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    Business Wire India

    Mr J A Chowdary (Special Chief Secretary & IT Advisor to the Chief Minister, Govt. of Andhra Pradesh) with Mr Shiv Goel (Director, Somish) and Mr Ish Goel (CEO Somish)
    Mr J A Chowdary (Special Chief Secretary & IT Advisor to the Chief Minister, Govt. of Andhra Pradesh) with Mr Shiv Goel (Director, Somish) and Mr Ish Goel (CEO Somish)
    From L to R - Mr Jitan Chandnani (Partner - Blockchain Head at IBM), Mr Vishweshwaran (NPCI), Mr Prasanna Lohar (Head of Technology DCB Bank), Mr Dharmesh Desai (Group Executive VP Yes Bank) and Mr Ish Goel (CEO Somish)From L to R - Mr Jitan Chandnani (Partner - Blockchain Head at IBM), Mr Vishweshwaran (NPCI), Mr Prasanna Lohar (Head of Technology DCB Bank), Mr Dharmesh Desai (Group Executive VP Yes Bank) and Mr Ish Goel (CEO Somish) A packed conference hallA packed conference hall
    'India Blockchain Week', the India chapter of the International Blockchain Week was brought to Mumbai for the first time, by Somish, a leading Blockchain solutions development company.
     
    The conference served to take discussions about the Blockchain technology beyond Bitcoins and into the worlds of Enterprise and Governance applications. It brought global blockchain practitioners onto a common platform so that they could share their expertise and knowledge across different verticals and use- cases. A recurring theme of the conference was that Blockchains are built on "The power of we" and will enable citizens of emerging markets to avail of financial services and social benefits without banking intermediaries. It thus truly deserves the epithet of a leapfrog technology.
     
    The event attracted over 500 delegates from different parts of the world, representing such diverse sectors as BFSI, Logistics, Healthcare, Retail, Manufacturing, Agriculture, Consulting and Government. It had speakers from 7 different countries. Some of the key speakers were Mr. J A Chowdary, Special Chief Secretary & IT Advisor to the Chief Minister, Govt. of Andhra Pradesh, Dharmesh Desai, Group Executive VP, NRI Banking and Remittances, Yes Bank, Amo Kalar, Trade Commissioner, British High Commission and Jaspreet Bindra Sr. VP Digital Transformation, Mahindra Group and Ish Goel, Founder GovBlocks.
     
    One of the highlights of the conference was the India launch of GovBlocks, a protocol for implementing decentralised governance on the Blockchain. GovBlocks presented some disruptive use-cases, which included buying insurance without an insurance company, giving unbanked citizens access to loans and government schemes for subsidy disbursing, pension payout and other social benefits, thereby enabling agile financial inclusion.
     
    There were also some use cases for tokenization of agricultural produce and mobile networks, as well as how to participate in Initial Coin Offerings or ICOs. There were a couple of interesting sessions on the regulatory framework around Blockchain technology, specifically for ICOs.
     
    Blockchain technology has spawned its own ecosystem including application development platforms, start-ups offering industry-specific solutions, coin exchanges, and advisory services for investors. Efforts are ongoing to create a set of global industry standards for governance, security and data protection. Like the technology itself, the Blockchain ecosystem is evolving in a highly decentralised manner. Move over Silicon Valley!
     
    The enthusiasm and interest of the audience in each session was heartening and every speaker was inundated with questions! The conference concluded with the announcement of India Blockchain Week 2018, creating a sense of anticipation amongst audience and speakers alike.

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    Business Wire India

    BAI announced the winners of the 2017 BAI Global Innovation Awards, a prestigious awards program that serves as a catalyst for positive change through innovation in the financial services industry worldwide. Winners were announced and celebrated at the BAI Global Innovation Awards Celebration during BAI Beacon in Atlanta on October 4.

     

    Finalists and winners in 10 categories were selected by the Innovation Circle judges, a distinguished panel of financial services leaders and innovators from around the world. The judges carefully weighed each nomination to uncover the brightest in innovative offerings based on originality and the impact to consumers, small businesses and the industry.

     

    “Each year, the BAI Global Innovation Awards recognizes industry pioneers who are visibly changing the future direction of the industry and positively impacting customer experience, efficiency and profitability,” said Debbie Bianucci, president and CEO of BAI. “We find it inspiring to honor and celebrate these innovators as they develop solutions that truly stand out and make a real difference for consumers, businesses and communities.”

     

    The 2017 BAI Global Innovation Awards winners for each category are:

     

    Product and Service Innovation

     
    • Metromile

    Channel Innovation

     
    • HDFC Bank Limited

    Innovation in Payments and Wallets

     
    • B2B Pay

    Innovation in Societal and Community Impact

     
    • Taqanu

    Innovation in Marketing

     
    • Yapi Kredi

    Innovation in Human Capital

     
    • Intesa Sanpaolo

    Innovation in User Experience

     
    • Yapi Kredi

    Internal Process Innovation

     
    • DenizBank

    Innovative Accelerator or Incubator

     
    • Finnovating

    Breakthrough Collaboration in Financial Services

     
    • Bank Millennium S.A. and PKO Bank Polski

    Additionally, all nominees are considered for BAI’s Outstanding Achievement Awards. The winners of the three honors are:

     

    Disruptive Innovation in Financial Services

     
    • Taqanu

    Disruptive Business Banking Solution

     
    • B2B Pay

    Most Innovative Financial Services Organization of the Year

     
    • Emirates NBD (United Arab Emirates)

    Congratulations to all the recipients of the BAI Global Innovation Awards. To read about the innovations in greater detail and see the finalists and winners, please visit BAIGlobalInnovations.com.

     

    About BAI

     

    As a nonprofit, independent organization, BAI delivers the financial services industry’s most actionable insights, enabling leaders to make smart business decisions every day. BAI is passionate about the trusted information and powerful tools that provide leaders with the clarity and confidence needed to drive positive change and move the financial services industry forward. For more information, visit www.bai.org.

     

     

     

     

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    Business Wire India

    düber Technologies Inc., a software-as-a-service (SaaS) provider serving the cannabis industry, announced its Initial Coin Offering (ICO). The Pre-sale will start at 15:01 UTC on Oct 11. The ICO will use a SAFT (Simple Agreement for Future Tokens) structure conducted under Rule 506(c) of Regulation D of Section 4(a)2 of the U.S. Securities Act, as amended (the “U.S. Securities Act”) which accredits token buyers as investors.

     

    The düber token (DBR) is intended to incentivize and improve information exchange in the cannabis community, including consumers, retailers, labs, processors and growers. Examples are rewarding community members for providing product information and photos, submitting product reviews, participation in loyalty programs and interaction with advertising and other communication channels. Blockchain technology will measure and allocate growth in economic surplus throughout the supply chain as a result of increased information exchange across all network participants. The DBR is an Ethereum (ETH) blockchain cryptocurrency that can be used within the network to pay for goods and services provided by licensed cannabis businesses.

     

    “At düber, we believe that we have the unique opportunity to transform the cannabis industry through incentivizing the creation and sharing of information, which benefits all patients, consumers and businesses,” said Glenn Ballman, founder of düber. “We have chosen the SAFT ICO structure, and combined it with a broad-based seeding program to enable a wide distribution of the tokens to members of the cannabis community.”

     

    düber is an emerging leader of technology and services within the cannabis industry. The company provides integrated retailer and supply chain solutions including online ordering, supply chain management, retail automation and advertising and has a healthy track record of growing sales for cannabis retailers.

     

    “We began implementing düber’s technology in 2016 and have seen sales and order sizes increase as customers order online, use self-serve systems located in the store and respond to product advertising,” said Nick Antonie, owner of Herban Legends, Seattle. “We believe in the vision düber has for the future of the industry and appreciate how its technology allows us to deliver a superior customer experience.”

     

    To visit düber’s ICO website, including the white paper and the private placement memorandum prepared in connection with the ICO, visit www.dubercoin.com. The private placement memorandum contains information on the offering, including details on purchaser qualification requirements and risk factors.

     

    About düber Technologies Inc.

     

    Headquartered in Seattle, WA, düber Technologies Inc. is a software-as-a-service (SaaS) provider serving the cannabis industry. düber’s mission is to help small companies compete with large corporations through superior technology. The company currently provides customers with online ordering, self-serve systems, global product search, digital signage and advertising products and has plans to launch several more including retail point of sale and a home delivery engine for retailers. düber operates in state jurisdictions that have legalized both medical and recreational cannabis, and assists with compliance of the laws of these jurisdictions. To learn more about düber Technologies Inc., please visit www.duberpartners.com.

     

    About the düber SAFT ICO

     

    The SAFTs will only be offered in the United States on a private placement basis pursuant to exemptions from the registration requirements of the U.S. Securities Act and in Canada by way of private placement exemptions from Canadian prospectus requirements, in each case to qualified “accredited investors” only. All securities issued will be subject to restrictions on re-sales in accordance with applicable securities laws. The SAFTs have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction where such offer or sale is prohibited or unlawful.

     

     

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    Business Wire India

    Sandeep Singh Deshwal, MD, Abode1st, holds Press conference on GST and RERA
    Sandeep Singh Deshwal, MD, Abode1st, holds Press conference on GST and RERA

    The laws made by Central government to make the business and real estate sector accountable to the market are going to have a positive impact on the country's market. With this, the foreign investors have trusted the Indian market and the well-known foreign groups have started looking for the right option to invest in India - Sandeep Singh Deswal, Managing Director, Abode1st Group of Companies, said in a press conference organized at Queens Pearl Hotel.

    He also told that the Abode1st will organize a seminar on RERA and GST in the presence of Top Business Leaders, Investors and Top Players of the country in The Ritz of Ambience Island on 6th October. Abode1st Group will invite domain experts from the respective fields to speak and share macro level benefits of the above said unprecedented reforms brought in by the dynamic Government of India. The people from all spheres of life including business fraternity viz. Real Estate, capital markets, IT, Banking and allied Industries will be the audience for the seminar. Abode1st Group is trying to contribute a bit by this knowledge-based interaction by the intellects and has invited potential investors from US, Canada and European countries to look for investment opportunities in India.

    Sandeep Singh Deswal the versatile business tycoon told that entrepreneurs need to be educated towards RERA and GST, after the demonetization these laws were implemented by the Central government which made the real estate market of country accountable. It is true that today the Indian market is in modest recession, but in the coming times, GST and RERA will benefit the Indian market. He also said that in most of the countries such laws are already in force and now foreign companies are looking forward for the investment options as these laws were implemented in India too. He said that Abode1st has decided to pursue this initiative of the central government.

    He said that the Union Minister Ramdas Athawale, Union Minister Purushottam Rupala, Union Minister of State Sanjay Pathak, BJP spokesman Shahnawaz Hussain and others including sports, media will participate in this seminar. During the event, six martyr families will also be honored, and will also give financial support to the sports talents.

    Harinder Singh, CEO, Abode1st Group of Companies said, "The changes in the country has started on political and economic basis. We are attracting investors in the NCR region spread over 200 km of the national capital of Delhi and providing them suitable real estate market."

    Navdeep Singh Sherawat, CFO, Abode1st Group of Companies said, "That the company has opened its offices in many countries including USA, California, London and Sydney to guide overseas investors and from NRI investors we are getting good response."About the Abode1st Group of Companies

    Abode1st Group of Companies was founded in 2013 by Mr. Sandeep Singh Deswal, a visionary pioneer. Abode1st operates in three sub-sectors:
    • abode1st Assets Management,
    • abode1st Wealth Management and
    • abode1st Interiors.
    The Group has established itself as one of the leading advisory house and provides end-to-end solutions to its institutional, corporate and HNI clients.

    Promoted and managed by a qualified, experienced and competitive management team, abode1st has a vision to expand beyond facilitating traditional sales and purchase transactions to provide a complete range of sales, leasing, as well as the nationwide investment, consulting, development and allied services.

    Abode1st has successfully executed transactions worth INR 900 crore (USD 140 million) till date which includes gross transactions of about INR 650 crores (USD 101 million) in Real Estate and INR 250 crore (USD 39 million) in interior projects. Besides, the Group owns a large portfolio of captive properties across Delhi-NCR region.

    The Group at present operates out of Delhi-NCR and is planning to expand pan India within three years with its offices in India such as Mumbai, Bangalore, Hyderabad and Chennai.

    Abode1st also has plans to expand globally. Already opened offices in Toronto, Canada, and New Jersey, USA. Planning to open in Silicon Valley, London, and Sydney in next three years.

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  • 10/06/17--07:00: Guidewire to Acquire Cyence
  • Business Wire India

    Guidewire Software, Inc. (NYSE:GWRE), a provider of software products to Property and Casualty (P&C) insurers, and Cyence, Inc., today announced that the companies have entered into a definitive agreement for Guidewire to acquire Cyence. Cyence is a software company that applies data science and risk analytics to enable P&C insurers to grow by underwriting “21st century risks” that have gone underinsured or uninsured.

     

    These emerging risks — including cyber, reputation, and new forms of business interruption risk — pose unique challenges for insurers. Evolving rapidly, they typically lack extensive claims history to inform insurers’ underwriting and pricing determinations. Their complexity and non-obvious patterns of risk linkage and risk accumulation require more diverse and dynamic data sets to be modeled effectively. To meet this challenge, Cyence offers a data listening and risk analytics solution combining Internet-scale collection and curation of external data with sophisticated machine learning and risk modeling, which supports insurers’ product management, actuarial, underwriting, and enterprise risk management functions.

     

    “Cyence is an exceptional technology company that, like Guidewire, focuses on serving the strategic needs of the P&C industry,” said Marcus Ryu, co-founder and CEO, Guidewire Software. While Guidewire has focused on core operations, data management, and digital engagement, Cyence applies expertise in data science and machine learning to the modeling needs of insurance product design, pricing, and underwriting for 21st century risks. As traditional actuarial approaches struggle to address the unique characteristics of emerging risks like cyber, Cyence’s next-generation approach will enable insurers to broaden the scope and value of the products their policyholders need.”

     

    “Cyence started applying our data science engine to cyber risk given the significant demand from the insurance industry on what is an existential threat for their insureds. We look forward to joining Guidewire and continuing our mission to enable insurers to enter new markets by insuring emerging risks like cyber,” said, Arvind Parthasarathi, co-founder and CEO, Cyence. “We are excited by the opportunity to power our approach with operational data and policy lifecycle support from Guidewire’s core systems and to join forces with the technology leader serving the P&C insurance industry.”

     

    Total consideration for the acquisition is approximately $275 million, or $265 million net of $10 million cash on hand, subject to customary transaction adjustments. Consideration provided at closing will consist of net cash of approximately $140 million and approximately 1.6 million shares of newly issued Guidewire common stock. Of those shares, approximately 260,000 are in the form of deferred equity consideration, which are subject to the achievement of certain retention and operating milestones.

     

    The transaction is expected to close early in Guidewire’s second fiscal quarter.

     

    Conference Call Information

     

    Management will hold a conference call and webcast today to discuss this transaction.

     
    When:     Friday, October 6, 2017
           
    Time:     8:30 am Eastern
           
    Live Call:     (888) 298-3457, Domestic
          (719) 457-2628, International
           
    Replay:     (844) 512-2921, Passcode 6379411, Domestic
          (412) 317-6671, Passcode 6379411, International
           
    Webcast and      
    supplemental slides:    

    http://ir.guidewire.com (live and replay)

    About Cyence

     

    Cyence empowers the insurance industry to understand the impact of emerging 21st century risks like cyber, business interruption, etc. Cyence’s unique data science combines data collection at scale, machine learning and economic/risk modeling to create an insurance risk modeling platform. Cyence Platform and analytics are leveraged by leaders across the insurance industry to help understand and manage risks as well as to roll out new transformative insurance products. To learn more about Cyence, please visit www.cyence.net.

     

    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 operations, data and analytics, and digital engagement – into a 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.

     

    Cautionary Note Regarding Forward-Looking Statements

     

    This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to our ability to close, and the timing of the closing of, this transaction and the benefits that will be derived from this transaction. These forward-looking statements are based upon the current expectations and beliefs of Guidewire’s management as of the date of this release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements including, without limitation, the risk of adverse and unpredictable macro-economic conditions and risks related to closing this transaction and integration of the companies. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and Guidewire disclaims any obligation to update these forward-looking statements.

     

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

     

     

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    Business Wire India

    National Banking Institute (NBI), Nepal signed Memorandum of Understanding (MoU) with Manipal Global Education Services
    National Banking Institute (NBI), Nepal signed Memorandum of Understanding (MoU) with Manipal Global Education Services

    To target development in the areas of education, training and research for the banking and financial services organizations in Nepal. National Banking Institute (NBI) signed Memorandum of Understanding (MoU) with Manipal Global Education Services for strategic alliance in development of human resource in the areas of education, training and research for the banking and financial services organizations in Nepal.

    NBI, an apex banking academy of the country, joined hand with Manipal Global’s Academy of Banking and Financial Services, which is one of the leading banking academia of India having trained over 60000 professionals of leading banks, insurance companies and other financial institutions in India, Middle East, and South East Asia. Manipal Global Academy of BFSI, which partners with 40 leading banks and financial institutions, is a leader in providing talent development services to Banks and has helped many organizations transform their talent and build a pool of highly productive workforce. Manipal’s programs offer real like banking training services and are being offered in world class residential campuses at Jaipur and Bangalore in India.

    NBI and Manipal Global shall collaborate in short term and long term trainings, organizing conferences, seminars, workshops, study tours on the subject of mutual interest. The MoU was signed by Mr. Bimaljeet Singh Bhasin, Vice President, Manipal Global Education Services and Mr. Sanjib Subba, Chief Executive Officer, NBI in Bangalore.

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    Business Wire India

    Mr. Richard Leftley, Founder & CEO, MicroEnsure receiving Frost & Sullivan's 2017
    Mr. Richard Leftley, Founder & CEO, MicroEnsure receiving Frost & Sullivan's 2017 "India Emerging Insure-tech Company of the Year" Award from Mr. Nakul Subramanyam, Head of Corporate Real Estate Management, Morgan Stanley, India, in the presence of Mr. Y.S. Shashidhar, Managing Director & Partner, Frost & Sullivan - Middle East, North Africa & South Asia

    MicroEnsure was named ‘India Emerging Insure-tech Company of the Year’ at the 2017 Frost & Sullivan India Best Practices Award Banquet held on October 05, 2017 at ITC Maratha, Mumbai.
     
    MicroEnsure has been addressing the insurance needs of low-to-middle income groups in Asia and Africa for over a decade through its innovative range of products. The company has successfully implemented affordable health insurance services by providing accessible, affordable and effective insurance to the mass market in India. In 2015, MicroEnsure in association with Telenor India launched a product called ‘Telenor Suraksha’, which enrolled more than 20 million customers for life insurance by early 2016. Notably, more than 90% of the enrolled customers had never been insured. The company continues to grow with a goal to reach 100 million registered customers by 2025. Its business model focuses on maximizing and empowering its potential through MNO (Mobile Network Operator), financial institutions and other distribution partners.
     
    Congratulating MicroEnsure on the award, Dr. Sunaina Singh, Senior Consultant, Transformational Health (Healthcare) Practice, Frost & Sullivan said, “MicroEnsure has had a very successful year - 2016. The company has demonstrated enormous growth with over 17 million customer enrolments in India through the implementation of its unique product named 'Telenor Suraksha'. MicroEnsure strategically leverages this digital platform and replaces the traditional and complicated customer acquisition techniques, providing more affordability and accessibility to the customers. The underlying philosophy behind the company’s leading position is attributed to its in-depth market knowledge, pace of innovation, customer-centric approach and strong business model. MicroEnsure is set to make a mark in the mass health insurance market in India by maximizing and empowering its potential through Mobile Network Operator (MNO), financial institutions and other distribution partners.”
     
    Talking about the award, Richard Leftley, Founder and CEO, MicroEnsure said, “We are delighted to receive this prestigious award that reflects the teamwork and collaboration between MicroEnsure, Telenor India and Shriram. We have been able to successfully design and deliver an innovative mass market insure-tech solution, which is simple and easy to access for Telenor customers from enrolment via mobile phones to a rapid claims process, providing a safety net to millions of Indian families.”
     
    Frost & Sullivan Awards recognize companies across regional and global markets for outstanding achievement and performance in a range of regional and global markets for superior leadership, technological innovation, customer service, strategic product development, etc.
     
    Frost & Sullivan’s 360° Research Methodology™ represents the analytical rigor of our research process. It offers a 360° view of industry challenges, trends, and issues by integrating all 7 of Frost & Sullivan's research methodologies. Too often, companies make important growth decisions based on a narrow understanding of their environment, leading to errors of both omission and commission. Successful growth strategies are founded on a thorough understanding of market, technical, economic, financial, customer, best practices, and demographic analyses. The integration of these research disciplines into the 360° Research Methodology™ provides an evaluation platform for benchmarking industry players and for identifying those performing at best-in-class levels. About Frost & Sullivan

    Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

    https://ww2.frost.com/
     
    Twitter: @Frost_Sullivan (Event hashtag – #FSInAwards)
    Facebook: http://www.facebook.com/frostandsullivan
    LinkedIn: https://www.linkedin.com/company-beta/4506/
     
    About MicroEnsure

    For more than 10 years, MicroEnsure has changed the dynamics of the global insurance value chain to address key challenges in micro insurance. As an insurance intermediary, MicroEnsure partners with insurance carriers and distributors, including telecoms, banks and micro-finance institutions, to provide unprecedented access to valuable insurance coverage for vulnerable populations. With a focus on design to create simple and affordable insurance policies to the mass market, MicroEnsure has launched more than 200 micro insurance products in Africa and Asia across a range of product risk categories serving more than 56 million low income customers providing a safety net in the event of an unanticipated financial shock.

    www.microensure.com

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    Business Wire IndiaeMudhra, a market leader in the secure digital identity and transaction management space, today announced the launch of an R&D center in blockchain related technologies to further enhance Blockchain based systems for Smart Cities. A Blockchain fundamentally deals with secure transactions using cryptographic keys and this development is in line with the company’s mission to develop cutting edge technology that brings smarter governance for smart cities.
     
    The company also plans to introduce solutions that will help various industries which require identity verification and authentication in conducting transactions across smart cities. eMudhra will also hire about 100 people to help accelerate efforts to bring about blockchain related solutions through its R&D center.
     
    On achieving this milestone, Mr. V. Srinivasan, Chairman, eMudhra, said, “We are already starting to see a lot of interest from Government and Financial Services on Blockchain. Investing in blockchain technology is a natural progression of things for eMudhra. We deal with identity management every day and our expertise lies in simplifying a customers’ life while doing their financial transactions, ensuring full transparency. The key features of our Blockchain platform is the ability to identify and digitally sign transactions on a Blockchain using e-KYC and eSign.”
     
    An integral part of Government of India’s vision is to create Smart Cities that are model cities from a governance perspective. The blockchain acts as an impenetrable shared ledger which can drive immense value to bring in accountability and transparency for private and public companies. The underlying technology can be used to record all communication between multiple parties, which in turn reduces the need for additional verifications and authentications, paper work, chances for forgery and importantly, digital storage of vital records that cannot be tampered. eMudhra will look to work with the government and global technology companies in this regard.
     
    With an investment in a Blockchain solution, enormous benefits can be derived by developing smart contracts that can quickly verify identities, check creditworthiness, sign contracts and disburse money using existing payments infrastructure. Therefore, it significantly reduces the risk, costs and time consumed for both parties who enter into trade. eMudhra will offer its Blockchain platform as a service - similar to eSign, so the costs of adoption is significantly reduced for the transacting parties.
     
    The digitization of records on the blockchain ensures administrative efficiency and drives stronger capabilities for urban planning. In a smart city, blockchain can also be critical in getting better access to public information and bring about a more accountable way of citizens participating in governance.
     
    The company recently announced the launch of Aadhaar eSign-based ‘National Automated Clearing House’ (NACH) gateway to help large and small enterprises collect recurring payments from customers.
    About eMudhra:
     
    eMudhra is a technology, digital identity and transaction management company providing solutions which ease financial and statutory needs of consumers. eMudhra was established in 2008 and is a Certifying Authority in India and Mauritius to issue Digital Signature Certificates. eMudhra’s current enterprise and consumer solutions include Digital Signature Certificates, eSign, emSigner – Paperless Office Solution, emAS –secure multifactor authentication for banks, emCA for Digital Signature issuance and management and Prism – Voice of Customer Analytics using Semantics.

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    Business Wire India

    Hon’ble Minister, FPI, Smt. Harsimrat Badal with Ms Katharina Hamma COO of Koelnmesse, the organisers of ANUGA
    Hon’ble Minister, FPI, Smt. Harsimrat Badal with Ms Katharina Hamma COO of Koelnmesse, the organisers of ANUGA

    • German and International companies to invest in India’s food processing ‘value chain’ with technology development, vocational trainings, market access and research & development (R&D)
    • India, 2nd largest producer of farm in the world, seen as potential ‘sourcing hub’ to serve world food market
    • MoFPI gears to host over 30 countries and 2000 companies at World Food India, Summit (Nov 03-05, 2017 in New Delhi) - Germany to be a partner country
    India’s participation at Anuga this year has evinced great business interest from Germany and other international markets to invest in the Ministry of Food Processing Industries of India (MoFPI) and Government of India’s, mission to reduce food wastage, creating a global ‘food bank’, and making India a global ‘sourcing hub’. In a move to strengthen the Indo-German economic partnership in food processing sector, a high-level delegation, led by Hon’ble Minister Smt. Harsimrat Kaur Badal, engaged industry leaders in Cologne, Germany.

    Ms. Henriette Reker, Mayor of Cologne in her special welcome to India highlighted food security benefits that go well beyond the geographic limits of the two nations. The two countries have great opportunities to collaborate in multiple sectors including technology development, vocational trainings, market access, and research & development (R&D) efforts to instigate innovations in sectors such as food processing & packaging equipment. The recently launched ‘Make in India – Mittelstand’ initiative facilitating entry of German SMEs, and Germany’s dual Vocational Education and Training (VET) system for building efficient pool of skilled human resource is being well leveraged, and Germany is looking to further strengthen its economic partnership with India.
     
    Commenting on participation at Anuga 2017, Smt Badal, said, Germany is among India's most important partners bilaterally and in global context, and India is ready with open arms to welcome German companies. Anuga, which is the number one trading place in the world, gave us the right platform to interact with various global players in the food industry.”

    India’s position as the ‘global sourcing hub’, with its geographically and strategically aligned location for food importing nations, took precedence during the minister’s visit. Key areas of investment to prevent food loss and wastage globally, both at the harvest & transit levels (estimated at 1.3 billion tonnes annually by FAO), reduction of environmental pollution (estimated at 3.3 billion metric tonnes globally) and countering malnutrition, were discussed.
     
    A record 107 countries participated at the trade fair and the Ministerial delegation’s interaction with globally acclaimed food processing companies has enthused many including BDSI; Malaysian External Trade Development Operation; Federation of German Food and Drink Industries; Viba Sweets; Cranswick Country Foods among others, confirming participation in the upcoming World Food India (WFI) Summit, a three-day mega international event, organized by MoFPI, scheduled to be held on 3-5 November 2017, at New Delhi, India, to be inaugurated by the Prime Minister of India.
     
    Highlighting the importance of WFI summit, Hon’ble Union Cabinet Minister of Food Processing Industries, Smt. Harsimrat Kaur Badal, added, “By 2050, world population is going to be over 9 billion, and demand for food is expected to increase by 50 percent. Where only 10 percent of food is being processed currently in India, we see huge potential to co-develop and optimize food processing capability, to serve the world food market! The WFI summit, is first-of-its-kind platform to foster partnerships aimed at ‘transforming food economy’, and we welcome food processors, machine manufacturers, technology suppliers and refrigeration companies, to come to India and expand their business opportunities”.
     
    The MoFPI is gearing up to host 2,000 companies from 30 countries at the #WorldFoodIndia 2017, with Germany as one of the partner countries. Nearly 50 global CEOs of leading food processing companies will be attending the event and many of them will be participating at the roundtable of the CEOs with Prime Minister/ Finance Minister of India. The summit has been conceptualized in line with the ‘Make in India’ vision of the Modi Government, aimed at driving ‘ease of doing business’ in ‘farm to fork’.
     
    India, is not only the fastest growing economy with GDP to reach 4.5 trillion US dollar by 2025, it has a USD 600 billion retail sector, of which 70 per cent is food retail, and is set to treble by 2020! The Indian Food Processing Industry is an attractive market for global investors to expand their presence across the food processing value chain. Factors such as, strategic geographic location and proximity to food-importing nations, proactive policy reforms, attractive fiscal incentives, large skilled workforce and single-window clearance are some of the opportunities that investors could leverage. Economic reforms like 100% FDI in retail of food produced and/or manufactured in India, Goods and Service Tax (GST), construction of Mega Food parks and cold chain grids throughout the country, have made the ecosystem favorable for investment.
     
    Germany is the 7th largest foreign direct investor in India since January 2000. German FDI in India in 2016-2017 was to the tune of US$ 1.1 bn. Presently, more than 1600 Indo-German collaborations and over 600 Indo-German joint ventures are in operation. While the food processing industry in Germany is well‐developed and globally acclaimed, its counterpart in India has been growing above average and has been forecasted to ambitiously speed up in the next two to three years.About World Food India 2017

    World Food India 2017 – the international mega food event – is being organized by Ministry of Food Processing Industries from 3 to 5 November 2017, in New Delhi. World Food India 2017 is the platform for showcasing the food processing strength of India and an opportunity to connect with international and Indian key players in food processing and allied sectors. Encompassing the entire food spectrum from production to consumption, World Food India 2017 will look at creating better sourcing environment, will emphasize on reduction of wastage, and will focus on shelf life increase, among others. All this will enable higher returns for farmers, will create better employment opportunities and will foster entrepreneurship. Website: www.worldfoodindia.in

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    Business Wire India

    LumenLab, MetLife’s Singapore-based innovation center, today announced that it has selected 6 finalists for its startup engagement program, collab 2.0, an open innovation platform matching startups with the right opportunities within MetLife Japan.

     

    collab 2.0, launched in August 2017, aims to provide a platform for innovators to tackle the business needs of tomorrow and to work on solutions to known challenges in the areas of customer engagement, sales, backend operations, and frontend operations.

     

    collab 2.0 attracted over 111 applications from 24 countries around the world. Following a rigorous application review process, 6 startup applicants have been selected to pitch their business ideas to senior MetLife executives at the demo day on 8 December 2017.

     

    Zia Zaman, LumenLab CEO and Chief Innovation Officer of MetLife Asia said, “We’re delighted with the ongoing strong response to our collab program from start-ups around the world. The quality and caliber of the submissions was very high. Our finalists represent the best in creativity and innovation, and brought fresh thinking to address the evolving needs of the insurance customer. We look forward to working with them over the coming months.”

     

    The 6 startup finalists are Concierge U, Gnowbe, Moneytree, Montoux, TrustSphere, and WorkFusion. The strong final line up showcases an exciting mix of ideas and technological solutions ranging from artificial intelligence (AI), predictive analytics, to robotics process automation (RPA).

     

    Over the next 2 months, the finalists will receive assistance from MetLife Japan “staff champions”. MetLife Japan has assigned over 25 “staff champions” to assist the finalists, underscoring its commitment to talent development as it promotes a culture of innovation in the workplace.

     

    LumenLab will host the collab 2.0 demo day on 8 December 2017 in Tokyo. The judging panel will comprise nine senior executives from MetLife Japan and LumenLab. The successful finalist will receive a JPY 10 million contract to implement a pilot within MetLife Japan.

     

    For more information on collab 2.0 and the 6 finalists, visit http://collab.lumenlab.sg/#finalists.

     

    * This amount equates to approx..US$88,775 based on the FX rate of 1USD:JPY112.64 as at 04Oct2017

     

    About MetLife

     

    MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

     

    About MetLife Japan

     

    MetLife started operations in 1973 as the first foreign life insurance company in Japan. Since then, it has provided an innovative and broad range of products through diverse distribution channels to individual and institutional customers. It currently operates as a Japanese corporation, MetLife Insurance K.K. MetLife is committed to providing trusted navigation to help people become more self-reliant and able to pursue more from life. For more information, visit http://www.metlife.co.jp/.

     

    About LumenLab

     

    As MetLife's pioneers for disruptive innovation, LumenLab is charging ahead to create new businesses in health, wealth and retirement. Lumen, a measure of light, symbolizes our commitment to illuminating a new path for solving the problems that the people of Asia face today. Through our focus on building new products and services grounded in technology and data, we aim to help people achieve richer and more fulfilling lives. For more information, visit www.lumenlab.sg.

     

     

     

     

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    Business Wire India

    VitalityLife, a leading UK life insurance provider, is breaking new ground in automation and pricing. Powering product offerings and economies are the latest versions of Munich Re’s ALLFINANZ digital underwriting software to drive customer acquisition, underwriting and process improvement.

     

    New insurance products from recognised industry leader VitalityLife offer customers reduced premiums through ongoing health monitoring. VitalityLife's Wellness Optimiser and Vitality Nurse engage members and incentivise them to manage wellness by offering innovative dynamic pricing on their premiums.

     

    VitalityLife first installed ALLFINANZ software in 2007 but required ongoing automation only available in today's ALLFINANZ suite. Other underwriting automation software were evaluated but fell short.

     

    Andrew Smith, Underwriting Philosophy and Automation Manager at VitalityLife, said, "We aim to innovate and be the best at what we do”.

     

    "The flexibility the ALLFINANZ product suite provides will help us better structure, present and evaluate health questions and answers. In true multi-stage underwriting, it then further automates the assessment of Vitality Nurse exams, with blood tests shortly to follow.”

     

    "This capability to integrate with external data is future-proofing us for whatever new sources of information we decide to use in the underwriting journey. We need to partner with an organisation that constantly evolves and enhances its solution because we’re always looking at how we can take our business to the next level."

     

    Most applications get a final underwriting decision in less than an hour. The goal is to deliver multi-stage, nurse-involved decisions in a day.

     

    Paul Donnelly, Executive Vice President EMEA at Munich Re Automation Solutions Ltd, observes, "VitalityLife is an organisation defined by ambition, creativity and exploration. Partnering with them pushes us to be our best. Together we are on a journey to invert our thinking from asking what is possible using today’s technology to a place where we say let’s build tomorrow’s technology to enable the imaginable."

     

    VitalityLife are the first insurance company to reward people for healthy living. They are owned by Discovery Holdings, a leading global insurer with over 4.4 million clients. For more information on VitalityLife, visit https://www.vitality.co.uk/life-insurance/

     

    Munich Re Automation Solutions Ltd., a Munich Re subsidiary, is the world leading software provider of digital new business and underwriting solutions to the life insurance industry.

     

     

     

     

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    Business Wire India

    Andersen Global announces the appointment of a global Advisory Council to provide a forum for problem solving and Partner participation as international expansion continues. The Council is comprised of more than 30 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, to tackle challenges such as the scaling of the organization’s business while maintaining a strong culture rooted in the core values of stewardship, best-in-class, seamless, independence and transparency. The announcement of the Advisory Council comes shortly after the announcements of the Global Board, Regional Boards, and Senior Advisory Council, all of which provide a vehicle for creating an environment where Partners have involvement in the business.

     

    “The input of all of our Partners matters. My goal is to engage many of them in a broader capacity and facilitate an understanding of how we operate, as well as the challenges of a global business. It is critical that we do as much as possible to engage our colleagues in serving as part of the solution and have them actively involved in developing solutions to our challenges,” said Mark Vorsatz. “Our ability to have a dialogue with the Partners and obtain support as we move forward is a significant factor to enable us to formulate and execute strategy. I have a close working relationship and high level of trust with these individuals.”

     

    The Council will consist of the following individuals:

     
    • Olaleye Adebiyi, Office Managing Director of Andersen Tax LP, Nigeria (Lagos)
    • Irene Itzel Bolivar Cisneros, Partner at Rivera Bolivar y Castañedas (Panama)
    • Ellen Bonito, Managing Director at Andersen Tax LLC (Greenwich)
    • Pierre Bouley, Partner at STCPartners (Paris)
    • Frank Cassidy, Office Managing Director at Andersen Tax LLC (San Francisco)
    • Gonzalo Ceron Hernandez, Partner at Andersen Tax & Legal in Spain (Madrid)
    • Peter Coscia, Managing Director at Andersen Tax LLC (New York)
    • Jason Dannemiller, Managing Director at Andersen Tax LLC (Seattle)
    • Simon Davari, Partner at SdM (Montreal)
    • Laurie Dicker, Managing Director in U.S. National Tax (Washington, D.C.)
    • Mauricio Durango Pérez, Managing Partner at PROFILE Cia. Ltda (Quito)
    • Cathy Elchinoff, Managing Director at Andersen Tax LLC (San Francisco)
    • Juan Federico Fischer, Managing Partner at Fischer & Schickendantz (Montevideo)
    • Mark Gorman, Partner at mgPartners (Dublin)
    • Lena Hamdi, Partner at Maher Milad Iskander & Co. (Cairo)
    • Aleksandra Kalinowska, Partner at Andersen Tax in Poland (Warsaw)
    • Kevin Kiyan, Managing Director in U.S. National Tax (Los Angeles)
    • Sid Luckenbach, Managing Director at Andersen Tax LLC (San Francisco)
    • Francesco Marconi, Partner at Andersen Tax & Legal in Italy (Milan)
    • Alonso Martin Montes Bustamente, Partner at Andersen Tax & Legal in Mexico (Guadalajara)
    • Philip Muema, Managing Partner at Nexus Business Advisory Limited (Nairobi)
    • Ersin Nazali, Managing Partner of NAZALI Tax & Legal (Istanbul)
    • Goncalo Mota Nogueira, Partner at Andersen Tax & Legal in Portugal (Lisbon)
    • Bernardo Oliveira, Partner at Andersen Tax in Brazil (Sao Paulo)
    • Maria Olleros Sanchez, Partner at Andersen Tax & Legal in Spain (Madrid)
    • Toni De Weest Prat, Managing Partner at Andersen Tax & Legal (Barcelona)
    • Stuardo Ralon, Office Managing Director at Ralon Orellana & Associates (Guatemala)
    • Alessio Rossi, Office Managing Director at Andersen Tax & Legal in Germany (Dusseldorf)
    • Nikolaos Siakantaris, Managing Partner at UnityFour (Athens)
    • Adam Steinberger, Office Managing Director at Andersen Tax LLC (Silicon Valley)
    • Chad Thiel, Office Managing Director at Andersen Tax LLC (Orange County)
    • Ruben Van Aarle, Managing Partner at Andersen Tax & Legal in the Netherlands ('s-Hertogenbosch)
    • Sandra Van De Walle, Managing Director in U.S. National Tax (Houston)
    • Parvin Van Enger, Managing Director at Andersen Tax LLC (Washington, D.C.)

    Established in 2014 by U.S. member firm Andersen Tax LLC, Andersen Global has more than 2,200 professionals worldwide and a presence in over 70 locations through its member firms and collaborating firms. Andersen Global is an international association of member firms comprised of tax and legal professionals around the world.

     

     

     

     

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    Business Wire India

    Visa (NYSE: V) announced today the results of an independent study conducted by Roubini ThoughtLab and commissioned by Visa examining the economic impact of increasing the use of digital payments in major cities around the world. The study estimates that relying more on electronic payments, such as cards and mobile payments, could yield a net benefit of up to U.S. $470 billion per year across the 100 cities studied – roughly the equivalent to 3% of the average GDP for these cities.

     

    Cashless Cities: Realizing the Benefits of Digital Payments”, is a unique study that quantifies the potential net benefits experienced by cities which move to an “achievable level of cashlessness”—defined as the entire population of a city moving to digital payment usage equal to the top 10% of users in that city today. The study does not look at eliminating cash. Rather, it seeks to quantify the potential benefits and costs of significantly increasing the use of digital payments.

     

    By reducing reliance on cash, the study estimates the immediate and long-term benefits for three main groups—consumers, businesses and governments. According to the study, these benefits could add up to combined direct net benefits of approximately U.S. $470 billion across the 100 cities that were analyzed:

     
    • Consumers across the 100 cities could achieve nearly $28 billion per year in estimated direct net benefits. This impact would be derived from factors including up to 3.2 billion hours in time savings conducting banking, retail and transit transactions, in addition to a reduction in cash-related crime.
    • Businesses across the 100 cities could achieve more than $312 billion per year in estimated direct benefits. This impact would derived from factors including up to 3.1 billion hours in time savings processing incoming and outgoing payments and increased sales revenues stemming from extended online and in-store customer bases. The study also found that accepting cash and checks costs businesses 7.1 cents of every dollar received compared to 5 cents of every dollar collected from digital sources.
    • Governments across the 100 cities could achieve nearly $130 billion per year in estimated direct benefits. This impact would be derived from factors including increased tax revenues, increased economic growth, cost savings from administrative efficiencies and lower criminal justice costs due to reduced cash-related crime.

    “This study demonstrates the substantial upside for consumers, businesses and governments as cities move toward greater adoption of digital payments,” said Ellen Richey, Visa's vice chairman and chief risk officer. “Societies that substitute digital payments for cash see benefits from greater economic growth, less crime, more jobs, higher wages, and increased worker productivity.”

     

    As cities increase use of digital payments, the positive impacts can extend beyond financial benefits to consumers, businesses, and government. The shift to digital payments also may have a catalytic effect on the city’s overall economic performance, including GDP, employment, wage, and productivity growth.

     

    “The use of digital technologies—from smart phones and wearables to artificial intelligence and driverless cars—is rapidly transforming how city dwellers shop, travel, and live,” said Lou Celi, Head of Roubini ThoughtLab. “Without a firm foundation in electronic payments, cities will not be able to fully capture their digital future, according to our analysis.”

     

    “Cashless Cities: Realizing the Benefits of Digital Payments” offers 61 recommendations for policymakers to help their cities become more efficient through greater adoption of digital payments. Recommendations include undertaking financial literacy programs to help move the unbanked into the banking system, implementing incentives to stimulate innovation focused on scaling new payment technologies, implementing secure open-loop payment systems across all transportation networks and more.

     

    Visa and Roubini Thoughtlab created an online data visualization tool as a companion to “Cashless Cities: Realizing the Benefits of Digital Payments.” Using the data visualization tool, individuals can increase or decrease the level of digital usage in each of the 100 cities included in the study to better explore the benefits of a world, less dependent on cash. Visit the online data visualization tool and download the report at: www.visa.com/cashlesscities.

     

    METHODOLOGY

     

    Roubini Thoughtlab, a leading economics and evidence-based research firm, surveyed 3,000 consumers and 900 businesses in 2016 across six cities (Tokyo, Chicago, Stockholm, Sao Paolo, Bangkok and Lagos) that represent different levels of digital payments maturity. These surveys examined the use, acceptance, and cost-benefit impact of physical and digital money. Researchers then extrapolated these survey results based on specific demographic and economic data to another 94 cities around the world to determine the net impact of moving toward a cashless economy on consumers and businesses in each location. Through other sources, the research was also able to identify expected impacts on government. Researchers used World Bank, Organisation for Economic Co-operation and Development, and other well-respected secondary data sources to augment the survey results and build the overall findings. An econometric model used by various central banks and other institutions – the National Institute Global Econometric Model (NiGEM) – was used to estimate the “catalytic” impacts (economic growth, productivity, employment and wages) that a move toward digital payments would have on each of the 100 cities analyzed. Visa commissioned the study. Roubini Thoughtlab independently conducted the surveys, managed the research and developed the analysis.

     

    About Visa

     

    Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/aboutvisavisacorporate.tumblr.com and @VisaNews.

     

     

     

     

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    Business Wire India

    HybridBlock, a leading developer of advanced blockchain solutions, today introduced HybridTrade, the world’s most advanced trading platform that interfaces across multiple crypto-exchanges. Open for a Closed Beta experience later this year (full launch in early 2018), HybridTrade is built to ensure users receive optimal pricing, lowest latency and most reliable order execution. As part of the launch, HybridBlock is also introducing HybridCentral this November, a unique app-driven education hub that offers users access to easy-to-follow education modules and much more. HybridTrade, which is set to disrupt a crypto-trading ecosystem that is rife with liquidity concerns and complexity, is poised to be the de facto standard for traders of varying levels of expertise worldwide.

     

    HybridTrade, which allows users to sign up, fund and manage a single trading account, monitor their HybridFund portfolio or actively trade their account, capitalizes on arbitrage opportunities and maximizes liquidity needs across global cryptocurrency exchanges through HybridWatch, a single dashboard, interface and wallet that removes the need for traders to establish separate accounts across various global exchanges. Since these global exchanges each trade at different prices for each cryptocurrency, HybridTrade users benefit from the best pricing opportunity to buy or sell along with increased access to liquidity, and do it from a single user-friendly account specifically tailored for users’ cryptocurrency trading proficiency needs.

     

    Additionally, for traders that are seeking the large amounts of liquidity very quickly and reliably, this feature will allow them to execute trades simultaneously across multiple exchanges with millisecond-latency execution – literally THE fasted trading available on any exchange in the world. Once a trade is executed, HybridMonitor will enable users to continuously track the status of their trades and even modify a trade that is in progress. HybridChart and HybridNews will facilitate users’ needs for real-time trading data and advanced technical charting tools while also providing key updates to breaking crypto-news around the world.

     

    “Bitcoin and other cryptocurrencies are rapidly becoming household names across the world. Yet, the number of people who actually understand how to create their own wallet, fund it, purchase and use their first Bitcoin is still extremely low,” said Carson Knuth, VP operations, HybridBlock. “We believe the key to capitalizing on the market opportunity of the blockchain is by educating the masses on blockchain’s revolutionary technology, and by developing much needed blockchain business applications. The ease of use of these solutions will allow the masses to take part in and monetize the industry.”

     

    Learning about cryptocurrency and how to invest and trade it can be confusing and daunting, and because of this, HybridBlock has created HybridCentral, an app-driven education hub where information is curated by experts in the crypto space. Featuring a gamified learning methodology, students are incentivized for active daily participation in the program with the ultimate goal of enabling them to quickly gain an understanding of cryptocurrency, the blockchain space, and make their first purchase using the HybridTrade platform.

     

    With celebrities, trading experts, and other recognized experts in the blockchain space, users will enjoy easy-to-understand daily video descriptions that outline important concepts to understand, helping them improve their financial intelligence and their crypto knowledge, all by adopting HybridBlock’s innovative blockchain solutions.

     

    “HybridBlock understands that the fast moving and dynamic nature of the crypto space demands real-time information drawn from around the world,” said Jeff Dubinsky, VP sales & marketing, HybridBlock. “Whether you have only a basic understanding of buying and selling or a deep technical background, HybridTrade offers a consolidated, user friendly experience.”

     

    Online Press Kit: HERE

     

    About HybridBlock

     

    HybridBlock is the world’s most innovative trading and education platform for leveraging the disruptive technologies emerging from the blockchain space. It is an alternative for those who want to benefit from the explosive growth of cryptocurrencies without the high risk and complexity that accompanies digital asset trading. HybridBlock is simply the most efficient and effective way to participate. For more information, visit www.hybridblock.io.

     

     

     

     

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    Business Wire IndiaOnePlus, a global mobile technology company, with presence in over 35 countries, today announced the last phase of its OnePlus Diwali Dash 2017 promotions. With Diwali around the corner, OnePlus is bringing more cheer to its community. As part of its ongoing festive offers and Diwali Dash 2017, OnePlus users can win an assured prize by playing a simple game on oneplusstore.in between 10AM, 12th October and midnight on 19th October.

    This year, Diwali has been bigger than ever for OnePlus as it became one of the top selling product during Diwali sale events on its exclusive online sales partner Amazon.in with growth of up to 3x (vs last year) on event days. During the last Diwali sale event on Amazon.in scheduled during 14-17 October 2017, OnePlus fans have last chance to avail attractive offers on OnePlus smartphones.

    • Flat discount up to Rs. 5,000 on OnePlus 3T Soft Gold and Rs. 4,000 on OnePlus 3T Gunmetal Grey
    • Cashback of up to Rs. 1,750 on the SBI credit and Debit cards
    • Upto Rs. 4,000 additional off on Exchange
    • No cost EMI upto 12 months
    • Easy finance options with Bajaj Finserv
    Presenting OnePlus Diwali Dash Festival, 2017

    OnePlus today announced the ‘OnePlus Diwali Dash 2017’, to gift all OnePlus users something special for the festive season. The Diwali Dash promotions are limited to OnePlus users and is exclusively available on its online store in India - http://oneplusstore.in.

    Starting 12th October 10 AM till midnight of 19th Oct, OnePlus users need to register themselves using their OnePlus phone’s IMEI number on the Diwali Dash page https://oneplusstore.in/diwali/2017 - and win an assured e-gift voucher.

    After registration, OnePlus users can win e-gift vouchers worth up to Rs. 1,500 from OnePlus and its partner brands by playing a simple game of spin and win. As a part of the game, icons with different value will be continuously rolling on the screen and user just needs to click to freeze one of them and claim the amount. The excitement doesn’t stop at that! participants can further level up their chances by winning a ‘wild card’ which entitles users to choose any of the above vouchers of their choice.

    Additionally, for those who are not an existing OnePlus user, can avail exciting offer of free Bullet V2 earphones and Sandstone back cover with the purchase of any variant of the OnePlus 5 till 20th October, only on oneplusstore.in.
    About OnePlus

    OnePlus is a global mobile technology company challenging conventional concepts of technology. Created around the “Never Settle” mantra, OnePlus creates exquisitely designed devices with premium build quality and high-performance hardware. OnePlus thrives on cultivating strong bonds and growing together with its community of users and fans.

    For more information, please visit oneplusstore.in

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    Business Wire India

    Distribution of awards to the winners
    Distribution of awards to the winners

    UAE Exchange India along with Ernakulum District Master Athletic Association together took an initiative to honor the winners and participants from Kerala in the 20th Asian Master Athletic meet held at China from September 24th-28th 2017. The event was conducted to honor the winners and participants of the meet on October 11th 2017.
     
    On this special occasion UAE Exchange India sponsored the award to congratulate veteran athlete Mr. Vijayan C K (Retd. Staff KSRTC dept) who won 2 Gold and 2 Silver medals in different categories of athletic competitions. Winners were honored by Sri. M.P. Dinesh, IPS (District Police Chief-Kochi) along with V George Antony, MD, UAE Exchange India.
     
    Asian Master Athletic is a biannual championship held among six continental based regional affiliates of World Master Athletes (WMA). It was conducted for Veteran Athletes in which Indian team won 2nd position with 37 Gold medals.About UAE Exchange India
     
    UAE Exchange India stands ahead as one of the pioneers financial service providers, extending a holistic financial supermarket to serve and satisfies varied needs of the customers. Apart from being a forerunner in the financial arena, company has laid a cornerstone of its strong set of ethics by spreading the message of financial amenities among the countrymen. Connecting people and creating progress with the finest of quality is the vision of the company. It has an extensive reach of 370 plus branches serving a population of 1.25 million people under the proficient support of 3500 employees. The company has been instrumental in providing cost-effective service in Foreign Exchange, Money Transfer, Air Ticketing & Tours, Loans, XPay Cash Wallet, Insurance and Share Trading. An ISO certified company and prestigious global associations, UAE Exchange has also been recognized and awarded for its quality and business excellence.

    Website:
    www.uaeexchangeindia.com

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    Business Wire India

    Bank of America reported its third-quarter 2017 financial results. The news release, supplemental filing and investor presentation can be accessed in the following ways:

     

    This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171013005265/en/

     

    Investor Conference Call information

     

    Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss the financial results in a conference call at 8:30 a.m. ET today. For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), and the conference ID is 79795.

     

    Please dial in 10 minutes prior to the start of the call. Investors can also listen to a live audio webcast of the conference call and view the presentation slides by visiting the Events & Presentations section of the company’s Investor Relations website.

     

    Replay information for Investor Conference Call

     

    Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon on October 13, through 11:59 p.m. ET on October 20.

     

    Bank of America
    Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,500 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 34 million active users, including approximately 24 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

     

    Visit the Bank of America newsroom for more Bank of America news, and click here to register for news email alerts.

     

    www.bankofamerica.com

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20171013005265/en/

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    Business Wire India

    The State Bank of India (SBI) and Moody’s Analytics announced their collaboration to provide bank-wide credit certification to SBI’s employees enabling them to source, appraise and monitor loans faster. The initiative enhances SBI’s market-leading credit curriculum with the globally recognised expertise of Moody’s Analytics. The programme also addresses the Reserve Bank of India’s (RBI) mandate for financial institutions to certify the proficiency of all staff in credit management via an accredited institution.

     

    This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171010006075/en/

     
    Mr. Prashant Kumar, Deputy Managing Director, State Bank of India (SBI), and Mr. Ari Lehavi, Executi ...

    Mr. Prashant Kumar, Deputy Managing Director, State Bank of India (SBI), and Mr. Ari Lehavi, Executive Director, Moody's Analytics, launch a collaboration between SBI and Moody's Analytics to provide bank-wide credit certification to SBI's employees. (Photo: Business Wire)

    On the announcement, Mr. Prashant Kumar, DMD & CDO, SBI said, “The collaboration with Moody’s Analytics will help to enhance our employees’ ability to source, appraise and monitor loans. It will also speed up the process in more efficient manner. This programme is directly aligned with our bank’s goals, and our employees look forward to obtaining a world-class certification from Moody’s Analytics.”

     

    The Moody’s Analytics Certificate in Commercial Credit (CICC) has been adapted to India’s banking sector with the help of former SBI officials and leading industry experts.

     

    Mr. Ari Lehavi, Executive Director at Moody’s Analytics, said, “We are honoured to work with SBI to help enhance its employees’ expertise in credit assessment. We look forward to a long-lasting partnership with an organisation that shares our commitment to excellence in all aspects of credit lending and risk management.”

     

    To set a common standard of proficiency among professionals at India’s financial institutions, RBI issued guidelines on 26 April 2017 mandating certifications for specialised banking functions. RBI has accredited Moody’s Analytics certifications in the area of Credit Management.

     

    About State Bank of India

     

    State Bank of India (SBI) the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees. The bank has a deposit base of 26.02 lakh crore with CASA ratio of 43.81%. As on June 30, 2017, SBI has an extensive network, with over 23 thousand branches in India and 194 offices in 35 other countries across the world in all time zones. It has a strong network of more than 59 thousand group ATMs. With more than 2.73 lac employees it caters to a customer base of more than 42 crore which includes nearly 2.3 crore Mobile Banking users, over 4 crore Internet Banking users, 1.07 crore State Bank Buddy users. As on March 31, 2017, the bank has installed more than 6 lac PoS terminals, capturing a little over 22% of market share and 34.5 crore State Bank Debit Card holders. SBI has the highest number of Facebook followers across all banks in the world. SBI's non- banking subsidiaries / joint ventures are market leaders in their respective areas and provide wide ranging services, which include investment banking, life insurance, general insurance, mutual funds, credit cards, factoring services, security trading, etc making the SBI Group a truly large financial supermarket and India's financial icon.

     

    About Moody’s Analytics

     

    Moody’s Analytics helps financial and risk professionals worldwide respond to an evolving marketplace with confidence. The company offers unique solutions for measuring and managing financial and risk performance. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO). Moody's Corporation also includes Moody's Investors Service as its separate ratings subsidiary. Moody's corporation 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.

     

     

     

     
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    Business Wire India

    Sibos - Murex, a global leader in trading, risk management and processing solutions, is pleased to announce the successful launch of the MX.3 SaaS solution at ATB Financial. MUREX SaaS is a managed services offering for the MX.3 platform, encompassing infrastructure and application management.

     

    This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171016005092/en/

     

    ATB pursued this initiative in order to create a simple yet comprehensive foreign exchange experience for their customers. In addition to the customer benefit, ATB was also able to rationalize their IT landscape, broaden the scope of financial instruments they provide on their digital platform, and prepare for a large volume increase in their trading activities. Due to the strength of the solution’s risk management capabilities, extensive asset class coverage, and the rapid and cost-effective implementation of its SaaS offering, Murex was an obvious partner for this initiative.

     

    The first phase of the project was completed in under 10 months covering interest rate derivatives front-to-back-to-risk, including both market and credit risk as well as collateral management. ATB’s official go-live on Murex SaaS took place in August 2017. Project implementation costs were significantly reduced compared with an on premise installation. Additionally, the Murex SaaS offering has enabled ATB to reduce ongoing IT costs through outsourcing all management, maintenance and upgrades of the solution to Murex.

     

    Trading, risk and back office teams based in Calgary and Edmonton will use the Murex SaaS solution for managing interest rate derivatives from front-to-back. They will also use the system for risk management across credit risk, market risk and collateral.

     

    ATB’s Chief Transformation Officer, Wellington Holbrook notes “ATB prides itself on being a leader in the assessment and adoption of new technologies that will benefit both our team and our customers. It was clear to us Murex’s award-winning solution was the best fit for our needs. The project was completed on time and on budget. After such a smooth collaboration, we’re keen to launch Phase two of the project and extend the platform to include commodities and FX trading.”

     

    Edouard Balliere, Head of Business Development for Murex Americas remarked, “We are extremely pleased with the successful implementation of Murex SaaS at ATB. The solution will help ATB rationalize and reduce IT overheads. We also proved SaaS deployments achieve significant professional services and maintenance cost reduction over well-defined initiatives such as the one ATB assigned to us. We look forward to working closely with ATB to support their growing business in the future.”

     

    -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 60 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.

     

    About ATB Financial (www.atb.com)

     

    Customer-obsessed and transformation-oriented, ATB Financial is the largest Alberta-based financial institution, with assets of over $50 billion. Our purpose is to create happiness and making banking work for people. Today, 5,300 team members are focused on more than 725,000 customers in 244 Alberta communities to do just that.

     

    Our dedicated transformation team is made up of over 500 change agents that innovate process, enable people and add new technology. We thrive on being constantly uncomfortable, partnering with like minds, finding meaningful solutions to problems and focusing on exponential change. ATB’s transformation journey can be found at www.atbalphbeta.com.

     

     
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  • 10/15/17--20:45: Dealogic Now in Singapore!
  • Business Wire India

    Financial platform company Dealogic has opened its doors in Singapore as a sign of the company’s dedication and confidence in business opportunities in Southeast Asia. “We’ve worked with clients in Singapore for years via our Hong Kong office,” noted Romaine Jackson, Southeast Asia Head of Client Coverage at Dealogic. “We realized we could provide so much more value and deepen the relationships with a local presence.”

     

    Singapore is a major financial hub, and Dealogic has provided content and software solutions to top global banks for more than 30 years. Now with Dealogic Connect, its new buyside offering, the company is working closely with investment managers too.

     

    “We’re very excited,” added Mr. Jackson. “The new office lets us better understand the specific needs of the region, and in-person support means faster product delivery, better services, and ultimately, an impact on clients’ bottom line.”

     

    Singapore is a continuation of Dealogic’s investment across the Asia Pacific region, with offices already in Hong Kong, Tokyo, Sydney, and Mumbai. With a truly global and growing network, Dealogic is uniquely positioned to connect banks and investors like no one else can.

     

    Dealogic Singapore Limited
    8 Marina View
    Asia Square Tower 1
    Level 07-04
    Dedicated telephone number: +65 6407 1020

     

    About Dealogic

     

    Dealogic offers integrated content, analytics, and technology via targeted products and services to financial firms worldwide. Whether working in capital markets, sales and trading, banking, or the buyside, firms rely on Dealogic’s platform to connect and more effectively identify opportunities, execute deals, and manage risk. With 30 years’ experience and a deep understanding of financial markets, Dealogic is a trusted global partner.

     

     

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