Category: upgypqbj

Short-term variation in the winter diet of Gentoo penguins Pygoscelis papua at South Georgia during July 1989

first_imgDuring winter 1989 at South Georgia, gentoo penguins showed a very rapid change in diet over a 10-day period. On 11-12 July, food samples were of low masses (150g) and had a high proportion of fish prey (75%) and of heavily digested material (33%). On 21-22 July, samples had higher masses (485g), consisted predominantly of crustacean prey (99%) and had little, heavily digested material (2%). Antarctic krill Euphausia superba was the most abundant crustacean species, forming 80% and 99% by number of individuals in the two sample periods. Data on winter diet are also compared over three years (1987-89). There was close similarity, between years, in the mass and composition of the two “alternative’ diets: low-mass, fish-dominated and high-mass, krill-dominated diets, but there was no consistent pattern in the seasonal occurrence of these changes in diet between years. The change in diet may reflect short-term, local decreases in availability of krill in the inshore waters.last_img read more


May 9, 2021 0

Vectren And Ivy Tech Community College Partner To Offer Degree Program To Employees

first_img Vectren, a CenterPoint Energy company, and Ivy Tech Community College, have partnered to offer the Achieve Your Degree program, which will allow lineworkers and natural gas construction workers employed by Vectren the opportunity to earn college credentials, as well as an Associate of Applied Science degree through a combination of apprenticeship/on-the-job training and Ivy Tech coursework. Required on-the-job training will be assigned course credit and count as credit hours toward the degree.“We are proud to partner with Ivy Tech Community College to allow our lineworkers and gas apprentices the opportunity to further their education and obtain an associate degree, while developing their skills in their field of work,” said J.D. Street, director of technical training at Vectren. “Vectren values its employees and supports a path toward personal and professional development.”Sue Ellspermann, president of Ivy Tech Community College, said, “Ivy Tech is honored to serve Vectren and its employees with our Achieve Your Degree program. Our goal with this program is to help Vectren employees earn degrees and credentials.”Lineworkers and natural gas construction workers working for Vectren will have the opportunity to earn an interdisciplinary certificate, technical certificate and ultimately an Energy Technology Associate of Applied Science degree by completing relevant coursework along with their on-the-job training. To prevent some of the barriers that may come with completing a degree while working full-time, employees may complete coursework while carrying out their apprenticeship/on-the-job training. Several of the classes can be taken in an online format. Through Ivy Tech’s Achieve Your Degree initiative, billing of tuition and some fees are deferred until the end of the semester when Vectren’s tuition reimbursement will take effect.“Vectren’s commitment to its employees is outstanding,” said Kelly Cozart, interim chancellor of Ivy Tech Evansville campus. “It was important to the company that lineworkers and gas construction workers had the opportunity to earn college credentials as they complete each portion of their training. We are so pleased to be able to offer this opportunity to these individuals and look forward to seeing the program grow.”Those employees who have already completed qualified training, up to five years prior, will have course credits retroactively credited to them to count toward a certificate and/or degree if they apply to begin optional coursework. For more information on the Achieve Your Degree program, visit www.ivytech.edu/achieveyourdegree. FacebookTwitterCopy LinkEmailSharelast_img read more


May 3, 2021 0

ATHLETE OF THE WEEK Weeehawken hurler De La Cruz simply perfect

first_img“I kept calling him Larry his whole freshman year,” Stratton said.“A lot of people tell me that my name is hard to figure out,” said De La Cruz, a native of the Dominican Republic, who came to the United States six years ago. “It is pretty hard. It’s hard to pronounce. Coach Stratton was the one who had the toughest time trying to pronounce my name.”For the record, Leury is pronounced LAY-OH-VEY. Sure, that’s it.However, in the eyes of Weehawken baseball, Leury De La Cruz’s name is perfect. Simply perfect.Last Friday afternoon, De La Cruz took the mound for Weehawken against Becton Regional in the Autism Awareness Challenge game at Weehawken Stadium.Stratton knew that it was going to be a special day for his senior right-handed pitcher.“It looked like any other day, but it was a little warmer than most days,” Stratton said. “He’s a warm weather pitcher. He hates the cold. I said to him before the game, ‘This is your weather, man.’”De La Cruz confirmed Stratton’s pre-game words.“He said, ‘This is your day, this is your weather,’” De La Cruz said of his coach. “He was right. I liked it. I figured that if I got the first batter every inning, I’d have a good game.”Growing up in the DR, De La Cruz always loved to play baseball, but never thought he would eventually become a pitcher. He envisioned himself as mostly a second baseman.“I never thought I’d be the big pitcher, the big guy,” De La Cruz said. “It was pretty big that I got the chance to pitch this game. I actually wanted to do something special, because it was the Autism Awareness Challenge game.”As the game began and moved on, De La Cruz was actually doing something quite special. He was retiring batter after batter, either by strikeout, pop up or ground out. He was in complete control.“He was throwing strikes,” Stratton said. “He was hitting his spots. He had a great curveball and kept the batters off balance. He had great command of his pitches.”De La Cruz felt it as well.“By the fourth inning, I knew in my mind what was happening,” De La Cruz said.De La Cruz was pitching a perfect game. He had one going last year against Paterson Charter, but lost the chance to dance with perfection with a last inning single.So he knew he didn’t want to lose this one.The fourth inning came and went. Then the fifth inning. Then the sixth.“I was just trying to hit my spots,” De La Cruz said. “It was just confidence. I just had the ability to throw anything for strikes. I just threw whatever the coaches told me to throw and hit the spots.”In the seventh inning, De La Cruz didn’t want to jinx it. But it was hard not to think of the inevitable.“When we got to the last at-bat, I thought, ‘This is kind of happening,’” De La Cruz said. “I wasn’t going to let this guy ruin this.”In fact, De La Cruz didn’t let anyone come close to getting in his way to destiny. He struck out the last batter of the sixth inning and all three batters in the seventh to secure the perfect game.In all, De La Cruz struck out 11, got six batters via pop-ups and retired four more on ground balls. Twenty-one up, 21 down. It was a perfect game and a 3-0 victory for the Indians.For his efforts, De La Cruz has been selected as The Hudson Reporter Athlete of the Week for the past week.Stratton said that he has never had a pitcher fire a perfect game before. Current Texas Rangers minor leaguer Sal Mendez pitched a no-hitter during his days with the Indians, but never recorded a perfect game.When De La Cruz recorded the final strikeout, he just hugged his catcher, Nick Anasa.“I couldn’t believe it,” De La Cruz said. “It’s really incredible.”De La Cruz said that he never aspired to be a pitcher when he was growing up.“I never thought I would become a pitcher,” De La Cruz said. “I never had it in my mind. Never in my dreams did I think I’d pitch a perfect game. It means a lot to me.”De La Cruz is hopeful that his game to remember will catch the eye of a college recruit and De La Cruz will be pitching or playing for a major college someday soon.“That’s what I hope for,” De La Cruz said.“If someone told me that I’d have a kid to throw a perfect game, this would not be the kid to do it,” Stratton said.But Leury De La Cruz, the kid with the weird first name, gets to have his name in the Weehawken record books forever. – Jim Hague ×Weehawken senior pitcher Leury De La Cruz. Leury De La Cruz knows that he has the most unique first name.Some people, like Weehawken High School head baseball coach Anthony Stratton, thought that his name was Larry when he first met De La Cruz a little more than three years ago.center_img Weehawken senior pitcher Leury De La Cruz.last_img read more


May 2, 2021 0

Insomnia announces Blakemore & Son partnership to increase store numbers

first_imgIrish coffee shop chain Insomnia has announced a partnership with Spar petrol forecourt operator Blakemore & Son as it aims to increase its UK store count to 12 by the end of this year.Blakemore recently opened a new Spar store alongside Insomnia in Grimsby, north-east Lincolnshire.The 5,000sq ft store has an in-store Greggs and Subway counters and Insomnia plans to open six more independently owned Spar stores in Cardiff, Bakewell (Derbyshire), Bromley, Reading and Oxford Street, London this year.Insomnia Coffee Company chief executive Harry O’Kelly commented: “We are very proud to announce this new partnership with Blakemore retail.“The cosy seating and relaxed atmosphere of our stores will offer tired customers the chance to properly unwind and recharge with a coffee for their onward journey.”Insomnia opened its first UK site in 2015 and was created and co-founded in 1997 by Niall Wiseman, Derek Hughes and Brian Goff, later joined by Mark Duffy.In July, Insomnia added more lines to its Food for Life range.last_img read more


April 20, 2021 0

The Who’s Pete Townshend Announces Debut Novel, ‘The Age Of Anxiety’, Due Out In November

first_imgThe Who guitarist Pete Townshend has announced his debut novel, The Age of Anxiety, due out on November 5th, 2019 via Hachette Book Group. Although the project marks Townshend’s fictional debut, the accomplished artist has released a series of short stories in the past, as well as a memoir in 2012 titled Who I Am.The forthcoming novel is said to “explore the anxiety of modern life and madness in a story that stretches across two generations of a London family, their lovers, collaborators, and friends.”Townshend issued a statement through his publisher and added that he hopes to expand the story into an opera and art installation, explaining:Ten years ago I decided to create a magnum opus that would combine opera, art installation and novel,” he said. “Suddenly here I am with a completed novel ready to publish. I am an avid reader and have really enjoyed writing it. I am also happy to say the majority of the music is composed, ready to be polished up for release and performance. It’s tremendously exciting.No dates have been set for the music’s release or for the art installation.In January, The Who officially announced their 2019 North American Moving On! Tour, which comes in support of the band’s forthcoming 13th studio album, marking their first release since 2006’s Endless Wire. According to Townshend, he initially refused the offer to tour with The Who unless there was an album paired with it. “I said I was not going to sign any contracts unless we have new material,” Townshend told Rolling Stone in an extended feature about their 2019 plans. “This has nothing to do with wanting a hit album. It has nothing to do with the fact that The Who need a new album. It’s purely personal. It’s about my pride, my sense of self-worth and self-dignity as a writer.”Head here for more information on Townshend’s upcoming novel and to place a pre-order.last_img read more


March 2, 2021 0

Five Ways to Engage With the Hyper-Connected Customer

first_imgTechnology is ubiquitous and how it has taken over our lives is astounding. Today, it might be a better idea not to check whether someone is connected, but with how many devices they connect to the Internet each day, and for how long.In 2014, the number of mobile devices connected to the Internet surpassed the world’s entire population.  Also, the average attention span of a consumer has dropped to an average of 8 seconds.  This means it is more important than ever for companies and marketing teams to reach out to this hyper-connected customer in new, innovative ways that match their expectations. Let’s discuss a few ways in which we can positively impact the connection.User Experience as a Competitive DifferentiatorIf a customer is always connected, they will expect the same from a company. Unreliable access to a service or a product online is not an option. In this context, “unreliable” also includes overall user experience. Organizations know this – Customer Experience Insight says that 95% of all CEOs indicate user experience is a potential competitive differentiator. But then why do only 37% have a budget dedicated to it?Whether it is a question of penny-pinching with the marketing budget, or whether it’s uncertainty if user experience efforts should go on the IT budget, it’s certain that user experience optimizations have a positive impact. Better usability makes the connected customer’s life easier, information more easily found and services more frequently used.Technology innovations embraced by a wide audience have always relied on a selling point that they make consumers’ lives better. The same logic should be true for the technology that businesses use to reach out to customers and for ongoing communication.Level Up: GamificationOne way companies innovate in this field is with gamification. Essentially, this isn’t very different from coupons and classic customer loyalty programs, but they add a new element to the mix. For an increasing subset of customers, games and interactivity are a given, so it is no surprise that adding this element to user experience will pull in more people in that segment.While there is no surefire way to guarantee more customer interaction through user experience or gamification, best practices from game design could help out companies. Interactivity is game designers’ core business, after all.Use your audience’s prior experiences to your advantage: for instance, people already understand that the ‘thumbs up’ icon means liking, supporting or improving something.Create a sense of ownership: mostly, this is through personalization. It makes people feel they have a stake in how they interact with you.Dare to be different: standing out with a unique design that many people like and some will dislike is better than to arouse no feelings at all.Design for the right audiences: while an API section on a website should speak to developers, a notification system for users on the go has to be brief and to the point.You Don’t Need to Change Much to Change a LotThe most crucial point is that you don’t need to change much to change a lot. Innovation isn’t (always) rocket science. Game changers often start out small. Uber started from the idea that all it should take is one tap or click to call up a taxi. As a consequence, it eliminated centralized management structures and shortened the channel from customer to driver. Small changes can snowball into big disruptions.It isn’t all about cutting and trimming, however. Some airline companies fight the low-cost competition by offering an end-to-end travel experience, with personal care, taxi and hotel reservations included in the offer.Content Is Always KingInbound marketing, or content marketing, is another way to maximize the connection to your customer by offering SEO-friendly content. No matter how well-honed a contact strategy, product positioning or a company’s use of channels is, content is what draws people in. As Michael Volkmann of iDea Group says: “For Google, content is king. For social media, too, content is king. For consumers, content is king.”The hyper-connected customer navigates more channels than ever, so content should be optimized for each channel. More and more channels are popping up. Companies are experimenting with content on SnapChat or pay social media influencers to fulfill the role of market developers.In SummaryAttracting the hyper-connected customer can be done in many ways, but here are the five things from the article that stand out:User experience makes a differenceGamification can be an asset to draw in peopleGame design offers many valuable lessons for marketingInnovation often starts out smallContent is still the undisputed kingWe are living in the 4th industrial revolution and our customer’s expectations have changed. Share with us how you have driven innovation in your organizations to better delight customers.last_img read more


February 27, 2021 0

Colorado Event and Festival Schedule Live Outside and Play

first_imgWe would love to see you at any and all events. Look for the van and come say hi. This tour is about getting outside, so if you want to head out for a hike or bike, that would be great too! The Live Outside and Play Road Team is on their way back to Colorado to celebrate the summer and play in the mountains. Six meetups, four festivals, and a boatload of adventures down, the west is calling and they must go. They have a summer full of events, with almost every weekend in a new location. Browse away, and then mark your calendars, we want to see your faces!CKS PaddlefestMay 25th through 28th | Buena Vista, ColoradoSunny Buena Vista welcomes you with a wonderful festival featuring whitewater, flat white and land events.CKS Paddlefest River Park Clean UpMay 28th | Buena Vista, ColoradoJoin us for a river clean up on May 28th after the festival to restore it to its pristine condition. Bags and gloves provided, prizes for those that help!Van Life Panel at A-LodgeMay 30 | Boulder, ColoradoAre you interested in #vanlife and don’t know where to start? We have nine panelist split into two groups ready to answer all your questions. Plus, the A-Lodge is a wonderful place to hang out.Lyons Outdoor GamesJune 2 | Lyons, ColoradoLast year a member of the Live Outside and Play road team did yoga with goats at this festival. For quirky fun and a plethora of beer tastings, come hang out with us in Lyons.Boulder Creek Cleanup with Rocky Mountain AnglersJune 4th | Boulder, ColoradoJoin us for a clean up right in town. Come after work ready to get dirty, and then stay for a bbq afterwords to thank you for the work.GoPro Mountain GamesJune 7th through 10th | Vail, ColoradoThis festival spans two separate villages in Vail and has a packed schedule. Families, athletes, and spectators gather for four days of excitement.Group Mountain Bike Ride with Kristi Mountain SportsJune 12th | Del Norte, ColoradoLet’s celebrate the Del Norte Trail Showcase and go out with a bang! Join us on the final ride of the celebration.FIBarkJune 14th through 17th | Salida, ColoradoIf you want to watch handmade floats battle their way down the Arkansas River from a ferris wheel, we know a festival.Gunnison River FestivalJune 22nd through 23rd | Gunnison, ColoradoLocated at the headwaters of the Taylor and Gunnison Rivers, with regional creeks flowing off the Continental Divide, Gunnison River Festival celebrates clean waterways and fun ways to use them.Ridgeway RiverFestJune 30th | Ridgeway, ColoradoCelebrating rivers and families, this day centers around the “Junk of the Unc” event where participants race unconventional rafts down the Uncompahgre River.Copper Mountain Music FestivalJuly 6th through 8th | Copper Mountain, ColoradoWith free music and plenty of activities, this festival celebrates Americana and Bluegrass music, set against a background of mountain biking and beautiful views.Elevation Outdoors Magazine’s Summit for Someone 2018July 28th | Mt. Democrat, Mt. Bross, and Mt. Lincoln, ColoradoElevation Outdoors is proud to partner with Big City Mountaineers this year to raise money and awareness for the work they are doing around the country. Check out the facebook invite for more information and how to participate.Salida Mountain Trails Trail Maintenance DayJuly 14th | Salida, ColoradoCome volunteer with Salida Mountain Trails, Salida Mountain Sports, and Elevation Outdoors Magazine while we help build new trail in Salida, Colorado. It’s going to be hard work, but absolutely rewarding.Boulder Group Camp OutJuly 21st | Boulder, ColoradoGet out and enjoy some camping with new friends and old. Join us for a relaxed group car camping experience just outside of Boulder.Après Day with Upslope BrewingJuly 28th | Boulder, ColoradoUnlike previous van life rallies we’ve put on with Upslope, this one will take place on a larger scale with Apres all day in the back parking lot (think their anniversary party). We’ll be celebrating the outdoor lifestyle and bringing in experts from the road and their vans for touring – and let’s be honest, showing off a bit.ARISE Music FestivalAugust 3rd through 5th | Loveland, ColoradoA meeting of the hippies. Complete with a star-filled music line up, downward dog, and workshops to enlighten the soul. Carve out this weekend in your summer for the perfect combo of zen and party.Van Life Rally Colorado SpringsJuly 28th | Colorado Springs, ColoradoWe’re rallying some of the local Colorado Springs van-lifers to give tours of their vans and have a fun night of raffles, adventure convos, and the best beer in town.Mountain Town Music FestivalAugust 17th through 18th | Keystone, ColoradoA fitting festival for our final hurrah in Colorado, the Mountain Town Music Festival celebrates vistas, seasonal treats, and sweet tunes. Make sure to stay for the signature fireworks show. There is one way for this tour to be a reality, our sponsors! Sending a thank you shout out to our title sponsor Nite Ize, and all of our other awesome sponsors like Crazy Creek, National Geographic, Sea to Summit, Mountain House, Lowe Alpine, Old Town, Leki, HydraPak, UCO Gear and Wenzel. If you like the gear that keeps us groovin’ click here to enter for a chance to win our Grand Gear Giveaway!last_img read more


December 30, 2020 0

Russia-South America Cocaine Trafficking Ring Dismantled

first_img Drug trafficking and drug use increased in Russia after the fall of the Soviet regime in 1991. The country became one of the chief trafficking routes for drugs originating in Afghanistan and destined for Western Europe. In a joint operation by the FSB and the Russian Interior Ministry, Russian and Israeli citizens resident in Ecuador were detained with thirty kilos of cocaine originating in South America, this source indicated, according to Russian news agencies. The number of individuals detained was not specified. The drugs were transported to Russia and entered through the port of Novorosisk, on the Black Sea. center_img By Dialogo May 24, 2011 It is great that the topic of drugs is getting some attention, specially because of what they do to this world A vast cocaine trafficking ring from South America to Russia has been dismantled in the region of Krasnodar (in southern Russia), the press service of the local branch of the Russian security services (FSB) indicated. last_img read more


December 20, 2020 0

Insights from the front lines: Financial counseling during #COVID19

first_img 47SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Cynthia Campbell Cynthia is a Credit Union Development Educator (CUDE), she holds a BS in Business Administration and an MBA from Elmhurst College in Illinois, and a master’s degree in Adult … Web: www.balancepro.org Details We provide financial coaching to thousands of consumers a week, most of them credit union members. Given that COVID19 is also an economic virus, I wanted to share with you what our counselors are doing when members approach us for help with their finances during this crisis.Where do we start? How do we help members with a financially stressful situation? Karina Galvan-Torres, Senior Director of Operations at BALANCE, recommends the Five Steps to Financial Triage: Your own financial health matters. Financial stability is a key contributing factor to overall well-being so give yourself permission to seek professional help, such as a certified financial coach, to help you develop a personalized financial action plan that is right for you. Sometimes, if you are too close to a problem, solutions can be hard to see. A professional prospective can make a big difference.Assess your situation. What are your primary concerns? Are there challenges that you need help with undertaking? Look at the areas of saving, spending, borrowing, and planning. Do you need to develop a 3-6 emergency fund? Reduce spending during crisis and recovery? Look at current interest rates see about a reduction via consolidation or special COVID19 programs. How can your family plan for the next financial challenge? Focus your attention on the most pressing concern.Take inventory. You will need to have an accurate understanding of where you currently stand in order to develop a plan. The budget process, which is a complete review of income, assets, expenses and debts will help make this clear.Prioritize your needs and goals. Your immediate needs such as food expenses and rental or mortgage payments should be at the top of the list, and non-essentials towards the bottom.The key to success is to create an action plan. Several small actionable steps should collectively lead towards accomplishing a goal. It is important to hold yourself accountable while remembering that the journey towards financial stability is not linear. There will be difficulties along the way.What if your member has questions that are specific to housing? Safe and affordable housing is a basic human need so of course it concerned us when we started seeing an increase in calls from consumers regarding housing (both rental and mortgage). I asked Linda Davis-Demas, Senior Director of Housing at BALANCE, what advice our housing counselors are giving to clients who are worried about making the next mortgage payment. She had three main points for those struggling to make your mortgage payment. Here are some tips to help you navigate this trying time.Communication is key. There are options available. First and foremost, contact your mortgage servicer (where you send your payments). They are tasked with managing your loan and in times of hardship, assisting you with options. Most mortgage servicers are currently offering borrowers a forbearance, which is a reduction in payment or temporary suspension of payment. It is important to note, this is a temporary solution. The length of a forbearance depends on the situation; they can last for 3 months to 6 months. They rarely go past 12 months, which would necessitate a permanent loss mitigation option.Beware. There is a lot of information out there, make sure it is from a trusted source. Unfortunately, in times such as these, scammers run rampant. An excellent source of information is Freddie Mac’s “My Home” webpage. You do not have to have a Freddie Mac loan to access the site. They added a section specific to those impacted by COVID-19. Here you can find useful information for both homeowners and renters.Stay informed. While watching the news can be stressful, it is important to stay informed with what is happening in your area. Many states, cities and counties have taken action to suspend foreclosures and evictions (temporarily). If you have a Freddie Mac, Fannie Mae or FHA loan, all foreclosures and evictions are currently suspended until at least June 30, 2020. This date may be extended depending on the progression of the virus in our country.In talking with the leaders of our counseling departments, I see a common theme – fear.  People are feeling overwhelmed, afraid, and exhausted.What is the take away for credit unions? Lead with empathy. Tune into members’ emotional state. Try to “see the whole person” and respond in a way that lets them know they were heard and understood. Meet them where they are at and help them move forward. This kind of relationship builds loyalty. Everyone remembers the people and organizations that get them through the tough times.Build Member’s Financial Health as an organization. We seem to run from financial crisis to financial crisis. With each government shut down, tornado, wild fire, hurricane, and virus, we see the financial fragility of America. We can create a “financial health movement” inside of the credit union movement. We can engage all departments of a credit union in addressing the member’s financial health. How can lending, collections, marketing, biz dev, and member services increase member financial health? Improving the financial health of the member is a high calling and it will take the whole organization, not just a financial education department. Think cross-functional and omni-channel as the future of financial health!last_img read more


December 17, 2020 0

Technology roundup: Blockchain-based fund trading system launches

first_imgInvestment technology company Calastone has launched its blockchain-based infrastructure for the trading and settlement of pooled investment funds.More than 1,800 financial services providers in 41 countries have been added to the system, dubbed the “distributed market infrastructure” (DMI). Calastone claimed this was “the largest group of financial services organisations ever to connect and transact on a live distributed ledger”.The company said in a statement that DMI users could “access a fully mutualised global funds marketplace” in which investment funds were traded and serviced in real time, potentially saving £3.4bn (€3.9bn) a year.“This will play a key role in stripping out the ever-increasing costs, operational burdens and risks inherent within the current model,” Calastone said. Campbell Brierley, Calastone’s chief innovation officer, added: “Through Calastone’s blockchain-enabled market infrastructure, all participants across the funds world can work together seamlessly and view trading activity in real time.“Information now ripples instantly across the market, a step change from the previous fragmented model. Financial services firms worldwide can, via the DMI, utilise new services, enhanced capabilities and new investment opportunities, allowing them to evolve their proposition to one that will be more competitive and valuable long term.”Calastone has been testing the blockchain-based technology for nearly two years. Early adopters of the DMI include back office service providers and wealth managers such as RBC Investor & Treasury Services, Bravura Solutions, Seven Investment Management, Multrees and Tilney Investment Management.Blockchain trading platform overhauls funding structureSeparately, the capital structure of Iznes, another blockchain-based platform for fund trading, has been overhauled after its technology provider went into administration.SETL, a fintech company that designed Iznes’ underlying technology, entered administration in March but this month re-emerged as a new corporate entity, according to reports.In a press release this week, Iznes said SETL had sold its stake in the company to OFI Asset Management – a founding investor in the blockchain platform – along with five other French asset managers, including Arkéa Investment Services, Groupama Asset Management, La Banque Postale Asset Management, La Financière de l’Echiquier and Lyxor Asset Management.Iznes acquired intellectual property rights connected to the technology and has hired SETL’s product management team with a view to internalising its IT function, the press release stated.Iznes was launched in March this year and already has €1bn of assets registered on its platform. It said the revised capital structure would allow it to expand its operations in France and Luxembourg to work with more asset managers.Further readingPension tech for dummies There is no shortage of new technologies that can improve retirement outcomes for pension fund members, reports Carlo Svaluto MoreoloData and processes: The IT diet Sophisticated data and analytics processes should drive better control in investment functionslast_img read more


September 29, 2020 0