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Push Technology Appoints Riaz Mohammed as CTO

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Push Technology Appoints Riaz Mohammed as CTO
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Push Expands Senior Team to Support Increased Business Momentum

Push Technology, the pioneer and leader in real-time data streaming and messaging solutions, has announced the appointment of Riaz Mohammed as its new CTO. Riaz has extensive experience in a variety of industries including Banking and Finance, Utilities, Transportation, Automotive, and Government.

During his career Riaz has contributed to and developed numerous solutions and platforms, most notably in the fields of predictive analytics, market surveillance and trade monitoring, and In-Memory Data Grids and streaming analytics. In his previous role as Technical Director at Hazelcast, Riaz was responsible for driving innovation and growth. He led a high performing team of Solution Architects/Pre-sales that affected thought leadership, messaging, streamlining processes and resource planning. Under his technical sales strategy and solution architecture remit, he helped the company generate sustainable revenue growth in the region of 6X.

Prior to Hazelcast, Riaz worked at Software AG as a Senior Solutions Engineer in the Financial Services sector. Working in pre-sales, Riaz worked closely with sales, product management and consultants to support sales cycles. He was involved in strategic engagement planning, solution design, creating architecture artefacts and hands on development of prototypes. In other roles, Riaz has held senior developer positions at Nomura, JP Morgan and Deutsche Bank.

Riaz said: “Push Technology has a reputation for removing the real-time, event-data consumption, enrichment and delivery challenges faced by many organizations, especially in Financial Services and eGaming. Its solutions enable companies to focus on what matters – the future growth of their businesses. I’m very excited to be joining the team at a time when platforms such as Diffusion are becoming integral to the enablement of digital transformation strategies.”

John Pocock, Executive Chairman and CEO at Push Technology, comments: “Riaz is joining Push at a critical juncture as we are seeing first-hand a rapid escalation in the adoption of real-time streaming technologies. Riaz adds significant experience to the Push team and will play a key role in helping us achieve revenue objectives that will fuel our continued growth.”

 

About Push Technology

Push Technology pioneered and leads the market in real-time, event-data streaming and messaging solutions that power mission-critical business applications worldwide. Push’s Diffusion Intelligent Event-Data Platform is purpose-built to simplify and accelerate event-driven, real-time application development, reduce ongoing operational costs, and speed time-to-market. Diffusion consumes raw event data in any size, format or velocity; enriches event data dynamically in-flight; and delivers event data reliably and at massive scale with secure, fine-grained, role-based access control.

Leading brands, across industries including financial services, transportation, energy, retail, healthcare, eGaming, and Internet of Things companies, use the Diffusion Intelligent Event- Data Platform to drive customer engagement, fuel revenue growth, and streamline business operations. Diffusion is available on-premise, in-the-cloud, or in hybrid configurations, to fit the specific business, regulatory, and infrastructure requirements of the event-driven applications operating in today’s everything connected world. Learn more at www.pushtechnology.com.

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Sweden’s Online Gambling Market: A Rapidly Growing Sector

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Swedens Online Betting Industry – A Thriving Sector

The online betting scene in Sweden is experiencing growth, with projections indicating a revenue of €2 billion by 2027. This forecast highlights how evolving consumer preferences and market dynamics drive the industry’s expansion, thereby underscoring its impact on the country’s economy.

Factors Driving Industry Expansion

One driver behind this growth is the increasing interest in cryptocurrencies. Despite scepticism from Sweden’s Riksbank, currencies like Bitcoin are gaining popularity as preferred payment methods on Swedish online betting sites. 

According to the Twin.com Sweden platform, this trend reflects the adoption of cryptocurrencies in wagering, offering users improved privacy, security, and transaction efficiency.

Riksbanks Stance on Cryptocurrencies

Governor Erik Thedeen of Riksbank has raised concerns about integrating Bitcoin and other digital currencies into the economy. He highlights the characteristics of cryptocurrencies and the potential risks associated with their values. This cautious regulatory approach aligns with Sweden’s commitment to ensuring stability and safeguarding consumer interests.

The Online Gambling Landscape in Sweden

The appeal of gambling in Sweden has surged due to the ease and convenience provided by online platforms. With the increase in smartphone usage and better internet connections, it has become more accessible for people to participate in casino games and betting options from their homes or while on the move.

Noteworthy Developments in the Industry

Innovations are bringing about changes in the gambling sector and changing consumer preferences. Several significant trends are emerging that influence the industry’s future and contribute to its expansion.

  • Mobile gaming. The increasing popularity of smartphones has greatly increased gaming activities. More individuals are choosing to gamble on their devices thanks to the accessibility of mobile gaming platforms. 
  • Live dealer games. There is a growing demand for dealer games that provide an engaging and interactive experience. These games recreate the ambiance of a casino, attracting players to online gambling platforms and enhancing user involvement.
  • Cryptocurrency usage. Many people are now using cryptocurrencies, like Bitcoin for making deposits and withdrawals. The benefits of using currencies, such as  transactions, lower fees, and increased privacy, are attractive to numerous users despite facing regulatory hurdles.
  • Advanced security measures. As gambling gains popularity, ensuring security has become a concern. Operators are implementing security measures to safeguard users’ information and transactions, creating a gambling environment.
  • Promoting responsible gambling. The Swedish Gambling Authority (Spelinspektionen) continues its efforts to encourage gambling practices. Operators are urged to implement measures that prevent gambling and support individuals fostering a healthier gambling community.

 

These trends suggest that the market is rapidly evolving due to advancements and changing consumer preferences. The Swedish online gambling industry is well-positioned for growth and innovation because it stays abreast of these developments.

Regulation and Protecting Consumers

The Swedish Gambling Authority (Spelinspektionen) oversees the regulated market to ensure consumer protection and promote gambling practices. This regulatory framework plays a role in maintaining market stability and building consumer trust, which is critical for sector growth.

Economic Future Projections

Experts think that the Swedish online gambling market will generate €1.69 billion in revenue by 2024, with a growth rate of 6.20% per year (according to the data from Statista). Experts project the market volume to surpass €2.15 billion by 2028, primarily due to the growing number of users and their increasing average revenue per user (ARPU).

The anticipated revenue growth highlights the impact of the gambling industry on Sweden’s economy. With users participating in gambling activities, the sector is poised to contribute more revenue to the country.

Despite these projections, challenges lie ahead for the online gambling industry. The bank’s regulatory barriers and concerns about cryptocurrencies pose obstacles that present opportunities for innovation and adaptation.

As cryptocurrencies gain popularity in gambling, regulators may develop frameworks that balance innovation with consumer protection. This approach could boost growth in the sector while ensuring stability.

Conclusion

The Swedish online gambling sector is expanding, with revenue forecasts indicating growth in the years ahead. Despite bank hurdles and scepticism towards cryptocurrencies, this industry in Sweden continues to thrive.

The online gambling market provides customers various gaming options and chances to position themselves well and keep growing. To thrive amidst changing consumer tastes and regulatory challenges, stakeholders in the gambling industry should embrace new ideas while prioritizing consumer safety. This approach can help sustain growth and significantly contribute to the country’s economy. 

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Exclusive Q&A with Christoffer Ødegården, Head of Casino at Bojoko

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With growing competition in the online casino industry, finding effective ways to attract new players is crucial for operators. To discover which strategies are the most effective, we contacted Christoffer Ødegården.
Reading Time: 3 minutes

 

With growing competition in the online casino industry, finding effective ways to attract new players is crucial for operators. To discover which strategies are the most effective, we contacted Christoffer Ødegården. He serves as Head of Casino at Bojoko, one of the top affiliates in the UK, and has access to comprehensive data on what features help secure additional FTDs. In this interview, he shares how diversifying payment options, lowering deposit limits, and refining bonuses can help casinos stay competitive.

 

What are the most effective strategies casinos can use to increase FTDs?

Most casinos focus on tweaking their bonuses to attract new players, which is effective. However, it can also have certain financial risks and lower player value. Our data shows that one of the fastest ways to increase FTDs is to simply expand the selection of payment methods.

It might not be intuitive, but offering a variety of methods does not just mean that players can choose what works best for them once they are on your page. Having the right payment methods will actually lead to a large number of players hearing about and exploring your casino in the first place.

Could you explain the impact of offering diverse payment methods on player behavior?

Many players have specific payment preferences and will only make deposits and withdrawals with specific payment methods, some sticking with just one. It is essential to have all relevant UK payment methods to avoid missing out on these users. As I already mentioned, many Brits actively search for casinos with their preferred payment method available, and comparison sites like Bojoko cater to them.

Bojoko has pages for every popular UK payment method, where players can quickly compare their offers and make their choice. This is without ever being exposed to brands that do not offer their deposit method of choice.

Let me provide a quick example. We have noticed that many Brits actively search for Paysafecard casinos and land on our dedicated page, where they compare casinos that let you deposit with Paysafecard and sign up. These players come with high intent, resulting in higher conversion rates. It is not just Paysafecard; a long string of more niche payment methods are hugely popular amongst Brits.

Which payment methods have proven to be most beneficial?

There are almost too many to mention, but pre-paid cards like Paysafecard, e-wallets like Neosurf, and mobile payment options like Boku and PayForIt are clearly gaining popularity. We have also seen an enormous rise in PayPal in the last few years, and the industry has responded, with most British casinos now offering PayPal. ApplePay is another mainstream payment method that has somehow been largely ignored among online casinos.

How should casinos respond to these emerging trends?

Casinos should always try to quickly embrace these trends, as the earlier they adapt, the more players they stand to earn. There is always an adaption curve where the less common payment methods are only available at a few operators, meaning they share the entire pot of players searching for these options.

I’d also recommend utilizing their relationship with affiliates like Bojoko, which can also amplify visibility. As I mentioned, our platform provides curated lists that guide players to casinos offering their preferred payment method. This visibility and alignment with player preferences often result in a noticeable uptick in FTDs. However, our collaboration with casinos goes beyond simply listing them on these pages. We can and do also provide insights on which payment methods and other features they should add to increase their FTDs.

You mentioned other features they can add to increase their FTDs. What specifically are you referring to? 

Another quick way for a casino to increase their FTDs is to lower the deposit limits. This makes it easier for players to sign up and get a sense of your brand. High minimum deposits can deter new players who want to try the casino without committing too much upfront.

I’d also like to specify that bonuses are still a powerful tool, with no deposit bonuses in particular being an effective way to bring in new players. However, these require a strong focus on player retention to avoid risks like bonus abuse. Less risky bonus options include increasing the percentage of your welcome bonus and trying out wager-free offers. However, no matter what you do, effective retention strategies remain key to ensuring players continue depositing after their initial experience.

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Lower Your Credit Card’s Interest Rate – Here’s How

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Credit cards are some of the most robust financial instruments you can have. They allow you the flexibility to make purchases, get cashbacks, rewards points, and frequent-flyer miles. Credit cards also allow you to grow your credit limit and pay without interest during the grace period.

Conversely, late repayment leads to high interest rates, with some Annual Percentage Rates (APRs) as high as 30%. So, repay your balance in full each month to avoid incurring any interest. But if you cannot, this article will show you how to get lower interest rates.

Assess your Credit Health

You can only negotiate for a better APR when you fully understand your credit health. Credit health/score is a significant component of your credit. Log into your bank account or contact the bank to find out your current score and find a way to boost it. The higher your credit score is, the better the APR you can get from your credit card issuer. Lenders instinctively offer a higher APR to customers with a low income, lower credit score, or higher credit balances due to the higher risk of default.

You can improve your credit health by making on-time payments and clearing outstanding debts. Moreover, use your credit card regularly to pay rent, utility bills, online purchases, or make deposits at online casinos accepting credit cards but avoid maxing out your card. Positive card activities can help build a good credit score.

Then get all the facts right about your finances. You should know everything about your income, expenses, total assets, liabilities, and other financial details.

Talk to Your Lender

Once you have all the details, the second step is to talk to your lender. You can simply ask them to lower your credit limit. In some cases, it is just that easy and does not have to involve so many hoops and jumps. A low APR can be any interest rate of 10% and below.

Share Your Financial History

Tell the credit card lender about your financial situation based on the facts you have collected in the first step. Try to inform them of your good credit history or if your credit score improved recently since the credit rating is done yearly. Make a respectful case regarding rival company offers you’ve received and any financial hardships you are facing. If the lender cannot match the competitor’s offerings, they consider providing you with other perks instead of the interest rate, such as bonuses or a waived annual fee.

Call Again

Negotiations may be tense, so do not be discouraged if the sales representative won’t budge. You can call later and talk to a different representative or politely request to talk to a supervisor.

Suggest Closing Your Accounts

If all options fail, you can consider closing your accounts. However, this option carries a lot of consequences since you will have to clear your current credit bills before closing your account. This option may not work when you have crippling credit card debt.

Consider a Credit Transfer

Sometimes, negotiating with your current lender won’t yield meaningful results. In this case, you may consider moving your outstanding debt from one or more credit cards onto a new card, ideally with a lower interest rate. Compare various credit companies including Visa and MasterCard to get the best low APR. However, you must pay a transfer fee ranging from 4 to 5% of the credit you are transferring.

Fortunately, most lenders offer 0% introductory APRs on balance transfers for a set introductory period, which may vary between 6 and 21 months. The added time can help you clear your debt at a lower interest rate and improve your credit score, which prequalifies you for even lower interest rates. Balance transfers typically cannot happen within the same bank/lender.

Footnote:

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