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FusionIQ Launches Industry’s First Digital Wealth Management Solution for Wallet Companies

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New solution expands FusionIQ’s portfolio of easy-to-implement products, bridging the gap between payments and wealth management.

WOBURN, Mass., Oct. 29, 2024 /PRNewswire/ — FusionIQ, a leader in the delivery of cloud-based wealth management solutions, today announced the launch of FIQ Wallet, the industry’s first digital wealth management platform designed specifically for digital wallet companies. This groundbreaking solution empowers wallet providers to expand their service offerings beyond payments by integrating sophisticated wealth management capabilities, such as goals-based digital advice and self-directed investing.

“We are excited to launch FIQ Wallet as the next evolution in digital wealth management,” said Eric Noll, CEO of FusionIQ. “This product aligns with FusionIQ’s mission to democratize wealth management by providing wallet users with access to investment services directly within their wallets. The solution is powered by the award-winning FusionIQ One platform, known for its multi-custodian, multi-asset class, and multilingual capabilities. By offering wealth management capabilities in real-time, wallet companies can increase user engagement and build lasting loyalty.”

Bridging the Gap Between Payments and Wealth Management

Wallet providers are increasingly essential to industries where companies use digital wallets to pay 1099 employees. In 2023, digital wallets dominated point-of-sale transactions, accounting for 30% of global transactions, and led online purchases with 50% of transactions. The total value of digital wallet transactions reached $9 trillion, while the global mobile payment market was valued at $72.5 billion. In the U.S., 65% of adults used a digital wallet at least once a month, with 53% using it more frequently than traditional payment methods.

With FIQ Wallet, users can now invest their earnings directly from their payment wallets without the need to transfer funds to traditional bank accounts, reducing fees and simplifying the process. By keeping money within the wallet and allowing it to grow through investments, FIQ Wallet increases the “stickiness” of digital wallets, leading to higher user engagement, while offering the following benefits:

Fast Onboarding: A streamlined digital account opening process allows users to securely invest in as little as five minutes.A Unified Investing Experience: FIQ Wallet combines digital advice and self-directed brokerage for a seamless investor experience.Intelligent Goals-Based Investing: Sophisticated tools help users turn financial aspirations into achievable targets with real-time progress tracking.Modern Trading Tools: FIQ Wallet offers sophisticated trading tools for various investment styles, supporting both fractional and whole-share investing.Enterprise-Grade Security: SOC 2 Type II Compliance and continuous security monitoring ensure the highest standards of data protection.

John Kimbro, Chief Technology Officer of FusionIQ and the lead developer behind FIQ Wallet, said, “With FIQ Wallet, FusionIQ is leading the way in the convergence of payments and wealth management. This solution is easy to implement and can be fully integrated into wallet platforms in as little as six weeks. Wallet providers can offer their users a unified view of their digital finances, with sophisticated tools for goals-based investing, risk management, and more. This product is a game changer for wallet companies, and we’re proud to be the first to deliver this capability to the market.”

A First-of-its-Kind Workflow for Wallet Companies

FIQ Wallet offers a customized workflow built specifically for wallet companies and their unique role in the payments industry. Unlike traditional solutions developed for banks or credit unions, this platform is tailored to meet the needs of wallet users who expect instant, seamless transactions. With real-time transfers that are faster and cheaper than ACH (Automated Clearing House) payments, and direct access to a range of wealth management services, FIQ Wallet addresses a crucial gap in the market. By expanding their service offerings, wallet providers can position themselves as leaders in the rapidly evolving wealth management ecosystem.

About FusionIQ 

FusionIQ makes it easy for financial advisors and institutions to be digital wealth leaders. The cloud-native all-in-one FusionIQ One platform has four modules – Hybrid Digital Advice, Self-Directed Investing, Digital Marketplace, and finTAMP – making digital transformation hassle-free. FusionIQ One powers a range of easy-to-implement products including FIQ Freedom, FIQ Journey, FIQ Market One, FIQ TAMP+, and FIQ Wallet, making it easy for credit unions, banks, broker-dealers, family offices, RIAs, wallet providers, and asset managers to scale, delivering the digital experience clients and advisors want and the seamless workflows and process automations they need for organic growth. With white-label integrations complete in as little as six weeks, it’s easy to see why FusionIQ One’s integrated multi-custodian platform is quickly becoming the digital solution of choice for advisors and institutions. To learn more, please visit: https://fusioniq.io

Media Contact
Elizabeth Shim
Haven Tower Group
424 317 4861
eshim@haventower.com

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Michael Johnson Promoted to VP of Technical Services for Astro Pak

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Astro Pak promotes Michael Johnson to Vice President of Technical Services, now overseeing both the Technical Services and Engineering Services Groups. A seasoned expert in spaceflight hardware cleaning, Johnson aims to drive innovation in high-purity cleaning and support Astro Pak’s growth. The Technical Services Group focuses on pioneering industry processes, while the Engineering Services Group advises on facility design for longevity and safety.

COSTA MESA, Calif., Nov. 13, 2024 /PRNewswire/ — Astro Pak announces that Michael Johnson has been promoted to its Vice President of Technical Services. He is stepping up from his previous role as Director of Technical Services for the company. His new role places both the Technical Services Group (TSG) and the Engineering Services Group (ESG) under common leadership. The TSG is Astro Pak’s Research and Development group made up of subject matter experts with deep knowledge gained through many years of experience in their respective fields. This team is dedicated to developing new, industry-leading processes and chemistries, some of which become the industry standards. Additionally, the group also serves as an internal consulting resource for Astro Pak’s Field Services and Cleanroom divisions in providing expert advice on resolving its clients’ most challenging projects. Meanwhile, the ESG is a relatively new, customer-facing resource which can be engaged to consult on best practices when designing new facilities to maximize their maintainability to ensure longevity and product safety.

“Our mission is to position Astro Pak on the technological forefront of precision and high-purity cleaning, providing ongoing support for sales, operations, and business development.”

Mr. Johnson himself is a recognized subject matter expert in the highly specialized field of precision cleaning of spaceflight hardware. He joined Astro Pak in March of 2021 after a career of nearly 30 years at the Kennedy Space Center in Florida. There, his work included serving as General Manager of the Chemical Analysis Laboratory and Spaceflight Hardware Precision Cleaning and Refurbishment Operation which included the Space Shuttle program. His other work included designing facility equipment and solvent delivery system as well as working with Boeing and NASA to replace the environmentally hazardous Freon 113 solvent. He also led a team collaborating with Lockheed to clean a contaminated titanium tubing system onboard the Orion space capsule without the need to remove it.

In his new role, Mr. Johnson plans on continuing his mandate “to build and lead a department whose mission is to position Astro Pak on the technological forefront of precision and high purity cleaning and to provide ongoing technical support for sales, operations, and business development.

Media Contact

Mary Cheng, Astro Pak, 9492700812, marketing@astropak.com, https://astropak.com/ 

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SOURCE Astro Pak

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Revolutionizing Heart Health: Frontier X Plus Gains FDA Clearance

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NEW YORK, Nov. 13, 2024 /PRNewswire/ — Fourth Frontier, a medical technology company based out of New York and Bangalore, announced the 510(k) clearance of the Frontier X Plus from the U.S. FDA. The Frontier X Plus is an innovative single-lead, continuous ECG monitor that is worn around the chest and wirelessly relays the user’s ECG instantly to remote dashboards. A range of advanced algorithms identify and classify cardiac rhythm as Bradycardia, Tachycardia, Normal Sinus Rhythm, or Atrial Fibrillation. The device demonstrated best-in-class signal quality during a range of motions including during intense exercise. The wearable ECG monitor further demonstrated equivalence in the classification of cardiac arrhythmias when compared with the conventional 12-lead ECG, through clinical trials in India and the US.

According to the Center for Disease Control, one person dies every 33 seconds from Cardiovascular Disease (CVD), and CVDs are responsible for one in every five deaths in the US. The American Heart Association reports that between three to six million Americans have reported an incidence of Atrial Fibrillation. This number is expected to rise to 16 million by 2050. Atrial Fibrillation has been described as a global epidemic and is a key indicator of reduced morbidity and mortality in individuals of all age groups. Globally, the incidence and prevalence of Cardiovascular Disease (CVD) has been increasingly observed in younger individuals and is one of the leading reasons for premature death.

“We have seen cardiac arrhythmias develop in individuals of all ages, and the incidence is significantly higher for individuals who are both active and have cardiac health risk factors. The percentage of population that falls in the confluence of these categories is continuously rising. Since the FX+ is able to capture ECGs during all kinds of motion and activity, we think this will be a game changer and significantly improve the early detection of cardiovascular disease,” said Manav Bhushan, co-founder and CEO of Fourth Frontier.

With this clearance, the company plans to enter the US market as a prescription based, class II medical device. Fourth Frontier will partner with Independent Diagnostic Testing Facilities (IDTFs) and cardiac rehabilitation centers to offer at-home remote monitoring services. In the near future, the company has plans to introduce AI algorithms which analyse the ECG for early diagnosis of different kinds of heart conditions, a potential breakthrough for people using the device in their everyday lives.

About Fourth Frontier:

Fourth Frontier is a pioneering health tech company that builds and offers products and services for monitoring and improving heart health for people across the world.
Cardiovascular disease is the leading cause of mortality across the globe. Despite its importance, affordable products and services to monitor and improve heart health from the comfort of the home have not been available to consumers. Fourth Frontier is committed to solving this important problem.
With over 150 million minutes of data, 120,000+ users, and a presence in 4,000+ cities across 50+ countries, the device is trusted by people who want to enhance their heart health and fitness.
To learn more about Fourth Frontier, please visit www.fourthfrontier.com, or follow us on Linkedin or Twitter.

Media Contact: pr@fourthfrontier.com

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/R E P E A T — MEDIA ADVISORY- Governments of Canada and Northwest Territories to Make Critical Minerals Infrastructure Announcement/

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YELLOWKNIFE, NT, Nov. 8, 2024 /CNW/ – Michael McLeod, Member of Parliament for the Northwest Territories, will make a critical minerals infrastructure announcement on behalf of the federal Minister of Energy and Natural Resources, alongside Caroline Wawzonek Northwest Territories Deputy Premier, Minister of Finance, Minister of Infrastructure and Minister Responsible for the Northwest Territories Power Corporation. Media availability will follow.

Date: Wednesday, November 13, 2024

Time: 2 p.m. MT

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca.

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SOURCE Natural Resources Canada

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