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UNIS:AVA, Apr 23, 04:49 UTC

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News

Questions dog Avant on customer satisfaction as growth resumes

AVA

Fresh from a $3.9 million settlement that spotlighted borrower horror stories from the past, Avant now faces fresher consumer unhappiness disclosed in a new J.D. The Chicago-based online consumer lender, a few years ago the fastest-growing local startup since Groupon, has made a concerted effort to conduct its business in a low-profile fashion since it hit a rough patch in 2016, resulting in hundreds of layoffs and a reboot of its loan underwriting. Once a "unicorn"—with a valuation of about $2 billion in 2015 when Avant last raised equity—the firm has been a methodical and quiet comeback story since the bubble popped. But that changed April 15 with the filing of a Federal Trade Commission complaint that alleged Avant had overcharged hundreds of borrowers in numerous ways due to the firm's poor systems for handling transactions. The complaint, and resulting $3.9 million settlement, thrust Avant into the unwanted spotlight as an example of the downsides to this new breed of lender serving consumers willing to pay interest rates around 30 percent to consolidate debt or cover surprise expenses.

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Story Sources

chicagobusiness.com
Topics:
  • Business
  • Financial
News

Avant CEO: Brokers need to ensure relationships come first

AVA

Avant Insurance Brokers (Avant), a Manitoba family-owned commercial and VIP home insurance specialist, is only three-years-old and yet the brokerage is winning awards and being recognized ahead of long-established, deep-pocketed competitors. It was all about dealing with clients as quickly and efficiently as possible without doing any hard work,” Cole Leitch told Insurance Business. It has enabled the brokerage to grow significantly in just three years and to establish a very healthy client retention rate – two of many success factors that contributed to Avant being named one of Insurance Business Canada’s Top 10 Brokerages 2019. “If brokers want to compete simply on price, a client isn’t going to care how much they’re paying for insurance if they’ve got a fire going on in their building, if they’ve been robbed, or if they’ve had a major liability loss. If we do all the right work at the beginning of the process, and we find out the who, what, where, why, when and how of everything, the insurance will be the cheapest it should be, but it’s also going to be the coverage it should be.

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Topics:
  • Business
  • Financial

Saturday, April 20


Social Chatter

Avant (UNIS:AVA) social chatter is higher than usual

AVA
In @tnyshouts: Starting around 2011, the Photographer fell in with some of the major exponents of American artistic… https://t.co/OFsypd1rkQ

Friday, April 19


News

Avant Survey: Partners Must Adapt to Industry Change or Risk Falling Behind

AVA

Avant Survey: Partners Must Adapt to Industry Change or Risk Falling Behind. In a rapidly changing IT world that’s quickly embracing the cloud, channel partners that aren’t selling emerging services like software-defined WAN and unified communications as a service risk being run over by the competition, according to a new survey by Chicago-based master agent Avant. “If you’re having a sales conversation at a higher level in the stack, if you’re having a conversation about security, about SD-WAN, about UCaaS, you’ve automatically pulled through voice and data services.”. Those partners made up 24 percent of the 187 channel sellers surveyed and sold a broad portfolio of services — voice, UCaaS, SD-WAN, data connectivity, colocation, infrastructure as a service (IaaS), security as a service (SECaaS), office productivity and software as a service (SaaS). However, they grabbed 41 percent of the network and voice sales, outperforming the 39 percent of partners that sold mostly voice, UCaaS, SD-WAN and data connectivity.

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Topics:
  • Business
  • Financial
  • Science
Social Chatter

Avant (UNIS:AVA) social chatter is higher than usual

AVA
Town Talk: Style show made big hair even bigger: Avant Garde salon owner Jon Paul Holt and dancer-choreographer producer Viktoria Langton showcased plenty of hair in a good cause. https://t.co/wPv51PvLus #LocalArts #Diversity https://t.co/fJ5nFNH35a

Thursday, April 18


Social Chatter

Avant (UNIS:AVA) social chatter is higher than usual

AVA
#AVANT for Farming https://t.co/BDyCxt0Idu A really great video showing the Avant loader working in Agriculture and farms. BUY or HIRE from TVE Hire & Sales LTD
News

Avant Diagnostics (AVDX) vs. Enzo Biochem (ENZ) Financial Contrast

AVA

Enzo Biochem (NYSE:ENZ) and Avant Diagnostics (OTCMKTS:AVDX) are both small-cap medical companies, but which is the superior business? We will compare the two companies based on the strength of their valuation, earnings, dividends, institutional ownership, profitability, analyst recommendations and risk. This table compares Enzo Biochem and Avant Diagnostics’ net margins, return on equity and return on assets. This is a summary of recent ratings and recommmendations for Enzo Biochem and Avant Diagnostics, as reported by MarketBeat.

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Story Sources

pressoracle.com
Topics:
  • Business
  • Health
  • Financial

Tuesday, April 16


News

AVANT Releases its Inaugural State of Disruption Study to Understand the Technology Adoption Trends

AVA

The AVANT Insight Report is supported with sponsorship from 8x8, Flexential, HOSTING, Masergy, NICE inContact and Oracle Communications -- all partners in the master agent’s growing portfolio of best-in-class solutions. Powered by AVANT’s ecosystem of channel sales professionals, or Trusted Advisors, the State of Disruption report surveyed 300 U.S. enterprise technology leaders at the manager level and above who lead tech purchasing decisions. AVANT examined four key components of enterprise tech stacks compute IT infrastructure, voice infrastructure, network infrastructure and cybersecurity — with an eye on how companies are shifting from physical and/or in-house solutions to third-party and/or cloud-based solutions. From pre-SD-WAN networks to SD-WAN: SD-WAN is the most disruptive overall technology category reviewed, with respondents anticipating a 13% RDI from 2018 to 2019, with the consulting/business services industry forecasting the greatest level of disruption with a 20% RDI.

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Story Sources

it.toolbox.com
Topics:
  • Business
  • Financial
  • Science
Social Chatter
News

Avant Meats: "Our Products are a Pragmatic Way for People to Reduce Harm to Animals and the Environment" - vegconomist - the vegan business magazine

AVA

I realised that it is unrealistic to expect most people to give up animal protein quickly enough to offset the adverse environmental implications we are already facing. As we operate in China and Hong Kong, we are concerned that China tops the list for meat consumption. This is not good for anyone: neither for the aquatic creatures nor humans who consume them. What vegan fish / seafood products are you planning to launch and when will they be available? We appeal to them to switch to our products which are produced in a more sustainable way. As our products contain cells from animals, it does not fit the definition of vegan. Future commercial production will take place in purpose-built facilities that comply with relevant biotech and food manufacturing standards, such as GMP, HACCP and HARPC. How will cell based fish and seafood influence the conventional fish market in the next ten years? For the China seafood market, people will continue to learn from food scandals and grow in knowledge about what can go wrong in a food supply chain.

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Story Sources

vegconomist.com
Topics:
  • Business
  • Health
  • Financial
  • Science