INVESTMENTS

A New Partnership: Kasta and Ralph Boschungto Bring Formula Racing and Digital Currencies Together

Kasta | February 21, 2022

A_New_Partnership
Kasta and Ralph Boschung announced bringing the brand to formula racing as part of the company's scaleup strategy. Kasta is the next-generation Peer-to-peer (P2P) payment platform, and Ralph is a member of the Campos Racing team and winner of the GP3 Series. In addition, Ralph is a big supporter of crypto adoption and an early believer in the Kasta team.

Kasta is building an app for users to make it easier for users to make crypto payments in their daily lives. The application is likely to launch in the second quarter of this year. The project is going to promote the mass adoption of cryptocurrencies. The adoption would occur, simplifying sending and receiving assets—the $Kasta token powers the Kasta Ecosystem.

On this, Ralph Boschung F2 Driver says, "I'm thrilled to admit Kasta as a sponsor for my Formula 2 world championship season in 2022. Formula 2 is about speed, innovation, and technology; I genuinely believe that Kasta and Formula 2 merges on this aspect and make the partnership very fruitful.

When Kasta CEO Carl Roegind first approached about the fantastic partnership, he rejected the offer in FIAT as he couldn’t justify the expense. But, later, he was pleasingly surprised when he accepted the offer.

F2 has a global community and is the perfect event for us to be involved with. It exposes Kasta to a large audience worldwide that values technology and performance. The opportunity also means our team will be on the ground at races this year, showing off and onboarding users; the exposure will be amazing. More to Ralph, I have known him for some time, and he will be a great ambassador for the brand. I wish him well on track this year, and I am sure the whole team will join me in cheering him on every race."

Carl Roegind Kasta CEO

According to the partnership, the Kasta team will be attending Formula 2 and Formula 1 racing events to present the Kasta app and onboard fans this year. F2 is a fantastic sport for Kasta. It can align itself with the growing worldwide crypto community. Kasta branding will be showcased on the cars driven by Ralph Boschung the entire year. It will help Kasta advance its momentum and popularity in the future.
The team at Kasta is excited about the sponsorship. The deal was enabled by Carl Roegind, who is working thoroughly to execute a smooth operation for all parties and individuals involved.

Spotlight

Just like all financial products, Indexed UL has both advantages and drawbacks. IUL marketing materials are quick to point out that Indexed UL offers upside linked to the equity markets without the risk of having negative policy credits during an equity market swoon, but that’s only half the story. Every Universal Life policy has annual policy charge deductions that can partially or wholly offset interest credits. In other words, talking about credits without talking about charges is like showing only the benefits column of a cost/benefit analysis. Policy charges are just as much real deductions from the policy account value as policy credits are additions. As a result, looking at both elements is essential when considering Indexed UL for your client. So how efficient are policy charges in Indexed UL relative to other life insurance products? MetLife Promise Whole Life Select 10 provides a fair comparison point.

Spotlight

Just like all financial products, Indexed UL has both advantages and drawbacks. IUL marketing materials are quick to point out that Indexed UL offers upside linked to the equity markets without the risk of having negative policy credits during an equity market swoon, but that’s only half the story. Every Universal Life policy has annual policy charge deductions that can partially or wholly offset interest credits. In other words, talking about credits without talking about charges is like showing only the benefits column of a cost/benefit analysis. Policy charges are just as much real deductions from the policy account value as policy credits are additions. As a result, looking at both elements is essential when considering Indexed UL for your client. So how efficient are policy charges in Indexed UL relative to other life insurance products? MetLife Promise Whole Life Select 10 provides a fair comparison point.

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S&P Global Market Intelligence launches the Onboarding Accelerator Tool to Securities Finance clients enhancing efficiency

S&P Global Market Intelligence | September 15, 2022

S&P Global Market Intelligence, a division of S&P Global and provider of information services and solutions to the global markets, has integrated the Onboarding Accelerator tool into its Securities Finance platform. The automated solution is designed to overcome the inefficiencies of the legacy, manual process, currently faced by borrowers and lenders when onboarding new lenders and accounts. The new tool will automate the process, allowing for improved transparency and efficiency. "The legacy onboarding processes tends to rely on spreadsheets, emails, and phone calls with risks of human errors, miscommunication, and delays. The new automated onboarding solution will greatly enhance efficiencies and improve client experience by allowing users to exchange, view and update documents whilst monitoring the status of the process from initiation through to execution seamlessly." -Kabin George, Global Head of Securities Finance Product Management, S&P Global Market Intelligence The tool offers several innovative features, including improved controls and standards and advanced portfolio assessment reports that identifies potential lending revenues and asset qualities in a portfolio. The Portfolio Assessment Report (PAR), a key feature, will allow front office and business management functions to evaluate portfolios and select accounts for prioritisation. The PAR is a unique interactive product offering which places S&P Global Market Intelligence's Securities Finance data into an easily accessible format providing key information on a portfolio's composition and potential value. At a functional level the onboarding tool will enable users to specify documentation requirements, request additional data and raise questions all within the platform, submit to multiple brokers with the ability to mask any critical account information from specific front office functions and backfill historical accounts to acquire one single source copy of all accounts. About S&P Global Market Intelligence At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction. S&P Global Market Intelligence is a division of S&P Global. S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today.

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CORE BANKING,FINANCIAL MANAGEMENT

FinTech Automation Partners with Mastercard for Open Banking

FinTech Automation and Mastercard | August 08, 2022

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FINTECH

Pyramid Federal Credit Union Partners with Asa to Modernize the Member Experience

Asa | July 27, 2022

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