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UST Building Momentum in the Dynamic Digital Business Transformation Sector

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Experienced leaders joined UST to drive growth and impact in a rapidly growing market

MELBOURNE, Australia, July 18, 2023 /PRNewswire/ — UST, a leading digital transformation solutions company, is proud to announce that it is well positioned for continued growth and success in the $2.4 trillion USD digital business transformation market1. Blending strategy, technology, and design, UST’s digital business transformation team has earned a reputation for excellence in leading and delivering effective transformations across a wide range of industries.

Key to the success of UST’s transformation efforts is UST Evolve, a global digital business transformation group of strategists, designers, technologists, and domain experts dedicated to solving complex challenges through pragmatic approaches that deliver bold outcomes. UST Evolve harnesses the collective power of UST to build and deliver future-fit solutions and enable digital business transformation for leading enterprises worldwide.

Christopher Loughlin, Global Head of Digital Transformation, and UST Evolve, leads transformation for UST and the UST Evolve group. As a member of the leadership team, Loughlin is responsible for building UST’s transformation capabilities, creating value, and expanding business growth for our clients.

“UST Evolve designs and delivers across the entire product life cycle. We consider business strategy, organizational change management, digital transformation, new product or service design, and business model innovation simultaneously. We bring together the might of UST for our clients — a cross-pollinated group of specialists that includes design thinkers, data and AI specialists, cloud technologists, supply chain experts, and innovators who are thinking through the future applications of emerging technology platforms. We love doing the hard work to solve our clients’ thorniest business problems with simple solutions,” said Christopher Loughlin, Global Head of Digital Transformation, UST Evolve.

David Thorpe is UST’s Head of Design, spearheading user-focused transformation journeys for UST Evolve and helping clients efficiently solve the ever-evolving needs of their customers. With decades of experience at the forefront of design innovation, Thorpe brings a wealth of experience in designing and guiding successful digital transformation projects.

“Digital transformation is the process of helping organizations create new – or modify their existing – experiences, processes, and tooling, to meet the changing needs of people: customers, business, and market. The tools of the designer have proven invaluable to transformation initiatives large and small, making things better and removing risk,” said David Thorpe, Head of Design, UST.

Rick Clark is the Head of Cloud Advisory at UST and a key member of UST Evolve. A world-renowned technologist and strategist with more than 20 years of leadership experience in Cloud, Open Source, Linux, and security.

“UST excels in operationalizing and automating transformation initiatives. We understand our customers’ businesses as well as their technology stack, and we develop bespoke solutions that accelerate innovation while maintaining governance and standardization across an enterprise’s cloud ecosystem. Most importantly, we bring the business into the process, ensuring technology delivers real business value. When everyone understands the impact of cloud decisions and how they connect to business outcomes, we are able to build a foundation for long-term success,” said Rick Clark, Global Head of Cloud Advisory, UST.

UST Evolve supports UST’s overall commitment to empowering clients by making technology more useful for humanity and valuable for their customers. Over the past two decades, UST has established itself as a critical business transformation partner for clients. With this team, UST is expanding its expertise and focus even further in this exponentially growing market by hiring key industry leaders in strategic business consulting, human-centered design, and transformational technology solutions.

To know more about UST Evolve – visit https://www.ust.com/en/evolve 

1 Estimated size of the digital transformation market by 2030 according to an analysis conducted by Verified Market Research

About UST

For more than 23 years, UST has worked side by side with the world’s best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients’ organizations — delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact — touching billions of lives in the process. Visit us at www.UST.com

Media Contacts, UST:
Tinu Cherian Abraham
+1 (949) 415-9857

Merrick Laravea
+1 (949) 416-6212

Neha Misri
+91-9284726602
[email protected]

Media Contacts, U.S.:
S&C PR
+1-646.941.9139
[email protected]

Makovsky
[email protected]

Media Contacts, U.K.:
FTI Consulting
[email protected]

Logo: https://mma.prnewswire.com/media/1422658/UST_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/ust-building-momentum-in-the-dynamic-digital-business-transformation-sector-301878630.html

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Russian Court Jails Finiko Crypto Scam Exec for Three Years

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A Finiko executive has been sentenced to three years in prison by a Russian court for her involvement in what is described as the largest crypto scam in the post-Soviet era.

According to Izvestia, Liliya Nurieva, the former head of networks at Finiko, received a four and a half year sentence from a court in Vakhitovsky, Kazan on May 17. However, the court stated that it would take into account the time she had already spent in pre-trial detention as “time served.”

Despite prosecutors’ requests for a six and a half year sentence, the judge rejected them. Nurieva, who had faced a possible 10-year imprisonment, reached a “pre-trial agreement” with prosecutors.

Nurieva’s defense attorney announced her intention to appeal the verdict. She was convicted of fraud and organized crime-related charges.

Finiko, initially presented as a crypto “investment fund” in 2018, allegedly defrauded citizens of around $1.1 billion, according to the country’s Central Bank. Much of this sum remains unrecovered.

The unraveling of the project began in 2021, leading to the flight of many Finiko figures abroad. After an international manhunt, Interpol detained co-founder Edvard Sabirov in the UAE in late 2022, while co-founder Kirill Doronin was arrested in mid-2021.

However, Nurieva is the first Finiko executive to be convicted and sentenced.

Finiko promised investors an “automated profit-generating system” with returns of “up to 30%” on investments of $1,000 or more. It also offered various lending and financial services with lucrative terms.

The company allegedly employed Ponzi scheme tactics, using funds from new investors to pay off older ones. By mid-2021, its platforms became unstable, with customers reporting delayed payments. In June of that year, payments ceased entirely, the value of its cryptocurrency plummeted, and Finiko offices nationwide abruptly closed.

During its peak, Finiko enjoyed popularity on social media, and initial estimates suggested nearly 10,000 individuals invested in its platforms.

Nurieva’s defense argued that she was unaware of Finiko’s fraudulent nature upon joining and had invested her own money in the company. It wasn’t until later interactions with senior executives that she realized the scheme’s illegitimacy.

Some Finiko investors attended the trial, with one, Lyudmila Yamshchikova from Kazan, expressing disappointment over halted payments, which she had relied on for mortgage payments and other financial obligations.

Source: cryptonews.com

The post Russian Court Jails Finiko Crypto Scam Exec for Three Years appeared first on HIPTHER Alerts.

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Hong Kong’s Crypto Ambitions Hit Snag: Can ETFs Steer the Ship?

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Hong Kong’s launch of its first Bitcoin and Ether ETFs in late April aimed to capture part of the $55 billion US market. However, the ETFs have experienced investor outflows, perplexing analysts. Experts attribute this to concerns over China’s strict crypto stance and high management fees compared to US products.

Despite initial setbacks, some analysts remain optimistic. Bloomberg’s Rebecca Sin notes that total assets under management (AUM) exceed $250 million, indicating potential growth to $1 billion within two years. Hong Kong’s crypto journey is still unfolding, facing challenges from regulatory uncertainties and regional competitors like Singapore and Dubai.

On the Flipside
High Management Fees: Hong Kong’s ETFs have higher fees than similar US products, potentially deterring investors.
Regulatory Uncertainty: The evolving regulatory landscape in Hong Kong may create hesitancy among investors.
Institutional Adoption: Established financial institutions in Hong Kong may be slow to embrace crypto, limiting market growth.

Source: dailycoin.com

The post Hong Kong’s Crypto Ambitions Hit Snag: Can ETFs Steer the Ship? appeared first on HIPTHER Alerts.

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Binance Web3 Wallet Introduces Yield Plus and Simple Yield

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In a bid to offer its users more opportunities in the Decentralized Finance (DeFi) space, Binance Web3 Wallet has introduced two new ways to earn: ‘Yield Plus’ and ‘Simple Yield’. These new features will be accessible right within the Binance Web3 Wallet Earn section.

About Yield Plus Zone
The Yield Plus Zone is a unique feature designed to showcase projects with potential airdrops or additional yield opportunities. This feature will give users easy access to projects that offer multiple levels of rewards. The initial projects that will be included are Eigenpie, Kamino Finance, Lista Dao, Marinade, Ondo Finance, Renzo, StakeStone, and SolBlaze. Binance Web3 Wallet plans to announce exclusive campaigns in future updates through the Binance Web3 X account.

About Simple Yield Zone
The Simple Yield Zone allows users to earn an Annual Percentage Rate (APR) with stablecoins and other tokens by providing liquidity to lending protocols. When providing liquidity, users may receive both the Supply APR and Distribution APR, depending on the protocol chosen.

More on Binance Web3 Wallet
Developed with a commitment to innovation, security, and seamless user experience, the Binance Web3 Wallet is a secure, self-custodial crypto wallet integrated within the Binance App. It serves as a bridge between the Exchange and Web3, enabling users to interact with multiple blockchains, trade thousands of tokens, earn yield, and explore a selection of the best decentralized applications (dApps) all in one wallet.

Source: blockchain.news

The post Binance Web3 Wallet Introduces Yield Plus and Simple Yield appeared first on HIPTHER Alerts.

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