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PR Newswire

Top Investors Back FalconX as The Need For Reliable Execution & Institutional Conviction In Digital Assets Continues To Soar

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GIC and B Capital Lead $150 Million Series D Funding Round, Valuing FalconX at $8 Billion

SAN FRANCISCO, June 22, 2022 /PRNewswire/ — FalconX, a digital assets platform for institutional investors, today announced a $150M Series D financing round, valuing the company at $8 billion. The round was led by GIC and B Capital, with participation from Thoma Bravo, Wellington Management, Adams Street Partners and Tiger Global Management. This venture round more than doubles the value of FalconX after its Series C raise in August 2021 that valued the company at $3.75 billion. FalconX has now raised $430 million+ from the world’s leading investors, making it one of the most valuable crypto prime brokerages in the world.

Momentum Is Strong Throughout Recent Market Stress Tests

There has been a definitive flight to quality in both the public and private markets – with investors focused on strong, profitable and sustainable companies. In Q1 2022, FalconX had the strongest quarter of customer onboarding in the company’s history, despite the volatile public and private markets. This growth is driven by demand from a diverse range of institutional market customers who are looking for a reliable execution platform in volatile crypto markets, capital efficiency to scale returns and strong risk management.

“FalconX is one of the very few crypto prime brokerages who do not take on market risk, so we’re not in conflict with our clients and their trading strategies. In light of recent market conditions, this is extremely valuable to our clients who demand a reliable market infrastructure provider. This investment is a validation of our client-first focus, the health and strength of the crypto industry, and the move towards digital asset transformation,” said Raghu Yarlagadda, CEO and Founder of FalconX.

FalconX At the Forefront of Digital Asset Transformation

We are in the early stages of a shift towards digital asset transformation and crypto is the first use-case. Soon, every asset will go through a transformation, leverage tokenization and become truly global. This will unlock unparalleled value in industries where 24/7 liquidity and credit did not exist previously. From the world’s largest hedge funds to fintech companies, boardrooms are focused on digital asset transformation. FalconX is driving this transformation by creating the underlying infrastructure required to not just access crypto but pave the way for traditional assets such as equities to be tokenized.

“FalconX is a key liquidity provider for Apex Crypto and a key partner that contributes to best pricing,” said Danny Rosenthal, CEO of Apex Crypto. “We are proud to partner with FalconX to provide strong markets for our customers, representing over 4.5 million cryptocurrency accounts, in a seamless and capital efficient manner. We look forward to our future with FalconX.”

Premier Talent Is Hungry to Be Involved in the Early Stages of Crypto

While there has been a public narrative that the current hiring trend across the technology ecosystem is slowing down, FalconX’s growth strategy remains unchanged. The company is currently hiring across departments. As one of the leading talent hubs in the world of crypto, the company recently announced the hiring of key executives like Suzy Walther (formerly of Carta) and Jon Kaplan (formerly of Pinterest). Because the crypto industry is well funded with more capital eager to engage, premier talent is hungry to be involved in these early stages.

“We partner with companies that will have lasting impacts on the industries and customers they serve. As a tech-first digital asset infrastructure platform, FalconX provides a holistic product offering paired with unparalleled execution that supports over 70M+ transactions on a monthly basis. They are well-positioned to lead the ongoing institutional transition to digital assets for years to come,” said Rashmi Gopinath, General Partner, B Capital.

Last month, FalconX became the first CFTC-registered crypto-focused Swap Dealer and one of the first crypto-focused Primary Level Members of the International Swaps & Derivatives Association (ISDA). As a result of adhering to these regulatory and industry standards, U.S. institutions can now engage with this regulated product in a predictable and familiar way.

To learn more or get started with FalconX today, visit https://falconx.io.

About FalconX

FalconX is a fully comprehensive digital asset platform that allows institutions to access and manage all of their crypto strategies through a single interface and seamless workflows, making it easy to execute trading, credit and clearing all in one place. FalconX’s crypto-as-a-service offering powers leading banks, FinTech institutions and investment applications to easily add crypto to their product offerings with a goal of enabling the next billion users to enter the crypto space. The company is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, Chicago, Bengaluru and Malta. For more information visit falconx.io  or follow them on Twitter  and LinkedIn.

MEDIA CONTACT: 
Kasey Christolos 
Next PR 
FalconX@nextpr.com

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PR Newswire

SS&C Partners with Xcentuate to Support Customer Digital Transformation Journeys

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WINDSOR, Conn., June 22, 2022 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced a new partnership in the EMEA and APAC regions with Xcentuate, an award-winning international provider of digital productivity and performance solutions to the financial services, agricultural, pharma and public sectors.

The partnership follows SS&C’s recent acquisition of Blue Prism, the leading Robotic Process Automation provider, further demonstrating its commitment to the intelligent automation solutions market. Xcentuate, based in Dublin, Ireland, will serve as a consulting and implementation partner, acting as an extended team to advise, implement, support and deliver complex projects.

“We are delighted to partner with Xcentuate,” said Gautam Moorjani, General Manager, SS&C Intelligent Automation Solutions. “The EMEA and the Asia Pacific regions are markets with a lot of appeal – with resilient and developing economies and talented, skilled workforce. In addition, the potential for operational automation to transform how businesses work is significant.”

The partnership will enable SS&C to leverage Xcentuate’s vast experience to access new potential customers, take new value propositions to market, develop point solutions to address current market needs, and enhance its specialized professional services to our customers.

“The SS&C partnership is of significant strategic importance to us regarding our offer to the market,” said Ray Bowe, Xcentuate founder and CEO. “The breadth and depth of SS&C’s expertise in financial services and healthcare technology are unmatched. In addition, this new partnership further broadens the suite of services we can offer to firms in EMEA and the Asia Pacific with an ambitious digital transformation agenda.”

Learn more about SS&C Intelligent Automation Solutions.

About Xcentuate

Headquartered in Dublin, Ireland, Xcentuate serves a range of industries including financial services, agriculture, pharma and public sector.

Xcentuate works with customers in EMEA and Asia-Pacific regions to transform their business operations using a suite of best-in-class technology to deliver sustainable advantage. Combined with award-winning operational expertise and a track record of delivery, they support businesses in transforming their customer experiences and enabling them to optimise control and productivity while building an engaged, enthused workforce.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

SOURCE: SS&C

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on Twitter, LinkedIn and Facebook. 

PR Newswire

Aiken Digital – SG / MY Join Forces with Onyx Island

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SINGAPORE, June 20, 2022 /PRNewswire/ — Aiken Digital, a global growth agency that specialises in growth consulting, experience design, system development, creative & content, XB ecommerce and SaaS products, and Onyx Island, a leading digital experience agency in APAC, announced today on the completion of the merger between Aiken Digital and Onyx Island with a total workforce strength of 80 based in Singapore, Malaysia and Indonesia.

In connection with the merger, Onyx Island will become a wholly owned subsidiary of Aiken Digital. This merger will see a synergistic collaboration between the both agencies and evolve its offerings to serve the combined customer base of Aiken Digital & Onyx Island. Currently, the combined clientele includes Mastercard, L’Oréal, Luxottica, LVMH, Sotheby, L.D. Waxson, Beam Suntory, Cortina Watch, Philip Morris SG/MY, Salesforce APAC, NTUC and more.

From this merger, Aiken Digital will be known as Aiken Group, which will streamline its core businesses into 4 key business units as follows:

  1. Aiken Digital – Digital Consulting & Services
  2. Fixx Labs – Web 3.0 & Blockchain Solutions
  3. Social Commerce Cloud
  4. Esports & Gaming

Joseph Chua, CEO of Aiken Group, said, “Building upon our proven track record of successful M&A, this merger combines our expertise in consulting and digital experiences as we reimagine what we can deliver to customers as a leading global growth agency. We look forward to Onyx Island’s team joining Aiken Digital, further cultivating a shared culture of innovation and driving even greater value for Aiken Group’s stakeholders and partners.”

Danny Murong, Managing Director of Onyx Island, said, “Onyx Island has been reshaping the digital experience landscape for the past 10 years, helping our clients to improve the user’s experience through digital platforms/products. We stand for innovation and unwavering support of our clients and their business operations and now we are extending our commitment to exceptional service and innovation. Combining our assets and talented team with Aiken Digital’s experience in this field creates a remarkable growth agency to serve the needs of all our existing and future clients. Collectively, we will deliver even more value and innovation to customers, enabling them to thrive in this increasingly complex multi-cloud era.”

Danny Murong (pictured 5th from left), Zhi Wei Koh (pictured 3rd from left), Joshua Ooi (pictured 1st from right) & Wei Liang Lee (pictured 4th from right)
Danny Murong (pictured 5th from left), Zhi Wei Koh (pictured 3rd from left), Joshua Ooi (pictured 1st from right) & Wei Liang Lee (pictured 4th from right)

Following the closing of the merger, Aiken Digital will strengthen their ranks with a few key leadership positions within Singapore & Malaysia operations. The agency will appoint Danny Murong as the Chief Operating Officer (COO) – Aiken Group, Zhi Wei Koh as the Creative Director, Joshua Ooi as the Project Management Office Lead (PMO) and Wei Liang Lee as the Technical Lead.

About Aiken Digital

Aiken Digital is an established growth agency that focuses on developing technology solutions powered by AI to ignite a new generation of growth for companies.

Aiken has a global footprint with 7 offices worldwide in Malaysia, Singapore, China and UK. Founded in 2006 and head-quartered in China, Aiken serves multiple large clients such as Mastercard, Sotheby, L’Oréal, and more.

About Onyx Island

Onyx Island’s expertise in Digital Marketing, Social Media, UI/UX Design, Web Development, CRM Implementation & System Integration, Marketing & Sales Automation has helped key clients such as Beam Suntory, Cortina Watch, Luxottica, Philip Morris and Salesforce APAC build a positive user experience for their brands, fostering lasting and valuable relationships with their customers.

Founded in 2010, Onyx Island is headquartered in Singapore with regional operations in Bangladesh, Indonesia and Malaysia.

PR Newswire

Nintex Solution Innovation Awards 2022 Finalists Announced

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Nintex’s annual customer awards program recognises public and private-sector organisations across the globe for transforming the way people work with process intelligence and automation

AUCKLAND, New Zealand, June 15, 2022 /PRNewswire/ — Nintex, the global standard for process intelligence and automation, today announced the finalists for its 2022 Nintex Solution Innovation Awards program across five categories. The annual awards program recognises organisations in the Americas, Asia Pacific, Europe, and Middle East and Africa regions that have successfully used Nintex solutions to transform the way people work.

“We are excited to recognise the Nintex Solution Innovation Awards finalists for their success in leveraging the Nintex Process Platform,” said Nintex President Global Go to Market, Ben Brewer. “These finalists across industries and continents are driving impactful and meaningful results for their employees, customers, and partners. Our Nintex community has never been stronger.”

Organisations leveraging any combination of capabilities from Nintex—Nintex Promapp®, Nintex Workflow, Nintex Forms, Nintex DocGen®, Nintex RPA and Kyron RPA, Nintex Mobile and App Studio, Nintex Drawloop® for Salesforce, Nintex AssureSign®, Nintex Analytics, Nintex K2 Five, and more—were eligible to enter the Nintex Solution Innovation Awards program. Finalists in the 2022 program were chosen based on nominations that were submitted directly by Nintex customers or by Nintex partners, on behalf of one of its customers, for process improvements or automated solutions they built and successfully deployed.

Finalists by award category for the 2022 Nintex Solution Innovation Awards include:

Regional Transformation Leaders

  • Americas: GM Financial, Quaker Houghton, and Williams Engineering
  • Asia Pacific: Austral Construction, DHL Express Malaysia, and Pan Pacific Hotels Group
  • Europe: DuPont De Nemours, Fidelity International, and Twinings
  • Middle East & Africa: First Quantum Minerals, Oman Arab Bank, Ministry of Tourism of Saudi Arabia

Game Changing Solution-Specific Deployments

  • Process Excellence with Nintex Promapp®: Austral Construction, EverAbility Group, and Thermo Fisher Scientific
  • Operational Performance with Nintex DocGen®: 360 Mortgage Management Systems, Consilio, and Dubai South
  • Breakthrough Use Cases with Nintex RPA: BGL Group, IQumulate, Johnson & Johnson
  • Cloud-Based Success with Nintex Workflow Cloud: Newson Health, UVA Health, Waverton Investment Management, and Yancoal Australia

Industry Breakthroughs

  • Financial Services, Americas: Banco Internacional de Costa Rica, Capital Farm Credit, and GM Financial
  • Financial Services, Asia Pacific: 360 Mortgage Management Services, Auswide Bank, and IQumulate
  • Financial Services, Europe: BGL Group, Fidelity International, and Waverton Investment Management
  • Financial Services Middle East & Africa: Oman Arab Bank and Wema Bank
  • Health & Life Sciences: Johnson & Johnson, Newson Health, Sivantos, and UVA Health
  • Manufacturing & Construction, Americas: Draeger, Quaker Houghton, Thermo Fisher Scientific, and Williams Engineering
  • Manufacturing & Construction, Asia Pacific: Austral Construction and Harrison Group
  • Manufacturing & Construction, EMEA: Al Naboodah Group, DuPont De Nemours, Pikolin, and Trelleborg
  • Metals & Mining: Enaex Africa, First Quantum Minerals, and Yancoal Australia

Public Sector Excellence

  • Public Sector, Americas: City and County of Denver and Delaware Department of Transportation (Division of Motor Vehicles)
  • Public Sector, Asia Pacific: AgriFutures, Light Regional Council, and Tote Board
  • Public Sector, Middle East & Africa: Saudi Authority for Industrial Cities and Technology Zones (MODON), Saudi Arabia Ministry of Communications and Information Technology, and Ministry of Tourism of Saudi Arabia

Education & Non-Profit Success

  • Education: Auburn University, Busy Bees Asia, Khalifa University, and Trinity Grammar School
  • Non-Profit: EverAbility Group, Heartland Alliance, and National Association for the Advancement of Colored People (NAACP)

Nintex will announce all winners of the Nintex Solution Innovation Awards 2022 on Wednesday, June 22, 2022 along with one organisation named the 2022 Nintex Champion for its overall success with the Nintex Process Platform.

To learn how more organisations across every industry are going digital faster and transforming the way people work with the Nintex Process Platform, visit https://www.nintex.com/why-nintex/case-studies/.

Media Contact

Laetitia Smith
Nintex 
laetitia.smith@nintex.com
cell: +64 21 154 7114

About Nintex

Nintex is the global standard for process intelligence and automation. Today more than 10,000 public and private sector organisations across 90 countries turn to the Nintex Process Platform to accelerate progress on their digital transformation journeys by quickly and easily managing, automating and optimising business processes. Learn more by visiting www.nintex.com and experience how Nintex and its global partner network are shaping the future of Intelligent Process Automation (IPA).

Product or service names mentioned herein may be the trademarks of their respective owners.

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PR Newswire

Payboy Launches Paybeyond to Help Streamline International Businesses’ Payroll and HR System

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The upgraded HR and payroll system to improve business’s efficiency by providing secure, direct employer-employee access with the integration of leading financial software ecosystem partners.

SINGAPORE, June 13, 2022 /PRNewswire/ — Singapore-based payroll and human resources (HR) management software company Payboy launches Paybeyond, an integrated payroll and remittance system to seamlessly pay out local and overseas-based employees.

To view the Multimedia News Release, please click: https://www.prnasia.com/mnr/Payboy_202206.shtml

Convert the balance at a lower exchange rate than traditional banking remittance
Convert the balance at a lower exchange rate than traditional banking remittance

Make local and global salary payments with one simple process.
Make local and global salary payments with one simple process.

The easiest way to pay anyone, anywhere
The easiest way to pay anyone, anywhere

Reduce data risk associated with unsecured bank documents & file transmission
Reduce data risk associated with unsecured bank documents & file transmission

“At Payboy, we are always looking for ways to improve and simplify our system so that entrepreneurs and businesses can eliminate any operational hassles they may experience.
And now, by rolling out Paybeyond, we aim to help more Singaporean SMEs streamline their payroll and HR processes so they can focus on growing their business. At the same time, they can maintain their most valuable asset, the people,” said Nigel Lim, Chief Executive Officer of Payboy.

With a short and single workflow, Paybeyond provides direct and immediate cross border payouts with a secure transaction technology powered by Rapyd, a watchlist for remittance in various currencies to a dedicated wallet allowing storage of SGD and USD as well as supporting several payment modes, including GIRO, FAST, and SWIFT.

These simplified remittance processes can be applied to any employment arrangement, whether working with freelancers, full-timers, and contract employees, while enabling regulatory compliant cross border payments that are transparent and precise.

Payboy can also be effortlessly integrated with other well-known applications in the ecosystem; for instance, Xero, Quickbooks, and Financio to assist with accounting processes which makes it easier for businesses to hire, pay, manage and support their employees all in a dashboard and app.

In addition, Payboy streamlines HR operations to ensure businesses obtain full visibility on the automated payroll calculation, shift scheduling, attendance, leaves, and submitted claims, within an intuitive experience.

Continuous Automation of HR Processes

Payboy is proud to announce that we have recently partnered with the Ministry of Manpower’s (Singapore) Manpower Research & Statistics Department. We are able to fully automate our customers’ monthly employee data submission. With this feature, employers no longer have to manually generate reports to send to MOM as Payboy’s system offers an automated submission of the Occupational Employment Dataset (OED) and Labour Market Survey (LMS). Employers would have the option to choose between manual or automatic schedules, freeing up their time to focus on their business and employees.

The Ministry of Manpower conducts official national surveys on the labour market involving numerous households and businesses in Singapore. The statistics and insights help shape national manpower policies and programmes that affect many of us.

To celebrate the launch of Paybeyond, Payboy is offering a six-month free payroll subscription for Paybeyond users, in addition to its various support processes, such as Online Support Center and Payboy Helpline.

For more information, visit https://payboy.sg/paybeyond/

About Payboy

Payboy is a Payroll and HR Management Software that automates essential HR processes through a unified ecosystem so that businesses can focus on the HR work that truly matters – bringing out the best in their people. Coming from a SMEs background, Payboy understands the intricacies and problems fellow businesses face. Payboy, therefore, coined the catchphrase “Build for People, Build with People” to reiterate the company’s ethos of creating and improving technology that is simple, nice, and easy to use.

Media Contact
Email: hello@payboy.biz

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PR Newswire

TALENT, TECH, AND TRADE REVEALED AS THE KEY DRIVERS FOR MERGERS AND ACQUISITIONS, NEW RESEARCH FROM EVERSHEDS SUTHERLAND SHOWS

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LONDON, June 11, 2022 /PRNewswire/ — According to a new M&A report launched today by global law firm Eversheds Sutherland – Putting the pieces into place: The next drivers of strategic M&A – 70%  of global business leaders view the “triarchy” of talent, technology, and trade as core to their future M&A business strategy.

  • Talent: 72% of business leaders see talent retention and acquisition as important in their organizations’ business strategy over the next year. Three in five (62%) also believe the “Great Resignation” is acting as a catalyst for M&A as the battle for talent continues.
  • Technology continues to drive organizations’ business strategies, with almost 80% of business leaders seeking to improve their cyber security and three-quarters seeking digital transformation. M&A is seen as a rapid way to absorb new technology and expertise, with 74% saying M&A was important in bridging technology gaps.
  • Trade: Impacted by supply chain disruption and trade sanctions, 68% of business leaders say that increasing supply chain resilience will be a strategic M&A priority over the next year. 72% of business leaders also see increasing supply chain resilience as important to their organization’s business strategy over the next year.

The global Eversheds Sutherland study is based on opinion research conducted in early 2022 amongst 1,200 business leaders and across 16 markets around the world. Respondants from a wide range of sectors provided both a detailed and expansive global view.  

Eric Knai, Partner and Head of International M&A at Eversheds Sutherland, says: “We are delighted to launch our report Putting the pieces into place: The next drivers of strategic M&A to the market. After a turbulent few years in the wider business landscape , the rapidly changing economy has prompted leaders to reflect on how to best position their organizations for the future. Our research revealed that the majority of business leaders see talent, technology and trade as the main factors impacting the M&A landscape.” 

Robert Copps, Partner and head of US M&A at Eversheds Sutherland, says: “A number of factors are impacting the M&A landscape, inflation and rising energy prices, rising interest rates, stock market turbulence and the ongoing effects of the global pandemic.   Notwithstanding these challenges, the study shows that organizations continue to face the same urgent strategic gaps that need to be bridged in order to grow and that they will continue to seek to bridge those gaps through M&A.”

ENDS

About Eversheds Sutherland

As a global top 10 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 61 of the FTSE 100, 70 of the Fortune 100 and 128 of the Fortune 200.

With more than 3,000 lawyers, Eversheds Sutherland operates in more than 70 offices in over 30 jurisdictions across Africa, Asia, Europe, the Middle East and the United States. In addition, a network of more than 200 related law firms, including formalized alliances in Latin America, Asia Pacific and Africa, provide support around the globe.

www.eversheds-sutherland.com

PR Newswire

How OPay partnered with MasterCard: International Financial Institutions Boost Fintech in Emerging Markets

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LAGOS, Nigeria, June 10, 2022 /PRNewswire/ — More and more international financial institutions are participating in the development of Fintech in emerging markets. MasterCard recently established a strategic partnership with OPay, a Fintech unicorn in emerging markets.

On May 19, 2022, MasterCard and OPay, a fintech company focused on emerging markets, announced a strategic partnership to enable OPay consumers and merchants across the region (including Algeria, Morocco, Egypt, Nigeria, Ethiopia, Kenya, Pakistan, South Africa, and the United Arab Emirates) will be connected to brands and businesses across the globe through the OPay wallet. The move will open the door to digital commerce for millions of people in the Middle East and Africa, driving wider financial inclusion and economic prosperity.

MasterCard has comprehensively deepened its financial inclusion initiatives around the world, promising to empower 1 billion people to enjoy the dividends of the digital economy by 2025, including helping 50 million small and medium-sized enterprises and providing solutions to the business development needs of 25 million female entrepreneurs solution.

Over the past three years, OPay’s business has grown rapidly, covering markets such as Nigeria, Egypt, and Pakistan, becoming one of the largest fintech companies in Africa and the Middle East. OPay provides customized services for different users, including financial services such as offline payment, online payment, and digital wallet. Currently, OPay serves more than 15 million wallet users, and more than 600,000 merchants, and has a monthly transaction volume of more than $6 billion.

In Nigeria alone, where OPay has had a significant market share since its inception in 2018, users have saved billions of dollars over the past four years through credit-linked savings accounts in mobile wallets and microloans provided by the platform. At present, OPay’s business map has expanded to most of the emerging markets, in addition to Nigeria and Egypt, it also includes Indonesia, Pakistan, Mexico, and other countries.

OPay continues to gain the favor of capital. The latest round of C round of financing was completed in August 2021, with a total amount of 400 million US dollars. The investment was led by SoftBank Vision Fund II. Since then, OPay has become a fintech unicorn in emerging markets. valued at $2 billion.

OPay not only provides mobile payment services but also brings advanced financial technology into the financial ecology of emerging markets in the fields of technology services, artificial intelligence, software, and information services. With the power of science and technology, we will help financial inclusion in emerging markets, and bring services to everyone. In the future, OPay plans to land in more markets within three to five years, vigorously promote digital popularization and e-commerce expansion, and at the same time bring more OPay users into the global economy.

Cision View original content:https://www.prnewswire.com/news-releases/how-opay-partnered-with-mastercard-international-financial-institutions-boost-fintech-in-emerging-markets-301565659.html

PR Newswire

Gaston Taratuta from Argentina named EY World Entrepreneur Of The Year™ 2022

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  • EY also honors fashion icon Stella McCartney with the EY Social Entrepreneurship Award 2022 for Sustainability
  • Guests also joined an inspiring session with artist and activist Bono, talking about entrepreneurial leadership

MONACO, June 10, 2022 /PRNewswire/ — Gaston Taratuta, Founder and CEO of Argentina-based Aleph Group, Inc. was this evening named EY World Entrepreneur Of The Year™ at an award ceremony held in Monaco’s Salle des Etoiles. Gaston was selected from among over 350 program participants that included the 50 country winners from 41 global jurisdictions vying for the title. He is the second winner from South America in the award’s 22-year history. The event celebrating entrepreneurship, which was able to return to Monaco for the first time since 2019, featured a diverse set of voices and perspectives including special guest, lead singer of U2 Bono. The artist and activist joined EY Global Chairman and CEO, Carmine Di Sibio, on stage to talk about the people, places and possibilities that have shaped his life and the importance of collaboration in his work.

Gaston Taratuta from Argentina named EY World Entrepreneur Of The Year™ 2022
Gaston Taratuta from Argentina named EY World Entrepreneur Of The Year™ 2022

Taratuta, 49, first founded his company Internet Media Services (IMS) in 2005 with an ambition to deepen the digital ecosystem in his native Argentina and help grow the global technology industry across the region. He would go on to combine IMS with strategically acquired businesses to form Aleph Group, Inc., a distinguished global advertising holding company with a presence in 90 markets across four continents. As of last year, Aleph Group generated a net operating revenue amounting to US$131m with a net income of US$26m while employing more than 1,000 people.

Stella McCartney is the recipient of the EY Social Entrepreneurship Award 2022 for Sustainability

During the two-day celebration EY also named British fashion designer Stella McCartney CBE, as the winner of the EY Social Entrepreneurship Award 2022 for Sustainability. The honor recognizes her career-long commitment to sustainability and innovation in fashion design, and her non-profit, Stella McCartney Cares. The charitable platform is aimed at creating positive change in the fashion industry and the world at large by inspiring others to embrace sustainable practices.

Carmine Di Sibio, EY Global Chairman and CEO, says:

“After two years away, I am very excited that we have been able to return to Monaco for an in-person celebration with so many incredible entrepreneurs. I’m especially proud to recognize this year’s World Entrepreneur Of The Year winner, Gaston Taratuta. Gaston embodies the passion, leadership and resiliency of what being an entrepreneur is all about and is a worthy winner of this year’s award.”

Di Sibio added: “I’m also privileged to be able to put a spotlight on the important work being done by entrepreneurial leaders around sustainability. In continuing the tradition of the EY Social Entrepreneurship Award for Sustainability, this year’s winner, Stella McCartney, truly has an unsurpassed commitment to forging the next generation toward creating a more sustainable future. Congratulations to both on this evening’s honors.”

Gaston Taratuta, Founder and CEO of Aleph Group, says:

“Being an entrepreneur is more than just building a successful business, it’s about creating and seizing opportunities where ones don’t readily exist or aren’t easily attainable. Few industries have experienced more evolutions over the past two decades than digital advertising and that’s exactly why I’m so passionate about forging its future. I approach each day as a chance to tap into the next big idea that will galvanize the space and reimagine what’s possible. Critical to any success is surrounding yourself with the right people, and this award is a testament to my amazing team, including my exceptional friend and business partner, Ignacio Vidaguren. I’m truly grateful and humbled to be named the 2022 EY World Entrepreneur Of The Year and I hope to be able to use this platform to empower the entrepreneurs of the future”.

Rosaleen Blair CBE, Founder and Chair of AMS, and Chair of the EY World Entrepreneur Of The Year judging panel, says:

“The judging panel is honored to award Gaston with this year’s title. He’s revolutionized the digital advertising industry on a global basis and made it possible for many entrepreneurs in emerging countries to enter markets that were previously inaccessible. His story is one of perseverance, having overcome enormous adversity early in life to reach the heights he’s at today. Throughout his journey he’s focused on bringing others along with him by leveling the playing field and opening countless new doors. He is exactly what we look for in the World Entrepreneur of the Year.”

Stasia Mitchell, EY Global Entrepreneurship Leader, says:

“Gaston’s journey has been forged by an innovative mindset and a willingness to take on big challenges with bigger ideas. Through Aleph Group, he has transformed the future of digital advertising, paving the way for the next generation through training programs and building connection points between talent and brands. Gaston is a perfect example of the unstoppable ambition that each of this year’s class of entrepreneurs possess and I’m excited to watch how all of them will continue to drive disruptions that build a better future.”

About Gaston Taratuta, Founder and CEO of Aleph Group

Gaston’s journey began while working for Brazil’s largest media company where among his primary roles was the responsibility to connect Brazilian advertisers with customers in the United States. That was when he started to identify a gap that would drive much of his success down the line – so many digital platforms were overly focused on the top performing markets while overlooking the future opportunities of emerging ones.

In the mid-2000s, he went out on his own and founded Internet Media Services (IMS) with the goal of increasing the representation of digital platforms in under-served markets. After partnering with Twitter to provide operations in Latin America, Gaston went on to win partnerships with other digital giants such as Spotify, Waze, LinkedIn and Snapchat. Over the course of the next decade, he began acquiring companies that had similar business models to IMS, diversifying into new markets while staying true to the core philosophy. In 2021, he formed Aleph Group as a corporate brand, connecting digital platforms with advertisers from emerging countries and creating a situation in which everyone has a fair and equal chance of succeeding for companies looking to compete in the global digital ecosystem.  

Today, Gaston and Aleph are committed to make digital advertising accessible to all and help under-served markets reach a global audience while helping the companies and talent who face endless barriers of entry become part of one of the most exciting industries in the world. 

About the judging panel

Our diverse panel of independent judges was composed of entrepreneurs from around the world who have demonstrated astonishing purpose and drive throughout their careers.

  • Chair of Judges: Rosaleen Blair, transforming talent management with AMS
  • Girish Jhunjhnuwala, reinventing the hotel experience with Ovolo Group
  • Hernan Kazah, co-founder of the largest technology fund in Latin America, Kaszek Ventures
  • Susan Chong, a pioneer in sustainable packaging with Greenpac Pte Ltd.
  • Naomi Whittel, a leading nutritional professional and founder of OMI Nutrition
  • Noëlla Coursaris Musunka, Founder and CEO of Malaika and winner of the Nelson Mandela centenary award for educating girls in Africa
  • Dr. Kiran Mazumdar-Shaw, of Biocon Limited, developing affordable drugs to treat diabetes, cancer and COVID-19
    • 2020 EY World Entrepreneur Of The Year™ winner
  • Brad Keywell, of Uptake Technologies, Inc., who is leading the way through innovations in artificial intelligence (AI)
    • 2019 EY World Entrepreneur Of The Year™ winner

About EY

EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation is available via www.ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

About EY Entrepreneur Of The Year™

EY Entrepreneur Of The Year™ is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. EY Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. Winners go on to compete for the EY World Entrepreneur Of The Year™ title. www.ey.com/eoy 

Eric Minuskin

Lauren Mosery

EY Global Media Relations

EY Global Media Relations

+1 908 770 9758

+1 732 977 2063

eric.j.minuskin@ey.com 

lauren.mosery@ey.com
PR Newswire

CERC Chooses Vermiculus’ Clearing Solution to Revolutionize the Receivables Market

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STOCKHOLM, June 7, 2022 /PRNewswire/ — Vermiculus has been chosen to deliver a real-time clearing solution to CERC, the main financial market infrastructure specialized in receivables in Brazil. In this cooperation, Vermiculus will provide a solution based on its modern clearing system, VeriClearTM, which is an elastically scalable and AI-powered real-time clearing system.  

CERC has the mission to make the market of receivables more efficient and reliable and aims to achieve this by efficiently connecting stakeholders of multiple economic sectors. Attaining this demands a system with immense architectural integrity and flexibility that can adapt to the vast, diverse, and always changing requirements. It also seeks to maintain its cloud integration and therefore requires the most modern architectural solution. Furthermore, with CERC’s rapidly increasing business, the need for a multi-functional and greatly advanced settlement clearing system is paramount.

“Vermiculus’ VeriClearTM perfectly matches our ambition to modernize and streamline our industry in a powerful way that has never been done before.” 

– Marcelo Maziero, Co-Founder of CERC

CERC began its operations by pioneering the registry of trade invoices, which was later extended to include receivables from credit and debit cards, among other assets, making it a reference in this sector that moves trillions of Brazilian reais. Aware of this financial potential and the importance of receivables as collateral for credit transactions, CERC is expanding its services and is waiting for authorization from the Brazilian Central Bank (BCB) and Brazilian Securities and Exchange Commission (CVM) to operate a Settlement System and a Central Securities Depository, which will allow it to offer more services to further enhance credit transactions in Brazil.

The Vermiculus and CERC partnership is the beginning of a long and rewarding relationship between both companies. “We are excited to work together with the highly experienced and professional team at Vermiculus to develop a solution that supports our core objective of decentralizing data to reduce information asymmetry and help democratize the supply of credit so that more companies can benefit.” says Marcelo Maziero, co-founder of CERC. “In order for us to meet our uniquely advancing business initiatives, extreme flexibility and performance are key, which Vermiculus already delivers.”

Vermiculus’ multi-asset microservices-based clearing solution, VeriClearTM, provides comprehensive and flexible multi-currency settlement capabilities for clearing houses. The system allows for monitoring and managing receivables and risk in real-time across multiple markets as well as provides an in-depth overview of the transaction chain. The clearing system is optimized for being able to quickly adopt new business initiatives and product developments, with unparalleled scalability, adaptability, and customization. This is powered by intelligent APIs and AI functions which are presented with superior usability through its dynamic GUI dashboard. The analytical dashboard enables efficient drill-down possibilities and error handling through its algorithmic abilities and has the capacity to gather business intelligence.

Taraneh Derayati, CEO of Vermiculus says “Founded in 2015, CERC has built their business into one of the fastest growing marketplaces in Brazil with a uniquely diverse set of offerings. CERC’s innovative nature and execution power for diverse growth make them a fantastic client for Vermiculus as we value innovation and progressive ambition. With this collaboration, we will continue to deliver our mission-critical technology with uniquely flexible solutions based on our pioneering microservices and AI architecture.”

Derayati adds, “By working with such a forward-thinking client, we are set to deliver a powerful and modern product that is made-to-measure, fully adaptable, and of the highest performance.”

About CERC

Headquartered in São Paulo and founded in 2015 with employees throughout Brazil and the USA, CERC is a financial market infrastructure (FMI) operating in several economic sectors with several types of receivables. The company provides solutions that add transparency and security for analyzing, registering, and controlling property and settlement of financial assets, so that these assets can be more easily used as collateral for credit transactions.

CERC is the first cloud-native FMI specialized in receivables with an outstanding role in clearing (settlement registration and control) credit card receivables. It is Brazil’s largest FMI by volume of processed transactions. One of CERC’s main objectives is to centralize data from thousands of companies’ financial assets to reduce the information asymmetry that restricts market growth and supply more credit to businesses.

About Vermiculus Financial Technology 

Vermiculus Financial Technology provides cutting-edge trading, clearing and CSD solutions to market participants around the world. Vermiculus solutions are the first to bring together state-of-the-art advances in dynamic microservices architecture with vast experience in clearing house and exchange business requirements.  

Vermiculus solutions radically improve robustness, quality, and flexibility by utilizing AI-driven microservices, and can achieve superior environmental performance, elastic scalability, and cost-efficiency through SaaS and cloud-based deployment. 

The company started its operation in 2020 and is founded by industry experts with the incentive to revolutionize the technology of exchanges, clearing houses and CSDs.  With its headquarters in Stockholm, Sweden, Vermiculus consists of hand-picked industry experts, trained to deliver mission-critical solutions. With decades of accumulated knowledge and expertise, the team has previously completed 75+ projects for the world’s largest exchanges, clearing houses and CSDs.  

For more information about Vermiculus and its product and service offerings, visit www.vermiculus.se or get in touch through info@vermiculus.se. 

For further information, please contact:
Taraneh Derayati – CEO
Vermiculus Financial Technology
Tel +46-(0)73 634 56 26
taraneh.derayati@vermiculus.se

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/vermiculusft/r/cerc-chooses-vermiculus–clearing-colution-to-revolutionize-the-receivables-market,c3581007

PR Newswire

Digital payments in India projected to reach $10 trillion by 2026: PhonePe Pulse and BCG release report on digital payments

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Highlights of the report:

  • Value of digital payments in India to increase three-fold from US$3 trillion today to US$10 trillion by 2026
  • Digital payments will constitute nearly 65% of all payments by 2026, up from 40% today
  • UPI adoption will surge from 35% in FY 21 to 75% in the next five years
  • 7x growth in digital merchant payments – from US$ 0.3-0.4 trillion today to US$ 2.5-2.7 trillion by 2026

BENGALURU, India, June 4, 2022 /PRNewswire/ — PhonePe, India’s leading digital payments company, in collaboration with  Boston Consulting Group (BCG), today unveiled a report titled, “Digital payments in India: A $10 trillion opportunity”. The report leverages BCG’s industry expertise in payments and the fintech domain, along with PhonePe’s deep insights and expertise as the market leader in Indian digital payments and its extensive Pulse database to look at top digital payments trends in India.

Digital payments in India projected to reach $10 trillion by 2026: PhonePe Pulse and BCG release report on digital payments
Digital payments in India projected to reach $10 trillion by 2026: PhonePe Pulse and BCG release report on digital payments

India’s digital payments landscape has witnessed a phenomenal growth over the past five years. As per the report, India’s digital payments market is at an inflection point and is expected to increase more than threefold from the current US$3 trillion to US$10 trillion by 2026. As a result of this unprecedented growth, digital payments (non-cash) will constitute 2 out of 3 payment transactions by 2026.

The report also talks about how the digital payments ecosystem has been positively disrupted by the entry of multiple new players with diverse offerings driving digital payments adoption at scale. Leading global and Indian fintech players have been key drivers of UPI adoption in India among end users, aided by buildout of a large QR-code based merchant acceptance network, and further supported by user-friendly interfaces, innovative offerings and an open API ecosystem.

The report goes on to list the levers for further growth of digital payments in India which include – simplified customer onboarding, continued push for consumer awareness, expanding merchant acceptance, merchants getting greater access to credit, infrastructure upgrades and the setting up of a financial services marketplace driving growth in underpenetrated regions. It also talks about how IoT, 5G & CBDC will provide further impetus to growth.

Commenting on the launch, Karthik Raghupathy, Head of Strategy, and Investor Relations, PhonePe, said, ”We are excited to partner with BCG to release Digital payments in India: A $10 trillion opportunity. The report is an in-depth commentary on the growth of digital payments in India and looks at factors and enablers that will help unlock the massive growth potential going forward. This report is part of the PhonePe Pulse initiative, which was launched last year, in our effort to give back to the Fintech ecosystem. PhonePe Pulse has been very well received by all the key stakeholders in the ecosystem and has emerged as India’s go to destination for insights and trends on digital payment in the country.

Karthik further added, “‘As India’s largest Fintech platform we have seen the growth of UPI over the last few years. UPI has supercharged India’s transition to non-cash payments when it comes to both person-to-person (P2P) and person-to-merchant (P2M) transactions. Not surprisingly, UPI saw about 9x transaction volume increase in the past 3 years, increasing from 5 billion transactions in FY19 to about 46 billion transactions in FY22: accounting for more than 60% non-cash transaction volumes in FY22. This indicates that digital payment has truly gained ubiquitous acceptance across the country. While Tier 1-2 cities have witnessed high acceptance of digital payments, penetration in Tier 3-6 cities shows headroom for growth. The next wave of growth will now come from Tier 3-6 locations, as evidenced in the past two years wherein Tier 3-6 cities have contributed to nearly 60-70% of new customers for PhonePe.”

Prateek Roongta, Managing Director & Partner, Boston Consulting Group said, “India is set to become a digital payment economy as source of payments invert with 65% transactions being done digitally by 2026, as opposed to 40% transactions today. Merchant payments will emerge as the most powerful driver of this growth, especially in the offline segment due to growing QR code deployments. We expect that merchant payments will soon outpace person-to-person fund transfers.”

Prateek further added, “We will increasingly observe digital payments get embedded in all forms of commerce, we will also witness the progression from embedded payments to embedded finance. As more and more merchants begin to accept digital payments, it will unlock a significant change in access to credit for small merchants due to the creation of a digital transaction trail.”

To download the report, visit: pulse.phonepe.com or https://www.bcg.com/en-in/publications/2022/future-of-digital-payments-in-india 

About PhonePe: 

Founded in December 2015, PhonePe has become a homegrown success story, with its meteoric growth powered by India’s emerging digital ecosystem, particularly in the Unified Payments Interface (UPI) space. The company builds products and offerings tailored for the Indian market and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 380 million registered users, one in four Indians are now on PhonePe. The company has also successfully digitized over 30 million offline merchants spread across Tier 2,3,4 and beyond, covering 99% pin codes in the country. PhonePe is proud to help lead India’s country-wide digitization efforts and believes that this powerful public-private collaboration has made the Indian digital ecosystem a global exemplar.

About PhonePe Pulse – Trends and insights on digital payments in India:

To demystify data on the Indian digital payments landscape and in an effort to give back to the ecosystem, PhonePe Pulse was launched in September 2021. Pulse is a novel interactive platform that is India’s go-to destination for accurate and comprehensive data on digital payment trends. As the market leader in Indian digital payments, PhonePe’s data is representative of the country’s payment habits. With its rich repository of trends, insights, and in-depth analysis, Pulse showcases India’s beat of progress in the digital payment landscape. 

About Boston Consulting Group (BCG):

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fuelled by the goal of helping our clients thrive and enabling them to make the world a better place.