MOBILE BANKING

FundFront Introduces an Alternative Investment Platform for Easy Access

FundFront | May 16, 2022

Fund_Front_Introduces
FundFront has announced the introduction of its alternative investment platform. FundFront is a FinTech business based in London. Its founding partners Amin Naj, Arman Salavitabar, and Dr. Aric Whitewood hail from top financial organizations such as J.P. Morgan and Credit Suisse. Their objective is to simplify access to unique alternative investing techniques. The FundFront team is poised to reduce the entry barriers to alternative investing, having vast experience in technology and fund management.

There is a tremendous disparity between investors and possibilities when it comes to alternatives due to complexity and a lack of liquidity and greater investment minimums. Our platform simplifies alternatives by removing these friction points and providing a smooth alternative investing experience."

Amin Naj.

FundFront's product platform directly provides access to bank and investment accounts with daily liquidity and minimal investment minimums. It is all because of its tech-based infrastructure, diligence capabilities, and relationship with high-performing fund managers. Investors gain a high level of transparency, flexibility, and control. Thus, allowing them to make their own investment decisions using any combination of products.

Our ultimate goal is to do for alternative investment methods what ETF companies achieved for index investing, Investors may investigate, browse, select from a curated menu of leading alternative strategies, and invest directly from their bank accounts, The enhancements that our products provide in terms of liquidity and access will benefit the whole investment community, from qualified people to banks and institutions."

Salavitabar.

An average portfolio allocation to equities and bonds may not be enough to meet long-term investing goals in the current environment of rising inflation and heightened market volatility. The FundFront platform allows financial advisers and clients to create diverse portfolios representing their desired balance of stability, profitability, consistency, and control.

Spotlight

Asia's online financial services market is on track to reach US$ 72 billion by 2020. From China to Southeast Asia, fintech companies are rivaling banks in helping customers transact. While banks continue to play integral roles as pillars of the local economy, fintech firms are grabbing up very niche segments of financial services away from traditional institutions.


Other News
INVESTMENTS

ZettaScale Technologies spins out from ADLINK and raises strategic investment from TTTech Auto

ADLINK | June 01, 2022

ZettaScale Technologies today announced that it has raised a strategic investment from TTTech Auto. The investment marks the start of a strategic partnership between the two companies that will result in the creation of the first European implementation of Data Distribution Service (OMG DDS) that is certified for use in series cars, and enables ZettaScale to expand its market coverage from robotics and mission critical middleware to the automotive market. We have been seeing convergence across industries including the internet of things, robotics, AI and autonomous vehicles for some time, but developers need new tools to be able to integrate these technological advances into real world systems, TTTech Auto brings an intense focus on safety and security and is the ideal partner to bring ZettaScale's middleware products to the automotive market." Angelo Corsaro, CEO of ZettaScale. The partnership will result in the creation of Motionwise Cyclone DDS, combining TTTech Auto's Motionwise software and Time Sensitive Networking (TSN) technologies with ZettaScale's open-source Cyclone DDS. The product will be safety-certified under ISO 26262, and be made available for automotive and non-automotive applications, including those that are a part of ZettaScale's existing robotics and mission critical markets. System-wide safety is one of the biggest challenges for highly automated driving, MotionWise Cyclone DDS will help car manufacturers to reduce time-to-value while guaranteeing the overall system safety and providing excellent UX, flexibility, security and E2E vehicle properties. Together with ZettaScale, we will develop the next industry standard for safety and reliability in the rapidly evolving field of autonomous driving. Standards and open-source technology are the cornerstones of safety and performance." Friedhelm Pickhard, Chief Growth Officer of TTTech Auto. The story of ZettaScale's origins in the ADLINK Advanced Technology Office embodies the spirit of innovation inside ADLINK, We are excited to see Dr. Angelo Corsaro lead ZettaScale over this next phase of growth and look forward to technologies originally developed within ADLINK becoming foundational in multiple domains as edge computing proliferates." Jim Liu, CEO of ADLINK. About TTTech Auto TTTech Auto provides solutions for the challenges of future vehicle generations. The company specializes in safe software and hardware platforms for automated driving and beyond, applicable in series production programs. With its leading technology solutions, TTTech Auto ensures safety and electronic robustness for a more automated world. TTTech Auto was founded in 2018 by TTTech Group and technology leaders Audi, Infineon and Samsung to build a global, safe vehicle software platform for automated and autonomous driving. In 2022, the company raised USD 285 million (EUR 250 million) from Aptiv and Audi in its latest funding round. At TTTech Auto's headquarters in Vienna, Austria, and in more than 10 locations across Europe, the U.S.A. and Asia, 1,200 employees work with leading car manufacturers on their software-defined vehicle, ADAS and autonomous driving programs. About ADLINK ADLINK Technology Inc. (TAIEX:6166) leads edge computing, the catalyst for a world powered by artificial intelligence. ADLINK manufactures edge hardware and develops edge software for embedded, distributed and intelligent computing – from powering medical PCs in the intensive care unit to building the world's first high-speed autonomous race car – more than 1600 customers around the world trust ADLINK for mission-critical success. ADLINK holds top-tier edge partnerships with Intel, NVIDIA, AWS and SAS, and also participates on the Intel Board of Advisors, ROS 2 Technical Steering Committee and Autoware Foundation Board. ADLINK contributes to open source, robotics, autonomous, IoT and 5G standards initiatives across 24+ consortiums, driving innovation in manufacturing, telecommunications, healthcare, energy, defense, transportation and infotainment.

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FINANCIAL MANAGEMENT

Standard Chartered Expands Sustainable Finance Solutions With Sustainable Demand Deposit Account

Standard Chartered | May 12, 2022

Standard Chartered (“Bank”) today announced the launch of its Sustainable Account. This new product, with the characteristics of a Demand Deposit Account, provides large corporates with the opportunity to contribute to sustainable development whilst maintaining daily access to their finances for their intraday liquidity management needs. Deposits in Sustainable Accounts are used to fund sustainable projects based on the Bank’s Green and Sustainable Product Framework, which is aligned with the United Nations Sustainable Development Goals (SDGs). The surplus cash will be used in tackling some of the world’s most significant long-term threats, including climate change, quality education, clean energy, and financial exclusion. Financial institutions are in a unique position to play a role in social and economic prosperity by facilitating how clients can contribute to sustainable development, Our Sustainable Deposit platform allows clients to meet their liquidity needs and their sustainability goals in a flexible and transparent manner where funds will be referenced against sustainable loans and projects.” George Lee, Head of Transaction Banking at Standard Chartered Americas. The Bank’s Sustainable Account offering is part of its suite of sustainable solutions ranging from Sustainable Trade Finance solutions, Bonds and sustainable advisory services. Sustainable Deposits were first launched in 2019 as fixed term deposits, and deposits broke the $2 bn mark in May 2020 with companies such as Southwire tapping this solution to advance its Environmental, Social and Governance goals. About Standard Chartered We are a leading international banking group, with a presence in 59 of the world’s most dynamic markets, and serving clients in a further 83. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good. Our history in the US dates back to 1902, and we are currently present in eight locations throughout the Americas. Our Americas franchise focuses on financial institutions and select corporates and plays a key role in facilitating trade and investment flows between the Americas and Asia, Africa, and the Middle East.

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CORE BANKING

DR BANK ANNOUNCES PARTNERSHIP WITH BOMBAS

DR Bank | May 23, 2022

DR Bank is proud to partner with premium basics brand Bombas through their internal Giving Initiative program by donating 1,000 pairs of Bombas donation socks. Bombas is a comfort-focused, digitally native brand that provides elevated basics and helps those in need. The company was originally founded in 2013 because socks are the #1 most requested clothing item at homeless shelters. For every item purchased, a specially designed item is donated to the homeless community. DR Bank chose to donate these socks to two local organizations, Person to Person and New Covenant Center. Person to Person is a Darien, CT based organization that serves lower Fairfield County providing groceries, clothing, care programs, emergency assistance, and more to anyone in need. We are so grateful to DR Bank and Bombas for this wonderful donation. These are beautiful, good quality socks and the people we serve will be so grateful to have them. We applaud this company and all others who commit themselves to giving back to the community." Nancy Coughlin, Chief Executive Officer. The New Covenant Center is a Stamford, CT based organization that provides food and services to the local homeless population. "New Covenant Center is grateful to accept the 500 adult-sized pairs of socks donation from DR Bank and the partnership they have with NYC apparel company, Bombas. DR Bank has been a longtime supporter of New Covenant and we're excited to have them onboard - focusing on our Toiletry Program for our Café clients." John Gutman, Executive Director. To be able to partner with such a socially conscious organization like Bombas to benefit two great local charities, is a wonderful opportunity for the Bank! DR Bank has been giving back to local charities throughout Fairfield County since we opened our doors in 2006 We hope to do much more of this in 2022 and years to come!" John Barbalaco, EVP & Chief Banking Officer. DR Bank DR Bank is headquartered in Darien with a branch in Rowayton. They offer the same customer service and attentiveness of a community bank with the financial services and technology of a larger bank. Whether you're stopping by, or banking on the go, their team of experts are there to help. They are committed to long-term relationships and offer the conveniences and financial services you expect from a larger bank, with the incredible rates, safety, and personal attention you won't find anywhere but home.

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PAYMENTS

Paymerang Uses Amazon Web Services to Deliver World-Class Finance Automation Solutions

Paymerang | December 20, 2021

Paymerang is using Amazon Web Services (AWS) to empower mid-market businesses to accelerate vendor payment and deliver world-class customer service. To support the rapid growth of the company, Paymerang uses five AWS products for its operations and client services. Paymerang chose AWS because it simplifies and streamlines many time-consuming administrative processes while elevating existing database operations. The low cost and reputable products made it an easy transition to AWS. As Paymerang continues to expand, the company needed a cloud offering that is reliable and flexible enough to keep up with their rapid growth – so they turned to AWS. Using AWS's proven global infrastructure and database, analytics, contact center, and security capabilities, Paymerang has the ability to grow and scale their businesses while accelerating innovation in their payment automation solutions." Dave Trotter, Director of SMB Sales at Amazon Web Services, Inc. As a part of ongoing maturity and sophistication in the AP Automation space, Paymerang has made significant investment in migrating relational data storage to Amazon Aurora. Amazon Aurora enables Paymerang to leverage an enterprise class database technology with multi-region capabilities to read replicas, and automate crash recovery at a fraction of the cost of a proprietary database system. "This collaboration proves Paymerang's commitment to being a cloud-first company. We're thrilled to work with AWS, the best in the business, to power the next generation of fintech solutions," said Nasser Chanda, CEO of Paymerang. As the company grew, it realized the importance of using a premiere contact center solution with flagship application integration. Amazon Connect has streamlined payment operations by reducing the number of unique phone numbers while also greatly improving the quality of calls. Since implementation, Paymerang has seamlessly integrated the rich data generated from Amazon Connect and Contact Lens directly into their enterprise data lake. This creates advanced dashboards that quickly show supervisors how efficient the operations teams are performing. Paymerang is leveraging Amazon Cognito to integrate with their authentication and authorization systems to identify users in the system, authorize approved actions those users can execute based on their role, and integrate with fine-grained access controls using AWS Identity and Access Management (IAM). Amazon Cognito provides the peace of mind for Paymerang to know they have the army of security engineers at AWS on their side, allowing them to reallocate resources to building client-facing features. Paymerang generates rich data, and when exploring various analytics and reporting tools on the market, it was clear that the best tool at the best cost was Amazon QuickSight. The seamless integration between Amazon QuickSight and Paymerang created immediate time and cost savings. Amazon QuickSight has quickly become the primary report technology of choice, and Paymerang is already working to embed Amazon QuickSight dashboard capabilities into their products using Amazon QuickSight Q and embedded analytics. About Paymerang: Paymerang provides streamlined invoice and payment automation solutions that bring Accounts Payable (AP) departments into the modern age. Paymerang's solutions save AP departments hundreds of hours annually, enhance visibility, increase accuracy, improve efficiency, and earn rebates while reducing paper, fraud risks, and operating costs.

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Spotlight

Asia's online financial services market is on track to reach US$ 72 billion by 2020. From China to Southeast Asia, fintech companies are rivaling banks in helping customers transact. While banks continue to play integral roles as pillars of the local economy, fintech firms are grabbing up very niche segments of financial services away from traditional institutions.

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