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Bitpanda Digitises Physical Gold and Silver

Vlad Poptamas

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Bitpanda launches gold and silver trading
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Vienna-based fintech Bitpanda launches gold and silver trading for its 1 million users. The new product Bitpanda Metals allows users to securely and conveniently invest in gold and silver and benefit from ultra-low fees. The assets are 100% physically backed, fully insured and stored in a high-security vault inSwitzerland.

  • Users can buy gold and silver to diversify their portfolio
  • Gold and silver are asset-backed by physical gold and silver bars
  • Transparent and low fees
  • Duty-free, 100% insured and safely stored in Switzerland
  • Swap gold and silver with any digital asset on Bitpanda
  • Set up savings plans for regular invests

Bitpanda, the Viennese fintech with around 1 million users and more than 100 employees is adding gold and silver as a new asset class to their trading platform. With Bitpanda Metals the company is introducing the user experience and convenience of buying digital assets to the world of precious metals trading.

Bitpanda partnered with precious metals brokers pro aurum and philoro to securely store the physical underlying of the gold and silver tokens offered by Bitpanda. The physically backed, digitised gold and silver can be traded with the same ease as with other digital assets on the Bitpanda platform. Users can buy small amounts beginning from €1 using a wide variety of payment methods and pay in Euro, Swiss Franc, British Pound or US Dollar. Gold can be bought for no fees no matter the amount (after the launch promo for a low fee of just 0,5%), and stored for a transparent and industry-wide unique storage fee of just 0,0125% per week. Gold and silver holdings are 100% insured. Users can sell anytime they see fit, and they are also able to instantly swap any amount of their gold or silver holdings with Bitcoin and any other available digital asset available on Bitpanda.

“Gold and silver stood the test of time as an asset class, and we are now bringing it to the 21st century. With high transparency, very low fees and the same convenience as for other assets on our platform, we are disrupting the gold trading business. With Bitpanda Metals we allow small investors to buy without having to pay horrendous fees. This is a real game changer,” says Bitpanda CEO Eric Demuth.

To celebrate the launch of Bitpanda Metals, Bitpanda charges no fees on buying gold until 15 June 2019, plus users receive 5 to €200 worth of digitised gold or silver when they invest at least €25 gold or silver on the Bitpanda platform.

 

SOURCE Bitpanda GmbH

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Fintech

Vestmark Honored with Silver Stevie® Award at 2019 American Business Awards® Gala

Vlad Poptamas

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Vestmark is proud to have received the Silver Stevie® Award in the FinTech Solution category as part of the 17th Annual American Business Awards®, in recognition of the VestmarkONE®platform’s recently launched advanced options trading and risk management module.

Mark Peabody, Senior Vice President of Product Management, accepted the award on Vestmark’s behalf at this year’s American Business Awards gala last week at the Marriott Marquis Hotel in New York City.

This options module, available on the VestmarkONE® platform, provides an innovative trading and risk management capability that enables advisors to scale options trading and more efficiently use options strategies across all types of advisory programs.  With this tool, hundreds or even thousands of accounts – across an entire book of business – can be traded at once, without impacting accounts following models, avoiding false rebalancing alerts and model drift notifications.  The module also includes several automated risk management functions to help advisors and firms balance the risk of trading options.  For more details, visit https://www.vestmark.com/solutions/vestmark-one/options-trading-and-risk-management.

Over 3,800 nominations of public, private, for-profit, and non-profit U.S. organizations of all sizes, and from a wide variety of industries, were submitted to American Business Awards® categories this year.  More than 200 professionals worldwide participated in the judging process to select this year’s Stevie Award® winners.  For a full list of 2019 Stevie Award® winners, and to obtain more information about the American Business Awards®, visit https://stevieawards.com/aba.

In selecting the VestmarkONE® platform for its award, the panel of judges lauded the platform as an “impressive product and innovative usage of technology,” and described “VestmarkONE’s New Options Module, one of the best products in its category that allows users to provide options trading across platforms.”

“I commend our teams at Vestmark for their ongoing commitment to developing and enhancing leading edge technology solutions for financial advisors and institutions,” said John Lunny, CEO of Vestmark. “This innovative options trading and risk management module in the VestmarkONE® platform makes it possible to scale the implementation of sophisticated portfolio management strategies for clients and accounts of all sizes.  We are honored that our peers recognize the impact this innovation can have on the wealth management industry.”

 

SOURCE Vestmark

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Blockchain

Wise MPay Partners With Jelurida to Launch Blockchain Financial Services Platform in Southeast Asia

Vlad Poptamas

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Jack Bai and Jelurida team members during their visit to Singapore in November 2018 with the Wise MPay ATMs (PRNewsfoto/Jelurida Swiss SA)
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Singapore-based global payments technology company, Wise MPay, are working with renowned blockchain experts, Jelurida, to launch a public-permissioned blockchain financial services (BFS) platform. With KPMG research showing 27% of Southeast Asians own a bank account while local mobile connections outnumber the population by 33%, the region is ripe for a revolution in access to digital finance. Coalculus is aiming to launch in September 2019 as JPL-compliant software that brings cutting-edge digital payment, remittance, and ATM solutions to governments, banks, and the unbanked of Southeast Asia.

Banks and financial institutions consider blockchain capable of both increasing trust in multi-party centralized ecosystems and increasing the speed, security and efficiency of many traditional banking processes. The Coalculus BFS platform is being built on the time-tested Proof-of-stake (POS) consensus algorithm, ensuring high levels of decentralization, security, scalability and efficiency. Based on a permissioned version of Jelurida’s Ardor technology, Coalculus promises lower costs, faster execution of transactions, improved transparency, auditability of operations, and other advantages that will benefit both financial institutions and unbanked individuals seeking access to digital financial services.

Wise MPay also added end-to-end KYC/AML/CFT processes to its enterprise blockchain solution, value added with internet-of-things (IOT) devices such as prepaid cards and automated teller machines (ATMs). Additionally, Coalculus provides the infrastructure for easily developing, integrating, and adopting mobile applications with built-in tools like QR code generators and standard application programming interfaces (APIs).

Mr Jack Bai, Director of Wise MPay, said, “Our vision for Coalculus is to create a globally-trusted financial transaction facilitation platform, but our initial focus is between ASEAN (Association of Southeast Asian Nations) countries, Hong Kong and Australia. Our framework is a convergence of public and permissioned blockchains developed on the simple idea that organizations should be able to quickly and easily implement new financial services and leverage the benefits of blockchain. This is our USP and this is why we chose Jelurida as our technology provider.”

“We are impressed by the professionalism of the Coalculus team. Wise MPay came to us with more than just a vision,” said Lior Yaffe, Senior Developer and Managing Director of Jelurida. “They keenly understand the different blockchain technologies on the market and have identified opportunities for maximizing the value of their BFS platform. It has been our pleasure to support the team at Wise MPay in making Coalculus a reality.”

 

SOURCE Jelurida Swiss SA

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Artificial Intelligence

Chinsay’s Intelligent Contract Platform Enables Rio Tinto & Cargill to Complete the First Fully Digitalised Iron Ore Trade

Vlad Poptamas

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Photo source: salestechstar.com
Reading Time: 1 minute

 

Chinsay, the leading provider of contract digitalisation solutions in the commodity and freight markets, is announcing today the completion of the first fully digitalised iron ore trade, through a trial achieved in partnership with Rio Tinto and Cargill‘s Metals business on Chinsay’s Intelligent Contract Platform (ICP).

In using ICP, Rio Tinto and Cargill collaborated on a single platform to dramatically reduce the time it takes to create, issue and approve commodity contracts from several days to under two hours. The digitalisation of this fundamental trade process creates the opportunity to automate and deliver post-trade efficiencies by linking front-, middle- and back-office functions.

Colin Hayward, Chinsay CEO, said: “This is a technological milestone for the industry, and we are delighted Rio Tinto and Cargill Metals chose to partner with us and use our ICP as the core technology to create this advance. We are constantly collaborating with clients, market participants, tech vendors and industry consortia to extend digitalisation further along the commodity trade lifecycle.”

“The Intelligent Contract Platform is a great tool that has the potential to benefit the entire ferrous industry,” said Lee Kirk, Managing Director for Cargill’s Metals business. “This is a great example of how we can leverage advancements in technology to benefit from increased speed, transparency and efficiencies that enable us to serve our customers and suppliers better.”

ICP is state-of-the-art technology which allows companies to digitalise pre-trade processes early in the deal lifecycle, creating an agreed contract dataset that can be seamlessly integrated with other operational systems, functions and processes, enabling transparency and traceability across the supply chain.  ICP prepares clients for the use of technologies such as blockchain, ML, AI and electronic trade documentation solutions.

 

SOURCE Chinsay

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