Search Results for: fintech

SYDNEY, June 22, 2022 /PRNewswire/ — A B2B FinTech business established in Australia, CashD is redefining pay cycles, by enabling businesses to empower their workers to choose how and when they get paid. By bringing together banking, payroll, and finance, CashD is a solution to traditional pay cycles that do not suit the on-demand needs of today’s workers. As a B2B business, CashD works directly with employers to promote financial fairness and freedom for their employees.

Eitan Neishlos

Marcus Lasarow

With inflation around the world increasing rapidly, CashD, cofounded by Marcus Lasarow, is enabling employees to get paid whenever it suits them, without having to wait for the end of the month. The company and its app are revolutionizing how companies pay employee salaries with the potential to dramatically impact the way in which we approach financial wellness, and planning. 

The company has recently brought in UAE based fintech investor and entrepreneur, Eitan Neishlos, as a principal investor. Neishlos joins the company with an impressive track record of socially responsible investment, and is supporting the startups’ goal of aiding employees to access wages as earned and avoid high interest payday loans. 

CashD believes that when an employee earns money, they should have access to their money in real-time. While there are some existing perceived solutions to this problem, CashD is unlike any lender or bank. An employee can view their available balance and instantly withdraw at any time during the pay cycle, receiving the funds directly to their bank account or directly pay bills. It’s not a loan, it’s their cash.

CashD has already made tremendous inroads in the Australian market. Today, hundreds of thousands of employees at dozens of leading companies have the ability to utilize their salary as it is earned. 

CashD’s co-founder and CEO, Marcus Lasarow, “With inflation soaring, this type of financial flexibility is crucial. While this is a great step towards modernization in the way we approach salary and payroll, it is in reality a return to the values of enabling employees to have access to their wages as earned, using innovation to make this possible in today’s world.”

New principal investor, Eitan Neishlos noted, “I share CashD’s commitment to innovation geared towards having positive social impact.  Their goal of empowering employees around the globe to have better financial wellbeing has the potential to revolutionize individual financial planning and credit. In this current environment, it has never been more important.”

For more information, please contact Ya’ara Hames-Ezra at yaara@number10strategies.com

BEIJING, June 21, 2022 /PRNewswire/ – Infobird Co., Ltd (NASDAQ: IFBD) (“Infobird” or the “Company”), a leading provider of AI-powered customer engagement solutions in China, today announced that it has entered into a cooperation agreement with a leading global Fintech service provider. Under this agreement, Infobird will leverage its AI Chatbots and years of experience in the financial industry to provide strong support for the client’s digital and intelligent customer engagement. The cooperation marks another important milestone for Infobird, as it expects to continue to win significant new customer business in its strategic industries.

In an era that focuses on efficiency and effectiveness, Fintech companies are increasingly seeking to leverage intelligent solutions to better reach and contact their customers. The traditional method of connecting with customers through human customer service agents can be both ineffective and quite costly. This is especially true when companies have a large customer base, where difficulties of efficient customer management and the associated personnel costs can increase significantly. Infobird’s AI voice/text Chatbot products can support many client scenarios, including notification, customer marketing, customer activation, customer satisfaction surveys and etc. At the same time, during the implementation of specific solutions, Infobird’s business consultants can also help clients design processes that are more suitable for customer engagement scenarios with the goal of truly integrating its solutions into the operations of the customer to maximize the effect of its AI applications.

Over the years, Infobird’s AI voice/text Chatbots have served many clients in different industries, covering finance, healthcare, technology services, and corporate services. The Company has accumulated years of operational and industry experience. In the financial sector, Infobird has gained deep know-how of the actual business scenarios of the industry and provided customers with business result-oriented solutions. In terms of product capabilities, Infobird’s AI voice/text Chatbots are capable of not only single-round simple Q&As, but also multi-round dialogues. This allows the AI Chatbots to be more “human-like” in the actual work and therefore provide better user experiences for clients. In addition, Infobird can provide a seamless experience for the human customer service agent via Chatbot’s cooperation, with AI Chatbots first communicating with customers and then, if necessary, transferring certain calls to the human agents for further services.

As a leading AI SaaS customer engagement service provider in China, Infobird’s intelligent product portfolio covers scenarios in both customer engagement and sales force management. In the future, Infobird plans to continue to optimize the Company’s product capabilities in intelligent products such as AI voice/text Chatbots, and build more first-hand customer engagement experiences in different industries and provide greater value to the Company’s clients.

About Infobird Co., Ltd

Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered, or artificial intelligence-enabled, customer engagement solutions in China. For more information, visit Infobird’s website at www.Infobird.com.

Forward-Looking Statements 

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “will, “future,” “expects,” “believes,” and “intends,” or similar expressions, are intended to identify forward-looking statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events, results, conditions or performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date they are made. In evaluating such statements, investors and prospective investors should review carefully various risks and uncertainties and other matters identified in the Company’s filings with the U.S. Securities and Exchange Commission. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

SINGAPORE, June 20, 2022 /PRNewswire/ — Dragonfly has won a place in the final round of the third G20 TechSprint global challenge. This year’s challenge focuses on central bank digital currency (CBDC) following Saudi’s 2020 RegTech and SupTech, and Italy’s 2021 Green Finance. This year’s competition is held as part of Indonesia’s G20 presidency which will culminate in the G20 Heads of State and Government Summit to be held in Bali in November 2022.

The G20 TechSprint global competition which is jointly organized by Bank Indonesia and Bank of International Settlement Innovation Hub focuses on the development and showcasing of retail and wholesale CBDC as a viable solution in three core areas: issuance, wholesale, retail, and distribution of CBDC; financial inclusion through the use of CBDC; and CBDC as an improved means of interoperability among participating sovereign payment systems.

“We are honored that we have been chosen as a finalist in the issuance, wholesale, retail, and distribution of the CBDC segment. We are about serving the future unmet needs of the industry with innovative blockchain powered solutions. This growth opportunity allows us to illustrate how Dragonfly simplifies digital banking covering the entire spectrum from monetary policy making to wholesale, settlement, and retail distribution in an interoperable system,” comments Lon Wong, Founder and CEO of Singapore-based Dragonfly Fintech.

Dragonfly is also excited about the increased visibility on the world stage as a cutting-edge Asian fintech leader first conceptualized in 2015, and is rapidly expanding its footprint worldwide to engage and support other central banks in making their CBDC vision a reality.

About Dragonfly Fintech

Dragonfly Fintech is an innovative fintech solution provider utilizing the ProximaX blockchain protocol to address clients’ unmet digital needs in the banking and capital markets, advancing the nascent neobanking and CBDC globally. Tomorrow’s banking, today!

For more information, please visit www.dfintech.com