Blockchain Technology

FatBrain Launches Angelina FX Service to Make Foreign Exchange Pricing More Transparent

 FatBrain AI (LZG International, Inc.; OTC: LZGI), the pioneer in powerful, easy-to-use artificial intelligence (AI) solutions for entrepreneurs and mid-market businesses, today announced the launch of Angelina (https://monex.fatbrainfx.com/). The free online app allows businesses engaging in global trade and international payments to instantly identify and unlock foreign exchange (FX) savings.

FX is artificially and unnecessarily expensive for small to mid-sized businesses. According to an International Monetary Fund report, banks charge up to 25 times more in transaction costs than market FX rates, impacting the bottom lines of roughly 90% of businesses that engage in global commerce or deal in international payments. Much of this FX price discrimination is hidden, buried in opaque bank statements.

Not anymore. Angelina is the first and only AI-powered FX service tackling discriminatory pricing in the $6.6 trillion-dollar daily foreign exchange market.

In minutes, any business worldwide – including the millions using QuickBooks can obtain a free FX Fair Value Report, which automatically provides:

(i)            Personalized analysis of transactions to identify FX cycles and savings opportunities;

(ii)           Peer comparison and key recommendations to minimize FX risk; and

(iii)          Coached, actionable intelligence for immediate and future cost savings and business performance improvements.

“With Angelina, any business impacted by global trade and international payments can unlock FX savings to boost its bottom line,” said Peter B. Ritz, FatBrain’s co-founder and CEO. “In keeping with FatBrain’s mission, Angelina maximizes transparency and minimizes price discrimination in the multi trillion-dollar daily FX market, which is especially unfair to startups and small to mid-sized enterprises (SMEs) – the same businesses that drive the global economy and create more than 50% of jobs worldwide.”

Most businesses, particularly those without dedicated currency departments or on-staff FX experts, don’t know they pay up to 25 times more in transaction costs when using banks to fund FX payables. Moreover, many businesses are unable to align their payable cycles to periodic currency fluctuations, making it difficult to anticipate favorable and unfavorable timing for payments or orders. Banks take advantage of this information gap and use expensive exchange rates for roughly 90% of customers.

Angelina cuts through discriminatory pricing by offering a fair market FX alternative for any business worldwide through a user-friendly automated service supported by expert FX coaching. Angelina is offered by FatBrain in partnership with Monex USA, one of the world’s largest currency providers with a team of over 2,000 FX experts.

“Monex is a worldwide FX leader, enabling tens of thousands of businesses, including many in the Fortune 500, to book fair value and receive award-winning expertise,” said Juan Pablo “JP” Carriedo, CEO, Monex USA and global lead digital transformation, Monex S.A.B. (BMV: MX). “We’re excited to be working with FatBrain to use AI technologies to bring more fairness and transparency to the market.”

FatBrain AI Outcomes™ decision engine – the technology underpinning Angelina – has already been proven at the biggest companies and highest levels of academia. The advanced math and FX modeling is led by Dr. Rajarshi Das, FatBrain’s chief science officer (CSO) and former AI/ML lead at IBM Research, the Los Alamos National Lab and the Sante Fe Institute, and Dr. Wei Ouyang, FatBrain’s managing director and GM for FX, AML and valuations, former managing director, global risk analytics and valuation for Bank of America, Deutsche Bank and Barclays.

“The first generation of AI addressed the needs of the largest enterprises and government agencies. The second generation – AI 2.0 – being pioneered by FatBrain uses advances in peer dynamics technology to automatically learn patterns from user behavior, allowing us to deliver coached, personalized AI solutions at hyperscale,” said Dr. Das. “We can now truly level the playing field for smaller companies engaging in international commerce.”

“I experienced the power of FatBrain AI solutions firsthand on several complex problems while leading a 40-strong quant team at Bank of America,” said Dr. Ouyang. “This transformative technology is now available to SMEs that stand to gain real cost savings and significantly better business outcomes.”

About FatBrain AI (LZG International, Inc.):
FatBrain AI (LZG International, Inc.; OTC: LZGI) provides powerful and easy-to-use AI to the mid-market so the companies that drive the global economy can save money, seize opportunities, and do better business. FatBrain’s innovative solutions transform continuous learning, narrative reasoning, cloud and blockchain technologies into auditable, explainable and easy to integrate products. FatBrain’s subscription model allows all companies to deploy its advanced AI solutions quickly and easily, securely utilizing them on premises behind their firewalls or via cloud.

For more information, please visit: https://www.fatbrain.ai

About Monex USA
Formerly known as Tempus, Monex USA has provided corporate clients with industry-leading foreign exchange, risk management, and international payment solutions for over 23 years. Headquartered in Washington, DC, Monex USA has New York and Beverly Hills offices. As part of the global financial group of Monex, the company leverages a combined annual FX volume of over $247 billion and 2,800 employees to help more than 70,000 clients from a broad range of industries successfully navigate the global currency markets. With nearly four decades of experience, Monex is one of the world’s largest commercial foreign exchange providers, with a presence in Mexico, the United Kingdom, Spain, Canada, Holland, Singapore, Luxembourg, and the United States.

For more information, please visit: https://www.monexusa.com

Contact for Monex USA:
Audra Evans
Monex Inc
aevans@monexusa.com
o. +1.202.810.5223

SOURCE FatBrain

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CoinSmart announces new Chief Compliance Officer, AGM Voting Results and provides Corporate Update

CoinSmart Financial Inc. (“CoinSmart” or “CFI”) (NEO: SMRT) (FSE: IIR), a leading Canadian-headquartered crypto asset trading platform, announced today that Sheereen Khan has joined CoinSmart as Chief Compliance Officer. 

Prior to joining CoinSmart Ms. Khan held senior compliance positions with Coinberry Ltd., Laurentian Bank Financial Group, JP Morgan Chase and Bank of Montreal.  She will replace Jeremy Koven who acted as Interim Chief Compliance Officer following the departure of Joe Tosti.

Annual General Meeting Results

CoinSmart also announced that all resolutions considered by the shareholders at the Annual General Meeting of Shareholders (the “Meeting“) previously held on June 29, 2022 were passed.

Voting as to each of the director nominees were as follows:

DirectorFor%Withheld%
Alexa Abiscott27,814,12499.99 %3,2830.01 %
Jeffrey Haas27,813,92499.99 %3,4830.01 %
Justin Hartzman27,813,12499.98 %4,2830.02 %
Jeremy Koven27,814,12499.99 %3,2830.01 %
G. Scott Paterson27,814,12499.99 %3,2830.01 %

Please refer to the report of voting results filed under CFI’s profile at www.sedar.com for the detailed results of all matters voted upon by shareholders at the Meeting.

Corporate Update

CoinSmart recently launched SmartPay, the easiest way for businesses to send and accept crypto payments. This payment processing service guarantees no chargebacks, no holds, same day settlements, and up to 80% cost savings, compared to traditional payment methods like credit cards.  It is estimated that there are over 300 million crypto users worldwide. Also, over 75% of global retailers plan to accept crypto over the next 24 months, making crypto more mainstream than ever. Moreover, crypto payment processing eliminates chargebacks, which is currently a $125 billion problem in the world of payment processing.

CoinSmart also became the first crypto platform to receive an Online Sports Wagering Vendor Permit from the State of Wyoming, allowing CoinSmart to process cryptocurrency payments for legalized gaming companies licensed in Wyoming.

CoinSmart has terminated the previously disclosed investment in NFT cross-bridge marketplace Curate due to repeated breaches and non-fulfillment by Curate Group Ltd. of its obligations pursuant to the Share Purchase Agreement.  CoinSmart is in the process of evaluating any available recourse against Curate Group Ltd.

About CoinSmart Financial Inc.

CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer and marketplace with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.

CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client’s needs are met with the highest level of quality and care. For more information please visit https://www.CoinSmart.com/.

Cautionary Note Regarding Forward-Looking Information and Other Disclosures

This press release contains statements that constitute “forward-looking information” (“forward-looking information“) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this news release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: regulatory approvals. Accordingly, readers should not place undue reliance on the forward-looking information contained in this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.

SOURCE CoinSmart

AMPD Ventures Announces the Addition of Tanya Woods to its Board of Directors

AMPD Ventures Inc. (CSE:AMPD)(OTCQB:AMPDF)(FRA:2Q0) (“AMPD” or the “Company”), a next-generation digital infrastructure provider, is pleased to announce that Tanya Woods has been appointed to its board of directors, effective September 12, 2022.

Ms. Woods is a Canadian-American entrepreneur, technology lawyer, and policy leader working in the verticals of mainstream and digital media, telecommunications, AI and blockchain, and high-performance computing infrastructure. She is currently the CEO of Futurity Partners, a strategic consulting firm advising public and private sector organizations on exponential and innovative technologies, digital policy, and ESG matters.

“I am delighted to be joining the experienced Board of AMPD Ventures as the Company and its subsidiaries break ground in the metaverse,” said Woods, “the Company’s multi-faceted approach from enabling mobile high-performance computing infrastructure to supporting first class metaverse and digital content creation is a unique and compelling innovation journey I look forward to talking with the team.”

“Tanya is an accomplished business leader with deep knowledge and experience in video games, digital content, high-performance computing infrastructure, ESG, and Web3,” said Anthony Brown, CEO of AMPD Ventures Inc., “she has a strong track record of successfully advancing public and private company growth objectives in these verticals making her an ideal addition to our Board, we look forward to her insights and are pleased to welcome her onboard.”

Ms. Woods has held increasingly senior executive level leadership roles advancing the commercial and regulatory agendas of global technology companies and government for nearly twenty years. She recently served as the founding Managing Director of Canada’s first Chamber of Digital Commerce, General Counsel, EVP Regulatory Affairs and Corporate Secretary of Hut 8 Mining Corp., General Counsel of the Entertainment Software Association of Canada, and Regulatory and Copyright Counsel for BCE Inc. She is also currently serving a three-year appointment as an expert advisor to UNESCO in Canada supporting the advancement of the United Nations Sustainable Development Goals.

Ms. Woods’ has received recognition as one of IT World’s Top Women in FinTech and Blockchain, a Government of Canada Leading TechWoman, CBC Trailblazer, Obama Foundation Global Civic Leader, Toastmasters International Community Leadership Award Recipient, and as a Top 40 Under 40. She studied law and global trade at the London School of Economics, University of Ottawa, and American University Washington College of Law.

About AMPD Ventures Inc.

AMPD is a next-generation infrastructure company specializing in providing high-performance computing solutions for low-latency applications. With state-of-the-art, high-performance computing solutions hosted in sustainable urban data centres, AMPD is leading the transition to the next generation of computing infrastructure as ‘the hosting company of the Metaverse.’ Through a mix of infrastructure as a service (“IaaS”) and an upgraded, high-performance cloud offering, we are meeting the low-latency requirements of multiplayer video games and eSports, computer graphics rendering, artificial intelligence, machine learning, mixed reality, big data processing, and the as-yet uncharted technological developments of the coming decades. Additional information about the company is available on SEDAR and our website at http://www.ampd.tech.

For further information please contact Investor Cubed Inc.:

Neil Simon, CEO
Telephone: (647) 258-3310
Email: nsimon@investor3.ca

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ “Anthony Brown”

Anthony Brown
CEO & Director
AMPD Ventures Inc.
Telephone: 604-332-3329
Email: ir@ampd.tech

Cautionary Statement

Forward Looking Statements

Certain statements made herein may contain forward-looking statements or information within the meaning of the applicable Canadian securities laws. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

SOURCE: AMPD Ventures Inc.