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OnDeck CEO Noah Breslow to Deliver Keynote Address at 2019 LEND360 Conference

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OnDeck® (NYSE: ONDK), the leader in online lending to small business, today announced that Chairman and CEO Noah Breslow will be a keynote speaker at the LEND360 Conference in Dallas, Texas on Thursday, September 26, 2019. Mr. Breslow will discuss industry trends in alternative data and how they are improving many aspects of online lending to small businesses.

The LEND360 conference is an annual event that brings together participants from the online lending industry. Thought leaders and FinTech innovators will convene in Dallas from September 25-27 to learn about trends and new technologies revolutionizing the field, make new connections to grow their businesses, and collaborate on cutting-edge solutions to the industry’s most pressing challenges.

“It is imperative to open up and expand access to financing for every creditworthy small business owner,” said Noah Breslow, Chairman and CEO, OnDeck. “Applicants should not encounter long waits, endless paperwork and delays in decision-making when we have the proven technology and transparency to make those lending decisions online within minutes and fund small business owners the same day or in real time.  We should continue to relentlessly innovate on behalf of our nation’s small businesses.”

Under Breslow’s leadership, OnDeck pioneered the use of data analytics and digital technology to make real-time lending decisions and deliver capital rapidly to small business owners online.  Since its first loan in 2007, OnDeck has provided over $12 billion in financing to customers in 700 different industries across the United StatesCanada and Australia. It is one of the largest non-bank online lenders to small businesses in the world.*

 

SOURCE On Deck Capital, Inc.

Artificial Intelligence

Vela and IPC Expand Market Data Partnership

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Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading, today announced the expansion of its strategic partnership with IPC, a leading global provider of secure, compliant communications and networking solutions for the global financial markets.

The partnership will provide IPC customers with access to Vela’s award-winning market data solution, SuperFeed, via Connexus Cloud, IPC’s flagship financial ecosystem that interconnects more than 6,600 capital market participants across the globe. It will also enable IPC customers, utilizing Connexus Labs, to access an on-demand market data solution to support trading application testing along with third-party product evaluations.

Vela’s SuperFeed is a fully-managed, low-latency market data feed that delivers high-quality, normalized real-time data via a single source with industry-leading levels of performance, availability, and reliability. Offering an exceptional blend of fast delivery and a scalable solution, SuperFeed is designed to simplify and speed up clients’ access to data. The feed provides coverage to over 150 markets and data sources including all major North American and European exchanges and a growing number of Asia-Pacific venues. Vela continues to make significant strategic investment in SuperFeed coverage to expand the range of data types available, beyond real time and delayed, to include end-of-day and historical data solutions offering more flexibility to clients. Vela’s vendor bridge technology eliminates the costs and overheads associated with changing feed providers, enabling a more seamless and rapid migration.

IPC’s award-winning Connexus Cloud platform is an unparalleled multi-cloud platform for the global financial markets, an ecosystem that interconnects more than 6,600 diverse capital market participants across 750 cities in over 60 countries. The world’s top financial institutions rely on Connexus Cloud for trade execution, order routing, market data delivery, clearing, settlement and accessing trade lifecycle services. IPC’s Connexus Labs is a worldwide hosted infrastructure platform that provides testing and evaluation facilitates for fintech firms and innovators to assess how their products, services and applications can be integrated with the IPC product portfolio.

Ollie Cadman, Chief Product Officer at Vela, commented, “We are delighted to expand our partnership and have the strength of IPC as part of our ecosystem connecting SuperFeed to the global financial markets community. Now more than ever, firms are looking to trusted providers and private and public cloud environments to support the growing demand for access to global data sets for business processes such as automation, artificial intelligence and analytics.” He continued, “With IPC’s Connexus Cloud and Connexus Labs, financial institutions can leverage the power of the cloud for market data to support their electronic trading requirements. This partnership is an exciting step forward in our ongoing strategy to expand access to our services through public and private cloud providers.”

Mike Smith, Director of Global Exchange Relations Management at IPC, said, “We are pleased to have Vela’s SuperFeed as a part of our market data content offering, as we continue to provide our secure and compliant managed solutions to cater for all our customers’ unique trading requirements. The SuperFeed market data service complements our Connexus Cloud offering by providing access to multiple market data feeds from a single place, and delivers the additional benefits of a professionally managed infrastructure and support model.”

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Artificial Intelligence

Bank of Asia Appoints Senior Bank Executive Lisa Lou as President

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Bank of Asia (BVI) Limited (the “Bank”), the only licensed bank in the British Virgin Islands (“BVI”) serving global offshore companies and individuals using its digital platform, today announced the appointment of Lisa Lou as President effective 1 August 2020.

Lisa will be based in the BVI, oversee the Bank’s global operations and lead the development and delivery of banking services to offshore companies, trusts, family offices and ultra-high-net-worth individuals from around the world. She will work closely with Carson Wen, the Bank’s Founder and Chairman, the Board and teams across regions to build out the Bank’s innovative corporate and investment banking, digital asset servicing, fintech-powered investment and asset management services. Given the travel restrictions and the need to develop the market for the Bank in the Asian market, Lisa will work remotely until the requisite permits are obtained and the travel restrictions to the BVI are removed.

Commenting, Carson Wen, Founder and Chairman of Bank of Asia, said: “On behalf of the Board, I am delighted to welcome someone of Lisa’s calibre to lead our fast-growing global bank.  Since our official launch in July 2018, we have invested in cutting-edge fintech tools and services that are enabling our customers to significantly reduce costs and navigate on-boarding and transactions processes with ease.”

“Technology is revolutionising the global banking and finance industry and Bank of Asia is well positioned to develop itself into a new generation fintech bank and seize the growth opportunities that exist. We are seeing frequent transactions undertaken by the growing number of customers using our recently launched payment channel “BOA Pay”, and we are looking forward to a period of robust growth for Bank of Asia under Lisa’s leadership with the full support of the Board and the team. I am confident that Lisa’s vision and proven leadership, extensive blue-chip banking experience and intimate understanding of our target customers, will prove invaluable as we enter the next phase of our growth,” Carson Wen added.

Lorna Smith, OBE, Vice Chairman Bank of Asia, said: “Bank of Asia has been an exemplar of strong environmental, social and governance policies and practices. It emphasises on giving back to the BVI community, such as donating to youth education programmes and most recently, providing thousands of protective medical supplies to fight COVID-19. The appointment of a very widely experienced Asian executive to lead a major bank in the BVI enhances what is already a strong multi-cultural team and underscores the Bank’s unwavering commitment to building a stronger global community.”

Lisa Lou, President, commented: “Bank of Asia’s unique positioning as a fintech enabled bank, its distinguished Chairman, its forward-looking board, and its innovative and fintech-driven culture, were the overriding factors for me to join the bank.”

Continuing, she said: “As the world wrestles with a pandemic that is wreaking havoc on markets and economies, new impetus is being placed on innovation in the financial ecosystem. Bank of Asia’s focus on delivering advanced digital banking and global asset management solutions anytime, anywhere, leaves it well-positioned to capture new customers in an increasingly cashless world.”

Prior to joining Bank of Asia, Lisa was the Senior Managing Director, China country manager and Beijing Branch Manager at State Street Bank. Before that, she spent six years at JP Morgan Chase Bank China as Managing Director, Country head of Financial Institutions and Public Sector Clients, and General Manager of Beijing. During her 20-year career, she has also held senior roles at Standard Chartered Bank China and HSBC Australia.

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Artificial Intelligence

Loop Insights Announces Reseller Partnership And First Sale With Vend, A Global POS Company Used In 25,000 Stores Across 140 Countries

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Loop Insights Inc. (TSXV: MTRX) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, automated marketing, and contact tracing to the brick and mortar space, is pleased to announce the signing of a channel reseller partnership with global cloud-based Point-of-Sale (POS) company, Vend, as well as, the first sale to a Vend client.

VEND UNLOCKS ACTIVE OPPORTUNITIES IN $5T GLOBAL RETAIL INDUSTRY

Vend is the first POS built for iOS and is now used in over 25,000 stores across 140 countries. Vend’s fast growth and global reach creates opportunities across the world for Loop and its technology in the retail vertical.  To this end, the companies have already secured the first implementation at a Vend client, Wild Birds Centers of America Inc. – a North American aviary retail franchise with 30 stores – and subsidiary of Global Harvest Foods Ltd.  Loop plans on widening the scope of opportunity Global Harvest Foods.

Furthermore, Vend is already in discussions with several other retail chains and both companies expect to announce additional implementations in the near future.

Loop Insights CEO, Rob Anson stated “This is a significant partnership for Loop given the fact both companies offer cloud-based services that provide a strong foundation for rapid scalability and growth. We are both driven to acquire multi-store clients to drive faster, larger adoption rates. As seen by our first implementation with Wild Bird Centers of America, VendHQ is already demonstrating huge value to Loop as a channel reseller. With active conversations already taking place with many of Vend’s global clients, our goals for global penetration into retail are already taking shape.”

Jake West, Director of Business Development at Vend stated “We are beyond excited to be partnering with Loop Insights to provide our retailers with robust, enterprise-level tools.  With COVID 19, Vend has seen an increase in the number of mid-market and enterprise retailers that are moving to Vend to take advantage of modern, cloud-based technology. Loop Insights is a perfect complement to Vend’s platform, in that, collectively we are able to deliver enterprise & franchise reporting tools, deep product insights and even trends on consumer behavior to our retailers. Vend has long had a partner focused approach, where we partner with the best-of-breed companies like Loop to deliver our clients with an overall superior experience.

LOOP’S SOFTWARE INTEGRATION CREATES SCALABLE CHANNEL RESELLER OPPORTUNITIES

The addition of Loop’s API provides Vend clients the unique ability to connect transactional data across all physical retail locations and e-commerce platforms for single stores, multi-store franchises, and international enterprise retail customers. The companies will first integrate Loop’s powerful insights service at Wild Bird Centers of America—a franchise with 30 retail stores in Canada and the United States; Loop plans on widening the scope of opportunity to its umbrella company, Global Harvest Foods Ltd.

Without the need for hardware, Loop Cloud delivers a frictionless implementation process that allows for large-scale adoption and, ultimately, adds high margin revenue-generating power to Loop’s current Software as a Service (SaaS) revenue model. As a channel reseller for Loop’s technology, the companies anticipate revenue from onboarding fees and SaaS fees. Loop’s software API integration also supports seamless access to its other AI-driven services: automated personalized engagement and programmatic advertising. The addition of these services would increase the clients’ monthly SaaS fees, and add additional revenue for Loop through distribution/redemption of third-party promotions.

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