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 | .... | 55 | 56 | (Page 57) | 58 | 59 | .... | 69 | newer

    0 0

    Business Wire India

    • Introduces 4 new alt coins for crypto-to-crypto trading
    • Launches Bitcoin Cash, Ethereum, Ripple and Litecoin
    • Plans to launch 20 new coins in the next 6 months
    • Aims to have more than 2,50,000 investors by December 2018
    • Launches an updated app with superlative user experience
    Belfrics Group, India’s fastest growing crypto currency exchange and blockchain development platforms, today announced that it will resume trading operations on it’s Indian exchange by introducing 4 new crypto currency coins. The platform has launched Ethereum, Bitcoin Cash, Ripple and Litecoin across all its global exchanges in Malaysia, Singapore, Bahrain, Kenya, Nigeria, Tanzania and India. This will open up multiple trading doors for the Indian crypto currency enthusiasts who can now trade with global investors on the Belfrics platform. Belfrics traders can enjoy the crypto-to-crypto trading option starting from June 2018.
     
    Jabeer KM, Group COO, Belfrics Group said, “India is a key market for us when it comes to crypto trading. With the launch of these new coins we are targeting a base of at least 2,50,000 new traders on our platform by December 2018. We understand that the RBI has reservations on trading in crypto currencies and digital currencies. But we are confident that they will be coming up with their own set of regulations for this industry. From our end, we are making sure that Belfrics Group is ready with multiple options for our Indian customers when crypto trading becomes regularized.”
     
    Simplifying its offerings, Belfrics Group has also launched a dedicated app for live order-book trading of various altcoins, supporting the growing ambition of highly active crypto traders with an extensive range of tools and functionalities. Mr. Santhosh Palavesh, Chief Innovative Officer, Belfrics Group said, “The new Belfrics app will supports multiple crypto-assets and provides crypto-to-crypto trading enthusiasts with unlimited order validity and transparent order depth. The traders can now securely link their assets with our Belfrics wallet, which will give them a seamless experience to transfer their crypto currencies. The new app will be available for both Android and iOS users.”

    Now that Belfrics Group’s crypto exchange platform is live across multiple countries, crypto traders will get multiple options to strategically carve out their trading strategy.
    About Belfrics Group

    Belfrics is one of the leading global blockchain technology firm and cryptocurrency exchange, which is focused to make the cryptocurrency technology effortless to use and accessible to all with an easy to use interface. The company was created in 2014 by a group of competent entrepreneurs; who envisioned the opportunities and benefits of cryptocurrencies as the future of the digital currency market.
     
    Globally headquartered in Kuala Lumpur and having its development center in Bengaluru, India, Belfrics has rapidly expanded to key markets like exchanges in Malaysia, Singapore, Bahrain, Kenya, Nigeria, Tanzania and India. Belfrics has already structured a team of blockchain specialists and skilled trading industry professionals who aim at maximizing the benefits of an individual investor through the company’s reliable, simplified and secured trading platform. Belfrics is not merely an online presence but a team of trusted providers of cryptocurrency services who understand the status and constant fluctuations of the global scenario and are fully equipped to successfully guide individuals and help them yield maximum benefit.

    0 0

    Business Wire India

    • Year 2018 marks Innovation as the key game changer in the life insurance sector
    • Max Life Insurance, takes the coveted top spot in 2018
    Insurance India is an annual study that is conducted by Kantar IMRB International each year is in its 7th edition this year and tracks changing customer attitudes and behaviours. This year, the coverage includes feedback from nearly 7000 Customer, 13 players and more than 15 cities across India. Customer feedback was gathered during the first quarter of 2018.

    The Indian life insurance sector has a long history and has evolved over the decades, from being a public sector monopoly to one that has attracted many private players. According to IRDA, the sector is growing at a speedy rate of 15-20% and together with banking services, add about 7% to our nation’s GDP. The sector has always posed its share of challenges for the companies operating in this space.

    Insurance India states that the loyalty levels for the sector at large, stands at a modest 69%, recording a stronger loyalty in tier 2 towns as opposed to metro cities.

    Highlights
    • In terms of brand rankings, Max Life Insurance takes the coveted top spot in 2018, closely followed by industry behemoth SBI Life, with LIC and Birla Sunlife in joint third position.
    • In 2017, we saw for the first time in six years of tracking this sector, LIC being upstaged from its leadership position on customer loyalty. That pattern continues this year too, with LIC staying in 3rd position on loyalty.
    • Innovation is the key to customers this year. Brands that are not seen as innovative have fallen in their loyalty ranking as well. The other non-negotiables are reliability and fair treatment and a strong agent-customer interface.
    • ‘Trust’, ‘Reliability’, ‘Transparency’ and ‘Fair treatment’ are still among the most important qualities sought by customers in their life insurance service provider.
    • Another factor that is very important to the life insurance customer is the heritage/lineage of the brand. Customers are unwilling to put their money in a brand that does not have a credible name or a long standing in the market.
    • Younger customers, the most insurable segment (25-34 year olds) are more loyal than older customers.
    • New customers, who have come on board within the last 6 months are much more disgruntled than last year on all aspects of the onboarding process.
    Talking about the brand rankings, Praveen Nijhara, Senior Executive Director, Kantar IMRB & Head, Stakeholder and CX Business stated, “What changed the game for Max life insurance – The no. 1 brand, in this year’s rankings is the fact that the brand is being perceived to have churned out more innovative products and is seen to be transparent in its dealings with customers. LIC, despite losing its status as a loyalty leader, continues to enjoy the reputation of being easy to deal with and scores high on its range of products and network of branches as compared to many others. It has lost somewhat to the private players on the innovation front.”
     
    “One must note that customers don’t care as much for abundant choice in products as they do for the product being the right fit and right for their need. Interestingly, we also find that till a few years ago, LIC had enjoyed sole top status in terms of being trustworthy, reliable and ethical, and customers were skeptical of many of the private players. However, over the years this has changed with customers beginning to trust private brands as well. Customer confidence in private insurance brands is on the increase and so is the belief that they are here to stay and can be trusted with their investment,” added Nijhara.

    Kantar IMRB Recommendations:

    Bridging the gaps between customer needs and current service delivery levels
    • Continue to educate the customer
    • Invest in the agent
    • Stay in touch or lose your customer
    • Simplify and differentiate the advertising
    • First impressions matter
    Improve the online experience
    • Ease of logging on
    • Visual appeal
    • Ease of navigating
    • Clarity of information given on the website
    • Ease of transacting on the website
    Brand Rankings
     
      2018 loyalty ranking
    Max Life Insurance 1
    SBI Life Insurance 2
    Birla Sun Life Insurance 3
    Life Insurance Corporation of India 3
    ICICI Prudential Life Insurance 5
    Bajaj Allianz Life Insurance 6
    Reliance Nippon Life Insurance 6
    HDFC Life Insurance 8
    Kotak Life Insurance 8
    PNB MetLife Insurance 10
    Bharti AXA Life Insurance 11
    Aviva Life Insurance 12
    IDBI Federal Life Insurance 13
     
    Please note:- The Relative Rankings are based on a proprietary loyalty framework used by Kantar IMRB that classifies customers basis their stated behaviour and attitude in the survey. 

    0 0

    Business Wire India

    OTC Exchange Network, Inc. ("OTCXN"), a blockchain-powered capital markets infrastructure company, has announced that it completed its first live test trades, which it believes to be the world’s first exchange of tokenized US Dollars and tokenized Bitcoin between two separate trading accounts over an electronic trading platform with assets held in safekeeping at a neutral custodian and digitized on blockchain.

     

    Today, institutional traders conduct block trades of fiat currency and cryptocurrency over e-mail and chat, relying on the reputation and credibility of their counterparties to honor their part of the trades, often taking hours to confirm and settle. The OTCXN platform removes trading counterparty and settlement risk with an atomic exchange of assets on high-performance blockchain and facilitates settlement of transactions instantly, not in hours or days.

     

    Custodians on the OTCXN network use the provided solution to create unique, private blockchain ledgers to represent assets they safekeep on behalf of traders on the OTCXN network. Counterparties’ trades over OTCXN’s block trading platform are enforced by real-time pre-trade credit checks against provable assets on the custodian blockchain ledgers. Trading entities on the OTCXN network use the provided solution to interact directly with the custodian for issuance and redemption of their digital assets. The test trades were conducted using two separate accounts maintained at an escrow services company by OTCXN, one account holding US dollars and the other holding Bitcoin. Volantis Escrow Platform LLC served as the custodian.

     

    “We are profoundly excited to participate in this, the first trade of its kind,” said Barry Thompson, Managing Partner of Volantis Escrow. “We believe that OTCXN’s platform will transform the marketplace, by enabling assured and transparent execution, becoming a trusted cornerstone driving the maturation of the fiat and crypto markets.”

     

    “We believe this is a world first,” said Rosario M. Ingargiola, founder and Chief Executive Officer of OTCXN. “We’ve received dozens of inquiries from trading firms and custodians about our launch date. I’m thrilled that our live test trades were a success and that we’ll soon bring our solution to the market. An independent custodian used OTCXN’s solution for custodians to digitize both fiat and crypto, and these assets were exchanged instantly without trading counterparty or settlement risk.“

     

    OTCXN’s first product delivers end-to-end OTC block trading capabilities for trading fiat vs. crypto, crypto vs. crypto and fiat vs. fiat, all for delivery with instant settlement. OTCXN plans to launch a public beta on July 9, 2018.

     

    About OTCXN

     

    OTC Exchange Network (“OTCXN”) is a capital markets infrastructure company using proprietary blockchain technology to eliminate the need for traditional intermediaries and trust between trading counterparties, reducing the risk, friction, and cost of trading. www.otcxn.com @OTCXN

     

     

     

     

    0 0

    Business Wire India

    Wibmo Inc., India’s largest provider of digital payment authentication and security today announced the launch of TridentTM, the next generation fraud management system for digital payments. TridentTM is designed to replace eGuardTM - the company’s first generation fraud prevention system in use by leading banks in India today.

     

    Advanced fraud prevention for digital payments in emerging markets

     

    According to the company, TridentTM is a comprehensive, enterprise fraud prevention system that performs real-time fraud detection with a combination of rules-based approach and advanced analytics augmented with machine learning. “Being offered in the industry as a low cost, best-of-breed capability, TridentTM leverages our longstanding insight into the payment security domain in India,” said company CEO Govind Setlur. “The experience with eGuardTM, which today secures millions of payment transactions at India’s leading banks, and the industry leadership in payment authentication has enabled us to launch an intelligent, low cost fraud management capability in TridentTM designed for emerging markets such as India,” he added.

     

    TridentTM is designed to work across multiple channels, devices, and payment instruments seamlessly. It profiles and scores each transaction in real-time based on point-in-time fraud trends and patterns, historical data, and customer behavior.

     

    Continued Innovation and Leadership in Payment Security

     

    According to the company, TridentTM brings to bear a number of innovations to protect all parties in a payment transaction. With its seamless integration of dynamic rules, machine learning, device intelligence, and behavioral analytics, TridentTM truly brings state-of-art fraud protection to digital payments. Further, in markets such as India, it supports extensions for configuration of regulatory controls and consumer-centric, multi-instrument fraud scoring and prevention.

     

    About Wibmo Inc.

     

    Wibmo Inc. a Cupertino, California company is a leading provider of payment security and mobile payments in emerging markets with a strong market presence in India, one of the world’s leading digital payment markets.

     

     

     

     

    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 2019 first quarter financial and operating results at approximately 6:00 a.m. Eastern on Thursday, July 19, 2018.
     
    Following the release, WNS management will host a call on July 19, 2018 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 2019 first quarter ended June 30, 2018 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 8939945.
     
    A replay will be available for one week following the call at +1-855-859-2056; international dial-in +1-404-537-3406; passcode 8939945, 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 350+ 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 March 31, 2018, WNS had 36,540 professionals across 54 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

    Mr. Vishal Sharma, Director of Greysoft (L) with Mr. Praveen Suvarna, BFSI Head at BMGI
    Mr. Vishal Sharma, Director of Greysoft (L) with Mr. Praveen Suvarna, BFSI Head at BMGI

    BMGI, a global management consulting firm, has entered into a strategic partnership with Greysoft, an emerging global software technology company, to provide end-to-end solutions to customers on automation. 
     
    Mr. Naresh Raisinghani, CEO & ED at BMGI, commented, “We have decided to provide our BFSI clients with a one-stop solution to latest available technology and to identify the top technology fintech providers in the field. Companies today are looking at digitisation to transform their revenue and sales, improve customer experience and increase operational efficiency. We are happy to have partnered with Greysoft, a technology firm specialising in robotic process automation and software strategy, to achieve these goals. We want to help our clients significantly improve productivity, make their processes lean with minimal errors with the help of automation.”
     
    “We have worked with a number of key companies to help them solve their tech challenges and move towards digitisation using our expertise in technology, and we are happy to work with a leading management consulting firm like BMGI to provide more holistic solutions to our clients,” said Mr. Vishal Sharma, Director at Greysoft.About BMGI
     
    Breakthrough Management Group International (BMGI), a global consulting firm, partners organizations transform their business performance with a strong focus on delivering results. BMGI enables businesses to solve strategic, organizational and process problems. BMGI has partnered with organizations in various stages of their business life cycles and has delivered cumulative benefits to its clients worth several billion dollars with an engagement ROI of 5:1 to 20:1.
     
    In India, BMGI is located in Mumbai. BMGI’s clients include leading Fortune 1000 Global companies and other Indian companies from diverse industries such as financial services, IT/ITES, airlines, chemicals, FMCG, discrete manufacturing, telecommunications, petrochemical, textiles, healthcare & energy. Learn more at: http://www.bmgindia.com/

    0 0

    Business Wire IndiaIntuit Inc. (Nasdaq: INTU), a leading provider of business and financial management solutions for small and mid-sized businesses has been ranked # 2 in 'India's Best Companies to Work For - 2018' list. In addition, the company was also recognized in two special categories Best Workplaces - Career Management and Culture of Innovation. This marks Intuit’s 5th consecutive Top 10 ranking and its second-best rank over the last nine consecutive appearances on the list released annually by the Great Place to Work (GPTW) Institute in partnership with The Economic Times. Last year Intuit India ranked #1 on this list.
     
    Intuit India’s operations include more than 1000 employees working in the company's India Development Center and the India business organization. Intuit India started its journey with great practices and policies teamed with an enriching work environment. Through the last year, Intuit has invested in reimagining the employee experience so that every employee feels empowered to contribute to building a great workplace. Empowering the engagement to be employee owned and driven has led to defining outcomes for the organization that has a long-term impact.
     
    “Over the years we have lived our core value of 'Be Bold' by raising our ambition of being the best," said Sanket Atal, Managing Director, Intuit India"Our culture has been a testament to that and has helped us craft the best employee experiences from building a world-class engineering center to implementing unique employee friendly practices and policies. We empower our talent to bring their whole selves to work and do the best work of their lives. I believe that's why we consistently ranked among the very best in India and around the world."
     
    “We are constantly evolving smarter talent processes with a focus on employee experience,” said Somnath Baishya, HR Director, Intuit Global Development Centers"We continue to invest towards new technologies as Intuit India believes that Innovation is the fundamental lever to transform lives and Data and AI will play a pivotal role in this. Everyone is encouraged to listen, observe our customers, and dedicate time to best address their challenges. We believe in the power of Culture and Leadership and coach our people leaders to unlock the untapped potential of our talent."
     
    Intuit also has developed programs supporting diversity and inclusion. To support those with special needs and raise awareness among employees, the company conducted sign language and sensitization workshops for hiring managers, teams, and key stakeholders. In addition, the company hired interns with special needs who received training in assistive technology and product accessibility.
     
    The Methodology

    In India, more than 600 organisations applied to Great Place to Work® Institute to undertake the assessment this year, making it the largest Study in the space of Workplace Recognition. The Institute has an objective methodology for assessing workplace culture that has been adopted by thousands of organisations, globally.
     
    The GPTW Institute uses a unique employee-centric framework that measures levels of trust, pride, and camaraderie prevalent in an organization through the Trust Index©, a proprietary employee survey tool developed by the Institute. All participating companies are evaluated primarily on the basis of their employees' responses to the survey, which is given 2/3rd weight of the overall score. The remaining 1/3rd of the score is derived from Culture Audit©, a tool that assesses the strength of people practices, philosophy, and values of an organization. Thus, the objective assessment of an organization's people practices and employee experiences help identify the best workplaces in the country. 
    About Intuit India

    Intuit is the maker of QuickBooks, the world's No.1 online accounting solution for small businesses. Launched in India in 2012, Intuit QuickBooks has been helping small businesses in the country prosper by making more money, eliminating work and being more confident in financial decisions. Intuit India, the company's first venture in Asia Pacific, commenced operations in 2005 and currently has more than 1,000 employees. Intuit stands on the core principles of customer-driven innovation and powering prosperity through its ecosystem of innovative financial management solutions. Intuit is an employer of choice having appeared on the Great Place to Work Institute and Economic Times 'India's Best Companies to Work For' for the past nine years and ranking #2 in 2018.

    For more information visit us at QuickBooks India and follow us on Facebook.
     
    About Intuit Inc.

    Intuit’s mission is to Power Prosperity Around the World. Its global products and platforms, including TurboTax, QuickBooks, Mint and Turbo, are designed to empower consumers, self-employed, and small businesses to improve their financial lives, finding them more money with the least amount of work, while giving them complete confidence in their actions and decisions. Intuit’s innovative ecosystem of financial management solutions serves partners and 46 million customers worldwide, unleashing the power of many for the prosperity of one. 

    For the latest news and in-depth information about Intuit and its brands, visit Intuit.com and follow on Facebook.

    0 0
  • 07/06/18--05:15: WNS Launches 'WNS Education'
  • Business Wire IndiaWNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today launched ‘WNS Education,’ a learning academy that offers employees the opportunity to receive ‘Digital and Business Process Management’ certifications, enabling them to reskill and upskill for the digital future.

    Digital transformation is ubiquitous now, and clients expect their BPM partners to provide intelligent and insightful process expertise with a view towards the future.  In order to proactively lead necessary change, BPM providers must consistently look at ways to transform the capability of their workforce through internal measures.

    “We see digital automation more as an opportunity than a threat,” said Keshav R. Murugesh, Group CEO WNS. “WNS recognizes the need to get future-ready and fast. ‘WNS Education’ will help re-orient skillsets specific to the BPM sector on a need basis and broaden the capabilities of our people, creating a digital-ready workforce of digital resources.”

    “After extensive research on the changing business landscape, new people skills that need to be honed and the likely business differentiators going forward, a BPM-specific curriculum has been developed with Mindmap as our partner,” said R. Swaminathan, Chief People Officer, WNS. “We will begin by launching the WNS Certified BPM Professional and the WNS Certified Digital BPM Professional courses. Each certification is a structured, curriculum-based learning spanning both online and classroom formats, thereby ensuring an immersive learning experience. We believe that the best gift we can give our employees is that of staying relevant!”
    About WNS

    WNS (Holdings) Limited (NYSE: WNS), is a leading global business process management company. WNS offers business value to 350+ 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 interaction services, technology solutions, research and analytics and industry specific back office and front office processes. As of March 31, 2018, WNS had 36,540 professionals across 54 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

    Coindelta introduces Flux, a peer-to-peer platform to buy and sell cryptocurrencies
    Coindelta introduces Flux, a peer-to-peer platform to buy and sell cryptocurrencies

    Pune based cryptocurrencies exchange, Coindelta has announced the launch of Flux, a peer-to-peer platform to trade bitcoin and other cryptocurrencies. The announcement comes after the RBI ban on the banks to stop providing services to the companies or individuals dealing in virtual currencies, effective from July 5.
     
    Flux is a trusted peer to peer network where people will be able to trade bitcoin, ethereum, ripple, and USDT. USDT is a stable cryptocurrency the price of which is pegged to $1. Flux and Coindelta will be integrated with each other seamlessly. Flux will go live on July 15.
     
    Shubham Yadav, Head of Business, Coindelta says, “Flux will enable you to trade the same digital assets that you used to buy and sell on our flagship product, Coindelta. Exchange based on the similar model has been very inefficient so far, but we have worked out the dynamics for this and are coming up with a faster and a more efficient peer to peer exchange.”
     
    Flux will allow buyers to make deposits into seller’s account directly. Once the deposit is confirmed by both the parties, Flux will transfer bitcoins from seller’s account to the buyer’s account. The platform will include a robust dispute system along with a rating mechanism to build trader’s reputation on the platform.
     
    “Many people are confused on what their cryptocurrencies be worth after July 5. It should be noted that cryptocurrencies or their trading are not illegal. You will still be able to buy or sell your bitcoins through peer to peer exchanges. There are so many crypto-to-crypto exchanges where you can trade one cryptocurrency with another,” says Shubham.

    “It’s not some tulip bubble but a technology breakthrough, cryptocurrencies or tokens derive values from their use cases into their underlying technology. It is becoming a new class of financial asset, the likes we have never seen. And this thing is not something which is restricted to India but disrupting the global industry. It’s not doomed yet; it has just begun.”
     
    The government has set up a committee which is supposed to propose a regulatory draft for virtual currencies in India by mid-July.About Coindelta
     
    Established in 2017 and headquartered in Pune, Coindelta has become one of the most trusted bitcoin exchange in India. The users can also download their app to trade in cryptocurrencies; the app is available on Android. Coindelta is one of the members of the Blockchain and Cryptocurrency Committee of the IAMAI which is the industry association in India.
     
    Link to the announcement: https://medium.com/coindelta/announcing-coindelta-flux-a-peer-to-peer-exchange-platform-8a52d5feafde

    0 0

    Business Wire IndiaDue to the uncertain economic conditions and upheaval in the finance sector, investors are feeling hesitant to invest the money in the equity market due to the high-risk perception. As a result, investors are looking for safer investment avenues which offer assured income and are free from market risks. This has led to a significant increase in the popularity of FD, and a large number of investors are investing their money in fixed deposits to enjoy the various benefits offered by this investment avenue. Fixed Deposits from Bajaj Finance offer one of the best investment options for investors who do not want to expose their money to the market risks and are highly popular amongst investors from various walks of life.

    Bajaj Finance Fixed Deposits

    Bajaj Finance Fixed Deposits offer one of the highest interest rates in the market starting at 8.40% and going up to 8.75%. These Fixed Deposits are rated high on safety and stability and have ICRA’s MAAA (stable) rating and CRISIL’s FAAA/Stable rating, assuring investors of timely payouts. Investment in Bajaj Finserv fixed deposits can be started from as low as Rs. 25,000/- and the maximum tenor being 60 months. There are no restrictions on renewals and investors can choose to renew their fixed deposits as many times as they want. With online account management through the Experia portal, investors can exercise complete control over various aspects of their investment with Bajaj Finserv.

    Factors affecting Fixed Deposit Interest Rates

    • Tenor
    Interest on fixed deposits varies significantly according to the tenor chosen at the time of starting the investment. Many lenders offer high FD interest rates of special durations. Bajaj Finserv offers 0.25% higher interest rate on investment for 15 months as compared to one year.
    • Amount Invested
    The total amount invested in a fixed deposit also affects the interest rate applicable to the instrument. With Bajaj Finserv, customers can start investing from as low as Rs. 25,000/- and can earn up to 8.75% interest.
    • Renewals
    Investors can earn higher interest rates on fixed deposits by opting for auto renewal facility. This also eliminates the need to keep track of renewal dates. Bajaj Finserv offers additional 0.10% renewal benefit to customers choosing for auto renewal. You can anytime check your maturity amount with FD Calculator
    • Age
    Age of the investor also plays a role in determining the rate of interest applicable on a fixed deposit. Senior citizens usually earn higher interest rates as compared to average investors. Bajaj Finserv offers 0.35% additional interest rate on senior citizens fixed deposits.
    • Economic conditions
    The prevailing economic conditions in the country combined with the monetary and fiscal policy have a significant say on the interest rates applicable on fixed deposits.
     
    Fixed deposits offer the investors an incredible opportunity to earn the highest rate of return amongst all the risk-free investment opportunities and build their retirement corpus efficiently.

    For any queries feel free to contact Bajaj Finserv Customer Care.


    0 0

    Business Wire India

    Mr. Vishal Sharma, Director of Greysoft (L) with Mr. Praveen Suvarna, BFSI Head at BMGI
    Mr. Vishal Sharma, Director of Greysoft (L) with Mr. Praveen Suvarna, BFSI Head at BMGI

    BMGI, a global management consulting firm, has entered into a strategic partnership with Greysoft, an emerging global software technology company, to provide end-to-end solutions to customers on automation. 
     
    Mr. Naresh Raisinghani, CEO & ED at BMGI, commented, “We have decided to provide our BFSI clients with a one-stop solution to latest available technology and to identify the top technology fintech providers in the field. Companies today are looking at digitisation to transform their revenue and sales, improve customer experience and increase operational efficiency. We are happy to have partnered with Greysoft, a technology firm specialising in robotic process automation and software strategy, to achieve these goals. We want to help our clients significantly improve productivity, make their processes lean with minimal errors with the help of automation.”
     
    “We have worked with a number of key companies to help them solve their tech challenges and move towards digitisation using our expertise in technology, and we are happy to work with a leading management consulting firm like BMGI to provide more holistic solutions to our clients,” said Mr. Vishal Sharma, Director at Greysoft.About BMGI
     
    Breakthrough Management Group International (BMGI), a global consulting firm, partners organizations transform their business performance with a strong focus on delivering results. BMGI enables businesses to solve strategic, organizational and process problems. BMGI has partnered with organizations in various stages of their business life cycles and has delivered cumulative benefits to its clients worth several billion dollars with an engagement ROI of 5:1 to 20:1.
     
    In India, BMGI is located in Mumbai. BMGI’s clients include leading Fortune 1000 Global companies and other Indian companies from diverse industries such as financial services, IT/ITES, airlines, chemicals, FMCG, discrete manufacturing, telecommunications, petrochemical, textiles, healthcare & energy. Learn more at: http://www.bmgindia.com/

    0 0

    Business Wire India

    Sportradar, the global leader in analysing and leveraging the power of sports data, announced two new strategic partners: Canada Pension Plan Investment Board (CPPIB) and Silicon Valley-based growth equity firm TCV.

     

    CPPIB, through its wholly owned subsidiary, CPP Investment Board Europe S.à r.l., and TCV will together acquire a stake in Sportradar at an enterprise value of EUR 2.1Bn (~USD 2.4Bn) from private equity firm EQT and certain minority shareholders. Carsten Koerl, Founder and CEO, will retain his entire ownership position in Sportradar and will continue to drive its future development and growth. EQT will also reinvest a portion of its sale proceeds into Sportradar. Additional existing shareholders include Revolution Growth, Ted Leonsis, Michael Jordan, and Mark Cuban.

     

    “CPPIB and TCV are both known for extensive global tech experience and a track record for working alongside innovative management teams to help achieve their long-term vision,” said Carsten Koerl, CEO of Sportradar. “Having two new investors with a strong North American footprint is ideal given our increasing focus and expanding operations in the U.S., as the sports industry evolves to meet the expectations of today’s sports fans. Sportradar will continue to develop best-in-class, integrity and technology- driven services as we expand into new market segments, and we’re excited to have such a strong team behind us.”

     

    Sportradar is the nexus between sports and entertainment, serving leagues, news media, consumer platforms and sports betting operators with deep insights and a suite of strategic solutions to help grow their businesses. Sportradar is the trusted partner of more than 1,000 companies in over 80 countries and serves as the official partner of the NBA, NFL, NHL and NASCAR as well as FIFA and UEFA. It is also the only provider entrusted to work with the US sports leagues in an official capacity to distribute sports data (NBA and NHL) and AV content (MLB) around the world for betting purposes. With deep industry relationships, Sportradar is not just redefining the experience of being a sports fan; it also safeguards fairness in the sports themselves through its Integrity Services team. By monitoring abnormal betting patterns or social signals around matches, Sportradar’s Integrity Services division has escalated insights to authorities that have resulted in hundreds of sporting sanctions globally.

     

    “The sports data market, particularly real-time data, is a compelling long-term investment opportunity, with strong growth driven by rising fan engagement, opening of new markets and increasing spend on digital sports content globally,” said Ryan Selwood, Managing Director, Head of Direct Private Equity, CPPIB. “We are excited to partner with Carsten and look forward to supporting his innovative vision for Sportradar by further investing into artificial intelligence and global expansion.”

     

    “Sportradar is a world-class sports data business that has maintained an impressive track record of delivering best-in-class technology solutions with a customer-centric approach,” said John Doran, General Partner at TCV. “We look forward to working with Carsten and the team to take advantage of the developing U.S. market and drive the evolution of how sports content will be consumed in the future.”

     

    “Through this investment, CPPIB is able to participate in a compelling global technology growth story alongside our new partners, including Carsten and TCV,” said Alain Carrier, Senior Managing Director and Head of International, CPPIB. “We are thrilled to have the opportunity to work with Sportradar’s management team as they drive the company forward across new customer segments and geographies.”

     

    “We love backing great CEOs with a big vision, and Sportradar fits that profile perfectly,” said Jay Hoag, founding General Partner at TCV. “We are excited about working with Carsten, CPPIB, and existing shareholders to accelerate product innovation and drive continued growth.”

     

    “Revolution invested in Sportradar because we know how powerful real-time data and analytics have become to the live sports business. Sportradar’s vision for how the world will use this data has made them the most influential sports data and information company in the world and they are well-positioned for expansion in the U.S. market given the recent decision by the Supreme Court to legalize sports betting,” said Ted Leonsis, Revolution Growth Cofounder and Partner.

     

    EQT initially invested in Sportradar through its fund EQT Expansion Capital II in 2012, and subsequently invested through its fund EQT VI in 2014. During its partnership with EQT, Sportradar has seen positive organic and acquisition-based growth at approximately 40% revenue growth annually, and has grown its presence in Europe, the United States and Asia via the addition of 1,400 employees and a number of key strategic hires. The company now monitors and delivers insights from more than 400,000 matches annually across 60 sports categories, having developed the industry’s most proficient software while setting new standards for speed and accuracy.

     

    “Sportradar has undergone an extraordinary transformation and is today a true global market leader in the sports data and digital content solutions space. The management team – led by Carsten – has done a fantastic job in driving the business towards the strategic vision that formed the basis for the partnership between Carsten and EQT,” said Dominik Stein, Partner at EQT. “We are convinced that CPPIB and TCV will be great partners to drive the strategic agenda for the future and EQT is excited to maintain a minority stake in the company.”

     

    Closing of the transaction is expected in Q4 2018, subject to the receipt of all necessary regulatory approvals and consents.

     

    About Sportradar

     

    Sportradar is the leading global provider of sports data intelligence. The nexus between sports and entertainment, the company serves leagues, news media, consumer platforms and sports betting operators with deep insights and a suite of strategic solutions to help grow their businesses. Sportradar is the trusted partner of more than 1,000 companies in over 80 countries and serves as the official partner of the NBA, NFL, NHL and NASCAR as well as FIFA and UEFA. It is also the only provider entrusted to work with the US sports leagues in an official capacity to distribute sports data (NBA and NHL) and AV rights (MLB) around the world for betting purposes. The company monitors and delivers insights from more than 400,000 matches annually across 60 sports categories, having developed the industry’s most proficient software while setting new standards for speed and accuracy. With deep industry relationships, Sportradar is not just redefining the sports fan experience; it also safeguards the sports themselves through its Integrity Services division and advocacy for an integrity-driven ecosystem that is fair to partners, players and fans. For more information, visit www.sportradar.com.

     

    About Canada Pension Plan Investment Board

     

    Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 20 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2018, the CPP Fund totalled C$356.1 billion. For more information about CPPIB, please visit www.cppib.com or follow us on LinkedIn or Twitter.

     

    About TCV

     

    Founded in 1995, TCV provides capital to growth-stage private and public companies in the technology industry. Since inception, TCV has invested over $10 billion in leading technology companies and has helped guide CEOs through more than 115 IPOs and strategic acquisitions. TCV has invested over $1 billion in Europe. Investments include Airbnb, Altiris, AxiomSL, Believe Digital, Dollar Shave Club, EtQ, ExactTarget, Expedia, Facebook, Fandango, GoDaddy, HomeAway, LinkedIn, Netflix, Rent the Runway, Sitecore, Splunk, Spotify, TourRadar, Varsity Tutors, and Zillow. TCV is headquartered in Menlo Park, California, with offices in New York and London. For more information about TCV, including a complete list of TCV investments, visit www.tcv.com.

     

    About EQT

     

    EQT is a leading investment firm with approximately EUR 50 billion in raised capital across 27 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. More info: www.eqtpartners.com

     

     

    0 0

    Business Wire India

    Regulatory News:

     

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180710005118/en/

     

    FlexTrade (@FlexTrade) and The SmartStream Reference Data Utility (RDU) today announced the integration of the SmartStream RDU with the FlexTRADER EMS (execution management system). The integration offers mutual clients the ability to embed SmartStream RDU’s Systematic Internaliser (SI) Registry information directly into the send order ticket, providing much needed clarity on counterparty SI status, prior to key 2018 MiFID II milestone dates.

     

    The SI Registry fills a gap in the MiFID II reporting regime, which requires that industry participants identify whether trading counterparties are SIs for the financial instrument that they are trading, so that they can determine which counterparty must report the trade. However, no mechanism is provided in the MiFID II framework to determine SI status. The problem is especially acute for asset managers and hedge funds, who have not built the infrastructure needed to support reporting, and rely on their SI counterparties for those functions.

     

    The SI Registry is a collaboration between the SmartStream RDU, the Approved Publication Arrangement (APA) community and their SI clients to provide a consolidated register of systematic internalisers mapped to instruments. It will become increasingly important as the SI Regime becomes mandatory from 1st September 2018.

     

    “Now that we’ve moved to MiFID II business as usual, we have started to look at how we can make compliance a more integrated part of a trader’s workflow,” said Andy Mahoney, Head of Sales, FlexTrade UK Ltd. “With the first systematic internaliser assessments coming up later in the year, integration with SmartStream RDU’s SI Registry gives traders the transparency they need on a counterparty’s SI status before routing an order.”

     

    “The SI Registry offers transparency that is needed as part of the trade workflow and integration into FlexTRADER EMS making it easy for our mutual customers to make more informed choices. With the mandatory SI regime commencing from the 1st September this year, we see more brokers offering SI services and growing demand from clients to understand who is offering what,” said Peter Moss, CEO of the SmartStream RDU.

     

    “FlexTrade’s integration with the SmartStream RDU is fully cross-asset and embedded directly into the send order ticket as a flag to identify whether the selected counterparty is operating as an SI in the given instrument,” continued Mahoney. “Embedding regulatory compliance information into the EMS ensures the path to best execution is as efficient as possible.”

     

    To find out more about the integration of the SmartStream RDU in FlexTRADER, or to request a demo, please contact sales_eu@flextrade.com.

     

    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 SmartStream Reference Data Utility

     

    The SmartStream Reference Data Utility (RDU) is a managed service that delivers complete, accurate and timely reference data for use in critical regulatory reporting, trade processing and risk management operations, dramatically simplifying and reducing unnecessary costs for financial institutions. The RDU acts as a processing agent for its participants selected data sources; sourcing, validating and cross-referencing data using market best practises so that these processes do not need to be duplicated in every financial institution. An experienced global team, who operate under the compliance frameworks of their customers, deliver data that is fit-for-purpose, consistent and in a format that is specific to the financial institutions’ needs. For more information, visit www.smartstreamrdu.com

     

     

     

     
    MULTIMEDIA AVAILABLE :
    https://www.businesswire.com/news/home/20180710005118/en/

    0 0

    Business Wire India

    Early stage venture capital firm Lightspeed Venture Partners (“Lightspeed”) today announced the closings of Lightspeed Venture Partners XII, L.P. (“Fund XII”) with $750 million of committed capital and Lightspeed Venture Partners Select III, L.P. (“Select Fund III”) with $1.05 billion of committed capital.

     

    Fund XII marks a continuation of Lightspeed’s strategy as an early stage investor (Seed, Series A and Series B) focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors. Lightspeed has backed over 300 entrepreneurs and companies that have gone on to redefine the way people live and work.

     

    Select Fund III will complement the firm’s early stage fund strategy with follow-on rounds in existing Lightspeed portfolio companies in their early growth phase (predominately Series C and beyond) as well as new investments in companies that have demonstrated compelling product-market fit, strong fundamentals and scalability.

     

    Lightspeed has distributed in excess of $2.7B in portfolio realizations since the start of 2017 alone, including AppDynamics, Snap, MuleSoft, Nutanix and Stitch Fix among others. The momentum has continued in 2018 with the $6.5 billion Salesforce acquisition of MuleSoft in May, Zscaler IPO in March, and Forty Seven IPO in June. Of the more than 300 companies Lightspeed has partnered with since the firm’s founding, a third have either gone public or been acquired. More than 15 of those IPOs have occurred in the last decade alone.

     

    Since its founding in 2000, Lightspeed has built a reputation as an early pioneer in enterprise investing in companies such as AppDynamics, Elementum, Exabeam, MuleSoft, Nimble Storage, Netskope, Nutanix, and Rubrik. For the past decade, Lightspeed’s rapidly scaling consumer practice has included investments in companies including Affirm, GIPHY, GrubHub, The Honest Company, Nest, Snap, Stitch Fix and Zola. Over 33% of the firm’s consumer investments over the past six years are in female-founded companies.

     

    The partners of Lightspeed represent decades of company-building experience with technical expertise and a deep global network of relationships to help founders, including first-time CEOs, scale their businesses from the earliest stages of development to successful exits and beyond. Most recently, the firm welcomed the Chairman of Microsoft, John W. Thompson, and Semil Shah as Venture Partners, and Bradley Twohig and Natalie Luu as Partners.

     

    Through its international presence and access to resources in Silicon Valley, Israel, China and India, the firm is able to help its portfolio companies tap into the talent and large market opportunities in those important geographies. The firm has a global mindset and is geographically diverse—notably, 80% of consumer investments at Lightspeed are outside the Bay Area.

     

    Lightspeed currently manages over $6 billion of committed capital and is headquartered in Menlo Park, CA.

     

    About Lightspeed

     

    Lightspeed Venture Partners is an early stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 300 companies globally, including Snap, The Honest Company, GrubHub, Nest, Nutanix, AppDynamics, and MuleSoft. The firm currently manages over $6 billion of committed capital and invests in the U.S. and internationally, with investment professionals and advisors in Silicon Valley, Israel, India and China. www.lsvp.com

     

     

     

     

    0 0

    Business Wire India

    BAI announced the finalists for the 2018 BAI Global Innovation Awards, the industry’s most prestigious awards program that unveils the most transformative solutions in the financial services industry worldwide. BAI also launched the new People’s Choice Award where voters throughout the industry will select which innovation is the most powerful among the BAI Global Innovation Award finalists.

     

    Now in its eighth year, the BAI Global Innovation Awards recognizes industry leaders and showcases what leading financial services innovators in all regions of the world are doing to deliver new value to customers and employees and improve efficiencies and profitability for their organizations. Each nomination is evaluated by the Innovation Circle. These judges weigh each innovation on originality and impact on consumers and the industry. The BAI Global Innovation Award winners will be announced in August and celebrated at BAI Beacon in Orlando, Fla., on Oct. 9–11.

     

    For the first time this year, BAI Global Innovation Awards will include a People’s Choice Award. Finalists from several key award categories are contenders for the award, and voting is now open. While BAI Global Innovation Awards finalists compete for this industry recognition, voters have an opportunity to participate and learn about innovation shaping the future. One winner will be selected for the award, which will also be announced and celebrated at BAI Beacon.

     
     

    The 2018 BAI Global Innovation Awards finalists are:

     

    Best Application of Data Analytics, AI or Machine Learning in a Product or Service

    First National Bank, Johannesburg, South Africa: Robo-Advice Tool for Life Insurance
    Jibun Bank Corporation, Tokyo, Japan: AI Support Tool for Foreign Currency Deposits
    OneConnect Smart Technology Co., Ltd. (Shenzhen), Shanghai, China: AI Verification using Insure Tech
    Ping An Technology, Shanghai, China: Emotion Recognition Based Financial Risk Management System
     

    Innovative Touchpoints and Connected Experiences

    CaixaBank, Barcelona, Spain: CaixaBank Now App
    HDFC Bank Limited, Mumbai, India: HDFC Bank Mobile Banking Card
    mBank S.A., Warsaw, Poland: Breakthrough Customer Experience in Distribution of Banking Products
    USAA, San Antonio, Texas, U.S.: IVR to Digital Channel Shift
     

    Internal Process Innovation

    DenizBank, Istanbul, Turkey: Internal Fraud Defence
    Live Oak Bank, Alpharetta, Ga., U.S.: 100 Percent Re-Invention to Cloud Service Operations for Boundaryless Anytime-Anywhere Employee Enablement
    Royal Bank of Canada (RBC), Toronto, Canada: RBC Blockchain Shadow Ledger for Cross-border Payments
     

    Innovation in Societal and Community Impact

    KASIKORNBANK PLC., Bangkok, Thailand: KPLUS Beacon – Mobile Banking Application for the Visually Impaired
    Nova Credit, San Francisco, Calif., U.S.: The World’s Premier Cross-Border Credit Bureau
    Rukula (Pvt) Ltd, Columbo 5, Sri Lanka: Micro-Credit for Consumer Product Purchases in Sri Lanka for the Financially Underserved
    USAA, San Antonio, Texas, U.S.: Aerial Imagery Tool
     

    Innovation in Customer Experience

    Arion Bank, Reykjavík, Iceland: Digital Mortgage Process
    Bank of America, Charlotte, N.C., U.S.: Meet Erica: Bank of America's New Virtual Financial Assistant
    Best Innovation Group, Oak Ridge, Tenn., U.S.: Financial Innovation Voice Experience (FIVE)
    NovoPayment, Miami, Fla., U.S.: Embedding FinServ in Gig Value Chain
     

    Human Capital Innovation

    Albaraka Turk Participation Bank, Istanbul, Turkey: Yourunge Project
    DenizBank, Istanbul, Turkey: HR in a pocket
    Fifth Third Bank, Cincinnati, Ohio, U.S.: Maternity Concierge
    Intesa Sanpaolo, Turin, Italy: ISP Digital Learning – Portal and Smartphone App to Learn Anytime, Anywhere
     

    Innovation in Marketing

    CaixaBank, Barcelona, Spain: imaginCafe
    DenizBank, Istanbul, Turkey: Denizbank Credit X
    Intesa Sanpaolo, Turin, Italy: XME Conto UP! Marketing Campaign: the New Relationship Between Young People and Intesa Sanpaolo
    Turkiye Is Bankasi A.S., Istanbul, Turkey: Isbank's Self-Learning Marketing Hub
     

    Innovative Accelerator or Incubator

    Albaraka Turk Participation Bank, Istanbul, Turkey: Albaraka Garaj Acceleration Center
    Arion Bank, Reykjavík, Iceland: Digital Future - Internal Accelerator
    Emirates NBD, Dubai, United Arab Emirates: Emirates NBD 3D Open Innovation Boost
     

    Wild Card Honorable Mention

    DBS Bank, Singapore: DBS API (application programming interface) Developers’ Programme
    FARFA Foundation, Chiniot, Pakistan: FARFA BLT Incubator
     
    Additionally, all nominees are considered for BAI’s Outstanding Achievement Awards. The finalists for the three honors are:
     

    Disruptive Innovation in Financial Services

    Nova Credit: The World’s Premier Cross-Border Credit Bureau
    NovoPayment: Embedding FinServ in Gig Value Chain
    USAA: Aerial Imagery Tool
     

    Outstanding Use of AI in Financial Services

    Jibun Bank Corporation: AI Support tool for Foreign Currency Deposits
    OneConnect Smart Technology Co., Ltd. (Shenzhen): AI Verification using Insure Tech
    Ping An Technology: Emotion Recognition Based Financial Risk Management System
     

    Most Innovative FinServ of the Year

    Arion Bank, Iceland
    CaixaBank, Spain
    DenizBank, Turkey
    USAA, U.S.
     

    To learn more 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 industry forward. For more information, visit www.bai.org.

     

     

    0 0

    Business Wire India

    Coindelta introduces Flux, a peer-to-peer platform to buy and sell cryptocurrencies
    Coindelta introduces Flux, a peer-to-peer platform to buy and sell cryptocurrencies

    Pune based cryptocurrencies exchange, Coindelta has announced the launch of Flux, a peer-to-peer platform to trade bitcoin and other cryptocurrencies. The announcement comes after the RBI ban on the banks to stop providing services to the companies or individuals dealing in virtual currencies, effective from July 5.
     
    Flux is a trusted peer to peer network where people will be able to trade bitcoin, ethereum, ripple, and USDT. USDT is a stable cryptocurrency the price of which is pegged to $1. Flux and Coindelta will be integrated with each other seamlessly. Flux will go live on July 15.
     
    Shubham Yadav, Head of Business, Coindelta says, “Flux will enable you to trade the same digital assets that you used to buy and sell on our flagship product, Coindelta. Exchange based on the similar model has been very inefficient so far, but we have worked out the dynamics for this and are coming up with a faster and a more efficient peer to peer exchange.”
     
    Flux will allow buyers to make deposits into seller’s account directly. Once the deposit is confirmed by both the parties, Flux will transfer bitcoins from seller’s account to the buyer’s account. The platform will include a robust dispute system along with a rating mechanism to build trader’s reputation on the platform.
     
    “Many people are confused on what their cryptocurrencies be worth after July 5. It should be noted that cryptocurrencies or their trading are not illegal. You will still be able to buy or sell your bitcoins through peer to peer exchanges. There are so many crypto-to-crypto exchanges where you can trade one cryptocurrency with another,” says Shubham.

    “It’s not some tulip bubble but a technology breakthrough, cryptocurrencies or tokens derive values from their use cases into their underlying technology. It is becoming a new class of financial asset, the likes we have never seen. And this thing is not something which is restricted to India but disrupting the global industry. It’s not doomed yet; it has just begun.”
     
    The government has set up a committee which is supposed to propose a regulatory draft for virtual currencies in India by mid-July.About Coindelta
     
    Established in 2017 and headquartered in Pune, Coindelta has become one of the most trusted bitcoin exchange in India. The users can also download their app to trade in cryptocurrencies; the app is available on Android. Coindelta is one of the members of the Blockchain and Cryptocurrency Committee of the IAMAI which is the industry association in India.
     
    Link to the announcement: https://medium.com/coindelta/announcing-coindelta-flux-a-peer-to-peer-exchange-platform-8a52d5feafde

    0 0

    Business Wire IndiaDue to the uncertain economic conditions and upheaval in the finance sector, investors are feeling hesitant to invest the money in the equity market due to the high-risk perception. As a result, investors are looking for safer investment avenues which offer assured income and are free from market risks. This has led to a significant increase in the popularity of FD, and a large number of investors are investing their money in fixed deposits to enjoy the various benefits offered by this investment avenue. Fixed Deposits from Bajaj Finance offer one of the best investment options for investors who do not want to expose their money to the market risks and are highly popular amongst investors from various walks of life.

    Bajaj Finance Fixed Deposits

    Bajaj Finance Fixed Deposits offer one of the highest interest rates in the market starting at 8.40% and going up to 8.75%. These Fixed Deposits are rated high on safety and stability and have ICRA’s MAAA (stable) rating and CRISIL’s FAAA/Stable rating, assuring investors of timely payouts. Investment in Bajaj Finserv fixed deposits can be started from as low as Rs. 25,000/- and the maximum tenor being 60 months. There are no restrictions on renewals and investors can choose to renew their fixed deposits as many times as they want. With online account management through the Experia portal, investors can exercise complete control over various aspects of their investment with Bajaj Finserv.

    Factors affecting Fixed Deposit Interest Rates

    • Tenor
    Interest on fixed deposits varies significantly according to the tenor chosen at the time of starting the investment. Many lenders offer high FD interest rates of special durations. Bajaj Finserv offers 0.25% higher interest rate on investment for 15 months as compared to one year.
    • Amount Invested
    The total amount invested in a fixed deposit also affects the interest rate applicable to the instrument. With Bajaj Finserv, customers can start investing from as low as Rs. 25,000/- and can earn up to 8.75% interest.
    • Renewals
    Investors can earn higher interest rates on fixed deposits by opting for auto renewal facility. This also eliminates the need to keep track of renewal dates. Bajaj Finserv offers additional 0.10% renewal benefit to customers choosing for auto renewal. You can anytime check your maturity amount with FD Calculator
    • Age
    Age of the investor also plays a role in determining the rate of interest applicable on a fixed deposit. Senior citizens usually earn higher interest rates as compared to average investors. Bajaj Finserv offers 0.35% additional interest rate on senior citizens fixed deposits.
    • Economic conditions
    The prevailing economic conditions in the country combined with the monetary and fiscal policy have a significant say on the interest rates applicable on fixed deposits.
     
    Fixed deposits offer the investors an incredible opportunity to earn the highest rate of return amongst all the risk-free investment opportunities and build their retirement corpus efficiently.

    For any queries feel free to contact Bajaj Finserv Customer Care.


    0 0

    Business Wire India

    QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the six months period ended 30 June 2018.

     

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180711005416/en/

     
    QNB Group Head office in Doha, Qatar (Photo: AETOSWire)

    QNB Group Head office in Doha, Qatar (Photo: AETOSWire)

    For the first half of 2018, Net Profit reached QAR7.1 billion (USD1.9 billion), up by 7% compared to last year. Total assets increased by 10% from June 2017 to reach QAR846 billion (USD232 billion), the highest ever achieved by the Group.

     

    The key driver of total assets growth was from loans and advances which grew by 9% to reach QAR604 billion (USD166 billion). This was mainly funded by customer deposits which increased by 9% to reach QAR614 billion (USD169 billion) from June 2017. This helped to maintain QNB Group’s loans to deposits ratio at 98.4% as at 30 June 2018.

     

    The Group’s drive for operational efficiency is yielding cost-savings in addition to sustainable revenue generating sources. This helped QNB Group to improve the efficiency ratio (cost to income ratio) to 27.2%, from 29.3% last year which is considered one of the best ratios among large financial institutions in the MEA.

     

    Also the Group’s strong recovery efforts helped reduce the net impairment charge on QNB’s loan book during the year demonstrating strong credit quality of the bank’s asset base. Also maintaining the stock of non-performing loans ratio at 1.8% reflecting the high quality of the Group’s loan book and the effective management of credit risk. The Group’s conservative policy in regard to provisioning maintained the coverage ratio at 110% as at 30 June 2018.

     

    Total Equity reached QAR76 billion (USD21 billion), up by 3% from June 2017. Earnings per share increased to QAR7.4 (USD2.0), compared to QAR7.0 (USD1.9) in June 2017.

     

    Capital Adequacy Ratio (CAR) as at 30 June 2018 amounted to 15.8%, higher than the regulatory minimum requirements of the Qatar Central Bank and Basel Committee.

     

    QNB’s successful funding from the international markets during the first six months of 2018 which includes, amongst others, (1) capital market issuances of USD560 million (AUD700 million) with a 5 and 10-year maturity in Australia and (2) USD720 million bonds with 30 year maturity in Taiwan. This reflects the Group’s success in diversifying funding sources by entering new debt markets, sourcing sustainable long-term funding, extending the maturity profile of funding sources and the trust of international investors in the strong financial position of QNB Group and its strategy.

     

    In June 2018, Fitch Ratings has revised the Outlook to Stable due to successful management of the impact from the blockade. Also QNB remains the highest-rated bank in Qatar and one of the highest-rated banks in the world with the fourth highest rating from the major rating agencies of Moody’s, Standard & Poor’s and Fitch.

     

    QNB Group serves a customer base of more than 22 million customers with more than 29,000 staff resources operating from 1,100 locations and 4,400 ATMs.

     

    *Source: AETOSWire

     

     

     

     

     

     
    MULTIMEDIA AVAILABLE :
    https://www.businesswire.com/news/home/20180711005416/en/

    0 0

    Business Wire India

    SIRIN LABS (https://sirinlabs.com/) the company that ended 2017 with the fourth largest crowdsale in history by raising $157.8M, is unveiling the final design of the FINNEY™, the first ever blockchain smartphone. The uniquely designed FINNEY™, due to hit markets this November, contains a “Safe Screen” — a standalone screen that functions on dedicated firmware and will be able to independently verify that FINNEY™ wallet transactions are being sent to the correct addresses, allowing users to verify they’re not being tricked by malware or hackers to send their cryptocurrencies or tokens to a fraudulent third party.

     

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180711005563/en/

     
    Specs of FINNEY - the first blockchain smartphone (Photo: Sirin Labs)

    Specs of FINNEY - the first blockchain smartphone (Photo: Sirin Labs)

    The FINNEY™ smartphone will run on SIRIN LABS’ proprietary operating system, SIRIN OS™, which is an ultra- secure and Google-certified “fork” of Android, and will showcase four main features:

     
    • An embedded cold storage wallet.
    • A comprehensive and multi-layer cybersecurity suite.
    • A Token Conversion Service (TCS).
    • A multi-blockchain DApp store.

    FINNEY™ users will be able to activate the embedded cold storage wallet by sliding-up the “Safe Screen.” Combined with the multi-layered SIRIN OS™ security suite and Token Conversion Service, the FINNEY™ will enable safe, secure, and seamless automatic token conversions for various purposes, including purchases for decentralized applications within the SIRIN LABS DApp store. These conversions can be completed without the unnecessary inconvenience of obtaining tokens through an exchange; thus simplifying the complicated user experience.

     

    FIH Mobile (Foxconn International Holdings) has been chosen to manufacture the phone, while SIRIN LABS is leading the development of the cold storage wallet and of SIRIN OS™.

     

    FINNEY’s Design:

     
    • Sleek and expressive design articulating the vision of the SIRIN LABS aesthetic.
    • 3D Gorilla Glass on both the front and back of the device.
    • Matte back cover 3D glass.
    • High gloss, concave metal frame.
    • Thin bezel and notch display.
    • Metallic signature Shield Element accommodating the camera, sensors, and fingerprint scanner.
    • Secured touch “Safe Screen” for the built-in cold storage wallet to protect against malicious attacks.
    • The unique sliding design “warms” (activates) the cold storage wallet, which readies it for use when opened.
    • User experience designed to cater to the needs of crypto experts and novices alike.

    Zvika Landau, Co-CEO, SIRIN LABS: “Our team is honored to present the design for the FINNEY™ blockchain smartphone to the world. We’ve been working around-the-clock to provide our users with a multi-layer cyber protection suite to guard them from network attacks, host attacks, and malware fishing. The secured layers, combined with our revolutionary “Safe Screen” and the ultra-sleek design, enable us to offer our users comprehensive levels of cyber protection. This truly remarkable combination of protection, software, and the design of the phone, cohesively transforms the mobile environment into one that is secure enough for cryptocurrency transactions.”

     

    Click here to watch a 360 video of the design: https://www.youtube.com/watch?v=5GE3lwa-ixY&feature=youtu.be

     

    About SIRIN LABS

     

    SIRIN LABS is developing the FINNEY™ — the premier open source, ultra-secure blockchain smartphone with an embedded cold storage crypto wallet. Our vision is to bridge the gap between the blockchain economy and the mass market by solving the two greatest barriers to the crypto market: security and user experience. After concluding 2017 with the 4th largest ICO in history, SIRIN LABS has already established strategic partnerships with industry leaders like Cardano and FIH (Foxconn International Holdings- makers of the iPhone, Xbox and Kindle), and has signed on the football superstar, FC Barcelona’s Leo Messi, as its official global Brand Ambassador. FINNEY™ will run on SIRIN OS™, an ultra- secure and Google-certified “fork” of Android.

     

    Learn more at: sirinlabs.com

     

    Follow us on Telegram: https://t.me/sirinlabs.

     

     

     

     
    MULTIMEDIA AVAILABLE :
    https://www.businesswire.com/news/home/20180711005563/en/

    0 0

    Business Wire India

    Sportradar, the global leader in analysing and leveraging the power of sports data, announced two new strategic partners: Canada Pension Plan Investment Board (CPPIB) and Silicon Valley-based growth equity firm TCV.

     

    CPPIB, through its wholly owned subsidiary, CPP Investment Board Europe S.à r.l., and TCV will together acquire a stake in Sportradar at an enterprise value of EUR 2.1Bn (~USD 2.4Bn) from private equity firm EQT and certain minority shareholders. Carsten Koerl, Founder and CEO, will retain his entire ownership position in Sportradar and will continue to drive its future development and growth. EQT will also reinvest a portion of its sale proceeds into Sportradar. Additional existing shareholders include Revolution Growth, Ted Leonsis, Michael Jordan, and Mark Cuban.

     

    “CPPIB and TCV are both known for extensive global tech experience and a track record for working alongside innovative management teams to help achieve their long-term vision,” said Carsten Koerl, CEO of Sportradar. “Having two new investors with a strong North American footprint is ideal given our increasing focus and expanding operations in the U.S., as the sports industry evolves to meet the expectations of today’s sports fans. Sportradar will continue to develop best-in-class, integrity and technology- driven services as we expand into new market segments, and we’re excited to have such a strong team behind us.”

     

    Sportradar is the nexus between sports and entertainment, serving leagues, news media, consumer platforms and sports betting operators with deep insights and a suite of strategic solutions to help grow their businesses. Sportradar is the trusted partner of more than 1,000 companies in over 80 countries and serves as the official partner of the NBA, NFL, NHL and NASCAR as well as FIFA and UEFA. It is also the only provider entrusted to work with the US sports leagues in an official capacity to distribute sports data (NBA and NHL) and AV content (MLB) around the world for betting purposes. With deep industry relationships, Sportradar is not just redefining the experience of being a sports fan; it also safeguards fairness in the sports themselves through its Integrity Services team. By monitoring abnormal betting patterns or social signals around matches, Sportradar’s Integrity Services division has escalated insights to authorities that have resulted in hundreds of sporting sanctions globally.

     

    “The sports data market, particularly real-time data, is a compelling long-term investment opportunity, with strong growth driven by rising fan engagement, opening of new markets and increasing spend on digital sports content globally,” said Ryan Selwood, Managing Director, Head of Direct Private Equity, CPPIB. “We are excited to partner with Carsten and look forward to supporting his innovative vision for Sportradar by further investing into artificial intelligence and global expansion.”

     

    “Sportradar is a world-class sports data business that has maintained an impressive track record of delivering best-in-class technology solutions with a customer-centric approach,” said John Doran, General Partner at TCV. “We look forward to working with Carsten and the team to take advantage of the developing U.S. market and drive the evolution of how sports content will be consumed in the future.”

     

    “Through this investment, CPPIB is able to participate in a compelling global technology growth story alongside our new partners, including Carsten and TCV,” said Alain Carrier, Senior Managing Director and Head of International, CPPIB. “We are thrilled to have the opportunity to work with Sportradar’s management team as they drive the company forward across new customer segments and geographies.”

     

    “We love backing great CEOs with a big vision, and Sportradar fits that profile perfectly,” said Jay Hoag, founding General Partner at TCV. “We are excited about working with Carsten, CPPIB, and existing shareholders to accelerate product innovation and drive continued growth.”

     

    “Revolution invested in Sportradar because we know how powerful real-time data and analytics have become to the live sports business. Sportradar’s vision for how the world will use this data has made them the most influential sports data and information company in the world and they are well-positioned for expansion in the U.S. market given the recent decision by the Supreme Court to legalize sports betting,” said Ted Leonsis, Revolution Growth Cofounder and Partner.

     

    EQT initially invested in Sportradar through its fund EQT Expansion Capital II in 2012, and subsequently invested through its fund EQT VI in 2014. During its partnership with EQT, Sportradar has seen positive organic and acquisition-based growth at approximately 40% revenue growth annually, and has grown its presence in Europe, the United States and Asia via the addition of 1,400 employees and a number of key strategic hires. The company now monitors and delivers insights from more than 400,000 matches annually across 60 sports categories, having developed the industry’s most proficient software while setting new standards for speed and accuracy.

     

    “Sportradar has undergone an extraordinary transformation and is today a true global market leader in the sports data and digital content solutions space. The management team – led by Carsten – has done a fantastic job in driving the business towards the strategic vision that formed the basis for the partnership between Carsten and EQT,” said Dominik Stein, Partner at EQT. “We are convinced that CPPIB and TCV will be great partners to drive the strategic agenda for the future and EQT is excited to maintain a minority stake in the company.”

     

    Closing of the transaction is expected in Q4 2018, subject to the receipt of all necessary regulatory approvals and consents.

     

    About Sportradar

     

    Sportradar is the leading global provider of sports data intelligence. The nexus between sports and entertainment, the company serves leagues, news media, consumer platforms and sports betting operators with deep insights and a suite of strategic solutions to help grow their businesses. Sportradar is the trusted partner of more than 1,000 companies in over 80 countries and serves as the official partner of the NBA, NFL, NHL and NASCAR as well as FIFA and UEFA. It is also the only provider entrusted to work with the US sports leagues in an official capacity to distribute sports data (NBA and NHL) and AV rights (MLB) around the world for betting purposes. The company monitors and delivers insights from more than 400,000 matches annually across 60 sports categories, having developed the industry’s most proficient software while setting new standards for speed and accuracy. With deep industry relationships, Sportradar is not just redefining the sports fan experience; it also safeguards the sports themselves through its Integrity Services division and advocacy for an integrity-driven ecosystem that is fair to partners, players and fans. For more information, visit www.sportradar.com.

     

    About Canada Pension Plan Investment Board

     

    Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 20 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2018, the CPP Fund totalled C$356.1 billion. For more information about CPPIB, please visit www.cppib.com or follow us on LinkedIn or Twitter.

     

    About TCV

     

    Founded in 1995, TCV provides capital to growth-stage private and public companies in the technology industry. Since inception, TCV has invested over $10 billion in leading technology companies and has helped guide CEOs through more than 115 IPOs and strategic acquisitions. TCV has invested over $1 billion in Europe. Investments include Airbnb, Altiris, AxiomSL, Believe Digital, Dollar Shave Club, EtQ, ExactTarget, Expedia, Facebook, Fandango, GoDaddy, HomeAway, LinkedIn, Netflix, Rent the Runway, Sitecore, Splunk, Spotify, TourRadar, Varsity Tutors, and Zillow. TCV is headquartered in Menlo Park, California, with offices in New York and London. For more information about TCV, including a complete list of TCV investments, visit www.tcv.com.

     

    About EQT

     

    EQT is a leading investment firm with approximately EUR 50 billion in raised capital across 27 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. More info: www.eqtpartners.com

     

     

older | 1 | .... | 55 | 56 | (Page 57) | 58 | 59 | .... | 69 | newer