Category Archives: Business

Press Releases from the Business World. Announcements, Product releases, Appointments.

First Mercantile Trust Rebrands as American Trust Retirement


American Trust Retirement

American Trust Retirement

Building off the success of a 100 year-long tradition, American Trust Retirement is a brand that illustrates the real representation of small to mid-sized businesses in America that have fueled this country and now deserve better retirement outcomes.

Following on the acquisitions of First Mercantile Trust and American Trust Retirement, EdgeCo Holdings, the parent company, embarked on a course to build a recognizable brand for its full-service record-keeping business.

“Our vision was to create a destination for Advisors and Third-Party Administrators (“TPAs”) to engage an authentic partner who will help their small to mid-sized businesses create a better retirement outcome,” says John Moody, CEO of EdgeCo Holdings.

This rebranding effort was coupled with a consolidation of recordkeeping software between the companies which will create a better experience for Advisors, TPAs, plan sponsors, and participants that are collectively serviced by American Trust Retirement. This was successfully completed in October of this year.

“Bringing together not only the technology, but most importantly the expertise of our talented staff in our various locations under one brand was an important step in our commitment to growth in the marketplace,” says Micah DiSalvo, Chief Revenue Officer for American Trust Retirement.

Behind the brand comes a Bill of Rights that promises to deliver to its Advisors and TPAs the following:

  • We will help you build your business, not take your business.
  • We will not overshadow your brand.
  • We will provide custom plan design expertise to help you win more business.
  • We will help you change the dialogue with plan sponsors.
  • We will show you how to grow your business beyond the plan.
  • We will always have your back.


“Having dedicated 35 years to this business, it is exciting to see this level of commitment to growth through a meaningful re-branding and investment into our platform. I see the engagement in our employees, TPAs, advisors and shared clients, which creates a renewed enthusiasm in our mission to create better retirement outcomes,” stated Phil Maness, Vice President of Client Management for First Mercantile Trust, now American Trust Retirement.

About American Trust Retirement

American Trust Retirement is a division of First Mercantile Trust, a non-depository trust company domiciled in Tennessee. It is part of EdgeCo Holdings which, along with its sister companies, is a leading provider of best-in-class technology-enabled solutions for financial intermediaries and their clients. Collectively the portfolio of companies provides a suite of technology and support services including full-service retirement plan administration, brokerage, advisory, and trust and custody services to a diverse national client base of financial intermediaries. This client base includes registered representatives, investment advisors, and other financial intermediaries including retirement plan record-keepers, TPAs, bank trust departments, broker dealers, and insurance companies. The firm services approximately $120 billion in client assets under custody or administration and more than 10,000 financial advisors and 500 financial institutions.

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Gretchen Littlefield to receive DMCNY Silver Apple Award


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Gretchen Littlefield, CEO of Moore DM Group – 2019 Silver Apple Award Honoree

I am honored to be recognized by the DMCNY with this prestigious award and to be included in such a great group of past and current recipients.

Gretchen Littlefield, CEO of Moore DM Group, was named a 2019 Silver Apple Award honoree by the Direct Marketing Club of New York. The award honors distinguished direct marketing achievers who have made strides within areas of expertise and have generously contributed their time and talents to the industry for 25 years or more.

“I am honored to be recognized by the DMCNY with this prestigious award and to be included in such a great group of past and current recipients,” said Littlefield. “Those who have received this award are truly the best of the best in our industry. I am proud to know many previous recipients, some who have served as my mentors. I believe in the importance of the industry and the positive impact marketing can have in people’s lives.”

With a career spanning more than two decades, Littlefield is an accomplished marketing industry veteran with a proven track record of success in big data, digital media and marketing services expertise. She joined Moore DM Group in March 2019. Prior to joining MDM, Littlefield spent 13 years as president of Infogroup, directing the nonprofit, business-to-business and business-to-consumer integrated data and marketing services business units. Littlefield lead the creation of many Infogroup vertically-focused products, such as Apogee, the company’s nonprofit co-op. She is a recognized leader in the nonprofit arena having launched multi-million dollar fundraising programs and for helping lead nonprofit and marketing advocacy organizations.

Littlefield has served in numerous industry leadership roles and currently serves as vice chair of The Nonprofit Alliance, a group she and other leaders in the nonprofit sector founded in 2018. Littlefield is also the immediate past chair of Marketing Edge.

The 2019 DMCNY Silver Apple Awards Gala will be in held Thursday, November 7, 2019 at The Edison Ballroom in Manhattan. For more information and a complete list of honorees, visit the DMCNY website at dmcny.org.

About Moore DM Group

Moore DM Group is a global leader in performance-driven marketing solutions focused on all facets of the consumer experience. Moore DM Group is comprised of 32 companies with more than 2,000 employees dedicated to helping our clients fulfill their mission. The organization provides services including strategic consulting, creative development, media planning and buying, research and analytics, production management and product fulfillment, database services and public relations to nonprofit, association, commercial and government clients, and is a key contributor to strengthening these sectors.

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FinLab Solutions SA Announces the Release of PackHedge™ v.5.4. Providing Major Enhancements Including Custom Aggregators for Multi-Layer Segmentation Analysis


Effective portfolio risk management requires detailed understanding of exposures of every imaginable type within a portfolio, as well as across a number of portfolios.

FinLab is pleased to announce the release of PackHedge™ v.5.4. which provides many new features and enhanced functions. A key element of this release includes the new custom segmentation and breakdown Aggregators with proportions, across multiple layers and with look through which provide substantially enhanced segmentation and risk analysis for portfolios, consolidated portfolios and proformas.

The segment analysis for portfolios, consolidated portfolios and proformas can be viewed across many of the PackHedge™ windows, including P&L, Balance Sheet, Standalone Performance, Portfolio Summary, etc.

“Effective portfolio risk management requires detailed understanding of exposures of every imaginable type within a portfolio, as well as across a number of portfolios.” FinLab’s CEO, Denis de Pentheny O’Kelly stated. “The new custom segmentation and breakdown aggregators provide substantially enhanced segmentation analysis with look through across multiple layers for PackHedge™ users. For example, our clients can understand their portfolios’ exposures cascading across Industry segments, then by Geography, then by Currency and then by Asset. As a result, based on internal guidelines and judgment, clients can make the necessary adjustments to their portfolio(s) to mitigate risks. In addition, any sort of segmentation(s) can be setup, such as; ESG performance, Long/Short exposures, Investment Type, Capitalization, etc.”

The full range of PackHedge™’s extensive analytical and reporting tools include all the new functions for use on portfolios, consolidate portfolios and proformas to provide extensive segmentation analysis, contribution analysis by return and various risk statistics, attribution analysis, stress testing, scenario analysis, sensitivity analysis, portfolio optimization, style analysis and peer group analysis, extensive risk analysis and statistics, PCA (principle component analysis), cluster analysis, etc.

New functionalities have also been added to portfolio transactions allowing single or multiple settlement dates for subscriptions, contributions and distributions for both assets and shareholders, transfer transactions now automatically keep the original subscription dates for liquidity analysis and many other transaction enhancements.

For those clients moving their infrastructure to cloud based services on MS-Azure, they now have the choice of setting up their PackHedge™ database as a Postgre-SQL database, as a MS-SQL database, as a MS-SQL-Express database or as a MS-Azure Database-as-a-Service.

In addition to adding the Preqin Hedge Funds data as a new data source available with PackHedge™, various enhanced functionalities have been added to the tools for importing data and merging data into PackHedge™’s unique aggregated data source data model which include the addition of comparing a number time series types before deciding to match and a number of filtering options to assist in management of the matching and merging processes.

About FinLab

FinLab Solutions SA is a software solutions company that develops, distributes and supports one of the world’s most advanced investment industry solutions for Alternative/Hedge funds, Private Equity funds, Mutual/Traditional funds and most other investment instruments such as UCITS, ETFs, Equities, Real Estate, Art Collections, etc. and which provides; quantitative and qualitative research and analysis, risk analysis, stress testing, scenario analysis, exposure analysis, contribution and attribution analysis, asset allocation, portfolio construction and management, shadow accounting for portfolios, managed accounts and funds of funds, due diligence, document management, workflow and financial innovation.

The company’s solution PackHedge™, provides a series of state of the art modular software tools in a single fully integrated platform that provides: Unmatched portfolio construction and management tools for complete proforma portfolio simulation and/or comprehensive portfolio construction and management for mixed asset portfolios, managed accounts or funds of funds with liquidity ladder analysis, contribution analysis, attribution analysis and exposure analysis. PackHedge™ offers the most advanced analysis tools including: stress testing, scenario analysis, sensitivity analysis, portfolio optimization, style analysis and peer group analysis, extensive risk analysis and statistics, PCA (principle component analysis) and cluster analysis. Comprehensive CRM, Outlook synchronization, document management, Mail Robot, workflow management tools including setting limits and alarms. PackHedge™ is built on a unique and powerful multi-source, multi-currency, multi-frequency qualitative and quantitative data management model. PackHedge™ includes data aggregation, extensive statistical analysis and charting, a multi-dimensional query engine, and an extremely flexible, easy to use and powerful custom reporting and batch report production capabilities. In addition, tools to manage time series imports and customizable due diligence questionnaires are provided to ensure full data integrity. The company was founded in 1999 and is headquartered in Geneva, Switzerland.

For more information, please visit FinLab’s web site http://www.finlab.com or please contact:

FinLab Solutions SA, 11 Rue Maunoir, CH-1207 Geneva, Switzerland

Denis de Pentheny O’Kelly: +41-22-548-0027 or +1-302-468-6927 or ddepokelly@finlab.com.

Terra Site Constructors Announces New Federal Construction Division


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“The 8(a) qualification and the development of a business unit devoted solely to Federal contracts is an important milestone in our company’s evolution,” stated Babur R. Mian, President and CEO of the firm.

Terra Site Constructors, is pleased to announce the launch of a new business division dedicated to Federal Government clients. The new Federal division will have the sole mission of providing Federal government clients best-in-class services by integrating its engineering and construction expertise.

Since its inception in 2014, Terra Site Constructors has successfully completed projects in Virginia, District of Columbia, Maryland, North Carolina and Delaware, and has grown to over 70 employees and diversified its services and client base. Terra Site was recently admitted to the U.S. Small Business Administration’s (SBA) 8(a) Business Development Program and looks forward to meeting the needs of the Federal Clients.

“The 8(a) qualification and the development of a business unit devoted solely to Federal contracts is an important milestone in our company’s evolution,” stated Babur R. Mian, President and CEO of the firm. “We have successfully delivered 60+ plus projects with a combined value of more than 40 million dollars for clients in the Government, Infrastructure, Industrial and Commercial markets over the last 5 years. We feel well prepared to expand our services to meet the needs of the Federal clients with a well-integrated project delivery team that has deep experience in the Federal market to service Federal contracts.”

The areas of focus for the company include roads and bridges, dams, water and sewer, drainage, sitework, foundations, retaining walls, building rehabilitation and construction, dredging, remediation and construction management. The work performed by the company falls within the following NAICS classification codes: 236210, 236220, 237110, 237310, 237990, 238110, 238120, 238140, 238910, 541611 and 541690.

About Terra Site Constructors

Established in 2014, Terra Site Constructors has a proven track record for developing innovative ideas and solutions for non-standard projects with special requirements. Terra Site Constructors provides innovative solutions for highway, federal, commercial, and industrial construction projects in the mid-Atlantic region, has grown consistently and now has more than 70 employees, including seasoned construction professionals, project managers, estimators and skilled field employees. The firm is SBA 8(a) Certified and DBE, MBE, SBE, and LDBE certified in several states throughout the Mid-Atlantic region.

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JK Design’s Jerry Kaulius Inducted Into Advertising Hall of Fame of New Jersey


Jerry Kaulius – Founder & Chairman
at JK Design

“It takes someone with a rare combination of talent, vision, and determination to build a business from the ground up, and make it a success for more than three decades,” said Martha Marchesi, CEO of JK Design.

Creative marketing agency JK Design announced that founder and Chairman Jerry Kaulius has been named to the Advertising Hall of Fame of New Jersey. He will be honored along with three other inductees at a ceremony and dinner at the Highlawn Pavilion in West Orange on November 7.

Sponsored by the New Jersey Advertising Club, the Advertising Hall of Fame of New Jersey was founded in 1981 to recognize individuals who have made outstanding contributions to the creative and economic values of the advertising industry in the state.

This year’s nominees were evaluated on eight criteria: leadership, creativity, professional integrity, professional history, philanthropic activity, economic contributions, achievement of national significance, and personal efforts to advance New Jersey’s position in the national advertising community.

Kaulius founded JK Design in 1985 with his wife, Vice Chair Barbara Kaulius, from their home in Edison. The agency has grown to include a multidisciplinary team of more than 50 and is now headquartered in Hillsborough, with satellite offices in New Brunswick and New York City. Its client roster includes Philips Lighting, Marco’s Pizza, Quest Diagnostics, Ricoh, and Priceline, among many other major brands.

Kaulius’ design work has received national distinction in such publications as Print magazine and Graphic Design USA; his creative direction has also been honored with Telly, MarCom, Communicator, Hermes, Jersey, and other awards.

“It takes someone with a rare combination of talent, vision, and determination to build a business from the ground up, and make it a success for more than three decades,” said Martha Marchesi, CEO of JK Design. “Jerry has consistently seen where our clients’ needs were headed, and put together the right people and capabilities to meet them—creating a collaborative culture where every project is a new opportunity to go above and beyond.

“This is a well-deserved recognition of his creative thinking, professional integrity, and unwavering dedication to his clients, his community, and his employees.”

The nomination also highlighted Kaulius’ charitable work—including the agency’s “JK Gives Back” volunteer program and longtime pro bono support of New Brunswick-based Embrace Kids Foundation—and his commitment to nurturing New Jersey’s advertising talent through scholarships and other opportunities.

“I feel incredibly lucky to have turned my passion for drawing into a lifelong career, and to have had the chance to inspire other people’s creativity even as they’ve inspired me,” said Kaulius.

“I’m thankful for this fantastic honor—and grateful to my JK family for helping me achieve it.”

For more information about the Advertising Hall of Fame of New Jersey, visit http://www.njadclub.org/awards/hall-of-fame.

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About JK Design:

JK Design is a creative marketing agency finding new ways to make deeper connections with the people who matter to your business. We offer full-service capabilities in branding and messaging, digital engagement, employee experience, and strategic marketing, including web, mobile, video, and print design. JK’s offices are located in Hillsborough and New Brunswick, N.J., and New York City. Learn more at jkdesign.com.

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Solvang Life Insurance Agent, Rick Torres, Reports The Top Reasons To Review Insurance Policies


life insurance Solvang

Life changes and that means life insurance policies need to change as well.

There is more to life insurance than simply purchasing a policy and filing it away in a safe place. Rick Torres, a life insurance agent from Solvang, CA believes that periodic reviews of life insurance policies are important for a number of reasons.

Life changes and that means life insurance policies need to change as well. Events like marriage (or divorce) and a new baby mean dependents change or that it’s time for a life insurance policy for the new baby. A new job or promotion and raise at work might mean it’s time to increase the policy’s value. Even buying a new and more expensive home can mean it is time to review life insurance to make sure your family’s lifestyle is protected. It’s a good idea to meet with your insurance agent to review a life insurance policy at least once a year and definitely any time there is a change.

It is also important to review the life insurance policies of marriage or domestic partners. Changes to the income or life status of each partner impact the future of the entire family.

Here are the top reasons to review a life insurance policy:


  • Income changes: Getting a new job, even losing a job for any reason is the time to evaluate a life insurance policy. An increase in income usually means lifestyle changes. Increasing life insurance coverage helps guarantee that beneficiaries can maintain a good lifestyle when you are no longer around to provide for them. Starting or selling a business is time for a review and so is retirement.
  • Health changes: Improvements in personal health, such as losing weight, reducing blood pressure and increasing heart health may reduce life insurance rates. Changes in the health of a beneficiary might mean it is time to consider increasing your life insurance coverage to help ensure they are able to pay medical costs if you are no longer around. Consider making provisions for the care of aging parents if you unexpectedly pass away before they do.
  • Changes in family status: Marriage, divorce, domestic partnerships, a new baby, an adoption or any other change to family status means it is time to review life insurance policies. In the case of family status, it’s important to review all of the life insurance policies including wife, husband and children to make sure all coverage is adequate for the future of the beneficiaries.
  • Upsizing, downsizing or paying off a home: Buying a new, larger home, paying off the mortgage, or retiring to a smaller home might mean it’s time to change a life insurance policy.
  • Beneficiaries have changed: An ex-wife or husband benefiting from the death of a former partner is not just fodder for a movie script, it actually happens. It’s important that life insurance beneficiaries be kept current as life changes, but this doesn’t necessarily mean removing an ex or adding a child. The desire to provide for aging parents, or a favorite niece or nephew, even grandchildren, are good reasons to review the life insurance policy to be sure it is adequate for the needs of new beneficiaries.

Call the experts

Rick Torres is a Solvang life insurance agent with State Farm that helps his clients manage the risks of everyday life. His priority is to take care of the important things in his clients’ lives in a friendly, caring and professional way. He offers a holistic, comprehensive approach to protecting his clients and helping them to fulfill their financial plans. Torres provides auto, home, and life insurance, retirement and college planning, and business and health insurance. Office hours are Monday- Friday 9 a.m.- 5 p.m., and Saturday by appointment.

RW Torres Insurance Agency, Inc.

540 Alisal Road, Suite 4

Solvang, CA 93463-2637

(805) 688-5418

This press release is by San Luis Obispo advertising company Access Publishing, 806 9th Street, #2D, Paso Robles, CA 93446, (805) 226-9890.

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VantagePoint Deepens its Executive Strength with the Addition of Marketing & Sales Consulting Leader


VantagePoint Performance, the only research-led agile sales coaching, consulting and training company in the world, announced today a recent addition to the company’s executive team to meet the increasing demand for agile sales and manager training.

Scott Weinhold, an industry veteran with more than 20 years of experience in organizations such as Kronos and Corporate Visions, joins VantagePoint as EVP, Strategy and Innovation. Mr. Weinhold’s areas of expertise include Sales Messaging, Marketing and Sales Alignment, Sales Training and Sales Enablement.

“Scott is a proven innovator and disruptor. He brings world-class experience to an already great team and will have an immediate and profound impact on VantagePoint’s customers,” said Joe Terry, CEO of VantagePoint. “He shares our conviction to improve the buyer experience through serving our customers with world-class agile sales and coaching solutions. Scott is here to help accelerate VantagePoint’s transformation into the preeminent buyer experience company in the industry.”

“The greatest brands are those that find a way to deliver an exceptional buyer experience—above and beyond great product,” said Mr. Weinhold. “By working with the world’s best brands to identify their unique selling situations and training their reps to identify how to recognize them, VantagePoint is poised to transform the sales industry.”

Prior to joining VantagePoint, Scott helped enterprise marketing and sales organizations position their unique value to win sales. A veteran sales leader turned consultant, he has led strategic messaging, training, enablement and positioning initiatives for leading companies in almost every B2B industry, including 4 of the 5 largest software companies in the world—guiding sales organizations to build and deliver messages and skills that cut through the market noise, build pipeline and win more deals.

About VantagePoint Performance

VantagePoint is the only agile sales performance company delivering diagnostic-based training and consulting solutions—all grounded in the latest academic-led, agile sales research. The VantagePoint proprietary Agile Sales & Coaching Platform includes an agile diagnostic that identifies the behaviors and unique situations your sales managers and salespeople face in the customer’s journey. Leveraging your company data, you will know the behaviors and strategies your high-performing managers and sellers use to win in each specific selling situation. With VantagePoint, you will equip all your managers and sellers to be situationally fluent, to execute each unique interaction in the buyer’s journey like your top-performers. Our mission is your performance; we are VantagePoint Performance and we are agile to the core!

To learn more visit http://www.vantagepointperformance.com

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Meridiem Offering Opportunity to Become NSight Success Certified Coach


Meridiem

NSight Success certification is an opportunity for coaches to add a powerful, evidence-based assessment tool to their service offerings. It helps coaches develop a deeper and more meaningful connection with their clients, which helps them sustain and grow their coaching businesses.

Meridiem is offering an opportunity for 50 coaches to become certified to administer the NSight Success Assessment. NSight Success is an extensively validated, business-oriented assessment instrument that measures work-related and interpersonal characteristics. It targets both aptitude and personality success factors including verbal reasoning, numerical reasoning, vocabulary, scanning accuracy, decision-making style, drives, stressors, communication style, leadership style, commitment, and reliability.

The certification is designed for coaches, consultants, and talent managers who use or want to use personality or aptitude assessments as part of their service offerings. It is geared particularly for coaches offering executive coaching, life coaching, talent selection, organizational development, team building, conflict resolution, and succession planning.

According to Mr. Delmar Davis, President and Co-Founder at Meridiem, “NSight Success certification is an opportunity for coaches to add a powerful, evidence-based assessment tool to their service offerings. It helps coaches develop a deeper and more meaningful connection with their clients, which helps them sustain and grow their coaching businesses.”

NSight certification classes begin on December 2, 2019. Registration deadline is November 29, 2019, and class size will be restricted to the first 50 enrollees. The classes are 100% online, fully self-paced, but with 12 weeks of structured learning support. Interested coaches can visit Meridiem’s website at http://www.NSightCertify.com.

Meridiem’s CEO and Co-Founder Mr. Michael Sheehan added, “I personally used the NSight for more than a decade when I was a president of a major steel distributor. I used it for hiring and development for all positions, from entry level to executive. It was key for us to get the right people on the board that fit the culture of our company. I believe so much in the assessment that when I had the opportunity, I formed a company, and bought it.”

About Meridiem

Meridiem provides assessments, services, and online tools for coaches, consultants, and HR professionals who support their clients in achieving professional success, organizational wellness, and personal fulfillment. In addition to exclusively publishing the NSight Success assessment, Meridiem is acquiring and developing a library of other evidence-based tools for enabling organizational excellence and personal growth.

The company is based in Cincinnati, Ohio and was co-founded by Mr. Michael Sheehan and Mr. Delmar Davis. Dr. Mark S. Nagy joined the company as a principal partner and Chief Research Officer.

Mr. Sheehan is a business development and entrepreneurism consultant who worked his way up from an entry-level position in a regional steel business to become President and co-owner of the company, eventually scaling and selling it to a multi-national corporation while maintaining the essence of the culture that created its success. He is the author of the forthcoming book The Street Savvy Entrepreneur.

Mr. Davis brings years of experience in operational leadership and talent management for major divisions of two Fortune 500 companies. He subsequently left the corporate world to establish a private practice as a life coach, wellness consultant, fitness trainer, and digital publisher. He is the founder of Easing In Fitness and author of Exercise Planning for Busy People.

Dr. Mark S. Nagy is the director of the Industrial-Organizational Psychology master’s program at Xavier University. His areas of research and expertise include assessment development and validation, job satisfaction theory and measurement, workplace civility, and performance appraisal and evaluation. His research has been widely published in professional journals and presented at conferences.

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Vistatec announce appointment of Michael J. Asquith to the global team


Michael J. Asquith, Senior Executive, Global Solutions, Vistatec

Industry experienced cross-cultural communications leader joins Vistatec as Global Solutions Executive.

Chicago based global content solutions practitioner, Michael J Asquith joins Vistatec as a Senior Executive, Global Solutions. Michael is an established thought-leader in the localization industry with experience in transglobal and cross-cultural work environments working in high-level management positions at Asia-based LSP’s over the last decade.

He has contributed to the architecture of sophisticated and impactful “Localization Programs” for many successful global brands.

“Joining Vistatec is like joining a team of experienced all-stars in the industry. Meshing with teams so focused on providing an outstanding customer experience to some of the most innovative brands in the world, that also happen to be our actual clients, has made my transition seamless and easy. It has been extremely welcoming in every way,” says Michael.

Having gained a wide range of skills through different roles in areas including Customer Centric Selling, Marketing, and Finance, Asquith will be looking after global accounts within Vistatec.

“It is inspiring to be joining Vistatec at this time; it is encouraging to work in an organization where our clients know they have a talented team of individuals across the globe to support their international objectives where even members of the executive management team stay regularly engaged. Vistatec excels at providing our customers with measurably impactful global content programs that deliver at every level.”

Ultimately, he says, “this allows our clients’ content development teams, in fast-paced environments, to be able to focus on the creativity and technicalities involved in the source language content regardless of the industry vertical or content type.”

About Vistatec

We have been helping some of the world’s most iconic brands to optimize their global commercial potential since 1997. Vistatec is one of the world’s leading global content solutions providers. HQ in Dublin, Ireland, with offices in Mountain View, California, USA. To learn more about Vistatec, please visit: http://www.vistatec.com

Media Contact

Priscillia Charles

Communications Director

https://vistatec.com/

priscillia.charles@vistatec.com

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Billon will be first to digitise Euro in DLT in cooperation with Raiffeisen Bank International


– Billon will participate in the Elevator Lab Partnership Program organised by Raiffeisen Bank International (RBI).

  • The Polish-British fintech is one of six companies selected from a group of over 280 applications.
  • Supported by RBI experts, Billon will develop a PoC of a distributed, digitalised cash platform using tokenised euro on DLT.
  • In March 2020 Billon will present the complete solution to the bank.

Warsaw / London, November 5, 2019. Billon was selected to participate in the Elevator Lab Partnership Program organised by Raiffeisen Bank International. The awarded idea, presented during the final qualification round on 17 October 2019 in Vienna, is a distributed ledger technology (DLT) based digital cash platform enabling transactions with tokenised euro stored on blockchain.

In the Elevator Lab program, Billon will demonstrate its proven technology, showcasing the capability to mint, transfer and redeem regulated currency on a distributed ledger. The Polish-British fintech will work with RBI to use the platform for interbank or intercompany transfers of funds and settlement with digitised euro. Later, the scope of work can be expanded with mass payouts of funds from corporates to individuals, merchant accounts for e-commerce and e-money accounts for individual customers

“Participation in the Elevator Lab program is a chance to forge a partnership with a large international finance institution and a leading bank in Central and Eastern Europe, something that Billon aspired to since the company was created. Seeing RBI’s eagerness to implement innovative technologies, I am confident this collaboration will have a very strong and positive effect on our business,” says Wojtek Kostrzewa, CEO of Billon Group.

The Elevator Lab program seeks partnerships with the best fintech startups operating in central and eastern Europe and offering, among others, fintech and AI solutions. This year, over 280 companies registered for the third edition of the program. In addition to Billon, five companies finally qualified to the acceleration phase: Uhura Solutions from Montenegro (using AI to verify and draft contracts), imVision from Israel (an API security platform), Minna from Sweden (subscription management for online banking systems), Quantoz from the Netherlands (blockchain payments for IoT devices), and Nayax from Israel (cashless payments).

“We have selected Billon as an Elevator Lab participant because Raiffeisen Bank International is interested in applications of the distributed ledger technology. Over the next months, we will be testing Billon’s solution and evaluating the potential added value for our customers,” says Maximilian Schausberger, head of fintech partnerships at Raiffeisen Bank International.

In the next few months, companies participating in the partnership program must create a proof of concept, showing that their technology can work with RBI’s systems and processes and generate added value for the bank. Billon and other finalists will present their PoC in Vienna on Demo Day, scheduled to take place on March 5, 2020. On this basis, RBI will evaluate possible cooperation.

“In the following months, we will take part in monthly acceleration workshops in Vienna. This will help us adapt our idea to the bank’s internal structure and regulatory requirements in Austria,” adds Wojtek Kostrzewa.

About Billon

Billon created the first enterprise DLT system, unifying national currency transactions, document management, and identity management into a single architectural system. We first solved the challenge of transacting micropayments at scale, and we also now encrypt documents and data on-chain, unleashing the transformational capacities of DLT in the regulated world. Billon’s high-performance DLT system is designed to deliver tangible business results in the areas of Account & Transactions, Trusted Documents, and Identity & Data Sharing.

Billon was founded in the UK in 2015, following several years of R&D in Poland. Its unique DLT protocol has been supported by many R&D grants, including the EU Horizon 2020 program. Billon is licensed to issue electronic money by regulators in the UK and Poland and employs a global team of more than 80 professionals in its two offices in London and Warsaw.

Billon actively works to implement its technology commercially with leading business partners, such as FIS in the US and BIK (the Polish credit office) in Poland. In 2018, the company won the Global FinTech Hackcelerator competition at the Singapore FinTech Festival, showcasing a solution to zero-cost blockchain micropayments. Billon is currently taking part in the Elevator Lab accelerator by Raiffeisen Bank International, working on e-money transactions with digitised euro on DLT.

For more information, visit http://www.billongroup.com.

About Elevator Lab

Founded in 2017, the fintech partnership program of RBI focuses on innovative ideas and solutions in the areas of Advanced Analytics & Artificial Intelligence, RegTech, Large Corporates & Institutional Clients, Payments and Transaction Processing for Mobility Services, Retail Banking, SME Banking, Cyber Security and FX Solutions. The largest program of its kind in CEE aims at long-term cooperation with these fintechs. For more information, visit elevator-lab.com.

Media contact:

Maciej Józefowicz

Head of PR & Communication

maciej.jozefowicz@billongroup.com

tel. 0048 734 443 023

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