Day: August 15, 2022

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Feedzai together with Lloyds Banking Group recognized as a Aite-Novarica Group 2022 Fraud Impact Award Winner

  • Feedzai’s RiskOps Platform recognized for their work with with Lloyds Banking Group in Best Transaction Fraud Monitoring and Decisioning Innovation category
  • The global award highlights how Feedzai’s patented innovation increased protection for banking customers against scams, and significantly lowered risk and fraud losses

SAN MATEO, Calif. and LISBON, Portugal, Aug. 15, 2022 (GLOBE NEWSWIRE) — Feedzai, the world’s first RiskOps platform for financial risk management has been named Best Transaction Fraud Monitoring and Decisioning Innovation in the Aite-Novarica Group 2022 Fraud Impact Innovation Awards. The award highlights how Feedzai empowers the bank’s data scientists to protect customers from scams and other fraud using a patented algorithm and providing a 360-degree entity view of payment risk. Due to its proficiency in mitigating fraud risk, Feedzai’s patent innovation is helping many financial institutions including Lloyds Banking Group, one of the largest retail banks in the world.

According to recent reports, financial crime has been on the rise since the COVID-19 pandemic began and large numbers of people have turned online for their banking activities. In the U.S., the impact of identity fraud last year was $52 billion in financial loss, affecting 42 million consumer victims (Javelin Research). In the U.K., authorized push payment scams reached £355 million in the first half of 2021, a year-on-year increase of 70 percent.

“Today’s fraud scams are increasingly hard to stop by traditional solutions because the transactions involve genuine customers on their actual devices, at their usual IP,” said Pedro Barata, Chief Product Officer Feedzai. “Lloyds Banking Group and Feedzai have pioneered an approach that utilizes all available data across multiple channels to make fair fraud risk decisions in milliseconds, based on an individual’s specific details and activities, not one that is dependent on generalized customer groupings.”

Feedzai RiskOps Platform has been proven to increase protection for banking customers against scams. The innovation and technical strengths of the solution contributed to the award win, as they provide customers with tangible benefits, including:

  • Financial crime risk mitigation – Higher detection rates and lower false-positives help protect banks and their customers from the costly and distressing experience of fraud and scams.
  • Enhanced user experience – reduces friction for good customers and lowers the number of unnecessary contacts with analysts and call centers.
  • Operational efficiency – Keeps intervention rates low and ensures a less complex system through model-driven as well as rule-driven systems.

“Organized crime continues to attack financial services firms and consumers, always finding new and clever ways to circumvent their defenses. Legacy approaches are less effective at keeping pace with, and adapting to, the escalating threat landscape,” says Chuck Subrt, Fraud & AML Practice Director at Aite-Novarica Group. “Fraud and AML executives recognize the imperative for more innovative tools that can drive meaningful intelligence, smarter decision-making, and better outcomes,” he explains.

For more information about Feedzai RiskOps Platform, go to: https://feedzai.com/riskops#riskops_platform

Feedzai will be honored at an awards presentation at Aite-Novarica Group’s Fifth Annual Financial Crime Forum in Charlotte, NC on September 19th.

About the Aite-Novarica Group 2022 Fraud Impact Innovation Awards: The Fraud & AML Impact Innovation awards honors organizations with innovations that are bringing the financial services industry one step closer to triumphing over fraud, money laundering, and other illicit activity. The winners were evaluated by a panel of internal Aite-Novarica Group advisors and external industry experts drawn from financial institutions and the media. Evaluation criteria include level of innovation, competitive advantage, market needs/drivers, impact and value, and future roadmap.

About Aite-Novarica Group:

Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.

About Lloyds Banking Group:
Lloyds Banking Group is a financial services group focused on retail and commercial customers – with millions of customers in the UK, and a presence in nearly every community. Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

About Feedzai:
Feedzai is the world’s first RiskOps platform, and the market leader in safeguarding global commerce with today’s most advanced cloud-based risk management platform, powered by machine learning and artificial intelligence. Feedzai is securing the transition to a cashless world while enabling digital trust in every transaction and payment type. The world’s largest banks, processors, and retailers trust Feedzai to protect trillions of dollars and manage risk while improving the customer experience for everyday users, without compromising privacy. Feedzai is a Series D company and has raised $282M to date. With a valuation of +$1.5B, the company’s technology protects 900 million people in 190 countries. For more information, visit feedzai.com

Press Contact – Feedzai
pr@feedzai.com

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TMC Secures $30M Investment on Path to Commercial Seafloor Nodule Production

  • Private investment in public equity (PIPE) financing secured primarily through existing TMC shareholders and insiders
  • The transaction includes an aggregate of $30.4 million in commitments to purchase common shares at US$0.80 per share

NEW YORK, Aug. 15, 2022 (GLOBE NEWSWIRE) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today announced a committed PIPE financing which is expected to result in US$30.4 million of gross proceeds (approximately $30M net proceeds) through the issuance of approximately 38.0 million common shares. A majority of the committed funds are from existing TMC shareholders and insiders, including Allseas, ERAS Capital (the family office of TMC Director Andrei Karkar), SAF Group Managing Partner and entrepreneur Brian Paes-Braga, Front End Chairman & CEO Majid Alghaslan, and TMC Chairman & CEO Gerard Barron (who purchased common shares at $0.9645 per share based on the consolidated closing bid price of the common shares on August 11, 2022) and his family. In total, approximately 70% of the commitments came from existing TMC shareholders and insiders. The Company believes that the full proceeds from this transaction expected this quarter plus existing cash will be sufficient to fund operations for at least the next twelve months, past the July 2023 date targeted by the International Seabed Authority (ISA) as the date for the final adoption of the exploitation regulations for the industry.

“I appreciate the ongoing support from our existing shareholders and welcome new shareholders to TMC,” said Gerard Barron, CEO and Chairman of TMC. “While we continue to see strong tailwinds in critical mineral demand and prices as well as increased efforts by countries and companies to shore up supply chains for EV battery metals, our pre-production company is not immune to inflation particularly in our offshore costs. We believe this infusion of capital helps to ensure that we can continue to hit our milestones leading up to the expected submission of our NORI-D exploitation application to the ISA.”

Last month TMC announced that its Australian subsidiary, The Metals Company Australia Pty Ltd., had entered into a research funding agreement with a consortium of institutions led by Australia’s Commonwealth Scientific Industrial Research Organisation (CSIRO) to create a framework for the development of an ecosystem-based environmental management and monitoring plan (EMMP). Earlier this year the Company and its strategic partner, Allseas, announced successful wet-test commissioning of the pilot nodule collection system — including the nodule riser and collector vehicle — in the Atlantic Ocean.

As previously announced, TMC will host a conference call today, Monday, August 15, 2022 at 4:30 pm ET, to provide an update on second quarter financial results and recent corporate developments, including the PIPE financing.

EAS Advisors LLC, acting through Odeon Capital Group LLC, member of FINRA/SIPC/MSRB/NFA, acted as placement agent on the PIPE financing.

The securities described above have not been registered under the Securities Act of 1933, as amended. Accordingly, these securities may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. TMC has agreed to file a registration statement with the Securities and Exchange Commission registering the resale of the common shares issuable in this private placement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About The Metals Company

The Metals Company is an explorer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the clean energy transition with the least possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy. The company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga. More information about The Metals Company is available at www.metals.co.

More Info
Media | media@metals.co
Investors | investors@metals.co

Forward Looking Statements

Certain statements made in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, including related to the expected proceeds from the PIPE financing, how long TMC’s cash and proceeds from the PIPE financing will fund operations, the timing of ISA actions and TMC’s submission of an exploitation application. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside TMC’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: TMC’s successful completion of the PIPE financing and receipt of all expected proceeds thereform; TMC’s ability to obtain exploitation contracts for its areas in the CCZ; regulatory uncertainties and the impact of government regulation and political instability on TMC’s resource activities; changes to any of the laws, rules, regulations or policies to which TMC is subject; the impact of extensive and costly environmental requirements on TMC’s operations; environmental liabilities; the impact of polymetallic nodule collection on biodiversity in the CCZ and recovery rates of impacted ecosystems; TMC’s ability to develop minerals in sufficient grade or quantities to justify commercial operations; the lack of development of seafloor polymetallic nodule deposit; TMC’s ability to successfully enter into binding agreements with each of Allseas and Epsilon Carbon; uncertainty in the estimates for mineral resource calculations from certain contract areas and for the grade and quality of polymetallic nodule deposits; risks associated with natural hazards; uncertainty with respect to the specialized treatment and processing of polymetallic nodules that TMC may recover; risks associated with collective, development and processing operations, including with respect to the proposed plant in India and Allseas’ expected development efforts; fluctuations in transportation costs; fluctuations in metals prices; testing and manufacturing of equipment; risks associated with TMC’s limited operating history; the impact of the COVID-19 pandemic; risks associated with TMC’s intellectual property; and other risks and uncertainties, including those under Item 1A “Risk Factors” in TMC’s Annual Report on Form 10-K for the year ended December 31, 2021, filed by TMC with the Securities and Exchange Commission (“SEC”) on March 25, 2022, and in TMC’s other future filings with the SEC. TMC cautions that the foregoing list of factors is not exclusive, including TMC’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 when filed with the SEC. TMC cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. TMC does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based except as required by law.

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nCino Announces Timing of its Second Quarter Fiscal Year 2023 Financial Results Conference Call

WILMINGTON, N.C., Aug. 15, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, will report financial results for its second quarter ended July 31, 2022, after the market close on Thursday, September 1, 2022. nCino will host a conference call and webcast that day at 4:30 p.m. ET to discuss its financial results.

Event: nCino’s Second Quarter Fiscal Year 2023 Financial Results Conference Call
Date and Time: Thursday, September 1, 2022 at 4:30 p.m. ET
Webcast Link: https://investor.ncino.com/
Replay: A webcast replay will be available on the Investor Relations section of nCino’s website following the call. 

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,750 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.

INVESTOR CONTACT
JoAnn Horne
Market Street Partners
+1 415.445.3240
jhorne@marketstreetpartners.com

MEDIA CONTACT
Kathryn Cook, nCino
+1 919.691.4206
kathryn.cook@ncino.com

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Stevie® Awards Announce Winners in 19th Annual International Business Awards® from Across the Globe

3,700 Nominations Were Submitted from Organizations in 67 Nations

International Business Awards Winners

High-achieving organizations and executives around the world have been recognized as Gold, Silver, and Bronze Stevie® Award winners in The 19th Annual International Business Awards®.

FAIRFAX, Va., Aug. 15, 2022 (GLOBE NEWSWIRE) — High-achieving organizations and executives around the world have been recognized as Gold, Silver, and Bronze Stevie® Award winners in The 19th Annual International Business Awards®, the world’s only international, all-encompassing business awards program.

Winners were selected from more than 3,700 nominations submitted by organizations in 67 nations.

A complete list of all 2022 Gold, Silver and Bronze Stevie Award winners by category is available at www.StevieAwards.com/IBA.

More than 300 executives worldwide participated on 11 juries to determine the Stevie winners.

The top winner of Gold, Silver, and Bronze Stevie Awards is HALKBANK of Istanbul, Turkey with 32. Other winners of multiple Stevie Awards include IBM Corporation (21), LLYC (20), Deutsche Post DHL (19), Abu Dhabi Ports Group (17), Viettel Group (17), OPET (15), Telkom Indonesia (13), ZER (13), Ayala Land Inc. (12), Ooredoo (12), Globe Telecom (10), PJ Lhuillier, Inc (PJLI) (10), Enerjisa Enerji (9), Wolters Kluwer (9), Strategic Public Relations Group (8), pH7 Communications (8), Tata Consultancy Services Inc. (8), Adfactors PR (8), Jeunesse Global (7), Bank of Montreal, (6), Canadian Tire Corporation (6), HeyMo The Experience Design Company (6), Octopus Energy (6), Sleepm Global Inc. (6), VUMI Group (6), and VNPT VinaPhone Corporation (6).

IBM, a multinational technology corporation headquartered in Armonk, NY USA won nine Gold Stevie Awards, more than any other organization in the competition.

All organizations worldwide are eligible to compete in the IBAs, and may submit nominations in a wide range of categories for achievement in management, marketing, public relations, customer service, human resources, new products and services, technology, web sites, apps, events, and more.

The awards will be presented during a gala event in London, England on October 15, 2022.

About the Stevie® Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Marketing Contact
Nina Moore
Nina@StevieAwards.com
+1 (703) 547-8389

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bea1d991-4f7d-41b6-bce7-4ba3619ac4ab

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CBI Index 2022: CS Global Partners reports that Caribbean nations eyeing top positions

London, Aug. 15, 2022 (GLOBE NEWSWIRE) — The CBI Index which is a yearly report that compares citizenship by investment programmes by ranking their performances and desirability is due for release later this week. The index ranks programmes through nine pillars of excellence that measures their overall performance and appeal.

Released yearly by the Financial Times’ PWM Magazine, the CBI Index rating system uses a wide range of indicators to measure how well global citizenship by investment (CBI) programmes work and how appealing they are. Its goal is to provide a rigorous and systematic way to evaluate programmes and make it easier for people to take informed choices about economic citizenship.

The 2021 CBI Index featured fourteen countries from around the world, with five from the Caribbean region: Antigua and Barbuda, Dominica, Grenada, Saint Lucia and St Kitts and Nevis. The index also featured nine countries from Europe, Africa, the Middle East and Asia, including Austria, Bulgaria, Cambodia, Egypt, Jordan, Malta, Montenegro, Turkey and Vanuatu. The Caribbean region are pioneers of the CBI industry, with St Kitts and Nevis launching the world’s first citizenship by investment programme in 1984.

Since the launch of the CBI Index in 2017, the Commonwealth of Dominica has been topping the charts and is regarded as one of the world’s leading citizenship by investment programmes. The Dominica CBI has continued to post exceptional scores for each of the nine pillars. Launched in 1993, it is the second oldest CBI programme in the world, with the government utilising the inflow of revenue to mitigate the impact of climate change and natural disasters.

In the 2021 CBI Index, Dominica scored a maximum score of ten in five out of the nine pillars, while scoring a solid nine in the citizenship timeline pillar. The minimum investment outlay, mandatory travel, ease of the process, due diligence, family, and certainty of product pillars showed the performance of the Dominica CBI, which scored a final score of 80.  There are speculations that Dominica might emerge as the best CBI programme this year.

St Kitts and Nevis made its debut in the top rankings in the 2021 CBI Index and claimed the top position as the most popular and number one citizenship by investment programme. Over the years, the programme has increased the scope of its definition of a dependant by including siblings of the main applicant or spouse (provided they are 30 years or younger, unmarried, childless and financially dependent on the main applicant). The programme also scored a total of 80 points in the final results and was the leader in the pillars of mandatory travel, citizenship timeline, due diligence, and family and scored a nine in the certainty of product.

The Citizenship  Investment Programme (CIP) of Saint Lucia, launched in 2016 and the newest in the Caribbean region ranked fourth in the 2021 CBI Index, is also striving to make its mark in the 2022 Index report. Last year, Saint Lucia’s total score was 74.  The Saint Lucia CIP scored high in the pillar of minimum investment outlay, mandatory travel, citizenship timeline and ease of the process while scoring seven points in the pillar of due diligence and freedom of movement and six in the certainty of product and standard of living.  It also became the first country to score one point higher in the standard of living pillar in the 2021 report.

With Saint Lucia’s change of leadership, it is expected that the programme will enter the top three in the 2022 CBI Index Report as the new administration has been working hard to re-brand the programme in an attempt to position itself amongst the world’s leading programmes.

The CBI Index utilises official sources and publications from several institutions with the highest international standings, as well as specialised information from CBI industry experts to conduct its research. The points are awarded after thorough evaluation of evidence, data and the letter of the law. All programmes are ranked based on the nine pillars below:

  • Freedom of Movement
  • Standard of Living
  • Minimum Investment Outlay
  • Mandatory Travel or Residence
  • Citizenship Timeline
  • Ease of Processing
  • Due Diligence
  • Family
  • Certainty of Product

James McKay who heads up the research for the report believes that the CBI Index has established itself as the industry’s resource for a high-level, data-driven, impartial appraisal of available CBI programmes that help investors and their families to stay informed about investment decisions in a rapidly changing world.

Citizenship experts around the world eagerly await the results of the 2022 CBI Index which is expected to be released later this week. The Dominica and St Kitts and Nevis CBI programmes are expected to retain their top rankings with the Saint Lucia CIP making a steady upward climb through the rankings.

In a world where the notion of traditional citizenship is blurring, people are looking for more options to expand their boundaries. In such situations, citizenship by investment programmes help with portfolio diversification and successful applicants receive citizenship for life that are not based on where the person chooses to live.

As more programmes emerge, due diligence remains the utmost priority for these countries. Dominica and St Kitts and Nevis are recognised for having vigorous due diligence procedures utilising reputable due diligence agencies based in the UK and USA. All applicants and their dependants over the age of 16 undergo multi-layered background checks conducted by the world’s leading government and private agencies. The CBI Index report understands the gravity of due diligence and also evaluates programmes based on global safety and security. In recent years, family inclusiveness has become a critical factor which CBI nations can utilise to enhance the integrity of their offerings allowing them to move closer to harmonised due diligence standards.

CS Global Partners PR
CS Global Partners
+27 82 821 5664
nandi.canning@csglobalpartners.com
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