The financial institution raises yields on cryptocurrency savings and introduces Earn in NEXO feature as part of tokenomics model overhaul Nexonomics 

LONDON -Friday 30 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Nexo, the leading regulated financial institution for digital assets, today announced a two-fold increase on savings interest rates for cryptocurrencies BTC, ETH, XRP, BCH, LTC, EOS, LINK, XLM, TRX, and PAXG, offering yields of up to 8% APY through its Earn on Crypto product.

The substantial hike constitutes a 1% bump in savings interest rates on all supported cryptocurrencies, bringing rates for these assets up to 6% APY. The introduction of Earn in NEXO offers an extra 2% APY for savings in all digital and fiat assets the Nexo platform carries, respectively bringing maximum interest rates for the Earn suite to 8% and 12% for cryptocurrencies, and fiat and stablecoins.

The addition of Earn in NEXO to the company’s lineup – ... Read more »

Wipro to be one of Finastra’s largest trade finance partners globally

BANGALORE, India-Friday 30 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has signed a definitive agreement to acquire Encore Theme Technologies Private Limited (Encore Theme), a specialist in providing SaaS and Cloud solutions in financial services.

Over the past decade, Encore Theme - headquartered in Chennai, India - has focused exclusively on implementing a broad suite of Trade Finance solutions, developed by Finastra, one of the world’s largest fintechs, to financial institutions across the Middle East, Africa, India and Asia Pacific. They have successfully delivered more than 75 large scale Finastra Trade Finance projects for banks across these regions.

Financial institutions are all looking to ... Read more »

Riyadh, Saudi Arabia-Friday 30 October 2020 [ AETOS Wire ]

The Urban 20 (U20), a G20 Engagement Group, today announced that it is working to create a Global Urban Resilience Fund, the first fund of its type developed by cities, for cities.

Speaking about the announcement U20 Chair, H.E. Fahd Al-Rasheed, President of the Royal Commission for Riyadh City, noted; “We have the opportunity right now to learn from the impact of COVID-19, to study how to build cities which are more resilient and agile. The cities of the U20 have taken the lead to develop a fund for city action to combat the pandemic and mitigate future urban shocks.  The goal of the fund is to accelerate the transmission of new learning and ideas for a more secure future for all urban residents.”

The Fund comes as a response to the findings of the U20 Special Working Group (SWG) on COVID-19, which was set up by the U20 Chair city, Riyadh, together with co-chair cities Rome and Bueno ... Read more »

LONDON-Friday 30 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today launched the nVent RAYCHEM Supervisor IIoT (Industrial Internet of Things) platform, which is designed to connect, control and monitor temperature-critical assets.

The first offering of nVent’s new IIoT platform will be nVent RAYCHEM Pipeline Supervisor, which the company expects to deliver a groundbreaking “temperature-sensitive” heat trace monitoring software solution. It will offer unique access to performance trends and rich actionable data insights to enable the safe and efficient operation of vital heat tracing infrastructure.

“The nVent RAYCHEM Supervisor IIoT platform represents the culmination of nVent’s experience with engineering and deploying critical heat tracing infrastructure,” says Brad Faulconer, President of nVent’ ... Read more »

WILMINGTON, Ohio -Friday 30 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Air Transport Services Group, Inc. (NASDAQ:ATSG) announced the delivery by its Cargo Aircraft Management subsidiary of a Boeing 767-200 converted freighter to Astral Aviation of Kenya under a five-year lease. This is the first aircraft ATSG has leased to Astral, as well as the first Boeing 767 that Astral has put into service.

“We are pleased to introduce the B767 freighter into our fleet,” said Sanjeev Gadhia, chief executive officer of Astral. “This aircraft will allow us to better serve the needs of our customers throughout our intra-African and Middle East networks, and ATSG’s support and assistance has been indispensable. Establishing a partnership with the world’s largest lessor of 767’s is something we have been after for some time now. I view this as the start to something special for Astral and all of sub-Saharan Africa.”

Astral current ... Read more »

Velodyne to Supply LineVision with Sensors to Improve Electric Utility Operation and Help Prevent Destructive Wildfires

SAN JOSE, Calif. -Friday 30 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Velodyne Lidar, Inc. (Nasdaq: VLDR) today announced a sales agreement with LineVision, Inc., a provider of solutions to monitor, optimize and protect the world’s critical electric power grid. LineVision uses Velodyne high-performance lidar sensors in its V3 overhead power line monitoring system to help electric utilities operate their grid more safely and efficiently.

Powered by Velodyne’s Puck™ sensor, LineVision’s technology provides utility clients with previously unavailable visibility on asset health for optimized management. This situational awareness assists utilities by identifying operational anomalies, helping to mitigate events that could cause wildfires or damage before they happen. Lines equipped with LineVision monitoring are safer ... Read more »

SAN FRANCISCO-Friday 30 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Andersen Global continues its Caribbean expansion through a Collaboration Agreement with full-service accounting firm Lanns-Monish & Associates, adding dimension to the organization’s presence in St. Kitts and Nevis.

Founded in 1991, the Basseterre-based firm is led by founder and Office Managing Director Marcella Lanns-Monish. The team of ten professionals provides tax and accounting services to domestic and international clients, including business advisory, corporate restructuring, tax compliance, payroll and risk advisory. In addition, they provide services to a variety of industries, including hospitality, tourism, manufacturing and the public sector.

“The dedication and stewardship of our team to provide clients with best-in-class service has helped us become leaders in our practice areas,” said Marcella. “This collaboration will allow us to take our client ... Read more »