operations - FinTecBuzz

Azentio Software delivered its Shariah-compliant profit calculation

March 14, 20224 min

Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that Bank of Abyssinia (“BoA”) has successfully gone live with iMAL*IslamicFinancing and iMAL*ProfitCalculationSystem in less than four months, to support the growth of its Islamic window operations. Azentio’s Shariah-compliant profit calculation and distribution system makes profit distribution highly efficient. With the company’s AAOIFI-certified Islamic banking suite, BoA will be able to compete with both, Islamic banks and conventional banking methods of interest payouts, in rates and...

by PRNewswire

Crypto Currencies

BlockFi Selects Bermuda to Expand Global Operations Footprint

January 25, 20225 min

BlockFi will service all non-U.S. clients under the "Class F" Digital Assets Business License from Bermuda

by BusinessWire

Insurance

Andrew Hargett Becomes UIG’s President of Call Center Operations

January 5, 20221 min

United Insurance Group Agency, Inc. (UIG) announced today that Andrew Hargett has assumed the new role of President of Call Center Operations. Hargett joined UIG in 2019. “Andrew has transformed UIG’s distribution model,” said Daniel G. Schmedlen, Jr., chief executive officer of LTC Global, UIG’s parent. “Andrew’s understanding of call center needs and operational challenges has enabled UIG to build meaningful partnerships with many large external call centers. As a result, UIG’s sales have increased...

by PRNewswire

Crypto Currencies

Cryptocurrency Miners Relocate to the U.S.

August 6, 202112 min

The cryptocurrency market is complex, and at this point relies on the progression of technology and software, but political decisions will also play an important role in its future. For example, China’s crackdown on crypto mining had sent prices tumbling initially, but recovery has since started, and miners have begun to look for viable alternatives. Many have already, or are in the process, of relocating to Texas. The state also seems to provide a possible solution to the...

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