Connect with us

Business

LEO International Payment System intends to increase its share in the payment market in Ukraine to 10% by the end of 2021 according to Alona Shevtsova

Published

on

LEO International Payment System represented by LeoGaming Pay financial company plans to increase its share in the Ukrainian online payment market from the current 8.5% to more than 10% by the end of this year.  The head of LEO International Payment System and LeoGaming Pay, Alona Shevtsova About told about this goal in an interview to the “Business in her way” Women’s Club of the European Business Association (EBA).

It is worth noting that she recalled the fact that the National Bank of Ukraine has included the LEO International Payment System into the list of important payment systems and system-forming companies of the country based on the results of monitoring the activities of payment systems in 2020 and following the established criteria of their importance. Currently, LEO International Payment System is among the top 5 largest players in this market, second only to such major companies as Novaya Pochta and Ukrposhta.

In addition to launching new services and continuous development, the company is also implementing a joint program with the Institute of International Relations of Taras Shevchenko National University of Kyiv on internships and subsequent recruitment of students and graduates of this educational institution.

“These days, we cooperate with various companies and payment systems around the world, thus, knowledge of foreign languages, the basics of communication and negotiations are the primary requirements for the company’s employees. From my own experience, I know the highest level of training of graduates of the Institute of International Relations, as well as the standards of education. It is an honor for me to return to my native alma mater in the status of a patron of the arts,” said Alona Shevtsova, CEO of LeoGaming.

According to Alona Shevtsova, the trend of paying with payment cards for various services and products, including online games, utility bills, and other goods, has significantly increased over the past two years.

“Visa and Mastercard have done a lot to make cashless (non-cash) payments popular in Ukraine, actively introducing contactless payment solutions in recent years. In addition, the reduction of the interchange rate will also affect the market and the attitude of sellers towards cashless payments. Previously, the rate was at the level of about 2%. However, as a result of signing the memorandum by representatives of the National Bank, Visa, and Mastercard, the interchange fees will gradually decrease to the level of less than 1% in three years. In addition, it will be the same as in European countries,” notes Alona Shevtsova. She adds that according to the results of the first half of 2021, key companies in the segment of payment systems pay a lot of attention to digital perfection and clearly want to meet the expectations of customers.

According to her, the company will continue to support charitable projects in various fields, including joint projects with the National Institute of Surgery and Transplantation named after O. Shalimov.

The LEO International Payment System consists of 23 participants, including four commercial banks (IBOX Bank, ComInBank, Sky Bank, and Concord Bank), as well as 19 non-bank financial institutions, such as Sistema FC (Sistema brand), Swift Garant FC (City24 brand), Starmoney FC, Business Retail Group FC, and other industry leaders.

Continue Reading
Advertisement

Business

Conduent and Microsoft Collaborate to Use AI to Increase Business Efficiency

Published

on

AI-Powered Strategic Alliance for Improved Business Operations

Conduent, a provider of business services, recently announced a strategic partnership with Microsoft. The purpose of this partnership is to lead the way in generative artificial intelligence (AI) applications in important industries. The partnership’s primary goals are to use AI to transform healthcare administration, improve customer support, and strengthen fraud detection systems.

Boosting Cloud-Based Secure AI Adoption

Conduent’s clients will be able to take advantage of a secure cloud environment at a faster rate thanks to the synergy between Conduent and Microsoft. Three generative AI pilot programs are presently being developed by the alliance, one of which aims to efficiently extract data from medical documents. The goal of this project is to use Microsoft’s Azure AI Document Intelligence and Azure OpenAI Service to expedite the resolution process.

AI’s Strong Effect on the Growth of Small Businesses

The applications of AI go beyond the healthcare sector and include small businesses, where AI is thought to be a growth accelerator. AI has many uses, from enhancing customer service to automating marketing campaigns to expand its market reach. Particularly tailored AI solutions are being developed for small businesses, taking into account their unique resource limitations, making advanced AI tools more accessible to them.

Businesses with limited resources can now benefit from AI models developed by companies like Microsoft, which has garnered attention and given them a competitive advantage in the market. Supporters of these scaled models emphasize how easy it is to integrate, how affordable, and how little data these models require—all of which are advantageous for most companies that handle large volumes of sensitive data.

Conduent and Microsoft’s partnership is a big step toward bringing artificial intelligence (AI) into conventional business models, optimizing workflows, and establishing new benchmarks for customer and client interaction.

Continue Reading

Business

A positive mindset, steering positive financial change, meet Oz Clement Knight

Published

on

Oz Clement Knight pushes boundaries as a top financial educator and entrepreneur, inspiring lives worldwide.

It is sometimes not just about feeling passionate about working in a particular field; it is more than that for a few rare professionals and business owners who strive for excellence daily, besides feeling passionate about all they choose to lay their hands on. When we saw the rise of Oz Clement Knight, who has been in the financial sector for several decades, we understood how a person needs to surrender to his aspirations and goals in life to push boundaries and steer positive change.

Oz Clement Knight is all about this and beyond. At every step in his journey, he has proved why he deserves to be called a leader in the financial realm, for he has stayed committed to taking his clients to the financial success they wish to achieve and, in the process, has reached the forefront of the industry.

He has been pioneering financial success for others through two incredible ventures, namely OHL Ventures Fund LLC and Ozmarq Holdings Ltd. The former is a Delaware series limited liability company to make venture capital and growth equity investments in diverse leading seed stage, early stage, and developmental stage and later stage private companies, with companies engaged in social media, social media, life sciences, and clean tech businesses. Through the fund, he promises to create returns for investors by helping them identify and invest in potential leading-edge companies that can later provide them with massive returns.

The latter serves as the Manager of the fund that will establish a series of funds for purchasing securities of a portfolio company/companies from a secondary source, making a separate and distinctive investment directly in a portfolio company/companies, and/or investing in the interests of investment funds, special purpose vehicles, or other entities whose portfolios consist of one or more portfolio companies.

With his years of experience and knowledge in private wealth management, investment banking, and capital markets, the financial educator, who loves spreading his knowledge among others, especially the youngsters in the field, has ensured that he offers financial services that cater to the individual needs of his clients, eventually empowering them to navigate the varied financial complexities in their journey to reach financial success.

Continue Reading

Business

Dell Unveils AI-Enabled Laptops and Workstations for Indian Enterprises

Published

on

In India, Dell has introduced a new line of business AI laptops and mobile workstations. The Latitude 9450 2-in-1, Latitude 5450 business laptop, Latitude 7350 Detachable, and Precision 5490 are the four laptops that the brand has introduced.

These are premium offerings with cutting-edge features that are intended to usher in the AI era and increase employee productivity for businesses. Let’s examine the cost, features, and accessibility of Dell’s most recent laptop models.

Dell Latitude 9450 2-in-1 Price and Features

The world’s smallest 14-inch commercial PC, the Dell Latitude 9450 2-in-1 is intended for consultants, salespeople, and executives. The laptop is the only commercial PC in the world with a Zero-Lattice Keyboard and Haptic Collaboration Touchpad, and it has an InfinityEdge QHD+ display.

Moreover, it has Mini-LED backlighting, which is said to cut down on battery consumption on the keyboard by up to 75%. Starting at Rs 2,60,699, you can purchase the Dell Latitude 9450 2-in-1.

Dell Latitude 5450 Business Laptop Price and Features

The Latitude 5450 business laptop is a member of the 5000 series, featuring the Intel Core Ultra U-series processor that provides up to 10% more performance for web browsing, video conferencing, productivity, and content creation than their predecessor. Starting at Rs 1,10,999, this laptop is priced.

Cost and Features of the Dell Latitude 7350 Detachable

According to some, the most adaptable commercial detachable laptop in the world is the Latitude 7350 Detachable. It has a 3k resolution with ComfortView Plus to lessen harmful blue light, and it has a sleek and lightweight design. Starting at Rs 1,73,999 is its price.

Dell Precision 5490’s Features and Cost

A 14-inch InfinityEdge touch-enabled display with a 16:10 aspect ratio debuted with the Dell Precision 5490. Updates to the device that are enhanced by AI will increase productivity in business and industry applications. In India, it is priced at Rs 2,19,999 at launch.

Continue Reading

Trending

error: Content is protected !!