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Finastra recognized as a global Fintech leader for second year running

Vlad Poptamas

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Finastra has been named a global power seller in banking platform deals for the second year running. The research, “Don’t Select Banking Software Without Understanding The State Of The Banking Platform Market, by Forrester’s, Jost Hoppermann,” celebrates 104 new name deals for Finastra for last year, and 273 extended business deals. Separately, the firm has topped the IBS Intelligence Sales League Table as the overall global leader two years in a row. The dual recognition demonstrates Finastra’s growing leadership position across the breadth of the financial services space.

The Forrester research evaluates deals signed in 2018 for banking platform solutions. New named deals indicate how well a vendor can expand its market footprint by attracting new customers.

Report author, Jost Hoppermann, Vice President, Principal Analyst at Forrester wrote, “In the past, the functionality banks purchased indicated that they saw digital banking as limited to digital channels. While many banks are still at risk of becoming a victim of the ‘Potemkin effect’, 2018’s functional buying patterns show increasing interest in end-to-end digital banking. Established banking platform vendors tend to be more transparent than core banking Fintechs when it comes to market success and solution capabilities.”

Separately, Finastra has also been named overall global leading vendor by IBS Intelligence. Leading the Sales League Table for 2019, the company also scooped the top spot in several sub-categories:

  • Overall US leader (across all products)
  • #1 for US lending
  • #1 for US digital banking and channels
  • #1 for US payments and card management

Simon Paris, CEO at Finastra said, “These two awards are a wonderful recognition for our Product and Field teams, with these significant industry accolades celebrating the breadth and depth of our solutions. Even more of note, in the last 12 months, Finastra has taken three financial institutions live every single day – making us incredibly proud to be recognized by both analysts and to see the pace and scale in the adoption of Finastra software. We look forward to accelerating on our path, especially as we make all our core systems across banking, lending, payments, trade finance, treasury, capital markets and more, available via open APIs and the FusionFabric.cloud platform for open innovation.”

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Fintech

Credorax Partners With Cisco to Boost Payments Gateway to the Next Level

Vlad Poptamas

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Today, Credorax announced that it has partnered with Cisco to upgrade its data-center network’s capabilities, capacity and latency. The agreement enables Credorax to adopt Cisco’s advanced data-center networking technology, including an automation, visibility and management system. Credorax has also agreed to beta-test Cisco’s advanced and future monitoring and management products.

Credorax’s system is already considered one of the fastest in the world with its cutting-edge high throughput, low latency, and multi-continent redundancy, and Cisco’s technology will allow Credorax to push the envelope even further in terms of decreasing transaction latency and increasing throughput. Cisco’s software solution for centralized management and monitoring of network components will play a significant role in Credorax’s solutions, simplify their roll-out of new products and reduce ongoing cost of ownership.

As a licensed merchant acquiring bank, Credorax helps merchants accept payments easily with its recently launched Source gateway. The platform offers telecom-grade (99.999%) availability for processing payments as well as a host of payments products and services, including cards and alternative payment methods, hosted payment pages, advanced KYC screening, smart fraud solutions, and sophisticated business intelligence and data tools.

Cisco is at the forefront in building the network platform that can now deliver a connected, autonomous, and programmable digital platform for Credorax customers.

Cisco-Israel General Manager, Oren Sagi said about the collaboration: “Cisco is committed to do its utmost to provide its customers with the most innovative technologies while maintaining uncompromising quality. We are excited to collaborate with Credorax and help them develop the fastest and most reliable payments gateway possible. I am confident that this project is the first milestone for a successful cooperation between the two companies.”

Moshe Selfin, Credorax CTO & COO stated: “We’re thrilled join forces with Cisco. We have always strived to provide best-class service to our customers, and are confident that by incorporating Cisco’s network platform for data capacity and processing speed into our NextGen payments and acquiring platform, we are offering our merchants the best technology on the market.”

In an era of demanding customers and changing expectations, e-commerce merchants simply can’t survive without the best-in-class cross-border payments processing capabilities. Being both a technology company and an acquiring bank, Credorax has built a full suite of NextGen products and services to help merchants grow their business online. And now with Cisco’s support, Credorax has augmented its offering even further.

 

SOURCE Credorax

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U.S. CBD Sales to Grow to $23.7 Billion in Just Five Years

Vlad Poptamas

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Photo source: colorado.edu
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Cannabis has quickly become one of the fastest growing industries we’ve seen in quite some time.  With Canada legalizing recreational cannabis in 2018, and a growing number of U.S. states approving its recreational and, or medicinal use, sales are just beginning to tick higher.  However, within that industry, the CBD industry is just beginning to boom.  In fact, a report from Brightfield Group says CBD sales could explode to $23.7 billion by 2023 – a five-year compound annual growth rate (CAGR) of 100%. “The bulk of this growth is coming from large retailers like CVS, Walgreens, and Kroger entering the market and providing that availability to consumers,” says Brightfield Managing Director, Bethany Gomez.  That’s opening a wide range of opportunity for companies including The Yield Growth Corp. (CSE:BOSS) (OTCQB:BOSQF), SLANG Worldwide Inc. (CSE:SLNG)(OTCPK:SLGWF), Green Thumb Industries Inc. (CSE:GTII)(OTCQX:GTBIF), Harvest Health & Recreation Inc. (CSE:HARV)(OTCQX:HTHHF), and Origin House (CSE:OH)(OTCQX:ORHOF).

The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. announced it has formed an alliance with ParcelPal Technology Inc. for same day and on demand delivery of hemp-based cosmetics.  This initiative between Yield Growth and ParcelPal will commence in Vancouver, and it is expected that additional cities will be rapidly added to this distribution network across CanadaUrban Juve’s customers will be able to purchase through Urban Juve’s website (www.urbanjuve.com) and ParcelPal will create an exclusive marketplace applications.  President and CEO of The Yield Growth Corp. Penny Green states “This new agreement is part of our continued efforts to serve our customers as seamlessly as possible,” says Penny Green, CEO of Yield Growth. “ParcelPal is a great service, and our partnership will lay the groundwork for us to eventually offer same-day delivery service for pain management cannabis topicals and other cannabis products in jurisdictions where they’re legal.”  For more information on BOSS, please visit:  https://yieldgrowth.com/

Other cannabis-related developments from around the markets include:

SLANG Worldwide Inc. (CSE:SLNG)(OTCPK:SLGWF) announced that its RESERVE line of vaporizer cartridges is now on sale in the State of Florida through Trulieve Cannabis Corp. RESERVE is the first SLANG product to be offered in Florida under its strategic partnership with Trulieve announced in February 2019. As Florida’s largest fully integrated medical cannabis company, Trulieve is offering RESERVE at all 29 of its licensed dispensaries across the state. “Our Trulieve relationship is off to a great start. This product launch is an important milestone, and the first of many we look forward to reaching in Florida,” said Peter Miller, CEO of SLANG. “We expect RESERVE to be very well received in Florida by medical cannabis patients who are seeking a strain-specific, repeatable experience at an affordable price.” “Expanding patient access to high-quality, natural relief in safe, reliable, and innovative forms is an important factor in deciding who we partner with and what products we offer to patients. Our partnership with SLANG allows us to continue providing patients with an expanded variety of high-quality medication,” said Kim Rivers, CEO of Trulieve. “We know patients in Florida will benefit greatly from their award-winning products.”

Green Thumb Industries Inc. (CSE:GTII)(OTCQX:GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise and Essence retail stores, announced it will open its fourth retail location in FloridaRise Oviedo, the community’s first cannabis store, on July 9, 2019. This is GTI’s 26th open location in the country.  Rise Deerfield Beach, Rise Pinellas Park and Rise Bonita Springs all opened earlier this year, and GTI has a retail footprint for up to 35 stores throughout Florida. The company owns and operates a manufacturing facility in Homestead where it cultivates and produces GTI’s branded cannabis products including Rhythm and The Feel Collection. “We are honored to be the first company to provide access to medical cannabis in Oviedo and to help Floridians exercise their right to wellness,” said GTI Founder and Chief Executive Officer Ben Kovler. “Our Rise™ stores provide exceptional customer care and we’re thrilled to serve the people of Oviedo and surrounding communities.”

Harvest Health & Recreation Inc. (CSE:HARV)(OTCQX:HTHHF) announced it will open its

compassion center, Harvest of Williston, for qualifying patients and caregivers today. Solidifying Harvest’s presence in the state, the North Dakota Department of Health (NDDoH) Division of Medical Marijuana previously awarded Harvest two medical dispensary locations, for the Williston location and an upcoming compassion center in Bismarck. Harvest, known for top operational standards, best-in-class experiences and products and expert teams in developing trusted, quality-driven retail stores with a focus on bettering the community, received the highest score on its application in Williston. Harvest of Williston, located at 120 26th Street East, Unit #500, will operate under North Dakota Century Code and offer products direct from registered North Dakota manufacturing facilities under the Medical Marijuana Program. “We are proud to bring our expertise to North Dakota and deliver on our promise to provide patients across the country with high-quality medicinal products and expert staff,” said Harvest CEO Steve White. “We share North Dakota’scommitment and dedication to only allowing the highest standards of operations in the state. We are thrilled to partner with them to open Williston and for our upcoming Bismarck location.”

Origin House (CSE:OH)(OTCQX:ORHOF) and Trichome Financial Corp. are pleased to announce that each of 22 Capital and Trichome Financial have received unanimous approval from their respective shareholders for their announced amalgamation under the provisions of the Business Corporations Act (Ontario) that will result in a reverse take-over of 22 Capital by the shareholders of Trichome Financial.  The Transaction, if completed, will constitute 22 Capital’s “Qualifying Transaction” as such term is defined in Policy 2.4 of the TSX Venture Exchange.  Currently a subsidiary of CannaRoyalty Corp. d/b/a Origin House, Trichome Financial is a private corporation. Each of Trichome Financial and Origin House exists under the laws of the Province of Ontario.  The Transaction is being undertaken pursuant to the terms and conditions of the amalgamation agreement between 22 Capital and Trichome Financial dated November 13, 2018, as amended January 30, 2019April 5, 2019 and May 27, 2019.  Final approval of the Transaction is subject to the fulfillment of certain conditions set out in the Exchange’s conditional listing approval letter in respect of the Transaction.  Trichome Financial expects to satisfy such conditions, including the closing of its subscription receipts financing, on or before August 9, 2019.

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM expects to be compensated twenty-five hundred dollars for news coverage of the current press release issued by The Yield Growth Corp. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

SOURCE FinancialNewsMedia.com

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Cannabis

Digipath CEO Todd Denkin Interviewed by CEO Roadshow

Vlad Poptamas

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Digipath, Inc. (OTCQB: DIGP) (“DIGP” or the “Company”), a service-oriented independent testing laboratory, data analytics and formulation firm focused on the developing cannabis and hemp markets, is pleased to announce that Company CEO Todd Denkin was recently interviewed by CEO Roadshow with veteran journalist Mike Elliott.

In this interview, Denkin discusses the Company’s recent provisional patent applications involving terpene technology. He also discusses Digipath’s newest business unit, GroSciences and the molecular assay it has developed to distinguish hemp from drug-type cannabis, and the status of the Company’s expansion into Colombia.

“It’s always a pleasure to sit down with Mr. Elliott, who is a true professional with a significant following,” stated Todd Denkin, CEO, Digipath Inc. “In this interview we covered some of the more exciting things happening for Digipath and its shareholders. “Please take a moment to listen to the interview at http://ceoroadshow.com/digipath-interview/,” added Denkin.

 

SOURCE Digipath, Inc.

 

 

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