Category: Uncategorized

capital-trust-announces-ptc-transaction-of-about-inr-280-million-with-u-gro-capital-limited

Capital Trust announces PTC Transaction of about INR 280 Million with U GRO Capital Limited

August 3, 2021 Published by

 

Capital Trust Limited (Capital Trust), a digitally enabled non-banking finance company (NBFC), specialising in providing income generating micro business loans in tier 3-5 regions, today announced that it has entered into PTC (Pass Through Certificates) transaction with U GRO Capital Limited, a technology focused small business lending platform.

This is the first time U GRO Capital and Capital Trust have come together for a PTC transaction of about INR 280 million, with amortisation of the pool tenure of 20 months. The instrument is rated BBB+ by ICRA Limited. The tie up will allow Capital Trust to enhance its liquidity and build a strong capital base. The loans underlying the pool will have monthly instalments with original maturity of up to 3 years. With this tie up, Capital Trust will be able to expand its credit portfolio of income generating micro loans among rural India’s underserved population.

Commenting on this development, Mr. Yogen Khosla, Chairman and Managing Director, Capital Trust Limited, said, “This transaction is in line with Capital Trust’s balance sheet light business growth model and will help the company expand its lending portfolio at a faster pace without additional burden on the books of the company. The arrangement will enable Capital Trust to expand its digital lending footprint to Tier 3-5 regions primarily in Northern India. The company will continue to enter into such tie ups in near term which will help in building a strong capital base with high liquidity.”

fractal-achieves-soc-2-type-2-compliance

Fractal Achieves SOC 2 Type 2 Compliance

August 3, 2021 Published by

 

Fractal, (fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, today announced that it has achieved Service Organization Control (SOC) 2 Type 2 compliance. With this compliance, Fractal meets the American Institute of Certified Public Accountants (AICPA) Trust Services Criteria for internal controls relevant to security, availability, processing integrity, confidentiality, and privacy.

“Information security is vital to Fractal’s clients and partners. SOC 2 Type 2 compliance testifies that Fractal’s internal security controls provide a high degree of assurance around operational effectiveness of systems and services that process client’s data,” said Pranay Agrawal, Co-Founder & CEO, Fractal. “We’re excited to be one of the few global AI and Analytics providers with SOC 2 Type 2 certification and will continue to invest to further strengthen data privacy, protection, and security for our clients.”

“We are proud to be accredited with SOC2 Type 2 compliance,” said Rasesh Shah, Chief Information Officer, Fractal. “Data security and privacy is paramount to our mission of powering every human decision in the enterprise and SOC certification gives confidence to our clients that we have adequate internal controls in place and how well the controls are operating. Successful completion of this audit proves our commitment to deliver best-in-class AI solutions while safeguarding client data at each stage.”

Developed by the American Institute of Certified Public Accountants (AICPA), System Organization Control (SOC2) is a technical auditing process used to validate the systems and controls designed by an organization to secure its client data. SOC2 reports are conducted by independent auditors, who measure the availability, security, and integrity of an organization’s unique data processing systems, and ultimately determine whether effective safeguards and controls are in place. It is considered one of the highest standards for security accreditation.

sticpay-announces-local-bank-wire-service-in-hong-kong

STICPAY Announces Local Bank Wire Service in Hong Kong

August 3, 2021 Published by

 

Leading global e-wallet payment provider, STICPAY, has today announced a new local bank wire service in Hong Kong.

A local bank wire is one of the easiest ways to transfer money online and is much faster and attracts lower fees than sending money via an international bank wire.

A bank wire is a means of transferring money from one financial institution to another via financial intermediaries. When that involves banks in different countries and operating in different currencies, the process can become time consuming and expensive. The need to adhere to international money handling rules, as well as domestic laws and tax arrangements, can mean a simple transaction takes 3-5 days on average, but could take weeks.

Using a local bank wire removes much of the complexity and therefore the time and cost involved in money transfers. Local bank wire transfers occur within a country’s domestic payment system and therefore no financial intermediaries are required. The obvious benefits of this are that money transfers become faster and cheaper.

STICPAY already successfully operates local bank wire services in S. Korea, China, Malaysia, Indonesia, The Philippines and Singapore and more countries are planned for the future.

The service is expected to be of particular interest in Hong Kong, following recent moves by the Chinese government to restrict how much money can be transferred by foreign banks into China. These moves have caused consternation among global bank executives and foreign companies in China.

James Bay, Customer Service Director at STICPAY, said: “Using a local bank wire to transfer money avoids all of the issues associated with cross border money transactions. It works by using a STICPAY partner bank in the country in which the money is to be received, thereby making the transfer of money a domestic rather than international one.

“Some of the rules around banking in China are changing and becoming less favourable to foreign banks but using STICPAY’s local bank wire service removes any concern as the transfer is conducted through a local bank.

“On top of the increased speed of money transfer and the vastly reduced costs, the removal of concerns around international politics and money regulations means STICPAY’s local bank wire service in Hong Kong is the natural choice for companies and individuals wishing to send money into or out of the territory.”

paf-acquires-two-swedish-licensed-companies

Paf acquires two Swedish licensed companies

August 3, 2021 Published by
Reading Time: 2 minutes

 

Paf is acquiring the two Swedish licensed gaming companies Speedy Ltd and Speedy Originals from Hero Gaming. The companies run the gaming sites Speedy Casino, Speedybet and Speedyspel. With the purchase, Paf will become one of the six largest gaming companies in Sweden.

“We want to grow in Sweden and we have a determined ambition to be a leading player in the Swedish licensed market,” says Paf’s CEO Christer Fahlstedt.

Top six in Sweden

Hero Gaming was founded in 2013 and they have been successful in the Swedish market with the Speedy brand gaming sites.

“We see the deal as a good win-win strategy, in that now Hero Gaming can focus more on the global market. It feels good that it is Paf who is buying our Swedish business, they have a long-term strategy and they are well-known for their responsible gaming work,” says Tomas Bäckman, CEO of Hero Gaming.

Paf will become one of the six largest gaming companies in Sweden after the purchase. This is a position that Paf has been deliberately seeking.

“This acquisition shows that we have faith in the future of the Swedish market and we also have the capacity to acquire the companies that strengthen us,” says Christer Fahlstedt.

The loss limit will be implemented

The three Speedy gaming sites will implement Paf’s comparatively tough guidelines for responsible gaming. Among other things, Paf’s annual mandatory loss limit of EUR 20,000 / SEK 200,000 will be introduced.

“We do not have an interest in taking over the gaming sites unless their customers are largely at a gaming level that we accept. But of course, customers will notice that we value responsible gaming very strongly, to the same level of responsible gaming that we have on Paf’s other gaming sites,” says Christer Fahlstedt.

SpeedySpel, SpeedyBet and SpeedyCasino will continue to operate under their current brands in the Swedish market.

third-course-in-popular-extreme-academy-training-series-teaches-business-skills-for-networking-professionals

Third Course in Popular Extreme Academy Training Series Teaches Business Skills for Networking Professionals

August 3, 2021 Published by

 

Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced the third course in its Extreme Academy Live IT training program, Advance Your Career, will begin on August 5. The free, four-week course offers an inside perspective on the networking industry usually learned through years on the job. No IT experience is required to enroll.

Instructors will walk participants through the role networking plays in delivering business outcomes using real world examples. Participants will learn to understand and articulate the value organizations gain from modern IT networks. They’ll learn to decode networking industry jargon and get tips from experienced professionals on what it takes to have a successful career in IT, including how to “speak business” and the soft skills that can help both aspiring and experienced IT professionals become better, more engaged employees.

Key Facts

    • Extreme Academy is an academic curriculum designed to educate experienced and aspiring IT professionals on networking, security, and cloud fundamentals, as well as machine learning and artificial intelligence (ML/AI). Participants who complete Extreme Academy Live coursework can earn key accreditations and certifications, including an Extreme Networks Associate-level qualification. Over 11,000 participants are currently enrolled
    • The past year has forced organizations of all sizes to take a hard look at their IT and networking investments in their pursuit of digital transformation. Functional leaders need an IT partner to drive business outcomes, as well as the requisite knowledge for a productive conversation. Participants in the Advance Your Career course will explore the role networks play in a modern business environment and will leave with a better understanding of IT jargon, networking industry trends, and the reasoning behind IT strategies.
    • The first two courses in Extreme Academy Live, Introduction to Future Networking and Building Robust and Secure Wireless Networks, are available for free on-demand via Extreme’s YouTube channel. Extreme offers free, accessible IT training and certification that is available live and on-demand as part of its efforts to narrow the digital divide and build a stronger IT workforce.
    • Extreme Academy is also available as an onsite course that can be integrated into existing curriculums or taught alongside current coursework and training at colleges, universities, or businesses. The curriculum consists of flexible lesson plans that can be structured for virtual classrooms or live instruction, enabling each institution to customize Extreme Academy to fit their students’ needs. Participating organizations receive teaching resources, state-of-the-art lab equipment, and a diverse training portfolio. To bring Extreme Academy to your organization, contact Extreme Networks via academy.extremenetworks.com.

Extreme Academy Live Participant Highlights

Satyend Appiah, Participant in Extreme Academy Live: Introduction to Future Networking, United Kingdom
“I started as a service desk analyst four years ago and worked my way up to become an infrastructure engineer. My goal is to one day specialize in networking, and Extreme Academy is helping me achieve that goal. It has been a highly insightful, informative course and I have no doubt this knowledge and content will help me excel in my future career.”

Steve Burgess, Participant in Extreme Academy Live: Introduction to Future Networking, United States
“I love working with technology, so wherever I work I have asked to handle the networks. I am currently a systems administrator because I was the only one who volunteered! This class has been wonderful and has helped me refresh my foundational knowledge. I now understand why certain tasks are necessary, not just how to do them.”

Chad Kietzman, Participant in Extreme Academy Live: Building Robust and Secure Wireless Networks, United States
“We are using Extreme Academy to build the bench in our technology department. Extreme Academy is giving my team the foundation to understand IT basics and helps me better explain in detail how our network works. We are all gaining knowledge and using it to build a better network and user experience.”

Executive Perspective

Ed Meyercord, President and Chief Executive Officer, Extreme Networks
“In the highly competitive IT industry, having non-technical business knowledge in addition to technical skill is a hugely valuable differentiator. These skills are often learned through experience, but Extreme Academy allows us to give aspiring IT professionals insider knowledge and insights before they have to learn on the job. Extreme is proud to provide an accessible introduction to the technology industry and key skills for an even wider audience as we continue to expand Extreme Academy and inspire the next generation of technology leaders.”

Additional Resources

kx-named-official-supplier-of-real-time-data-analytics-to-alpine-f1-team-in-global-partnership-agreement

KX Named Official Supplier Of Real-time Data Analytics To Alpine F1 Team In Global Partnership Agreement

August 3, 2021 Published by
Reading Time: 2 minutes

 

Alpine F1 Team is pleased to partner with KX, a worldwide leader in real-time streaming analytics.

–  KX will become the team’s official supplier of real-time analytics software and services.

–  The announcement comes after an 18-month project where the KX streaming analytics platform was deployed across the entire Alpine F1 Team organization.

–  Alpine F1 Team looks forward to working with KX to enable real-time data capture and analysis of millions of data points to perform ahead of the competition.

LONDON, Aug. 2, 2021 /PRNewswire/ — KX, a worldwide leader in real-time streaming analytics, today announced a partnership with Alpine F1 Team as official supplier of real-time analytics software and services. The KX technology enables real-time data capture and analysis of millions of data points across thousands of sensors for split-second decision-making during races, as well as for off-track operational improvements.

The announcement comes after an 18-month project where the KX streaming analytics platform was deployed across the entire Alpine F1 Team organization, in France for the power unit and in the UK for chassis and transmission. KX software is used to capture and analyze data across driver simulators, wind-tunnels, dynometers, telemetry instruments and sensors. With its ultra-high performance, extreme low latency and incredibly small footprint, the KX platform can capture, analyse, model and visualize track data faster than a live video stream can be broadcast from a race.

The KX logo will appear on Alpine F1 Team’s garage environment, symbolising the official kick-off of this multi-year, multi-faceted relationship.

Laurent Rossi, Chief Executive Officer, Alpine: “We are delighted to welcome on board KX to the Alpine family. In a sport where winning is measured in fractions of a second, this partnership will help Alpine F1 Team perform ahead of the competition. We look forward to working with them as we collectively strive for greater performance in all areas.”

Nathan Sykes, Business Systems and Data Science Director, IT Enstone, Alpine F1 Team: “In such a highly technical and highly regulated sport, the ability to make faster and better decisions is a game changer. The relationship we have with KX has matured over the last few years and the power of their advanced sub-second analytics and maths engine running in our Azure cloud, has consolidated its position as our tool of choice for our holistic data science platform. KX delivers true end-to-end real-time analytics with unrivalled speed of data ingestion and capture, advanced modelling and predictive analysis as well as visualization of insights. This means we can spot and react to problems before they happen and identify opportunities to increase performance, all in milliseconds. We’re already seeing significant benefits from using the KX platform and we’re looking forward to scaling up the deployment to continue driving the team forward.”

Gerry Buggy, Chief Strategy and Product Officer KX: “We are excited to be working with Alpine F1 Team to help them enhance on-track and operational performance through real-time data analytics. This partnership strengthens our existing relationship, and we look forward to developing the platform to drive on and off-track success.”

dbs-clinches-global-accolade-for-innovation-in-digital-banking

DBS clinches global accolade for innovation in digital banking

August 3, 2021 Published by

 

DBS has been honoured as the global winner for Most Innovative in Digital Banking by Financial Times publication, The Banker, in its 2021 Innovation in Digital Banking Awards. The bank was also recognised as the Asia-Pacific winner, and won in the Cyber Security category for its Secure Access and Remote Working Solution.

The Banker’s Innovation in Digital Banking Awards recognise the most innovative banks across the world for their digital banking initiatives, strategy, and overall commitment to digital transformation. These awards, now in their second year, are the evolution of The Banker’s Technology Projects of the Year Awards.

Joy Macknight, editor of The Banker, said, “Congratulations to DBS for winning the Global and Asia-Pacific accolades in The Banker’s Innovation in Digital Banking Awards 2021. It is a fitting tribute to a bank that is renowned for being ahead of its peers in adopting emerging technologies that are reshaping the banking industry. During the past year, it launched: DBS Digital Exchange, a blockchain-based ecosystem for fundraising through asset tokenisation and secondary trading of digital assets including cryptocurrencies; NAV Planner, a feature-rich digital advisory solution powered by more than 100 artificial intelligence (AI) models; and a Covid contact-tracing solution using AI/machine learning. These initiatives are testament to DBS’ innovative spirit.”

Piyush Gupta, DBS CEO, said, “We are honoured to be recognised by The Banker for being the most innovative in digital banking globally. DBS has been studying and experimenting with emerging technologies over the years. We believe some of these have reached a tipping point, presenting new opportunities for growth. One area is asset digitalisation, which along with blockchain technologies, has the potential to reshape capital markets. Another is Artificial Intelligence/ Machine Learning, which we continue to leverage in order to provide customers with hyper-personalised financial solutions. DBS has been successful in our digital transformation over the years because of a pervasive culture of experimentation, agility and innovation, and we will continue on this path so as to be on top of the megatrends shaping the future of banking.”

Separately, DBS was also named Asia’s Best Bank and Asia’s Best Digital Bank by leading financial publication Euromoney in its regional Awards for Excellence 2021. This marks the fourth time that the bank has picked up both accolades, and the third consecutive year that DBS has been recognised by Euromoney as Asia’s Best Bank. Euromoney also named DBS Best Bank and Best Investment Bank in Singapore.

In its 2021 award citation naming DBS Asia’s Best Digital Bank, Euromoney noted: “DBS’ digital capability was tested to the core by Covid, and it not only stepped up but turned the situation to its advantage. From consumer to institutional, DBS used the opportunity to convert clients to digital channels, benefiting from improved economics as it did so. Before long the government was counting on the bank to disburse emergency payments to those under stress. Amid all this, DBS still found the time to do striking new things. The most impressive was the launch of the DBS Digital Exchange, the first instance worldwide of a major bank creating a new platform on this scale… On the wealth side, the DBS NAV Planner was also an important part of the bank’s vision to democratise wealth and increase financial literacy.”

The DBS Digital Exchange (DDEx) has enjoyed strong market traction since its launch in December 2020, with DBS recently announcing DDEx’s maiden Security Token Listing (STO) – the SGD 15 million DBS Digital Bond. The capabilities of DBS NAV Planner have also been further enhanced since its initial introduction in April 2020, with new features including an AI-powered digital investment advisory feature to help individual retail customers make better investment decisions, and a ‘Map Your Money’ interactive dashboard which can project a customer’s future retirement needs based on their current finances.

meet-india’s-leading-gaming-content-creators-who’re-raking-in-the-moolah

Meet India’s Leading Gaming Content Creators Who’re Raking in The Moolah

August 3, 2021 Published by
Reading Time: 3 minutes

 

Gone are the days when youngsters were told off by their folks for wasting hours e-gaming before a console, PC or mobile. Today, with increasing internet penetration, digitization across India and switchover to smartphones, the tables have turned and gaming has become a much vied-for, lucrative profession for both the urban and rural youth. And why not? Gaming is now becoming a strong avenue for the youth, millennials as well as the Gen Z to earn money, name and fame.

Trinity Gaming, India’s top gaming talent management company, has in a way, been partly responsible for creating this tectonic shift where Indian youth perceives esports and gaming not only as a profession but a gratifying job. With a motto of Game, Connect and Build, Trinity Gaming is enabling beginners to make a serious career out of their passion and past time from gaming. The company is committed to encouraging gamers who want to pursue a career in creating content. Trinity Gaming has taken the new generation of gaming creators to master and monetize their craft, proudly creating viral content for some of India’s largest brands and TV Channels alike. Currently, they are managing more than 250 top content creators in India who specialize as entertainers, influencers as well as content creators for the gaming ecosystem.

Here are India’s leading five gaming content creators & esports heroes that are setting the bar high and aspiring many more youngsters to take up esports professionally:

1. Aaditya Sawant a.k.a Dynamo Gaming

Aaditya Sawant, better known by his channel name Dynamo Gaming, the popular PUBG Mobile player now turned as BGMI creator has over 9.8 million subscribers on YouTube and 2 million followers on Instagram. He is an esports player and one of the most loved influencers in the gaming industry. The famous content creator was even spotted in the official Battlegrounds Mobile India teaser that went live on May 18. On the date of the early access release of Battlegrounds Mobile India, Dynamo Gaming was the first streamer who streamed the game on Youtube and showed the public. His channel usually reviews games, communicates with the audience and discusses tricks and hacks to clear levels in video games.

He has collaborated with brands like HP India, AMD India, ASUS and other brands for multiple campaigns.

2. Jonathan Jude Amaral a.k.a TSMentJonathan

Jonathan, 19-year-old esports athlete and influencer is based in Mumbai and has crossed many milestones in the gaming world. He is a popular PUBG Mobile player who won various titles including PMCO Fall Split SEA 2019, PUBG Mobile India 2020 and many more for TSM-Entity. Apart from that he is a popular game influencer who has 2.5 million YouTube subscribers on his channel, titled as Jonathan Gaming, which is speculated to hit five million subscribers by the end of 2021. The famous esports athlete and content creator was also spotted in the official Battlegrounds Mobile India teaser.

3. Luv Sharma, aka GodNixon Gaming

GodNixon is an Indian gamer & Youtuber with over 1.62 Million Subscribers. He used to Uploads PUBG Mobile Video of Gameplay, Tips & Tricks, Creates Opening, and lots more. He started his YouTube Career in the year of 2018 and where he used to upload PUBG Mobile Tips & Tricks Videos. He got a good response from the audience then later he started uploading Gameplay Videos of PUBG Mobile. GodNixon Gaming is a 20-Year-Old boy from India and his Real Name is Luv Sharma. He spends around 10 Lakhs in his PUBG Account for Gun Skins, Outfits, etc.

 

4. Chetan Chandgude a.k.a Kronten Gaming

Chetan plays his games under the name Kronten Gaming and he has received the Golden Play button from YouTube for his excellence. Speaking of his gaming, he is very precise with his shots that are what makes him stand out from the other gamers out there. He currently has 2.17 million subscribers on his channel and has a massive fan following of 469k on his official Instagram account. The famous gaming influencer and content creator was also spotted in the official Battlegrounds Mobile India teaser.

 

5. Rishab verma aka Antaryami gaming

Antaryami is streamer and roaster. He is from Kanpur, India. He is famous for his unique voice and funny light hearted comedy commentary in PUBG streaming. He has 339k+ followers on Instagram and approximately 3.5 million+ subscribers on his youtube channel. Antaryami is not a professional gamer but one of the most loved and viewed game streamer on YouTube.

These young guns have set the ball rolling to make gaming & esports in India the most coveted profession. They play big and earn big!

s&p-global-and-ihs-markit-announce-agreement-to-sell-opis-and-associated-businesses

S&P Global and IHS Markit Announce Agreement to Sell OPIS and Associated Businesses

August 2, 2021 Published by

 

S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) today announced an agreement to sell IHS Markit’s Oil Price Information Services (OPIS); Coal, Metals and Mining; and PetroChem Wire businesses to News Corp in a cash transaction valued at approximately $1.150 billion. The sale is expected to be completed at the close of the merger between S&P Global and IHS Markit.

The agreement marks the culmination of S&P Global and IHS Markit’s previously announced decision to explore a divestiture of these businesses and represents an important milestone on the path to regulatory approval for the merger between S&P Global and IHS Markit.

Both the merger and the divestiture remain subject to further review and approval by regulators and antitrust authorities.  S&P Global and IHS Markit will continue to work constructively with all regulatory bodies and antitrust authorities on their continued review of the proposed merger, including the adequacy of the proposed divestiture.

S&P Global and IHS Markit continue to expect to close the proposed merger in the fourth quarter of 2021, subject to the satisfaction of specified closing conditions.

dungeonswap:-the-first-binance-smart-chain-based-rpg-game-today-launches-to-bring-gamers-the-ultimate-fun-via-play-to-earn

DungeonSwap: the first Binance smart-chain-based RPG game today launches to bring gamers the ultimate fun via play-to-earn

August 2, 2021 Published by

 

DungeonSwap, the defi-RPG game developer, is pleased to announce the launch of their first tabletop RPG blockchain game – DungeonSwap. As the first Binance Smart-Chain-based RPG game, DungeonSwap incorporates the retro adventure of classical fantasy tabletop role-playing game, NFT (non-fungible tokens) weapons and the play-to-earn experience.

DungeonSwap comes at the perfect time as gamers now have the chance to bank on their nostalgia and play-to-earn given the price of DND has risen from just $0.11 to $8 in just three months resulting in a total increase of 800% in value.

DungeonSwap is dedicated to building sustainable, user-centric and entertaining decentralised ecosystems. The game is based on the belief that gamification should not just be a gimmick. Motivated to create games that, are above all else, fun and easy to use, DungeonSwap highlights the importance of generating value through enjoyment to attract gamers beyond the sector of hardcore crypto traders. As the first Defi-tabletop-RPG-style game on the Binance Smart Chain, DungeonSwap is a self-sustained and innovative platform that provides the first-in-class gaming experience and interfaces that allows gamers to have fun and yield farming at the same time.

Gamers can join the game “The Dungeon” by purchasing DND tokens on their website. As gamers proceed further into the midst of the dungeon, they can earn more DND awards and battle equipment in terms of NFTs along the journey.

The game offers rewards through DND tokens and NFTs, which are financial in nature. The NFTs that gamers receive, apart from being an art collection, will serve as a utility (e.g. weapon/shield/magic) that will aid the performance of the DungeonSwap gamers. The gaming DND financial reward funding source will come from other players’ entry fees to the game and also from the developer, whereas NFTs reward will be created and sent to players for free.

Sign-up for DungeonSwap now and experience a whole new generation of gaming.

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