PostFinance | Jotup

Sygnum raises more than USD 40 million in interim close of oversubscribed financing round

Retrieved on:

Thursday, January 25, 2024

Entrepreneurship, PostFinance, Trust, Partnership, Investment, USD, Human, Bordier & Cie, Azimut Holding, Growth, Cryptocurrency

ZURICH and SINGAPORE, Jan. 25, 2024 /PRNewswire/ -- Global digital asset banking group Sygnum today announced that it has raised more than USD 40 million against an initial ~USD 35 million target in an interim close of its latest funding round, which is named the Strategic Growth Round.

Key Points:

ZURICH and SINGAPORE, Jan. 25, 2024 /PRNewswire/ -- Global digital asset banking group Sygnum today announced that it has raised more than USD 40 million against an initial ~USD 35 million target in an interim close of its latest funding round, which is named the Strategic Growth Round.
As of the completion of this interim close the company's post-money valuation stands at USD 900 million.
The round is oversubscribed and, as of this interim close, has already raised more than USD 40 million against the company's original ~USD 35 million target, with Azimut Holding, a global asset management group, as the lead investor.
Sygnum closed 2023 with a USD 100M+ annualised revenue run rate and achieved positive cash flow in Q4.

Sygnum’s Crypto-TradFi bridge generates multi-bn client demand for traditional securities

Retrieved on:

Tuesday, October 17, 2023

Crypto, Black Rock, COVID-19, PostFinance, ETF, ETP, NNM, CHF, Growth, Vanguard, Treasury, Cryptocurrency

Market traction due to clients’ ability to combine crypto and traditional assets conveniently, simply

Key Points:

Market traction due to clients’ ability to combine crypto and traditional assets conveniently, simply
Diversification opportunities into 10,000+ traditional securities including fixed income products,
Sygnum today announces significant growth in its traditional securities offering that complements its core regulated digital asset offering.
Traditional securities, first made available to selected clients in March 2023, has already generated CHF multi-billion client demand and a strong future growth pipeline.
Client demand to complement their core cryptocurrency investments with traditional securities is primarily from crypto foundations and other large holders.
In parallel, Sygnum is building new “high-speed lanes” on its Crypto-TradFi bridge via the tokenising of traditional securities.

PostFinance partners with Sygnum Bankto offer cryptocurrencies

Retrieved on:

Saturday, April 15, 2023

PostFinance, Digital, Partnership, Cryptocurrency

Zurich, 5 April, 2023 - PostFinance, one of Switzerland’s leading financial institutions and largest retail banks, partners with Sygnum, the world’s first digital asset bank, to offer its customers a range of regulated digital asset banking services via Sygnum's B2B banking platform.

Key Points:

Zurich, 5 April, 2023 - PostFinance, one of Switzerland’s leading financial institutions and largest retail banks, partners with Sygnum, the world’s first digital asset bank, to offer its customers a range of regulated digital asset banking services via Sygnum's B2B banking platform.
By leveraging Sygnum's B2B banking platform, PostFinance will seamlessly integrate this new offering into its existing infrastructure from the outset.
Sygnum's fully regulated B2B banking platform enables PostFinance to provide flexible and efficient access to a range of cryptocurrencies, as well as introducing new revenue-generating services on an ongoing basis, such as staking.
We are pleased to empower PostFinance to deliver institutional-grade digital asset services to their customers.

Etihad Airways Goes Live with Spitch.ai's Virtual Assistant to Assist Passengers with Covid-Related Travel Information

Retrieved on:

Thursday, April 7, 2022

The Spitch.ai solution will be deployed to provide Covid-related travel information to Etihad passengers.

Key Points:

The Spitch.ai solution will be deployed to provide Covid-related travel information to Etihad passengers.
Etihad passengers will benefit from the Virtual Assistant's ability to share immediate Covid-related travel information about their flights without having to wait in queue.
Flexibility has been built into the system, enabling passengers to connect with an Etihad agent live to hear the relevant information directly or receive it via SMS text message.
"The Spitch solution is an exciting project for the Etihad Innovation Lab", said Frank Meyer, Chief Digital Officer of Etihad Aviation Group.

Etihad Airways Goes Live with Spitch.ai's Virtual Assistant to Assist Passengers with Covid-Related Travel Information

Retrieved on:

Thursday, April 7, 2022

The Spitch.ai solution will be deployed to provide Covid-related travel information to Etihad passengers.

Key Points:

The Spitch.ai solution will be deployed to provide Covid-related travel information to Etihad passengers.
Etihad passengers will benefit from the Virtual Assistant's ability to share immediate Covid-related travel information about their flights without having to wait in queue.
Flexibility has been built into the system, enabling passengers to connect with an Etihad agent live to hear the relevant information directly or receive it via SMS text message.
"The Spitch solution is an exciting project for the Etihad Innovation Lab", said Frank Meyer, Chief Digital Officer of Etihad Aviation Group.

Spitch Launches in U.S. With Omnichannel Conversational AI Solutions

Retrieved on:

Tuesday, March 8, 2022

ZURICH, March 8, 2022 /PRNewswire/ -- Spitch.ai, global leader in conversational AI solutions, today announced its launch in the U.S. following 400% year over year growth and a successful first funding round in 2021. The company announces its arrival with its state-of-the-art omnichannel solution using Natural Language Processing (NLP), Artificial Intelligence (AI) and Machine Learning.

Key Points:

The company announces its arrival with its state-of-the-art omnichannel solution using Natural Language Processing (NLP), Artificial Intelligence (AI) and Machine Learning.
The conversational AI market has grown 130% and continues to increase as businesses look for customizable solutions to optimize operations for efficiency and accuracy.
AI-powered solutions were propelled forward during the global pandemic and continue to gain momentum, often led by existing multinational technology companies.
Spitch is a global provider of B2B and B2C Conversational AI solutions, headquartered in Switzerland since 2014 with a presence in many countries across Europe and now in North America.

BOC Group Introduces ADOIT 14.0 With A Game-Changing Architecture Analysis Experience

Retrieved on:

Thursday, January 13, 2022

ADOIT, IHeartMedia, Business process, Enterprise, Business process management, BOC, EA, Vienna International Airport, ADONIS, Ecosystem, Allianz, Architecture, Dentsu Aegis Network, BOC Group, Open source, Organization, Retail, Public relations, PostFinance

DUBLIN, Jan. 13, 2022 /PRNewswire/ -- BOC Group today announced ADOIT 14.0 , with a transformative analysis experience that gives users full control over their EA data and allows them to visualize and communicate their architectures in their own ways.

Key Points:

DUBLIN, Jan. 13, 2022 /PRNewswire/ -- BOC Group today announced ADOIT 14.0 , with a transformative analysis experience that gives users full control over their EA data and allows them to visualize and communicate their architectures in their own ways.
Built to add more agility to EA initiatives and maximize the value of architecture data, ADOIT 14.0 gives great contributions to realizing transformation goals faster.
"14.0 amplifies some of the most powerful aspects of ADOIT to deliver the ultimate personalized analysis experience.
BOC Group encourages all interested parties to take ADOIT 14.0 for a spin with the free ADOIT:Community Edition andexperience the latest improvements first-hand.

BOC Group Introduces ADOIT 14.0 With A Game-Changing Architecture Analysis Experience

Retrieved on:

Thursday, January 13, 2022

DUBLIN, Jan. 13, 2022 /PRNewswire/ -- BOC Group today announced ADOIT 14.0, with a transformative analysis experience that gives users full control over their EA data and allows them to visualize and communicate their architectures in their own ways.

Key Points:

Built to add more agility to EA initiatives and maximize the value of architecture data, ADOIT 14.0 gives great contributions to realizing transformation goals faster.
"14.0 amplifies some of the most powerful aspects of ADOIT to deliver the ultimate personalized analysis experience.
BOC Group encourages all interested parties to take ADOIT 14.0 for a spin with the free ADOIT:Community Edition andexperience the latest improvements first-hand.
BOC Group crafts and markets state-of-the-art Enterprise Modelling Software for effective and extensive business management in the digital era.Our tools are based oninterconnectivity.

Backbase Partners with Blue Federal Credit Union to Revolutionize Members’ Retail and Business Banking Experiences

Retrieved on:

Tuesday, December 14, 2021

Engagement Banking technology provider Backbase announced today that it is partnering with Blue Federal Credit Union (Blue), a leading credit union headquartered in Wyoming and serving communities throughout the Western United States, to reinvent the digital experience for all of Blues retail and business banking members.

Key Points:

Engagement Banking technology provider Backbase announced today that it is partnering with Blue Federal Credit Union (Blue), a leading credit union headquartered in Wyoming and serving communities throughout the Western United States, to reinvent the digital experience for all of Blues retail and business banking members.
The partnership will see Blue adopt Backbases Digital Banking, Digital Sales and Digital Assist solutions for both lines of business.
"Backbase is a game-changer for Blue," adds Kent Richard, Chief Information Officer at Blue Federal Credit Union.
Blue Federal Credit Union is a not-for-profit financial institution serving communities across Wyoming and Colorado as well as members worldwide.