Tag: Latest News

itiviti’s-linda-middleditch-wins-european-women-in-finance-award-for-excellence-in-fintech

Itiviti’s Linda Middleditch wins European Women in Finance Award for Excellence in FinTech

November 4, 2020 Published by

 

Itiviti, a leading technology and service provider to financial institutions worldwide, today announced that Linda Middleditch, Chief of Product Strategy and Engineering, has won the Markets Choice Awards – European Women in Finance Awards in the category for Excellence in FinTech.

Linda joined Itiviti in June 2019 after spending more than two decades of her career within the financial services industry, where she held senior leadership positions at UBS, Citi and Morgan Stanley. She worked with every asset class across the entire trade lifecycle, and held roles in trading, operations, technology and product management. Her move to the vendor side enabled her to review and rethink the trading technology and the way of working with the financial institutions.

Linda’s focus on enhancing cognitive diversity within the product strategy and engineering teams has greatly enriched Itiviti’s approach to building the trading platform and the team members whose professional backgrounds are anchored in areas similar to those of our clients.

The modular design technology delivers flexible solutions to meet clients’ evolving needs. The collaborative approach with clients allows the firm to support and accompany customers to overcome their trading-related challenges and align with their future growth.

“Cognitive diversity can be transformative for FinTechs,” says Linda. “At Itiviti, this is one important element in our overall approach to creating and enhancing our overall technology ecosystem. Other elements include our modular design approach, our strategic partnerships, and the way we engage with our clients.”

Another essential element is Itiviti’s strategic partnerships, which bring additional expertise into our technology ecosystem. For example, in January 2020, Itiviti announced a new partnership with Imandra, a technology company focused on cloud-scale automated reasoning. Imandra’s technology is improving the onboarding process for Itiviti clients to Itiviti’s Managed FIX global connectivity platform.

“We congratulate Linda on this award and celebrate this success with her,” says Rob Mackay, Chief Executive Officer of Itiviti. “Linda’s leadership is enabling Itiviti to engage in new and exciting ways of collaborating – in our teams, our technology, our strategic partner network, and with our customers – to drive innovation and transformation.”

hashkey-group-winner-at-hkma-‘digitizing-trade-finance’-tech-challenge

HashKey Group Winner at HKMA ‘Digitizing Trade Finance’ Tech Challenge

November 4, 2020 Published by

 

HashKey Group was announced yesterday as one of the winners of the “Digitizing Trade Finance Tech Challenge” hosted by Hong Kong Monetary Authority (HKMA). HashKey was awarded as one of the ten prize winners in a competition that attracted 103 applications from 24 cities in 16 countries. HashKey Group entered and won the competition with the support of sister company Wanxiang Blockchain.

Announced at Hong Kong Fintech Week 2020, HashKey’s solution will create a toolkit that improves the usability of blockchain-based open data standards for documents and data in cross-border trade finance. With the solution, HashKey Group and its sister company Wanxiang Blockchain will collaborate with local regulators, universities, government agencies, and SMEs in the Greater Bay Area (GBA).

“This year we are witnessing a rapid acceleration in the growth of digital commerce,” said Michel Lee, HashKey Group Executive President. “As this trend continues, we are very excited by the potential of blockchain solutions to deliver the common data standards needed to bridge digital islands and allow for seamless digital trade.”

The project marks the second time the two companies received government recognition for its trade finance blockchain solutions. The project is an extension of current work with the Singapore government on blockchain-based digital trade facilitation.

“Through our work on open data standards, HashKey has developed a unique perspective on how to improve blockchain-based digital trade and make it more practical for more industry participants,” said Ben El-Baz, Head of Ecosystems at HashKey Group. “Together HashKey and Wanxiang Blockchain continue to collaborate on blockchain solutions for finance. With this project we are excited to expand the use of blockchain to solve challenges in trade finance.”

HashKey Group and Wanxiang Blockchain are building blockchain-based supply chain finance solutions. Earlier in 2020, HashKey also won a blockchain-based trade data project awarded by the Infocomm Media Development Authority (IMDA) in Singapore. The core of that project is integrating IMDA’s open, interoperability-focused TradeTrust blockchain document notarization framework into the team’s trade and supply chain finance platforms.

ukgc:-have-your-say-on-tougher-rules-for-identifying-and-tackling-gambling-harm-–-including-customer-affordability

UKGC: Have your say on tougher rules for identifying and tackling gambling harm – including customer affordability

November 4, 2020 Published by
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The Gambling Commission is calling for views from the industry, consumers and other stakeholders on stronger requirements on online operators to identify consumers who may be at risk of gambling harm and to then interact and take action to prevent those harms.

Launched yesterday, the consultation calls for feedback from a range of stakeholders on proposals that strengthen the expectations on gambling businesses to act on information they have about a consumer’s vulnerability and to conduct assessments of whether the customer’s gambling is affordable at thresholds set by the Commission.

It is also calling for evidence on what the thresholds for these affordability checks should be and the nature of those checks.

Tim Miller, executive director, said: “Whilst some operators have continued to improve their customer interaction processes, our evidence shows that many online operators are not setting thresholds for action at appropriate levels. They are not taking the appropriate action or acting quickly enough when they do identify risks of potential harm.

“We are clear on the need for gambling companies to take further action and that the Commission must set firm requirements to set consistent standards. But we want to have an open discussion with the gambling industry, consumers, people with lived experience and other stakeholders, to ensure we strike the right balance between allowing consumer freedom and ensuring that there are protections in place to prevent gambling harm.”

 

unest-launches-investment-account-for-parents-and-kids,-offering-significant-advantages-over-529-plans

UNest Launches Investment Account for Parents and Kids, Offering Significant Advantages Over 529 Plans

November 4, 2020 Published by

 

UNest, the first-of-its-kind mobile app that helps parents invest in their children’s future financial wellness, announced the launch of UNest Investment Account, a tax-advantaged custodial account that enables parents to save for more than just their child’s education. In addition to funding college and other educational expenses for their children, parents can use the UNest Investment Account to plan for and cover the cost of goals and milestones such as buying a first car, house, or a wedding.

UNest is the first and only savings and investment app to offer multiple types of saving plans to meet the preferences and priorities of parents when planning for their children’s future. The UNest Investment Account combines age-based saving plans, free planning tools, and advice and advocacy resources from financial advisers. The UNest Investment Account offers five investment portfolio options depending on the age of the child, the family’s unique situation, and their investment profile. Unlike traditional 529 accounts, there are no penalties on early withdrawals from UNest Investment Accounts. Parents can set up their UNest Investment Account in five minutes or less through UNest’s award-winning app.

Traditionally, parents across the income spectrum have had to parse through the multitude of complicated 529 plans offered by each state and by financial institutions to identify the best college savings approach for their children. In addition to complex application processes, 529 plans are often saddled with hidden fees, and subject families to heavy financial penalties when funds are not used for college. Many families are also forced into a savings silo with 529s that fails to reflect their future needs since 529s can only be used for education expenses.

An additional benefit of the UNest Investment Account for Kids is that there is no attachment to the parent’s home state. With 529s, parents often wrongly assume that they can only use the plan offered by their home state. This results in parents often selecting a 529 plan that performs poorly, or is misaligned with their family goals. Once they select a 529 plan, parents then typically have to complete an arduous, paper-based application process. These problems are more acute for lower- and mid-income families that cannot call on financial planners to help navigate to the right solution.

“Our decision to offer The UNest Investment Account for Kids was born out of feedback from our rapidly-growing community of UNest families,” said Ksenia Yudina, CEO and Founder of UNest. “Our users often asked us what would happen if their kids do not go to college, or they receive full-ride scholarships or financial aid. Especially during a pandemic, when a lot of education has shifted online and families are worried that the cost of tuition is simply unsustainable, the new type of account with tax advantages and greater flexibility presented an excellent balance for parents.”

The launch of the UNest Investment Account is particularly timely with the pandemic leading to many families evaluating and refining their future financial goals. This, plus the fact that parents are increasingly concerned about tuition costs, means that flexibility in how funds are used, and avoidance of potentially costly penalties from early withdrawals, are critical requirements.

The UNest Investment Account will join UNest’s existing 529 solution as part of its product portfolio. UNest has eliminated many of the issues parents faced when selecting and applying for a 529 including dramatically reducing the time and effort required to establish and manage a 529 plan. By offering both 529 plans and the UNest Investment Account, parents of all income levels and backgrounds will have access to a solution that meets both their short and long-term needs. UNest develops investment portfolios using Vanguard funds that are recognized for offering the lowest fees in the industry.

isoftbet-delivers-dazzling-display-with-seventh-megaways-game-of-2020

iSoftBet delivers dazzling display with seventh Megaways™ game of 2020

November 4, 2020 Published by
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Classic fruity theme combines with fan-favourite mechanic and innovative Mystery Symbols to produce sparkling wins in Shining King Megaways

iSoftBet, the leading online games supplier and content aggregator, has released Shining King Megaways, its seventh title of 2020 to feature the game changing Megaways mechanic.

Shining King is the latest iSoftBet Megaways collaboration where every win triggers cascading symbols and, with up to seven symbols possible on each reel, players can win up to a massive 117,649 ways.

Shining King also features a trademark iSoftbet twist. Players must look out for question marks which act as mystery symbols. If they randomly land on any spin, they could claim even more brilliant bounty with all in view turning into the same symbol to help trigger extra wins.

The classic fruity theme is packed full of legendary Megaways features including a frenzy of free spins and masses of multipliers.

Four or more crown bonus symbols in view trigger 12 free spins, with each additional crown adding an extra five spins, up to a maximum of 27, with retriggers also possible. During free spins an unlimited win multiplier, starting at x1 and increasing by one for every cascading win is in play and can reach lofty levels to help produce wins of truly epic proportions.

Shining King Megaways joins the latest game Phantasmic Fortunes in iSoftBet’s impressive slots portfolio, alongside top performing Gold Digger and Western Gold Megaways which both contain the supplier’s top performing Hold & Win feature.

Last week iSoftBet received the prestigious Compliance Outstanding Achievement Award at the Vixio Global Regulatory Awards with the supplier’s compliance team at the forefront of managing a raft of changes to existing legislation in markets such as the UK, and finalising certification in Sweden, Switzerland, Malta, Colombia, Bulgaria and Germany. iSoftBet is currently active in 19 regulated markets across the globe.

Mark Claxton, Head of Games at iSoftBet, said: “Shining King Megaways takes a classic theme, adds the highly engaging Megaways mechanic and iSoftBet’s innovative features to create a completely unique gaming experience. The Megaways iSoftBet collaboration has produced some stunning results this year, and we have plenty more planned in 2021 so watch this space!”

automotive-interior-market-worth-$153.8-billion-by-2025-–-exclusive-report-by-marketsandmarkets

Automotive Interior Market worth $153.8 billion by 2025 – Exclusive Report by MarketsandMarkets™

November 4, 2020 Published by

According to the new market research report “Automotive Interior Market by Component (Seat, Interior Lighting), Material (Glass Composite, Carbon Composite, Metal, Vinyl, Fabric), Autonomous Driving (Semi-autonomous, Autonomous), Electric Vehicle, Vehicle Type and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Automotive Interior Market is projected to reach USD 153.8 billion by 2025 from USD 123.2 billion in 2020, at a CAGR of 8.8% during the forecast period.

Technological advancements in current generation automotive interior components and the increasing trend of connected and autonomous vehicles are further expected to drive the Automotive Interior Market. Overall, the changing preferences of buyers, improved standards of living, and focus of OEMs to provide comfort and convenience are also expected to drive the growth of the Automotive Interior Market.

Browse in-depth TOC on “Automotive Interior Market”

308 – Tables
66 – Figures
294 – Pages

The COVID-19 pandemic has resulted in halted production and plunging sales and has forced the key players in the global automotive field to rethink their strategies. Rescheduling the launch of models and projects, stabilizing dealer networks, managing cash carefully, and reviewing investment portfolios have affected the production and sales of passenger and commercial vehicles across the globe, which has resulted in a dip in the Automotive Interior Market in 2020 as compared to 2019. The development and implementation of safety features are expected to slow down as well.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10199544

HUD segment, by component, is estimated to be the fastest-growing Automotive Interior Market during the forecast period.

The head-up display (HUD) is a device that displays information about the vehicle and the external environment in the driver’s field of view. It reduces driver distraction and helps the driver to concentrate on the road. The HUD has become a key advanced driver assistance system. The increasing demand for comfort and safety functions has encouraged auto manufacturers to invest in advanced in-vehicle safety functions. The increasing demand for safety functions is encouraging vehicle manufacturers to develop features for mid-segment and economy segment vehicles too. The HUD market growth can be attributed to the high luxury vehicle production capabilities coupled with high demand for luxury and convenience features.

Passenger car segment, by vehicle type, is estimated to be the fastest-growing market during the forecast period.

Due to the higher production of passenger cars than other vehicle segments, the passenger car segment is projected to have the largest share of the Automotive Interior Market during the forecast period. Passenger vehicles require high-quality interiors as compared to LCVs and HCVs due to end-user demand. The amount of money spent on quality, comfort, and styling of automotive interiors is much higher in the case of personal use than commercial use. Also, the increased disposable income in developing countries is driving the growth of the Automotive Interior Market for passenger vehicles. Passenger vehicles are the most focused segment for automotive interior manufacturers. The technologies used in this type of vehicle are frequently changing due to the high demand from consumers for luxury and convenience features. Also, government regulations for emissions and safety for passenger vehicles are frequently changing. The manufacturers must reduce the weight of passenger vehicles and offer comfort and safety at a lower price. Due to the increasing demand for autonomous and electric vehicles, the electronic content is frequently increasing in passenger vehicle interiors, which, in turn, is driving the growth of the passenger car interior market.

Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=10199544

Asia Pacific is estimated to be the fastest-growing market for automotive interior in 2020

Asia Pacific is projected to be the fastest-growing market for automotive interiors. Leading automakers in this region, such as Toyota, Honda, and Hyundai, are embracing the advantages of advanced seating systems, lighting, electronics, and various safety systems, making them essential features across their car models. Major countries in this region, such as China, Japan, India, and South Korea, are anticipated to witness the rapid adoption of new technologies. China, due to its high vehicle production capacity, is expected to significantly contribute to the market growth in Asia Pacific. Increasing demand for a safe, efficient, and convenient driving experience; rising disposable income in emerging economies; and stringent safety regulations across the region are also expected to contribute to market growth.

The Automotive Interior Market is dominated by globally established players such as Continental AG (Germany), Faurecia SA (France), Grupo Antolin (Spain), Marelli (Japan), and Magna International Inc. (Canada), Adient (US), Toyota Boshoku (Japan), Visteon (US), Dräxlmaier Group (Germany), Panasonic Corporation (Japan), and Yanfeng Automotive Interiors (China), among others.

Browse Related Reports:

Automotive Lighting Market for ICE & EV by Technology (Halogen, LED, Xenon/HID), Position & Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting and Region – Global Forecast to 2025

Automotive Seats Market by Type & Technology (Heated-Powered, Heated-Ventilated, Heated-Memory, Heated-Ventilated-Memory, Heated-Ventilated-Memory-Massage), Trim & Frame Material, Component, Vehicle (ICE, Electric,OHV) and Region – Global Forecast to 2025

xinhua-silk-road:-digital-vitality-and-beautiful-city-forum-held-in-nw.-china’s-xi’an-on-sunday

Xinhua Silk Road: Digital Vitality and Beautiful City Forum Held in NW. China’s Xi’an on Sunday

November 4, 2020 Published by

 

A forum themed on “Digital Vitality and Beautiful City” was held in Xi’an, the capital city of northwest China’s Shaanxi Province on Sunday.

The forum, held during the 2020 4th Global Programmers’ Festival, invited experts and enterprise representatives to conduct in-depth discussions on topics such as smart city technology trends, international cooperation, and digital empowerment of traditional industry transformation and upgrading.

According to Shan Zhiguang, director of the Informationization and Industrial Development Department of the State Information Center, urban development driven by multiple elements of digital technology will continue to advance toward the goal of being more humane, intelligent and convenient.

Blockchain has gradually entered all walks of life and will support the development of smart cities, said Wei Kai, deputy director of Could Computing & Big Data Research Institute with the China Academy of Information and Communications Technology (CAICT).

As for the international cooperation on smart cities, Mushahid Hussain Sayed, Senator of the Parliament of Pakistan and member of the Research and Development International (RDI) Expert Committee, said that the cooperation between China and Pakistan in smart cities focuses on creating the clean and green environment, using facial recognition software to ensure the safety of the city, as well as special applications related to health, population and tracking of epidemics.

Councilor Anwar Adams, President of the Democratic Independent Party of South Africa, believed that the cooperation between China and South Africa in the core technology research and development and standard application promotion of smart digital cities will be further strengthened in the future.

The digital empowerment for industry transformation had also been a hot topic.

In recent years, Shaanxi Blower (Group) Co., Ltd., one of the blower manufacturers in China, has made efforts in intelligent digital transformation through institutional reforms, intelligent manufacturing and capital finance, promoting the company to become a world-class smart green energy enterprise, according to Jia Yani, deputy general manager and chief engineer of the company.

Facing the new market structure, the liquor industry should explore new marketing channels and gradually establish an organic interaction between distributors and the market to promote the development of e-commerce system driven by service and create a wine industry communication platform, said Gao Hongtao, deputy general manager of Shaanxi Xifeng Liquor Co., Ltd.

haval-becomes-partner-of-epic-league-season-2

Haval becomes partner of EPIC League Season 2

November 4, 2020 Published by
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Haval continues to expand its presence in esports and becomes an exclusive automotive partner of the stream of EPIC League Season 2.

Matches of Epic Esports Events’ EPIC League will be held in two divisions in the Europe/CIS region from October 29 to December 13. The prize pool of the first division is $500 000, and $50 000 is planned for the second one. First division participants are Virtus.pro, NAVI, Alliance, Team Liquid, Nigma, Vikin.gg, OG и Secret.

Jerome Saigot, CEO of “Haval Motor Rus”: “We continue our journey in the esports world, presenting high-tech and intelligent crossovers to an active and modern audience of players and fans. We share the aspiration for new and non-standard solutions: an innovative approach is at the core of Haval brand. We hope that exciting games and memorable victories await us in the upcoming tournament”.

Sergey Barkhudarian, commercial director of ESforce Holding: “We are delighted to see Haval among our partners at the new Epic Esports Events tournament again. The brand burst onto the esports scene brightly and already managed to win many esports fans’ hearts in different disciplines. Advanced esports audience is interested in the technological automotive innovations of Haval. EPIC League will be the largest and the most interesting tournament to conclude the esports year in Dota 2. We are confident that Haval activations will make it even brighter, more technological and stronger for our audience”.

calgary-fintech-firm-lendingarch-named-4th-fastest-growing-startup-in-canada-for-2020-by-canadian-business-journal-and-maclean’s-magazine-as-the-annual-list-of-canada’s-fastest-growing-companies-is-unveiled

Calgary FinTech Firm LendingArch Named 4th Fastest Growing Startup in Canada for 2020 by Canadian Business Journal and MacLean’s Magazine as the Annual list of Canada’s Fastest-Growing Companies is Unveiled

November 4, 2020 Published by

 

Canadian Business has ranked LendingArch No. 4 (Four) on the annual Startup List, the definitive ranking of Canada’s Top New Growth Companies.

Produced by Canada’s premier business and current affairs media brands, the Startup List ranks Canadian businesses on two-year revenue growth. Startup List winners are profiled in a special print issue of Canadian Business published with Maclean’s magazine and online at CanadianBusiness.com and GrowthList.ca.

LendingArch made the 2020 Startup List with two-year revenue growth of 6633%.

“The companies on the 2020 Startup List are exceptional. Their stories are a masterclass in how to survive when the economy throws a curveball. Despite turbulence, the 2020 Growth List and Startup List companies showed resilience, spirit and, most importantly, empathy and strong leadership,” says Susan Grimbly, Growth List Editor. “It’s encouraging to see that the heart of Canada’s entrepreneurial community beats strong, even in tough times.

LendingArch, the nation’s leading online financial marketplace gives Canadians the ability to compare rates and shop for loans from over 400 trusted partners. LendingArch provides Auto loans, Personal loans, Insurance and Credit Card comparison services through their platform www.lendingarch.ca. “We are very happy to be named the 4th fastest growing startup in Canada“. Says Paul Hadzoglou, the company’s President. “We will continue to strive to make LendingArch a household name within Canada for various categories of loans and continue to provide premier customer service to all of our highly valued customers within Canada“. Says Mr. Hadzoglou.

Arti Modi, one of the company’s Founders who oversees Business Development relationships within the Company’s marketing division and leads a robust Marketing team within LendingArch. “We have seen spectacular growth within the marketplace for Auto loans in Canada and look forward to showing Canadians our solutions for other categories of Loans such as Personal loans and Guarantor loans as we expand our footprint within those sectors by end of Q4 2020″, says Arti. “We are thrilled to be recognized as the fourth (4th) fastest growing company in Canada and would like to thank all of our valued customers in Canada for trusting in our brand to provide them the solution they are looking for” Says Modi.

Since 2015, LendingArch has seen over 280,000 Canadians apply through their platform for a loan, and currently attracts over 15,000 applications per month. LendingArch has been nominated for and has won multiple awards for growth and innovation within the Fintech Sector and is a significant brand and leader in the online lending and rate comparison category within Canada.

indian-gaming-league-(igl),-announces-the-igl-invitational-championship-reloaded-2.0,-a-call-of-duty-mobile-multiplayer-tournament

Indian Gaming League (IGL), announces the IGL Invitational Championship Reloaded 2.0, a Call of Duty Mobile Multiplayer Tournament

November 4, 2020 Published by
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After the successful conclusion of the inaugural season of IGL Invitational Championship, Indian Gaming League(IGL), the fastest growing Esports platform is proud to announce the IGL Invitational Championship Reloaded 2.0. The upcoming Call of Duty Mobile Multiplayer Tournament will be a 16-team tournament wherein the top 13 teams of India have been invited by IGL including the newly crowned regional world champions, Team Mayhem.

Along with the top 13 T1 teams, three more teams will stand a chance to get an invite for the tournament. The selection of these teams is strictly based on their performance in the upcoming Qualifiers or in the events hosted during the past month on IGL.

The second season of the Invitational Championship is scheduled to kick-off on 11th November and the final of the tournament will be hosted on 13th November 2020. The qualifier for the same is scheduled to commence on 6th November and the top 2 teams will be awarded a prize pool of 2.5k INR along with an entry into one of the biggest Call of Duty Mobile Tournaments in India.

Both the tournaments will be streamed on IGL’s official YouTube Channel: IGL- Indian Gaming League. Highlights of the tournament can be viewed on IGLTV. The registration for the qualifiers has now started on IGL. To participate, register at www.iglnetwork.com or download our app on your android or iOS devices

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