Aon empowers cat modellers to run any model on its enhanced ELEMENTS 10 platform

Aon | July 12, 2016

CHICAGO (12 July 2016) – Impact Forecasting, Aon Benfield’s catastrophe model development team, has launched ELEMENTS 10 – its complete catastrophe modelling platform to enhance strategic business decisions. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON).As catastrophe modellers play an increasingly strategic role in exploring emerging markets and shaping product opportunities, the ELEMENTS platform enables them to obtain new insights and manage the process from start to finish.

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PAYMENTS

Paysafe and Playtech Form Global Payments Partnership

Paysafe Limited | May 10, 2022

Paysafe (NYSE: PSFE), a leading specialised payments platform, today announces a new global partnership with Playtech (LSE: PTEC), the world’s leading gambling technology company. The new agreement represents the extension of an existing partnership between the two companies into the UK and Europe from the US, where Playtech offers Paysafe’s leading payment solutions to iGaming operator customers through its technology platform. Through a single, global streamlined integration with Paysafe’s API, operators in the UK and Europe will now also be able to leverage Playtech’s iGaming PAM, Information Management Solution (IMS) platform to access a range of Paysafe’s payment solutions, starting with payment acquiring and card processing, with Paysafe’s digital wallet services set to follow. The integration helps to maximise consumer choice by providing players with all the ways they want to pay when betting online. The partnership extension follows Paysafe and Playtech’s successful US integration with betPARX®. Paysafe has powered the gaming operator’s traditional and alternative payment solutions for its iGaming brand Play Gun Lake in Michigan since Q2 2021 and, from Q1 2022, for its betPARX iGaming and sportsbook app for both Pennsylvania and New Jersey. Both founded in the late 1990s, Paysafe and Playtech bring together a combined 40+ years of industry experience and a deep understanding of iGaming regulation across audiences and markets. With a technology-focused heritage, the two companies are focused on driving new innovations which offer the ultimate player experience and are designed to support the growth of partner businesses. Playtech is an exciting global gaming brand committed to offering its operators a frictionless payments experience. We’ve seen great success in the roll-out of our collaboration across multiple US state markets and are delighted to be extending this into the UK and Europe via the same, single technology integration. Bringing together our respective capabilities and deep expertise and understanding of the international iGaming, technology and payments industries represents an incredibly powerful combination, and I am looking forward to helping the Playtech team grow their business further in new European markets.” Paulette Rowe, CEO of Integrated and Ecommerce Solutions at Paysafe. Offering our iGaming partners market-leading technologies that deliver the most seamless and engaging experience to their customers is absolutely central to our strategy at Playtech. Payments plays an important role in delivering the ultimate player journey and requires an experienced team with expert knowledge, which is where Paysafe comes in as the ideal partner for us. We are extremely happy with the progress of our relationship in the US and are truly excited about what we can achieve together in the UK and Europe.” Shimon Akad, Chief Operating Officer at Playtech. About Paysafe Limited Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading specialised payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualised transactional volume of US $120 billion in 2021, and approximately 3,500 employees located in 10+ countries, Paysafe connects businesses and consumers across 100 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. About Paysafe iGaming Paysafe brings over two decades of specialized payments experience supporting the global iGaming and sports-betting sectors and provides operators with a comprehensive suite of traditional and alternative payment methods through a single, streamlined API integration. Paysafe is also a leader in digital and affiliate marketing technology and services for iGaming operators through its Income Access business unit. Since the opening-up of the U.S. iGaming market in May 2018, Paysafe has consistently stated its ambitions to be the payments leader in the fast-growing sector, building on its leadership in Canada and Europe. As of May 9, 2022, the company supports 75% of operators in the country with payments or marketing solutions across 21 jurisdictions. In Canada, Paysafe also has a leading position and partners with the majority of regulated iLottery and gaming brands. About Playtech Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling and financial trading industries with over 7,000 employees across 24 countries. Playtech is the gambling industry's leading technology company delivering business intelligence driven gambling software, services, content and platform technology across the industry’s most popular product verticals, including, casino, live casino, sports betting, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online. Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry’s leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries. Playtech directly owns and operates Snaitech, the leading sports betting and gaming company in online and retail in Italy.

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FINANCIAL MANAGEMENT

PRA Group Announces Refinancing of European Credit Facilities

PRA Group, Inc. | April 05, 2022

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that on April 1, 2022, it completed the refinancing of its European credit facilities. This refinancing includes a new $800 million UK credit facility and an amended and resized $750 million credit facility covering the rest of Europe, excluding the UK. The new UK facility includes a diverse group of both new and existing lenders that participate in both the North American and European credit facilities. Our global bank group has been extremely supportive through the entire process. We are appreciative of the significant commitments from our long-time banking partners and pleased to welcome new members to the bank group. This refinancing provides us with additional flexibility, further diversifies our lending group, and decreases overall borrowing costs. We appreciate the continued partnership and ongoing support from our lenders." Pete Graham, executive vice president and chief financial officer for PRA Group, Inc. About PRA Group, Inc. As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. With thousands of employees worldwide, PRA Group, Inc. companies collaborate with customers to help them resolve their debt.

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FINTECH

Future FinTech and China Foundation of Consumer Protection Begins Trial Operation of Blockchain Technology System

Future FinTech | March 28, 2022

Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that its wholly-owned subsidiary Cloud Chain Network and Technology (Tianjin) Co., Ltd. ("Cloud Chain Network", formerly known as Chain Cloud Mall Network and Technology (Tianjin) Co., Limited) and the Anti-Counterfeiting Committee of the China Foundation of Consumer Protection (the "Anti-Counterfeiting Committee"), began the trial operation of its jointly developed Blockchain Quality and Safety Traceability System. The need for the system is attributable to the '3.15 China Brand Responsibility Plan', which is intended to address b2c abuses as part of China's consumer rights initiative. The Blockchain Quality and Safety Traceability System includes three independent systems as follows: Credit Verification System – an anti-counterfeiting server that is responsible for recording and maintaining the anti-counterfeiting joint signatures of the Anti-Counterfeiting Committee and the enterprises for their products on the blockchain; the Anti-Counterfeiting Committee is responsible for its maintenance and operation. Engagement Protocol Decoder – converts the blockchain based signatures of the Anti-Counterfeiting Committee and the enterprises to QR bar codes for consumers to easily scan for specific products and its manufacturers recorded on the blockchain. The Anti-Counterfeiting Committee and Credit Verification System record and maintain anti-counterfeiting points earned by consumers from the scanning of product bar codes of such enterprises. The point system is a rewards mechanism that incentivizes consumers to participate in the anti-counterfeiting process where points can be redeemed for discounts for future product purchases on FTFT's blockchain-based online chain cloud shopping mall ("CCM"). Cloud Chain Network has developed software to connect bar codes with the blockchain record and is responsible for this operation. Enterprise Communication as a Service or eCAAS – is a service provided by the CCM shopping mall where consumers can redeem their anti-counterfeiting points at the stores of enterprises; Cloud Chain Network is responsible for this operation. Our jointly developed blockchain technology system addresses the requisites of the anti-counterfeiting edicts of the '3.15 China Brand Responsibility Plan' which is to create a transparent and accountable business-to-consumer ecosystem which can help to promote healthy economic growth. A key element of the blockchain security system is that it records signatures of both enterprises and the Anti-Counterfeiting Committee which assures both authenticity and honesty." Mr. Yan Zhi, General Manager of FTFT's Cloud Chain Network. The China Foundation of Consumer Protection was established in November 1989. It is supervised by the State-owned Assets Supervision and the Administration Commission of the State Council of China. Its mission is to protect the interests of consumers and implement its duties as a nonprofit consumer protection agency under the Consumer Protection Law of China. One of its main responsibilities is to support and participate in anti-counterfeiting activities and eliminate dishonest business behavior in the consumer products market. The Anti-Counterfeiting Committee of the China Foundation of Consumer Protection was established in July 2000. It is the first and only organization that is approved by China's Ministry of Civil Affairs that specializes in anti- counterfeiting in China. It focuses on cracking down on fake and shoddy products that harm the rights and interests of consumers. At present, it has established four service divisions which include a social investigation unit, a legal service unit, a news service unit and a commodity inspection unit; these units operate to eradicate counterfeiting in all of China's consumer sectors. About Future FinTech Group Inc. Future FinTech Group Inc. is a leading blockchain e-commerce company and a service provider for financial technology incorporated in Florida. The Company's operations include a blockchain-based online shopping mall platform, Chain Cloud Mall ("CCM"), supply chain financing services and cryptocurrency market data services. The Company is also engaged in the development of blockchain based e-Commerce technology, cryptocurrency mining, cryptocurrency investment management as well as financial service technology businesses.

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PAYMENTS

SAT Introduces New and Effective Measures to Combat Capital Security Issues

SAT | December 30, 2021

SAT creates an electronic cash system that meets the needs of daily life, is of justice and equity, and has a high degree of privacy. As in the digital age, when using fiat for online transactions, people rely more on third-party institutions for transaction confirmation. Perhaps the concept introduced by SAT is not the most novel, but it is the most practical one. Because they believe payment is the most frequent behavior in people's daily life, which is important for everyone's lives. People rely more on third-party institutions for transaction confirmation when using fiat for online transactions in the digital age. The present method is that banks, act as a third party, confirm the transactions, and both parties can confirm the payment through the balance change in their bank account. But there are problems such as customer data leakage, transaction inconvenience, and insecurity if confirming transactions by third parties. On the other hand, SAT uses a decentralized peer-to-peer payment system to combat the aforementioned problems. At the same time, the system also has the characteristics of security and convenience. In the beginning, when Mr. Satoshi designed Bitcoin, it was envisioned as a cryptocurrency that matched real-life applications which could be used in daily life to pay for food, clothing, housing, and transportation. It must also be safe, fast, and highly private with no worries about intervention and personal data leakage from third-party authorities. However, the price of Bitcoin has soared from 0.1 U.S. dollars to thousands of U.S. dollars, causing difficulties in micropayments. Therefore, SAT upholds Satoshi Nakamoto's intention when creating Bitcoin. SAT works as a token of Bitcoin, dividing its market value, thus enabling micropayments, accelerating block generation time, and reducing transaction time. The mission of SAT is to popularize digital currency from exchanges and to become the world's most widely used cryptocurrency. The company thrives on representing a significant step forward in adopting cryptocurrency. In addition, SAT grants control to fund owners rather than relying on the credibility of third-party institutions. Transaction security means that no third party knows the personal information of the counterparty. The cost of counterfeiting is too high. Therefore, the SAT network will be designed to return credibility to users. Each user in a node is a witness, jointly building a transparent, secure, and highly private monetary system. SAT adheres to the spirit of Bitcoin and Satoshi Nakamoto's original intention. It continues using the SHA-256 hash algorithm. On average, as the number of leading 0 bits increases, the amount of work required will increase exponentially, and only one hash operation is required for block verification. Essentially, SAT is almost the same as Bitcoin, with only improvements in supply and block generation speed to meet the needs of a transactional version of Bitcoin. As the originator of crypto-currency, Bitcoin has created a decentralized digital currency with the help of blockchain technology, which is of cross-era significance. However, its price and design make it increasingly meaningful for collection. As for transactions, investors need a token. Thus, SAT coin was created by crypto-enthusiasts. At present, SAT is a new currency. Future planning will focus on developing payment systems, including ATM & POS machines, trading platforms, and mall facilities, on maturing the whole payment ecological chain. In an environment where trust in the authority of third-party institutions is questionable and data may be leaked, SAT, inspired by Bitcoin, has a similar technical basis and mechanism to Bitcoin and will surely lead to a new currency era. SAT will perfectly solve the problems existing in the present monetary payment structure with the decentralized and peer-to-peer transfer. Due to the pandemic, people's payment habits will also shift to contactless payments. For SAT, this is a great opportunity for promotion, while the price of SAT is hovering between 0. 0012 and 0. 0013 at present. With the promotion and application scenario expansion in the next five years, its value will increase and increase the price. For cryptocurrency investors looking for currencies with strong appreciation potential, SAT will undoubtedly be the right choice. About SAT It is an emerging crypto platform with the smallest divided unit of Bitcoin. SAT can be called "the son of Bitcoin," It is optimized with the blockchain generation speed to meet daily life transaction requirements. The SAT network is open to everyone. Regardless of where deter-mined investors are in the world, they are welcome to join the team in building a blooming and truly digital economy.

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