Published
- 02:00 am
MatchBack Systems, Inc., the leading software as a service (SaaS) solution to plan, optimize and automate matchbacks, announced that ZIM Integrated Shipping Ltd. joined the company's customer base on May 1, 2017 to optimize their inland operation in Italy. The account will be serviced through the European office in Rotterdam and corporate headquarters in North America. The system will be deployed for a 2 months pilot after which the parties will evaluate the scope for a broader cooperation.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/1cb9a632-22a4-4ff5-a3d5-d8b3964e5113
Gil Lehmann, Head of Global Land Transportation for ZIM selected MatchBack Systems for their inland container movements because of its global approach to automating container optimization and the mutual focus on sustainability. "We like the company's inventive technological approach to gain matchback savings through fewer empty container moves," said Lehmann. "At ZIM, we endorse innovation and new technological platforms, which we see as vital tools to promote our strategic values - efficiency and profitability leading to improved customer service."
A matchback occurs when you reuse containers, pairing an import transport move with an export transport move inland, resulting in significant savings in time, costs and emissions.
"ZIM understands and recognizes the compelling business case to automate matchbacks and has embraced the MatchBack Systems' approach," said Todd Ericksrud, president & CEO, MatchBack Systems. "We work closely with ZIM to unlock savings through strategic matchbacks in Europe. ZIM supports MatchBack Systems' use of big data to analyze, predict, optimize and ultimately automate the daily workflows to execute the optimal matchbacks. Along with lowering costs and improving equipment utilization, there's enormous positive environmental impact when matchbacks are executed, as the eliminated movements reduce harmful emissions."
- 01:00 am
Cardtronics plc (Nasdaq:CATM), the world's largest ATM owner / operator, announced today that, as the culmination of its Board of Directors' long-term succession plan, Chief Executive Officer Steven A. Rathgaber, 64, will retire from his CEO and Director roles effective December 31, 2017. Edward H. West, 51, presently Cardtronics' Chief Financial Officer and Chief Operations Officer, will succeed Rathgaber as CEO and join the board as a Director.
Rathgaber will work through a transition of the CEO role to West at the end of 2017. A search is underway for a new Chief Financial Officer to replace West, who will remain in his current position until a new CFO is appointed and will ensure an orderly transition of responsibilities.
"During Steve's nearly eight years as CEO, he led a period of tremendous growth in terms of scale, geographic presence, operating infrastructure and organization," said Dennis Lynch, chairman, Cardtronics Board of Directors. "He has positioned the company as the premier ATM platform provider in multiple markets around the world, preparing Cardtronics for its next stage of growth as the financial services industry continues to evolve. The building blocks are in place to drive the next leg of growth for Cardtronics, and Ed is the right CEO to lead the transformation of our industry and the company. This is the next step in an orderly succession planning process that has been underway with the board for the last two years."
"During this time of rapid change and complexities within the banking, financial services and payments industries, there is no better person to lead Cardtronics than Ed West," said Rathgaber. "Ed is a dynamic leader whose vision is exactly what Cardtronics, its clients and shareholders need as the company enters its next period of solution innovation and growth."
West is currently responsible for leading Cardtronics' financial functions, planning, corporate development and consolidated global operations. He joined Cardtronics in January 2016, following a 25-year career in senior executive roles, including CEO and CFO, at a number of large public and private corporations, from an early stage technology firm to a Fortune 100 company, with experience in the financial services, education, technology and business services and aviation industries. West received the "CFO of the Year" award from Institutional Investor Magazine in 2012 and was previously named one of the "Top 40 Under 40" by CFO Magazine.
"Cardtronics has a unique combination of financial institution and retail relationships, global distribution scale and innovation focus, and I am honored to have the opportunity to lead the company," said West. "The evolution of banking, payments and financial services creates vast opportunities for Cardtronics, and our future is bright. I look forward to working with the team to capitalize on these opportunities."
Rathgaber joined Cardtronics in January 2010, following a 30+ year career in senior leadership positions with a number of organizations in the banking, financial services and payments industries. During his tenure, Rathgaber has transformed Cardtronics from a leading U.S. ATM deployer, with approximately 30,000 ATMs owned and operated, into the number one ATM specialist worldwide - providing services for nearly 237,000 ATMs in 11 countries on four continents. Over this period, annual transactions on the Cardtronics fleet have grown from 400 million annually to over 2 billion, while annual revenues have grown from less than $500 million to nearly $1.5 billion. Rathgaber has guided Cardtronics through 19 acquisitions during this period.
"Over the last two years, we have reconstituted our executive team with proven industry leaders that together form an extraordinary team," said Rathgaber. "I take great comfort knowing that the company has such deep talent at its disposal to serve our clients and consumers around the globe. I am confident that Ed will continue to drive Cardtronics to new heights of growth and profitability."
About Cardtronics (Nasdaq:CATM)
Making ATM cash access convenient where people shop, work, and live, Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs, and the customers they share. Cardtronics provides services to approximately 237,000 ATMs in North America, Europe, Asia-Pacific, and Africa. Whether Cardtronics is driving foot traffic for top retailers, enhancing ATM brand presence for card issuers or expanding card holders' surcharge-free cash access, Cardtronics is convenient access to cash, when and where consumers need it. Cardtronics is where cash meets commerce.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This earnings release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and are intended to be covered by the safe harbor provisions thereof. These forward-looking statements are based on management's current expectations and beliefs concerning future developments and their potential effect on Cardtronics and there can be no assurance that future developments affecting Cardtronics will be those that are anticipated. All comments concerning Cardtronics' expectations for future revenues and operating results are based on its estimates for its existing operations and do not include the potential impact of any future acquisitions. Cardtronics' forward-looking statements involve significant risks and uncertainties (some of which are beyond its control) and assumptions that could cause actual results to differ materially from its historical experience and present expectations or projections. Risk factors are described in Cardtronics' 2016 Form 10-K, and those set forth from time-to-time in other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements contained in this earnings release, which speak only as of the date of this earnings release. Cardtronics undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events, or otherwise.
- 08:00 am
| We are pleased to announce that ULLINK has appointed Ofir Gefen as Managing Director (MD) for the Asia Pacific Japan (APJ) region. He reports directly to Didier Bouillard, ULLINK's CEO. Gefen's appointment is part of a significant strengthening of ULLINK's APJ management team, reflecting the company's increasing focus on the region. After 12 years with ULLINK in Paris, Luc Hovhannessian is relocating to Singapore as ULLINK's Director of South East Asia (ASEAN). Also re-joining ULLINK as Head of Sales for North Asia is Doris Teo, whose previous firms include SunGard (FIS) and 360T (Deutsche Börse Group). Hovhannessian and Teo will both report to Gefen. |
"I have admired ULLINK's growth in the trading, connectivity and execution space for both Buy and Sell Side, and I am delighted to join the firm. ULLINK is perfectly positioned to service the growth in electronic execution with its broad portfolio of solutions and deep understanding of the technological as well as regulatory challenges ahead. With 9 years' experience in the region I am confident I can contribute to the formidable APJ team and together deliver ULLINK's ambitious growth plan for the region." |
Sarah Jackson
Director at Equiniti Pancredit
It is not unreasonable for consumers to assume that they should be able to assess their eligibility for a loan without damaging their future prospects. The majority of lenders perform hard cred see more
Paul Underwood
Managing Director at Thames Card Technology.
It is staggering to write this down, but contactless in the UK is nearly ten! And it’s exciting that ‘tap and go’ payments are going from strength to strength. see more
Ruperth Madath
Delivery Services Director at EOH UK
Finance is changing. Disruption to business models, expanding global operations, tax complexities, evolving regulation and new risks are all demanding more of finance departments. see more
- 05:00 am
Youtap, a global provider of contactless mobile payments and financial services software, has launched a QR code solution and smartphone apps for mobile money services in Africa and Asia.
The new solution gives any merchant or small business owner with a smartphone the potential to download Youtap’s Merchant App, self-register, and start accepting mobile money payments. Likewise, any subscriber with a smartphone can download the Youtap Pay App and start making payments. Merchants who do not own a smartphone could be provided a printed QR code to accept mobile money.
Youtap’s QR code solution enables a full range of mobile money transactions, including cash-in and cash-out transactions, airtime top-ups, bill payments and in-store payments.
QR codes can also be used to give back change when a customer uses cash.
Smartphone penetration across the emerging markets is increasing significantly. Recently MTN Group published statistics on the growth of smartphones across its operating companies, including South Africa (15%), Nigeria (36%), Ghana (64%) and Côte d’Ivoire (100%). According to the GSMA, an association that represents the interests of mobile operators worldwide, smartphone adoption is expected to reach 50 per cent by the end of 2018.
In Asia, where smartphone adoption is high, QR codes are already widely used for payments.
- 09:00 am
IG Group, a global leader in online trading, has launched trading on Ether, the token of the Ethereum network.
Rupert Osborne, Deputy Head of FX and Futures at IG, commented:
“As the acceptance and popularity of cryptocurrencies has grown around the world, IG has been at the forefront of giving people the opportunity to trade them. We launched Bitcoin trading for our clients three years ago and are happy to make Ethereum the second cryptocurrency to trade on the platform.”
What are cryptocurrencies?
They are virtual currencies which operate independently of banks and governments, but can still be exchanged - or speculated on - just like any traditional currency. The most well-known is Bitcoin which IG already offers.
What is Ethereum?
Ethereum is a digital platform on which a whole range of applications can be built, including identity software, security programs and methods of payment. While the cryptocurrency itself is often referred to as ‘ethereum’, its more accurate name is ‘ether’.
How to trade it
To buy an ether token you generally need access to an exchange along with a virtual wallet. This process can be long and cumbersome, often taking several days, and carries a series of risks. You can instead trade ether with IG via a spread bet or CFD. In this case, you never actually own the currency, you are simply trading the movement in its price.
The price of ether is always quoted against another currency, most commonly the dollar. A person trading it is speculating on whether it will rise or fall in value against the other currency, rather than taking actual ownership. If they are correct they will make a profit, if not, they will make a loss1.
The benefits of trading Ethereum rather than investing
• Ability to go short as well as long - can take a position in either direction, which you are not able to do when investing in the currency.
• No wallet needed - No need for specialist technology, digital wallets, and additional apps to take a position and therefore no risk of fraud or hacking.
• Security - Our platform is secured by 256-bit encryption.
Dynamics affecting the value of Ethereum
Ethereum is less exposed to many of the economic and political factors which affect traditional currencies, but its value is influenced by a host of unique dynamics:
• Availability - Unlike bitcoin, there is no limit on the supply of ether. Even so, many ether units will continue to be added and lost over time, causing its availability to fluctuate.
• Wider acceptance - The ethereum ecosystem is constantly changing as adoption of the cryptocurrency grows, both among independent investors and those in industry. Additional new tokens have been issued on the ethereum network in initial coin offerings (ICOs), which have surged in popularity this year.
• Government regulation - Governments are still adapting to cryptocurrencies, with considerations for supervision mechanisms and other new guidelines.
• Media coverage - Negative press, particularly surrounding security lapses and hacks, can impact public perception of ethereum’s value.
• Technological advance - Ethereum’s integration into payment systems, crowdfunding platforms and more could raise its profile, while confidence in traditional systems may begin to erode.
• Market manipulation - A lack of regulation means traders may be able to influence the market by buying and selling in significant quantities.
- 06:00 am
SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has announced that C WorldWide Asset Management Fondsmæglerselskab A/S, has extended its SimCorp Dimension license agreement to include Data Warehouse Manager and SimCorp Coric.
C WorldWide Asset Management, a Danish based Asset Manager with DKK 110bn AuM, will be replacing its current reporting solution with SimCorp Coric’s full end-to-end client communications suite, and for the first time, adopting digital reporting to its clients with SimCorp Coric Web Reporter. The move is designed to accommodate increasingly frequent and complex requests for data from investors. C WorldWide Asset Management’s Client Service teams will be empowered with the ability to design new reports as well as customize content through the provision of user-friendly reporting tools.
C WorldWide Asset Management selected SimCorp Coric and the SimCorp Dimension Data Warehouse following a competitive tender process. A key factor in the decision process was SimCorp Coric’s ability to seamlessly integrate with the Data Warehouse, which acts as a central repository for reporting and analytics. This means C WorldWide Asset Management will be able to ensure that extracted data can be pulled together into a standardized, usable format for reporting. The single source will simplify the process dramatically, creating timely, highly-automated and accurate reporting, streamlining workflows and strengthening compliance handling.
Charlotte Wisbech Skov, Head of Portfolio Administration from C WorldWide Asset Management said: “Client reporting is an important communication tool for C WorldWide Asset Management. With SimCorp Coric, we will now have a reporting solution that can be integrated together with SimCorp Dimension, our broader front to back investment management platform. This development supports our strong focus on delivering a world-class client experience, further strengthened by the inclusion of digital self-service tools. The integrated approach also has a direct impact on the implementation time frame, which is expected to be shorter, compared with alternative solutions.
Stuart Keeler, Managing Director at SimCorp Coric said: “We are delighted to welcome C WorldWide Asset Management to our rapidly growing global client base, and to our new suite of digital client reporting services. SimCorp Coric is committed to investing in next generation technologies, to deliver client information via web browser or mobile device. This approach is key to delivering confidence to the investor and unburdens asset managers like C WorldWide Asset Management with the aggregation, management and communication of data reporting, leaving them to focus more closely on their organizational objectives.”
- 08:00 am
New FICO solution instantly evaluates millions of alternative offers, then to delivers the best offers to auto lenders, empowering them to aggressively compete for business without compromising risk, growth, or compliance requirements.
- New FICO solution instantly discovers and evaluatesmillions of alternative offers to deliver the best offers to auto lenders, empowering them to aggressively compete for business without compromising risk standards, growth targets, or compliance requirements
- At the core of the FICO solution is a sophisticated decision engine that leverages prescriptive analytics to improve performance and optimize deal offers in real-time
- Solution was officially launched at FICO's annual Auto Mastermind event in Silicon Valley, held August 17
FICO, a leading provider of predictive analytics and decision management software, today unveiled an automotive industry-specific loan origination solution.
Leveraging its deep analytic expertise coupled with advanced algorithms and the latest optimization technology, FICO enables auto finance companies to instantly evaluate millions of alternative offers to aggressively compete for business without compromising risk standards, growth targets, or compliance requirements.
"This innovative FICO solution brings advanced analytics in real-time to the origination processes. Lenders can discover thousands or possibly millions of offer alternatives to deliver the most appropriate offers to dealers and customers," said Anil Goyal, senior vice president, Automotive Valuation & Analytics, Black Book. "This solution allows for the integration of vehicle values and depreciation rate forecasts to enable lenders to estimate accurate loss projections and overall profitability while delivering the ultimate in choice to customers."
As the automotive industry and car buying experience dramatically change, auto finance companies need to make data-driven lending decisions in real time. In a recent report by Deloitte on "Financing The Future of Mobility: Auto finance in the evolving transportation ecosystem," the digital disruption to origination and underwriting of auto loans is made clear. "Historically, customers have rarely relished the process of initiating a loan, with its reams of paperwork and long wait times at the dealership. That's already beginning to change, as auto retailers look to adopt customer-centric omnichannel retail models."
"Today's digital-first consumers expect simplicity and instant gratification at every touchpoint of their car buying journey. Given increasingly fierce competition, dealers must be equipped to deliver instant, compelling, profitable, and flexible financing offers across digital channels and in the dealership," said Ken Kertz, senior director of the FICO auto practice. "By enabling finance companies to balance competing priorities with an analytically-driven approach, satisfied customers will be able to actually drive cars off the lot instead of being bogged down by burdensome paperwork or greedy deal terms."
Leveraging the power of the FICO® Xpress Optimization Suite and FICO® Origination Manager, the new auto industry solution is designed to generate multiple optimized deal structures for approved applicants, giving the customer and the finance professional greater flexibility to balance competing business outcomes (such as lowering risk or winning market share), as well as negotiate and instantly adjust the terms of the loan (length, interest rate, or monthly and down payments).
At the core of this offering is a sophisticated decisioning engine that enhances productivity and profitability for lenders by enabling them to respond to loan applicants instantly, eliminate negotiation turnaround times, manage risk, and significantly reduce manual paperwork.
