Fintech PR
Qohash launches its first commercial data security solution, aimed at protecting financial institutions
Qohash today announces the launch of its first data security solution to help financial institutions protect their sensitive data. With a focus on performance, the solution provides lightning-fast and accurate sensitive data classification along with support for data risk management and compliance. With the launch of this new solution, the company aims to significantly reduce the threat of insider breaches for financial institutions.
LEARN MORE ABOUT QOHASH HERE
The Quebec-based company delivers a hybrid-SaaS solution designed to find and risk-manage sensitive data at scale. It features a web-based dashboard for configuration and reporting and on-premises components for analysis. By using Qohash, customers are able to scan sensitive data while keeping it under their constant control.
The platform runs a number of data sources, including cloud, shared drives, devices, and proxies, meaning thousands of file types are supported, and new connectivity is added with each update. Pilot deployments of Qohash’s solution are now available for financial institutions located in the USA and Canada, with the company focusing on making the solution completely available in Montreal, Toronto and New York.
Qohash has grown rapidly since its creation in January 2018 and continues to attract world-class data security and product talent with its mission to significantly reduce the threat of insider breaches. While the data discovery solutions market may be competitive, Qohash has been listening closely to its customers since the founders started shaping the company’s idea over two years ago. Today, Qohash bets on the superior performance of its solution and narrow focus on the financial sector to attract customers looking for better sensitive data management alternatives.
Data breaches continue to take place all over the world. During the third quarter of 2019, a Risk-Based Security report showed that data breaches went up by 33.3% over 2018. In fact, finance is being hit especially hard: the Boston Consulting Group found that cyberattacks hit financial services firms 300 times more than other companies.
Qohash helps financial institutions not be part of these statistics. Its arrival to the fintech and security market represents a big step forward for banks, insurance companies, wealth management firms, and other financial services providers looking for high-performance and scalable ways to protect against one of the most dangerous threats: insider breaches.
“Risk management professionals want to know exactly where their sensitive data is at all times, who has access to it, and how to reduce the risks associated with insider breaches,” said Jean Le Bouthillier, CEO at Qohash. “Customers have had enough of lethargic classification engines that won’t scale and are too complex to manage. We provide purpose-built, lightning-fast and accurate solutions that get the job done,” he added.
Qohash benefits from solid governmental support from both the Province of Quebec and the Government of Canada who recognize that innovation and vigilance in cybersecurity are crucial in today’s climate. Beyond the high-performance solution, the company sets its differentiating point with a team that has extensive knowledge of cybersecurity, data protection and product development.
SOURCE Qohash
Fintech PR
Sleep interiors brand gets job offer from Peter Jones despite not securing investment in Dragons Den
LONDON, March 29, 2024 /PRNewswire/ — Tonight on BBC1, REMY founder Abeer Iqbal, entered the Den, and despite intense grilling and no investment, left with a six-figure job offer from Peter Jones.
Abeer’s pitch began with the Dragon’s keen to experience his sleep-enhancing furniture. When Steven and Peter laid on his hero ‘The Pod’, a reinvention of the beanbag, and under REMY’s best-selling ‘The Lounger’ weighted blankets, the dragons closed their eyes and pretended to snore. Which was ironic, as despite being told he’d enter the Den around 5pm, Abeer actually went in at 9.30pm, after the dragons had been receiving pitches since early that day, which to Abeer’s own admission “wasn’t easy”. Deborah Meaden said, “This might have been a fatal mistake to put your dragons to sleep before we start the pitch” – recognising that it had been a long day.
After 10+ years working in tech, helping multi-million pound businesses grow their empire at software giants like Shopify, Abeer experienced burn-out, which led him to develop REMY. Despite Abeer telling the dragons that he left the high-pressure industry due to stress and anxiety Peter Jones still offered him a job back in the rat race with a six-figure sum (which he still hasn’t taken).
After leaving the Den, Abeer admitted feeling the “most anxious ever” and that he “just wanted to get back to his wife for a hug”. Abeer shared, “I didn’t sleep for days, replaying every moment in my mind. I wanted to forget it.” But it’s not all bad, as Abeer explains, “the anxiety I experienced from the Den gave me a lightbulb moment and led me to create our most popular product yet – The Hugger Pillow. I needed a hug, so I created one”.
Abeer continues, “I returned the next day to collect my items from the studio. I bumped into a fresh-faced Peter and Toukar in the carpark, they both praised my experience, Peter once again offered me a job and Toukar asked me to call him when I start the next business.”
The global ‘sleep economy’ is booming, projected to reach a record high of $585 billion this year. But Abeer felt he was unable to communicate this, “If I could have my time again, I would focus on the industry of Rest and Sleep rather than the specific products we were trying to innovate. I don’t think I articulated to the Dragon’s the size of the business opportunity that there is with REMY. In terms of what’s next, we are moving towards becoming a household name in rest and sleep but offering products in multiple categories.”
The Dragon that seemed to understand Abeer’s passion for this industry was Sara Davies, saying “I actually fundamentally don’t agree with what I’ve heard here. What I see in front of me, yes he is great at the e-commerce side of things but he gave up a career in corporate because he was passionate about this area. And if there’s one thing I know about business it’s that you will succeed when you pursue the thing you are passionate about. I wouldn’t discourage you to give up. Keep doing it and good luck. I think you could sell anything”.
You can watch Abeer Iqbal on Dragons’ Den on BBC iPlayer.
Photo – https://mma.prnewswire.com/media/2374872/REMY_Sleep_1.jpg
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Fintech PR
Bitrue Coin (BTR) Analyzes User Behavior and Announces Upcoming Developments to Enhance Utility
SINGAPORE, March 29, 2024 /PRNewswire/ — Bitrue, a leading cryptocurrency exchange serving over 10 million users globally, announces a focus on user behavior analysis to further develop the utility of its native token, Bitrue Coin (BTR).
“Understanding how our users interact with BTR is crucial for its continued growth,” states Robert Quartly-Janeiro, Chief Strategy Officer of Bitrue. “This analysis will guide upcoming developments that enhance the value proposition of BTR within the Bitrue ecosystem.”
The announcement follows a recent surge in interest surrounding exchange tokens, and digital assets used to pay for services to unlock benefits within specific cryptocurrency exchanges. Currently, BTR offers a compelling range of benefits to Bitrue users, including:
- Reduced Trading Fees: BTR holders enjoy lower trading fees on the Bitrue exchange, incentivizing active participation in the platform’s marketplace.
- Governance Voting Rights: BTR grants voting rights on select new listings, allowing users to influence the direction of the Bitrue platform.
- Staking Opportunities: BTR holders can stake their tokens to earn passive rewards, providing an additional avenue for generating income within the Bitrue ecosystem.
- Exclusive Airdrop Potential: BTR holders may be eligible for airdrops of new tokens listed on the Bitrue exchange, offering the chance to discover promising crypto projects early.
- VIP Investment Caps: BTR unlocks higher investment caps for certain cryptocurrencies on the Bitrue platform, catering to high-volume investors.
“BTR already plays a multifaceted role in the Bitrue experience,” Quarterly-Janeiro continues. “By strategically expanding its utility based on user behavior analysis, we aim to solidify BTR’s position within the exchange token market and elevate its value proposition for our user base.”
The specific developments based on user behavior analysis are not disclosed at this time. However, Bitrue assures its users of continued transparency and will share details in due course.
Media Contact: Lily Ho, [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/bitrue-coin-btr-analyzes-user-behavior-and-announces-upcoming-developments-to-enhance-utility-302103427.html
Fintech PR
Affordability, customisation and convenience: Term plans from India become more attractive and accessible for NRIs
Term insurance from India emerges as preferred choice for NRIs seeking affordability and convenience
DUBAI, UAE, March 29, 2024 /PRNewswire/ — Policybazaar, India’s leading online insurance marketplace, is witnessing a significant increase in non-resident Indians (NRIs) choosing term insurance from India via its platform. This surge is driven by the unparalleled ease, affordability and accessibility offered by the Indian insurance market. While several factors contribute to the growing interest in term insurance in India, affordability and convenience stand out as primary reasons. The demand among the 18-60 age group has seen an impressive 130% year-on-year growth, with India emerging as the preferred choice for NRIs.
The surge in demand from NRIs can be credited to several standout features and benefits. Term policies from India cost up to 30-50% less for NRIs residing in the UAE and Singapore. Additionally, policies with coverage of up to INR 5 crores can be easily obtained with tele-medical check-ups from India, eliminating the need for physical visits. Unlike some countries with restricted policy terms and coverage, Indian term plans offer coverage for longer duration, extending up to 99 years.
Sarbvir Singh, Joint Group CEO, Policybazaar, states, “We are witnessing exponential growth in term insurance purchases from NRIs, particularly from the Gulf nations and Singapore. Policybazaar has focused its efforts on expanding term insurance protection in both Indian and overseas markets. The unmatched benefits offered by India, including competitive pricing, larger covers, and streamlined processing through video/tele medicals, are significant contributors to this demand. It is heartening to see NRIs realizing the importance of securing their dependents’ future and choosing Indian term insurance policies.”
Term Insurance for a 35 year old male, non-smoker |
||
Country |
India |
UAE |
Cover Amount |
INR 2 Cr / AED 881 K |
AED 900 K |
Max Cover Upto |
99 years |
80 years |
Premium in AED |
AED 977.8 |
AED 1,539 |
Premium in INR |
INR 22,193.00 |
INR 34,892.00 |
Free Add-ons |
Early Payout on Terminal Illness + Waiver of Premium |
– |
Price Benefit |
– |
36% cheaper in India |
Source: Policybazaar.com |
NRIs are also eligible for 18% GST exemption* upon purchasing term insurance plans from India, when paying via their NRE accounts. This attractive pricing, along with the availability of longer-term plans, has led to a rise in demand among NRIs, especially from Gulf nations, where 65% of term insurance buyers hail from, with the UAE alone contributing 35%.
Rhishabh Garg, Head of Term Insurance at Policybazaar, adds, “The evolution in the Indian term insurance industry is marked by innovative offerings designed to meet the distinct needs of consumers overseas. The consumer-centric features in term plans from India are increasingly appealing to NRIs, which include return of premium at no extra cost, early pay-outs for terminal illness, premium waivers for permanent disability, and immediate pay-out of up to INR 2 lakhs on claim intimation for immediate obituary expenses.”
The accessibility of these plans is further enhanced through seamless processing for NRIs, whose average annual income exceeds INR 35 lakhs. Insurers now also offer a sum assured of up to 5 crores, ensuring adequate coverage based on Human Life Value (HLV) calculations. NRIs can also leverage Policybazaar’s search and comparison engine to browse the best suitable plans as per their needs and preferences.
With a commitment to providing comprehensive coverage and protection, Policybazaar continues to redefine the landscape of term insurance for NRIs, empowering them to secure their loved one’s future with peace of mind. As NRIs continue to seek comprehensive coverage and value-driven solutions, Policybazaar remains dedicated to delivering innovative term insurance products and services tailored to their evolving needs.
*Tax benefits are subject to change in tax laws
About Policybazaar.com
Policybazaar.com is one of India’s largest insurance marketplace. It is the flagship platform of PB Fintech, which owns the fintech brand, Paisabazaar.com, and lending & insurance marketplace in the UAE region, Policybazaar.ae. Policybazaar.com started with the purpose to educate people on insurance products and with its offerings has addressed the large and highly underpenetrated online insurance markets.
Logo: https://mma.prnewswire.com/media/2375092/Policybazaar_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/affordability-customisation-and-convenience-term-plans-from-india-become-more-attractive-and-accessible-for-nris-302103411.html
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