The agreement with ThetaRay to implement the SaaS-based SONAR AI solution will enable Finance Incorporated Limited to integrate multiple datasets for risk-based transaction monitoring and greatly enhance the accuracy of AML operations. ThetaRay’s advanced machine-learning engine also significantly reduces false positives by up to 99%, while increasing the automatic ability to spot new typologies as they emerge.

The collaboration marks ThetaRay’s entry into the Malta fintech market.

Finance Incorporated is an electronic money institution based in Malta that operates the brands iPaymix, Paymix Pro, and Paymix VIA, delivering account, payments, and card services to corporate and retail clients, as well as to financial institutions.

“Our business is built entirely on trust. We repay our customers’ faith in us by placing regulatory requirements at the core of our operations. When seeking the ideal platform for transaction monitoring, our primary concern was to serve the business in the most robust way possible,” said Noel Bartolo, Finance Incorporated Limited’s Chief Compliance Officer.

“The partnership with ThetaRay reinforces Finance Incorporated Limited’s commitment to remain ahead of the curve across all its operations, and AI-powered transaction monitoring technology ensures that Finance Incorporated Limited ‘s AML control framework is strengthened and future-proofed while having the ability to scale.”

With a powerful machine-learning core, the ThetaRay SONAR system learns from the huge amount of transaction data that Finance Incorporated Limited processes every day. This gives the system an inherent ability to adapt and grow with the business for scalability.

“Financial Incorporated Limited’s innovative financial services are reshaping the global marketplace,” said Mark Gazit, ThetaRay CEO. “The new digital era requires new-generation AI-based tools to manage the massive volume of global financial transactions. Financial crime vectors can change in a matter of seconds. ThetaRay’s advanced AI uses augmented and unsupervised AI which makes it the only system that can identify both known and unknown criminal activities, enabling fintechs and banks to emend trust in their transactions and grow revenues.”

According to Bartolo, the ThetaRay AI system has already learned from a staggering amount of historical data across multiple data points, spotting patterns of normal behavior as well as examples of non-conforming activity. The traditional rule-based system is by definition outdated upon implementation, while the new AI-powered platform refines its decision-making in tandem with business growth for constant relevance.

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“Intraday repo is a valuable tool to manage our liquidity usage and provides flexibility in our funding capabilities with reduced operational risk,” said Beatriz Martin, UBS Group Treasurer. “This accomplishment builds on the foundation we have established as an early adopter of the Distributed Ledger platform.”

The global expansion of the platform across both sell-side and buy-side firms enables a network effect of increased benefits and additional transaction types. Broadridge is a leader in bringing the benefits of distributed ledger capabilities to transform the global repo market, capturing $1 trillion dollars in monthly volume.

“This is the next step in executing on our vision of transforming global repo market infrastructure,” said Horacio Barakat, Head of Digital Innovation at Broadridge. “We are empowering leading financial institutions like UBS with the ability to dramatically lower risk and operating costs and see enhanced liquidity.”

This platform provides a utility where market participants can agree, execute, and settle repo transactions, providing flexible settlement cycles based on counterparts’ needs. The DLT Repo platform significantly increases settlement velocity and collateral mobility, thus making intraday possible. The platform also reduces the operating cost and risk of all repo activity, including well as overnight and term repos.

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The cloud version of intelliflo redblack allows advisors to boost operational efficiencies, business continuity and flexibility, which has become especially critical in light of rising costs and an increasingly competitive market. The need for such a solution is reflected in its accelerating momentum; approximately 75% of new clients are selecting the cloud edition of intelliflo redblack.

The intelliflo team has invested significant time and resources into the cloud version of intelliflo redblack; over 50 enhancements were made to the solution in 2022 alone. One of the most notable updates includes more sophisticated reconciliation; each day’s trade file is reconciled against the next business day’s portfolio management system or custodian data to identify missing trades, quantity errors and pricing variances.

Solona Beach, Calif.-based DLK Investment Management, a boutique investment advisory firm focused on creating long-term value for clients, has been leveraging intelliflo redblack for 10 years and launched the cloud-based version last year. Brian Johnson, portfolio manager for DLK, explained, “The cloud version of intelliflo redblack provides us with the same robust functionality and customization we’ve always enjoyed, but now with added efficiencies that allow us to spend more time with clients and broader accessibility that supports the need for our advisors to securely access data on the go. The cloud-based model is flexible and will scale with us as we grow, providing a strong solution for our business both now and in the future.”

With the cloud-based version of intelliflo redblack, RIAs of all sizes can more easily and quickly adopt the solution and benefit from intelliflo’s deep vertical expertise. Plus, the model eliminates pain points such as owning the infrastructure and determining minimum system requirements. The multi-tier model capabilities allow for seamless scalability, empowering RIAs to grow their businesses with confidence.

“The cloud version of our leading trading and rebalancing platform is resonating in the market and solving for critical challenges, which is evident by the swift adoption and overwhelmingly positive response. The cloud-based model allows for limitless innovation and empowers advisors to serve more clients with existing resources, supporting our mission to widen access to financial advice,” said Jennifer Valdez, President, Americas for intelliflo.

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Reactor.xyz enables qualified individuals, companies, and institutions to simply and easily purchase access to enterprise-grade bitcoin mining operations through a novel approach that uses ERC-721 tokens on the Ethereum blockchain to represent ownership of the hashpower. These tokens can then be assigned to a mining pool of the user’s choice and mining begins within minutes. Currently, access can be purchased for 120 terahashes across 120 days.

“We have been working on Reactor.xyz for a long time and are excited to finally bring it to market,” said Navier CEO Josh Metnick. “Bitcoin mining has long been far too difficult for most to access, or understand, this is no longer the case.”

Bitcoin mining being on Ethereum makes it a tradable asset that can be held in any Web3 wallet, bringing liquidity to a notoriously illiquid market sector. In essence, Navier has created an entirely new asset with the launch of Reactor.xyz.

Game changer

To this point, would-be Bitcoin miners had to first identify which machine they wanted, then wire money to far flung destinations that most people could not likely find on a map, and then wait months for their rigs to arrive. They then had to either sign co-location agreements with mining farms to host their equipment, and then constantly check to ensure their machines were always online, or they had to do the complicated math to figure out their mining breakeven point at local electricity rates.

Reactor.xyz’s elegant solution enables more than just buying, selling, and trading of Bitcoin mining hashpower, it also uses proprietary algorithms to ensure users are made whole from any potential losses suffered during downtime or planned curtailments – bitcoin that would have been mined while your mining pool was offline is automatically added into your account.

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“We delivered a solid financial performance in 2022 despite a challenging macro environment, representing our continued commitment to scaling and building the Best Egg financial platform in support of our sustainable multi-product growth strategy,” said Jeffrey Meiler, CEO and Founder of Marlette Holdings. “In addition to raising $225 million of Series E preferred capital in 2022, we launched a refreshed brand visual identity for Best Egg, expanded our workforce and leadership team, made meaningful progress on our technology platform agenda, and entered the flexible rent space through the acquisition of Till.”

Best Egg has grown tremendously over the past three years, accelerating to $24 billion in personal loan originations and 2.7 million accounts since the platform’s inception in March 2014. In 2022, the Best Egg platform facilitated a record 1.3 million new accounts and originated $7.5 billion in personal loans, up 59% year over year. The company generated over $500 million in gross revenue, up more than 67% year over year, and recorded $61 million in pre-provision net revenue, up 49% year over year. Best Egg received Top Workplaces USA recognition in 2022 and won the Top Workplaces and Top Leadership awards in Delaware for large companies. It was also named one of the Best Tech Startups in the U.S. by the Tech Tribune.

“We are making good progress in supporting the unique needs of the millions of U.S. consumers with limited savings who are vulnerable to financial disruption or need flexible options that align with their cash flow,” said Meiler. “We enter 2023 with positive momentum in helping people navigate their finances confidently with frictionless and judgment-free access to money and resources that provide them a little breathing room in their budgets.”

Best Egg offers unsecured and secured personal loans, credit cards, and a free financial health tool. In 2022, Best Egg added new features to its credit card product, including promotional rates and cash-back rewards. It also expanded its financial health tool capabilities by adding new features such as debt management, financial health scores, and borrowing power. Later this year, the company will add vehicle equity loans and flexible rent solutions to its suite of products.

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Joining Yuval Brisker onstage will be a panel of innovators who will discuss how established customer-facing brands can deepen relationships and grow revenue with embedded finance solutions. Participants include:

• Jeff Tijssen, Expert Partner, Global Head of FinTech, Bain and Company
• Jennifer Glaspie Lundstrom, CEO, Tandym
• Rob Schimek, Group CEO, bolttech

“It has never been a better time to increase business opportunities by embedding financial products and services to offer to customers while streamlining financial processes and tools. Especially in this demanding economic time, enterprises can increase revenue, while enhancing customer engagement by launching new embedded finance initiatives,” said Yuval Brisker. “I look forward to the discussion at Fintech Meetup and to sharing the Alviere view on the value embedded finance can provide, and how every organization can benefit greatly from including it in its near-term roadmap.”

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MARS v10 integrates client, prospect, trade, and asset data to provide asset management clients with unique multi-dimensional visual, computational and analytical views of their business. MARS v10 transcends business functions including sales, marketing, data processing, and administration with the ability to explore hidden business insights, gain a deeper understanding of trends, identify potential cross-selling opportunities and direct sales and marketing teams to the strongest opportunities.

“We are excited about the value that this major new release of MARS will provide to our clients to assist them with increasing sales and retaining assets,” said Aaron Wong, MARS Product Manager. “MARS v10 exceeds industry standards for user experience, performance and security and provides a 360 degree understanding of firm, branch/office, rep and account sales and assets to help our clients decrease the cost of engagement while increasing the lifetime value of business relationships.”

SalesFocus Solutions’ Arun Nagashetti, Application Development Manager stated, “Utilizing Angular and Web API frameworks in MARS 10 provides better multi-tasking and multi-processing capabilities. These improvements are important for our multi-dimensional data exploration and insight discovery using visual, computational and analytical tools.

History of Technology Innovation

Anil Ravindran, Vice President of Engineering, stated, “The technology and design enhancements in MARS 10 are a continuation of SalesFocus Solutions’ long history of innovation and carries through to all aspects of the MARS Platform. As an example, MARS 10 further enhances our MARS for Salesforce® integration by leveraging the data aggregation, cleansing, summarization, and business analytics power of MARS with real-time bi-directional synchronization of Account and Contact data with the Salesforce platform. It further augments the power of CRM with Sales, third party RIA and Market Share data to focus resources on Firms that are most likely to grow wallet share.” Ravindran continued, “Additionally, with MARS 10 we’ve enhanced IntelliMARS, our mobile app, with additional capabilities so that our client’s sales organizations are better prepared for each meeting, more efficient in identifying the highest potential new opportunities (and cross-selling opportunities), and are more effective during each sales call.”

Superior Data for Actionable Sales Intelligence

The SalesFocus Solutions MARS product suite continues to transform the sales and marketing analytics and reporting landscape for asset managers. The MARS platform includes data collection, data cleansing, sales analytics and distribution reporting across all business lines including mutual funds, UCITs, SICAVs, ETFs, managed accounts, DCIO/retirement platforms and alternative providers. The innovative MARS product design takes business analytics to a new level by leveraging enhanced graphical data visualization techniques to transform sales, asset, contact and activity data into actionable business insights.

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Dubai Crypto Venture Capital, one of the most recognized VC events worldwide, hosted an updated version of Dubai Crypto Thursdays on Thursday, February 23. The main attraction was the Main Stage, where 12 new companies had the opportunity to present their projects to over 100 investors, 50+ VCs and 120+ Crypto Executives. At the end of the event, one of these projects was to be recognized as the most interesting and innovative of the lot. This recognition was awarded to Swipe2Trade, a product in the MarsDAO ecosystem, who’s creators emerged as winners and were awarded the DCVC’s main prize.

Set up as a social trading platform, Swipe2Trade allows buying and selling digital assets with just one swipe. It enables users to follow expert advice to earn profits, grow their blog to become an expert, and keep up with the latest news and market trends. The platform’s main objective is to make digital asset trading easy and accessible to everyone.

The world of cryptocurrencies is a future that should be available to everyone. Swipe2Trade by MarsDAO makes it seamless and convenient.

Vladislav Utushkin, MarsDAO visionary: “I’m proud that we finally presented such an excellent product as Swipe2Trade to the industry’s professionals and ideological inspirers. When we come out with yet another product, it’s only natural to worry whether your audience will be satisfied with the result. We did everything to make Swipe2Trade stand out from other projects in the DeFi framework, and this recognition proves we succeeded. We focused on user needs and convenience of use and added a bit of magic — and here’s the result.”

During the event, all new startups, including Swipe2Trade, made presentations focused on the essence of their projects and showed their unique features. These were presentations and live discussions where the VC and the audience could ask questions and comment on the speakers’ ideas. Participants could get a professional opinion about all projects and learn all the necessary information about them, including their profitability.

Swipe2Trade’s win at the DCVC event is a testament to its innovation and potential. It provides a platform that users can trust to make informed decisions in the ever-evolving digital assets market. It is an excellent addition to the crypto trading world, enabling everyone to participate in the growing digital assets market.

The DCVC event was an excellent opportunity for startups and VCs to network and find reliable investments. The event had three areas, the Main Stage, C-level, and Art zones, where startups pitched their projects and attendees enjoyed various forms of entertainment. Marat Minkin organized it with partners TONBanking, Jeta and Desert Storm Podcast Studio. With this new upgraded version, the event aimed to attract a new audience and make it more engaging and entertaining.

Swipe2Trade’s success at the DCVC event highlights its potential to revolutionize digital asset trading. It is an innovative platform that enables users to easily buy and sell digital assets, making them accessible to everyone. The event provided a platform for startups to showcase their ideas and network with investors, and Swipe2Trade’s win is a testament to its innovation and potential.

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Airwallex customers in Australia, Hong Kong, Singapore and the United Kingdom will now be able to accept American Express Card payments from around the world through payment links, Xero invoice payments and e-commerce shopping extensions.

This partnership with American Express is a significant milestone for Airwallex and was driven by demand from businesses who wanted the benefits of accepting American Express payments – such as higher spending, premium customers – and a better user experience at point of sale.

The collaboration focuses on innovative multi-currency cross-border payment solutions for businesses, bringing together Airwallex’s technology and infrastructure with the benefits and convenience of paying with American Express. Including American Express, Airwallex now offers over 60 payment methods for Airwallex customers at their checkout.

“We are excited to partner with American Express, enabling American Express Card transactions for our customers, and giving them access to an even wider variety of payment methods,” said Ravi Adusumilli, SVP, Partnerships & Business Development, Airwallex. “This partnership is one of the steps we are taking to provide our customers with more options that can help them grow their business and provide greater revenue opportunities. Together with our global payments and banking infrastructure, we hope we can continue to empower businesses to scale internally and beyond borders.”

Werner Decker, EVP, Head of Global Merchant Services International, American Express said, “American Express has more than doubled the number of places that accept American Express payments internationally since 2017. We’re pleased that our partnership with Airwallex will provide merchants with even greater payment options at checkout to enable a superior customer experience.”

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