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Cloudvirga Wins Best Rate Referrals Award for Best Technology at 2019 Power Originator Awards

Vlad Poptamas

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Cloudvirga announced today that it has been selected as the winner for the Best Rate Referrals Award for Best Technology at the inaugural Power Originator Summit organized by Mortgage Professional America (MPA). MPA is the mortgage and finance industry’s most trusted source of news, opinion and analysis, with more than 100,000 readers and subscribers who voted to select finalists in four categories. Winners were chosen for their exemplary services, high performance and industry best practices.

“It is an honor to be recognized with this award as we continue to reinvent the loan origination process and provide a single, unifi­ed experience for Loan Officers through our innovative technologies,” said Cloudvirga Chief Product Officer Tim Von Kaenel. “In today’s competitive purchase market, it is imperative that lenders are equipped with the right tools to reduce costs while increasing efficiency.”

Over 500 attendees flew in from around the nation to attend the Power Originator Summit and witness the live announcement of award winners, who were carefully selected by an expert judging panel following the nominations process.

“There couldn’t be a better line-up of winners and finalists,” said Chris Anderson, Project Director. “We’re proud to acknowledge the stellar achievements of those in the mortgage industry and give them the recognition they so richly deserve. We’re already looking ahead to the next Power Originator Summit and Awards in 2020, and we can’t wait to do it all over again!”

The Cloudvirga digital POS engine delivers a dramatically simplified mortgage loan process for consumers and a robust workflow to empower the lender much earlier in the loan process. The service is available in enterprise, consumer and broker configurations to provide the most seamless and cost-effective experience in the industry.

 

SOURCE Cloudvirga

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Artificial Intelligence

Artificial Solutions Wipes the Board with Four Podium Positions in Stevie 2019 International Business Awards Including Most Innovative Tech Company of the Year

Vlad Poptamas

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Photo source: aithority.com
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Artificial Solutions® (www.artificial-solutions.com), the leading specialist in enterprise-strength Conversational AI, announced today it has won awards in four Stevie® 2019 International Business Awards that were announced earlier today. The company was a Silver Stevie Winner in the prestigious Most Innovative Tech Company of the Year, Software Development Solution of the Year, and Artificial Intelligence/Machine Learning Solution of the Year. It was also a Bronze Stevie Winner in the IoT Analytics Solution category of the Awards.

The Stevie Awards are the world’s premier business awards. They were created in 2002 to honor and generate public recognition of the achievements and positive contributions of organizations and working professionals worldwide. In short order the Stevie has become one of the world’s most coveted prizes. The International Business Awards® (IBA) are open to all organizations worldwide: large and small, public and private, for-profit and non profit and attracted over 4000 entries.

“Recognition in any award is an honor. To win four International Stevies in four key tech-categories, including the highly contested Most Innovative Tech Company of the Year is amazing and a massive endorsement of the whole team at Artificial Solutions who have worked so hard to make Teneo an industry-leading solution,” comments Andy Peart, CMSO of Artificial Solutions.

Stevie Award winners were determined by the average scores of more than 250 executives worldwide who participated in the judging process from May through early August.

Most Innovative Tech Company of the Year recognizes overall achievement in product innovation. Artificial Solutions entry included the wide range of advanced enhancements made to Teneo in the last 12 months that has raised the bar for other conversational AI platforms. Judges commented that Teneo’s hybrid approach and broad support linguistic and lexical factors is truly impressive and that the company really streamlines the digital transformation journey using the sophisticated AI platform.

Teneo Developers, launched earlier this year, was honored for the best tool or resources for designing, creating or testing software applications. Judges for the Software Development Solution category commented that Visual UI platform to solve the problem of conversational UI is interesting. The problem being solved here could have very high returns.

Teneo’s revolutionary hybrid approach was awarded in the Artificial Intelligence/ Machine Learning category that recognizes solutions that enable computer-based systems to exhibit intelligent behavior in complex situations to solve problems, communicate with people, and perceive and interact with the physical world. Judges commented: Very impressed with how they combined classical ML with advanced NLP. Their use cases are great, and they managed to solve real and practical problems for companies.

The IoT Analytics Solution category recognized Teneo as one of the best applications for measuring and transforming Internet of Things (IoT) data into business intelligence. Judges commented that it showed Innovative use of cutting-edge technology and was a feature rich analytics solution while adhering data privacy laws.

The International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. The 2019 IBAs received entries from organizations in 74 nations and territories.

Nicknamed the Stevies for the Greek word for “crowned,” the awards will be presented to winners at a gala awards banquet at the ANDAZ Hotel am Belvedere, Vienna, Austria on 19 October.

 

SOURCE Artificial Solutions International AB

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Blockchain

MEDSiS Announces the Launch of “Maxwell” Stablecoin in Brazil, Making it the Second Country and Currency Added to Their Global Ecosystem Within Two Weeks

Vlad Poptamas

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Maxwell Stablecoin, one of the largest cryptocurrencies ever launched.
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In the same week that MEDSiS announced the official advancement of their Maxwell stablecoin in Argentina with their partner WTIA, a second country now officially comes on board toward their global strategy.  With current contracts in Brazil that include more than 10 million individuals immediately, and with plans to incorporate Maxwell as the backing of future contracts into South America’s largest country, Maxwell now adds a second currency to its portfolio and secures itself as one of the largest cryptocurrencies ever launched. In addition, MEDSiS has plans to announce a US partnership, as well as three more countries in Central and South America.

“We’ve been fortunate to have a team and partnerships in Brazil that have weathered the storm and the delays that it’s taken us to get to this point. Our partners in CLASP have been amazing, and it’s finally time that we’ll be able to fully honor the commitments that have been long standing.”
–  Dax Cabrera, CEO of MEDSiS

Though Brazil has not fully endorsed cryptocurrency as an investment mechanism, what Maxwell is bringing to its customers is quite different than the conventional “cryptocurrency”.  Using a stablecoin model, Maxwell will be an added value to the Brazilian customers in which they will automatically be able to participate and take part in a regulated and secured portal to the global economy.

MEDSiS’ Brazil contracts are based on large-scale payment programs, tied to pre-paid payment cards branded by Visa or Mastercard for benefits and other types of government or individual spending. The inclusion of Maxwell provides stability and one issued coin to every customer that registers and begins using the payments platform.  The integration with the multi-currency payments platform, provided by Rijndlepay, is the engine to which the payments can be processed, and the fiat and blockchain based currencies create a regulated ecosystem which will provide consumers with trust and additional incentives to use the program.

“Rijndlpay’s vision is to enable real-time transactions and settlement between all the stakeholders of any payment ecosystem with any currency, be it fiat or crypto or cross border remittances. The platform can scale to about 15,000 transactions per second. We have developed on hybrid technology that can scale to any model that customers and compliance demands of each country.”
–  States Mitish Chitnavis, architect and CEO of Rijndlepay

As one of the newest Unicorn companies in the FinTech space, MEDSiS’ investments will bring their current contracts to date and be able to provide new jobs, new sources of revenue, and stability in the payments platform.

“The MEDSiS platform will usher in a new era of business management and intelligence for our largest Brazilian customer, CLASP,” says MEDSiS co-founder and chairman of the board, Patrick Mulcahy. “Our platform paves a technological highway to access the most advanced business intelligence and security available today and in the future.  And by building it into the financial platform framework of our contracts, we expect our ecosystem will set a new standard for the payments industry.”

In a time of economic uncertainty, MEDSiS and the Maxwell stablecoin currency are stepping up in at least two major markets to be the first wide-scale blockchain currency applied to both public and private contracts.  MEDSiS is currently partnered with CiaGroup in Brazil for card issuance, and is expanding their partnerships to include and absorb other licensed financial entities, setting a new, highly regulated and secure model for the rest of the Americas.

 

SOURCE MEDSiS International

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Blockchain

Blox Survey Indicates Few Crypto Investors Accurately Disclose Assets to Tax Authorities

Vlad Poptamas

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Blox.io, an industry-leading platform for crypto accounting, management and tracking, has released new research on the challenges faced by crypto holders and CPAs when accurately reporting to regulators. The report, titled “The Crypto CPA Insights Report,” is one of the first in-depth looks at the nascent crypto accounting industry, compiling insights from CPAs on the current hurdles that both individuals and businesses face when tracking and managing digital assets. As the Internal Revenue Service (IRS) begins to crack down, the Blox report suggests that only 5% of CPAs believe their clients – both businesses and individuals – are able to accurately or completely disclose assets and transactions for tax reporting.

However, this lack of disclosure may or may not be wilful, as 98% of the CPAs surveyed stated that missing or inaccurate data was the number one crypto accounting mistake. In addition, almost all stated that a lack of understanding of crypto tax rules was a key challenge, and that more government regulation and guidance was needed to direct prudent clients trying to do the right thing.

Sharon Yip, Founder of Crypto Tax Advisors, said: “If a business created 1,000 transactions per day, to 100 different wallet addresses, for 30 different departments, organizing and searching for those transactions is a needle in a haystack scenario. Relying on exchanges is also a dangerous game. Some only track a few months of transactions, while some shut down completely, leaving investors with no historical records of their transactions. This makes calculating profit and loss almost impossible, and could even lead to legal repercussions.”

CPA respondents also pointed to the lack of access to automated crypto accounting software and limited knowledge about the available crypto software solutions as a key challenge when helping their clients (89%).

Alon Muroch, CEO of Blox, said: “This is an entirely new industry and most investors and CPAs are still learning the ropes. One of the biggest problems is the lack of infrastructure. The more mainstream crypto transactions become, the more smart tracking and management tools become imperative. Human error can have serious implications. It comes as no surprise that most CPAs identified technology as a key component for the future of crypto accounting.”

The report shows 93% of crypto CPAs believe there will be smarter solutions and software in the not-too-distant future, while 81% specifically pointed to the need for increased automation for accurate record keeping and to establish best practices.

Education and policy were also revealed as two key areas for future growth, with 96% of respondents believing that more official rules and guidelines are around the corner, and 72% identifying the need for further education on crypto accounting, best practices, and technological solutions.

 

SOURCE Blox.io

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