BITCOIN AND CRYPTO

Bloomberg to Enrich Institutional Cryptocurrency Capabilities with Elwood Technologies

Bloomberg | February 25, 2022

Bloomberg_to_Enrich
Bloomberg and Elwood Technologies announced their strategic integration to enrich institutional cryptocurrency capabilities. The integration will enable clients’ investments using Elwood's market-leading cryptocurrency trading platform—AIM.

The new comprehensive crypto native solution byElwood will deliver deep liquidity and extensive market data. This infrastructure is the gateway for institutional access to digital assets. The integration combinesElwood's institutional cryptocurrency trading capabilities with Bloomberg's data, workflow tools, analytics, and m, monitoring system. These will enable the financial institutions and investment managers on the AIM platform. This platform's unified investment process can capture and manage their crypto investments. It’s also beenElwood will adopt the Financial Instrument Global Identifier (FIGI) for crypto assets as the common identifier for the integration.

We are very pleased to offer Bloomberg AIM clients integrated access to Elwood's market-leading cryptocurrency trading platform. It has always been our goal to provide clients with the cutting-edge capabilities necessary to manage their entire investment portfolio in an integrated manner, and this increasingly includes alternative asset classes such as cryptocurrencies.”

Ian Peckett, Global Head of Buy-Side Product at Bloomberg.

The integration with Elwood represents Bloomberg's 'Buy Side from Every Side' philosophy and commitment. This commitment willallow clients to maintain the complete portfolio perspective for risk and exposure management when investing in innovative and alternative products.

This strategic partnership continues to deliver on our mission of providing access to digital asset markets in a way that institutions expect. We look forward to working closely with Bloomberg to simplify institutional access to the cryptocurrency market. The most important part not to be missed is that the integration is expected to be completed and available for mutual clients of Elwood and Bloomberg AIM in Q2 2022."

James Stickland, CEO of Elwood Technologies.

Spotlight

At Edward Jones, our approach to financial services is different. By living and working in your community, our financial advisors can meet with you personally to discuss investment strategies to help achieve your goals. It is important that you understand the potential benefits, risks, fees and costs of the services we provide.

Spotlight

At Edward Jones, our approach to financial services is different. By living and working in your community, our financial advisors can meet with you personally to discuss investment strategies to help achieve your goals. It is important that you understand the potential benefits, risks, fees and costs of the services we provide.

Related News

BITCOIN AND CRYPTO

Mynt Crypto to Provide Simple, Stable Crypto Payments Platform for Merchants

Data Mynt | March 14, 2022

Data Mynt will provide merchants and retailers with a stable and straightforward way to use crypto payment platforms with the help of using the new crypto payment processing solution. The new processing solution will be a game-changer for them to use cryptocurrency payment for products effortlessly. Data Mynt's payment platform solution is a robust in-store and Cloud-native crypto form of payment option. It will be available for global retailers that are designed for seamless integration. The patent technology of Data Mynt allows a significant opportunity for merchants and enterprises to expand their payment options for their customers and business partners. By doing this, merchants will keep and use more crypto assets significantly for transactions publicly. With all that benefits, the best thing that comes is this solution reduces payment processing costs and eliminates breaches such as crypto price volatility and others. Furthermore, the new payment process also enables customers to pay through blockchain through their mobile crypto wallet. While speaking more on this news. You don't even have to understand crypto to use our payment platform. It's just a classic win-win. Customers like paying with crypto, and businesses like paying customers, plus the lower fees of crypto transactions." Data Mynt CEO Alex Christian. The news was widespread and gained maximum traction from merchants globally. Data Mynt became the most talk-of-the-hour company as one of the leading crypto payment processors in Oakland, California. Its asset, wallet, and blockchain-agnostic solutions will approach merchants through omnichannel. The Data Mynt payment platform is also designed to modernize payment platforms via API implementation, iFrame, and merchant app. These areas will consistently deliver a seamless customer experience.

Read More

PAYMENTS

Esker Launches Esker Pay, a Comprehensive Set of Payment Capabilities and Strategic Fintech Partnerships

Esker | October 06, 2021

Esker, a global cloud platform and leader in AI-driven process automation solutions for finance and customer service functions, today announced the launch of Esker Pay, an extensive set of integrated payment capabilities and strategic Fintech partnerships to help businesses unlock cashflow. Fully integrated with Esker’s Procure-to-Pay and Order-to-Cash solution suites, Esker Pay helps businesses better manage cashflow by eliminating manual, complex, and inefficient processes for both accounts receivable (AR) and accounts payable (AP). Esker Pay’s end-to-end payment automation reinforces sturdy supply chains by providing early payment discounts and supply chain financing options, while also addressing fraud prevention, late fees and negatively impacted cashflow concerns. "The axiom that 'cash is king' has only been reinforced over the last 18 months. When times are tough for many businesses, getting paid and paying suppliers on time can be a tall order,” said Catherine Dupuy-Holdich, Product Manager at Esker. “With Esker Pay we offer the technologies and partnerships to facilitate and expedite payments.” Esker enables companies to achieve true positive-sum growth at a time when business success depends on it by facilitating an ecosystem where companies, customers and suppliers create value together — instead of at each other’s expense. For suppliers, prompt payment from customers results in secured cashflow. And for customers, paying suppliers and maintaining good relationships is key, as onboarding new ones can be costly and risky. Through partnerships with leading Fintech companies like Stripe, Corpay, Wind River Financial, Jack Henry, SisID, Pytheas Capital Advisors, Payroc and SlimPay, Esker Pay offers a range of payment capabilities, including: Domestic and international payments Supplier payment automation Supply chain financing (reverse factoring) Dynamic discounting Integrated payment methods (e.g., cards, direct debits, transfers, etc.) Factoring Early payment discounts Payment information verification “And this is just the beginning,” concluded Jean-Michel Bérard, CEO at Esker. “We will continue to enrich Esker Pay through technology developments and future partnerships to further optimize customer and supplier B2B payments, reduce risk exposure, and improve back-office efficiency.” Esker Pay is immediately available across the globe to all customers and prospects. About Esker Esker is a global cloud platform built to unlock strategic value for finance and customer service professionals, and strengthen collaboration between companies by automating the cash conversion cycle. Esker’s solutions incorporate technologies like Artificial Intelligence (AI) to drive increased productivity, enhanced visibility, reduced fraud risk, and improved collaboration with customers, suppliers and internally. Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin. For more information on Esker and its solutions, visit www.esker.com.

Read More

Temenos’ SaaS Technology Allows FlowBank to Create Hyper-Efficient Cost Model and Offer Online Trading and Banking Services

Business Wire | October 12, 2020

Temenos, the banking software company, today announced that FlowBank has selected Temenos Transact delivered as SaaS to power its new digital bank in Switzerland. Temenos Transact core banking technology will enable FlowBank to rapidly launch and offer a new investing experience to private and institutional investors in Switzerland and internationally. FlowBank has recently secured its banking license in July 2020 and is planning to launch the operations by the end of 2020. The bank aims to meet the needs of both sophisticated and new investors, who wish to manage their banking and investments on their own. The bank addresses this growing market segment by offering a simple, reliable investment experience open to all, using an optimized trading platform underpinned by Temenos Transact. The bank is FINMA-regulated and deposits are guaranteed up to CHF 100,000. With Temenos SaaS, FlowBank will create a hyper-efficient cost model and reduce IT costs, which will enable it to go up against established players by offering online trading and banking services at competitive rates. Using cutting-edge technology, Temenos top-performing banks achieve cost-income ratios of 26.8% twice better than the industry average.

Read More