Published

  • 06:00 am

Bybit, the world's third most visited crypto exchange, has announced a dynamic partnership with Talos, the premier institutional digital asset trading technology provider.

The integration combines the power of Talos's robust trade infrastructure solutions with Bybit's access to a wide array of digital assets and best-in-market enterprise solutions including trading execution with precision.

This partnership will enable Bybit to streamline access for institutions looking to get into the crypto space via the Talos platform. Additionally, this new collaboration will boost real-time liquidity, elevating the user experience on Bybit even further.

Bybit is the only integrated crypto exchange to experience steady growth in market share throughout 2022, claiming the no. 2 spot in futures and perpetuals trading several times year to date. In January alone, Bybit recorded its highest-ever market share in these derivative markets at 14.6%. These milestones have solidified Bybit's position as one of the go-to cryptocurrency derivatives exchanges for institutional investors globally.
 
Bybit's immense success is due in no small part to its robust institutional services, which include specialized loans, a unified trading account, API capabilities, high-power infrastructure, and its efforts in building a trusted brand with a commitment to security, third-party custodians, and real-time proof-of-reserves powered by a purpose-built Merkle Tree.

Built by the same engineers that built many of the most recognizable systems in capital markets, Talos's highly-regarded, institutional-grade trading infrastructure offers a reliable and secure platform trusted by established market players and end-users. Talos also provides expert services ranging from trading to portfolio and settlement tools. Their solutions are available directly or through white-label partners all around the world, from the Americas to EMEA to APAC.

"Bybit understands the burgeoning demand for advanced trading solutions required by increasingly sophisticated institutions as they pursue growth opportunities in cryptocurrency. We are excited to partner with Talos to facilitate fast, trustworthy, and secure access to digital asset investments," said Ben Zhou co-founder and CEO of Bybit.

"Bybit is on a mission to offer next-level opportunities across the board. This partnership will allow us to offer the tech needed for streamlined trading operations and bridge the gap between institutional investors and digital currency networks."

"The partnership with Bybit allows us to further extend our execution capabilities for clients, providing them with expanded options to engage and transact with the top destinations in the industry," said Anton Katz, CEO and co-founder of Talos. "At Talos, we're always looking to expand our connectivity through smart integrations like the one we now have with Bybit. The robustness of offerings on Bybit provides our users with a broad range of execution functionality to enhance quality, depth, and breadth across their trade activity."

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  • 05:00 am

Saturna Sdn Bhd, a leading shariah-compliant financial services firm, today officially launched its digital platform to help investors grow their wealth ethically and securely.

The online tool enables individuals to begin their investment journey in just a few clicks, with the guidance of Saturna’s deep expertise in the world of Islamic finance. Unlike other offerings currently available on the market, Saturna takes an investor-friendly approach by imposing no sales nor redemption charges and no hidden fees. Potential investors can also enjoy flexibility as Saturna’s funds do not come with a minimum holding period. 

“Our new online platform is designed to be simple and secure for a seamless user experience,” said Pn. Shahariah Binti Shaharudin, President of Saturna Sdn Bhd. “It’s accessible enough for anyone to start investing in shariah-compliant solutions instantly, regardless of their experience or investment budget.”

The launch of Saturna’s digital platform was officiated by Pn. Ruslena Ramli, Director of Digital Finance and Islamic Digital Economy of Malaysia Digital Economy Corporation (MDEC), who expressed her hope that more organisations within the Islamic financing space will adopt innovative solutions to grow the industry further. “With this online platform, Saturna has led the way in making Islamic-based investment opportunities more available to a wider audience, enabling more individuals to benefit from the wealth of expertise they have to offer,” said Pn. Ruslena.

In addition to Islamic principles, Saturna’s funds also comply with global Environmental, Social, and Governance (ESG) standards, where investments are made in companies engaging in socially-responsible and environmentally-friendly business practices or products.

“We see ESG measures as complementary to shariah-compliant initiatives, as they are both driven by sustainability considerations, mitigate volatile risk-taking, and value long-term growth,” explained Pn. Shahariah. “I believe the events of the past few years, from the 2008 financial crisis to the Covid-19 pandemic, have inspired a paradigm shift in the way we view investing and increased the appetite for socially-conscious metrics. With our extensive expertise in Islamic-based fund management, Saturna is well-positioned to meet this demand with alternatives to conventional financial planning solutions.”

The launch event also featured a forum discussion on future trends that will shape the investment scene in the coming year. Panellists at the dialogue included Pn. Ruslena Ramli, Director of Digital Finance and Islamic Digital Economy of Malaysia Digital Economy Corporation (MDEC), Yang Berusaha Ahmad Dasuki Abdul Majid, Chief Executive Officer of PTPTN and Professor Dato' Dr Mohd Azmi Omar, President and Chief Executive of the International Centre for Education in Islamic Finance (INCEIF).

Saturna Sdn Bhd is a wholly-owned subsidiary of US-based Saturna Capital, whose Amana Growth Fund was ranked as the top Large Growth Fund of 2022 by US News & World Report. Since entering the Malaysian market in 2010, Saturna has established itself as a reputable and transparent Islamic financial firm, listing the National Higher Education Corporation Fund (also known as Perbadanan Tabung Pendidikan Tinggi Nasional or PTPTN) and the Employees' Provident Fund (EPF) as among its largest corporate investors.

Among the key tenets of shahriah-based investing are the prohibition on interest (or riba) as well as investments in activities that are prohibited by Islam (or haram), such as alcohol, gambling, and conventional insurance. Pn. Shahariah points out that these criteria are underpinned by a need to be socially responsible, making shariah-friendly investments an attractive option for anyone interested in ethical and transparent financial solutions.

“We are unique even within the Islamic finance sector as we prioritise value-orientated investments and sustainability over short-term profits, as backed by strong research and screening tools; our global track record over the decades has shown that this is an approach that works. Our commitment to Islamic principles shines throughout our investment process and client relationships. Since we operate on a collaborative model based on profit-and-loss sharing, we do not charge any fees when it comes to investing or withdrawing returns — we only earn if our clients earn,” said Pn. Shahariah.

In Malaysia, Saturna manages two popular shariah-compliant equity trust funds, namely the ICD Global Sustainable Fund and the ASEAN Equity fund, which offer investors exposure to global and regional investments respectively. Both funds are authorised by the Securities Commission Malaysia, and invest in a diversified portfolio that favours stable earnings for the long-term.

To sign up to Saturna’s digital platform, or learn more about its investment portfolio, go to: https://saturna.com.my/

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  • 04:00 am

SIX, the global financial information provider, today announced its partnership with FundGuard, the cloud native and multi-asset class investment accounting platform to deliver global pricing, market and reference data to asset managers, asset owners, and asset servicers.

FundGuard’s transformational SaaS investment accounting platform enables clients to leverage modern cloud and AI capabilities reducing costs, automating workflows, and driving an increased customer experience with access to meaningful data in real-time.

The partnership integrates SIX end-of-day market prices, core security master data and corporate actions notifications offering seamless access to clients using FundGuard’s IBOR, ABOR and NAV Contingency solutions. Other market-leading ESG, Fund Compliance, and regulatory-driven data sets from SIX will also be available through the investment accounting platform.

Investment organizations increasingly face multifaceted business challenges including fees and cost pressures, a constantly evolving regulatory environment, increased competition and restrictions imposed by legacy software. SIX and Fundguard’s approach offering best-of-breed access to both technology and data allows organizations to adapt and scale on-demand managing these challenges head-on.

“The partnership we have developed with FundGuard allows our mutual clients to embrace the new data economy with agile technology and high-quality data. Our shared focus on using collaboration and innovation is centre to solving market challenges and future proofing our clients operations” said Shai Popat, Head Product & Commercial Strategy, Financial Information at SIX. 

“Modern trading, front office, and dashboards cannot function efficiently without accurate and highly controlled data that is consistently, immediately, and seamlessly integrated across all touch points,” commented Lior Yogev, FundGuard CEO and Co-Founder. “By integrating the leading data and services from SIX with FundGuard’s cloud-native front-to-back and cross-industry operating model, our common clients will benefit from better data, better analytics and the ability to scale quickly - all while reducing total cost of ownership and removing operational silos.”

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  • 09:00 am

GoldenSource, the leading independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions, announced today the appointment of Swati Tyagi as Chief Product Officer.

Based in New York, Tyagi will lead the product team at GoldenSource, overseeing product strategy to ensure this continues to evolve and serve the needs of the firm’s global client base.

As part of the role, Tyagi will also join the Management Team. Her experience of integrating applications brought together by acquisition comes at an important time for the company, as GoldenSource looks to incorporate acquisitions into its growth strategy following its acquisition by private equity firm Gemspring Capital in 2022.

Beginning her career as a Product Manager, Tyagi brings product strategy, business analysis and management skills to the role, on top of 20 years of marketplace apps, governance risk & compliance, financial services and investment research experience. Tyagi joins GoldenSource from financial intelligence platform Sentieo (recently acquired by Alphasense), where she was Vice President, leading product management.

Commenting on her appointment, Tyagi saidThe role of data in financial markets is constantly evolving, influenced by technology innovations and regulatory developments, and GoldenSource leads the way in providing data management solutions for the broadest range of market participants, so it’s great to be working with the market leader. I look forward to scaling the suite of GoldenSource products with the wider product team and growing our global client base of financial firms looking to get the most from their investment in data.

John Eley, CEO at GoldenSource added: “We are very excited by Swati’s appointment, adding valuable skills to our accomplished product team. Her experience will be incredibly valuable for GoldenSource in the next phase of our growth, with the investment in our product offering and backing of Gemspring for future acquisitions, both areas in which Swati will play a key role in shaping decisions.”

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  • 02:00 am

If you're thinking about outsourcing your employee onboarding process, think again. Here's why you should never outsource this crucial task. Employee onboarding is critical to creating a great work environment and ensuring that your employees are successful in their new roles. When done well, it can help increase turnover, improve engagement and satisfaction, and promote a positive company culture. So why would you want to outsource something so important? Keep reading to find out the top three reasons why you should never outsource your employee onboarding process.

The importance of onboarding

Onboarding is an essential process within any successful organization, and employee onboarding software free is a great way to ensure that employee orientation goes smoothly. With employee onboarding software free, you can design personalized employee orientation experiences that can both save time and guarantee long-term engagement and workplace success. From automated document signing to scheduling compliance-related tasks, employee onboarding software free offers employers an efficient solution for employee orientation while giving them complete control over the process. Best of all, employee onboarding software free allows employers to provide new hires with the support they need to feel empowered in their new role and become productive members of their team quickly.

Why you should never outsource your employee onboarding

Employee onboarding is a critical process for any HR department and should never be taken lightly. Outsourcing employee onboarding can be a costly decision in the long run, as employee-employer relationships are often compromised. With employee onboarding software free to use, there’s no need to feel tempted by expensive outsourcing services. By investing just a bit of time into this software, you can easily handle employee onboarding - from introductions to administration, employee contracts to employee training, and everything in between - with a greater degree of control and a higher success rate than ever before. It's also easier to continue employee engagement during the onboarding process when it’s handled internally instead of externally.

The benefits of keeping your employee onboarding in-house

Employee onboarding is an essential part of any employee's experience, which is why it pays to get it right from the start. Keeping employee onboarding in-house has many benefits, from cost savings to on-the-spot support and personalized content. Managing employee onboarding processes in-house allows for customization according to an organization's preferences, allowing for greater control over the employee's experience and training. There are numerous employee onboarding software free options available online, streamlining the process and helping managers train new hires quickly, efficiently, and accurately – all while still receiving the benefits of keeping things in-house. Ultimately, managing employee onboarding internally improves employee retention by creating a positive start to their journey with your organization.

How to make sure your employee onboarding is successful

Having a successful employee onboarding process is essential for any business. Without it, employee engagement and productivity will suffer. Utilizing employee onboarding software is an effective way to ensure that your employee onboarding runs smoothly; thankfully, there are numerous programs available in the market, many of which offer free trials. When choosing the right employee onboarding software for your needs, consider which features and automation are necessary to make employee onboarding smoother and more efficient. In addition, assess what manual processes can be removed or streamlined with employee onboarding software. Ultimately, ensuring you have the right employee onboarding system in place will help establish a positive relationship between employers and employees from day one, increasing satisfaction rates and overall engagement.

Tips for a successful employee onboarding experience

An employee onboarding experience that is seamless and successful sets the foundation for a productive and pleasant employee-employer relationship. It is essential to provide the necessary paperwork and training to ensure that the employee has a smooth transition into the new job. Utilizing employee onboarding software free can save time, energy, and resources, making it easier to customize employee onboarding practices across multiple locations. Employees should feel supported when entering their roles. Including interactive activities such as shadowing or attending small group meetings with other employees on the first day of employment can be beneficial. Additionally, involving colleagues in similar positions and listing any available resources (e.g., websites, email addresses) that they may need within the organization helps foster this sense of belonging even further.

Onboarding is critical to the success of any organization because it sets the stage for an employee’s entire relationship with the company. When done well, onboarding can improve job satisfaction and retention while increasing productivity. For these reasons, you should never outsource your employee onboarding process – it’s too important to leave in someone else's hands. Keep your employee onboarding in-house, and use our tips to ensure a successful experience for all involved.

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  • 01:00 am

London-based RegTech startup docStribute has launched dSign, a digital signing solution leveraging the power of Distributed Ledger Technology and the existing infrastructure of flagship product dSend.

dSign will be available to companies of all sizes and is built around the needs of SMEs in particular, democratising digital signatures by making all features available for all sectors at a single, low cost, flat fee (with no hidden costs). dSign will support smaller companies by providing an easy and intuitive solution to inefficient and unsustainable physical signing. Immediately upon launch, dSign will take on an established market (with providers such as DocuSign that have ~75% market share) by offering drastically lower fees, unlimited users, DLT security, 2-factor authentication as standard, and much more.

UK local government data shows that paper and cardboard account for 20% of all waste produced in the UK and data from Danish activist collective The World Counts shows that paper accounts for around 26% of total waste at landfills. Furthermore, according to Harvard Business Review research, as much as 21% of a salesperson's time is taken up by admin. dSign directly responds to these issues, providing a new way, a better way, to conduct business.

Built on Hedera Hashgraph, dSign uses cryptography, 256 digit alphanumeric code, and a seamless three-factor verification process to store documents and create secure links to them. When signed, the content of the documents and their signatures are secured with a docStribute digital stamp - ensuring one true source of the final contract, while recording a real-time audit trail. 

dSign offers users the solution of legally binding digital signatures which reduces turnaround time by 80%, enabling business to be conducted faster, more securely and in a more environmentally-friendly way.

Digital signatures are becoming more popular in businesses, eliminating paperwork and saving time, money and resources. According to research conducted by Deloitte, the global e-signing market is projected to be a $5 billion market by 2023 and over $14 billion by 2026, with a compound annual growth rate ranging between 28% and 30% across the period.

docStribute CEO Chris Ansara said: “We are very excited to be launching dSign - a digital document signing solution that helps business be conducted quicker and in a more environmentally-friendly and cost-effective way. dSign ensures the authenticity of contracts is retained from start to finish. This launch will open up new markets to docStribute such as SMEs, the real estate sector, legal sector, human resources, and more. Businesses are tired of paying extra for additional functionality and seats. Other companies lock you in, and then encourage you to pay extra for functionality. With dSign, there are no hidden costs or sneaky upgrades required. We offer outstanding value for money and peace of mind that your contracts are in safe hands."

For a fixed fee of £20 per month at launch, users will get:  

  • Distributed Ledger Technology: technology that allows the simultaneous access, validation and updating of records and works on a computer network spread over multiple entities or locations. DLT ensures document security by using cryptography that only allows access to authorised users, and securely stores all data

  • Truly unlimited document manager folders, document history, documents for eSignature and users

  • Ensured security of all documents/agreements through being delivered to signees via immutable hyperlinks, as well as controlling who has access and monitoring all team activity

  • Guaranteed document safety through SMS 2-factor authentication login and SMS 2-factor authentication signing, ensuring only those authorised have access 

  • A CO2E savings calculator - as companies of all sizes, across sectors, look to decarbonise, it’s crucial to have access to data, showing progress or areas to improve

  • Customisable branding, meaning that users can adapt according to their company brand book and corporate image

  • Signer fields, collaborative fields, multiple signers and sequenced signing ensure the maximum efficiency of the digital signature process

  • A real-time audit trail so all records can be tracked

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  • 03:00 am
Buddy, one of the most popular budgeting app in the world for Gen Zers and young people, has partnered with Klarna Kosma, Klarna Kosma, Klarna's financial technology platform for banks, fintechs and innovative retailers, to allow Buddy users to connect their bank to automatically and seamlessly track expenses for greater budgeting accuracy and efficiency.
 
With over 3M users, Buddy is the fastest-growing budgeting app on the App Store for Gen Z internationally, garnering over 25,000 five-star ratings. The app provides a simple way to build and share budgets, track expenses, and better understand overall financial health. The bootstrapped company has become the most popular app of its kind in Australia, Canada, Denmark, France, Netherlands, Sweden, and others, and the second most popular in the US.
 
Better Accuracy, Efficiency and Flexibility For Users
Buddy’s partnership with Klarna Kosma will provide users with the option to directly link their incomings and outgoings from their bank thanks to Klarna Kosma’s open banking API, add manually, or do a mix of both. This makes it easier than ever before for people to track their expenses, gain valuable insights into their spending habits, and better control their finances. 
 
The new feature enables users to check account balances in real-time, monitor their spending and even set up payment reminders, all from one centralised place. With an added layer of security, users are able to safely track their spending with just a few taps.
 
Budgeting in a Cost of Living Crisis 
With increasing inflation, rising energy costs, and a volatile housing market, the cost of living crisis means budgeting is more important than ever for young people. During such turbulent times, Buddy aims to not only help people gain control of their budgets, but to educate them on how to make responsible decisions around spending and saving. This is especially pressing for younger people, with a 2021 report from the TIAA Institute and the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University (GW) School of Business showing Gen Zers have the lowest levels of financial literacy of any generation.
“Buddy’s mission is to empower young people with the knowledge of how to spend and save sustainably,” said Buddy's Founder and CEO, Olle Lind. 
“Through this integration we're helping individuals gain control of their finances by offering an easy-to-use, intuitive budgeting app that connects directly to their bank feed, helping them to manage their money during this difficult financial period and beyond. We’re giving users peace of mind in knowing that their Buddy app is always up-to-date, which results in much better budgeting visibility."
Wilko Klaassen, VP for Open Banking at Klarna Kosma said: “We are excited to be joining forces with Buddy to make budgeting simple and fun for Gen Z and millennials. With Kosma's help, Buddy could create a more smooth consumer experience, resulting in 52% more monthly active users for the Personal Finance Management App. It’s fantastic to welcome Buddy to Kosma’s platform and we look forward to being part of their future growth and continued success, helping even more users to shore up their finances.”

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  • 01:00 am

Adyen, the global financial technology platform of choice for leading businesses, announces that it has become the first to embed the Click to Pay experience into its online checkout flow in all available markets. This innovative method of data retrieval addresses the widespread hurdle of manual card entry at the payment stage. By enabling enrolled shoppers to bypass data entry during online checkout and complete the transaction in only a few clicks, it simplifies the payment experience across devices and browsers. Building on Adyen’s advanced digital offering – the company’s original and persisting focus area – Click to Pay marks the latest stride forward in reducing friction for shoppers and increasing conversion for global businesses.

“Many businesses still struggle with low conversion at online checkout, especially as it pertains to first-time or one-time shoppers,” said Edgar Verschuur, Global Head of Payments at Adyen. “We are committed to addressing this challenge using a range of global payment initiatives. By embedding Click to Pay into our online payment flow, we eliminate the need for consumers to manually enter their card details. This makes it quicker, more intuitive, and less error-prone for shoppers to successfully complete their purchase, which ultimately drives revenue for our customers.”

Every step added to a consumer’s payment journey increases the chances that they will abandon their purchase. To combat the risk of drop-off at the checkout stage, Adyen makes online payments as fast and effortless as possible – all while maintaining the highest level of trust and security. Rather than manually entering card details – a common cause of frustration which is prone to human error – Adyen retrieves a shopper’s historically preferred card information on their behalf. The resulting payment solution is available even when checking out as a guest. It not only saves time and effort, but also provides shoppers with the comfort of not needing to share card details with every online business they transact with.

With Click to Pay joining Adyen’s growing repertoire of checkout functionality, Adyen continues to lead the transition to more seamless and secure transactions. Click to Pay improves conversion, authorization, and the overall customer experience. It is supported by major card schemes including Mastercard and Visa. Adyen looks forward to supporting the growth of digital business.

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  • 06:00 am

In March 2023, PayPugs and Muniy signed an agreement to launch a global Fintech as a Service solution which will allow businesses to easily integrate financial services into their product offerings, providing greater convenience and flexibility for their customers. The partnership between both parties creates a new force in the market to accelerate fintech service adoption within the United Kingdom and Europe. 

The powerful new offering brings together PayPugs account, payment and cards infrastructure and Muniy front-end development expertise. Both companies will work together to develop web and mobile banking applications and back-end infrastructure for financial and non-financial companies. 

The fintech as a service product offers a range of features that can be customized to meet specific client needs, including easy API integration, different transaction types, IBAN accounts, various web and mobile interfaces, and more. 

The Embedded Finance market has been growing steadily over the past 5 years. New Neobanks and money remittance companies are entering the market and quickly capturing big customer segments. The neobanking market is predicted to grow at a compound annual growth rate of 53.4%. PayPugs and Muniy will focus on the rising and untapped market to provide a unified Fintech as a Service solution. Businesses will be able to save resources spent in maintenance and development by obtaining a tailor-made front and back-end fintech solution. 

The first stages of the partnership involve a joint venture establishment and back-end system synchronization. By combining PayPugs infrastructure and Muniy front-end development expertise, the market can anticipate quick solutions cost-effectively. 

“Our goal is to make it really easy for people to use our platform and start their fintech journey with just the push of a button. Muniy allows us to build really cool technology quickly, which means our clients can get their products to market in no time. The partnership we have in mind is all about giving you superpowers that you can pass on to your customers. We want everyone to have the tools they need to succeed!’’ - Jeremy Suarez, Co-Founder at Muniy. 

“When launching a Fintech product, whether it is a neobank, money remittance company or something else, it becomes very difficult to operate systems of different service providers. Not to mention the amount of resources spent on maintenance and development. With this partnership, we aim to tackle the problem of fragmentation and allow entrepreneurs and businesses to launch their own fintech product fast, cost effectively and most importantly - under one system. We will continue to leverage our experience and expertise and support businesses from demanding and high-growth sectors.’ - Alexander Zelinsky, Co-Founder at PayPugs. 

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  • 03:00 am

Today, UK-based financial technology platform myPOS unveils Go  2 – the next generation of its best-selling device myPOS Go. The launch is celebrated with a  discount offer that gives business owners a chance to purchase a modern POS device for £19  until April 30th. 

myPOS UK Country Manager Steven Stewart said: “We understand that small-business owners need support because they don’t have the same internal resources as larger enterprises. That’s why we develop modern tools at affordable prices as part of one cohesive payments ecosystem that SMEs can manage easily. We achieve this not only through internal innovation but also  through partnerships with financial institutions and networks such as American Express.” 

Like its predecessor, the new device myPOS Go 2 helps small merchants take their business anywhere. It’s very light and compact; however, it also features a sleek new design, a convenient,  durable keyboard and the ability to be paired with the Go 2 Printing Dock, enabling merchants to issue hard-copy receipts.  

“We listen to our merchants and know that they need scalable solutions, which can upgrade as the business grows. The first myPOS Go used to send only electronic receipts, but, with the new device, business owners will have the opportunity to print receipts if they decide to purchase the  Printing Dock,” Steven explained.  

The docking station is expected to hit stores later this spring along with another new myPOS device. Steven unveiled that the company is also working on its most powerful Android terminal yet. 

As with other myPOS devices, the upcoming portfolio additions will give merchants a chance to use all the tools on the fintech platform without monthly fees. All myPOS clients receive a free multicurrency merchant account, a free business debit card, and instant settlement of all funds from card payments accepted via myPOS, including American Express. The business-in-a-box platform has won multiple awards for its integrated business solutions and financial services,  which are charged based on the merchants’ turnover, with no fixed costs or long-term engagement. 

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