Digital finance – UK Digitala http://ukdigitala.com/ Fri, 27 Aug 2021 08:03:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ukdigitala.com/wp-content/uploads/2021/06/icon-2021-06-29T121704.452-150x150.png Digital finance – UK Digitala http://ukdigitala.com/ 32 32 Wesfarmers sees online sales jump 57% after digital push https://ukdigitala.com/wesfarmers-sees-online-sales-jump-57-after-digital-push/ https://ukdigitala.com/wesfarmers-sees-online-sales-jump-57-after-digital-push/#respond Fri, 27 Aug 2021 07:33:00 +0000 https://ukdigitala.com/wesfarmers-sees-online-sales-jump-57-after-digital-push/ The brands owned by Wesfarmers Bunnings, Kmart Group, Officeworks and Catch.com.au delivered strong results during the year, totaling $ 3.3 billion in online sales alone. In the company’s 2021 annual results, CEO Rob Scott said Wesfarmers saw a 57% increase in online sales as it bolstered its “digital capabilities.” “We continue to view our digital […]]]>

The brands owned by Wesfarmers Bunnings, Kmart Group, Officeworks and Catch.com.au delivered strong results during the year, totaling $ 3.3 billion in online sales alone.

In the company’s 2021 annual results, CEO Rob Scott said Wesfarmers saw a 57% increase in online sales as it bolstered its “digital capabilities.”

“We continue to view our digital operations as complementary to our in-store offering, with many customers benefiting from this omnichannel experience,” he said on Friday.

As part of this digital push, the retail giant is accelerating the development of a “data and digital ecosystem” to “deliver more transparent and personal experiences” to customers.

She recently appointed Australia Post Executive Managing Director Nicole Sheffield to lead the initiative in the newly created role of Managing Director of Digital and Digital Development.

“To support this initiative, we plan to invest in operating expenses of approximately $ 100 million over the next 12 months,” Scott said.

He added that “the wider investment around [the digital] ecosystem concerns in particular interfaces and customer data flows ”.

“Some of the additional features and improvements we are thinking of [of investing in] are going to be important for the future, ”he said.

Bunnings chief executive Michael Schneider said the brand has also taken “huge steps, not only in terms of technology and infrastructure, but also in terms of the quality of the technology.”

He highlighted projects such as the Bunnings Orientation App and the PowerPass App that have been launched over the past year.

Schneider also said its “click-and-deliver” service was under “a certain degree of pressure due to demand” after drivers were ordered to quit under Covid-19 restrictions.

However, he remains confident in Bunnings’ online competence to switch operations to a full digital experience if needed.

“In the Victoria regional area last week we got two hours’ notice to go from full open to 100% online for retail and the team did an amazing job so I think the models have been well established, that’s understood, “he said.

All of Sydney’s major stores have gone 100% online for retail this week to help ‘reduce movement’ during Covid-19.

Kmart Group, including Marketplace Catch, has been the primary contributor to Wesfarmers’ e-commerce success, with total online sales reaching $ 1.9 billion during the year.

Almost 50% of Kmart and Target’s online sales were made through “click and collect” features.

Wesfarmers CFO Anthony Gianott told investors that “continued investments in data and digital initiatives across the group” have helped push the company’s total capital expenditure to $ 896 million in the year. in fiscal year 21, an increase of 3.3% over the previous year.

“For fiscal 2022, we expect the group’s net capital spending to be between $ 1 billion and $ 1.25 billion,” he said.

Wesfarmers reported statutory after-tax net income of $ 2.38 billion and total group revenue of $ 33.9 billion, up 10% from the same period last year.

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Paytm, HDFC Bank in the context of payments https://ukdigitala.com/paytm-hdfc-bank-in-the-context-of-payments/ https://ukdigitala.com/paytm-hdfc-bank-in-the-context-of-payments/#respond Sun, 22 Aug 2021 17:40:21 +0000 https://ukdigitala.com/paytm-hdfc-bank-in-the-context-of-payments/ Major Fintech Paytm and the country’s largest private bank HDFC Bank Ltd have entered into a strategic partnership to provide financial solutions to end consumers and merchants across India. Merger of HDFC Bank’s credit reporting network, products and capabilities and Patym’s technology platform will accelerate digital transformation in semi-urban and rural India, while attracting more […]]]>

Major Fintech Paytm and the country’s largest private bank HDFC Bank Ltd have entered into a strategic partnership to provide financial solutions to end consumers and merchants across India.

Merger of HDFC Bank’s credit reporting network, products and capabilities and Patym’s technology platform will accelerate digital transformation in semi-urban and rural India, while attracting more people to the channels formal banking, the two companies said.

The strategic partnership with the country’s largest private bank precedes Paytm’s proposed initial public offering (IPO), through which the company plans to increase ??16,600 crore before the end of the calendar year.

The strategic partnership will see the two institutions launch innovative products in digital payments, loans and point-of-sale (POS) solutions.

Paytm and HDFC Bank will build complete solutions for payment gateways, point-of-sale machines and credit products, including Paytm Postpaid, which is a Buy Now Pay Later (BNPL) solution, Eazy EMI and Flexi Pay, have declared the companies.

The first stage of the partnership will include a payment gateway and point of sale solutions for Indian merchant partners. HDFC Bank will be the payment partner, while Paytm will be the distribution and software partner.

HDFC Bank will foster partnerships with merchants across India, to whom Paytm will offer its existing line of Android POS devices. HDFC Bank vendors will start selling Paytm payment solutions in the marketplace.

Paytm and HDFC Bank will also jointly launch a co-branded point-of-sale product in the retail segment, which Paytm will have the opportunity to offer to its own customers.

“Together, we aim to provide innovative digital lending and payment solutions to consumers and merchants. This partnership will strengthen the financial services ecosystem by bringing together our technology and digital solutions and the retail and credit prowess of HDFC Bank, ”said Bhavesh Gupta, CEO of Paytm Lending.

Paytm has more than 333 million users and 21 million merchants on its platform. HDFC Bank has over 50 million credit and debit card customers.

“Through this partnership, we will also jointly deliver improved SmartHub solutions. We think this is the start of a great partnership, ”said Parag Rao, Group Head, Payments, Consumer Credit, Digital and IT Banking, HDFC Bank.

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APOLLO Insurance partners with RATESDOTCA to offer their clients access to integrated digital insurance https://ukdigitala.com/apollo-insurance-partners-with-ratesdotca-to-offer-their-clients-access-to-integrated-digital-insurance/ https://ukdigitala.com/apollo-insurance-partners-with-ratesdotca-to-offer-their-clients-access-to-integrated-digital-insurance/#respond Tue, 10 Aug 2021 18:00:00 +0000 https://ukdigitala.com/apollo-insurance-partners-with-ratesdotca-to-offer-their-clients-access-to-integrated-digital-insurance/ VANCOUVER, British Columbia, August 10, 2021– (BUSINESS WIRE) – APOLLO Insurance Solutions Ltd. (“APOLLO Insurance”), Canada’s leading online insurance provider, has partnered with RATESDOTCA to deliver immediate digital insurance products, specially tailored to the millions of Canadians who use their website each year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210810005754/en/ APOLLO […]]]>

VANCOUVER, British Columbia, August 10, 2021– (BUSINESS WIRE) – APOLLO Insurance Solutions Ltd. (“APOLLO Insurance”), Canada’s leading online insurance provider, has partnered with RATESDOTCA to deliver immediate digital insurance products, specially tailored to the millions of Canadians who use their website each year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210810005754/en/

APOLLO Insurance and RATESDOTCA partnership (Graphic: Business Wire)

Launched in 2019, APOLLO Insurance now offers the largest selection of online insurance in Canada, through brokers and integrated partnerships like this one. With APOLLO, consumers can get a quote and purchase insurance in five minutes, from any device, 24/7. RATESDOTCA has become the first fare comparison website in Canada that offers a fast and easy digital experience.

“RATESDOTCA offers its clients a wide selection of insurance products, ensuring they have access to the best rates,” said Josh Pillsbury, vice president of partnerships at APOLLO. “With this partnership, APOLLO and RATESDOTCA will offer users a fully digital experience, while providing the hyper personalized service that every user deserves.”

Launched in 1999, RATESDOTCA offers a simple and fast digital experience to compare the widest selection of insurance and monetary products on the market. Over 8 million Canadians rely on RATESDOTCA each year for better rates on cars, homes, travel insurance, mortgages and credit cards. Customers saved an average of $ 676 on auto insurance by choosing RATESDOTCA. RATESDOTCA is all about helping Canadians make better insurance and money decisions so they can save time and money to spend on what really matters to them.

“We’re committed to helping Canadians make better insurance decisions, saving them time and money. That’s why we’re thrilled to partner with APOLLO to provide consumers with a seamless, fully digital shopping experience, ”said Sara Kesheh, Vice President, Finance and Corporate Partnerships. .

APOLLO’s proprietary technology platform, APOLLO Exchange, processes insurance business in real time and leverages extensive data and sophisticated algorithms to build quotes, collect payments, create and deliver policies. Thousands of types of small businesses and individuals can buy online without human intervention.

About APOLLO Assurance

APOLLO is the leading online insurance provider in Canada. Our proprietary platform, APOLLO Exchange, enables insurance agents and their clients to purchase their policy immediately, from anywhere, on any device, 24/7.

Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to establish quotes, collect payments, and issue policies for thousands of types of small businesses and individuals without human intervention.

Through traditional agents and integrated financial partnerships, APOLLO redefines insurance distribution. For more information visit: https://apollocover.com/

About RATESDOTCA

RATESDOTCA was launched in 1999 and has grown to become the first rate comparison website in Canada that offers a fast and simple digital experience to compare the widest selection of insurance and money market products on the market. In the last quarter of 2020, RATESDOTCA was rebranded, giving it a fresh, modern and Canadian identity while combining family comparison sites, including Kanetix.ca and RateSupermarket.ca, into one brand. This move has centralized the best comparison products in the insurance and money product lines.

Each year, more than 8 million Canadians rely on RATESDOTCA for better rates on auto, home and travel insurance, mortgages and credit cards. RATESDOTCA is all about helping Canadians make better insurance and money decisions so they can save time and money to spend on what really matters to them. For more information visit: https://rates.ca/

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210810005754/en/

Contacts

David Dyck, Vice President of Marketing and Public Relations
APOLLO insurance
(778) 917-9667
david@apollocover.com

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Digital asset banking startup Greengage raises £ 2.5million https://ukdigitala.com/digital-asset-banking-startup-greengage-raises-2-5million/ https://ukdigitala.com/digital-asset-banking-startup-greengage-raises-2-5million/#respond Mon, 09 Aug 2021 08:00:52 +0000 https://ukdigitala.com/digital-asset-banking-startup-greengage-raises-2-5million/ Greengage, which plans to become the premier digital asset investment bank, today announced the addition of its first institutional investment receiving a £ 2.5million commitment from the Gibraltar-based holding company, IOVlabs. This latest investment will support Greengage’s continued expansion, technological developments and team growth, including the hiring of a new CFO, Operations Manager, Compliance Officer […]]]>

Greengage, which plans to become the premier digital asset investment bank, today announced the addition of its first institutional investment receiving a £ 2.5million commitment from the Gibraltar-based holding company, IOVlabs.

This latest investment will support Greengage’s continued expansion, technological developments and team growth, including the hiring of a new CFO, Operations Manager, Compliance Officer and Head of Money Laundering Reporting. ‘silver.

As a long-standing digital finance investor and builder, IOVlabs is an ideal partner for Gibraltar-based company Greengage. IOVlabs’ vision of creating socially responsible and inclusive financial technology tools aligns closely with Greengage’s own mission, including its goal of supporting the expansion of B2B lending to underserved markets such as SMEs. Greengage will support RSK Blockchain’s smart contract platform and RSK Infrastructure Framework (RIF), which provides the building blocks of a fully decentralized economy.

Commenting on the investment, Sean Kiernan, CEO of Greengage, said: “IOVlabs has long been recognized in Gibraltar – and the world – as one of the leading pioneers in the world of digital finance. Their team combines deep technological expertise with a vision to build a valuable Internet that offers greater financial freedom and is open to all ”. He continued, “We are delighted to have an institutional investor of this caliber and to explore together the future possibilities of cryptocurrencies, digital identity and clean and decentralized finance developed on top of the major platforms- RSK blockchain and RSK Infrastructure Framework forms. We look forward to leveraging this investment to bring innovative new financial services solutions to market. ”

Diego Gutierrez Zaldivar, CEO of IOVlabs, said: “We are delighted to partner with Greengage and join them in making a key contribution to building a more equitable and decentralized financial system. We are excited to be a part of the growth of their strong digital banking platform, which uses cutting-edge technologies to facilitate profitable transactions for underserved SMEs in the traditional currency and crypto-asset markets ”.

Greengage is currently in the regulatory approval process with the GFSC to receive a banking license in Gibraltar.

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UK’s Standard Chartered to Offer Crypto Brokerage Services in Ireland – Finance Bitcoin News https://ukdigitala.com/uks-standard-chartered-to-offer-crypto-brokerage-services-in-ireland-finance-bitcoin-news/ https://ukdigitala.com/uks-standard-chartered-to-offer-crypto-brokerage-services-in-ireland-finance-bitcoin-news/#respond Sun, 08 Aug 2021 16:05:02 +0000 https://ukdigitala.com/uks-standard-chartered-to-offer-crypto-brokerage-services-in-ireland-finance-bitcoin-news/ Zodia Custody, the crypto brokerage firm of Standard Chartered Bank, plans to offer its services to institutional investors in Ireland, Irish daily Independent reported on Sunday. The company operates as an exchange and brokerage for cryptocurrencies and other digital assets. Standard Chartered to provide crypto custody to institutions in Ireland The joint venture specializes in […]]]>

Zodia Custody, the crypto brokerage firm of Standard Chartered Bank, plans to offer its services to institutional investors in Ireland, Irish daily Independent reported on Sunday. The company operates as an exchange and brokerage for cryptocurrencies and other digital assets. Standard Chartered to provide crypto custody to institutions in Ireland

The joint venture specializes in managing investments in digital and crypto assets for financial institutions. It has already onboarded a number of pilot clients since its launch in December 2020. The new entity has applied for registration with the UK’s Financial Conduct Authority (FCA).

The crypto custodian platform was formed late last year by UK bank subsidiary SC Ventures and US wealth and asset management firm Northern Trust. Both parent companies have already invested heavily in blockchain services in recent years, the newspaper noted.

According to a statement released at the time, Zodia will provide custody services for a number of cryptocurrencies such as bitcoin (BTC), bitcoin cash (BCH), ether (ETH), ripple (XRP). ) and litecoin (LTC). Standard Chartered motivated its decision to create the platform with growing institutional interest in digital currencies while noting that institutions only accounted for 9% of crypto investments.

In June of this year, the British banking giant announced that its branch SC Ventures was setting up a cryptocurrency exchange and brokerage service in partnership with BC Technology Group, an investment firm specializing in digital assets, which operates out of Hong Kong. The aim is to provide institutional and corporate clients with access to cryptocurrencies such as bitcoin (BTC) and ethereum (ETH).

Thanks to its friendly business climate, the Republic of Ireland has become a European base for financial institutions and fintech companies. These include Bank of New York Mellon, which launched a “digital innovation hub” in Dublin in May, and financial technology firm Blockdaemon, backed by Goldman Sachs, which has an office in Galway.

The country, which is an EU Member State, offers unhindered access to the Union’s common market. A number of companies in the cryptocurrency industry, including well-known names such as the Kraken digital asset exchange, have established a presence there as well.

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Do you think Ireland is becoming a European crypto hub? Tell us in the comments section below.

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UNIASSELVI, a subsidiary of Vitru, receives authorization to offer digital undergraduate nursing education https://ukdigitala.com/uniasselvi-a-subsidiary-of-vitru-receives-authorization-to-offer-digital-undergraduate-nursing-education/ https://ukdigitala.com/uniasselvi-a-subsidiary-of-vitru-receives-authorization-to-offer-digital-undergraduate-nursing-education/#respond Fri, 06 Aug 2021 20:16:00 +0000 https://ukdigitala.com/uniasselvi-a-subsidiary-of-vitru-receives-authorization-to-offer-digital-undergraduate-nursing-education/ FLORIANÓPOLIS, Brazil, August 06, 2021 (GLOBE NEWSWIRE) – Vitru Limited, or Vitru (Nasdaq: VTRU), today announced that the Brazilian Secretariat for the Regulation and Supervision of Higher Education (Secretaria de Regulação and Supervisão do Ensino Superior) issued Ordinance number 802 on August 5, 2021, relating to the completion of legal and regulatory procedures of the […]]]>

FLORIANÓPOLIS, Brazil, August 06, 2021 (GLOBE NEWSWIRE) – Vitru Limited, or Vitru (Nasdaq: VTRU), today announced that the Brazilian Secretariat for the Regulation and Supervision of Higher Education (Secretaria de Regulação and Supervisão do Ensino Superior) issued Ordinance number 802 on August 5, 2021, relating to the completion of legal and regulatory procedures of the Brazilian Ministry of Education (Ministry of Education) to authorize Uniasselvi to offer a digital undergraduate nursing course.

Uniasselvi obtained the highest possible mark (concept 5) in the authorization process and is therefore authorized to offer the course to 11,100 students per year.

The latest data released by the MEC on undergraduate nursing showed that in 2019, 252,000 students were enrolled in private nursing courses on campus, or about 6% of all private undergraduate students on campus. the campus.

Through its invested companies, Vitru is committed to continuing to provide innovative and quality solutions to its students and is delighted to provide another opportunity with a better education solution.

About Vitru

Vitru is the leading pure distance education group in the post-secondary distance education market in Brazil. Through its invested companies, Vitru provides a comprehensive educational ecosystem focused on a hybrid distance learning experience for undergraduates and continuing education students.

Vitru’s mission is to democratize access to education in Brazil through a digital ecosystem and to empower each student to create their own success story.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of US federal securities laws. Statements contained herein that are not clearly historical in nature are forward-looking, and the words “anticipate”, “believe”, “continue”, “expect”, “estimate”, “intend” , “Project” and similar expressions and future or conditional verbs such as “will”, “would”, “should”, “could”, “could”, “can”, “may” or similar expressions are generally intended to identify forward-looking statements. These forward-looking statements speak only as of the date hereof and are based on Vitru’s current plans, estimates of future events, expectations and trends that affect or may affect our business, financial condition, results of operations, cash flow, liquidity, prospects and the price of Vitru’s common shares, and are subject to several known and unknown risks and uncertainties, many of which are beyond Vitru’s control. Accordingly, current plans, planned actions and future financial condition and results of operations may differ materially from those expressed in the forward-looking statements in this press release. You are cautioned not to place undue reliance on these forward-looking statements when evaluating the information presented. Vitru assumes no obligation to publicly update or revise any forward-looking statements after the issuance of this press release due to new information, future events or other factors.

CONTACT: Contact: Maria Carolina F. Gonçalves, IRO e-mail: ir@vitru.com.br website: https://investors.vitru.com.br/
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CoinPayments Reports Continued Growth Ambitions in Pakistan with Key Business Development Venue https://ukdigitala.com/coinpayments-reports-continued-growth-ambitions-in-pakistan-with-key-business-development-venue/ https://ukdigitala.com/coinpayments-reports-continued-growth-ambitions-in-pakistan-with-key-business-development-venue/#respond Fri, 06 Aug 2021 11:00:00 +0000 https://ukdigitala.com/coinpayments-reports-continued-growth-ambitions-in-pakistan-with-key-business-development-venue/ VANCOUVER, BC, August 6, 2021 / CNW / – CoinPayments, the world’s leading cryptocurrency payment processor, today announced the appointment of an industry veteran Fahad Chahab as business development manager for Pakistan. Mr. Shahab will bring his extensive digital payments and financial services experience to CoinPayments’ global business development and partnership team, helping to strengthen […]]]>

VANCOUVER, BC, August 6, 2021 / CNW / – CoinPayments, the world’s leading cryptocurrency payment processor, today announced the appointment of an industry veteran Fahad Chahab as business development manager for Pakistan. Mr. Shahab will bring his extensive digital payments and financial services experience to CoinPayments’ global business development and partnership team, helping to strengthen the brand’s presence in Pakistani emerging crypto ecosystem.

As the adoption of cryptocurrency continues to increase around the world, analysts are finding that developing countries are setting the tone for crypto implementation and development. The widely used Global Crypto Adoption Index published by Chainalysis ranks Pakistan 15th globally and estimates that the country has received around $ 1.5 billion in cryptocurrency in 2019-20.

“The potential of crypto in Pakistan and other emerging markets is clear, “said Jason boucher, CEO of CoinPayments. “We believe CoinPayments is uniquely positioned to help bring cryptocurrency to the masses, especially the underbanked communities who are looking for alternative ways to protect their personal wealth. We are delighted to welcome Fahad to help us strengthen our presence in Pakistan, and we are looking forward to developing new products and services with its expert input. “

Founding member of 1LINK (National Payment Switch) of Pakistan with nearly 20 years of experience in the payments industry, Mr. Shahab was the first person to Pakistan to obtain the Certified Digital Finance Practitioner (CDFP) qualification from Fletcher School Tufts University and DFI (Digital Frontiers Institute), and has a solid knowledge of the field of payment systems, both from a technical and commercial point of view. His considerable industry experience includes working with multinational banks, financial service providers and global payment brands to build the infrastructure of a digital ecosystem in Pakistan.

“I am delighted to be part of the CoinPayments team and to continue to design the new digital economy in Pakistan“Shahab said.” My work is motivated by the potential of humanity to create more inclusive economic systems that promote equality and progress for all. I believe that digital money can unlock this positive future and that CoinPayments can help make it a reality, ”he added.

“For emerging markets like Pakistan, financial and gender inclusion are important challenges that we must tackle together as a society. In my role at CoinPayments, I believe we can work with the region’s banks, carriers, fintechs and merchants to help them meet these challenges; offering inclusive and accessible solutions to make crypto payments easy. “

Mr. Shahab’s appointment is effective immediately.

About CoinPayments
CoinPayments is the easiest, fastest and most secure way for traders around the world to transact in cryptocurrency. It is the first and largest cryptocurrency payment processor with more than US 10 billion dollars in total transactions to date, while supporting over 2,000 coins, and is the preferred cryptocurrency payment solution for merchants and e-commerce platform providers around the world. Founded in 2013, CoinPayments is dedicated to providing customers with fast, secure and user-friendly crypto payment APIs, shopping cart plugins, digital wallets, cryptocurrency custody and a host of other solutions that support cryptocurrency payment applications. Learn more at: https://www.coinpayments.net/.

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View original content: https://www.prnewswire.com/news-releases/coinpayments-signals-continued-growth-ambitions-in-pakistan-with-key-business-development-appointment-301349967.html

SOURCE CoinPayments

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See original content: http://www.newswire.ca/en/releases/archive/August2021/06/c7975.html

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NBHC expands into auctions and digital transactions https://ukdigitala.com/nbhc-expands-into-auctions-and-digital-transactions/ https://ukdigitala.com/nbhc-expands-into-auctions-and-digital-transactions/#respond Thu, 05 Aug 2021 07:39:47 +0000 https://ukdigitala.com/nbhc-expands-into-auctions-and-digital-transactions/ Bombay (Maharashtra) [India], Aug 5 (ANI / NewsView): The National Bulk Handling Corporation (NBHC) today announced the launch of the “Krishi Setu” electronic app, a unique solution in the post-harvest agricultural value chain. Execution through an end-to-end digitized process. NBHC has developed this advanced electronic marketplace for agricultural products. It is the result of our […]]]>

Bombay (Maharashtra) [India], Aug 5 (ANI / NewsView): The National Bulk Handling Corporation (NBHC) today announced the launch of the “Krishi Setu” electronic app, a unique solution in the post-harvest agricultural value chain. Execution through an end-to-end digitized process.

NBHC has developed this advanced electronic marketplace for agricultural products. It is the result of our commitment to carry on the legacy of technology-driven innovation with the goal of providing all variations of digital auction trading.

With a mission to empower the Farmer Community Farmer Producer Organization (FPO), Krishi Setu is committed to providing knowledge-driven services to increase the efficiency of product auctions / transactions, even with remote access.

It connects buyers and sellers across the country directly electronically, facilitating hassle-free transactions only through intermediaries. In addition, by leveraging market connections to connect market players: farmers, FPOs, government agencies, businesses, traders and processors. Krishi Setu enables an efficient and transparent pricing mechanism.

Ramesh Doraiswami, Managing Director and CEO of NBHC, said: As an innovation-driven company, NBHC makes informed decisions about agricultural marketing by making Krishi Setu an Amazon-like electronic marketplace platform for consumers. agricultural products, further improving the lives of FPO farmers and bringing them to market. My goal is to be able to do without it. Access, transparency and post-harvest value-added services. CSNB Senior Vice President Deepak Kumar Singh said: Digitization. The platform offers tailor-made solutions for effective process-based risk assessment mitigation, in combination with digital finance options. Through KrishiSetu, we are expanding our on-farm supply services through farm-to-customer mediation by leveraging technology-based operational capabilities. We are committed to empowering farmers by opening a gateway to lucrative transactions, characterized by fair prices, transparency and no compromise on quality. A wide range of products in various locations including grains, pulses, grains, oil seeds and spices. You can access this innovative platform from Google Play Store, QR code scanning and websites.

National Bulk Handling Corporation Pvt. Ltd. (NBHC) is a leading provider of integrated services to the Indian agricultural ecosystem, including warehouse storage services, warranty management services, supply chain management services, as well as analytics and quality certifications, pest control and auditing, surveillance control, etc. We provide other related services. ..

Guided by its impressive track record of over a decade, the advantages of a strong and experienced management team and the positive drive of its ownership (Private Equity Major True North), NBHC is a full guarantee. And are poised to emerge as a major player altogether. Product management solution.

Website: This story is provided by NewsView. ANI is not responsible for the content of this article. (ANI / NewsView)

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Robern® IQ ™ digital safe offers discreet storage and peace of mind https://ukdigitala.com/robern-iq-digital-safe-offers-discreet-storage-and-peace-of-mind/ https://ukdigitala.com/robern-iq-digital-safe-offers-discreet-storage-and-peace-of-mind/#respond Wed, 21 Jul 2021 17:57:00 +0000 https://ukdigitala.com/robern-iq-digital-safe-offers-discreet-storage-and-peace-of-mind/ New digital lock box puts security at the forefront while keeping important incidents out of reach BRISTOL, Pa., July 21, 2021 (GLOBE NEWSWIRE) – Robern is proud to announce the launch of its new optional accessory – the Robern IQ digital lock box – scaled to fit most Robern medicine cabinets with the technological advancements […]]]>

New digital lock box puts security at the forefront while keeping important incidents out of reach

BRISTOL, Pa., July 21, 2021 (GLOBE NEWSWIRE) – Robern is proud to announce the launch of its new optional accessory – the Robern IQ digital lock box – scaled to fit most Robern medicine cabinets with the technological advancements that have become synonymous with the Robern brand. Whether it’s keeping medications out of reach, finding a safe place for passports, or the perfect place to store creams and other personal items, the Robern IQ digital lock box offers smart, safe and secure storage in the room. medicine cabinet with peace of mind. spirit within the house.

Secure and reliable home and remote access based on operator preference, the battery-powered IQ digital lock box is easy to use. The owner can access the lock box by the touchscreen numeric keypad, by using the IQ smartphone app (compatible with iOS or Android) or by using the backup keys. Low battery alerts will appear on the IQ digital lock box and app when it’s time to replace the batteries.

The IQ app offers a variety of ways to control your security and is customizable according to user needs:

  • A vault usage dashboard provides a snapshot of recent or long-term activity – giving the user visibility into all activity surrounding the vault

  • Notifications and alerts are broadcast through the app to keep the lock box owner (s) informed of any activity

  • Convenient scheduling of events and daily medication reminders can be set for each family member

  • An audio alarm sends an alert if the lock box detects tampering with a shock and vibration monitor and three-axis tilt sensor

  • Owner has the ability to monitor more than one IQ digital lock box through a single app with a technical support hotline available to allow remote access in the event of an emergency

Each IQ digital lock box has a unique serial number and model registration code, and comes with step-by-step instructions to easily install the lock box in the Robern cabinet, download the IQ Digital Lock Box app and get started. connect to the lock box. An impeccably designed mounting system has been designed for a smooth and seamless installation and to ensure secure placement to prevent removal of the lock box.

The lock box can be adjusted to any height for comfortable access to contents. The IQ digital lock box is available in gray to blend in discreetly with most Robern cabinet interiors. Pictures

About ROBERN
Robern believes that people’s daily routines should never seem ordinary. That’s why its mission is to manufacture mirrors, vanities, medicine cabinets and lighting options that go beyond expectations, mixing thoughtful design, innovative technology, impeccable craftsmanship. and quality materials into products that will transform people’s style spaces and reflect their individual style.

Founded in 1968 in Bristol, Pennsylvania, Robern was born out of Rosa and Bernie Meyers’ belief that individual style should be celebrated and encouraged. Today, their pioneering approach to designing highly personalized stylish spaces remains at the heart of what Robern does. Their commitment to craftsmanship and fine materials is evident in every piece that Robern makes from its Bristol headquarters. In 1995, Robern joined the Kohler Co. family of companies, building on the brand’s comprehensive and thoughtful approach to spaces with exceptional style. From its humble beginnings to a technological force in home design, Robern remains the answer for designers, architects and consumers looking for the best in modern and sophisticated cabinetry, vanities, mirrors and lighting. For more information on Robern products, customers can call 1 (800) 877-2376 or visit www.robern.com.

About KOHLER®
Founded in 1873 and headquartered in Kohler, Wisconsin, Kohler Co. is one of the oldest and largest privately held companies in the United States. Kohler is a global leader in the manufacture of kitchen and bath products, motors and power generation systems, cabinetry, tiles and home interiors, and an international host of award-winning hotels and of world-class golf destinations.

Contact:
Robin richter
Kohler Co.
444 Highland Drive
Kohler Wisconsin, 53044
920-457-4441
http://www.robern.com/

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CFOs Still Trying To Replace Excel With New Tools https://ukdigitala.com/cfos-still-trying-to-replace-excel-with-new-tools/ https://ukdigitala.com/cfos-still-trying-to-replace-excel-with-new-tools/#respond Wed, 21 Jul 2021 09:30:00 +0000 https://ukdigitala.com/cfos-still-trying-to-replace-excel-with-new-tools/ CFOs are always trying to get employees away from Microsoft Excel, the ubiquitous spreadsheet loved and hated by accounting professionals. While many still see it as a useful tool, some CFOs say finance teams rely too much on it, often for tasks that Excel is not well suited to handle. This can lead to mistakes […]]]>

CFOs are always trying to get employees away from Microsoft Excel, the ubiquitous spreadsheet loved and hated by accounting professionals.

While many still see it as a useful tool, some CFOs say finance teams rely too much on it, often for tasks that Excel is not well suited to handle. This can lead to mistakes and a waste of time.

Microsoft Corp.

moved Excel and its other Office products to the cloud ten years ago and has since offered a number of new features and updates. But some CFOs still want to reduce their app dependency in favor of programs that more efficiently automate data collection and analysis. They say there are limits to how effective Excel is, with users struggling to keep up with changes and verify financial information.

Last year’s abrupt shift to remote work during the pandemic, which forced CFOs to manage company finances and close books remotely, highlighted gaps in the use of Excel , said Glenn Hafler, director of consulting firm Hackett Group. Inc.

“The pandemic has really exposed the vulnerability of finance teams due to their reliance on Excel,” Hafler said.

Levi Strauss, Chief Financial Officer Harmit Singh.


Photo:

Jeenah Moon / Bloomberg News

Entering data manually, which many users still do, can be time consuming and lead to errors that go unnoticed, especially when employees are dispersed in remote workplaces.

Pure cycle Corp.

, a water and land management company based in Watkins, Colo., revealed earlier this month that it corrected an accounting error that came from an Excel sheet.

The error was the result of complicated formulas used to allocate costs and a lack of detailed review by company management, said Kevin McNeill, chief financial officer of Pure Cycle.

“Excel is an extremely valuable tool, but I think most businesses, including us, put too much faith in it,” he said.

Pure Cycle, which reported about $ 500,000 in quarterly interest income more than it should have, introduced more controls around its reporting processes and shifted as many tasks as possible into its accounting software to avoid to overuse Excel, McNeill said. The company reported sales of $ 2.6 million in the quarter ended May 31, compared to $ 1.8 million in the prior year period.


“Excel is an extremely valuable tool, but I think most businesses, including us, put too much emphasis on it. ”


– Pure Cycle CFO, Kevin McNeill

Widespread use of the Windows operating system and Microsoft’s Office suite of products in the 1990s helped establish Excel as a leader in the spreadsheet market. Finance employees have become familiar with the program and cultivated their own ways of working over the years. It’s a habit that many have struggled to break, even as new business software and other spreadsheet offerings, such as Google Sheets, have become available.

It’s not just small businesses like Pure Cycle that rely on Excel. Larger companies, for example jeans maker Levi Strauss & Co., which generated $ 4.5 billion in revenue last year, are also using it.

Levi’s manages its supply planning in Excel, which covers raw materials, supplier interactions and capacity planning, according to Harmit Singh, the company’s chief financial officer. But that is about to change, as the company is working on implementing a new artificial intelligence tool to handle these tasks. The transition will take place over the next two years and the first tasks will leave Excel in early 2022, according to the company. “The pandemic has strengthened the business case for change,” the company said.

Microsoft said it updates Excel – which migrated to the cloud in 2011 as part of Office 365 and is now one of the apps in the company’s Microsoft 365 offerings – every month and highlighted new features, such as the one that tracks changes for each worksheet. cell that was launched this spring. Another new feature allows users to create a formula and share it with others in a workbook, a collection of one or more worksheets.

An Excel spreadsheet.


Photo:

Microsoft Corp.

“Excel is a popular product for all of our customers,” said Brian Jones, product manager for Excel, adding that it can be used on any platform or device.

Microsoft declined to provide a recent figure for the number of businesses that use Excel, but reported 258 million paid users of its Microsoft 365 business suite of office products as of the end of the first quarter of 2020. Monthly Microsoft Excel usage is up nearly 30% year on year, according to a spokesperson.

These changes, however, do not take away the desire of CFOs to become less dependent on Excel. “It might help to a certain extent, but integrating complicated calendars into our accounting software is always a better solution,” said Mr. McNeill of Pure Cycle. Levi’s said recent Excel upgrades haven’t changed the need for more sophisticated tools.

Companies looking to replace Excel, at least in part, have a range of options, depending on the task at hand. SAP SE,

OneStream LLC Software, Oracle Corp.

, Anaplan Inc.

and Workiva Inc.

are among the companies offering cloud-based information technology for different parts of the finance function.

Jill Klindt, CFO of Workiva.


Photo:

Workiva inc.

San Francisco-based Anaplan hired Victor Barnes, former chief financial officer of the Coca-Cola division earlier this year. Co.

, to promote its product to professional customers. While at Coca-Cola, Barnes shifted his team from Excel to Anaplan for long-range planning processes, which reduced the time needed to consolidate information by over 70%, to two weeks. , did he declare. Anaplan said its revenue has increased in recent quarters as it has signed more clients.

Workiva provides a software-as-a-service platform for financial and non-financial reporting and compliance, but even so, CFO Jill Klindt says some of her team use Excel, something she tries to limit.

The company’s finance function switched in February to a new planning and analysis tool and automates tasks such as approving expense reports. “We continue to put in place systems that reduce reliance on Excel,” she said, adding that updates from Microsoft to Excel do not change that.

Workiva has also seen an increase in customer demand since the pandemic, Ms. Klindt said.

Consultants say it’s not just IT that needs to change, but also the way people organize financial tasks. Otherwise, companies run the risk of spending money on new systems while employees continue to work in Excel and only copy and paste the data at the end, said Vanessa Keating, who leads the consulting practice in digital finance from Hackett.

“It’s what they know and what they’re comfortable with,” she said of Excel. CFOs need to reorganize workflows and processes to ensure the transition away from Excel is successful.

Yet despite the best efforts of the companies, executives and advisors said they were unsure if Excel would ever really disappear.

“It’s deeply ingrained in people’s minds,” said Ms. Klindt of Workiva. “I’m not the type of person to ban it.”

Write to Nina Trentmann at nina.trentmann@wsj.com

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