Categories
Business Finance Financial Market Technology U.S

NYSE Disaster Recovery Blunder Triggered Major Trading Glitch

The NYSE (New York Stock Exchange) is beleaguered by criticism after an unexpected outage and IT error caused drastic price fluctuations in blue-chip stocks and billions worth of trades to be called off.

The NYSE blamed the ‘technical’ glitch on a manual error with its disaster recovery (DR) system, according to The Register

Let’s Flesh out the Reasons Behind the “Mayhem”

The exchange’s secondary Chicago data centre is supposed to protect US stock markets in the event of an outage or when a natural disaster strikes the venue.

As part of regular maintenance activities, the DR system should be tested daily and shut down manually after the closing bell.

However, on Monday, January 23rd, after the market was closed, an NYSE staffer failed to turn off the disaster recovery system correctly.

The result: the backup system, which is meant to be turned on in the event of a disaster incident only, was left operating overnight. 

It means that the exchange’s trading acted as if Tuesday’s trades were being carried on with the prices of Monday’s trade. 

The consequence: at 9:30 am on Tuesday, as trading started, the NYSE software malfunctioned, and skipped the day’s opening auctions which set prices incorrectly and unfortunately, led to a debacle.

The NYSE, in a statement, said, “The root cause was determined to be a manual error involving the exchange’s disaster recovery configuration at system start of day.

What Was the Consequence?

The technical error triggered a string of events with catastrophic repercussions.

What NYSE addressed as a “system error” caused shares in over 250 firms to go haywire, with some firms encountering fluctuations in their stock prices by around 25%. 

As reported, a total of 84 stocks saw their valuations drastically plunge or surge until they had reached the limits set to thwart securities from trading at extreme prices.

According to a statement released on Wednesday morning, due to the system disruption, 81 stocks had short-sale restrictions (SSR) implemented “erroneously,” with Snap and Morgan Stanley being badly affected. 

While Morgan’s share price dropped by 13%, Walmart saw an increase of 12% in its share price due to the error.

Soon after NYSE halted the most egregious transactions, it stated: “Approximately 4,341 trades in 251 symbols should be busted (canceled).”

NYSE Fielding Claims

NYSE officials spent hours hunting down the reason behind the turmoil until it was confirmed that no such trading chaos would occur again.

“The issues around our market open on Tuesday are our collective responsibility, and we have moved swiftly and decisively to resolve them as a team,” explained a spokesperson from NYSE to Bloomberg. “A core value of ICE (Intercontinental Exchange, NYSE’s parent company) and the NYSE is our commitment to collaboration.”

NYSE is evaluating the financial losses stemming from this “wreck” and is fielding claims from the affected businesses as per exchange regulations.

Automated DR Systems Can Decrease System Failure Risks

Analysts unanimously agreed that automation could help avoid such system errors entirely.

Automation eliminates human error,” according to Dennis Hahn, an analyst at Omdia. “If this [DR system] required to be manually shutdown, this is ridiculous and asking for trouble.”

In short, when it comes to disaster planning for data centres, one of the key elements is deploying an automated DR framework

Future-focused DR solutions like Protera enable customisable and automated backup scheduling. Plus, it frees users from manually configuring each device while also allowing them to back up their business-critical data in multiple locations. 

The result: significantly minimised human intervention, ensuring business continuity.

With customisable RPO and RTO objectives, users can set their systems for backup—every day, every hour, or even every few minutes—based on their backup policies.

Wrapping Up

Unfortunately, the NYSE backup blunder is not the only high-profile operation disruption occurring in January due to manual errors. The recent massive system crash in NYSE raises concern among US retail investors. The occurrence indicates that NYSE should “come up with something better” and implement automation and best practices for disaster recovery management. 

Categories
Business Computers & Software Professional Services Technology U.K

Designing Digital Products in 2023: UX Trends in the Spotlight

Community by NASSCOM Insights recently released a guide on digital products, complete with projected trends in 2023. 

The article talks about the importance of user experience (UX) in digital product design and why creating an effective digital product design strategy is essential. Then, it lays out a design process.

Finally, it talks about digital product design trends for the year.

But, if you don’t know what digital products are, this report won’t make any sense to you. So…

What Is a Digital Product?

A digital product is an intangible item that is delivered and consumed electronically. An example of a digital product might be a music file or video, a PDF, or an ebook. It could also be an app, a software program, a template, or a plug-in.

If you have the right resources, you can create digital products on your computer. Of course, some products require more technical knowledge than others. But, yeah, they don’t need a workshop, where they are made piece by piece.

Since the product is digital, you don’t need physical inventory. And, delivery is quite literally as fast as the consumer’s download speed.

So, if you’re planning to start a business, selling digital products could be a good idea, especially if you’re looking to keep your overhead costs down. App development, for example, is a great way to get started if you have an innovative idea.

But, as I said earlier, you need to spend time on the UX of your product.

Why Is UX Important for Digital Products?

In case you were wondering why UX is so important for digital products, here are some reasons:

It Enhances Usability

Users tend to like digital products designed with UX in mind. That’s because UX enhances the… ummm…user’s experience. 

It takes into consideration how the consumer will interact with the product and removes any potential pain points. The result is a product that is a pleasure to use.

It Can Improve Engagement

A well-designed digital product can encourage users to engage and interact with it more and more. And, it can give them a push in the right direction—encouraging them to take the action you want them to take.

It Makes Your Spending More Effective

Constant improvement can help keep your product relevant and in demand. However, if you spend time—and money—at the beginning of the design process, you can ensure that your future improvements are less expensive. 

You can invest in more features instead of trying to get people to like what you’ve already created.

It Improves Conversion Rates and Retention

An important part of UX design is identifying what your customers need and want. By giving them a product designed for them, you can get them to convert quickly. More importantly, you will retain them.

It Helps Your Brand’s Reputation

So, you create products that are easy to use, efficiently designed, and meet customer requirements. That’s a good reputation to have. Keep doing that consistently and you will find people buying your products because they were built by you.

Now that you know why you need UX, here are some of the UX trends for digital product design in 2023:

UX Trends For Digital Product Design in 2023

According to the report, here are the top UX trends you need to keep in mind when designing your digital product.

UX Copywriting

Quick, snappy copy. Don’t bore users with long, wordy essays.

Inclusivity in Design

Design products so everyone can use them. Bear in mind cultural differences as well as physical disabilities.

AR/VR

It’s a lot more ubiquitous now, so use the power of augmented reality and virtual reality to make your digital product more interesting, exciting, and relevant.

3D Graphics

3D graphics give depth and detail to your product design. Make use of it—especially since modern technology can handle it without lagging or getting overloaded.

Innovative Landing Pages

Hook your audience with impressive landing pages. At the same time, remember that too much detail can be distracting. 

So, now that you know why you need UX in your digital product design, stop and plan your idea in a bit more detail. And, if you need professional help, you have companies like Luminos Software to help you.

Good luck!

Categories
Business Finance Financial Market Technology U.S

Fujitsu to Divest Entire $1.1B Air Conditioning Unit Stake; Bloomberg

Fujitsu Ltd., a leading Japanese global information and communication technology company, is reportedly divesting its stake in Fujitsu General Ltd.—the unit that manufactures cooling systems.

The declaration came during its quarterly financial announcement in October 2022. The company revealed that it was planning the sale of its stake in non-core affiliates—Fujitsu General, Shinko Electric Industries Co., and FDK.

Fujitsu owned around 50% and 59% stake in Shinko Electric and FDK respectively—as of the end of September 2022.

Not a Partial Divestment

Fujitsu shared plans to sell its entire 42% stake in Fujitsu General Ltd. as the Japanese IT coalition looks to speed up a business overhaul.

Fujitsu General Ltd. shares are worth an estimated ¥140B ($1.1B).

“We have set certain criteria for the sale and aim to sell 100% of the 42% stake,” stated the CEO Takahito Tokita in a recent interview. “We won’t do it halfway.”

Fujitsu Receives Substantial Bids

In line with its divestiture strategy, the company kicked off the auction process after it had found several long-sought customers, such as Bosch. The initial bids for the procurement were submitted by January 20, as decided. 

Fujitsu General received around ten bids from high-profile strategic investors and private equity firms. However, the company has not yet narrowed down the list of bidders, said ION Analytics

Why Is Fujitsu Divesting its Air Conditioning Unit Stack?

The CEO marked the divestiture as a part of the company’s effort to ensure more streamlined operations, reported Bloomberg, a leading financial news website. 

Even though the CEO refused to comment on the negotiations, he said the company was “happy to have interested parties.”

Fujitsu is the sixth-largest technology services provider in the world (based on yearly revenue). In its heyday, this Japanese giant manufactured almost everything—from smartphones and laptops to integrated chips. 

In order to focus more on IT and communication systems, the IT firm is now divesting non-core affiliates and has already sold off much of its consumer product lineup.

For the fiscal year ending March 31st, 2023, the company predicts its operating profit to reach a staggering ~$3.11B (¥400B)—a jump of 83%. 

However, analysts unanimously agreed that the profit will be ~$280B (¥359B). Fujitsu General expects its net sales to rise 37.3% to a total of ~$297.2B (¥390B). It predicts an operating profit of ¥18B for the fiscal year through March this year—an upturn of 113.2% year-on-year. 

In the report, the CEO underscored the COVID-19 outbreak and geopolitical pressures regarding Taiwan as the biggest factors making Fujitsu extremely vulnerable.

According to the report, policymakers worldwide are vying to hold sway over the semiconductor technology used for military purposes. 

According to RF Globalnet, the USA is pressuring Japan to help clip China’s chip industry. In this circumstance, when Fujitsu is hugely dependent on Taiwan’s semiconductors, Tokito said the divestment would help the company prepare for any emergency.

Navigating Carve-out Challenges to Success

Divestiture is a cross-functional process that takes place on a legal, financial, organisational, and technical level. Even though equity carve-out is a standard strategy of business management among consolidated and dynamic enterprises, the permanent split-off of the IT poses challenges to participants. 

Leveraging a high-end IT carve-out consulting service, such as US-based Fission Consulting, can streamline the transaction process and significantly shorten the separation timeline with minimal business disruption.

Wrapping Up

Being at the forefront of hyperconnected business transformation, Fujitsu combines the power of IoT with AI, and network solutions. The aim is to help future-focused companies cope with technological shifts. Regardless of the reasons behind the divestiture, Fujitsu hopes the divestment would help the company optimise business operations while also maintaining the supply chain.

Categories
Business Marketing & Sales Media & Communications Professional Services U.S

Marianne Schwab, Former National Talk Show Producer, Reveals Five Mistakes Businesses Make When Hiring a P.R. Agency or Publicist

Hiring a public relations agency (P.R. agency) or publicist can be a great way for businesses to improve their image and reputation, as well as increase their visibility. However, it’s important for businesses to avoid making mistakes when choosing a PR agency or publicist, since these mistakes can lead to wasted time and money, and even damage to the business’s reputation.

As a former national network TV talk show producer, Marianne Schwab has worked with P.R. Agencies for over twenty-five years and shares some insight on what to do look for to make a good match with an agency and the business they’ll be representing. She says, “When I produced daily talk shows, I got a lot of pitches from P.R. agencies and some were great, but many publicists were kind of clueless and didn’t understand how to effectively pitch television talk shows to get results for their clients. Overall, publicists are generalists in P.R. and have to pitch print publications like magazines and newspapers or online publications so pitching broadcast outlets like podcasts, radio, and television talks shows and news programs requires an entirely different skill set and contact database that many publicists don’t have.”

Schwab says when businesses or entrepreneurs hire a PR agency or publicist they need to avoid making these mistakes because they won’t just cost money, but they’ll end up with little to no media results which is the goal when investing in a public relations campaign.

Mistake #1 – Not doing their homework. It’s important for businesses to thoroughly research and compare different PR agencies or publicists before making a hiring decision. This includes looking at the agency’s or publicist’s track record, understanding their approach to P.R., and getting references from other clients that include the media results. Schwab says, “It’s also important to look at the types of clients they have worked with and are currently representing for two reasons. First, they need to be the right fit for your industry or aligned with your brand, and second, confirm that they do not currently represent any competitors which would be a conflict of interest. This can sometimes be tricky if you’re thinking about working with a brand that specializes in beauty and skin care. On one hand, they have developed media contacts for that industry that can help you, but on the other hand, they may represent competing products or brands and that can be an issue.”

Mistake #2 – Failing to set clear and realistic goals or objectives. Before hiring a PR agency or publicist, it’s crucial for businesses to have a clear idea of what they hope to achieve through public relations. Goals might include increasing brand awareness, improving media coverage, or managing a crisis, but should also be measurable like securing a specific number of placements in print and broadcast with a specific number of impressions for the audience as well. “PR campaigns do take time to get traction and produce results so you need to be realistic about the time not only needed to achieve these goals,” Schwab says, “but also do not expect national coverage when local media may be far more effective and realistic.”

Mistake #3 – Not communicating effectively. Communication is key to the success of any PR campaign. It’s important for businesses to provide their PR agency or publicist with all relevant information they need to represent the client, including details about the business and its products or services, as well as any challenges or issues that need to be addressed. In turn, the PR agency or publicist should keep the business informed about the progress of the campaign and any opportunities or challenges that arise.

Mistake #4 – Not being open to expert consultation or feedback. A good PR agency or publicist will provide honest and constructive feedback to help the business improve its PR efforts. It’s important for businesses to be open to this feedback and be willing to make changes based on it. Marianne Schwab advises, “Remember that you have hired an expert and your results will depend on how much you respect their advice and heed it. I always love when a client is open to ideas that may push the envelope just a bit since those are the pitches that get the best results.”

Mistake #5 – Overpaying for services: There are also other considerations especially when it comes to the fee for public relations services. “I’ve seen some small businesses and entrepreneurs get talked into buying ‘too much P.R.’ for the size of their business. Retainers for small agencies start around $3,000 per month and the major P.R. agencies charge up to $25,000 and more. Small companies don’t need a big agency and it breaks my heart when I see them invest a boatload of money and get little to no results in media placements especially when I know I can guarantee meaningful media placements for clients,” Schwab comments.

By avoiding these mistakes, businesses can improve their chances of success when working with a PR agency or publicist. A well-planned and executed PR campaign can be a valuable investment for any business, helping to build its reputation and reach new audiences.

Marianne Schwab has worked as a producer for over 25 years in New York and Los Angeles. She is currently the Executive Producer of CMP Media Cafe where she works with clients to develop compelling media hooks and story angles that get them TV and radio interviews in today’s complicated media environment. She shares tips on Instagram and has created an online training that shares her insider secrets to promoting a business on TV talk shows and details the types of guests producers love to book as guests.

Categories
Business Marketing & Sales Media & Communications Professional Services U.S

Ross B. Williams, Founder of Modern Profits, Reveals How Personal Branding Can Be a Game Changer for Entrepreneurs

Personal branding has become one of the most important foundations for entrepreneurs as they build a business and professional reputation to promote their image to their ideal clients and there are three crucial keys to ensure personal branding success. Unfortunately, if these are not part of the initial business strategy, it can derail the best laid out plans since personal branding is much more than color combinations, fonts, and a cool logo. It is, in fact, an essential ingredient for every aspect of marketing a business that includes websites, social media posts, advertising, and everything digital.

Ross B. Williams, founder of Modern Profits, is a Personal Branding Strategist and he says, “When personal branding is done correctly, it will differentiate you from your competition and elevate your reputation, but business branding is very different from personal branding. Not only do you need to understand the difference between the two, but you also must understand why you need both. You can be successful at your business but if your personal branding is not aligned with who you are, you are missing opportunities that ultimately affect your bottom line.” 

Williams, who was recently interviewed on Tampa Bay’s Morning Blend, the local ABC-TV station, has a unique background as a personal branding strategist.  He has contributed multi-sevenfigure sales revenue to several companies with his mastery of sales and uses his business building skills and digital marketing expertise to help successful business owners dramatically increase revenue by transforming their personal brand.  When he works with his clients, he incorporates three crucial keys to ensure personal branding success.

1. Personal branding should reflect the entrepreneur’s authentic self. A personal brand should be an accurate, yet authentic, version of who the entrepreneur is so they attract the types of clients with whom they want to work. According to Ross B. Williams, this is crucial for ultimate success, “I see a lot of successful entrepreneurs promoting their lifestyle on social media, for example, but I have no idea what they actually do, what business they’re in, or how I can help them by referring business. If people don’t know what you do, they can’t refer business to you and that is why a personal brand is so important.”

Ross continues, “The ultimate point to keep in mind is that people buy from people so your personal brand is a reflection of you even when you’re not the face of a company. Since you are promoting yourself, you need to create your branding assets according to your personality. If you are selling something that’s not true to you, others will feel it.” 

2. Entrepreneurs must build their personal brand alongside their business brand. Today, more than ever, it’s not enough to build a business brand, but entrepreneurs need to build a personal brand in tandem as they build their business. Why? Williams advises, “It’s imperative that you begin with the end in mind. If you have an exit strategy when you build your business to sell it five years down the road, you only want to be the ‘face’ of a successful business without having your name tied to the brand because if you do, you can’t sell your business as a separate brand.”

Ross goes on to say, “If you choose to sell your business someday without a personal brand developed alongside your company, you’d have to start another business from scratch and cannot use your name on your business.”

3. The logo and color combinations are just “gift wrap” for a personal brand. Many entrepreneurs start their personal branding with a logo and branding board, but it is much more complex and scientific, according to Williams, “Personal branding starts with how you make people feel with what you do in your business, how you want to be portrayed and have others see you, then you wrap it in colors and design. The graphic designer understands the creative color combinations, fun fonts, and logo design, but most don’t understand which colors, and even fonts, trigger emotions and attract clients to buy from you before they even get to peek inside the box. These are psychological touch points that can dramatically increase sales and ultimately revenues.”

Content creation for personal branding can be overwhelming for most business owners and that’s why Ross B. Williams has put this all together in a done for you package that’s simple for any business owner. The key is not to build a little bit at a time and then try to bring it all together since that’s chaotic or doesn’t match. “Effective personal branding demands that social media, photos, graphic design, and media are cohesive and congruent so that it extends your digital footprint and your omnipresence.” Ross concludes.

Ross helps coaches, consultants, entrepreneurs, and business owners build their personal brand with his brand accelerator package. This helps entrepreneurs perfect their messaging and expand their digital footprint with a website, funnel, social media, and press that seamlessly work together as a cohesive brand that people remember and buy from. 

Ross B. Williams works with clients based in the U.S. and around the world to develop personal branding strategies that get results. He is available for Personal Branding Strategy sessions and can be contacted at RossBWilliams.com or connect with Ross on Instragram.

Categories
Australia Business Food & Beverage Hospitality

NitrousWhip customers make the switch to larger cream charger tanks for maximum convenience

NitrousWhip, a leading provider of high-quality cream chargers, announces a remarkable shift in customer preference towards larger cream charger tanks. Customers are making the switch in search of greater convenience, performance and economy.

Cream charger tanks come in three basic sizes, 0.95 liters, 2.2 liters and 3.3 liters with the 0.95 liter tanks being the most popular amongst customers. The Nitrous oxide tanks can be connected to a whipped cream dispenser via a regulator that ensures the gas pressure is suitable for the whipped cream dispenser. Each cream charger tank comes with a plastic screw in nozzle that can be used to discharge any remaining gas in a controlled manner prior to disposal. The cream charger tanks are made of steel and once empty of gas can be put directly into recycling a bin.

The switch from small bulbs to a large cream charger tank has been driven by several factors. For starters, larger tanks hold more whipping cream gas (nitrous oxide), reducing the need to frequent change bubls. This leads to a more convenient and efficient whipping experience for customers, saving them time and effort in the kitchen. Additionally, larger tanks are more economical, reducing the number of cartridges needed, which ultimately reduces costs.

However, larger cream charger tanks can be bulkier than smaller bulbs, which could be a challenge for some customers. Additionally, the individual tanks are typically more expensive, due to their bulk nature, than the small bulbs, which could be a hindrance for some customers who are on a tight budget.

Despite these drawbacks, the benefits of larger cream charger tanks are clear. When using the power of nitrous oxide, the results are nothing short of amazing. Nitrous oxide is a non-toxic and food-safe gas that is commonly used to whip cream. It provides a consistent and stable supply of gas, resulting in fluffy and stable whipped cream that lasts longer than other methods.

“We are thrilled to see that our customers are making the switch to larger cream charger tanks, they are also becoming popular with various nangs delivery companies such as Nangsta Nangs Delivery” said NitrousWhip’s Marketing Manager James Peterson. “These tanks offer the perfect combination of quality, performance, and convenience, and we are proud to be leading the way in meeting customer demand. We are committed to providing the best products and services to our customers, and will continue to expand our range to meet their needs.”

About NitrousWhip:

NitrousWhip is a leading provider of high-quality whipped cream chargers and whipped cream dispensers, offering a comprehensive selection of products and services to meet the needs of its customers. The company is committed to quality, performance, and reliability, and is known for its commitment to customer satisfaction.

For more information about NitrousWhip and its range of larger cream charger tanks, please visit https://nitrouswhip.com.au/.

Contact:

NitrousWhip

Address: 88 Phillip St, Sydney NSW 2000

Phone: 0468 463 059

<iframe src="https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d37717.986302811645!2d151.15239957305968!3d-33.877548498094775!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x6b12af85bb6bab3b%3A0x37592e930b552e0f!2sNitrousWhip!5e0!3m2!1sen!2sau!4v1675132037912!5m2!1sen!2sau" width="600" height="450" style="border:0;" allowfullscreen="" loading="lazy" referrerpolicy="no-referrer-when-downgrade"></iframe>
Categories
Business Education Marketing & Sales Professional Services U.S

Ross B. Willimas to host The Modern Profits Mastermind Cruise For Entrepreneurs

Orlando, Florida – January 9th, 2023 – Ross B. Willimas founder of Modern Profits is hosting the second Modern Profits Mastermind Cruise For Entrepreneurs. This is an exclusive entrepreneur experience business owners won’t get at other conferences or masterminds. At this mastermind, guests will learn business strategies, tactics, and tips all while networking and enjoying a luxury vacation on a beautiful cruise ship with amazing like-minded people.

During the mastermind attendees will enjoy 3-4 hours a day learning from a dozen expert speakers on how to grow their influence, dominate their market and turn their followers into dollars. Guests will learn skills in personal branding, the art of selling, and authority marketing and so much more. Business owners, coaches, and digital marketers that want more leads and more sales in their business can learn all the new trends from the best in the biz on this cruise.

At this event, entrepreneurs will meet and build relationships with other like-minded industry leaders. Daily activities will be held outside of the conference room to encourage everyone at the event to build meaningful long-lasting friendships and business relationships. Activities include beach cabanas, sailboats, snorkeling, dinners, and nightly networking parties. 

Attendees will enjoy awesome vacation time on an amazing cruise ship, relax in the pool, enjoy the private island and make new adventures on excursions.

The cruise will set sail on January 29th, 2023 on the MSC MERAVIGLIA out of Port Canaveral, Florida (Just outside of Orlando). It will be sailing to Nassau, Bahamas, and the private island Ocean Cay Marine Reserve.

MSC Meraviglia is packed with extraordinary features for the perfect experience at sea. Enjoy gourmet dining and out-of-this-world entertainment with new panoramic areas, an innovative ocean-view lounge, a two-deck “inside promenade” with an LED dome, and a spectacular amusement area connected to an outdoor water park. Best of all, MSC Meraviglia features late-night and overnight stays on our exclusive private island, Ocean Cay MSC Marine Reserve, in The Bahamas

Exclusive to MSC Cruise guests, Ocean Cay MSC Marine Reserve was designed to show their appreciation of the environment and ensure they are doing their part to take care of the planet, all while giving guests a slice of paradise. With docking right on the island, guests can walk straight off the ship and onto 2 miles of white sand beaches where chairs, umbrellas, and cabanas await to help guests sit back and relax beside crystal blue waters.

For more information about the Modern Profits Mastermind Cruise For Entrepreneurs please click the link below.

www.ModernProfitsCruise.com

Categories
Business Finance Retail Services Technology

AMLSafe Integrates Chainalysis To Enhance Its AML Protection Capabilities

LITHUANIA – AMLSafe, the first crypto wallet to protect users from malicious assets, has integrated Chainalysis, the leading provider of crypto compliance and investigation solutions, through its sister company AMLBot, to further enhance the functionality of it’s built-in AML module and provide a more comprehensive and personalised service to our users.

This integration will strengthen AMLSafe’s commitment to protecting users from malicious assets and actors within the cryptocurrency ecosystem.

Slava Demchuk, founder of AMLSafe, commented: “At AMLSafe, we are committed to providing our users with the highest level of security and compliance. This integration with Chainalysis, the leading provider of crypto compliance and investigation solutions, is a testament to our commitment to protecting our users from malicious assets and actors within the cryptocurrency ecosystem. And this integration will enable us to provide an even more comprehensive service to our users, ensuring they can make informed decisions and protect themselves from potential risks.”

Other features that make AMLSafe user-friendly include full iOS 15 compatibility, WalletConnect, a built-in fiat-on ramp that allows users to easily buy and sell crypto using traditional methods, and a built-in decentralised exchange that allows users to securely exchange tokens. The wallet is available on iOS and Android and supports over 14 blockchains, including Bitcoin, Ethereum, BNB Chain, Tron, Everscale, Dogecoin, Ripple and many more, with the team constantly working on more integrations.

Security is of paramount importance to AMLSafe. They take great care to ensure that their wallet is equipped with the latest security measures to protect their users’ assets and personal information, and their primary goal is to help users navigate the complex world of cryptocurrencies with confidence and the highest level of security.

With this integration, AMLSafe aims to be the most secure and user-friendly crypto wallet on the market, offering the best compliance solutions to protect its users’ business and personal assets from potential threats.

About AMLSafe

AMLSafe is the first crypto wallet to protect users from malicious assets through the integration of AMLBot and the PureFi Protocol.

It allows users to verify that counterparties’ assets are clean through a simple, convenient, everyday service with an interface accessible to everyday users.

About Chainalysis

Chainalysis is a leading provider of crypto compliance and investigation solutions, helping businesses and governments prevent and investigate cryptocurrency-related crime. Since its inception in 2014, the company has grown to become a trusted partner to some of the world’s leading exchanges, financial institutions and government agencies.

Categories
Business Finance Law & Legal Services Technology

Leading Crypto Compliance Provider Chainalysis to Join PureFi’s Verified Data Provider Market

HONG KONG – PureFi, the one-stop decentralised compliance protocol for Web3, announced that Chainalysis, the leading provider of crypto compliance and investigation solutions, will become part of its verified data provider market through a partnership with its sister company AMLBot.

Trust is a critical component of any financial system, and it is particularly important in the world of DeFi. However, trust in DeFi is often lacking due to the decentralised and anonymous nature of many blockchain-based systems. The partnership aims to address this by using Chainalysis data as the basis for PureFi’s in-house analytics, which are performed through its sister company AMLBot, to provide a comprehensive, cost-effective and personalised service to clients.

“Chainalysis is a trusted partner with a proven track record in the crypto industry,” said Slava Demchuk, CEO of PureFi and co-founder of AMLBot. “Their expertise and team have enabled them to grow their valuation and customer base, and their services are in high demand by businesses and governments around the world. This partnership will not only strengthen our commitment to protecting users from bad actors within the DeFi ecosystem, but it will also allow us to better serve our customers and support our righteous cause. Together, we will work tirelessly to protect the integrity of the ecosystem and ensure that bad actors are held accountable for their actions.“

Chainalysis has been a leading provider of crypto compliance and investigation solutions since its inception in 2014. The company currently employs over 700 people, more than half of whom have joined the team in the past year. Chainalysis’ various tools monitor over $1 trillion worth of transactions every month, providing valuable insight and analysis to governments and private companies. In addition to its team, Chainalysis has also seen significant growth in terms of valuation, raising $170 million in a Series F funding round that valued the company at $8.6 billion.

About PureFi:

PureFi enables dApps to fully comply with local and global regulations while maintaining decentralisation and user anonymity.

Developed by AMLBot in partnership with the Hacken Foundation to provide a full-cycle crypto-asset analysis and AML/KYC solution for the Web3 infrastructure.

With 5 years of experience in building successful compliance-related projects, the PureFi team has already onboarded more than 30 partners, including projects such as Bitfury Crystal, Gate, NEAR, AURORA and Ferrum Network, and recently received monetary grants from NEAR Foundation, AURORA and Anatha to bring the solutions to their blockchains.

About Chainalysis 

Chainalysis is a leading provider of crypto compliance and investigation solutions, helping businesses and governments prevent and investigate cryptocurrency-related crime. Since its founding in 2014, the company has grown to become a trusted partner to some of the world’s leading exchanges, financial institutions and government agencies.

Categories
Business Computers & Software Professional Services Technology U.K

monday.com Training Should be Outsourced, According to Automation Consultants

THEALE, UK, Jan 16 — Automation Consultants, a leading Agile and DevOps consultancy service, sheds light on the importance of outsourcing monday.com CRM training for improved business performance.

The ever-increasing need for optimised sales performance and fortified customer experience is pushing businesses toward easy-to-use CRMs like monday.com.

With that said, enterprises that juggle multiple siloed systems to track their sales and leads fail to drive business productivity – opportunities get missed, leads drop at a high rate, and the market suffers greatly.

Built on simplicity, monday.com sales CRM is committed to helping companies increase their conversion rates throughout the sales funnel and to winning more deals. However, for organisations that need to configure the CRM system according to their requirements, investing in a monday.com CRM training service is a sensible business decision. 

By handling the complex system setup and configurations, a quality CRM consultancy service helps users invest their efforts and time in what they are best at: clinching sales to maximise revenue. In addition, a service like Automation Consultants’s ensures new tools are efficiently adopted throughout the company. 

By integrating monday.com with essential third-party tools, a high-end CRM training service helps take the complexity out of the process. The result is streamlined workflows and processes that significantly boost business efficiency.

Monday.com offers class-leading automation functionalities and can squeeze out shadow tasks, improve work culture, and help teams bridge silos. 

However, only a top-tier CRM consultancy service can offer a risk-free automation setup while ensuring a smooth roll-out of the system. 

To enable seamless integration with sales and licensing, a CRM consultancy service assigns a dedicated account manager to each client to address their requirements related to training, troubleshooting, licensing, and more. 

Trusted by 600+ global companies, including blue chip customers, Automation Consultants is a UK monday.com Gold Partner committed to delivering bespoke training and system implementation services to monday.com users. 

By acting as an extension of a client’s in-house team, the CRM experts at Automation offer high-end support services in a number of areas—from configuration and migration to best practices. Backed by 20+ years of IT experience, Automation helps teams efficiently strengthen their autonomy while getting the hang of the system with minimal business disruption.

Launched in 2000, Automation Consultants is an award-winning IT consultancy service provider specialising in AWS, Agile, Atlassian, DevOps, and monday.com. It helps organisations bolster their business productivity through DevOps, automation, and digital transformation.

Interested parties can learn more about Automation Consultants at https://www.automation-consultants.com