Generative Data Intelligence

Tag: 2009

GreenTech Environmental Introduces New Technology and Product Innovation

pureAir Active HEPA+ with ODOGard® is a Game Changer for Indoor Air Quality JOHNSON CITY, Tenn.–(BUSINESS WIRE)–GreenTech Environmental is introducing a new technology in the air purification industry: pureAir Active HEPA+ with ODOGard, the only air purifiers on the market that feature proprietary ODOGard technology in combination with True HEPA and advanced active air purification […]

The post GreenTech Environmental Introduces New Technology and Product Innovation appeared first on Fintech News.

The Role of Blockchain in the Launch and Growth of Cryptocurrency

Blockchain technology has changed our lives in innumerable ways. One of the most obvious impacts of blockchain technology has been in the cryptocurrency industry. In fact, blockchain is largely attributed with the birth of bitcoin and other cryptocurrencies. It remains one of the most important forms of technology that is shaping the industry in the […]

The post The Role of Blockchain in the Launch and Growth of Cryptocurrency appeared first on SmartData Collective.

North Korean Hackers Abuse Windows Update Client in Attacks on Defense Industry

The North Korean threat group Lazarus was observed abusing the Windows Update client for the execution of malicious code during a campaign this month, Malwarebytes reports.

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Here’s Why You Should Invest in Crypto as Early as Possible

In recent years, crypto has transformed from a niche tech community into a trillion-dollar industry. An increasing number of investors and users are entering the space, and while the crypto market is still in its infancy, it will not last that way forever. Hence, individuals seeking to boost their portfolios should start investing in crypto...

The post Here’s Why You Should Invest in Crypto as Early as Possible appeared first on Cryptoverze.

Pop Star Justin Bieber Buys Bored Ape NFT for $1.29 Million, Pays More Than 300% Above Floor

The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum or $1.29 million at the time of settlement. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K. Justin Bieber Spends $1.29 Million in Ethereum for BAYC #3001 Justin Bieber spent […]

From cash to crypto: The Cantillon effect vs. the Nakamoto effect

Is Bitcoin susceptible to the Cantillon effect? To find an answer, please read this Bitcoin-Cantillon effect article.

Top 10 Cryptocurrencies to Watch in 2022

The trend is your friend, but while you can ride it for so long,…

The post Top 10 Cryptocurrencies to Watch in 2022 appeared first on Coin Journal.

Bitcoin Shows That Trust In The Government And The Gold Standard Isn’t Necessary

Bitcoin is a return to sound money after the government overreach that led to the end of the gold standard.

North Korean Hackers Using Windows Update Service to Infect PCs with Malware

The notorious Lazarus Group actor has been observed mounting a new campaign that makes use of the Windows Update service to execute its malicious payload, expanding the arsenal of living-off-the-land (LotL) techniques leveraged by the APT group to further its objectives. The Lazarus Group, also known as APT38, Hidden Cobra, Whois Hacking Team, and Zinc, is the moniker assigned to the North

White House Wants the US Government to Use a Zero Trust Security Model

A federal strategy released on Wednesday wants the US government to adopt a “zero trust” security model within the next two years to defend against current threats and improve cybersecurity defenses across federal agencies. This strategy was released by the White House’s Office of Management and Budget (OMB), which oversees the implementation of the President’s vision […]

How Cryptocurrency and Cybersecurity Connect

By Danny Lopez, CEO of Glasswall Since its creation in 2009, cryptocurrency has operated as a decentralized, self-managed

The post How Cryptocurrency and Cybersecurity Connect appeared first on Crypto-News.net.

Global fintech Ebury enters Hong Kong non-bank lending market to target credit-starved importing and exporting SMEs

HONG KONG, Jan 27, 2022 - (ACN Newswire) - Ebury, the global non-bank leader in cross border finance for SMEs, is entering Hong Kong's non-bank lending market to provide trade finance for credit-starved small and medium-sized companies.

Ebury announced today that it had started competing head-on with large banks and Hong Kong's non-bank lenders by offering SMEs unsecured trade finance as a complementary product for their payables, with line sizes of up to US$5 million per client.

With a valuation of more than US$1 billion, Ebury is a 'unicorn' and has offices across Europe, the Middle East, North America, and Canada. The company, which is also expanding across Asia, began offering foreign exchange (FX) and risk management solutions to Hong Kong SMEs in 2019.

The global fintech has FX and trade finance capabilities in more than 130 currencies and offices in 20 countries linked by a single best-in-class platform. It recently launched the ability to finance cross-border freight and advertising for e-commerce businesses that buy and sell over the internet.

Ebury Hong Kong Country Manager, Liam Thomas, said that many Hong Kong SMEs faced great difficulty getting capital for their business because of red tape, rigid systems and complex lender demands, especially those with volatile revenue and cash flow. Regular rejection of SMEs' trade finance applications had contributed to a global trade finance gap that the Asian Development Bank estimated was around USD1.5 trn in 2020.

"Ebury is immediately competitive in the Hong Kong market because the features of our trade finance product make it the best available. We offer clients an easy-to-use online platform, complete cost transparency, with absolutely no fees except for the interest charged for credit used. In contrast, competitors often have upfront, draw-down or utilisation fees on top. In addition, our payable finance line offers an up to 150-day repayment period, which is much longer than the industry standard 90-120 days," Mr Thomas said.

"Our clients are increasingly becoming e-commerce-focused businesses which are looking for greater flexibility in working capital solutions. Our trade finance product enables them to pay for advertising and for freight, which are not typically able to be financed cost effectively by traditional lenders. Quite simply, you can use Ebury trade finance longer and for more things, without having to provide security over balance sheet or goods," he added.

Australia-based Ebury Asia Pacific Managing Director, Rick Roache, said he expected strong demand and that the Ebury Hong Kong loan book would grow quickly because of the suitability of Ebury's trade finance product for Hong Kong clients' needs.

"Our experience in other similar markets is that growth in our book accelerates over time. In Australia, the book has grown more than 300% in 2021 with the majority our clients using it to finance supply chains into North Asia. This Hong Kong trade finance launch is an important part of our regional growth strategy. Once this business is established it will serve as a launch pad for Ebury into mainland China," Mr Roache said.

To find out more about Ebury, please visit Ebury Hong Kong https://en.ebury.hk/ .

ABOUT EBURY:
Ebury provides international currency exchange in over 130 currencies, risk management and lending capabilities to large and mid-sized corporates globally. Founded in 2009 and headquartered in London, Ebury has offered tailor-made solutions to more than 24,000 clients based on their needs and objectives, helping them manage their FX risk exposure, growth aspirations and international payment requirements. Ebury Hong Kong is an authorised Money Services Operator (MSO) authorised by the Customs and Excise Department. The MSO License allows Ebury HK to carry out remittance and money changing services under license number 18-09-02555 . Ebury is registered with the ICO under the UK Data Protection Act; registration number ZA345828.



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comEbury, the global non-bank leader in cross border finance for SMEs, is entering Hong Kong's non-bank lending market to provide trade finance for credit-starved small and medium-sized companies.

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