MyRemit integrates with existing FWapp targeted at migrant workers in Singapore to drive financial inclusion
SINGAPORE, 10 December, 2020 – Nium, a global financial technology infrastructure platform, and Aptiv8, an IT and manpower solution provider, today announced the launch of MyRemit, a remittance service within Aptiv8’sFWapp mobile application that allows migrant workers in Singapore to conduct digital remittance transactions via a single app.
Through this partnership, users of the FWapp will be able to leverage Nium’svast payout network to over 90 countries including Bangladesh, India, Sri Lanka, Indonesia, and China, to conduct convenient, safe, and affordable remittance transactions.
Ho Chee Wai, Vice President and Country Head for Niumin Singapore said, “Nium is deeply committed to advancing financial inclusion worldwide, and remittance innovation forms a significant part of this effort. Migrant workers have been facing tremendous challenges in sending money back home during the pandemic, withstrict measures on social distancing andmovement controlswithin dormitories being imposed.MyRemitprovides amore convenient and safer way for migrant workers to send money home to their loved ones as they can do it at any time and any place through the FWapp, which many of them trust and are already acquainted with. ”
The partnership with Aptiv8 is part of Nium’sRemittance-as-a-Service solution, which makes it easier for technology companies who are looking to become providers of payment services and offer remittance services on their own digital platforms. By partnering with Aptiv8 who already has a strong historyin providing services to these customers in Singapore, Nium’sRemittance-as-a-Service capabilities aims to expand Aptiv8’s current service offerings starting with digital remittance services.
Sam Tay, Chief Executive Officer of Aptiv8 said, “Since the launch of FWapp in 2017, we have attracted more than 100,000 registered users. Sending money home is a necessity for our foreign worker community in Singapore. We hope that through this partnership with Nium, we are able to further support them and make it easy for them to send and receive money from overseas in a few quick and easy steps, as well as achieve our goal of having 200,000 users by end of this year.We aim to expand our App platform to regional countries, and partnering with Nium will give us an edge by enabling us to enterthe countries where Nium has already have a presence in.”.
FWapp is a mobile application network, created by Aptiv8, in partnership with the Ministry of Manpower (MOM) in Singapore.It is a one-stop service platform for migrant workers with MOM, and is designed to help them better settle into Singapore throughproviding support in every aspect of their lives. Features of the FWapp include a First Job portal designated for migrant workers, with MOMproviding answers on frequently asked employment-related questions modules that enable the foreign workers to submit feedback to MOM in their native languages; and access to online services including Telco Top Up, Remittance, Online Purchases and E-Services.
Nium currently operates its Send, Spend and Receive business in over 90 countries, 65 in real-time.
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Nium is a global financial technology platform redefining the way consumers and businesses send, spend and receive funds across borders. The company is continuously innovating to provide the most relevant and agile solutions to meet the needs of consumers and businesses, having evolved from solely focusing on consumer remittance via InstaReM, to also providing fintech solutions for businesses. Nium is regulated in Australia, Canada, European Union, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, United Kingdom and the United States of America, and processes billions of dollars a year for banks and payments institutions, the next generation of e-commerce players, OTAs and retail users across the world. Nium’s investors include Visa, BRI Ventures, Vertex Ventures, Vertex Growth, Fullerton Financial Holdings, GSR Ventures, Rocket Internet, Global Founders Capital, SBI Japan, FMO (Netherlands Development Finance Company), MDI Ventures, Beacon Venture Capital and Atinum Investment.
Alternative meat startup Next Meats Co., Ltd and microalgae biotech company euglena Co., launch "NEXT Euglena Yakiniku EX" containing microalgae
Next Meats Co., LTD, the controlling shareholder of Next Meats Holdings, Inc. (“NXMH”) announced that they had signed a joint product development agreement with euglena Co., a biotech company also from Japan which specializes in cultivating Euglena and Chlorella (types of microalgae) and developing the biofuel business.
It was announced that their first joint product “NEXT Euglena Yakiniku EX” is now available for pre-sale at the official online store of Next Meats (In Japan only).
The companies had signed a joint product development agreement in December 2020, aiming to offer consumers more sustainable diet options and lifestyle choices.
The “NEXT Euglena Yakiniku EX” is a plant-based meat containing 500 mg of Euglena and 500 mg of Chlorella extract. The product, which combines the strengths of both companies, is a plant-based meat packed with protein and a great balance of other vital vitamins and minerals. The Euglena Yakiniku EX, like all other Next Meats products, uses no artificial additives and has no cholesterol because no animal derived materials are used, and has significantly less of an environmental impact than regular meat.
Data & Analytics Startup 9fin Announces Partnership with European Leveraged Finance Association (ELFA)
9fin, the AI-powered data and analytics platform for fixed income, announces its partnership with the European Leveraged Finance Association (ELFA). The partnership will allow ELFA members to benefit from 9fin’s expertise in covenants and related market trends.
ELFA is a trade association for European leveraged finance investors. It aims to create a more transparent, efficient and resilient leveraged finance market by establishing and enhancing industry best practice, promoting transparency and facilitating engagement between market participants.
Steven Hunter, Co-founder and CEO of 9fin commenting on the partnership said: “9fin’s raison d’etre is to bring transparency to the leveraged finance market, so we were delighted when the opportunity arose for us to partner with the ELFA. We believe our technology, data, and analysis can help ELFA members shape a more transparent and better functioning credit market.”
Sabrina, CEO of the ELFA, commented: “9fin’s ability to deliver fast, actionable covenant information to investors will provide significant value to our members, and supports our mission to deepen market engagement on important issues. Its market insights and understanding of the implications of covenants will also be used to complement our educational resources. We look forward to working with them in the coming year to increase transparency for leveraged finance investors.”
Health Carousel Announces Acquisition of MEDPATH
Health Carousel, a premier provider of healthcare staffing and workforce solutions, announced today they are strengthening the power of the Health Carousel Locum Network further with the acquisition of MEDPATH.
MEDPATH, located in Trumbull, CT, was founded in 2012 by Timothy Kouble who will continue to lead the company after the acquisition. MEDPATH will continue to operate under its own brand in Health Carousel’s growing portfolio of locum tenens brands.
MEDPATH is an innovative physician workforce management company that is mission driven to help healthcare organizations improve patient care and save lives. They partner strategically with their clients and bring an ecosystem of powerful physician staffing resources, capabilities, and horsepower designed to get physicians to patients faster – with the goal of containing costs. It has a hyperlocal physician network and strong loyalty with providers who can deploy quickly to provide coverage when needed.
MEDPATH joins a strong family of HCLN brands, including NEXTLocums, Onyx M.D., Lucidity, and Vitruvian Medical, which are expected to become the 10th largest locum tenens company in the country, according to the most recent estimates from Staffing Industry Analysts. This is Health Carousel’s 6th acquisition in the locum tenens space since 2015.
“We are pleased to welcome MEDPATH to our Health Carousel family and are confident that this addition will further increase our track record of service excellence with our customers,” said Bill DeVille, Chief Executive Officer of Health Carousel. “Our healthcare facility partners trust us to solve their staffing problems by delivering high-quality healthcare staff to positively impact their patient care, staff morale, cost of staffing and revenue. The addition of the MEDPATH team and their unique RPO/MSP model will enhance our offerings to clients.”
Health Carousel has a proven track record of helping clients solve their workforce challenges by delivering easier, faster access to a nationwide pool of highly qualified physician and advanced practice providers, demonstrated by winning a 2020 Best in Staffing Client Award for providing superior service to their clients. MEDPATH is dedicated to that same level of partnership with their clients.
“MEDPATH is incredibly excited to become a part of the Health Carousel Locum Network as we continue to build our unique Physician workforce solutions program,” said Tim Kouble, Founder of MEDPATH. “We connected strongly to Health Carousel’s higher purpose of improving patient lives and making healthcare work better. We’re looking forward to advancing our relationships with healthcare organizations across the country to ensure every patient gets access to quality providers when and where they need them.”
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