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x15ventures invests $1 million in Identitii subsidiary, Payble

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ASX-listed Australian fintech Identitii Limited announce that the Commonwealth Bank’s venture scaling entity, x15ventures, is investing $1.0 million in Identitii subsidiary, Payble to acquire a minority ownership stake.

In Australia each year, more than 75 million recurring or scheduled bill payments fail or are paid late. Businesses pay a high price to collect missing funds, using expensive call centres to update billing details, request late payments or activate instalment plans.

Payble helps fix failed or late bill payments before they happen, leveraging Identitii’s participation in the Australian Competition and Consumer Commission (ACCC) CDR testing. Payble intends to utilise the new Open Banking regime to help businesses ensure more payments are made on time, and to provide customers with more control over their finances.

Payble represents x15ventures’ first minority equity investment.

Commenting on the announcement, Toby Norton-Smith, Managing Director, x15ventures said, “We’re thrilled to welcome Payble into the x15ventures family. Working closely with the startup community is key to our strategy to build, invest and acquire digital businesses that are reshaping banking and benefiting Australian businesses and consumers.”

Commenting on the announcement, Elliott Donazzan, CEO, Payble, said, “Over 500 million bills are sent to Australian consumers every year and over 75 million of those aren’t paid on time. This is a huge problem for Aussie businesses who spend time and money following up on late payments, fielding calls from customers about their billing details or retrying payments when they fail. Payble set out to fix failed or late payments before they happen and we are thrilled to have x15ventures join us on this journey. I’d like to thank the x15ventures team for their support to date and look forward to working together as we accelerate our go-tomarket strategy.”

Commenting on the announcement, John Rayment, CEO, Identitii, said, “It’s a really exciting time for the Payble team and Identitii is thrilled to be working alongside x15ventures to support their aspirations. We’re very excited x15ventures decided to continue to invest in Payble and congratulate Elliott Donazzan, CEO of Payble, on the progress the company has made in such a short space of time under his leadership.”

x15ventures will be a significant minority shareholder in Payble and has appointed Chris Austin as Director to Payble’s Board, joining Founding Directors John Rayment and Elliott Donazzan. Mr Austin leads CBA’s Business Development Partnerships team, which includes investments by x15ventures. He brings over 15 years of M&A and strategy experience from his time with CBA and UBS. The additional links forged at the Board level will be instrumental in helping bring Payble to market.

Payble was founded by Identitii and Elliott Donazzan. After the x15ventures investment, Identitii will hold 51.3% of the issued capital of Payble Pty Ltd, x15ventures will hold 26.7% and Elliott Donazzan will hold 7.3%. The remaining 14.7% will be issued and allocated as part of employee incentive arrangements.

x15ventures retains a right to invest further at the same valuation to move to a majority ownership position.

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Source: https://australianfintech.com.au/x15ventures-invests-1-million-in-identitii-subsidiary-payble/

Big Data

El sector infomediario: un mercado en auge, según el informe de ASEDIE/mayo2021

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El sector infomediario: un mercado en auge, según el informe de ASEDIE/mayo2021

– El informe anual de ASEDIE revela el notable papel económico del sector infomediario. Un mercado, en auge, que arroja un volumen de ventas de datos cercano a los 2.543 M€ y 126 M€, de beneficio neto en su última edición

– inAtlas, miembro de ASEDIE, posee Geomarketing una herramienta con aplicación práctica en los diferentes sectores económicos que ofrece al mercado soluciones vivas con datos actualizados diariamente y validados por fuentes públicas y privadas de reconocida autoridad.

Nuestra sociedad vive inmersa en datos, una materia prima inagotable de información. Los datos, por sí solos, no sirven, necesitan de análisis y tratamiento para que adquieran un valor económico y social. El sector infomediario tiene por objeto el uso, la reutilización y distribución de datos cuya finalidad es analizar y tratar la información del sector público y/o privado para crear productos de valor añadido destinados a terceras empresas o ciudadanía en general. Este sector fortalece el tejido social y empresarial al incrementar la competitividad y optimizar estrategias a la vez que aporta estabilidad en el crecimiento

empresarial y seguridad jurídica en la sociedad.

ASEDIE (Asociación Multisectorial de la Información) elabora anualmente un informe que analiza la envergadura real y el impacto del sector infomediario en la economía. Esta novena edición (2021) revela que el sector alcanzó un volumen de ventas superior a los 2.543 millones de euros en 2019 y un beneficio neto que rebasó los 126 millones de euros.

En este informe, en cuanto a ventas y empleados, no se constatan las consecuencias de la COVID-19, ya que la información financiera corresponde al ejercicio 2019, al no estar disponible la información referente a 2020 a la finalización del informe.

ASEDIE, a la que pertenece inAtlas, regula mediante normas de compromiso y obligatoriedad la protección de la información y su tratamiento. En España, según el informe 2021, a 31 de marzo de 2019 existían 700 empresas infomediarias, un 8,4% menos que hace un año. De estas, los subsectores de Información Geográfica, Estudios de Mercado y Económico Financiero aglutinan 436 empresas, es decir el 63%.Destaca, especialmente, el sector de la Información Geográfica por sus más de 600 millones de euros de facturación (23,6%), el promedio de ventas por empresa del sector fue superior a los 4 millones de euros (4.302.947,64 €).

inAtlas ha desarrollado la aplicación Geomarketing que gestiona y transforma los datos en conocimiento útil. Garantiza, durante todo el proceso, el análisis y tratamiento adecuado de los datos, su integridad, su confiabilidad, así como la calidad de sus insights. Los resultados obtenidos, a través de la herramienta de Geomarketing, y la utilidad de la información extraída resultan esenciales en la toma de decisiones del ecosistema empresarial al contener un alto valor añadido y generar riqueza. Así lo afirma Silvia Banchini, directora general de inAtlas, “nuestro objetivo es generar conocimiento actualizado a diario, a partir de los datos en su dimensión y distribución territorial para elaborar productos de valor añadido”.

El análisis de los datos geográficos permite extraer conocimiento útil y real para la sociedad en su conjunto. El manejo de los datos, a partir de su explotación inteligente, es fundamental para coadyuvar en el impulso de la actividad empresarial. El año 2020 ha sido un año marcado por el impulso de procesos de digitalización, el incremento en el uso de

los portales de datos abiertos y el aumento de la demanda y apertura de nuevos conjuntos de datos.

A pesar de este impulso, no podemos afirmar aún que exista una verdadera “cultura del dato” al persistir notables impedimentos: baja digitalización, desactualizada o de baja calidad. Unas barreras tradicionales, a las que hay que añadir una más identificada en este 9º informe: la falta de homogeneidad en los distintos formatos en los que están disponibles los datos.

La fiabilidad de las fuentes y veracidad de los datos es otra cuestión sustancial. La seguridad de la información, así como su veracidad y calidad son claves para conseguir un desarrollo comercial expansivo, aumentar la competitividad, efectividad e incrementar los

procesos de crecimiento económico. En el caso de inAtlas, su herramienta Geomarketing ofrece al mercado soluciones vivas, con datos actualizados y validados por fuentes públicas y privadas de reconocida autoridad.

Esta solución da acceso a un censo completo de 4,3 millones de empresas activas en España y Portugal y a perfiles de consumo de una población  residente y flotante (trabajadores y turistas) con datos actualizados continuamente, para encontrar los mejores clientes potenciales y enriquecer la cartera de sus propios clientes.

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Source: https://www.fintechnews.org/el-sector-infomediario-un-mercado-en-auge-segun-el-informe-de-asedie-mayo2021/

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American Google Pay Users Can Now Transfer Money to Singapore Thanks to Wise

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London-based fintech unicorn Wise has announced an integration to bring its platform to Google Pay users allowing the send money abroad within the app from today onwards.

The initial launch will enable Google Pay users in the U.S. to send money to Google Pay users in India and Singapore.

By the end of the year, U.S. Google Pay users will be able to send money to 80 countries through Wise.

For new customers, Wise will make the first transfer free on transfers up to US$ 500 until June 16.

The platform allows banks, businesses and software companies to tap into the Wise network, giving them and their customers access to cheaper, faster international payments, through an integrated customer experience.

The Wise Platform is now used by banks and businesses in over 10 markets.

Harsh Sinha, Chief Technology Officer at Wise

Harsh Sinha

“Providing people with a simple and seamless way to safely send money to friends and family is more important than ever – be it for everyday use or in times of need.

Wise’s mission is money without borders – instant, convenient, transparent, and eventually, free. Through this collaboration, and with the integration of the Wise Platform, Google Pay customers can now send money internationally cheaper, faster, and easier.”

said Harsh Sinha, Chief Technology Officer at Wise.

Josh Woodward, Director of Product Management, Google Pay

Josh Woodward

“Cross-border payments are not just a lifeline for loved ones, they form the financial backbone for many economies.

For many people with families abroad, sending money home is something they do as frequently as every month. By teaming up with Wise, we are providing a way for Google Pay users to send money quickly, safely and reliably from the Google Pay app.”

said Josh Woodward, Director of Product Management, Google Pay.

Featured image: Photo by Matthew Kwong on Unsplash 

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Source: https://fintechnews.sg/51033/remittance/american-google-pay-users-can-now-transfer-money-to-singapore-thanks-to-wise/

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Fintech and retail banking firms urged to get involved in Water Breakthrough Challenge

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Fintech and retail banking firms urged to get involved in Water Breakthrough Challenge

·        The £40 million Water Breakthrough Challenge aims to spark ambitious innovation and enable new approaches and ways of working to address the big challenges facing the water sector. 

·        Entries are now open until Thursday 3 June 2021 with successful partnerships winning up to £10 million to develop and implement their initiatives.   

·        The Breakthrough Challenge is run by Ofwat and Nesta Challenges, supported by Arup, and is the second in a series of competitions funded through Ofwat’s Innovation Fund.  

·        The winners of Ofwat’s first competition – the Innovation in Water Challenge – include projects that turn ammonia in wastewater into green energy and use artificial intelligence (AI) and unexploited telecoms cables to detect leaks in the water network. 

A £40 million innovation competition – the Water Breakthrough Challenge – launches today (Thursday 6 May) to spark ambitious innovation and new ways of working in the water sector – and companies in the fintech and retail banking space are being urged to get involved.   

The Water Breakthrough Challenge aims to equip the water sector to address the big challenges facing the sector, driving far-reaching and long-lasting benefits to customers, society and the environment across England and Wales now and into the future.  It encourages collaborative entries from other sectors and worldwide partners, and aims to fund initiatives which water companies would otherwise have been unable to invest in or explore. 

Entries must demonstrate how solutions help the water sector deliver for customers, society and the environment, such as by achieving net zero, protecting natural ecosystems and reducing the impact of extreme weather, or using open data to improve customer service. 

The winners of Ofwat’s first innovation competition – the £2m Innovation in Water Challenge – were revealed last month and include green initiatives such as planting and restoring seagrass meadows on the Essex and Suffolk coastlines, a scheme to turn ammonia in wastewater into green hydrogen gas, and software that can monitor the degradation of wildlife habitats.

 Other ideas focus on the prevention of leaks in the water network through the use of AI, CCTV, and unexploited optical fiber strands in telecoms networks, as well as using behavioral science to better support vulnerable customers.  

John Russell, Senior Director at Ofwat, said: “Our innovation competitions are now in full swing and we are beginning to see a wave of innovation across the sector. Within the Breakthrough Challenge we are looking forward to seeing continued collaboration outside of the sector from a wide range of industries, and even more cutting-edge projects that tackle the greatest challenges facing our sector, and society as a whole.” 

The Water Breakthrough Challenge is funded through Ofwat’s £200 million Innovation Fund, as part of the regulator’s goal to drive innovation and collaboration in the water sector, supporting it to meet the needs of customers, society and the environment in the years to come. It is being delivered by Ofwat and Nesta Challenges, supported by Arup. 

Arlene Goode, Associate from Arup added: “This is a great opportunity for water companies and project partners. We’re excited to see the transformative projects which can move the water sector towards meeting its long-term ambitions”.  

Entries must be submitted by water companies in England and Wales, but they can enter in partnership with organizations outside the water sector – including in the fintech and retail banking space.

Chris Gorst, Director of Challenges at Nesta Challenges, commented: “The winning innovations from the first Innovation in Water Challenge show that the sector is ready to address the major challenges facing the industry, and society. A new approach is needed, including new ways of working and greater collaboration, but we have already seen the sector can rise to the challenge and deliver ground-breaking initiatives that change the status quo. We are very excited to see the trailblazing projects that the water companies, and their partners, put forward for the latest competition.” 

After a first assessment period following entries received by 3 June, selected entrants will be invited to submit more details from 28 June, with the winners announced in September. Winning entries will receive between £1 million and £10 million to support their initiatives.  

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Source: https://www.fintechnews.org/fintech-and-retail-banking-firms-urged-to-get-involved-in-water-breakthrough-challenge/

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Fintech and retail banking firms urged to get involved in Water Breakthrough Challenge

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Fintech and retail banking firms urged to get involved in Water Breakthrough Challenge

·        The £40 million Water Breakthrough Challenge aims to spark ambitious innovation and enable new approaches and ways of working to address the big challenges facing the water sector. 

·        Entries are now open until Thursday 3 June 2021 with successful partnerships winning up to £10 million to develop and implement their initiatives.   

·        The Breakthrough Challenge is run by Ofwat and Nesta Challenges, supported by Arup, and is the second in a series of competitions funded through Ofwat’s Innovation Fund.  

·        The winners of Ofwat’s first competition – the Innovation in Water Challenge – include projects that turn ammonia in wastewater into green energy and use artificial intelligence (AI) and unexploited telecoms cables to detect leaks in the water network. 

A £40 million innovation competition – the Water Breakthrough Challenge – launches today (Thursday 6 May) to spark ambitious innovation and new ways of working in the water sector – and companies in the fintech and retail banking space are being urged to get involved.   

The Water Breakthrough Challenge aims to equip the water sector to address the big challenges facing the sector, driving far-reaching and long-lasting benefits to customers, society and the environment across England and Wales now and into the future.  It encourages collaborative entries from other sectors and worldwide partners, and aims to fund initiatives which water companies would otherwise have been unable to invest in or explore. 

Entries must demonstrate how solutions help the water sector deliver for customers, society and the environment, such as by achieving net zero, protecting natural ecosystems and reducing the impact of extreme weather, or using open data to improve customer service. 

The winners of Ofwat’s first innovation competition – the £2m Innovation in Water Challenge – were revealed last month and include green initiatives such as planting and restoring seagrass meadows on the Essex and Suffolk coastlines, a scheme to turn ammonia in wastewater into green hydrogen gas, and software that can monitor the degradation of wildlife habitats.

 Other ideas focus on the prevention of leaks in the water network through the use of AI, CCTV, and unexploited optical fiber strands in telecoms networks, as well as using behavioral science to better support vulnerable customers.  

John Russell, Senior Director at Ofwat, said: “Our innovation competitions are now in full swing and we are beginning to see a wave of innovation across the sector. Within the Breakthrough Challenge we are looking forward to seeing continued collaboration outside of the sector from a wide range of industries, and even more cutting-edge projects that tackle the greatest challenges facing our sector, and society as a whole.” 

The Water Breakthrough Challenge is funded through Ofwat’s £200 million Innovation Fund, as part of the regulator’s goal to drive innovation and collaboration in the water sector, supporting it to meet the needs of customers, society and the environment in the years to come. It is being delivered by Ofwat and Nesta Challenges, supported by Arup. 

Arlene Goode, Associate from Arup added: “This is a great opportunity for water companies and project partners. We’re excited to see the transformative projects which can move the water sector towards meeting its long-term ambitions”.  

Entries must be submitted by water companies in England and Wales, but they can enter in partnership with organizations outside the water sector – including in the fintech and retail banking space.

Chris Gorst, Director of Challenges at Nesta Challenges, commented: “The winning innovations from the first Innovation in Water Challenge show that the sector is ready to address the major challenges facing the industry, and society. A new approach is needed, including new ways of working and greater collaboration, but we have already seen the sector can rise to the challenge and deliver ground-breaking initiatives that change the status quo. We are very excited to see the trailblazing projects that the water companies, and their partners, put forward for the latest competition.” 

After a first assessment period following entries received by 3 June, selected entrants will be invited to submit more details from 28 June, with the winners announced in September. Winning entries will receive between £1 million and £10 million to support their initiatives.  

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.fintechnews.org/fintech-and-retail-banking-firms-urged-to-get-involved-in-water-breakthrough-challenge/

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