Art exhibit – Dan Harding Art http://danhardingart.com/ Wed, 23 Nov 2022 07:01:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://danhardingart.com/wp-content/uploads/2021/10/icon-120x120.png Art exhibit – Dan Harding Art http://danhardingart.com/ 32 32 Art Center will host an exhibition of Christmas trees | News, Sports, Jobs https://danhardingart.com/art-center-will-host-an-exhibition-of-christmas-trees-news-sports-jobs/ Wed, 23 Nov 2022 05:16:31 +0000 https://danhardingart.com/art-center-will-host-an-exhibition-of-christmas-trees-news-sports-jobs/ This artistic tree is called “Mr. Doodle”. (Photo provided) PARKERSBURG — The Parkersburg Art Center will open on Saturday, November 26 from 10 a.m. to 5 p.m. for the opening of the Artist Tree exhibit and the Holiday Artist Market. There will be free admission, take-out snacks and a craft project […]]]>



This artistic tree is called “Mr. Doodle”. (Photo provided)

PARKERSBURG — The Parkersburg Art Center will open on Saturday, November 26 from 10 a.m. to 5 p.m. for the opening of the Artist Tree exhibit and the Holiday Artist Market.

There will be free admission, take-out snacks and a craft project for the kids.

For the annual Artist Tree exhibit, local artists and school groups come together to imagine what this classic holiday setting would have looked like in the hands of famous and less famous artists.

This is a community celebration of art and creativity that will feature 18 trees with unusual designs and decorations this year. Visitors can contribute a few dollars and vote for their favorite trees, with proceeds helping the Art Center purchase supplies for art classes.

“Kids in kindergarten are so excited about opening on Saturday,” said Jess Carpenter, kindergarten teacher at Criss Elementary. “They told me it was going to be ‘the best day of my life’.”

This tree was inspired by Jeff Koons. (Photo provided)

“First Settlement Physical Therapy is proud to support the Art Center – the best center in the state. Events like the Artist Tree exhibit are proof of that,” said FSPT owner Simon Hargus. “We hope the whole town comes out to experience this unique holiday tradition.”

In addition to the festive decor, there will also be an abundance of original arts and crafts for sale at the PAC 713 Market and the annual Artists’ Market. Candles, purses, jewelry, cards, paintings, decorative boxes, pottery, macrame, stained glass, fused glass, stuffed animals, hats, wood crafts, books and more are featured.

“It’s so fun to see what people in our area are doing. This is just one of the ways the Art Center can support local artists in our community. We keep the gift shop full of gift items and original artwork, so if you can’t come this weekend, please stop by and shop with us later. Shop small. Buy local, said Anna Farson, reception and events manager for the art center.

The art center is located at the corner of Eighth and Market streets in downtown Parkersburg. Regular hours are Tuesday through Saturday from 10 a.m. to 5 p.m. To learn more about events at the Art Center, visit their Facebook page or their website http://www.parkersburgartcenter.org/

This tree is called “The Monolith”. (Photo provided)

Romero Britto inspired this tree called “A New Day”. (Photo provided)

This luminous tree is “The Snowy Day”. (Photo provided)

This tree was inspired by Stewart Davis. (Photo provided)



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These banks were left with the bag in the crypto implosion https://danhardingart.com/these-banks-were-left-with-the-bag-in-the-crypto-implosion/ Tue, 22 Nov 2022 06:11:57 +0000 https://danhardingart.com/these-banks-were-left-with-the-bag-in-the-crypto-implosion/ Comment this story Comment Banks go where the money is. So when a market overextends and subsequently collapses, it’s no surprise that they’re sometimes left with the bag. Crypto is no exception. While the big banks stayed away from what Jamie Dimon called a “decentralized Ponzi scheme,” many smaller lenders saw a profitable niche helping […]]]>

Comment

Banks go where the money is. So when a market overextends and subsequently collapses, it’s no surprise that they’re sometimes left with the bag.

Crypto is no exception. While the big banks stayed away from what Jamie Dimon called a “decentralized Ponzi scheme,” many smaller lenders saw a profitable niche helping service businesses operating in the nascent space. They include Silvergate Capital Corp., Provident Bancorp Inc., Metropolitan Commercial Bank, Signature Bank, and Customers Bancorp Inc., among others. The recent collapse of FTX puts their business in the spotlight.

Silvergate’s relationship with crypto dates back to the early days of digital currency – when the market was largely limited to Bitcoin. CEO Alan Lane was an early believer and wanted to create products to meet the market. “What I saw,” he says, “was an opportunity to bank those businesses that were basically derisking other banks.”

Identifying a disconnect between the 24/7 trading cycle of crypto and the traditional 9-to-5 five-day-a-week banking clock, Lane set up a payment network to provide an interface between the world of dollars and the world of crypto. Its Silvergate Exchange Network (SEN) allows users to move dollars between them so they can settle the fiat side of their crypto transactions any time of the day or night. The network has been used by many major crypto players and surpassed $1 trillion in cumulative payment volumes earlier this year. One client was FTX, whose now-disgraced founder Sam Bankman-Fried was a fan.

“The life of a crypto business can be divided into pre-Silvergate and post-Silvergate,” he said. “It’s hard to overstate how much this has revolutionized banking for blockchain businesses.”

Silvergate has profited from the deposits that digital asset customers have left on its network. At the end of September, these deposits accounted for 90% of the bank’s overall deposit base, amounting to $11.9 billion. The bank reinvested them in securities to earn a margin: its $11.4 billion securities portfolio generated a spread of 2.2% in the three months to September.

The problem now is not only that FTX is gone, but that other clients are going too. Silvergate revealed that FTX accounts for less than 10% of digital asset customer deposits; then, he revealed that average deposits since the start of the quarter had fallen to $9.8 billion. On Friday, crypto-trading platform FalconX sent an email to clients stating, “we will not be using Silvergate’s SEN and cables, effective immediately and until further notice.”

To honor the withdrawals, Silvergate will have to dip into its securities portfolio to raise funds. But rising rates hurt the value of that portfolio — the bank was already sitting on $1 billion in unrealized losses at the end of September. In addition, part of the portfolio ($3.1 billion) is in a held-to-maturity pocket, which accounting standards prohibit him from touching. Silvergate’s market value, which soared to over $4 billion at its 2021 peak from around $200 million at the start of 2020, has fallen back below $1 billion.

Provident has a different kind of exposure to crypto. Founded in 1828, it is one of the oldest banks in the United States, operating for much of its history as a mutual holding company, owned by its depositors. In 2019, the bank demutualized into a stock holding company, leaving it very heavily capitalized as new shares were issued as part of the conversion process. Looking for ways to invest its excess capital, the bank came across crypto. It first launched deposit and cash management services for digital currency customers and, in late 2020, it also rolled out loans. “Old banks are boring,” the company notes in its investor materials.

Provident has issued loans supporting crypto-backed lending, margin trading, and crypto-mining operations. By mid-2022, it had built its crypto-related loan portfolio up to $139 million, or 58% of its equity. But the collapse of digital asset markets has made it difficult to recover some of these loans. The bank delayed filing its third-quarter results to review those loans, saying losses could be as high as $27.5 million, stemming from write-downs on $104 million in crypto-mining loans.

Several other small banks are exposed to crypto. The New York-based Metropolitan Commercial Bank was handling $1.5 billion in digital currency business deposits at the end of 2021, equivalent to about a quarter of its total deposits. One of its main customers was Voyager Digital, whose bankruptcy filing in July forced the Metropolitan Commercial Bank to return deposits to its end users. By the end of September, digital business filings had halved.

For now, some banks say their crypto business is resilient. Signature Bank, also based in New York, has been a repository for deposits linked to digital assets since 2018 and in 2019 launched a payment network like that of Silvergate. It previously offered loans secured by certain types of cryptocurrencies, but is no longer in that market. At the end of September, Signature Bank had $23.5 billion in digital asset deposits on its balance sheet, which represents about a quarter of all of its deposits. About $12.3 billion of the total comes from exchanges, of which FTX forms a slice. Last week, the bank informed investors that the balances were stable.

Bancorp customers, of West Reading, Pa., also said that, for now, balances were stable. It operates a blockchain-based instant payment system using its own unlisted token, CBIT. Last week, deposit balances stood at $1.85 billion, down from $1.9 billion at the end of September.

Bank compliance procedures will certainly come under greater scrutiny. Sam Bankman-Fried indicated that transfers destined for FTX may have been directed to its sister company, Alameda Research. FTX’s new CEO, charged with overseeing its bankruptcy, said he had never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information as what has happened.” is produced here”.

All of this raises a new question for banks that have done business with FTX: Did you know your customer?

More from Bloomberg Opinion:

• Will FTX-type unicorns be the next “Big Short”? : Chris Bryant

• The Quantum Leap of Crypto Retreat for Central Banks: Andy Mukherjee

• FTX hammers more nails into Crypto’s coffin: Lionel Laurent

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

Marc Rubinstein is a former hedge fund manager. He is the author of the weekly financial newsletter Net Interest.

More stories like this are available at bloomberg.com/opinion

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Integrating AI into KYB, KYC can protect your business from cyber fraud https://danhardingart.com/integrating-ai-into-kyb-kyc-can-protect-your-business-from-cyber-fraud/ Sat, 19 Nov 2022 09:19:54 +0000 https://danhardingart.com/integrating-ai-into-kyb-kyc-can-protect-your-business-from-cyber-fraud/ As incidents of harassment, blackmail and harsh clawback practices by China-linked predatory loan apps continue to rise, the Union Home Ministry has called for urgent and strict action from the forces order to stem the threat. Despite RBI regulations, changes in Play Store policies and India’s financial industry adopting several measures to prevent these apps […]]]>

As incidents of harassment, blackmail and harsh clawback practices by China-linked predatory loan apps continue to rise, the Union Home Ministry has called for urgent and strict action from the forces order to stem the threat. Despite RBI regulations, changes in Play Store policies and India’s financial industry adopting several measures to prevent these apps from negatively impacting unsuspecting Indians, more and more citizens, in especially in rural areas, are plagued.

The threat

These “Chinese-controlled” mobile loan apps provide small instant loans at a higher interest rate, ranging from 15-20%. Compared to banks, these apps follow more flexible procedures to verify customers for loan disbursements. Loan amount is instantly transferred to borrowers accounts after approval based on Aadhar and pan cards. The only caveat is full access to the contacts, pictures and video gallery of the applicant’s phone, which may seem like a small price to pay for those in desperate need of money.

But soon borrowers start receiving harassing calls and their private data is compromised. After several cases of harassed borrowers being pushed into self-harm emerged from various states, the ED initiated an investigation under the criminal provisions of the Prevention of Money Laundering Act (PMLA). Recent raids by the Enforcement Branch on payment gateway companies and multiple arrests of perpetrators across the country unequivocally demonstrate the scale of these rackets.

What led to this?

One may wonder how these illegal apps have managed to carry out their activities so far and why these payment gateways have failed to detect the discrepancies. For this, we need to understand how a payment gateway works. To grow exponentially, payment gateways need to integrate as many merchants as possible. While it is mandatory that every merchant be verified before boarding, unscrupulous merchants exploit the urgency of these payment gateways and use underhanded means to circumvent the legal framework.

Before onboarding a merchant, a payment gateway does its due diligence with KYC. Everything is fine for the first few weeks and the “merchants” are making valid transactions. Gradually, they start funneling the illegal money to the authorized trader’s bank account. Given the high volume of transactions, there is not much the payment gateway can do to detect this change. And when detected by the payment gateway detects and reported, fraudsters remain discreet for a period of time before registering with a new merchant ID.

Since the start of the Covid-19 pandemic, the volume of digital payments has exploded exponentially. Therefore, systems and processes must be in place to prevent such fraudulent transactions. Therefore, a solid compliance foundation is essential for every business using Know Your Business (KYB) and Know Your Customers (KYC).

Why is compliance necessary?

For businesses, it can be difficult to make the connection between expansion and fraud prevention. Most companies only adopt strict identity verification procedures if something goes wrong. Knowing if you can trust a potential customer is crucial for any business. Businesses must follow Anti-Money Laundering and Anti-Terrorist Financing (AML/CTF) protocols to ensure safe and secure financial interactions with customers.

Importance of KYB/KYC checks

Before doing business with other organizations, companies should be aware of potential financial abuse by dishonest shareholders, business owners and money launderers. KYB Compliance tracks the financial transactions of companies, businesses, and organizations over time to verify their legitimacy.

KYC focuses on people applying to open accounts at banks, financial institutions, or cryptocurrency exchanges to calculate a risk score. It checks their financial history and past behaviors for signs of financial fraud and illegal activity. Banks and other financial institutions benefit greatly from these risk scores and profiles, designed to help them comply with increasingly stringent AML regulations.

Maintaining KYB and KYC compliance

Compliance checks require validation that official documents are authentic and always up-to-date. For example, these lending apps were operated by Chinese nationals who used fake Indian citizen documents to register legal entities and create merchant IDs and bank accounts. The validity of the business entity can also be assessed by the age of an email id. During investigations, officials also discovered that the fraudulent companies were not operating from addresses provided in official Ministry of Corporate Affairs (MCA) records, many of which were fictitious. Again, these inconsistencies could have been detected through proper workflows that look for anomalies in the content of these documents.

In a KYB workflow, a business can be verified based on PAN and GST, registered address, owners details and date of incorporation. A fraudulent business will have red flags such as recent incorporation date, discrepancies in KYC information, etc.

KYC/KYB and AI

To be fully effective, KYB and KYC must be integrated into workflows beyond simple compliance checks. Businesses should also look for AI solutions to project accurate results. This way, a business can get to know their prospects better, convert customers faster, and grow their business with the proper identity checks in place. Using technology that allows teams to perform real-time KYB/KYC, including monitoring and alerting, allows them to stay constantly on top of vulnerabilities rather than waiting for the next pre-scheduled review. Advanced KYB/KYC platforms already offer the ability to issue alerts triggered by a number of factors, such as a change in a business’s location or operating status. Perpetual monitoring is more effective than periodic manual checks for staying on top of things. Another advantage is that client companies can be onboarded faster, which significantly speeds up the time to revenue creation.

Key points to remember

Organizations must follow KYB and KYC guidelines to identify anyone engaging in illegal tax avoidance and money laundering activities, whether alone or in association with a business. Although they focus on different groups of people, KYB and KYC share the same goal. These compliance checks reduce the frequency of financial crimes while detecting extortion and making financial transactions safer and more accessible worldwide. Incorporating advanced technologies, such as AI, into KYB/KYC procedures is imperative for businesses to stay compliant and filter out fraud.



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The opinions expressed above are those of the author.



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In HBO’s ‘Master Of Light,’ grappling with control of the art world https://danhardingart.com/in-hbos-master-of-light-grappling-with-control-of-the-art-world/ Thu, 17 Nov 2022 22:15:07 +0000 https://danhardingart.com/in-hbos-master-of-light-grappling-with-control-of-the-art-world/ “Master of Light” is streaming on HBO Max and HBO. HBO As an Oscar-winning director, Roger Ross Williams is used to people asking him to take a look at a movie they’ve been working on. He’s a good player and he often agrees, without always expecting anything. When Rosa Ruth Boesten approached Williams at an […]]]>

As an Oscar-winning director, Roger Ross Williams is used to people asking him to take a look at a movie they’ve been working on. He’s a good player and he often agrees, without always expecting anything.

When Rosa Ruth Boesten approached Williams at an event in Amsterdam, he politely agreed to watch a teaser for her movie, a documentary called Master of Light. What he saw blew him away. “I watched the teaser, and it was just the most amazing story,” he says. “It was beautifully shot and powerful, and I had never seen anything like it.”

The Dutch director had filmed the life of classical painter George Anthony Morton. A gifted artist and follower of Dutch masters like Rembrandt, Morton was trying to break into the art world after a 10-year stint in prison for drug trafficking.

Williams has been sold. He called Boesten, they went to lunch, and he asked to produce the film – a big deal for a rookie director. “She started crying,” he recalls. “She couldn’t believe it after struggling for so long to get funding. I brought her to New York, and we had meetings and presented the film at festivals.

The documentary, which debuted on HBO Wednesday and HBO Max last week, hasn’t just entered festivals, it’s cleaned them up. Master of Light received the Grand Jury Prize at SXSW
XSW
, Best Documentary Feature at the San Francisco International Film Festival and Best First Feature at the Sheffield DocFest in the UK. The vulnerability displayed in the film resonated with viewers, something Morton is proud of.

“We didn’t want it to be unrealistic or fake. It shows the honesty of my daily struggles, ultimately wanting to inspire this young George,” the artist says.

Boesten captured Morton’s push to establish himself professionally in the art as well as mend relationships with his family. Part of this healing process was painting his family members in the style of the old Dutch masters. Morton says he sought to show people watching the film a path they could take if they had similar experiences. “I wanted to prevent people from walking into some of the traps I walked into,” he says.

Morton notes that growing up he always felt drawn to art and had a natural talent for painting. But it took him years to realize it was a viable career path. While in a juvenile detention center, he met a math teacher who helped him get his GED.

“She promised that once I got out, she would find me and take me to the museum. And she took me to see a Rembrandt for the first time when I was 16. I wasn’t able to hold on to fine art painting as a professional at the time, but it sparked something in me that would eventually blossom later,” Morton says. “And when I was incarcerated, I saw that as an opportunity that was just brilliantly disguised in that setback.”

Morton has an incredible ability to do that: see setbacks as opportunities. As a black man pursuing a career in a white-dominated industry, he was certainly likely to be discouraged by racism and the doors that remained closed to him. Instead, he prefers to think his efforts will make it easier for the next person of color or incarcerated.

“Access control is only part of our human story. You know, we’re kind of coming out of an old world, maybe old opinions, and I’m so grateful to help us through some of that,” he says. “What I see is that good and bad things often appear together. And so I try not to speak in absolute terms of one thing, you know, but what I hope to ultimately change are those stereotypes that can result from a lack of representation.

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Q&A: How Buy Now, Pay Later Affects Financial Health https://danhardingart.com/qa-how-buy-now-pay-later-affects-financial-health/ Wed, 16 Nov 2022 21:09:52 +0000 https://danhardingart.com/qa-how-buy-now-pay-later-affects-financial-health/ Expert Quotes | UW News Blog November 16, 2022 Buy it now, pay later spending is expected to reach $1 trillion globally by 2025, but little is known about its effects.Pixabay “Buy Now Pay Later” platforms, such as Afterpay and Affirm, provide consumers with near-instant access to credit for retail purchases without a credit check. […]]]>

November 16, 2022

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Wisconsin Museum of Art Hosts Educators Open House https://danhardingart.com/wisconsin-museum-of-art-hosts-educators-open-house/ Tue, 15 Nov 2022 10:10:16 +0000 https://danhardingart.com/wisconsin-museum-of-art-hosts-educators-open-house/ West Bend, WI – The Wisconsin Art Museum is hosting a free open house for educators on Saturday, November 19, offering K-12 educators, administrators, student teachers, and school staff free access to the museum between 10 a.m. and 2 p.m. Educators can come and discover the museum’s offers of visits for young people and educational […]]]>
West Bend, WI – The Wisconsin Art Museum is hosting a free open house for educators on Saturday, November 19, offering K-12 educators, administrators, student teachers, and school staff free access to the museum between 10 a.m. and 2 p.m.

Educators can come and discover the museum’s offers of visits for young people and educational resources, participate in artistic creation projects with the exhibiting artist Barbara Manger and take a guided tour of the exhibition. Magic Wilderness: Forest Dreamscapes at 11 o’clock

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“MOWA is thrilled to provide educators with a day of creative inspiration where they can relax and enjoy programs and activities designed just for them,” said Courtney Hinder, Curator of Youth Education at MOWA.

melting

“As MOWA offers a growing collection of educational resources to help bring Wisconsin art and artists into the classroom, this day aims to provide educators with an outlet to recharge and enjoy art.”

In addition to free admission to the museum on November 19, educators will receive a voucher for a free individual annual membership to MOWA providing unlimited visits to the museum for an entire year for one, including free access to art-making programs , at artist conferences, exhibition openings, etc.

Full event details are available at wisconsinart.org/open-house.

The Wisconsin Art Museum in West Bend is open Wednesday through Sunday, 9:30 a.m. to 4 p.m., and closed Thanksgiving, Christmas Eve, Christmas, and New Year’s Day.

Garden Lounge

The Museum of Wisconsin Art (MOWA) collects and interprets American art through the lens of one state. Informed by dynamic initiatives and collaborations, MOWA is an innovative forum for contemporary artists, socially relevant exhibitions, talks from artists and industry experts, and engaging classes and activities for all ages.

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India FinTech Forum unveils 23 high-potential fintech startups https://danhardingart.com/india-fintech-forum-unveils-23-high-potential-fintech-startups/ Mon, 14 Nov 2022 09:58:49 +0000 https://danhardingart.com/india-fintech-forum-unveils-23-high-potential-fintech-startups/ India FinTech Forum, a non-profit fintech advocacy group representing Indian fintech companies, this month announced 23 fintech startups that will present demos of their innovative products and services to a high-level judging panel. The winning startup will receive the prestigious IFTA Fintech Startup of the Year award on November 30, 2022 during a one-day in-person […]]]>

India FinTech Forum, a non-profit fintech advocacy group representing Indian fintech companies, this month announced 23 fintech startups that will present demos of their innovative products and services to a high-level judging panel.

The winning startup will receive the prestigious IFTA Fintech Startup of the Year award on November 30, 2022 during a one-day in-person conference in Mumbai. In another category, 6 companies incorporated before 2015 will compete for the Fintech Scaleup of the Year award.

Winners of previous IFTA editions have included well-known names like Capital Float, ZestMoney and Simpl. Past IFTA winners have amassed over $4 billion in funding from VCs to date. Nitya Sharma, co-founder and CEO of Simpl and winner of the 2020 Startup Fintech of the Year award, said, “This award is recognition of all the hard work the team has put into creating a new category of payments and of a revolutionary customer experience.

Over 1200 nominations were received for over 20 award categories from countries such as Australia, Bangladesh, Brazil, Georgia, Germany, Hong Kong, Hungary, India, Netherlands, New Zealand, Nigeria, Poland, Portugal, Singapore, Spain, Sweden and the United Arab Emirates. , United Kingdom and United States of America. The pre-selection process was more quantitative than qualitative to ensure an objective jury decision.

The 7th edition of IFTA is supported by leading entities committed to accelerating India’s fintech ecosystem, including Mumbai FinTech Hub, Perfios, Happay, CashRich, Think360.AI, EnKash, Biz2X, Ring, Dhan, JuicyScore, TransUnion CIBIL, Xoxoday and ComplyVantage.

India FinTech Forum is proud to present the following high potential fintech startups for 2022:
1. Arthan Finance ARTH (India): Arthan Finance is a new era LendingTech that strives to transform small businesses through personalized “Fit to Purpose” financial products based on AI and deep learning.
2. BankSathi (India): BankSathi is a new cutting-edge digital advisory platform that enables financial advisors to grow their digital presence and start selling financial goods online.
3. Bimaplan (India): Bimaplan’s integrated insurance platform enables partners to seamlessly provide multiple one-click insurance policies to their customers and deliver an enriched customer experience.
4. Biz2X India (India): Biz2X helps banks manage their large-scale lending operations with improved configurable loan management, service, risk analytics and customer journey.
5. BondEvalue (Singapore): BondEvalue operates BBX, the world’s first split bond exchange. Regulated as a Recognized Market Operator by the Monetary Authority of Singapore, BBX is transforming the bond market globally by enabling investors to transact fractional bonds electronically through partner banks and brokers.
6. CASHe (India): CASHe is a credit-focused financial technology platform that offers a wide range of consumer loan products and services including personal loans, BNPL, line of credit, payment and transfer to millennial employees using its proprietary credit scoring algorithm.
7. Cashfree Payments (India): Cashfree Payments enables businesses in India to perform Payment Collections, Vendor Payments, Salary Payments, Instant Loan Disbursements, E-Commerce Refunds, Claims Processing insurance, expense reimbursements, loyalty and reward payments.
8. CredAble (India): CredAble is India’s largest working capital technology platform, serving the working capital needs of India Inc. which includes large, medium and emerging enterprises, MSMEs and financial institutions.
9. Decentro (India): Decentro is a complete API banking platform where one can select the desired modules, integrate them into the sandbox and launch their product within a few weeks.
10. Financepeer (India): Financepeer specializes in tuition finance which allows educational institutions to efficiently manage their funds by paying the full year tuition fees of the student in advance while parents have the option of reimbursing in easy EMIs.
11. Fintso (India): Fintso is a comprehensive wealth management technology platform focused on providing access to retail investors, specifically the NeXT Billion, by enabling independent financial product providers (IFPPs) to access financial products, digital execution and robo-advisory. Support.
12. Finverv (India): Finverv is a SaaS platform that helps businesses integrate credit into their ecosystem through a simple plug-and-play design, and in turn, diversifies the credit portfolio of credit institutions .
13. GroMo (India): GroMo offers a unique application to its partners so that they can recommend the right financial products to customers. GroMo empowers thousands of micro-entrepreneurs, helping them earn a good income by referring financial products in their network.
14. InsuranceDekho (India): InsuranceDekho is an online platform that allows customers to compare insurance quotes from top insurance companies and purchase the insurance policy that best suits their needs.
15. KYC Hub (India): KYC Hub offers an integrated platform to automate anti-money laundering compliance and customer due diligence using artificial intelligence and data. Their AML transaction solution offers PEP and sanctions screening, blacklist screening and customer profiling functionality.
16. Multipl (India): Multipl offers a unique “Save Now, Pay Later” app through which users can save for future expenses. They get returns from the market and big brands to achieve their goals without debt and at the lowest cost.
17. New Street Technologies (India): New Street Technologies flagship product, MiFiX (Multi-interface Financial eXchange) for the BFSI sector, is a pioneering blockchain-based ecosystem that connects banks, NBFCs and other FIs across seamlessly with their clients, business correspondents and other stakeholders to manage a range of services including origination, KYC, credit bureau referral, underwriting, documentation, account opening, disbursements, collections, reconciliation, reporting, invoicing and settlement.
18. NFTBOOKS (Australia): NFTBOOKS is a platform for posting about books, magazines, paintings, etc. on the blockchain protocol. Using NFT (Non-Fungtible Token) copyright identification technology, it aims to eliminate piracy as much as possible and make products available to readers at very reasonable prices.
19. Pismo Labs (Singapore): Pismo provides an all-in-one processing platform for banking and payments. Their cloud-based platform allows teams to grow quickly and businesses to get started quickly, scaling as they grow to have a wider audience while maintaining high security and availability standards for their digital banking and payment solutions.
20. Progcap (India): Progcap is revolutionizing the way financial access is provided to underserved segments of the Indian retail economy. It uses technology and its unique delivery model to secure credit and provide underbanked semi-urban and rural retailers with access to flexible, collateral-free working capital.
21. Revfin (India): Revfin is a digital lending platform to make lending convenient and accessible to financially excluded people. Its lending platform combines traditional underwriting methods with innovative techniques such as biometrics, psychometrics and gamification.
22. Rupifi (India): Rupifi powers B2B transactions for SMEs. It is India’s first integrated finance company that operates in the B2B payments space through its B2B BNPL product.
23. Tazapay (Singapore): Tazapay is a payment platform for building trust in cross-border trade. It will provide access to various services to trade securely across borders – such as payment protection via escrow, formalization of trade agreements with digitally signed agreements, and counterparty risk assessment.

IFTA is proud to announce the finalists for IFTA Fintech Scaleup of the Year 2022:
1. Chainalysis (USA): Chainalysis offers cryptocurrency investigation and compliance solutions to global law enforcement agencies, regulators and businesses working together to combat illicit crypto activity -change. Backed by Benchmark and other big names in venture capital, Chainalysis builds trust in blockchains.
2. Chargeback Gurus (US): Chargeback Gurus provides end-to-end consumer transaction dispute management to leading brands around the world. Its team of experts offers comprehensive chargeback solutions that prevent and recover a high percentage of chargebacks while reducing the merchant’s exposure to fraud.
3. HyperVerge (India): HyperVerge provides identity verification and fraud detection solutions for businesses that operate in industries like BFSI, crypto, telecom, e-commerce, etc. and has verified over 500 million identities to date. Its AI models lead the market in precision and recall values, fine-tuned for deployments in low-bandwidth environments.
4. Profinch (India): Profinch provides technology solutions that enable financial institutions to be ready for the future. Solutions include consulting services and off-the-shelf products for 360 degree scanning and data transformation.
5. SysArc Infomatix (India): SysArc Infomatix is ​​a leading provider of FinTech software solutions that provides loan automation, funds management and other financial solutions to the lending industry.
6. Valocity Global (New Zealand): Valocity helps lenders around the world validate the value of a property before they can lend money, thanks to the best cloud-based technology and data innovation . It connects the real estate ecosystem using flexible and customizable technology to transform the entire mortgage appraisal process.

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Art, drama and languages ​​to become ‘private school reserve’ as public sector reduces its bite | School funding https://danhardingart.com/art-drama-and-languages-to-become-private-school-reserve-as-public-sector-reduces-its-bite-school-funding/ Sat, 12 Nov 2022 21:53:00 +0000 https://danhardingart.com/art-drama-and-languages-to-become-private-school-reserve-as-public-sector-reduces-its-bite-school-funding/ Subjects such as German, French, art, drama and design technology could soon be closed to many public school students as school leaders say they are being forced to cut classes costly and less popular to address crippling deficits. The vast majority of English state schools expect to be in the red by next school year, […]]]>

Subjects such as German, French, art, drama and design technology could soon be closed to many public school students as school leaders say they are being forced to cut classes costly and less popular to address crippling deficits.

The vast majority of English state schools expect to be in the red by next school year, driven by huge energy bills and an unfunded pay rise for teachers.

Thousands of schools are now planning to lay off teachers and teaching assistants or cut their hours. But unions and headteachers say that with schools forced to increase class sizes, subject choice in secondary schools will suffer as headteachers will scrap lessons that have lower attendance and are less economical to teach.

Geoff Barton, general secretary of the Association of School and College Leaders, said: “The subjects that we have always considered to be culturally very important will increasingly become the preserve of private schools because public schools do not have the ways to teach them.

He told the Observer that subjects which attract fewer pupils at GCSE and A level, including theatre, art, German and French, would all be at risk of being scrapped, as “one teacher for 20 children will no longer be viable “.

Topics like design technology, which is expensive because schools have to buy equipment and classes can’t be large for safety reasons, would also be at risk, he said.

He warned that valuable subjects would quietly disappear. “Heads don’t want to discourage parents by admitting they cut GCSE German because they can’t afford it. But it’s happening.”

Will Teece, Principal of Brookvale Groby Learning Campus, a secondary academy in Leicester, said: “We are certainly looking at our choices after 16 and subjects with small groups and high staff costs which we will have to lose.” He said: ‘You have to have someone in front of the pupils to keep the class sizes going up. I don’t know how schools are going to manage if the halls aren’t big enough.

Subjects for which schools must purchase materials are also at risk. Photograph: April O’Reilly/Alamy

George McMillan, executive director of Harris academy schools in Greenwich and Ockendon in Essex, said: “For A level we are already in a position where for subjects to work financially you need at least 100 students in each age group. Anything that isn’t popular enough can’t run.

He said many schools were already asking staff to teach subjects outside their major due to teacher shortages, and this would increase due to the funding crisis. “Science is often taught by PE teachers; computer science, for which it was difficult to find teachers for many years, is taught by math teachers, often reluctantly,” he said. “If it’s permanent, it becomes soul destroying for the staff and they leave.”

He said academies were terrified of being put under special measures by Ofsted for not delivering a broad enough curriculum, but there was not enough money or staff to do it properly.

He predicted schools would try to save money by replacing a ‘really good experienced teacher’ with someone just starting out.

But he warned that with the number of new trainees starting initial secondary teacher training down 23% this year from 2019, “even finding a first-time teacher is difficult”.

Adam Watt, Deputy Vice-Chancellor and Professor of French at the University of Exeter, said: “If opportunities to develop language skills become the preserve of those who can afford a private education, it will significantly reduce the potential of our future workforce.”

He argued that learning languages ​​like French and German at school teaches young people “communication skills, multitasking, flexibility of thought and, above all, awareness and openness to difference”.

A DfE spokesperson said core funding for schools this year included a £4billion cash boost which will help them deliver a “broad and balanced curriculum”.

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You Need to Understand the FTX Debacle Even If You Have No Crypto Investments https://danhardingart.com/you-need-to-understand-the-ftx-debacle-even-if-you-have-no-crypto-investments/ Fri, 11 Nov 2022 20:12:00 +0000 https://danhardingart.com/you-need-to-understand-the-ftx-debacle-even-if-you-have-no-crypto-investments/ By Philippe van Doorn Also: inflation and the market rebound, the rise of semiconductor stocks and retirement planning The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underscores how important it is for any investor to know the risks they are taking when placing their money with a loosely regulated firm. . FTX and […]]]>

By Philippe van Doorn

Also: inflation and the market rebound, the rise of semiconductor stocks and retirement planning

The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underscores how important it is for any investor to know the risks they are taking when placing their money with a loosely regulated firm. .

FTX and its affiliates filed for bankruptcy on November 11. The company’s founder, Sam Bankman-Fried, resigned as CEO and was replaced by John J. Ray III, an attorney who worked on the bankruptcies of Enron, Nortel Networks, and many other companies.

Bankman-Fried is staying with FTX “to help with an orderly transition,” according to a press release.

Bahamas-based FTX held about $16 billion in client assets, but loaned about $10 billion of those funds to Alameda Research, a trading company also run by Bankman-Fried and headquartered in Hong Kong. , according to a Wall Street Journal report. Alameda, in turn, had lent billions of dollars, with some loans secured by FTT, a cryptocurrency created by FTX, according to a Nov. 2 report from CoinDesk.

FTT’s value plummeted as FTX faced $5 billion in customer withdrawal requests last weekend, which left FTX facing an $8 billion shortfall, according to Bankman -Fried. Binance, the world’s largest crypto exchange, had said it was selling its $500 million in FTT based on reports of FTX lending to Alameda.

In this week’s Distributed Ledger column, Frances Yue summarizes FTX’s collapse, rescue attempts and industry reaction.

Weston Blasi sums up Bankman-Fried’s astonishing claim that he was unaware of FTX’s leverage risk, including an apparent lack of basic financial controls.

More coverage and differing opinions as this story develops:

The rise and fall of Sam Bankman-Fried

Lukas I. Alpert recounts the rapid rise of Sam Bankman-Fried, founder of FTX and Alameda Research, and the instant collapse of his businesses.

More: Crypto billionaire Sam Bankman-Fried’s net worth could drop by more than $13 billion

What does the crypto crash mean for financial markets?

MarketWatch’s Need to Know column is an early morning roundup of the top issues of concern for investors each trading day.

On November 10, as FTX rapidly disintegrated, Thomas H. Kee Jr., CEO of Stock Traders Daily and portfolio manager at Equity Logic, described how a decline in excess liquidity had reversed the rise of crypto -riskier currencies and stocks. He explained how this could play out in the broader stock market.

He also shared the buying opportunities prompted by this year’s declines.

Bitcoin’s volatility may not be as great as you think

Bitcoin itself does not represent the kind of risk that FTX and Alameda Research took in accepting a virtual coin as collateral for billions of dollars in loans. But it sure is volatile.

On Nov. 10, better-than-expected inflation numbers helped push the price of bitcoin up 11% to $17,524. But then bitcoin fell 6% early Friday to $16,527. At that time, bitcoin was down 64% from the end of 2021. Yet it was up 150% from five years earlier.

So how volatile is bitcoin? Mark Hulbert’s conclusion may surprise you.

What’s really going on with inflation?

Investors were delighted after inflation figures for October came in below expectations, sending broad equity indices up on November 10.

As usual, the devil is in the details. Here is a set of more in-depth reviews of inflation data:

How to handle company stocks if you lose your job

It’s an uncertain time, even for the biggest tech companies that had been steadily increasing their workforces for years.

This week, Meta Platforms (META), Facebook’s parent company, began laying off about 11,000 workers. Amazon.com (AMZN) is looking at spending on unprofitable units. The biggest business expense is still the employees.

Often, when an employee is shown the door, they still hold options on their former employer’s stock. Here’s how to handle this situation if it happens to you.

Semiconductor stocks may have started to rebound

The iShares Semiconductor (SOXX) ETF tracks the PHLX Semiconductor Index by holding shares of 30 major manufacturers of computer chips or related hardware. The ETF is down 45% from 2022 to October 14, but up 23% from there, including a 10% increase on November 10.

The post-CPI euphoria may turn out to be just another bear market rally, but SOXX is now trading at 16.7 times consensus-weighted forward earnings estimates among analysts polled by FactSet. This is below the PER of 17.3 for the S&P 500 – this may still be a good point for long-term investors to acquire semiconductor stocks at attractive prices.

Michael Brush favors this qualitative approach in the selection of semiconductor stocks.

Related:Semiconductor stocks have rebounded from 2022 lows – and analysts expect at least a 28% rise next year

Tips for sorting out your finances before retirement

You may have worked hard, saved, and invested for your retirement, but unwittingly created a messy mess that can be difficult to manage? Alessandra Malito has tips on how to organize your finances for retirement.

Continue reading:

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-Philip van Doorn

 

(END) Dow Jones Newswire

11-11-22 1512ET

Copyright (c) 2022 Dow Jones & Company, Inc.

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Art Hounds Recommends the Irresistible Rhythms of Taiko Drums and Jazz Guitar https://danhardingart.com/art-hounds-recommends-the-irresistible-rhythms-of-taiko-drums-and-jazz-guitar/ Thu, 10 Nov 2022 10:00:00 +0000 https://danhardingart.com/art-hounds-recommends-the-irresistible-rhythms-of-taiko-drums-and-jazz-guitar/ Passionate about art and culture, St. Paul’s Tommy Sar recommends watching the screening of a new documentary centered on women and non-binary people in Taiko drumming. Filmed in Minnesota and Japan, “Finding Her Beat” makes its national premiere this weekend during the Sound Unseen Film Festival. For centuries, only men were allowed to participate in […]]]>

Passionate about art and culture, St. Paul’s Tommy Sar recommends watching the screening of a new documentary centered on women and non-binary people in Taiko drumming. Filmed in Minnesota and Japan, “Finding Her Beat” makes its national premiere this weekend during the Sound Unseen Film Festival.

For centuries, only men were allowed to participate in the traditional Japanese art form of Taiko drumming. This has changed in recent years. Sar recalls when the artists gathered at the Ordway Center for the Performing Arts in St. Paul several years ago, which is featured in the film. Sar called the performers’ Taiko travel documentary “moving and powerful,” with high-energy performances.

The first screening of the film on Friday is sold out, but there is a second screening on Sunday at 8:15 p.m. at the Parkway Theater in Minneapolis. Virtual tickets are also available.


Amateur guitarist Chuck House of St. Paul plans to attend the next concert in the Minnesota Guitar Society’s new Jazz and Fingerstyle Guitar Concert Series. Tuesday’s concert features two talented local guitar duos playing hot club jazz.

At 6 p.m., Red Hot Django Peppers duo Ryan Picone and Jose Betanzos show off the intricate fingering and driving rhythms of the late Roma guitarist Django Reinhardt. Famous for his improvisations, Reinhardt did not write his compositions. Instead, this Twin Cities duo will perform a mix of original arrangements and pieces adopted from recordings by Reinhardt and his fans.

From 7 p.m. to 9 p.m., guitarists Pavel Jany and Dean Harrington take the stage with a variety of styles including swing.

Before you continue reading, take a moment to donate to MPR News. Your financial support ensures that factual and reliable information and context remain accessible to all.

The event is free, but seating is limited at the MetroNOME Brewery in St. Paul.


As an artist from southwestern Minnesota, Dawson’s Lucy Tokheim witnessed the ripple effect of Franz Allbert Richter’s long career in nearby Clarkfield. Richter, who recently turned 80, worked closely with Minnesota poets Robert Bly and Bill Holm, creating designs from many of Bly’s books during the Seventies Press period.

A collection of pencil drawings and clay folk figures by Franz Allbert Richter, titled “A Life in Art”, is housed at Madison Mercantile, which has gallery space, in Madison, Minn. The show opens Thursday at 7 p.m., when Pioneer PBS will be interviewing fans of Richter’s work for a “Postcards” episode that will air next year. The work will be visible throughout the month of November.

Tokheim notes that many of Richter’s drawings from the 1970s and 80s were completed at a time when good fine art photography was rare, making it difficult to preserve copies of original drawings. She says bringing together even a portion of Richter’s work is a great opportunity.

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