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Lithuanian Financing Platform Debitum Reports that Over €10M in Investments Now Made via its Auto-Invest Tool

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The team at Lithuania’s Debitum, which offers borderless SME financing services, notes that another month has passed and they would like to provide a platform update for May 2021.

Debitum’s management writes in a blog post that they’re pleased to report the positive sentiments in the market and are hoping their clients have been able to earn steady interest via their platform.

Debitum reveals that they have provided more than 30 million Euros worth of total investments via their platform and more than 10 million Euros worth of investments have been made by using their proprietary Auto-Invest tool. The Debitum community has now grown to nearly 7000 users, the company confirms.

During the month of May 2021, more than 200 investors reportedly joined the Debitum platform, increasing the total user base to over 6980 investors (and counting). This was “one of the highest increase in total number of investors over the last 12 months,” Debitum’s management claims.

But as previously reported, the activation rate of new users is “not as high as expected but Debitum team puts a lot of effort in the partnership with digital marketing specialists,” the company noted while adding that it’s working hard to attract more users.

Debitum further notes in its update:

“In terms of deposits…May was not the greatest month for Debitum platform. Even though our users were depositing quite well, the deposits were not converting well into investments. Quite a lot of investors decided to withdraw funds from the platform despite that they like investments on the platform.”

The company also mentioned that “the beginning of June has been showing that the negative effect of withdrawals will be felt in June, too.” Last month, Debitum managed to exceed 7.5 million EUR of deposits on the platform and “no one has ever lost [their] investment” on the platform, the company claims.

Debitum’s report continued:

“In May, Debitum provided the highest volume of investments since the beginning of the platform operations. We received assets from Evergreen Capital, Chain Finance, Triple Dragon, Flexidea, and Cube Funder. The total amount of provided investments climbed over 40 million EUR! As a result, our investors can choose from the highest number of investments throughout the whole history of Debitum.”

The Debitum team added that their platform investors will be able to invest in various opportunities that are “backed by a pool of loans or other collateral” which means that you can “diversify with ease.”

Last month, Debitum investors invested “a slightly higher amount of funds than in April,” the company revealed while adding that this increased the total amount of invested funds to more than 30 million EUR.

Debitum also noted that they’re pleased to see that “the overall investment facilitation rate stays above 75% but it went back to 66% in May and this shows that Debitum investors need to be more active on the platform.”

The company further noted:

“In May, Debitum investors invested in investments from 14 industries. Most of the investments went to the ITT, production, logistics, and construction sectors. Most of the assets in the logistics and production sectors were invoice financing loans that have high turnover. … most of the assets in the ITT sector were business loans with longer terms. Despite that, Debitum investors trust the loan originators who provide these loans and increase their investment in these companies.”

Debitum’s monthly report also mentioned:

“In May, similar to the overall invested volume on the platform, Debitum experienced a similar increase of automatic investments. 854,622 EUR were invested using the auto-invest tool. That is 50.27% of the total invested volume in May.”

The company claims that Debitum investors are “more willing to use the auto-invest tool as there are more and more different loans added on the platform.”

If an investor is looking to diversify their investment portfolio, the auto-invest tool is “one of the essentials, to begin with,” Debitum explains while noting that as more investments will be added to the platform, they are expecting to see “a positive trend” in June.

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Source: https://www.crowdfundinsider.com/2021/06/176571-lithuanian-financing-platform-debitum-reports-that-over-e10m-in-investments-now-made-via-its-auto-invest-tool/

Crowdfunding

Changing UK Cybercrime Patterns Outlined in PPC Shield Report

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British individuals and businesses have been scammed for £5.7m in losses from just under 15,000 reported cybercrime incidents so far in 2021, research from click fraud prevention firm PPC Shield reveals. Malicious hacking, fraudulent use of social media accounts and email scams are the top methods, accounting for 43 per cent of all reported activity. Malware/viruses, personal hacking and extortion are also common.

The under-40 crowd has reported the most incidents this year with 5,000, suggesting scammers and hackers are predominantly targeting those used to juggling multiple social media accounts, email addresses and banking apps.

While corporate cybercrime only accounts for 10 per cent of reported incidents, the £1.9 million in damages are one-third of the total figure.

The effects take a mental toll. According to ONS data from the Crime Survey for England and Wales (CSEW), 72 per cent of victims said they had been emotionally affected by their experiences, with almost one third indicating a moderate to severe impact –  mostly annoyance and anger. Ten per cent said they experienced anxiety, depression, fear and sleep disruption.

Four out of five offences (81 per cent) were committed by an individual (not an organization) that was unknown to the victim. According to Google, malware is being used less than at any point since 2007, but phishing websites have grown by 750 per cent. One in three folks who lost money learned through their financial institution.

When non-cyber assisted fraud is factored in, UK authorities have so far received 253,736 reports totalling £1.2 billion in losses this year. They have issued public warnings of phishing scams conducted over the course of the COVID-19 pandemic, with an increase in fraudulent text and calls to mobile phones, as individuals posing as bank employees, HMRC and even the NHS charging for fake COVID tests and track and trace.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/07/178444-changing-uk-cybercrime-patterns-outlined-in-ppc-shield-report/

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Crowdfunding

Changing UK Cybercrime Patterns Outlined in PPC Shield Report

Published

on

British individuals and businesses have been scammed for £5.7m in losses from just under 15,000 reported cybercrime incidents so far in 2021, research from click fraud prevention firm PPC Shield reveals. Malicious hacking, fraudulent use of social media accounts and email scams are the top methods, accounting for 43 per cent of all reported activity. Malware/viruses, personal hacking and extortion are also common.

The under-40 crowd has reported the most incidents this year with 5,000, suggesting scammers and hackers are predominantly targeting those used to juggling multiple social media accounts, email addresses and banking apps.

While corporate cybercrime only accounts for 10 per cent of reported incidents, the £1.9 million in damages are one-third of the total figure.

The effects take a mental toll. According to ONS data from the Crime Survey for England and Wales (CSEW), 72 per cent of victims said they had been emotionally affected by their experiences, with almost one third indicating a moderate to severe impact –  mostly annoyance and anger. Ten per cent said they experienced anxiety, depression, fear and sleep disruption.

Four out of five offences (81 per cent) were committed by an individual (not an organization) that was unknown to the victim. According to Google, malware is being used less than at any point since 2007, but phishing websites have grown by 750 per cent. One in three folks who lost money learned through their financial institution.

When non-cyber assisted fraud is factored in, UK authorities have so far received 253,736 reports totalling £1.2 billion in losses this year. They have issued public warnings of phishing scams conducted over the course of the COVID-19 pandemic, with an increase in fraudulent text and calls to mobile phones, as individuals posing as bank employees, HMRC and even the NHS charging for fake COVID tests and track and trace.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/07/178444-changing-uk-cybercrime-patterns-outlined-in-ppc-shield-report/

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Philippines based Paymaya, a Mobile Money and Payments Provider, Chooses Iliad Solutions as its Payments Testing Supplier

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Paymaya, the mobile money and payments provider based in the Philippines, has selected Iliad Solutions as its payments testing supplier.

Iliad Solution’s products and services, which are being used by major financial institutions throughout the world, have been developed to help with minimizing the risk when launching new payments tech, which also helps with lowering the costs that are involved in testing. These products also enhance the speed of deploying new systems.

Paymaya has licensed t3:Switch, Iliad Solution’s dynamic test platform, in order to assist in the testing of the interoperability of their services with international payment schemes.

The t3:Portal has been designed to orchestrate and simplify the process of payment testing and certification. Advanced controls may be applied to various projects at every level, with real time data being accessible through dashboard views.

Paymaya is now able to test out complex transactions with global schemes with greater efficiency – tests are fully automated and may run at up to 5000 transactions every second.

Anthony Walton, CEO at Iliad Solutions, stated:

“The Philippines is one of the most dynamic adopters of digital payments in Southeast Asia. It is moving away from cash payments at pace and using state-of-the-art technology and new digital channels to do so. Paymaya is a leader in this space and Iliad are very proud to be helping them remove friction from the complex process of getting new payments initiatives to market through simplified and automated testing.”

Southeast Asia is an important market for Iliad, given the area’s steady adoption of innovative approaches to making payments, which is increasingly being done via mobile apps.

Iliad Solutions’ management also noted that they’re looking forward to working cooperatlvely with Paymaya as it builds out its multi-channel product offering. It is Iliad’s second significant initiative this year in the Philippines and the firm’s management is pleased to bring their expertise and “perhaps more importantly learn, about this exciting market.”

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/07/178429-philippines-based-paymaya-a-mobile-money-and-payments-provider-chooses-iliad-solutions-as-its-payments-testing-supplier/

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Crowdfunding

Philippines based Paymaya, a Mobile Money and Payments Provider, Chooses Iliad Solutions as its Payments Testing Supplier

Published

on

Paymaya, the mobile money and payments provider based in the Philippines, has selected Iliad Solutions as its payments testing supplier.

Iliad Solution’s products and services, which are being used by major financial institutions throughout the world, have been developed to help with minimizing the risk when launching new payments tech, which also helps with lowering the costs that are involved in testing. These products also enhance the speed of deploying new systems.

Paymaya has licensed t3:Switch, Iliad Solution’s dynamic test platform, in order to assist in the testing of the interoperability of their services with international payment schemes.

The t3:Portal has been designed to orchestrate and simplify the process of payment testing and certification. Advanced controls may be applied to various projects at every level, with real time data being accessible through dashboard views.

Paymaya is now able to test out complex transactions with global schemes with greater efficiency – tests are fully automated and may run at up to 5000 transactions every second.

Anthony Walton, CEO at Iliad Solutions, stated:

“The Philippines is one of the most dynamic adopters of digital payments in Southeast Asia. It is moving away from cash payments at pace and using state-of-the-art technology and new digital channels to do so. Paymaya is a leader in this space and Iliad are very proud to be helping them remove friction from the complex process of getting new payments initiatives to market through simplified and automated testing.”

Southeast Asia is an important market for Iliad, given the area’s steady adoption of innovative approaches to making payments, which is increasingly being done via mobile apps.

Iliad Solutions’ management also noted that they’re looking forward to working cooperatlvely with Paymaya as it builds out its multi-channel product offering. It is Iliad’s second significant initiative this year in the Philippines and the firm’s management is pleased to bring their expertise and “perhaps more importantly learn, about this exciting market.”

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.crowdfundinsider.com/2021/07/178429-philippines-based-paymaya-a-mobile-money-and-payments-provider-chooses-iliad-solutions-as-its-payments-testing-supplier/

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