Published

  • 05:00 am

Newly launched cryptocurrency app BuySellHODL has announced the launch of its proprietary crypto ratings and price target feature, with Bitcoin as the initial coin rating launch. The rating feature is currently free and the first of its kind in the crypto space. It gives users real-time ratings and price target data that is entirely quantitative, creating an invaluable analysis tool for beginners and experts alike.

Bitcoin Rating & Price Target

Bitcoin has earned a "Buy" rating with a 12-month price target of $6,662.29. The ratings distribution breaks down as follows: 60 percent Buy, 22 percent HODL, and 19 percent sell.

The app regularly queries its users for their opinions on the overall state of the market, Bitcoin, and the value associated with other top cryptocurrencies. This data is accounted for as part of a proprietary formula that is then used to generate the ratings and price targets. This information is published and updated hourly on the BuySellHODL website as well as the Ratings tab on our Android and iPhone apps.

Unique Aspects of the BuySellHODL Crypto Ratings:

  • Real-Time Data – Price targets are updated by the minute. Ratings are updated daily. 
  • Quantitative Information – A proprietary formula that generates ratings and targets. 
  • Sentiment Analysis – Easy to see Bitcoin trends and critical shifts in community opinion. 
  • Universal Availability – Access crypto ratings on the website and our  Android and iPhone apps.

BuySellHODL Founder Clifford Lerner stated,

"There is a severe lack of compelling data and real-time analysis on cryptocurrencies. Our app addresses these shortcomings head-on, by providing the first of its kind cryptocurrency content. By querying our community of users, we're able to create fresh, real-time, and unbiased cryptocurrency ratings and price target data, while eliminating the inherent shortcomings and biases of qualitative ratings data that give little insights into the trends."

"Furthermore, our unique methods of generating the coin ratings and price targets enables us to provide differentiated data and analysis regarding the sentiment trends for each coin and the overall cryptocurrency market. We will be publishing the historical data for the top cryptocurrencies and overall market, making the BuySellHODL data a must-have tool for all crypto followers. In terms of the data, enthusiasts remain optimistic despite the current bear-market. More than half of the users (53 percent) currently say to 'Buy,' cryptocurrencies, compared to 21 percent saying 'HODL' and only 26 percent saying 'Sell,' and it will be interesting to see how this trends over time."

 

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  • 05:00 am

Profisee, a leading data management software company, announced today a new relationship with Velrada, an Australian 2018 Microsoft Global Partner of the Year, specializing in advanced analytics, data management and AI through digital transformation. The partnership enables Velrada to expand the distribution of the Profisee Platform in the Australian market. 

Velrada's Director of Data & AI, Dan Hookham says, "We bring deep experience and knowledge of the Australian market and we believe that this new partnership will further enhance our portfolio of products and solutions for analytics and data management. With the Profisee Platform, we can offer our customers accelerated  returns on investment by including best of breed master data management solutions and practices as part of our broader, big data driven, modern data estates." 

Profisee's Greg O'Sullivan, Senior Vice President of Global Partner Alliances & Channels says, "We are very pleased to develop our partnership with Velrada. Their relentless focus on helping businesses to drive efficiencies with strategic insight is what makes them an excellent partner to resell our value-driven Data Management solutions in the Australian market." 

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  • 09:00 am

Ready to use upon download, without card swipers or terminal hardware, the Digital Debit app make its way to a ready marketplace. Newly-released in the Apple App Store, merchants and freelancers can now accept in-person payments for services rendered from millions of PayPal users.  While retail-grade in its functionality, the QR app with PayPal integration can also be used in a more casual way.  Family and friends can both pay and get paid with the Digital Debit® app by using a PayPal linked bank account, or a credit or debit card without sharing e-mails and mobile numbers.  Could this be the debut of personal banking with limitless possibilities?  Without question, it's a warm welcome to the simplification of mobile payments.

According to insiders, the opportunity to build Digital Debit® with PayPal's open developer platform will give the QR payment system a competitive boost in the QR payment space. It will begin its trek by representing a U.S.-built counterpart to successful Chinese-based QR payment apps such as Alipay and WeChat.  

Edward Robles, the CEO of Digital Debit Group, said, "It's no secret that QR payments apps are growing in popularity in Asia.  Our retail-ready terminal app is designed for all types of users so it has the potential to reach global adoption. With that in mind, our PayPal-powered transaction platform is on target."

Designed with simplified features, Digital Debit® will connect with mobile payment users.  Features include a single panel operation for sending and receiving payments as well as the ability to personalize the app with custom background images.  Linked with PayPal accounts that users already possess, they can instantly access money they have received through mediums like the PayPal Debit MasterCard. With no time lost, account-to-account fund transfers are available to verified PayPal personal and business account users instantly after a transaction is made. 

"We evaluated banking APIs to build our flagship Digital Debit® app.  Through that evaluation, we found that PayPal offered an unmatched opportunity to make 23 switchable currencies accessible through an open and easy to use API and our end result further democratizes transactions. Anyone can put up a QR sign or present their App and obtain payment," adds Robles.

Backed by a server-less infrastructure, the company's integration of the PayPal API with the Digital Debit QR platform is built with the PCI DSS-compliant Amazon Web Services Lambda platform.

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  • 02:00 am

SIMBA Chain, a startup working to democratize blockchain technology by making it accessible to everyone, has raised $500,000 in a recent pre-seed round. Backers include Elevate VenturesNotre Dame Pit Road Fund and Tracy Graham, CEO of Data Reality. AECI International CEO Hari Agarwal is an investor and is also joining the board of directors.

SIMBA Chain will use the funds to continue to build out its Blockchain-as-a-Service platform, which makes it easy for anyone to implement blockchain distributed apps for iOS, Android and the web.

Participants in the round have impressive resumes and a solid roster of prior investments. Tracy Graham is the founder and Managing Principal of Graham Allen Partners, whose portfolio includes innovative organizations including Data Realty, Aunalytics, AC3, SEMMA Health, and Qumulus Solutions.

Investor Najeeb Khan has more than 35 years of business experience, and is the founder, chairman and CEO of Interlogic Outsourcing, Inc.

"The Pit Road Fund is excited to partner with and invest in SIMBA. Their Blockchain technology has the potential to eliminate a significant amount of record-keeping, allowing for significant costs savings and a reduction in burdensome paperwork," said Bryan Ritchie, General Partner - Pit Road Fund.

Blockchain is most commonly known as the technology underpinning cryptocurrencies like Bitcoin and Ethereum, but it's a transformative technology with wide-ranging implications for a diverse range of sectors from healthcare to banking to manufacturing. The challenge is getting companies to realize the benefits of leveraging blockchain technology and then creating pathways to facilitate its implementation. That's where SIMBA Chain comes in.

"Using SIMBA you can basically use a UI to create and model your business application. You define the assets along with the parameters you need, click go, and it automatically writes a smart contract, which is essentially interfaced to the blockchain," SIMBA Chain CEO Joel Neidig told Microsoft for Startups. "It reduces the development time into the blockchain and it enables very fast prototyping and development as well."

SIMBA Chain (short for Simple Blockchain Applications) was formed from a Defense Advanced Research Projects Agency (DARPA) grant in 2017 to build out a secure messaging solution for the U.S. Department of Defense.

The company recently won a government contract that will see it use its platform to help the U.S. Air Force improve its logistics and supply chain capabilities, part of an ongoing effort by the service branch to ensure it remains ahead of the technology curve. Most recently, SIMBA participated in a war game at the Pentagon.

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  • 03:00 am

Singapore’s leading fintech company and life insurer is stepping into the prepaid card space with the recent purchase of Canvas from local payments platform Yolopay. 

In conjunction with the acquisition process, now completed, former Yolopay marketing director - Liam McCance - joins Singapore Life as chief marketing officer and head of its new fintech venture division.

Walter de Oude, Singapore Life’s founder and chief executive chimes in on the acquisition: “We are extremely excited to bring Canvas to market and Liam onboard to spearhead Singapore Life’s latest tactical initiatives. Prepaid Visa card brand Canvas designed specifically for parents to manage their teens’ expenses is the way forward in an increasingly cashless society. Canvas is without a doubt, a practical financial solution for families; and an excellent teaching tool for young adults to learn how to prioritise their allotted pocket money prudently.”

“Along with our increasing number of wealth-centric product verticals, Canvas is a great addition to the Singapore Life family and adds payment functionality to our core offerings. We are constantly looking to adapt and evolve our technology to provide value-added services to our customers. All this would not have been possible without the immense faith and trust placed in us by our partner Visa.”

Through soon-to-be launched prepaid Visa card brand Canvas, parents can decide the amount of pocket money they assign to their children. With Canvas, parents now have a simple yet highly effective cashless method to issue pocket money and manage spending limits. Other administrative tools include facilitating expenditure limits by the hour or even completely turn off use via mobile phone. The Canvas app will be available mid 2019 on Android and iOS devices.

This is the first acquisition helmed by chief marketing officer Liam McCance: “There is a thriving fintech scene here in Singapore and though this initiative, Singapore Life intends to leverage these entrepreneurial innovations via acquisitions, investments and partnerships with companies aligned with Singapore Life’s digital first ethos. We expect to make more collaborative announcements in the near future.”
 

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  • 05:00 am

Today, Monese, the globally-connected banking service, has joined up with Avios, the loyalty currency, so users can easily track and maximise their Avios balance and check their transactions. 

This is the world’s first current account linked with Avios and it offers a new, seamless financial and lifestyle management service for mobile people. An exciting roadmap of developments, including further collection and redemption opportunities with Monese are planned for the coming weeks. 

Sitting within the Monese app, Avios will appear as a separate account, alongside other Monese currency accounts such as euros and pounds. This allows customers to track and maximise their Avios as they fly, travel, or spend across hundreds of Avios partner brands such as ASOS, John Lewis and Just Eat.

Monese offers instant, smart and connected banking services for a fast-growing and internationally mobile customer base. Customers can track and manage all travel and finances, including Avios earned on any credit cards, in one place, via one, simple-to-use app. Monese is built around these customers’ lives, wherever they are, and this partnership offers a new way to manage their lifestyles, as well as their finances. As customers travel and earn Avios, they can seamlessly switch between their Avios account - linked to British Airways Executive Club - and their UK, European and business current accounts all from within the Monese app.

In the coming months, this service will become even smarter to help customers get the most out of collecting and spending Avios. For example, Monese customers will earn Avios for referring friends, they will be able to send and receive Avios between Monese customers and link their Monese account cards to Avios in-store offers; to allow for easy and seamless Avios earning while using their Monese card. Further plans include a smart feature (via app push-notifications) that will highlight how and where everyday spending can help customers earn more Avios across hundreds of Avios partner brands. 
Norris Koppel, CEO and Founder at Monese, says: “We are delighted to be announcing this partnership with Avios, following our successful Series B fundraise. We serve a fast-growing and incredibly international audience who travel the world for study, work, family, or retirement. We’re proud to offer customers a smart, portable and seamless way to manage their lifestyles, as well as their finances. We know that these customers would value an easy and simple way to track and maximise Avios alongside their finances and travel. In the coming months, our Avios offering will become even smarter and stronger and it will help our customers make better decisions, wherever they may be in the world.”

Andrew Crawley, CEO, Avios Group, says: “Partnering with Monese is a significant move to making it even more convenient for customers to track their Avios while on the go. 
As Avios can be collected and spent in over 190 countries, we understand the need to have a banking account that’s as mobile as its customers. We look forward to working with Monese on our exciting plans to make collecting and spending even more rewarding.” 
The demand for Monese’s services has continued to grow since its launch in late 2015. Over 800,000 customers have signed up across the 30 European countries, new customers have tripled in 2018, and customers are now moving over $3 billion each year through Monese accounts. 

The news follows Monese securing $60 Million in Series B funding in September 2018, which has paved the way for an aggressive product roadmap. The round was led by Kinnevik, a global investor focused on digital businesses, with participation from PayPal, European investor Augmentum Fintech and International Airlines Group for its loyalty and data business Avios Group Ltd.
 

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  • 09:00 am
Legal & General has announced the launch of Track My Apps, a new tracking service from industry FinTech company Origo, which will support advisers selling its retirement income range of products from fixed-term annuities to lifetime annuities.
 
This service is the first of its kind in the market and will bring time saving efficiencies for advisers. The online system enables advisers to track the progress of client applications from when they are first loaded onto Legal & General’s system to the point when they are accepted.

Advisers will be able to see detailed progress of their clients’ pension transfers online, allowing them to manage their clients’ expectations while reducing the need for phone calls to check on an application’s progress.

Track My Apps uses Origo’s Transfer Tracking technology and forms part of its Integration Hub services, where real-time data is provided directly to Legal & General’s adviser portal. 

“At Legal & General, we’ve made a commitment to developing our Retirement Income proposition. A key part of this renewed focus is improving our digital capability to help advisers engage with us in a more efficient and effective way.

“The launch of Track My Apps for advisers is just the initial phase of our digital investment and we’re focused on further improving the service we provide to financial advisers. Access to the new Transfer Tracking service from Origo will begin that process, by giving our adviser partners real-time updates on the progress of their clients’ transfers.”
Jon Scannell, Distribution Director, Retirement Income at Legal & Genera

“Our digital Transfer Tracking service enables platforms and providers to deliver a better service to their customers while reducing the volume of phone calls requesting progress updates. Transfer Tracking frees up resources and expenditure which can be better directed elsewhere in the business.

“Available through our Integration Hub, the service has an easy set-up and integration process and tracks the progress of pensions, GIAs and ISAs transferring through our Options Transfers service. Legal & General have demonstrated their commitment to improved service for their adviser partners by being the first to market with our new technology.”
Anthony Rafferty, Managing Director, Origo 

“Track My Apps could be a game-changer for financial services. It's fantastic to see an industry leader like Legal & General embracing innovative technology and using it to make life easier for intermediaries. It will certainly make our processes, as well as our clients' experiences, much smoother. Track My Apps ultimately gives our team more time to do what we do best - making sure our clients have the financially secure retirement they deserve.”
Jon Terry, Finance Director, My Pension Expert 

“Legal & General’s case tracker system is a market-leading system supplying an important innovation to the pensions industry. The system gives users a window into the L&G administration process and this level of transparency provides clients with an increased level of confidence in the L&G administration process. Having clear, accurate and up to date case information within a few clicks will result in a more efficient back office administration.”
Mark Ormston, IT & Administration Manager, Retirement Line

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  • 18.02.2019 -- 04:53 pm

Jeff Sears, Founder & CEO,  Nine Dynamics | TITAN speaks at FinovateEurope 2019, London

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  • 05:00 am

BCS Global Markets (BCS GM) continues to strengthen its analytical coverage by partnering with leading Russian analysts Evgeny Gavrilenkov and Alexander Kudrin. Gavrilenkov and Kudrin are the founders of GKEM ANALYTICA, a new macroeconomic research firm focused on macroeconomics and financial markets.

GKEM ANALYTICA will collaborate with BCS GM’s award-winning analyst team on ‘Outside the Box’, a new research offering which will be available for BCS GM’s institutional investor base. The reports will be thematic, catering to investors who have an appetite for an alternative view on sectors and additional opportunities. In line with BCS GM and GKEM ANALYTICA’s areas of expertise, Russia will be the main market of focus.

Evgeny Gavrilenkov is the former Chief Economist and Managing Director at Sberbank’s investment arm, Sberbank CIB.  He consistently ranked as Russia’s top economist between 2006 and 2016 within the Extel Survey and ranked as the top economist for EMEA in 2011 within the same survey.

Alexander Kudrin has an equally impressive background and, before establishing GKEM ANALYTICA, he led Sberbank’s analytical research division. He and his team were consistently recognized in the Institutional Investor rankings and within the Extel Survey. Individually, he was ranked by Extel as Russia’s best debt analyst in 2013.

BCS GM’s research is also on a strong growth trajectory. The Team is  continuously expanding its research services to provide increasingly in-depth insights across companies, sectors and new geographies to offer asset allocators, institutions and private investors a broader overview of markets to make informed investment decisions.

Kirill Chuyko, Head of Research at BCS Global Markets commented: “This joint offering means that institutional clients of BCS Global Markets will get access to the exclusive product Outside the Box, in line with their growing demand for the highest quality analysis. This collaboration will only strengthen our offering – we are bringing in two of Russia’s brightest and most recognized financial and macroeconomics analysts.”

Evgeny Gavrilenkov added: “Analysis of the ongoing development of the Russian economy is an important element of investment decision making. This joint product from BCS Global Markets and GKEM Analytica will be useful for financial market participants, whether they are already actively investing in Russia or considering doing so in 2019.”

Alexander Kudrin also added: “As a part of MIFID II regulation, international institutional investors have come to expect increasingly complex analytical products. Considering the combined experience and successful work of BCS GM’s team and GKEM ANALYTICA, we are aiming to provide the highest standards of research.”

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  • 09:00 am

Mambu, the leading SaaS banking engine, today announced  it has raised €30 million in its latest funding round led by US-based Bessemer Venture Partners, one of the world's most experienced and successful SaaS-focused venture capital firms, with participation also coming from existing investors Acton Capital, CommerzVentures, Point Nine Capital and Runa Capital.

Mambu, which launched in 2011, has experienced triple-digit growth for four consecutive years as an increasing number of challenger and established banks sign on to implement the platform. The funding will accelerate Mambu’s momentum by stepping up investment in both the commercial teams as well as the product, platform and services, resulting in a planned three-fold growth in headcount and six-fold in revenues in the forthcoming years across all regions.

“The fintech era has changed financial services forcing institutions to digitise, innovate and scale to adapt to customer needs,” said Eugene Danilkis, Mambu CEO. “In a shifting technology landscape they have to move at the pace of a technology company rather than a traditional bank. As a direct result, we have experienced significant growth as these institutions change strategic direction and face new tech-enabled players entering the financial services market. We provide the engine which allows them to be agile to respond to market changes and realise business value quickly,” said Danilkis.

“This latest funding round is a testament to our growing client base and industry-leading platform. We have clients in more than fifty countries on all continents, many of them industry leaders who understand the market dynamics and how we support their growth strategy and technological evolution.

“Bessemer has significant experience working with rapidly growing SaaS technology companies and saw the potential in our technology and operating model.  Mambu is joining an elite group of companies, in which they have invested, which gives us access to a vast knowledge base of successful global SaaS businesses.  We are delighted not only by the investment, but the network that we will be tapping into as we accelerate this exciting growth journey,” said Danilkis.

“Mambu is a game changer in a market that desperately needs dynamic solutions to help them evolve,” said Brian Feinstein, Partner at Bessemer Venture Partners.  “We are impressed by their team, technology, rapid growth and the massive opportunity ahead as financial services becomes fundamentally tech-driven, cloud-first and API-enabled.  Mambu has accomplished so much with a relatively small team and we are excited to be coming in to support them in their growth, at what we believe is a tipping point in the industry.”

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