Post 2016 Federal Election Superannuation Update

Pitcher Partners | July 29, 2016

With the results of the 2016 Federal Election having now been called, there continues to be much debate in the media around the Coalition Government’s proposed superannuation reforms. arliament is due to return on 30 August and the Treasurer, Scott Morrison, stated in an interview on ABC 7:30 on Monday 25 July that the Government is in the process of talking to crossbenchers about the proposed superannuation reforms.

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Aurionpro is a global technology solutions leader that helps clients accelerate their digital innovation, secure their enterprises and optimize business operations. We combine core domain expertise, thought leadership in innovation, security and leverage industry leading IP to deliver tangible business results for global corporations. Employing more than 1,300 domain and technology experts across North America, Asia and Europe, Aurionpro has been consistently recognized amongst the top 100 technology solutions providers for Financial Services companies.


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FINANCIAL MANAGEMENT,INVESTMENT MANAGEMENT

Inscribe Addresses Demand for Better Risk Management, Faster Approvals From Finance Industry

Inscribe | September 15, 2022

Inscribe, the award-winning fraud detection and document automation platform, today announced that it has released new features to help the financial services industry meet demands for better risk management and faster customer approvals. Outdated and inefficient processes currently being utilized leave businesses waiting from one to six months to hear about loan applications, while millions of consumers without credit scores aren't able to access financial products at all. But forward-thinking companies are addressing the need for data-driven risk management with AI-powered fraud detection, document automation, and credit analysis. "Whether applying for a loan, opening a line of credit, or dealing with a faulty credit score due to a computer coding error, we've all suffered from unfair or inefficient processes in our interactions with financial institutions, Inscribe's tremendous growth in 2022 has allowed us to further our mission of creating a fair and efficient financial services ecosystem, and new Credit Analysis™ and AI-powered bank statement automation features that we've just released give companies instant access to the vast amount of financial data contained within documents so that they can make faster and more inclusive lending decisions." -Ronan Burke, co-founder and CEO of Inscribe In the past, risk and operations teams had to spend upwards of 30 minutes reviewing a single application document for information. New Credit Analysis™ snapshots and advanced automation features from Inscribe provide a snapshot of important data points needed to make lending decisions with confidence — including cash flow details from bank statements, transaction parsing, and pay stub parsing. Unlike other solutions currently on the market that can take up to 4 hours, Inscribe accurately extracts and returns key details (names, addresses, dates, transactions, salary) in just seconds. Fast-growing fintechs across lending, corporate cards, and financial automation have already adopted these features: Reviewing bank statements is a critical step for us to determine an applicant's creditworthiness. But that requires a lot of manual effort for our team to verify income, understand expenditure, search for high-risk transactions, etc., Inscribe's Credit Analysis feature mimics the same heuristics my team uses and delivers those key cashflow data points almost instantly. Not only does this save us time, but it enables us to make better credit decisions,said Anurag Puranik, Head of Credit and Risk at Coast. One of our competitive advantages at Ramp is speed. As the fastest growing corporate card in America, we look for products and services that can match our pace and help us accelerate growth, In the process of automating our underwriting, we found that a significant percentage of our applicants still uploaded bank statements. Inscribe's transaction parsing has been key to automating the application review process,said Karim Atiyeh, co-founder and CTO at Ramp. Inscribe's pay stub parsing has been incredible, The fact that we don't have to have our internal agents pull out net pay or annualize income significantly reduces the chances of human error and frees up their time. It really has improved our efficiency. We've been able to reduce the amount of time it takes for us to give applicants a loan decision by 50%,said Sara Vozeolas, Sr. Operations Analyst at VIVA Finance. With these new features, Inscribe customers can address business and consumer demands for near-instant approvals while protecting themselves from fraud and credit losses down the line. This announcement comes amid rapid growth from Inscribe in 2022: The company surpassed a 3x y-o-y increase in annual recurring revenue (ARR) and a 4x y-o-y increase in the number of documents being processed every month. Companies that use Inscribe can give their customers faster approvals while saving thousands of employee hours and millions of dollars in fraud losses each year. In 2022, Inscribe also announced a partnership with Lendflow and was listed on the 2022 AIFintech100 and SaaS award lists. To learn more about Inscribe's fraud detection and risk management solutions, About Inscribe Inscribe's award-winning technology is the most effective way for fintechs and financial services organizations to automate their manual reviews, reduce fraud losses, and increase decision accuracy. By automating document reviews and improving fraud detection, companies can increase efficiency and reduce operational costs. Founded in 2017, Inscribe is trusted by leading companies like BlueVine, Petal, Fair, and Ramp. Inscribe is backed by Y Combinator, Uncork Capital, Crosslink Capital, and Foundry Group, and has a presence in the US and Europe.

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BITCOIN AND CRYPTO

CoinShares acquires Napoleon Asset Management, the first AIFM-regulated crypto asset manager

CoinShares | July 04, 2022

CoinShares International Limited (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF) (“CoinShares”), Europe's largest and longest standing digital asset investment firm is pleased to announce that, following receipt of approval from the Autorité des Marchés Financiers (AMF), it has acquired Napoleon Asset Management, one of the first ever digital asset managers, licensed under the AIFM Directive since March 2019. The transaction signed and completed on 30 June 2022. The transaction follows the acquisition of the Napoleon Group last December and fits with CoinShares’ strategy of developing into a full-service digital asset investment and trading group, within a strong regulatory framework. CoinShares is a strong advocate of regulation in the digital asset industry and has an extensive list of regulated products and services. The Alternative Investment Fund Manager (“AIFM”) licence is one of the most rigorous European regulations for Asset Managers and is a key component in CoinShares' ambition to become the leading investment group in the digital asset sector. The acquisition of Napoleon Asset Management allows CoinShares to offer AIFM compliant products and services, in addition to its market leading position as an issuer of crypto Exchange Traded Products (ETPs). The AIFM licence carries a passporting regime that allows it to provide and market services and products throughout the European Union. The acquisition will also enhance CoinShares’ offering by leveraging active investment strategies based on algorithmic trading and artificial intelligence for digital assets built by Napoleon Asset Management quants teams. “After the recent events in the digital asset sector, it has never been more clear that strong regulation is needed for crypto to thrive. As such we are very pleased to have received this approval from the AMF to acquire Napoleon Asset Management. Bringing the company into our group is a further step in the right direction towards investor protection. We are proud to be one of the most regulated digital asset investment firms in the industry. Our regulated status in a growing number of jurisdictions is one of CoinShares’ principal strengths; it reassures our clients and demonstrates our plans to lead Europe’s digital asset sector.” -Jean-Marie Mognetti, Chief Executive Officer of CoinShares. Jean-Charles Dudek, Chief Executive Officer of Napoleon Asset Management, said: We have continued to build upon the synergies between our two businesses since CoinShares acquired the Napoleon Group last December. The integration of Napoleon Asset Management into the group was anticipated at that time but necessarily needed to await consideration by and approval of the change of control by the AMF. Now that approval has been granted, this acquisition by CoinShares will further strengthen the ties between us. ABOUT COINSHARES- CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS and the OTCQX under the ticker CNSRF.

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FINTECH

BlackRock Launches Industry’s First BuyWrite Fixed Income ETFs

BlackRock | August 23, 2022

BlackRock today launched a first-of-its-kind suite of fixed income ETFs that provide access to buy-write investment strategies on baskets of fixed income securities: the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF, iShares High Yield Corporate Bond BuyWrite Strategy ETF and the iShares Investment Grade Corporate Bond BuyWrite Strategy ETF. Each ETF packages two potential income sources into one ticker – premiums generated by selling monthly call options on the underlying ETFs and the yields from each of the underlying ETFs themselves. “The iShares’ bond ETF platform has the world’s largest, comprehensive toolkit1 for individuals and institutions by providing access to the $124 trillion fixed income market with essential building blocks for a wide variety of macroeconomic climates, Market participants have used a buy-write strategy on equities since options were first listed more than 50 years ago. The iShares Bond BuyWrite ETFs introduce these capabilities to fixed income, pioneering new possibilities for an asset class sitting at the center of so many long-term portfolios.” -Carolyn Weinberg, Global Head of Product for ETF and Index Investments, BlackRock Helping Investors; Capital Markets Innovation The iShares BuyWrite ETFs aim to increase yield potential for investors, debuting during the most challenging environment for fixed income in decades due to inflation, hawkish central banks and interest rate volatility. Each iShares BuyWrite ETF seeks to track a designated index from Cboe Global Indices by owning shares of the underlying ETF and selling one-month call options at a strike price at or near the closing price of the ETF the day before the strategy writes the call options. Each month, the iShares BuyWrite ETFs will distribute to shareholders both the call option premiums collected and the underlying funds’ monthly distributions. TLT, HYG and LQD have grown into important financial instruments in the fixed income markets and have some of the most liquid options markets of any ETF2, Our buy-write exposures expand the functionalities of bond ETFs by unlocking a sophisticated use case with a potential to enhance income for investors in this volatile yield environment,said Stephen Laipply, U.S. Head of Bond ETFs at BlackRock. BlackRock pioneered bond ETFs in 2002 with the launch of four products and this space has since grown 23% annually into a $1.7 trillion industry with more than 1,400 offerings.3 Over 20 years, bond ETFs have become fundamental to fixed income investing and BlackRock estimates they will reach $5 trillion in AUM by the end of the decade. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. About iShares iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 900+ exchange traded funds (ETFs) and $2.78 trillion in assets under management as of June 30, 2022, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

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FINTECH

Banco Santander to Rollout Trovata to Automate Cash Forecasting & Liquidity Management for Corporate Clients

Trovata and Banco Santander | September 05, 2022

Trovata, the leading fintech in automating cash workflows through multi-bank API data aggregation for corporate finance and treasury teams, announced today a global distribution agreement with Santander. Through the partnership, Santander will market & refer Trovata’s cash management platform to its corporate & investment banking clients to modernize treasury workflows through data-driven automation. With Trovata’s next-gen platform, Santander offers its clients a way to digitally transform its cash operating workflows automated cash reporting, deeper insights into analyzing historical cash flows, and a contemporary labeling mechanism that uses artificial intelligence to model out future cash flows in seconds. The companies plan to collaborate in ways to continuously improve cash visibility and cash flow insights to help its large corporate clients make better and faster business decisions. “Santander's commitment to innovation meets our clients' need to evolve tools and adapt their processes to a changing environment. We are really thrilled to bring to our clients the most advanced technology on the market for cash forecasting and liquidity management. Our purpose at Santander is to help our customers grow with the best solutions available. Trovata aggregates and transforms corporate banking data at scale and that automates much of the cash forecasting process, which will allow our clients to gain efficiency.” -Eva Bueno, managing director & global head of cash management for Banco Santander Since February 2018 and coined as open banking, the world’s largest financial institutions have been releasing APIs for direct access. In this way, as opposed to static files, balances and transactions are transmitted much more dynamically, in real time and richer in metadata. Trovata has been there every step of the journey to help the bank’s clients connect. As a result, it has become the world’s largest API-based aggregation hub for corporate bank data with its next-gen Treasury Cloud™ platform. We’re excited to partner with Santander to expand outside the U.S. and deploy Trovata for the bank’s clients in key markets within Europe and Latin America, Cash forecasting with greater visibility, agility, speed, and precision is not only critical, but universal. With data-driven automation, we not only want to make this possible, but available and accessible for every business throughout the world,said Brett Turner, Founder & CEO for Trovata. About Trovata Trovata makes it easy for businesses to automate cash reporting, forecasting, analysis, and money movement. By bridging the gap between banks and accounting systems, Trovata helps companies gain powerful insights into their cash flows and facilitate better and quicker business decisions. As a next-gen technology platform, Trovata is helping many of the world’s largest financial institutions digitally transform commercial and corporate banking with its growing network of direct API integrations. Trovata is based in San Diego, CA. About Banco Santander Banco Santander is a leading commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in the Europe, North America and South America regions, and is one of the largest banks in the world by market capitalization. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising over €120 billion in green financing between 2019 and 2025, as well as financially empowering more than 10 million people over the same period. At the end of the first quarter of 2022, Banco Santander had €1.2 trillion in total funds, 155 million customers, of which 26 million are loyal and 49 million are digital, 9,900 branches and 198,000 employees.

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Spotlight

Aurionpro is a global technology solutions leader that helps clients accelerate their digital innovation, secure their enterprises and optimize business operations. We combine core domain expertise, thought leadership in innovation, security and leverage industry leading IP to deliver tangible business results for global corporations. Employing more than 1,300 domain and technology experts across North America, Asia and Europe, Aurionpro has been consistently recognized amongst the top 100 technology solutions providers for Financial Services companies.

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