News Hub | News Direct

Professional Services

Architecture CRM/Customer Service Consulting Government & Policy Human Resources Intellectual Property/Trademark/Patent Law Legal
Article thumbnail News Release

Consumer lender Fintern appoints Chief Risk Officer

Stockwood Strategy

Prior to joining Fintern, Mark was a Partner at EY, where he specialised in Credit Analytics and led EY's Quantitative Advisory Services team of 200 quantitative analysts. Since joining EY in 2005, Mark has served virtually every major UK bank on the topic of credit modelling and the use of advanced analytics. At Fintern, Mark will leverage his market-leading experience to develop Fintern's next-generation credit technology and improve access to affordable credit. Mark holds a PhD in mathematics and has been a leading advocate for the use of alternative data in fairer credit decisioning. Gerald Chappell, Fintern CEO, said "I am excited about Mark's vision for Fintern, as well as his passion for using data and analytics to fix the failings of the credit score system and improve access to affordable credit. Given his career track record, he will bring world-class analytics, artificial intelligence and strategic expertise to build on the strengths of the existing management team." On his appointment, Mark London commented: "I am delighted to be joining Fintern at this important time. Fintern's mission to transform consumer credit markets, bypassing a broken credit scoring system that unfairly excludes millions of people from affordable loans, is more relevant now than ever with the economic disruption caused by Covid-19. Using Open Banking and other alternative data we can improve financial lives by bringing affordable and responsible loans to many more people." Mark added "I am excited about Fintern's commitment to interactive lending. As CRO, I will ensure we share our insights with customers, that we will help them to make decisions that are in their best interest, and that we will provide full transparency on all our lending decisions." Michelle He, Fintern COO and CFO, said "Mark will find an amazing home here at Fintern, and a deep commitment from the entire Fintern team to challenging the traditional lending approach and helping consumers recover as we emerge from Covid-19." About Fintern Fintern is a digital consumer lender on a mission to expand access to low-cost personal finance and transform financial well-being. Fintern's next-generation credit technology takes a holistic look at each applicant’s financial situation rather than making a decision solely based on a credit score. Fintern builds relationships with customers helping them to understand their repayment capacity and credit appetite. Fintern integrates its AI platform with Open Banking to smartly connect the dots in consumers' banking data enabling Fintern to obtain the most accurate view of borrowers' affordability and spending behaviour using up to the minute transaction information. Fintern was founded in 2020 with a team from McKinsey, EY, Bank of America Merrill Lynch, HSBC and XiaoMi. Fintern is authorised and regulated by the Financial Conduct Authority, firm reference number 929244, a member of Cifas (the UK's leading anti-fraud association) and registered with the UK Information Commissioner's Office in compliance with the Data Protection Regulations 2018. Contact Details Fintern Sam Power +44 7400 122813 press@fintern.ai Company Website https://fintern.ai/

March 29, 2021 04:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Singleton Schreiber McKenzie & Scott, LLP Sues PG&E on Behalf of 18 Zogg Fire Victims

Singleton Schreiber McKenzie & Scott, LLP

Singleton Schreiber McKenzie & Scott, LLP (SSMS), a leading California fire litigation law firm, has filed a multi-count lawsuit against the Pacific Gas & Electric (PG&E) power company on behalf of 18 victims of the Zogg Fire that broke out last September in Shasta County. Today, SSMS announced that it filed an updated complaint based on the recent announcement by the California Department of Forestry and Fire Protection (Cal Fire) that it “has determined that the Zogg Fire was caused by a pine tree contacting electrical transmission lines owned and operated by PG&E located north of the community of Igo.” PG&E has previously stated that the pine tree that caused the fire may have been identified for removal — but not actually removed — during restoration efforts following the Carr Fire in 2018. Cal Fire has forwarded its report to the Shasta County District Attorney’s Office. The plaintiffs in the lawsuit filed by SSMS are homeowners, renters, business owners, and other individuals and entities whose property and lives were, literally and figuratively, destroyed by the Zogg Fire. Cal Fire has reported that the Zogg Fire ignited around 4:03 p.m. on September 27, 2020, near Zogg Mine Road and Jenny Bird Lane, north of Igo and west of Redding in Shasta County. The Zogg Fire burned more than 56,338 acres in Shasta and Tehama counties, 204 structures were destroyed, 27 structures were damaged, one person was injured, and four people were killed by the fire. The lawsuit filed by SSMS alleges that PG&E negligently, recklessly, and willfully failed to safely inspect, maintain, and operate its electrical equipment and failed to maintain appropriate clearances around vegetation in the area. According to the lawsuit, PG&E had already reported that its equipment was involved in the ignition of the Zogg Fire. “The conditions and circumstances surrounding the ignition of the Zogg Fire, including the nature and condition of PG&E’s electrical infrastructure, low humidity, strong winds, and tinder-like dry vegetation were foreseeable by any reasonably prudent person,” said Gerald Singleton, the founding partner of SSMS and one of the most experienced fire attorneys in California. “The fire caused substantial damage to real estate and personal property, including many cherished possessions.” The lawsuit states that plaintiffs each seek damages to be determined, on an individual basis, as well as punitive damages because PG&E has “deliberately, and repeatedly, prioritized profits over safety and this history of recklessness and conscious disregard was a substantial factor in bringing about the Zogg Fire.” Singleton Schreiber McKenzie & Scott, LLP, has over 100 employees and has offices throughout California. In the past two decades, the firm has represented more than 10,000 victims of utility fires, in multiple states, and has recovered approximately $1 billion in settlements and verdicts for its clients. The firm currently represents thousands of victims of the 2020 Mountain View and Zogg Fires, the 2019 Kincade Fire, the 2018 Woolsey and Camp Fires, the 2017 Thomas and North Bay Fires, and the 2015 Butte Fire. A copy of the lawsuit is available here and at www.LawsuitPressRelease.com. For more information, please visit SSMSJustice.com. Contact Details LawsuitPressRelease.com John@LawsuitPressRelease.com +1 888-859-6637 john@lawsuitpressrelease.com Company Website http://www.SSMSJustice.com

March 24, 2021 03:50 PM Eastern Daylight Time

Article thumbnail News Release

EagleTEQ Advisors Joins as Consulting Partner for Cloud Conventions 2021

Convey Services

The Cloud Conventions 2021 virtual trade expo is teaming up with EagleTEQ Advisors, a consulting group of senior channel executives, to help direct event strategy and program design for the largest and most innovative virtual event in the telecom/cloud channel, running virtually May 12-14. In its second year, Cloud Conventions 2021 connects channel partners and professionals in the telecommunications, cloud and IT services industries to information, strategies, and insights to navigate the “New Normal” as business emerges from the pandemic. EagleTEQ joins media partner, TR Publications and event management firm MCI Group in supporting this one-of-a-kind channel expo. “There are no more highly-qualified industry strategists than the partners at EagleTEQ Advisors,” said Carolyn Bradfield, CEO of Convey Services, the platform provider for Cloud Conventions 2021. “In a time of accelerated changes that dramatically impact both channel sellers and providers, EagleTEQ’s real-world experience in addressing industry business challenges will be key in ensuring Cloud Conventions 2021 delivers the right message, at the right time, to our attendees.” “Virtual events in this industry have often missed the mark in providing attendees and sponsors with an engaging, connected and information-rich experience,” said Curt Allen, partner in EagleTEQ Advisors. “The ‘New Normal’ dictates a business environment where digital transformation and channel engagement is even more critical. Our team is excited to provide resources and guidance to strengthen the mission and ensure that every participant walks away with strategies to grow their business in a scalable and sustainable way.” Cloud Conventions 2021 is co-sponsored by TR Publications and managed by the MCI Group. MCI is committed to growing the Cloud Conventions 2021 event and returning in the spring of 2022 with a live, plus hybrid industry-focused experience. Attendance at Cloud Conventions 2021 is free to qualified industry professionals. Exhibitors and attendees can sign up at the Cloud Conventions 2021 site. The Cloud Conventions 2021 expo is hosted and managed on the industry-leading Cloud Conventions™ virtual event platform, powered by Convey Services. XXX About EagleTEQ Advisors EagleTEQ Advisors is focused on enabling technology solution providers and distributors to grow revenue, expand distribution channels, and transform market position. The EagleTEQ Advisors team has over 150 years of combined real-world experience and expertise in addressing virtually every business opportunity and challenge. With proven leadership in sales, marketing, product, channel, and go-to-market planning and execution, we help businesses with profitable revenue growth strategies supported with executable, repeatable tactics. EagleTEQ founding partners include Curt Allen, Ken Bisnoff, Steve Braverman, Mike Cromwell and Cardi Prinzi. www.eagleteq.com About Cloud Conventions Cloud Conventions is a Virtual Trade Show and Conference Platform from Convey Services that brings new capabilities to a marketplace looking for solutions to replace the thousands of live trade shows, annual conferences and association meetings cancelled in the wake of COVID-19. Originally launched as ConveyLive, Cloud Conventions automates exhibitors and virtual booths, attendee registration, speaker sessions and reminders, invitations and email communication, while at the same time producing detailed analytics on attendee, session and exhibitor activity. Trade Associations and event managers can explore all of the Cloud Conventions solutions by visiting https://cloudconventions.com or contacting info@cloudconventions.com or call 888-975-1382. Cloud Conventions™, Community™, Cloud Kickoffs™, Conduct™, One-Touch Email Share™, Hub & Spoke™, 360° Virtual Exhibit Hall & Lobby Experience™ and ListLock™ are trademarks of Convey Services LLC Contact Details Bruce Ahern +1 770-580-0810 bahern@conveyservices.com Company Website https://cloudconventions.com

March 24, 2021 12:30 PM Eastern Daylight Time

Article thumbnail News Release

Chia Launches Eco-Friendly Blockchain & New Digital Currency

Chia Network

Highlights Chia Reinvents Digital Money with Energy Efficient At-Home Farming Rewards Chia Blockchain Full Node Count approximates 2,000 in the last 24 hours and exceeds 12,500 since Launch Chia Network Inc. (“Chia”) today introduced its revolutionary eco-friendly blockchain, its new digital currency known as “chia,” as well as a new breakthrough smart transaction on-chain programming language called “Chialisp”. Chia’s blockchain is a global open-source decentralized network that operates a payment settlement system using chia, its native cryptocurrency. The Company expects its blockchain will be used in a range of transactions, including cross border payments, issuing financial assets, and stable coin issuance. Chia intends to sell software service and support for its open source blockchain and smart transaction software to governments, financial institutions, corporations, and large buyers and sellers of storage. “We are very excited to launch Chia’s new blockchain and smart transaction platform which is easier to use, more energy efficient, and more secure than existing digital money alternatives. Improving upon Proof of Work’s shortcomings around centralization, electricity consumption and poor programmability, Chia’s blockchain has the potential to become the core of a new monetary architecture,” said Bram Cohen, Chia’s CEO. As of March 2021, Chia’s blockchain has approximately 2,000 full nodes in the last 24 hours and 12,500 full nodes since launch as compared to Ethereum with 6,800 full nodes. According to Bram Cohen, a robust amount of independently-operated nodes is considered essential to the success of Chia, as its fundamental value relies upon its ability to remain decentralized. Farming will allow even the smallest farmer running a node a chance to win rewards for validating the network. Running a node is also a more secure way to self-custody chia. "Bram Cohen is one of the greatest living protocol designers (BitTorrent), right up there with Satoshi and Vitalik” -- Naval Ravikant Chia is the answer to Bitcoin’s climate problem Banks and currencies are susceptible to routine shocks from governmental mismanagement, global financial crises, and generally run on antiquated technologies. Bitcoin was launched during one of these banking crises to try to address these ongoing issues. But Bitcoin now expends approximately 64 terawatt-hours per year, a level of energy consumption comparable to the nation of Switzerland. This level of energy usage is controversial and could get worse as bitcoin adoption and energy prices increase. Further, Bitcoin script is very limited, slow to develop, and has generally required significant changes in the Bitcoin protocol that can take years to be deployed. These delays and limitations have hampered building custody and controls into the Bitcoin blockchain. Ethereum shares Bitcoin’s reliance on “wasteful” mining and has additional problems. Almost every deployed Solidity smart contract that has attracted large balances has in some way been compromised. The Solidity scripting language makes it easier to write software than to secure it. Ethereum has mostly become known for the fundraising mechanism known as an “ICO”, where the fundraiser creates new tokens on the Ethereum network to sell for bitcoin and ether - many of which have uncertain regulatory compliance. Environmentally green chia (XCH) aims to save the planet Chia ’s blockchain offers functional and environmental advantages to Bitcoin, Ethereum and Ripple’s existing platforms. The Chia blockchain is more open and accessible than existing financial institutions, more efficient and less wasteful than the Bitcoin and Ethereum blockchain, and better designed for secure smart financial transactions than the Ethereum blockchain while being more decentralized than Bitcoin, Ethereum, or Ripple. Chia’s blockchain replaces “Proof of Work” which is the consensus method that Bitcoin and Ethereum use, with the first of its kind “Proof of Space and Time” which uses significantly less energy and leads to a more decentralized and more secure blockchain. Proofs of Space harnesses unused disk space, rewarding owners of empty space for “ farming ” and Proofs of Time add security and time predictability to the network. As Bitcoin uses Bitcoin Script and Ethereum uses Solidity for programming transactions, Chia’s blockchain uses Chialisp. Chialisp, is a newly developed blockchain programming language and on-chain smart transaction development environment that will unleash the security, transparency, and ease of use that cryptocurrencies promise. Applications running on Chia’s blockchain are intended to have functionality appropriate for banking. The primary focus for the initial launch will be on core functionality such as financial controls, payments clearing and settlement, and managing the issuance of various assets. One of the primary use cases for chia is in international payments - especially in regions whose governments or financial systems are particularly volatile. The Company expects that the Chia blockchain and Chialisp will facilitate a range of transactions, including facilitating cross border payments, issuing financial assets, and stable coin issuance with best in class custody and controls. Chia - the easiest digital money to farm - is “the people’s choice” Compared to the existing modern finance platforms, chia is the easiest digital money to farm. In contrast to the technically proficient skills required to join a miner community, all people can “farm” chia at home for a fraction of the cost. Learn more about chia farming and the chia farmer reward schedule in Chia’s business Whitepaper. Earn your chia (XCH) rewards today It is straightforward to install the Chia blockchain for Windows, MacOS, and many other platforms as well. Download the Chia blockchain and earn your chia (XCH) rewards now. To learn more about Chia’s blockchain, please watch the Company’s mainnet launch video. Exchange trading - stay tuned Please expect an initial six week period where transactions will be frozen and farmers will only be receiving farming rewards. The Chia blockchain will soft fork in final transaction capabilities during this period in a 1.1 release. The soft fork will be a required upgrade before the six-week period ends. Read all about it in Chia's release notes. About Chia Network Chia Network Inc. was founded by Bram Cohen, the inventor of the BitTorrent protocol. Chia is a state-of-the-art open-source decentralized blockchain, digital currency, and smart transaction platform. Using the first new secure Nakamoto consensus algorithm invented since Bitcoin, Chia aims to operate an eco-friendly, more secure and user-friendly payment system for cross border payments, issuing financial assets, lending, escrow payments, institutional custody, and distributed identity. Chia’s “Proof of Space and Proof of Time”-based blockchain reduces waste in “Proof of Work”-based blockchains. Built to run Chialisp, the company’s newly developed on-chain smart transaction programming language, Chia’s blockchain allows its users to build and execute smart contracts and enable peer-to-peer applications. Chia believes that “digital money” should be easier to use than cash, harder to lose, and nearly impossible to steal. The Company is funded by leading venture capitalists including Slow Ventures, a16z, Naval Ravikant, Galaxy Digital, Greylock, True Ventures, MetaStable, Stillmark, DCM, and others. The Company’s Advisors include Dr. Dan Boneh, Research Partner at a16z and Applied Cryptography Professor at Stanford University; and Dr. Krzysztof Pietrzak, Cryptography Professor of IST Austria; and Ms. Katie Haun, General Partner at Andreessen Horowitz. Investor Relations Contact: Gretchen Lium. For more information, visit https://chia.net and connect with us on Twitter (@chia_project), Facebook, GitHub and LinkedIn. Contact Details Gretchen Lium +1 303-638-9185 gretchen@chia.net Company Website https://www.chia.net/

March 24, 2021 06:05 AM Eastern Daylight Time

Article thumbnail Digital Asset Direct

How The Need For Life Insurance Affects Your Family Financial Planning by Jennifer Lang Financial Services.

Jennifer Lang Financial Services, LLC

Contact Details Jennifer Lang +1 877-487-8926 mail@jenniferlangfinancialservices.com Company Website https://www.jenniferlangfinancialservices.com

March 23, 2021 10:05 AM Eastern Daylight Time

Video
Article thumbnail News Release

CMMC Center of Excellence Announces Engagement Agreement with TechnoGen & TechnoGen Cybersecurity

Interoperability Clearinghouse

The Cybersecurity Maturity Model Certification Center of Excellence ( CMMC COE ), hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public-private partnership serving the public and private sectors for more than 15 years, is excited to announce a partnership with TechnoGen, Inc., an ISO 9001:2015, ISO 20000-1:2011, ISO 27001:2013 and CMMI Level 3 Global IT Services and Consulting Company headquartered in Chantilly, Virginia and Offshore Development Center in Hyderabad, India. This unique partnership will extend efforts to identify and include proven capabilities within the CMMC COE Marketplace to improve cybersecurity protection and resilience for the global defense industrial base network of contractors, vendors, and suppliers. In addition, the partnership with TechnoGen and TechnoGen Cybersecurity establishes a presence for the CMMC COE in India with a future plan for a Center of Excellence- India in collaboration with the CMMC COE APAC. With over 16 years of experience providing end to end IT Services and Solutions to the Public and Private sectors, TGI provides highly skilled and certified professionals committed to helping clients solve complex problems and achieve their goals, on time and under budget. “This is exciting opportunity for us”, said Mr. John Weiler, Chairman of the Board at CMMC Center of Excellence, “This new partnership will further help advance the goals and objectives for improving the supply chain security and resilience of the US Department of Defense (DoD)”. Mr. Lax Chepuri, CEO of TechnoGen, Inc. expressed confidence and delight in the newly formed relationship with the CMMC COE saying, “Both TechnoGen, Inc. and TechnoGen Cybersecurity and will bring enthusiastic support for the goals and standards of the CMMC COE in both the U.S. and India Defense sectors.” The executed Engagement Agreement establishes a collaborative engagement between TechnoGen and the CMMC COE to partner in the furthering of their respective and complementary missions and objectives regarding the adoption, use, and expansion of CMMC based cybersecurity practices, risk management, and compliance for the DIB contractor, vendor, and supplier community of providers creating a broader CMMC ecosystem globally to improve security and resilience. Specific actions will include: The co-development of CMMC advisory services, cyber training and education programs to accelerate CMMC certification, increase cyber adoption and improve cyber protection & resilience. Co-sponsor symposiums, training programs and podcasts leveraging their combined cyber and IT expertise. Host regular working groups, with other partners, to enable collaboration and communications. Establish an independent Industry Cyber Security Advisory Council with peer organizations to advise and educate leaders across government and industry on the continued evolution and effectiveness of CMMC. The CMMC-COE ( http://cmmc-coe.org ) and TechnoGen partnership will focus on bringing together the many disparate cyber and national security communities of interest to reduce complexity, improve awareness, and accelerate industry effort to become more cyber resilient against the growing threats from nation states and criminal enterprises. The CMMC-COE establishes both a Market Place and Knowledge Clearinghouse that will include resources that support the overall effort, including white papers; tutorials; recorded webcasts; presentations; and more that will help reduce the cost and burden on small and medium size contractors already struggling from the impact of COVID. For more information on the CMMC COE, please visit http://cmmc-coe.org, email info@cmmc-coe.org or call 703-863-3766 For more information on TechnoGen, please visit https://www.technogeninc.com/ About Us ---------- CMMC-COE.ORG is a unique non-profit public-private partnership, with a vision to accelerate Cybersecurity Maturity Model (CMM) adoption, and reduce time & cost for security compliance for our partners by leveraging commercial best practices, CMMC standards, and innovative solutions for a measurable success. Our mission, focused on DOD mission objectives, cost containment and expeditious CMMC compliance, is to help the DIB improve cyber posture and resilience, and simplify its acquisition. The CMMC-COE is hosted by the Information Technology Acquisition Advisory Council (IT-AAC), a public/private partnership (P3) chartered in 2007 as an honest broker to reach outside the confines of the Federal IT advisories that lack dynamic reach into the Global IT Market, and dedicated to the adoption of commercial IT management standards of practice and innovations emanating from the Global IT market. Team IT-AAC has already demonstrated the value of its decade long investment, and provides a unique value to agencies seeking to achieve accelerate the transformation of legacy processes and systems. Our Just-in-Time SMEs apply an innovative suite of Technology Business Management and Agile Acquisition Processes needed to assure the business value of commercial IT. The Interoperability Clearinghouse (ICH), is the managing partner that make up the 24 NGO/SDO organizations that make up the IT-AAC. ICH provides the contract vehicles, clearances, and critical resources proven to guide sustainable, measurable and repeatable processes needed to drive better investment decisions as the speed of mission need, while aligning existing processes, methods and workforce with IT reform mandates contained in Clinger Cohen Act, FITARA, IT MGT Act, EO13838. Contact Details Bob Dix +1 703-975-6633 bob.dix@it-aac.org Company Website https://cmmc-coe.org

March 22, 2021 08:00 AM Eastern Daylight Time

Article thumbnail News Release

Alchemy Acquisition Corp. Announces Expansion with Opening of Offices in Vancouver, British Columbia, Canada

Alchemy Acquisition

Irvine, California – Alchemy Acquisition Corporation (AAC), a global merchant banking firm, announced today that it is expanding its operations to Vancouver, British Columbia, Canada with new office openings. AAC Chairman – Bill Yuan, will lead the Vancouver office as well as spearhead the firm’s expansion into additional G-7 locations across Asia and Europe. Mr. Yuan chairs the firm’s Corporate Governance and Compensation Committees in addition to holding day-to-day responsibility as Group Head leading Renewables and TMT-S sector coverage. Commenting on the expansion, AAC Managing Partner – Henry Huang stated “Alchemy has selected Vancouver B.C. as a location to expand and bolster North American capital coverage. This office will serve as a strategic hub to facilitate activity across both our principal investing and global advisory business lines. Mr. Yuan and I will work closely to maintain the firm’s relationships with first-tier institutional investors globally including: sovereign wealth funds, pension funds, insurance companies, state plans, endowments, foundations, private equity firms, corporate institutional investors and family offices. We look forward to establishing a deep long-term presence as a responsible steward of capital and advisor to public and private institutions domiciled in Canada.” BILL YUAN – BIO Mr. Yuan currently serves as Chairman Emeritus of CURE Pharmaceutical – in this position, he plays an active role with special responsibilities to the organization’s board of directors. Mr. Yuan was most recently Chairman & CEO of Fortress Hill Holdings, an Asia-based investment banking firm. With over 30 years of experience in global finance, he has served as a key strategist and advisor to multi-national institutions including Amgen Corp., Biogen, Comcast NBCUniversal, GE Capital, Warner Brothers Studios, News Corp/Star TV/BSkyB/20th Century Fox and Philip Morris (completed $2.6 billion merger), as well as Asian institutions that include Sina.net/Sina.com, Shanghai Petrochemicals, Jinlia Pharmaceutical and Tsingtao Beer Corp. Mr. Yuan has also successfully closed multiple Media, Entertainment and Sports (MES) transactions in major-league sports including the Arizona Diamondbacks (MLB), Los Angeles Dodgers (MLB), San Diego Padres (MLB), Miami Heat (NBA), Golden State Warriors (NBA) and San Antonio Talons (AFL). In 1995, Mr. Yuan led Merrill Lynch Asset Management Asia and concurrently served as Chairman of Merrill Lynch’s Global Asset Allocation Committee, managing one of the largest pension/retirement funds in the world (largest in Asia) with $488 billion in Total AUM. Simultaneously, he was Chairman and Chief Investment Officer/Portfolio Manager of the $1.2 billion AmerAsia Hedge Fund domiciled in Asia with special emphasis on Technology, Media and Telecommunications (TMT). Prior to that, Mr. Yuan served as Senior Vice President and Co-Manager at Morgan Stanley Smith Barney's Portfolio Management Corporation, with dual functions as co-head of the Capital Markets Derivative Team, and Chairman of the Technology Investment Management & Executive Policy Committee. He began his finance career at Goldman Sachs as an investment banker in mergers & acquisitions. Mr. Yuan holds a Bachelor of Science degree in Economics from Cornell University and attended Harvard University's John F. Kennedy School as a Mason Fellow. ABOUT ALCHEMY Alchemy Acquisition Corp. is a global merchant banking firm with deep industry expertise that specializes in principal investments, private placements and global advisory. The firm transacts primarily across three sectors: (1) Real Estate & Infrastructure, (2) Technology, Media, Telecommunications and Sports (TMT-S) and (3) Renewables. Alchemy also advises its clients globally on strategic and financial matters including mergers and acquisitions, restructurings and capital formation. Contact Details IRRealized, LLC Mary Jensen - Public Relations +1 310-526-1707 mary@irrealized.com Alchemy Acquisition Corp Information 604-696-0158 info@alchemyrecap.com

March 18, 2021 02:15 PM Eastern Daylight Time

Article thumbnail News Release

Women Hosts Powering Airbnb During the Pandemic

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/kfkiWTMt2Cg The pandemic has forced thousands of women out of the workforce. In order to face the economic burdens that have fallen on their shoulders, many of them became new Airbnb Hosts. Airbnb estimates that 55% (2 million) of their 4 million Hosts globally are women. Since the start of the pandemic last March, new women hosts that have started hosting on Airbnb with only one listing have collectively earned $600 million. This lifeline isn’t limited to just Hosts who are sharing their homes. In a recent Airbnb survey, 35 percent of these women reported that they started their Online Experience to replace lost income from a full-time or part-time job. Stephanie Ruiz, Regional Communications Lead for Latin America at Airbnb partnered with YourUpdate TV on a nationwide media tour discussing the economic opportunities that home sharing creates for communities. Amidst the COVID-19 pandemic, the opportunity offered by hosting has become even more invaluable to women. With a record-setting departure of women from the workforce due to pandemic-related layoffs or new, urgent responsibilities at home, we are facing an unprecedented “she-cession”. That’s why it’s no surprise that Airbnb is seeing even more women turn to hosting on Airbnb in this moment. For women who are in need of new and more flexible ways to help support their families at this time, that is invaluable earning potential. If you are considering hosting, now is the time. Recent Airbnb consumer polling indicates there is pent-up demand for travel, and the type of meaningful travel enabled by Airbnb is the kind of travel people will continue to seek even after the pandemic ends. If you are looking to share your space or learn how to become a host yourself, check out Airbnb.com/host About YourUpdateTV: YourUpdateTV is a social media video portal for organizations to share their content. It includes separate channels for Health and Wellness, Lifestyle, Media and Entertainment, Money and Finance, Social Responsibility, Sports and Technology. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

March 18, 2021 10:00 AM Eastern Daylight Time

Video
Article thumbnail News Release

Clearbanc and Pencil partner to help ecommerce businesses grow using creative AI

Stockwood Strategy

Creative AI company Pencil has partnered with the world’s largest e-commerce investor Clearbanc to provide their customers with the latest innovation in online video advertising, Machine Generated Creative (MGC). These ads can be created in minutes and consistently double return on ad spend for brands. It is anticipated that companies using the Pencil platform will be able to unlock new audiences on Facebook and Instagram and grow revenue faster. MGC online video ads are generated by artificial intelligence (AI), while learning what resonates with audiences, in order to systematically deliver better results for brands. Using historic ad performance data, Pencil is able to understand what in the ad is resonating with customers. It can then generate new batches of ad ideas which are new and distinct, but which share winning characteristics with past winners. In this way Pencil learns what works while continuously exploring new ideas that could resonate with audiences. Pencil analysed over 100 campaigns that used MGC video ads and found the best MGC ads delivered an average return on ad spend (ROAS) 2x that of other ads the brands were running. One brand’s MGC campaign delivered 7x higher ROAS. Will Hanschell, CEO and co-founder of Pencil commented: “This partnership with Clearbanc underlines the success we’ve had with our Machine Generated Creative ads for brands around the world. These ads are helping ecommerce brands and agencies grow, and I am confident we can help them scale further.” This partnership announcement comes hot o n the heels of Pencil joining as a creative partner in Facebook Marketing Partners, a program that connects businesses to an ecosystem of specialists. More than 200 million businesses worldwide use Facebook’s apps to connect with customers and grow, and over 10 million of them run advertising campaigns each month. Pencil customer James Harding, Head of Growth at Lyka Pet Food commented: "Pencil gives us the ability to generate ads quickly and more importantly, come up with ideas we might not have otherwise. It's been a massive win for us essentially." Pencil leverages proprietary technology to generate ad video, derive insights and make predictions, as well as integrating the OpenAI API to generate ad copy. The OpenAI API provides access to GPT-3, one of the world’s most powerful language models. Pencil is among the first companies approved to use it commercially. This approval requires strict criteria in AI safety and ethics. Daniel Rodic, Head of Market Development commented: “Clearbanc was created to help Founders grow their businesses by using our non-dilutive capital to invest in predictable and repeatable expenses like marketing spend. Pencil’s technology offers a simple solution for brands in our portfolio to improve their return on ad spend and ultimately maximize the effectiveness of the capital they deploy.” Clearbanc has deployed over US$1.6b to more than 4,000 ecommerce and SaaS businesses. EndS Notes to the editor About Pencil Pencil is a Creative AI company on a mission to generate unexpected ideas that get results. Pencil generates ads that learn to perform, delivering the return on ad spend that helps brands scale their businesses. Pencil invented Machine Generated Creative (MGC), a new way of making ads that algorithmically optimises for creative novelty, brand relevance and return on advertising spend. It always starts from a human brief and it always involves total human editorial control. Pencil’s MGC platform generates ads in minutes and has been shown to generate ads that double returns for brands. Pencil was founded in 2018 with a team from Google, Facebook and Uber and is backed by Sequoia Capital India, Wavemaker Partners, Singapore Innovate and Entrepreneur First. About Clearbanc Founded in 2015 by Michele Romanow (Canada’s Shark Tank), Andrew D’Souza, Ivan Gritsiniak, Charlie Feng, and Tanay Delima, Clearbanc is changing the way companies raise money by providing fast, affordable capital to online brands and B2B SaaS companies. Clearbanc’s data-driven algorithm has invested in 4,000+ companies across 50 states and backed 8x more female-founders than traditional VC. Clearbanc customers span small businesses across the United States, Canada, and the UK to some of the fastest-growing consumer brands today, like Le Tote, Leesa Sleep, Farmgirl Flowers, and Public Goods. For more information visit Clearbanc.com Contact Details Bilal Mahmood +44 7714 007257 press@trypencil.com Company Website https://www.trypencil.com/

March 17, 2021 12:00 PM Eastern Daylight Time

Image
1 ... 121122123124125 ... 142