Category Archives: Financial

Serge Belamant: First Blockchain Debit Card

Banking is undergoing an upheaval thanks to Blockchain technology. In fact, a company called Net 1 UEPS Technologies, Inc., Developed  debit card utilizing this technology. The man who created the first iteration of Blockchain is Serge Belamant. FIX

Who Is Serge Belamant?

Serge Belamant was born in Tulle, France in 1953. At the age of 14 his family relocated to South Africa. He enrolled in Highlands North High School for boys. He went on to attend Witwatersrand University where he would study engineering, computer science, and applied mathematics.

Serge Belamant’s Career Path

Became a member of Matrix engineering firm. While there he created applications in relation to optimizing dams and their functions such as levels in RSA and drought prediction.

He was placed at the head of Pretoria, Witwatersrand, and Vereeniging at the Center for Scientific and Industrial Research. His focus was creating in-depth methods of gaining statistical data for a road planning project.

He was sought after by SASWITCH for their IT department. He developed what would become the 2 largest global ATM switch. In 1989, he went on to develop new workstations with his proprietary technology. He created the first RSA POS system and other groundbreaking ideas, but the revenue was divided between the partners.

Later that year He created his own company that would be built off of his six patents including his Funds Transfer System. He would call his new company Net1.

He experienced gains within the first couple of years as his UEPS systems via banks and other financial entities. Financial giant Visa entered into a contract with Net1 in 1995. Net1 developed technology for Visa called the Chip Offline Pre-Authorized Card.

How The Blockchain Debit Card Works

What Net1 has created with the UEPS technology is going to change the world. Currently, over three million people use the Blockchain debit card. It’s growing due to the fact it has the lowest global banking cost.

The patented technology with the smart card functions as a debit card. It works in conjunction with Europay MasterCard Visa. Just use it as a debit card wherever EMV is welcome. In a nutshell, Blockchain debit cards work like a bank account. The added bonus is there is no bank account related cost.

There is no need for a centralized computer for validation. The Blockchain debit card doesn’t require an electrical connection or a centralized POS. All information will be updated when the cardholder interacts with a centralized ATM or POS. All data is verified by Net1.

The financial future looks brighter for those who choose to attain a Blockchain debit card.

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Successes Of Michael Burwell

 

Mr. Michael J. Burwell is a Business Administration Graduate from the Michigan State University and a trained Certified Public Accountant (CPA). He is the Chief Financial Officer (CFO) of Willis Towers Watson Public Limited Company from October 2, 2017. Before joining Willis Towers, Mr. Burwell served as a Global and United States Transformation Leader at Pricewaterhouse Coopers LLP. Also, he served as partner and head of Pricewaterhouse Coopers Global Automotive Shareholders Value Awards. These awards recognize vehicle manufacturers, global parts suppliers, and United States retailers for total shareholders returns to the Transaction Service Group of the company. Moreover, Michael Burwell has headed a range of buy- and- sell projects for small and large private companies. He has also worked in evaluating the business structures and projections of different private equity funds. Furthermore, he has been the chairperson of the Automotive Suppliers Institute Conferences.

 

Mr. Michael Burwell is a popular financial adviser. He served in the business advisory services before he was elected partner and moved into the transaction business at the operation hub in Detroit. He was also named the Chief Financial Officer (CFO) and Chief Operating Officer after his continuous successes in the national levels. Burwell was appointed as the Vice Chairman Global and the United States Transformation where he assisted in building and expanding the Pricewaterhouse Company’s internal shared services. He is good in managing, leading and driving results in complex and with the strong focus on clients. Beside good managerial skills, Burwell is an experienced expert in financial and transaction matters.

 

Burwell is a good advisor in asset management. He has initiated a client based asset management service called the AMX. He initiated AMX at Europe and currently it is offering its service at the United States where they are advising clients on over $120 in asset under client management. This advising service helps large and small-scale managers to decrease accumulation and submission procedures, which saves money and time.

Mr. Michael Burwell has been able to increase efficiency and bottom line. As the Chief Financial Officer (CFO) of a professional service firm, he oversaw the elimination of $500 million in costs, without reducing staff.

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Michael Burwell Finds Himself In Yet Another Impressive Financial Industry Role

 

Willis Towers Watson is a professional advisory services and brokerage operation that is considered a leader in its field. The company employs around forty-thousand individuals and has a global footprint across 140 of the world’s countries. The highly respected firm recently made a massive announcement regarding its executive leadership team. Michael Burwell, a financial professional with one of the most impressive resumes in the business, is coming in to take over for Roger Millay in the role of Chief Financial Officer. With Roger Millay leaving the firm, it was with great excitement that CEO John Haley was able to announce that Michael Burwell, a professional with more than thirty years of experience in the world of finance, would be joining the firm in the critical CFO role.

This announcement of Michael Burwell’s new position with Willis Towers Watson comes at the same time that the firm is making major moves in terms of its position in the global market. This is why having an CFO with the expertise and leadership knowledge of Michael Burwell is so critical right now for the firm. For his part, Michael Burwell is really looking forward to being a part of this critical chapter in the history of Willis Towers Watson and is excited to get going right away.

Before Michael Burwell came to Willis Towers Watson, he spent thirty plus years developing an impressive resume within the financial industry by serving in numerous critical executive roles. Services in business advisory have always been a major focus of Michael Burwell’s work and his excellence in this area has led him to leading executive positions with several important industry leaders.

Michael Burwell has managed to stay excited and passionate about his work over the years by learning to work smart. He firmly believes that technology has been a huge help to people who work in his industry and certainly for himself personally. The fact that technology is constantly boosting efficiency has been one thing that has driven Michael Burwell to continue to stay at the top of his industry.

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Wes Edens: An Authority in Business and Professional Sports

Wes Edens is the Chairman and Founder of Fortress Investment Group LLC. Edens founded the company in 1998 with Randal Nardone. He has worked as the Co-CEO of Fortress Investment Group since December 2017. His duties consist of publicly traded alternative investment businesses and private equity. He has multiple roles at the firm which he has held which include: Principal, Private Equity Chief Investment Officer, and Co-Chairman.He has a history of success in business which began with his education. Edens received two Bachelor of Science degrees from Oregon State University in Finance and Business Administration. He has a vast amount of professional expertise in the credit industry, private equity finance, and Edens has held numerous management positions in corporations.

Before founding Fortress Investment Group, Wes Edens held positions in prestigious organizations in the business community. Edens worked as a Managing Director at Union Bank of Switzerland during May 1997 to May 1998. Moreover, he was a Partner and Managing Director at Lehman Brothers for over 6 years.Additionally, Wes Edens is an owner of the Milwaukee Bucks National Basketball Association (NBA) team. During 2014, the ownership group which was under the direction of Edens purchased the team for $550 million.

The Milwaukee Bucks have multiple expansion efforts underway which includes a new arena for the team. The Bucks will participate in the NBA 2k League, which will commence in May 2018. The Bucks esports team will be named Bucks Gaming. The team will have logos and apparel which are especially designed for them. Edens is regarded as a leader in the sports world. In addition to the Milwaukee Bucks, Wes Edens co-owns FlyQuest which is Proleague of Legends team with his son Ryan. The goal of the FlyQuest team is to have greater fan engagement. Edens leads the NBA esports committee.