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FIDx Announces Distribution Technology Partnerships With American Equity Investment Life Insurance Company And Eagle Life Insurance Company, Expanding Access To Annuity Solutions

fidx announces distribution technology partnerships with american equity investment life insurance company and eagle life insurance company, expanding access to annuity solutions

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BERWYN, Pa., Nov. 24, 2020 /PRNewswire/ — Fiduciary Exchange LL (FIDx), a product-agnostic retirement platform solution that allows insurance carriers to offer insurance solutions through wealth management platforms and other platforms, today announced partnerships with insurance providers American Equity Investment Life Insurance Company and Eagle Life Insurance Company. The partnership makes annuity solutions from both insurance entities available to financial advisors through FIDx by way of the Envestnet, Envestnet | MoneyGuide and Halo platforms, as well as directly through FIDx’s Protection Intelligence platform.
The announcement is the latest in a series of partnerships FIDx has forged to deliver on its mission of meeting financial advisors where and how they do business. FIDx is a centralized retirement marketplace that brings together industry-leading insurance carriers to offer protection and income solutions through a highly streamlined and frictionless process.
“American Equity and Eagle Life are industry leaders who add depth and breadth to our product offering,” said Rich Romano, Chief Executive Officer at FIDx. “At FIDx, we are embarking on a mission to completely revolutionize the industry and this addition of American Equity and Eagle Life underscores our commitment to delivering on our promise of names you know and products you need by being a platform …

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Corporate Buyers Take On COVID World

corporate buyers take on covid world

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How do finance executives perform due diligence, much less kick the tires, in order to buy another company — in the middle of a raging pandemic?It seems necessity is the mother of invention. Third-quarter mergers and acquisitions reportedly rang up $1 trillion worth of deals globally.The secret to success, The Wall Street Journal reported, is that finance execs got used to signing deals with people they may never even meet. To pull that off, they have had to use the tools of the pandemic, such as Webex, Microsoft Teams and Zoom.Executives have even done factory tours via video calls. While that may be extreme, execs are actually gaining better access to a target company’s books.“I felt like I lived on Zoom,” said Kevin Mehring, president and chief executive of UAS Laboratories, told the Journal, regarding the weeks before his company was acquired in a $530 million deal this summer.The acquiring company, Denmark-based Chr. Hansen, said it relied on video presentations and walk-through meetings in the run-up to the acquisition. However, the food-centered ingredient manufacturer did have some of its U.S.-based employees check out UAS Laboratories’ facilities in person.“They sent in two people to confirm …

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X Financial to Report Third Quarter 2020 Financial Results on December 2, 2020

x financial to report third quarter 2020 financial results on december 2, 2020

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SHENZHEN, China, Nov. 24, 2020 /PRNewswire/ — X Financial (NYSE: XYF) (the “Company”), a leading technology-driven personal finance company in China, today announced that it will release its unaudited financial results for the third quarter ended September 30, 2020, before the open of U.S. markets on Wednesday, December 2, 2020.X Financials’ management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on Wednesday, December 2, 2020 (8:00 PM Beijing / Hong Kong Time on the same day).Dial-in details for the earnings conference call are as follows:United States:1-888-346-8982Hong Kong:852-301-84992Mainland China:4001-201203International:1-412-902-4272Passcode:X FinancialPlease dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call.A replay of the conference call may be accessed by phone at the following numbers until December 9, 2020:United States:1-877-344-7529International:1-412-317-0088Passcode:10150253Additionally, a live and archived webcast of the conference call will be available at http://ir.xiaoyinggroup.com.About X FinancialX Financial (NYSE: XYF) (the “Company”) is a leading technology-driven personal finance company in China focused on meeting the huge demand for credit from individuals and small-to-medium-sized enterprise owners. The Company’s proprietary …

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Bank Applications Get a Coronavirus Boost

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It has been a tough year to be a bank. Plenty of companies want to become one, anyway. Consumer lender Oportun Financial Corp. on Monday filed paperwork to start its own bank in California, joining a wave of firms that have applied for banking licenses during a recession that has punished banks’ core businesses and forced them to set aside tens of billions of dollars to cover soured loans. Ten…

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TechFinancials Announces Investment in RenewSenses

techfinancials announces investment in renewsenses

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Financial technology provider, TechFinancials announced today that it has entered into an investment in RenewSenses, an Israel-based emerging startup focused on medical technology. The startup works on technology solutions for people suffering from visual impairment.According to the official press release shared with Finance Magnates, Techfinancials has invested a sum of about $148,000 in an equity round using the SAFE agreement. The financial technology provider aims to facilitate the young startup to solve real-life problems.RenewSenses is working to introduce technology solutions for people suffering from visual complexities. The company is developing a wearable device to help users detect, locate objects and surroundings with the help of alternative senses.“RenewSenses aims to revolutionize the way people with visual impairment experience the world. The Company develops a wearable device that combines cutting-edge computer vision and vision-to-audio and vision-to-touch sensory substitution methods, enabling users to detect and locate objects, people, and general visual characteristics in their immediate surroundings through alternative senses,” the official press release states.Suggested articlesDeloitte’s Banking Report Forecasts the Future of Social DistancingGo to article >>Role of TechFinancialsRenewSenses is currently developing a product named ‘A.I. Cane’, the new product uses Artificial Intelligence to enable better obstacle avoidance together …

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IceKredit Raises $US33 Million in Series C1 Funding

icekredit raises $us33 million in series c1 funding

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SHANGHAI, Nov. 24, 2020 /PRNewswire/ — Leading AI powered platform for business IceKredit announced the closing of its series C1 round of funding, raising US $33 million, led by Guoxin Venture Investment with participation from Guohe Capital, Yunqi Partners, and China Creation Ventures. The funds will be used for expanding IceKredit’s development team, investments and acquisitions, and improving its business ecosystem.
Founded in 2015, IceKredit is an AI powered platform providing comprehensive risk mitigation solutions to individuals and financial institutions using artificial intelligence technology and big data.
IceKredit provides financial institutions with end-to-end risk mitigation solutions including anti-fraud and improved credit decisions. IceKredit’s key services are its proprietary machine learning algorithms, standard personal and business credit scores, customizable credit risk modeling, and AI powered platform. IceKredit’s latest product, backed by their proprietary knowledge storage, modeling, mining, and analytics techniques, is helping financial institutions mitigate credit risks in the business lending space.
The teams have diverse backgrounds and experiences from companies such as ZestFinance, Lending Club, JP Morgan, Bank of America, Capital One, Discover, GE Capital, Barclays, Kabbage and other industry leaders in finance and technology. With support from two AI Labs and two Research & Development Centers, data scientists and engineers have established top-notch risk …

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IMD Case Study: Ping An’s Rise as a Technology Giant Yields Key Business Lessons

imd case study: ping an’s rise as a technology giant yields key business lessons

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HONG KONG and SHANGHAI, Nov. 23, 2020 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEX: 02318; SSE: 601318) is the subject of a case study published today by the International Institute of Management Development (IMD) in Switzerland for the Group’s transformation from a traditional insurer to a technology disrupter.
“In the Field with Ping An” by Professor Howard Yu and Research Associate Yunfei Feng, traces the evolution of Ping An from a property and casualty insurance company to a “tech giant” that now includes 11 technology companies and an ecosystem strategy that includes financial services, health care, auto and smart cities.
“Ping An Chairman Peter Ma had the foresight to invest in technology early,” said Prof. Yu, the LEGO® Professor of Management and Innovation at IMD. “He saw, before the rest of the traditional financial services industry, that the internet economy was affecting every aspect of people’s lives and he seized the opportunity. Mr. Ma led Ping An to invest aggressively in cloud computing back in 2013, when it was still considered a fringe phenomenon, but the cloud allowed Ping An to develop advanced data analytics, which was an essential step to become the technology-driven company it …

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Sleek Lands $4M For SMB Services Platform

sleek lands $4m for smb services platform

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Financial technology company Sleek has reportedly netted $4 million in venture funding for its efforts to take on the traditional corporate services industry.SEEDS Capital, the investment arm of Enterprise Singapore, led the funding round, which also included MI8 Ltd., a Hong-Kong multifamily office, and investor Pierre Lorinet, an Enterprise Singapore board member.“It has been extremely humbling to experience the growth we’ve seen at Sleek over the last three years, even more so amidst the global pandemic, which has been a growth catalyst for fully digital players like us,” said Julien Labruyere, CEO of the FinTech Sleek. “Ultimately, we envision Sleek to be the go-to digital platform for all entrepreneurs setting up in Singapore, Hong Kong and beyond,” he told the French Chamber of Commerce in Singapore.Labruyere added that the funding “will be used to expand to new markets in Asia and develop digital tools” by offering corporate and financial services aimed at entrepreneurs, investors and small to medium-size businesses (SMBs).Sleek said it strives to offer a wide range of cloud-based services, from company incorporation and ongoing compliance management to digital accounting and tax filing in Singapore and Hong Kong.According to the Enterprise Singapore website, it’ …

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Orange Business Services Teams With AWS

orange business services teams with aws

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Orange Business Services has unveiled a collaboration with Amazon Web Services (AWS) to assist large companies with speeding up their digital transformation and harness the benefits of the cloud to evolve in response to market changes and user requirements, according to a Monday (Nov. 23) announcement.Stefan Kanis, senior vice president of the cloud business unit at Orange Business Services, said in the announcement that the tie-up with AWS lengthens its relationship, increasing its abilities to streamline and speed up clients’ cloud transformations.“Customers appreciate having a combination of our cloud excellence to address their specific needs as well as our global vision with local care,” Kanis said.Orange and AWS will work collaboratively to provide new offerings in the spaces of “modernization and migration, data analytics, innovation and security,” according to the announcement.A “Cloud Center of Excellence” will be constructed on AWS as part of the deal, organizing a collaborative build-out of a comprehensive education and certification initiative for over 3,000 Orange Business Services experts.“Orange Business Services brings a unique set of capabilities across connectivity, design, migration, security and local delivery. Together, we offer a proven digital transformation roadmap to help customers leverage the breadth and depth of AWS …

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