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Prodigy Finance Establishes another $350 Million Facility for International Masters Students with Citi, Schroders Capital, and SCIO Capital

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10 months ago

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LONDON, July 21, 2023 /PRNewswire/ — Prodigy Finance, a social impact driven FinTech and a leading international student loan lender, is proud to announce a $350 million facility with Citi, Schroders Capital and SCIO Capital. This is the first transaction that Prodigy has closed under their new multi-issuance special purpose vehicle structure.
The joint initiative between Prodigy Finance and their funding partners represents a significant commitment to providing accessible financial support to aspiring masters students from around the world. To date, Prodigy has funded over $1.8 billion in postgraduate education loans to more than 35,000 high-potential students from over 100 different countries.
According to 2022 market intelligence firm HolonIQ, a ‘most likely’ scenario will see around 8 million internationally mobile students register in foreign institutions by 2030 – and in line with this finding, the $350 million facility will be dedicated to financing international masters students, allowing them to bridge their financial gaps and pursue their educational aspirations with confidence.
As of 2022, 86% of Prodigy Finance’s borrowers hail from emerging markets, while 67% are first-generation students. With this facility, Prodigy Finance aims to further democratise access to education, fostering a diverse and inclusive academic environment that celebrates talent from every corner of the globe across a variety of degree programmes. Notably, Prodigy Finance saw a rise of 97% in applications submitted for financing in STEM degrees in 2022, compared to 2021.
By offering competitive interest rates and flexible repayment options, the facility aims to make pursuing a master’s degree more financially viable for deserving students, who will be able to apply for finance to fund more than 5,000 courses across the fields of computer science, information systems, analytics, engineering management and more in 19 countries – including Prodigy Finance’s recent expansion of approved courses in Australian universities.
“We are thrilled to secure this facility from Citi, Schroders Capital and SCIO Capital, which we will deploy to enable international masters students to unlock their full potential,” said Neha Sethi, CFO at Prodigy Finance. “Education is a catalyst for societal progress, and we believe that financial barriers should not hinder anyone’s pursuit of knowledge. Through this initiative, we are committed to empowering students to realise their dreams and contribute meaningfully to the world.”
“We are pleased to continue our financing relationship with Prodigy,” said Michelle Russell-Dowe, Global Head of Securitized Product & Asset-Based Finance at Schroders Capital. “As access to credit globally becomes more scarce we appreciate the opportunity to find attractive investments facilitating education, and we are happy to complete our second financing with Prodigy in this area.”
“SCIO is excited to continue to support Prodigy Finance’s journey and their important mission of providing equal access to life changing education around the globe,” said Jason Harris, CRO at SCIO Capital.
To learn more about this transformative initiative, please visit Prodigy Finance’s social impact page.
About Prodigy Finance
Founded in 2007, Prodigy Finance is an international student lender that has helped over 35,000 international masters students attend the world’s top universities. To date, Prodigy Finance has disbursed over $1.8 billion in funding to students from more than 150 countries.
Prodigy Finance is fueled by impact investors, and other private qualified entities who invest in tomorrow’s leaders whilst earning a financial and social return. Prodigy Finance’s borderless lending model enables students to apply for a loan based on their future earning potential and not just their current circumstances and credit history.
Schroders Capital
Schroders Capital provides investors with access to a broad range of private asset investment opportunities, portfolio building blocks and customised private asset strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private asset mandates.
The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity. 
With $90.6 billion (£75.3 billion; €84.8 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).
*Assets under management as of 31 December 2022 (including non-fee earning dry powder and in-house cross holdings).
Schroders plc
Founded in 1804, Schroders is one of Europe’s largest independent investment management firms by assets under management. As at 31 December 2022, assets under management were £737.5 billion (€831.3 billion; $887.2 billion). The founding family remain a core shareholder, holding approximately 48% of the firm’s voting shares. Schroders has continued to deliver strong financial results. It has a market capitalisation of circa £7 billion and employs over 6,100 people across 38 locations.
Schroders has benefited from the most diverse business model of any UK asset manager by geography, by asset class and by client type. Schroders offers innovative products and solutions across their five business areas of solutions; institutional; mutual funds; private assets & alternatives; and wealth management. Clients include insurance companies, pension schemes, sovereign wealth funds, endowments and foundations. They also manage assets for end clients as part of their relationships with distributors, financial advisers and online platforms. Schroders’ Wealth Management offering reflects their strategic ambition to provide wealth management and financial planning services to clients across the wealth spectrum.
Schroders’ strategic aims are to grow their asset management business, build closer relationships with end clients and expand their private assets and alternatives business. Schroders’ purpose is to provide excellent investment performance to clients through active management. The business channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders’ business philosophy is based on the belief that if they deliver for clients, they deliver for Shareholders and other stakeholders.
Further information about Schroders can be found at www.schroders.com.
Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.
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NEXCOM, CTOne, and Vertex Join Forces to Enhance Private Network Security

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56 mins ago

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May 28, 2024

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TAIPEI, May 28, 2024 /PRNewswire/ — NEXCOM, a leading supplier of network solutions, CTOne, a global cybersecurity leader in communication technology, and Vertex, a professional system integrator of 5G private network, join forces for groundbreaking POC targeted to advance 5G private network security within semiconductor manufacturing site framework. Designed to address the specific cybersecurity challenges common in OT networks, collaborative solution offers unparalleled protection, and seamless integration into existing network architectures with minimal disruption to operations during deployment.

Improved Network Security
NEXCOM’s 1U Edge server, the TCA 5170, delivers scalable performance and advanced cybersecurity features, empowering manufacturers with robust OT network protection. Leveraging cutting-edge technologies, the TCA 5170 accelerate encryption and decryption processes, ensures authentication and real-time threat detection, safeguarding private networks against evolving cyber threats. Its scalability makes it ideal for deployments of all sizes, from smaller production lines to semiconductor giants, providing comprehensive security solutions for diverse industrial needs.
More Visibility, Easier Management
The integrated solution simplifies the management of complex OT networks, enabling IT teams to efficiently monitor and manage network security while optimizing resource utilization. CTOne’s virtualized private 5G security software, installed on TCA 5170 and deployed at strategic points at the semiconductor manufacturing site, integrates seamlessly across IT and CT networks to deliver full visibility with real-time monitoring of data traffic. Combined with CTOne’s built-in 5G protection capabilities, the solution enable immediate interception and isolation of threats while supporting a Zero Trust strategy.
“This collaboration has been pivotal in delivering a comprehensive cybersecurity solution for semiconductor manufacturing sites,” said Ming-Yang, Yi, senior manager of AMEA business development group of CTOne. “By integrating our advanced 5G visibility and security capabilities with NEXCOM’s TCA 5170, we’ve created a robust solution that enhances data protection and optimizes operational efficiency of private 5G networks.”
“Working alongside NEXCOM and CTOne has allowed us to deliver a truly comprehensive cybersecurity solution for private 5G network,” said Willis Fu, Technical Director at Vertex. “Bringing together NEXCOM’s TCA 5170 and CTOne’s Mobile Network Security solution ensures seamless protection of the private 5G network, providing our end customer with peace of mind and confidence in their operations.”
“The TCA 5170 is a compact 1U server that offers different configurations and scalable performance, allowing our ecosystem partners to easily adapt and run their applications for deployments of all scales,” said Jennifer Lan, Sales & Marketing Director of Network & Communication Solutions at NEXCOM. “Our successful collaboration with CTOne and Vertex underscores our commitment to providing top-tier security and operational efficiency for our clients.”
Read full Case Study: Security-Solution-to-Protect-Private-Networks-at-Semiconductor-Facilities.pdf (nexcom.com)
This joint solution can be experienced firsthand at upcoming exhibitions:
May 29 – May 31, 2024, CommunicAsia 2024, Singapore, Singapore EXPO, Hall 4, booth 4E3-14June 26  – June 28, 2024, COMNEXT, Japan, Tokyo, Tokyo Big Sight, South Hall, Booth 9-14About NEXCOM
Founded in 1992 and headquartered in Taipei, Taiwan, NEXCOM integrates its diverse capabilities and operates six global businesses, including the Network and Communication Solutions (NCS) unit. NCS focuses on the latest network technology and helps to build reliable network infrastructure, by delivering professional design and manufacturing services for customers all over the world. NCS’s network application platform is widely adopted in Cyber Security, Load Balancing, 5G uCPE, SD-WAN, SASE, Edge Computing, OT Security, Storage, NVR, and other network applications for businesses of all sizes.
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FSP Group to Showcase Edge AI, Network Communication and USB PD Power Solutions at Computex 2024

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56 mins ago

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May 28, 2024

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TAIPEI, May 28, 2024 /PRNewswire/ — FSP Group, a global leader in power supply solutions, is set to unveil its latest innovations at Computex 2024. The focus of this year’s showcase will be on cutting-edge Edge AI, Network Communication and USB PD power solutions.

Revolutionary Efficiency in Edge AI Solutions.
FSP demonstrates its next-generation power supply solutions tailored for edge AI computing applications. These solutions meet the demanding power requirements of AI inference engines, neural networks, and edge devices. 
FSP’s FSP3250-20HM series product designs achieve extremely high 80PLUS Titanium energy efficiency levels, which means at least 96% at typical load.  With advanced power management features, FSP’s solutions enable efficient processing, reduced energy consumption, and improved performance in edge AI computing environments.
Comprehensive Network Communication Solutions
FSP Group provides comprehensive power solutions for the network communication industry, including redundant power supplies, open frame, and external power supplies. These solutions offer high reliability, high efficiency, and strong anti-interference capabilities to support various compatibility applications in networking and communication systems. Applications include edge AI servers, IT servers, storage servers, AIoT servers, embedded servers, network switches, routers, PoE switches, and various types of firewall security servers.
The highlight product is the YNEH2000AM-2D00T10, which is certified with the 80 PLUS Titanium certification and PMBus 1.2. The series includes models with 2000W and 2400W output, and offers options for AC/DC & DC/DC, as well as AFI & AFO solutions.
Versatile and Customizable USB PD Solutions
FSP Group’s innovative USB PD solutions cater to a wide range of applications with power ratings from 45W to 240W. We offer flexible design and customization options to meet the specific needs of our customers.  The highlight product is the FSP065-D2UB1, which can be used with smartphones, Chromebooks, laptops, digital cameras, monitors, and TVs. When not connected to power, it functions as a Type-C to HDMI video converter. When powered, it can simultaneously charge the laptop and transfer video to the HDMI port, showcasing its multifunctional capabilities.
FSP Group collaborates closely with industry partners, including edge AI and network communication hardware manufacturers, as well as system integrators, to develop power supply solutions that seamlessly integrate with relevant platforms. The showcase will highlight successful case studies and real-world applications where FSP’s power supplies have made a significant impact.
Visit FSP Group at Computex 2024: 
Taipei Nangang Exhibition Center, Hall 1 (TaiNEX 1)
Booth: 4F, L1209a
or visit https://www.fsp-group.com
For more product information, please visit:
FSP Group’s official website at: www.fsp-group.com
FSP Group Brand Product website at: www.FSPLifestyle.com
Facebook: www.facebook.com/FSP.global
LinkedIn: www.linkedin.com/company/fsp-technology-inc.
About FSP
Founded in 1993, the FSP is among the major well-known power supply manufacturers in the world. With a professional technical team made up of more than 400 professionals, strong production capabilities, and complete production lines, the Company offers solutions to cater to users with different power supply needs. With more than 600 models that have received 80PLUS certificates, the FSP has become the manufacturer in the world with the highest number of 80PLUS certificates. By the continuous provision of best environmentally-friendly and high-quality power products to consumers, the users may contribute to the protection of the Earth’s environment while enjoying the technology.
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Wondershare DemoCreator Unveils V8.0: Accelerating Video Creation and Editing with Innovative AI Features

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3 hours ago

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May 28, 2024

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VANCOUVER, BC, May 28, 2024 /PRNewswire/ — Wondershare DemoCreator, the leading software for screen recording and video editing, proudly announces the release of its latest version DemoCreator 8.0.  DemoCreator 8.0 supercharges the broad spectrum of educational and instructional video content, empowered by its updated AI enhancements. These advancements position DemoCreator 8.0 as a top player and pioneering video tool for educators, marketers, and influencers.

The PR Director at Wondershare, Iris L. stated, “DemoCreator has always been dedicated to simplifying video creation process, with version 8.0, we’ve introduced advanced AI technologies to enhance user experience and productivity. We believe that with our continuous effort, DemoCreator will remain the top choice for creators, helping them achieve greater success in sharing content.”
Key Upgrades in DemoCreator 8.0:
New Design: Upgraded UI and Magic Tools for enhanced efficiency.
New Template: Create captivating videos with refined templates in a few clicks.
Auto Subtitles: Generate accurate subtitles with trendy animations in over 90 languages.
Text to Speech: Convert text to human-like speech with 120+ voice options.
AI Voice Changer: Change voices into 24 different characters.
AI Object Remover: Remove unwanted elements from videos and images with one click.
AI Vocal Remover: Separate background sounds and vocals for noise reduction.
AI Beauty Filter: Six pre-set beauty effects with customization options.
Brand Kits: Create a unique brand kit with a customizable intro, outro, and logo.
Technological Upgrades: 50% faster video rendering and 200% faster export speeds.
Compatibility:
Wondershare DemoCreator is compatible with Windows and soon with Mac, with pricing starting at $29.99. For free trials and downloads, please visit DemoCreator’s website or follow us on YouTube, Facebook, Twitter, and Instagram to stay updated.
About Wondershare:
Wondershare is globally recognized as a software company committed to delivering innovative solutions for personal and professional use. As a leader in creativity and productivity products, Wondershare has received prestigious awards from organizations such as The Shorty Awards, G2, and GetApp. At Wondershare, the mission is to empower individuals to pursue their passions and build a more creative world. With over 100 million users across 150 countries, users can access a wide range of software solutions for video editing, PDF editing, data recovery, diagram and mind mapping, and more. Wondershare strives to provide high-quality, user-friendly software that enables individuals and businesses to bring their creative ideas to life.
Media Contacts
Iris [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/wondershare-democreator-unveils-v8-0-accelerating-video-creation-and-editing-with-innovative-ai-features-302156318.html

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