Leading technology solutions provider for brokerages and fintech firms, AIRSOFT Technology, has announced a very busy pipeline for Autumn 2021. With brokerages struggling to support the huge influx of traders in 2020-2021, the company believes that the forex events would offer the best platform to create awareness regarding its turnkey technology solutions. Now that fintech events are live once again, they offer excellent opportunities to network and build brand awareness.

iFX Expo International, Cyprus

iFX Expo International will be held at the luxury resort, Parklane, in Limassol. The largest and most well-known B2B fintech event promises to be an exciting one, if iFX Expo Dubai event in May 2021 is anything to go by.

AIRSOFT is the sponsor for the Sea View Lounge at the event. This is where participants are expected to meet and greet each other. To make the experience even sweeter, the company is also sponsoring the beer at this venue. Additionally, the AIRSOFT team will be exhibiting their leading-edge technology solutions for brokers at Booth #98 at the iFX Expo.

This year, the theme for the expo is “Back to Basics.” The focus will remain on networking and how it can spur the industry to grow. The event also intends to highlight innovation and resilience, which have proven to be crucial factors in success during the most challenging times. Limassol is the perfect venue for such discussions, not just because of its extremely hospitable culture but also because the city has risen to become a global hub for fintech and innovation.

iFX Expo is one of the most trusted venues for brokers, liquidity providers, fintech solutions providers, payment services providers, IBs and affiliates, banks, crypto and blockchain projects from all over the world. This is where industry leaders and pioneers discuss their thoughts and opinions. Some of the brightest minds in the fintech world are expected to speak and hold workshops at the event.

AIRSOFT looks forward to connecting with business leaders and demonstrating why its technology solutions are the go-to choices for brokers worldwide.

“At AIRSOFT, we believe that brokers today can only achieve long-term success through exceptional services. This is what helps attract new clients and retain existing ones. Our technology solutions aim to ease and enhance customer experiences to drive growth for brokers. iFX Expo provides an excellent venue to meet with industry leaders and up and coming entrepreneurs and we are very excited to be sponsors for the event,” stated Julia Rotenberg, Head of Sales and Business Development at AIRSOFT.

The London Summit 2021

Organised by Finance Magnates, The London Summit is another event that fintech firms eagerly anticipate each year. This year, it will be held on November 16-17, at Old Billingsgate, London. Since its inception, this annual event has seen increasing popularity, bringing together fintech brands, technology providers, payment solutions providers, fintech startups, retail and institutional brokers and crypto projects. The conference is the perfect venue to meet and connect with the key decision-makers shaping the future of the financial sector.

The London Summit Awards are the other main attraction at the event. Some of the most sought-after titles in the industry are granted right here for firms that excel across various business categories. What makes these awards special is that industry peers vote on the recognition, making it even more meaningful.

AIRSOFT looks forward to being part of the elite gathering at the London Summit. The company will also be exhibiting its technology at Branded Wall Stand #D. Brokers looking for cutting-edge solutions that will not only provide turnkey solutions for their operations but also seamlessly scale as they grow can meet the AIRSOFT team and learn more about their technology right here.

Meet AIRSOFT in Dubai and Amsterdam

AIRSOFT will also be attending Forex Expo 2021, to be held on September 29-30 at the World Trade Centre, Dubai. Forex Expo is another much-awaited annual event for forex professionals and those involved in the FX trading sector. This year, the event expects to see 5,000+ traders, 100+ forex brokers and 70+ speakers from more than 30 countries. Some of the leading minds in the finance industry are expected to speak at the event.

Forex Expo 2021 presents another great opportunity for AIRSOFT to meet with existing and prospective clients about its powerful technology solutions. Brokers, affiliates and payments providers can book a meeting with the team in advance for a one-on-one discussion. The company will be able to guide new and veteran professionals on how to grow their business amid rapidly changing customer demographics and preferences.

The AIRSOFT team will also be present at iGB Live!, to be held from September 28 to October 1, 2021, at RAI Amsterdam. This event brings together pioneers, leaders and startups from the gaming industry. The aim of the event is to help businesses network, learn and drive growth by building connections with the worldwide iGaming industry. In this industry too, success depends on being able to offer the latest technology and best user experiences, something that AIRSOFT excels at.

To book a one-on-one discussion and learn more about how AIRSOFT can help brokerages succeed, book an appointment with the team for any of the above events in advance.

New NoSQL Industry Benchmark Shows Sub-Millisecond Performance at Petabyte Scale on a Fraction of the Servers of Traditional Databases

Aerospike Inc. has unveiled the results of a petabyte-scale benchmark that illustrates its Real-time Data Platform delivering 4 million to 5 million transactions per second (TPS) with sub-millisecond latencies for read-only and mixed workloads on a remarkably small 20-node Amazon Web Services (AWS) cluster fuelled by Intel® Xeon Scalable Processors.

Achieved in collaboration with AWS and Intel®, the benchmark shows that even with significant data growth and extreme workloads, the Aerospike Database performs with hundreds of nodes less than other databases, saving up to $10M per application in infrastructure costs.

“With Aerospike, real-time petabyte-scale processing can be effective and affordable for enterprises of any size, not only those with billions in annual revenues,” said Srini Srinivasan, chief product officer and founder, Aerospike. “Selecting Aerospike’s real-time data platform early in a company’s growth cycle not only helps them grow faster, but also eliminates expensive and time-consuming rip-and-replace of databases that fail to scale up to meet ever-growing demands.”

The benchmark is another illustration of the real-world experiences of Aerospike’s global customers. The report illustrates how companies like PayPal, ThreatMetrix, and Signal (a TransUnion company) significantly reduced their server counts and cut costs by millions of dollars. In most cases, these customers turned to Aerospike after other solutions failed to effectively scale up to meet their rapidly growing data and application needs.

“Organisations moving to the cloud want validation that their applications are going to have the high throughput and extreme low-latency required for modern business,” said Amit Shah, Principal - Product Management, Amazon EC2 at AWS. “Aerospike’s cloud-native, real-time data platform provides a significant reduction in cloud server footprint and delivers impressive performance across all memory configurations.”

“Many successful companies quickly scale to massive amounts of data in the pursuit of better insight to run and manage their businesses,” said Rebecca Weekly, VP of Hyperscale Strategy and Execution at Intel. “Intel’s technologies are foundational for cloud computing, and in close collaboration with Aerospike and AWS, are delivering the optimised balance of compute performance, storage and network capabilities to consume up to petabytes of data, analyze it and create actionable insights.”

Download the full benchmark report and watch a full presentation from the recent 2021 Aerospike Digital Summit for detailed descriptions of the workloads, configurations and performance.

Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. All other trademarks are the property of their respective owners.

Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) today announced the expiration and final results of its previously announced cash tender offer (the “Tender Offer”) for any and all of its outstanding 4.500% Senior Notes due 2022 (the “Notes”).

The Tender Offer expired at 5:00 p.m., New York City time, on August 20, 2021 (the “Expiration Time”). The principal amount of the Notes that was validly tendered and not validly withdrawn in the Tender Offer as of the Expiration Time according to information provided by D.F. King & Co., Inc., the Information and Tender Agent for the Tender Offer, is set forth in the table below.

Enstar expects to accept for purchase all Notes validly tendered and not validly withdrawn prior to the Expiration Time, including Notes delivered in accordance with guaranteed delivery procedures. Settlement for the Notes validly tendered and not validly withdrawn at or prior to the Expiration Time and accepted for purchase by Enstar is expected to take place on August 25, 2021. Holders of Notes accepted for purchase pursuant to the Tender Offer will receive the previously announced consideration of $1,021.82 for each $1,000 principal amount of Notes plus accrued and unpaid interest thereon from the last interest payment date to, but not including, the settlement date for the Tender Offer.

The Tender Offer was made pursuant to the Offer to Purchase dated August 16, 2021 and the related Notice of Guaranteed Delivery.

Wells Fargo Securities, LLC, Barclays Capital Inc. and HSBC Securities (USA) Inc. acted as the Dealer Managers for the Tender Offer.  D.F. King & Co., Inc. acted as the Information and Tender Agent for the Tender Offer. 

Singapore-based blockchain security firm CYBAVO announces that it has raised $4 million USD in its Pre-Series A funding round. The round, completed in June, was co-led by global venture capital firm 500 Startups, Taiwan's H&D Asset Management Company and New Economy Ventures. Other investors from Taiwan, Silicon Valley, Singapore, Hong Kong and Japan also participated in the round.

"The company intends to use the latest funding to fuel expansion in the East Asian, European, and North American markets," says Paul Fan, CEO of CYBAVO. "The funds will also be used for continued investment in the research and development of cybersecurity and blockchain technology, and to further raise the level of customer and product satisfaction."

Digital asset custody and management is a USD $20 billion market, but not many companies offer end-to-end turn-key solutions for enterprises and institutional investors. CYBAVO offers these investors a solution to achieve frictionless adoption of crypto assets with a focus on digital asset security and regulatory compliance.

This year, CYBAVO was accepted into 500 Startups' flagship accelerator program. Through the program, it will have access to its global network of mentors, founders, and industry stakeholders. The company also opened its first European office in Luxembourg and completed Fit 4 Start, Luxembourg's leading startup acceleration program. The program provided CYBAVO with tailored coaching, funding, access to key network connections, and advice on regulations and the market in Europe. In June, CYBAVO won first place in SelectUSA Investment Summit's Cybersecurity pitching session, a program led by the U.S. Department of Commerce. These achievements further showcase the company's intent to deliver a successful international expansion.

"The digital asset market has grown rapidly over the past couple of years, but the market lacks a secure institutional grade end-to-end solution. Thanks to the experience and vision of CYBAVO's founding team, we think there's great potential for the company to develop into a full-stack digital asset management platform," said Shawn Chu, Principal at 500 Startups.

When asked about his insights on the future of digital assets, Managing Partner at New Economy Ventures Ethan Tsai said, "We are optimistic about the future growth and development of digital assets and blockchain technology and we are particularly interested in partnering with technology companies that can provide infrastructure for crypto assets. We believe CYBAVO can leverage its long-term technical and talent advantage in cybersecurity to address the huge market potential of "real assets to crypto assets"."

"With an ever-increasing number of transactions taking place, cryptocurrency and digital assets are undoubtedly one of the fastest growing trends today. The protection of these assets is the basic building block of this industry, and one of the most important issues the industry must tackle is how to manage private keys in a secure and efficient way. I'm very glad that the team at CYBAVO can present an unrivaled solution for private key management. This solution not only provides security, but it's also an end-to-end, intuitive and easy-to-use system that increases operational efficiency. We trust that CYBAVO's institutional wallet solution will make transactions in cryptocurrency as safe and convenient as transactions in traditional banking institutions we've come to trust. Here at H&D Asset Management we're happy to be a part of CYBAVO's growth, and proud to witness its journey to becoming a leading organization in the cryptocurrency industry," said Chu Ping-Yu, Chairman of the Board at H&D Asset Management.

CYBAVO is the leading provider for blockchain security solutions in Asia Pacific. Its extensive list of enterprise customers include cryptocurrency exchanges, fund management companies, cryptocurrency wallet providers, and fintech service providers. The company is insured by S&P AA-rated global reinsurance company, and holds certifications for ISO 27001 and NIST's Cryptographic Module Validation Program.

Smartt Inc., is pleased to announce the acquisition of Costrade S.P.A., a Construction company founded in 1951 with a track record of approximately $1 Billion in executed projects during the years of operation. The Company was previously known as Visconti S.P.A. and has been working mostly with the Italian Government for public projects. One of the current projects where Costrade S.P.A is involved, is the LTR (Linea Tranviaria Rapida) which is the “Underground Fast Train” in Campania region in Italy.

Mr. Diego Visconti, Director of Smartt, Inc., commented: “Smartt, Inc. has signed an agreement for the acquisition of 100% of the shares of Costrade S.P.A., Inc. The Company will be a great asset for Smartt, Inc for the construction division. The transaction has closed on August 22, 2021.”

The First deposit for the acquisition will be 50,000,000 restricted shares at two years that is equivalent to a value of approximately $1.1 Million. The balance due will be a determinate by the performance of share price during the next two years from future forecasted growth. Smartt, Inc. will have the option to pay in cash before the 2-year restriction has matured.

Mr. Visconti, Director of Smartt, Inc. added “Costrade S.P.A. will put us on the map as one of the leading Construction Companies in Italy and Europe with a great reputation of executed projects. Our goal is to expand Costrade S.P.A to the United States and LATAM.”

Medius, a leading provider of spend management solutions, announces the appointment of Branden Jenkins as its new Chief Strategy Officer (CSO).  Jenkins will be responsible for Medius’ strategic direction and coordination with stakeholders, including Medius’ executive team, customers, and partners. Jenkins will also oversee corporate development.

Jenkins joins Medius with over 20 years of leadership in cloud-based software companies ranging from start-ups to rapidly scaling public software companies. Before joining Medius, he served as vice president of Strategy at NetSuite, an Oracle global business unit. He created and executed initiatives that drove market share accretion, increased customer engagement, and boosted overall success for NetSuite and its customers.

“Branden joining as CSO is perfect timing since we’re accelerating our growth as a leader of spend management solutions for midsized enterprises across the globe,” said Per Åkerberg, Medius CEO. “Branden brings tremendous experience in go-to-market, ecosystem development, and category design. He will be instrumental in our build-buy-partner strategies and verticalization as we accelerate across all fronts.”

“Customers are moving beyond traditional ERP and financial management software, which is riddled with burdensome processes and workflows, preferring in its place robust automated solutions such as Medius,” Jenkins said. 

“Medius is perfectly positioned to own the global spend management solutions category for midsized enterprises, and I am delighted to lead the way as the new Chief Strategy Officer.”   

Jenkins joins Medius during a season of accomplishments and growth. Earlier this year, Medius won the Fintech Breakthrough Award for Best Procure-to-Pay Software and was recognized as a Visionary in the Gartner Magic Quadrant. Additionally, Medius reported strong 2020 performance that included a 49% increase in new sales – despite the challenging macro environment.

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Cooperative Teachers Credit Union (CTCU) has selected its AI-powered platform, enabling the credit union to make stronger, faster credit decisions and offer enhanced financial options for its members.

Founded in 1953 by teachers, for teachers, Texas-based CTCU has grown into an inclusive community financial institution while still maintaining a passion for educators throughout East Texas. Offering a full line of financial products and services, with savings rates 54% higher than the national average, CTCU is the 121st largest credit union in the state of Texas.

“Through the years, CTCU has grown in assets, in members and in offerings,” said Tim Miller, president and CEO, Cooperative Teachers Credit Union. “We are excited to partner with Scienaptic and build upon this growth by tapping its AI-powered credit decisioning platform. Scienaptic's AI will enable us to offer enhanced credit access to our members and improve their financial well-being."

"We are pleased to partner with CTCU to provide enhanced lending decisions, and in turn, increased credit availability to its members,” said Pankaj Jain, President, Scienaptic. “By leveraging Scienaptic’s AI enhanced decision-making capabilities, CTCU is positioned to create more approvals faster and strengthen member relationships, all while delivering an exceptional customer experience without increasing risk.”

Bitcoin recently reached USD 50,000. Here are the views of Avinash Shekhar, Co-CEO, ZebPay on the development:

“The current market surge was expected by firm believers of this technology asset class after the temporary sell-off which was a short-lived FUD in the market. BTC has absorbed pretty much all the negative news over the last quarter and yet, hasn’t dampened the impact on the institutional influx of money into this technology giving out a clear message on the strong fundamental value the asset poses.

Bitcoin is fundamentally a very strong asset with a reliable foreseen future. The recent sell-off was a temporary uncertainty faced on accounts of the negative news in the market pertaining to some respective country’s stance on the mining aspect of the asset. Bitcoin has just picked the growth path to its base of strong fundamentals again where all types of investors from retail to institutions have shown immense interest and vision.

We recommend Rupee-Cost-Average (RCA) into crypto assets as a long-term investment strategy. Using RCA, investors can get an average entry price for the asset and get better returns in the long run. SIPs is one way to do this and we have launched a new product, ZEBB to promote this long-term investment strategy. Anyone can start a SIP in Bitcoin or Ether on ZEBB starting with just Rs. 100.”

Blockchain Centre, a network-based organization that assists companies and products in entering the blockchain space, has announced a strategic partnership with the Binance Smart Chain (BSC).

The primary objective of this partnership is to increase meaningful blockchain adoption and help companies develop more competent products for the blockchain space. The two organizations hope to achieve faster and smoother integration of newcomers and ensure full-scale infrastructure support for companies and products entering the crypto space.

Binance Smart Chain, an Ethereum Virtual Machine-compatible Blockchain has seen tremendous growth since its inception. Through meaningful partnerships, more projects and developers are choosing to build their applications using the BSC ecosystem. Blockchain Centre will now have access to the institutional-quality infrastructure support that BSC can offer.

As part of the collaboration, Binance Smart Chain (BSC) will provide their expertise to companies and products that are part of the Blockchain Centre network. Key advisory areas being product management, market positioning and the fundamentals of developing for blockchain.

Tadas Maurukas, the CEO and co-founder of Blockchain Centre, expressed his opinion by saying:

"Binance Smart Chain is one of the most sought-after and influential partners in the crypto space. By working together, we will reduce the barrier of entry into the crypto space for new and existing companies by quite a significant margin. Naturally, we are incredibly excited to offer world-class consulting and connections to our network, and we hope to bring more creators, dApp developers, influencers, products, and investors around the world to the blockchain digital space."

Following this partnership, the existing network of Blockchain Centre can now leverage what Binance Chain has to offer. Key features being: smart contract support and cross-chain interoperability. Most importantly, a growing ecosystem of millions of users across Binance.com and Binance DEX, and access to collaborate with the network of knowledgeable crypto projects already working with Binance Smart Chain (BSC).