Connect with us

Crowdfunding

UK Finance, Which?, City of London Police Sign Letter Asking Government to Add Online Scams to “Online Safety” Bill

Published

on

UK Finance (a trade association for the UK banking and financial services sector that represents around 300 firms in the UK providing credit, banking, markets and payment-related services), Which? (an organization that reviews products and services, so that you “make the best purchase decisions” for your requirements) and City of London Police are among several other organizations that have signed a letter asking the UK government to add online or Internet scams to its latest “Online Safety” bill.

The new “Online Safety” bill will require companies  – through the threat of huge fines – to enhance Internet safety in key areas like terrorist content, child sex abuse, hate crimes, cyber-bullying and the circulation of fake or misleading news updates.

But financial fraud has not been added to the bill – which may be announced in the upcoming Queen’s Speech – leading 17 organizations (representing civil society and business) to ask the Home Secretary Priti Patel and Digital Secretary Oliver Dowden to include online scams on the list.

As stated in the letter:

“Online platforms play a pivotal role in enabling criminals to reach and defraud internet users through the hosting, promotion and targeting of fake and fraudulent content on their sites, including adverts that they make significant profits from. Yet platforms have very little legal responsibility for protecting their users, despite often being the best placed to tackle harmful content.”

The letter has now been signed by the Money and Mental Health Policy Institute, Carnegie UK Trust, PIMFA, MoneySavingExpert and Age UK, among several other organizations.

The letter also states:

“We believe that fake and fraudulent content that leads to scams must be included in scope of the proposed Online Safety Bill. This would require online platforms to identify, remove and prevent fake and fraudulent content from being hosted on their sites, putting in place incentives for platforms to work together with the telecoms, banking and finance sectors to tackle economic crime.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/05/175061-uk-finance-which-city-of-london-police-sign-letter-asking-government-to-add-online-scams-to-online-safety-bill/

Crowdfunding

UK’s Invoice Financing Platform MarketFinance Shares how they Helped Bantham Technologies Access Affordable Financing

Published

on

UK-based MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, notes that at their company, the whole team connects every week for their (presently virtual) Townhall.

But now that COVID-related restrictions are gradually easing and businesses can “take stock” of this past year, they’ve invited a client along to talk to their Chief Executive, Anil Stocker. These discussions are a good opportunity for everyone in their business to gain an understanding of the challenges and opportunities that SMEs in the UK are currently facing, the MarketFinance team writes in a blog post.

Edward Belgeonne, CEO and Founder at Bantham Technologies, recently shared key insights with the MarketFinance team. He’s got his fifth start-up business “successfully in full swing,” and brings experience by the “bucket load.”

Bantham Technologies is a Cloud-powered platform that focuses on digitizing data capture – which means that they can assist businesses with sending and sharing information “from anywhere digitally, in real-time and securely.” Their tech helps clients enhance the overall efficiency of their operations, including “reducing time consuming and environmentally unfriendly paperwork.”

The company says it’s able to give valuable time back to clients and it’s also helping them be “more sustainable.”

Edward refers to this as “Environomics,” the MarketFinance team notes while adding that clients that have people working out in the real world, such as engineers or healthcare workers, see a great benefit.

On behalf of their clients, Bantham Technologies handles more than 1 million e-Forms each year. Each e-Form “equates to around five A4 pages that used to be hand delivered back at the office,” the MarketFinance blog post adds while pointing out that Bantham Technologies completely  digitized the process, which meant they “saved 5m pages of A4 paper that in turn saves 50m litres of water (the paper manufacturing process uses 10 litres of water per A4 page) coupling the carbon saving of 4g per page from this process and the carbon saving gained in fuel reduction, as field-based staff no longer had to travel back to the office, this provides a total carbon saving of around 6000 tonnes of carbon a year.”

As noted by MarketFinance, when the Coronavirus crisis began, the team  at Bantham decided to “pivot.” With movement controlled, their digitized tech came in “especially useful.” They reportedly decided to “advance this further by developing Bantham Radar which involves applying AI to the data they collect and share.” This lets companies analyze their own user base and “work patterns, meaning that informed improvements can be made to streamline operations.”

As noted in the blog post, with the NHS it soon “became clear that the full benefit of Bantham Radar went even further.”

Edward added:

“It was designed originally to identify patient trends. Now it’s a backlog buster.”

Edward told MarketFinance that some NHS Trusts would take around 5 years “to get on top of the backlog of patient records because their human resources are thin.” However, Bantham Radar is showing them how they can “make a significant dent through automation, freeing up valuable time for clinicians and nurses.”

Edward told MarketFinance that, as a new business owner or entrepreneur, “you’re always thinking about if you’ve got enough cash to pay salaries and cover other outgoings.” Like any entrepreneur or business manager would know, when you are just starting out you need “a lot of cash quickly to support your initial growth,” so Edward had to “make a decision between debt and equity to get things moving.”

In the past, Edward revealed that he had chosen the investment (or equity) route. For him, when  you give over shares to investors, “the business becomes about entertaining 30 or 40 people in boardrooms.” This time he “wanted to fuel the business engine in a different way to stay in control.”

At first, he used his own funds. He revealed that he was “light of foot, not carrying baggage,” and then when “it was time for a new cash injection, he went to his bank.”

It’s not really surprising to a small business owner to learn that his lender “didn’t exactly come to the rescue when the business needed cash.” Edward shared that “if you have piles of cash in a space that’s not threatened in any way, they’re delighted to offer you money when you don’t need it.”

Edward then explored various alternative finance options through a broker because he was “willing to consider a higher cost to get things done.”

He revealed that his firm reached a point where they “wanted to switch the lights on fast” – and that kind of step up needs substantial working capital.

As explained by the MarketFinance team:

“Having both a loan and an invoice finance facility from MarketFinance gives him the confidence to keep pursuing growth and progress. This access to cash allowed Bantham Technologies to get ahead with their remote software.”

MarketFinance claims that Edward is a fan of their funding solutions because “there are real people behind the tech.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176743-uks-invoice-financing-platform-marketfinance-shares-how-they-helped-bantham-technologies-access-affordable-financing/

Continue Reading

Crowdfunding

Swedish Firms Collaborating on Green Crytpo

Published

on

Goobit Group and Xpecunia Nordic are collaborating on “green” cryptocurrency. The deal gives Goobit exclusivity to sell Xpecunia Nordic-produced crypto across the Nordic countries. Those coins are produced with green energy like solar and will be available on Goobit’s BTCX exchange.

“BTCX is Sweden’s oldest exchange for cryptocurrencies and thanks to a close collaboration with Xpecunia, we can now offer customers guaranteed green crypto assets,” says Pär Helgosson, CEO of Goobit.

Xpecunia utilizes solar panels close to its mining facilities in a process it says does not generate direct carbon emissions

“In the next step, BTCX will introduce a framework and a methodology for certification of crypto mining where the producers need to meet a number of criteria in order to be certified,” Helgosson added. “It also allows buyers of cryptocurrencies to be sure of its origin.”

The local climate offers solid wind, water and solar mining capability, the company believes. The surplus energy not required to run facilities can be allotted to crypto mining.

“The creation of cryptocurrencies has so far been a form of arbitrage of electricity,” says Daniel Moström, CEO of Xpecunia. “Now we are changing the equation completely. Xpecunia has a solution which eliminates the environmental problem, lowers electricity costs radically and dramatically increases profitability.”

BTCX will also soon report what share of crypto sales are green, the company hopes. The goal is to increase sustainably produced crypto available on its platform.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176774-swedish-firms-collaborating-on-green-crytpo/

Continue Reading

Crowdfunding

Persistence Makes Testnet Public, Launches Bug Bounty Program

Published

on

Persistence, has opened its testnet to the public. It allows anyone to test pSTAKE’s liquid staking services, with test tokens initially available to users in the public alpha.

They have also started its bug bounty program, an incentivized program of testing where participants will be rewarded for debugging and bootstrapping the network. A pool of tokens will be benchmarked for participants in the program, with a value of $25,000.

pSTAKE is a liquid staking solution unlocking the true potential of PoS tokens by utilizing the liquidity of staked assets. Token holders of pSTAKE supported PoS networks can mint 1:1 pegged ERC-20-staked representative tokens for their native PoS assets, which can then be utilized within the existing Ethereum DeFi ecosystem to generate additional yield.  Support for such PoS networks as Cosmos, Solana Polkadot, and Ethereum 2.0 are coming in the next few months..

“Currently over $100 billion worth of crypto assets are staked on PoS networks, with that figure expected to rise significantly,” Persistence founder and CEO Tushar Aggarwal said. “As interest in liquid staking accelerates, its potential growth is drawing parallels to DeFi, which exploded from a nascent industry to having over $60 billion in value locked across networks. pSTAKE provides a comprehensive solution for unlocking the liquidity of staked assets and bridging the gap between staking and decentralized finance. Opening the pSTAKE testnet to the public is a significant step towards our vision of a seamlessly integrated staking and DeFi economy, and build a strong and resilient foundation for the mainnet launch of pSTAKE due to take place later this quarter.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176772-persistence-makes-testnet-public-launches-bug-bounty-program/

Continue Reading

Crowdfunding

Visa Confirms Appointment of Dr. Saeeda Jaffar As Group Country Manager, SVP for GCC Region

Published

on

Visa (NYSE: V) has confirmed the appointment of Dr. Saeeda Jaffar as Group Country Manager, and SVP for its operations across the Gulf Cooperation Council (GCC) region.

Dr. Jaffar will reportedly be joining the digital payments leader to manage and oversee its presence in six different countries. She’ll be working out of Visa’s Dubai office.

In her new senior management role, Dr. Jaffar will be reporting directly to Andrew Torre, Regional President for the Central Europe, Middle East & Africa (CEMEA) region. She’ll officially be a part of the CEMEA Leadership Team.

Dr. Jaffar has joined the Visa team with extensive financial services and payments experience. She has spent several years as Managing Director for the Middle East at Alvarez & Marsal. She previously held key leadership roles in the Middle East for Bain & Company and McKinsey & Company, working cooperatively with private and public sector customers.

Dr. Jaffar possesses a Bachelor of Science in Biomedical Engineering from Boston University, and a Masters of Science and a Doctorate in Chemical Engineering from Massachusetts Institute of Technology (MIT). She earned these qualifications through the HH Sheikh Mohammed bin Rashid Al Maktoum EDAAD Scholarship.

Dr Saeeda Jaffar stated:

“The past year has brought tremendous change to commerce in the Middle East with consumers and merchants shifting to digital with greater speed and urgency. As we continue the path towards recovery, Visa’s mission to help individuals, businesses and economies to thrive is more important than ever. With digitization high on the regional government agenda, I am looking forward to further helping establish Visa as a partner of choice, while unlocking growth opportunities for new and existing clients and partners across the GCC.”

As covered recently, M2P Solutions, the API Infrastructure firm that launched operations earlier in 2021 with Abu Dhabi as one of its headquarters, has received its Visa Ready-certification which should help the company with working cooperatively with banks that are based in the MENA region. The company will be able to offer innovative payment solutions via the Visa network

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176756-visa-confirms-appointment-of-dr-saeeda-jaffar-as-group-country-manager-svp-for-gcc-region/

Continue Reading
Esports1 day ago

World of Warcraft 9.1 Release Date: When is it?

Aviation5 days ago

Delta Air Lines Flight Diverts To Oklahoma Over Unruly Off-Duty Flight Attendant

Aviation4 days ago

Spirit Airlines Just Made The Best Argument For Lifting LaGuardia’s Perimeter Rule

Esports3 days ago

Clash of Clans June 2021 Update patch notes

Blockchain4 days ago

Africa Leading Bitcoin P2P Trading Volume Growth in 2021

Aviation4 days ago

Boeing 727 Set To Be Turned Into Luxury Hotel Experience

Gaming4 days ago

Forza Horizon 5 Announced, Launches November 9

Big Data3 days ago

In El Salvador’s bitcoin beach town, digital divide slows uptake

Blockchain5 days ago

Ripple price analysis: Ripple retests $0.80 support, prepares to push higher? 

HRTech3 days ago

Pre-Owned Luxury Car dealer Luxury Ride to add 80 Employees across functions to boost growth

Blockchain5 days ago

Binance Is Launching a Decentralized NFT Platform

Blockchain3 days ago

Since It Adopted Bitcoin As Legal Tender, The World Is Looking At El Salvador

Blockchain5 days ago

Digital turns physical: Top NFT galleries to visit in-person in 2021

Blockchain5 days ago

Dogecoin Breaches More Demand Zones as Sellers Threaten To Short Further

Blockchain2 days ago

Former PayPal Employees Launch Cross-Border Payment System

Energy2 days ago

XCMG dostarcza ponad 100 sztuk żurawi dostosowanych do regionu geograficznego dla międzynarodowych klientów

Aviation4 days ago

Delta Air Lines Airbus A320 Returns To Minneapolis After Multiple Issues

Blockchain5 days ago

DeFi Deep Dive — Avalanche, DeFi in Under a Second

Blockchain5 days ago

Litecoin price analysis: Litecoin price ready to challenge the $160 mark despite bearish pressure

Gaming4 days ago

Her Story Creator’s Next Game is Immortality, Releases in 2022

Trending