Today the Commission adopted a Cohesion Policy project worth more than 573 million of EU funds to support the deployment of fast broadband in Italy.
The EU funding, covering 60% of the project’s eligible costs, will help bring fast internet access to areas where it is currently not available.More than Italian 7000 municipalities will be covered, totalling 12.5 million inhabitants and almost 1 million companies.
Corina Creţu, Commissioner for Regional Policy said: “This EU-funded broadband project, which covers 20% of the Italian population, means unprecedented business opportunities, better public services and better quality of life for the Italian people. It shows what the EU is really about: working to improve everyday life for citizens, very concretely.”
Mariya Gabriel, Commissioner for Digital Economy and Society, said: “A high quality broadband infrastructure is essential in today’s economy and society. Citizens will benefit fully from the Digital Single Market once they have unrestricted access to the best performing networks, which enable the widespread access to new products, services and applications. Such projects lay the foundations for an inclusive and competitive digital Europe.”
The project is part of the “Italian Digital Plan – Ultra-broadband”, the national strategy for Next Generation Access network. It aims to ensure connection speeds of at least 100 megabits per second (Mbps) for 85% of Italian households and all public buildings – in particular schools and hospitals – and of at least 30 Mbps for all by 2020.
The project will in particular cover so-called “white areas”, where market forces cannot deliver the necessary infrastructure upgrade, in all 20 Italian regions. The project should be completed end of 2020.
Italy is the second largest recipient of the European Structural Investment Funds, including Cohesion Policy funds, with €44.7 billion earmarked for 2014-2020. €1.9 billion is dedicated to investments in broadband and digital services.
The country is also the second largest beneficiary of the Investment Plan for Europe – the Juncker Plan – in absolute terms, with already €63.3 billion mobilised in additional investment and over 286,000 small and medium businesses set to benefit from improved access to finance.
For the next long-term EU budget, the Commission is proposing €43.5 billion for Italy in Cohesion Policy funds, an envelope increased by €8.5 billion euros, in the context of an overall reduction of the Cohesion budget, in order to support a lasting economic recovery in the country.
Labuan IBFC’s Financial Services Community Band Together to Contribute to the Relief Efforts in Combating COVID-19
Labuan International Business and Financial Centre, Labuan IBFC’s financial services and intermediation community have come together to assist local authorities in relief efforts via the pooling of resources.
Labuan IBFC’s Cross-Industry Group comprising of all the industry associations representing licensed entities in the jurisdiction has led the formation of a pool fund, focused on providing relief to frontliners and those less fortunate in Labuan.
This Cross-Industry Group consists of Labuan Financial Services Authority, Labuan International Insurance Association, Association of Labuan Banks, Association of Labuan Trust Companies, Labuan Investment Banking Group and the Labuan Fintech Association.
The Labuan IBFC Community is deeply concerned about the growing scale of the COVID-19 pandemic and its social and economic impact, particularly on Labuan island. Specifically, this resource pool will fund towards the purchase and distribution of personal protective equipment for hospital staff, healthcare providers, and other frontline service personnel on the island.
Relief, in the form of household necessities, will also be provided to those in the B40 income group and to daily wage earners who are impacted by the situation, as well as schools and small businesses.
The above effort is testament of the commitment and empathy of the Labuan IBFC community towards the people of Labuan island, by providing whatever assistance it can to relieve hardships under the current situation.
SOURCE Labuan IBFC
Demand Wealth Launches the Nation’s First Investment Platform Designed to Align Financial Goals and Personal Values
Demand Wealth received an undisclosed seven figure investment from FinTech Private Equity firm Niche Investment Partners LLC. providing investors with an alternative to broad or often misleading investment portfolios*, the Demand Wealth platform promotes transparency and respect for every American’s voice; allowing clients to invest according to their political, religious, and ethical convictions along with specialized portfolios designed for specific life stages (e.g. newlyweds, divorce or family death).
Demand Wealth is a first-of-its-kind platform created to provide investors frictionless access to ultra -niche investment portfolios and a free or paid set of full-service financial planning tools; providing ethical and situational peace-of-mind.
Investing in companies with shared values is one of the most underutilized tools for change held by the public. Demand Wealth reminds clients that powerful corporations are built on the investments of average Americans. Investing money in places you believe deserve your support reflects the backbone that America has at her core.
“Our goal is to help everyday Americans put the power of their wallet to use by investing according to their conscience” says Brandon Mink, President at Demand Wealth. “We know how important it is to put each individual’s hard-earned money onto the balance sheets of companies they believe in, to not only see significant portfolio returns, but know that those returns will come from companies they can be proud of.”
The company was created with several goals in mind, including:
- To manage money as effectively as any traditional investment firm, while helping clients keep more of their portfolio return. Demand Wealth keeps costs at a fraction of their competitors’, while providing comprehensive personal services expected anywhere else; by embracing the digital, paperless world and utilizing the most up to date security and privacy protocol.
- To provide personalized portfolios that allow our clients to align their capital with their values for varying risk profiles and stages of life.
- Most importantly, to inform Americans that the money in their retirement plan (e.g. 401k) seldomly aligns with their beliefs, even when invested with a like-minded advisor*. Demand Wealth remains transparent with where your money is going and provides a more impactful and personalized portfolio than what is currently available at any other investment firm today.
“Clients are demanding more from their wealth managers. They want greater customization of their portfolio without compromising the service they have become accustomed to at larger traditional firms”, says Wade Ellison, Chief Operating Officer at Demand Wealth.
SOURCE Demand Wealth
Carver Edison Announces Expansion of Leadership Team, Gregory Barton Joins as Chief Operating Officer and General Counsel
Carver Edison, a New York City-based financial technology company that helps provide financial opportunity to public company employees through its patented technology, has announced the addition of Gregory Barton to the company’s executive leadership team. Barton most recently served as Chief Legal Officer, and before that as Chief Operating Officer, of Wisdom Tree Investments, Inc. a leading ETF sponsor with $50 billion of assets under management.
With more than two decades of experience in executive positions for founder-led public companies in the technology, asset management and digital media industries, Barton will serve in a key leadership capacity as Carver Edison expands to meet growing client demand.
“Greg is joining our leadership team at an important moment for our company,” said Aaron Shapiro, founder of Carver Edison. “As we continue to grow, his deep operational, legal and public company board expertise will help us serve our clients and expand our reach. We’re excited to have Greg join the team.”
“Cashless Participation™ solves for major shortfalls in Employee Stock Purchase Plans and I am thrilled to bring my experience in multiple C-suite roles to the team,” said Barton. “The company has received significant backing from notable financial technology entrepreneurs and investors, which is a testament to the executive team’s vision and focus. I look forward to helping Carver Edison continue to execute on its mission.”
Among his roles prior to joining Wisdom Tree Investments in 2012, Barton served as Executive Vice President of Business and Legal Affairs, General Counsel and Secretary of TheStreet, Inc., co-founded by Jim Cramer. He is a graduate of Harvard Law School (magna cum laude) and the Claremont McKenna College (summa cum laude).
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