Technology

Uncia Wins Prestigious Award for Best Supply Chain Finance Implementation at the IBS Intelligence Global FinTech Innovation Awards 2024

Published

1 month ago

December 9, 2024

CHENNAI, India, Dec. 9, 2024 /PRNewswire/ — Uncia has been honored with the Best Supply Chain Finance Implementation – Best Project Implementation award at the 6th edition of the IBS Intelligence Global FinTech Innovation Awards 2024.

Recognized as a hallmark of excellence, the Global FinTech Innovation Awards celebrate revolutionary advancements in banking technology. The awards spotlight the transformative power of innovation, highlighting outstanding implementations in traditional banking technologies as well as the cutting-edge adoption of emerging technologies.

Uncia’s award-winning project involved the complete migration of a leading Indian NBFC’s supply chain finance infrastructure to its next-generation digital ecosystem. At the core of this transformation was UnciaFlow, built on a microservices architecture and pre-mapped with 51 predefined SCF product variations, covering nearly every SCF-related business scenario in the Indian market. The solution featured a powerful Business Rule Engine and Validation Management and was bundled with Uncia Studio, an intuitive user-driven configuration studio.

The deployment of the solution, fully powered by Robotic Process Automation (RPA), delivered game-changing benefits:

Instantaneous transfer of fundsFaster cash flowsSignificant reduction in lead times for counterparties and dealers processing bulk invoice uploads — all achieved without manual interventionSingle point limit management across working capital and term loans

This innovation has set a new benchmark for supply chain finance in India, empowering our clients with a highly self-service-oriented platform, enabling them to manage configurations and integrations independently.

Nikhil Gokhale, Director – Research & Digital Properties at IBS Intelligence, congratulated Uncia for their exceptional achievement in winning the category of ‘Best Supply Chain Finance Implementation: Best Project Implementation’ at the Global FinTech Innovation Awards.

He remarked, “The transformation of a leading Indian NBFC’s SCF platform using Uncia’s innovative solution has redefined industry benchmarks for automation and efficiency. By significantly cutting bulk invoice processing time, this fully integrated digital ecosystem delivers a profound impact on operational efficiency, regulatory compliance, and customer retention, while positioning the platform for sustainable future growth.”

Hari Padmanabhan, Chairman, Uncia, said, “We are deeply honored to receive this award for the successful transformational capabilities of UnciaFlow, which has set new benchmarks in automation, efficiency, and user-centric design. This award is not just a celebration of our technical prowess but also a reflection of the trust our clients place in us as partners in their digital transformation journey. We are proud to lead the way in reshaping supply chain finance in India, empowering our clients to achieve faster, smarter, and more sustainable growth. This milestone inspires us to continue pushing boundaries and redefining what’s possible in digital lending.”

Uncia remains at the forefront of fintech innovation, empowering financial institutions to stay agile and deliver unparalleled value to their stakeholders.

Revolutionise the Supply Chain Finance business with UnciaFlow. To book a customised experience today, visit https://www.uncia.ai/

For further information, please contact:

Dwaipayan Narayan Deb
Uncia
91 7899801980
dwaipayandeb@uncia.ai

Avantika Hari
A Richer Lens
avantika@aricherlens.com

About Uncia

Uncia, formerly known as ThemePro Technologies Private Limited, was established in the year 2020. Uncia is a young enterprise application software product company addressing Banks and NBFCs with a comprehensive suite of pure-play SaaS products designed to meet the ever-changing Digital Lending space, encompassing Loan Origination, Loan Management, and Supply Chain Finance. Uncia boasts a formidable and referenceable marquee client list across Banks and NBFCs, where it has achieved unprecedented success in rapid go-to-market (GTM) with its innovative product and delivery models. For more information about Uncia and its products, please visit https://uncia.ai/ or follow us on LinkedIn.

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Technology

LB Technology Partners with Motorq to Integrate OEM Data Services

Published

35 minutes ago

January 13, 2025

MEMPHIS, Tenn., Jan. 13, 2025 /PRNewswire/ — LB Technology, a leader in fleet management and telematics solutions, is pleased to announce a strategic partnership with Motorq, a leading connected vehicle data platform, to integrate OEM data services into LB Technology’s suite of fleet solutions. This collaboration enhances LB Technology’s ability to provide real-time insights, streamline operations, and offer data-driven decision-making capabilities to its clients using factory-installed OEM telematics hardware from some of the world’s leading automakers, including General Motors, Ford, Toyota, Stellantis, Volkswagen, Volvo, BMW and more.

Integrating Motorq’s cutting-edge OEM data services will enable LB Technology to deliver richer, more accurate vehicle data, including diagnostics, driver behavior analytics, and predictive maintenance insights across many different vehicle manufacturers to deliver actionable insights on one single platform without needing external devices.

“Integrating Motorq’s OEM data services into our platform represents a significant step forward in our mission to deliver smarter, more efficient solutions on one single platform for fleet operators,” said Matt Courts, CTO of LB Technology. “This partnership empowers our customers with the tools and data they need to operate more safely, cost-effectively, and sustainably. We are excited about the possibilities this collaboration brings.”

“We’re thrilled to partner with LB Technology, a company that shares our vision of harnessing data to drive smarter fleet management,” said Matt Naiman, Senior Vice President of Sales at Motorq. “Our OEM data services bring unparalleled accuracy and depth, providing LB Technology’s customers with the insights they need to optimize their operations and achieve their goals.”

The partnership between LB Technology and Motorq is poised to set a new standard in fleet management. It will enable businesses to unlock the full potential of mixed fleet-connected vehicle data while enhancing safety, efficiency, and productivity.

For more information about this partnership and its benefits, please visit www.fleettrack.com.

About LB Technology
LB Technology is a leading provider of fleet management solutions, delivering cutting-edge telematics technology and data-driven insights to businesses worldwide. By leveraging innovative tools and expertise, LB Technology empowers fleet operators to improve safety, efficiency, and sustainability.

About Motorq
Motorq is a leading connected vehicle data platform that helps businesses unlock the power of OEM data to optimize fleet performance and operations. With a focus on accuracy, security, and actionable insights, Motorq is revolutionizing how organizations manage their fleets.

View original content:https://www.prnewswire.com/news-releases/lb-technology-partners-with-motorq-to-integrate-oem-data-services-302349476.html

SOURCE LB Technology, Inc.

Technology

InventHelp Inventor Develops New Set of Audio Accessories (BDH-351)

Published

35 minutes ago

January 13, 2025

PITTSBURGH, Jan. 13, 2025 /PRNewswire/ — “I wanted to create a way to use either earphones or open-air speakers with one accessory,” said an inventor, from Deridder, La., “so I invented the RACHAL – JOHNSON INVENTION. My design increases options when listening to music or other digital content.”

The patent-pending invention provides a new set of accessories for digital music/media consumers. In doing so, it allows for wireless earphone and speaker use. As a result, it increases convenience. It also offers uninterrupted listening, even when charging the earphones. The invention features a versatile design that is easy to use so it is ideal for the general population. Additionally, a prototype is available.

The original design was submitted to the National sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 23-BDH-351, InventHelp, 100 Beecham Drive, Suite 110, Pittsburgh, PA 15205-9801, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

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SOURCE InventHelp

Technology

Proper Good, Inc. Successfully Secures New Funding to Fuel Growth

Published

35 minutes ago

January 13, 2025

AUSTIN, Texas, Jan. 13, 2025 /PRNewswire/ — Proper Good, Inc., a leader in ready-to-eat meal solutions, announced today that it successfully secured additional funding in the fourth quarter of 2024 to support the expansion of its 19 affordable meal options, which include oats, soups, and pastas. This milestone underscores the company’s ongoing growth and dedication to providing accessible, ready-made meal choices to a broader audience.

Available in thousands of Walmart locations for under $5 each, Proper Good meals are designed to make healthy and convenient eating accessible to all. The funding round was primarily backed by internal investors and board members, with a strategic focus on driving retail growth and introducing Proper Good to new households in 2025.

“We’re absolutely thrilled to have the incredible backing of our investors as we deepen our retail partnerships,” said Christopher Jane, Co-Founder & CEO of Proper Good. “This support empowers us to bring an even wider variety of delicious, easy meals to Walmart shelves in 2025—making mealtime a breeze for everyone!”

These funds will be strategically deployed to accelerate product development, expand operations, and enhance customer offerings, ensuring Proper Good continues to innovate and lead in the ready-to-eat food space

With a proven track record, innovative solutions, and visionary leadership, Proper Good has garnered significant interest from the investment community. The company remains dedicated to making wholesome, affordable, and convenient meals a staple for households across the nation.

For more information about Proper Good, Inc or to inquire about this offering, please contact:

Media Contact
Jenelle Hamilton PR
Jenelle Hamilton
388645@email4pr.com
+1 646.421.9139

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SOURCE Proper Good Inc.