy. AnyPay will be providing Drivezy with ICO advisory support in terms of scheme structuring and token development. The launch of ICO will allow Drivezy’s investors to purchase cryptographic tokens which entitle them to a share of the revenue generated by rental transactions on the platform, which has proven to generate an average RoI of 30%. Further details regarding the ICO may be found at www.rentalcoins.com. “Drivezy is building something more than a simple sharing business; they are building a system that can unify the global sharing economy. I chose to support them as I believe that they have the knowledge and skill to accomplish their vision,” Shinji Kimura, CEO - AnyPay said.
     
    Founded in April 2015, Drivezy (formerly JustRide), allows individual car owners to list their idle cars on the Drivezy platform; the cars are then rented by customers. Since the launch of their vehicle sharing platform, over 800 owners have listed 1,318 vehicles with Drivezy in four cities. With a monthly GMV of over $950,000 per month and a 246% growth in unique customers over the last year, Drivezy is the largest marketplace for vehicle rentals in India.
    About Drivezy
     
    Founded in April 2015, Drivezy (formerly JustRide) was one among the few startups selected by the prestigious American startup accelerator Y Combinator for the 2016 summer batch and is backed by Google. Drivezy’s strategic approach is an efficient alternative to outright vehicle purchase for consumers, and provides a revenue-generation opportunity for vehicle owners. The company was founded by Ashwarya Singh – Chief Executive Officer, Hemant Kumar Sah – Chief Technical Officer & Co-founder, Vasant Verma – Chief Operating Officer & Co-founder, Abhishek Mahajan - Co-founder and Amit Sahu - Co-founder. Headquartered in Bangalore, Karnataka, Drivezy currently operates in three other cities in India (Mumbai, Pune, and Mysore) and aim to expand to five additional cities by the end of 2017. Drivezy recently entered the bike rental market by launching geared and non-geared bikes in Bangalore. Drivezy's key financing partners include ICICI Bank, Mahindra Finance, Yes Bank, HDFC Bank and Tata Motor Finance.
     
    About AnyPay Inc.
     
    AnyPay Inc. was founded in June 2016 by Shinji Kimura, a Japanese serial entrepreneur who previously led Atlantis Inc. and Gunosy Inc. AnyPay, Shinji Kimura’s newest venture, is leading the new FinTech wave in Japan and currently provides 2 services, an online payment platform, AnyPay (https://anypay.jp), and a peer-to-peer payment app, Paymo (https://paymo.life). In September 2017, AnyPay has started an ICO advisory service.
     
    About Unocoin
     
    Unocoin is India’s leading bitcoin company. It enables Indians to buy, sell, store, use and accept bitcoin. With a mission “to bring Bitcoin to billions”, Unocoin was founded in July of 2013 in the town of Tumakuru, Karnataka and is India’s first entrant into the bitcoin space. Later the company shifted its major operation to Bengaluru. With over 150,000+ satisfied customers and 350+ million in total revenue, Unocoin has been on the forefront of bitcoin revolution in India.

    0 0

    Business Wire IndiaRubique, India’s leading fintech company continues to make a mark in its endeavour to demystify complex financing processes and empowering SMEs and individuals by making financial services easily accessible. The lending company has been recognized as India’s top 10 fastest growing fintech companies of 2017 by IDC Financial Insights. Riding high on its superb tech infrastructure and immaculate services that have disrupted the Indian fintech ecosystem, Rubique shares the position along with its other Indian contenders like Capital Float, FreeCharge, Paytm etc.
     
    IDC’s fintech list makes a reference to the Financial Insights’ Triple U framework — ubiquity, utility, and usability. This is a framework that evaluates fintech data across key metrics such as addressable market, customer adoption, investments, chance of survival, innovation, and marketing. IDC Financial Insights believes that newer categories of fintechs are gaining traction, including those focused on digital identity and authentication, blockchain, cryptocurrencies, robo-advisory, credit analytics and scoring, and usage-based insurance. The list of top 10 fintech companies by IDC was a part of the broader FinTech 101 list for Asia/Pacific.
     
    Commenting on being announced as one of the top Indian fintech players, Manav Jeet, MD & CEO, Rubique said, “It gives us immense pleasure to be ranked as one of the top ten fintech players of India. This was made possible through our incessant emphasis on using advanced technology interventions in bringing a drastic transformation in the traditional lending landscape of India and helping a large number of customers in fulfilling their financial requirements. It is quite to see our efforts being appreciated and recognized across the country and beyond.”
     
    Present across 27 cities Pan India, Rubique has consistently been digitizing the financial sector by bringing tech-driven paradigm shifts in traditional practices through its unique Online PLUS model. The platform enables users to get the best deals & have their loan applications processed faster through PAN verification, Aadhaar based e-KYC, credit bureau integration, banking analysis, enhanced logic in proprietary matchmaking algorithm and addition of new data science methodologies. Additionally, its AI and decision engine powered bot, Rubot is aimed at easing the transaction experience, whereas the TAB solution offers a wide SME product portfolio.
     
    Inspired by the vision of becoming the most trusted and personalized financial services marketplace, Rubique today services more than one lakh happy customers. The fintech company has also, till date, successfully crossed over 50,000 credit card customers.
     
    Mumbai-based Rubique was also selected by Abu Dhabi Global Market (ADGM) to be a part of the first batch of its FinTech Regulatory Laboratory (RegLab) program. The company will now develop and test its fintech innovations further as part of the program. In the Paris fintech forum 2017, Rubique was among 130+ fintech participants shortlisted across 25+ countries. In prestigious Benzinga Global Fintech Awards 2017-New York; Rubique was the finalist in the category of Best Lending Platform, Tool competing with globally renowned fintech players. These international recognitions prove that Rubique’s business model has been validated and has the potential to be replicated in territories other than India as well. Meanwhile, in India, the fintech player has recently signed a MoU with the Andhra Pradesh state government to be a part of its Fintech Valley Initiative and is foraying into the geography with its first branch in the city of Vizag.
    About Rubique

    Fintech Company Rubique is the leading marketplace lending platform in India. The platform empowers individuals & SMBs with an easy & smoother access to finance through wide range of loan, credit card and insurance products. Built on proprietary matchmaking algorithm, Rubique’s marketplace platform has been integrated with financial institutions’ systems for real time processing & for providing online approvals to the customer. The advance technology solution not only reduces the processing time significantly but the data analytics done on hundreds of data points helps to bring predictability & assess creditworthiness offering best deal to their customer.

    0 0

    Business Wire India

    FlexTrade (@FlexTrade) announced announced the successful execution of a large block trade from an actionable Indication of Interest (IOI) sent by Goldman Sachs within the FlexTRADER EMS. The trade was completed using FlexIOI -- a new, customisable feature of FlexTRADER, which allows users to trade on actionable IOI’s from their blotter.

     

    We are delighted to offer Goldman Sachs actionable IOI’s within the FlexTRADER EMS and to see the first trades flowing through successfully,” said Andy Mahoney, Head of Sales at FlexTrade.

     

    FlexIOI is a new framework for IOI distribution embedded into the FlexTRADER EMS and provides seamless, one-click or no-click interaction with IOI liquidity directly from the trading blotter. Traders are alerted in real-time to available IOI’s for the orders they are working, ensuring they have a full view on all available liquidity avenues for achieving Best Execution under MiFID II.

     

    With MiFID II approaching, clients are becoming more focused on ensuring they take ‘all sufficient steps’ to achieve Best Execution,” said Mahoney. “By integrating true, actionable IOI’s directly into the trading blotter, our clients can easily interact with liquidity in a single click.”

     

    “Actionable IOIs allow clients to trade in a systematic way from their EMS,” said Ralston Roberts, Co-Head of Goldman Sachs Equity Electronic Trading in EMEA. “Our partnership with FlexTrade allows us to better serve our clients by providing more directed and unique liquidity to their desktops.”

     

    About FlexTrade Systems, Inc.

     

    Founded in 1996, FlexTrade Systems, Inc. is the industry pioneer in broker-neutral algorithmic trading platforms for equities, foreign exchange and listed derivatives. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 200 buy-side and sell-side firms, including many of the largest hedge funds, asset managers, commodity trading advisors, investment banks and institutional brokers. For more information, visit FlexTrade Systems at www.flextrade.com.

     

    About Goldman Sachs

     

    The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centres around the world. To learn more, visit www.gs.com.

     

    ###

     

     

    0 0

    Business Wire India

    Liquid, Inc. (head office: Chiyoda-ku, Tokyo, JAPAN. Yasuhiro Kuda, CEO), who conduct research and development of biometric authentication engines, will begin full-scale introduction in October 2017 of the next-generation fingerprint authentication system “Touch & Pay” (http://miqip-info.jp/en/service10/), expanding nationwide for social implementation in 2020.
    Together with full-scale introduction, we will hold a special member registration campaign for “Touch & Pay”, with winners receiving up to 1 million yen’s worth of points.

     

    This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171003006633/en/

     

    Touch & Pay (Photo: Business Wire)

    Touch & Pay (Photo: Business Wire)

    About “Touch & Pay”
    “Touch & Pay” is one of the “infrastructure improvement projects to create new business for IoT promotion” (IoT-based Omotenashi Demonstration Projects) promoted by the Ministry of Economy, Trade and Industry.
    It is a stress-free, next-generation platform that allows you to enjoy various payment services and hospitality services using fingerprint-based biometrics.
    With a view to social implementation in 2020, we have been conducting field trials at about 220 sightseeing and accommodation facilities in towns such as Yugawara and Hakone since 2016, and in October we will begin full-scale introduction of “Touch & Pay”, expanding to operating facilities all across Japan.

     

    Changing future lifestyles with a next-generation fingerprint authentication system
    “Touch & Pay” is a system that provides accurate and high-speed fingerprint authentication on tablets and fingerprint readers.
    Registering tickets or cash with fingerprints will reduce the need to worry about lost items and eliminate queues and congestion due to ticket processing.
    In addition, if it is linked with a credit card, etc., it is not necessary to remember a PIN number, and a “hands-free life” where you do not need to carry things, can be realized.

     

    Technical features of Touch & Pay

     

    Fingerprint feature points are digitized and encrypted, making restoration following data theft impossible
    Fingerprints themselves are not stored as image data, and “feature points” such as endpoints and branch points are stored in a unique format. Even if the data is stolen, it is impossible to recreate the fingerprint image.
    Achieving high accuracy with image analysis AI technology
    By acquiring more feature points than general fingerprint authentication or vein authentication, we have achieved accuracy that is approximately 90,000 times (one in 9 billion) that of general fingerprint or vein authentication (the probability of mistaking another person for oneself).
    Machine learning index search technology allows us to achieve high-speed authentication, even for large-scale use
    Unlike the conventional sequential search of biometric authentication, we utilize a patented machine learning index search technology to realize a speed 300 times faster than the conventional type, when used on a large scale.

     

    We will carry out a campaign that awards points worth up to 1 million yen.
    [Member registration method]
    • Please access the following URL and register as a member.
    https://touchpay.pass.co.jp/
    * You cannot connect with a feature phone.

     

    * In addition, the contents, product price, specifications, services, inquiries, other information etc. posted in the press release will be information at the time of presentation. Please note that it may be subject to change without notice.

     

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20171003006633/en/

    0 0

    Business Wire India

    Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to work on the integration of their leading cash and risk management treasury systems. The deal will also see Visual Risk improve its reach in the U.S. and help GTreasury to access Australia and South East Asia. They will go to market jointly in the United Kingdom, Europe, and North America.

     

    This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171004005238/en/

     

    Paul Nailand and Richard Hughes, Cofounders of Visual Risk said: “Our partnership with GTreasury is based on our strong shared vision for corporate treasury, tight fit of risk and cash products and highly complementary geographical footprint. The integration of our products creates a ground-breaking TMS that is formed from the very best cash, payment, and risk solutions available.”

     

    Orazio Manzi-Fe Pater, Founder of GTreasury said: “Integrating with Visual Risk will expand and strengthen GTreasury’s offering, which will help us grow our business worldwide.”

     

    About GTreasury

     

    Originated in 1986, GTreasury is the global leader in treasury management solutions for organisations spanning the world. GTreasury’s solution illuminates a treasury’s liquidity by centralising all incoming and outgoing banking activities, along with tracking all financial instrument activities. This gives GTreasury practitioners real-time insight and access into their global liquidity. GTreasury is the only company that offers both an installed and a SaaS solution. Their modular platform and infrastructure allow any size treasury operation the ability to customise a solution that is best suited to their needs.

     

    About Visual Risk

     

    Visual Risk is a leading provider of risk management and treasury software for both Corporate and Financial Services sectors. Founded in 2001 we actively service a diverse client base across Australia, New Zealand, South East Asia and Europe. Combining deep treasury expertise with innovative technology, Visual Risk delivers a distinctive brand of forward-looking risk analytics, asset-liability management, hedge accounting, cash and treasury management software. Coupled with a deep commitment to delivering market-leading client support and service, this provides treasuries and management with a critical strategic edge.

     

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20171004005238/en/

    0 0

    Business Wire IndiaIndian peer-to-peer vehicle sharing platform Drivezy, announces the launch of its first Initial Coin Offering (ICO), to expand their footprint in the cars and bikes sharing Global marketplace. The move aims to disrupt the traditional way of how people purchase, use and sell vehicles.

    Drivezy provides a platform that allows micro-ownership by connecting vehicle owners with customers to create a shared ecosystem for transportation. It allows customers to access cars at a fraction of the cost of owning them, and lets owners turn their vehicles into a revenue-generating asset. This, in turn, allows the value of vehicles to be shared amongst the entire community.

    “Considering the rising cost of important assets and resources such as housing and transportation, I believe the future is a shared one”, said CEO and Co-founder Ashwarya Pratap Singh, “With the visible disparity between average Indian income and the cost of buying a car, rentals and sharing have become the only way that most people can afford any kind of personal transportation.”

    In addition to the enormous growth of the sharing industry, another facet that Drivezy believes can change the current model of ownership is Blockchain, the technology driving Bitcoin. This technology allows individuals to transact value across the globe securely without the need for any intermediary party. Thereby, fuelling the growth of collaborative systems where all resources are shared by the members of the community.

     “With the growing popularity of Bitcoin in India, we feel that this is the right time to open ourselves up to alternative means in the sharing economy. This ICO is a part of our vision to leverage the power of blockchain to build an open, secure and transparent technology to globalize the Indian car sharing marketplace,” said Ashwarya. He added, "This system will lead to the creation of almost 10 Lakh micro-entrepreneurs."

    The launch of ICO will allow Drivezy’s investors to purchase cryptographic tokens which entitles them to a share of revenue, generated by rental transactions on the platform which has shown to generate ROI of 30%. Further details regarding the ICO may be found at www.rentalcoins.com.

    Drivezy has 1,318 vehicles listed in four cities, a monthly GMV of over $950,000 per month and a 246% growth in unique customers over the last year.

    The ICO will be launched in Japan at a Conference hosted by AnyPay. It will be a private offering to accredited investors only subject to regulatory restrictions.

    AnyPay Inc. is a Japanese FinTtech company run by Drivezy investor and a serial entrepreneur Shinji Kimura. They will be providing ICO advisory support in terms of scheme structuring, token development and more.

    "Drivezy is building something more than a simple sharing business; they are building a system that can unify the global sharing economy. I chose to support them as I believe that they have the knowledge and skill to accomplish their vision," Shinji Kimura, CEO, Anypay said.
     
    Founded in April 2015, Drivezy (formerly JustRide) was one among the few startups selected by the prestigious American startup accelerator Y Combinator for the 2016 summer batch and is backed by Google. The startup has drawn the interest of notable entrepreneurs and investors from Silicon Valley and abroad, including It-Farm, CrowdWorks, Das Capital, Adora Cheung, Kima Ventures, Susa, Axan, Justin Kan and Paul Buccheit. 
    About Drivezy

    Drivezy, formerly known as JustRide, started operations in August 2015 and is the pioneer of peer-to-peer car and bike sharing in India. Backed by Y Combinator and Google, Drivezy’s strategic approach is an efficient alternative to outright vehicle purchase for consumers and provides a revenue-generation opportunity for vehicle owners. The company was founded by Ashwarya Singh – Chief Executive Officer, Hemant Kumar Sah – Chief Technical Officer & Co-founder, Vasant Verma – Chief Operating Officer & Co-founder, Abhishek Mahajan - Co-founder and Amit Sahu - Co-founder. Headquartered in Bangalore, Karnataka, Drivezy currently operates in three other cities in India (Mumbai, Pune, and Mysore) and aim to expand to five additional cities by the end of 2017. Drivezy's key financing partners include Mahindra Finance, ICICI Bank, HDFC Bank, Sri Ram Finance, Cholamandalam, Axis Bank, Union Bank and Tata Motor Finance.
     
    About AnyPay Inc.

    AnyPay Inc. was founded in June 2016 by Shinji Kimura, a Japanese serial entrepreneur who previously led Atlantis Inc. and Gunosy Inc. AnyPay, Shinji Kimura’s newest venture, is leading the new FinTech wave in Japan and currently provides 2 services, an online payment platform, AnyPay (https://anypay.jp), and a peer-to-peer payment app, Paymo (https://paymo.life). In September 2017, AnyPay has started an ICO advisory service.

    0 0

    Business Wire India

    Unleashed Software, the Auckland-based inventory management Software-as-a-Service (SaaS) provider, has announced a Series C investment of NZ$7.0 million from Movac, New Zealand’s largest and most experienced technology investment company.

     

    This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171004006472/en/

     

    Unleashed Software is a powerful inventory management solution that helps businesses grow. (Photo: B ...

    Unleashed Software is a powerful inventory management solution that helps businesses grow. (Photo: Business Wire)

    Of the recent investment success, CEO of Unleashed Software Gareth Berry comments: “We have been building our core product and markets for eight years now and the markets around the globe are really starting to embrace cloud based applications. We can see the amazing traction for ‘best in class’ systems like Unleashed being adopted around the globe now, and we are truly grateful to be the system of record that is powering these amazing wholesale, distribution and manufacturing businesses.”

     

    Globally, Unleashed estimates there are over 5 million wholesaler-distributors and manufacturers that they could be the ‘system of record’ for. Their customers have been very supportive on this journey, with many of whom now compete competitively on a global scale with our ‘best in class’ inventory management and manufacturing system.

     

    “The adoption of cloud based systems on a global scale is only just starting to take off,” says Gareth. “New Zealand and Australian markets have been early adopters of cloud based software solutions, however, we also see big opportunities in the United Kingdom and the United States markets where businesses are starting to migrate and adopt best-in-breed component solutions to run their businesses. This presents an amazing opportunity for us, with a substantial amount of growth in our businesses forecast to come from the Northern Hemisphere over the next few years.”

     

    The investment funds will go towards fuelling the development of the next generation inventory management software and support the global growth of the company that now services customers in over 88 countries in the wholesale, distribution and manufacturing sectors.

     

    About Unleashed Software:

     

    Unleashed Software is a Software-as-a-Service company with the sole focus of building a smart inventory management solution. Unleashed has a global base of customers including Australia, NZ, USA and UK. For more information, please visit www.unleashedsoftware.com or contact Gareth Berry on +64 21 444 107.

     

    The company has been recognised in the Deloitte Technology Asia Pacific Fast 500 for the last three years running. They were also mentioned in a Huffington Post as one of the top 10 small business tools globally.

     

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20171004006472/en/

older | 1 | .... | 37 | 38 | (Page 39) | 40 | 41 | .... | 69 | newer