- New series A investments in mobile bill payment platform in Indonesia and digital mortgage broker in the Netherlands
- Finch Capital formerly was operating under the brand Orange Growth Capital. The new brand name reflects the firm’s global financial technology focus - Key geographical markets for investment are Europe and South East Asia AMSTERDAM & LONDON & JAKARTA, Indonesia, Nov 29 (Bernama-BUSINESS WIRE) -- Today Finch Capital, financial technology venture capital firm, announced that it has led the Series A investments for two companies: an investment in Ayopop, an Indonesian mobile bill payment platform and a €2 million investment in Ikbenfrits, a digital mortgage broker based in the Netherlands. Finch Capital will join both companies’ boards. From its offices in Amsterdam, London and Singapore, Finch Capital invests in innovative technology companies that are driving the transformation of the financial services industry. Its portfolio companies are solving problems associated with legacy financial services systems and innovating to increase revenue, reduce costs and improving customer interactions. Radboud Vlaar, Partner at Finch Capital said: “We are the only fintech VC to focus on start ups in both Europe and South East Asia and are seeing significant innovation in these markets. In Europe, financial services represents 30% of GDP: it is well established but ripe for innovation. By contrast, in South East Asia, the opportunity lies in the new technologies that are, for the first time, providing financial services to a large underserved market. We are specifically interested in Indonesia as it is predicted to be the world’s 4th largest economy by 20501. These market dynamics provide exciting investment opportunities for us.” Hans de Back, Partner at Finch Capital commented on Finch Capital’s Indonesian investment: “Ayopop’s platform gives consumers an efficient way of making bill payments and illustrates how customers are using new avenues to achieve this. We were impressed with Ayopop’s growth, execution and product development. Ayopop has become a one-stop payments solution for Indonesian consumers that takes care of a variety of their needs. We look forward to working with the team during the next growth phase.” Radboud Vlaar comments on Finch Capital’s investment in Ikbenfrits: “Since its inception in 2015, Ikbenfrits has brought significant efficiencies to the proptech industry, by targeting the refinance mortgage niche. Although the Netherlands is the second largest mortgage market in Europe, it has until now been fragmented and difficult to navigate. We are thrilled to work closely with the Ikbenfrits team, who in a short time have gained the largest on-line market share in this region, proving the company’s utility and potential to scale.”
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New York, NY, Nov 29 (Bernama-GLOBE NEWSWIRE) -- As blockchain and cryptocurrency companies continue to raise millions of dollars in funding, there’s an urgent need in the market for companies and investors to be able to better manage its cryptocurrency assets with hedging products and tools. Olympus Labs believes that by offering financial tools and protocol, crypto- based companies and investors will be able to have more control by protecting their downside risk in an otherwise extremely volatile market.
“Olympus Labs is an integrator of cryptocurrency-based financial products (e.g., indices, ETFs, options, futures, etc.). Olympus, third-party financial product developers, and Fintech applications build the products which include but are not limited to exchanges, market analytics tools, payment services, etc. (e.g., Kyber, Shapeshift, Sentiment),” explains Kai Chen, CEO of Olympus Labs. On November 27, 2017 due to the high demand from outside investors Olympus Labs opened its doors for its Pre-ICO token sale. The Olympus product is viable and has huge long-term potential. As for competition, it fills an evidently empty space in the cryptocurrency market, practically guaranteeing that Olympus’ offerings will be used—and that this usage will generate profits. Olympus’s mission is to “define the protocol for crypto-based derivatives,” and it seems clear that these products will help mature the market beyond the current spot market. The first of Olympus’s products will allow one to borrow and lend bitcoin. Cryptocurrency index funds will be the second Olympus product to hit the market. These index funds will allow investors to buy into multiple cryptocurrencies at once, with profits moving with the market as a whole instead of with individual spot cryptocurrencies. Through customizable fintech-focused smart contracts, exchanges will be able to quickly and easily make their own indices which track the overall trend of cryptocurrencies traded on that exchange. To Participate in the Pre-ICO The Olympus Labs Token Sale started at 8 pm (GMT+8/UTC 12pm), 27 November 2017, and ends at 8pm (GMT+8/UTC 12 pm), 3 December 2017.Olympus Presale terms: Investors contributing more than 100 ETH, will get 10% bonus (1 ETH = 677 Olympus tokens). This will take place after ICO, and those who passed the KYC process, will be issued MOT, the rest who failed in KYC, will be refunded with ETH. For additional information and terms of the sale please visit the Olympus Labs website. During the registration period (27 November 2017 to 3 December 2017), please visit https://kyc.olympuslabs.io/. Note: Information regarding the token sale will ONLY be disseminated on our official communication channels: our official website and our official telegram group. About OLYMPUS LABS Olympus is led by a cohesive team with extensive expertise in both the traditional financial markets and blockchain technology. Olympus Founder and CEO Kai Chen started his career on Wall Street with Morgan Stanley, and he later went on to work for McKinsey and PIMCO. Our development team includes Google’s former development community lead for China. On the business side, we have Danielle Sabrina, a highly sought-after marketing expert and veteran of several successful ICOs, and has helped her clients achieve prestigious awards such as Inc 500, Forbes Next Billion Dollar Startup, Entrepreneur 360 among other top level recognition. Danielle’s work has also been featured in Huffington Post and Entrepreneur. Olympus also has a strong advising board made up of former executives at Morgan Stanley and McKinsey. OLYMPUS LABS Social Media For more information about Olympus Labs and the launch of the pre-ICO, please visit https://olympuslabs.io/web; on Twitter @olympuslabsbc and Telegram at https://t.me/olympuslabs. ### Attachments: A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a88937da-05db-437e-92f0-07cc02b4dd8f Danielle Sabrina Olympus Labs [email protected] Sharde' Brown What Vibes Your Tribe [email protected] SOURCE : Olympus Labs TOKYO, Nov 29 (Bernama-BUSINESS WIRE) -- Toshiba Memory Corporation, the world leader in memory solutions, has today started sampling Universal Flash Storage (UFS) devices[1] utilizing Toshiba Memory Corporation’s cutting-edge 64-layer, BiCS FLASH™ 3D flash memory. [2] The new UFS devices meet performance demands for applications that require high-speed read/write performance and low power consumption, including mobile devices such as smartphones and tablets, and augmented and virtual reality systems.
The new line-up will be available in four capacities: 32GB, 64GB, 128GB and 256GB. [3] All of the devices integrate flash memory and a controller in a single, JEDEC-standard 11.5 x 13mm package. The controller performs error correction, wear leveling, logical-to-physical address translation and bad-block management, allowing users to simplify system development. http://mrem.bernama.com/viewsm.php?idm=30667 NEW YORK, Nov 28 (Bernama-GLOBE NEWSWIRE) -- BNP Paribas announces a new joint initiative between its Corporate and Institutional Banking (CIB) and Bank of the West Commercial Banking Group (CBG) to offer Mergers and Acquisitions (M&A) services to Bank of the West commercial clients.
http://mrem.bernama.com/viewsm.php?idm=30657 WITH OWLNEST BLOCKCHAIN HOTEL MANAGEMENT SERVICE, OWLTING TARGETS 30,000 HOSPITALITY CLIENTS BY 201924/11/2017 NEW YORK, Nov 23 (Bernama-GLOBE NEWSWIRE) -- The global travel & tourism industry is a US$7.6 trillion market, roughly 10% of the world's GDP. Global brands and local hotel owners are facing fierce competition in the internet era. Over decades, hotels need to manage their own booking reservations from many channels and spend long hours sorting out the room availability and customer schedules. OwlTing, a Taiwanese technology company focusing on blockchain & e-commerce, is launching “OwlNest Blockchain Hotel Management Service,” an integrated lodging management platform to help hotels worldwide improve brand awareness and customer satisfaction.
Global Tourism Continues to Grow and Challenge the Hotel Booking Systems With the rise of various online travel agencies (OTA), hotels must be able to strike a balance between pricing for visibility on major OTA channels and pricing for profitability on their own websites. Hotels also need to better understand their returning customers and adjust marketing strategy more proactively, which incumbent technology solutions cannot fulfill. OwlTing is answering this need by leveraging innovations in global blockchain communities. By subscribing to OwlNest, hotels can reduce operating costs and improve customer experience and profitabliy via a cloud-based, integrated platform. Integrated Hotel Management System built on OwlNest Blockchain Service OwlTing’s product suite covers mobile e-commerce, local travel experiences and blockchain services. “OwlTing’s deep engineering experiences enable us to provide innovative blockchain solutions for the global hospitality industry,” said Darren Wang, founder and CEO of OwlTing. “With the launch of OwlNest, our team, already working with hotels and hostels in the United States, Taiwan, Japan, Malaysia, will bring OwlNest to over 30,000 hotel by 2019. We expect the advanced blockchain technology behind OwlNest to create huge value for hotels and travelers by solving critical pain points. We are excited to offer the world a really awesome choice.” OwlNest is the world’s first all-in-one Ethereum-based hotel management service with Booking Engine and Property Management System(PMS). Smart contracts in Ethereum allow flexible inventory management and efficient booking transactions, with enhanced customer privacy and transaction security, thanks to blockchain. Staffing costs can be greatly reduced by integrating hotel management systems (Booking Engine, PMS and Channel Manager) on a shared ledger, while consolidating orders from official hotel portals, OTAs or other distribution channels. OwlNest blockchain services also allow hotels to design customized pricing packages, identify returning customers, collect customer preferences and automatically adjust promotion campaigns by seasonality and customer behavior more easily. OwlNest’s scalable design also enables hotels to earn more revenue by adding on-premise services, local experiences and other travel partners to an integrated dashboard, providing an one-stop shopping experience on their own portals (Booking Engine). OwlNest also supports multiple payment gateways such as credit card, PayPal, WeChat, Alipay, Apple Pay, Bitcoin and other blockchain-based payment services in the future. Hotels and hoteliers will be able to take full advantage of the online PMS and Booking Engine just like the Amazon Web Services (AWS) for small businesses, anytime, anywhere. Taiwan as an Innovation Island for the Global Blockchain Industry “OwlTing is an important strategic investment in our investment portfolio,” said Thomas Hu, founder and CEO of Kyber Capital. “Builidng a sustainable business model by solving real problems is the central issue facing the global blockchain industry. OwlTing has set a new commercial benchmark to which all aspiring blockchain entrepreneurs should be measured. We are proud to say that once again, our portfolio company has demonstrated the strength and potential of Taiwan in the field of blockchain.” mrem.bernama.com/viewsm.php?idm=30636 LACHEN, Switzerland, Nov 21 (Bernama-BUSINESS WIRE) -- 2017: Octapharma is pleased to announce the completion of a charitable donation of 30.5 million international units of its human cell-line derived recombinant factor VIII product, Nuwiq®, in collaboration with Project SHARE, North Andover, Massachusetts (USA).
This press release features multimedia. View the full release here: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=51718944&lang=en Up to 75% of the world's estimated 400,000 people with haemophilia have little or no access to treatment that resolves life- and limb-threatening bleeds, and enables surgery and rehabilitation. A humanitarian program, Project SHARE facilitates the donation of blood-clotting factor products for the treatment of people with haemophilia in need of factor replacement therapy in countries where these medicines are scarce or still unavailable. Over the last nine months, donations of Nuwiq® have been reaching seriously ill people in need in 16 countries: Armenia, Bahamas, Bangladesh, Barbados, Cambodia, Egypt, Ethiopia, Fiji, Kenya, Honduras, Myanmar, Nepal, Nicaragua, Philippines, Romania and Venezuela. mrem.bernama.com/viewsm.php?idm=30612 SINGAPORE, Nov 21 (Bernama-BUSINESS WIRE) -- TMD Security announced today the release of its Security Management Software portfolio that includes Security Kit Monitoring, Profile Management, Access Management and ATM Fraud Detection.
Security Kit Monitoring gives an instant ‘one-look’ dashboard view of the status of the security kits on the network, with alerts via email, SMS or mobile app, ensuring that each ATM is protected and that service calls are productive, reducing costs and maximising cardholder convenience. Security Kit Monitoring works with Gas Defence Kit’s ‘spark’ technology to safely ignite any gas the criminal inserts into the ATM , preventing an explosion, and alerts of any attacks. Note Staining Kit+ protects against explosive attacks by using ink to neutralise the value of the notes and ‘spoil the prize’. Unlike other note staining systems that are destroyed by the explosion before they have time to activate the ink, Note Staining Kit+ uses patented shockwave technology that instantly ruptures the ink canisters and stains the notes on explosive impact. Additional security features stain the notes if there are traditional physical attacks using grinders or thermal tools, and Security Kit Monitoring generates an alert. Profile Management protects against malware and black box attacks by comparing the software and hardware on the ATM with the defined correct versions stored centrally and alerts if changes are made. Access Management ensures that only authorised users have access to the ATM via USB or Windows and defends against malware. ATM Fraud Detection alerts if suspicious transactions occur at the ATM by comparing pre-defined business rules with actual transactions and the ATM can either be shut down or the card can be blocked. ‘ATM crime trends, including deep insert skimming and explosive attacks, are unfortunately spreading fast in Asia Pacific,’ said Mike van der Wal, MD APAC, TMD Security. ‘We are committed to help ATM deployers be prepared and take their security defences to the next level.’ mrem.bernama.com/viewsm.php?idm=30609 TELSTRA AND SIGMA SYSTEMS TO PRESENT CATALOG-DRIVEN DYNAMIC OFFER CREATION AT TM FORUM LIVE! ASIA21/11/2017 TORONTO, Nov 21 (Bernama-BUSINESS WIRE) -- Sigma Systems, the global leader in catalog-driven software, announced today that it will be presenting at TM Forum Live! Asia in partnership with Telstra, Australia’s leading telecommunications and technology company.
Sigma’s Chief Technology Officer (CTO), Catherine Michel, will be on stage with Telstra's Chief Technology Officer (Customer), Dr. Fawad Nazir, to discuss why traditional service providers must adopt a “digital native” mindset and the corresponding operational agility to thrive in a digital economy. The ability to create and launch new offers in minutes, rather than months, and rapidly enable new business models is critical to an operator’s success. “Sigma Catalog creates the ability to sell through and then orchestrate the fulfillment of an order from different channels into the full B/OSS stack and across various delivery networks. The product’s Offer Canvas capability allows businesses to ‘componentize’ whatever types of service capability it offers into entities that are immediately operational in their systems and networks,” says Catherine Michel, Sigma Systems CTO. The presentation will take place on Wednesday December 6, 2017 at 2:25pm. To learn more about Sigma’s presence at TM Forum Live! Asia, please click here. mrem.bernama.com/viewsm.php?idm=30615 SHENZHEN, China, Nov 20 (Bernama-BUSINESS WIRE) -- The 19th China Hi-Tech Fair (CHTF 2017), with the theme of “Innovation-Driven Development and Supply Quality Upgrade”, is taking place from November 16 to 21 at Shenzhen Convention and Exhibition Center. On the afternoon of November 10, the CHTF 2017 Top 10 Products were unveiled at the awards ceremony by Mr. Gao Zimin, Vice Mayor of Shenzhen City. A total of 322 entries competed for the honor Top 10 Products, and the voting lasted nearly 3 months. 60 candidate products in the fields of new energy, 3D print, flexible display, life sciences, unmanned vehicles and AI were shortlisted by the organizer, experts and media representatives and went for open voting online. The final Top 10 Products all represent the most advanced technologies in their respective sectors: the water-making device that can make water out of air, the smart sportswear that can monitor heartbeat and other health data, the 3D bio-printer that can print a functioning ovary, the clean energy air-conditioning station, the smart security system for kids, the 6.01-inch full screen, the flexible fast-charge battery, the 3-G gene sequencer, the automatic pilot level 4 solution, and anti-haze window screen. Also unveiled at the ceremony were the “Top 8 Eye-Catching Products” which represent the taste of the public. Winners included the 3D motion-activated camera and the unmanned surface patrol vehicle. As a warmup activity before CHTF 2017’s official kick-off, Top 10 Products gained much public attention for the fair. See you at CHTF 2017! KUALA LUMPUR, Nov 17 (Bernama) -- The Asian Institute of Chartered Bankers (AICB) and the ACI-Financial Markets Association of Malaysia (ACI-FMAM) launched the newly enhanced Pasaran Kewangan Malaysia Certificate, a professional requirement for dealers and brokers employed in licensed financial institutions and money broking firms.
In a statement today, AICB said the certification aimed to ensure the Malaysian financial markets have competent and proficient practitioners with the highest standards of professionalism and integrity to grow the industry. The certification covers a variety of essential topics related to the Regulatory Framework and Structure of the Malaysian financial markets, money market, foreign exchange market, risk management and basic derivatives. AICB Chief Executive Officer, Prasad Padmanaban, said the certificate would contribute to raise the bar for professional standards and enhance the skills of the dealers and traders. “The enhanced certificate reflects our commitment to ensure that the qualification remains current and is aligned with the growing changes in the financial markets landscape. “Furthermore, with the introduction of the additional learning support introduced for the enhanced certification, we hope to provide candidates with a greater learning experience and assure a sustainable supply of qualified and skilled talent for the future,” he said. AICB said the number of graduates for this certification has steadily increased to 2,062. -- BERNAMA |
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