Mux Miner has announced that it is currently working on a project to create Software-Particular Built-in Circuit (ASIC) devices that are powered by unique technology. This technology would allow those new to cryptocurrency mining to work more freely. They will be able to discover this activity thanks to pre-established hash functions.

New series, new goals

The new Mux series from the manufacturer Mux Miner offers multiple advantages. The accessories that make it up have a high hash rate of 1620 TH / s. This rate corresponds to an electrical consumption of 1600W ± 7%. Furthermore, the microstructure of the integrated circuits is already configured to guarantee good optimization to users.

According to Nancy Smith, Mux Miner's lead blockchain engineer: "Mux Miner received much satisfaction from our first testers. Mux Miner always hopes to reduce issues with mining cryptocurrency, cost of operation, and optimize the calculation of functions for newbies and old users. This way, the hash rate will grow faster."

The advantages of the system developed by Mux Miner

The benefit of the Mux Miner Enhance Energy Saver system is that each machine will have a cooling system, 7 nanometer chip, noise reduction mechanism and regulated operational humidity with PSU and wireless network connection (Wi- Fi) / Ethernet.

The algorithm linked to the system contains globally recognized software and hardware technologies to allow users to mine Bitcoin (BTC), Litecoin (LTC), Monero (XMR), Ethereum (ETH) and several other cryptocurrencies in a short delay.

Mux Miner, a company with experienced teams

Mux Miner is a chip design and production company headquartered in Vancouver, Canada. It has several teams that have in-depth knowledge of blockchain and technology design.

The company is present on three continents and offers crypto wallet development services and graphics processing units. The company specializes in the field of blockchain development and cryptocurrency mining solutions.

Mux Miner is a company that has a lot of experience in the blockchain industry. It is thanks to this experience that it has been validated by companies such as Kraken, ASG Expertise and FIS. By putting its experience to good use again, Mux Miner is developing new solutions for cryptocurrency users.

integrated with an ai powered chatbot, the updated version of the application enables consumers to avail gold loan, home loan, personal loan and vehicle loan 24*7 at their own convenience muthoot finance, india’s largest gold loan nbfc has launched imuthoot mobile app version 3.0 which is integrated with an artificial intelligence based chatbot. this ‘one app for all loan application’ offers the facility to customers to apply for gold loan, home loan, personal loan & vehicle loan, from the comfort of their own homes. this enhanced version of the mobile application is a stepping stone to provide an enriched omnichannel experience to our customers. the users of the imuthoot mobile app are offered a significant convenience of interoperability of all their digital transactions without having to visit the branch. customers can also avail a large array of features including: · repayment of gold loans, home loan, personal loan, vehicle loan · gold loan top-up and renewal without stepping out of home · making quick payments without any registration · assured security with biometric authentication methods · intuitive loan calculator · easy link up of bank account & pan · booking an appointment · payment of utility bills · buying insurance & purchasing zero interest products online · locate and leads you to nearest muthoot branch · personalised notifications and get information in your own preferred language speaking about the launch of imuthoot mobile app 3.0, mr. george alexander muthoot, managing director, muthoot finance  said, “as a leader in the gold loan nbfc sector in the country, we have always believed to be in tandem with technological innovations in order to provide seamless customer service. we aim to be a diversified financial supermarket offering varied financial services apart from gold loans and become a customer-centric business organisation enabled by technology in the long term. we are excited to launch our updated imuthoot mobile app 3.0, which we believe is a step forward to provide an enriched omnichannel customer experience. the app is integrated with an ai powered chatbot ‘mattu’ and it is a one stop shop for consumers to avail and repay gold loan, home loan, personal loan and vehicle loan 24*7 at the comfort of their home. the app has assured security features with biometric authentication methods and customers can buy insurance & zero interest products online besides availing host of other facilities.” with the launch of an updated version of the imuthoot mobile application, muthoot finance is fast emerging as a leading name in the nbfc sector, which has persistently worked towards boosting the consumer experience, and coming up with tailor-made innovations that stand out in the industry. recently muthoot finance had also launched its whatsapp gold loan top-up facility, helping gold loan customers to apply for gold loan top-up online, by simply sending a “hi” on whatsapp to 7558077666 from their registered mobile number. muthoot finance offers convenience to its customers to download the imuthoot app version 3.0 by giving a missed call on 78299 50077. the automatic missed call system will initiate a sms to the customer with the link to download ‘imuthoot app’. they can also scan the following qr code to download the application on their mobile.

Over 500,000 applications processed supporting exponential growth

Leading global AI-powered credit decision platform provider, Scienaptic AI, announced that Avail Finance has gone live on its credit decisioning platform. The implementation is helping Avail Finance to enhance its credit decisioning for India’s blue-collared workforce.

Avail Finance provides the blue-collared workforce with a neo banking platform that aims to include every credit-worthy individual under the financial umbrella. With the formalized lending segment having overlooked extending credit to daily wage workers, domestic help, delivery workers, cooks and household staff, which was much needed, the team behind Avail Finance wanted to harness the power of technology to enable quick dispersal of small personal loans with low-interest rates and processing fees to the country’s low-income groups to help them when they need help the most. Using a hassle-free, quick and simplistic loan application structure, Avail Finance aims to identify credit-worthy individuals in the Indian population who are currently underserved by formalized lending institutions such as banks and NBFCs and provide them with credit line and instant cash products using an online app that enables access to credit in just a few moments.

“Traditionally, formalized lending institutions ignore underserved segments of the population. There is no credit card penetration among blue-collar workers, and they have a limited credit history. Considering these limitations, a platform like Scienaptic, which gives us the flexibility to integrate alternative data and change strategies rapidly, was a must,” said Tushar Mehndiratta, Co-Founder at Avail Finance. “With Scienaptic's decision engine, we are empowering low-income workers with faster access to credit. The AI engine has already helped us determine the financial picture of over 500,000 applicants dynamically.”

“We are very pleased to work with Avail Finance in supporting the credit financing needs of the underserved through our AI-powered credit decisioning platform. Using our platform, Avail can approve more borrowers, reduce losses, analyze portfolio performance at a granular level and react quickly to external changes. Avail is seeing exponential growth in its business, and we are happy to help them scale,” said Joydip Gupta, Head of APAC Business.

Mphasis, an Information Technology (IT) solutions provider specialising in cloud and cognitive services, in 2020 announced a deal with the Specialty Broking Segment of The Ardonagh Group (“Ardonagh”) -  the UK's largest independent insurance intermediary, to transform how they engage with clients, colleagues, carriers and regulators.  This project entailed digital transformation, data, automation and managing back- office Operations.

Expanding on this, in 2021, Mphasis and Ardonagh agreed to set up a shared services entity to service middle and back-office functions, while applying digital transformation. To execute on this, Mphasis and Ardonagh, today signed a Business Venture Agreement wherein, Mphasis acquires 51% in Mrald Limited, a company incorporated and registered in England and Wales, with 49% of the equity remaining with Ardonagh. Mrald’s inaugural service is Application Development and Maintenance (ADM) functions, with the aim to expansion in two areas:

• Insurance operations and technology capabilities; and
• New clients across the Ardonagh and 3^rd party clients in the insurance intermediate market.

 

Mrald’s mission is to deliver innovation combined with operational, technological, and service excellence. Mrald is focused on enhancing broker - client relationships through data-driven insights while allowing brokers to scale for increased client engagement.  Benefits to clients include:

• Enhanced end customer experience and cost-efficiency.
• Best practices in systems, processes, management, offices, and work from home; and
• Reduced costs of operations by realising real economies of scale.

Mphasis holds a majority share (51%) with both operating control and full economic interest, as well as bringing their existing offshore expertise to constitute an extended global outsourcing & transformation proposition and capability that can be harnessed to personalise and to meet individual UK customer needs. 

“In Mphasis, we have found a partner with capital, expertise, and assets to accelerate our focus on enhancing our digital broking capabilities. This expansion of our existing and long-term relationship is an important step forward in accelerating our shared ambitions. said David Ross, Chief Executive Officer, Ardonagh Group.

“Having successfully executed at least half a dozen similar transformational partnerships in this industry, we are confident of building a service model for the future and ensuring a ‘client-first’ approach. Enhancing Broker-Client relationship and experience powered by data driven insights is core to AG. We have been working with AG since 2016 to strengthen their servicing, infrastructure, and client engagement platform. We are excited to elevate our relationship to support future growth by helping augment their operating agility, flexibility and jointly create a service delivery model for the future,” said Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis. He added, “This also opens up opportunities for the business venture to attract and service other clients in this space.  The global insurance brokers market is expected to grow from $88.16 billion in 2020 to $113.99 billion in 2025*. Together with AG’s leadership, we believe we are uniquely positioned to take advantage of the high potential Insurance Intermediary market”.

Integrated with an AI powered chatbot, the updated version of the application enables consumers to avail Gold loan, Home loan, Personal loan and Vehicle Loan 24*7 at their own convenience  

Muthoot Finance, India’s largest gold loan NBFC has launched iMuthoot mobile App Version 3.0 which is integrated with an Artificial Intelligence based Chatbot. This ‘One App for All Loan Application’ offers the facility to customers to apply for Gold loan, Home Loan, Personal Loan & Vehicle Loan, from the comfort of their own homes.    

This enhanced version of the mobile application is a stepping stone to provide an enriched omnichannel experience to our customers. The users of the iMuthoot mobile App are offered a significant convenience of interoperability of all their digital transactions without having to visit the branch.    

Customers can also avail a large array of features including:   

·         Repayment of Gold Loans, Home Loan, Personal Loan, Vehicle Loan  

·         Gold loan Top-up and renewal without stepping out of home   

·         Making quick payments without any registration   

·         Assured security with Biometric Authentication Methods    

·         Intuitive Loan Calculator     

·         Easy Link up of Bank Account & PAN    

·         Booking an Appointment      

·         Payment of Utility Bills   

·         Buying Insurance & Purchasing Zero Interest Products Online     

·         Locate and leads you to nearest Muthoot branch   

·         Personalised notifications and get information in your own preferred language   

Speaking about the launch of iMuthoot mobile App 3.0, Mr. George Alexander Muthoot, Managing Director, Muthoot Finance  said, “As a leader in the gold loan NBFC sector in the country, we have always believed to be in tandem with technological innovations in order to provide seamless customer service. We aim to be a diversified financial supermarket offering varied financial services apart from gold loans and become a customer-centric business organisation enabled by technology in the long term. We are excited to launch our updated iMuthoot Mobile App 3.0, which we believe is a step forward to provide an enriched omnichannel customer experience. The App is integrated with an AI powered chatbot ‘Mattu’ and it is a one stop shop for consumers to avail and repay Gold loan, Home loan, Personal loan and Vehicle Loan 24*7 at the comfort of their home. The App has assured security features with Biometric Authentication methods and customers can buy Insurance & zero interest products online besides availing host of other facilities.”    

With the launch of an updated version of the iMuthoot mobile application, Muthoot Finance is fast emerging as a leading name in the NBFC sector, which has persistently worked towards boosting the consumer experience, and coming up with tailor-made innovations that stand out in the industry. Recently Muthoot Finance had also launched its WhatsApp Gold Loan Top-Up facility, helping gold loan customers to apply for gold loan top-up online, by simply sending a “Hi” on WhatsApp to 7558077666 from their registered mobile number.   

Muthoot Finance offers convenience to its customers to download the iMuthoot App Version 3.0 by giving a missed call on 78299 50077. The automatic missed call system will initiate a SMS to the customer with the link to download ‘iMuthoot App’. They can also scan the following QR Code to download the application on their mobile.  

SETL is proud to announce that it will be working with SWIFT on an innovation pilot , as the cooperative explores how it can support interoperability in the development of the tokenized asset market.

In a series of experiments early next year, SETL, SWIFT, Clearstream, Northern Trust and other market participants will explore the issuance, delivery versus payment (DVP), and redemption processes to support a frictionless and seamless tokenized asset market. The experiments will use both established forms of payment and central bank digital currencies (CBDCs).

The experiments will take place in Q1 2022 and the results will be shared afterwards with the financial community.

Financial market infrastructures are already embracing tokenization by supporting the full lifecycle of digital securities. In fact, the market for tokenized assets is expected to reach 24 trillion USD by 2027. In response, SWIFT is undertaking a series of experiments alongside market participants from the tokenized and traditional asset ecosystem to explore how it can support the growth and development of the tokenized asset market.

One of the key risks in a world where tokenized and traditional assets co-exist is that it will create a multiplicity of technologies, platforms and regulatory environments. SWIFT’s focus will therefore be on ensuring interoperability, interconnecting market participants and simplifying their operations by completing activities centrally that would otherwise be performed bilaterally between institutions.

SETL will work with SWIFT and other participants in the experiments on the integration between the various DLT environments and with transaction orchestrations by using their PORTL suite of products. PORTL provides a robust and permissioned toolset for financial institutions to build applications that interoperate between existing infrastructures and a range of enterprise ledger technologies including Corda, Besu, Fabric, DAML and SETL's own high-performance ledger.

Marjan Delatinne, Head of Payments, SETL said, “We are entering a pivotal moment of history by connecting the dots between SWIFT and the new tokenized world. This experiment could lay the foundation for better interoperability between participants and systems during the transactional lifecycle of tokenized assets.”

Anthony Culligan, Chief Engineer at SETL stated, "We are very pleased to be contributing to this important initiative.  We see significant innovation in securities tokenization at the moment and these experiments have the potential to create broader accessibility and interoperability between the emerging networks." 

Vikesh Patel, Head of Securities Strategy, SWIFT, said, “Our vision for instant and frictionless transactions not only applies to traditional securities instruments but also to new asset classes as well. The insights from this exercise with leading capital markets participants will help us define and prioritise the concrete steps required to enable seamless processes for tokenized assets.”

Philippe Morel, CEO of SETL, concluded: “Earlier this month we announced that the SETL-powered Regulated Liability Network (RLN) was proven to handle 1 million transactions per second, a result that dwarfs all other alternatives in sheer speed and scalability.  We’re delighted to announce this important next step, cementing our position as a leader in the field of regulated tokens and bringing the reality of DLT adoption in financial markets, with all the benefits the technology promises, a little closer.”