Gleaners Food Bank of Indiana named Official Charitable Partner of the Indianapolis Motor Speedway

In helping raise awareness for its No One Runs on Empty campaign on food insecurity in central Indiana, Gleaners Food Bank has become an Official Charitable Partner of the Indianapolis Motor Speedway, the pair announced Tuesday. The news comes at the start of the first fan-attended race week of the year at IMS, ahead of IndyCar’s Harvest Grand Prix doubleheader Friday and Saturday, along with the Indianapolis 8 Hour endurance race on Sunday.



a close up of a food truck: An event at the Indianapolis Motor Speedway called Mega Mobile Food Drive, sponsored by Gleaners Food Banks, Indianapolis, Saturday, May 23, 2020. The event, which gives fresh milk, veggies, fruit, and meat to families in need, is a repeat of an event last week at the Indiana State Fairgrounds. This is the traditional weekend for the Indianapolis 500 mile race, which has been moved to August due to the coronavirus.


© Robert Scheer/IndyStar
An event at the Indianapolis Motor Speedway called Mega Mobile Food Drive, sponsored by Gleaners Food Banks, Indianapolis, Saturday, May 23, 2020. The event, which gives fresh milk, veggies, fruit, and meat to families in need, is a repeat of an event last week at the Indiana State Fairgrounds. This is the traditional weekend for the Indianapolis 500 mile race, which has been moved to August due to the coronavirus.

Starting Thursday, fans in

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ParaFi Capital, the DeFi-focused Asset Management Firm, Announces Strategic Investment from Galaxy Digital

Galaxy Digital and ParaFi Capital to seek co-investment opportunities to drive further adoption of decentralized finance innovations in the blockchain technology industry

SAN FRANCISCO, Sept. 29, 2020 /PRNewswire/ – Decentralized finance and blockchain investor ParaFi Capital (“ParaFi”) today announced it has received a strategic investment from an affiliate of Galaxy Digital Holdings Ltd. (TSX: GLXY) (“Galaxy Digital”), a leading financial services and investment management company in the cryptocurrency and blockchain technology sector founded by Mike Novogratz. With this transaction, Galaxy Digital has become a minority shareholder in the firm, joining other ParaFi investors including Bain Capital Ventures and Henry Kravis, Co-CEO and Co-Founder of KKR. As of August 31, 2020, ParaFi had assets under management of over $100 million.

ParaFi and Galaxy Digital expect to identify opportunities to jointly co-invest where they can leverage ParaFi’s expertise in the decentralized finance (“DeFi”) space together with Galaxy

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Blackstar Capital appoints Tim Davies as head of financial design


Tim Davies has been appointed Head of Financial Design at Blackstar Capital, a specialist structured finance and working capital solutions provider with leading expertise in origination, structuring, placement, and management of transactions globally.

Tim has more than 25 years of experience in the global capital markets, having spent the previous five years focussing on generating financing options for FinTech origination in the trade receivables and payables space. In this newly created role at Blackstar Capital, he will be responsible for the design and execution of programmatic financial structures to back receivable and payable platforms. This capability aligns perfectly with the global drive to inject liquidity into the SME sector.

The appointment comes at a significant time for Blackstar’s growth. The company has evolved into a key partner for many corporates looking to optimise their working capital through alternative means, as banks focus on serving a narrowing band of

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Dunkin’ Brands Banks on Digitization, Comps Woes Linger

Dunkin’ Brands Group, Inc. DNKN is likely to benefit from increased focus on beverage portfolio, digital offerings and third-party delivery services. However, dismal comps along with high debt levels raise concerns.

Let us delve into factors highlighting why investors should hold on to the stock for the time being.

Key Catalysts

Dunkin’ Brands continues to focus on product launches to boost sales. With the demand for coffee expected to keep growing, the company is continuously adding new coffee beverages to the menu, both in the value and premium offering segment, like the Macchiato’s line of products and the recent — Cold Brew coffee. The company has already introduced ready-to-drink bottled iced coffee and Fruited Iced Teas, Dunkin’ Energy Punch powered by Monster Energy and frozen coffee last year.

It also continues to focus on digitization through DD card, DD mobile app, DD Perks rewards program, On-the-Go ordering and delivery. During

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Fed Designs Digital Currency for Debt Inflation and End of Commercial Banks

Fed Designs Digital Currency for Debt Inflation and End of Commercial Banks

Sept. 28, 2020 (EIRNS)—Cometh the hour, cometh the Fed helicopter. Cleveland Federal Reserve Bank President Loretta Mester gave a speech titled “Payments and the Pandemic” on Sept. 23 to the annual Chicago Payments Symposium—Federal Reserve Bank of Chicago, in which Mester was explicit that the Fed is in preparation for creating digital-currency bank accounts for individuals and businesses, and doing away with commercial banking. Mester was following up the Politico August interview of senior Fed economists Simon Potter and Sylvia Coronado who proposed that the Fed create “recession insurance bonds” and credit them digitally to the public in accounts at the Federal Reserve.

Mester said,

“The experience with pandemic emergency payments has brought forward an idea that was already gaining increased attention at central banks around the world, that is; central bank digital currency (CBDC)…. Legislation has proposed

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Synchrony Expands Arsenal of Digital Payment Technology Solutions for Partners; Provides Touchless Shopping Options for Customers

  • Synchrony’s investments in tools and technology are meeting the needs of partners and consumers by advancing secure, digital payment solutions to provide seamless, socially distant transactions.
  • Direct to Device is the latest tool in Synchrony’s arsenal of contactless payment options.
  • About 70 percent of Synchrony’s credit applications in the second quarter were completed digitally.

Synchrony, a premier consumer financial services company, is rapidly deploying digital technology solutions to help ensure a safe, seamless and socially distant experience for every stage of the payments process – applying for credit, completing the transaction, and paying a bill or servicing an account. Synchrony even has digital gifting technology for the holidays.

While the digital shopping transformation has been underway for several years, the pandemic has accelerated consumer demand to transact without touching cash, cards, or keypads – also known as contactless commerce. In a recent study, the overall usage of contactless payments rose

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Ant Bank launch marks another milestone for Ant Group’s expansion in Hong Kong ahead of mega listing



a person holding a sign: An Ant Bank staff holds up a smartphone showing the virtual bank app. Ant Bank is the virtual banking arm of Ant Group. Photo: Handout


An Ant Bank staff holds up a smartphone showing the virtual bank app. Ant Bank is the virtual banking arm of Ant Group. Photo: Handout

Ant Bank (Hong Kong), the virtual banking arm of Ant Group, on Monday became the sixth branchless lender to start operations in the city and said that it would partner with AlipayHK to tap its two million users to avail of its services.

The lender, which recently completed a three-month trial, is following in the footsteps of its peers by offering high interest rates to draw depositors. Ant Bank is offering a 2.5 per cent interest rate for deposits of up to HK$20,000 and 1 per cent for deposits between HK$20,001 and HK$500,000. Traditional lenders offer almost no interest on savings accounts.

Ant Group has previous experience in operating a virtual bank. It co-owns MYbank, one of the first virtual lenders in mainland China that

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Heritage Bank, PWC, Deloitte Canvass Use of Tech to Tackle Fraud & Rescind Effects of Covid-19

Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider has called on internal auditors of banks to adopt the various digital technologies to prevent fraud and annul the adverse impact of Covid-19 on the financial ecosystem.

Ifie Sekibo, managing director/CEO of Heritage Bank, speaking at the just concluded 47th Quarterly Meeting of the Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN), disclosed that for improved banking operations and safer financial system for stakeholders, internal auditors must be dynamic and quick to adopt various digital measures.

Raising the alarming impact of fraudulent activities in the banking sector, Sekibo quoted PricewaterhouseCoopers’ (PWC’s) Global Economic Crime and Fraud Survey 2020, revealing that that the total cost of cybercrimes is worth an eye-watering $42 billion, which was cash taken straight off companies’ bottom line, whilst 13% of those who had experienced fraud said they had lost $50 million-plus.

Sekibo, who spoke on

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Bandhan Bank names Rahul Parikh as Chief Marketing & Digital Officer

Bandhan Bank has appointed Rahul Parikh as Executive President and Chief Marketing & Digital Officer.

Parikh will be responsible for the Digital Banking Business P&L and for building a strong digital backbone to support the bank. He will lead the Marketing function of the Bank, which focusses on furthering brand equity by improving brand salience, customer experience, customer engagement and product marketing.

Parikh has a rich experience of 21 years spanning multiple strategic roles across financial services firms. He has extensive expertise in building and growing asset management and wealth management businesses across physical and digital. He comes to Bandhan Bank from Roots Ventures, where he was a Partner and responsible for driving AMC strategy, fund raising, supporting deal-making and investee company operations.

Previously, Parikh was the Chief Executive Officer at Bajaj Capital Ltd., where he transformed the organisation by building strong capabilities in areas of digital, marketing, technology, research

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Customers lead the digital banking transformation

Mashreq launched its fully digital bank, Neo, in 2017. Its head, Sridhar Iyer says that there were three important reasons behind the decision. Firstly, he points to the fact that the UAE has one of the highest penetrations of smartphone and internet in the world. In addition he says that the country’s residents are very comfortable and familiar with digital .

“If you look at the population of the UAE, more than 80 per cent are expats. They tend to be in regular touch with their friends and families abroad through a range of social media platforms such as Whatsapp and BOTIM .”

The digital infrastructure in this country is advanced and is amongst the best in the world.

– Sridhar Iyer, Head of Mashreq Neo

And finally, Iyer says that the UAE’s advanced infrastructure has created an environment that is very conducive to a digital bank.

“The digital infrastructure

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