BITCOIN AND CRYPTO

Xalles To Acquire Vigor Crypto Holdings

Xalles | December 30, 2020

Xalles Holdings Inc. a fintech holding organization giving innovation and monetary administrations arrangements, will get Vigor Crypto Holdings, LLC as an entirely claimed auxiliary under Xalles Capital Inc.

Vigor Crypto Holdings, LLC, a boutique cryptocurrency firm, has been upgrading its cryptocurrency trading strategies utilizing trading motors or "bots" and has made gigantic progress during the here and there markets in the course of recent years. Vigor Crypto at present has dynamic BTC-USD and LINK-USD trading pairs that have created many beneficial exchanges on an everyday and month to month premise.

In June of 2020, Xalles started working with Vigor Crypto to create demonstrated trading strategies in test conditions with an assortment of cryptocurrency pairs. A trading pair is a capacity whereby two distinct monetary forms can be exchanged between each other. In the course of the most recent a half year of testing, trading returns versus projections far surpassed assumptions.

Xalles plans to utilize the Vigor Crypto strategies and results to help with authorizing chances of the protected innovation. Vigor Crypto presently targets high total assets speculators and institutional trading firms looking to partake in the cryptocurrency markets. With the new runup of Bitcoin, and the general cryptocurrency markets when all is said in done, Vigor Crypto has encountered gigantic premium for its restrictive trading motors and crypto trading strategies.

Xalles Holdings Chief Executive Officer, Thomas Nash, stated, “The acquisition of Vigor Crypto Holdings enables Xalles to gain instant trading access including Bitcoin and Chainlink cryptocurrencies.  We are so pleased with the trading results Vigor Crypto has achieved that we expect to increase company revenue and profit by licensing our IP with potential customers by demonstrating our in-house results.”

About Xalles Holdings Inc.
Xalles Holdings Inc. is a holding company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets in which it can invest and accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. The company places emphasis on leveraging blockchain technologies to provide industry-leading financial reconciliation and auditing solutions, which, over time, will allow for the capture of recurring revenue streams.

Spotlight

In this era of unprecedented economic, regulatory, and technological change, banking institutions need a powerful, agile, and secure analytics solution that can help them transform their data into a lasting competitive advantage. MicroStrategy helps banks quickly analyze and act upon massive amounts of customer, transactional, and operational data by arming them with sophisticated analytics and easy-to-understand visualizations.


Other News
CORE BANKING

Trona Valley Federal Credit Union and Lumin Digital Announce Partnership for Enhanced Digital Banking Services

Lumin Digital | April 21, 2022

Lumin Digital, a PSCU company, announced today that Trona Valley Federal Credit Union (Trona Valley) has signed a multi-year agreement for Lumin Digital's cloud-native platform for online and mobile digital banking solutions. Lumin Digital will support Trona Valley's more than 23,000 members and more than $320 million in assets once the credit union goes live on the platform in May 2022. Trona Valley Federal Credit Union, based in Green River, Wyoming, is a 100% member-owned financial institution dedicated to providing avenues to financial success for every individual member. With a philosophy of "People Helping People", Trona Valley strives to evolve product and service offerings to meet the financial needs of its members, provide individualized attention and put forth every effort to enable members to become financially self-sufficient. Lumin Digital, a cloud-native digital banking platform, provides credit union members with a tightly integrated and customized experience that matches larger financial institutions' offerings. Focusing on service, user experience, safety, and security through sophisticated automation, Lumin Digital helps credit unions and financial institutions drive better engagement with their users through personalized recommendations and communication in the areas of spending insights, financial advice, fraud alerts, and savings goals. Lumin enables credit unions to provide users with real-time updates and new features that add value and simplify everyday banking. All of Lumin's offerings and capabilities are made possible by the team's wealth of industry knowledge, user experience testing, and technological innovation. We're always looking to make banking with Trona Valley FCU easier for our members, We believe Lumin's Digital's platform does just that." Jeremy Gibson, CEO at Trona Valley Federal Credit Union. Trona Valley's commitment to improving the banking experiences of its members whenever and wherever life takes them makes the credit union a natural fit for Lumin's cloud-native digital banking platform, Our comprehensive digital experience will not only expand their core digital offerings to better compete against the nation's leading financial institutions, but will also ensure a smooth transition for their members, ultimately enabling faster time to market for their exciting future digital roadmap items." Jeff Chambers, founder and CEO of Lumin Digital. Lumin Digital continues to drive innovation in the digital banking space, differentiating itself through technology built for human connection. Lumin Digital's offering provides seamless integration to a wide array of PSCU and other platform tools and capabilities, including card services, rewards management, and data analytics to provide a member-centric experience. About Lumin Digital Lumin Digital is a fintech company specializing in digital banking solutions. Through a fundamentally different approach to technology, service, and people, we're creating the next generation of financial solutions each and every day. Lumin helps credit unions and financial institutions build and deploy next-gen digital experiences that help to continually serve, engage, and grow their membership base. While other platforms are partially adapted or retrofitted for the cloud, Lumin is 100% cloud-native. It was built specifically for the cloud environment, allowing us to more fully realize the advantages it offers. It's a difference that financial institutions and their users will see and feel almost immediately. About Trona Valley Federal Credit Union Trona Valley Community Federal Credit Union is a community credit union serving southwest Wyoming for nearly 60 years. Formed through a merger of FMC Employees FCU and Stauffer Big Island FCU, we are open to membership to anyone who lives, works, worships, or attends school in Sweetwater, Uinta, Sublette, Lincoln, Carbon, and Teton counties in Wyoming; and Rich, Morgan, Summit, and Daggett counties in Utah. About PSCU PSCU, the nation's premier payments CUSO, supports the success of more than 1,900 financial institutions representing nearly 7 billion transactions annually. Committed to service excellence and focused on innovation, PSCU's payment processing, risk management, data and analytics, loyalty programs, digital banking, marketing, strategic consulting and mobile platforms help deliver possibilities and seamless member experiences. Comprehensive, 24/7/365 member support is provided by contact centers located throughout the United States. The origin of PSCU's model is collaboration and scale, and the company has leveraged its influence on behalf of credit unions and their members for more than 40 years. Today, PSCU provides an end-to-end, competitive advantage that enables credit unions to securely grow and meet evolving consumer demands.

Read More

FINANCIAL MANAGEMENT

Atomic and Bond Strengthen Partnership with Repay to Offer Consumers New Financial Lifelines

Atomic | June 10, 2022

Atomic, the market-leading payroll connectivity solution, and Bond Financial Technologies Inc., the leading embedded finance company, announced the deepening of their existing partnership with the launch of Atomic's Repay product, which allows customers to embed repayment of financial obligations over time directly from their paycheck. Repay allows consumers to make recurring payments, such as breaking up monthly rent or repaying a loan in smaller installments instead of larger lump sums. This service saves financially strained consumers from taking out a loan or missing repayment dates by connecting repayments from their wages instead of a bank account. In the case of an employer benefit, the administrative costs are assumed by employers, making it a desirable option for those seeking easier ways to make ends meet. Repay gives consumers the tools to take control of their personal finances, both income and liabilities, and for customers to proactively tailor products to their user's financial profile with payroll data. For financially vulnerable consumers, it works as a fractional repayment plan that gives them a lifeline to pay for things they need without having to risk falling behind on bills and incurring an avoidable fee, Meanwhile, our customers now have a novel option to build goodwill with consumers by offering better interest rates while minimizing default and late repayment risks." Jordan Wright, Co-founder and CEO of Atomic. Atomic uses Bond's embedded finance infrastructure to create and open user bank accounts and avoid the burdensome integration with a sponsor bank, as well as managing KYC, ongoing transaction monitoring and compliance. When a user signs up, Repay connects payroll information, Bond opens a demand deposit account (DDA) for the user, calculates the fractional deposits, manages payment according to the due date, and automatically makes the payments on time. As an added benefit, users have full visibility into how their funds are moving around — the system monitors all deposits and distributions, provides continuous access to activities, and when needed, will refund any overpayment to the user — reconciling it all, usually in under a week. Bond is thrilled that we could partner again with our friends at Atomic, Atomic and Bond together bring a seamless, integrated solution to a major problem that often leaves employees confused and employers concerned about their workers' financial well-being." Roy Ng, CEO and Co-founder of Bond. Several partners have joined Atomic's Repay beta and the initial consumer sentiment for the product is positive. Dónde, which offers travel savings accounts as an employment benefit, enables workers to save and pay for travel, increasing usage of paid time off and improving overall workplace satisfaction. Our customers know the importance of taking time off, but their employees must figure out how to save and plan for a vacation in a way that doesn't add more stress and negate the benefit of time away. Repay can meet a popular pain point for workers to stably fund the account from their payroll and maximize their employer match. Atomic's solution has made it seamless for us to deliver on our promise to help employees stay centered." Rilee Buttars, CEO of Dónde. About Atomic Atomic is the market leading provider of payroll APIs, trusted by 12 of the largest fintech firms, including digital-first neobanks, alternative lenders, and digital brokerages. Atomic's payroll integrations provide the infrastructure to connect consumers to their financial data, automate setting up and updating direct deposits, repaying financial obligations from their paycheck, accessing earned but unpaid wages, and tapping tax withholdings on-demand. Atomic simplifies complicated payroll integrations with a single API that covers over 450 unique payroll connections, including incumbent payroll providers, bespoke enterprise solutions, modern HR tech providers, gig-economy platforms and government systems. Atomic's payroll APIs cover 75% of the U.S. workforce with a combined reach of 125 million workers. Atomic has raised $78.6 million from investors, including Mercato Partners, Core Innovation Capital, Portage, and Greylock. About Bond Bond enables any company to become a fintech. Through Bond's full-stack embedded finance platform, customers can offer personalized and compliant financial products to their end users, including high value-add products such as credit builder cards and commercial charge cards. Bond was founded in 2019 by industry veterans from Blackrock, Goldman Sachs, SAP, SoFi, and Twilio, with deep roots in financial services, technology and enterprise software. Bond is a remote-first company, with office locations in San Francisco (HQ), New York City and Salt Lake City.

Read More

PAYMENTS

Affirm Partners with Agoda to Bring Travelers More Flexible Payment Options

Affirm | June 14, 2022

Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with global travel platform Agoda, part of Booking Holdings, the world’s leading provider of online travel and related services. Now, eligible travelers can book their hotel accommodations for upcoming trips across the Agoda platform both on web and via the app and pay over time for bookings over $50. By selecting Affirm as a checkout option on the platform, eligible travelers can split the total cost of purchases into either biweekly or monthly payments for as low as 0% APR. They are shown the total cost of their purchase and will never pay more than the agreed amount upfront. With Affirm, customers will know exactly what they owe with no additional late charges or hidden fees. Agoda integrates Affirm’s Adaptive Checkout to offer customers dynamic payment options to suit a variety of budgets and preferences, including four interest-free biweekly payments as well as monthly payment options. We are always looking for innovative ways to help more people access travel, using tech to simplify the search, booking and payment processes, The launch of pay-over-time options with Affirm will enable travelers in North America who might have previously found it inconvenient to pay for their booking in one lump sum to spread the costs over multiple payments without incurring any compound interest or additional costs. We’re helping consumers get back out into the world of travel – on their own terms.” Agoda’s Chief Financial Officer Thi-Mai-Linh Bui. According to a recent Affirm Consumer Spend Report, 80% of consumers agree that 2022 will be the year they splurge on a bucket-list trip and nearly 30% plan to pay for travel expenses over time instead of all at once, Our partnership with Agoda gives more travelers a budget-friendly way to pay for their next milestone vacation so they can travel without concern for late or hidden fees.” Affirm’s Chief Revenue Officer Geoff Kott. Agoda joins over 200,000 Affirm retail partners, including American Airlines, Vrbo, Priceline, Vacasa, and more. Offering Affirm at checkout can reach new customers, drive overall sales, increase average order value and customer repurchase rates. About Affirm Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees. About Agoda From its beginnings as an e-commerce start-up based in Singapore in 2005, digital travel platform Agoda has grown to offer a global network of over 2.5 million properties in more than 200 countries and territories worldwide, offering travelers easy access to a wide choice of luxury and budget hotels, apartments, homes and villas, to suit all budgets and travel occasions. In 2019, Agoda added a flight product and packages to help make travel even easier.

Read More

PAYMENTS

Data Mynt Crypto Payment Gateway Now Live On Bitcoin Lightning Network

Financial asset, loan, Banks, Cryptocurrency, payments. | April 19, 2022

Data Mynt, the world's fastest growing cryptocurrency payment gateway, has launched support for its fourth major blockchain network in as many months, the Bitcoin Lightning Network. Data Mynt now facilitates seamless payments to and from all Lightning Network enabled wallets in addition to Polygon Network, Ethereum Mainnet, and Bitcoin network wallets and assets. Data Mynt merchants and partners, which are on schedule to number in the tens of thousands by the end of Q2 2022, now receive and send payments from all Lightning Network enabled wallets such as Cash App and Strike. Favored by nation states such as El Salvador and household brandnames including Twitter, PayPal and Whole Foods, Bitcoin is the world's most widely used digital asset. Data Mynt is on pace to be the global leader in crypto payments by supporting all major blockchains, all enabled wallets and their owners' crypto-of-choice. The Data Mynt gateway enables merchants, funds, and enterprises to expand their payment options for their crypto customers, investments, and partners. At the same time, it reduces payment processing costs and eliminates frictions such as chargebacks and crypto price volatility. Every day, Bitcoin is less about a store of value and, arguably, the currency-of-choice for day-to-day utility." Data Mynt CEO Alex Christian. The Lightning Network is the key to unlocking the user experience and scalability for BTC payments that the entire world was waiting for." "Data Mynt's leadership in adopting Lightning will help bring Bitcoin to the next billion people around the world." Elizabeth Stark, CEO and Co-Founder at Lightning Labs. About Data Mynt Data Mynt is a global crypto payment processing gateway. Its wallet, asset and blockchain-agnostic suite of solutions offer partners and merchants an omnichannel approach to receiving and sending on-chain crypto payments free from volatility, risks, and costs of traditional payment methods. The Data Mynt payment solution is also designed to streamline implementation via API, branded web page, iFrame and merchant app, while consistently delivering a seamless customer experience for hundreds of thousands of merchants. About Lightning Labs Lightning Labs is building the next generation of decentralized, resilient financial infrastructure. We believe systems based on cryptography, blockchains, and smart contracts will enhance financial cooperation around the world in unprecedented ways at scales both large and small. We have developed Lightning Network Daemon (lnd) the most advanced and most developer-friendly implementation of the Lightning Network protocol. Along with Neutrino, an open platform that enables users with mobile devices to conduct blockchain and Lightning Network transactions quickly and easily.

Read More

Spotlight

In this era of unprecedented economic, regulatory, and technological change, banking institutions need a powerful, agile, and secure analytics solution that can help them transform their data into a lasting competitive advantage. MicroStrategy helps banks quickly analyze and act upon massive amounts of customer, transactional, and operational data by arming them with sophisticated analytics and easy-to-understand visualizations.

Resources