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Bumper Announces Plans to Protect Asset Portfolios Against Market Dips

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Tallinn, Estonia–(Newsfile Corp. – December 14, 2021) – Bumper has announced the upcoming launch of their innovative price protection protocol that seeks to allay fears of inherent volatility in the crypto market by allowing users to protect the price of their assets while letting them remain viable in on-chain DeFi economies. It allows users a chance to hedge against risk in their portfolio without having to liquidate the underlying asset or leave it on an order book, increasing the capital efficiency and market maturity in the DeFi space.

Bumper hopes its protocol will usher in an era of underwritten DeFi financial products that are fully on-chain and collateralized by the crypto community as a whole. Users paying a small premium will lock in a price floor for that asset which will be sent to the protocol, and the user is then furnished with a ‘bumpered’ asset. This asset, the first offered being bETH, is fully composable and can be put to work in the wider ERC-20 ecosystem. This means that users who choose to bump their assets can keep them decentralised, keep earning yield, and remain capital efficient while guarding against portfolio loss should the worst occur.

To build out the DAO functionality of the community and leverage the blockchain to produce a community-driven asset, Bumper has also partnered with milestoneBased, to use their tools to help $BUMP token holders have their say in the direction of the protocol.

$BUMP must be staked in order to take out protection for an asset, and must also be staked in order to gain yield from staked $USDC that is used to capitalise this protection. Bumper aims to bring both makers and takers of protection into its community and achieve its goal of keeping assets protected, on-chain, and yield-bearing.

Price protection is novel in the DeFi space, and Bumper has stolen a march on the competition by being one of the first price protection protocols to announce its intentions. After the public sale, trading will begin on the token, and the DeFi community can have its say on where it values Bumper’s approach to reducing volatility in the crypto space, and its ability to forge a community of underwriters that can hedge risk for institutions and individuals and breathe new confidence into the crypto market – in spite of the headwinds ahead.

Media Contact:
Jason Suttie
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107615

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Precisely Showcases Critical Role of Trusted Data in AI at the Gartner® Data & Analytics Summit in London

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Data integrity leader collaborates with Generali Real Estate and host of industry experts to help companies fuel initiatives with AI-ready data

BURLINGTON, Mass., May 13, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced it is a Premier sponsor at the upcoming 2024 Gartner® Data & Analytics Summit in London, U.K. Precisely will present alongside Generali Real Estate, one of the world’s leading real estate asset managers, on how companies can ensure AI success with accurate, consistent, and contextual data.

The Precisely team of experts will be available at booth #217 throughout the event sharing the latest innovations in data integrity and providing bespoke guidance on how to build trust in data for successful advanced analytics and AI initiatives. They will be joined at the booth by renowned thought leaders, offering attendees a unique opportunity to get personalized advice from some of the industry’s most notable voices.

Speaking Session:

Three Crucial Considerations for AI-Ready Data and AI Success with Generali

AI can elevate businesses to the next level of data intelligence, but to enable successful and trusted outcomes, companies need to make sure their data is AI-ready. In this session Precisely and Generali Real Estate will share real-world successes and the three critical factors organizations must address to ensure that data minimizes AI bias and hallucination while producing nuanced, coherent, and contextually relevant responses.

Speakers:

  • Tendü Yoğurtçu, PhD, CTO, Precisely
  • Costanza Balboni Cestelli, Head of Data Intelligence and Innovation, Generali Real Estate

Don’t miss the presentation taking place in Docklands B at 11am BST on May 14.

Ask the Experts:

Attendees can visit booth #217 during the event networking sessions to access valuable advice from well-known industry specialists.

Ask the Analyst: Sanjeev Mohan, SanjMo

Independent industry analyst and former Gartner VP analyst, Sanjeev Mohan is an established thought leader in the areas of cloud, big data, and analytics. Sanjeev will be available at the Precisely booth between 6.15pm7.15pm on May 13.

Your Questions Answered: Nicola Askham, The Data Governance Coach

Recognized industry wide as a trusted voice on data governance, Nicola Askham will be available to offer practical advice on how to establish a strong data governance framework and proactively find, understand, and manage data for more powerful business outcomes. Join Nicola at the Precisely booth between 6pm7pm on May 14.

Analytics and BI Bake-off Extension:

The Precisely team will also take part in the Gartner Analytics & BI Bake-off extension demo, having been invited to showcase the role of AI in addressing the impacts of poverty. Using Precisely data integrity solutions, the team examined how AI fueled with accurate, consistent, and contextual data can be leveraged to reduce unemployment and provide more equitable access to education. 

Watch the demo to see how a data-centric approach that includes data ingestion and quality assessment, data enrichment, spatial analytics, and data governance can be an effective force for good.

Precisely will be at booth #217 during the 2024 Gartner® Data & Analytics Summit taking place May 13 – 15 in London, U.K. Learn more about how data integrity can make an impact on your next data and analytics or AI initiative or schedule your personalized demo.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About the 2024 Gartner® Data & Analytics Summit

Gartner analysts will provide additional analysis on data and analytics trends at the Gartner Data & Analytics Summits, taking place March 11-13 in Orlando, FL., March 26-27 in São Paulo, April 24-25 in Mumbai, May 13-15 in London May 21-23 in Tokyo, and July 29-30 in Sydney. Follow news and updates from the conferences on X using #GartnerDA.

About Precisely
Precisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.

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Citycon outsources its finance activities related to Nordic Accounting and Lease Administration

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CITYCON OYJ Corporate Press Release 13 May 2024 at 10:00 hrs

HELSINKI, May 13, 2024 /PRNewswire/ — Citycon will outsource its finance activities, specifically those related to Nordic Accounting and Lease Administration, to enhance the scalability and flexibility of its operations in line with evolving business requirements. The vendor for the outsourcing is Staria, a financial services company offering international financial administration services in over forty countries.

With this outsourcing, Citycon aims to align the size and capabilities of the finance organization with the company’s future development, ensuring it can adapt to meet the needs at any given time. The outsourcing includes a transfer of people from Nordic Accounting and Lease Administration teams, from Sweden, Finland, Norway and Estonia. The transfer will take place in Q3/2024.

The vendor selected by Citycon for the outsourcing is Staria, a Finnish company that offers global accounting services, ERP consulting services, and BI & Planning solutions in over forty countries through a unique one-stop delivery model. Staria operates in all countries where there are transferring employees.

“We want to continue benefiting from local expertise within our operating countries and are confident that we have identified the ideal partner to maintain and enhance our financial expertise, while ensuring seamless collaboration with Citycon’s organization. We are convinced that Staria is the best partner for us and can enable scalability according to our evolving business needs,” says Sakari Järvelä, Chief Financial Officer at Citycon.

“We’re thrilled to welcome Citycon’s esteemed finance team into our fold to enrich our talent pool with highly skilled professionals from the Nordic region. We look forward to providing our new colleagues with a Great Place to Grow at the heart of the industry, and a strong partnership with Citycon going forward,” says Sanni Koskela, Staria’s Chief People and Culture Officer.

“We are delighted to partner with Citycon and to have their finance team join Staria’s family, marking an important milestone on our journey of international growth. I’m excited about what lies ahead for us,” says Artti Auramaa, Staria’s CEO.

The outsourcing will have no material effect on Citycon’s financial performance in 2024.

For further information:
Sakari Järvelä
Chief Financial Officer, Citycon
Telephone +358 50 387 8180
[email protected]

Sanni Koskela
Chief People and Culture Officer, Staria
Telephone +358 40 350 9296
[email protected]

Citycon is a leading owner, manager and developer of mixed-use real estate featuring modern, necessity-based retail with residential, office and municipal service spaces that enhance the communities in which they operate. Citycon is committed to sustainable property management in the Nordic region with assets that total approximately EUR 4.0 billion. Our centres are located in urban hubs in the heart of vibrant communities with direct connections to public transport and anchored by grocery, healthcare and other services that cater to the everyday needs of customers.

Citycon has investment-grade credit rating from Standard & Poor’s (BBB-). Citycon’s shares are listed on Nasdaq Helsinki Ltd.

www.citycon.com/

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Newgen Recognized in the Gartner® Market Guide for Commercial Banking Cash Management and Trade Finance Solutions 2023 Report

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Newgen’s platform for Trade Finance, designed by industry experts, emerges as a game changer for banks

NOIDA, India, May 13, 2024 /PRNewswire/ — Newgen Software, a global provider of a low-code platform for end-to-end automation at scale, announced that it has been named in the Gartner® Market Guide for Commercial Banking Cash Management and Trade Finance Solutions, 2023 report.

Gartner describes global banking cash management and trade finance solutions as “capabilities that support end-to-end business and product processes, a consistent operating model, and client services in the corporate treasury and working capital domains.” The report will help bank CIOs gain insights into the vendor solutions available in the market.

Newgen’s Trade Finance Solution, built on the NewgenONE low-code platform, offers transaction origination, transaction processing, and document management capabilities. The Swift-Compatible Solution enables commercial banks to comply with the latest Swift standards and enriches the journey orchestration for both customers and internal bank users.

Newgen excels in delivering operational excellence and unifying customer experience with its advanced trade finance solution. We believe this Gartner recognition reaffirms the critical role our innovative solutions play in creating a connected digital ecosystem and fulfilling the unique requirements of our commercial clients,” said Runki Goswami, Global Head of Marketing at Newgen Software.

Disclaimer: GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product, or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner’s research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Newgen Software Technologies Ltd.

Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, communication management, and AI/ML. Globally, successful enterprises rely on Newgen’s industry-recognized low-code application platform to develop and deploy complex, content-driven, and customer-engaging business applications. Newgen unlocks simple with speed and agility.

For more details, visit www.newgensoft.com

Media Contact: [email protected] 

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