Canoe Financial Launches New Defensive Global Balanced Solution With Enhanced Risk Management

Canoe Financial | April 13, 2020

Canoe Financial LP today announced the launch of Canoe Defensive Global Balanced Fund, an actively managed solution that will offer investors innovative and proven downside protection while maintaining the ability to generate returns in up markets. The Fund will include investment strategies managed by three award-winning portfolio management teams: Canoe Financial, Fiera Capital Corporation, and Aegon USA Investment Management, LLC. “Canoe Defensive Global Balanced Fund will have the capability to protect against stock market volatility beyond the traditional balanced funds in the industry,” said Darcy Hulston, President and CEO of Canoe Financial. Nadim Rizk and the Global Equity Team from Fiera Capital will manage the equity allocation of the portfolio.  It will include the proprietary Risk Management Overlay Strategy of Fiera Capital’s Systematic Investment Strategies (SIS) team, which provides enhanced protection against market volatility. Through the use of a hedging strategy, it can reduce the Fund’s equity market exposure quickly and to levels lower than other traditional neutral balanced funds without the need for asset class rebalancing.

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Brian Palmer, FMAAT and AAT Past President talks through what accountants mean by Goodwill. From 2015 the way we calculate Goodwill is changing under the International Financial Reporting Standards (IFRS). Accountants will have to quantify Goodwill every year.


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PAYMENTS

Mollie partners with Chargebee to deliver effortless subscription payments

Mollie | January 28, 2022

Mollie, one of the fastest growing payment service providers in Europe, today announced its partnership with subscription management platform Chargebee to help drive growth for its customers. The integration with Chargebee simplifies subscription billing for merchants, providing an easy-to-install, out-of-the-box subscription management platform that offers all leading European payment methods, including iDEAL, SEPA Direct Debit, and credit cards. It also offers local, multilingual support – vital to Mollie's customers operating throughout Europe. We want to make payments effortless for everyone, so we're thrilled to partner with Chargebee to provide the best-in-class subscription management and billing capabilities to empower businesses to grow. Together, our seamless integration will offer entrepreneurs the tools they need to easily start and scale up their subscription-based businesses. We're looking forward to working with Chargebee to drive growth for our customers." Shane Happach, CEO at Mollie Consumer behavior is changing quickly, with online purchases and subscription payments witnessing continuous growth in the past few years. For many start-ups and small businesses, the subscription-billing process allows them to scale rapidly, opening up new revenue streams. It also empowers businesses of all sizes to optimise their growth potential through recurring payments rather than one-time sales, increasing customer loyalty. "We are excited to team up with a leading payment service provider like Mollie to offer an all-in-one subscription management and billing solution to manage payments, service and support on a global scale," said Eric Chan, Head of Global Partnerships at Chargebee. "The integration empowers our merchants to accept leading European payment methods to drive sales and grow their subscription business in multiple geographies." Chargebee's new integration with Mollie provides an advanced subscriptions solution for Mollie's customers and helps to solve EU-VAT tax and invoicing compliance automation for EU-based subscription businesses. The partnership will drive growth for Mollie's SME customers, allowing them to focus more of their resources on product development, shortening their time to market. It will also help SMEs to scale up with metrics available for how they run, invest in, and value their business as it grows. "Right now, what both consumers and merchants value most are speed and flexibility. By partnering with Mollie, we are excited to offer customers the ability to get started almost instantly and to grow and scale across borders and product lines," added Krish Subramanian, CEO of Chargebee. About Chargebee Chargebee is the subscription management platform that automates revenue operations of over 4,000 subscription-based businesses from startups to enterprises. The SaaS platform helps subscription businesses across verticals, including SeaS, eCommerce, e-learning, IoT, Publications, and more, manage and grow revenue by automating subscription, billing, invoicing, payments, and revenue recognition operations and provides key metrics, reports, and business insights. Founded in 2011, Chargebee counts businesses, like Okta, Freshworks, Calendly, and Study.com amongst its global customer base. Learn more about Chargebee at www.chargebee.com. About Mollie Mollie is a pioneer in the payments industry and one of Europe's fastest-growing payment service providers (PSP). Founded in 2004, the firm facilitates companies of all sizes to scale and grow with an easy-to-use payments API that offers multiple payment methods. Mollie's mission is to simplify complex financial services to become the world's most loved PSP.

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FINANCIAL MANAGEMENT

VOYAGER DIGITAL BECOMES THE OFFICIAL CRYPTOCURRENCY BROKERAGE PARTNER OF THE NATIONAL WOMEN’S SOCCER LEAGUE

bestinvestmentsnow | December 15, 2021

Voyager Digital Ltd. (“Voyager” or the “Firm”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of many fastest-growing, publicly traded cryptocurrency platforms in the USA, as we speak introduced a multi-year settlement with The Nationwide Ladies’s Soccer League, making Voyager the NWSL’s first-ever cryptocurrency brokerage companion, additional extending the league’s world advertising attain, and offering gamers with direct monetary assist, crypto training and rewards. “We’re extraordinarily proud to companion with the NWSL, particularly to assist the league develop and supply its gamers with crypto training and direct monetary assist, paid in crypto,” stated Steve Ehrlich, CEO, and co-founder of Voyager. “We imagine strongly in the way forward for these gamers and this league, and we won’t wait to get began.”

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PAYMENTS

OwlPay Partners with Nium to Launch Global B2B Cross-Border Payment Service

OwlTing Group | May 11, 2022

OwlTing Group, a global blockchain services company, today announced a partnership with Nium, the global platform for modern money movement, to power OwlPay, OwlTing's new real-time cross-border payments service for e-commerce and travel platforms in Southeast Asia. OwlPay provides a one-stop financial services integration service for global B2B transactions. The new service covers automatic reconciliation, online currency swaps, and cross-border payment services, to streamline traditional payment processes and significantly enhance operational efficiency for enterprises. Using developer-friendly APIs, OwlPay connects to business' internal management systems and provides a one-stop service for the administration of orders and providers, financial reconciliation, online audit, and payment process automation. In addition, Nium's competitive exchange rate, extensive settlement network, and support of more than 100 currencies with online currency exchange adds a unique advantage for businesses to complete real-time international remittance on the web interface. We are optimistic about the benefits OwlPay brings to global enterprises, cross-border e-commerce platforms, as well as online travel agencies (OTAs) offering various products and services. OwlPay's partnership with Nium provides a new B2B payment experience. OwlPay not only allows enterprises to integrate cash flow and information flow, but helps them achieve operational excellence without the need to build an internal payment infrastructure that costs extra time and effort. It is estimated that OwlPay can save up to 50% labor cost for the financial team, Currently, the average cross-border remittance fee falls between 25 to 30 USD per transaction, while OwlPay charges lower than 10 USD with same-day settlement. Payees can receive full payments even for a small amount, which makes OwlPay a faster and cheaper payment solution tailored to the needs of global enterprises. In addition, OwlPay supports six currencies for deposit, and the funds can be directly exchanged to local currency for payouts. By depositing funds to designated accounts in Singapore or Hong Kong in advance, enterprises can leverage OwlPay's worldwide network and payout to global vendors in just a few clicks. Singapore- and Hong Kong-based enterprises can even enjoy further cost reduction through domestic deposits and experience OwlPay's powerful services instantly." Una Peng, Senior Manager of OwlPay. OwlTing will first target Southeast Asia, where the digital economy is fast growing. As pointed out in the Southeast Asia Digital Economy Trend Report released by Google, Temasek Holdings, and Bain & Company, the Internet penetration rate in Southeast Asia in 2021 was up to 75%. The Gross Merchandise Volume (GMV) of the internet economy was up to 174 billion USD, and it is expected to reach 363 billion USD in 2025. As a leading blockchain company, we're actively looking for global partners to make B2B payments faster and cheaper. We are very pleased to cooperate with Nium to grow from domestic financial services to multi-currency, cross-border payments services. OwlPay's services will expand from Asia to North and South America, and Europe. With OwlPay, we aim to help global enterprises enhance operational and capital arrangement efficiency with a new type of payment and send real-time remittances to other countries with ease. We plan to introduce stablecoins and various settlement networks to explore the infinite possibilities of financial innovation and digital payment development." Darren Wang, Founder and CEO of OwlTing Group. About OwlTing Blockchain Payment Service – OwlPay OwlPay provides a one-stop integration payment service for global enterprises. Through developer-friendly APIs, OwlPay integrates functions including reconciliation, mass transfers, auto payouts to innovate B2B cross-border transactions for real-time settlement and clearance. OwlPay charges lower than 10 USD per transaction with same-day settlement, which makes OwlPay a faster and cheaper payment solution tailored to the needs of global enterprises. OwlPay aims to create a new FinTech experience to help enterprises enhance operational efficiency and save labor cost. About OwlTing Group Founded in 2010, OwlTing Group covers B2B, B2B2C, and B2C services. As a Taiwan-based company, OwlTing has branch offices in the US, Japan, Thailand, Malaysia, Hong Kong, and Singapore, and seeks to expand globally. In 2018, OwlTing announced an eight-figure USD investment from Japanese financial giant SBI Group. In recent years, OwlTing has formed partnerships with government, industry, and academia globally and applied the blockchain technology to the medical industry, automotive industry, defense industry, food industry, forestry, agriculture, etc. OwlTing aims to build blockchain services for various industries.

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CORE BANKING

Park National Bank Selects Predict360 Integrated Risk and Compliance Management Platform

360factors, Inc. | April 11, 2022

360factors, Inc. announced today that Park National Bank, a bank with $10B in assets headquartered in Newark, Ohio, selected 360factors' Predict360 risk and compliance intelligence platform to enhance its enterprise risk management program and streamline quarterly certifications and attestations for Sarbanes-Oxley. The bank will deploy 360factors' Predict360 solution suite, an artificial intelligence (AI)-powered platform that vertically integrates risks and controls, regulations and requirements, KRIs with risk insights, audit and examinations, policies and procedures, and more in a unified, cloud-based system. Predict360's SaaS architecture and modern technologies deliver predictive analytics, data insights for predicting risks and streamlined compliance. 360factors is especially thrilled to welcome Park National Bank to the 360factors family, Predict360 is ideal for growing financial organizations that require cost-effective, intuitive solutions that are easy to deploy and scalable." Carl L. McCauley, CEO for 360factors. As a risk and compliance solutions leader within the banking and financial services industries, 360factors continues to develop relationships with banks and financial services institutions seeking to remove inefficiencies while elevating their risk and compliance management programs. About 360factors, Inc. 360factors empowers organizations to accelerate profitability, innovation and productivity by predicting risks and streamlining compliance. Predict360, its flagship software product, is a Risk and Compliance Intelligence Platform augmented with A.I. technology to predict and mitigate risks while streamlining compliance. Predict360 integrates regulations and obligations, compliance management, risks and controls, audits and assessments, policies and procedures, and training in a cloud-based SaaS platform to provide predictive risk analytics and streamline compliance. 360factors is the endorsed solution provider for risk and compliance management by the American Bankers Association (ABA). About Park National Bank Headquartered in Newark, Ohio, Park National Corporation had $9.6 billion in total assets (as of December 31, 2021). Founded in 1908, it offers a full range of financial services in Ohio, Kentucky, and the Carolinas. The bank consistently earns high marks and awards for its service, community leadership, and financial performance.

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Spotlight

Brian Palmer, FMAAT and AAT Past President talks through what accountants mean by Goodwill. From 2015 the way we calculate Goodwill is changing under the International Financial Reporting Standards (IFRS). Accountants will have to quantify Goodwill every year.

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