Platinum Risk Advisors (PRA) announces the launch of Loan Portfolio Analytics (LPA), an innovative outsourced solution to assist banks and credit unions in complying with the Current Expected Credit Loss (CECL) accounting standard. Dubbed the “10-minute CECL Solution,” LPA brings the industry’s first fully outsourced analytics tool for adopting and complying with CECL that also provides its users with valuable insights into the inherent risk in their loan portfolios and the performance of their loan officers.
Issued in June 2016 by the Financial Accounting Standards Board (FASB), CECL is the new “expected loss” accounting model for estimating the Allowance for Loan and Lease Losses (ALLL) to replace the current “incurred loss” model. CECL compliance takes effect in 2020 for SEC-filing and other banks considered a Public Business Entity under FASB standards, and in 2021 for all other financial institutions.
LPA is a complete outsourced solution that maps between the bank or credit union’s data processing system and PRA’s platform, enabling lenders to:
The impact of PRA’s loan portfolio analytics platform is immediate as lenders will spend less than 10 minutes a month to receive the valuable information provided by PRA’s solution. The LPA platform is stored on a SSAE#16 SOC 1 and SOC 2 compliant hosting solution that will keep a client’s borrower and institutional data confidential.
“LPA is the ultimate loan portfolio risk management tool for lenders,” says co-founder Toby Lawrence. “To our knowledge, it is the first CECL solution developed using the assistance of actuaries and provides users with additional information on risk, growth and profitability as well as loan officer performance." That’s a key point because as Lawrence explains, “with PRA’s solution, board of directors and senior management can finally have the information they have always wanted to strategically evaluate and manage their institution’s lending functions.”
As a CPA who was both a former senior partner in two of the nation’s largest certified public accounting firms, and a bank president and CEO, Lawrence knows first-hand how long and wide this industry gap has been, until now.
By understanding the concerns banks and credit unions would struggle with to implement and transition to CECL; the uncertainties surrounding what data is needed, what upgrades or new systems will be required and if existing internal staff will have the time to comply with CECL, served as the launch pad for the LPA platform versus the finish line to fully address the impact of CECL to each institution’s capital position and future earnings.
For a comprehensive sampling of LPA’s capabilities and a comparison to other CECL solutions, visit http://www.CECLadvisors.com. To schedule an individual or group demonstration contact Toby Lawrence at (319) 202-4365.
About Platinum Risk Advisors
Platinum Risk Advisors combines more than 100 years of expertise and experience across accounting, regulatory, lending, actuarial science, risk management, loss reserve setting and model development.
Chinese government has implemented policies to encourage companies to return to A-share market. With the fast growth of China’s economy, China concept stock’s privatization is increasing in 2018 after a number of companies including WuXi AppTec, Mindray and Cheetah mobile went private to China’s A-share market.
On November 11, China Customer Relations Centers, Inc. (CCRC) has announced plans to go private to A-share market in China.
CCRC’s announcement has led to more discussions by the capital market on privatization. Earlier this year, General Office of the State Council of China quoted China Securities Regulatory Commission’s (CSRC) policy during National People’s Congress and Chinese People’s Political Consultative Conference that based on China’s law and market policy, they encouraged innovative companies to issue stocks in China, especially industries with new technologies and strategies such as biotech, cloud computing, AI and high-tech manufacturing.
On October 19, 2018, CSRC announced during its press conference that they have taken steps to help restructure work including making reasonable prices to protect small and medium sized investors; actively supporting quality overseas listed companies to list in A-share market and treating overseas companies the same as domestic entities as well as eliminating barriers to entry.
Sources say, call centers and third-party providers of e commerce customer services are industries supported by Chinese government. This industry is labor-intensive with light assets and high tech. CCRC has advantages in this field.
Based on Chinese internet research data, the total market size of Chinese domestic call center is about 630 billion RMB or 91.1 billion dollars in 2017. Because of the large industry size and the market stability, its annual growth rate is about 8.4% and after 2020, it is estimated to be 5.5%. Currently, call center system is transitioning from local servers to cloud servers. Cloud call centers has become the majority of this growing market.
Many industry experts consider CCRC an absolute pioneer in China’s call center and e commerce service third party provider industry, especially during this era that Chinese government encourages domestic listing of quality overseas companies. The business model will be easier to be recognized by investors in the A-share market than Nasdaq. It will also provide more growth in value in the future.
(Oct 30, 2018 New York) Gingkoo Technology of Shanghai presented its vision on being a leading blockchain company in China during the Cryptocurrencies & Blockchains Forum at the 73th UN General Assembly. Gingkoo’s founder and CEO William Zuo gave a speech on how blockchain has been applied to the economy at the global conference in New York.
Gingkoo founder William Zuo speaks at UN
Representing Georgia, France and Germany, the Leading Group on Innovative Financing for Development invited experts from government and private sectors to provide insight into blockchain technologies and the potential impact on development. Blockchain technologies are critical to finance the 2030 Agenda and the Sustainable Development Goals.
Gingkoo’s founder, William Zuo shared his vision on blockchain with government officials, experts and entrepreneurs. He pointed out that blockchain technology should serve society from five tiers of the economy: government, financial institutions, large corporations, small and medium size enterprise (SME) and individuals.
Zuo says, “Blockchain should have two core values: one is the trust machine, with trust by coding and programming. The other is to build the next generation value internet.”
Gingkoo, the Shanghai based fintech company has successfully applied blockchain technology to serve government and financial institutions clients worldwide.
In Guangzhou, Gingkoo has guided local government in adopting a blockchain solution to improve government affairs and transparency, which has been awarded as the top 10 Blockchain Application by China Ministry of Information and Industry. They also created a garbage classification solution by using blockchain+IOT technology for the local governments. The company deployed a food traceability project from northern china to address the problem of food safety concerns in China.
In the financial services arena, Gingkoo’s cases include payment and tax solutions, supply chain finance and Regtech solutions. Gingkoo’s clients include major commercial and central banks such as HSBC, Citibank, Morgan Stanley, Deutsche Bank and UBS etc.
As the biggest solution provider for CIPS, China cross border payment system of China central bank, Gingkoo has been a key player to support the country’s one Belt one Road Initiatives and to develop blockchain-enabled cross-border, cross-currency and cross-asset payments and logistics solutions, which could revolutionize the supply chain finance sector worldwide.
Meanwhile, David Ritter, CEO of Penta and co-founder of Gingkoo, Florie Zheng joined the meeting and shared Penta’s work progress on blockchain. Penta, a public chain, is leading the solution of identity issues for the homeless population in US west coast cities. In July 2018, Penta was the first blockchain crypto startup to complete acquisition of shares of AXS listed Australian IOT tech Company, CCP Technologies, using Penta’s PNT Cryptocurrency.
(L-R) Florie Zheng, David Ritter of Penta at UN
Zuo pointed out the other advantage of blockchain is to resolve the trust issue among SME. Gingkoo has used blockchain technology in Xiamen City to help SME financing and individual credit information sharing. This case was one of the first successful attempts in its field and was shared by Zuo at the Berlin World Bank SME Financing Summit in Nov. 2017.
As Gingkoo aims to be the first blockchain application solution provider in China, Zuo shared his vision on the future of blockchain, “I think blockchain should be green, inclusive and productive. I think everyone in the future will deserve opportunity of the blockchain.” His speech has been applauded by hundreds of attendants at the UN event.
On September 4 and 5, Wiliam Zuo gave a speech as an honored guest at the Organization for Economic Co-operation and Development (OECD)’s first ever Blockchain Policy Forum in Paris, which was considered one of the high-level discussions with a range of public officials and private leaders from all over the world.
William Zuo Gingkoo CEO speaks at OECD Blockchain Policy Forum in Paris
About Gingkoo and Penta
Gingkoo Technology (www.gingkoo.com) is a Shanghai based leading Blockchain technology company established in 2014. It helps build complete blockchain solutions in banking, financing and government. Gingkoo has raised about 23 million dollars or 160 million RMB led by Zhongnan Investment Group (SZ.000961).
As a member of China's Ministry of industry and information and the National Standardization Management Committee, Gingkoo Technology participates in the formulation and compilation of several national standards of blockchain, and several district chain experts have been selected as members of the ISO/TC307 international standard specialist group. Gingkoo is the first company to receive the prestigious Million RMB Award for Blockchain from the Shanghai municipal government, recognizing Gingkoo’s outstanding contributions to blockchain development. In explaining their decision for the award, the government cited Gingkoo’s credit chain as a groundbreaking project that enables SMEs to gain access to credit.
Penta (www.penta.global) is a joint project of permissionless chain by Gingkoo and an American team. The goal of Penta is to achieve a fast-decentralized infrastructure compared to ETH and EOS. Penta has raised 30 million dollars in private funding, invested by crypto funds including Draper Dragon, Node Capital, Block VC and LD Capital.
Image courtesy of UN and OECD
Dallas, TX: KryptoGraphe is pleased to announce that its cryptocurrency portfolio manager is compliant with the GDPR regulations. The EU General Data Protection Regulation (GDPR) is the most comprehensive EU data privacy law in decades. Besides strengthening and standardizing user data privacy across the EU nations, it will require additional obligations for all organizations that handle EU citizens’ personal data, regardless of where the organizations themselves are located.
The new regulations are designed to better reflect the interconnected nature of our world regarding consumer’s right to privacy, protection of personal data, and business usage of personal data across the European Union.
The team at KryptoGraphe has updated the app to implement the data protection and privacy policies.
Download the app for free at:
Our partner and compliance administrator from Hummingwave, Amit Singh says: “KryptoGraphe has been trusted by thousands of its users with their cryptocurrency portfolio information due to its security, privacy, and transparency. Implementing GDPR makes these features so much more visible to users. Recent enhancements let users export their data in a machine-readable format to be used in any other system and to delete their account should they choose to.”
KryptoGraphe encourages safe investing and aims to provide a secure platform to track all cryptocurrency investments.
Insuranks.com, the international startup technology company and marketplace platform is looking forward towards complete disruption of the insurance industry by continuously improving the insurance experience of all sides of the industry. Insuranks is aiming towards creating as many simple, transparent, accessible, fast, reliable, secure and friendly user experiences for insurance consumers, agents, brokers and carriers. It currently has over 70 listed insurance companies and over 12,000 insurance agents on board.
The new Israeli technology startup is allowing consumers (also named Insurankers on the friendly platform) to request and compare quotes and purchase their insurance online with over 230 supported insurance types, manage it and later rank the level of service that they received from their chosen insurers. Insurankers rank anything from customer service and claims experience to emotional intelligence, listening skills, trustworthiness, dedication and more in depth factors that are important to look for in an insurance service provider. Those rankings aggregate in to what is called Insuranks Score, an average ranking of all user rankings submitted for each insurance service deliverer. This ranking is displayed all around the platform for the benefit of the users, so when they get quotes they can find all the information they need about the insurance provider and make a wiser and more educated decision. Or when they simply browse through insuance companies and agents or look for the top 10 insurance companies and agents for over 230 insurance categories that the platform supports. It becomes the insurers reputation all around the platform.
On the other hand, it also provides full information on companies and agents and allows agents and brokers to deliver quotes online through the carriers they work with via the easy to use marketplace platform. The agents insurance marketplace is fast, reliable and user friendly and contains a stream of insurankers that are waiting for agents to give them bids and quotes for their insurance needs. Agents can also manage their sold policies and clients online via desktop, tablets and mobile phones.
With a mission to create maximum remarkable insurance experiences worldwide while making insurance simple and accessible to anyone regardless of levels of income, education or location, Insuranks is now looking for big name investors and sponsors to support their efforts and become the ultimate one-stop shop for all insurance needs while offering consumers, agents and carriers the best insurance experience that they can possibly receive online.
Congress the Real Estate 2018 together with Stankevicius MGM has prepared an exciting investment event with presents and new business opportunities for participants worldwide.
About the event
The organizers of Congress the Real Estate 2018 are preparing a worthy event to attend for investors. The event will cover crypto-assets, overseas properties, museum pieces, different investment projects, possibility to purchase gold bullion, possibility to deal with stock exchanges, IT-technology projects, developer’s programs. Event’s participants will as well include insurance companies, tax consultants, and lawyers. Representatives and delegations from over 20 countries will come to the Congress.
Each year the congress offers innovative technologies and conveniences for guests and participants. Among the offers, you can find the matching opportunity of the first online exhibition of the Congress on the platform by Online Expo. The exhibition makes direct contact between the visitor from around the world and participating company on the platform, Online Expo.
About Stankevicius MGM
Stankevicius MGM is the leader in PR and advertising field. The firm has consulted Fortune 500 companies and international small and medium-size enterprises. Stankevicius MGM has provided successful PR campaigns for ICO clients in result of raising over 300 million dollars for blockchain projects
Real Estate Blockchain Platform METRUMCOIN Announces Pre-sale
METRUMCOIN — is a new generation digital Real Estate market platform that unites B2B, C2C and B2C into a single worldwide net designed for simplicity of use.
About the platform
METRUMCOIN — a multifunctioning, multilevel platform based on the Blockchain technology with the use of iDeals (the next generation of smart contracts). The platform is capable of bringing any participants’ business processes to life. The main purpose of the platform is to remove geographical, bureaucratic and transactional barriers, while uniting all participants within a single digital space for the international RE market. It substantially simplifies the activities of buyers, brokers, investors, developers, construction companies, and all those who consider the RE business their lifestyle. We are making the market available in just a few clicks. Transparency, speed and safety are in METRUMCOIN’s DNA.
About the project
The idea of METRUMCOIN project belongs to Mr. Telman Abbasov, a specialist with more than 25 years of real estate experience, and the President of the World Council of Developers and Investors FIABCI 2015-2017. The project was presented to the public at significant industry events such as "MIPIM-2017" in Cannes and "BlokTex-2017" in Kuala Lumpur. It has sparked great interest among RE specialists, as well experts from the IT industry. A team of highly qualified RE specialists determines company strategy. In addition, leading international experts assist METRUMCOIN. In 2017, we obtained a patent, which protects our methodology for attracting investments in real estate objects with the help of crypto-instruments.
Why to participate?
Real Estate allows quick and safe capital investment. Unlike other assets, RE assets do not devalue. We are offering unprecedented opportunities for conducting business both online and offline. Never before has conducting deals and transactions in the RE market been so easy! But that’s not all. Early participants of the project are guaranteed a 20% discount for purchase of METRUMS token.
Every single investment you make is your personal contribution towards the evolution of the RE market in the 21st century, as well as contributing to the project that will forever change the way business is conducted.
For further information about our project and technical details of the platform we recommend looking at the Roadmap and White paper.
Join METRUMCOIN’s pre-sale, and become the key to global RE market transformation
Don’tPayAll is inviting companies to list their coupon codes on its website and help consumers save money.
Coupon codes are continuing to be a key strategy for online merchants to pull in new customers and retain the old ones.
“Who does not want to save a few bucks by applying coupons?” says a Dallas housewife. “I always look for American apparel promo codes while shopping for a hoodie for my dog”.
American Apparel has perhaps one of the largest garment factories in the United States. Its collection includes even canine wardrobe items.
Simply put, Don’tPayAll by listing coupon codes is making it easy for shoppers to find bargain deals.
This leading coupon code website is listing coupons from popular stores such as Udemy, Walmart, Sephora, Stereo, Vans, and more.
“SAS shoes are a favorite of my family,” says a sales rep of a pharmaceutical firm. “We always look for SAS shoes sales coupons for that bargain deal”.
Don’tPayAll is a one-stop window for coupons. By adding thousands of new coupons every week, it is making available to consumers hot deals and special offers from thousands of online merchants.
Its user-friendly interface is remarkably easy for online shoppers to navigate and search for coupons they want.
“We are different from other coupon traders”, says a rep of Don’tPayAll. “We put a great deal of effort while selecting coupons from vendors and affiliate marketing networks”.
The remarks from Don’tPayAll seem reassuring. The website asserts that they pre-substantiate the coupons to ensure their credibility.
“It can be a frustrating experience to apply the coupon code at the last leg of our buying process and find it isn’t working”, says a college sophomore.
But coupon codes may not work for several reasons. There could be exclusions, restrictions, or the user may not have entered it correctly.
Don’tPayAll is making it convenient for shoppers to regulate their online spending.
“Even though good deals are abundantly available online, promo codes must be obtainable at the click of a few buttons”, says an avid online shopper.
Don’tPayAll is doing this very well.
The website has daily deals, cash back stores, and top coupon codes from practically all categories of stores.
100 million visitors to Don’tPayAll possibly cannot be wrong.
Don’tPayAll is building its presence even stronger with subscribers and affiliates crossing the 10 million mark.
Don’tPayAll, a registered trade mark of BOGO COMPANY LTD., is a top firm in the coupon trading market. It provides a huge assortment of active coupon codes and deals from thousands of reputable brand names from across the globe.