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Helio Lending Bolsters Cryptocurrency Lending Platform, Adds Crypto Deposit Business

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Company Aims to Be First to Market as CeFi Aggregator

San Francisco, California–(Newsfile Corp. – February 23, 2021) – Helio Lending Pty Ltd., a privately held CeFi Aggregator based in Australia and San Francisco, which has built a unique and propriety platform enabling loans secured by certain cryptocurrencies, is pleased to announce the expansion of its cryptocurrency lending platform to now provide customers a safe and secure way to deposit cryptocurrency assets while earning interest on their deposits. In addition, the Company has expanded its network of partners to include more cryptocurrency loan providers as well as yield generating platforms, becoming the first to market CeFi Aggregator.

Mr. John O’Shea, Founder and CEO commented, “Helio is pleased to announce that since establishing its US operations, the company has accelerated plans to build out its cryptocurrency lending platform. Helio now has access to over $100,000,000 USD funds for cryptocurrency loans and has further expanded its platform to be become positioned as a leading CeFi Aggregator. Centralized finance, called ‘CeFi’ allows people to earn interest or get loans on their cryptocurrency by lending or borrowing through a centralized corporation. Recent industry reports suggest that this market is large, and at the very early stages becoming mainstream with significant growth projections to continue over the next few years.”

Ms. Min Kim, Director of Marketing for Helio commented, “Helio is continuing to invest in marketing and branding to establish its identity as the GO-TO provider of choice, offering customers an array of loan and deposit structures with the ability to pick from the best terms and rates available at any given time, as well as a structure that suits each customers individual financial needs. Whether it be a loan to be used for a real estate purchase, expansion of a business or even the purchase of new business, Helio is here to help. The Company’s value add now includes the ability to work with various loan providers at once in order to secure same day quotes on loans with varying LTV, APR, and Terms as well as to help customers negotiate for the best possible terms on their loans. On the yield generation front and cryptocurrency deposits, Helio knows that vendor promotions change every day around what interest rates customers can earn for stable coins, Bitcoin and a variety of others. Helio is able to inform customers about who is offering the best rates on a weekly if not daily basis and help negotiate terms on behalf of customers who meet various minimum amount requirements on their deposits.”

“We are excited to onboard the next new batch of loan providers and yield generation platforms in crypto to offer our clients the ultimate choice and selection on their cryptocurrencies. The company is actively working on numerous partnership agreements with some of the biggest cryptocurrency lenders in the US and Asia. What that means for Helio is that customers can come to us and we can shop around deposits or loans for the best possible yield and interest rates at that point in time. Providing customers with a value add not offered by anyone in the market place today,” concluded Mr. O’Shea.

Helio is now seeking leading partners on the loan and yield generation as the Company expands its customer offerings. Cyrptocurrency holders are encouraged to reachout to Helio to discuss new options available to earn yield on their cryptocurrency or engage in applying for crypto collateralized loans. The company is also on the search for top companies who may be interested in strategic partnerships, expansion/JV partnerships and/or to be acquired. To start a conversation with Helio, email [email protected].

CONTACT INFORMATION

For employment opportunities, media and all other inquiries, please contact:
[email protected]
[email protected]

John O’Shea
Founder and CEO & Chairman
CYIOS Corp. (OTC Pink: CYIO)

Follow Helio Lending using: https://twitter.com/heliolending.

About Helio Lending

Founded in 2018 by our Chairman, Mr. John O’Shea, Helio Lending is a cryptocurrency lender, with headquarters in Australia. Recognized as the first to market in Australia, Helio Lending was the first independent crypto lending company to actively lend within Australia under an Australian Credit License.

Helio lending provides holders of certain cryptocurrency (such as Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin and Ripple) with a safe and secure way to access fiat funds, without selling any of their cryptocurrency.

Helio Lending takes care of the entire lending process, and will give holders of cryptocurrency (such as Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin and Ripple) safe and secure access to fiat funds, without selling any of their cryptocurrency. Beginning with KYC and AML checks, arranging lending agreements, securing collateral in insured cryptocurrency wallets, funding loans, monitoring the value of the cryptocurrency assets and servicing the terms of each individual contract on a 24/7 basis.

Using Distributed Ledger Technology allowing transaction and settlement without counterparty risk, Helio Lending enables holders of digital assets to use certain digital assets as collateral. Helios Lending’ technology electronically monitors the price of the Approved Digital Assets such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple to allow access to these credit and fiat currencies.

For more information, please visit: https://heliolending.com/.

FORWARD-LOOKING STATEMENTS: This release contains “forward-looking statements.” Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “would,” “could,” “will” & other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company’s actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to economic conditions, changes in the laws or regulations, demand for products and services of the company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered w/ these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75201

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Central banks and the FinTech sector unite to change global payments space

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The BIS, along with seven leading central banks and a cohort of private financial firms, has embarked on an ambitious venture known as Project Agorá.

Named after the Greek word for “marketplace,” this initiative stands at the forefront of exploring the potential of tokenisation to significantly enhance the operational efficiency of the monetary system worldwide.

Central to this pioneering project are the Bank of France (on behalf of the Eurosystem), the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York. These institutions have joined forces under the banner of Project Agorá, in partnership with an extensive assembly of private financial entities convened by the Institute of International Finance (IIF).

At the heart of Project Agorá is the pursuit of integrating tokenised commercial bank deposits with tokenised wholesale central bank money within a unified, public-private programmable financial platform. By harnessing the advanced capabilities of smart contracts and programmability, the project aspires to unlock new transactional possibilities that were previously infeasible or impractical, thereby fostering novel opportunities that could benefit businesses and consumers alike.

The collaborative effort seeks to address and surmount a variety of structural inefficiencies that currently plague cross-border payments. These challenges include disparate legal, regulatory, and technical standards; varying operating hours and time zones; and the heightened complexity associated with conducting financial integrity checks (such as anti-money laundering and customer verification procedures), which are often redundantly executed across multiple stages of a single transaction due to the involvement of several intermediaries.

As a beacon of experimental and exploratory projects, the BIS Innovation Hub is committed to delivering public goods to the global central banking community through initiatives like Project Agorá. In line with this mission, the BIS will soon issue a call for expressions of interest from private financial institutions eager to contribute to this ground-breaking project. The IIF will facilitate the involvement of private sector participants, extending an invitation to regulated financial institutions representing each of the seven aforementioned currencies to partake in this transformative endeavour.

Source: fintech.globa

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TD Bank inks multi-year strategic partnership with Google Cloud

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TD Bank has inked a multi-year deal with Google Cloud as it looks to streamline the development and deployment of new products and services.

The deal will see the Canadian banking group integrate the vendor’s cloud services into a wider portion of its technology solutions portfolio, a move which TD expects will enable it “to respond quickly to changing customer expectations by rolling out new features, updates, or entirely new financial products at an accelerated pace”.

This marks an expansion of the already established relationship between TD Bank and Google Cloud after the group previously adopted the vendor’s Google Kubernetes Engine (GKE) for TD Securities Automated Trading (TDSAT), the Chicago-based subsidiary of its investment banking unit, TD Securities.

TDSAT uses GKE for process automation and quantitative modelling across fixed income markets, resulting in the development of a “data-driven research platform” capable of processing large research workloads in trading.

Dan Bosman, SVP and CIO of TD Securities, claims the infrastructure has so far supported TDSAT with “compute-intensive quantitative analysis” while expanding the subsidiary’s “trading volumes and portfolio size”.

TD’s new partnership with Google Cloud will see the group attempt to replicate the same level of success across its entire portfolio.

Source: fintechfutures.com

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MAS launches transformative platform to combat money laundering

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The MAS has unveiled Cosmic, an acronym for Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases, a new money laundering platform.

According to Business Times, launched on April 1, Cosmic stands out as the first centralised digital platform dedicated to combating money laundering, terrorism financing, and proliferation financing on a worldwide scale. This move follows the enactment of the Financial Services and Markets (Amendment) Act 2023, which, along with its subsidiary legislation, commenced on the same day to provide a solid legal foundation and safeguards for information sharing among financial institutions (FIs).

Cosmic enables participating FIs to exchange customer information when certain “red flags” indicate potential suspicious activities. The platform’s introduction is a testament to MAS’s commitment to ensuring the integrity of the financial sector, mandating participants to establish stringent policies and operational safeguards to maintain the confidentiality of the shared information. This strategic approach allows for the efficient exchange of intelligence on potential criminal activities while protecting legitimate customers.

Significantly, Cosmic was co-developed by MAS and six leading commercial banks in Singapore—OCBC, UOB, DBS, Citibank, HSBC, and Standard Chartered—which will serve as participant FIs during its initial phase. The initiative emphasizes voluntary information sharing focused on addressing key financial crime risks within the commercial banking sector, such as the misuse of legal persons, trade finance, and proliferation financing.

Loo Siew Yee, assistant managing director for policy, payments, and financial crime at MAS, highlighted that Cosmic enhances the existing collaboration between the industry and law enforcement authorities, fortifying Singapore’s reputation as a well-regulated and trusted financial hub. Similarly, Pua Xiao Wei of Citi Singapore and Loretta Yuen of OCBC have expressed their institutions’ support for Cosmic, noting its potential to ramp up anti-money laundering efforts and its significance as a development in the banking sector’s ability to combat financial crimes efficiently. DBS’ Lam Chee Kin also praised Cosmic as a “game changer,” emphasizing the careful balance between combating financial crime and ensuring legitimate customers’ access to financial services.

Source: fintech.global

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