Ohpen, which provides banking technology services, is partnering with insurance giant Aegon; Aegon plans to replace standalone systems for pensions, savings, current accounts and wealth management with the new platform; Ohpen's technology runs on AWS and Aegon will plugin via the API-based interface; Chris Zadeh, Ohpen's CEO stated: "If you want to be ready for the future and save an enormous amount of code, you should have one administrative system for all these different brands. Aegon and Knab and their pensions will use the same cloud-based administrative system, and that's ours." Source
Old Mutual has been decreasing its position in the Fund throughout the year and has now reduced it even further; in March 2017 Old Mutual reduced its stake to below 6% and following its most recent move its stake is now less than 4.99%; according to AltFi, the VPC Specialty Lending Fund is the second largest online lending and alternative credit fund with approximately GBP351 million ($456 million); the Fund has been experiencing losses in recent months and the managers have been enacting a share buyback strategy while also shifting its positioning to greater allocation in balance sheet investments. Source
Cryptocurrency platform Omega One was this year's PitchIt @ Lang Di winner; the company operates an automated trade execution platform with trading services for traders, investors and institutions seeking to trade globally across the world's crypto exchanges; in comments on Omega One, LendIt Co-Founder Jason Jones said, "Omega One opens the market to the next wave of capital from institutional investors by providing much needed transparency and liquidity."; among the prize winnings for the firm include a RMB1 million ($150,148) investment from JadeValue, co-working space for six months and two tickets to LendIt USA 2018. Source
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