Technology

OwlTing Unveils Integration with Stellar to Support USDC Stablecoin on OwlPay® Wallet Pro

Published

5 months ago

August 2, 2024

TAIPEI, Aug. 1, 2024 /PRNewswire/ — OwlTing Group, a global blockchain fintech company headquartered in Taiwan, today announced that its digital wallet solution, OwlPay® Wallet Pro (the “Wallet”) has integrated with the Stellar blockchain to support the Stellar USDC stablecoin. The Wallet is now available both for iOS and Android on Apple’s App Store and Google Play Store in the U.S., offering a legal, compliant, and seamless cross-border transaction experience for enterprises and individual users.

OwlPay® Wallet Pro supports the USDC stablecoin on Stellar, along with five[1] other major blockchains. The integration expands the reach of OwlPay®’s payment platform through the Stellar network, which is expected to continue its growth in the user base by tapping into more than 8 million accounts on Stellar with over US$1.6B total payments volume for all real-world assets.

This integration enables OwlPay® to join the Stellar ecosystem and foster synergies among the leading developers to bring most the world’s main currencies together seamlessly on one platform. This was incorporated by a strategic investment from the Stellar Development Foundation (SDF). SDF’s investment is part of the recently closed financing round of the OwlTing Group raising an aggregate amount in the eight figures in USD among investors from the U.S., Japan, the U.K., and Taiwan.

Darren Wang, Founder and CEO of OwlTing Group, expressed his excitement about the dynamics, stating, “Our collaboration with the Stellar Development Foundation marks a significant step forward for OwlPay®. Integrating the Stellar blockchain into our Wallet opens up access to Stellar network users in the U.S. This presents a tremendous opportunity for OwlTing to expand our user base and enhance our market presence. We are excited to leverage this partnership to bring OwlTing’s innovative cross-border payment solutions to a broader community.”

Beyond the wide geographical reach, a key advantage of OwlPay® Wallet Pro would be staying compliant with regulations. OwlTing currently holds Money Transmitter Licenses (MTL) from 28 states[2] in the U.S., allowing it to serve both corporate customers across 46 states and individuals in these 28 states. The Company leverages AI-enhanced compliance partners to implement measures for customer due diligence and anti-money laundering, ensuring users to transact both fiat and stablecoin with the Wallet properly.

Integrated with the Stellar network, OwlPay® Wallet Pro offers another key advantage of streamlined transaction process for users. OwlPay® users are not required to acquire Stellar Lumens (XLM) to pay for the transaction expenses, such as the account activation fee (Sponsored Reserves) and the transaction fee (Fee-bump). Instead, those expenses are charged in fiat currency, greatly simplifying the process and eliminating the need to exchange fiat for another cryptocurrency.

To better transfer different financial assets across regions or payment systems, Stellar allows Anchors[3], entities that bridge their payment services to the network to unite the fiat and digital asset economies, to form a new global payment standard. This enables OwlPay® to offer users an accessible entry into a state-licensed and secure self-hosted payment wallet on the Stellar network, providing a direct on-off ramp solution for sending and receiving stablecoins within the U.S.

“Going forward, OwlTing is well-positioned to become one of the Stellar Anchor Directory members,” said Darren Wang, “Through this collaboration, OwlTing will join in the efforts of building a global network with Stellar, empowering users to access cross-border payments with a compliant and ready-to-use solution, and to explore the possibilities of optimizing payment flows in the Web3 environment.”

About Stellar

Stellar is more than a blockchain. Powered by a decentralized, fast, scalable, and uniquely sustainable network made for financial products and services and a thriving and passionate ecosystem that includes a non-profit organization driven by a mission, Stellar is paving the path to unlock the world’s economic potential through blockchain technology. Built with speed and low costs in mind, the Stellar network provides builders and financial institutions worldwide a platform to issue assets, and to send and convert currencies in real time creating real world utility.

About the Stellar Development Foundation

The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world’s financial infrastructure. Founded in 2014, the Foundation helps maintain Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology. For more information, visit here.

About OwlPay® Wallet Pro

OwlPay® Wallet Pro is a self-hosted blockchain wallet solution to empower enterprises and individuals, offering a fast setup for a U.S. state-licensed and secure multi-currency payment wallet for cross-border transactions. For more information, visit here.

About OwlTing Group

Founded in 2010, OwlTing is a global blockchain fintech company based in Taiwan and has branch offices in the U.S., Japan, Singapore, Hong Kong, Thailand, and Malaysia. In 2022, it was selected by KPMG and HSBC as “the Leading 3 Emerging Giants in Taiwan“. With the mission to usher in the digital transformation of traditional payment processes, while ensuring legal compliance, OwlTing introduced OwlPay®, a Web2 and Web3 hybrid payment solution, to empower global businesses to operate confidently in the evolving digital landscape. For more information, visit here.

Media Contact
PR Office at OwlTing Group
pr_office@owlting.com

[1] OwlPay® Wallet Pro currently supports six blockchains including Stellar, Ethereum, Polygon, Avalanche, Arbitrum, and Optimism.

[2] As of July 2024, OwlTing Group has obtained MTL licenses in 28 U.S. states and is in the process of applying for relevant legal trading licenses in other U.S. states, as well as in Japan, the EU, Singapore, and Hong Kong. For a list of U.S. licenses obtained, please see here.

[3] An anchor is a Stellar-specific term for the on and off-ramps that connect the Stellar network to traditional financial rails, such as a fintech company like OwlTing Group. Anchors accept users’ deposits of fiat currencies for receiving the equivalent digital tokens on the Stellar network. Anchors also allow token holders to redeem their tokens for the real-world assets they represent.

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SOURCE OwlTing Group

Technology

Virtusa Earns 2024 Great Place to Work® Certification™ for Third Consecutive Year

Published

51 minutes ago

December 23, 2024

SOUTHBOROUGH, Mass., Dec. 23, 2024 /PRNewswire/ — Virtusa Corporation, a global leader in digital business strategy, digital engineering, and IT services, is proud to announce its 2024 Great Place to Work® Certification™ for the third consecutive year. This recognition spans seven countries – India, USA, Canada, UK, UAE, Australia, and Singapore – and underscores Virtusa’s dedication to fostering a High-Trust, High-Performance workplace culture globally.

The certification is based on rigorous employee feedback, with Virtusa achieving an impressive Trust Index™ score of 79% and an Employee Net Promoter Score (eNPS) of 73%. Notably, 81% of employees agreed with the statement, “Taking everything into account, I would say this is a great place to work.”

Key areas of improvement over the past year include professional development, equal treatment, making a difference, and creating a welcoming environment.

“We are incredibly honored to receive the Great Place to Work® Certification™ for the third consecutive year,” said Lori Mullane, Chief People Officer at Virtusa. “This recognition reflects our unwavering commitment to creating an inclusive and empowering workplace where employees feel valued, supported, and inspired to achieve their best. Investing in a culture of trust, collaboration, and growth enables our teams to deliver exceptional value to our clients and communities.”

Virtusa’s commitment to professional development, diversity, and well-being reflects its efforts to build a supportive and inclusive environment. With industry-leading initiatives like Engineering IQ for career progression, robust upskilling programs, and a focus on belonging and fairness, Virtusa has created a culture where employees can thrive.

The Certification is a testament to Virtusa’s leadership in workplace culture, which supports over 30,000 employees globally. As the company continues to grow, its mission remains steadfast in providing a High-Trust, High-Performance environment that drives innovation, collaboration, and employee satisfaction.

For more information about Virtusa’s workplace culture and career opportunities, visit https://www.virtusa.com/careers.

About Great Place to Work®
Backed by 30 years of data, Great Place To Work is the global authority on workplace culture. Through its proprietary For All™ Model and Trust Index Survey, it gives organizations the recognition and tools to create a consistently positive employee experience. Its mission is to help every place become a great place to work for all, driving business growth, improving lives, and empowering communities. Through globally recognized and coveted Great Place To Work Certification and highly competitive Best Workplaces™ Lists, Great Place To Work enables employers to attract and retain talent, benchmark company culture, and increase revenue. Its platform enables leaders to truly capture, analyze and understand the experience of every employee, and compare outcomes with data collected from more than 100 million employees in 150 countries worldwide.

About Virtusa
Virtusa Corporation provides digital engineering and technology services and solutions for Forbes Global 2000 companies across industries, including financial services, healthcare, telecommunications, media, manufacturing, and technology. With a foundation in digital engineering, Virtusa empowers enterprises to navigate digital transformation, driving operational efficiency and measurable outcomes. Leveraging its Engineering First approach, Virtusa partners with organizations to tackle complex challenges, delivering solutions that ensure resilience and competitive advantage.

Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.

Media Contact:
Paul Lesinski
Edelman
(971) 226-5299
paul.lesinski@edelman.com

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View original content:https://www.prnewswire.co.uk/news-releases/virtusa-earns-2024-great-place-to-work-certification-for-third-consecutive-year-302337841.html

Technology

DogeRide Unleashes a New Era of Pet-Friendly Ridesharing in Denver

Published

51 minutes ago

December 23, 2024

DogeRide, Denver’s newest and most innovative ridesharing service, is proud to announce the official launch of its pet-friendly hailing app in Denver, CO Metro Area.

DENVER, Dec. 23, 2024 /PRNewswire-PRWeb/ — DogeRide, Denver’s newest and most innovative ridesharing service, is proud to announce the official launch of its pet-friendly hailing app.

“We wanted to create a ridesharing service that embraces that spirit, providing a solution for dog lovers who want their furry companions to be part of their daily lives. DogeRide is more than a rideshare; it’s a celebration of Denver’s dog-friendly culture.”

Designed to bring convenience and joy to pet lovers, DogeRide allows drivers to ride with their dogs as companions while welcoming riders to travel with their furry friends. With Denver being one of the most dog-friendly cities in the country, this service is set to revolutionize how residents and their dogs move around town.

DogeRide aims to address a growing demand for pet-friendly transportation. Riders no longer have to worry about leaving their four-legged friends behind or struggling to find a rideshare that accommodates their pets. The DogeRide app allows seamless booking and ensures all participating drivers are comfortable with canine passengers.

To ensure a safe and pleasant ride, dogs must weigh under 80 pounds and be on a leash or in a crate during the journey.

“Denver is a city that thrives on community and outdoor adventures, and dogs are a huge part of that lifestyle,” said Phil Warfield and Divine Tumenta, both Co-founders of DogeRide. “We wanted to create a ridesharing service that embraces that spirit, providing a solution for dog lovers who want their furry companions to be part of their daily lives. DogeRide is more than a rideshare; it’s a celebration of Denver’s dog-friendly culture.”

The app’s user-friendly interface allows riders to indicate when they’re bringing a dog along, ensuring that drivers are prepared for their canine co-pilots. Additionally, all DogeRide drivers are trained to prioritize safety and comfort for both human and canine passengers. From trips to the vet or park to daily commutes, DogeRide is committed to making every journey tail-waggingly fun and hassle-free.

DogeRide also offers unique features tailored to the needs of dog owners and pet-loving drivers. Drivers are encouraged to bring their dogs along for companionship while working, creating a warm and welcoming atmosphere for riders. This innovative approach not only enhances the drivers’ experience but also provides riders and their dogs with a sense of familiarity and connection.

“DogeRide is the ultimate ridesharing service for dog lovers because we’ve designed it with the needs of Denver’s vibrant pet-owning community in mind,” said Chad Harris, Co-founder of DogeRide. “Whether you’re heading to the dog park, running errands, or going on an adventure, DogeRide ensures your furry friend can come along for the ride. We’re thrilled to be part of Denver’s pet-friendly ecosystem.”

DogeRide’s mission is to create a safe, reliable, and dog-inclusive transportation option that reflects the unique lifestyle of Denver residents. As part of its commitment to the community, DogeRide plans to partner with local animal shelters and pet organizations to support adoption events and promote responsible pet ownership.

DogeRide is now available for download on iOS and Android devices. For more information, visit www.dogeride.com.

Media Contact

Nick Dell, DogeRide Technologies Inc, 1 7207817533, support@dogeride.com, https://www.dogeride.com/

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SOURCE DogeRide Technologies Inc

Technology

Omnis Investments Limited Extends Relationship with SS&C

Published

51 minutes ago

December 23, 2024

WINDSOR, Conn., Dec. 23, 2024 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Omnis Investments Limited has extended its transfer agency relationship with SS&C. The contract services Omnis’s range of mutual funds, which invest across several asset classes and regions.

With more than GBP10 billion of assets under management, Omnis is one of U.K.’s largest asset managers and works closely with clients of The Openwork Partnership, a network of 4,200 financial advisers across the country. Omnis also collaborates with 2plan wealth management, a leading wealth management firm in the U.K.

“SS&C is a long-term valued partner to Omnis, and we are looking forward to continuing our work together on ways to enhance the experience of our clients and achieve our goals,” said Simon Harris, Chief Operating Officer at Omnis. “Together with SS&C, we are committed to providing a high standard of service to all of our clients and evolving our digital service offering.”

“We are pleased to extend our valued long-term relationship with Omnis,” said Spencer Baum, Managing Director Head of Client Management, SS&C GIDS. “SS&C is committed to delivering exceptional omnichannel servicing and support to all customer types.”

Learn more about SS&C’s Global Investor and Distribution Solutions here.

About Omnis Investments Limited

Omnis Investments manages over GBP10 billion in assets, working as part of The Openwork Partnership, a network of 4,200 financial advisers across the country helping people look forward with confidence and optimism. Omnis has a range of funds and strategies across the full risk/return spectrum, managed by leading investment managers. The Omnis funds are only available through advisers of The Openwork Partnership and 2plan wealth management.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on Twitter, LinkedIn and Facebook.

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SOURCE SS&C