Tag Archives: digital

Swiss digital private bank startup, Alpian, raised $ 18 million | Instant News

Alpian, Switzerland’s first mass-market digital private bank, has raised US $ 18 million in its Series B funding round

Alpian, which is incubated by Swiss banking group Reyl & Cie, plans to launch this year – subject to a full banking license from the Swiss Financial Market Supervisory Authority.

This startup is targeting a sizeable demographic in Switzerland – those with investable assets of between CHF100,000 and CHF1 million.

The company plans to persuade these mass wealthy clients by using a combination of machine intelligence and human advisors to create a unique portfolio aligned with personal “preferences, beliefs, philosophies and goals.”

In addition to the core personal banking offering, each account will come with a debit card and a multi-currency account. Alpian also invests in the creation of educational content on financial matters through its recently launched i-vest platform.

Schuyler Weiss, CEO, Alpian, said: “While the Series A fundraiser was aimed at building a digital bank, the Series B fundraising was intended to be used in principle to launch the bank on the Swiss market.

“This approach ensures that Alpian will be in a strong position to provide the best possible service to its customers by the end of this year subject to the issuance of a full banking license by Finma.”


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Commerzbank will lay off 1,700 jobs in Germany | Instant News

Commerzbank will cut 1,700 jobs in Germany under a voluntary redundancy program due to be completed by the end of the year.

The cuts mark the start of a three-year cost reduction program announced in January that will result in 10,000 job losses and the closure of 340 branches by 2024.

The bank, which employs nearly 50,000 people worldwide, said that one in every three jobs in its home market in Germany would be lost while its 790 branch network would be reduced to 450.

Following negotiations with union leaders, Commerzbank will offer workers a voluntary termination agreement starting July 2021.

“The voluntary program is an important step in reducing the number of staff required,” commented Sabine Schmittroth, a board member in charge of the group’s human resources. “We are quickly providing instruments that will reduce the cost base in the coming year.”

In the first quarter of 2021, the bank will post restructuring fees totaling around € 470 million to cover program costs.


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78 percent of Ehsaas digital surveys completed: Dr. Sania Nishtar | Instant News

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) for Social Security and Poverty Alleviation Dr Sania Nishtar on Friday said that Ehsaas’ digital survey will cover every corner of the country until June 2021 for proper identification of the poor, under the umbrella of the Ehsaas Program.

“More than 78 percent of the Ehsaas Program’s digital surveys have been completed to date to enroll underprivileged people to bring them into the social safety net,” he said in an interview with the PTV news channel.

SAPM promises that Ehsaas’ digital survey process will be impartial and merit-based without any political influence, according to Prime Minister Imran Khan’s vision. He urged the media to play their role in creating mass awareness about the survey, adding that the registration of new beneficiaries was dependent on data from the new survey.

Regarding the one-window facility to be eligible under the Ehsaas Program, he said the operation would be inaugurated this year, adding that the Center would facilitate beneficiaries to get information about all Ehsaas benefits and services available to them in one place. The first ‘One Window Ehsaas Center’ opens in Islamabad, which will be a one-stop shop that will integrate all Ehsaas programs under one roof, he added.

SAPM said single window operations centers will also be established in other major cities, which will help Ehsaas Program beneficiaries, in addition to reducing the possibility of duplication. He said the Ehsaas Program was the government’s major poverty alleviation initiative under the vision of PM Imran Khan, which brought positive changes in the lives of the poor and deserving.

He said the government had launched more than 140 programs, policies and initiatives for 14 different mass categories under the Ehsaas Program including the very poor, orphans, widows, homeless, unemployed, poor peasants, laborers, sick people, who are at risk of medical impoverishment. , those who are malnourished, students from low-income backgrounds and poor women and the elderly.

He said that the prime minister just wanted everyone in the country to have enough food and shelter, adding that the prime minister had launched various ‘arrows’ programs. [shelter homes] and ‘Koi Bhokha Na Soye’ [No one should sleep hungry] for the homeless, which has now opened across the country. The government is exerting maximum efforts and resources to bring about positive change in society and ensure the welfare of the poor, he added.


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Railsbank is launched in Australia in collaboration with Volt | Instant News

Railsbank’s embedded finance platform has been launched in Australia in partnership with digital challenger bank Volt.

Under the partnership, Railsbank will leverage the banking platform and infrastructure as Volt services to distribute products such as bank accounts, cards and payment solutions to Australian consumers.

Volt will in turn leverage Railsbank’s global network of partner brands to build on a broader BaaS offering that will enable companies to prototype, launch and scale financial products across a variety of use cases.

Nigel Verdon, co-founder and CEO of Railsbank, said: “This deal has a personal resonance for me because one of my ancestors, Sir George Verdon, was general manager and founder of ANZ Bank, so it’s great to be back in Australia again. “

Railsbank is headquartered in the UK and has offices in Singapore, Philippines, Malaysia, Vietnam, Sri Lanka, USA, Germany and Lithuania.

In November 2020, Railsbank raised US $ 37 million to support global growth and product expansion. The deal with the Volt is seen as a launch pad for a more expansive play across Asia, with a view to deepening its footprint in Japan, the Philippines, Thailand and Vietnam later this year.

“Working closely with Volt gives us access to local knowledge and capabilities to help us succeed,” said Justin Xiao, COO of Railsbank, Asia Pacific. “This is a significant partnership for Railsbank as we continue global expansion and strengthen our foothold in the Asia Pacific.”


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Digital PS5 owners will be able to use DVDs with this add-on | Instant News

Digital PS5 owners will be able to use DVD with this add-on (
Screenshot of Amazon’s official website

Now, PS5 owners will be provided with a way to use the disc with the addition of a specific device. As we all know, Nasne is a headless TV tuner and DVR that can stream video to Playstation or even mobile devices.

DVD expansion device

Although Microsoft’s elimination of live TV shows in OneGuide is beneficial to Xbox One, Sony’s earlier efforts to bring live TV shows and DVR functions to PlayStation are now making a comeback. As early as 2010, Sony actually launched a live TV tuner for the previous PS3 (called Torne), and finally launched the new Nasne.

Nasne is a combination device that is said to be able to mix the tuner with the built-in hard drive and support streaming media. Then, it finally supported the next PS4, but it died anyway.

PlayStation DVD added

according to Engadget’s story, Nasne has finally returned and is now produced by another company called Buffalo. However, it still has the same functions and services as the headless DVR unit, which can introduce TV streaming so that people can watch it on their PlayStation console or even mobile devices.

Now, the product page shows that, along with the upgraded built-in storage, it is now able to support a huge 6TB external storage. This means that users will be able to combine multiple units to record multiple channels at once.

Please also read: After the wife found out that this was not an air purifier, the man was forced to sell a new PS5

Nasne DVD device

There is now an available booking page at Amazon of Japan The price of a specific device is 29,800 yen (approximately US$273), with a standard 2TB storage space. Apps that support PS5 are now also expected to be launched at the end of 2021. According to reports, the new software will not do anything for its own design, which could have been matched with the previous PS3.

Although the PlayStation 5 is difficult to buy, those who already own a PS5 can still enjoy the classic DVDs that they may already have after adding this new device. Although most movies and shows are still played online, adding this device can revive the old DVD in the corner.

Although most programs are watched online, there are still some people who like to watch their favorite programs on DVD without interruption, even without an Internet connection. Although the 5G Internet connection has not yet fully realized its potential, because the provider is still building a strong 5G network, those who still want to watch their programs without interruption can watch their programs on DVDs with poor Internet conditions.

related articles: PS5 download speed tips and checklist: how to increase download speed

This article belongs to “Technology Times”

Written by Urian Buenconsejo

Ⓒ2018 TECHTIMES.com reserves all rights. Do not copy without permission.


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