Fintech
Bay Talent Group Announces Management Changes
Toronto, Ontario–(Newsfile Corp. – April 6, 2020) – Bay Talent Group Inc. (TSXV: HIRE) (“BTG” or the “Company“), announces that its Board of Directors has accepted the resignation of Mr. Allan Hartley as Chief Executive Officer and a Director of the Company, effective immediately.
The Company also announces the resignation of Steven Wang as officer and director of BTG’s subsidiaries, Provision IT Resources Ltd. and PTC Accounting and Finance Inc., effective immediately. Both Mr. Hartley and Mr. Wang played significant roles in the formation and growth of the Company. BTG is grateful for their contributions and wish them well in their future endeavors.
The Company announces the appointment of Mr. Simon Dealy, CPA, MBA, as Chief Executive Officer, effective immediately. Mr. Dealy has more than 25 years experience in operations, finance, strategic planning, acquisition, and business development. Mr. Dealy is co-founder of BTG and has served as BTG’s President since January 1, 2018 and Chief Financial Officer since January 1, 2019, and has, during these periods, and among other things, overseen the acquisition and integration of BTG’s material subsidiaries. Mr. Dealy holds a Master of Business Administration degree from Suffolk University and is a Certified Public Accountant.
The Company also announces the addition of Dan Teguh as Vice President, Finance. Prior to joining BTG, Mr. Teguh was Director of Corporate Development at a leading North American healthcare consolidator where he was responsible for acquisitions and transaction execution. Prior to this, Mr. Teguh held progressively senior roles at a publicly traded insurance holding company covering all aspects of capital management including mergers and acquisitions, planning, operations, financial reporting, and investor relations. Mr. Teguh began his career at Ernst & Young LLP. He is a Chartered Professional Accountant and holds a Bachelor of Commerce degree from Queen’s University.
The Company also announces that Eric Loree has been named Chief Legal Officer. Mr. Loree joined BTG in December 2018 as Corporate Secretary. Prior to BTG, Mr. Loree worked in the Listed Issuer Services department at the TSX Venture Exchange where he was a member of the Exchange’s Executive Listing and Policy Committees. He also previously acted as legal counsel to a major telecommunications company and practiced in the Corporate Finance and Securities Law department of a national law firm based in Toronto. Mr. Loree holds a Bachelor of Business Administration degree from Wilfrid Laurier University and a Bachelor of Laws degree from Queen’s University.
Mr. Dealy, Chief Executive Officer of BTG was quoted “While COVID19 creates general uncertainty for business and the market, BTG is taking bold steps to realize on our strategic plans. We continue to move forward on our acquisition pipeline as we build towards an ever more digitized operating environment. The Canadian job market may be reduced during the next quarter however our Company’s management is now strengthened, has a demonstrated track record in the HR industry and is looking to lead to a technology-based future driven by industry leading advisors.”
About Bay Talent Group Inc.
BTG is a technology company in the HR consulting industry with a strong focus on staffing and recruiting. BTG’s strategy is to complete accretive acquisitions of staffing, information technology, and HR consulting firms that meet BTG’s strategic, valuation, expertise, geographic, and operational criteria. BTG’s organic growth plans combined with acquired growth creates value and provides Bay Talent Group entities additional diversified vertical and cross-selling opportunities, realized savings from consolidating operations and leveraging a centralized back-office structure.
BTG’s current operating subsidiaries, Provision IT Resources Ltd. and PTC Accounting and Finance Inc., are HR consulting firms that offer a range of professional staffing services for accounting, finance, information technology, office administration and human resources. BTG’s clients include large organizations in the financial, government, insurance, and pension fund sectors, as well as, small and medium sized businesses across a broad range of industries.
For further information, please contact:
Bay Talent Group Inc.
Simon Dealy, Chief Executive Officer
Phone: (647) 868-9611
Email: [email protected]
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward Looking Information
The information provided in this press release contains “forward-looking statements” or “forward-looking information” (collectively referred to hereafter as “forward-looking statements“) within the meaning of applicable Canadian securities legislation.
All statements in this press release that address activities, events or developments that BTG expect or anticipate will, or may, occur in the future, including statements about BTG’s business prospects, future trends, plans, strategies, including, in particular, BTG’s acquisition strategy and the expected benefits thereof and objectives. In some cases, forward-looking statements are preceded by, followed by or include words such as “may”, “will”, “would”, “could”, “should”, “believes”, “estimates”, “projects”, “potential”, “expects”, “plans”, “intends”, “anticipates”, “targeted”, “continues”, “forecasts”, “designed”, “goal”, or the negative of those words or other similar or comparable words.
Forward-looking statements are not a guarantee of future performance and are based upon a number of, including, without limitation, assumptions about: future economic conditions (including the effect of the COVID-19 pandemic on national and international financial markets), competition; anticipated and unanticipated costs; the ability of BTG to obtain any necessary financing on acceptable terms; and the ability of the BTG to obtain qualified staff and services in a timely and cost-efficient manner.
Although management of BTG believes that the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that a forward-looking statement herein will prove to be accurate.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of BTG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to: the limited operating history of BTG, reliance upon key management, adverse changes in general economic conditions (including the continuation of the COVID-19 pandemic), the failure to identify eligible candidates, competition and low barriers to entry, litigation risk, cybersecurity risks, reputational damage, failure to access technology necessary to compete, failure to align cost structure with revenue, reliance on key customers, risk that BTG will be unable to meet its obligations under financial instruments, risks inherent to BTG’s acquisition strategy, conflicts of interest, significant ownership and control by significant shareholders, requirement for additional financing, potential dilution from the exercise of convertible securities and the potential for activist shareholders, all as more particularly described in “Risk Factors” in the filing statement of BTG (then Danacore Industries Inc. dated as at November 26, 2019 filed under the Company’s profile on www.SEDAR.com). Although BTG has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.
All forward-looking statements made in this press release are qualified by such cautionary statements. BTG undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Fintech
Fintech Pulse: Your Daily Industry Brief (Axos Bank, Global Trading Network, Fonepay, Compass Plus Technologies, Instacoins)
Axos Bank Partners with Way.com to Address Rising Car Costs
Axos Bank has teamed up with Way.com to help customers mitigate increasing car expenses. This partnership focuses on vehicle refinancing and aims to offer savings through integrated digital solutions. By combining Way.com’s auto services with Axos’ financial products, users can streamline their vehicle-related expenses, from insurance to payments. This move reflects Axos’ strategy to enhance its consumer offerings by leveraging partnerships in niche sectors.
Source: Axos Bank.
Brazil’s Largest Drug Gang Under Investigation for Fintech Infiltration
Brazilian authorities are probing the country’s largest drug gang for using fintech platforms to launder money. This investigation highlights concerns over the growing use of digital financial tools by organized crime. The gang allegedly exploited fintech’s lack of stringent oversight compared to traditional banking, raising red flags about regulatory gaps in the digital financial landscape.
Source: Bloomberg.
GTN Appoints New CEO to Drive European Expansion
Global Trading Network (GTN) has appointed Christopher Gregory as CEO for Europe, marking a pivotal step in its strategic expansion across the continent. Gregory, known for his expertise in fintech and capital markets, is expected to lead GTN’s efforts in diversifying its product offerings and enhancing its market presence. This leadership shift underscores GTN’s commitment to capitalizing on Europe’s burgeoning fintech market.
Source: PR Newswire.
Fonepay and Compass Plus Launch Nepal’s First Virtual Credit Card
Nepal’s digital payments ecosystem takes a leap forward with Fonepay partnering with Compass Plus Technologies to introduce the nation’s first virtual credit card. This innovation aims to promote cashless transactions and enhance financial inclusion by offering secure, contactless payment options. This development aligns with Nepal’s digital transformation goals and is set to redefine consumer payment experiences in the region.
Source: Fintech Futures.
Instacoins Partners with Luxury Brands for Digital Payments
Instacoins is expanding its footprint in the luxury market by partnering with high-end brands to enable cryptocurrency payments. This initiative is designed to offer affluent customers a seamless digital payment option, blending traditional luxury shopping with modern fintech solutions. The partnership also reflects the increasing adoption of cryptocurrency in mainstream commerce.
Source: PR Newswire.
The post Fintech Pulse: Your Daily Industry Brief (Axos Bank, Global Trading Network, Fonepay, Compass Plus Technologies, Instacoins) appeared first on News, Events, Advertising Options.
Bety is a decentralized casino and sportsbook platform that supports Bitcoin deposits and withdrawals. It is owned and operated by 12 Stars International Gaming Solutions Limited, a company established in Seychelles.
Bety, one of the leading Web3 betting platforms with a decentralized approach to casinos and sportsbooks, has unveiled its enhanced offer, boasting over 20,000 crypto casino games, sports, and eSports events. The platform aims to become one of the top Bitcoin casinos with a fair, transparent, and unmatched gaming experience for everyone
Blockchain technology is a catalyst for innovation in all sectors, and online casino gaming is no exception. The growing adoption of cryptocurrency into the mainstream supports the emergence of groundbreaking platforms in digital entertainment. Bety is one of the major players spearheading this revolution by offering secure and accessible gaming experiences to change how people interact with online gambling services.
The Advantages of Web3 Betting
Traditional online casinos have been around since the early days of the Internet. However, they have always faced the same challenges, such as slow payouts and high deposit/withdrawal fees. Moreover, users have often complained about the improvable fairness of game bets and their outcomes.
Web3 betting solves these issues and takes online casino gaming to the next level through blockchain gaming. Its use of decentralized ledger technology ensures a transparent gaming experience for all users. It also accelerates deposit and withdrawal times at considerably lower costs than what traditional casinos practice.
The processing times for deposits at traditional and crypto casinos are similar, often occurring instantly. However, there is a significant difference in withdrawal times between conventional online casinos and blockchain-based casinos.For example, traditional casinos can take several days to process withdrawals. Users often have to wait up to 3 days to transfer winnings to their credit/debit cards and 7 days via bank transfers. On the other hand, crypto casinos process payouts in only a few minutes, sometimes instantly, depending on the blockchain network’s congestion. This remarkable speed allows players to access their earnings faster and enhances the user experience.
The Rise of Blockchain Gaming
Blockchain gaming is a game-changer for the online casino experience. This technology offers unprecedented levels of trust and transparency. Thanks to its decentralized nature, players from various regions can play in complete anonymity and privacy. Furthermore, the lack of a centralized authority enhances game insights. It sets the stage for provably fair game mechanics, thus empowering players to make informed choices.Bety is an innovative blockchain gaming platform that employs the Provable Fairness concept, which is fundamental for Web3 betting. The platform ensures that game outcomes are determined randomly and cannot be manipulated by the operator or any other party. Therefore, Bety guarantees equal winning odds for all players.
Innovation and Accessibility
Bety stands out as a popular crypto casino with a rich selection of classic casino games and sports events catering to high-end players. The platform excels through its user-centered approach, which includes various bonuses, an exclusive VIP program, and 24/7 customer support.Moreover, Bety embraces the latest technological advances by incorporating the many benefits of blockchain networks, such as Bitcoin payments. The platform supports quick Bitcoin deposits and withdrawals, offering higher privacy and accessibility than traditional payment methods, such as debit or credit cards.
Hash Games at Bety Casino
Blockchain technology increases the gaming offer for online casinos, providing games not supported by traditional casinos. For example, conventional casinos rely on the classic offer of vintage games with limited scalability and versatility potential. On the other hand, blockchain provides a fertile ground for boundless creativity, spurring innovative concepts, such as play-to-earn and hold-to-earn.Gaming diversity is one of the most exciting aspects of building a Web3 betting platform on blockchain technology. In addition to offering traditional casino games such as slots, poker, blackjack, and roulette, Web3 casinos also provide hash games.Hash games are fast-paced, simple games that mimic classic casino games while adding a pinch of excitement. The game mechanics use hash value calculation and blockchain algorithms to deliver a thrilling, straightforward gaming experience. Players must wager on a predicted hash interval and win if their prediction is correct. Hash games involve various betting options that broaden the winning odds.Bety has several hash games in its versatile blockchain gaming offer, including Hash Banker Player, Hash Bull, 3-Min Bull, 1-Min Banker Player, and more. These games function by simple, easy-to-understand rules and ensure provable fair outcomes with appealing RTP rates.
A Unique Classic Casino Gaming Offer
In the most recent offer upgrade, Bety reveals an enhanced gaming offer, including slots, live casino, table games, lottery games, and sports events. Users can pick from over 10,000 casino games from leading brands, such as PGSoft, Evolution Gaming, Evoplay, Yggdrasil, Red Tiger, EG Games, Spribe, JILI, AE Sexy, Ezugi, and PNG. This stellar collection of games from reputable brands ensures players have non-stop access to the latest games and live events while enjoying a cutting-edge gaming experience.Bety offers a versatile library of over 10,000 slot games from more than 100 leading brands. Many of these games involve highly appealing bonuses, making the playing experience even more exciting. The platform replicates an authentic casino experience through its live casino that players can enjoy without leaving their homes. Also, the table games section includes many traditional and fan-favorite games, such as poker, blackjack, baccarat, craps, roulette, and more.
Promotions & Bonuses
Bety also provides several promotions for new and veteran players to make the gaming experience even more thrilling and fulfilling. The platform offers bonuses on the first 4 deposits and 7-day and monthly bonuses. Furthermore, referring friends to Bety entitles players to additional bonuses and earning opportunities.
The VIP Program
Bety invites players to explore its large blockchain gaming selection. They can quickly make transparent and instant Bitcoin deposits to play these games and boost their profiles on the platform. In time, the most loyal players can enter Bety’s VIP program and enjoy several advantages, including cash back incentives, free chests, free spins, and personal VIP assistants. Moreover, the platform also supports instant Bitcoin withdrawals.
The post Bety Unveils Enhanced Offer of 20,000+ Crypto Games and Sportsbook Events appeared first on News, Events, Advertising Options.
1. 21X Secures Historic EU Blockchain License
In a groundbreaking development, 21X has obtained the first fully regulated EU license for a blockchain-based trading venue, setting a new precedent for digital asset trading within Europe. This initiative aims to integrate blockchain technology into traditional financial markets, enhancing transparency, efficiency, and trust. By leveraging Distributed Ledger Technology (DLT), the platform will allow both institutional and retail investors to trade digital securities under a stringent regulatory framework. This move is expected to accelerate the convergence of traditional and decentralized finance across the European Union.
Source: GlobeNewswire
2. 9fin Raises $50 Million to Expand Legal Tech Solutions
UK-based fintech legal platform 9fin has secured $50 million in Series B funding led by major VC firms. Known for its AI-powered data analytics in legal and financial services, 9fin plans to utilize these funds to scale operations and expand its presence in the U.S. The investment reflects growing confidence in fintech solutions that bridge legal and financial markets, particularly in streamlining debt capital markets.
Source: Artificial Lawyer
3. Bolivia’s Crypto Ban Lifted: A Surge in Digital Currency Interest
Bolivia has reversed its longstanding ban on cryptocurrencies, signaling a potential shift in Latin America’s approach to digital assets. This regulatory relaxation has ignited a crypto boom in the country, as entrepreneurs and investors rush to capitalize on the newfound legal status of digital currencies. With this change, Bolivia aims to foster innovation in fintech while maintaining safeguards to prevent financial crimes. Analysts predict this could spur broader adoption across the region, potentially reshaping Latin America’s fintech landscape.
Source: Bitcoin.com
4. Top AI-Powered Fintech Startups Identified by VCs
A recent report highlights the 15 most promising AI-driven fintech startups poised to disrupt the financial industry in 2024. From enhancing fraud detection to automating investment strategies, these startups are leveraging machine learning and AI to redefine financial services. Key players include fintech firms specializing in lending, insurance tech, and wealth management. This surge in AI integration is reshaping consumer interactions, driving efficiency, and creating new revenue streams across the fintech ecosystem.
Source: Business Insider
5. Upstart, LendingClub, and Cloudflare in the Spotlight
Leading fintech stocks such as Upstart and LendingClub saw significant market activity, reflecting broader trends in consumer credit and fintech innovation. Meanwhile, Cloudflare continues to impact the tech sector, particularly in cybersecurity for financial institutions. These companies are setting the pace in their respective domains, with investors closely monitoring their growth trajectories amid a competitive market landscape.
Source: Yahoo Finance
The post Fintech Pulse: Your Daily Industry Brief (21X, 9fin, Upstart, LendingClub, Cloudflare) appeared first on News, Events, Advertising Options.
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