Delta Capita, a global provider of managed services, technology solutions and consulting, announced that it has appointed Oliver White as its new Head of Sales to focus on driving the client lifecycle management proposition. 

In this new role, Oliver will be responsible for driving further growth of the CLM service offering, and the Karbon value proposition, with a key focus on client engagement and business development. 

Oliver joins Delta Capita from Enveil where he opened and led the London office for the Washington based privacy enhancing technology company. Prior to this, he held the role of Head of UK Sales at Fenergo and Avox. With over 25 years’ experience in the Financial Sector industry, Oliver brings an in-depth knowledge of the market and a deep understanding of the regulatory challenges facing organisations. 

Delta Capita specialise in providing managed services, technology, and consultancy services to the financial services industry with Client Lifecycle Management (CLM) at the core of the business. Delta Capita provides end to end KYC, AML and Client Due Diligence capabilities which include full managed services, remediation and resourcing, quality control, together with advisory services.  

Delta Capita’s primary focus is delivering its vision of reinventing the financial services value chain with its unique combination of innovative CLM proprietary technology offering and deep practitioner expertise in CLM. Its success with Karbon’s end-to-end client lifecycle management platform, utilising cognitive computing, and artificial intelligence, combined with its CLM expertise is enabling financial institutions to comply with regulations, simplify operations, reduce costs, and innovate their operating business models.   

Oliver White, Head of CLM Sales at Delta Capita said, “I am delighted to be joining Delta Capita at a time when the firm is seeing such rapid growth and look forward to working with our clients to provide and deliver the exceptional services they have come to expect from the organisation.” 

Gary McClure, CEO of CLM Managed Services at Delta Capita said, “We are delighted that Oliver has joined us in this new role to support our managed service growth and CLM business development. I have known Oliver for many years and his CLM knowledge, industry awareness and client relationship skills will only enhance our compelling offering and enable us to continue Reinventing the Financial Services Value Chain.”

Fusion Trade Innovation is recognized for supporting SWIFT SR2021 standards release ahead of changes to Category 7 type messages in November 2021

 Finastra today announced that it is the first technology provider to secure the SWIFT Compatible Application label 2021 for Trade Finance. The achievement proves that Fusion Trade Innovation, Finastra’s global trade and supply chain booking engine and processing solution, meets rigorous SWIFT industry standards. The solution is ready to support customers ahead of the SWIFT SR2021 go-live in November this year, which impacts Category 7 Guarantees and Standby Letters of Credit messages.         

Anastasia McAlpine, Head of Product for Trade and Supply Chain Finance at Finastra said, “SWIFT SR2021 completes the cycle of the most significant set of changes to the trade finance messaging interface in nearly 30 years, with the updated message structures and the introduction of new message types. We are delighted to have secured this SWIFT Compatible Application label as it demonstrates Fusion Trade Innovation’s strong capabilities to align with the extensive and complex SWIFT standards. It is also testament to the solution’s ability to support customers as the industry evolves.”

Banks around the world are facing many challenges due to the pandemic, and this leads to greater intensity when navigating the changes needed to ensure compliance with the SWIFT SR2021 for Category 7 Guarantees and Standby Letters of Credit messages. The new fields and message types, introduced as part of these upcoming changes, require banks and financial institutions to review existing business and operational processes for multiple trade finance products, domestically and cross-border, including the introduction of the new Undertakings functionality.

Finastra’s Fusion Trade Innovation supported customers through the first wave of SWIFT changes in 2018. Now the solution is the first compatible and ready to support banks with this next stage.

BOSS Revolution, the international money remittance and calling service of IDT Corporation, today announced that it was providing no-fee money transfers and reduced calling rates to Haiti after a devastating earthquake struck the Caribbean nation on Saturday.

The BOSS Revolution Money no-fee offer applies to transfers to Haiti initiated through August 22^nd in amounts up to $130, when using a debit card through the BOSS Revolution Money app or website. Senders can choose from several convenient payout options, including cash pick-up and direct deposit, as well as transfers direct to mobile wallets.

The BOSS Revolution Money remittance service is readily available in the US through the convenient BOSS Revolution Money app (free at App Store and Google Play), online and through the nationwide network of BOSS Revolution Money retailers. First time users of the Money app pay no fees on transfers up to $300.

Reduced calling rates from the US and Canada to mobile phones in Haiti are available on the BOSS Revolution Calling app through the end of the day today, August 15^th. First time callers on the app always receive $2.00 in free calling credit. In addition, BOSS Revolution customers in the US and Canada can conveniently recharge mobile phone accounts of friends, family and loved ones in Haiti through the app.

“The earthquake has left thousands of families in Southwestern Haiti homeless, and many more without basic necessities. BOSS Revolution is pitching in to support the relief effort by making donations directly to responsible charitable relief organizations and by making it more affordable for members of the Haitian diaspora to send money to and to speak with friends, family and loved ones in Haiti,” said Alfredo O’Hagan, IDT’s SVP for Consumer Payments.

The Nasdaq-listed crypto exchange bought account aggregation startup Zabo so users can view their third-party crypto accounts within the Coinbase app, per Finextra.

Why this could succeed: Coinbase is helping users better manage their crypto holdings to stand out from other crypto exchanges.

Zabo’s API connects to any crypto exchange, wallet, or protocol, giving Coinbase users the added convenience of seeing their full balances and transaction histories across the different platforms they use. Standardizing and formatting data from the different accounts provides a more holistic picture of their crypto investments to help inform trading decisions and even do tax calculations. By contrast, most other exchanges, like Robinhood and eToro, only offer insights into accounts held with their respective platforms.

Looking ahead: Such acquisitions let Coinbase launch more value-added products to stay ahead of competitors, and crypto-focused funds are next.

In the past year alone, the exchange acquired crypto prime broker Tagomi, trade execution startup Routefire, and data analytics firm Skew. And Coinbase is now using its multibillion-dollar direct listing proceeds from April to double down on its acquisition spree and keep up with well-funded peers trying to challenge its pole position in the market: Crypto firms have already raised $7.27 billion in 2021, up from $2.8 billion in 2020, per CB Insights.

Next on its acquisition list is digital asset management firm Osprey Funds, which will expand its services beyond direct crypto trading. Osprey offers crypto-focused funds that give customers exposure to the asset class without having to purchase any cryptos. This is the latest hot investment vehicle in the sector: Last week, Wealthfront added two crypto funds, and Betterment is mulling a similar crypto offering. Goldman, meanwhile, is among more than a dozen firms awaiting regulatory approval for an ETF focused on crypto-related companies.

OSB Group (OSB) and Phoebus Software Limited (PSL) have signed a new 5-year contract. The specialist lender has been a client of PSL since 2013 and the new deal follows the merger of OneSavings Bank and Charter Court Financial Services plc in 2019.

The mortgage servicing solution will handle all the Group’s primary and special servicing requirements in a highly automated manner. Users are based in both the UK and India.

Since the original implementation in 2014, as well as being its core mortgage servicing platform, OSB has also migrated several new books onto the Phoebus platform, utilising the Phoebus migrations API to maximise automation in this mission critical area. OSB has also undertaken securitisation of assets using the Phoebus securitisation module. 

Phoebus Software Limited’s sales and marketing director, Richard Pike, says “We have worked closely with OSB since 2013 and have a very strong relationship. We are hugely proud to have been the servicing partner of the Group through its transition from Kent Reliance to the innovative business it is today, and supporting its growth as a market leader in specialist lending. We look forward to continued success for both parties through the relationship over the coming years.”

John Gaunt, Group Chief Information Officer at OSB GROUP PLC, comments “PSL is a valued and trusted supplier, and the Phoebus solution provides our business with both operational efficiencies and excellent functionality.  We look forward to continued success in working with PSL over the coming years.”

Palo Alto, CA - Bitcoin Latinum, the next-generation insured Bitcoin fork capable of massive transaction volume, digital asset management, cyber security, and capacity is announcing a partnership with Los Angeles based luxury hospitality and lifestyle company, The h.wood Group.

The partnership involves cross-promotional marketing initiatives, event sponsorships, endorsements, and the acceptance of Bitcoin Latinum for services, products, and amenities across The h.wood Group’s diversified portfolio of upscale nightlife and restaurant venues. Guests will have the option to seamlessly pay for tables, drinks, food, and merchandise with Bitcoin Latinum, in addition to Bitcoin and Ethereum tokens.

Founded by successful entrepreneurs John Terzian and Brian Toll, the Independently owned and operated The h.wood Group’s restaurant, nightlife, and events divisions manage restaurants, nightlife and hotel venues across the world. The brand includes restaurant concepts The NICE GUY, Delilah LA, Delilah Las Vegas at Wynn Resorts, Delilah Miami, SLAB, Mason, Petite Taqueria, and hospitality venues include Blind Dragon, Bootsy Bellows, Poppy, The Peppermint Club, SHOREbar, 40 LOVE and FOUND Hotels. The h.wood Group has received multiple awards and international recognition for its design and execution. The h.wood Group venues have also become popular with A-list celebrities and influencers. The implementation of Bitcoin Latinum, along with other blockchain technologies opens new business opportunities for The h.wood Group.

“As entrepreneurs, Brian and I have always looked into the future rather than get stuck in old ways. We are constantly watching, learning and adapting. Crypto and blockchain are the future in many ways and we want The h.wood Group to be ahead of the curve. We are excited for this endeavor with Bitcoin Latinum,” stated Terzian.

Cryptocurrency payments with businesses have been gaining broader acceptance across a wide spectrum of industries. Major credit card issuers Visa and Mastercard have both rolled out the ability for users to buy and make transactions with cryptocurrencies such as Bitcoin and Ethereum. According to Statista, The United States has the greatest number of companies with Bitcoin ATM’s and in-store payment options than any other country in the world, at around 6,000 businesses. In a recent survey by Deloitte, 56% of businesses said their organizations would be making at least $500,000 in blockchain investments over the next twelve months.

Bitcoin Latinum is an enhanced Bitcoin fork. The Bitcoin Latinum algorithm and infrastructure break barriers and speed limits that have prevented some virtual currencies from achieving practical, real-time use. The Bitcoin Latinum tokens are part of an ecosystem being adopted by companies in media, entertainment, gaming, storage, cloud and telecommunications. Bitcoin Latinum tokens can be interchangeably used on each of these partner/supplier networks by consumers. Furthermore, Bitcoin Latinum looks to reduce the cost of a Bitcoin transaction from dollars to pennies for on-chain transactions.

Monsoon Blockchain Corporation, Asia's premier blockchain company, was selected by Bitcoin Latinum as its foundation partner. Monsoon is focused on innovative cloud solutions in the blockchain ecosystem, leveraging the latest blockchain technology to develop powerful business solutions that allow the successful digitization of and listing of assets across a variety of industries, including financial services, telecommunications, and media and entertainment. Dr. Donald Basile, Monsoon's CEO and founder, is the former CEO of Fusion IO, a company known for playing a major role in implementing the cloud systems at Apple and Facebook as well as partnerships with HP, IBM, and Dell.

“It is an honor to work with great entrepreneurs like John and Brian,” said Dr. Donald Basile, CEO of Monsoon Blockchain Corporation. “We look forward to our partnership, and helping companies and individuals understand the benefits of the blockchain to foster widespread adoption across the entertainment and hospitality industries.”

Dr. Basile is also the Co-CEO and Chairman of Roman DBDR, a special purpose acquisition company, which raised $236 million in its initial public offering in November 2020, and is listed on Nasdaq under the symbol “DBDR.” Roman DBDR announced a merger with CompoSecure, a pioneer in premium payment cards with clients such as J.P. Morgan Chase, American Express, and Crypto.com. The merger of the two companies will create a combined enterprise value of approximately $1.2 billion.

Bitcoin Latinum is planning to launch on public exchanges across the globe in Q3 2021 under the symbol LTNM. In Q2 2021 Bitcoin Latinum announced a groundbreaking green initiative to achieve a carbon net-zero footprint. This will be achieved through an enhanced proof of stake consensus protocol system for settling transactions. As a further commitment to sustainable environmental practices, Bitcoin Latinum officially joined the Crypto Climate Accord. Bitcoin Latinum sold out its initial two pre-sales. 

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any Bitcoin Latinum offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation or be relied upon as personalized investment advice. Bitcoin Latinum strongly recommends you consult a licensed or registered professional before making any investment decision.

Paya Holdings Inc. (NASDAQ: PAYA) (“Paya” or the “Company”) today announced that it has commenced an exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding public warrants and private placement warrants (collectively, the “warrants”) to purchase shares of common stock, par value $0.001 per share (“Common Stock”), of the Company. The purpose of the Offer and Consent Solicitation is to simplify the Company’s capital structure and reduce the potential dilutive impact of the warrants, thereby providing the Company with more flexibility for financing its operations in the future.

The Company is offering to all holders of its warrants the opportunity to receive 0.260 shares of common stock in exchange for each outstanding warrant tendered by the holder and exchanged pursuant to the Offer. Pursuant to the Offer, the Company is offering up to an aggregate of 4,605,885 shares of its common stock in exchange for the warrants.

Concurrently with the Offer, the Company is also soliciting consents from holders of the public warrants to amend the warrant agreement that governs all of the warrants (the “Warrant Agreement”) to permit the Company to require that each Warrant that is outstanding upon the closing of the Offer be converted into 0.234 shares of common stock, which is a ratio 10% less than the exchange ratio applicable to the Offer (such amendment, the “Warrant Amendment”). Pursuant to the terms of the Warrant Agreement, all except certain specified modifications or amendments require the vote or written consent of holders of at least 65% of the outstanding public warrants. Accordingly, the adoption of the Warrant Amendment will require the consent of holders of at least 65% of the outstanding public warrants. Parties representing 63.2% of the outstanding public warrants have agreed to tender their warrants in the Offer and to consent to the Warrant Amendment in the Consent Solicitation, pursuant to a tender and support agreement. Accordingly, if holders of an additional approximately 1.8% of the outstanding public warrants consent to the Warrant Amendment in the Consent Solicitation, and the other conditions of the Offer are satisfied or waived, then the Warrant Amendment will be adopted. The offering period will continue until 11:59 p.m., Eastern Daylight Time, on September 10, 2021, or such later time and date to which the Company may extend, as described in the Company’s Schedule TO and Prospectus/Offer to Exchange (the “Expiration Date”). Tendered warrants may be withdrawn by holders at any time prior to the Expiration Date.

The Offer and Consent Solicitation are being made pursuant to a Prospectus/Offer to Exchange dated August 13, 2021, and Schedule TO, dated August 13, 2021, each of which have been filed with the U.S. Securities and Exchange Commission (“SEC”) and more fully set forth the terms and conditions of the Offer and Consent Solicitation.

The Company’s common stock and public warrants are listed on The Nasdaq Capital Market under the symbols “PAYA” and “PAYAW,” respectively. As of August 13, 2021, a total of 17,714,945 warrants were outstanding.

The Company has engaged Evercore Group L.L.C. as the Dealer Manager for the Offer and Consent Solicitation. Any questions or requests for assistance concerning the Offer and Consent Solicitation may be directed to Evercore Group L.L.C. at (888) 474-0200 (toll-free). D.F. King & Co., Inc. has been appointed as the Information Agent for the Offer and Consent Solicitation, and Continental Stock Transfer & Trust Company has been appointed as the Exchange Agent. Requests for documents should be directed to D.F. King & Co., Inc. at (800) 370-1749 (for warrant holders) or (212) 269-5550 (for banks and brokers) or via the following email address: paya@dfking.com.

Important Additional Information Has Been Filed with the SEC

Copies of the Schedule TO and Prospectus/Offer to Exchange will be available free of charge at the website of the SEC at www.sec.gov. Requests for documents may also be directed to Evercore Group L.L.C. at (888) 474-0200 (toll-free). A registration statement on Form S-4 relating to the securities to be issued in the Offer has been filed with the SEC but has not yet become effective. Such securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This announcement is for informational purposes only and shall not constitute an offer to purchase or a solicitation of an offer to sell the warrants or an offer to sell or a solicitation of an offer to buy any shares of common stock in any state in which such offer, solicitation or sale would be unlawful before registration or qualification under the laws of any such state. The Offer and Consent Solicitation are being made only through the Schedule TO and Prospectus/Offer to Exchange, and the complete terms and conditions of the Offer and Consent Solicitation are set forth in the Schedule TO and Prospectus/Offer to Exchange.

Holders of the warrants are urged to read the Schedule TO and Prospectus/Offer to Exchange carefully before making any decision with respect to the Offer and Consent Solicitation because they contain important information, including the various terms of, and conditions to, the Offer and Consent Solicitation.

None of the Company, any of its management or its board of directors, or the Information Agent, the Exchange Agent or the Dealer Manager makes any recommendation as to whether or not holders of warrants should tender warrants for exchange in the Offer or consent to the Warrant Amendment in the Consent Solicitation.

Commenting on Olam picking London for its premium IPO, Mark Lynch, Partner at corporate finance house, Oghma Partners, said: “The listing of Olam ingredients in the UK is a vote of confidence in the London Equity market and reflects, amongst other things, its deep pool of liquidity. Assuming that the Company does qualify as a UK Food Manufacturer, it provides a significant boost to the sector that has lost many former FTSE companies over the last twenty years including, Cadbury Schweppes, United Biscuits, Hillsdown Holdings, Albert Fisher, Northern Foods and Unigate. Importantly it also offers investors a route into the changing world of food ingredients which is seeing an expansion in its opportunities through the growth in demand for plant based foods, plus expanding Ag Tech and Food Tech applications and the focus of consumers and clients on traceability and sustainability.”

The National Garden Scheme (www.ngs.org.uk) continued to lead the digitalisation of charity at Chilworth Manor in Surrey on 11th August, at an event supported by Dame Mary Berry, President of the National Garden Scheme, in partnership with London-based fintech SumUp (www.sumup.co.uk).

Chilworth Manor – rarely open to the public - played host to an evening of hospitality and live music from jazz quartet Down for the Count, in the magnificent setting of the walled garden.

How Brits give money to charity is changing. The days of rattling charity buckets full of coins are dwindling as payment technology has evolved in line with our habits. Gone are the days when you would have to scramble for change in your pocket or bag, often these days you can tap away, do your bit, and keep moving. 

According to SumUp data, 73% of charities are saying that street giving is falling simply because people do not carry enough cash, so investing in digital solutions seems the inevitable way forward, however only 14% of charities say they are well prepared to take advantage of contactless payments. 56% of charities said they have not adopted the tech because of the cost required to buy the equipment and 50% of charities are actively exploring investment in new ways for their supporters to donate. 

Chief Executive of the National Garden Scheme, George Plumptre, said of the event:

“The National Garden Scheme’s new partnership with SumUp has transformed the charity’s financial efficiency. From being a cash-only organisation with all the challenges that brings in a Coronavirus world, we have been able to offer our garden owners the option to have a card reader on their open day with all the benefits this brings for them and their visitors who now have the option to pay by card. SumUp have dealt with and supported our order for 1,000 card readers and our complicated financial reporting structure brilliantly. 

“At a stroke we have gone from being a financial dinosaur to being properly up to date with the offering for our customers. SumUp’s generous support for our event at Chilworth Manor and enabling us to use the card readers at our wider fundraising events is the icing on the cake.”

Commenting, Umberto Zola, Country Growth Lead UK at SumUp, said:

“SumUp is delighted to support the UK’s charitable sector through our partnership with the National Garden Scheme and CollecTin. It is only right to make our technology and network available to the people that provide care and support to people in need. Supporters of the National Garden Scheme are funding incredible work and we at SumUp are only too happy to help in any way we can.”

The partnership between SumUp and CollectIn (www.collectin.com) means that charitable donations are as effortless as buying a coffee. In a single deft motion, you can now change someone’s life, fund invaluable research, and provide support to some of the most vulnerable people in society.

Events such as those organised by the National Garden Scheme are central to the charity’s long-term health and success, as it supports numerous charities such as the Macmillan Cancer Support, Marie Curie, Hospice UK and The Queen’s Nursing Institute. 

- SGT Capital to purchase Utimaco, the global leading provider of mission-critical professional cybersecurity and data intelligence solutions for regulated critical infrastructures

- Co-headquartered in Aachen, Germany, and Campbell, CA, US, Utimaco provides on-premises and cloud-based hardware security modules, as well as key management solutions and compliance solutions for governments and corporations globally

- Utimaco has more than 470 employees around the globe and with its focus on protecting data, identities and critical infrastructures against cyber-crime, the Company is a crucial force in contributing to making the world and societies a safer place

SGT Capital is pleased to announce that the EQT Mid Market Europe fund ("EQT Private Equity") has agreed to sell Utimaco Verwaltungs GmbH ("Utimaco" or the "Company") to SGT Capital, a global alternative asset manager with offices in Germany and Singapore.

Headquartered in Aachen, Germany, and Campbell, CA, US, Utimaco is the leading platform provider of trusted cybersecurity and compliance solutions and services. The Company provides on-premises and cloud-based hardware security modules, as well as key management solutions and data intelligence solutions for regulated critical infrastructures. Utimaco has more than 470 employees around the globe and with its focus on protecting data, identities and critical infrastructures against cyber-crime, the Company is a crucial force in contributing to making the world and societies a safer place.

Joseph Pacini, Co-Managing Partner of SGT Capital, said: "Utimaco is the clear market leader in global cybersecurity as well as data intelligence solutions and has executed an impressive innovation, growth and M&A strategy. We look forward to working with Stefan Auerbach and the entire Utimaco team as well as EQT Private Equity and Bain Capital Credit going forwards."

Florian Funk, Partner within EQT Private Equity's Advisory Team, said: "Utimaco plays a crucial role in fighting cyber-crime making the world a safer place. We would like to thank all employees for this exciting journey - we are convinced that Utimaco will continue its successful path with its new majority owner and are happy to stay invested as a minority owner."

Tom Maughan, Head of Private Credit in Europe for Bain Capital Credit, said: "We have been very impressed with the performance of Utimaco over the last few years. Bain Capital is delighted to support SGT Capital in their investment and to continue to work alongside this talented management team led by Stefan Auerbach. "

Stefan Auerbach, CEO of Utimaco, said: "In the last years, we have built a global platform leader for trusted cybersecurity solutions, providing the highest level of security and compliance to the world's largest corporates and governments. We look forward to the next phase of growth together with SGT Capital."

Carsten Geyer, Co-Managing Partner of SGT Capital, said: "Utimaco clearly fits within the SGT Capital business model of investing in market leading business with excellent executives and significant future global growth potential – particularly into high growth regions such as Asia. We look forward to opening up doors of success together with the Utimaco team, EQT Private Equity and Bain Capital Credit."

The transaction is subject to regulatory conditions and approvals and is expected to close in Q4 2021. The parties have agreed not to disclose the transaction value.

SGT Capital was advised by E&Y (commercial/technology, financial, tax) and Willkie Farr Gallagher (legal). Bain Capital Credit provided the financing for this transaction.