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Our (Mostly Male) Tech CEOs Face a Time of Reckoning

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Earlier this week, while scanning Twitter in between meetings, I saw an article about a new gender discrimination suit filed against Pinterest. I made a mental note to read it later. The female in me is always disturbed by and wants to know more about these suits. But the editor in me too often gets distracted by other topics dominating the headlines, like major acquisitions and antitrust battles. 

But when I saw that Françoise Brougher had filed it, I stopped what I was doing to read the coverage immediately. I’ve reported on Brougher for years as she has worked at Google, Square and Pinterest, holding major executive roles at each. She’s not universally loved—some critics see her as overly logical (whatever that means) and “lacking EQ.” But the people who work most closely with her often adore her, and you can’t argue with her business record. 

Source: https://www.theinformation.com/articles/our-mostly-male-tech-ceos-face-a-time-of-reckoning

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TNS leverages Fortinet Secure SD-WAN to help retailers embrace digital transformation and cloud adoption

cloud adoptionThe new service can help businesses achieve digital transformation, embrace cloud adoption and maximise technology budgets.

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Transaction Network Services (TNS), a leader in fintech payment services, announces the launch of TNS Secure SD-WAN which leverages Fortinet’s leading Secure SD-WAN solution. In partnership with Fortinet, TNS Secure SD-WAN combines proven managed payment services with next generation network security.

The new service can help businesses seeking a solution in a secure SD-WAN environment achieve digital transformation, embrace cloud adoption and maximise technology budgets.

TNS Secure SD-WAN is a fully integrated, end-to-end managed solution that can simplify a retailers’ operations by centrally managing their network and addressing the complexity that always-connected commerce presents for merchants. With TNS, retailers can securely connect, among other things, online e-commerce gateways, Automatic Teller Machines, point-of-sale (POS) terminals, cash registers, printers, back office computing, forecourt tank gauges, CCTV cameras, number plate recognition technology, and even guest customer Wi-Fi.

“SD-WAN is already widely available to businesses, but TNS brings PCI DSS compliant security credentials and global payments experience as a managed service,” said Michael Johnson, Managing Director, Asia Pacific, FinTech Solutions. “Our SD-WAN solution enables merchants to prioritise their data usage centrally to secure their payments and business-critical systems.”

As store environments become more complex and expensive, working with a managed service provider like TNS simplifies the modernisation of payment acceptance, further helping our clients realise better total cost of ownership. TNS’ SD-WAN solution uses hardware from Fortinet, a global leader in broad, integrated and automated cybersecurity solutions and a named leader in the 2020 Gartner Magic Quadrant for WAN Edge Infrastructure.

To help prevent data breaches, TNS Secure SD-WAN includes next generation stateful firewalls (including IP SEC VPN tunnels), anti-virus features, URL filtering and SSL packet inspection to increase safety across retail estates.

“Our partnership with Fortinet focuses on the unique requirements of merchants needing to manage retail systems, protect sensitive card data and complete digital transformation sooner rather than later,” added Johnson. “If coronavirus has taught us anything, it is that omnichannel is more paramount than ever. It is a lifeline that enables delivery, curbside, and onsite, but it adds complexity and increased risk to payment transaction processing.” 

As a trusted partner to the payments industry, TNS offers a broad portfolio of secure commerce solutions that include parking reservations, unattended payments, POS services, ATM connectivity and managed processing. In 2020, TNS celebrates 30 years of being a worldwide provider to companies in mission critical industries. Many of the most prestigious financial institutions, POS ISOs, ATM deployers and transaction processors rely on TNS for secure and resilient infrastructure services, including managed connectivity. TNS’ secure infrastructure services are supported 24x7x365 from Network Operating Centres in the US, UK and Australia.

Source: https://australianfintech.com.au/tns-leverages-fortinet-secure-sd-wan-to-help-retailers-embrace-digital-transformation-and-cloud-adoption/

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McAfee’s Dismal Return to Public Market: The Information’s Tech Briefing

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It’s a reflection of the strength of the IPO market that tech companies with less-than-stellar growth are managing to go public. Today, for instance, shares of cybersecurity firm McAfee began trading—its second stint on the public market, coming a decade after being acquired by Intel. It was not a happy return.

McAfee shares fell 6.5% from their IPO price. That shouldn’t have been a surprise, given the company’s anemic growth history. In its IPO filing, it notes that revenue has grown from $1.9 billion in 2011 to only $2.6 billion in 2019. Last year, it grew another 9% from 2018.

Source: https://www.theinformation.com/articles/mcafees-dismal-return-to-public-market-the-informations-tech-briefing

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8common (ASX:8CO) raises $2.25M in extra capital

extra capitalASX-listed Australian fintech company 8common has successfully completed its recent capital raise, walking away with $2.25 million in extra capital.

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8common (8CO) has successfully completed its recent capital raise, walking away with $2.25 million in extra cash.

The fintech company said it received firm commitments from investors as part of the share placement.

Under the offer, new shares were worth 13 cents each and over 17.3 million shares were available to buy.

The placement will settle on October 28, with new shares to begin trading on the ASX by October 30.

“8common are delighted with the strong response from the institutional investment community to the placement,” 8CO Executive Chairman Nic Lim said.

The fintech stock will use the $2.25 million raised to expand CardHero — the company’s integrated payment and expense management solution.

To read more, please click on the link below…

Source: 8common (ASX:8CO) raises $2.25M in extra capital – The Market Herald

Source: https://australianfintech.com.au/8common-asx8co-raises-2-25m-in-extra-capital/

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