V3V Ventures Backs Hivello & Algebra to Propel DePIN & DeFi Innovation

SINGAPORE, Oct. 28, 2024 /PRNewswire-PRWeb/ — V3V Ventures, a Singapore-based venture capital firm, has announced strategic investments in two pioneering projects: Hivello, a decentralized wireless infrastructure platform utilizing DePIN (Decentralized Physical Infrastructure Network) technology, and LoopFi, a DeFi protocol specializing in restaking and leveraging yield-bearing assets. These investments aim to accelerate the growth and adoption of decentralized technologies in both sectors.

Investment in Hivello

Hivello is revolutionizing decentralized wireless networks through DePIN technology, enabling a decentralized infrastructure for internet access. The platform supports the deployment of nodes globally, allowing participants to earn rewards while contributing to the network’s growth and scalability. With V3V Ventures’ support, Hivello aims to expand its node deployment incentives and enhance global network reach, providing a more resilient and accessible wireless ecosystem.

Investment in Algebra Finance

V3V Ventures announced an investment in Algebra Finance, an advanced DeFi infrastructure platform focused on enhancing DEX (Decentralized Exchange) performance through modular architecture and concentrated liquidity solutions. This partnership aims to accelerate Algebra’s mission to provide scalable, high-efficiency DeFi infrastructure that enhances capital utilization and trading volumes across decentralized ecosystems. Algebra Finance’s innovative protocol empowers DEX platforms with the flexibility to implement modular components, facilitating customizable and efficient liquidity pools. Key features include dynamic fees, concentrated liquidity, and adaptable plugins, enabling seamless updates without disrupting trading. Algebra’s robust technology has been integrated by leading DEX platforms, including Camelot, QuickSwap, and StellaSwap, driving billions in total transaction volume.

About V3V Ventures

V3V Ventures is a Singapore-based venture capital firm dedicated to investing in innovative companies with the potential to transform industries. With a strong focus on Web3 and crypto projects, V3V Ventures also supports other disruptive business models. The firm supports entrepreneurs and startups in achieving their growth ambitions through strategic investments and guidance.

For more information, please visit v3v.com, hivello.com, and algebra.finance

Media Contact

Serge Przhevalsky, V3V PTE LTD, 65 97780623, info@v3v.com, https://v3v.com/

View original content to download multimedia:https://www.prweb.com/releases/v3v-ventures-invests-in-hivello-and-algebra-finance-to-drive-innovation-in-depin-and-defi-sectors-302288234.html

SOURCE V3V PTE LTD

ALPHARETTA, Ga., Oct. 28, 2024 /PRNewswire/ — ValidiFI, Inc., a provider of predictive bank account and payment intelligence, and J.P. Morgan Payments today have announced a collaboration aimed at helping businesses across various industries validate bank accounts and conduct transactions with enhanced confidence and security.

For organizations conducting digital transactions on the ACH network, having a reliable bank account verification service is essential in order to mitigate risk and help detect fraudulent transactions. By integrating J.P. Morgan Payments’ Validation Services into its powerful network, ValidiFI is now positioned to provide customers with expanded coverage and bank account insights through its vAccount+ solution. This collaboration helps ensure transaction security, empowering organizations to operate with greater confidence in their financial processes. The combined strength of ValidiFI’s network and J.P. Morgan Payments’ Validation Services delivers a solution that helps with reducing risk and optimizing digital transactions.

J.P. Morgan Payments’ Validation Services offers a suite of account and identity verification solutions, focused on helping to reduce fraud and financial crime at every stage of the commerce cycle, including account takeover, synthetic identity and business email compromise. With a suite of AI-powered Trust & Safety solutions, including Validation Services, J.P. Morgan Payments enables clients to send and receive payments with greater accuracy and security.

“We’re excited to integrate J.P. Morgan Payments’ Validation Services solutions into our bank account and payment intelligence platform. This will significantly enhance bank account coverage and the accuracy of real-time bank account validation to increase auto-approvals, reduce returns and payment issues, and accelerate business growth.” says John Gordon, CEO of ValidiFI.

“Fraud prevention continues to be a top priority across the industry, and we’re committed to leverage technology along with our trusted network to help clients mitigate fraudulent activities,” says Ryan Schmiedl, head of Embedded Payments & Trust & Safety at J.P. Morgan Payments. “Collaborating with ValidiFI is another way we’re empowering clients through friction-free and highly reliable account validation capabilities to counter fraud and help protect their business.”

J.P. Morgan Payments combines treasury services, trade & working capital, card and merchant services capabilities to help clients pay customers or employees, in different currencies, around the world. It processes nearly $10 trillion payments daily, opera ting in over 160 countries and over 120 currencies.

To learn more about ValidiFI’s predictive bank account and payment intelligence, click here.

About ValidiFI

ValidiFI is the leading provider of predictive bank account and payment intelligence. Leveraging the Omni Platform, ValidiFI empowers organizations and financial institutions with actionable insights to help validate bank accounts, detect fraud, and assess credit risk. By analyzing the intricate connections between bank accounts, consumers, and payment performance, ValidiFI offers a more comprehensive view. ValidiFI serves as a trusted partner, unlocking the power of predictive bank account and payment intelligence through credentialled and non-credentialled solutions, enabling more confident transactions. For more information, visit validifi.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/validifi-collaboration-with-jp-morgan-payments-will-enhance-secure-digital-transactions-302288208.html

SOURCE ValidiFI

Genpact’s F&A expertise and global reach drive transformation for enterprise clients worldwide

NEW YORK, Oct. 28, 2024  /PRNewswire/ — Genpact (NYSE: G), a global professional services and solutions firm delivering outcomes that shape the future, today announced that it has been named a Leader for the thirteenth consecutive year in the 2024 Everest Group Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment. This recognition underscores Genpact’s deep finance and accounting (F&A) expertise, coupled with its innovative use of data, technology, and AI to deliver end-to-end finance transformations that create competitive advantages for enterprises globally.

“Modernizing the finance function by turning massive amounts of data into actionable insights is key to driving growth and competitiveness,” said Riju Vashisht, Chief Growth Officer, Genpact. “Our ongoing investment in advanced technologies helps our enterprise clients innovate and harness the power of data and AI to drive business value today and shape the future of the ever-evolving finance function.”

Everest Group evaluated 33 global FAO providers through its rigorous annual RFI process, client references, and market analysis. Leaders are distinguished by their superior technology capabilities, innovative engagement models, ongoing investment in F&A capabilities, and operational scale to meet diverse client needs.

“Genpact has further strengthened its capabilities in upstream processes such as enterprise risk management and FP&A, as well as its transformation advisory capabilities, to support clients in end-to-end finance transformation,” said Vignesh Kannan, Vice President, Everest Group. “A significant investment in generative AI, focused investments in tools and platforms, an outcome-oriented approach, and good client satisfaction ratings have solidified Genpact’s position as a Leader in Everest Group’s 2024 Finance and Accounting Outsourcing (FAO) Services PEAK Matrix® Assessment.”

Genpact’s Leader ranking reflects its ability to:

Combine deep F&A expertise with data, technology, and AI capabilities to deliver value-based solutions that meet each client’s specific requirements.Empower clients to reimagine F&A with an applied AI lens to drive transformational business outcomes.Offer industry-specific solutions with embedded consulting capabilities to deliver F&A and digital transformation services.Offer end-to-end Environmental, Social, and Governance (ESG) services, including ESG reporting, data management, controls, and carbon accounting.

Genpact integrates Enterprise Risk and Compliance (ERC) services with F&A to deliver comprehensive solutions including, controls transformation, Sarbanes-Oxley Act (SOX) compliance, internal audit, audit analytics, regulatory compliance, and value-added tax (VAT) recovery. The company continues to invest in advanced technologies, launching a generative AI Center of Excellence and AI innovation centers to co-create solutions with clients for anomaly detection, vendor inquiry resolution, and information summarization.

For more information on Genpact’s finance and accounting services, visit: https://www.genpact.com/services/finance-and-accounting 

About Genpact

Genpact (NYSE: G) is a global professional services and solutions firm delivering outcomes that shape the future. Our 125,000+ people across 30+ countries are driven by our innate curiosity, entrepreneurial agility, and desire to create lasting value for clients. Powered by our purpose – the relentless pursuit of a world that works better for people – we serve and transform leading enterprises, including the Fortune Global 500, with our deep business and industry knowledge, digital operations services, and expertise in data, technology, and AI.

Get to know us at genpact.com and on LinkedIn, X, YouTube, and Facebook. 

MEDIA CONTACT:

Geraldine Lim
Genpact Media Relations
+1-951-318-3494
geraldine.lim@genpact.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/genpact-recognized-as-a-leader-in-finance-and-accounting-outsourcing-in-the-2024-everest-group-peak-matrix-assessment-302286584.html

SOURCE Genpact