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Omnetrium Cloud-Based Platform Powers Prize-Linked Savings

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Omnetrium, an innovative software platform which designs, builds and operates custom prize-linked savings programs, congratulates Centennial Bank (www.my100bank.com) on the launch of their Cents To Win Prize Savings Program.  The Cents To Win Program is powered through a technology partnership with Omnetrium.

“We at Centennial Bank are excited to partner with Omnetrium to provide our customers in Arkansas an innovative way to save for their future,” said Tracy French, Chief Executive Officer of Centennial Bank.

“With slowing deposit growth, higher interest rates and rising marketing & client acquisition costs, the timing is optimal for banks to explore prize-linked savings programs,” said John Hackett, co-founder of Omnetrium.  “Although new to U.S. banks and consumers, prize-savings programs are offered by financial institutions around the globe as a proven and popular way to build sustainable new customer growth and inspire customer engagement with banks,” added John Hackett.

The appeal of prize-linked savings programs to consumers is simple – people place a high value on the chance to ‘win big’.  And everyone knows how a prize-raffle or lottery works.  With prize-linked savings, consumers deposit money in an FDIC-insured savings account with their bank.  For dollars saved, they receive digital tickets that are entered in frequent drawings for a chance to win cash prizes.  The more they save, the more tickets and chances the consumer has to win.

Omnetrium is a cloud-based software platform to design, build and operate custom prize-linked savings programs for financial institutions in the U.S.  The platform was intentionally built in the Microsoft Azure Cloud to leverage their enterprise-grade scalability and extensive expertise in protecting data.

Omnetrium is based in Chicago, IL.  In 2017, the company was one of ten firms selected from over 300 applicants to participate in the FIS FinTech Accelerator, a collaboration with FIS, The Venture Center and the State of Arkansas.

 

SOURCE Omnetrium

Fintech

NOVASPARKS EXPANDS ITS OPERATIONS IN ASIA-PACIFIC

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NovaSparks™, the leading field programmable gate array (FPGA) market data company, is pleased to announce the appointment of Clément Pelletier as the new sales and marketing director, based in Bangkok, Thailand. Pelletier will report to Dr. Luc Burgun, CEO and president, beginning on December 1st, 2023.

“Clément possesses a wealth of experience that makes him unique in the industry,” said Luc Burgun, NovaSparks’ chief executive officer and president. “His thorough understanding of the sales process, particularly in the field of trading tools which he acquired over 20 years in Asia, makes him ideally suited to drive our sales and marketing initiatives in APAC. We are pleased to welcome Clément and look forward to his leadership in expanding our operations in Asia.”

Pelletier brings to NovaSparks solid experience in sales and marketing in Asia. Most recently, he served as sales director for the APAC office of Horizon Software, a global leader in electronic trading solutions and algorithmic technology. Prior to Horizon Software, he served as CEO of CPIT, an IT services and consulting, specialized in the Fintech industry, based in Hong Kong. Pelletier holds a Master of Engineering from INSA Lyon.

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Fintech

Broadridge Investment Management Technology Enhances Carlyle’s Private Credit and CLO Portfolio Management Operations

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Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that its cloud-based solution, Sentry, has been implemented at global investment firm Carlyle in support of its private credit and collateralized loan obligation (CLO) portfolio management. The Sentry private credit and CLO portfolio management technology will enable Carlyle to more efficiently manage its deal pipeline, trade compliance and loan operations on a single platform, and scale operations as the platform grows.

“With increased demand in credit products and ongoing growth of our product offerings, we wanted the right technology that would enable us to scale up and achieve a platform approach,” said Jim Keogh, Carlyle’s Managing Director and Head of Operations for Global Credit. “Sentry has smoothly integrated with our technology stack and provides functionality that will improve our capabilities as we grow.”

“Working closely with Carlyle, we customized Sentry to specifically suit their portfolio management requirements, which emphasized the need to help manage all aspects of private credit and CLO administration,” said Mike Sleightholme, Broadridge’s president of international and head of asset management solutions. “This implementation really showcases the value of the flexibility and scalability our solution offers and how it helps position firms for growth.”

Broadridge’s Sentry PM is a scalable web-based solution that provides front-to-back-office functionality to both the private debt and syndicated loan markets to increase overall efficiency, including research and pipeline management, pre- and post-trade compliance, analysis of hypothetical trade scenarios, dynamic waterfall projections, loan administration, and data aggregation across strategies, portfolios and assets.

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Fintech

Nuvei enters global payments partnership with Microsoft

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Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that it has partnered with Microsoft to deliver leading payment experiences for customers of its products, solutions, and services across many of its key markets.

Microsoft will start using Nuvei’s customizable and agile payments technology in the Middle East and the Africa region, while benefiting from Nuvei’s deep knowledge of local markets to optimize its payments for recurring billing and individual transactions across both its Office and Xbox product ranges.

Other benefits of Nuvei’s global payments capabilities Microsoft is harnessing include optimized authorization rates through local acquisition and superior risk management that minimize false declines, as well as Nuvei’s ability to offer all of the relevant local alternative payment methods (APMs) to each market through a single integration. Philip Fayer, Nuvei Chair and CEO said: “Enabling Microsoft to connect to its customers across a wide range of products is testament to our technology and dedication to world-class customer service. We’re excited to optimize payments for such a universal brand that is trusted and relied upon by so many people.”

“We’re pleased to extend our payment solutions to the Middle East and African region,” added Ajith Thekadath, Vice President Global Payments at Microsoft. “Whether it is a one-off purchase, software subscription, or in-game purchasing, payments are critical to our overall customer experience.  Partnering with Nuvei enables our customers to pay wherever they are and whenever they want to.”

Extending the partnership across geographies and use cases

Nuvei and Microsoft are committed to extending this partnership across additional markets, as well as exploring new use cases to enhance the overall Microsoft experience. This includes Microsoft Dynamics 365, its business applications technology suite that drives operational efficiency and improved enterprise resource management.

Fayer commented: “As two innovative, technology-led businesses that provide solutions to many of the leading international brands across the globe, it makes sense to explore how we can work more cooperatively as we grow our commercial relationship.”

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