Edward Jones Named One of the 2020 Best Workplaces for Millennials by Great Place to Work and FORTUNE

Edward Jones | August 06, 2020

Financial-services firm Edward Jones was recognized as one of the Best Workplaces for Millennials by Great Place to Work® and FORTUNE magazine. The privately held firm ranked No. 2 overall, in its fourth appearance on the list. The ranking considered feedback representing more than 4.9 million employees working at Great Place to Work-Certified organizations. Great Place to Work, a global people analytics and consulting firm, evaluated more than 60 elements of team members’ experience on the job.  Eighty-five percent of the evaluation is based on what millennials say about their experiences of trust and reaching their full human potential as part of their organization, no matter who they are or what they do. Great Place to Work analyzes survey feedback relative to each organization’s size, workforce make up, and what’s typical relative to their peers in the industry.  The remaining 15 percent of the ranking is based on an assessment of millennials’ daily experiences of innovation, the company’s values, and the effectiveness of their leaders, to ensure they’re consistently experienced.

Spotlight

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FINANCIAL MANAGEMENT

LevelField Financial Selects METACO to Launch Digital Asset Management Capabilities on IBM Cloud

METACO | May 27, 2022

LevelField Financial, the premier U.S. financial services firm uniting digital assets and traditional banking services in one trusted platform has selected METACO, the market-leading provider of digital asset custody orchestration technology to complex, global financial institutions. LevelField is deploying its institutional digital asset management operations on IBM Cloud in order to leverage the confidential computing capabilities of IBM's digital asset infrastructure. Founded by banking executives with decades of global experience, LevelField is in the process of acquiring a federally chartered bank in the United States. To launch its digital asset offering, LevelField will use METACO's digital asset custody and orchestration platform, Harmonize, helping enable clients to securely store, trade, and settle digital assets. Harmonize was built in partnership with Tier 1 banks and offers the highest standards of security and compliance for LevelField to operate in the digital assets sector. This foundational infrastructure provides LevelField with the option to further expand its digital asset offering in the future, in a highly-scalable and efficient manner. LevelField will deploy Harmonize, which is supported by IBM Cloud Hyper Protect Services¹. This setup will allow LevelField to scale to millions of wallets, while maintaining control over private keys for risk management. IBM's Digital Asset Infrastructure is designed to help custodians achieve greater results when using METACO's Harmonize platform, including enhanced scalability, security, and compliance. IBM Cloud Hyper Protect Crypto Services is designed to enable METACO Vaults to store encrypted keys externally in a database while affording the protections of IBM's FIPS 140-2 Level 4 rated hardware security modules (HSM). With external storage of keys enabled by IBM's master encryption key technology, custodians can scale to billions of wallets. The sensitive processing on METACO Harmonize is secured by IBM Cloud Hyper Protect Virtual Servers hardware-based, Common Criteria-certified isolation. IBM Cloud Hyper Protect Secure Build Server is designed to reduce risks of malicious code insertion during Harmonize deployments and address unauthorized rule manipulation by working to make policies on the platform tamper proof. Irrespective of how Harmonize is consumed, custodians retain physical control of the root of trust of the assets and the policies that govern management of the assets, through the IBM HSM Smartcards. We're pleased to support LevelField in realizing its vision of uniting digital assets with traditional finance to create the most trusted banking platform of the future. Harmonize provides bank-grade security and compliance for the custody and management of digital assets, as well as the agility for innovative firms like LevelField to go-to-market and scale quickly. With a flexible governance policy framework that can be applied to any type of digital asset transaction, a no-single-point-of-failure model, and the optionality to expand and offer any type of digital asset services, Harmonize provides a highly secure and flexible foundation for LevelField to manage its digital asset operations, both today and well into the future." Seamus Donoghue, VP of Strategic Alliances at METACO. Established in Houston in 2018, and currently pending a banking charter, LevelField aims to blend digital banking, securities, and digital assets to provide a comprehensive banking service for the digital economy. The firm is building a customer- focused financial services platform for digital and traditional assets that leverages the strengths of the U.S. banking system, is built on a solid foundation of regulatory compliance, and draws on its management team's expertise across traditional banking. LevelField is comprised of career bankers who deeply understand the importance of compliance and security. We searched for the platform that would enable us to meet our rigorous standards for security and compliance, while also giving us the flexibility to grow our digital asset business in any direction. METACO's Harmonize orchestration platform, supported by IBM Cloud Hyper Protect Services, is the ideal solution and something which may become the gold-standard in the industry. This infrastructure enables us to demonstrate our compliance and the highest levels of security no matter what area of digital assets we expand into." Michael Clayton, CTO, LevelField. About METACO Founded in 2015 in Switzerland, METACO is a technology company whose mission is to enable financial and non-financial institutions to securely manage their digital asset business and capitalize on the burgeoning digital asset economy. The company's core product, Harmonize, is an orchestration system for digital assets. From cryptocurrency custody and trading to tokenization, staking, and smart contract management, the platform seamlessly connects institutions to the new world of decentralized finance (DeFi).

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FUNDING

Mastercard to Add to Services Momentum with Acquisition of Dynamic Yield, McDonald’s Cutting-Edge Personalization Platform

Mastercard | December 23, 2021

Mastercard and McDonald’s today announced an agreement for Mastercard to acquire McDonald’s state-of-the-art personalization platform and decision engine company, Dynamic Yield. Dynamic Yield’s technology is a natural addition to Mastercard’s existing suite of services that help brands deliver more effective and trusted customer experiences across channels. Sitting across online and offline channels to personalize a consumer’s experience with a brand, Dynamic Yield delivers individualized product recommendations, offers and content based on a range of factors, including past purchases, page views, time of day, current store traffic and trending products. The software-as-a-service (SaaS) platform uses advanced AI and other technologies to support 400+ brands across the retail, financial services, travel and restaurant industries, among others. The notion of going into a store or opening a webpage to find an experience perfectly tailored to you is no longer farfetched. It’s a reality that more brands are deploying and more consumers expect. With Dynamic Yield’s expertise and our scale and relationships, we’ll be able to bring the connections between the end consumer and our customers to new heights.” Raj Seshadri, President of Data & Services, Mastercard. Mastercard plays a central role in enabling trusted digital commerce experiences, connecting billions of consumers with millions of merchants and banks around the world safely and securely. With Dynamic Yield’s technology, Mastercard will be able to help its customers and partners meet consumers’ growing demand for a more personalized experience, no matter where they shop or do business. The creation of a unified consumer engagement and loyalty hub will further extend the value of Mastercard’s network to deliver digital services for payments and beyond. This builds on the company’s long track record of providing data-driven loyalty, analytics and marketing services, rooted in focused data responsibility principles. This includes the SessionM merchant loyalty platform and Test & Learn (APT) experimentation software. McDonald’s purchased Dynamic Yield in 2019, becoming one of the first brands to integrate decision technology into its restaurants. Under McDonald’s ownership, Dynamic Yield doubled its revenue and expanded its customer base across verticals. To date, Dynamic Yield’s technology has been deployed to McDonald’s drive-thrus and ordering kiosks in several markets around the world. The deployment and enhancement of this technology has been an important component of McDonald’s Accelerating the Arches growth strategy under which the brand has also prioritized improving ordering experiences, introduced a global loyalty program and expanded its delivery footprint. The acquisition by Mastercard will strengthen unique, existing synergies across McDonald’s digital engagement experiences currently powered by SessionM and Test & Learn. In addition, McDonald’s plans to further scale and integrate Dynamic Yield’s capabilities globally and across ordering channels. “We’re delighted to continue working with McDonald’s, a longstanding client and proven innovator in this space,” Seshadri continued. In addition to McDonald’s, a number of merchant and financial services brands already use both Dynamic Yield and existing Mastercard services. Synchrony has worked with both companies on digital customer engagement. “Synchrony works hard every day to deliver simple, tailored and relevant interactions to enhance the consumer experience,” said Jeff Brousseau, Senior Vice President, Performance Marketing, Synchrony. “With Dynamic Yield, we’ve been able to deliver contextual, personalized experiences across the consumer journey. Combining this with the power of Mastercard’s other digital services unlocks additional capabilities to further enrich consumer engagement.” The transaction is anticipated to close in the first half of 2022, with the strength and talent of the extended Dynamic Yield team ensuring consistency for its customers throughout the process. Upon close, current chief technology officer Ori Bauer will take the helm as CEO. Liad Agmon, current CEO, will stay on in an advisory capacity. The transaction is subject to customary closing conditions. Terms of the agreement were not disclosed. About Mastercard Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. About McDonald’s McDonald’s is the world’s leading global foodservice retailer with nearly 40,000 locations in over 100 countries. 93% of McDonald’s restaurants worldwide are owned and operated by independent local business owners. About Dynamic Yield Dynamic Yield helps enterprise brands quickly deliver and test personalized, optimized, and synchronized digital customer interactions. Marketing, Product, Development, and eCommerce teams from more than 400 global brands are using Dynamic Yield’s Experience Optimization platform as the technology layer that works alongside existing CMS, Commerce, or ESP solutions to iterate faster and algorithmically match content, products, and offers to each individual for the acceleration of long-term business value.

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FINANCIAL MANAGEMENT

BearingPoint and SIX Launch a Collaboration for Payments and Request-To-Pay

BearingPoint | December 18, 2021

Management and technology consultancy BearingPoint and the Swiss financial market infrastructure operator SIX are partnering to develop a fully integrated invoice-to-payment service. The service will digitalize the entire value-added chain from the issue of the invoice to its payment: invoice issuers will send invoices directly and securely to their customers’ online and mobile banking applications. Customers can verify all the information online and then approve payment of an invoice at the click of a button. This service will also support the SEPA Request-To-Pay (SRTP) functions. The platform is based on the eBill processing infrastructure of SIX, as this is already well established in Switzerland and will be rolled out in Europe with BearingPoint’s industry experience. The goal is to offer banks in Europe a model that has been tested in Switzerland and that enables the receipt of invoices and the release of payments directly through those banks’ electronic banking platforms. A key advantage is the ease of integration into the banks’ environments, thereby enabling fast and cost-effective implementations. The timing for the rollout of the solution depends on the participation of banks and invoice issuers in the respective countries. BearingPoint and SIX are currently planning for the first applications in the European market by 2023. “With eBill, SIX has established a successful solution for digital invoices in the Swiss market. It is used by around 100 financial institutions and already reaches more than half of Swiss households. In our next step, we want to implement this innovative solution across Europe in partnership with BearingPoint,” emphasizes Marco Menotti, Head of Banking Services and Member of the Executive Board of SIX. “The role of the bank account in payment processing is undergoing a fundamental change. Banks need to address how they will position accounts with their customers in the future. Our joint solution offers banks a way to link accounts with additional services that are related to invoice receipts and payments, and creates an overall win-win-win situation for banks, consumers and businesses,” adds Thomas Steiner, Global Leader Banking & Capital Markets at BearingPoint, explaining the motivation for the initiative. With our innovative solution, we can help invoice issuers achieve significant cost savings when processing transfers. It also massively improves the user experience for debtors, as they receive invoices and initiate payments in a single step and within the familiar digital environment of their own bank. For banks, this will result in a strengthening of their customer relationships and – through the reductions in paper invoices – also contribute to environmental protection” Stefan Schütt, head of the RTP initiative at BearingPoint. About SIX SIX operates and develops infrastructure services for the Swiss and Spanish stock exchanges and for securities services, banking services and financial information with the aim of improving efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centers. The company is owned by its users (121 banks). With a workforce of around 3,500 employees (full-time equivalents) and a presence in 20 countries, it generated operating income of CHF 1.38 billion and Group net profit of CHF 439.6 million in 2020. About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: The first unit covers the advisory business with a clear focus on selected business areas. The second unit provides IP-driven digital assets and managed services beyond SaaS. The third unit is designed to explore innovative business models with clients and partners by driving the financing and development of start-ups and leveraging ecosystems. BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success.

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FINTECH

Quint Group joins growing tech community at Alderley Park’s Glasshouse

Quint | June 01, 2021

Global fintech Quint Group is set to join Bruntwood SciTech’s rapidly growing tech community at Glasshouse, Alderley Park. Quint owns and operates a number of fintech businesses which are focused on improving access to credit. The business, which, as well as in the UK, has operations in San Diego, Warsaw, Foshan, Sydney and Cape Town and clients that include major financial services providers like Goldman Sachs, Shawbrook Bank and Admiral, will move its HQ to Glasshouse to support its ongoing growth. Established in 2009, Quint Group is part of the UK’s fast growing fintech sector, which contributes over £11bn to the economy per year. Greater Manchester, was recently named the largest regional fintech ecosystem by Whitecap consulting, with over 150 firms employing over 8,000 people. Quint has taken close to 12,000 sq ft of office space at Glasshouse, which is home to businesses specialising in AI, digital health, life sciences, and software development, and digital communications and animation including Lokulus, Regit and Currentbody. Quint will join Bruntwood SciTech’s community of over 500 science and tech businesses across the UK, including those in other fintech hotspots in Leeds and Birmingham. This includes access to business support and community programmes that help firms to find talent, collaborate and enter new markets. Alderley Park is also home to many amenities, including a gym, 400 acres of scenic woodland offering walking, running and cycling routes, coffee shops and a newly opened pub and restaurant, The Churchill Tree. Mike Ransom, Quint Group managing director, said: “For over a decade, and despite a challenging 2020, Quint Group has successfully gone from strength to strength and our old office no longer suited our need for a more flexible and collaborative workspace. After a careful review process, we selected Glasshouse at Alderley Park for our new UK HQ. “Innovation is what powers our business and so becoming part of an ecosystem of like-minded businesses at Alderley Park will be great for us. And on a more tangible level, it’s a beautiful environment with brilliant amenities that will mean our team is excited about coming into the office.” Kath Mackay, managing director of Bruntwood SciTech – Alderley Park, said: “Glasshouse has been specifically designed for digital and tech businesses, providing space to collaborate, network and grow. It’s the perfect place for Quint to kick start its ambitious growth plans. “To see a business such as Quint relocate from Macclesfield to Alderley Park is a real endorsement of the community we’ve created here, with co-location playing a major part in their decision to move. It’s also a sign of the strength of the wider fintech ecosystem in Greater Manchester and its growing contribution to the UK’s global reputation.” Greg Cox, founder & CEO of Quint Group, added: “Our move to Glasshouse allows us to provide a world class working environment for our fantastic staff in a space that represents where we are and where we are going as a business. I see our move as the start of an exciting new chapter in our growth story.” Since it was established, Quint has won numerous awards including The Queen’s Award for Enterprise, recognising its growth and international reputation and regularly appears in the Sunday Times Top 100 Companies To Work for list. Hallams Property Consultants advised Bruntwood SciTech on the letting. Hallams, Colliers and OBI are agents on Glasshouse.

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Spotlight

Good news, accounting nerds! They’re finally putting the sexy into the number-crunching biz.With the rise of financial fraud, forensic accounting is a field almost as hot as the money being stolen, and this infographic from New England College Master of Science in Accounting Online provides an overview of this growing industries dirty past...

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