Tag: services

Magna Cyber and Guy Wewe Radio Join Forces to Bring IT and Cybersecurity Services to Haitian American Businesses

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Jared Derival, Co-Founder of Magna Cyber  and Guy Webern Guerrier, Founder of Guy Wewe Radio A On February 3rd, 2024

Jared Derival, Co-Founder of Magna Cyber and Guy Webern Guerrier, Founder of Guy Wewe Radio A On February 3rd, 2024

Magna Cyber Announces Strategic Partnership with Guy Wewe Radio to Serve Haitian American Business and Residential Customers

MIRAMAR, FL, UNITED STATES, February 14, 2024 /EINPresswire.com/ — Magna Cyber, a leading provider of enterprise IT and cybersecurity solutions with a distinguished track record serving government agencies and Fortune 500 companies, is excited to announce its strategic partnership with Guy Wewe Radio, a dynamic media platform catering to the Haitian American community. This collaboration aims to democratize access to cutting-edge technology services for Haitian American businesses and residents, ensuring they have the tools needed to thrive in today’s digital landscape.

As two organizations owned by Haitian Americans, Magna Cyber and Guy Wewe Radio share a deep commitment to empowering their community through innovation and opportunity. This partnership represents a fusion of expertise and resources, bridging the gap between enterprise-level IT solutions and the diverse needs of Haitian American businesses and residents.

Magna Cyber brings to the table its extensive experience and expertise in providing comprehensive IT and cybersecurity services. With partnerships with major technology brands such as Palo Alto, Cisco, Fortinet, Microsoft, Aruba, and others, Magna Cyber delivers industry-leading solutions tailored to meet the highest standards of performance and security. Accredited by the Better Business Bureau, Magna Cyber is recognized for its commitment to excellence and customer satisfaction.

Guy Wewe Radio, a trusted voice in the Haitian American community, serves as a vital platform for information, education, and engagement. Through its wide-reaching media channels, Guy Wewe Radio has cultivated a strong connection with its audience, delivering valuable insights and resources to empower individuals and businesses alike. By partnering with Magna Cyber, Guy Wewe Radio expands its offerings

$3M investment for Buffalo’s business development services

Buffalo, N.Y. (WBEN) – More funding is on the way for small businesses to thrive in East Buffalo.

On Friday, The Exchange at Beverly Gray’s Executive Director, Derrick Parson, announced $3 million in funding coming to the Small Business Growth Initiative, a partnership project with The Foundry designed to create a dedicated support network for small businesses.

“Over the past year, The Exchange at Beverly Gray and The Foundry, in conjunction with key stakeholders, has been developing a new collaborative initiative to support BIOPIC entrepreneurs and business owners located here on the East Side of Buffalo. This initiative, slated to span over three years will directly target and address the root causes hindering the successful start, growth, scaling and sustainability of these dynamic entrepreneurs and their many businesses,” said Parson.

The funding is coming from the Regional Revitalization Partnership, a $300 million program that was developed in collaboration with New York State Governor Kathy Hochul and Empire State Development (ESD) and is supported and funded by the Ralph C. Wilson, Jr. Foundation, the Farash Foundation, ESL, KeyBank/First Niagara Foundation, M&T Bank and partners in the cities of Buffalo, Niagara Falls, and Rochester. $200 million of the $300 million comes via state funding.

“We’re assembling all of those necessary ingredients for a recipe for small business success,” said Megan McNally, executive director of The Foundry.

“In addition to building our own organizational capacity for us at The Foundry, it includes some expansion of our youth entrepreneurship programming, and additional product development support. In addition to that, The Exchange is looking at additional staffing and business support as well. We’re also engaging partners to provide legal clinics to offer a comprehensive marketing program and provide credit counseling.”

According to Western New York Regional Director Karen Utz with Empire State Development, this new

US shale slowdown spreads to oil services industry

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Oilfield services groups are feeling the squeeze from a slowdown in activity in the US shale patch as companies scale back on oil and gas drilling.

The world’s biggest oilfield services providers, responsible for the industry’s grunt work from drilling wells to building roads, reported a hit to North American revenues this week amid dwindling demand.

“During the second quarter, we saw reduced frack activity that resulted in increased white space in our calendar,” said Chris Wright, chief executive of Liberty Energy, on a call with analysts.

Wright added that Denver-based Liberty, one of the country’s biggest providers of the hydraulic fracturing equipment used to blast open shale rock, could cut its number of fracking fleets in the second half of the year “if our customers’ scheduled work reductions become larger”.

The slide in business for oilfield services providers — seen as a bellwether for the health of the oil and gas industry — is the latest sign of a deceleration in activity in America’s energy heartlands that stretch from west Texas to North Dakota.

The tally of rigs and frack crews in the field has fallen consistently since late last year. Equipment has been offloaded at fire-sale prices and a recent survey carried out by the Dallas Federal Reserve reported the weakest sentiment since the depths of the coronavirus pandemic.

Each of the three big international oilfield services groups — SLB, Baker Hughes and Halliburton — this week reported a slowdown in their North American business during the second quarter.

Halliburton, which is the most exposed of the three to the US onshore market, saw North American revenues contract by 2 per cent

Jaffna business community ‘enthusiastic’ about investment banking products and services – The Island

Following a turbulent year marred by the country facing its most profound economic crisis post-independence, Hatton National Bank PLC made a resilient start to 2023, posting a PBT of Rs 10.7 Bn, up 80% YoY, while PAT stood at Rs 6.9 Bn in the first quarter, growing 42% YoY. The Group made a consolidated PBT and PAT of Rs 11.3 Bn and Rs 7.3 Bn respectively.

Commenting on the first quarter performance, Aruni Goonetilleke, chairperson of Hatton National Bank PLC, stated that “Despite the country still reeling from last year’s economic, social and political disruptions, the Bank recorded a solid performance for the first three months of 2023, reflecting our steadfast focus, prudent decision making and agility in the face of changes. Although uncertainties prevail, the positive developments on the country’s macroeconomic front are encouraging, and I would like to reiterate our unwavering commitment to safeguarding the interest of our stakeholders and supporting the economic recovery.”

Relatively high interest rates compared to Q1 2022, facilitated the Bank to report a net interest income of Rs 31.6 Bn during 1Q 2023, reflecting an 87% YoY growth. With higher card volumes coupled with an increased adoption of our digital services, net fee and commission income grew by 31% YoY to Rs 4.2 Bn.

The positive sentiments brought on by the IMF programme and the improved foreign exchange liquidity, gave way to a part relaxation of foreign exchange controls. This led to the appreciation of the Sri Lankan Rupee by approx. 10% during the 3 months up to March 2023. This resulted in the Bank recording a net exchange loss of approximately Rs 2 Bn for the quarter due to revaluation losses.

Despite vulnerabilities in the operating income, the Bank was able to maintain one of the best asset quality positions in the

Financial services sector’s top concerns revealed



Financial services sector’s top concerns revealed | Insurance Business America















New report examines biggest risks for the sector

Financial services sector's top concerns revealed

Insurance News

By
Ryan Smith



Cyber incidents, macroeconomic developments, and changes in legislation and regulation are the top risks for financial services companies, according to a new survey by Allianz Global Corporate & Specialty (AGCS).

The publication of AGCS’s Global Industry Solutions Financial Services Outlook follows the release of the Allianz Risk Barometer 2023 in January. The latest release is one of several risk trend briefings for specific industry sectors.

Cyber incidents ranked as the top overall risk for companies, the report found.

“Despite investing in significant levels of cybersecurity spend each year, respondents view the FS industry as highly exposed,” said Martin Zschech, global industry solutions director for financial services at AGCS. “The main threat for financial institutions is the attempt to repossess the assets they hold. This can be achieved in multiple ways – for example, through impersonation, cyber attack or falsified electronic correspondence.”

Cyber attacks

The banking industry alone saw more than a 1,300% increase in ransomware attacks in 2021, AGCS said.

“Attack methods can evolve quickly,” Zschech said. “For example, open-source AI tools can be used to craft highly personalized spear-phishing attacks. At the same time, the growing reliance of companies on third-party providers such as cloud computing services means they can be vulnerable to cyber attacks that have a knock-on effect across the financial system.”

Training and technology can help mitigate the risk of cyber attacks by minimizing human error, AGCS said.

Macroeconomic woes

Financial institutions are also feeling the impacts of macroeconomic developments. Inflation is likely to be one of the most challenging risks, particularly its long-term impact, AGCS said.

Inflation can mean that investments take