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BCSG (BUSINESS CENTRIC SERVICES GROUP)

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BCSG (BUSINESS CENTRIC SERVICES GROUP) 3

BCSG are a cloud services broker. They connect small businesses (SMBs) with the cloud applications they need to succeed through a business app market. Their partnership with leading brands provides a reach to over 4 million SMBs worldwide, with their business app market currently being used by over 200,000 SMBs. Their clients are large corporates that have a significant SMB customer base, and they typically work with financial institutions and telecom companies.

The BCSG head office is situated at the centre of London’s Silicon roundabout, with offices that cover North America, Europe and APAC.

BCSG (BUSINESS CENTRIC SERVICES GROUP) 4Established in 2008, to help address the needs of SMBs, BCSG has gone from strength to strength. In the last 2 years the company has seen significant growth in a number of areas; staff numbers have grown from 50 to 110, with 50% coming in the last 6 months, their small business customer app users have risen from zero to more than 60,000, and internationally they have doubled the markets they’re selling to. They have also grown revenue from £2m in 2010 to £15m in 2014 and maintained a profit in every year of trading since launch.

BCSG provide a fully customisable business app marketplace to large corporates for them to offer to their small business customers. They work with their clients to design the right proposition for their SMEs, source the right ISV partners (from our catalogue of 100 partners), integrate those partners into a tailored platform and then deliver 24 hour customer support every working day, with integrated billing. They also help clients in designing and implementing a fully supported go-to-market strategy.

Key Executives
John Davis, Managing Director
Tom Platt, Commercial Director
Eamon O’Dwyer, Strategy Director

Corporate social responsibility activities
Business environment: BCSG is built with the purpose of helping small businesses to thrive. They provide real, tangible solutions for small businesses, so far they have helped over 60,000 businesses run their companies better.

Environment: BCSG have reviewed their office lighting and the CO2 savings from this alone is 145 Tonnes per annum. Although they operate a minimum print policy, the paper they recycle saves 212 trees from being felled per annum. Employees are also encouraged to cycle and the company is part of the Cycle to Work scheme.

Young people: BCSG believe in young people and are partnered to an apprenticeship scheme. This year they have have taken on eight young people so far – they join on a 6 month apprenticeship contract but within 3-4 months this is usually converted to a full employment contract (7/8 hit rate to date).

Major projects to be noted
EE Business Apps platform – EE are one the UK’s largest and most advanced digital communications companies. They saw an opportunity to add SaaS as a natural complement to and enabler of their core business services. After considering a number of cloud service providers BCSG were chosen to collaboratively design the EE Business App platform.

Santander iBusinessHub – Santander UK is a leading financial services provider in the UK. They “pride themselves on providing innovative, value added services to their customers”, and after talking to their customers they found “strong demand for these powerful, yet easy to use solutions” hence partnering with BCSG to introduce cloud-based business applications.

Awards
Tech track 100 for two years in a row, moving up 18 positions to 44th this year.
National champion for EBA 2014
Shortlisted for NBA Digital Business of the year 2014

Branch locations
London, UK
Sydney, Australia
Delaware, US
Pretoria, South Africa.

Contact information
Email: : [email protected], Telephone: UK +44 (0)845 880 8820, Website: www.bcsg.com
www.bcsg.com

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Bitcoin overtakes “long tech” as most crowded trade – BofA fund manager survey

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Bitcoin overtakes "long tech" as most crowded trade - BofA fund manager survey 5

LONDON (Reuters) – A long position on bitcoin overtook “long tech” as the trade fund managers said was the most crowded in January, Bank of America’s monthly fund manager survey showed on Tuesday.

For the first time since October, a long position on technology companies was knocked off the top spot, as investors said that long bitcoin was the most crowded trade. A short position on the U.S. dollar was seen as the third most crowded.

A steeper yield curve was expected by a record 83% of investors – that’s more than after the 2008 Lehman Brothers collapse, the 2013 U.S. Federal Reserve’s “Taper Tantrum” or after the 2016 U.S. election. The expectation of higher bond yields was at or close to all-time highs.

The top tail risks to the economy were thought to be problems with the vaccine rollout (30%), the Fed easing its asset purchases (29%), and a Wall Street bubble (18%).

(Reporting by Elizabeth Howcroft; editing by Thyagaraju Adinarayan)

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British hospitals use blockchain to track COVID-19 vaccines

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British hospitals use blockchain to track COVID-19 vaccines 6

By Tom Wilson

LONDON (Reuters) – Two British hospitals are using blockchain technology to keep tabs on the storage and supply of temperature-sensitive COVID-19 vaccines, the companies behind the initiative said on Tuesday, in one of the first such initiatives in the world.

Two hospitals, in central England’s Stratford-upon-Avon and Warwick, are expanding their use of a distributed ledger, an offshoot of blockchain, from tracking vaccines and chemotherapy drugs to monitoring fridges storing COVID-19 vaccines.

The tech will bolster record-keeping and data-sharing across supply chains, said Everyware, which monitors vaccines and other treatments for Britain’s National Health Service (NHS), and Texas-based ledger Hedera, owned by firms including Alphabet’s Google and IBM, in a statement.

Logistical hurdles are a significant risk to the speedy distribution of COVID-19 vaccines but have resulted in booming business for companies selling technology for monitoring shipments from factory freezer to shots in the arm.

Pfizer Inc and BioNTech’s shot, for example, must be shipped and stored at ultra-cold temperatures or on dry ice, and can only last at standard fridge temperatures for up to five days.

Other vaccines, such as Moderna Inc’s, do not need such cold storage and are therefore easier to deliver.

“We can absolutely verify the data that we’ve collected from every single device,” Everyware’s Tom Screen said in an interview. “We make sure that data is accurate at source, and after that point we can verify that it’s never been changed, it’s never been tampered with.”

Firms from finance to commodities have invested millions of dollars to develop blockchain, a digital ledger that allows the secure and real-time recording of data, in the hope of radical cost cuts and efficiency gains.

Results have been mixed, though, with few projects achieving the revolutionary impact heralded by proponents.

Everyware’s Screen said it while it would be possible to monitor the vaccines without blockchain, manual systems would raise the risk of mistakes.

The system will “allow us to demonstrate our commitment to providing safe patient care,” said Steve Clarke, electro-bio medical engineering manager at South Warwickshire NHS in a statement.

(Reporting by Tom Wilson; Editing by Hugh Lawson)

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Shares climb ahead of Yellen speech, earnings in focus

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Shares climb ahead of Yellen speech, earnings in focus 7

Via Reuters

By Danilo Masoni and Wayne Cole

MILAN/SYDNEY (Reuters) – Global shares climbed and the dollar eased on Tuesday ahead of Janet Yellen’s Treasury Secretary confirmation speech, in which she is expected to bolster the case for heavy fiscal stimulus in the world’s largest economy.

Concerns that pandemic lockdowns could slow the road to economic recovery faded into the background as markets prepared for possible positive surprises from the earnings season.

Asian shares posted strong gains and in Europe upbeat earnings reports from miner Rio Tinto and computer peripherals maker Logitech helped the STOXX 600 benchmark index edge up by 0.1% in morning trade.

Wall Street looked set for a strong start, with S&P 500 futures rising 0.6% and Nasdaq futures up 0.9% after the long holiday weekend.

The MSCI world equity index, which tracks shares in 49 countries, was up 0.3% by 0907 GMT.

“Yellen … will attempt to sell U.S. President-elect Biden’s $1.9 trillion fiscal stimulus plan (arguing that low interest rates allow a big fiscal stimulus),” Paul Donovan, Chief Economist of UBS Global Wealth Management, said in a note.

“If the growth rate generated by government investment in infrastructure or people exceeds the cost of borrowing, it is a worthwhile exercise.”

Yellen will tell the Senate Finance Committee that the government must “act big” with its next coronavirus relief package, according to her prepared statement seen by Reuters.

Asian shares had climbed on investor expectation that China’s economic strength would help TO underpin growth in the region. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5% to a record high.

Data on Monday confirmed that the world’s second-largest economy was one of the few to grow over 2020 and actually gathered pace as the year drew to a close.

Analysts at JPMorgan felt the coming earnings season could brighten the mood, given the consensus in Europe was for a 25% fall year on year, setting a very low bar.

“The projected EPS (earnings per share) growth in Europe now stands at the lows of the crisis, which seems too conservative and could likely lead to positive surprises over the reporting season,” they wrote.

The same could be true for the United States, where results from BofA, Morgan Stanley, Goldman Sachs and Netflix are due this week.

Despite the risk-on mood on Tuesday, dealers were wary ahead of U.S. President-elect Joe Biden’s inauguration on Wednesday, given the risk of more mob violence.

Wall Street is also bracing for tougher regulations now that the Democrats control the Senate, with Biden set to nominate two consumer champions to top financial agencies.

In foreign exchange markets, the U.S. dollar slipped from close to its highest in nearly a month as caution set in before Yellen’s speech.

The dollar index was last at 90.63, down 0.15% on the day but comfortably above its recent trough of 89.206.

The euro rose 0.2% to $1.2106 after touching a six-week low of $1.2052 overnight, while the dollar weakened by 0.3% against the safe-haven yen at 104.04.

In fixed income markets, Italian 10-year bond yields fell slightly to 0.592% ahead of a confidence vote in the Senate that could force Prime minister Giuseppe Conte to resign.

But expectations that snap elections are unlikely, coupled with ECB stimulus to fight the adverse impact of the coronavirus crisis, limited any sell-off.

Gold rose 0.3% to $1,843 an ounce after briefly reaching a six-week low of $1,809.90 overnight. [GOL/]

Crude oil prices firmed on optimism that government stimulus will buoy global economic growth and oil demand. Brent crude futures rose 0.7% to $55.40 a barrel and U.S. crude was up 0.5% at $52.60. [O/R]

(Reporting by Danilo Masoni and Wayne Cole; Additional reporting by Julie Zhu; Editing by David Goodman)

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