BITCOIN AND CRYPTO

NCR Completes Acquisition of Cryptocurrency Leader LibertyX

NCR | January 17, 2022

NCR_Completes_Acquisition
NCR Corporation (NYSE: NCR), a global enterprise technology provider, today announced the completion of the previously announced transaction to acquire LibertyX, a leading cryptocurrency software provider. LibertyX is a strong strategic fit for NCR because it accelerates NCR’s ability to rapidly deliver a complete digital currency solution to its customers, including the ability to buy and sell cryptocurrency, conduct cross-border remittance, and accept digital currency payments across digital and physical channels.

The completion of this transaction enhances our ability to provide digital currency solutions and capabilities that help run our customers’ businesses. We are pleased to welcome LibertyX and its outstanding team to NCR.”

Don Layden, EVP & President, Payments & Network, NCR Corporation.

The LibertyX digital currency solution runs on ATMs, kiosks and point-of-sale (POS) systems today. LibertyX partners with ATM operators, like NCR’s Cardtronics, who owns and manages ATMs and the Allpoint network in the U.S. at locations like convenience stores, pharmacies, and supermarkets. Moving forward, NCR will utilize its Pay360 platform to offer the LibertyX capabilities as part of its solutions for banks, retailers and restaurants. NCR Pay360 provides financial institutions a secure way to enable cash-in and cash-out transactions from their mobile banking app, website, or even customer service centers.

On August 2, 2021, NCR and LibertyX announced that they had entered into a definitive agreement under which NCR would acquire LibertyX. The transaction includes LibertyX’s cryptocurrency remittance business, LibertyPay. Financial terms of the transaction were not disclosed.

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leading enterprise technology provider that runs stores, restaurants and self-directed banking. NCR is headquartered in Atlanta, Ga., with 38,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.

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FINANCIAL MANAGEMENT,INVESTMENT MANAGEMENT

Awiros raises $7m led by Inflexor and Exfinity to accelerate growth and global expansion

Awiros, Inflexor Ventures and Exfinity Venture Partners | September 15, 2022

National, Sep 14 2022: Tech-focused VC funds, Inflexor Ventures and Exfinity Venture Partners, led the Series A round in Awiros, a deep-tech start-up that develops an AI-based computer-vision platform primarily for video processing. The current round of funding also saw participation from VedaVC, leading family offices and UHNIs. Awiros is bridging a key gap in the market through its offering, a marketplace of Video AI “Apps” that allows its customers to discover and adopt suitable technology solutions quickly. Enterprises have been actively deploying Video AI solutions across automation, safety and process monitoring where the market is projected to reach USD 27Bn by 2030, based on various research studies. Awiros is accelerating the adoption of this technology, where its average customer subscribes to more than 10 apps today, up from 4 in 2019. With several Fortune 500 customers and large-scale Video AI deployments across manufacturing, warehousing, data centres, critical infrastructure and public safety, Awiros is already one of the leading companies in this space in India. In terms of technology, Awiros is a device-agnostic Operating System (OS) for easy development and delivery of Video AI applications. The OS eliminates the need for enterprise clients to upgrade, redesign, or reinstall new systems as the enterprise’s Video AI use cases increase. The platform also abstracts out all the tedious workflow around computer vision-based AI models and lets developers concentrate on building efficient models, resulting in faster development and deployment cycles for enterprise-grade applications. In the near future, Awiros aims to be the default platform for computer vision use-cases that would allow any developer to create and deploy computer vision applications in large-scale projects in a friction-less manner and create an ecosystem that allows the best apps to thrive, much like the app-stores for smartphones. The company aims to utilize the funding towards product enhancement, building its developer community, and business growth in India and overseas markets. This funding round will allow Awiros in augmenting the India and US teams, both in technology and sales-related functions. Awiros was founded in 2015 by Vikram Gupta and Yatin Kavishwar. Vikram is a computer engineering research expert with a PhD from Carnegie Mellon University. His key focus area during his PhD was to architect a middleware for multi-application embedded systems, which became the base and motivation for founding Awiros. Yatin is a seasoned enterprise business leader with experience in leading government, enterprise, defence and public sector sales across multiple stints at AppDynamics, Citrix, Cisco and IBM. Vikram Gupta CEO & Co-Founder of Awiros said “Awiros is one of the fastest growing companies in the Video AI space in India and this funding round will help us build further momentum for global growth by increasing our market share, streamlining technical operations and investing in the R&D of existing and new product categories. 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Awiros’ approach is analogous to Android O/S which enables and empowers the customer to design and deploy AI-based solutions for their business needs quickly. Awiros has excellent business synergy with our portfolio company Kinara (erstwhile Deepvision) wherein they will be able to co-develop solutions in domains such as retail automation, smart buildings, Industry 4.0 etc. for Fortune 500 clients.” About Inflexor Ventures Inflexor Ventures is a sector-agnostic VC firm that invests in deep and emerging technology startups from Pre-Series A to Series B stages. The team at Inflexor Ventures brings decades of experience in fund management and investments, serial entrepreneurship and global technology and operational roles. Inflexor past investments include Atomberg, Playshifu, Kale Logistics, GramCover, SecureThings, Bellatrix, Vitra.ai, and recently exited Steradian. From their earlier fund Parampara, they had also invested in Entropik, CloudSEK, SCube, and SecurAx. 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FUNDING

USQ Expands Investment Platform with PREDEX Acquisition

USQ, Chatham Financial | August 02, 2022

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CORE BANKING

Argyle Joins Financial Data Exchange to Establish Industry Standards for Payroll Data

Argyle, Financial Data Exchange | July 07, 2022

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FINANCIAL MANAGEMENT,INVESTMENT MANAGEMENT

Investment Banking Firm Outcome Capital Launches Advisory Practice

Outcome Capital | August 26, 2022

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