Credgenics, India’s first-of-its-kind SaaS-based end-to-end debt resolution and legal automation platform, is excited to announce the launch of CG Collect - a mobile application to help the lenders/managers track the collections agents, monitor their activities, and evaluate their performance. Alongside this, it helps the agents navigate to the borrowers’ location with ease, schedule visits with a couple of clicks, showcase legal notices to the borrowers, and access e-receipts for proof of payments, among other benefits. This Feet-On-Street (FOS) loan recovery application can significantly improve the productivity of collection agents. The app is now available on Google Play Store, and will soon be live on Apple App Store as well.

The mobile app closely integrates with the Credgenics web platform and allows features like navigation to the applicant provided address, direct calling of borrowers, geo-tracking of the agent’s live location, logging collection details (like recovered amount, collection mode and status for successful and failed recoveries), collection and visit proof, single & multiple loan deposit to the lender’s bank/company branch, and collection receipt’s integration with the communication channels like Email,  SMS, WhatsApp, etc.

Commenting on the launch, Anand Agrawal, Co-Founder & CTO, Credgenics, said, “We are really excited to introduce loan recovery FOS application for the collection agents and the managers. Through this CG Platform, managers can benefit from hassle-free loan allocation, easy tracking of agents and cases allocated to them and the corresponding collection cycles. Besides this, collection agents could easily manage and plan the loans in their portfolio. They can check for important parameters against those loans like DPD values, legal notice copies, agents' distance from the borrowers, and their allocation month. This helps them easily create, track and execute their pending tasks”

He further added, “This application has been carefully designed to renew our promise to digitally transform the collection activities and make it more cost and time efficient. The areas where the traditional means of collections through agents is prevalent, CG COLLECT will help the agents and the managers use a simple technology to do their work more efficiently. Remaining true to our aim, we would try to bring more offerings in the course of our journey to promote the cause of good assets and digital transformation.”

Credgenics manages over INR 1,500 crores of debt on its financial platform and helps their clients by significantly improving the resolution rates by up to 20% and up to 20-days reduction in the resolution time. The team comprises of 150+ members, with a strong 70+ member tech and product team. Credgenics also has 2200+ legal counsels empanelled pan-India for arbitration and legal steps in late stage delinquencies. To facilitate the debt recoveries and thereby remedy the steep rise in the NPA, the company works with 7 leading private banks like ICICI Bank, IDFC First, Axis Bank and Kotak Bank, besides 40+ marquee NBFCs like IIFL Finance, Loantap, DMI Finance, Clix Capital, Udaan, Moneytap, Moneyview, among others.

Recently, Credgenics received US$25 Million in Series-A round and multiplied its valuation by 5.5 times to $100 million. The round was led by reputed investors Westbridge Capital, Tanglin Venture Partners, and Accel Partners, along with the participation of other marquee investors.

About Credgenics: Founded in 2018 by IIT Delhi Alumni, Rishabh Goel and Anand Agrawal, and advocate Mayank Khera, Credgenics is a SaaS-based collections and legal automation platform aiming to solve India’s $200 billion+ bad debt problem. Credgenics works with major private sector banks, such as ICICI Bank, IDFC First, Axis Bank, and Yes Bank, besides 40+ NBFCs like Loantap, DMI Finance, Clix Capital, Udaan, Moneytap, Moneyview, etc. Credgenics currently works with 2200+ empanelled lawyers and collection partners.  The organization aims to ultimately foster financial inclusion in India through expeditious resolution of unprecedented volumes of stressed assets in larger finance/fintech space

Bannockburn (IL) – August 4, 2021 – Great Lakes Credit Union (GLCU) is excited to announce the relaunch of their Business Services. GLCU is now offering a comprehensive suite of business products and services, including new and improved Business Checking and Business Savings accounts. By relaunching and revamping the accounts, GLCU will be able to better serve its members and the local business communities. 

“This is a very exciting time for GLCU,” says Senior Commercial Lender Brian Gawin. “We recognize there is significant demand for products and services that directly support the business banking marketplace. However, these needs are often not adequately addressed by other financial institutions that are focused on serving bigger customers. As a community based organization, we truly value our small business relationships and we’re committed to providing customized solutions or our business members” 

To assist businesses with managing unexpected expenses, GLCU is now offering Microlending. This service, aimed at helping businesses in the community flourish and continue to grow, will include unsecured loans as well as auto loans for company vehicles. In addition to Microlending, GLCU will be able to provide traditional business loans as well as additional financing through our access to various SBA loan programs. 

“As a credit union, we are all about people helping people – small business owners included. And as a local business ourselves, we prioritize investing in the communities we serve,” says CEO Steve Bugg. “That investment keeps those communities thriving, so they remain a place that our employees and members love to call home.”

To get started on Business Banking with GLCU, call 800-982-7850, or visit any GLCU branch. https://www.glcu.org/24-7-access/locations/

About Great Lakes Credit Union

Founded in 1938, GLCU continues to be a growing staple in our communities. As a not-for-profit financial cooperative, chartered by the State of Illinois and insured by the NCUA, we are guided by a dedicated volunteer Board of Directors and seasoned leadership team and are proud to serve more than 80,000 members with over $1 billion in assets. We are headquartered in Northern Illinois and have 12 branch locations and more than 170 fee-free ATMs locally. GLCU also belongs to the CO-OP Shared Branching Network. Members can access accounts nationwide at over 5,600 institutions with thousands of locations in 50 states, and at any of their 30,000 surcharge‐free CO‐OP ATMs. All 200+ employee-owners pride ourselves on building lifelong relationships with our member-owners and providing them with financial education during all life stages. Learn more at glcu.org

Media Contact: 

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(847) 578-7324

www.glcu.org

In the context of the global market value of digital currencies approaching 2 trillion U.S. dollars, mining, a stable way that crosses bulls and bears and is not afraid of market fluctuations, is being favored by more investors. At present, the digital currency mining industry has entered a mature and stable period of scale, and new changes have taken place in the global distribution of computing power: the scale of overseas computing power has gradually expanded, and mining concept stocks have gradually emerged in the US capital market.

After years of development, the current digital currency mining industry has entered a mature and stable period of scale, and new changes have taken place in the global distribution of computing power: mining concept stocks have gradually emerged in the European and American capital markets, while the scale of overseas computing power has gradually expanded. More and more funds and institutions with professional operations and risk control capabilities are entering the market, and more and more listed companies are entering the mining industry.

The mining industry chain is also developing in a more complete direction: from the early stage of mining, customers can’t see chip development, power supply research and development, and machine assembly; during the beginning of mining, including the mine’s shelf, after-sales, and mine operation and maintenance software , Possess a multi-mining mining pool; in the process of calculating income, currency hedging, pledge, etc., similar to financial operations.

The threshold for mining is getting higher and higher, and it is often difficult for ordinary users to complete the global mining and scale operations on their own. In the entire mining process, it is indeed difficult for small retail investors, to ensure that the correct choice is made at each stage.

And as a heavy-investment business, the investment in mining not only includes the cost of the configuration of the mining machine, but also the high electricity expenses and maintenance cost of the mining machine. For a long time, miners have also had to bear multiple risks such as currency mismatch, hardware equipment iteration, and currency price fluctuations. Therefore, mining has high liquidity requirements for miners.

Therefore, a service called “cloud mining” has emerged in recent years and has been rapidly promoted.

The so-called “cloud mining” means that users purchase cloud computing power contracts through the platform, lease computing power for mining, and obtain income at regular intervals. Its core advantage is to simplify the process and lower the barriers to entry. Users do not need to purchase expensive mining machines, select mines, and do not need to perform 24-hour operation and maintenance by themselves. After the contract ends, there is no need to deal with machines, venues, etc., and withdrawal is more flexible.

Moreover, the users brought by cloud mining are not only helpful for the sales of mining machines, but also for the upstream and downstream mines and mining pools of the industry, which will drive the value-added of the upstream and downstream industries.

According to statistics, there are currently more than 50 global cloud computing platforms including Huobi Mining Pool and Western Mining Pool (WMP).

WMP is one of the masters.

WMP is a one-stop blockchain and digital asset mining platform based on the cryptocurrency mining business. WMP was born in the United States. Its technical team comes from well-known companies such as Binance, Google, BitMaini, etc. WMP is committed to providing global users with investment and consulting services for blockchain mining business. Its vision is to build high-yield, high-performance The mining infrastructure of the company uses stable mining revenue as the profit foundation of the project, allowing ordinary users to more easily participate in the industrial investment of the blockchain.

In terms of business development, WMP focuses on providing global individual investors and institutional users with a true, professional and reliable set of customized mining service solutions, covering but not limited to two star business lines: cloud mining and cloud hosting , Packaged management of complex processes such as mining machine purchase, logistics transportation, power management, mine operation and maintenance, and users can enjoy the service by placing an order with one click.

The WMP platform lowers the mining threshold. Investors do not need to worry about them. Investors can remotely monitor data and receive mining profits. This method is very suitable for individual miners or new miners. The role of an individual miner is an investor, without the need to build a mining environment and perform operation and maintenance work.

WMP has the following advantages, which can ensure that the services it provides to customers are true and reliable: first, the platform is transparent, users can check their own computing power from any third-party mining pool; second, the funds are safe, users can directly deposit coins Hit your own wallet; thirdly, it is highly risk-resistant. The mines that WMP cooperates with are all compliant mines, and policy risks are greatly reduced. Fourth, the scale is huge, WMP manages tens of thousands of mining machines, and is affected by unexpected disasters such as force majeure. Smaller.

More convenient and efficient cloud services and more intelligent operation and maintenance management will be the future trend of the mining industry, and mining ecological cloud services will become the mainstream. WMP hopes to become a solid bridge linking mining machine manufacturers, miners, individual investors, institutions and capital.

The digital asset industry is entering the best period in history. A decentralized trust mechanism is the foundation of the value of digital assets. The digital asset industry must be built around trust value. Co-creating credible value with professional services is the next business philosophy of WMP. WMP will continue to work with more outstanding industry partners to provide customers with trustworthy digital asset mining services and create top-notch cloud mining services.

Singapore, May 10, 2021 -- Currently supported on HECO (Huobi Eco-Chain) and BSC (Binance Smart Chain), CoinWind is a smart yield farming platform that automatically matches pledged tokens to maximize all user revenues.

In the increasingly competitive landscape of DeFi (decentralized finance) yield farming, CoinWind effectively solves issues of both low revenues from single-token mining and high risks from impermanent losses on LP (liquidity pool) mining. Currently the TVL (Total Volume Locked) on the platform is an impressive USD 2.69 Billion.

A Smart Decentralized Finance Management Platform

Positioned as a smart decentralized finance management platform and not simply an aggregator tool, CoinWind focuses on optimizing users’ yields.

The high-yield, safe and reliable platform places tokens deposited by users into the different pools, and mobilizes funds from certain token pools to participate in different liquidity minings, all according to a combination of project selection and mining strategies.

At the same time, this is combined with token price hedging strategies to mitigate impermanent loss in liquidity mining so as to ensure the safety of funds.

The aim is to maximize the rate of returns for users while reducing unpredictable losses.

High Yield Products: Single-Token and LP Farms

Currently launched on HECO and BSC, CoinWind plans to integrate other chains such as ETH and OKT in the future.

According to Musk, Head of CoinWind Community, CoinWind’s competitive edge is in offering low user thresholds and maintaining high yields that work together to attract liquidity providers. In the Chinese DeFi space, the platform is one of the most popular in terms of single-token mining.

Professional project selections include screening audited, popular and relatively stable projects, combined with mining strategies to optimally match up with high-yield pools for highest profit returns as well as hedging strategies to reduce impermanent losses, a frequent concern in yield farming.

CoinWind offers both Single-token (or Single-Asset) mining and LP (liquidity pool) mining opportunities, offering attractive APY (annual percentage yield) with flexible staking.

For single-token mining opportunities, there are currently 16 tokens on HECO and 14 on BSC. Some APY highlights would include MDX token (208.99% on HECO and 305.67% on BSC), USDT (30.08% on HECO and 35.37% on BSC), DOGE (44.85% on HECO), HUSD (33.87% on HECO), UNI (31.44% on HECO), HDMX (140.23% on BSC), BUSD (44.27% on BSC) and WBNB (37.57% on BSC), amongst many others.

For liquidity pool mining opportunities, there are currently 15 pairs on HECO and 15 pairs on BSC. Some APY highlights would include MDX-USDT (215.38% on HECO and 278.73% on BSC), MDX-WHT (207.72% on HECO), MDX-WBNB (376.08% on BSC), MDX-BUSD (402.76% on BSC), MDX-HBTC (191.33% on HECO), MDX-BTCB (341.53% on BSC), WBNB-USDT (74.79% on BSC) and MDX-ETH (232.58% on HECO), amongst many others.

Automatically Reinvests Profits

CoinWind also does not let the income generated in the LP pool lie idle. Every 5 - 10 minutes, it automatically reinvests the profits into high-yield projects and this process is continuously repeated so that incomes are efficiently used to generate optimal profits and it also saves time for the user who would otherwise have to manually process this.

As of this writing, total user revenues have reached USD 85,578,977.14.

Strong Growth Potential MDX Token as Target Value

CoinWind currently uses the MDX token as the target value, a nod to MDEX, the largest platform on HECO and performing well in the competitive BSC environment. The leading DEX (decentralized exchange) implements a unique strategy of dual mining, combining liquidity and transaction mining. This has led to an explosive growth in its platform trading volumes.

Recognizing the stellar performance and strong growth potential of the MDEX platform, CoinWind’s utilization of the MDX token as a core value of exchange on its platform is yet another astute move.

For more info about CoinWind, visit the official website: https://www.coinwind.com

CoinWind official channels:
Twitter: https://twitter.com/coinwind_com
English Telegram: https://t.me/CoinWind
Chinese Telegram: https://t.me/coinwind_cn
Medium: https://mdex.medium.com/