Northview Canadian High Yield Residential Fund Virtually Opens The Market

Canada NewsWire

TORONTO, Nov. 19, 2020 /CNW/ – Todd Cook, Chief Executive Officer, Northview Canadian High Yield Residential Fund (“Northview Fund”) (TSX: NHF.UN) and his team joined Graham Mackenzie, Head, Exchange Traded Products, TMX Group to celebrate the Fund’s new listing on Toronto Stock Exchange and open the market.

Northview Fund has been formed to provide investors with an attractive investment opportunity to participate in a geographically diverse portfolio of income-producing multi-residential suites, commercial real estate and execusuites located in Canadian secondary markets in British Columbia, Alberta, Saskatchewan, Québec, New Brunswick, Newfoundland and Labrador, the Northwest Territories and Nunavut.  The Fund provides investors with exposure to the Canadian multi-residential sector, which it believes exhibit compelling investment characteristics, the ability to generate consistent cash flows, and a defensive positioning against economic cycle downturns. For more information visit:  https://www.northviewfund.com/


For Market Openings:

 Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the TOC. To pick up the feed via the Dejero network, please contact [email protected]. The client feature video will begin playing on the TMX media wall at approximately 9:27 a.m. ET and the markets will open with the sound of a siren at 9:30 a.m. ET

Date:   Thursday, November 19, 2020

Time:   9:00am – 9:30am

Place:  Virtually Broadcast

SOURCE TMX Group Limited

Air Products Declares Quarterly Dividend

PR Newswire

LEHIGH VALLEY, Pa., Nov. 19, 2020 /PRNewswire/ — The Board of Directors of Air Products (NYSE:APD) today declared a quarterly dividend of $1.34 per share of common stock. The dividend is payable on February 8, 2021 to shareholders of record at the close of business on January 4, 2021. 

About Air Products

Air Products (NYSE:APD) is a world-leading industrial gases company in operation for 80 years. Focused on serving energy, environment and emerging markets, the Company provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is also the global leader in the supply of liquefied natural gas process technology and equipment. The Company develops, engineers, builds, owns and operates some of the world’s largest industrial gas projects, including: gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals; carbon capture projects; and world-scale carbon-free hydrogen projects supporting global transportation and the energy transition.

The Company had fiscal 2020 sales of $8.9 billion from operations in 50 countries and has a current market capitalization of about $60 billion. More than 19,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products’ higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities, and the world. For more information, visit www.airproducts.com or follow us on LinkedIn, Twitter, Facebook or Instagram.  

 

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SOURCE Air Products

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Bayerische Motoren Werke Aktiengesellschaft (BMWYY) Investors

Shareholders with $100,000 losses or more are encouraged to contact the firm

PR Newswire

LOS ANGELES, Nov. 19, 2020 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Bayerische Motoren Werke Aktiengesellschaft (“BMW” or the “Company”) (OTC: BMWYY) securities between November 3, 2015 and September 24, 2020, inclusive (the “Class Period”). BMW investors have until December 28, 2020 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On December 23, 2019, The Wall Street Journal reported that the U.S. Securities and Exchange Commission (“SEC”) was investigating whether BMW engaged in “sales punching,” a practice in which “a company boosts sales figures by having dealers register cars as sold when the vehicles actually are still standing on car lots.”

On this news, the price of BMW’s American Depositary Receipts (“ADRs”) fell $1.33, or nearly 7%, to close at $18.02 per ADR on December 23, 2019, thereby damaging investors.

On September 24, 2020, the SEC announced an $18 million settlement agreement with BMW regarding the investigation. According to the SEC’s order, from January 2015 to March 2017, the Company had “used its demonstrator and service loaner programs to boost reported retail sales volume and meet internal targets.” It also stated that from 2015 to 2019, BMW kept a reserve of unreported retail vehicle sales, which is used to meet internal monthly sales targets regardless of when the actual sale occurred.

On this news, BMW’s ADR price fell $0.51, or about 2%, to close at $23.07 per ADR on September 25, 2020, thereby damaging investors further.

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) BMW kept a “bank” of retail vehicle sales that it used to meet internal monthly sales targets regardless of when the sales actually occurred; (2) BMW artificially manipulated sales figures by having dealers register cars as sold when the cars were still in inventory; (3) as a result, BMW’s key operating metrics were inaccurate and misleading; and (4) as a result, Defendants’ statements about BMW’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased BMW securities during the Class Period, you may move the Court no later than December 28, 2020to ask the Court to appoint you as lead plaintiff.  To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.  If you purchased BMW securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com.  If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

www.frankcruzlaw.com


 

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles

CynergisTek Launches New Service to Better Manage Risk of APIs and Navigate New Interoperability Rules

CynergisTek Launches New Service to Better Manage Risk of APIs and Navigate New Interoperability Rules

API Sentry servicehelps healthcare organizations understand and mitigate risks related to how data is shared through APIs

AUSTIN, Texas–(BUSINESS WIRE)–CynergisTek, Inc. (NYSE AMERICAN: CTEK), a leader in information security, privacy, and compliance, today announced the launch of their API Sentry service, developed specifically for healthcare organizations to manage the risks associated with the use of APIs within their environment. CynergisTek’s API Sentry service is powered by APIsec.ai, which leverages unique technology to facilitate ongoing testing and identifies security vulnerabilities, business logic flaws, and access control issues that can lead to a loss of sensitive data.

Organizations have rapidly adopted APIs to accelerate the secure exchange of electronic health records, and market research has linked the uptick of API use in healthcare to growing use of apps and wearables prescribed by medical providers and remote patient monitoring. However, using these technical building blocks doesn’t come without risk: APIs now account for 40 percent of the overall attack-area for web-enabled apps.

“Streamlining the use of APIs has never been more important as it lays the foundation for better interoperability between applications, but also increases the attack surface for hackers,” said Ben Denkers, senior vice president of security and privacy services at CynergisTek. “Hospitals are becoming more forward-thinking when it comes to data sharing and ushering in technological innovation, but they also need to be smart about preventing breaches. Our API Sentry service helps healthcare organizations detect and remediate vulnerabilities created by the increased use of APIs to accelerate enhanced interoperability of records and data.”

Interoperability is not an option, new regulations from the U.S. Department of Health and Human Services set requirements for data sharing, ensuring that patients’ data is accessible through third-party applications. CynergisTek’s API Sentry service helps ensure sensitive patient data accessed via APIs is safe and secure – providing readable data and actionable results by adding an intelligence layer and perspective on what a healthcare organization needs to identify risk and to rectify or accept it.

With API Sentry service, healthcare organizations will have access to the CynergisTek Reporting Dashboard to track and manage both identified vulnerabilities and associated remediation efforts. Organizations will also receive an API Sentry Report, which will offer key insights on vulnerabilities, identify risk, provide remediation guidance, and strategic, tactical actions for stakeholders to drive policy and for IT staff, network administration and developers to drive technical remediation efforts.

For more information visit CynergisTek’s API Sentry service information page.

About APIsec, Inc.

APIsec brings comprehensive security to any API, automatically discovering security zero-day vulnerabilities, business logic faults, and RBAC issues. With no tuning or training, APIsec automatically creates and runs thousands of attack scenarios against APIs, filing issues with ticketing systems, and producing compliance-ready pen-test reports. APIsec integrates with API gateways and platforms, and with CI/CD frameworks to automatically test new code in real-time. APIsec makes pen-testing automated, continuous, and comprehensive, providing critical visibility into application vulnerabilities before production. Learn more at www.apisec.ai

About CynergisTek, Inc.

CynergisTek is a top-ranked cybersecurity firm dedicated to serving the information assurance needs of the healthcare industry. CynergisTek offers specialized services and solutions to help organizations achieve privacy, security, and compliance goals. Since 2004, the company has served as a partner to hundreds of healthcare organizations and is dedicated to supporting and educating the industry by contributing to relevant industry associations. The company has been recognized by KLAS as a top-performing firm in healthcare cybersecurity and was awarded the 2019 Top Healthcare Cybersecurity Consultants in Black Book IT Advisory Outcomes Survey.

Media Contact:

Carrie Mulcahy

VP, Marketing

(949) 310-2548

[email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Technology Hospitals Consulting Security Other Technology Professional Services Practice Management Health Data Management

MEDIA:

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State Street Appoints Rick Lacaille to Newly-Created Role of Senior Investment Advisor to Lead Company-Wide ESG Program

State Street Appoints Rick Lacaille to Newly-Created Role of Senior Investment Advisor to Lead Company-Wide ESG Program

Lori Heinel Promoted to Global Chief Investment Officer of State Street Global Advisors

BOSTON–(BUSINESS WIRE)–
State Street Corporation (NYSE: STT) today announced that it has appointed Richard F. Lacaille to the newly-created role of senior investment advisor and has promoted Lori Heinel to global chief investment officer for State Street Global Advisors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201119005406/en/

Rick Lacaille (Photo: Business Wire)

Rick Lacaille (Photo: Business Wire)

In his new role, Lacaille will provide enterprise-wide leadership of the company’s Environmental, Social and Governance (ESG) solutions, services and thought leadership across all of State Street’s businesses. Lacaille will report to Ronald O’Hanley, chairman and chief executive officer of State Street Corporation.

For many years, State Street has been at the forefront of innovation across its businesses, developing best-in-class ESG capabilities including reporting and analytics tools, premier academic research, and investment solutions and products. With client demand for ESG servicing, guidance and investment solutions continuing to increase, Lacaille will ensure State Street’s ESG efforts and strategies are well-coordinated and optimized to serve clients’ evolving needs.

“With more than two decades of leadership at State Street Global Advisors and his role as chair of State Street’s executive corporate responsibility committee, Rick is absolutely the right leader to take our firm’s ESG efforts to the next level,” said O’Hanley. “We believe ESG considerations drive long-term value for investors, and will only become increasingly more important as drivers of return and risk. Rick and his team have developed innovative strategies to help thousands of institutions and intermediaries world-wide and the millions of people they serve. His background, combined with his holistic view of our strategy and strong client focus, ideally positions him for this new role.”

Lori Heinel, who joined State Street Global Advisors in 2014 as chief portfolio strategist and has served as deputy global chief investment officer since 2016, will assume the role of global chief investment officer. She has been a driving force for a number of key initiatives across the business including implementing consideration of financially material ESG issues throughout the investment process. In her role, Heinel will oversee the full spectrum of industry-leading investment capabilities from index funds and ETFs to active, multi-asset class solutions and alternative investments. She will lead an investment team of more than 600 professionals globally. Heinel will report to Cyrus Taraporevala, president and chief executive officer of State Street Global Advisors.

“Lori taking the reins as global chief investment officer will bring to fruition years of succession planning,” said Taraporevala. “Lori is a change leader who I believe is strongly positioned to lead State Street Global Advisors’ Investments team, as we continue the investment innovation which has been a hallmark of our strategy for decades.”

“Lori and I have worked closely together for the past six years and her investment expertise coupled with her exceptional client-driven perspectives, will enable her to deliver solutions to meet a diverse array of client needs,” said Lacaille. “With her keen understanding of the role ESG plays in portfolios, I know she’ll continue to be a great partner to me in my expanded company-wide role as we build on the great strides we’ve made to advance the ESG conversation.”

“I look forward to continuing to partner with Rick as State Street takes the next steps on its ESG journey under his leadership,” added Heinel. “In taking on the role of global chief investment officer, I’m energized by the strong team we’ve built and its well-deserved reputation for combining investment expertise with client service. I look forward to leading the charge to help our clients navigate markets in search of successful investment outcomes.”

Lacaille and Heinel will assume their respective new roles by March 31, 2021 after a careful and deliberate transition.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $36.6 trillion in assets under custody and/or administration and $3.1 trillion* in assets under management as of September 30, 2020, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street’s website at www.statestreet.com.

*Assets under management as of September 30, 2020 includes approximately $81 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

© 2020 State Street Corporation – All Rights Reserved

3337811.1.1.GBL.RTL

Olivia Offner

[email protected]

+16176620198

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Lori Heinel (Photo: Business Wire)
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Rick Lacaille (Photo: Business Wire)

Thinking about buying stock in Sundial Growers, HL Acquisitions, Intel Corp, Titan Pharmaceuticals, or Nokia?

PR Newswire

NEW YORK, Nov. 19, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for SNDL, HCCH, INTC, TTNP, and NOK.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

 

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SOURCE InvestorsObserver

RETA ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against Reata Pharmaceuticals, Inc. – RETA; IMPORTANT DEADLINE – RETA

NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) — Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Reata Pharmaceuticals, Inc. (NASDAQ: RETA) from October 15, 2019 through August 7, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Reata Pharmaceuticals, Inc. investors under the federal securities laws.

To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:  (1) the MOXIe Part 2 study results were insufficient to support a single study marketing approval of omaveloxolone for the treatment of Friedreich’s ataxia (“FA”) in the U.S. without additional evidence; (2) as a result, it was foreseeably likely that the FDA would not accept marketing approval of omaveloxolone for the treatment of FA in the U.S. based on the MOXIe Part 2 study results; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than December 14, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.

Pawar Law Group represents investors from around the world. Attorney advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
——————————-

Contact:  
Vik Pawar, Esq.  
Pawar Law Group  
20 Vesey Street, Suite 1410  
New York, NY 10007  
Tel: (917) 261-2277  
Fax: (212) 571-0938  
[email protected]  



Valvoline Instant Oil Change Partners With American Cancer Society Raising Over $69,400 To Fight Cancer

PR Newswire

NEWTON, Mass., Nov. 19, 2020 /PRNewswire/ — During October, participating Valvoline Instant Oil Change SM (VIOC) locations raised over $54,300 by offering customers the opportunity to help raise needed dollars to support American Cancer Society (ACS) and its Road To Recovery program. The program transports cancer patients to potentially life-saving treatment appointments. For an even bigger impact, customers could download a coupon from ValvolineFightsCancer.com and for every coupon redeemed, VIOC donated an additional five dollars to ACS. This initiative raised another $15,110 for the American Cancer Society making the campaign total over $69,400. To date, Valvoline Instant Oil Change has helped contribute over $180,000 to the ACS.

“The generosity of the communities we serve amazes me as we’ve now raised over $180,000 to help this life-changing organ”

The campaign, “DON’T PUT IT OFF!”, was driven by reports showing that due to the pandemic 46% fewer patients were being diagnosed with cancer. Meaning many cancers wouldn’t be discovered until their advanced stages when they are more difficult to treat. In support of ACS, VIOC reminded everyone that just like maintaining fluids in their vehicle prevents major repairs, getting recommended cancer screenings does the same for their body.

“We are excited to have partnered with ACS these past four years,” said Don Smith, CEO of Henley Enterprises, Inc., VIOC’s largest franchisee. “The generosity of the communities we serve amazes me as we’ve now raised over $180,000 to help this life-changing organization.”

Visit www.ValvolineFightsCancer.com for more information.

About Valvoline™

Valvoline Inc. (NYSE: VVV) is a leading worldwide marketer and supplier of premium branded lubricants and automotive services, with sales in more than 140 countries. It operates and franchises approximately 1,400 quick-lube locations, and is the No. 2 chain by number of stores in the United States under the Valvoline Instant Oil ChangeSM brand. To learn more, visit www.valvoline.com.

About Henley Enterprises, Inc.

Founded in 1989, Henley Enterprises, Inc. is the largest Valvoline Instant Oil Change franchisee. They operate more than 200 quick-lube service centers in 11 states including: California, Delaware, Florida, Louisiana, Massachusetts, Maryland, New Hampshire, New Jersey, Pennsylvania, Rhode Island and Virginia.

About the American Cancer Society

The American Cancer Society is a global grassroots force of 1.5 million volunteers dedicated to saving lives, celebrating lives, and leading the fight for a world without cancer. From breakthrough research, to free lodging near treatment, a 24/7/365 live helpline, free rides to treatment, and convening powerful activists to create awareness and impact, the Society is the only organization attacking cancer from every angle. For more information go to www.cancer.org.

FOR FURTHER INFORMATION

Valvoline Instant Oil Change           


Cindy Hudson


[email protected]                                                                                                                                                      

American Cancer Society


Kari Dahlstrom


[email protected]

(206) 919.4497

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SOURCE Henley Enterprises, Inc.

Cannabis Sales Expected to Reach Approximately $270M Over Thanksgiving Weekend

PR Newswire

DENVER, Nov. 19, 2020 /PRNewswire/ — New business intelligence from Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), anticipates a 78% increase over average daily sales for 2020 during the Thanksgiving weekend (11/25 – 11/28), totaling approximately $270 million.

“On average, Thanksgiving tends to be one of the Top 5 sales holidays of the year, and we expect that trend to continue this year,” said James Ahrendt, Business Intelligence Architect, Akerna. “In the past, we’ve seen huge spikes in sales on Wednesday and Friday since most dispensaries are closed on Thursdays.”

Akerna anticipates that the average order total will be around $82.30 for adult-use customers and $128.46 for medical consumers, representing an increase of approximately $13 compared to the average order total on any other given day of the year.

Additional Thanksgiving Holiday Predictions:

Sales by product type:

  • Flower – 42%
  • Cartridge/Pens – 37%
  • Concentrates – 11%
  • Infused Edibles – 8%
  • Other – 2%

Sales by Gender

  • Male – 64%
  • Female – 36%

Sales by age group:

  • Under 30 – 28%
  • 30-40 –30%
  • 40-50 – 19%
  • 50-60 –12%
  • Over 60 – 11%

About MJ Freeway

MJ Freeway is more than software as a service. Its flagship solution, MJ Platform, includes Platform Insights. Now operators, investors, and regulators can access the industry’s largest and most statistically relevant database to drive data-driven business decisions.

Platform Insights provides:

  • The greatest statistical relevance across countries
  • Normalized data (not farmed from various disparate POS platforms)
  • Full cannabis supply chain data
  • Business insights founded in category management methodology

Platform Insights can eliminate the guesswork and provide answers to questions like:

  • What is the gross margin return on inventory?
  • What SKUs should be carried?
  • How do basket adjacencies influence discounting and retention strategies?
  • What does a medical market look like a year or five years after decriminalizing cannabis?


Click here
 for more information about MJ Platform.

About Akerna:

Akerna (Nasdaq: KERN) is an enterprise software company focused on compliantly serving the cannabis, hemp, and CBD industry. First launched in 2010, Akerna has tracked more than $20 billion in cannabis sales to date and is the first cannabis software company listed on Nasdaq. The Company’s cornerstone technology, MJ Platform, the world’s leading infrastructure as a service platform powers retailers, manufacturers, brands, distributors, and cultivators.

For more information, visit https://www.akerna.com/ 

About the Akerna Flash Report:

Flash Report is a look at buying trends in the cannabis market as captured by Akerna’s MJ Freeway subsidiary. MJ Freeway provides operators with MJ Platform, the industry-leading solution for regulatory compliance technology, from seed-to-sale-to-self. Some instances of the flash report may include business intelligence derived from Akerna’s family of companies, including Ample Organics, Leaf Data Systems, solo sciences, and Trellis.

**Data is derived from MJ Platform, the leading provider of cannabis compliance software for the marijuana industry. Reporting Data is obtained from operators using Akerna’s MJ Platform solutions. Increases are relative to the prior period. Additional business intelligence data sources may include proprietary tools used by Akerna’s family of companies.

Forward-Looking Statements:

Certain statements made in this release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. Such forward-looking statements include but are not limited to statements regarding the ability of the MJ Platform team to help operators make decisions through analytics and reporting. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of significant known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside Akerna’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others that may affect actual results or outcomes, include (i) Akerna’s ability to maintain relationships with customers and suppliers and retain its management and key employees, (ii) changes in applicable laws or regulations, (iii) changes in the market place due to the coronavirus pandemic or other market factors, (iv) and other risks and uncertainties disclosed from time to time in Akerna’s filings with the U.S. Securities and Exchange Commission, including those under “Risk Factors” therein.  You are cautioned not to place undue reliance on forward-looking statements. All information herein speaks only as of the date hereof, in the case of information about Akerna, or the date of such information, in the case of information from persons other than Akerna. Akerna undertakes no duty to update or revise the information contained herein. Forecasts and estimates regarding Akerna’s industry and end markets are based on sources believed to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

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SOURCE Akerna

Temenos Recognized as a Market Leader in Omdia’s Digital Banking Platform Report

Temenos Recognized as a Market Leader in Omdia’s Digital Banking Platform Report

  • Omdia gives Temenos Infinity top scores for product experience and solution innovation
  • SaaS-based Temenos Infinity named market-leading digital platform based on its combination of market impact, solution capabilities, and customer experience
  • Based on the report, Temenos is one of the vendors with the strongest market presence – Temenos Infinity is now used by over 650 banks helping them transform customer experience and increase digital revenues by up to 5x

GENEVA–(BUSINESS WIRE)–
Temenos (SIX: TEMN), the banking software company, today announced that Omdia, a leading technology analyst and consulting firm, recognized Temenos as a market leader in the report “Omdia Universe – Selecting a Digital banking Platform” based on its combination of market impact, solution capabilities, and customer experience. Temenos Infinity digital banking platform gained the top scores for product experience and solution innovation. Download the report here.

In Omdia’s report, Temenos Infinity, the market-leading SaaS omnichannel digital banking product, scored consistently well in all areas thanks to an all-inclusive platform that can be adapted for all types of bank or geography. Omdia stated that customers praised the usability of the platform and the fact that business benefits were above expectations after implementation. Temenos is also acknowledged in the report as having one of the strongest market presence of all vendors.

Temenos has seen accelerated demand for Temenos Infinity across challengers and incumbent banks. The company has invested over US$1 billion in the last few years to acquire leading US-based SaaS companies Kony and Avoka and accelerate its digital banking capabilities.

Omdia’s report highlights that Temenos has fully integrated its acquisitions of Kony and Avoka into the Temenos Infinity platform. This has enabled Temenos to showcase its full capabilities, including onboarding, AI-led decision-making, and employee empowerment. Temenos Infinity offers an optimized digital banking experience, which Omdia states is integral to the future success or, possibly, survival of a bank.

Max Chuard, Chief Executive Officer, Temenos said: “We are proud to be recognized as a leader by Omdia. This is a testament to the innovation of our digital banking platform and our growing investment in people and in R&D over the last few years. We are seeing great customer demand for digital banking delivered as SaaS and we expect this trend to continue. We help banks of all tiers and all sizes from tier ones, to credit unions to challenger banks transform their digital customer experience and deliver more value to their customers.”

Philip Benton, Senior Analyst, Omdia, said: “Infinity has an impressive array of analytics tools at its disposal, with the platform designed for hyper-personalization. Temenos’ strengths lie in providing an excellent user experience, for both business and end users, and an impressive product roadmap that aligns well with future market trends.”

Temenos has a global customer base with more than 650 financial institutions using Temenos Infinity including HSBC, Regions and BlueShore to name but a few. Temenos addresses banks of all tiers. According to Omdia, the integration of Kony’s capabilities enable the platform to meet the more complex and partner-based requirements of top-tier banks.

Temenos Infinity helps banks succeed in the New Normal. It drives exceptional, personal customer experiences by combining digital technology with a human touch. With its advanced analytics, it drives customer acquisition and digital banking engagement, enabling financial institutions to increase digital revenues 5x and cut customer onboarding time by 75%. Financial institutions that use Temenos Infinity report a 20% higher Net Promoter Score.

– Ends –

About Temenos

Temenos AG (SIX: TEMN) is the world’s leader in banking software. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process both the daily transactions and client interactions of more than 1.2 billion banking customers. Temenos offers cloud-native, cloud-agnostic and AI-driven front office, core banking, payments and fund administration software enabling banks to deliver frictionless, omnichannel customer experiences and gain operational excellence.

Temenos software is proven to enable its top-performing clients to achieve cost-income ratios of 26.8% half the industry average and returns on equity of 29%, three times the industry average. These clients also invest 51% of their IT budget on growth and innovation versus maintenance, which is double the industry average, proving the banks’ IT investment is adding tangible value to their business.

For more information, please visit www.temenos.com.

Media Contacts

Jessica Wolfe & Scott Rowe

Temenos Global Public Relations

Tel: +1 610 232 2793 & +44 20 7423 3857

Email : [email protected]

Alistair Kellie & Andrew Adie

Newgate Communications on behalf of Temenos

Tel: +44 20 7680 6550

Email: [email protected]

KEYWORDS: Switzerland Europe

INDUSTRY KEYWORDS: Professional Services Data Management Technology Software Consulting Banking

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