ReportWire

Tag: FinTech

  • DNotesEDU Prioritizes Investor Protection in Cryptocurrency Education

    DNotesEDU Prioritizes Investor Protection in Cryptocurrency Education

    Press Release



    updated: Feb 19, 2018

    Cryptocurrency education platform DNotesEDU has announced a massive upgrade, offering expanded content that provides entry-level educational material focusing on cryptocurrency and personal finance. According to DNotesEDU education director Brandon Cheliak, the changes are an effort to address the cryptocurrency market’s current lack of sound information about investor protection and education.

    The DNotesEDU platform is focused on empowering individuals with the knowledge they need to be able to make sound cryptocurrency investments. The additional educational material is designed to fill in the gap between what the average ‘mainstream’ investor finds easy to understand, and what the industry considers “beginner friendly”, with the following guide:  
      

    If Cryptocurrency Confuses You…  Start Here  

    DNotesEDU provides a wide range of FREE educational material consisting of easy to understand guides, explanations, and industry videos. For those wishing to delve deeper into the technology, they can check out the material in the sub-module Cryptocurrency Education: Free Courses. Interesting articles and news briefs are included in the modules to enhance the learning experience. Videos are used to help explain concepts such as blockchain, mining, proof of stake, proof of work, wallets, smart contracts, and more.

    The content-rich site is also focused on helping investors assess risks and identify potential red flags. As Cheliak notes, “It’s common for new technology industries to see their fair share of con-artists coming up with clever ways to dupe unsuspecting investors. Among these cons are various forms of paid cryptocurrency ‘education packages’, sometimes with complex tier structures, and often with great promises of wealth. It is very important that people educate themselves.”

    Cheliak said that DNotesEDU recognizes the difficulty people will have made the transition to a digital financial world of cryptocurrencies. The platform is committed to providing those people with information about money, the financial system, and other important factors to help them protect themselves against potential financial fraud.

    The information has been designed to be entry-level, explaining investment products, strategies, and styles using short videos and other easy-to-understand mediums. The content-packed sections are broken down into modules and sub-modules. An index at the bottom of each page provides a link to material covering different concepts and terms.

    Cheliak stressed the important role that education can play in protecting investors. “Critical to investor protection is having sufficient knowledge of the risks associated with various investments, especially cryptocurrencies and Initial Coin Offerings (ICO),” he said. “ICOs are facing regulatory scrutiny, and investors need to know how these regulations will affect their investment. At present, ICOs represent an extreme level of risk, especially to new investors.”

    To protect investors and give them some of the tips and resources needed to evaluate the various cryptocurrencies and Initial Coin Offerings, DNotesEDU has prepared a Cryptocurrency & ICO Screening Guide for Investors. The guide is for those who are interested in investing in cryptocurrencies or ICO tokens, understand that it is high risk, but have no idea what to look for in the 1500 coins and tokens available. It is not intended as financial or investment advice.

    A Security module has also been included, with a basic introduction to “Online Security & Fraud Protection”. Short beginner level videos will acquaint the reader with the ever-present danger of financial or identity theft that occurs without proper email security, as well as Wifi security, firewalls, anti-virus software, and basic password practices.  

    Disclosure

    DNotes EDU is a self-funded project by certain members of the DNotes team and community. The material on the site is not to be interpreted as investment advice. Any references to specific cryptocurrencies, financial products, or businesses mentioned in any articles or videos are purely for educational purposes. DNotesEDU advises that investors never accept a buy recommendation from anyone at face value, that they educate themselves, and always make their own decisions.

    The team takes a conservative, long-term approach to the industry, believing that success will come to the groundbreakers that abide by the law and follow the standards of good business practices. The goal of DNotesEDU is to provide truth and trust in cryptocurrency.

    About DNotes EDU

     For more information please visit: https://dnotesedu.com/

    Media contact
    Name:  Brandon Cheliak
    Email:  contact@DNotesEDU.com

    Source: DNotes Global, Inc.

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  • Everus Goes Consumer-Centric With Debit Cards and Hardware Wallets

    Everus Goes Consumer-Centric With Debit Cards and Hardware Wallets

    Everus steps up security and usability.

    Press Release



    updated: Dec 27, 2017

    Everus Technologies Sdn Bhd, a fintech company based in Kuala Lumpur, Malaysia, recently released the pre-ordering of two new products in their ecosystem Everus World – the Everus Hardware Wallet and the EVR Rewards Debit Card.

    “The increasing number of security breaches in the crypto world recently shows that there are some questionable issues regarding the security of crypto wallets. Are they really safe? We at Everus are confident in our wallet security but we need to be a step ahead to protect our users against hackers out there,” said Everus CEO and Founder, Srinivas Oddati.

    The increasing number of security breaches in the crypto world recently shows that there are some questionable issues regarding the security of crypto wallets. Are they really safe? We at Everus are confident in our wallet security but we need to be a step ahead to protect our users against hackers out there.

    Srinivas Oddati, Everus CEO and Founder

    Although the Everus wallet is currently safe and up to military grade standard of security, the need for additional security is essential in order to be on top of the game.

    “The Everus hardware wallet is a secure EVR storage and transaction signing tool. With the private keys generated by the device itself, keys never leave the hardware wallet and therefore cannot be accessed by malware,” he said.

    Everus is also introducing the EVR Rewards Debit Card, the best option for the usability and spendability of EVRs. With the introduction of this debit card, Everus is strengthening their position as a usable cryptocurrency where EVRs holders can use it like a normal debit card, except it pulls from a cryptocurrency wallet instead of a bank account.

    “They can shop and pay for anything as a normal debit card does. Soon, this exact debit card will also be usable in our ATMs (ALTARS) for EVR holders to withdraw fiat currency,” said Oddati.

    Talking about future expansion plans, Oddati is confident that the demand of EVRs will increase steadily as time goes by. “We aim to make cryptocurrency consumer-centric, not just for trading but to be used as money,” he added, referring to the Everus ecosystem of usable and spendable cryptocurrency which has been the Everus vision since its birth. He also commented although Everus has faced “challenges of epic proportions” over the past six months, it is navigating the tides quite well and is steady on course towards the vision of Everus World.

    The EVR Rewards Debit Card and the Everus Hardware Wallet can be pre-ordered starting from 26th December 2017 by simply signing in to their account at www.everus.org.

    About Everus

    Everus Technologies is a private blockchain solution provider in the fintech industry. The company, established by Founder & CEO, Srinivas Oddati has been actively providing services in Kuala Lumpur, Malaysia.

    For more info visit: www.everus.org & www.everusmall.com

    Follow us on social media:

    Facebook: https://www.facebook.com/everusworld

    Twitter: https://twitter.com/everusworld

    Instagram: https://www.instagram.com/everusworld

    Source: Everus Technologies

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  • Fintech Start-Up fidentiaX Introduces World’s 1st Marketplace for Tradable Insurance Policies

    Fintech Start-Up fidentiaX Introduces World’s 1st Marketplace for Tradable Insurance Policies

    fidentiaX is building the World’s First Marketplace for tradable insurance policies by leveraging on blockchain technology

    Press Release



    updated: Oct 15, 2017

    Fintech start-up fidentiaX is in the developmental phase of creating the world’s first marketplace for tradable insurance policies by disrupting the status quo by empowering policyholders to monetise policies on the blockchain. fidentiaX will also be setting up fidentiaX Open Source Foundation (fSOF) to proliferate the embracing of blockchain technology for the insurance industry.

    In 2016 alone, the total market size for insurance premiums in the 40 OECD reporting countries was estimated to be in the north of $3.86 trillion dollars and Asia is projected to the be fastest-growing market for life insurance with an estimated real annual compounded growth rate of 10.2%.

    The tradable insurance market is faced with inefficiencies such as:

    Lack of awareness – Policyholders are unaware that policies are tradable assets which could be sold in the open market for a higher value. In 2015, out of the US$112 billion worth of policies surrendered in the U.S., US$57 billion (estimated 250,000 policies) could be resold.

    No Recognizable Marketplace – The lack of a recognizable marketplace makes it challenging for sellers and buyers to connect.

    Dependency on 3rd party – In the rare occasion where seller and buyer actually connects, parties need to place trust on a 3rd party to effect the transaction.

    fidentiaX’s marketplace will be a membership-based ecosystem focusing on the key stakeholders and providing the following services:

    Policy ledger – Break traditional reliance on intermediaries by creating a digital ledger for policyholders.

    Trustless Marketplace – Provides a platform for buyers and sellers to connect and trade policies via the blockchain.

    fidentiaX will focus on building its operations within Asia before executing its global expansion strategy. Key countries within Asia are Hong Kong, Japan, Korea, Malaysia and Singapore.

    To learn more, please visit fidentiaX’s official website at https://www.fidentiax.com and stay updated on their Crowd Token Contribution launch announcement by subscribing to their mailing list. Stay connected through their social channels:

    Join us on Telegram Channel at https://t.me/fidentiaX
    Follow us on Facebook – https://www.facebook.com/fidentiaX
    Follow us on Twitter – https://twitter.com/fidentiaX

    Media Contact:
    Name: Alvin Ang
    Email: Alvin.A@fidentiaX.com
    City and Country Location: Singapore

    fidentiaX is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

    Source: FidentiaX

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  • Senior Planning Services Partners With Ocrolus to Improve Medicaid Application Processing

    Senior Planning Services Partners With Ocrolus to Improve Medicaid Application Processing

    Press Release



    updated: May 31, 2017

    Ocrolus, the emerging leader in bank statement review automation, today announced its partnership with Senior Planning Services, a nationally recognized Medicaid application processor. The partnership will enable Senior Planning Services (SPS) to more efficiently conduct bank statement reviews for large nursing home chain clients and others. Medicaid-Genius, a software product powered by Ocrolus, will now be an embedded part of the SPS workflow.  

    The Medicaid application process can be daunting for families who have loved ones in need of long-term care. Senior Planning Services streamlines and simplifies this process from A-Z, offering a turnkey solution to healthcare facilities, elder law attorneys and families. The eligibility process includes a federally mandated “five-year lookback” in which hundreds or thousands of pages of bank statements must be reviewed for each applicant. With Ocrolus providing 99+% accurate, automated bank statement analysis, SPS will be able to scale more efficiently.

    “Senior Planning Services is a pioneer in the Medicaid world, providing a one-stop shop for anyone who wishes to have their Medicaid applications completed professionally and quickly at an affordable rate,” said Victoria Meakin, President and Co-founder of Ocrolus. “We are excited to accelerate the application process for SPS, which will in turn enable families in need to be awarded healthcare benefits sooner.”

    The partnership with Senior Planning Services is another step forward for Ocrolus in the Medicaid space, as Medicaid-Genius has already been employed by elder law attorneys and government entities who process applications. In tandem with SPS, Ocrolus will now help nursing homes streamline Medicaid reimbursement cycles through automation.

    “Ocrolus technology will help us scale to new heights,” said Ben Mandelbaum, COO and Managing Partner of Senior Planning Services. “With Ocrolus automating the most laborious part of the financial review process, our team will be able to complete more applications than ever before.”

    About Ocrolus

    Ocrolus is a technology company that automates the review of bank statements. The Company’s products, PerfectAudit and Medicaid-Genius, analyze statements from every financial institution with 99+% accuracy, generating account information, summary analytics and a comprehensive database of transactions. By replacing the tedious and error-prone manual process of analyzing bank statements with hyper-accurate automation, Ocrolus boosts efficiency for professionals in a number of industries.

    Additional information about Ocrolus is available at www.ocrolus.com.

    About SPS

    Senior Planning Services is the leading Medicaid application company in the health care industry. Planning and applying for Medicaid is a grueling task and applicants are often unaware of the pitfalls that lay ahead. SPS has successfully guided thousands of individuals through the complex Medicaid process, earning a stellar reputation throughout the long-term care community.

    Additional information about SPS is available at www.senior-planning.com.

    Ocrolus Contacts:

    Sam Bobley
    CEO
    sbobley@ocrolus.com
    o: 646.850.9090 Ext. 1
    c: 516.233.4293

    Victoria Meakin
    President
    vmeakin@ocrolus.com
    o: 646.850.9090 Ext. 2
    c: 917.941.5388

    Source: Ocrolus

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