NetworkNewsWire
Editorial Coverage: Within the international trade and finance
sector, logistic companies need to better streamline their payments
and documentation flow. A methodology to solve this issue in the
FINTECH marketplace is blockchain technology applied to Supply
Chain Finance. This allows encrypted data on all facets of
international transactions, from payments to bills-of-lading to
delivery data, and for the accumulating record to be privately
shared among banks, shippers and traders. With the formation of its
new SecurCapital Corp. subsidiary, Global Payment, Inc.
(GOHE) (GOHE
Profile) is addressing the
supply-chain finance needs of mid-tier logistics companies while
joining a growing number of other innovators utilizing the benefits
of blockchain. Among them are Hive Blockchain Technologies
Ltd. (HIVE.V), Cboe Global Markets (CBOE), Long Blockchain Corp.
(LBCC) and BTL Group (BTLLF).
A Solution in the Making
The expansion of global commerce over the past two decades has
made legacy systems for handling international logistics and
financial transactions obsolete. As a result, traders are now
abandoning these dated industry mainstays in favor of more
advanced, efficient platforms.
Global supply chains are increasingly complex; as the number of
suppliers grows, so too does the number of transactions, and
therefore the depth of supply chains.
The present-day “need for speed” in the execution of secure
payments in global commerce has particularly overburdened existing
paper-based back offices, which often rely on faxes, phone calls
and paper-ledgers to execute transborder transactions.
In the logistics industry, legacy in-house systems muddle
efficiency and hamper business potential.
To help speed and secure international transactions, Global
Payment, Inc. (GOHE) in January launched a new
logistics industry serving subsidiary, SecurCapital Corp., to
modernize logistics record-keeping through supply-chain
finance.
"Clearly, there has been a monumental transformation influenced
by FINTECH, Blockchain and alternative banking options within the
global payment landscape," Global Payout CEO James Hancock stated
in the press release announcing the new subsidiary (http://nnw.fm/meHB1). "Traditional financial
institutions are not positioned to serve global logistics payment
requirements for secure access, integrated foreign exchange, and
international payments or access to adequate working capital.
SecurCapital will be providing a new financial pathway for the
global logistics industry. Furthermore, we anticipate SecurCapital
will become a significant revenue generator that should strengthen
our suite of services and deliver value to the parent company,
Global Payout."
Designed as a “one-click solution” to the $800 billion global
supply-chain marketplace, SecurCapital’s blockchain technology
offers a cloud-based business-to-business (B2B) platform for global
payments, FOREX, and accounts-receivable factoring, all with secure
multi-factor authentication to mitigate risk and cut costs.
The SecurCapital Platform incorporates blockchain technology for
maximum security of every process within the logistics
supply-chain. It links buyers to sellers and underlying
supply-chain participants to optimize cash flow, helping buyers to
lengthen payment terms even while vendors and suppliers take the
option of more-rapid payment, through a process dubbed “reverse
factoring.”
Global Payout recognizes that many mid-tier logistics companies
utilize antiquated systems for administration and freight payment
management, unaware of the potential that awaits. With its
SecurCapital Platform, the company anticipates playing a vital role
in the progression of the logistics industry.
"The cold, hard fact is that one-third of the logistics industry
still runs on Excel and older legacy in house systems for freight
payment. Research shows that there is not only a lack of
innovation, but also a lack of understanding of what FINTECH is and
its potential impact on the logistics industry. Our goal is to
offer the industry Supply Chain Finance solutions designed by
actual logistics professionals to reduce cost of payments, FX,
improve working capital liquidity, and gain dashboard visibility
while leveraging the latest cloud-based FINTECH innovations,”
explained SecurCapital CEO Stephen J. Russell.
The value of Russell’s appointment as CEO lies in his experience
as a veteran logistics executive, previously serving as CEO, COO,
founder and EVP in public and private logistics companies
worldwide. He is also an early cloud pioneer, serving as the
president and CEO of Salesforce.com - Asia Pacific (NYSE:
CRM) and their launch in the Asia and Australia Region.
“Banking-in-a-box” Remains Core Design
Established in 2009, Global Payout has long-held an established
position as a provider of comprehensive payment solutions that can
be fully customized for virtually any domestic and international
organization distributing money worldwide.
At the core of the new SecurCapital Platform is the technology
behind Global Payout’s Consolidated Payment Gateway (“CPG”), a
fully configurable “banking-in-a-box” web-based platform that can
fulfill the front-to-back office processing requirements of
domestic, foreign exchange and international payment service
providers. This platform is designed to improve work flow,
operational efficiencies, and global financial management for
enterprises operating across the globe.
With a sweeping set of capabilities, CPG can manage core and
traditional banking products, online banking, card management,
mobile wallets, merchant payment processing, biometric payments and
authentication management, bill payments and P2P payments,
international remittances, government benefits management, loans
management, FOREX, and SWIFT / ACH / SEPA payments.
Powered by the Global Reserve Administrative module, the
platform can be customized for enterprises across a multitude of
business sectors, as evidenced in the creation of SecurCapital for
the logistics industry.
The Trade Finance Future is Fintech
The international consultancy Accenture (ACN) recently advised
banks to migrate to online and blockchain technology to remedy the
bogged-down transnational logistics and finance sector, and further
warned that doing so “will be key for banks to safeguard their
position and continue to drive growth.” Banks must extend “the
traditional trade finance products with sophisticated, online
access and with supply chain offerings,” suggested Accenture, or
lose relevancy (http://nnw.fm/yet9S).
The consultancy added, “Banks are therefore modernizing their
trade finance platforms, opting for proven technology solutions and
maximum simplification and automation of processes.”
In the future, some fintech denizens envision not just banks,
traders and suppliers connected by blockchain technology, but also
port officials and certain freight providers. Others contend that
blockchain technology will be essential to reducing counterfeiting
and raising food quality standards in international and even
domestic trade.
The first trade-finance transaction using blockchain technology
was claimed in September by bank Barclays and an Israeli start-up,
when parties handled a $100,000 shipment of cheese and butter
exports from Ireland to the Seychelles Trading Company.
Participants said the blockchain platform shrank to hour hours a
process that generally takes seven to 10 days.
Peers in the Blockchain Space
The plan of Hive Blockchain Technologies (HIVE.V,
HVBTF) is to build bridges from the blockchain sector to
traditional capital markets. HIVE has partnered with Genesis Mining
Ltd., touted as the world's largest cloud-based blockchain and
cryptocurrency mining company, to build the next generation of
blockchain infrastructure. HIVE owns state-of-the-art GPU-based
digital currency mining facilities in Iceland, which produce newly
minted virgin digital currency like Ethereum around the clock, and
is in the midst of a major expansion of operations into Sweden.
HIVE claims a healthy balance sheet, a reserve of cryptocurrency,
and operations in low-cost-energy environments. It plans to use
flexibility afforded by Genesis infrastructure software to identify
and profitably exploit existing, emerging and new
cryptocurrencies.
Cboe Global Markets (CBOE) on January 17
reported its first settlement of January expiry Cboe bitcoin (XBT)
future, at $10,800, and thus the exchange-operator officially
finalized its entry into the cryptocurrency and blockchain sector.
In addition to its recent bitcoin foray, Cboe operates as an
options exchange various market indexes such as the S&P 500 of
VIX, options on listed stocks; and options on other exchange-traded
products, such as exchange-traded funds and exchange-traded notes.
The key take-away is that the addition of bitcoin futures to the
Cboe portfolio or products allow bitcoin users to hedge, thus
reducing risks in the use of the cryptocurrency.
Cboe Global Markets changed its name from CBOE Holdings in Oct.
2017, and has roots extending back into the open-cry trading floor
of the Chicago Board of Exchange.
Long BlockChain (LBCC) earlier this month
announced its letter-of-intent with the private Stater Blockchain
Ltd., a developer of scalable blockchain technology for financial
markets. Stater’s subsidiary, Stater Global Markets, is a regulated
brokerage that facilitates market access across multiple
instruments including spot FX, digital currency futures and
contracts for difference. Long Blockchain, formerly the Long Island
Iced Tea Co., said if the agreement and a related stock-transaction
with Stater are consummated, they will complement its previously
announced deal to acquire 1,000 China-made Antminer S9 mining rigs
and related power-supply equipment, to be installed in Sweden.
BTL Group (BTL.V, BTLLF) is a developer of
blockchain technologies with business and financial applications.
BTL Group contends its Interbit is a secure, user-friendly
multi-chain platform that enable enterprises to build custom
applications in trading, settlement, remittance, audit, and
back-office processes. Its technology platform Xapcash, combined
with its Interbit, intends to leverage blockchain technology to
create “cash-in cash-out' settlement solutions from Canada and the
United Kingdom to target countries. BTL Group, which primarily
serves the finance, energy, and gaming sectors, has collaborated
with VISA Europe on a pilot program to develop a cross-border
settlement solution, emphasizing scalability, security and privacy.
In December Victory Square Technologies Inc. (VST, VSQTF) appointed
Guy Halford-Thompson, co-founder and former CEO of BTL Group to its
advisory board.
For more information on Global Payout, visit Global Payment,
Inc. (GOHE)
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides
(1) access to our news aggregation and syndication servers, (2)
NetworkNewsBreaks that summarize corporate news and
information, (3) enhanced press release services, (4) social media
distribution and optimization services, and (5) a full array of
corporate communication solutions. As a multifaceted financial news
and content distribution company with an extensive team of
contributing journalists and writers, NNW is uniquely positioned to
best serve private and public companies that desire to reach a wide
audience of investors, consumers, journalists and the general
public. NNW has an ever-growing distribution network of more than
5,000 key syndication outlets across the country. By cutting
through the overload of information in today’s market, NNW brings
its clients unparalleled visibility, recognition and brand
awareness. NNW is where news, content and information converge.
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
Please see full terms of use and disclaimers on the
NetworkNewsWire website applicable to all content provided by NNW,
wherever published or re-published: http://NNW.fm/Disclaimer
DISCLAIMER: NetworkNewsWire (NNW) is the source of the Article
and content set forth above. References to any issuer other than
the profiled issuer are intended solely to identify industry
participants and do not constitute an endorsement of any issuer and
do not constitute a comparison to the profiled issuer. The
commentary, views and opinions expressed in this release by NNW are
solely those of NNW. Readers of this Article and content agree that
they cannot and will not seek to hold liable NNW for any investment
decisions by their readers or subscribers. NNW are a news
dissemination and financial marketing solutions provider and are
NOT registered broker-dealers/analysts/investment advisers, hold no
investment licenses and may NOT sell, offer to sell or offer to buy
any security.
The Article and content related to the profiled company
represent the personal and subjective views of the Author, and are
subject to change at any time without notice. The information
provided in the Article and the content has been obtained from
sources which the Author believes to be reliable. However, the
Author has not independently verified or otherwise investigated all
such information. None of the Author, NNW, or any of their
respective affiliates, guarantee the accuracy or completeness of
any such information. This Article and content are not, and should
not be regarded as investment advice or as a recommendation
regarding any particular security or course of action; readers are
strongly urged to speak with their own investment advisor and
review all of the profiled issuer’s filings made with the
Securities and Exchange Commission before making any investment
decisions and should understand the risks associated with an
investment in the profiled issuer’s securities, including, but not
limited to, the complete loss of your investment.
NNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. “Forward-looking statements” describe future expectations,
plans, results, or strategies and are generally preceded by words
such as “may”, “future”, “plan” or “planned”, “will” or “should”,
“expected,” “anticipates”, “draft”, “eventually” or “projected”.
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company’s annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and NNW undertake no
obligation to update such statements.
Source:
NetworkNewsWire
Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
North Peak Resources (PK) (USOTC:BTLLF)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
North Peak Resources (PK) (USOTC:BTLLF)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024