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WSPN and Conflux Forge Strategic Partnership for a Brighter Path in Digital Finance

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SINGAPORE, Sept. 27, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN) is excited to announce a groundbreaking partnership with Conflux, a leading high-performance public blockchain. This collaboration will see WSPN’s flagship stablecoin product, WUSD, on the Conflux blockchain, marking a significant milestone in both companies’ efforts to advance the DeFi space. WUSD is a stablecoin designed for worldwide payments and round-the-clock financial markets, always redeemable 1:1 for US dollars. Through this collaboration, users will not only enjoy higher staking rewards but also have the opportunity to participate in the growing DeFi ecosystem, offering stable returns while being part of the evolving financial landscape.

Key aspects of this partnership include:

1. Expanding Multi-Chain Ecosystem Globally

WSPN, committed to providing convenient payment experiences worldwide, recognizes Conflux’s high performance and low transaction costs as key advantages. This collaboration will expand WSPN’s multi-chain ecosystem, making WUSD more accessible to users with diverse preferences. Conflux’s technological strengths will effectively support WUSD’s global circulation, promoting broader adoption while attracting more users to the Conflux ecosystem.

2. Enhancing Liquidity with CFX/WUSD Trading Pair

To boost WUSD’s liquidity, WSPN is partnering with major exchanges like Bitget to introduce the CFX/WUSD trading pair and enable deposit and withdrawal functions on the Conflux eSpace network. This initiative aims to provide a smoother trading experience, lower entry barriers, and strengthen the ties between WUSD and the Conflux ecosystem. It’s expected to increase WUSD’s market trading volume, significantly reduce on-chain costs, and improve transaction speeds, while also enhancing its visibility on major exchanges.

3. Expanding On-Chain Use Cases for WUSD

The partnership will create more on-chain use cases for WUSD, further driving its issuance and trading volume. WUSD will be integrated across various DApps within the Conflux ecosystem, including trading, payments, lending, and cross-border transactions. These new applications will boost demand for WUSD and offer users more opportunities to engage with the WUSD ecosystem, enhancing market activity and liquidity.

Conclusion

This strategic alliance between WSPN and Conflux around the WUSD stablecoin marks a pivotal moment in the journey towards a more inclusive and efficient global financial system. Both parties are committed to working closely with the community to explore innovative applications and drive the sustained growth of the entire ecosystem. As we move forward, users can expect to see a series of new features, improved accessibility, and enhanced financial opportunities emerging from this collaboration.

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About Conflux

Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. Conflux operates without congestion, maintains low fees, and prioritizes network security. Being the leading regulatory-compliant public blockchain in China, Conflux offers advantages for projects entering the Asian market. In its partnerships, Conflux collaborates with global brands and government entities including, Shanghai government, China Telecom, Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives.

Learn more at https://confluxnetwork.org

About WSPN

WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure and licensed digital payments for Web3 users.  WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.

Learn more: www.wspn.io | X | LinkedIn

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Medius named Customer Favorite by Spend Matters

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JACKSONVILLE, Fla., Sept. 27, 2024 /PRNewswire/ — Medius, a leading provider of AP Automation and wider Spend Management solutions, today announced that it has earned three prestigious SolutionMap Customer Favorite badges from Spend Matters:

Customer Favorite – Supplier Management
Customer Favorite – Contract Lifecycle Management
Customer Favorite – eProcurement

Medius is among 93 vendors in the Fall 2024 SolutionMap and TechMatchSM procurement technology rankings. Each of the vendors in the SolutionMap process undergo rigorous functionality and capability assessment with 500+ RFI requirements across 15 procurement technology solutions with mandatory demos and impartial, anonymized customer ratings.

Vendors with the highest number of top scores from their customers’ surveys earn the Customer Favorite badges.

“We’ve designed SolutionMap to aid the practitioner so they may better understand and analyze the customer experiences, market developments and technological innovation of the myriad solution providers by process competency,” said Jason Busch, Founder and CEO of Spend Matters.

“We are excited to see Medius solutions awarded as customer favorites in so many areas of Medius’ spend management suite. We continue to deliver incremental innovations that help them save time, reduce risk, improve operations, and add more value to their procure-to-pay processes and customer clearly love our work in the independent feedback they provide through the SolutionMap process,” said Daniel Ball, Chief Product Officer at Medius.

For more information, please contact:
Dan Bird, Fight or Flight for Medius
[email protected] +44 7885 670798 / [email protected] +44 330 133 0985

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

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J.S. Held: Strategic Advisors to 65% of the Fortune 100

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JERICHO, N.Y., Sept. 27, 2024 /PRNewswire/ — Global consulting firm J.S. Held is proudly celebrating 50 transformative years as strategic advisors to a broad spectrum of clients, including 65% of the Fortune 100 company executives, boards of directors, and their financial investors.

Strategic Advisory at J.S. Held is multi-faceted and enriched by a legacy of risk management that results in solutions that are as comprehensive as they are actionable. J.S. Held Strategic Advisory clients benefit from a curated collection of technical, scientific, and financial experts, entrepreneurs with an unrivaled understanding of both tangible and intangible assets, ensuring that the advice clients receive is not just theoretical but grounded in real-world experience and innovation. Whether focused on addressing a unique circumstance or enhancing a company’s business operations, every Strategic Advisory assignment begins with understanding the clients’ overall concerns and objectives.

Generally, our mandate is established by:

  • Senior management teams of operating companies
  • Public and private investors
  • Corporate Boards of Directors
  • Investment bankers
  • Counsel
  • Business consultants

Michael Jacoby, CTP, of Phoenix Management, a part of J.S. Held, who has advised more than 400 clients in a variety of industries, including roles as an independent director and interim manager for 30 companies, notes, “The diverse collection of experts at J.S. Held ensures that the strategic guidance we provide to businesses of all sizes is practical, grounded in real-world experience and designed to provide meaningful and lasting impact.”

James E. (Jim) Malackowski, CPA, CLP, of Ocean Tomo, a part of J.S. Held, observes, “In today’s knowledge-driven economy, where 90% of company value is comprised of intangible assets, intellectual property (IP) is often the most valuable asset a company holds. At J.S. Held, we recognize that IP is not just a legal concern – it’s a critical element in strategic business decisions and financial valuation.” Jim continues, “Our experts are uniquely positioned to advise on the complexities of IP valuation, helping clients realize the value of their innovations in the marketplace.” This multidimensional insight allows J.S. Held to provide clients with the tools to protect, leverage, and capitalize on their intellectual assets. 

Greg Esslinger, a former practicing lawyer and former Special Agent for the FBI in the International Counterterrorism Division, with decades of experience advising companies and their counsel on international compliance, cross-border investigations, and risk management, highlights the unique and complex dynamics existing in frontier, emerging, and developed markets as organizations consider new market entry investments. “J.S. Held has deep expertise and experience across geographical regions and industries, strengthening our ability to provide strategic advisory to clients entering fast-growing and complex markets,” Greg shares. “Our extensive public and private sector networks allow us to deliver proprietary analysis, gain access and influence, and achieve impact for clients seeking to maximize opportunities and mitigate risk.”

John Peiserich, Esq., environmental risk and compliance strategy expert, shares the triple bottom line focus – people, profit, and planet – of J.S. Held corporate sustainability and environmental, social, and governance (ESG) consulting advisory, “Throughout the sustainability / ESG journey, we help business stakeholders shape their goals and strategies, select and implement technologies, enhance operations, mitigate risks, strengthen governance, and become more reputable and sustainable to drive long-term business value.” John continues, “We combine the diverse technical, financial, technological, scientific, regulatory, investigative, and strategic advisory expertise across our global team.”

The depth and breadth of our work in the insurance market provides a strong foundation in risk assessment, data analysis, global awareness, regulatory compliance, technological adaptability, and risk mitigation. Collectively, these skills better equip our experts to assess business risk across diverse geographies, geopolitical landscapes, compliance frameworks, and digital advancements. “In a world where uncertainty is the only constant, there is a need for something solid you can hold onto,” observes J.S. Held President and Chief Executive Officer Jonathon Held. “Our name is our promise,” he adds. “Our role as strategic advisor is emblematic of this promise, even in the face of the most daunting risks, clients have the expertise and guidance to act with confidence.” 

J.S. Held’s expertise in strategic advisory is built upon five decades of experience in the most rigorous venues – state, federal, and international courts – and spans more than 150 different industry segments. Because our past success provides the best indication of our capabilities, J.S. Held is proud to feature a few representative engagements.

Operational Advisory

J.S. Held continues to be a strategic partner to a $350 million dollar revenue outdoor products manufacturer that experienced operational and financial challenges. Initially providing due diligence, over the course of more than 7 years, our experts have offered insight and strategic guidance, which has been leveraged by the company to continue its growth trajectory. We have recommended and implemented operational improvements and have helped to advance the Company’s e-Commerce initiatives. We have also provided critical due diligence and transactional support in evaluating, closing, and implementing bolt-on acquisitions. As a trusted operational advisor, we have often served as an extension of the company’s management, operating, and financial teams during years of expansion. Our experts helped fill crucial roles in driving the strategic planning process, spearheading operational improvements, serving as plant controllers on multiple occasions, and driving critical improvement projects.

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Financial Advisor in M&A

Ocean Tomo, a part of J.S. Held, was retained by a special purpose acquisition company (AltC Acquisition Corp.), co-founded by Sam Altman and Churchill Capital, in its acquisition of Oklo, Inc., a nuclear fuel recycling company and advanced manufacturer of small modular nuclear reactors. As a financial advisor on this transaction, experts conducted a strategic assessment of Oklo’s go-to-market plans and an analysis of the company’s technology and intellectual property. The multi-disciplinary team’s deep industry and regulatory knowledge was instrumental in performing a comprehensive analysis of the target company’s strategy and providing a robust Fairness Opinion to the Board of Directors of AltC Acquisition Corp.

New Market Entry

J.S. Held was retained by one of the largest global mining companies to help them understand key sector dynamics ahead of the prospective acquisition and related investment in a Central African country. As a trusted advisor, our team provided an in-depth report on Central African countries’ key mining sector dynamics, including enhanced due diligence investigation through in-country visits. Our experts conducted both primary and secondary research on political developments, legal systems, finance and taxation laws, social issues, and operational risks to help understand the characteristics of the sector and identify the challenges and opportunities. Our report was essential in helping the client to better understand the operating environment in and around the mining sector in the Central African countries and helped guide their strategy for market entry.

Carbon Management & ESG Strategy

With its deep expertise in carbon markets and trading, J.S. Held was uniquely positioned to assist a large, integrated oil and gas company facing a complex challenge: optimizing its carbon market exposure and minimizing the costs associated with complying with various carbon regulations. With the increasing prevalence and stringency of carbon pricing mechanisms worldwide, the client recognized the need for a comprehensive strategy to manage their carbon obligations effectively. With expert guidance from J.S. Held and the implementation of the carbon optimization trading book, the client realized significant value, including cost savings, revenue generation, risk mitigation, operational efficiencies, and regulatory compliance.

Learn more about the dedicated and entrepreneurial experts like Michael, Jim, Greg, and John, who help transform J.S. Held, explore our story, and celebrate this momentous milestone, our 50 & Forward celebration, with us at jsheld.com.

About J.S. Held

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

More than 1,500 professionals serve organizations across six continents, including 81% of the Global 200 Law Firms, 70% of the Forbes Top 20 Insurance Companies (85% of the NAIC Top 50 Property & Casualty Insurers), and 65% of the Fortune 100 Companies.

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J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Contact

Kristi L. Stathis | Global Public Relations | +1 786 833 4864 | [email protected]

JSHeld.com

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Firstsource positioned as a ‘Leader’ in Lending Services Operations PEAK Matrix® Assessment 2024 by Everest Group

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MUMBAI, India, Sept. 27, 2024 /PRNewswire/ — Firstsource Solutions Limited (NSE: FSL) (BSE: 532809), a leading global provider of specialist domain-led Business Process Services (BPS) and an RP-Sanjiv Goenka Group company, has been positioned as a Leader in the Everest Group’s Lending Services Operations PEAK Matrix® Assessment 2024.

The Lending Services Operations PEAK Matrix ® Assessment 2024 evaluated and classified 30 lending service providers based on their market impact, and vision, and capability, as well as scalability and client references into the three categories of Leaders, Major Contenders, and Aspirants. Firstsource was positioned as a ‘Leader’ among service providers for achieving growth, despite challenging market conditions, offering a balanced range of services across the lending value chain—commercial, consumer, mortgage, and auto lending – providing a diverse set of clients with a complete experience, driving innovation, and investing to augment their Al-based in-house solutions suite.

Vivek Sharma, President – BFS, CMT, and Emerging Geos, Firstsource, shared, “Being recognized as a Leader in the 2024 Lending Services Operations PEAK Matrix® Assessment is a powerful validation of our focused strategy. We have deliberately chosen to limit our domains and deepen our expertise in those areas, and this recognition reinforces that commitment. Our comprehensive operations, supported by Collection and Lending Innovation Labs in the U.S. and U.K., leverage AI-driven solutions and a strategic global reach to enhance customer experience, drive operational excellence, and deliver innovation—all under one roof.

“As the lending services industry continues to evolve, our emphasis on innovation and value creation across the entire lending value chain positions us as a trusted partner for organizations seeking to future-proof their business. This acknowledgment highlights our role in driving the future of the industry and solidifies our leadership in delivering cutting-edge solutions that meet the complex needs of our clients.”

Sahil Chaudhary, Practice Director, Everest Group, shared, “Firstsource’s impetus on innovation and digital solutions has helped it to drive growth, as well as making it a preferred BPS partner amid the challenging economic landscape in the lending operations market. Their well-diversified clientele across the lending value chain, combined with strategic investments in in-house AI-based solutions, has established it as a Leader in Everest Group’s Lending Services Operations PEAK Matrix® Assessment 2024.”

To download a copy of the assessment, please visit: Firstsource Named a Global Leader by Everest Group Peak Matrix 2024 – Firstsource

About Firstsource

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Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company (NSE: FSL) (BSE: 532809) (Reuters: FISO.BO) (Bloomberg: FSOL:IN), is a specialized global business process services partner, providing transformational solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, and other diverse industries. With an established presence in the US, the UK, India, Mexico, Australia, South Africa, and the Philippines, we make it happen for our clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data, and analytics. Our real-world practitioners work collaboratively to deliver future-focused outcomes. (www.firstsource.com)

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