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Enterprise Ireland Showcases Irish Fintech Edge at Singapore Fintech Festival

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Vlad Poptamas

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Enterprise Ireland(www.irishadvantage.com/fintech), the second largest investor in fintech companies in the world, will showcase the capabilities of Ireland’s fintech sector at the Singapore Fintech Festival, which takes place in Singapore from 11-15 November 2019. Thirteen global leading Irish fintech companies, many with strong links to Singapore, will participate in the event representing a range of fintech capabilities from regtech to biometrics, currency exchange to insurtech.

Irish fintech exports to the Asia Pacific region grew over 200% in 2019. Ireland’s fintech advantage is particularly closely aligned with Singapore’s – both being anchored in friendly business environments that support innovation as well as advanced talent pools that enable those innovations to be realised and taken to market.

Irish fintech companies are establishing a significant footprint in the region through local partnerships and an expanded presence in the region. These include a recently inked deal between award-winning Irish regtech provider Know Your Customer and Singapore global private markets platform CapBridge to deliver fast and reliable client onboarding to investors on its innovative private market platform. Award-winning RegTech provider Know Your Customer will be powering the private investment platform’s seamless and secure digital onboarding process for all investors. This partnership comes after CapBridge received approval from its regulator to extend private equity access to retail investors – further lowering the barriers of private equity investing for Singapore investors as well as broadening the liquidity pool for companies on the global private markets platform.

Additionally, some of the milestones crossed by Singapore Fintech Festival-exhibiting Irish companies in the region indicate a growing demand for Irish fintech solutions.

  • Money transfer service CurrencyFair launched their service to Singaporean-based consumers in June
  • MyComplianceOffice(MCO) opened their Singapore office in September, with the impetus being an expanding business in Asia and Australia
  • TransferMate gained their Singapore license in 2019 and also opened their Singapore office
  • SupTech leader Vizor won a contract with the Monetary Authority of Singapore in 2019 adding to an Asia-Pacific roster which also includes the Monetary Authority of Brunei (AMBD) & Australian Prudential Regulation Authority (APRA).

As a global hub for finance, technology and investor activity, Ireland is a hotbed of fintech innovation, helping the industry respond to challenges and opportunities from the digitisation of banking to new payments models and ever-changing compliance requirements. In 2018, Enterprise Ireland invested in 23 fintech startups and has invested in over 85 fintech startups since 2014. Enterprise Ireland’s portfolio of 200 + financial services and fintech clients generated over 1 billion Euro in revenue annually. Six Irish fintech companies are on the global regtech 100 list including Fenergo who will be part of the Irish delegation at the Singapore Fintech Festival.

Ireland’s national Irish Advantage Stand which is located at 4N17 will also showcase the capabilities of Assure Hedge, ClaimVantage, CurrencyFair, Daon, Ding, Fineos, MyComplianceOffice, Taxback Group, TransferMate and Vizor.

Speaking ahead of Singapore Fintech Festival, Mr. Kevin Ryan, Enterprise Ireland’s Director for ASEAN said: “Ireland and Singapore’s journeys in fintech have numerous similarities – not least the fact that both are small countries with a large impact on the global economy. Ireland is now the fourth-largest exporter of financial services in the EU, with over 250 of the world’s leading financial services firms operating here and nearly half of all global hedge fund assets are serviced in Ireland. It has also become a source of fintech innovation and in particular a centre for regtech and paytech innovation.

We are seeing increased demand for the kinds of services that Irish fintech companies excel at delivering and we hope to see increased partnership between Irish and Asian companies in driving further innovation in the creation and delivery of fintech solutions.”

The Irish delegation will be present at Singapore Fintech Festival (Stand 4N17).

 

SOURCE Enterprise Ireland

Fintech

Overstock.com Welcomes 2020 with Emphasis on Customer Focus and Innovation

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SALT LAKE CITY, Jan. 16, 2020 (GLOBE NEWSWIRE) — Celebrating 20 years as a leader in the e-commerce space, Overstock.com, Inc. (NASDAQ:OSTK) looks forward to an exciting 2020, with a renewed customer focus, application of technological innovations and changes in leadership. As a technology-focused company, Overstock continues to be an industry-leading online retailer and a pioneer in the blockchain space. Through its Overstock.com retail and Medici Ventures blockchain divisions, the Company continues to execute on its mission of improving customers’ lives through the application of emerging technologies to traditional markets. Overstock is focused on improving the customer experience and enabling secure and trusted peer-to-peer commerce. 

“Two decades ago, Overstock was founded with a vision to always improve the way people transact through the innovative application of technology,” said Jonathan Johnson, CEO of Overstock.com, Inc. and president of Medici Ventures. “Two decades later that same forward-thinking attitude continues to prevail. Our teams of talented technologists with innovative minds continue to improve our customers’ experience. And they are advancing global peer-to-peer commerce through the application of blockchain technology. Over the past 20 years, we accomplished a lot. I’m filled with pride by our teams’ work in sourcing, developing, and accelerating technology and efficiencies in our retail and blockchain businesses. We’re focused on making 2020 another great year for Overstock.”

Overstock welcomed changes in leadership during 2019, which reflect its focus on the customer and innovation. These changes included the promotions of Jonathan Johnson to CEO of Overstock.com, Inc. (in addition to his role as President of Medici Ventures), Dave Nielsen to President of Overstock Retail, and Kamelia Aryafar to Executive Vice President and the newest member of the Company’s board of directors (in addition to her role as Chief Algorithms Officer). Medici Ventures also strengthened its leadership, with the promotions of Joel Weight to Chief Operations Officer and Jeremy Smith to Chief Technology Officer. Likewise, tZERO strengthened its team with the addition of a Head of Issuance, Head of Investor Relations, and Head of Communications.

In addition to its offices in Utah, the Company expanded its presence in Europe with the opening of a new state-of-the-art campus in Sligo, Ireland, which has served as a technical hub and EU base.

Club O, the Company’s retail loyalty and rewards program, expanded its member offerings to include two new benefits: free returns and a price match guarantee. These new features significantly enhance the loyalty program’s existing perks, which include free shipping on all items, five percent (or more) rewards on all purchases, access to an exclusive rewards store, and additional rewards in exchange for product reviews. Club O is free to active and veteran military members, students and teachers, and first responders.

Other key milestones over the past year include the addition of new applications in the blockchain space; advances in the customer experience utilizing technologies like machine learning, personalization, and augmented reality; and continued community outreach through partnerships with non-profit organizations.

Medici Ventures, Overstock.com, Inc. Subsidiary and Blockchain Accelerator

2019 was a significant year for Medici Ventures and its keiretsu of blockchain-based companies, as it began to pivot from a building phase to a growth phase in which real products are coming into production. The Medici family continued to utilize blockchain technology to revolutionize traditional industries including identity, land governance, money and banking, capital markets, supply chain, and voting.  Key milestones include the following:

  • tZERO, the global leader in blockchain innovation for capital markets, built the technology and leadership team necessary to support its long-term efforts relating to tokenization services and secondary trading technology. In addition to securing a number of cutting-edge patents related to the intersection of blockchain and capital markets, the company tokenized its preferred equity and launched the trading of these securities on the tZERO ATS, signed agreements with a number of issuers to tokenize their securities, subscribed additional broker-dealers to the tZERO ATS, launched the tZERO Crypto App, filed for one of its wholly-owned subsidiaries to become a retail broker-dealer and advanced its Boston Security Token Exchange (BSTX) joint venture.
     
  • Medici Land Governance (MLG) continued to expand its reach and provide low cost, user friendly land titling and administration systems to government partners across the globe. In 2019, MLG expanded its land governance efforts to St. Kitts and Nevis, Liberia,  Zambia, Mexico, and the United States. By utilizing blockchain and other technologies to secure a public record of land ownership, MLG continues to promote economic development and financial inclusion to both individuals and governments worldwide. MLG looks forward to strengthening and creating new partnerships in 2020 and beyond.
     
  • Bitt, the Barbados-based fintech company, signed a contract with the Eastern Caribbean Central Bank to conduct a blockchain-issued Central Bank Digital Currency (CBDC) pilot within the Eastern Caribbean Currency Union (ECCU) The issuance of a CBDC would facilitate the speed, cost and efficiency of payments, both domestically and cross-border, as well as promote financial inclusion amongst Caribbean citizens. Having successfully completed the project’s inception and elaboration phases, upcoming milestones include preliminary testing and training with pilot project stakeholders, including financial institutions, merchants and consumers, in preparation for the start of the pilot at the end of Q1 2020.
     
  • Voatz made voting safer and more accessible by successfully conducting a number of secure mobile voting pilots backed by blockchain technology for overseas and disabled voters in United States counties such as Utah County, UT; the City & County of Denver, CO; Jackson and Umatilla County, OR; and Pierce County, WA.
     
  • GrainChain executed agreements with stakeholders across the Honduran coffee industry to deliver its blockchain-enabled commerce platform. Immediate benefits with regard to the minimization of risk and improvement of harvesting conditions have already been realized, both of which will encourage further reinvestment. Through coordination with stakeholders throughout the coffee growing lifecycle, GrainChain is for the first time connecting the entire supply chain on a single platform. That agreement came in the same year as the company’s partnership with the Mexican state of Tamaulipas, bringing efficiency, security, and transparency to farmers, storage operators, and buyers of bulk commodities. GrainChain went live with three products: Cmodity, HarvX, and SiloSys, which processed over 1 billion pounds in commodities in Texas in 2019, a strong indicator of what is to come in 2020.

Overstock.com Retail

Under the leadership of the Company’s EVP and Chief Algorithms Officer, Kamelia Aryafar, Overstock continues to implement artificial intelligence (AI) and machine learning (ML) technologies throughout the organization. These technologies are being applied to improve or replace existing systems in all areas of the company, including Website Development, Pricing, Customer Care, Supply Chain, Marketing and Sourcing.

The application of ML and AI has also allowed Overstock to significantly improve the personalization of the customer experience, advancing Overstock’s mission of customer focus. During 2019, Overstock leveraged its proprietary technology LiveRex and Overstock Asset Data Platform (OADP) to introduce personalization technology to its retail site, which enabled a fully dynamic email experience. These initiatives aim to deliver a more engaging and relevant experience throughout every touchpoint of a customer’s journey.

Building on Overstock’s investment over the past three years in augmented reality (AR) and 3D experience, the Company launched the biggest omni-channel AR and 3D customer experience in e-commerce. This launch allowed shoppers to seamlessly view true-to-life size 3D renderings of thousands of products from top-selling categories like furniture, home goods, and décor, and enabled them to see what these products might look like in their own homes with the aid of AR.

Overstock celebrated its 20 year anniversary with its second annual Customer Day on October 6. The 36-hour sale was one of the Company’s strongest events in 2019.

Awards and Recognitions

Overstock was the recipient of a number of awards in 2019, being recognized for achievements spanning from its high-quality customer service to its technological innovation. Notable mentions include:

  • Torchie Award recognition as an industry leader and innovator
  • eTail’s Best in Class Award for Best Mobile App
  • Media Post’s Appy Award for Best Retail App
  • Mobile Star Awards “Superstar” Best Retail Shopping App
  • Loyalty 360’s Top 10 Award for Customer Loyalty Team
  • Two Loyalty360 Awards for Employee Engagement and for Customer Loyalty Strategy
  • Stevie Award in Customer Service and Sales
  • Utah’s Best in State Award for General Merchandising
  • Shatter List recognition for creating and implementing impactful programs and company culture to foster inclusivity from the Women Tech Council

Corporate Giving and Philanthropic Support

Overstock Cares, the Company’s philanthropic program, supported numerous non-profit organizations dedicated to a variety of charitable causes throughout 2019. The program supported the donation of hundreds of products, primarily home goods, to non-profit organizations across the country, in addition to monetary donations to causes including Big Brothers Big Sisters, Operation Underground Railroad, Set for Life LA, and Habitat for Humanity.

Overstock Cares also continues to support its corporate charitable partners Best Friends Animal Society, Special Operations Warrior Foundation, and the American Red Cross by promoting customer donations on its site and check-out page.

About Overstock.com

Overstock.com, Inc Common Shares (NASDAQ:OSTK) / Digital Voting Series A-1 Preferred Stock (Medici Ventures’ tZERO platform:OSTKO) / Series B Preferred (OTCQX:OSTBP) is an online retailer and technology company based in Salt Lake City, Utah. Its leading e-commerce website sells a broad range of new home products at low prices, including furniture, décor, rugs, bedding, home improvement, and more. The online shopping site, which is visited by nearly 40 million customers a month, also features a marketplace providing customers access to millions of products from third-party sellers. Overstock was the first major retailer to accept cryptocurrency in 2014, and in the same year founded Medici Ventures, its wholly-owned subsidiary dedicated to the development and acceleration of blockchain technologies to democratize capital, eliminate middlemen, and re-humanize commerce. Overstock regularly posts information about the Company and other related matters on the Newsroom and Investor Relations pages on its website, Overstock.com.

O, Overstock.com, O.com, Club O, Main Street Revolution, and Worldstock are registered trademarks of Overstock.com, Inc. Other service marks, trademarks and trade names which may be referred to herein are the property of their respective owners.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include all statements other than statements of historical fact. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company’s Form 10-Q for the quarter ended September 30, 2019, which was filed with the SEC on November 12, 2019, and any subsequent filings with the SEC.

SOURCE: Overstock.com, Inc.

Media Contact:
pr@overstock.com

Investor Contact:
ir@overstock.com

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SIGEF Brings Inclusion to Davos and a Supportive Vision for a Smarter Future for the World

Vlad Poptamas

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SIGEF by Horyou: 22nd of January at Kirchner Museum in Davos

 

Sharing the same concerns and goals with the leaders of the global economy who will be gathering in Davos to pave the way “for a Cohesive and Sustainable World,” SIGEF by Horyou has opted to showcase its own commitment to sustainability through the organization of a side-event to offer a complementary and supportive inclusive vision for a better world.

Building on its “Together Shaping a Smarter Future” theme, SIGEF will add social innovation and global ethics to the Davos gathering. The event will take place on the morning of the 22nd of January at the Kirchner Museum. It will kick off with a networking breakfast. Four panels will make the program of the event. They will tackle some of the most challenging issues that the global economy is faced with.

Disruptive Technologies, the Future of Finance, the UN Sustainable Development Goals and Women Empowerment are the topics to be debated. “SIGEF has always been tackling the most important global issues and we are thrilled to initiate high-level discussions around them before Davos’ qualified audience. In the wake of this new technological age, we aim to contribute to the building of a smarter future for the world as we are bringing together, in their diversity, some of the actors who are leading the positive changes we want to see,” says Yonathan Parienti, founder and CEO of Horyou, organizer of SIGEF.

Some of the confirmed SIGEF Speakers include: Ms Karen Wilson, OECD Strategic Partnerships, Ms Katja Iversen, President of Women Deliver, Mr Charles Bendotti, Senior Vice President People & Culture Philip Morris International, Mr Jérôme Perez, Global Head of Sustainability Nespresso, Ms Ann Cairns, Executive Vice Chairman Mastercard, Ms Christine Spite, Tech entrepreneur and WWF Advisor, Dr. Nikolaus S. Lang, Managing Director and Senior Partner at Boston Consulting Group, Mr Xiaochen Zhang, President of FinTech4Good, Mr Adi Mimran, Venture Partner Cyrus AI, Dr Tomabechi, Innovator and Tech entrepreneur, Ms Vera Futorjanski, Innovation Expert and Advisor, Mr Vincent Subilia, Director General, Geneva Chamber of Commerce & Member of the Geneva Parliament, Anna Kletsidou, Head of Social Sustainability & Human Rights at Philip Morris International.

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Ziyen Energy Chairman, David Greenberg, and CEO, Alastair Caithness interviewed on leading Blockchain and Fintech Podcast, Mapable USA, to discuss the new ZYEN Energy Tokenization and Trading Platform

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SAN DIEGO, Jan. 15, 2020 (GLOBE NEWSWIRE) — David Greenberg, Chairman, and Alastair Caithness, CEO, are interviewed by Mapable USA, a leading podcast that provides insight and commentary on the latest developments in the blockchain space.

In this podcast David Greenberg discusses the transition from open outcry trading to electronic trading. He provides insight into how this transition happened, and why he believes the tokenization of energy assets on the blockchain is the next evolution of the energy market.

Listen to the podcast by Mapable USA Here

David Greenberg, Chairman, states:

“The problems with energy producing assets is the difficulty to buy and sell fractional interests. Non-industry investors have limited access to these investments and holders of non-controlling interests have limited liquidity opportunities prior to the sale of the entire asset.

Our new ZYEN Energy Trading Platform operating on the blockchain will address all of these  problems through tokenization creating fractional energy assets ownership for the average person for the first time in history.”

Alastair Caithness, CEO, adds:

“Our ZYEN Platform isn’t just about tokenization of oil and gas, but our focus is on energy transition, with our first Solar Token and Wind Token targeted for creation by Q3 of 2020.  The blockchain is the catalyst in providing a transformation of the global energy sector from fossil-based to zero-carbon before the second half of this century.”

Learn more about Ziyen Energy and ZiyenCoin by visiting www.ziyen.com for more information.

About Ziyen Energy:
Ziyen Energy is a technology-driven energy company incorporated in the State of Wyoming, U.S.A. in April 2016. Originally formed as a software company providing information on the oil, gas, power and energy sectors, Ziyen specializes on business information, contracts, news and information by developing cutting edge procurement and supply chain software to provide clients with intelligence on industry specific government and private contracts. In addition, Ziyen Energy currently owns interests in oil assets based in Texas and the Illinois Basin, which covers Illinois, Indiana and Kentucky. The equity of Ziyen Energy has been tokenized and issued as ZiyenCoin which is offered for sale as a Security Token pursuant to SEC Rule 506(c) of Regulation D.

Forward Looking Statements:

Certain statements in this press release including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing, performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC- specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the company on the date of this press release. Ziyen Inc. assumes no obligation to update the information in this press release.

Contact:
Alastair Caithness
Media Relations
mediarelations@ziyen.com

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