TerraPay Strengthens its Position in Americas by Launching Services in Mexico and 15 Other Latin American Markets

Network

TerraPay, a leading global payments infrastructure company, bolstered its operation in the LATAM region after successfully launching in the USA and Canada earlier this year. TerraPay’s technology compliance systems and local partners enable their clients to conduct transactions cost effectively and seamlessly  on any bank account in the following countries: Mexico, Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru and Uruguay.

TerraPay has established itself as a global Partner to leading banks, Money Transfer operators, Mobile Wallet Operators and financial Institutions to facilitate digital transactions without borders. As a B2B company, TerraPay partners with other businesses and helps them leverage its agile, secure, and scalable technology platform to enhance their customer proposition for remittances, payments, and cross border spends.

It is interesting to note that remittance inflows into Latin America and the Caribbean grew by an estimated 6.5 percent to $103 billion in 2020. While COVID-19 caused a sudden decrease in the volume of remittances in the second quarter of 2020, remittances rebounded during the third and the fourth quarters. This rebound can be attributed to the improvement in the employment situation in the United States. Although employment numbers is yet not back to pre-pandemic levels, it did support the increase in remittance flows into countries such as MexicoGuatemalaDominican RepublicColombiaEl SalvadorHonduras and Jamaica, for whom the bulk of remittances originate from migrants who are working in the United States.

Moreover, Latin America (LATAM) is also one of the fastest-growing mobile markets in the world and mobile penetration in the region has been rising consistently. In 2018, there were 326 million mobile internet users in the region, and that figure is anticipated to burgeon to over 422 million  by 2025. Part of the reason for such exponential growth is that mobile is the main tool for internet access in Latin America, providing a portable way for people living in the rural areas to get online.

As mobile penetration continues to increase  in LATAM, it is also facilitating a surge  in the number of innovative apps that promote opportunities for social mobility, financial independence, access to overseas markets and societal development which gives TerraPay and its partners a great opportunity to do business in the region. Also, in the recent past, TerraPay embarked on the first step to enter the Colombian region for enabling cross-border digital payments partnered  with MOVii, a leading mobile wallet service that allows both banked and unbanked Colombians to do financial transactions from their mobile phone, with ease, convenience and security. Like partnership with MOVii, TerraPay is strategizing and planning to onboard more such wallets and increase its footprints in the LATAM region.

Speaking on the LATAM market and the viable opportunities it presents for TerraPay, Philip Daniel, Regional Director, TerraPay said Latin America was one of the few regions to see positive growth in remittances in 2020 despite initial projections that economic fallout from the pandemic would cause the number of people sending money internationally to friends and family to plummet. According to data from Creative Associates International, Latin America had a 1% increase in remittances in 2020, while the amount sent to Africa and Asia dropped by 9% and 8% respectively. Initial projections from the World Bank predicted a nearly 20% fall in Latin America at the start of the pandemic.This is one of the many indicators which represents the opportunity that lies in the region. At TerraPay, we believe that the smallest payment deserves a borderless journey as safe as the largest. We are currently registered and regulated across 15 global markets and has a strong network of partners at the ‘send’ regions; the existing network will further benefit our future partners and associates in 16 LATAM markets. Built to simplify the complex barriers that stand in the way of smaller global payments, TerraPay’s infrastructure assure that it reaches its destination safely and instantly.

In the future, TerraPay also plans to expand  footprints in other LATAM markets  like the Dominican Republic. It has been observed and stated by credible reports that remittances make up a significant part of the Dominican Republic’s economy, with estimates placing the value of remittances at about 8% of the total GDP in 2019, DR, after a GDP decrease of -6.7% during 2020, expects a GDP growth of 4.8% in 2021 and 4.5% in 2022 being well above of the LATAM region growth projection of 3.7% for 2021, DR double the average of most low-income countries. While some remittances come from Europe and other Latin American countries, a staggering 75% come from the United States. This data backs TerraPay’s plans to enter the region in near future, opens up an incremental opportunity for the people and businesses of DR to connect with TerraPay’s 4Bn+ bank and 1.5Bn+ mobile wallet accounts partner customers globally.

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Micromine Reveals End-to-End Digital Ecosystem at Momentum 2021

Digital World

Micromine has revealed a new strategy to improve product clarity, deliver end-to-end, integrated digital solutions, and better serve its clients at Momentum 2021, a virtual conference for geo-professionals and mining specialists.

Hosted by international mining software developer Micromine, Momentum 2021 was attended by thousands of mining and exploration professionals hoping for an exclusive first look at the latest mining technologies.

Micromine CEO Andrew Birch said the refreshed direction for the business comes as the mining industry continues to evolve in the wake of COVID-19 and increases its focus on new processes and opportunities unlocked by sector-specific innovations.

“Looking back, it has been a year of further transformation for the mining industry, with many organisations looking for increased efficiency and stability by accelerating digital initiatives. 

“We believe further integration of digital technology is the key to delivering the next generation of efficiencies in the sector.

“Our vision is to create an ecosystem that connects experts across the exploration and mining value chain, using both new and existing technology to deliver better outcomes for our clients’ projects, their organizations and, most importantly, for the user,” Mr Birch said.

 

Renewed product clarity and integration

Micromine has revealed a range of changes to improve product clarity and better serve its clients. Its eponymous hero product, Micromine, has been split into two distinct offerings: Micromine Origin, focused on the exploration sector; and Micromine Beyond, supporting clients developing and operating mines.

Micromine’s suite of products are now clearly designed to fit into integrated solution and become parts of the everyday workflow of its clients.

With Micromine Origin, exploration professionals will gain access to a first of its kind geology modelling interface, with visualization, drillhole management, analytical and modelling tools, statistical, and geostatistical functionality needed in a more advanced exploration or resource estimation project.

Micromine Beyond offers targeted but flexible tools for planning, design, and scheduling in both surface and underground mines.

“By bringing users, data and technology together, we can help mining organizations build end-to-end digital processes and enable completely new and transformative business models that use data to accelerate smart decision making, maximize business opportunities and meet the challenges of delivering a sustainable future for the global community,” Mr Birch said.

Two recently announced acquisitions in the mine scheduling space – Precision Mining, including the SPRY product, and Alastri Software – round out Micromine’s core product offerings. Both products allow Micromine Beyond clients (those developing and operating mines) to translate their designs into actionable schedules, bridging the gap between mine design tools and operational mine production systems. 

 

Roadmap for 2022: Introducing Micromine Nexus

The Micromine Momentum 2021 event also saw the introduction of Micromine’s latest, in-house developed product, Micromine Nexus, which will launch globally in early 2022.

This newly developed offering is designed to connect and orchestrate workflow tools, while providing data security across the entire ecosystem.

“Nearly every client we talk to struggles to manage multiple people working on the same workflows, models, and geological data sets. Clients have told us they need a centralized storage location with robust version control.

“Micromine Nexus is the first step in our platform strategy to provide clients with unified data management and sharing capability across the Micromine product suite and ultimately a range of third-party point solutions to make the sharing of data a real possibility, driving significant efficiencies for your mining operation,” Mr Birch said.

The platform acts as a single source of truth for a team, making sure everyone is always working off the latest information. Thanks to the product’s open platform, virtually any file type can be stored, shared, and audit-tracked in one central location.

The platform architecture is ready to be defined by administrators without the need for extensive product training or any programming skills.

Micromine Nexus’ initial launch will support a public-cloud hosting and on-premise solution.

Mr Birch summarized the impetus for Micromine’s strategic shakeup saying, “We have watched as our clients have embraced the opportunities that technological advancements offer their businesses. But we have also seen the difficulty many organisations have when trying to integrate these tools for more efficient and intelligent operations.

“It’s this need – delivering better outcomes for your projects – that inspires Micromine to continuously innovate. We deliver against this not only Micromine’s suite of products, but also the way these products fit into an integrated solution that become parts of our clients’ everyday workflow.”

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American Blockchain PAC Launches to Advance Blockchain and Cryptocurrency Innovation in America

Blockchain

New PAC Plans to Raise $300M to Support Federal Candidates Supportive of Blockchain-Friendly Policies

The American Blockchain Political Action Committee (PAC) has officially launched its goal to raise $300 million dollars to advance and support present and future innovation of digital assets and blockchain in the United States. 
 
The American Blockchain PAC seeks to advance American innovation and dominance by challenging all proposed federal legislation, including the bipartisan Infrastructure Investment and Jobs Act (2021), that would place regressive taxation onto cryptocurrency exchanges, digital asset transfers, miners, node operators, Bitcoin ATM operators, and software developers. The American Blockchain PAC will safeguard America’s preeminence by fostering the next generations of innovators, who are not only constructing fourth-generation internet ecosystems and platforms, but also the digital currency-blockchain constructs that reduce cybersecurity hazards and will infuse trillions of new dollars into America’s economy. 
 
“As federal officials seek policy methodologies to navigate how public blockchain platforms and innovators should be regulated, the American Blockchain PAC will serve as a critical source of knowledge and information for donors and decision-makers on issues impacting this ecosystem,” American Blockchain PAC Founder Todd White said. “The American Blockchain PAC will work tirelessly to ensure the United States continues to be an environment that proudly fosters innovation and offsets an exodus of 21st-century talent. The surest way to prevent such a catastrophe is to interdict passages within federal legislative policy frameworks where ‘mutuality in definitions’ do not exist.” 
 
“Blockchain is proudly an American invention,” said American Blockchain Super PAC Chief Executive Officer Adelle Nazarian. “There are several key initiatives the PAC will be steering, such as leading efforts to build a vanguard of new Congressional candidates and reelecting officials who believe in and support cryptocurrency-blockchain innovation and transformation. This will include targeted campaign ad rollouts to support American digital ingenuity and regulation, with an emphasis on privacy protections for American investors.” 
 
The American Blockchain PAC was formed with the understanding that the overregulation of critical and innovative blockchain technology is in direct conflict with the ideals and values that best serve the interests of the American People. The American Blockchain PAC was created to ensure our government does not usurp future innovation, but instead fosters an environment of understanding about how digital currencies can be intelligently mainstreamed within our ever-replicating financial system. Digital currencies have the ability to perform the three consistent functions found in traditional forms of money; to store value, to measure value, and to be a medium of exchange. The American Blockchain PAC provides an opportunity for every facet of the digital assets ecosystem to galvanize against obtuse legislation. By contributing to the hybrid PAC, there is an historic opportunity to unify and shape policy narratives.
 
“To win the future, America needs blockchain legislation that promotes innovation while keeping abuse in check,” said American Blockchain PAC Board of Directors Advisor Dr. W. Scott Stornetta. Stornetta — considered by many to be a founding father of the blockchain — added, “donating my time to help Congressional leaders better understand the value-creating potential of blockchain is, in my mind, a civic responsibility.”
 
Blockchain, including cryptocurrencies, is reshaping the world’s financial infrastructure before our very eyes. Its implications for governance, commerce, and security will be equally profound. There is an increasing impetus to raise our legislators’ understanding of how the technology works and what it can do for America, both internally, as well as for American competitiveness abroad. 
 
“Blockchain, like its centuries of information technology precursors, must be applied to the American financial industry unfettered,” noted Tezos DeFi Founder and American Blockchain PAC Advisor Kevin Mehrabi.
 
“The time has come for technology to bring us together with a shared purpose and vision to move us forward and turn the promise of America into a distributed system that all free users of the world are welcome on,” said American Blockchain PAC Advisor Ariel Jalali
 
This is the dawn of the new internet. The American Blockchain PAC is on the frontlines of protecting and mainstreaming the most effective uses of blockchain and digital assets in America. The American Blockchain PAC leadership is headed by Founder Todd August White; Chief Executive Officer Adelle Nazarian; Dr. W. Scott Stornetta, who serves as a pro bono advisor to the Board of Directors; and Kevin Mehrabi and Ariel Jalali, who serve as advisors to the hybrid PAC.

The American Blockchain ecosystem is at imminent risk of losing strategic debates in Congress and rolling back future innovation. The American Blockchain PAC supports crypto-friendly Members of Congress and seeks to build a vanguard of new Congressional Candidates who believe in cryptocurrency-blockchain innovation and digital transformation.

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Fusion Ventures Rebrands to Helia Capital with New Look and Mission to Empower and Partner with Purpose-Driven Businesses Across Canada and The United States

Firm

Helia Capital’s launch follows the firms’ latest deal with California’s rapidly growing plant-based fast-food brand, Plant Power Fast Food

Fusion Ventures, a sector-focused private investment firm founded by Lee Piccoli in 2018, today announces a rebrand and renaming to Helia Capital, marking the next evolution of the company. Helia Capital is a patient capital partner that supports businesses in the transition from entrepreneurial to a professionally managed organization, focusing on partnering with purpose-driven brands that are looking to achieve sustainable growth.

The Helia Capital team is currently led by CEO and Founder, Lee Piccoli, and Sebastien Koechli, Managing Director. Lee Piccoli is also the CEO & Founder of Fusion Homes, a multi-award-winning real estate development business based in Guelph, Ontario that Piccoli has overseen throughout its evolution from an entrepreneurial company to a professionally managed business. Sebastien is a veteran finance professional with over 15 years of experience, specializing in private equity investing, and M&A, working internationally across a variety of sectors.

Helia Capital seeks out a niche in the current landscape of private equity and funding. With Piccoli at the heart of the new brand, his experience building Fusion Homes from the ground up, at a young age, makes him uniquely qualified to understand what it takes, to expect the unexpected hurdles that can arise, and identify the trajectory and signs of a flourishing business model. One of Helia Capital’s key benefits to their partners is that they are a patient capital partner — not focused on short-term gains, rather achieving sustainable growth by working with organizations that seek to solve large challenges through their business model.

“Navigating this new Helia Capital brand from start to finish has been a true labour of love, and something that I’m incredibly proud of and excited to launch out into the world,” says Helia CEO and Founder, Lee Piccoli“With a mission to invest in purpose-driven companies that are a rare combination of pure passion and operational excellence, our focus is on making a significant impact by working together to solve large challenges through sustainable business models that value factors outside of the bottom line.”

Today’s announcement highlights the most recent deal that Helia was an instrumental part of. In April 2021, Fusion Ventures (now known as Helia Capital) led a $7.5 million Series A raise with Plant Power Restaurant Group, LLC., the parent company of Plant Power Fast Food. This announcement also included the addition of Helia’s Sebastien Koechli to The Plant Power Restaurant Group’s Board of Directors.

The funds from the Series A raise will be used by the plant-based fast-food restaurant chain to continue to execute expansion plans with a focus on new corporate unit development. The Plant Power Restaurant Group reported year-on-year enterprise-wide retail net sales growth of 52.14% in 2020 and announced plans to more than double the number of operating restaurants by the third quarter of 2022. New and upcoming store locations set to open for Plant Power include HollywoodSan DiegoSan ClementeLaguna Hills, and a second Las Vegas location following the opening of a flagship location in October 2021, marking the brand’s first move outside of California.

“We are incredibly thankful to be working with Helia as they are everything that we hoped for in a partner,” says Plant Power Co-founder and CEO Jeffrey Harris. “Lee and Sebastien’s expertise and skillsets have really allowed us to not only envision but achieve some of the key milestones we’ve been working towards. Their investment and belief in our mission to change the world has been such an integral part of the evolution of our strategy over the last several months. What is truly invaluable however is to have both of them be part of our team, especially during this critical point in the growth and expansion of our business.” 

Prior to the brand evolution to Helia Capital, Fusion Ventures built a strong track record of strategic investments, notably partnering with two entrepreneur-lead companies; Childventures and Spring Mill Distillery. With each partnership, the team was involved financially, and strategically, including operational support and corporate governance, further driving brand and business growth. Childventures is an Early Learning Academy and leader in early childhood development programs in Canada blending curriculum and the very best teaching methods from Baby Signs and High Scope® to Montessori and Core Knowledge®. Childventures has seen incredible success to date since partnering with the Helia Capital team, including a 60% rise in the opening of new locations since April 2019, with a 9th location currently under development to open in 2023.

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The High Prevalence of Non-Communicable Diseases in the Caribbean is Exacerbating the Pandemic’s Impact and Hindering the Subregion’s Progress Towards Sustainable Development

Disease

Alicia Bárcena, Executive Secretary of ECLAC, and Camillo Gonsalves, Minister of Finance, Economic Planning and Information Technology of Saint Vincent and the Grenadines, led a seminar on this issue prior to the 20th meeting of the Monitoring Committee of the Caribbean Development and Cooperation Committee.

The high prevalence of non-communicable diseases in the Caribbean – such as high blood pressure, diabetes and cancer – is exacerbating the impact of the COVID-19 pandemic and hindering the subregion’s progress towards achieving sustainable development due to their multiple health, economic and social consequences, according to the authorities, representatives of international organizations and specialists participating in a virtual event organized by the Economic Commission for Latin America and the Caribbean (ECLAC) prior to the Twentieth meeting of the Monitoring Committee of the Caribbean Development and Cooperation Committee (CDCC), to be held today.

The Seminar on non-communicable diseases and their impact on sustainable development in the Caribbean was inaugurated by Alicia Bárcena, Executive Secretary of ECLAC, and Camillo Gonsalves, Minister of Finance, Economic Planning and Information Technology of Saint Vincent and the Grenadines. The moderator was Diane Quarless, Director of ECLAC’s Subregional Headquarters for the Caribbean, located in Port-of-Spain.

“Not only does the COVID-19 pandemic continue to rage in the Caribbean,” Alicia Bárcena affirmed upon emphasizing that it is “one of the subregions of the world with the highest prevalence of non-communicable diseases (NCDs).”

Data from the World Health Organization (WHO) shows that NCDs are the main cause of death in the subregion’s countries, ranging from 57% in Haiti to 83% in Barbados, she stated. In each Caribbean country, more than half of all deaths annually can be attributed to non-communicable diseases, which also contribute significantly to disability, ECLAC’s Executive Secretary warned.

The pandemic has aggravated the risks that people with non-communicable diseases face: not only do they continue to be at greater risk of dying or suffering severe illness from COVID-19 infection, they also have been affected by interruptions in health care due to services being overburdened, Bárcena explained.

In this context, the high-level United Nations representative called for accelerating vaccination efforts. The rate of full vaccination in the Caribbean amounts to 35.2%, with great heterogeneity between countries. This percentage, she indicated, is below the global rate (39.0%) and that of Latin America (47.5%).

“The entire region of Latin America and the Caribbean should strengthen production, distribution and access to medicines and vaccines. To achieve this, on September 18, ECLAC presented the Plan for self-sufficiency in health matters requested by the Community of Latin American and Caribbean States (CELAC). We are moving from design to implementation of the plan, with focal points in all the countries and various meetings planned for the coming months. We hope the Caribbean will join us,” Bárcena stated.

In his remarks, Minister Camillo Gonsalves of Saint Vincent and the Grenadines expressed appreciation for the opportunity to address the problem of non-communicable diseases at a time when all Caribbean countries are fighting the pandemic and many of their ministers and leaders are talking about climate change and the subregion’s future in the framework of the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 26).

“Non-communicable diseases are responsible for 6 of the 10 main causes of death in the subregion” and they entail a heavy economic cost for governments, due to high health expenditures, as well as for people, Minister Gonsalves said. NCDs have a disproportionate impact on people living in poverty, which means that addressing them constitutes a development challenge for the Caribbean, which is also true for other phenomena such as climate change, he noted.

“Non-communicable diseases are within our control, they are preventable,” the Minister acknowledged, affirming that current policies are not effective because they are not sufficiently focused on prevention, nor do they include cross-sector and coordinated approaches.

The seminar’s first panel featured remarks by Kenneth George, Chief Medical Officer of Barbados; Fitzroy Henry, Professor at the College of Health Sciences of the University of Technology of Jamaica; Kavita Singh, Senior Research Scientist at the Public Health Foundation of India; and Francis Morey, Deputy Director of Health Services of Belize; while Simon Anderson, Professor and Director of the George Alleyne Chronic Disease Research Center at The University of the West Indies, Cave Hill Campus Barbados, acted as moderator. Subsequently, Joy St. John, Executive Director of the Caribbean Public Health Agency, led a discussion.

Participating in the second and final panel were Anselm Hennis, Director of the Department of Noncommunicable Diseases and Mental Health at the Pan American Health Organization (PAHO/WHO); Rachel Nugent, Vice President of Global Noncommunicable Diseases at RTI International; Stanley Lalta, from the Centre for Health Economics of The University of the West Indies, St. Augustine Campus, Trinidad and Tobago; and Rosa Sandoval, Coordinator of the Economics of NCDs Team at PAHO. Acting as moderator was Abdullahi Abdulkadri, an official at ECLAC’s Subregional Headquarters for the Caribbean.

The specialists called on governments to invest in a comprehensive approach to NCDs, with a focus on strengthening primary care and preventing risk factors such as an unsuitable diet, physical inactivity and tobacco and alcohol abuse. They also urged for taking growing mental health problems into consideration.

At the close of the event, Alicia Bárcena summed up what had been discussed, delivering 10 messages. First, she said, COVID-19 was a wake-up call about the importance of addressing non-communicable diseases. Because care and treatment for NCDs were reduced during the pandemic, it is urgently necessary to support the efforts of health services with innovations in telemedicine and other solutions, she sustained. She also posed the need to utilize all available tools to foster healthy lifestyles, strengthen primary health care and community-based programs, and promote food security, nutrition-sensitive social protection and support for farmers.

Bárcena further contended that it is critical to achieve greater equity in access to essential medicines, reduced waiting times and reduced out-of-pocket payment burdens for people, while also expanding partnerships with academic institutions in the Caribbean and reinforcing inter-agency collaboration. The idea of using taxes on unhealthy products is also generating interest and should be carefully weighed using a sound socioeconomic analysis, she added.

To procure a resilient post-pandemic recovery, Caribbean countries need a healthy and productive workforce, the Commission’s Executive Secretary stressed. The GDP of the Caribbean dropped by 7.7% in 2020 as a result of the pandemic, compounding the high rates of indebtedness faced by the subregion’s countries. ECLAC estimates that in 2021, the Caribbean’s GDP will only grow by 4.1%.

“By taking an economic approach to the analysis of the NCD problem, we hope that policies aimed at promoting health and preventing disease will not only be cost-effective but that they may also be cost-saving, thereby making government health expenditures more effective,” Bárcena emphasized. This is a problem for society as a whole, which must be addressed beyond the health field. “Interventions on non-communicable diseases are within our reach. You can count on ECLAC.”

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Brim is Bringing the Instant Card Experience to your Apple Wallet in Canada

Digital Card

Instant provisioning into Apple Wallet enables customers to transact seconds after completing a credit card application

Brim Financial (Brim), one of the fastest growing fintech companies in Canada and a licensed credit card issuer, today announced the launch of their new instant card experience, allowing customers to apply for a credit card through the Brim app and begin transacting within seconds of being approved after completing their application. Brim is the first company in Canada to enable customers to add the new digital card to the Apple Wallet with the click of a button and begin transacting using Apple Pay.

“We will continue to deliver on our promise to bring ground-breaking solutions to the fintech and banking space. The pandemic has accelerated the rate at which touchless shopping has become a necessity for consumers. Our new instant card experience brings Brim’s cutting-edge technology to our platform partners to meet this moment of rapid change,” said Rasha Katabi, CEO and founder of Brim Financial.

The instant card experience is the latest development also accessible to Brim’s partners. Brim’s Platform-as-a-Service (PaaS) technology is a market leading, end-to-end embedded banking and finance solution that integrates with any bank, credit union or commercial partner to bring innovative products through a digital first platform with embedded buy now pay later capabilities and global loyalty and rewards.

“Our partnership with Brim allows us to seamlessly innovate and offer first-to-market features to our clients, delivering outstanding products and experiences, without having to build and allocate resources internally – a significant competitive advantage.”  said Anthony Danda, Vice President of Product Management at Canadian Western Bank (CWB). CWB is the first Schedule 1 Bank in the country to offer instant approval and digital card capability to new applicants.

All cardholders in Brim’s PaaS ecosystem not only have the ability to make purchases with their new card instantly at stores globally and online, they will also benefit from earning accelerated rewards. Brim’s loyalty and rewards platform is seamlessly embedded in all card products, establishing a two-way bridge between merchants and consumers all in real-time.

Brim expects to expand their offering to Google Pay in the near future.

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ITRenew Expands Suite of Networking Solutions with Pluribus Networks’ Adaptive Cloud Fabric Software

Cloud Network

Sesame by ITRenew integrates with Pluribus Networks software to bring advanced and sustainable network solutions with the flexibility and efficiency of open architecture to industry-leading open compute and storage infrastructure

ITRenew, the global leader in circular cloud and sustainable data center infrastructure, today announced the expansion of its suite of Sesame by ITRenew networking solutions to include Pluribus Networks‘ Netvisor® ONE operating system and Adaptive Cloud Fabric™ controllerless SDN cloud networking software.

Sesame by ITRenew customers now have the option to add Pluribus’ open networking software to their hyperscale-grade compute, storage and networking infrastructure for a fully integrated hardware and software solution. The combination is ideal for organizations seeking best-in-class data center solutions that are fully tested, deliver the flexibility and efficiency of open architecture, and offer the performance and power needed to support multiple workloads.

“We’re excited to add Pluribus as an ITRenew Technology Partner. Both companies share a commitment to removing the cost and complexity barriers to profitable and sustainable data center growth worldwide,” said Ali Fenn, President, ITRenew. “The availability of Pluribus’ networking software on Sesame systems will make it even easier for our customers to deploy, optimize and scale their critical infrastructure around the globe.”

Enterprises and service provider customers globally have been quick to recognize the value of this collaboration and the high-performance, multitenant, hybrid multi-cloud architecture that enables them to expand their capabilities. ITRenew is currently implementing projects with Pluribus Networks in North AmericaEurope and Asia Pacific that span multiple customer segments.

“Networking has always been the Achilles heel of the data center, slowing service delivery and creating friction for the business. Pluribus puts these issues to rest with radical network automation, virtualization and visibility,” said Kumar Srikantan, CEO, Pluribus Networks. “In addition to the appeal of short lead times, we believe strongly in the value ITRenew brings economically, environmentally, and operationally to enterprise and service provider customers. Pluribus is excited to see our cloud networking software integrated into these rack-scale solutions, ensuring ITRenew customers can move at the speed of cloud.”

“The imperative of digital transformation and the rise of modern applications have increased the demand for datacenter infrastructure that can be deployed quickly to deliver the agility, flexibility, resiliency, programmability, and operational simplicity associated with the best of cloud technology. Organizations are also paying greater attention to the environmental impact of their IT infrastructure. As unprecedented and widespread global supply-chain constraints inhibit the industry’s capacity to meet demand, ITRenew and Pluribus have responded with sustainable rack-scale solutions that deliver hyperscale-grade cloud infrastructure that can be deployed in a matter of weeks,” said Brad Casemore, IDC’s Research Vice President, Datacenter and Multicloud Networks.

In addition to the breakthrough time to value, total cost of ownership and sustainability advantages customers have come to expect from ITRenew, the integration of Netvisor ONE and Adaptive Cloud Fabric enables them to radically simplify their data center fabric networking. Now they can easily deploy active-active data centers for increased availability, edge data centers for low latency, support workload mobility for performance optimization and program the entire network fabric with one or two commands – whether in a single rack, several racks inside a single data center or across multiple data center sites around the globe. 

As members of the Open Compute Project (OCP), a collaborative community accelerating the benefits of open systems, ITRenew and Pluribus are also enabling customers to realize the efficiency, flexibility and sustainability benefits of hardware built on open architecture and software based on Linux Foundation open source.

“The Open Compute Project is designed to attract a community of open cloud infrastructure players with a goal of fostering innovation with open hardware designs and open source software while at the same time decarbonizing the IT supply chain. We are pleased to see this collaboration between key OCP solution providers hitting these two objectives squarely, showcasing that our mission and community structure is working just as we envisioned,” said Steve Helvie, VP Channel Development, Open Compute Project (OCP).

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