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Leading Vodka Manufacturer Celebrates A Winning Digital Transformation

October 9, 2020

A bottle of Five Lakes vodka, a true Siberian vodka made of Taiga lakes’ unique water

Alcohol Siberian Group

By Annette Scherf, SAP

What does a Screwdriver, a Bloody Mary and Sex on the Beach have in common? All three are iconic cocktails that contain vodka as a main ingredient. Iconic appeal is also the ambition of Russian Alcohol Siberian Group (ASG), one of the world’s leading vodka manufacturers—and a primary reason why the company started a digital transformation process.

The Recipe to Becoming Russia’s Largest Distillery

Alcohol Siberian Group is a Moscow based spirits manufacturer that produces vodkas, liquors, and bitters. According to ASG, its vodka brand Five Lakes is “the world’s best-selling Russian vodka and has been the leading vodka brand in Russia every year since 2013”. The 2020 Drinks International Annual Vodka Sales rating ranks Five Lakes the 7^th vodka brand worldwide well above all the

Bank of Japan to Start Digital Currency Experiments Next Year

October 9, 2020

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(Bloomberg) — The Bank of Japan said it aims to start early phase experiments next year on issuing a digital currency in order to be ready should demand for one rise quickly.

a group of people walking on a city street: Pedestrians walk past the Bank of Japan (BOJ) headquarters at dusk in Tokyo, Japan, on Monday, Sept. 14, 2020. The Bank of Japan left its bond-purchase amount unchanged at a regular operation on Monday.

© Bloomberg
Pedestrians walk past the Bank of Japan (BOJ) headquarters at dusk in Tokyo, Japan, on Monday, Sept. 14, 2020. The Bank of Japan left its bond-purchase amount unchanged at a regular operation on Monday.

“From the viewpoint of ensuring the stability and efficiency of the overall payment and settlement systems, the bank considers it important to prepare thoroughly to respond to changes in circumstances in an appropriate manner,” the BOJ said in a report released Friday.

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While the BOJ reiterated it has no immediate plans to issue a digital currency, today’s report suggests it is trying to keep up with peers including the People’s Bank of China, which has been studying the topic for

Central banks sketch out digital currency as China forges ahead

October 9, 2020

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LONDON (Reuters) – A group of seven major central banks including the U.S. Federal Reserve set out on Friday how a digital currency could look like to help catch up with China’s “trail blazing” and leapfrog private projects like Facebook Inc’s FB.O Libra stablecoin.

Small toy figurines are seen on representations of the Bitcoin virtual currency displayed in front of an image of China’s flag in this illustration picture, April 9, 2019. REUTERS/Dado Ruvic/Illustration/Files

The central banks and the Bank for International Settlements (BIS), said core features should include resilience, availability at low or no cost, appropriate standards and clear legal framework, and an appropriate role for the private sector.

Bank of England (BoE) Deputy Governor and chair of a BIS committee on payments Jon Cunliffe said the rise in cashless payments since lockdowns to fight the pandemic has accelerated how technology is changing forms of money.

Central banks began

Killer Mike, former Atlanta mayor Andrew Young, and Bounce TV founder Ryan Glover launch a digital bank

October 8, 2020

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A group of Black Atlanta businessmen, politicians and entertainers — including former Atlanta Mayor Andrew Young, the entertainer Michael Render (better known as Killer Mike) and Bounce TV founder Ryan Glover — have launched a new digital bank focused on developing and promoting local communities and cultivating Black and Latinx entrepreneurs and small businesses.

Named Greenwood in an homage to the thriving Tulsa, Okla., business community known as “Black Wall Street” that was destroyed by white rioters in 1921, the digital bank has several features designed to promote social causes and organizations for the Black and Latinx community.

For every sign-up to the bank, Greenwood will donate the equivalent of five free meals to an organization addressing food insecurity. And every time a customer uses a Greenwood debit card, the bank will make a donation to either the United Negro College Fund, Goodr (an organization that addresses food insecurity) or

Facebook rakes in political ad money as campaigns flood the only digital channel available

October 8, 2020

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Ads from politicians and campaigns accounted for at least 3% of Facebook’s estimated third-quarter U.S. revenue, according to data from Facebook’s ad library and the Center for Responsive Politics.
Google has dramatically limited targeting for political ads and Twitter banned them altogether, leaving Facebook as the only game in town for many campaigns.
“For better or worse — mostly worse — Facebook is the de facto place you go,” said Nick Fitz, CEO of online donations site Momentum, which powers the Defeat by Tweet campaign.

a man in a suit standing in front of a flat screen television: Former Vice President Joe Biden, presumptive Democratic presidential nominee, wears a protective mask during a NowThis economic address seen on a smartphone in Arlington, Virginia, U.S., on Friday, May 8, 2020.

© Provided by CNBC
Former Vice President Joe Biden, presumptive Democratic presidential nominee, wears a protective mask during a NowThis economic address seen on a smartphone in Arlington, Virginia, U.S., on Friday, May 8, 2020.

Anti-Trump super PAC Defeat by Tweet launched in June and has run up an advertising bill of more than $800,000 with an online campaign that encourages people to automatically donate

Ladbrokes owner’s sales boosted by digital betting

October 8, 2020

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Ladbrokes owner GVC has forecasted higher annual profits following higher online gaming demand. Photo: Simon Dawson/Reuters

Ladbrokes and Bwin owner, GVC Holdings (GVC.L), has raised its outlook for annual core earnings after posting a 12% rise in third quarter revenue, helped by the dramatic growth in online gaming and the restarting of major sporting events such as the English Premier League.

The company, which owns brands such as Coral and Eurobet, said full-year earnings before interest, taxes, depreciation, and amortization (EBITDA) is now expected between £770m ($917.91m) and £790m.

Previously, GVC had forecast annual earnings to be between £720m and £740m.

Online gaming volumes have resumed to pre-COVID-19 levels, the company said in a statement on Thursday, reflecting the “strength and diversity of our business model.”

GVC's sales were boosted by online gaming during COVID-19. Chart: Yahoo Finance UK — GVC’s sales were boosted by online gaming during COVID-19. Chart: Yahoo Finance UK

“Like the rest of the UK and Europe’s high streets, GVC’s

This $120 Digital Air Fryer is just $50, proving that money is just imaginary

October 7, 2020

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Simultaneously a searing indictment of the supposed invisible hand of the market and capable of searing your tuna steaks, this digital air fryer – which normally runs $119.99 at Best Buy – has been reduced to a paltry $49.99. Naturally, an abrupt shift in price this large should cause you to question to the objective value of all currency, and whether capitalism is just a lie we tell ourselves to justify our avarice and materialism. Let’s discuss it over seared tuna steaks.

Air fryers are great for crisping your food quickly and without oil, creating flavors of salty crispness that humans evolved to crave over millions of years of surviving on diets where such flavors signaled then-scarce ingredients like salt and fat.

Our instinctive urge to amass wealth came from similar feelings of scarcity, and though these instincts propelled us to discover fire, invent early forms of government, and eventually

World’s largest banks in commodity trade financing creating digital finance registry in Singapore: report

October 6, 2020

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Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.

SINGAPORE – Some of the world’s biggest banks in commodity trade financing are creating a digital trade finance registry in Singapore to try and mitigate the risk of trade fraud and boost transparency after losing billions of dollars due to a spate of defaults.

Banks have reduced their commodities business this year to cut risk following collapses, including that of Singapore’s Hin Leong Trading (Pte) Ltd, which shocked lenders after instances of financial trouble were laid bare by the coronavirus crisis.

In a joint statement issued on Tuesday, DBS Group DBSM.SI and Standard Chartered STAN.L said they are leading a group of 12 other banks in Singapore to create and conduct a central database to access trade transactions financed across banks.

HSBC, STANDARD CHARTERED’S REPORTEDLY MOVED LARGE SUMS OF ILLICIT CASH FOR 2 DECADES WITH NO IDEA

Sangy Vatsa Named Chief Technology And Digital Officer Of FIS Global

October 5, 2020

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FIS Global has named Sangy Vatsa executive vice president, chief technology and digital officer. FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Annually, FIS facilitates the movement of roughly $9 trillion around the world and processes about 75 billion transactions. FIS serves 90 percent of the top 50 global banks and is the top merchant acquirer in the world by volume, according to the Nilson Report. The company has 55,000 employees worldwide.

Vatsa joins from Comerica Bank, where he was the chief information officer. — FIS Global’s new Chief Technology and Digital Officer Sangy Vatsa

Credit: FIS Global

As global chief technology and digital officer, Vatsa will partner with leaders across the company and throughout the industry to lead technology strategy, innovation and transformation for FIS. He has been assigned the responsibility to lead FIS’ technology transformation program globally in close partnership with internal and external stakeholders. This digital modernization program will be comprised of

Know Changing Dynamics of Booming Digital Innovation in Insurance Market | AXA, Berkshire Hathaway, Prudential Financial

October 4, 2020

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Latest released the research study on Global Digital Innovation in Insurance Market, offers a detailed overview of the factors influencing the global business scope. Digital Innovation in Insurance Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Digital Innovation in Insurance. The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are AXA (France), Zurich (Switzerland), China Life Insurance Company (China), Berkshire Hathaway Inc. (United States), Prudential Financial Inc. (India), United Health group (United States), Munich Re group (Germany) and ASSICURAZIONI GENERALI S.P.A. (Italy).

Free Sample Report + All Related Graphs & Charts @: https://www.advancemarketanalytics.com/sample-report/33433-global-digital-innovation-in-insurance-market

Definition:

Insurance companies have started adopting digital technologies to help and strengthen customer relationship by providing new offers

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