Fintech PR
DeFinity Markets Integrates Fireblocks to enable secure API Digital Asset Operations for Institutions
LONDON, Nov. 7, 2024 /PRNewswire/ — DeFinity Markets, the first full-stack institutional digital asset matching and settlement platform for fiat and crypto, has integrated Fireblocks, an enterprise platform for building blockchain applications and managing digital asset operations, to facilitate safe storage and transactions for select API clients.
Fireblocks’ cutting-edge security infrastructure, combined with DeFinity’s advanced order matching and settlement capabilities across FX and digital assets, empowers users to trade seamlessly with minimal friction. By leveraging Fireblocks, DeFinity ensures institutional clients can execute trades with enhanced transparency, security, and ease.
Michael Shaulov, CEO of Fireblocks, said: “We are excited to support DeFinity Markets as they leverage our infrastructure to enhance the security and efficiency of their digital asset operations. With our infrastructure in place, DeFinity’s API clients can trade with confidence and ease, knowing their transactions are backed by the best security out there.”
The seamless integration of Fireblocks’ and DeFinity Markets’ services underpins the mutual dedication to helping clients achieve their digital assets and fiat requirements efficiently.
Manu Choudhary, CEO of DeFinity Markets, commented: “We are delighted to work with Fireblocks as it fits well into our strategic vision and roadmap of providing PB credit intermediated trading services for digital asset clients in the TradFi space.”
This integration further solidifies both companies’ commitment to supporting institutional clients in meeting their digital asset and fiat requirements with efficiency and security. Fireblocks’ advanced network capabilities simplify digital asset transfers by streamlining wallet address management, significantly reducing the risk of manual entry errors.
Michael Siwek, co-founder of DeFinity Markets, concluded: “This ongoing collaboration is very timely given our group company’s recent Jersey VASP status and the full launch of digital assets on the island. We will be working closely with Fireblocks to deliver a suite of products to our future PB clients transacting crypto currencies.”
As the custodian landscape evolves, the demand for qualified custody among institutional market participants continues to grow. The Fireblocks Trust Company is poised to offer the most secure, bank-grade cold storage solution, ensuring the highest level of protection for digital assets and supporting the growth of the U.S. digital asset ecosystem. TrustCo allows us to offer clients the flexibility to choose between traditional bank-backed cold storage and Fireblocks-backed physical cold storage, ensuring the highest level of security for their assets. Fireblocks’ cold storage custody solution meets New York Banking Law regulatory requirements, as well as the SEC’s Custody Rule, to provide comprehensive compliance and peace of mind for institutional clients.
By working with Fireblocks, we expect to further drive innovation in the rapidly evolving digital asset space, creating new opportunities for institutions to engage in cross-asset trading with unparalleled security, liquidity, and flexibility.
About DeFinity Markets
DeFinity Markets® is the Institutional Standard in Digital Assets Trading and fiat rails. DeFinity is built on institutional-grade technology offering unprecedented digital assets market access to globally leading Financial Institutions seeking to diversify their portfolio. The DeFinity management team has applied decades of knowledge of traditional financial markets to create the DeFinity ECN with direct market access. Platform participants can transact fiat FX trades with the digital asset’s component completed on the DeFinity ECN. The ECN is custody-agnostic and provides FIX API access, a standardized rulebook powered by an embedded AML/KYC framework. We aggregate quotes from market makers on which qualified clients can transact digital assets. DeFinity offers access to liquidity across all major digital assets, including stable coins. The DeFinity ECN supports fiat currencies including GBP, EUR, USD crosses supported by an integrated fiat on and off-ramp gateway.
Media Room DeFinity Markets
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/definity-markets-integrates-fireblocks-to-enable-secure-api-digital-asset-operations-for-institutions-302297759.html
Fintech PR
Court of Appeal Ruling on Motor Finance Mis-selling: Economic Boost Amid Budget Deficit Concerns
CHELTENHAM, England, Nov. 7, 2024 /PRNewswire/ — In light of the UK Budget’s focus on tackling the national deficit, a landmark Court of Appeal ruling in Johnson v. FirstRand Bank could deliver a significant economic boost through potential motor finance mis-selling compensation. Backed by consumer advocates Sentinel Legal, this historic decision may return billions to the UK economy, aligning with the government’s financial objectives.
Economic Impact Comparable to PPI:
The Johnson ruling could mirror the economic lift achieved through Payment Protection Insurance (PPI) compensation after the 2008 crisis, which at its peak contributed up to 3% of the UK’s GDP. With an estimated 90% of all new cars bought using finance—often involving undisclosed or excessive costs—the ruling may affect millions of households and redirect over £21 billion back into the economy.
Government Revenue from Taxed Compensation:
This decision also presents a potential tax revenue stream for the government. Compensation could be taxed at the source, similar to PPI payouts, which generated billions for the Exchequer. This additional revenue arrives at a crucial moment when the government is under pressure to bridge the budget gap.
Sam Ward, Director at Sentinel Legal, stated, “This ruling provides a rare win-win: justice and financial redress for consumers, while also contributing to economic recovery. The parallels with PPI’s impact are striking, and we believe this case has the potential to provide the economic boost the UK urgently needs.”
Support for Consumers and Accountability for Lenders:
For consumers, the ruling offers an opportunity to reclaim funds from lenders who used unfair finance practices, with funds likely reinvested into household budgets. The decision also signals an industry-wide call for transparency and accountability in motor finance.
Ward added, “Through compensation, we’re not only providing financial redress but putting money back into people’s pockets at a time when household budgets are stretched. This is a unique chance to genuinely support the public.”
Pathway for Claims with Sentinel Legal:
The Johnson ruling empowers consumers to challenge lenders over unfair practices, excessive interest rates, and undisclosed commissions. Sentinel Legal, with a record of over £300,000 recovered in motor finance compensation, is offering free consultations and a no-win, no-fee service for those who may be eligible for redress.
This landmark ruling not only offers a critical pathway for consumer justice but also stands to stimulate the UK economy during a time of pressing financial need.
Contact:
Kelly Lewins
[email protected]
07960937800
Logo: https://mma.prnewswire.com/media/2522479/5012888/Sentinel_Legal_Logo.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/court-of-appeal-ruling-on-motor-finance-mis-selling-economic-boost-amid-budget-deficit-concerns-302298700.html
Fintech PR
Ford’s Winning Lineup Fuels Record Sales in the Middle East; Sets Stage for Electrified Future
- Record 2024 sales growth in the region driven by strong performance in key markets and Ford’s freshest lineup to date.
- Mustang Mach-E and Territory Hybrid launches highlight Ford’s commitment to an electrified future in the Middle East.
- Connected services are also coming to Ford customers in the region, with the 2025 introduction of FordPass™.
DUBAI, UAE, Nov. 7, 2024 /PRNewswire/ — More customers than ever are buying Ford products across the Middle East, thanks to Ford’s extensive and freshest portfolio of vehicles and services for every lifestyle.
“2024 has been an exceptional year for Ford in the Middle East, with sales having doubled since 2022,” said Ravi Ravichandran, president of Ford Middle East. “This success is due to strong market share gains by our distributors in key countries such as the United Arab Emirates, Kuwait, Bahrain, Qatar and Saudi Arabia.”
In fact, Ford is currently the fastest-growing automotive brand in Saudi Arabia. Al Jazirah Vehicles Agencies and Mohammed Yousef Naghi Motors have accounted for 57 percent of Ford’s total business in the Middle East in the first half of the year.
“The strong performance by all our distributors has contributed to Ford achieving record sales in this important region,” Ravichandran added.
Ford’s strong product momentum comes from 15 nameplates sourced from around the world. Highlights of Ford’s new lineup of products and services include:
2025 Mustang Mach-E: The all-electric Mustang Mach-E premiers in the region next year. This performance-focused electric SUV with space for five adults embodies the Mustang legacy, boasting a 0-100 km/h time of 3.3 seconds. Available with two different battery sizes, the Mach-E has an estimated range of 350-450 Km.
“Mustang Mach E represents a landmark moment for us,” said Kay Hart, president of Ford’s International Markets Group. “It’s our first fully electric vehicle for the region and is truly one of the most exciting vehicles Ford has ever produced.”
Mustang Mach-E will join the F-150, Taurus and Ford Territory hybrids, further solidifying Ford’s commitment to offering a diverse electrified portfolio.
2025 Territory Hybrid: Territory, Ford’s best-selling nameplate in the Middle East, will arrive electrified in 2025. Available across all trims, the Territory Hybrid will combine the popular SUV’s spaciousness, safety features, and convenient design with a fuel-efficient hybrid powertrain, seamlessly blending electric power with the traditional combustion engine for maximized efficiency without compromising performance.
2025 Expedition Tremor: For two decades, customers in the Middle East have bought the full-sized Expedition SUV for its power, capability, convenience, and comfort. The 2025 Expedition takes this legacy even further. Built by off-road experts, it has increased horsepower and torque plus Intelligent 4WD with Terrain Management System and an exclusive Rock Crawl mode. With 33-inch all-terrain tires and 10.6 inches of ground clearance, customers can conquer any terrain – from the deserts of the GCC to the most challenging trail.
Ford Connected Services: Next year Ford will accelerate the launch of Ford Connected Services with the FordPass app first in the UAE, followed by Saudi Arabia.
“FordPass will connect you to your Ford like never before – in a way that puts the ownership experience right in the palm of your hand,” Hart said. “Imagine you’re rushing to a meeting or appointment on a scorching summer day. With FordPass, you can remotely start your car and pre-cool the cabin before you even step outside.”
“Customers in today’s increasingly connected world expect personalised treatment from companies. They want solutions that make them feel productive, cared for and special,” Ravichandran said. “That’s why we’re reimagining every single part of a customer’s ownership journey. Everything we’re doing is to empower customers and make their complicated lives simpler and worry-free.”
That means offering convenient services such as online booking, pickup and delivery options in some markets. There’s also Express Service for routine maintenance so customers can get back on the road with minimal disruption to their day.
Ford’s commitment also includes establishing a new parts distribution center in the UAE, scheduled to open in January 2025. This new center will allow quicker delivery of parts to distributors, allowing Ford owners to get back on the road more quickly.
“Our lineup of innovative products and services shows just how committed Ford is to our customers, our distributors, our employees and our communities across the Middle East,” Hart said.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Ford employs about 175,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.
Photo: https://mma.prnewswire.com/media/2551432/Ford_Motor_Company_2025_Mustang_Mach_E.jpg
View original content:https://www.prnewswire.co.uk/news-releases/fords-winning-lineup-fuels-record-sales-in-the-middle-east-sets-stage-for-electrified-future-302298583.html
Fintech PR
Powering Progress through Connectivity: GSMA’s Mobile Economy Sub-Saharan Africa Report Calls for Action to Close the Digital Divide
New report highlights opportunities in AI, 5G, and satellite connectivity to bridge a 60% usage gap and unlock $170 Billion in GDP by 2030
NAIROBI, Kenya, Nov. 7, 2024 /PRNewswire/ — The mobile industry’s $140 billion contribution to GDP in 2023 is projected to reach $170 billion by 2030 if key connectivity barriers are addressed. These are insights from the flagship Mobile Economy Sub-Saharan Africa 2024 Report unveiled by GSMA today. Mobile technology is essential in supporting development goals across key sectors like healthcare, education, and finance, driving economic growth by expanding internet access and digital services.
As digitalisation accelerates, the report highlights that 4G expansion is set to drive connectivity, projected to account for half of all connections by 2030. However, a significant coverage gap remains, with 13% of the population still unreached, and a 60% usage gap affecting those who live within coverage areas but face barriers to get online, such as unaffordable devices, limited digital skills, or online safety concerns.
In addition to these connectivity challenges, the region faces high operating costs, inflationary pressures, and energy price volatility. Despite these obstacles, emerging trends such as generative AI and satellite partnerships present innovative solutions to bridge gaps across sectors. Broader API solutions, such as GSMA Open Gateway, which recently launched security APIs in South Africa, are poised to enhance digital security and simplify services as these initiatives expand regionally. Addressing these issues is essential to unlocking the socio-economic potential of mobile connectivity in Sub-Saharan Africa.
“Our findings this year reveal both the extraordinary potential and the challenges facing Sub-Saharan Africa’s mobile ecosystem,” said Angela Wamola, Head of Sub-Saharan Africa, GSMA. “To fully realise the benefits of connectivity, it is essential for operators, policymakers, and stakeholders to address affordability barriers, support infrastructure expansion, and foster collaborations that drive digital inclusion and economic impact.”
Read the full press release here.
Logo: https://mma.prnewswire.com/media/1882833/5011528/GSMA_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/powering-progress-through-connectivity-gsmas-mobile-economy-sub-saharan-africa-report-calls-for-action-to-close-the-digital-divide-302298062.html
-
Fintech7 days ago
Fintech Pulse: Your Daily Industry Brief – Breaking Trends and Insights in Fintech
-
Fintech2 days ago
Fintech Pulse: Industry Updates on Regulatory Pressures, Fraud Prevention, Humanitarian Finance, and Strategic Sales
-
Fintech PR5 days ago
CCTV+: From Silk Road Gateway to Global Innovation Hub: Xi’an Advances Industrial Upgrades and International Cooperation
-
Fintech PR6 days ago
Xinhua Silk Road: Financial co-op for global common dev’t under spotlight at forum held in E. China’s Shanghai Jing’an
-
Fintech PR6 days ago
Hitting Milestones, Coinstar and BBC Children in Need Celebrate Together with £1.6 Million in Donations
-
Fintech PR5 days ago
UBS Asset Management launches its first tokenised Money Market Fund, available through DigiFT
-
Fintech PR5 days ago
FII8 Day Three Ends with $70 Billion in Deals Announced
-
Fintech PR5 days ago
KuCoin Shines at The Gateway Event, Advocating for Blockchain Innovation Through TON