BITCOIN AND CRYPTO
Plug and Play | November 16, 2022
Global innovation platform, Plug and Play, together with founding partners Visa, AllianceBlock, The INX Digital Company, IGT, and Franklin Templeton, has announced the launch of their new Crypto and Digital Assets program in Silicon Valley. The program aims to connect international startups with the founding partners to pilot the startups' technologies and drive the future of Crypto and Digital Assets as world-class leaders.
"Plug and Play is excited to partner with Visa, AllianceBlock, The INX Digital Company, IGT, and Franklin Templeton to launch our new program and multiply our reach and impact in the crypto space. We look forward to accelerating enterprise-level adoption and bridging the gap between Web2 and Web3,"
- Maximillian Jungreis, Head of Crypto and Digital Assets at Plug and Play
At Visa, we believe partnerships can unlock a deeper understanding of the emerging use cases in the payments ecosystem, We're excited to partner with Plug and Play to innovate with fintech and crypto platforms at all stages of the startup lifecycle on new money movement experiences,said Dan Roesbery, Vice President, Global Fintech Partnerships at Visa.
Headquartered in Sunnyvale, Calif., Plug and Play connects startups and leading corporations worldwide through industry-specific accelerator programs. The founding partners of the Crypto and Digital Assets program will access a global network of startups developing new digital technologies and innovative tools. In addition to our partners' specific interests, Plug and Play's new Crypto and Digital Assets vertical will have four broader focus areas:
Stablecoin Adoption: Stablecoins — cryptocurrencies pegged to an underlying financial asset — have emerged as a leading crypto use-case by providing global access to the world's strongest fiat currencies. Businesses adopting stablecoins get all the benefits of crypto without the volatility: lower fees, secure transactions, and instant cross-border payments.
Decentralized Finance: By making units of value — stocks, bonds, real estate, currencies, etc. — interoperable, programmable, and composable on blockchains, capital markets will become more efficient and accessible to everyone on the planet.
Crypto Economics: Tokens create opportunities for innovation in capital formation and human coordination that extend beyond the digital world and into the physical. Crypto-economic systems are enhancing access to core commodities like file storage and decentralized wireless and the business benefits are significant.
Enterprise Blockchain: Enterprise blockchains are networks designed for large companies and organizations. They retain the core benefits of blockchains, such as efficiency and immutability, but tweak the underlying permissions to help businesses with data safety, faster transactions, and better supply chain management.
AllianceBlock is excited about our partnership with Plug and Play Crypto and Digital Assets. Our ecosystem benefits from their broad network of innovative startups, industry pioneers, and thought leaders, as well as the value that we will provide to the Plug and Play ecosystem as experts in the decentralized space and the infrastructure for builders and developers to build on top of. We share the vision of a participatory economy, one that is fair, transparent, sustainable, and inclusive, and together we are working tirelessly to make that a reality.
Blockchain technology and crypto economics will transform how we do business on the internet and across multiple industries. At Plug and Play Crypto and Digital Assets, we will accelerate enterprise-level adoption and bridge the gap between Web2 and Web3.
As we continue our mission to increase access to the wealth of opportunities in the digital economy for both companies and investors, we are thrilled to be a founding member of Plug and Play's Crypto and Digital Assets program in Silicon Valley. Not only will this unique partnership offer deeper connections on the West Coast and Silicon Valley, but it will also allow us to put our leadership and expertise to work as we advise companies on the benefits of participating in the rapidly growing ecosystem of blockchain, tokenization, and cryptocurrency, Together with Visa, AllianceBlock, IGT, and Franklin Templeton, we look forward to working with a variety of companies - from startups to established names - about the digital future and how they can leverage opportunities now to garner long-term growth,said Douglas Borthwick, Chief Business Officer at INX.
We believe venture capital is the optimal strategy to invest in the development and growth of Web3 businesses. In our view, the Crypto and Digital Assets team at Plug and Play continues to innovate and identify some of the most exciting Blockchain opportunities in the world, said Kevin Farrelly, VP/Director of Digital Asset Management.
As a global leader in gaming, IGT is excited to partner with Plug and Play to accelerate our innovation through a compelling collaborative environment of established industry leaders and technology startups from various sectors, IGT stands at the forefront of cashless gaming technology, and working with Plug and Play can further advance our capacities and development potential in the payments space,said Fabio Celadon, IGT Executive Vice President of Strategy & Corporate Development.
About Plug and Play
Plug and Play is the leading innovation platform connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we're present in 50+ locations across five continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries. We've invested in hundreds of successful companies, including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi.
FINANCIAL MANAGEMENT, FINTECH
FinTech Alliance | December 01, 2022
The crypto firm Choise.com is excited to announce it is now a member of FinTech Alliance, a government-backed digital ecosystem for the UK FinTech community. With Choise.com's deep involvement in the fintech market, the company will share its expertise during events and help the industry flourish.
The company has been on the market for over five years and has a strong expert team of over 160 people. Working with over 750,000 registered users and 50+ business partners, the team has plenty of experience and expertise that it is happy to share with fellow members of the fintech market.
Choise.com allows investors to easily find a one-stop shop for everything related to the cryptocurrency industry. Its simple-to-use ecosystem allows users to easily earn on digital assets by integrating various features from centralised and decentralised finance markets into one platform.
One of the main developments of Choise.com is the Charism platform – a core component of the company's infrastructure that bridges the two fields. Developed in-house, the platform allows users to perform various tasks related to financial transactions and make informed decisions about gaining possible income on promising crypto products. This enables people to earn on crypto assets in a more straightforward and comprehensive manner.
Meanwhile, FinTech Alliance, in collaboration with the UK government, is working to bring the global financial industry together to explore, engage, and do business. The engagement platform was created in 2019 with the purpose of promoting the growth of FinTech companies and providing networking opportunities. It also brings together all the necessary resources and information to help businesses succeed.
"By joining this community Choise.com aims to increase its brand awareness, communicate with the market giants, network with possible investors, conduct webinars and participate in industry-relevant events. All these activities will allow Choise.com to share its innovations with the community and play an important role in boosting the development of FinTech both in the UK and worldwide. FinTech Alliance is a prominent community and it is truly dedicated to fostering the growth of this sector. We are delighted to become a part of this inclusive community and are looking forward to sharing our team's expertise with the community and fellow fintech leaders,"
– Austin Kimm, Director of Strategy & Investment at Choise.com
FINTAINIUM and DataSeers | November 22, 2022
Atlanta-based fintech DataSeers and Jacksonville-based FINTAINIUM announce a new partnership to further expand FINTAINIUM's unified cash flow management platform. FINTAINIUM will be using DataSeers' industry leading SaaS solutions like IdentitySeer and ReconSeer to help financial institutions attract, retain, and grow business relationships.
DataSeers will be providing essential back-office services and payments capabilities through their platform specifically designed for banking and payments to help manage critical operations such as reconciliation, compliance, fraud detection, onboarding, and analytics.
Knowing your customer is the first line of defense for fraud, risk, and compliance, but it's still one of the biggest challenges for banks and credit unions. Implementation of a top-tier product like IdentitySeer proves an institution's commitment to providing financial services while keeping out bad actors.
We are pleased to develop this new partnership with Fintainium and together leverage this flexible and scalable platform to provide elevated services in onboarding, reconciliation, and others to their customers in the financial space," says Adwait Joshi, Founder and Chief Seer at DataSeers.
"We have the leading solution in the cash management space and are honored to connect with DataSeers to provide the essential function of embedded reconciliation to the market,"
-Richard Jackman, Chief Executive Officer of FINTAINIUM
FINTAINIUM delivers back-office innovation for financial institutions and streamlines end-users' payments and cash flow management processes. With headquarters in Jacksonville, Florida, and operations in Toronto, Canada, FINTAINIUM facilitates enhanced services between financial institutions, businesses, and other technology companies. Fintainium is a modular platform with the newest technology to work seamlessly with financial institutions and ERP systems. Fintainium's technology enables features such as embedded payments and lending, an integrated CFO toolkit with business intelligence, cash flow management tools, and back-office automation. Fintainium is the only unified platform that combines all these features into a simple, easy-to-navigate user interface. Fintainium was named a Best Startup in Jacksonville by The Tech Tribune.
DataSeers is an Atlanta-based FinTech that has engineered a unique solution for effectively harnessing complex data. Its FinanSeer® software is AI-powered and specifically designed to help banks and payments companies improve their onboarding, reconciliation, compliance, fraud detection, and analytics in one user-friendly platform.
DataSeers was established in 2017. Since the creation of DataSeers five and a half years ago, the company has changed office spaces five times to accommodate its steady client and staff growth.
The company has won multiple awards. With three-year revenue growth of 427 Percent, DataSeers received ranking No. 1503 among America's Fastest-Growing Private Companies in the annual Inc. 5000 list. The company was named one of the Best Places to Work in FinTech by American Banker. DataSeers was recently selected in the AIFinTech100 for 2022. DataSeers received a 2021 Atlanta Business Chronicle Pacesetter Award as one of the 100 Fastest Growing Private Companies in Atlanta. The Technology Association of Georgia recognized DataSeers as one of its "Top 40 Technology Companies" three years in a row. The company has also received the LexisNexis® Risk Solutions HPCC Systems® Community Recognition Award for creating a "Truly Unique Solution" leveraging the HPCC Systems open-source data lake platform. DataSeers was among Atlanta Inno's 2019 "50 on Fire" companies in Georgia. The company was also a winner in the New to Export category at the 2019 GLOBE Awards presented by the Georgia Department of Economic Development and among the 2020 award recipients.
FINANCIAL MANAGEMENT, INVESTMENT MANAGEMENT
Quavo, Inc. | December 16, 2022
Fintech provider Quavo Fraud & Disputes has announced their completion and renewal of the 3.2.1 version of the Payment Card Industry Data Security Standard Requirements and Security Assessment Procedures. Quavo initially achieved its PCI DSS Version 3.2.1 certification in August of 2021.
Attaining this renewal emphasizes Quavo's commitment to security and compliance, confirming that all required standards set by the PCI council were maintained throughout the evaluation period. The announcement comes as part of Quavo's dedication to executing the significance of client security and safety.
"PCI renewal versus the initial completion means that our team has continued to exemplify procedures to safeguard sensitive card information set by the PCI council for an entire year. It's a huge accomplishment for the team and something I am very proud of. It is hard to achieve and maintain PCI compliance, and I appreciate our team being diligent about this,"
COO and Co-Founder David Chmielewski
This year, the Quavo infrastructure team dedicated time to upholding the standards set by PCI DSS v3.2.1. As of November 2022, Quavo received validation that the company demonstrated continuous compliance under PCI DSS v3.2.1 and obtained a renewal accreditation. Quavo's presence on The Visa Global Registry of Service Providers is directly related to the company's ongoing commitment to PCI compliance.
Nick Facca, Quavo's Director of Technology, detailed the magnitude of following the instituted procedures throughout the audit period. "Last year, we established ourselves as PCI compliant; with the renewal, we have set the standard that PCI compliance stands as Quavo's baseline data security."
Looking to the future, Quavo will continue to work towards renewing its SOC 2 Type 2 certification and make strides in completing PCI DSS v4.0 requirements by 2024.
About Quavo, Inc.
Quavo, Inc. is a fintech provider of industry-leading, automated dispute management solutions to issuing financial institutions. Quavo's Disputes as a Service™ offering features automated software, automated intelligence technology, and human intelligence services for financial organizations of all sizes. Our goal is to establish and advance the industry standard in fraud and dispute management by instituting best-in-class principles, delivering unparalleled technology, and advocating for change in our community.
We offer full, end-to-end automation software for managing fraud and disputes, supported with complete Reg E, Reg Z, Nacha compliance, and network mandates. Quavo's offering includes QFD™ automated dispute management software, ARIA™ fraud management automated intelligence, and Dispute Resolution Experts™ human intelligence services. Quavo believes in providing a supportive and collaborative environment where the best financial and tech minds work together to drive client success, providing groundbreaking dispute management software and solutions.