Tag Archives: startups

TABS Score™ adds TABS | EU Assessment to their Diligence-as-a-Service (#DaaS) platform

MOUNTAIN VIEW, Calif., United States, 20-Jul-2020 — /EPR FINANCIAL NEWS/ — TABS Score™Â has just deployed their newest addition to the suite of products available on their Diligence-as-a-Service (DaaS) platform – TABS | EU Assessment, (available in both Lite and Suite versions). The rollout was strategically timed to complement the rapidly increasing requests by TABS’ existing European (and those that focus on Europe as a market) customers, as there are quite a few differences in terms of rules, processes, and regulations that European ventures face differently than US-based startups. The new model entails the addition of several nested decision trees to augment the already-powerful nucleus of the Machine Learning algorithm, as well as a new ESG, regulatory, and analytics sections to properly address the differences between American and European resources, financing, policies, accounting practices and more. The EU version of the Assessment will mirror the US Assessment in functionality and output but will provide comparative analytics between them and their counterparts on the global market and allow companies to complete the Assessment in a language of their preference.

Mayflower Ventures, a micro-fund being formed by Wall Street Veteran Marshall Sterman, has already made the decision to integrate a Diligence-as-a-Service as part of their investment process which pitching to investors for the fund.

“Both the committed and prospective LPs love the fact that instead of asking for higher management fees to hire an analyst team in house, we are making smart lateral decisions to use a powerful software like TABS to strengthen and accompany our own internal diligence processes,” Sterman says.

As TABS expands to Europe and subsequently, their footprint across the globe, they will soon be modifying the assessment to meet the needs of ventures in other venture hotspots as well, the APAC region being the first. The comprehensiveness and ever-evolving nature of the TABS Score and its customizable solutions has made the Fin-Tech company one of the most sought-after Diligence-as-a-Service providers, with accolades coming from founders, investors, accelerators, and consultants (legal, accounting, fundraising, etc.)

TABS has already gained significant traction in the US markets, partially attributable to the Covid-19 virus and the cancellations of physical meetings. Engineered by successful serial entrepreneurs and veteran seed investors, the TABS Suite, which includes the TABS Score & Valuation assessment, has helped investors assess the viability of a business, significantly augmenting their diligence process in a fraction of the time and cost. Early-stage companies on the other hand increase the probability of attracting the attention of a potential investor by proactively going through the process.

SOURCE: EuropaWire

Worldcore: 15 countries where you may encounter problems with cryptocurrency transactions or mining

PRAGUE, Czech Republic, May-10-2018 — /EuropaWire/ — 2018-2019 may be called the era of cryptocurrency regulation. After we’ve followed ICO success stories in 2016-2017, in the next 1.5-2 years we will observe various countries bringing cryptocurrencies and related processes, such as ICOs and smart contracts, out into the legislative framework.

Worldcore international company has comprised a rating of countries according to the stringency of their cryptocurrency regulations. It starts with the countries where cryptocurrencies are entirely banned, followed by those states where cryptocurrency circulation is not merely significantly restricted, but also criminalized in the framework of the national financial legislation.

Thus, there are currently four countries in the world where residents may end up in prison for several years for any cryptocurrency transactions.

  1. Nepal
  2. Bolivia
  3. Bangladesh
  4. Algeria, a recent addition to the list.

Besides the countries with criminalized cryptocurrency trade and ownership, there are numerous countries where a national ban has been imposed on specific types of cryptocurrency transactions. The degree of regulation in this sphere varies notably — from a ban on using cryptocurrency as legal tender (common in countries that have not legalized free cryptocurrency circulation) and to a complete ban on exchanges and ICOs in China (which enterprising Chinese enthusiasts forego by launching hard forks of popular currencies as ICOs and trading on foreign exchanges). Here’s a list of these states:

  1. China (ban on ICO, buying and selling cryptocurrency, advertising)
  2. India (since April 2018, the Central Bank of India has forbidden buying or selling cryptocurrency; cryptocurrency also isn’t recognized as legal tender)
  3. Russia (when cryptocurrency market regulation legislative proposal comes into effect, it will limit the legal annual transaction volume to 50,000 rubles for unqualified investors; allow purchase and sale exclusively on registered national platforms, provide for full participant de-anonymization; mining will be considered an entrepreneurial activity with mandatory sale of the mined assets on national exchanges; cryptocurrency/crypto-token will be recognized as a digital asset, but not legal tender). Cryptocurrency advertising is forbidden on certain platforms (i.e. Yandex).
  4. Vietnam (stringent national anti-money laundering regulations; gradual legalization is planned starting in August 2018)
  5. Indonesia (a ban on purchase and sale of cryptocurrency)
  6. Thailand (in February 2018, the Central Bank of Thailand has forbidden five key transactions with cryptocurrencies to financial institutions: investment, trading, establishment of cryptocurrency platforms, using credit and debit cards to purchase currency and consulting people on cryptocurrency investments).
  7. Kyrgyzstan (cryptocurrency is not recognized as legal tender, liberalization of regulations is currently under consideration)
  8. Ecuador
  9. Iceland (under the umbrella prohibitive currency regulation)
  10. Morocco
  11. Malaysia

“In the countries that have restricted cryptocurrency circulation and mining, it primarily involves cryptocurrency as a digital asset coming under the restrictions of investment or money laundering regulations. Perhaps, these states will address the issue of cryptocurrency regulation later, when the more developed countries establish adequate legislation and provide positive examples of regulation and taxation. Another aspect of the ban, i.e. in China or Ecuador, is the clearing out of the competition prior to launching a national cryptocurrency. Many countries today are implementing a partial, rather than a full ban on cryptocurrency. In case of cryptocurrencies, governments understand that it is impossible to ban them entirely. With regard to the globalization of economy and  distributed registry technologies, which form the foundation for cryptocurrencies, a complete ban will lead not only to the migration of financial assets and mining farms out of the country, but also to the departure of startups outside the country’s jurisdiction, startups that could have become taxpayers in the presence of supportive regulations,” believes Alexey Nasonov, the founder and CEO of Worldcore.

SOURCE: EuropaWire

New decentralized network protocol on the blockchain for regulatory compliant investment in SMEs, startups & real estate

VIENNA, Austria, Apr-11-2018 — /EuropaWire/ — In early April, CONDA entered the next phase of its ICO. Together with experts from project partner RIAT (The Institute for Future Cryptoeconomics), the team is now in the midst of developing the CRWD Network (pronounced Crowd Network), which requires its own cryptocurrency, the CRWD Token. By joining the whitelisting phase, all interested parties now have the opportunity to register before the official start of the Crowd-Sale on June 6, 2018, avoiding longer wait times and ensuring that they will not miss the ICO.

Crowdfinancing within a decentralized network protocol

The CRWD Network is a decentralized network protocol on the blockchain, providing regulatory-compliant investment in SMEs, startups and real estate projects. Any platform on the network can take advantage of the benefits of the CRWD network. As a result, CONDA is setting new standards across Europe: companies use the network protocol, supported by various crowdfunding platforms, to issue tokenized private equity instruments (e.g. company shares, subordinated loans, etc.). This solves a widespread problem of the current crypto scene: the need for financial products to operate within a legally-compliant framework.

CRWD Network Advantages

  • For SMEs, startups, and real estate projects:
    • Standardized solutions for the creation and management of “tokenized” private equity instruments (both proprietary and mezzanine instruments)
    • Easy and fast payouts with the touch of a button
    • 100% legally-compliant: the network complies with the prevailing legal regulations in each country
  • For crowdfinancing platforms:
    • Standardized and legally-compliant infrastructure
    • The ability to share resources, contracts, communities, etc. and to reach a larger crowd
    • Increased automation via smart contracts
  • For investors:
    • Investments are easier to transfer and trade
    • Transparency & traceability
    • Secure transactions
    • Easy & fast access to investment opportunities in a large network

5 years ago, CONDA started as a crowdinvesting platform, transformed into a crowdfinancing platform and is now ready for its next phase: the CRWD Network. A decentralized, regulatory-compliant crowdfinancing infrastructure protocol forms the basis of all transactions within the network. The CRWD Token is required for all CONDA business services and fees. Investments may continue to be made in the national currency (e.g. EUR).

All information regarding the ICO can be found at https://ico.conda.online

SOURCE: EuropaWire

Expanding Insurance News, Web Trends Website Announced at ClaudePenland.com

A rapidly growing insurance news and web trends website was recently created and launched at ClaudePenland.com. This six-month-old website was conceived by Claude Penland, an established casualty actuary with twenty years of industry experience.

Claude writes at least six times a day on the international business issues that he explores daily. These global topics include insurance news (4InsuranceNews.com), insurance startup companies (InsuranceStartups.com), insurance mergers and acquisitions (WhoBoughtWho.com), insurance trends (InsTrends.com), reinsurance news and trends (ReinsuranceTrends.com), web startups (1000Startups.com), web trends (WebTrendInfo.com), web development, pension risk (PensionRiskNews.com), catastrophe risk (CatRisky.com), Solvency II European insurance regulations (SolvencyDeux.com), Takaful (TakafulMe.com), predictive analytics (PredNews.com), risk management (TheRiskNews.com), odd business ideas (OddBusinessIdeas.com), plus finance and investment.

New topics are frequently added to ClaudePenland.com and there is an interesting quote posted every Friday (FridaysQuote.com). 27 separate RSS news feeds are offered.

On ClaudePenland.com/multimedia, informative PowerPoint presentations and YouTube videos authored by Claude Penland are often featured. These include diverse presentations on worldwide topics such as catastrophe risk trends, actuarial news, predictive analytics, the China/Hong Kong insurance markets, reinsurance, social networking startups trends, Solvency II European insurance regulations, Europe’s insurance markets, insurance startups, Bermuda’s insurance market, executive recruitment, the Takaful market, web trends, India’s insurance market, job hunting and technology, web development, insurance mergers and acquisitions, as well as pension risk trends.

All presentations are free to download and share. Claude’s “40 Web Trends for 2011” presentation was recommended highly recently at ClaudePenland.com/recommendations.

At ClaudePenland.com/salary-surveys, compensation surveys are provided pertaining to insurance and reinsurance C-level executives. These surveys were generated from publicly-available U.S. Securities and Exchange Commission (SEC) filings. They include property and casualty insurance (CasualtySalarySurvey.com), life insurance (LifeSalarySurvey.com), health insurance (HealthSalarySurvey.com), and also property and casualty reinsurance (ReinsuranceSalarySurvey.com).

Via EPR Network
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