FintechOS announces its launch into the US to drive digitalization

 

FintechOS, a global leader in providing market-leading financial services, recently has announced that it will be launching into the US market following its great success in Europe, Asia, and the Middle East. The company primarily is forging links with American credit unions and traditional banks to remove the common obstacles to digitalization that are currently hampering the market.

FintechOS aims to roll out intensive support and consultancy to over 15 new US bank and credit union partners by 2022. To meet the market needs of this ever-changing growth, the company will be hiring 100 new members made across the product management and marketing sectors. The firm is focusing on hiring more members by the end of 2022 so that the total global headcount will surpass 400.

The FintechOS ecosystem will allow its members, banks, credit unions, and insurers to go to market with digital products rapidly than the other banking ecosystem. The company will provide vital banking services that will meet both customer and operational efficiency demands at scale. With its innovative low-code and modular approach, which predominantly augments legacy systems, FintechOS will enable institutions to build, test, and scale cutting-edge digital products and services in just weeks rather than months.

 

EnerVenue is gearing up to revolutionize the renewables segment with its nickel-hydrogen batteries

In few cases, renewable energies tend to build out, leading to under-generation or over-generation of electricity that might need heavier storage capacities. Grids require quite a few batteries, and now lithium-ion batteries are used widely for EVS, battery startup, and consumer electronics. Popular energy company EnerVenue has stated that it has now developed a revolutionary energy storage technology that can outperform the current market offerings. The technology used by Enervenue is nickel-hydrogen batteries which aren’t quite new to the market as it was used before to power satellites, Hubble Telescope, and ISS.

What is now making EnerVenue’s offering unique is the fact that the solutions are more scalable and affordable when compared to the previous offerings from others. Yi Cui, a professor from Standford University, has identified a way to bring the cost down and adapt the materials economically. According to EnerVenue, nickel-hydrogen has numerous benefits when compared to lithium-ion as it can withstand varying temperatures and it requires very little maintenance with a better lifespan. The technology has managed to gain the attention of two big names in the oil and gas segment. Saudi Aramco’s VC arm and Schlumberger and Stanford University have managed to raise more than 100mn in the Series A round.

 

 

Comtrade Gaming Signs Its First US Platform Deal with G3 Esports

Comtrade Gaming, a leading online gaming technology provider, has stated that it is signing a new deal with G3 Esports. It will be Comtrade's first entry into the USA gaming market, especially for full-service esports, gaming, and entertainment agency. As per the deal, Comtrade will provide G3 Esports with its most innovative and efficient igaming platform, iCore, and backend technology for G3's newly launching betting product that targets gamers primarily.

It is also reported that Comtrade Gaming will be delivering value-driven technology solutions. Its iCore platform is a leading igaming platform used by the world's largest gaming companies. The company's expansion into the American market is indeed a huge milestone for the company. Once launched, G3's new wagering platform will provide Comtrade with enterprise-level services, like account management, dynamic segmentation, real-time push messaging, and many more player engagement tools.

Comtrade will also be developing a new igaming platform technology for leading gaming operators, predominantly focusing on player retention and lifetime value. This allows their major operators to focus their marketing efforts, and their backend technology is all taken care of. This new partnership will break new ground in the gaming sector.

 

 

Wipro Wins A Multi-Year Contract from Maxis Broadband Sdn Bhd

Leading global IT player Wipro has scored a major win as it secured a multi-year contract from Kuala Lumpur-headquartered Maxis Broadband. Under this contract, Wipro will provide the leading converged solutions provider several aspects of IT Managed Services for hybrid Infrastructure and application maintenance.

In addition to IT Managed Services for Hybrid Infrastructure and application maintenance, Wipro will also look for new ways to work for Application Development and Testing Services and provide cybersecurity services for Maxis Broadband.

Bhavya Kapoor, Managing Director – Southeast Asia, Wipro Limited said, "We are delighted to be selected as a strategic partner by Maxis, and look forward to supporting them in their IT transformation journey. Our strong capabilities, backed by extensive global experience in working with some of the biggest telecommunication providers in the world, will enable us to deliver this transformational engagement. This partnership endorses the value we bring to the industry and bears testimony to our growing footprint in Malaysia, which is a strategic market for Wipro in Southeast Asia."

Wipro will further support Maxis in leveraging its global service delivery model, telecommunications domain expertise, and Wipro Holmes. This move will help modernize, automate, simplify and standardize Maxis' global IT Managed Services and testing functions.

 

PS5 Storage Expansion Will Now Be Available For All Owners with New Update

In a recent press meet, gaming console giant Sony has stated that it will be announcing the new launch date for the most-awaited and anticipated next PS5 system update. This new version will allow owners to expand the console's onboard storage facility quickly. It will launch the second major software update today, September 15. It is expected that the update will have a lengthy beta period that will allow the select users to test the latest gaming features.

The update will include various changes and enhancements to the PS5 console gaming experience, and it will also include the 3D audio support for built-in TV speakers. The new console will have improved features like M.2 SSD storage expansion, which will allow the PS5 players to store and play PS5 games, PS4 games, and various other media apps from the in-built expanded high-speed storage.

The most exciting update is that the console will have an external storage drive to store PS5 or PS4 games. The latest updated version will be offering a potentially huge boost in onboard storage space. Unlike external drives, PS5 games will natively run from a new internal drive more

 

 

Western Union Joins Forces with Suhyup Bank, Expands in South Korea

Western Union has announced a partnership with Suhyup Bank to offer international money transfer services. This will connect its customers in South Korea to the ones overseas.

This collaboration means that customers can send Western Union money transfers from around 130 Suhyup Bank locations and more than 220 sub-agent locations in South Korea. The plan is to scale up to 480 bank and sub-agent locations by the end of this year.

"Suhyup Bank is a bank steeped in innovation and we always do our best to meet customers’ needs through a variety of financial products and services," said Jooeun Lee, Head of Global Banking Department, Suhyup Bank. "We are glad to collaborate with Western Union, enabling us to expand our portfolio of services and cross-border reach and bringing customers greater ease and confidence as they send money to their loved ones abroad."

This partnership will help customers move funds for cross-border money transfers, enabling payout in cash across more than 200 countries and territories and into bank accounts and wallets in select countries worldwide.

"At Western Union, we are driven by collaborations that drive global connectivity and support our mission of moving money for better," said K. Premmananth, Head of Singapore, Indonesia and North Asia for Western Union. "We look forward to a successful collaboration with Suhyup Bank, expanding access to money transfer services for customers in South Korea."

 

Singapore, India Announce New Project to Link their Fast Payments Systems

Singapore's MAS and India's Central Bank (RBI) have announced a new project to link their respective fast payments systems PayNow and Unified Payments Interface (UPI). This linkage will help the users make instant low-cost money transfers from one bank account to another between Singapore and India.

This linkage will mean that people will be able to make fund transfers from Singapore to India using UPI virtual payment addresses (VPA) and India to Singapore using just mobile phone numbers.

MAS in its statement said, "The connectivity between PayNow and UPI is a major milestone in the development of next-generation infrastructure for cross-border payments between Singapore and India, and is closely aligned with the G20’s financial inclusion priorities of driving faster, cheaper and more transparent cross-border payments."

The UPI-PayNow linkage will build upon the earlier efforts of NETS and NPCI International Payments Limited (NIPL) to foster cross-border interoperability of payments using cards and QR codes, between Singapore and India. This project is expected to improve trade, travel, and remittance flows between the two countries.

Sopnendu Mohanty, Chief FinTech Officer of MAS, said, "By reducing the cost and inefficiencies of remittances between Singapore and India, the PayNow-UPI linkage will directly benefit individuals and businesses in Singapore and India that greatly rely on this mode of payment. Given that PayNow and UPI are integral components of their respective national digital infrastructures, the link between the two systems also paves the way for establishing more comprehensive digital connectivity and interoperability between the two countries."