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Global Fintech Platform Nium Partners with Visa to Offer Card Issuance in Australia

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Nium, a global financial technology platform, has become a Visa issuer in Australia as part of its membership in Visa’s Fintech Fast Track programme. With this licence, Nium is able to provide end-to-end issuing, processing and onboarding services, and shorten the lead time for Visa card issuance to just four to six weeks.

Nium plans to use the issuance license to extend its portfolio to clients in Australia and beyond, providing end-to-end B2B and B2C issuing services globally. Through this partnership, Nium will be able to:

  • Conduct real-time funds transfers to both physical and virtual Visa Credit and Debit cards, for instance, deposition of payroll into Visa cards
  • Enable secure digital payments through tokenization for in-stores, online payments and at ATM points
  • Unlock simple payment experiences for businesses and consumers around the world through multi-currency cards with multi-pocket/wallet spend management features

Currently, business owners rely on outdated card management systems as part of their corporate bank accounts. There is limited or no digital access, and significant time is spent on reconciling expenses and claims. Integrating and managing a card issuing programme can generate significant competitive advantage for businesses, such as an increase in productivity, but it also can pose a significant challenge as it requires deep vertical expertise and considerable commitment from the business.

Nium would streamline and simplify access for companies with end-to-end card issuing solutions, allowing them to operate intelligent digital wallets that can easily be used across millions of points of sale within Visa’s global acceptance network.

“One of Nium’s primary goals is to improve business efficiency through the introduction and facilitation of financial technology, and this partnership with Visa allows us to do that at scale. The flexibility of our APIs tools and turnkey infrastructure, coupled with Visa products and services, allow us to support different use cases for Spend Management seen across various business models and platforms, from companies looking to reconcile T&E for employees, businesses looking to pay suppliers and vendors overseas, or innovative technology companies looking to send payments to their community, we are able to customise the solution for each and every single one of them, said Gitesh Athavale, Head of Product (Cards), Nium.

“Businesses in Australia are starting to recognise the need for a digital solution that will revamp existing corporate card management system. The antiquated system that involves physical paperwork to edit card management settings, lack of rewards interface and delayed expense tracking will no longer survive in today’s age where digitisation is king, and we are glad to be partnering with Nium to provide a robust digital solution for the next generation of business owners whom are demanding a better banking experience,” said Simon Lenoir, Founder and CEO of Budgetly.

Nium is also working with Australian music platform Emanate, to disburse royalties to musicians and artistes via the corporate StreamCard. Fees are topped up automatically once the artistes’ music has been played, enabling them to access and use the funds across all Visa’s points of sales immediately.

“As a music community dedicated to increasing speed and fairness for our artists through technology, Emanate is excited to be able to use a progressive and financial services product like Nium. Our goal of giving musicians near real-time access to streaming royalties is becoming much easier thanks to the Nium-powered Emanate StreamCard. This will change the lives of our musicians from day one. Imagine releasing a song in the morning, and that night your plays cover a round of beers with your friends to celebrate. It’s never been done before,” said Sean Gardner, CEO Blockchain Music Pty Ltd (Emanate).

This announcement comes shortly after Nium introduced the addition of Visa and BRI Ventures as new investors to the six-year-old startup in May 2020.

This News has been Published in Partnership with PR Newswire

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Ardigen Enters Into Research Collaboration With CVC to Apply Artificial Intelligence for Identification of T-cell Targets

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Ardigen and CVC announced that they entered a research collaboration aimed at the development of SARS-CoV-2 vaccine.

Ardigen’s neoantigen prediction platform called “ArdImmune Vax” employs state of the art bioinformatics and Artificial Intelligence to identify an optimal set of neoantigens as targets for cancer vaccines or adoptive cell therapies. This technology is also very well suited for the design of vaccines for infectious diseases. The core of the platform is a proprietary algorithm capable of predicting neoantigens’ probability to elicit an immune response. 

This joint research enables CVC to benefit from Ardigen’s vaccine design technology by selecting which viral epitopes are the most suitable to boost cellular immune response. Complementing humoral and cellular response in the vaccine design is expected to result in 2 strong lines of defense against the coronavirus. The approach is likely to be more effective than vaccines designed to create antibodies alone.

“We are thrilled to help global efforts to mitigate COVID-19 applying our breakthrough technology powered by Artificial Intelligence, reducing the vaccine design phase to a few weeks,” comments Janusz Homa, CEO of Ardigen.

Robert Feldman, CEO and Co-founder of CVC, adds: “CVC is excited to be working with Ardigen who are at the forefront of T-cell epitope design. The collaboration gives us the best chance of our product inducing an effective T-cell response against SARS-Cov-2.”

This News has been Published in Partnership with PR Newswire

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AliExpress; Mid-Year Shopping Festival Indicates a Recovery Across the Globe

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First 10 hours of sales equivalent to the sales yielded for the entire first day in 2019’s event

Live shopping takes center-stage at the first large-scale sales event after the pandemic

AliExpress, a global retail online marketplace under Alibaba Group, hosted its first large-scale sales event after the pandemic – global mid-year ‘Summer Sale’ Shopping Festival.  Sales generated in the first 10 hours of the festival was equal to the sales yielded for the entire first day in last year’s sales event – an indication showing a recovery with consumers across the globe, as they recuperate from the pandemic. With nearly 100,000 sellers and 70 million items involved in the shopping festival, total sales on the first day of the mid-year sales festival achieved a year-on-year growth of 50%.

Countries from Europe and Asia have shown an outstanding year-on-year sales growth, indicating that shoppers are eager to spend. South Korea recorded the highest sales growth of 113% on the first day, followed by Spain, Russia, Poland, Brazil and France. With people across the world inclined towards remote working/work-from-home, the shopping festival also registered more than 100% year-on-year growth for the sale of home appliances, furniture, computers and telecommunication devices.

Driven by social commerce and the ability to engage the audience with great content, livestreaming took the festival by storm during the summer sale. Customers from 213 countries and regions watched 1,844 livestreaming sessions to purchase products from the sale. Over 1,300 brands and 109 influencers participated in the sessions, covering 32 languages. Russia, Spain, France, Brazil and Poland were the top 5 countries that led the livestreaming viewership and Xiaomi, Huawei, Umidigi, Calk Official Store and Soocas were the top five brands that recorded the maximum sales from the sessions.

“We are thrilled to see consumers, brands and influencers from all over the world riding the Mid-Year Shopping Festival’s buzz and creating exciting content. Livestreaming-driven sales has become one of the hottest trends in ecommerce, reshaping the retail industry by developing a ‘see-now, buy-now’ trend that offers consumers instant gratification,” said Wang Mingqiang, the General Manager of AliExpress.

He added that “Looking at the huge success of the festival across the globe, we see livestreaming as a global phenomenon that can help stimulate the economy. We are focused on building a community of influencers, sharing experiences and best practices to take the trend worldwide, eyeing Europe as the next hub.”

This News has been Published in Partnership with PR Newswire

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Acquisition

AI Analytics Startup StatusToday Acquired by Glickon

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StatusToday, the emerging leader in workplace analytics, announced today that its people analytics platform Isaak has now been acquired by Glickon for an undisclosed amount.

Glickon is a leading HR tech company headquartered in Italy that provides a candidate and employee experience platform that can help engage employees while generating data and insights.

With the increasing focus on remote work and collaboration, companies are looking at AI powered tools to improve employee wellbeing and engagement. Glickon provides an array of solutions to enhance workplace engagement and will consolidate the capabilities from the Isaak platform by StatusToday to enhance its people analytics offering.

“We continually seek out exponential growth opportunities – today’s announcement is exactly that,” Matteo Corte, CFO of Glickon, said. “We are excited about the possibilities that could come from the integration of StatusToday’s technology and what we can deliver to help answer some of the toughest questions that keep HR leaders up at night. A major step closer to a world where people wake up inspired and end the day fulfilled by the work they do,” Filippo Negri, CEO of Glickon affirmed.

As part of the acquisition agreement, Glickon also acquires the Isaak platform and related intellectual property. StatusToday founders, Ankur Modi and Mircea Danila-Dumitrescu, will support the acquisition as external advisers and move on to new ventures.

Ankur Modi, CEO of StatusToday, said, “Glickon has built a fantastic suite of solutions to help businesses be effective worldwide. I am proud that StatusToday’s proprietary technology will now power their people analytics offering and help companies and employees be more objective with decision making.”

Speaking on future potential, co-founder Mircea Danila Dumitrescu said, “Together with Glickon, StatusToday can add an objective transparency in the workplace, redefining the meaning of work in a way that is trustful, and informed.”

StatusToday was awarded the title of Best AI Startup at AI Summit in 2017 and has scaled up its platform to employees and managers in 1069 companies across 105 countries. It was recognized a Gartner Cool Vendor for digital dexterity in 2019. Ankur and his team have raised 4 million dollars from LocalGlobe, Notion Capital, firstminute Capital, Entrepreneur First, Force Over Mass capital, tiny vc and business angels.

This News has been Published in Partnership with PR Newswire

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