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MEDSiS Announces the Launch of “Maxwell” Stablecoin in Brazil, Making it the Second Country and Currency Added to Their Global Ecosystem Within Two Weeks

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In the same week that MEDSiS announced the official advancement of their Maxwell stablecoin in Argentina with their partner WTIA, a second country now officially comes on board toward their global strategy.  With current contracts in Brazil that include more than 10 million individuals immediately, and with plans to incorporate Maxwell as the backing of future contracts into South America’s largest country, Maxwell now adds a second currency to its portfolio and secures itself as one of the largest cryptocurrencies ever launched. In addition, MEDSiS has plans to announce a US partnership, as well as three more countries in Central and South America.

“We’ve been fortunate to have a team and partnerships in Brazil that have weathered the storm and the delays that it’s taken us to get to this point. Our partners in CLASP have been amazing, and it’s finally time that we’ll be able to fully honor the commitments that have been long standing.”
–  Dax Cabrera, CEO of MEDSiS

Though Brazil has not fully endorsed cryptocurrency as an investment mechanism, what Maxwell is bringing to its customers is quite different than the conventional “cryptocurrency”.  Using a stablecoin model, Maxwell will be an added value to the Brazilian customers in which they will automatically be able to participate and take part in a regulated and secured portal to the global economy.

MEDSiS’ Brazil contracts are based on large-scale payment programs, tied to pre-paid payment cards branded by Visa or Mastercard for benefits and other types of government or individual spending. The inclusion of Maxwell provides stability and one issued coin to every customer that registers and begins using the payments platform.  The integration with the multi-currency payments platform, provided by Rijndlepay, is the engine to which the payments can be processed, and the fiat and blockchain based currencies create a regulated ecosystem which will provide consumers with trust and additional incentives to use the program.

“Rijndlpay’s vision is to enable real-time transactions and settlement between all the stakeholders of any payment ecosystem with any currency, be it fiat or crypto or cross border remittances. The platform can scale to about 15,000 transactions per second. We have developed on hybrid technology that can scale to any model that customers and compliance demands of each country.”
–  States Mitish Chitnavis, architect and CEO of Rijndlepay

As one of the newest Unicorn companies in the FinTech space, MEDSiS’ investments will bring their current contracts to date and be able to provide new jobs, new sources of revenue, and stability in the payments platform.

“The MEDSiS platform will usher in a new era of business management and intelligence for our largest Brazilian customer, CLASP,” says MEDSiS co-founder and chairman of the board, Patrick Mulcahy. “Our platform paves a technological highway to access the most advanced business intelligence and security available today and in the future.  And by building it into the financial platform framework of our contracts, we expect our ecosystem will set a new standard for the payments industry.”

In a time of economic uncertainty, MEDSiS and the Maxwell stablecoin currency are stepping up in at least two major markets to be the first wide-scale blockchain currency applied to both public and private contracts.  MEDSiS is currently partnered with CiaGroup in Brazil for card issuance, and is expanding their partnerships to include and absorb other licensed financial entities, setting a new, highly regulated and secure model for the rest of the Americas.

 

SOURCE MEDSiS International

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i-exceed’s Appzillon Powers Canara Bank’s Omni-Channel Consumer Banking – A Comprehensive Solution for Cutting-Edge Mobile and Internet Banking Experiences

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i-exceed’s Appzillon Powers Canara Bank’s Omni-Channel Consumer Banking – A Comprehensive Solution for Cutting-Edge Mobile and Internet Banking Experiences

 

For some time now, Canara Bank, one of the leading public sector banks in India has been working with i-exceed for a successful digital transformation.

The bank started its digital transformation journey in 2017 by launching CANDI – India’s first truly digital banking branch that offers various banking services to the customers including instant digital on-boarding.

The next phase of digital transformation took place in the form of Omni-Channel Consumer Banking. Here, the bank wanted to provide a consistent user experience to its customers across all mobile and Internet channels.

i-exceed’s Appzillon Omni-Channel Consumer Banking proved to be the right fit for Canara Bank’s requirements because of its capabilities to function as a stand-alone system and also perfectly integrate with existing legacy systems. Customers can now use common credentials and access a unified beneficiary database, limits, etc. across different solutions offered by the bank. i-exceed’s offering also ensured quick time to market of all the project deliverables in an agile manner.

Omni-Channel Consumer Banking has been built using Appzillon Digital Experience Platform. A unique differentiator of the platform is its micro-app based architecture. It enables app developers to combine as well as customise micro apps from Appzillon Digital Repository to build complex apps much faster than other platforms in the market. Apps developed using Appzillon follow a ‘code once deploy anywhere’ approach that significantly reduces development and deployment effort for a wide range of environments (operating systems, browsers, and device form factors). The scalable architecture of the platform played an integral role in the app’s success as it could swiftly adapt to the large volumes of transactions taking place on Canara Bank’s Internet banking channel.

Recently, leading global FinTech-focused analyst firm IBS Intelligence recognized i-exceed at the Global FinTech Innovation Awards for ‘Most Innovative Digital Banking Implementation’ at Canara Bank.

S Sundararajan, Executive Director at i-exceed commented, “We are proud to be associated with Canara Bank for almost three years in their digital transformation endeavours. We are very excited to partner with them on their multiple digital initiatives as they become a digital-first bank. We wish Canara Bank all the best in their initiatives and look forward to our continued engagement as there is a tremendous opportunity to bring more customers to perform all their transactions digitally.”

SOURCE i-exceed technology solutions

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Ping An Completes First Venture Investment in India to Enhance Auto Services Ecosystem

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Ping An Insurance (Group) of Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEx:2318; SSE:601318) announced that Ping An Global Voyager Fund, its overseas investment arm, has led a US$70 million Series D in Indian auto technology company CarDekho, alongside Sequoia Capital and Hillhouse Capital. This is Ping An’s first venture investment in India.

CarDekho Group, founded in 2008, is one of India’s leading autotech companies. It has successfully digitized the auto ecosystem in India and is aggressively pursuing the vision to own the personal mobility space by helping customers across their entire car buying and ownership journey. CarDekho Group currently has operations in IndiaIndonesia and Philippines and operate leading Indian auto sites such as CarDekho.com, Gaadi.com, ZigWheels.com, BikeDekho.com, InsuranceDekho.com and PowerDrift.com.

Based in ChinaPing An is one of the world’s largest financial services companies. Ping An has been investing heavily in technology and building five ecosystems covering financial services, health care, auto services, real estate services, and smart city services. The Group is the majority shareholder of China’s largest auto portal Autohome (NYSE: ATHM).

“Auto services are a core component of Ping An’s ‘finance + ecosystem’ strategy, reflected in our majority shareholding in Autohome in China. We have been extremely impressed with the business CarDekho has built in India, particularly its success in developing different types of financial services offerings to address car buyers’ needs,” said Donald Lacey, Managing Director and COO of the Ping An Global Voyager Fund. “The Global Voyager Fund’s stake in CarDekho represents Ping An’s first venture investment in India, and we are delighted to partner with an organization of CarDekho’s caliber.”

“It’s a matter of great pride for us at CarDekho that Ping An is choosing us as their first Indian investment. As a leading full stack autotech company in India, we at CarDekho are committed to help consumers throughout their car buying journey. Our unique auto ecosystem provides us a competitive edge in reaching out to consumers and engage with them through our various transaction models at one platform. With the latest fundraise, we will continue to strengthen our domestic and international businesses and will aggressively work towards becoming the largest personal mobility player in the country,” said Mr Amit Jain, CEO and Co-Founder, CarDekho Group.

 

SOURCE Ping An Insurance Group Ltd.

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Broadridge Announces Pricing of $750 Million Senior Notes

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Broadridge Financial Solutions, Inc. (NYSE: BR) (“Broadridge”) today announced that it has priced $750 million aggregate principal amount of 2.900% senior notes due 2029 (the “Notes”) in an offering registered under the Securities Act of 1933, as amended.  Broadridge intends to use the net proceeds of this offering to repay the outstanding indebtedness under its revolving credit facility and for general corporate purposes.

J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., BNP Paribas Securities Corp., TD Securities (USA) LLC. and U.S. Bancorp Investments, Inc. are acting as the joint book-running managers for the offering.

The Notes are being offered pursuant to an effective registration statement only by means of a prospectus and related preliminary prospectus supplement, copies of which may be obtained from: J.P. Morgan Securities LLC collect at 212-834-4533, BofA Securities, Inc. toll-free at 800-294-1322, Morgan Stanley & Co. LLC toll-free at 866-718-1649 and Wells Fargo Securities, LLC toll-free at 800-645-3751.

You may also visit www.sec.gov to obtain an electronic copy of the prospectus and related preliminary prospectus supplement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

 

SOURCE Broadridge Financial Solutions, Inc.

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