Financial technology

Nagad featured as a case study of Philip Kotler's upcoming book

Retrieved on: 
Wednesday, January 18, 2023
MFS, Personality, Digital, Marketing management, Student, Communication, Marketing, Ministry, Information and Communication Technology Division, Philip Kotler, Textbook, Summit Group, Financial technology, Kellogg School, Kellogg School of Management, Kotler, Textile, Film

DHAKA, Bangladesh, Jan. 18, 2023 /PRNewswire/ -- Nagad, Bangladesh's favourite mobile financial service provider, has been featured as a case study in Philip Kotler's upcoming book "Essentials of Modern Marketing".

Key Points: 
  • DHAKA, Bangladesh, Jan. 18, 2023 /PRNewswire/ -- Nagad, Bangladesh's favourite mobile financial service provider, has been featured as a case study in Philip Kotler's upcoming book "Essentials of Modern Marketing".
  • Tanvir A Mishuk, founder and managing director of Nagad, has worked as a case co-author for this book, according to Northern Education Group, a strategic partner (Bangladesh) of Philip Kotler's organisation Kotler Impact, and World Marketing Summit Group.
  • The people with no Nagad accounts yet can also receive money to their mobile number from a Nagad account.
  • Along with Nagad, case studies of the ICT Division, Ministry of Land, Grameenphone and a few other organisations from Bangladesh will be included in the Bangladesh edition of the book.

Broadridge Extends Digital Wealth Platform Partnership with IGM Financial

Retrieved on: 
Wednesday, January 18, 2023
Family, TSX, NYSE, IGM, IIROC, Partnership, IG, STP, Financial adviser, Broadridge Financial Solutions, Financial technology

NEW YORK and TORONTO, Jan. 18, 2023 /PRNewswire/ -- As the wealth management industry furthers its digital transformation journey, global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE: BR), today announced IG Wealth Management ("IG"), part of the IGM Financial Inc. (IGM) (TSX: IGM) family of companies, has signed a multi-year contract extension to IG's use of Broadridge's R.Broker solution, a component of the Broadridge Wealth Platform.

Key Points: 
  • NEW YORK and TORONTO, Jan. 18, 2023 /PRNewswire/ -- As the wealth management industry furthers its digital transformation journey, global Fintech leader, Broadridge Financial Solutions , Inc. (NYSE: BR), today announced IG Wealth Management ("IG"), part of the IGM Financial Inc. (IGM) (TSX: IGM) family of companies, has signed a multi-year contract extension to IG's use of Broadridge's R.Broker solution, a component of the Broadridge Wealth Platform.
  • "Building on a successful five-year partnership, Broadridge is thrilled to expand our relationship with a company that shares our commitment to digital transformation," said Karin Yorfido, General Manager, Global Technology and Operations Canada, at Broadridge.
  • IG is well positioned to continue to grow its business with the continuous wealth innovation provided through the Broadridge solution."
  • With a flexible, scalable platform powered by an aggregated data layer, the Broadridge Wealth Platform is an open, component-based ecosystem designed to help firms drive innovation, perform more effectively at scale and deliver a digital, modernized client and advisor experience.

CBI and Finastra survey shows UK SMEs face significant barriers to international trade

Retrieved on: 
Wednesday, January 18, 2023
Newton, SME, Science and technology in Asia, Moment, YouGov, Research, Partnership, Growth, Financial technology, Common, PR, CBI, Bank, Finastra, Brexit

Common barriers cited by respondents include: the impact of Brexit (23%); being too small to trade internationally (16%); and limited knowledge about international markets (15%).

Key Points: 
  • Common barriers cited by respondents include: the impact of Brexit (23%); being too small to trade internationally (16%); and limited knowledge about international markets (15%).
  • The findings are included in the CBI's International Trade Toolkit , being launched this week, which is designed to help UK SMEs across all sectors increase their international trade ambitions.
  • "Finastra is delighted to partner with the CBI in creating the International Trade Toolkit and in helping UK businesses unlock the benefits of international trade," said Jonathan McPhail, Lead Client Partner, Banking as a Service, Finastra.
  • Finastra and the CBI have invited UK SMEs to join them at an event to mark the launch of the International Trade Toolkit, Winning with Fintech: International trade and accessing finance, taking place in London today, 18 January 2023.

CBI and Finastra survey shows UK SMEs face significant barriers to international trade

Retrieved on: 
Wednesday, January 18, 2023
Newton, SME, Science and technology in Asia, Moment, YouGov, Research, Partnership, Growth, Financial technology, Common, PR, CBI, Bank, Finastra, Brexit

Common barriers cited by respondents include: the impact of Brexit (23%); being too small to trade internationally (16%); and limited knowledge about international markets (15%).

Key Points: 
  • Common barriers cited by respondents include: the impact of Brexit (23%); being too small to trade internationally (16%); and limited knowledge about international markets (15%).
  • The findings are included in the CBI's International Trade Toolkit , being launched this week, which is designed to help UK SMEs across all sectors increase their international trade ambitions.
  • "Finastra is delighted to partner with the CBI in creating the International Trade Toolkit and in helping UK businesses unlock the benefits of international trade," said Jonathan McPhail, Lead Client Partner, Banking as a Service, Finastra.
  • Finastra and the CBI have invited UK SMEs to join them at an event to mark the launch of the International Trade Toolkit, Winning with Fintech: International trade and accessing finance, taking place in London today, 18 January 2023.

Cornerstone Research: SEC Tightens Cryptocurrency Enforcement

Retrieved on: 
Wednesday, January 18, 2023
Crypto, Cornerstone Research, Financial technology, Security (finance), Icos, Organization, File, Cornerstone, Gensler, Supreme court, Howey, Cryptocurrency

WASHINGTON, Jan. 18, 2023 /PRNewswire-PRWeb/ -- The Securities and Exchange Commission continues to make cryptocurrency-related enforcement a top priority under Chair Gary Gensler, bringing 30 enforcement actions against digital-asset market participants in 2022, up 50% from the 20 actions brought in 2021 and the highest number since 2013, according to a Cornerstone Research report released today.

Key Points: 
  • The report, SEC Cryptocurrency Enforcement: 2022 Update , found that the SEC brought 24 litigation actions in U.S. federal courts and six administrative proceedings in 2022.
  • According to the report, which is based on data from Cornerstone Research's Cryptocurrency Enforcement Database, in 2022 the SEC also issued two delinquent filing orders, two follow-on actions, and one stop order pursuant to Section 8(d) of the Securities Act.
  • In 2022, the SEC charged a total of 79 defendants or respondents in cryptocurrency enforcement actions, of which 56 (71%) were individuals and 23 (29%) were firms.
  • The SEC also acknowledged assistance from international authorities and organizations in 21 enforcement actions during the same period.

The entrepreneurial ecosystem of Bogota is the most important in Colombia

Retrieved on: 
Tuesday, January 17, 2023
Entrepreneurship, Ecosystem, Behavior, USD, Uncertainty, Bank, Investment, Property technology, Financial technology

These companies have obtained an investment of close to USD $1,240 million through their participation in 77.3% of the total investment rounds carried out throughout Colombia.

Key Points: 
  • These companies have obtained an investment of close to USD $1,240 million through their participation in 77.3% of the total investment rounds carried out throughout Colombia.
  • BOGOTÁ, Colombia, Jan. 17, 2023 /PRNewswire/ -- The emerging companies that compose the entrepreneurship ecosystem in Bogota-Region managed to obtain close to USD $1,240 million from foreign and local investors, through participation in 85 of the 110 investment rounds in the country, which positions this ecosystem of the city as the most important in Colombia.
  • "74% of the Colombian ventures that have raised capital in 2022 are startups from the Bogota-Region.
  • Colombian investors are the second most active, having participated in 15 transactions, followed by investors from Mexico (11), Brazil (11), Switzerland (23) and Germany (8).

MPI Launches Proprietary Transparency Lab to Track Pensions and Endowments

Retrieved on: 
Tuesday, January 17, 2023
Financial technology, DSA, Regression analysis, Risk, Markov Processes International, Pension, Software, Research, Nobel, MPI, Disclosure, Investment, RBSA, Life insurance, Medical imaging, Security (finance)

SUMMIT, N.J., Jan. 17, 2023 /PRNewswire/ -- Markov Processes International, Inc. ("MPI"), a leading independent FinTech provider of software and services for analyzing investment performance and risk, today launched the MPI Transparency Lab, a hub of free proprietary reports and analytics on pensions and endowments.

Key Points: 
  • SUMMIT, N.J., Jan. 17, 2023 /PRNewswire/ -- Markov Processes International, Inc. ("MPI") , a leading independent FinTech provider of software and services for analyzing investment performance and risk, today launched the MPI Transparency Lab, a hub of free proprietary reports and analytics on pensions and endowments.
  • MPI uses its proprietary Dynamic Style Analysis (DSA) and public annual returns to reverse-engineer asset exposure dynamics of large investor portfolios.
  • When pensions and endowments report only annual performance figures, a decade's worth of performance is represented by only 10 data points.
  • In addition, while MPI provides data on many preselected pensions and endowments, for the first time, it will offer proprietary research on additional funds by request.

Future FinTech Announces Paraguayan Cryptocurrency Mining Farm is Operational

Retrieved on: 
Tuesday, January 17, 2023
Cloud, Financial technology, Security (finance), Mining, Form 10-K, Annual report, Watt, Maintenance, Electricity, Farm, Cryptocurrency

NEW YORK, Jan. 17, 2023 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) (hereinafter referred to as "Future FinTech", "FTFT" or the "Company"), a blockchain application developer and a fintech service provider, announced today that its Paraguayan wholly-owned subsidiary FTFT Paraguay S.A. ("FTFT Paraguay") has completed the first construction phase of its cryptocurrency mining farm located in Mariano Roque Alonso, Paraguay, and the farm has been powered on and begun operations.

Key Points: 
  • NEW YORK, Jan. 17, 2023 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) (hereinafter referred to as "Future FinTech", "FTFT" or the "Company"), a blockchain application developer and a fintech service provider, announced today that its Paraguayan wholly-owned subsidiary FTFT Paraguay S.A. ("FTFT Paraguay") has completed the first construction phase of its cryptocurrency mining farm located in Mariano Roque Alonso, Paraguay, and the farm has been powered on and begun operations.
  • The Paraguayan cryptocurrency mining farm has a capacity of three megawatts and can accommodate approximately 900 mining machines.
  • An important feature of cryptocurrency mining in Paraguay is that it uses hydroelectric, environmentally-friendly clean energy due to Paraguay's ITAIPU Hydroelectric Dam.
  • Mr. Xu Kai, Vice President of Future FinTech's Blockchain Division, said, "I am very pleased that our FTFT Paraguay cryptocurrency mining farm has successfully deployed its first batch of mining machines.

Broadridge Recognized as a Leader in Two Aspire CCM-CXM Leaderboard Market Segments

Retrieved on: 
Tuesday, January 17, 2023
Leaderboard, Insurance, Cetera Financial Group, CXM, CCM, NYSE, Telecommunication, Public, Customer communications management, RFP, Digital transformation, Health, Formations of the Soviet Army, Communication Service for the Deaf, Customer experience, Software, Experience management, Financial services, Digital Solutions, Sales, Marketing, Aspire, Broadridge Financial Solutions, Financial technology

NEW YORK, Jan. 17, 2023 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, announces it has been recognized as a leading communications and customer experience services provider in the 2023 Customer Communications Management (CCM) to Customer Experience Management (CXM) Aspire Leaderboard™.

Key Points: 
  • Broadridge was recognized as the overall leader in Strategic Direction in the Financial Services Category in two global market segments, for both Communications Experience Platform (view here ) and CCM-CXM Communications Outsourcing (view here ).
  • "Our updated analysis continues to show Broadridge as a leading provider in the rapidly evolving omnichannel customer communications space," says Kaspar Roos, Founder and CEO, Aspire.
  • Aspire's analysis specifically recognizes Broadridge for its leadership position in Strategic Direction in Financial Services in both Leaderboard market segments.
  • The Aspire Leaderboard™ is copyrighted by Aspire Customer Communications Services Ltd. and is based on the findings and opinions of Aspire's consultancy organization.

Global Container As a Service Market Share Will Surpass USD 10.75 Billion Valuation at 22.5% CAGR Growth by 2030: Polaris Market Research

Retrieved on: 
Tuesday, January 17, 2023
LDAP, BFSI, OS, Infrastructure, Platform as a service, COVID-19, Platform, Container, CAAS, Acceleration, Financial technology, Amazon Web Services, Software, IBM, Infrastructure as a service, AWS, Cloud computing, Mobile phone, Amazon

The Container as a Service market size is expanding as the containers offer microservices and isolation of applications and their configuration from the underlying OS.

Key Points: 
  • The Container as a Service market size is expanding as the containers offer microservices and isolation of applications and their configuration from the underlying OS.
  • Some of the prominent software companies such as Amazon, Google, and IBM have thus far operating in the market and are funding technology development.
  • Container as a Service market sales are soaring as they have role-based access control, secure image registry, LDAP/AD integration, and a dedicated security gateway.
  • The Container as a Service market demand is rising due to the impact of the hybrid cloud, which impacts infrastructure management within a firm.