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TigerWit and Liverpool FC Foundation Successfully Complete Employability Programme and Plan Further Schemes

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UK-headquartered global financial technology company TigerWit teamed up with the Liverpool FC Foundation to support the club’s Premier League Works employability program and plan to drive the initiative forward into 2020 following the successful training of eleven 18-25-year olds who took part in a range of activities aimed at inspiring and supporting them onto the next stage in their lives.

To conclude the scheme for 2019, TigerWit has provided the opportunity for 21-year-old Liverpudlian Rebecca Dillon to partake in one week’s work experience in their UK Head Office. TigerWit is supporting Rebecca by paying travel and accommodation expenses and she will learn the workings of a financial services company in the heart of the City of London, covering all aspects of finance, trading, compliance, marketing, sales and fintech, with the aim to provide her with a thorough experience and grounding in the working of financial markets.

Rebecca Dillion said of her experience: “I found the employability scheme really valuable, especially the CV surgery as it helped me to develop my own CV and tailor it to different job applications to meet each company’s criteria. I also really enjoyed playing on the pitch at Anfield – it was fantastic to meet the former players and have the once-in-a-lifetime opportunity to score in the Kop.

I’m really looking forward to my work experience in London – during the course I was motivated by TigerWit’s inspirational talks and wanted to get a glimpse of life in the City and a corporate work environment. I was able to find out more about the company which encouraged me to apply for the position. This opportunity will be invaluable as it’ll give me transferable skills and knowledge which I’ll be able to use throughout my life.

Tim Hughes, CEO at TigerWit said: “It has been inspiring to work with the Liverpool FC Foundation and we look forward to continuing this scheme in the years ahead to help young people like Rebecca learn the skills and gain the confidence to get any job they want. We are looking forward to welcoming Rebecca to the TigerWit office in London and will provide her with a rounded week of experience that we hope will serve her well for the future.

Matt Parish, director of LFC Foundation, said: “Our programme offers employment support and unique experiences to young people who have either been out of work or full-time education for a period of time. It really helps them to build their confidence, which is a core part of the scheme.

“We recognise that young people are our future, so they’re learning additional skills, they’re meeting real people who work in the business world and seeing where they’ve come from and how they’ve got to where they are now. Often, they’ve been on a not too dissimilar journey, which can give these young people that inspiration for their own career paths.

Throughout the summer participants in the five-week scheme undertook training and activities that were designed to help young people develop their personal and social skills to make a positive transition back into education or gain meaningful employment. This included one-to-one development sessions along with a CV surgery that focused on how to write and construct a successful CV to capture the attention of future employers, which was delivered at Anfield Stadium by TigerWit.

At the start of the scheme, participants received a special surprise when LFC Legends John Aldridge and Roy Evans had been exclusively invited by TigerWit to visit the participants and deliver a career session with a difference, before they were able to head out onto the pitch for a once-in-a-lifetime opportunity to play on the famous Anfield turf.

The youngsters were also treated by TigerWit to an all-expenses paid trip to London during the course of the scheme to visit the impressive Bloomberg Headquarters to get a sense for what working life is like in a real professional environment.

Blockchain

Paytah Supports Global Growth Strategy

Vlad Poptamas

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FINANCIAL INCLUSION THROUGH INNOVATIVE PAYMENT SOLUTIONS

 

Considered as one of the top payment service providers in Europe, Paytah

Payment Solutions (PAYTAH), which uses cutting edge financial technology applications, is also the first finance institution to offer IBAN (International Bank Account Numbers) running on blockchain.

A participant of the European Payment Council, this user-friendly and cost-effective banking service alternative is one of the first crypto-friendly payment service providers. Its services include instant transfers within Paytah accounts, Euro transfers to external accounts via SEPA, Euro deposits through SEPA, International wire and credit card transactions, private encrypted messaging between client/Paytah or client/client.

Designed to ensure payment safety, product quality and data integrity throughout the life cycle of a regulated product, the personalized IBANs and SEPA help facilitate the process of opening a business or individual account less the bureaucracy, thus, a much faster service. This brings Paytah at the forefront of financial innovation and continues to help in the growth of the company.

Paytah Founder and Chairman Marco Lavanna, who has successfully steered the company since late 2018, affirms that “Paytah provides true agility and responsiveness towards the market. We give first class customer experience while transactions are faster, more affordable, and highly safe. We are fully compliant with the European Payment Council, as we have proudly launched the Paytah Wallet, a wallet account application, meticulously developed to be seamless and user-friendly.”

Paytah is committed to finding solutions to challenges in the online finance sector as it expedites growth for companies and individuals.

 

SOURCE Paytah Payment Solutions

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Riot Blockchain Outlines 2020 Strategic Priorities

Vlad Poptamas

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Photo source: coincentral.com

 

Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot” or the “Company”), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, has announced updated strategic priorities for 2020, including a more targeted focus on bitcoin mining.

Since 2017, Riot has concentrated on developing its cryptocurrency mining operations and investing in blockchain-focused technologies. Historically, the Company has produced newly minted bitcoin (BTC), bitcoin cash (BCH), and litecoin (LTC). In line with the initial strategic objectives, Riot also invested in several companies and internal initiatives with the intent of building and supporting blockchain technologies.  Going forward, Riot reinforces its confidence in bitcoin by focusing on bitcoin mining and pursuing opportunities more directly related to bitcoin mining.

Cryptocurrency Mining: Riot recently completed a full network upgrade at its Oklahoma City mining facility with the objective to increase operational efficiency and performance. As previously mentioned in a press release issued on February 11, 2020, Riot procured 4,000 S17 miners from Bitmain during December 2019. As of mid-February, the deployment of 4,000 S17s was completed at the Oklahoma City mining facility resulting an overall hashrate of 240 petahash per second (“Ph/s”), consuming approximately 12 megawatts of energy.

The Company plans to provide updates on monthly production levels, commencing with a report shortly after the February 2020 production totals are reconciled. Such production updates are anticipated to continue for at least three months.

Strategic Partnership: To assist the Company in evaluating its strategic growth opportunities, Riot has engaged XMS Capital Partners. Headquartered in Chicago, XMS is an independent global financial services firm with expertise in M&A and strategic advisory. XMS will help Riot navigate the dynamic bitcoin landscape and advise the Company on potential strategic transactions in bitcoin mining related operations. The Company does not have a defined timeline for any transaction and cannot provide any assurance whether or when a transaction will may be announced or consummated.

RiotX Exchange: In order to concentrate its focus on cryptocurrency mining, Riot has opted to sunset further development of Riot’s U.S.-based digital currency exchange, known as the RiotX Exchange (“RiotX”), originally initiated in early 2018. Riot considered a number of factors when evaluating the RiotX decision including, but not limited to, the evolving regulatory environment, cybersecurity risks, and the current competitive landscape facing U.S. based cryptocurrency exchanges. Riot is considering opportunities to divest the limited assets associated with the RiotX in the best interest of the Company and its stockholders.

 

SOURCE Riot Blockchain, Inc.

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Blockchain

Centotrenta Servicing redefines credit securitization management with IBM Blockchain Platform

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IBM (NYSE: IBM) and Centotrenta Servicing announce the HyperMast STS platform, an end to end credit securitization management platform based on IBM blockchain technology designed to address financial sector requirements for their clients including data quality, process security, flow traceability, and the reduction of processing time and paper-based processes.

Centotrenta Servicing S.p.A, an Italian financial services company, currently manages approximately 200 securitization transactions per year in Italy with a combined value of 15.6 billion euros. As a servicer, Centotrenta Servicing is responsible for servicing the portfolio, collecting the receivables, providing cash and payment services, and monitoring the compliance of the securitization transaction with applicable laws and the prospectus.

Starting February 2020, the HyperMast STS platform project enters a phase of industrialization, and additional network participants including paying agents, originators, servicers, intermediaries, credit institutions and investors, law firms and technology companies are encouraged to join.

The HyperMast STS platform aims to provide the financial market with a tool to connect the entire ecosystem, made up of originators, servicers, intermediaries, credit institutions and investors –and allow them to interact in the different phases of the securitization operation in a transparent, secure and traceable way.

Based on Distributed Ledger Technology (DLT), HyperMast STS offers real advantages for the stakeholders of the operations, providing them with a greater level of interaction between them, a greater sharing of processes and, greater confidence in the processes and degree of guarantee of the financial assets.

In addition to the technology partners IBM and Blockchain Reply, Reply Group companies specialized in innovative projects based on DLT technology, they are part of the ecosystem led by Centotrenta Servicing and including BNP Paribas Securities Services as account and paying agent bank, other banks, advisors and prestigious law firms.

The choice of the IBM Blockchain Platform was due to its robustness and reliability, and its capabilities when creating DLT permissioned environments, combining efficiency, operational versatility with a hybrid cloud model, and data privacy control.

The platform addresses the core processes in securitization operations such as forming and signing the initial contracts (block sale), and the contracts underlying the securities issuance activities (block issue), and the definition of a “smart contract”.

The prototype was completed in November 2019 and addressed several key issues, such as possible ways of interfacing with the Bank of Italy systems (Infostat, FE129), issues related to security and user profiling, data protection management and digital signature mechanisms that allow the various actors to sign the HyperMast STS platform regulations and perform onboarding according to their role.

 

SOURCE IBM

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