Bank creates central decision hub with FICO technology to launch new credit strategies 30 percent faster and at 25 percent lower cost
JOHANNESBURG, Nov. 23, 2017 /PRNewswire/ --
African Bank can now launch new credit strategies 30 percent faster at 25 percent lower cost and can make changes to credit strategies in two days instead of two months. The new African Bank, which underwent a restructuring and reopened in 2016, uses FICO decision management software as the central decision-making hub of the bank. This new technology from FICO is said to bring more efficiency, governance and collaboration to the way the bank makes decisions.
The bank's transformation included an extensive review of bank operations, which showed that the existing decision-making processes created inefficiencies and missed opportunities for reacting to the market.
"We had the entire bank look at all existing logic going into our decision-making process, which was fragmented over different applications and teams," said Dawid Van Zyl, program executive credit decisioning at African Bank, who led the team tasked with finding optimal ways to run the business.
The team chose FICO® Blaze Advisor® decision rules management system as the hub for all decision-making. After a short implementation period, African Bank is now using Blaze Advisor for decision services in four major modules, with 11 bespoke environments within those modules. The bank is able to manage all of this with a single easy-to-use interface, and now has full lifecycle control over the entire system.
"Once we started solving difficult scenarios with Blaze Advisor in originations, our management team realized we could expand it throughout the enterprise," said Van Zyl. "The vision is to expand across the entire lifecycle and across many products."
As part of this project, FICO introduced a standards-based decision implementation practice, Decision Implementation Accelerator, to the bank, and worked closely with African Bank to understand how to approach each decision scenario.
"The FICO team is a very good fit for us," said Van Zyl. "We don't see them as a service provider. Even partner doesn't do it justice. The FICO team members are like mentors to us. We get a lot out of this relationship."
"Centralized decision control is the goal of every bank," said Derick Cluley, senior director of client sales, who leads FICO's operations in Africa. "It is a difficult challenge, but essential if you're going to execute true customer-level management. African Bank's far-reaching vision has put them in the best-in-class category for decision management."
FICO® Blaze Advisor® is the world's leading decision rules management system, maximizing control over high-volume operational decisions. Blaze Advisor provides companies with a scalable solution that delivers actionable insights for smarter business decisions regardless of the business challenge. FICO Blaze Advisor is a tool offered as part of the FICO® Decision Management Suite.
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO first came into South Africa in the 1980s helping many South Africans who did not have any credit history to be able to access credit. FICO holds more than 170 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time. Learn more at www.fico.com.
FICO is a registered trademark of Fair Isaac Corporation in the US and other countries.
VANCOUVER, British Columbia, November 23, 2017 /PRNewswire/ --
NetCents Technology Inc. ("NetCents" or the "Company") (CSE: NC / Frankfurt: 26N), is pleased to announce a five (5) year revenue sharing agreement with Aliant Payment Systems ("Aliant") that will see Aliant offering a white-labeled NetCents cryptocurrency processing solution to their network of nearly 7,000 US-based merchants.
Through this agreement, NetCents is white labelling Aliant its streamlined cryptocurrency processing widget. The NetCents platform will be the underlying technology that processes all of Aliant's cryptocurrency transactions and give access to their nearly 7,000 merchants to automatically accept the NetCents Coin as a settlement option after the coin is released into the NetCents ecosystem December 1, 2017.
Aliant Payment Systems has been in business for more than 20 years providing processing services to a variety of industry segments including small businesses, retail outlets, restaurants, petroleum/convenience stores, and merchants in high-risk industries. Annually, Aliant processes over $560 billion and has 15.5 billion transactions.
50 acquiring banks worldwide have authorized Aliant to be the final say and approval on onboarding new merchant accounts, both national and international, into their system - all while offering flexible terms and conditions to business owners.
Clayton Moore, Founder and CEO of NetCents stated, "Our agreement with Aliant allows their merchant network access to both our proprietary digital currency platform and the NetCents Coin. With almost 7,000 merchants in their network, processing over $500 billion a year in transactions, it will provide NetCents with multiple points of distribution over the coming months."
Eric Brown, CEO of Aliant payments said, "Aliant Payments was proud to be one of the first payment processors to offer merchants the ability to accept payments in bitcoin, and now we're excited to offer a digital currency solution that is opening to multiple coins. We look forward to showing merchants what digital currency can do for online payments and what NetCents is doing for businesses transferring value globally."
Mr. Moore closed by saying, "As this relationship grows we look to integrate even more of our respective services and product offerings such as; gift and loyalty cards, point of sale (POS) terminals, and ATM access to name but a few."
Aliant Payment Systems is an international merchant services and credit card processing company, with corporate offices in Fort Lauderdale, Florida. Aliant provides credit card processing and payment processing accounts for businesses worldwide, with a highly professional management staff who offer 14 years of experience in account set up, customer service and development. Aliant has aligned itself only with the finest in the industry when it comes to providing merchant services. Additionally, Aliant offers a complete line of credit card machines and ATMs to offer the highest in convenience and efficiency to your business and its customers.
NetCents is a next-generation online payment processing platform, offering consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry-free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online. NetCents Technology is integrated into the Automated Clearing House ("ACH") and is registered as a Money Services Business (MSB) with FINTRAC, which ensures our consumer's security and privacy. NetCents is available for deposits from 194 Countries around the World, providing you with the freedom to choose to Pay. Your Way.?
On Behalf of the Board of Directors
NetCents Technology Inc.
Clayton Moore, CEO, Founder and Director
NetCents Technology Inc.
Suite 880, 505 Burrard St (Bentall 1),
Vancouver, BC, V7X 1M4
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
STOCKHOLM, Nov. 23, 2017 /PRNewswire/ -- Bublar (BUBL MTF), a publicly listed Sweden-based augmented reality software company, today announced the launch of Placie, a social mobile app that lets users share moments with the world around them, in the most creative ways. Available for both iOS and Android, the app combines augmented reality and location-based technology allowing users to create and publish virtual objects and photos that appear in real world geographic locations.
Placie users can take photos, decorate them with creative elements like stickers and text and instantly add them to a specific location, for anyone to discover through the world map.
"Placie connects people and places through shared experiences in a playful social environment," said Wictor Hattenbach, Creative Director at Bublar. "Liking, commenting, sharing and following are all possible within Placie, but what sets the app apart is the ability to explore location-based images in real-time via the augmented reality mode. Plus, users can even earn rewards based on their usage."
Why Use Placie?
A Virtual World of Possibilities
Whether a user has a trip planned to Tokyo and wants to check out the hot spots or they wish to contribute to a virtual view of their neighborhood, the Placie app adds another dimension of location-based discovery. Based on Bublar's proprietary software platform, Placie represents the first phase for the company in augmenting the entire mobile experience.
"We predict an exciting evolution of applications based on Bublar's proprietary software platform," said Magnus Granqvist, Bublar's CEO. "Our vision is to elevate the user experience for social apps by integrating augmented reality and geolocation. Our team is thrilled to lead the way forward and dedicated to expanding Placie while working on future applications for the platform."
The Placie app is free for anyone, anywhere to download and enjoy. Placie currently monetizes the app through optional in-app purchases. Users can buy coins to redeem for enhanced sticker packs etc. directly within the app or redeem the coins they've earned from their app activity. Explore and share with the world around you. Download Placie for iOS or Android today.
For more information and press kit, please visit placieapp.com
Founded in 2015, Bublar is a Swedish software company with a mission to merge the real and imaginary worlds using augmented reality. Its proprietary platform blends augmented reality with geolocation to create a more immersive mobile experience for mobile gaming and other apps, supporting millions of users in real-time. The company's launch of Placie, a social mobile app that lets users share moments with the world around them, marks the company's first step towards its pioneering development of next generation mobile experiences, in-house and with select partners.
Bublar is listed on NGM Nordic MTF in Stockholm, Sweden.
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STOCKHOLM, Nov. 23, 2017 /PRNewswire/ --The semi-annual Ericsson (NASDAQ: ERIC) Mobility Report delivers unmatched insights into the present and future of mobile technology usage as well as the proliferation of IoT and connected devices. Please join us for an exclusive one-hour webinar for the launch of our November 2017 edition.
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Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 experts who provide customers in 180 countries with innovative solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.
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