Category: Uncategorized

auto-dialer-software-market-to-exceed-us$-1-bn-by-2032-as-demand-for-workflow-automation-in-industrial-sector-burgeons

Auto Dialer Software Market to Exceed US$ 1 Bn by 2032 as Demand for Workflow Automation in Industrial Sector Burgeons

April 29, 2022 Published by

 

Sales in the auto dialer software market are projected to surpass US$ 417 Mn in 2022 from US$ 382 Mn registered in 2021. Exhibiting growth at a CAGR of 9.5%, the auto dialer software market is estimated to reach nearly US$ 1 Bn by the end of 2032.

Growing establishment of call centers in developing countries such as China, South Korea, and Japan due to high return on investment policy is likely to increase the scope of adoption of auto dialer software.

In addition to this, many organizations are preferring to hire third parties for professional telemarketing and telecommunications services. This is expected to propel the deployment of auto dialer software across various industries.

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Availability of valuable features such as progressive and predictive dialing in auto dialer software will increase its application across various sectors. Banking, financial services, and insurance (BFSI) and e-commerce sectors are expected to emerge as key end users of auto dialer software in the forthcoming years.

Also, growing demand for customer relationship management (CRM) software, and speed dialing option in cloud in call centers will continue driving the adoption of auto dialer software.

Apart from this, gaining access to customer contact details before dialing, customer requirements, and real-time information through auto dialer software is likely to spur its sales in the forthcoming years.

Subsequently, increasing workflow in organizations is underpinning the need for automated software in the industrial sector, thereby bolstering the growth in the auto dialer software market.

Report Attributes

Details

Base Year Value (2021A)

US$ 382 Mn

Estimated Year Value (2022E)

US$ 417 Mn

Projected Year Value (2032F)

US$ 1 Bn

Global Growth Rate (2022-2032)

CAGR 9.5%

Key Takeaways:

  • The U.S. is estimated to dominate the market, creating an absolute $ opportunity of US$ 214.7 Mn during 2022-2032.
  • Demand for auto dialer software in China is projected to reach around US$ 74.8 Mn by 2032 on the back of rapid expansion of the telecommunication industry.
  • By deployment type, the cloud-based segment is anticipated to lead the market, registering growth at a CAGR of 9.4% during the forecast period.
  • The auto dialer software market is likely to offer an absolute $ opportunity worth US$ 614.1 Mn until 2032.
  • Based on type, the predictive auto dialer software segment is expected to witness fastest growth owing to rising demand for streamlined operations and call center efficiency.

Growth Drivers:

  • Rising inclination toward customer care and telemarketing solutions in call centers is likely to create lucrative opportunities for the market.
  • Work from home culture is boosting the demand for cloud-based telemarketing and the establishment of call centers. This is expected to propel the adoption of auto dialer software.

Restraints:

  • High installation and maintenance costs of auto dialer software are factors projected to restrain the growth in the market.

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Competitive Landscape:

Key manufacturers profiled in the global auto dialer software market are focusing on advancing their product line to improve customer-client relationships and expand their business in the coming years. Furthermore, they are also investing in inorganic business strategies such as collaborations, partnerships, and acquisitions to strengthen their global footprint.

For instance,

  • June 2020: Hudosoft introduced auto dialer in its contact center software with the goal of supporting the healthcare sector. In addition to this, the COVID-19 pandemic increased demand for auto dialer software in the hospitals owing to the increased number of patient admission. Thus, the latest development is projected to help spread awareness and provide better treatment outcomes.
  • August 2020: Tevatel introduced Doocti, a cloud-based telephony system to advance sales support systems. This will help the organizations retain almost 89% of their customers. The latest multi-featured auto dialer software can help attain call center capabilities in CRM models.

Key Companies Profiled by Fact.MR

  • A-Star Group
  • Agile CRM
  • Voiptime Cloud
  • CallFire Inc.
  • Voicent Communications Inc.
  • OnTimeTelecom
  • Arbeit Software
  • Vert-Age Dialer
  • CallOnTheGo

More Valuable Insights on Auto Dialer Software Market

In the latest study, Fact.MR provides insights into the key factors including opportunities, challenges, and other factors promoting demand in the global auto dialer software market for the forecast period of 2022 to 2032. The study also offers a detailed analysis of the application and benefits of auto dialer software through detailed segmentation as follows:

By Deployment Type:

  • Cloud-based Auto Dialer Software
  • On-premise Auto Dialer Software

By Type:

  • Predictive Auto Dialer Software
  • Progress Auto Dialer Software
  • Power Auto Dialer Software
  • Preview Auto Dialer Software

By End Users:

  • Banking & Financial Services
  • Healthcare
  • Utilities
  • Telecommunications
  • Other End Users

By Organization Size:

  • Large Enterprises
  • Small and Medium Enterprises (SMEs)

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Questions Covered in the Auto Dialer Software Market Report

  • What will be the market value of the auto dialer software market in 2022?
  • Which are the factors restraining the growth in the auto dialer software market?
  • What is the estimated market size of the auto dialer software market by the end of 2032?
  • Which factors are driving the auto dialer software market during the forecast period?
  • At what rate will the auto dialer software market grow until 2032?
  • Which region is expected to lead in the global auto dialer software market during 2022-2032?

Explore Fact.MR’s Coverage on the Technology Domain

Automatic Number Plate Recognition Market: Increasing demand for tracking travelling criminals or terrorist groups is boosting the use of automatic number plate recognition among law enforcement authorities. Also, rising requirement for security, surveillance, and traffic regulation in parking, traffic management facilities, and tolls will continue fueling demand in the market.

Digital Audio Workstations (DAWs) Market: Global digital audio workstations (DAWs) market is estimated to reach US$ 1.85 Bn by 2032 owing to rising demand for Android-base operating systems and artificial intelligence (AI)-generated music. Furthermore, growing need to improve customer experience within entertainment and media industries is projected increase the adoption of digital audio workstations.

Business Rules Management System Market: Growing demand for securing data, streamlining operations, and improving customer-client relationships is compelling organizations to invest in business rules management systems. This is anticipated to increase its sales at a CAGR of 10.6% during the forecast period.

new-model-of-sponsorship-continues-as-kindred-deepens-its-partnership-with-rangers-fc

New model of sponsorship continues as Kindred deepens its partnership with Rangers FC

April 29, 2022 Published by
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Kindred Group plc (Kindred) announces today that they have renewed its investment in `Team Talk’, which will see a significant investment as Rangers Charity Foundation continue to develop the programme. Team Talk has already helped numerous of men across Glasgow to seek advice, help and encouragement to discuss their mental health, thanks to initial funding received from Kindred last year.

Alongside this renewal and to mark an exciting week for Rangers FC, Kindred Group also announces a donation of its front-of-shirt sponsorship to the `Team Talk’ project’s logo. The shirts will be worn for the semi-final at RB Leipzig on Thursday 28th April 2022, and if Rangers progress to the final they will be worn again in May.

“The investment we are announcing today means Rangers Charity Foundation can continue the fantastic progress it made during the first year of the project. Using the unique relationship supporters have with their local club, we hope to reach hundreds more men with the expanded mental health support services who would otherwise be suffering in silence”, says Neil Banbury, General Manager UK, Kindred Group.

“The investment from Kindred Group has already been fantastic for our Team Talk project. It is the first time one of the Club’s main sponsors has made such a significant and targeted investment in the local community. We know talking can save lives and we can now extend the programme for another year, building on the success it had last year. This will allow existing and new participants to attend our weekly programme which has already had tangible benefit for their mental health and wellbeing and allowed the group to start forming connections with each other as well as be supported by our staff in a safe space”, says Connal Cochrane, Director at the Rangers Foundation.

`Team Talk’ uses the local club as a mechanism to engage with men about their mental health. The renewed year-long investment from Kindred is the core part of its ongoing commitment to become a sponsor of choice for football clubs and their communities and reinvent football sponsorship so that it benefits the whole community. Kindred also sponsors Middlesbrough FC and Derby County and invest in Team Talk schemes at each club –  with both recently winning Community Club of the Year in their respective regional EFL Awards.

global-retail-cryptocurrency-platform-luno-receives-in-principle-approval-from-the-monetary-authority-of-singapore-(mas)

Global retail cryptocurrency platform Luno receives in-principle approval from the Monetary Authority of Singapore (MAS)

April 28, 2022 Published by

 

Luno Singapore has been granted in-principle approval (IPA) from the Monetary Authority of Singapore (MAS), under the Payment Services Act (PSA), to provide Digital Payment Token (DPT) services in Singapore.

This milestone marks Luno as the first global retail-focused cryptocurrency platform in Singapore to obtain IPA from the MAS, which will enable the accessibility of cryptocurrency in a well-regulated environment that safeguards the interest of consumers.

Obtaining the IPA, which follows a robust application process, is a testament to Luno’s strong focus on compliance and its ongoing advocacy globally for the effective regulation of crypto asset services. Luno is regulated by the Securities Commission of  Malaysia and is registered with the authorities in Indonesia.

“We are thrilled to receive MAS’ in-principle approval to provide Digital Payment Token (DPT) services in Singapore as a Major Payment Institution. We firmly believe that regulation brings clarity and protection to businesses and consumers, and obtaining the IPA is just one of the first few steps in our long-term commitment to the progressive and sustainable development of Singapore as a global financial hub. With this IPA, we hope to instil greater trust and confidence in the market, so that customers can continue to trust and use our platform safely and securely,” said Sherry Goh, Global Expansion Manager and Country Manager for Singapore, Luno.

Since being founded in 2013, Luno – a global cryptocurrency platform that aims to put the power of crypto in everyone’s hands – has garnered over 10 million customers across 40 countries, with over 1 million added within the last six months. This follows a successful year that saw Luno grow its global customer base by 35% year-on-year and aims to bring cryptocurrency to over 1 billion customers by 2030.

Following Luno’s acquisition by the Digital Currency Group (DCG) in 2020, DCG further secured over USD$700 million in a secondary funding round from investors including Google’s Capital G and GIC Singapore, valuing DCG at USD$10 billion. To further align the business to our mission, Luno also recently launched Luno Expeditions, a global, early-stage investment arm to support the best fintech and crypto/web3 founders on their journeys to build the next generation of financial services.

aura-blockchain-consortium-teams-up-with-sarine-to-set-the-new-standard-in-diamond-traceability

Aura Blockchain Consortium Teams Up with Sarine to Set the New Standard in Diamond Traceability

April 28, 2022 Published by

 

Sarine Technologies Ltd (U77:SI; SARN.TA), a worldwide leader in the development, manufacturing, marketing and sale of precision technology products for the evaluation, planning, processing, measurement, grading and trading of diamonds, is pleased to announce that Aura Blockchain Consortium (“AURA“), founded by LVMH, Prada Group, Cartier, part of Richemont, and OTB Group, has chosen to partner with Sarine regarding Sarine’s Diamond JourneyTM traceability solution and data for the AURA platform. Through this one-of-a-kind partnership for diamond traceability, the multi-stakeholder Consortium is laying out the very first foundations for best-in-class product traceability standards from raw material to finished product applied in the luxury sector.

Sarine has been selected by AURA to provide full diamond traceability across the entire supply chain, from extraction to polishing and setting. Sarine’s traceability solution is based on data independently and automatically generated by its IOT enabled systems being used throughout the pipeline by many of the industry’s leading producers and midstream polishers, without resorting to non-verifiable declaratory inputs.

Supporting global partnerships for sustainable development (SDG 17), AURA is a not-for-profit organization born with the vision that collaboration driven by common objectives for a greater good can coexist within a competitive environment. Providing tools to enhance transparency and trust, the Consortium ambitions to develop sustainable blockchain solutions and technologies that are bespoke to each sector. By linking the physical flows to their transactional and informative data gathered in the blockchain, the Consortium strives to achieve the highest levels of traceability while making their access easily available to all actors irrespective of their size and location. Founded by luxury brands and relying on the crucial prerequisite of traceability, the Consortium supports and enables innovation, authenticity, and responsible practices throughout the value chain within the luxury sector.

Daniela Ott, Secretary General of AURA said: “There is perfect synergy between AURA and Sarine. By partnering with Sarine in relation to Sarine’s comprehensive traceability technology, we are establishing a one-of-a-kind technological solution with significant added value to both luxury brands and their customers. This new solution will provide complete transparency on product sourcing history and verifiable authenticity documentation, which is key to strengthening consumer trust in brands and fostering a long-term relationship, which is critical in today’s rapidly evolving retail landscape. We anticipate additional leading luxury brands will soon be joining our unique consortium.”

David Block, CEO of Sarine, commented:” It is an honor to have been selected to partner with the esteemed Aura Blockchain Consortium of leading luxury brands. This new endeavor will enable global luxury brands to benefit from our uniquely comprehensive and factual traceability solution in order to increase supply chain transparency, thereby increasing consumer confidence. Our solution enables the jewelry houses the ability to implement a traceability solution based on blockchain technology that is easily scalable and with low overheads to all their suppliers in the upstream and midstream diamond value chain.”

team-vitality-extends-partnership-with-philips-monitors

TEAM VITALITY EXTENDS PARTNERSHIP WITH PHILIPS MONITORS

April 28, 2022 Published by
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The partnership will see a new worldwide multi-year commitment from Philips Monitors as it becomes the exclusive monitor partner for Team Vitality’s League of Legends and FIFA teams.

Leading global esports organisation Team Vitality is excited to announce it has extended its international partnership with Philips Monitors through master licensee TPV. Previously covering Team Vitality’s FIFA team, the partnership has been strengthened to now include its League of Legends teams who compete in both the League of Legends European Championship (LEC) and the Ligue Française League Of Legends (LFL).

Philips Monitors multi-year commitment will see them equip Team Vitality’s world-class athletes including eight-time LEC winner and 2019 World Championship finalist Luka “Perkz” Perković and back-to-back 2021 LEC winner Matyáš “Carzzy” Orság with its top-of-the-range monitors. They will also receive logo placement on jerseys for both League of Legends and FIFA teams as they compete at the biggest European esports tournaments.

As part of its new strategy, further opening to PC gaming besides console gaming, Philips Monitors will benefit from Team Vitality athletes’ expertise for research and development, aiming to build the best monitors for gamers. Philips Monitors will provide monitors across Team Vitality’s cutting-edge training facilities in both Berlin and the Stade de France.

“Providing our players with the best equipment to help them perform at the highest level has always been a top priority for us, so it’s great to be able to extend our partnership with such a trusted supplier in Philips Monitors. It’s also a testament to what we are achieving at Team Vitality to be able to grow our existing partnerships.” commented Nicolas Maurer, CEO, of Team Vitality.

“It’s been incredible supporting the FIFA squad and the V.Hive facility with Philips Momentum console gaming monitors, for an enhanced training environment. We’re thrilled that this year our partnership is growing, also including our PC gaming monitors and the League of Legends teams”, comments Xeni Bairaktari, Global Marketing Lead and Senior Brand Manager EU at Philips Monitors & IT Accessories. “Philips Monitor is stepping up its game, with major news and updated technologies, and our partnership with Team Vitality will help us give gamers the best monitor solutions”.

campaign360-2022-–-new-direction

Campaign360 2022 – New Direction

April 28, 2022 Published by

 

Campaign Asia‘s inaugural Campaign360 2022 is taking place in both Singapore and virtually between 10-11 May 2022.

Over 150 senior performance and brand marketers are joining the flagship event to engage in more than 35 sessions of live panels, discussions and keynote interviews. Hear from over 30 expert speakers sharing fresh ideas and strategies to retain talent, grow brands and build businesses ready for the future, including:

  • Annette Male, Head of Agency APAC, Meta
  • Anita Kanal,  Former VP Customer Marketing, APAC, Visa
  • Ashutosh Srivastava, CEO, GroupM APAC
  • Alvin Wang Graylin, China President, HTC
  • Alvin Neo, Chief Customer and Marketing Officer & Managing Director, FairPrice Group & NTUC Link
  • Bhaskar Choudhuri, Chief Marketing Officer, Lenovo Asia Pacific
  • Diana Boo, Chief Marketing Officer, Boost
  • Daphne Kuah, Chief Marketing Officer APAC BK, Restaurant Brands International
  • Edward Bell, General Manager, Brand, Insights and Marketing Communications, Cathay Pacific
  • Federico Palomba, Managing Director, Juventus APAC
  • Frederic Giron, VP, Research Director, Forrester
  • Gaurav Virkar, Global Head of Media, SK-II
  • Iris Chang, Director & Head of Sustainability, Grab
  • Jiunn Shih, Chief Growth Officer, Zespri International
  • Karl Cluck, Head of APAC Agency, TikTok
  • Kevin Mintaraga, Chief Marketing Officer, Tokopedia
  • Karen Nelson-Field, Founder and CEO, Amplified Intelligence
  • Kaveri Khullar, Vice President Consumer Marketing, Mastercard, Asia Pacific
  • Marilyn Wang, Chief Marketing Officer, Manulife Vietnam
  • Mitchell Kreuch, Managing Director, Southeast Asia, Twitter
  • Michael Patent, Founder & President, Culture Group
  • Rupen Desai, Global Chief Marketing Officer, Dole Sunshine
  • Richard Brosgill, Managing Director, APAC, Assembly
  • Rose Huskey, Chief Client Officer, Wavemaker APAC
  • ShuFen Goh, Co-founder and Principal, R3
  • Siew Ting Foo, Chief Marketing Officer, Greater Asia, HP
  • Silas Lewis-Meilus, Global Head of Media Business Units, GSK
  • Suresh Balaji, Chief Marketing Officer- Asia Pacific, HSBC
  • Vincent Leung, Global Head of Digital Brand Marketing, Lenzing Group
  • Yves Briantais, Vice President, Marketing APAC, Colgate-Palmolive

Campaign360 will be held from 10 to 11 May 2022. To reserve your seat for the high-level event, please register through the link here: https://www.campaign360.asia/page/2099273/partner-guest-registration-form.

Session highlights:

Blending in-housing, outsourcing and integrated partnerships
In this session, experts of Assembly, Boost, FairPrice Group & NTUC, HP, Tokopedia look at how brand-agency partnerships could work in the future with the rise of newfound relationships in the creative, media and technology industries. Is it possible to strike the right balance between in-housing and outsourcing and what does that look like?

Action and accountability on sustainability
Are marketing leaders ready to make sustainability core? From supply chains to materials, distribution, packaging, CSR, social and governance; the conversation goes beyond marketing so how can we move beyond the brand purpose and into brand reinvention?

PRNewswire is the Official Media Partner of Campaign360 2022.

canadian-venture-capital-market-has-strongest-first-quarter-on-record

Canadian venture capital market has strongest first quarter on record

April 28, 2022 Published by

 

Venture capital activity in Canada hit an all-time record high in the first quarter, with US$3.5 billion in investment across 213 deals, up from US$3 billion (across 276 deals) in the year-earlier quarter, according to the latest KPMG Private Enterprise Venture Pulse Q1 2022 report.

Canadian start-ups in particular raised US$824.4 million in the first three months of the year — a period marked by global uncertainty due to the war in Ukraine, rising inflation and interest rates, continued supply chain pressures and the persistence of the COVID-19 pandemic. A majority of that total funding came from Toronto-based software firm, which raised US$650 million in a Series C round.

“While significant uncertainty during the quarter impacted the total number of deals, the amount of money being invested in the market is astronomical,” says Sunil Mistry, Partner, Private Enterprise and Technology, Media and Telecommunications, KPMG in Canada. “Canada’s VC ecosystem remains remarkably robust in the current environment, which is a strong indicator that Canada’s VC market has matured.

“We expect the VC market to remain stable over the next few quarters as the mountain of dry powder gets deployed. However, we could see some slowing by the end of the year if geopolitical and pandemic-related uncertainties persist.”

Similar to the global and U.S. VC landscape, Canada continues to attract significant VC investment in the technology space, which accounted for 105 of the 213 deals. The majority of deals were in artificial intelligence (AI) and machine learning (30 deals) valued at over US$1.2 billion*, followed closely by fintech (28), the report notes.

Top industry verticals by investments:
  • Artificial Intelligence /Machine learning – 30
  • Fintech – 28
  • Crypto/Blockchain – 17
  • Cleantech – 15
  • Life sciences – 10
  • Health tech – 9
  • AgTech – 7
  • Real Estate Tech – 7

“Canada’s technology sector continues to draw significant attention from investors both within and outside the country,” says Dan Wilson, National Leader – Technology Sector, KPMG in Canada. “The pandemic has  accelerated digital innovation and use of technology across industry verticals with continued investment in AI, security tools, fintech, edtech and healthtech. We’ve seen a number of massive financing rounds in Q1 2022, and momentum building in cleantech. ”

Corporate Venture Capital and Exits take a hit

Corporate venture capital (CVC) investment dropped significantly in Q1’22, coming in at US$966 million, much lower than the previous three quarters, but still up from last year. There were 41 CVC deals in Q1’22, down from 56 deals in Q4’21 and 68 deals in Q1’21.

Following a record year for exits in 2021, first quarter exits saw a notable decline. There were only 27 exits worth US$77.5 million in Q1’22, a significant drop over the previous quarter (Q4’21 saw 34 exits worth US$3.4 billion) and last year’s Q1 (34 exits worth US$1.2 billion). Of the total exits in the first quarter, five were buyouts, two were IPOs, 16 were merger/acquisitions, and four were reverse mergers (two of which resulted in listings).

“It was very frothy market last year where many companies went public, but that’s dissipated as valuations have dropped. A lot of the companies that went public last year aren’t living up to expectations,” says Mr. Mistry.

“With inflation and interest rates going up, supply chain issues and geopolitical concerns could affect the IPO market.”

Globally, VC investment hit US$144.8 billion, higher than all but the four consecutive record-breaking quarters seen during 2021.

*Some deal values were undisclosed so this number could be much higher.

axia-announces-launch-of-hyper-deflationary-blockchain-with-eco-conscious-proof-of-participation-protocol

AXIA Announces Launch of Hyper-Deflationary Blockchain With Eco-Conscious Proof-of-Participation Protocol

April 28, 2022 Published by

 

AXIA, the organization delivering the first hyper-deflationary network and digital currency, today announced the official mainnet launch of the AXIA blockchain. The launch follows a short testnet period of just under two months, and comes at a time when inflation is nearing staggering double digit rates in the United States for the first time in decades. AXIA and its native currency, AXIA Coin, provide a hyper-deflationary economic design in which the currency itself becomes more and more scarce through any form of activity or participation across the network, acting as a superior store of value and a reliable hedge against inflation.

While both first and second generation blockchains introduced new decentralized financial structures to the global marketplace, both models have displayed fundamental flaws. These critical issues include poor economic models for their native currencies, lack of interoperability, wealth concentration, slow speeds, negative environmental impacts, and inaccessibility to everyday individuals. AXIA is a third generation blockchain that was developed to specifically address these inefficiencies by:

Providing a superior economic model through its hyper-deflationary design.

The AXIA Network delivers a participatory hyper-deflationary model. Meaning, any and all activity on the AXIA Blockchain and in the ecosystem ensures that AXIA Coin will become more scarce over time, which can benefit users and stakeholders in an ongoing manner. This system also ensures a negative correlation between network demand and supply.

Eliminating congestion to speed up transactions.

By incorporating a network design that allows multiple blockchains to operate simultaneously and numerous strings of processes to be executed in tandem, AXIA sidesteps various network pace issues that have hampered previous generations of blockchains. This key feature allows AXIA users to operate at speeds over 143 times faster than Bitcoin and at least 33.33 times faster than Ethereum.

Addressing the challenges of interoperability between blockchains.

Historically, first and second generation blockchains have offered limited interoperability to their users, and in some cases none at all.

AXIA was specifically designed to address this problem by facilitating over 100 interoperable blockchains (AllyChains) at its outset – the number of which will only grow over time – that operate in conjunction with its primary chain (CoreChain). The AXIA Network allows for greater autonomy and decentralization as AllyChains feature their own governance, native token and business processes while working in unison with the CoreChain. Additionally, AXIA has developed a bridging tool called AXtend that allows multiple projects from other networks to seamlessly join the AXIA blockchain and gain all the benefits it has to offer.

Delivering unprecedented global accessibility that enables anyone with an Internet-connected electronic device to participate in network consensus.

Unlike leading blockchains that often require energy-intensive mining equipment or strong technical know-how, the inclusive design of AXIA ensures that anyone with an Internet connection can participate with the network. This unprecedented global accessibility enables anyone with an electronic device such as a mobile phone or electric car to be part of network consensus. AXIA not only takes decentralization to the next level by welcoming more people into the governance process, but the inclusive nature also enhances security simultaneously – making it much less vulnerable than other networks

Reducing energy consumption.

AXIA is delivering a greener future to blockchain by introducing its innovative Proof-of-Participation (“PoP”) consensus. The PoP model is designed to decrease the energy consumption of each user. The AXIA Network itself uses 246,309 times less energy than Ethereum and, on average, 1,278,244 times less than Bitcoin.

Lowering fees.

The hyper-deflationary design results in gas fees on AXIA (approximately $0.001 USD per transaction) costing significantly less than on legacy blockchains like Bitcoin (around $7.60 per transaction) and Ethereum (approximately $15 per transaction).

“The launch of the AXIA Network mainnet is a giant leap forward, not only for the AXIA Project, but for the design and development of blockchain technology as a whole,” said Nick Agar, the founder of AXIA. “We are proud to have tackled so many of the challenges of blockchains 1.0 and 2.0, while still maintaining our core mission: To provide a blockchain network with the benefit of more sound economics, more inclusivity, energy-efficiency and scalability while offering a higher level of decentralization. Now, anyone with access to the Internet has the resources they need to create a more secure and favorable future for themselves and their loved ones as AXIA can provide opportunities and the means for advancement in ways that don’t exist today.”

AXIA plans to launch the following applications on the network in 2022:

  • AXclusive – an NFT platform with cross-chain trading and low fees that are burned.

  • AXpay – the AXIA version of Apple Pay, enabling global transactions and payment processing in AXIA Coin.

  • AXswap – a DEX (decentralized exchange) with farming pools, lotteries and more.

  • AXelerator – an incubator and token launchpad that provides a portal through which participants can apply for funding through AXIA.
finastra-names-hack-to-the-future-4-winners

Finastra names Hack to the Future 4 winners

April 28, 2022 Published by

 

Finastra today announced the winners of its Hack to the Future 4 annual global hackathon. Thousands of participants from over 75 countries submitted 230+ projects focused on sustainable and inclusive finance, embedded finance and Banking as a Service (BaaS), and Decentralized Finance (DeFi).

And the winners are…

Best Business Model Innovation: EnFOLL – a marketplace for second-hand solar panels, helping underserved communities get access to renewable energy, and extending the life of the products.

Runners up: Effortless.

Best Fintech submission: PRAAM – Physical Risks Analytics for Asset Managers – an integrated solution to identify, evaluate, manage and report physical risks in investment portfolios. Benefits include value protection, climate risk management and operational efficiency.

This project is a collaboration between IMPACTPlus, a fintech start-up, and a Finastra FusionInvest team. IMACTPlus also won the Best Woman-Led Fintech prize for this submission.

Best Embedded Finance submission: Effortless – Quick and simple Buy Now Pay Later financing. Consumers benefit from a simple way to apply for a loan with optimal terms and payment options, direct from their trusted financial institution.

Runners up: FinFit 2.0 | Wellness Banking and Fundget.

Best ESG submission: Give XRP – a fast, simple, secure app for charitable giving, enabling crypto users to make tax-deductible donations.

Runners up: I-REC trading, Malachi, Friends Reference Bureau

Best DeFi submission: Monnex(TM) – Accessing Finance the Confident way(TM) – A revolutionary platform that helps monetize traditional assets like Equities etc. to access real liquid funds or investments into crypto without impacting the integrity of these assets.
Runners up: Growr, Payment Vouchers and PiggiFund.

Best Diversity, Equity & Inclusion (DE&I) submission: Growr – an app that encourages financial inclusion by enabling borrowers to receive fair and instant unsecured loans based on self-sovereign identity and DeFi protocols.

Runners up: Trackio and A Green Vest.

Prizes for winners include mentoring and scholarship programs, cash, crypto and internship opportunities.

Chirine BenZaied, Head of Innovation at Finastra said, “We want our hackathons to ignite a movement towards a world of financial sustainability, inclusion, and autonomy. This year’s projects really reflect that goal and we’ve been so excited to see the truly innovative ideas that people all around the world have come up with. We also garnered so much insight from these projects on the technologies and trends the industry is moving towards. We see the market switching from private to public blockchains and looking for ways to embed DeFi into traditional banking services, for example. We also see that there is still significant need to find solutions that support financial inclusion, especially in connection with BaaS. Congratulations to all of the winners and a big thank you to our hundreds of supporting partners, our judges and mentors.”

Finastra also hosted a youth hackathon for 10-18 year olds, encouraging the next generation to help change the world of finance. Hundreds of projects were submitted from around the world, including ideas from India and Moldova.

Youth hackathon winning teams:

MicoBank – a project submitted by a 14-year-old at the Deva Matha Central School – an app to reward children for positive actions with Solana Tokens that can be spent in store, secured by blockchain.

Finlit – A project submitted by two students – a literacy tool to solve financial inclusion challenges for young people.

Runners up: Aiding Peace.

Finastra made its open APIs available via its FusionFabric.cloud development platform for the hack.

To see all the project submissions from the hackathon, click here.

To tap into the previously live meet up sessions, which have over 23,000 views, and join the Hack to the Future fintech movement, click here.

#HackToTheFuture #HackingForGood #OpenByDefault

douglas-based-company-in-frame-for-three-prestigious-gambling-industry-awards

Douglas-based company in frame for three prestigious gambling industry awards

April 28, 2022 Published by
Reading Time: 2 minutes

 

The team at a Douglas-based company are celebrating after being nominated for three prizes at a prestigious awards ceremony.

SolutionsHub, which specialises in advising gambling and cryptocurrency businesses, has been shortlisted in three categories at the forthcoming EGR B2B Awards.

The company is in the running for the Best Customer Service, Corporate Services Supplier and Cryptocurrency Services Supplier accolades. The ceremony will take place on June 15 at The Brewery, London.

The team are looking to follow the success of 2019, when they picked up the Cryptocurrency Services Supplier award at the EGR B2B Awards.

The EGR B2B Awards aim to “reward and celebrate the very best service providers in the online gaming industry, recognising the achievements of suppliers from across all the major egaming disciplines including betting and gaming software, networks, mobile, payments, recruitment, IT and infrastructure”.

The list of nominees includes gambling industry giants such as Aspire Global, Pinnacle and Pragmatic Play.

SolutionsHub provides expertise with registering and maintaining crypto and blockchain businesses under the Designated Business Act and Online Gambling Regulation Act and has won more than 25 prestigious awards for work in the gambling, crypto and blockchain sectors.

Mr Hills said: “The EGR Awards are widely recognised as the most prestigious in the gambling industry and to be nominated for even one is a huge achievement, so we are naturally thrilled to be in the running for three.

“It’s great for raising our profile, of course, but more importantly it’s fantastic recognition for the expertise, hard work and talent of our team.

“We’re thrilled to again be nominated in categories relating to cryptocurrency as this is a highly skilled specialism in which we have led the way for some time. It’s great to receive this continued recognition.

“However, we are particularly proud to be shortlisted for in the customer service category, as our dedication to our clients underpins our philosophy and approach to work.

“The nominations are also further acknowledgment that the Isle of Man is at the epicentre of some of the most exciting and forward thinking industry trends as we continue to lead the way globally on crypto, blockchain and igaming. “We are looking forward to the ceremony and are up against some tough competition but hopefully we can come back with another award to add to our success in 2019.”

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