MSME

PA Consulting is proud to partner with Stanford Biodesign's Robert Howard Next Step Award

Retrieved on: 
Tuesday, May 10, 2022

NEW YORK, May 10, 2022 /PRNewswire/ -- PA Consulting (PA), the consultancy that's bringing ingenuity to life, is proud to sponsor the Robert Howard Next Step Award run through the Stanford Byers Center for Biodesign.

Key Points: 
  • NEW YORK, May 10, 2022 /PRNewswire/ -- PA Consulting (PA), the consultancy that's bringing ingenuity to life, is proud to sponsor the Robert Howard Next Step Award run through the Stanford Byers Center for Biodesign.
  • In 2011, Stanford Biodesign and LUNAR established this memorial award in Robert's name, and this year PA Consulting has taken over its sponsorship.
  • John Edson, US Head of Design and Engineering at PA Consulting, said:"We are honored to sponsor this meaningful innovation effort connected to the Stanford Biodesign program.
  • In 2011, Stanford Biodesign and LUNAR established this memorial award in Robert's name, and this year PA Consulting has taken over its sponsorship.

Management Change at DNV Healthcare USA Inc.

Retrieved on: 
Thursday, April 28, 2022

Since being acquired by DNV in 2008, DNV Healthcare has grown to be the 2nd largest hospital accreditation organization in the United States.

Key Points: 
  • Since being acquired by DNV in 2008, DNV Healthcare has grown to be the 2nd largest hospital accreditation organization in the United States.
  • He holds a Master of Mechanical Engineering (MSME) and holds the Certified Healthcare Facilities Manager designation (CHFM), the Certified Healthcare Safety Professional designation (CHSP), and the Certified Healthcare Operations Professional (CHOP) designation.
  • Kelly is also a member of several other healthcare related associations and is an active member of the American Society for Healthcare Engineers (ASHE).
  • I am honored by the appointment to lead this new and exciting chapter at DNV Healthcare, said Kelly.

NanoByte Becomes the First Token to Provide Instant Fiat Loans; Following a Partnership with One of the Largest Traditional Financial Institutions in Indonesia

Retrieved on: 
Wednesday, April 27, 2022

They will be the first to provide instant fiat loans to the more than 270 million people in Indonesia.

Key Points: 
  • They will be the first to provide instant fiat loans to the more than 270 million people in Indonesia.
  • NanoByte Token (NBT) was launched last month, aiming to become a pioneer of crypto adoption in the fourth most populated country in the world.
  • Today, they finally announced their latest innovation: the first-ever instant fiat loan with NanoByte through a partnership with Danamas, a subsidiary of the Sinarmas Financial Service company.
  • As a crypto project, the Nanobyte Token (NBT) is now available through the centralized exchange platform Tokocrypto, Binance's portfolio in Indonesia.

Inditrade Goes Live With Scienaptic's AI-powered Credit Decisioning Platform

Retrieved on: 
Tuesday, April 26, 2022

Leading global AI-powered credit decisioning platform provider Scienaptic AI announced today that Inditrade Capital , one of Indias fastest growing digitally enabled lending, insurance and rural marketing enterprise is live on its platform.

Key Points: 
  • Leading global AI-powered credit decisioning platform provider Scienaptic AI announced today that Inditrade Capital , one of Indias fastest growing digitally enabled lending, insurance and rural marketing enterprise is live on its platform.
  • Scienaptics credit decisioning solution is now helping us make the most of our customers information to understand our customers risk better.
  • Scienaptic is on a mission to increase credit availability by transforming technology used in credit decisioning.
  • Over 150 years of credit experience is embedded in Scienaptic's AI native credit decision platform.

Ares Charitable Foundation Launches $25 Million Initiative for Climate-Resilient Job Preparation and Reskilling

Retrieved on: 
Thursday, April 21, 2022

The Ares Charitable Foundation (Ares Foundation), a 501(c)(3) qualifying organization sponsored by Ares Management Corporation (Ares) (NYSE: ARES), announced today the launch of Climate-Resilient Employees for a Sustainable Tomorrow (CREST), a five-year, $25 million grant-funded initiative that intends to prepare and reskill individuals for climate-resilient jobs in the U.S. and India.

Key Points: 
  • The Ares Charitable Foundation (Ares Foundation), a 501(c)(3) qualifying organization sponsored by Ares Management Corporation (Ares) (NYSE: ARES), announced today the launch of Climate-Resilient Employees for a Sustainable Tomorrow (CREST), a five-year, $25 million grant-funded initiative that intends to prepare and reskill individuals for climate-resilient jobs in the U.S. and India.
  • Career preparation and reskilling is a funding priority for the Ares Foundation, which positions us well to address the labor market challenges the climate crisis poses.
  • This signature initiative allows the Ares Foundation to help develop scalable, inclusive solutions to climate challenges and hopefully inspire other funders to do the same.
  • The Ares Charitable Foundation (the Ares Foundation) is a 501(c)(3) qualifying organization sponsored by Ares Management Corporation ("Ares"), a leading global alternative investment manager.

Fintech Kinara Capital Secures USD $50 Million in Equity, Led by Nuveen

Retrieved on: 
Tuesday, April 19, 2022

Kinara Capital aims to grow by 500% by 2025 with plans to disburse USD $1 billion of MSME business loans in the next three years.

Key Points: 
  • Kinara Capital aims to grow by 500% by 2025 with plans to disburse USD $1 billion of MSME business loans in the next three years.
  • We at Nuveen are proud to invest fully in Kinara Capital, and together, we will turn to the next chapter of growth.
  • To date, Kinara Capital has disbursed USD $400 million across 75,000+ collateral-free business loans enabling vast financial inclusion of the underserved small business entrepreneurs in India.
  • Kinara Capital is a fast-growing fintech propelling financial inclusion of small business entrepreneurs in India.

Profectus Capital Goes Live With Scienaptic’s AI-Powered Credit Decisioning Platform

Retrieved on: 
Monday, April 18, 2022

Scienaptic AI , a leading global AI-powered credit decision platform provider, announced today that Profectus Capital is now live on its platform.

Key Points: 
  • Scienaptic AI , a leading global AI-powered credit decision platform provider, announced today that Profectus Capital is now live on its platform.
  • Established in 2017, Profectus Capital is a systematically important non-banking financial company registered with the Reserve Bank of India and headquartered in Mumbai, India.
  • With Scienaptic AI, Profectus aims to strengthen its credit decisioning processes and enhance credit availability to underserved MSMEs.
  • Over 150 years of credit experience is embedded in Scienaptic's AI native credit decision platform.

airasia Super App and Google Cloud Forge Strategic Collaboration to Unlock Digital Growth and Democratize Digital Convenience Across Southeast Asia

Retrieved on: 
Friday, April 8, 2022

MOUNTAIN VIEW, Calif. and KUALA LUMPUR, Malaysia, April 7, 2022 /PRNewswire/ -- airasia Super App, the digital travel and lifestyle platform for everyone in Southeast Asia, and Google Cloud today announced a five-year strategic collaboration to advance airasia Super App's vision of a co-innovation ecosystem that all businesses and developers can partake in to serve the daily needs of people in the region. The two organizations will combine core competencies to nurture technology talent, co-create software tools for open innovation, deliver data-driven intelligence on behalf of micro-, small- and medium-sized enterprises (MSMEs) on the platform, and ensure accessibility for diverse users in cities and rural areas.

Key Points: 
  • airasia Super App, which operates in Malaysia, Indonesia, Singapore, Thailand, and the Philippines, is part of Capital A 's digital pillar.
  • Since its inception in 2020, airasia Super App has become one of three unicorns headquartered in Malaysia, according to Credit Suisse .
  • I went around the US looking for that partner, met Diane Greene from Google Cloud, and the journey started.
  • The strategic collaboration and ecosystem building efforts will encompass four pillars:
    Fostering an agile culture and co-innovation talent engine: airasia Super App and Google Cloud will establish a Cloud Center of Excellence (CCoE) consisting of AirAsia Allstars and Google Cloud technologists.

KBRA Releases Research – Mexico’s Payroll Lending Distress Does Not Create Systemic Risks

Retrieved on: 
Friday, April 1, 2022

KBRA releases research on the recent episodes of nonbank financial institution (NBFI) payroll lending distress in Mexico.

Key Points: 
  • KBRA releases research on the recent episodes of nonbank financial institution (NBFI) payroll lending distress in Mexico.
  • In KBRAs view, these developments do not pose meaningfully heightened systemic risks to Mexicos economy.
  • Two payroll lenders, Alpha Holding and Crdito Real, fell into debt distress in July 2021 and February 2022, respectively.
  • Still, KBRA believes the limited size and scope of payroll lending in Mexico (KBRA sovereign rating of BBB/Negative Outlook) ultimately limits systemic risks.

Stone doubles customer base and points to increased profitability in 2022

Retrieved on: 
Friday, March 18, 2022

SÃO PAULO, March 18, 2022 /PRNewswire/ -- StoneCo Ltd. (Nasdaq: STNE) recorded growth acceleration in the 4th quarter of 2021. Revenue grew by 87% compared to the last quarter of 2020, reaching R$ 1.9 billion. The Company invested in expanding its base and closed 2021 with 1.8 million active customers – 2.3 times more than in 2020.

Key Points: 
  • The Company invested in expanding its base and closed 2021 with 1.8 million active customers 2.3 times more than in 2020.
  • Margin was impacted by higher financial expenses, and adjusted net income was R$ 34 million in the quarter.
  • The company has successfully implemented its repricing strategy and expects to increase profitability in the first quarter of 2022.
  • The company will continue to expand its customer base and is focused on relaunching the credit product, which is key to its mission of supporting Brazilian entrepreneurs.