Connect with us

Top Stories

Volante Technologies adds industry veterans David Mark as non-exec Board member and Harpreet Grewal as Executive in Residence

Published

on

Volante Technologies adds industry veterans David Mark as non-exec Board member and Harpreet Grewal as Executive in Residence

Expansion of leadership team to help drive Volante’s continued innovation and growth in global payments

Volante Technologies Inc., a global provider of software for the integration, processing and orchestration of payments and financial messages, today announced the appointment of David Mark, Senior Partner and Managing Director at The Boston Consulting Group (BCG), to its Board of Directors. Harpreet (Harp) Grewal, long-time member of the firm’s Board of Directors, takes on an additional role in the firm as Executive in Residence.

David joins Volante’s board with extensive experience in helping clients with product, strategy and innovation. Most recently David has been working with clients to take advantage of emerging technologies such as blockchain, cloud computing, big data and analytics. Prior to joining BCG, David was Chief Strategy Officer for Flex, a fortune 500 technology firm. David has also served as a Senior Partner at McKinsey & Co.

Harp Grewal joins Volante’s team in the position of Executive in Residence having served the past 5 years on the firm’s board. Harp also currently serves on the board of a number of firms, including Penumbra NYSE: PEN. Harp was previously General Manager and CFO at Constant Contact, where he played an integral role in the firm’s acquisition to Endurance International group for $1.1 billion. Harp has also served as CFO at Cimpress and in various strategy roles at PepsiCo.

David Mark, non-exec Board member, Volante Technologies, commented, “Volante has established itself as a leader in true payments innovation. Volante’s products accelerate business agility exponentially. In today’s rapidly changing payments landscape with the increased use of APIs and blockchain technology, the ability to adapt to change creates competitive advantages. I look forward to helping Vijay and the team with their strategic objectives to achieve the growth of the company.”

Harp Grewal, Executive in Residence, Volante Technologies, added, “I have known Volante and its leadership team for many years. They are one of the leaders in disrupting the global payment and financial messaging space for some of the largest financial institutions around the world. I am excited to have the opportunity to take on a more expansive operational role to help the team accelerate Volante’s momentum in the payments space.”

Commenting on the appointments, Vijay Oddiraju, CEO Volante Technologies, said, “I am delighted to welcome David to our Board and to have increased operational involvement from Harp. Both David and Harp bring a wealth of expertise to our firm. 2017 was a monumental year for Volante in driving payments innovation; the first real-time payment in the U.S. was enabled through Volante’s technology and we are looking forward to facilitating further innovation in 2018. As we expand to provide greater payments innovation, we will lean on David’s insights as a trusted advisor to the largest technology firms and on Harp’s experience managing high growth companies to guide our focused growth. Together, the two leaders provide a unique blend of strategic and operational experience that will contribute to Volante Technologies’ sustained position as a payments innovation partner.”

Top Stories

Australia says no further Facebook, Google amendments as final vote nears

Published

on

Australia says no further Facebook, Google amendments as final vote nears 1

By Colin Packham

CANBERRA (Reuters) – Australia will not alter legislation that would make Facebook and Alphabet Inc’s Google pay news outlets for content, a senior lawmaker said on Monday, as Canberra neared a final vote on whether to pass the bill into law.

Australia and the tech giants have been in a stand-off over the legislation widely seen as setting a global precedent.

Other countries including Canada and Britain have already expressed interest in taking some sort of similar action.

Facebook has protested the laws. Last week it blocked all news content and several state government and emergency department accounts, in a jolt to the global news industry, which has already seen its business model upended by the titans of the technological revolution.

Talks between Australia and Facebook over the weekend yielded no breakthrough.

As Australia’s senate began debating the legislation, the country’s most senior lawmaker in the upper house said there would be no further amendments.

“The bill as it stands … meets the right balance,” Simon Birmingham, Australia’s Minister for Finance, told Australian Broadcasting Corp Radio.

The bill in its present form ensures “Australian-generated news content by Australian-generated news organisations can and should be paid for and done so in a fair and legitimate way”.

The laws would give the government the right to appoint an arbitrator to set content licencing fees if private negotiations fail.

While both Google and Facebook have campaigned against the laws, Google last week inked deals with top Australian outlets, including a global deal with Rupert Murdoch’s News Corp.

“There’s no reason Facebook can’t do and achieve what Google already has,” Birmingham added.

A Facebook representative declined to comment on Monday on the legislation, which passed the lower house last week and has majority support in the Senate.

A final vote after the so-called third reading of the bill is expected on Tuesday.

Lobby group DIGI, which represents Facebook, Google and other online platforms like Twitter Inc, meanwhile said on Monday that its members had agreed to adopt an industry-wide code of practice to reduce the spread of misinformation online.

Under the voluntary code, they commit to identifying and stopping unidentified accounts, or “bots”, disseminating content; informing users of the origins of content; and publishing an annual transparency report, among other measures.

(Reporting by Byron Kaye and Colin Packham; Editing by Sam Holmes and Hugh Lawson)

Continue Reading

Top Stories

GSK and Sanofi start with new COVID-19 vaccine study after setback

Published

on

GSK and Sanofi start with new COVID-19 vaccine study after setback 2

By Pushkala Aripaka and Matthias Blamont

(Reuters) – GlaxoSmithKline and Sanofi on Monday said they had started a new clinical trial of their protein-based COVID-19 vaccine candidate, reviving their efforts against the pandemic after a setback in December delayed the shot’s launch.

The British and French drugmakers aim to reach final testing in the second quarter, and if the results are conclusive, hope to see the vaccine approved by the fourth quarter after having initially targeted the first half of this year.

In December, the two groups stunned investors when they said their vaccine would be delayed towards the end of 2021 after clinical trials showed an insufficient immune response in older people.

Disappointing results were probably caused by an inadequate concentration of the antigen used in the vaccine, Sanofi and GSK said, adding that Sanofi has also started work against new coronavirus variants to help plan their next steps.

Global coronavirus infections have exceeded 110 million as highly transmissible variants of the virus are prompting vaccine developers and governments to tweak their testing and immunisation strategies.

GSK and Sanofi’s vaccine candidate uses the same recombinant protein-based technology as one of Sanofi’s seasonal influenza vaccines. It will be coupled with an adjuvant, a substance that acts as a booster to the shot, made by GSK.

“Over the past few weeks, our teams have worked to refine the antigen formulation of our recombinant-protein vaccine,” Thomas Triomphe, executive vice president and head of Sanofi Pasteur, said in a statement.

The new mid-stage trial will evaluate the safety, tolerability and immune response of the vaccine in 720 healthy adults across the United States, Honduras and Panama and test two injections given 21 days apart.

Sanofi and GSK have secured deals to supply their vaccine to the European Union, Britain, Canada and the United States. It also plans to provide shots to the World Health Organization’s COVAX programme.

To appease critics after the delay, Sanofi said earlier this year it had agreed to fill and pack millions of doses of the Pfizer/BioNTech vaccine from July.

Sanofi is also working with Translate Bio on another COVID-19 vaccine candidate based on mRNA technology.

(Reporting by Pushkala Aripaka in Bengaluru and Matthias Blamont in Paris; editing by Jason Neely and Barbara Lewis)

Continue Reading

Top Stories

Don’t ignore “lockdown fatigue”, UK watchdog tells finance bosses

Published

on

Don't ignore "lockdown fatigue", UK watchdog tells finance bosses 3

By Huw Jones

LONDON (Reuters) – Staff at financial firms in Britain are suffering from “lockdown fatigue” and their bosses are not always making sure all employees can speak up freely about their problems, the Financial Conduct Authority said on Monday.

Many staff at financial companies have been working from home since Britain went into its first lockdown in March last year to fight the COVID-19 pandemic.

One year on, the challenges have evolved from adapting to working remotely to dealing with mental health issues, said David Blunt, the FCA’s head of conduct specialists.

“During this third lockdown, there has been a greater impact on mental well-being, with many people struggling with job security, caring responsibilities, home schooling, bereavements and lockdown fatigue.”

Bosses should continually revisit how they lead remote teams, he said.

“The impact of COVID-19 is creating a huge workload for those considered to be high performers, while the remote environment potentially makes it much more challenging for those who were previously considered low performers to change that perception,” Blunt told a City & Financial online event.

Companies should consider “psychological safety” or ensuring that all employees feel confident about speaking out and challenging opinions.

“We’ve heard varying reports of how successful this has been,” Blunt said.

Pressures in the financial sector were highlighted this month when accountants KPMG said its UK chairman Bill Michael had stepped aside during a probe into comments he made to staff.

The Financial Times said Michael, who later apologised for his comments, had told staff to “stop moaning” about the impact of the pandemic on their work lives.

Blunt was speaking as the FCA next month completes the full rollout of rules that force senior managers at financial firms to be personally accountable for their decisions to improve conduct standards.

There have only been a “modest” number of breaches reported to regulators so far as firms worry about being “tainted” but more cases will become public as sanctions are revealed, Blunt said.

“Regulators won’t be impressed by lowballing the figures.”

(Reporting by Huw Jones; Editing by Mark Heinrich)

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Latest Articles

Australia says no further Facebook, Google amendments as final vote nears 4 Australia says no further Facebook, Google amendments as final vote nears 5
Top Stories4 hours ago

Australia says no further Facebook, Google amendments as final vote nears

By Colin Packham CANBERRA (Reuters) – Australia will not alter legislation that would make Facebook and Alphabet Inc’s Google pay...

GSK and Sanofi start with new COVID-19 vaccine study after setback 6 GSK and Sanofi start with new COVID-19 vaccine study after setback 7
Top Stories4 hours ago

GSK and Sanofi start with new COVID-19 vaccine study after setback

By Pushkala Aripaka and Matthias Blamont (Reuters) – GlaxoSmithKline and Sanofi on Monday said they had started a new clinical...

Optimising and Securing Device Management in a Corporate Environment 8 Optimising and Securing Device Management in a Corporate Environment 9
Technology4 hours ago

Optimising and Securing Device Management in a Corporate Environment

By Nadav Avni, Marketing Director at Radix Technologies The proliferation of digital devices used in every organisation has only grown...

Don't ignore "lockdown fatigue", UK watchdog tells finance bosses 10 Don't ignore "lockdown fatigue", UK watchdog tells finance bosses 11
Top Stories4 hours ago

Don’t ignore “lockdown fatigue”, UK watchdog tells finance bosses

By Huw Jones LONDON (Reuters) – Staff at financial firms in Britain are suffering from “lockdown fatigue” and their bosses...

The pandemic has changed consumer behaviour and retailers need to adapt 12 The pandemic has changed consumer behaviour and retailers need to adapt 13
Business4 hours ago

The pandemic has changed consumer behaviour and retailers need to adapt

By Mary Keane-Dawson, Group CEO of TAKUMI It’s no secret that the retail industry has been badly hit by the pandemic,...

2021: A year of digital enablement 14 2021: A year of digital enablement 15
Technology5 hours ago

2021: A year of digital enablement

By Peter O’Halloran, Vice President, Global Digital Commerce, Fiserv In 2021, digital innovation will continue to accelerate, allowing businesses to...

5 Trends Driving the Future of Customer Service in 2021 and Beyond 16 5 Trends Driving the Future of Customer Service in 2021 and Beyond 17
Business5 hours ago

5 Trends Driving the Future of Customer Service in 2021 and Beyond

By Matt McConnell, CEO of Intradiem 2020 ignited radical shifts for contact centre operations with the move to a remote...

World shares sink as bond yields, commodities surge 18 World shares sink as bond yields, commodities surge 19
Trading5 hours ago

World shares sink as bond yields, commodities surge

By Ritvik Carvalho LONDON (Reuters) – World shares sank on Monday as expectations for faster economic growth and inflation battered...

UK regulators need global 'competitiveness' remit, says UK Finance body 20 UK regulators need global 'competitiveness' remit, says UK Finance body 21
Top Stories5 hours ago

UK regulators need global ‘competitiveness’ remit, says UK Finance body

By Huw Jones LONDON (Reuters) – Keeping the City of London competitive should be an “across the board” objective for...

Creating a B2B lead generation strategy in the Covid economy 22 Creating a B2B lead generation strategy in the Covid economy 23
Business5 hours ago

Creating a B2B lead generation strategy in the Covid economy

By Petra Smith, Founder and Managing Director of marketing agency Squirrels&Bears The pandemic has transformed the relationship driven B2B environment in...

Newsletters with Secrets & Analysis. Subscribe Now