Archive for the ‘Banking/Financial Services’ Category

Nasdaq to Deliver Market Technology to the Jamaica Stock Exchange

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The Exchange will leverage Nasdaq’s matching engine and market surveillance technology

CaribPR Wire, STOCKHOLM, Sweden, and KINGSTON, Jamaica, April 01, 2019: Nasdaq Inc. (Nasdaq:NDAQ) and the Jamaica Stock Exchange (JSE) have signed a new seven-year agreement for Nasdaq to deliver matching engine and market surveillance technology (SMARTS) to the Jamaica Stock Exchange.

By tapping Nasdaq’s technology, the JSE, as part of its strategy will be able to bolster their product and service delivery regionally and globally. Further, via the Nasdaq Matching Engine, JSE will have the ability to offer new products, enhance current trading capabilities and improve the latency of order execution. The market surveillance technology will provide the exchange the ability to closely monitor trade activities while strengthening market integrity.

”There are no boundaries that are beyond the JSE, as the organization continues to explore the use of technology that Nasdaq provides to ensure that our shareholders value are maximized and the confidence of the market remains high,” said Marlene Street Forrest, Managing Director, JSE. “This partnership with Nasdaq is another step to keep apace with the world’s financial markets. We expect that this relationship will enable the JSE and its member dealers to design and create new products and services facilitated by the cutting-edge technology that Nasdaq will provide.”

“The Jamaica Stock Exchange has been at the forefront of modernizing the Caribbean region’s financial markets,” said Carlos Patino, Head of Latin America and the Caribbean, Market Technology, Nasdaq. “By leveraging our trading and surveillance solutions, JSE will be operating on the world’s most widely-used trading technology for exchanges in the world. This is a key indicator of their dedication to build Jamaica’s capital market ecosystem into an important hub for finance and commerce. We look forward to a productive, long-term partnership with the JSE.”

Nasdaq’s market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.

About the Jamaica Stock Exchange

The Jamaica Stock Exchange (JSE) provides a fair and efficient stock market. It is a well regulated and agile organization which is celebrating its 50th anniversary this year. It continues to provide the local, regional and global financial markets with opportunities to invest, grow businesses and mobilize capital.

As the leading Exchange in the Caribbean, The JSE has been strategically forging partnership with other industry players to ensure that our subsidiary, the Jamaica Central Securities Depository (JCSD), our shareholders and the general public are able to maximize any opportunities that arises.

The impact of the JSE on the local economy and its consistent performance of have not gone unnoticed, and in 2015 and 2018 the Jamaican Stock Market was declared the ”Best performing Stock Market in the World” (Bloomberg).

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit: http://business.nasdaq.com.

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Cayman Islands Investment Group Ltd. Announces New Cryptocurrency Exchange in Development

GRAND CAYMAN, Cayman Islands, March 20, 2019 /PRNewswire-HISPANIC PR WIRE/ — Earlier this year, the Cayman Islands Investment Group’s technology wing: C.I.I.G. Technologies, teased the release of a brand new Cryptocurrency exchange based in the Cayman Islands. Since then, CIIG Technologies has now announced that Cryptocay.ky is preparing for its official launch.

CryptoCay logo

After over a year of research, development and tweaking Cryptocay.ky is nearing its completion and will soon be ready for use by cryptocurrency traders from across the globe. Cryptocay.ky is aimed at both amateur and professional traders, with Head of Marketing and Promotions, Malcolm Hurlston stating, “We want to be more than just another exchange, we want to help educate those that haven’t taken the dive into the Cryptocurrency world. We want to become the Cryptocurrency Hub of the Caribbean.”

Marketplace

Cryptocay.ky will boast markets for Bitcoin, Ethereum, Litecoin, Ripple, OmiseGo and many more. By staying up to date with the latest updates in the markets, Cryptocay will aim to give its users the most competitive rates for Limit Orders and flexibility for Market Orders. There will be over 25 markets to trade from at launch, with more to come as the exchange expands.

Security Where it Matters

Cryptocay.ky will have a fully dedicated privacy and security system that will protect both the user and their assets. User safety is priority for Cryptocay.ky, with the same integrity and accuracy that is applied to the Cayman banking industry being applied to the platform. Trustworthiness, clarity and security are core values that every Cayman Islands Investment Group company will be based on.

Follow all social media channels to see the planned release date and get ready to Trade in Paradise.

Founded in 2018, Cayman Islands Investment Group Ltd. is an Internet Commerce Company. Cryptocay.ky will offer a wide range of products and services designed to broaden the possibilities of commerce in the Caribbean.

Cayman Islands Investment Group Ltd. is a Registered Company of the Cayman Islands.

The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

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Scotiabank completes acquisition of 51% of Banco Cencosud in Peru

TORONTO and LIMA, Peru, March 1, 2019 /PRNewswire-HISPANIC PR WIRE/ — Scotiabank announced today it has successfully completed the acquisition of 51% of the controlling interest of Banco Cencosud after receiving regulatory approval from Peruvian authorities. Scotiabank and Banco Cencosud will jointly manage the credit card operations and offer other products and services to customers in partnership for 15 years. Scotiabank and Cencosud have similar agreements in Chile and Colombia. With the closing of this acquisition, Scotiabank has become Peru’s second largest credit card issuer.

“Partnering with Cencosud has been a rewarding process in which we have begun to leverage the potential of the consumer finance business”, said Miguel Uccelli, CEO & Country Head of Scotiabank Peru.” With this acquisition we have completed one more phase in our strategy to strengthen our consumer financing and credit card business in Peru, which aligns with our global vision to increase scale in the countries of the Pacific Alliance; Colombia, Chile, Mexico and Peru”, he concluded.

“Our objective is to leverage the teams from Banco Cencosud and Scotiabank to build an improved experience for all our customers”, said Carlos Morante, CEO of Banco Cencosud, and who will be in charge of the operation under the new name of CAJA CAT PERÚ. “Our customers will continue to enjoy the products they have with us, under the same conditions, but with greater support. We will continue operating separately, taking into account the special features of each business and we will continue to work with our current team of employees”, he said. Morante indicated that no customer has to change their credit cards or other products, “Everything remains the same”, he concluded.

Cencosud Peru owns the second-largest supermarket and the fourth-largest department store chain in the country. Cencosud has operated in Peru since 2007 through the Wong supermarket brand Metro supermarket and Paris department stores. It is also the owner of various shopping malls.

About Scotiabank

Scotiabank is Canada’s international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 98,000 employees1 and assets of over $1 trillion (as at January 31, 2019), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

1Employees are reported on a full-time equivalent basis.

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Scotiabank completes acquisition of 97.44% of Banco Dominicano del Progreso

TORONTO and SANTO DOMINGO, Dominican Republic, March 1, 2019 /PRNewswire-HISPANIC PR WIRE/ – Scotiabank announced today that it has successfully completed the acquisition of 97.44% of Banco Dominicano del Progreso (BDP), after receiving regulatory approval by the Superintendency of Banks and the Monetary Board of the Central Bank of the Dominican Republic.

“We are excited to have completed this transaction that is fueled by the strategy of gaining greater scale in economically stable markets with prospects for growth, and allows us to expand and strengthen our operations in the country. We are building a leaner, more modern digital bank, to continue improving our customers’ experience with enhanced financial services and products” said Gonzalo Parral, CEO, Scotiabank Dominican Republic.

With the closing of this acquisition, Scotiabank doubles its customer base and strengthens its fourth-place position in terms of assets in full-service banking and its third-place ranking in the credit card segment in the Dominican Republic, with a 17% share of the market. The acquired Banco Dominicano del Progreso operations include 57 branches, 184 ABMs and more than 160 banking sub-agents, which serve more than 250,000 personal and commercial banking customers.

For further information on the integration stage, please visit www.scotiabank.com.do and www.progreso.com.do.

About Scotiabank
Scotiabank is Canada’s international bank and a leading financial services provider in the Americas. We are dedicated to helping our more than 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 98,000 employees¹ and assets of over $1 trillion (as at January 31, 2019), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

¹Employees are reported on a full-time equivalent basis.

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Trinidad & Tobago’s First Citizens Group Becomes Visa Loyalty Solutions Premium Partner

- Bank is one of the first in the Caribbean to implement Visa Loyalty Solutions, a cutting-edge digital payment platform and loyalty program co-created by fintech and insurtech company novae and leading payment technology company Visa

- With VLS, First Citizens, already a pioneer in Internet banking and mobile banking in Trinidad & Tobago, has incorporated a powerful tool to increase customer loyalty

PORT OF SPAIN, Trinidad and Tobago, Feb. 22, 2019 /PRNewswire-HISPANIC PR WIRE/ – Trinidad-based First Citizens Group has received the Premium Partner designation from fintech and insurtech company novae and leading payment technology company Visa for being one of the first banks in the Caribbean to adopt Visa Loyalty Solutions (VLS), the white-label digital loyalty platform the two companies recently co-created.

From left to right: Jorge Salum, Sr. Director, Business Development, Caribbean for Visa; Jorge Lemus, SVP and Group Country Head, Caribbean and Central America for Visa; Avril Edwards, General Manager of Electronic Banking for First Citizens Group; and Facundo Mendez, Managing Director of Enterprise, Growth & Loyalty for novae.

Over the years First Citizens has introduced a number of innovations locally, including Internet banking and mobile banking. It has also been recognized on several occasions for excellence in innovation, communications technology and e-commerce by the Energy Chamber of Trinidad and Tobago.

VLS is a user-centric, universal, cross-border, all-digital, mobile-first, white-label loyalty platform for banks that enables consumers and merchants to redeem points anytime, anywhere, from any device (mobile, desktop or wearable) and using multiple payment methods (credit, debit, points or split payment), while offering banks superior customer care, same-day activation and easy administration.

Thanks to VLS’s single, smart payment solution on an invisible and securely encrypted payment platform, First Citizens clients will be able to register rewards as digital currency that can be used alone or split with other payment methods, such as credit or debit cards registered on the platform, to make payments online and contactless in-store around the world.

Finally, by integrating artificial intelligence and machine learning, VLS’s technologies will help First Citizens better analyze the interactions and purchase behaviors of its clients to present increasingly relevant offers, while retaining contact information, payment and travel preferences.

novae not only created the technology behind the digital platform, but also the program’s impressive network of international travel rewards, to which First Citizens customers will now have access. A powerful metasearch engine and partnerships with major worldwide travel aggregators enable users to get preferential pricing and exclusive deals at more than 400,000 hotels in 25,000 cities; 70,000 flights to 1,700 destinations on 130 airlines; 500 car rental companies at 30,000 locations in 170 countries; 2 million vacation rental properties in 190 countries; and 10,000 tours and other entertainment options in 90 countries.

First Citizens Group’s VLS Premier Partner designation is the latest of several awards and recognitions the bank has received. The bank was awarded the Best Bank in Trinidad and Tobago by Euromoney Award for Banking Excellence 2016 and also received an affirmed rating of BBB+/A-2 from Standard & Poor’s. Other awards bestowed on the bank over the years include Safest Bank in the English-speaking Caribbean in 2015, 2011 and 2010 (Global Finance Magazine); Best Bank In Trinidad & Tobago in 2015, 2014, 2012, 2010 and 2009 (World Finance); Bank Of The Year 2015 and 2009 (The Banker Magazine) and Bank of The Year in 2009 (Latin Finance).

“First Citizens Group is proud to have received the Visa Loyalty Solutions Premium Partner designation, which recognizes our bank’s positioning as a first adopter of cutting-edge digital and mobile solutions,” said Avril Edwards, General Manager of Electronic Banking for First Citizens Group.

“Visa Loyalty Solutions offers First Citizens a seamless and flexible digital experience that adds value and provides an unmatched customer experience,” said Ricardo Tafur, Vice President of Consumer Products for Visa in Latin America and the Caribbean.

“VLS gives First Citizens an important differentiator in this competitive retail banking market,” said Jorge Lemus, SVP and Group Country Head, Caribbean and Central America for Visa.

“As a pioneer in mobile and Internet banking, First Citizens has always offered customers cutting-edge solutions to meet their banking needs. With Visa Loyalty Solutions, they have added a powerful tool in their arsenal to maximize loyalty, boost spend and increase operational efficiency,” said Facundo Mendez, Managing Director of Enterprise, Growth and Loyalty for novae.

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PDSI opens 6th office location in San Juan, Puerto Rico

ATLANTA, Feb. 21, 2019 /PRNewswire-HISPANIC PR WIRE/ — PDSI, a premier third-party development company for the hotel industry, is pleased to announce the opening of their 6th office location in San Juan, Puerto Rico.  Adding to their existing five national locations, PDSI has strategically positioned itself to address client needs as growth of the hospitality industry continues to accelerate. The San Juan office complements PDSI’s existing 5 locations in Seattle, Phoenix, Orlando, Baltimore, and Atlanta.  PDSI’s presence in San Juan strengthens its reach in Puerto Rico and the Caribbean, offering its clients unparalleled support.

PDSI and its staff have been managing projects in the Caribbean for more than 30 years and have completed over $5 billion in asset management and placement.  Among other projects in the Caribbean, PDSI is managing the hurricane recovery renovation of the El San Juan Hotel, Curio Collection by Hilton, the renovations of the InterContinental San Juan, and the Caribe Hilton. PDSI has an experienced and talented Puerto Rico based team leading these efforts.

“PDSI has a long history of working in Puerto Rico and the Caribbean, and we are thrilled to reinforce our commitment to this area with a permanent physical presence,” says Ralph C. Engelberger, President of PDSI. “Our team takes great pride in this newest addition to our portfolio and our continuing relationship with clients managing asset placement in Puerto Rico and the Caribbean.”

About PDSI

PDSI is a privately-held, client-focused hotel project management firm that assists its clients in the development and renovation of hospitality projects worldwide. Since our September 2001 inception, PDSI has managed all types and scales of projects: limited service to luxury, minor renovations to large scale, ground-up developments. Our team of dedicated professionals have been entrusted with managing over $4 Billion of hospitality projects, for a wide range of clients including hotel companies, REITs, financial institutions, private equity funds, management companies, and individual owners. Our work has encompassed most hotel brand owners as Marriott, Hilton, Hyatt, Starwood, and InterContinental.

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Scotiabank named 2018 Bank of The Year by LatinFinance

TORONTO, Nov. 6, 2018 /PRNewswire-HISPANIC PR WIRE/ — Scotiabank is proud to have been named 2018 Bank of the Year by LatinFinance for excellence in retail, commercial and investment banking services for Latin America and the Caribbean.

Scotiabank

Scotiabank is the first Canadian bank to ever receive the Bank of the Year award from LatinFinance. The Bank was recognized for its, “overall strategy, volume and diversity of transactions; innovation and foresight; execution quality and success of transactions; role in particularly complex, innovative or large deals over the years; and quantity of transactions worked on over the year, and compared to previous years,” according to LatinFinance.

“We are honoured to have been recognized by LatinFinance as the 2018 Bank of the Year and would like to thank our customers for their loyalty and our employees for their hard work and dedication to providing an excellent customer experience,” said Ignacio (Nacho) Deschamps, Group Head of International Banking and Digital Transformation at Scotiabank. “This award recognizes Scotiabank for our long history in Latin America as well as our new acquisitions that add scale in the important markets we serve, especially in the Pacific Alliance countries.”

The Bank of the Year is chosen by an editorial panel that reviews financial data and research, considers quantitative and qualitative factors, and weighs analyst opinion. Winners will be honoured at an Awards Ceremony in New York City on December 4, 2018 to celebrate LatinFinance’s 30th anniversary.

LatinFinance is the leading source of intelligence on the financial markets and economies of Latin America and the Caribbean, and has covered banking and capital markets in the region for more than 25 years. It also provides detailed transaction pipelines, underwriting and advisory league tables, polls and awards.

About Scotiabank

Scotiabank is Canada’s international bank and a leading financial services provider in the Americas. We are dedicated to helping our 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 96,000 employees and assets of $947 billion (as at July 31, 2018), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

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DoubleLine UCITS Funds Now Available on Allfunds Bank Platform

LOS ANGELES, Oct. 24, 2018 /PRNewswire-HISPANIC PR WIRE/ – DoubleLine Capital LP has begun offering its Luxembourg-domiciled UCITS funds on the Allfunds Bank platform, an open architecture, worldwide distributor of mutual funds.

“Allfunds is one of the leading international distribution platforms,” said Ron Redell, executive vice president of DoubleLine. “The availability of DoubleLine Funds (Luxembourg) on this distribution network is strategically important for DoubleLine’s UCITS funds global expansion.”

The term UCITS stands for Undertakings for the Collective Investment of Transferable Securities, an open-end fund vehicle available in Europe, Latin America and many other countries outside the U.S. The sub-funds of the DoubleLine Funds (Luxembourg) UCITS currently include the DoubleLine Shiller Enhanced CAPE® equity sub-fund, which is co-managed by DoubleLine Alternatives LP and DoubleLine Capital LP, and DoubleLine Short Duration fixed income sub-fund, which is managed by DoubleLine Capital LP. Depending on an investor’s country of residence, the sub-funds are available via retail and institutional share classes denominated in various currencies.

Allfunds Bank Group offers integrated fund solutions (operational, analysis and information). Created in 2000, today Allfunds Bank has more than €370 Billion assets under administration and offers more than 64,400 funds from over 1,200 fund managers. Allfunds Bank Group has a local presence in Luxembourg, Switzerland, United Kingdom, Spain, Italy, United Arab Emirates, Singapore, Chile and Colombia and has more than 605 institutional clients, including major commercial banks, private banks, insurance companies, pension funds, fund managers, financial supermarkets, international brokers, and specialist firms from 45 different countries. Allfunds Bank Group operates in Asia through the entity of Allfunds Singapore Branch.

About DoubleLine Capital LP

DoubleLine Capital LP is an investment adviser registered under the Investment Advisers Act of 1940. As of the September 30, 2018 end of the third quarter, DoubleLine Capital and its related companies (”DoubleLine”) managed approximately $123 billion in assets across all vehicles, including open-end mutual funds, collective investment trusts, closed-end funds, exchange-traded funds, hedge funds, variable annuities, UCITS and separate accounts. DoubleLine’s offices can be reached by telephone at (213) 633-8200 or by e-mail at info@doubleline.com. Media can reach DoubleLine by e-mail at media@doubleline.com. DoubleLine® is a registered trademark of DoubleLine Capital LP.

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Cryptofacil to Launch Digital Asset Platform; Platform Will Be Powered by Bittrex

New cryptocurrency platform to offer Latin America and Caribbean customers a reliable and robust exchange with a selection of over 200 digital tokens

MONTEVIDEO, Uruguay, Sept. 5, 2018 /PRNewswire-HISPANIC PR WIRE/ – Cryptofacil, a new fintech digital asset trading platform, and Bittrex, the premier U.S. based blockchain trading platform, announced a partnership today that will launch a digital asset trading platform with over 200 digital tokens. The platform will reach customers in Latin America and the Caribbean.

The partnership will combine Bittrex’s cutting-edge trading platform technology and wide range of digital tokens selected using its robust token review process, with Cryptofacil’s unique team in charge of the customer operations, including compliance, customer support, marketing, sales and customized development. Interested cryptocurrency customers can pre-register for an account here.

Andres Szafran, Cryptofacil’s co-founder stated: “This partnership with Bittrex positions Cryptofacil as a leader in the Latin America and Caribbean digital asset markets, with an offering of more than 270 token pairings.  With a unique user interface, our platform will allow our customers to manage trades in a simple way, with premium services and competitive market fees. We developed Cryptofacil to focus on basic customer requirements: a simple and easy to use cryptocurrency platform with superior customer support and value-added services in a safe and secure environment. Our goal is to become the crypto exchange of record and the most reputable platform in Latin America and the Caribbean.”

“Bittrex works every day to advance blockchain technology and this partnership with Cryptofacil will further drive its worldwide adoption,” said Bittrex CEO Bill Shihara. “Cryptofacil and Bittrex will provide Latin American and Caribbean customers a reliable, fast and secure trading platform that also offers access to some of the world’s most innovative blockchain projects. As we continue expanding our global footprint, it is partnerships like this one that will serve to not only support the blockchain industry, but also to incubate innovative projects using this revolutionary technology.”

The Cryptofacil and Bittrex partnership brings together Bittrex’s global leadership in the blockchain industry with the vision and expertise of an innovative team based in Uruguay with deep knowledge of the Latin American and Caribbean markets. This partnership provides an opportunity and a solution for customers in these markets who want to have access to a wider selection of digital assets on a secure and reliable platform.

While customers in countries in Latin America and the Caribbean will be the initial focus for Cryptofacil, the platform may expand its digital trading services to other markets in the future, subject to applicable laws and regulations.

About Cryptofacil

Founded in 2018, Cryptofacil has developed a digital asset trading platform in Spanish, Portuguese and English customized for the Latin American and Caribbean markets, under license from Bittrex. Our mission is to become the leading digital asset platform for virtual currencies and provide a secure access for the new generation of crypto enthusiast seeking to manage their own financial future. Learn more at www.Cryptofacil.com.

About Bittrex

Founded in 2014 by three cybersecurity engineers, Bittrex is the premier U.S.-based blockchain platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices. Our mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technology, and driving transformative change. Bittrex, Inc. is not a regulated exchange under U.S. securities laws. Learn more at www.Bittrex.com.

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Free Accessing Capital Workshop For Fort Lauderdale

Felicia J. Persaud, CEO, Invest Caribbean, will present the workshop.

Felicia J. Persaud, CEO, Invest Caribbean, will present the workshop.

CaribPR Wire, NEW YORK, NY, Mon. Aug. 13, 2018: Business and project developers seeking to raise capital are being offered a free opportunity to learn how to access finance by the Broward County Library in Fort Lauderdale this fall.

“Accessing Capital – from Start-Up To Major Funding,” is the theme of the workshop being presented by Felicia J. Persaud, CEO of Invest Caribbean, (ICN, LLC), the global private sector investment agency of the Caribbean.

The event, dubbed as “no talk shop,” is set for September 8, 2018 at Creation Station, Broward County Library, 100 S Andrews Ave, Fort Lauderdale, FL 33301 from noon to 2 p.m.

Registered participants will learn actual financial options available through ICN to easily fund a start-up; access a loan to expand a small to medium business; get a cash advance on invoices to keep a business running until a customer pays and how to raise from US $1 million up to 1 billion to buy land or a commercial property or advance major global developments like resorts or other infrastructure projects.

Only a few slots are open for this event. Registration is a must by logging on here or directly at  https://www.eventbrite.com/e/learn-how-to-access-real-capital-tickets-48696635949

ICN, in its seven years of existence, has been the consistent conduit between private and institutional funders’ and governments and private sector developers in the Caribbean region in particular. For more log on to investcaribbeannow.com/

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Visa launches Visa Loyalty Solutions, the first 100% digital loyalty platform in Latin America and the Caribbean

In partnership with novae, Visa Loyalty Solutions has made it easier than ever to earn and redeem points with Visa, enabling consumers to exchange loyalty points anytime, anywhere and from any device

MIAMI, July 10, 2018 /PRNewswire-HISPANIC PR WIRE/ – Visa (NYSE:V) today announced the launch of Visa Loyalty Solutions (VLS), an omnichannel digital points redemption platform available to all issuing banks in Latin America and the Caribbean (LAC) and offering consumers more than a quarter of a million redemption options. Visa Loyalty Solutions was co-created by Visa LAC in collaboration with global FinTech and InsurTech company novae.

wearenovae.com

This white-label solution, developed for Visa’s bank partners, enables issuing member banks of any size to offer top-of-the-line rewards and customer care programs they can adapt to their loyalty strategies and brand as their own. Visa Loyalty Solutions features a user-friendly mobile app and web portal, as well as chat and voice, to make points redemption and customer service faster and easier for cardholders and financial institutions around the region.

“Visa Loyalty Solutions offers a seamless and flexible digital experience that adds value for consumers, participating businesses and issuers, and can be easily adapted to each of our bank partners’ loyalty strategies,” said Ricardo Tafur, Vice President of Consumer Products for Visa Latin America and the Caribbean. “We are committed to innovate in order to provide the best consumer experience,” he added.

This new digital platform offers cardholders the option to redeem points and get preferential deals at more than 285,000 hotels, hundreds of airlines and a wide network of car rental companies–not to mention tours, amusement parks and other entertainment options–around the world.

“At novae we want to bring our partners disruptive technologies that are user-friendly, efficient and reliable. That’s why we’re so excited to be co-creating platforms and applications with Visa to create nimbler, simpler and smarter experiences for merchants and consumers,” said Sergio Arana, novae’s CEO and founder.

The platform’s innovative and flexible redemption process allows cardholders to either use their points or combine them with their cards to complete their purchases. Amounts are displayed in U.S. dollars as well as points to give cardholders a better idea of the real value of their purchases. Online and mobile customer service centers provide assistance and information via voice, live chat and video.

To experience the new Visa Loyalty Solutions, click here.

About Visa
Visa Inc. (NYSE: V) is the leading digital payment company. Our mission is to connect the world through the most innovative, reliable and secure payment network that empowers people, businesses and economies to thrive. Our advanced global processing network is capable to handle more than 65,000 transaction messages per second. The company’s continuous focus on innovation is a catalyst for rapid business growth, connected through any device, as well as the engine behind a cash-free future for everyone, everywhere. While the world moves from analog to digital, Visa applies its brand, products, team, network and scale to the task of shaping the new future of commerce. For more detailed information, please visit usa.visa.com/aboutvisa, visacorporate.tumblr.com and @VisaNews. For news in Latin America, please visit @VisaNewsLatam.

About novae
novae leverages disruptive technologies to make mobile transactions, communications and other business-consumer interactions faster, easier and more enjoyable on any platform. Headquartered in San Francisco and with a business and innovation hub in Miami, an InsurTech hub in London and shared service centers in Buenos Aires and Bogotá, novae has clients across the Americas and Europe. novae is part of a&a Co, a global equity investment company based in San Francisco and focused on creating, acquiring and investing in ventures in the artificial intelligence (AI), mobile services and payments/loyalty realms. novae’s strategic partners include Visa, CyberSource, BPP, Expedia and Canopius Syndicate at Lloyd’s. Investors in novae include the private debt and equity capital funds CASEIF III LP and ExWorks Capital LLC. For more information, visit wearenovae.com (mobile-only experience) or Twitter or LinkedIn.

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CORRECTING and REPLACING — PRESS ALERT & INVITATION: Arbitrade to Hold a Press Conference on June 28th From Bermuda – Its New Global Headquarters

CARIBPR WIRE, NEW YORK, June 23, 2018: In a press release issued under the same headline earlier today by Arbitrade, please note that the correct date of the event is Thursday, June 28, 2018 at 8:00 a.m. EDT. The corrected release follows:

This is an invitation to all media following Arbitrade and/or covering the cryptocurrency markets. You are invited to join Arbitrade’s Chairman, Len Schutzman, and management who will discuss their progress toward establishing Arbitrade as a world-class cryptocurrency exchange and coin company. They will also discuss their move and incorporation into Bermuda, one of the world’s best regulated jurisdictions and a platform from which Arbitrade will reach out to several international markets. It will be a lively discussion that will also include details of the many economic and social advantages and new jobs that companies, like Arbitrade, will bring to countries in which they settle and do business around the world.

Details of how to access the press briefing webcast are as follows:

Please register now for the upcoming Arbitrade Conference Call:

Date: Thursday, June 28, 2018
Time: 8:00 a.m. EDT


We recommend that you connect to the meeting at least 10 minutes prior to the start to avoid long hold times. Additional international toll-free numbers are provided below. Be prepared to give the operator your name and location along with your participate passcode.

Please note that this invitation is being sent to the Arbitrade media members; it is not open for everyone. Please do not forward this invitation to others.

Dial-in Numbers for the Conference Call
Dial-in Number: (844) 535-4032
Secondary Dial-in: (409) 983-9735
Participant Passcode: 8092727

Country Local Toll-free & International Toll

Participant Local Dial-In Numbers:
Austria, Graz 0316918058
Austria, Linz 0732915065
Austria, Vienna 019281030
Belgium, Antwerp 034000330
Belgium, Brussels 024003547
Czech Republic, Prague 239014964
Denmark, Copenhagen 032714390
Finland, Helsinki 0972519297
France, Lyon 0426030033
France, Paris 0170807153
France, Toulouse 0567804135
Germany, Berlin 030726167368
Germany, Frankfurt 06922224703
Germany, Hamburg 040809020709
Germany, Munich 089244432908
Hungary, Budapest 017779854
Ireland, Dublin 012475604
Italy, Milan 0236019660
Italy, Rome 0645217077
Luxembourg, Luxembourg 24871238
Netherlands, Amsterdam 0207075535
Netherlands, Rotterdam 107114880
Netherlands, Rotterdam 0107114881
Norway, Oslo 22310524
Poland, Warsaw 222639065
Portugal, Lisbon 01211201009
Spain, Barcelona 0934923253
Spain, Madrid 914142503
Sweden, Stockholm 0856619361
Switzerland, Geneva 0225803283
Switzerland, Zurich 0445801733
United Kingdom, London 02031070289
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The Caribbean Association of Banks Is Concerned About The EU’s “Blacklist”

CaribPR Wire, CASTRIES, St. Lucia, Thurs. Mar. 22, 2018: The Caribbean Association of Banks Inc., (CAB), is deeply concerned about the recent inclusion of Caribbean territories on the European Union Commission’s (EU) list of non-cooperative jurisdictions for tax purposes.

The list names countries which have not displayed sufficient commitment to the tax standards identified by the EU.

Blacklisting has debilitating effects on our Caribbean economies, specifically:

  • It exacerbates the perception of our Region as ‘High Risk’ and consequently, negatively affects the risk profile of regional financial institutions and the willingness of correspondent banks to do business with them;
  • It severely reduces critically-needed development funding from the EU and limits the ability of Caribbean territories to pursue their development goals; and
  • It makes the region vulnerable to future sanctions and financial penalties, which may be levied against “blacklisted” jurisdictions.

Removal from the blacklist requires a high-level political commitment from the affected jurisdictions to address the deficiencies identified by the EU’s Code of Conduct Group. The status of Caribbean Territories as of March 13, 2018 by the OECD are as follows:

Annex I (Black list) Annex II (Grey list)
Anguilla Curacao
The Bahamas Antigua and Barbuda Dominica
Saint Kitts and Nevis Barbados Grenada
Trinidad and Tobago Belize Jamaica
Bermuda St. Lucia
British Virgin Islands

Cayman

St. Vincent and the Grenadines

The EU has given the above countries specific timeframes to make high level commitments to address the deficiencies identified by the Code of Conduct group.  Some of the deficiencies identified in the various Caribbean jurisdictions are:

  • Existence of Harmful and Preferential Tax Regimes;
  • Non-application of Base Erosion and Profit Sharing (BEPS) minimum standards (tax avoidance strategies which seek to artificially shift profits to low/no tax jurisdictions); and
  • Non-commitment to signing and ratifying the Convention of Mutual Administrative Assistance (Tax information exchange agreements to fight international tax evasion).

The CAB recognizes the efforts of regional governments thus far towards compliance with the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes Standards. Nonetheless, the very challenging issue of harmful and preferential tax regimes needs to be addressed.

Consequently, the CAB:

  1. Calls upon all regional governments concerned, to carefully assess the deficiencies identified by the EU and take the necessary actions to ensure compliance with Global Standards in order to avoid further reputational risk/damage to the region.
  2. Strongly recommends continued collaboration and coordination among CARICOM Governments so as to take appropriate measures on key issues which can impact the financial services sector as well as the growth and development of regional economies.

The CAB is a community of banks and other financial institutions in the Caribbean Region, which proactively influences issues impacting the financial services sector through advocacy, education and networking. The CAB represents fifty-three (53) banks and financial institutions in the Caribbean with an asset base in excess of US$40 billion as at Dec 31, 2017, in addition to seventeen (17) Service members comprising regional and international technological and professional institutions and three (3) Honorary Members. For more information see www.cab-inc.com/

Media Contact:

Mary Popo

General Manager

Email: mary.popo@cab‐inc.com
Tel (758) 452‐2877

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UPDATE — Arbitrade and Cryptobonix Engage Global Law Firm HFW

Helping to structure a first of a kind agreement backing the firm’s tokens with gold

CaribPR Wire, NEW YORK, Feb. 27, 2018: The Boards of Arbitrade and Cryptobonix are pleased to announce they have retained HFW, a global law firm specializing in all areas of international trade and commodities. The firm will help structure and negotiate an agreement enabling the companies to back Cryptobonix tokens with gold and other precious metals.

In making the announcement, Cryptobonix Chairman, Leonard Schutzman, said, “Creating a cryptocurrency backed by precious metals is a cornerstone of our global marketing strategy. We are fortunate to have been able to engage this world class firm, so adept at dealing with international commodity law, to work with us in bringing this key objective closer to completion.”

ARBITRADE, through its proprietary software and strategic partnerships, plans to be in all segments of the cryptocurrency business, including currency mining, trading (The ARBITRADE Exchange) gift cards, debit cards, money transfer and Point of Sale processing.

Arbitrade y Cryptobonix contratan al estudio jurídico global HFW

Proporcionará asistencia en la estructuración de un acuerdo inédito para respaldar los tokens de la firma con oro

CaribPR Wire, NUEVA YORK, Feb. 28, 2018: Las juntas directivas de Arbitrade y Cryptobonix se complacen en anunciar que han contratado a HFW, un estudio jurídico global especializado en todas las áreas de comercio internacional y productos básicos. El estudio jurídico ayudará a estructurar y negociar un acuerdo que permita a las compañías respaldar los tokens Cryptobonix con oro y otros metales preciosos.

Al hacer el anuncio, el presidente de Cryptobonix, Leonard Schutzman, declaró: “Crear una criptodivisa respaldada por metales preciosos es fundamental en nuestra estrategia de marketing global. Somos afortunados de haber podido involucrar a este estudio jurídico de clase mundial, tan hábil en el manejo de la ley internacional de productos básicos, para trabajar con nosotros y lograr que este objetivo clave esté más cerca de concretarse”.

ARBITRADE, a través de su software de propiedad exclusiva y asociaciones estratégicas, planea estar presente en todos los segmentos del negocio de las criptodivisas, incluidas la generación de monedas (currendy mining), las tarjetas de regalo comerciales (ARBITRADE Exchange), las tarjetas de débito, las transferencias de dinero y el procesamiento de puntos de venta.


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Former PepsiCo Senior Executive Named CEO of Arbitrade

CaribPR Wire, NEW YORK, Feb. 26, 2018: The Board of ARBITRADE is pleased to announce that the role of the Chairman of the Board of Directors, Leonard Schutzman, has been expanded to Chief Executive Officer.

Mr. Schutzman had a distinguished thirty-year career at PepsiCo, Inc., serving in a variety of leadership positions including Treasurer of PepsiCo Corporate, and Chief Financial Officer of PepsiCo, Inc., Frito-Lay and Taco Bell.

Commenting on his appointment, Mr. Schutzman said he was excited to take on this leadership role in an industry that will grow exponentially on a global scale.  “It is a time of growth for our companies and at Arbitrade, I am fortunate to be supported by some of the best minds in the Cryptocurrency. This, and the combination of our distinctive strategy and proprietary software, will allow me to put together a world class management team and Board of Directors. I am confident that Arbitrade has the potential to be a best–of–breed Cryptocurrency company.”

ARBITRADE, through its proprietary software and strategic partnerships, plans to be in all segments of the cryptocurrency business, including currency mining, trading (The ARBITRADE Exchange) gift cards, debit cards, money transfer and Point of Sale processing.

ACTUALIZACIÓN- Ex ejecutivo sénior de PepsiCo es designado director ejecutivo de Arbitrade

CaribPR Wire, NUEVA YORK, Feb. 27, 2018: La Junta Directiva de ARBITRADE se complace en anunciar que la función de presidente de la Junta Directiva de Leonard Schutzman se amplió para incluir la de director ejecutivo.

El Sr. Schutzman tuvo una distinguida carrera de treinta años en PepsiCo, Inc., en donde se desempeñó en una variedad de puestos de liderazgo, incluidos el de tesorero de PepsiCo Corporate y el de director financiero de Pepsi Cola International, Frito-Lay y Taco Bell.

En relación con su designación, el Sr. Schutzman expresó que estaba entusiasmado de asumir este rol de liderazgo en una industria que crecerá exponencialmente a nivel mundial. “Es un momento de crecimiento para nuestras compañías y en Arbitrade, tengo la suerte de contar con el apoyo de las personas más capacitadas en el área de las criptodivisas. Esto, en combinación con nuestra estrategia distintiva y nuestro software de propiedad exclusiva, me permitirán armar un equipo gerencial y una Junta Directiva de primer nivel. Estoy seguro de que Arbitrade tiene el potencial de ser una de las mejores compañías de criptodivisas”.

ARBITRADE, a través de su software de propiedad exclusiva y asociaciones estratégicas, planea estar presente en todos los segmentos del negocio de las criptodivisas, incluidas la generación de monedas (currendy mining), las tarjetas de regalo comerciales (ARBITRADE Exchange), las tarjetas de débito, las transferencias de dinero y el procesamiento de puntos de venta.

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Polymath & Grit Capital Announce POLYCON18, the First-Ever Crypto Event for Securities Tokens

Patrick Byrne (Overstock.com CEO), Anthony Di Iorio (Ethereum Co-Founder), and Bill Tai (BitFury Board Member & VC) will each present a Keynote Address in Nassau, Bahamas starting February 28

CaribPR Wire, NEW YORK, Feb. 22, 2018: Polymath, the security token issuance platform, today announced in partnership with Grit Capital, keynote speakers for POLYCON18 (https://www.polycon18.com/), the world’s first event dedicated to securities tokens. The event will be held at the Grand Hyatt Baha Mar in Nassau, Bahamas from February 28th through March 2nd.

Overstock.com CEO, Patrick Byrne, Ethereum Co-Founder, Anthony Di Iorio and venture capitalist and BitFury board member, Bill Tai, will each give a keynote address at this year’s inaugural conference.

The worlds of high finance and blockchain will gather at the event, which brings together institutional investors, retail advisors and high net worth individuals, as well as some of the most exciting and fastest-growing blockchain companies from around the world.

The conference features 35+ companies, 450+ attendees, a $100k ICO pitch competition sponsored by Victory Square, 1×1 meetings, keynote dinners, a cabana pool party, a casino night, and much more.

Attendees include former NFL players Israel Idonije and Ryan Mundy, as well as top-rated radio show host Todd Shapiro of The Todd Shapiro Show on SiriusXM Canada, whose weekly listenership tops over 1 million.

Featured POLYCON18 thought leaders include Matthew Roszak, chairman and co-founder of Bloq; Brock Pierce, co-founder of Block.one; Shawn Owen, CEO of SALT Lending; Yasmeen Drummond, co-founder of Women in Blockchain; Halsey Minor, CEO and co-founder of Live Planet and VideoCoin, Jason White, senior lead equity of crypto and ICO crowdfunding at Indiegogo, and many, many more!

“We’re excited to arrange this meeting of the minds at the first-ever conference dedicated to securities tokens,” said CEO of Polymath, Trevor Koverko. “POLYCON18 will connect the industry’s top thought leaders and investors with the most innovative blockchain companies for an exclusive opportunity to network in an intimate and exciting environment.”

POLYCON18 is hosted in partnership with Grit Capital, a leading consultancy service provider for investment relations and corporate development, and organized by Untraceable, the world’s first blockchain and cryptocurrency event management and marketing agency.

For more information and a complete list of speakers, sponsors and the POLYCON18 schedule, please visit: https://www.polycon18.com/.

About POLYCON18
POLYCON18 is the world’s first event dedicated to securities tokens. It will be held at the Grand Hyatt Baha Mar in Nassau, Bahamas from February 28th through March 2nd. The conference brings together the worlds of high finance and blockchain, attracting institutional investors, retail advisors and high net worth individuals, as well as some of the most exciting and fastest-growing blockchain companies from around the world. For more information, visit https://www.polycon18.com/.

Polymath y Grit Capital anuncian POLYCON18, el primer evento de criptomonedas para tokens de valores

Patrick Byrne (director ejecutivo de Overstock.com), Anthony Di Iorio (cofundador de Ethereum) y Bill Tai (miembro del Directorio de BitFury y experto en capitales de riesgo) presentarán cada uno un discurso de apertura en Nassau, Bahamas a partir del 28 de febrero

CaribPR Wire, NUEVA YORK, Feb. 23, 2018: Polymath, la plataforma de emisión de tokens de valores, anunció hoy en sociedad con Grit Capital, oradores principales de POLYCON18 (https://www.polycon18.com/), el primer evento mundial dedicado a tokens de valores. El evento se llevará a cabo en el Grand Hyatt Baha Mar en Nassau, Bahamas, del 28 de febrero al 2 de marzo.

El director ejecutivo de Overstock.com, Patrick Byrne, el cofundador de Ethereum, Anthony Di Iorio y el experto en capitales de riesgo y miembro del Directorio de BitFury, Bill Tai, darán un discurso en la conferencia inaugural de este año.

Los mundos de las altas finanzas y las cadenas de bloques (blockchains) se encontrarán en el evento que reúne a inversionistas institucionales, asesores de ventas minoristas e individuos de alto poder adquisitivo, así como a algunas de las compañías de cadenas de bloques más vibrantes y de más rápido crecimiento de todo el mundo.

La conferencia cuenta con más de 35 compañías, más de 450 asistentes, una competencia de lanzamiento de oferta inicial de monedas (initial coin offer, ICO) de 100.000 USD patrocinada por Victory Square, reuniones personalizadas, cenas destacadas, una fiesta en las cabañas de la piscina, una noche de casino y mucho más.

Entre los asistentes estarán los ex jugadores de la NFL Israel Idonije y Ryan Mundy, así como Todd Shapiro, presentador de The Todd Shapiro Show, el programa de radio mejor calificado en SiriusXM Canada, cuya audiencia semanal supera el millón de personas.

Los líderes de opinión destacados de POLYCON18 incluyen a Matthew Roszak, presidente y cofundador de Bloq; Brock Pierce, cofundador de Block.one; Shawn Owen, director ejecutivo de SALT Lending; Yasmeen Drummond, cofundadora de Women in Blockchain; Halsey Minor, director ejecutivo y cofundador de Live Planet y VideoCoin; Jason White, director sénior de valores de criptomoneda y financiación colectiva (crowdfunding) de ICO de Indiegogo, y muchos más.

“Nos entusiasma organizar este encuentro de mentes en la primera conferencia dedicada a los tokens de valores”, afirmó el director ejecutivo de Polymath, Trevor Koverko. “POLYCON18 conectará a los principales líderes e inversionistas de la industria con las compañías de cadenas de bloques más innovadoras para tener una oportunidad exclusiva de establecer redes en un entorno íntimo y emocionante”.

POLYCON18 se llevará a cabo en sociedad con Grit Capital, un proveedor líder de servicios de consultoría para relaciones de inversión y desarrollo corporativo, y Untraceable, la primera agencia de marketing y gestión de eventos de cadenas de bloque y criptomonedas del mundo, estará a cargo de la organización.

Para obtener más información y una lista completa de oradores, patrocinadores y el programa de POLYCON18, visite https://www.polycon18.com/.

Acerca de POLYCON18
POLYCON18 es el primer evento del mundo dedicado a tokens de valores. El evento se llevará a cabo en el Grand Hyatt Baha Mar en Nassau, Bahamas del 28 de febrero al 2 de marzo. La conferencia reunirá a los mundos de las altas finanzas y las cadenas de bloques, y atraerá a inversionistas institucionales, asesores de ventas minoristas e individuos de alto poder adquisitivo, así como a algunas de las compañías de cadenas de bloques más vibrantes y de más rápido crecimiento de todo el mundo. Para obtener más información, visite https://www.polycon18.com/.

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Scotiabank recognized by Junior Achievement Americas with 2017’s Transforming Education Award

TORONTO, Jan. 25, 2018 /PRNewswire-HISPANIC PR WIRE/ – Scotiabank has been recognized by Junior Achievement Americas (JA) as the winner of the 2017 Transforming Education Award, the maximum recognition that JA gives to its partners at the regional level. Brent Currie, Scotiabank’s Senior Vice-President of Brand Management and Marketing Services, received the award in Toronto, Ontario.

Photo – https://mma.prnewswire.com/media/633499/Scotiabank_Scotiabank_recognized_by_Junior_Achievement_Americas.jpg

“We are pleased to partner with Junior Achievement Americas to help young people develop their entrepreneurial, labour and financial skills. This partnership reflects Scotiabank’s commitment to the long-term development of Latin America and the Caribbean,” said Brent Currie, Senior Vice-President, Brand Management and Marketing Services. “At Scotiabank, we’re focused on our future leaders, and recognize that our involvement with Junior Achievement not only helps young people reach their infinite potential, but also helps to ensure communities are set-up for success.”

Junior Achievement Americas has recognized Scotiabank for its ongoing support over the last eight years, allowing JA to not only impact the lives of thousands of young people in the region, but to generate innovations to remain relevant in the face of the needs of young people and the labour market. That is, digitalization of the content of the JA Economics for Success program, the development of the first Regional Online Innovation Camp of JA Americas, and the Road to Success initiative launching.

“We are delighted to recognize Scotiabank for its tireless support to the Latin American and Caribbean region,” said Leo Martellotto, President of Junior Achievement Americas. “Thanks to Scotiabank, and in partnership with them, JA Americas was able to improve the Economics for Success program, generating version 2.0: an online platform through which students learn the same concepts of the original program but in a digital, more interactive way.”

Scotiabank’s CSR priority to invest in young people has been reflected through the Bank’s partnership with Junior Achievement Americas, allowing students from 14 to 18 years of age to participate in national innovation camp competitions that aim to find innovative solutions to specific challenges that the business world faces. Similarly, the Road to Success program aims to help develop the infinite potential of youth in our communities by teaching kids the basic concepts of financial literacy. The initiative will continue to give students a basic understanding of the principles of finance and practical advice on budget planning and money management.

About Scotiabank
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 24 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of over $915 billion (as at October 31, 2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @Scotiabank.

About Scotiabank’s CSR
Scotiabank believes that every customer has the right to become better off. When customers succeed, businesses, communities, and entire societies benefit as well. Through our CSR strategy, Better Future, Better Off, we seek to create economic, social and environmental value that benefits every customer. Through our five commitments to Customers, Employees, Communities, the Environment and strong Corporate Governance practices, we aim to create a better future for both society and Scotiabank. For more information on our priorities and the impact we have made, please visit www.scotiabank.com/csr.

About JA Americas
As part of one of the world’s largest youth-serving NGOs, JA Americas activates youth for the future of jobs. Through the delivery of hands-on, blended learning in financial literacy, work readiness, and entrepreneurship, we empower young people to grow their entrepreneurial ideas, hone their work skills, manage their earnings, and secure better lives for themselves, their families, and their communities. With 31 countries, the JA Americas network is powered by over 38,000 volunteers and mentors, who serve more than 1 million young people each year. More information at www.jaamericas.org.

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Confirmation.com Reveals Partnership with Maduro & Curiel’s Bank

BRENTWOOD, Tennessee, Dec. 14, 2017 /PRNewswire-HISPANIC PR WIRE/ — Confirmation.com, the world’s leading provider of online audit confirmations, announced today that Maduro & Curiel’s Bank (MCB) is joining Confirmation.com’s global network. This allows auditors to send confirmation requests to MCB through Confirmation.com’s secure online platform.

“Joining Confirmation.com increases our service towards our clients and stakeholders. It also helps our staff to utilize technology in processing auditor’s confirmation requests effectively and efficiently,” said Yadira Isena-Dovale, manager, credit operations of MCB.

Confirmation.com’s all-in-one online audit Confirmation solution provides a platform for auditors and third-party responders, including MCB as well as other financial institutions, companies and law firms, to better manage every aspect of the audit confirmation process.

“Innovation for both financial institutions and auditors is important to remain relevant in today’s fast-moving, ever-changing world,” said Rocher Cyrus CPA, CGMA, managing director of Global International Management, LLC offering Confirmation.com services locally within the Dutch Caribbean and Suriname. “We are proud to provide MCB and accounting firms with advanced technologies that standardize routine tasks and combat fraud in the audit confirmation process.”

“The Confirmation.com platform provides measurable value to our financial institutions, accounting firms, and their mutual clients,” said Mark Portanova, vice president of sales for the Americas at Confirmation.com. “Transitioning away from paper to our easy-to-use online solution results in faster, more accurate responses and improved data security.”

To learn more, visit www.confirmation.com.

About Confirmation.com
Confirmation.com is the world’s leading provider of secure online audit confirmations. Today, 16,000 accounting firms confirm more than $1 trillion annually for 400,000 clients worldwide. Confirmation.com is used in more than 160 countries by companies, financial institutions, and law firms to respond to audit confirmation requests.

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Scotiabank to partner with two Israeli technology leaders to accelerate its digital transformation

TORONTO and NEW YORK, Dec. 6, 2017 /PRNewswire-HISPANIC PR WIRE/ — Scotiabank announced today partnerships with two prominent Israeli technology leaders, Viola Group and Team8.  These partnerships further establish Scotiabank as a leader in the global innovation ecosystem and will help accelerate its development of technology capabilities, best-in-class customer experiences, and expertise in cybersecurity.

Scotiabank is investing in Viola FinTech I, L.P., a new venture fund that will invest in Israeli, European and North American FinTechs across various growth stages. The fund will co-invest alongside other leading global venture capital, private equity and financial institution investors. Their mission is to create mutual value by bridging the gap between financial institutions and innovative startups. The fund is led by Avi Zeevi, Prof. Daniel Tsiddon and Tomer Michaeli, an exceptionally experienced team with proven track records in banking, entrepreneurship and investment.

“We are delighted to partner with Viola Group to accelerate the Bank’s digital transformation and work with the most promising FinTechs across the globe,” said Ignacio (Nacho) Deschamps, Group Head, International Banking and Digital Transformation at Scotiabank. “This partnership will allow us to access Israel’s innovation ecosystem including well-established cybersecurity and anti-fraud expertise by leveraging Viola Group’s unique entrepreneurial and operational expertise.”

“We are honoured to work with a world-class financial institution such as Scotiabank which is truly committed to innovation and its customers worldwide,” said Prof. Daniel Tsiddon, principal of Viola Fintech. “We already see early results of this long-term collaboration and we look forward to working with Scotiabank to accelerate the integration of innovative ideas.”

Scotiabank and Team8, Israel’s most prestigious cybersecurity think tank and company-creation platform, will work together to foster cybersecurity innovation, through the exchange of knowledge, insights, and methodologies. An executive from Scotiabank will sit on Team8’s advisory board alongside Chief Information and Security Officers of other global financial institutions.

“We look forward to our partnership with Team8 to deepen our technology capabilities and know-how, which are foundational to Scotiabank’s digital transformation,” said Michael Zerbs, Chief Technology Officer at Scotiabank. “This partnership will increase our access to Israel’s world-class cybersecurity and fraud prevention ecosystem.”

“We are thrilled that Scotiabank will play a role in our unique company creation model to solve the big problems in cybersecurity. It is truly a win-win partnership,” said Nadav Zafrir, CEO and Co-Founder of Team8 and former Commander of Israeli Intelligence Unit 8200. “Joining our advisory board and pioneering our community of chief information security officers represents Scotiabank’s deep commitment to our shared vision of partnering with the industry to empower resilience within organizations. Their insights and experience bring incredible value to our approach.”

Israel has become known as the “Start-up Nation” and one of the premier places for high-tech firms and innovation. These partnerships are part of a broad digital transformation strategy the Bank is undertaking, which spans over multiple geographies and multiple strategic alliances, such as existing venture capital relationships with QED Investors, Georgian Partners and ScaleUP Ventures. Execution of this strategy has also yielded the creation of the Digital Factories in Canada, Mexico, Chile, Colombia and Peru, and the establishment of partnerships with academic institutions.

About Scotiabank

Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 24 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of over $915 billion (as at October 31, 2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @Scotiabank.

About Viola Group

Viola Group, with over $2.8 Billion under management, is Israel’s premier technology oriented private equity investment group. Viola Group aims to provide long term, world-class returns by identifying and pursuing attractive investment strategies in the vibrant Israeli technology market. Viola Group is comprised of focused independent partnerships including a venture fund, a debt fund and a growth fund. Viola is currently establishing its FinTech arm – a global cross stage FinTech focused venture fund. The group funds, backed by leading global institutional investors from all over the world, have invested in over 200 technology companies. The group was co-founded by Avi Zeevi who is considered Israel’s leading Fintech investor.

About Team 8

Team8, Israel’s most prestigious cybersecurity think tank and venture creation foundry, develops disruptive companies that challenge the biggest problems in cybersecurity today. The Team8 innovation process combines a research team with intimate knowledge of both offensive and defensive aspects of cybersecurity, access to the best cyber talent, and a global syndicate that provides access to customers, partners and key influencers. Team8 was founded by leading cybersecurity experts Nadav Zafrir, Israel Grimberg and Liran Grinberg, all with deep ties to Israel’s famous IDF Technology & Intelligence Unit 8200. It is backed by Microsoft Ventures, Cisco, AT&T, Accenture, Qualcomm, Nokia, Temasek, Mitsui, Bessemer Venture Partners, Eric Schmidt’s Innovation Endeavors and Marker LLC. For more information on Team8, please visit www.team8.vc

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Scotiabank formalizes agreement with BBVA to acquire its shares in BBVA Chile

TORONTO and NEW YORK, Dec. 5, 2017 /PRNewswire-HISPANIC PR WIRE/ — Scotiabank announced today that Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has formally accepted Scotiabank’s offer to acquire its 68.19% ownership in BBVA Chile, and its interests in certain subsidiaries, for approximately US$ 2.2 billion (CAD$ 2.9 billion). Scotiabank has entered into definitive agreements with BBVA and intends to merge BBVA Chile with its existing operations in Chile (Scotiabank Chile), subject to regulatory approvals.

The Said family, which owns 31.62% of BBVA Chile, has waived its Right of First Refusal to acquire BBVA’s shares of BBVA Chile, but maintains the right to tender all or a portion of its shares in the mandatory tender offer to be carried out by Scotiabank. The Said family has indicated their willingness to potentially remain in the business and, if so, would invest up to approximately US$ 500 million (CAD$ 650 million) in order to own up to 25% of the combined business when Scotiabank Chile and BBVA Chile are merged. In this scenario, and if the transaction is completed, Scotiabank’s Common Equity Tier 1 capital ratio will be impacted by approximately 90 basis points.  Scotiabank’s Common Equity Tier 1 capital ratio would be impacted by approximately 135 basis points, if the transaction is completed and the Said family tenders all of its shares to Scotiabank.

This transaction is in line with Scotiabank’s strategy to increase scale within the Chilean banking sector and the Pacific Alliance countries. It will double Scotiabank’s market share in Chile to approximately 14%, and make Scotiabank the 3rd largest private sector bank in the country.

“We are pleased to have reached an agreement with BBVA to acquire their shares of BBVA Chile.  We look forward to a partnership with the Said family and to build a better bank in Chile,” said Brian Porter, President and CEO at Scotiabank.  “BBVA Chile has a proven track record of providing leading financial products and services to customers across the country and this transaction demonstrates excellent synergy between both banks with customer-centric cultures.”

“This acquisition allows us to create a leading bank in Chile underpinned by a solid risk culture and provides opportunities to accelerate our digital transformation, while building a high performance team,” said Ignacio (Nacho) Deschamps, Group Head, International Banking and Digital Transformation at Scotiabank.

Conference call

A conference call will take place on December 5, 2017, at 8:30 a.m. ET. Interested parties are invited to access the call live, in listen-only mode, by telephone at (416) 640-5944, or toll-free at 1-800-281-7973 (please call five to 15 minutes in advance). In addition, an accompanying slide presentation may be accessed via the Investor Relations page of www.scotiabank.com. Following discussion of the transaction by Scotiabank executives, there will be a question and answer session.

A telephone replay of the conference call will be available from December 5, 2017, to December 20, 2017, by calling (647) 436-0148 or 1-888-203-1112 (North America toll-free) and entering the identification code 9422114#.

About Scotiabank
Scotiabank is Canada’s international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 24 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of over $915 billion (as at October 31, 2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @Scotiabank.

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