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Karta.io Joins Visa’s Fintech Fast Track Program

500NewsWire

( 500NewsWire )— U.S. startup Karta.io, the financial OS for e-commerce teams, today announced that it joined Visa’s Fintech Fast Track Program. Through the program, Karta.io will have access to the tools and resources needed to scale its business using the reach, capabilities, and security that VisaNet, Visa’s global payment network, offers. Through Visa’s Fintech Fast Track Program, Karta.io is now able to build and expand new spend management experiences for business and build a financial ecosystem for managing company cash flows with advanced tools for organizing expenses and control over business finances. Karta.io offers a single platform for e-commerce businesses to understand, run and grow their business. It works to give e-commerce budget automation, easy-to-understand insights over working capital, business accounts and unlimited virtual cards. Built to regain control of company budgets, it offers multiple virtual cards in one click, spending rules for every user, effortless team management, and real-time expense tracking.The service is built by serial e-commerce and fintech founders and strives to solve the problems e-commerce companies face in daily financial processes. “The e-commerce market is exploding in terms of revenue and active businesses. E-commerce teams rely on patching together a finance stack from multiple providers for banking, accounting, tax, and credit — none of which is designed for their needs. When a business starts to grow, teams have to track the numbers daily. More transactions and budgets build complexity. Teams face problems with keeping track and cash forecasting becomes a huge challenge. This results in the teams going to the DIY solution realm, losing money on processes, departments, software, and software control. This is becoming a huge problem for the e-commerce global market, which is growing rapidly: eMarketer predicts it will reach $6 trillion by 2024,” said Nik Zimarkov, the CEO of Karta.io. Visa’s Fintech Fast Track Program will give Karta.io access to Visa’s growing partner network, and the support of experts who will help the company to reach the next level of functioning in the most efficient way. The program provides turnkey access to Visa’s ecosystem partners, online licensing and APIs, and extensive go-to-market toolkits, analytics and consulting platforms. Learn more about Visa’s Fintech Fast Track program at https://Partner.Visa.com. “Karta.io has always placed an emphasis on innovation and our partnership with Visa now gives us the resources to support our initiatives as we quickly scale,” said Nik Zimarkov, the CEO of Karta.io. “Visa’s Fintech Fast Track Program is a very strong project that could change the financial industry of the future.We are proud to be a part of this program”. “At Visa, we understand a shift to e-commerce has impacted how businesses both spend and receive money.” said Vanessa Colella, SVP and Global Head of Innovation and Digital Partnerships at Visa. “By joining Visa’s Fintech Fast Track program, exciting Fintechs like Karta.io gain unprecedented access to Visa experts, technology, and resources to efficiently scale and bring innovative solutions to market.” About Karta.io Financial platform designed for e-сommerce. Karta.io provides business accounts, smart virtual cards, transparent credits, cash flow insights, and budgeting tools to help companies reach their financial goals and grow faster. Media Contact: Anna Nowak pr@karta.io https://karta.io Contact Details Anna Nowak pr@karta.io

November 10, 2022 08:32 AM Eastern Standard Time

A Potential Game Changer In DAO Tooling? Ink Finance Raises $4M And Releases Beta Version

Ink Finance

In a landscape filled with decentralized autonomous organization (DAO) tools, Ink Finance ($QUILL) set out to develop a protocol that was easy to use, scalable and flexible enough to serve the daily governance and financial execution needs of both small, loose-knit organizations and large, professionally managed DAOs. After two rounds of funding this year, Ink Finance says it has raised a total of $4 million from leading institutions in the crypto space. The capital has helped the team complete the open beta version of the DAO financial toolkit. Ink Finance’s goal is to become the gold standard in financial DAO construction and operation. Here's an overview of the key features released in the beta version and what the full INK web app will soon offer. The Beta Version Of Ink Finance’s No-Code Experience For DAOs Typically, blockchain-based DAOs have to invest heavily in infrastructure and development to implement a secure and reliable framework for delivering products and services over blockchains. Ink Finance says its web app will be the first tool to effectively close the loop between decision-making and on-chain financial execution by fully integrating organizational governance with on-chain financial execution. Instead of piling multiple DAO tools together, the INK app can automatically execute the results of critical decisions like treasure creations or revenue audits. The modulated platform creates a no-code framework with which DAOs can easily configure governance, financial functions, products and integrations. These modules make it easy for users to pick the features and functions they want and implement them in a plug-and-play fashion. Not only will that make it easier to create a DAO, it makes the framework flexible and scalable as users can set up new features and functions as they grow. The open beta version doesn’t have all the features that will be included in the full release, but it includes some of the most critical components of the governance module for creating and operating a DAO including proposals, voting, treasury management and community incentivizing. Users can create DAOs with voting parameters, set up treasury vaults and treasury managers, manage payroll and one-time payments, audit income revenues, test identity verification protocols and the ability to operate across multiple blockchains. That multichain functionality is another area where INK stands out. INK’s migration tools make it easy to move an entire operation to a new blockchain without needing to redevelop new infrastructure. Users can also monitor liquidity generation across all blockchains and aggregate it in one main capital book. Similarly, they can consolidate all voting resolutions into the Master DAO. Essentially, INK makes it possible for DAOs to set up their organization once and do business everywhere. Since going online in July, the beta release of INK is already being put to the test by top-tier DAOs like Mirror World, Polytrade ($TRADE) and Solv Finance ($SOLV). INK also deployed on the Binance Smart Chain network, the largest blockchain in the world with more than 13 million transactions per day, expanding the toolkit’s reach to DAOs all around the globe. While some of the INK app’s most impressive features are already available for users to test out in the beta version, the full release will add even more advanced features like on-chain-issued non-fungible tokens (NFTs) and other decentralized finance products and cross-chain financial governance. INK plans to gradually release additional modules and features over the coming months, with Community Management functions slated for January 2023 and a fully integrated INK Economy on all deployed testnets by February 2023. Ink Finance is a DAO governance toolset, enabling all kinds of ecosystems to establish governance economy, manage internal finance, and connect with DeFi investors everywhere, through a no-code user experience. As a Financial SaaS built on blockchain, Ink Finance has the most comprehensive financial engineering tools to support on-chain issuance, settlement, clearing, and analysis of Non-Fungible Financial Products.Ink Finance is backed by heavy weight eco builders such as Republic Crypto and DeFi Alliance, partnered with cutting-edge solution providers such as Humanode, Astra, SolvFinance, Polytrade and deBridge, etc. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Camille Zhang camille.zhang@ufit.live

November 10, 2022 08:00 AM Eastern Standard Time

6WIND and Open Valley announce strategic partnership in the Middle East and Africa Region

6WIND

6WIND, a leading high-performance virtualized & cloud-native networking software company today announced its partnership with Open Valley to help expand its outreach in the MEA region. 6WIND is pleased to announce its partnership with Open Valley to establish itself in the Middle East and Africa region. Open Valley is the leading System Integrator and Solutions Provider in the Middle East and Africa with a focus on open networks, telco-cloud, and software-driven networks. "In MEA CSPs and MNOs have started their network transformation journey towards virtualization, cloudification, and net-zero carbon emissions. 6WIND’s unique software-centric portfolio, 'Fully Virtualized, Containerized, and Cloud Native,' will pave the road for network transformation for our clients in the Middle East and Africa." commented Ahmed Rady, President and CTO of Open Valley. 6WIND deliver high-performance and secure Virtual Service Router (VSR) Software Solutions, which are deployed bare-metal, virtualized, or containerized on COTS servers in private and public clouds. The 6WIND VSR Software Solutions help reduce the carbon footprint by lowering the energy consumption by more than 50%, cost-effectively without sacrificing performance by drastically reducing the hardware servers required. The 6WIND VSR Product Suite; vPE, vCSR, vSecGW, vCGNAT, vBR & vCPE, have proven their energy-saving capabilities and their impact on reducing the carbon footprint. These solutions deliver high performance, security, scalability, flexibility, openness, and agility, to global CSPs, MNOs, Cloud Providers, Data Centers, and Enterprises. These are deployed bare-metal, virtualized, containerized, or cloud-native on COTS servers in private and public clouds. “We are very excited to partner up with Open Valley to expand our footprint in the MEA region, where service providers are very keen to accelerate their network virtualization and cloud-native journey to meet their efficiency and sustainability goals!”, said Julien Dahan, CEO, 6WIND About 6WIND 6WIND is a Green Tech Virtualized & Cloud-Native networking software company and the worldwide leader for Virtual Service Router software solutions. 6WIND software is deployed globally by CSPs, MNOs, Cloud Providers, Data Centers & Enterprises, allowing them to replace expensive hardware & build their new 5G networks with virtualized networking software solutions for routing and security use cases. 6WIND has a global presence with Headquarters based in Paris - France, Santa Clara, CA - USA and Singapore.Social follow - LinkedIn & Twitterwww.6wind.com Contact Details 6WIND Neelam Bahal, VP Global Marketing +44 7805 090701 neelam.bahal@6wind.com Company Website https://www.6wind.com

November 10, 2022 08:00 AM Eastern Standard Time

Airly secures new $5.5M funding round to fight air pollution and save lives

Airly

Air pollution is the most-pressing environmental health crisis of our time with approximately nine in 10 people around the world breathing unclean air. Helping to spotlight this existential threat, cleantech startup Airly is today announcing a $5.5M series A funding round as it targets cleaning the air by understanding the exact sources based on sensor data and comprehensive actionable insights. The funding round was led by firstminute capital and Pi Labs with participation from existing investors including. Sir Richard Branson Family Office, AENU, Untitled and new investors including Slack co-founder Cal Henderson, Snowflake co-founder Marcin Zukowski as well as institutional investors Semapa Next and TO Ventures. With this funding round, Airly has raised $8.8M from investors since March 2021, as it now scales to realize the potential of its complete air quality monitoring platform and supporting local governments determined to fight for clean air with an end-to-end solution. The Airly platform provides solutions for air quality monitoring to local governments, companies and local communities in over 40 countries. They use sensors to observe data and now Airly will be able to provide a complete dashboard enabling users to go one step further. They will be able to monitor the data and obtain actionable insights that will translate into effective actions to improve air quality and understand their impact on health and well-being. The dashboard will offer multiple features including a report generator, insights, impact tracker and the city ranking. Wiktor Warchałowski, CEO and co-founder of Airly commented: “With the funding round we are going deeper with our users. Monitoring with our sensors has helped bring the issue to the surface and now with our dashboard offering actionable insights and nudges, we believe this will be the catalyst that helps move measures and policies into place to repair the air we breathe.” Recently, Airly launched the largest air quality monitoring network in a European city by installing 165 sensors in Warsaw. Similarly large networks have also been launched in the UK (Birmingham and the London boroughs of Lambeth, Haringey and soon Southwark) and Indonesia (Jakarta). Airly has also strategic partnerships with the likes of JCDecaux, NHS, NILU (Norwegian Institute for Air Research) and is a key partner in the European Union’s Horizon 2020 funded DivAirCity project. Airly impact studies have proven that cities with a dense network of air quality sensors are achieving faster reduction in air pollution. Since 2019, four cities from the C40 group (a global network of cities taking urgent action to confront the climate crisis) with dense monitoring networks (Jakarta, Lisbon, London and Warsaw) have improved their overall air quality by 16% (compared to 5% improvement made by cities without dense networks). “ Trailblazers in London are showing how real-time local air quality data is the catalyst for taking action to make our urban spaces healthier and more sustainable. I expect many cities and local authorities to follow their leadership, starting with more precise and local data. Airly is at the forefront of building this data infrastructure and our fight against air pollution, and we’re very proud to continue our support by co-leading their Series A” - says Brent Hoberman, co-founder and Executive Chairman of Founders Forum and firstminute capital. More than 10 million people die each year from air pollution. Exposure to air pollution increases the risk of stroke, dementia, heart disease, lung cancer and chronic respiratory diseases, with children particularly vulnerable. Last year, the World Health Organization tightened up on safe levels of air pollutants. Airly is the first platform worldwide to include the new index in its analytical tools and free-to-use community tools (incl. mobile app and web application). Stefania Ponzo, Partner at Pi Labs, commented: “ The ways in which towns and cities contribute to our health and wellbeing will shape how we live for years to come – and air quality plays a huge part in that. We believe Airly’s solution will become an essential tool in cities around the world, helping to improve liveability standards, reduce emissions, and ultimately, getting us closer to sustainability and wellness goals. We are excited at the prospect of partnering with a team that can truly go global with its impact.” About Airly Airly offers a comprehensive SaaS solution for air quality monitoring and control. It is possible by a proprietary low-cost distributed sensor network delivering hyper-local real-time air quality data. Airly provides governments, enterprises and communities decision-ready data on air quality. Airly enables organisations to monitor air quality, analyse trends and sources, develop targeted initiatives to combat pollution, and track improvements. Thanks to that, they’re supporting organisations in their journey to eliminate pollution, improve air quality and protect public health. Airly recently won a number of landmark public tenders such as London’s Borough Lambeth, Birmingham and one of Europe’s largest contracts with the City of Warsaw. Airly can build on a significant and ever growing customer base comprising over 600 local authorities. The company also cooperates with global brands such as JC Decaux, Bolt, E-on, Philips, Skanska and Veolia. For more information visit www.airly.org Contact Details Airly Marcin Gnat +48 507 416 727 m.gnat@airly.org Company Website https://airly.org/en/

November 10, 2022 07:00 AM Eastern Standard Time

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Volatus Aerospace Announces Closing of Synergy Aviation and iRed Remote Sensing Acquisitions

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to report that it has completed the acquisitions of Synergy Aviation of Edmonton Alberta, first announced on October 13, 2022 and iRed Remote Sensing of Emsworth, England, first announced on October 28, 2022. Synergy Aviation provides Volatus with a strong position in Oil and Gas infrastructure monitoring with the ability to introduce green drone technologies to provide a competitive advantage for growth in that sector. The addition of iRed reinforces the company’s offering in infrared inspection and expands its geographic presence in UK and Europe. “The addition of these two companies adds approximately $7.5MM in proforma revenue and $1MM in proforma EBITDA for the first nine months bringing Volatus proforma revenue to $30MM with a proforma EBITDA of ($1.63MM) for the first 3 quarter,” said Abhinav Signhvi, Chief Financial Officer for Volatus Aerospace. “The strong sales and positive EBITDA are particularly encouraging on the heels of our recently reported Q3 2022 revenue of $11.12MM with an EBITDA of $39,547.” “Our M&A strategy of adding accretive companies such as these to our portfolio provides added financial strength and strategic advantage consistent with our long-term vision,” added Glen Lynch, CEO of Volatus Aerospace. *Non-IFRS measure. Earnings before interest, taxes, depreciation and amortization ("EBITDA") should not be construed as alternatives to comprehensive loss or income determined in accordance with IFRS. EBITDA does not have any standardized meaning under IFRS and, therefore may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as IFRS net loss excluding interest expense, depreciation and amortization expense. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

November 10, 2022 06:30 AM Eastern Standard Time

STARTRADER, as a Titanium Sponsor, wins the award of the Fastest Growing Broker at the Dubai Forex Expo 2022

Startrader

Forex Expo Dubai 2022 The fifth edition of the annual Forex Expo Dubai, which was held at the World Trade Center on October 19 th and 20 th, 2022, was organized by the well-known name in the ForexExpo world, HQMena. HQMena has been successfully arranging events that bring forex enthusiasts, brokers, and financial specialists closer to each other. The Forex Expo Dubai is one of the largest and most important events in the forex world. Featuring 100+ FinTech companies, 5000+ investors, important FX brands, and technology providers, the event brought together industry leaders from around the world and gave them the chance to connect and exchange the latest updates. To raise capital market awareness and understanding among traders and investors, financial markets experts delivered keynote sessions at the two-day conference held in conjunction with the Forex Expo. STARTRADER as a Titanium Sponsor at the Forex Expo Dubai STARTRADER, a titanium sponsor, put together a professional-looking and unique booth that highlighted the brand’s unique star advantages. The team also organized engaging activities to create a friendly atmosphere and gave away souvenirs. STARTRADER ’s booth number 80 was easily and remarkably noticeable as the professional sales team interacted massively with the event’s attendees, answered their questions, and gave them more details about the brand and what it offers to the clients. STARTRADER Seminar at the Forex Expo Dubai 2022 “The Energy Market under the Microscope” was the topic of the main seminar presented by STARTRADER ’s Chief Market Analyst, Mohammad Burqan. In this seminar, he introduced detailed explanations of what is happening in this market around the world. Mr. Burqan also took part in the panel discussion “How to transform data into knowledge in the FX trading market” and shared insightful ideas on the topic. STARTRADER as the Fastest Growing Broker It was a proud moment for STARTRADER to receive the Fastest Growing Broker Award at the Forex Expo Dubai. The team keeps improving and growing because it's their aim to be as close to the clients as possible and to provide them with excellent trading and business experience. A reliable trading environment, ultra fast execution, 24/5 dedicated client support, and trading opportunities on 170+ products are some of the main advantages that gained the brand its clients’ trust and helped it achieve such great success and growth. What Makes STARTRADER One of the Best Growing Brokers? Because its clients' satisfaction is its top priority, STARTRADER is among the few brokers that take the lead in innovating and improving the technology used in the financial services sector. Additionally, STARTRADER creates the perfect fusion of speed, technology, and accessibility. Through its Copy Trade, Web Trader, MT4 and Social Trade platforms, it provides the opportunity for traders around the world to trade seamlessly and efficiently. It also offers the partners unbeatable programs that are backed by top institutional liquidity as well as a wide range of customizable solutions, commissions, offers, and more. STARTRADER managed to get closer to the clients in regions like MENA and LATAM, and offered them good localized service. It still aims to expand beyond that. Disclaimer: STARTRADER provides leveraged derivative products including forex and CFD. Please note that leveraged products may NOT be suitable for all investors since these carry a high level of risk to your capital and it is possible to lose more than your net deposit. It is your responsibility to fully understand that when trading on a margin or leverage basis, your capital is at risk, and carefully consider your investment objectives, trading knowledge, experience, and affordability. Please do not trade if you are unable to afford the loss the trading may bring. It is recommended to consult independent and professional suggestions if you have any questions or concerns about the product STARTRADER provides. Please note that STARTRADER do NOT intervene or take responsibility for the loss caused by following trading advice or copy trades. STARTRADER LLC is a company duly incorporated in Saint Vincent & The Grenadines under Number 228 LLC 2019 to provide margin FX and CFDs trading services for global investors. Contact Details STARTRADER Startrader Support +886 910 215 893 INFO@STARTRADER.COM Company Website http://www.startrader.com/

November 10, 2022 05:00 AM Eastern Standard Time

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Adam Nasir A Fast Rising SaaS Founder Has Created The Perfect Software Solution After A Google Search Failed To Help

Smarter Contact

Adam Nasir, the founder of Smarter Contact began his professional career as a real estate investor, purchasing and selling hundreds of properties. The year was 2017, and he was looking to close more deals in his business by reaching out to a large number of people in a short amount of time. He found texting was helping him get their attention faster. Wondering if he could send many messages at once, he ‘Googled’ it and didn't find a good solution. That is when the initial idea of "Smarter Contact" came to his mind, and he never looked back. “I was surprised to see no one was taking advantage of SMS marketing. People are glued to their phones 24/7 - young or old, our phones are with us at all times, so it’s a no-brainer for businesses to communicate on this channel. My goal was to build personal relationships from my businesses directly with consumers. Fast forward a few years, this is what we are helping businesses do with Smarter Contact.” Revealed Adam. Smarter Contact is an outbound SMS marketing software with a built-in CRM (Customer Relationship Management) system. It became really successful due to the user interface being both highly effective at nurturing leads in all stages and simple to use. Sean Terry, CEO of Flip2Freedom and one of their top customers is quoted as saying “ Smarter Contact is hands down the best lead-gen tool. I've tried every SMS software out there, this is the only one that truly delivers ” Smarter Contact provides its customers with an all-in-one solution to convert and close more leads. The software provides many valuable services like a robust CRM, skiptracing, a phone system, and ringless voicemail (RVM) amongst many other valuable tools for businesses to stay in touch. Text messages have been proven to have a 99.8% open rate, which is significantly higher than the current email open rate hovering around 25%. “You’re probably holding your phone right now as you’re reading this. Your customers are no different - they have their phones with them all the time. Mobile marketing is hands down the most effective at getting attention…” Suggested Adam. Using his software personally, Adam 6xed his own real estate business. He realized that this could genuinely benefit other businesses in the country. The initial version of the software took off in its first year of launch and delivered so many results for clients that he realized this was going to be big. Like most startups, Smarter Contact had its share of teething problems. In early 2020 the original software developer who helped bring Adam’s vision to life disappeared, without any documentation to continue. Adam wasn’t going to let go of his dream that easily. On the verge of losing everything, he found a team of software developers in Ukraine that stabilized and further optimized the text messaging software. “We are relentlessly focused on our customers and their experience. We have spent a lot of time making the software as easy to use as possible. So that anyone who uses the software can jump in and figure it out while receiving the highest conversion possible.” explains Adam. Smarter Contact is a fast-growing SaaS company that started with a small team. Due to the company's immense success, a recent business expansion has occurred, and the Smarter Contact team has grown over 50 employees in 3 years. The company has now branched out into many industries, including for real estate agents, ecom, lending, automotive offering tailor-made SMS marketing solutions for companies all over America. Contact Details Smarter Contact Adam Nasir inquiries@smartercontact.com Company Website https://smartercontact.com

November 09, 2022 10:06 AM Eastern Standard Time

BIO-key’s Integrated Solution Could Help Provide A Cost-Effective Cyber Insurance Solution

BIO-key International, Inc.

Organizations that rely on computers and digital media to accomplish vital business tasks would likely have cybersecurity as one of their primary concerns today. Banks and financial institutions must be especially careful about cyberattacks as they store vast amounts of their customers’ personal and financial data and any breach could result in huge financial losses for them and their customers while also resulting in complicated lawsuits. Customers rely on banks to deploy first-class security measures to safeguard their most valued possessions, financial assets, and information, making trust the most critical component when deciding on who to bank with. When a financial institution falls victim to a data breach or cyber attack, it results in irreparable damage to the foundational trust that underscores the customer-bank relationship. The healthcare industry also stores mountains of sensitive data, including patients’ personal information and medical history, and any data security breach causes untold damage to the reputation of the hospitals and the trust with their patients. The healthcare and financial services industries are required to adhere to strict compliance regulations like the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the Payment Card Industry Data Security Standard (PCI DSS). To meet strict compliance laws, organizations must implement more robust and harder-to-hack security systems. What Is Cyber Insurance? If a company falls victim to cybercrime and a costly breach occurs, it may not have adequate resources to recover from the damage inflicted by the crime or to recuperate losses. In such cases, cybersecurity insurance may be required to minimize losses and ensure the attacks do not completely cripple the business. Cyber insurance is designed to help businesses and individuals hedge against internet-related risks and liabilities, including the potentially devastating effects of cybercrimes such as malware, ransomware, distributed denial-of-service (DDoS) attacks, or other methods used to compromise a network and sensitive data. It’s typically cheaper to obtain insurance coverage than to pay for recovery efforts and backup services from a company’s own funds if it is attacked and is often required by industry regulators. According to IBM (NYSE: IBM), the average cost of a data breach was $4.24 million in 2021, a 10% increase from 2020. In 2019, a major provider of credit cards and consumer lending Capital One Financial Corp. (NYSE: COF) experienced a large data breach that impacted 100 million people in the United States. According to Reuters, this event resulted in an $80 million penalty apart from customers leaving the Capital One platform. Fortunately for the company, Capital One had $400 million in cyber insurance and was able to avoid severe financial repercussions. Cyber Insurance By Itself Is Not The Answer While many organizations are looking to add cyber insurance to their security arsenals, they may end up paying very high insurance premiums if they do not already have a strong cybersecurity solution in place. BIO-key International Inc. (NASDAQ: BKYI), a provider of secure access-management solutions, believes it may have the right tools to help. The company says that its Multi-factor Authentication (MFA) solutions offer the dual benefits of securing the workplace from cyber attacks, while also ensuring a lower cost on cyber insurance. Insurance premiums increasingly tend to be extremely high when the company does not already have adequate security solutions in place. Multi-factor Authentication is a process that enhances login security by requiring users to verify their identity with more than just a username and password. BIO-key’s authentication solution involves the use of Identity-Bound Biometrics (IBB), a type of authentication that verifies the identity of the individual behind the keyboard through biometric factors like fingerprint and palm scanning and face recognition. Its signature product — PortalGuard® IDaaS (identity-as-a-service) — supports various authentication options to meet the security goals of most modern organizations, according to the company. PortalGuard enables accessibility to a suite of apps from multiple devices without requiring the user to manage numerous difficult-to-remember passwords. Its MFA aspects, including biometric authentication options like IBB, prevent unauthorized access to business applications, which may be especially beneficial in post-COVID times where working remotely has almost become the norm in most organizations. A cyber insurance policy is not a substitute for cybersecurity. Companies still need to have a complete security suite installed to remain protected. Cyber insurance can help soften the blow caused by a security breach, complementing the cybersecurity solution in place and serving as part of an overall cyber risk-management plan for companies. To learn more about BIO-key’s MFA solutions, visit its website. BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software managing millions of users. Its cloud-based PortalGuard IAM solution provides cost-effective, easy to deploy, convenient and secure access to devices, information, applications, and high-value transactions. BIO-key's patented software and hardware solutions, with industry-leading Identity-Bound Biometric (IBB) capabilities, enable large-scale Identity-as-a-Service (IDaaS) solutions, as well as customized on premises solutions. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Catalyst IR- William Jones, David Collins +1 212-924-9800 BKYI@catalyst-ir.com Company Website https://www.bio-key.com/

November 09, 2022 08:00 AM Eastern Standard Time

More than half of American consumers worry they won’t be able to pay their bills on time, Lexop study finds

Lexop

A recent survey by Lexop reveals that American consumers are increasingly concerned about their ability to pay their bills. Whereas 52% of consumers had previously paid their debt in full and on-time in the last year, now nearly 60% admit to being worried about their ability to pay bills over the next six months. Lexop’s online survey of more than 1,100 Americans in September of 2022 reveals how growing financial strain is forcing consumers to prioritize the payment of recurring bills. Survey respondents ranked mortgage and rent payments first, followed by utilities (water, electricity, and gas), car loans, phone/internet bills, and personal loan payments. When asked about the primary reason for being late on a bill, 34% of respondents said they simply forgot, and 28% were late due to a lack of money. Respondents aged 30-44 were most likely to be late because of cash flow constraints (35%), as opposed to those 60+, who were the least likely (16%). The vast majority of survey participants (72%) disclosed they were late in paying because of non-financial factors such as invoicing errors, missing bills, payment method issues, and more. This information highlights the importance of positive interactions between organizations and their past-due customers. “There’s plenty of room for improvement when it comes to customer experience for past-due customers,” said Amir Tajkarimi, Chief Executive Officer and Co-founder of Lexop. “Debt collection isn’t a one-size-fits-all process. Consumers have diverse preferences, habits, communication styles, and financial concerns that must be considered when building effective debt recovery strategies.” “Going digital is the fastest route toward providing past-due customers with payment options that make sense to them,” noted Tajkarimi. Of those surveyed, 46% said that implementing flexible payments, installment plans, and other solutions would make it easier for them to pay their bills. More than 35% wanted digital reminders via text or email, and only 9% preferred a more traditional approach, such as collection letters or phone calls. Companies can infuse a customer-centric mindset into their collections practices by embracing available technologies and making strategic investments in automating processes. With a combination of digital contact methods, hyper-personalized payment reminders, flexible payment plans, and convenient online payment options, companies can trace a path of least resistance for their past-due customers. Most customers will experience being past due at some point. Organizations can take this as an opportunity to build their brand, improve cash flow and shorten collection cycles. A digital-first debt collection strategy can help improve the past-due customer experience and prompt debtors to work with their creditors to find solutions that benefit them both. “When executed correctly, the past-due experience can be a positive, loyalty-building component of the customer journey,” said Tajkarimi. “Empowering consumers to work with collectors toward meeting their payment goals is the best way to foster healthier business-customer relationships that will ultimately result in increased debt recovery and customer retention,” he finalized. Lexop is a venture-backed fintech that helps companies retain past-due customers by facilitating payment and empowering them to self-serve. Lexop’s customer experience platform offers the benefits of personalized outreach at scale while affording consumers the flexibility to choose the payment scheme that best fits their situation. Learn more at www.lexop.com. Contact Details Lexop Laura Chambers, Marketing Director laura.c@lexop.com Company Website https://www.lexop.com

November 09, 2022 08:00 AM Eastern Standard Time

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