Marketplace lending – Market DCD http://market-dcd.com/ Just another WordPress site Wed, 11 May 2022 06:52:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://market-dcd.com/wp-content/uploads/2021/06/icon-2021-06-29T174343.113.png Marketplace lending – Market DCD http://market-dcd.com/ 32 32 The new EMOVerse will soon be launched with a new roadmap https://market-dcd.com/the-new-emoverse-will-soon-be-launched-with-a-new-roadmap/ Wed, 11 May 2022 06:52:42 +0000 https://market-dcd.com/the-new-emoverse-will-soon-be-launched-with-a-new-roadmap/ Extremely delighted on the occasion of the launch of EMOCOIN, the first Crypto Coin combined with utility services in India, Sachiin Sharma, Head of Marketing (South East Asia EMO DAO) said in a press release that EMOCOIN is the future of digital currency. While releasing the EMOPAY ROADMAP, he highlighted that EMOCOIN is a true […]]]>

Extremely delighted on the occasion of the launch of EMOCOIN, the first Crypto Coin combined with utility services in India, Sachiin Sharma, Head of Marketing (South East Asia EMO DAO) said in a press release that EMOCOIN is the future of digital currency. While releasing the EMOPAY ROADMAP, he highlighted that EMOCOIN is a true democratization of digital currency that will allow individuals to participate in a decentralized economy allowing individuals and businesses to transact without trust, anonymously. and secure on a global scale, based on blockchain, cryptography and advanced technology. peer-to-peer technology. Explaining the roadmap in more detail, Sachiin Sharma said that the Emocoin ecosystem will enable users to have access to countless products and services that any individual needs in their daily life, including crypto wallets, exchange Currency, Web Browser, Exchange, Staking, Lending, Payment Gateways, Retail, Entertainment, Healthcare and many more. Emocoin, a futuristic digital product from EMO DAO with the brand name EMOPAY, is meant to attract smart people to move smoothly in the digital financial world.

For the first time, EMOPAY is the latest potential cryptocurrency. Counting the benefits, Sachiin Sharma said that Emocoin has no third-party risk; it’s transparent, fast and smooth; it does not require any capital reserve; it has secure management of deposits and in addition it has automatic execution of terms without mediators. Asked about the services that will be associated with Emocoin, Sachiin replied that the main sectors are education, e-commerce, real estate, travel and healthcare, among others.

As far as investors are concerned, staking Emocoin will be a magnificent way to increase an investor’s investment that would remain in their wallet. Once an investor has staked their Emocoin, they can earn staking rewards on top of their investments and grow them further by smartly compounding those future rewards. Speaking further, he said that Emo staking is very easy and accessible with the smallest investment and anyone can start the program by investing just 500 EMO which will add extra security to the system. Investors will surely be rewarded according to their tenure. Staked EMO can be used to provide loans to borrowers and help generate revenue for lenders, creating a revolution in the financial market.

“In fact, Emocoin is an upgrade that will include adding smart contracts to the Emocoin blockchain using Chain Key cryptography, a technology that removes the need to use a bridge,” Sachiin said in the press release. .

Recalling the journey of Emocoin, he said that the development of the EMO wallet started in September-December 2021 when Victoria (Mascot) was launched. During the same period, EMO Pay i.e. Third Party Payment Gateway Integration API started.

Focusing on the new roadmap, Sachiin Sharma excitedly explained the plans. In line with the new roadmap, EMO DAO will soon launch in May 2022 the prepaid mobile and DTH service recharge facility in India. He was extremely happy to share that the very first trial run would be conducted in India. In June, you’ll find EmoSwap, a peer-to-peer buy/sell facility, and the launch of the EmoPay Android mobile app. July 2022 will see booking flights, hotels, buses, trains, fastags and metro cards with LUCKY-7 an interesting game. With the onset of the monsoon, presales will begin for EmoValley, a decentralized mixed reality real estate project. Followed by this to amuse Emocoin owners, Emo Poker Game will be launched in September 2022. EMO DAO is about to launch EMO Swap (Exchange) and NFT Marketplace and the work in this direction is in full swing. This is going to be another futuristic explosion that might wow investors.

The quarter starting from October 2022 will see the purchase of gift coupons like Amazon or Flipkart gift coupons, and believe it, it will be another revolution in the digital world.

Sachiin said they are raising the Emocoin to such levels that no trading would be required. Calling this roadmap a 6-month roadmap, he said the onslaught of the next half of 2023 will inevitably see Blockchain by EMO DAO.

Before talking about the 2023 plans, Sachiin said his company believes in 100% currency usage which enables all of our products and services to bring credibility, accountability, agility and freedom to Emocoin owners who will be empowered to participate in decentralized economies.

“All transactions in the near future across all of our wallets will be through Emocoin, either directly or indirectly. We will work for continuous innovation and development to strengthen this bond and this will help us connect with our users and grow of the ecosystem,” Sachiin Sharma said confidently. Speaking again on EMO staking, he clarified that staking in Emobank is a program that involves buying and freezing EMO in the system for a specific duration where participants will be compensated by earning EMO based on their staking tenure.He further stated that by freezing these coins, participants will become part of the security framework of the organization and support the development of the project and will increase the value of the price of the currency.The EMO frozen in the staking program will be used to make loans to borrowers and generate income for pr ers, he reiterated.

Sachiin urged investors who have cryptocurrency to use it and do more. He advised them to lend the same to borrowers around the world with “borderless lending” and earn higher returns than typical bank deposits from peer-to-peer lending without geographic and economic constraints.

Highlighting the EMO lending platform, he said it is an online stage that allows investors to lend their crypto in exchange for mutually agreed interest between borrowers and lenders in a “smart contract “. Explaining further, he said that borrowers who need real liquidity, for example in USD or EUR, will take credit through these stages in exchange for interest. Likewise, he said, lenders, normally referred to as lenders, who have cryptocurrencies might want to earn easy income from them.

In conclusion, Sachiin Sharma said that the biggest challenge in the financial sector is the lack of trust. Since banking organizations are very strict in their lending procedure, the time, cost and hassle of obtaining a loan forces consumers to lend in the market. He said borrowers face high costs, complex procedures, lengthy approval processes, access to information, storage of personal data, reliability, access to funds, lack of transparency and strict lending criteria.

“It is time to listen to the consumer, appreciate their needs, understand their concerns and address them with SMART objectives. If we use the research at our disposal, embrace the latest technologies and combine passion with innovation , we can build a suite and service to better meet consumer demands. By bringing the core finance function to the blockchain, we can dramatically improve and future-proof the services, with the help of a smart contract,” said said Sachiin, calling it a huge opportunity.

https://www.emo.network/

www.emopay.org

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Finance Lobby opens its CRE funding marketplace to more brokers and lenders https://market-dcd.com/finance-lobby-opens-its-cre-funding-marketplace-to-more-brokers-and-lenders/ Mon, 09 May 2022 18:05:50 +0000 https://market-dcd.com/finance-lobby-opens-its-cre-funding-marketplace-to-more-brokers-and-lenders/ MIAMI, FL/ACCESSWIRE/May 9, 2022/ After facilitating over $600 million in trades during the closed beta, Finance Lobby LLC entered open beta, allowing commercial real estate brokers to post offers live on the company’s platform. All lenders can sign up for a free trial and experience the features of the online marketplace. Finance Lobby’s CRE lending […]]]>

MIAMI, FL/ACCESSWIRE/May 9, 2022/ After facilitating over $600 million in trades during the closed beta, Finance Lobby LLC entered open beta, allowing commercial real estate brokers to post offers live on the company’s platform. All lenders can sign up for a free trial and experience the features of the online marketplace.

Finance Lobby’s CRE lending platform comes at a time when companies in various industries, including commercial real estate, are considering using online software in hopes of eliminating or at least minimizing redundancy and workplace inefficiency. Programs that have the potential to streamline time management, accounting, and other functions are relatively common.

However, Finance Lobby’s commercial real estate loan market is a development in an industry where, until recently, CRE professionals were accustomed to spending months back and forth, making multiple phone calls throughout of their working days, only to end up with an agreement that does not always fully satisfy someone. With the Finance Lobby platform, the CRE space could witness a shift towards a new way of doing business, as the commercial lending platform connects brokers with lenders, helping them facilitate more financing. fast and perfectly adapted to each transaction.

Finance Hall states that the results of its closed beta have exceeded its expectations. “After all the hard work of our team, we were happy to see so many CRE lenders and brokers connected through our platform,” the company says. “With the successful completion of the closed beta, we are adding more deals to our platform as well as 50 brokers per week from our growing waitlist.”

The culmination of the closed beta, Finance Hall said, was an $87 million transaction for which the broker received a competitive quote less than an hour after it was posted. The lender was matched with a relevant offer and had all the information needed to establish a competitive quote. The broker obtained exactly the conditions desired by the borrower.

“While this is just one transaction and not representative of all transactions on Finance Lobby’s commercial lending platform, we were excited about it,” the company says. . “As you can imagine, $87 million deals aren’t always easy to close. The fact that this one received a competitive quote so quickly indicates what can happen when CRE lenders and brokers are able to put aside their phones and instead use today’s technology to be more efficient. Currently, each transaction on our platform receives an average of four competitive quotes. »

Like Finance Hall is going through open beta, it continues to prepare for the official launch of its CRE lending marketplace. “It will be an incredible day for our team members, who have all worked incredibly hard to make Finance Lobby a success,” the company says. “Our ultimate goal is to help every broker and lender work more efficiently so they can close better deals while being faster and more productive. Think what that can lead to in an industry whose workers have long counted on cell phones to do their jobs.

Finance Hall is an online financing marketplace for commercial borrowers, brokers and lenders. It helps CRE professionals find the deals they want without hassle. For more information about Finance Lobby, please visit the company’s website at https://financelobby.com/ or contact:

FINANCE LOBBY
[email protected]

THE SOURCE: Finance Hall

See the source version on accesswire.com:
https://www.accesswire.com/698932/Finance-Lobby-Opens-Its-CRE-Financing-Marketplace-to-More-Brokers-and-Lenders

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CryptoPunk Owner Secures $3.3M NFT Loan on Nexo By BTC Peers https://market-dcd.com/cryptopunk-owner-secures-3-3m-nft-loan-on-nexo-by-btc-peers/ Sat, 07 May 2022 10:00:00 +0000 https://market-dcd.com/cryptopunk-owner-secures-3-3m-nft-loan-on-nexo-by-btc-peers/ CryptoPunk owner secures $3.3M NFT loan on Nexo Much like the era of DeFi lending, NFT-backed lending is increasingly becoming a norm. An anonymous CryptoPunk owner was able to use two of his pixelated avatars as collateral to secure a loan of over $3.3 million. The said loan was issued by crypto lending platform Nexo […]]]>

CryptoPunk owner secures $3.3M NFT loan on Nexo

Much like the era of DeFi lending, NFT-backed lending is increasingly becoming a norm. An anonymous CryptoPunk owner was able to use two of his pixelated avatars as collateral to secure a loan of over $3.3 million.

The said loan was issued by crypto lending platform Nexo at an annual interest rate of 21%. It involved a number of parties, including DeFi and NFT lending platform Arcade and investment manager Meta4Capital. “With this multilateral partnership, we are demonstrating the fusion between traditional, decentralized and crypto finance,” said Nexo’s Head of DeFi Strategy, Kiril Nikolov.

According to Bloomberg, the transaction demonstrates how sophisticated the NFT lending market has become.

The complex deal was structured with Nexo, a centralized crypto lender, issuing the loan on Arcade, a peer-to-peer marketplace for NFT loans.

For the uninitiated, NFT-backed loans are quite similar to traditional loans, with the digital asset being used as collateral. In the case of Nexo, users can get instant liquidity between 10% and 20% of the value of their CryptoPunk or Bored Ape Yacht Club NFT.

Liquidity is usually in stablecoins or ETH and NFTs will not be liquidated even if their value drops after the funds have been borrowed. However, unlike traditional finance where borrowing rates and annualized rates are based on your credit history, rates often range from 12% to 15% in NFT loan markets and depend on the NFT offered, as well as the market conditions.

If a borrower fails to repay the loan and interest at the end of the loan period, the lender may collect the underlying NFT.

Continue Reading on BTC Peers

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Kraken Announces NFT Market – Crypto Briefing https://market-dcd.com/kraken-announces-nft-market-crypto-briefing/ Tue, 03 May 2022 21:27:10 +0000 https://market-dcd.com/kraken-announces-nft-market-crypto-briefing/ Key points to remember Kraken today announced the opening of the waitlist for its NFT store and revealed the various features of the platform. In December, CEO Jesse Powell suggested that Kraken would open an NFT marketplace, but offered few details at the time. Kraken is one of many exchanges that have launched an NFT […]]]>

Key points to remember

  • Kraken today announced the opening of the waitlist for its NFT store and revealed the various features of the platform.
  • In December, CEO Jesse Powell suggested that Kraken would open an NFT marketplace, but offered few details at the time.
  • Kraken is one of many exchanges that have launched an NFT platform; others include Coinbase, Binance, and FTX.

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Crypto exchange Kraken announced today that it is opening the waitlist for its NFT marketplace and announced several planned features.

Kraken Opens NFT Waitlist

In a blog post today, Kraken announced its non-fungible token marketplace, which will be called Kraken NFT.

Kraken provides zero gas fees for users when NFTs flow on its own platform. However, users will have to pay gas fees if they deposit or withdraw NFTs to and from Kraken.

The company is also planning various other features, including allowing users to track the rarity scores of their NFTs and rewarding NFT creators with a portion of secondary sales.

Kraken’s NFT market will accept payments in most currencies and cryptocurrencies already accepted by the exchange. Over 120 different assets are supported, says Kraken.

Kraken will support NFTs on multiple blockchains, with both Ethereum and Solana being supported at launch. The exchange says more blockchains will be announced later at a later date.

The company didn’t reveal when its NFT marketplace will launch, but did say the waitlist opens today.

The CEO announced his plans in December

Kraken CEO Jesse Powell announced plans to open an NFT market in December, but gave few details at the time.

In the announcement, Powell cited various reasons for creating an NFT marketplace, including the appearance of Metaverse NFTs and the expected growth of the overall NFT marketplace.

Other major crypto exchanges have already launched NFT marketplaces, including Coinbase, FTX.US, Binance, and Gemini.

But although these exchanges have recently entered the competition, the OpenSea dedicated NFT market remains the largest NFT trading site. It recorded a trading volume of $3.2 billion in April.

Disclosure: At the time of writing this article, the author of this article owned BTC, ETH, and other cryptocurrencies.

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Republicans are dodging traditional political debates https://market-dcd.com/republicans-are-dodging-traditional-political-debates/ Mon, 02 May 2022 02:27:13 +0000 https://market-dcd.com/republicans-are-dodging-traditional-political-debates/ The Republican National Committee voted unanimously to cancel its participation in the nonpartisan Commission on Presidential Debates, which has hosted presidential debates since 1987. Citing reasons that sound like schoolyard groans of “unfair,” the RNC announced its early ruling. Remember, this is the same RNC that called the January 6 insurrection “legitimate political discourse”. Joining […]]]>

The Republican National Committee voted unanimously to cancel its participation in the nonpartisan Commission on Presidential Debates, which has hosted presidential debates since 1987.

Citing reasons that sound like schoolyard groans of “unfair,” the RNC announced its early ruling. Remember, this is the same RNC that called the January 6 insurrection “legitimate political discourse”.

Joining a growing number of Republican candidates across the country who have refused to debate key opponents, the RNC is trying to remove the traditional debating forum from the decision-making process. Simply put, Republicans don’t want you to know what they stand for or what they plan to do if elected. They really don’t want you to know that many issues important to you and your family will go unaddressed or undermined by GOP governance.

Do you care about climate change and efforts to prevent environmental disasters? Want better screening and universal background checks for gun ownership? Do you believe the federal minimum wage should be increased? How about raising taxes on the wealthy and making sure corporations pay their share? Want to extend the child tax credit to lift millions of families out of poverty? Looking to protect your union job? Tired of people bashing LGBTQ people for political purposes? Do you believe there should be reasonable ways for a woman to make birth choices, especially in cases of rape and incest? Are you against voter suppression and in favor of democracy?

If one or two or more of these issues are motivating you at the polls, there are a few things you should know. First of all, the GOP doesn’t want you to know that it disagrees with you on any of these issues. Not one of those issues gets positive treatment from Republicans in Congress or in state legislatures.


If elected, your Republican representative will vote to cut taxes for the wealthy and corporations, restrict union formation and operations, end child tax credits, end women’s health rights, stigmatize LBGTQ members, hold the federal minimum wage, make it harder to vote so that people of color are excluded, and increase the availability of guns for all. They just don’t want you to know until election day.

The truth is, Republicans are afraid to debate their policy positions. They know very well that more than half of the American public does not agree with their positions. And nothing illuminates unpopular positions better than a good old fashioned political debate.

Instead, they want to distract voters with their brand of bull. Illinois Rep. Bost recently called on President Biden to lower the price of gas for everyone and fertilizer for farmers. Small problem: President Biden does not have the power to do either and since Bost is in favor of a small government, why does he want the president to control the market? He preaches nonsense and Bost knows it.

So why is Rep. Bost doing this at the collective request of the GOP? Because Republicans would rather point fingers than reach out to the American people, and they are willing to sacrifice democracy for power. Bost, like others, is willing to give up his personal character for cowardly means to mislead voters.

The truth is that for all their bluster, Republicans are actually quivering columns of government goo when it comes to truthful debate. They lack the courage of their convictions and prefer power to leadership. And heaven help them if they are forced to represent the will of the American people.

In recognition of their cowardice, we might want to limit their obligation to hold office to state their position (yes or no) to just a few questions: ask them, do you think President Biden won the presidential election and serves rightly? Do you believe that the January 6 rioters and their enablers in Congress should be prosecuted? Do you believe it should be made more difficult to vote? Do you believe in the separation of Church and State? Do you believe that every American citizen, including Donald Trump, is above the law? And, if you are re-elected, do you undertake to vote in accordance with the answers given?

I bet you had no trouble answering these questions on your own with simple yes or no answers. So ask, why are Republicans having such a hard time? They duck, refuse to answer, obscure, distract, walk away, run away in fear from the debate scene, and generally hide like chickens from the wolf of truth.

It’s time to change the Republican Party’s color scheme from red to yellow.

Robert Schwaninger lives in Alton and can be reached at rhschwaninger@gmail.com.

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ESG Debt Markets Are Maturing in Latin America | White & Case srl https://market-dcd.com/esg-debt-markets-are-maturing-in-latin-america-white-case-srl/ Fri, 29 Apr 2022 23:29:11 +0000 https://market-dcd.com/esg-debt-markets-are-maturing-in-latin-america-white-case-srl/ Despite a decline in overall bond and loan issuance in the Latin America region, ESG-related debt issuance flourished in 2021 and is expected to continue in the coming months Latin American environmental, social and governance (ESG) debt markets intensified in 2021 as issuers noted the strong appetite of the lending community to support credits linked […]]]>

Despite a decline in overall bond and loan issuance in the Latin America region, ESG-related debt issuance flourished in 2021 and is expected to continue in the coming months

Latin American environmental, social and governance (ESG) debt markets intensified in 2021 as issuers noted the strong appetite of the lending community to support credits linked to good sustainability practices.

According to data from By debtsborrowers across the region tapped the loan and bond markets for ESG and sustainability-related debt facilities at an unprecedented pace in 2021. carried over to 2022, with $11.9 billion in issuance already recorded This year.

Latin American issuers have noted the rapid growth in demand from global investors and institutions for ESG and sustainability related investment opportunities. According to BloombergNEF, global issuance of sustainable debt (including green bonds and ESG-related loans) topped US$1.6 trillion in 2021, more than double the previous year’s total.

The pandemic, the growing impact of climate change, and social justice movements like Black Lives Matter and #MeToo have put corporate ESG conduct under a microscope around the world. Institutional and retail investors look to companies and funds that can demonstrate positive ESG practices. Issuing shareholders also supported companies that link their debt requirements to sustainability performance.

A wide range of transmitters

The emergence of sustainability-linked bonds in particular – which, unlike green bonds, do not need to be linked to specific eligible projects such as wind or solar farms – has opened up opportunities for a greater number of transmitters in the region.

Sustainability bonds are tied to the delivery of agreed ESG Key Performance Indicators (KPIs) rather than specific green assets or projects. Borrowers who meet or exceed their KPIs, such as carbon reduction or workplace diversity targets, continue to pay the original interest rate on the loan or bond. If key performance indicators are not met within a certain timeframe, interest rate margins increase.

The emergence of these ESG KPI ratchet structures has enabled a wider range of companies operating across multiple sectors to align their capital raising requirements with ESG performance. Latin American borrowers who have been able to articulate forward-looking, performance-based ESG goals have found a pool of investors and lenders willing to support their bonds and loans.

Brazilian personal care and cosmetics group Natura Cosméticos, for example, raised a $1 billion ESG-related bond in May 2021, considered the largest sustainability-related bond issuance in Latin America to date. . The bonds mature in 2028 and will bear an interest coupon of 4.125% payable semi-annually. The proceeds will be used to refinance existing debt and strengthen the group’s capital structures.

The bond commits Natura, which has been carbon neutral since 2007, to reducing its greenhouse gas emissions by an additional 13% and reaching 25% post-consumer recycled plastic in its plastic packaging. The targets must be met by the end of 2026. If they are not met, the bond interest rate will increase by 65 basis points from November 2027.

Other Latin American blue chips that issued sustainability bonds in 2021 include Brazilian paper producer Klabin, which secured a 10-year US$500 million sustainability bond at a price of 3, 2% and linked to measures for the consumption of natural resources, recycling and biodiversity. Argentinian online marketplace Mercado Libre has raised US$400 million in sustainability notes, priced at 2.375% and maturing in 2026. Proceeds will be used to fund or refinance projects with social and environmental impacts positive.

In January 2022, Mexican cement and concrete company GCC announced that it had completed the issuance of a US$500 million sustainability bond with an interest coupon of 3.614% and a maturity in April 2032. The emission is linked to a 22% reduction in CO2 emissions by 2030 – failure to meet this target would cause the bond’s interest rate to rise by 75 basis points.

Most recently, in April 2022, AEGEA Saneamento e Participações SA, Brazil’s largest private water and sanitation company, priced a sustainability-related ticket offering with KPIs related to reducing water pollution. energy consumption and the increase in leadership positions held by women and blacks. employees.

The sovereigns are mobilizing

Latin American governments have also taken advantage of the growing demand for green and sustainability-related debt products and have positioned their sovereign capital raisings to secure funding from ESG-focused sources.

For example, Colombia has issued $1.3 billion in green, social and sustainability (GSS) bonds since mid-2021, with most of this debt being taken on by local funds eager to support the development of the sustainable debt market in the country. In January 2022, Chile raised US$4 billion through a three-tranche sustainability bond issue. Chile will use the proceeds for all projects that qualify as green expenditures and qualifying social expenditures under its sustainability bond framework.

Latin American sovereigns have also been active in the area of ​​ESG and green lending. In February, for example, Ecuador secured a $700 million loan from the World Bank to support the country’s initiatives to build climate resilience, reduce poverty and rebound from COVID-19-related disruptions. . This is the first of three loans provided by the World Bank to support Ecuador’s climate change and social development goals.

Mexico, meanwhile, has been a leader in the issuance of sustainability-related debt in Latin America. In 2020, Mexico became the first country in the world to issue a sovereign bond linked to the UN’s Sustainable Development Goals (SDGs), securing an €890 million seven-year bond that was over six times oversubscribed. The country is considering new ESG-related issues in the Japanese bond market as a foreign issuer.

Are existing standards and regulations stringent enough to ensure that sustainability-related emissions in Latin America remain a viable option in the region? Only time will tell, but the enthusiastic rise in ESG-related debt has the potential to provide a pool of long-term capital for eligible corporate and sovereign borrowers in Latin America and focus those borrowers on achieving important ESG objectives for the foreseeable future.

[View source.]

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SoLo Funds Connects Efforts of Businesses and Nonprofits to Jointly Impact Communities with New Amplify Fund https://market-dcd.com/solo-funds-connects-efforts-of-businesses-and-nonprofits-to-jointly-impact-communities-with-new-amplify-fund/ Thu, 28 Apr 2022 13:00:00 +0000 https://market-dcd.com/solo-funds-connects-efforts-of-businesses-and-nonprofits-to-jointly-impact-communities-with-new-amplify-fund/ SoLo Funds leverages the innovative community finance market to launch a new initiative that empowers businesses, nonprofits and local governments to increase access to emergency capital in local communities LOS ANGELES, April 28, 2022 /PRNewswire/ — SoLo Funds, a leading crowdfunding platform providing equitable access to capital, today announced a new initiative to amplify the […]]]>

SoLo Funds leverages the innovative community finance market to launch a new initiative that empowers businesses, nonprofits and local governments to increase access to emergency capital in local communities

LOS ANGELES, April 28, 2022 /PRNewswire/ — SoLo Funds, a leading crowdfunding platform providing equitable access to capital, today announced a new initiative to amplify the reach of its emergency loan marketplace. Amplify Fund is a new initiative led by SoLo that enables businesses, nonprofits, and local governments to create equitable access to emergency capital and track impact.

Millions of Americans are in financial deserts and could benefit from new strategies to improve economic mobility. Amplify Fund engages partners to jointly influence change in their communities and solve the challenge of bringing capital directly to people in need. The program leverages the collective power of local and national businesses, nonprofits, and local governments to accelerate SoLo’s goal of improving the financial well-being of communities facing generational challenges.

Amplify Fund is a people-based approach to financial health that overcomes the limitations of place-based strategy by using technology to reach those in need and transcend geographic boundaries. At the same time, Amplify Fund will track impact at the community level to bring greater transparency to key indicators of financial equity, including access to capital in underserved zip codes.

“The strength of SoLo’s community loan market lies in bringing capital to the people and communities that need it most,” said Rodney Williams, co-founder of SoLo Funds. “We are proud to launch Amplify Fund and partner with organizations that are committed to building financial empowerment and measuring the impact of these efforts in their communities.”

Amplify Fund launches with its first partner, a Fortune 100 company, and plans to expand participation after a pilot period. Participating partners will see how contributions impact the people they aim to help. Amplify Fund is to be deployed in several cities in the United Stateswith partners and cities to be announced later.

About SoLo Funds
SoLo Funds is a leading fintech company that empowers everyone financially. SoLo provides community-driven financial services with unparalleled access to capital, performance and protection. Since its launch in 2018, SoLo Funds has processed millions of transactions, providing a fair and flexible lending alternative to meet users’ needs. SoLo has become the only black-led fintech certified B-Corp in the United States and Canada in 2021, and in 2022 expanded its mission to build a community platform to better meet the needs of everyday Americans.

SoLo Funds is now available for users of United States. Register at solofunds.com and download SoLo in the App store.

For more information, please visit www.solofunds.com.

SOURCE Solo Funds

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Moody’s Analytics adds climate risk assessment to its credit lifecycle management solution https://market-dcd.com/moodys-analytics-adds-climate-risk-assessment-to-its-credit-lifecycle-management-solution/ Tue, 26 Apr 2022 12:00:00 +0000 https://market-dcd.com/moodys-analytics-adds-climate-risk-assessment-to-its-credit-lifecycle-management-solution/ NEW YORK, April 26, 2022–(BUSINESS WIRE)–Moody’s Analytics is pleased to announce that it has incorporated climate risk assessment capabilities in its flagship credit lifecycle management platform, the CreditLens™ solution. The integration allows lenders to assess the impact of the climate on the credit quality of their customers in order to inform their lending decisions. Increasingly, […]]]>

NEW YORK, April 26, 2022–(BUSINESS WIRE)–Moody’s Analytics is pleased to announce that it has incorporated climate risk assessment capabilities in its flagship credit lifecycle management platform, the CreditLens™ solution. The integration allows lenders to assess the impact of the climate on the credit quality of their customers in order to inform their lending decisions.

Increasingly, financial institutions around the world are taking into account the impact of climate risks and opportunities on their activities. Risks arising from climate change can affect the revenues, costs and reputation of businesses and assets, leading to credit risks and associated impacts for commercial lenders. However, the need to transition to a net zero and resilient economy also presents opportunities for innovative financial products. Many banks are already taking action, committing to align their lending and investment portfolios with net-zero emissions.

With the climate risk assessment capability accessible directly within the CreditLens solution, users can weigh the impact of climate risk on their credit decisions and identify relevant opportunities without increasing workload or disrupting the work process.

“The growing climate crisis has challenged our clients to manage a wider range of risk than ever before,” said Eric Ebel, managing director, Banking Solutions at Moody’s Analytics. “Under increasing regulatory and market pressure around the world, forward-thinking financial institutions are looking to integrate climate risk into their credit decision-making process. Moody’s Analytics is at the forefront of helping banks navigate in the transformation to a sustainable low-carbon future.”

The new capability builds on our award-winning climate risk solutions to support climate risk assessment in lending. This is achieved through the combination of powerful weather-adjusted default analytics with the CreditLens solution, enabling our clients to quantify and assess the impact of weather risk on credit.

To learn more about Moody’s leadership in solving the common challenge of climate change through our ideas, solutions and corporate commitments, visit www.moodys.com/climate.

Built on the latest cloud-based technology, the CreditLens platform helps businesses digitally transform their credit processes to make faster, better-informed decisions. It applies artificial intelligence and machine learning to facilitate process automation and help customers improve efficiency, reduce errors and streamline workflows.

About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better decisions, faster. Our deep risk expertise, vast information resources and innovative application of technology help our clients navigate a changing market with confidence. We are known for our industry-leading and award-winning solutions, comprised of research, data, software and professional services, assembled to deliver a seamless customer experience. We create trust in thousands of organizations around the world, through our commitment to excellence, our open-minded approach and our focus on meeting customer needs. For more information on Moody’s Analytics, visit our website or join us on Twitter and LinkedIn.

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Employers come under CFPB scrutiny over job training reimbursement claims https://market-dcd.com/employers-come-under-cfpb-scrutiny-over-job-training-reimbursement-claims/ Thu, 21 Apr 2022 10:06:38 +0000 https://market-dcd.com/employers-come-under-cfpb-scrutiny-over-job-training-reimbursement-claims/ The Biden administration plans to crack down on employer-mandated training reimbursement agreements that can saddle workers with thousands of dollars in debt when they leave their jobs. Employment contracts that require workers to stay with a company for a certain period of time or pay the cost of their job training are increasingly viewed as […]]]>

The Biden administration plans to crack down on employer-mandated training reimbursement agreements that can saddle workers with thousands of dollars in debt when they leave their jobs.

Employment contracts that require workers to stay with a company for a certain period of time or pay the cost of their job training are increasingly viewed as predatory and anti-competitive by the Consumer Financial Protection Bureau and other agencies.

The heightened focus is part of a broader drive to boost competition in the job market following President Joe Biden’s intervention in July 2021 Executive Decree directing federal agencies to promote a “fair and open marketplace.”

Employers face potential new restrictions on how they structure job training reimbursement provisions as advocates push the Biden administration for greater scrutiny of provisions when handing out federal job training grants . The CFPB – a consumer watchdog largely unknown outside the financial sector – also has the power to take aggressive enforcement action against all types of employers.

“Just because these are agreements between employers and employees doesn’t take anything away from the consumer realm,” said Eric Fink, professor of labor and employment law at Elon Law School.

Although the Department of Labor may seem like the natural choice to accept training reimbursement agreements, the CFPB is poised to play a prominent role due to its oversight of consumer financial laws and collection practices. of receivables. The Federal Trade Commission, which has both consumer protection and competition mandates, is also well placed to crack down on the practice.

Reduced earning power

Training reimbursement programs can prevent workers from seeking better-paying work, which “reduces their bargaining and earning power,” the Treasury Department said in a March statement. report on “The state of competition in the labor market”.

CFPB Director Rohit Chopra echoed similar sentiments at an April 4 competition enforcement conference hosted by the FTC and the Department of Justice. Workers are being barred from seeking new job opportunities because of the “potentially large balloon payment they could face” in their current jobs, he said.

A March 9 CFPB blog highlighted a “large retailer” where employees looking to become specialists must pay between $500 and $5,000 if they leave or are fired within two years of the end of the contract. training.

A fully licensed nurse told the CFPB that a health care company required employees to take a mandatory in-company training course that required payment of $10,000 if they were not working full-time for the company.

The CFPB will closely examine training-related debts “and their collection by employers and third-party debt collectors” for potential violations of federal consumer protection laws, the office said in the blog post.

Nurses request powered tube

The CPFB is not alone. Advocacy groups and at least one union have been pushing the FTC and state regulators to investigate and suspend training reimbursement agreements for some time.

The National Nurses Union, which represents 175,000 American workers, raised concerns with the FTC in August 2021 that workers would face lump sum reimbursements for training programs if they wanted to leave early.

Carmen Comsti, senior regulatory policy specialist at the California Nurses Association, an affiliate of the NNU, said the programs did not provide nurses with new skills, but were mainly orientation sessions to acclimate them to the facility. .

At least one state has decided to restrict the use of training reimbursement agreements. California in 2020 adopted a straight that required state employers to cover the costs of employer-mandated training for workers who provide direct patient care at certain hospitals. The NNU urged the FTC to consider adopting the law as a national model.

Education reimbursement agreements are a “win-win for patients and nurses,” American Hospital Federation President and CEO Chip Kahn said in a statement.

“Patients receive quality care at the bedside, while nurses pursue their careers and practice at the peak of their licenses,” he said.

One of the hospital operators named in the NNU comment letter, MedStar Health, says it has not sought reimbursement for nurse training in ‘many years’, despite having the power to to do so under a collectively negotiated contract.

“MedStar Health and all of our hospitals are fully committed to supporting the professional development and growth of our nurses,” So Young Pak, director of media relations, communications and public affairs at MedStar Health, said in a statement.

FTC compatibility?

Comsti and others have called on the Biden administration to attach language to job training grants and other funding opportunities that would explicitly prohibit training reimbursement agreements, among other solutions.

“We would like the administration to use all the tools at their disposal to prevent the use of these types of contracts,” Comsti said.

The Department of Labor, which helped produce the Treasury report, would have jurisdiction primarily through state-funded workforce programs authorized by the Workforce Innovation and Opportunity Act. ‘work. But apart from these cases, the power of the agency is limited.

State-funded workforce programs authorized through the WIOA are the primary means through which the agency communicates its priorities to states and localities, while ensuring that funding funds go to high-quality programs,” Acting Jobs and Training Secretary Angela Hanks said in an interview.

The FTC may be a more natural solution for dealing with training reimbursement agreements beyond the reach of the Labor Department. The agency is already considering reforming and potentially restricting non-compete agreements, which employers use to prevent employees from leaving for competitors.

Critics say the training reimbursement agreements act as a kind of de facto non-competition, but without any specific restrictions on where a person can work.

“In some ways they are worse because they limit workers’ ability to leave for any job,” said Sandeep Vaheesan, legal director of the Open Markets Institute.

Any rule developed by the FTC will be sweeping and binding on all employers. But rule-making itself presents some risk, said Chris J. Willis, co-director of the consumer financial regulation practice at Troutman Pepper Hamilton Sanders LLP.

“When you make a rule, it’s very visible politically and it’s very easily challenged in court,” he said.

Discover the CFPB

For Chopra and other CFPB officials, training repayment agreement programs resemble student loans because they burden consumers with debt, said Jonathan Harris, a professor at Loyola Marymount Law School.

“Employers using these traps have, in doing so, chosen to wade into the jurisdiction of the CFPB,” Harris said.

The CFPB could require Truth in Lending Act disclosures and debt collection protections in training reimbursement agreements, said David Seligman, executive director of Toward Justice, a nonprofit law firm representing employees. .

The agency could find a faster solution by using broad enforcement powers against what it considers “unfair, deceptive and abusive acts and practices,” Seligman added.

“If these training reimbursement agreements are unreasonable and amount to unenforceable non-compete agreements, then they constitute an unfair practice. Then the CFPB could say the whole system is unfair and illegal,” he said.

The battle for enforcement would then be whether the CFPB has authority over agreements between employers and their workers, Willis said.

“Achieving employer-employee relations is probably well beyond anyone’s expectations of what the CFPB was designed to regulate,” he said.

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KuCoin NFT Marketplace – Windvane and KuCoin Ventures Launch $100M Creator Fund to Power the Web 3.0 Universe https://market-dcd.com/kucoin-nft-marketplace-windvane-and-kucoin-ventures-launch-100m-creator-fund-to-power-the-web-3-0-universe/ Tue, 19 Apr 2022 10:00:00 +0000 https://market-dcd.com/kucoin-nft-marketplace-windvane-and-kucoin-ventures-launch-100m-creator-fund-to-power-the-web-3-0-universe/ VICTORIA, Seychelles–(BUSINESS WIRE)–KuCoina world leader cryptocurrency trading platform, announced that its venture capital arm KuCoin Ventures and KuCoin NFT Marketplace-Windvane are launching a $100 million “Creator Fund” on April 19, 2022. The fund will support and incubate the early stage NFT projects, covering areas such as Arts, Sports, PFPs, Asian Culture, Celebrities, GameFi, etc. Additionally, […]]]>

VICTORIA, Seychelles–(BUSINESS WIRE)–KuCoina world leader cryptocurrency trading platform, announced that its venture capital arm KuCoin Ventures and KuCoin NFT Marketplace-Windvane are launching a $100 million “Creator Fund” on April 19, 2022. The fund will support and incubate the early stage NFT projects, covering areas such as Arts, Sports, PFPs, Asian Culture, Celebrities, GameFi, etc. Additionally, this fund will invite 99 outstanding NFT creators to join the Windvane NFT Marketplace to accelerate the growth of Web 3.0.

Windvane is a brand new decentralized NFT marketplace powered by KuCoin. It provides NFT mint, trading, management, storage and many other services. KuCoin NFT Marketplace – Windvane aims to create a comprehensive and highly compatible platform that will openly support mainstream NFT blockchains, allowing everyone to select all NFTs on the KuCoin cross-chain aggregator and a one-stop shop for the best NFT of the world at Windvane.

The launch of the “Creator Fund” is another important step for KuCoin to enter the NFT space. The fund will help young artists and creators show their talents to the public and build a much more open, free, equal and democratic decentralized NFT marketplace. Additionally, the fund will support promising NFT projects with strong teams and innovative technology to facilitate the development of the NFT space and help build a diverse Web 3.0 world. Windvane is committed to building a comprehensive and highly compatible platform that will openly support mainstream NFT blockchains such as ETH, BSC, FLOW, etc. In their plan, Windvane will offer KuCoin’s massive user traffic and support from top KOLs and communities to help INO (Initial NFT Offering) projects.

Johnny Lyu, CEO of KuCoin, said, “At the current stage of the comprehensive and in-depth expansion of KuCoin’s Web 3.0 and NFT domains and the deepening of the KuCoin ecosystem, the launch of a ‘Creator Fund’ of 100 million dollars will undoubtedly bring a strong impetus to our development process. The $100 million “Creator Fund” will support creators and NFT projects, further consolidating the infrastructure of the metaverse. We are excited to see the rapid development of NFTs and their integration with sports, culture, games, celebrities, and more. KuCoin NFT Marketplace – Windvane would like to bridge the gap between Web 2.0 and Web 3.0 by helping more creators launch their NFTs or projects and creating a more integrated NFT world with a lower barrier to entry for users.

KuCoin Ventures Chief Investment Officer Justin Chou added, “KuCoin NFT Marketplace – Windvane is an emerging market. With its user- and community-driven mission, Windvane will help Web 3.0 creators around the world revolutionize the NFT industry. We are thrilled to partner with Windvane to launch the $100M “Creator Fund” which we believe will benefit users, creators, communities and project founders in the world of Web 3.0. »

At the same time, to celebrate the launch of the platform, KuCoin NFT Marketplace -Windvane will launch a series of activities, check out more on the platform.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 600 digital assets. It currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking and lending to its 10 million users in 207 countries and regions around the world. In 2018, KuCoin secured $20 million in Series A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently one of the top 5 crypto exchanges. Also, Forbes named KuCoin as one of the best crypto exchanges for 2021. In 2022, The Ascent named KuCoin the Best Crypto Exchanges and apps for enthusiasts.

About KuCoin NFT Marketplace – Windvane

KuCoin NFT Marketplace – Windvane is a more open and inclusive decentralized NFT marketplace powered by KuCoin, which will serve as a driving force in the industry. For KuCoin, he is committed to creating a comprehensive and highly compatible platform that will openly support mainstream NFT blockchains. Therefore, Windvane is empowered to offer KuCoin’s huge user traffic and support from top KOLs and communities to help INO projects. As far as customers are concerned, Windvane as a decentralized marketplace means low barriers to entry, but data storage will be very secure. There is always a project you are optimistic about on this platform which brings together different types of high-quality projects.

About KuCoin Ventures

KuCoin Ventures is a premier investment arm of KuCoin Exchange that aims to invest in the most disruptive cryptocurrency and blockchain projects of the Web 3.0 era. With a commitment to empowering Crypto/Web 3.0 builders with in-depth information and global resources, it is also a large-scale, community-driven, research-driven company that focuses on ChallengeGame-Fi, Web 3.0, infrastructure, working closely with its portfolio of projects throughout the entrepreneurship journey.

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