MUMBAI, India, Dec. 18, 2024 /PRNewswire/ — Prime Securities Limited (NSE: PRIMESECU) (BSE: 500337) (SEBI registered Category-I Merchant Banker) (www.primesec.com), a premier investment banking and corporate advisory services provider, has acquired 41.68% stake in Ark Neo Financial Services Private Limited, the Chennai-based fintech platform known as “DhanLAP.” Further, Prime will infuse capital into the company by subscribing to optionally convertible debentures. On conversion, Prime’s holding will move above 50%. Prime’s total investment will be to the tune of INR 700 lakhs (70 million).

This acquisition is part of Prime Securities’ broader strategy to diversify and strengthen its portfolio. Recently, the company expanded into the wealth management sector through its wholly owned subsidiary, Prime Trigen Wealth Ltd. (PTWL).

DhanLAP is a digital platform for instantly availing loans against financial products including mutual funds, shares, and insurance, for retail investors. It was launched in October 2021 and was a pioneer in this segment. The platform has established partnerships with leading lending institutions and is poised to meet the increasing demand for finance in India.

Mr. C Chandrasekhar is the Founder and CEO of Ark Neo Financial Services Private Limited and has been a serial entrepreneur for the last 20+ years, building and managing companies in the USA and India. His companies have been in the online financial services spectrum offering products for retail customers.

Speaking about the platform, C R Chandrasekhar, Founder & CEO of Ark Neo Financial Services Private Limited, said, “Most retail investors are unaware that their investments in mutual funds and stocks can be used as collateral for securing loans. In times of financial need, many tend to redeem their mutual fund units, which disrupts their long-term financial goals and wealth-building plans. With DhanLAP, we have streamlined the entire process, making it quick and convenient by fully digitizing the journey to access finance. This solution not only addresses their immediate financial needs but also ensures that their wealth continues to grow without interruption. We are excited to have Prime Securities Ltd. as our major shareholder, which will enable significant synergies between Ark Neo and Prime Securities, helping us scale and innovate further.”

Mr Akshay Gupta, Director at Prime Securities, said, “DhanLAP, with its innovative approach to loans against securities, is perfectly aligned with Prime Securities’ strategic vision of expanding into scalable, technology-driven solutions in the financial services sector, driving long-term growth and value. These products are commonly offered by large private banking firms to their HNI clients. Given the significant increase in investor participation in financial markets in recent years, DhanLAP aims to make these offerings more accessible through an omnichannel presence.”

About Prime Securities Limited (NSE: PRIMESECU) (BSE: 500337):

Prime Securities Limited (“Prime”) is a SEBI registered Category-I Merchant Banker since almost 3 decades. Prime is among the top pure play Investment Banking (IB) outfits in India. Prime offers wide and diverse service offering that includes facilitating equity and debt capital, M&A advisory, QIPs, debt syndication, structured credit, restructurings & resolutions, rights issues, buybacks, open offers, delisting, etc. Prime is listed on BSE Limited and National Stock Exchange of India Limited since 1995.

For further details, please visit – https://primesec.com/

About Ark Neo Financial Services (DhanLAP) 

Ark Neo Finance is one of the fastest-growing fintech start-ups in the country that strives to intuitively address the pain points of investors looking to use their financial products as a collateral and avail finance. Offering end-to-end digital loan against retail financial products DhanLAP provides individual investors greater flexibility to raise funds on their financial products without losing ownership. Built by a team with niche domain expertise, DhanLAP combines experience with technology innovation to deliver faster, more intelligent, and better outcomes for its multiple stakeholders.

For further details, please visit – https://dhanlap.com/

Logo: https://mma.prnewswire.com/media/2523372/4951075/Prime_Securities_Logo.jpg

View original content:https://www.prnewswire.com/in/news-releases/prime-securities-limited-prime-to-acquire-42-strategic-stake-in-ark-neo-financial-services-ltd-a-fintech-company-which-operates-dhanlap–a-loan-against-securities-platform-302334620.html

Freight tech company Einride deploys Europe’s first commercial autonomous daily operations between pharmacy e-retailer Apotea’s warehouses in Sweden. The launch follows a successful two-year partnership with Apotea where over 917,000 kg CO2e has been saved, equivalent to 20 electric laps driven around the earth. Einride’s autonomous technology is now shipping the final wave of holiday gifts from the warehouses in Morgongåva with ML powered insights providing efficiency during heightened delivery periods.

UPPSALA, Sweden, Dec. 18, 2024 /PRNewswire/ — Einride will today commence commercial daily autonomous operations in Morgongåva, Sweden, just 1.5 hours outside of Stockholm. This will be Europe’s first commercial autonomous daily operations, and Einride’s second commercial autonomous daily operations after having operated in the US the past year.

The heavy duty vehicle operates fully autonomously, without a driver onboard, and the freight operations will take place between Apotea’s warehouses. As the route is adjacent and open to a public road, operations take place with a public road permit.

“Our autonomous technology facilitated by machine learning allows for higher utilization and efficient, safe freight. Adding our first autonomous route at Apotea’s site, and the first daily commercial autonomous freight operations in Europe, allows us to showcase how the Einride ecosystem can optimize entire logistics flows. We are proud to start off this partnership with shipping the last wave of holiday gifts from Apotea’s warehouse autonomously,” says Henrik Green, General Manager for Einride Autonomous Technologies.

Einride’s platform offering includes connected electric and autonomous heavy-duty vehicles, charging infrastructure and an intelligent freight operating system. Apotea has already applied Einride’s technology to reduce emissions and increase efficiencies by deploying manned, electric vehicles powered by the Einride digital freight platform. Since the start of operations in 2022, Einride has driven almost 800,000 electric km’s equivalent to 20 laps around earth, saving 917,000 kg CO2e. This latest step aims to further elevate the utilization of vehicles and optimization of logistics flows by starting to automate routes, as part of Einride’s autonomous capacity-as-a-service offering, including everything from site selection and network analysis to deployment of hardware and software and daily operations of the autonomous services.

“We always put our customers first and regard autonomy as a crucial part of keeping our promise of affordable prices and fast, free-of-charge deliveries today and tomorrow. We are proud to partner with Einride – global frontrunners in autonomous technology – to bring Europe its first autonomous freight operations in daily commercial use. This is a crucial step as we work to automate several parts of our logistics chain for more efficient deliveries,” says Pär Svärdson, founder and CEO of Apotea.

With machine learning as the backbone, the Einride platform coordinates a sensor suite of radars, lidars and cameras to navigate autonomously with a 360 view. While the Einride Autonomous system operates fully autonomously, Einride offers remote operators to monitor the transport operations and assist when needed.

For more information, please contact:
Hanna Holmquist Jabar, Communications Manager Autonomous at Einride
press@einride.tech

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/einride/r/einride-scales-autonomous-operations–launching-europe-s-first-daily-commercial-application,c4083796

The following files are available for download:

View original content:https://www.prnewswire.com/news-releases/einride-scales-autonomous-operations-launching-europes-first-daily-commercial-application-302334629.html

SOURCE Einride

Comprehensive solution for clients required to disclose sustainability metrics and generate whitepapers as per EU MiCA regulation

NEW YORK, Dec. 18, 2024 /PRNewswire/ — A new, pioneering collaboration between the Crypto Carbon Ratings Institute (CCRI), a leader in sustainability data on digital assets, and Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, will deliver an integrated communications, data, and disclosure generation platform to help companies operating in Europe, including exchanges, brokers and asset managers to meet new sustainability reporting requirements. This integration combines CCRI’s trusted sustainability data with Broadridge’s ClearFI digital asset information and disclosure platform, enabling financial services firms to demonstrate compliance with the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulations.

“As global regulators define new rules and standards to mature the Digital asset and Crypto Industry the ClearFi solution continues to expand to assist clients’ compliance needs,” said Rob Krugman, Chief Digital Officer at Broadridge. “Working with CCRI, we are helping the financial services industry meet critical regulatory requirement and drive more informed investment decisions for all market participants.”  

The EU’s MiCA framework represents a groundbreaking regulatory approach, designed to stabilize financial markets, protect investors, and usher in a new era of transparency in the crypto sector. MiCA requires Crypto-Asset Service Providers (CASPs), including exchanges, brokers and custody providers operating in the EU to present their customers with sustainability metrics in addition to generating and filing whitepapers with Member States for each of the assets enabled on their platforms.  The combined dataset enabled through this partnership will enable Broadridge to assist CASPs in satisfying these regulations immediately. The new MiCA rules begin to go into effect on December 30, 2024.

“This collaboration is a significant milestone, providing companies with the data and tools to comply with regulatory frameworks including the requirements for sustainability disclosures,” said Christian Stoll, Chief Executive Officer at CCRI. This partnership will also extend to asset managers and corporations that will need to comply with upcoming changes to accounting rules that require the consideration of GHG emissions related to digital assets that asset managers or corporations hold or trade.

As regulatory efforts expand, for instance, California is introducing corporate climate disclosure requirements that extend to value chain (scope 3) emissions, including crypto-related activities, reflecting a broader global emphasis on sustainability in digital markets. The Broadridge-CCRI partnership positions clients to navigate these developments as well. The platform anticipates California’s upcoming corporate carbon reporting requirements, offering a forward-looking solution for asset managers and corporations operating in global markets.

About Crypto Carbon Ratings Institute

CCRI – Crypto Carbon Ratings Institute – is a research-driven company providing data on sustainability aspects of cryptocurrencies, blockchain and other technologies. The interdisciplinary team has built a multi-year research track record with a specific focus on cryptocurrencies and their sustainability impacts. CCRI uses the most up-to-date data sources as well as methods based on formerly peer-reviewed studies published in renowned scientific journals. CCRI provides insights that help their clients to understand and manage crypto-related environmental impact exposure. For more information, please visit: https://carbon-ratings.com/

About Broadridge

Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. 

Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information, please visit www.broadridge.com. 

Broadridge Contacts:

Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com 

Media:
Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/broadridge-collaboration-with-ccri-expands-clearfi-platform-adding-crypto-sustainability-data-302334154.html

SOURCE Broadridge Financial Solutions, Inc.