MCLEAN, Va., Oct. 14, 2020 /PRNewswire/ — Dovel Technologies announced today that Ace Info Solutions, LLC (AceInfo) has been awarded a Task Order from the U.S. Department of Agriculture (USDA), Farm Production and Conservation (FPAC) Risk Management Agency (RMA) for Crop Insurance Software Development Delivery Services. The RMA’s mission is to serve America’s agricultural producers through effective, market-based risk management tools and solutions to strengthen the economic stability of agricultural producers and rural communities. In 2019, RMA managed nearly $115 billion worth of insurance liability.

(PRNewsfoto/Dovel Technologies)

The USDA Crop Insurance Software Delivery Support Services task order, awarded through the USDA FS DAITSS BPA contract vehicle, has a base year plus three option years and an estimated value of $59M. Under this Task Order, AceInfo will provide a full range of software development services to support the development and delivery of new crop insurance products, sustain and modernize current applications and tools in production, as well as innovate, design, deploy, develop, and maintain new IT systems.

“AceInfo stands ready to collaborate with RMA on solutions that make the delivery of new insurance products and services more efficient for both the agency and the farmers it serves,” said Mike Cosgrave, AceInfo COO. “We look forward to applying innovative development methodologies and delivering modernized solutions to enhance this important program.”

Together, Dovel and AceInfo’s approach to technology solution development is fueled by an innovation-focused culture and entrepreneurial DNA that accelerates agency missions and contributes to improving, protecting, and saving lives. As a result, government customers can optimize operational outcomes, strengthen IT capabilities, and implement best practices for highly complex and critical programs.

“Our team is excited to support USDA FPAC’s efforts to meet the needs of our nation’s agricultural producers,” said Damon Griggs, Dovel CEO. “Our long-standing history with

American economists Paul Milgrom and Robert Wilson have been awarded the 2020 Nobel Prize in economics for their contributions to auction theory, the Royal Swedish Academy of Sciences said on Monday.



Paul Milgrom wearing a suit and tie smiling at the camera: Left: Paul R. Milgrom, Right: Robert B. Wilson:


© Stanford Graduate School of Business
Left: Paul R. Milgrom, Right: Robert B. Wilson:

Milgrom and Wilson, who are both professors at Stanford University in California, were recognized for theoretical discoveries that improved how auctions work. According to the Royal Swedish Academy of Sciences, they also designed auction formats for goods and services that are difficult to sell in a traditional way, such as radio frequencies.

“This year’s Laureates in Economic Sciences started out with fundamental theory and later used their results in practical applications, which have spread globally. Their discoveries are of great benefit to society,” Peter Fredriksson, chair of the prize committee, said in a statement.

According to the Royal Swedish Academy of Sciences, the economists invented new formats for auctioning many interrelated objects on behalf of a seller motivated by doing good for society rather than simply achieving the highest price possible.

In 1994, US authorities first used one of their formats to sell bands of radio spectrum. Doing so helped ensure that taxpayers were benefiting from the sale of radio frequencies that were owned by the government but of enormous value to mobile network operators.

The prize for economics is officially known as the Sveriges Riksbank Prize in Economic Sciences. It was established by Sweden’s central bank and has been awarded since 1969 in memory of industrialist Alfred Nobel.

Milgrom and Wilson will share 10 million Swedish kroner ($1.1 million) in prize money.

In 2019, the economics prize was awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer for their work to alleviate global poverty. Duflo, a professor at the Massachusetts Institute of Technology,

The MarketWatch News Department was not involved in the creation of this content.

TORONTO, Sep. 30, 2020 (Canada NewsWire via COMTEX) —
TD Wins Five Global Finance Digital Bank Awards in 2020

TD Bank Group (TD) was recognized in five regional categories in the 2020 North American Global Finance Digital Bank Awards, including:

    --  Most Innovative Digital Bank
    --  Best Online Product Offerings
    --  Best Bill Payment & Presentment
    --  Best Mobile Banking Adaptive Site
    --  Best Information Security and Fraud Management


“We’re honoured to be recognized for our innovative work in digital banking,” said Rizwan Khalfan, Chief Digital and Payments Officer at TD. “We know our more than 14 million active online and mobile customers want and need advanced digital solutions, and at TD we are committed to re-imagining the banking experience to empower our customers.”

The COVID-19 pandemic accelerated the journey TD was already on to provide customers with seamless and connected digital experiences. By leveraging its digital properties, TD has been able to help its customers gain more insights into their spending through tools like TD MySpend and TD Clari, transact safely using online and mobile banking at TD and access financial relief through new digitized forms.

“This year, a global pandemic accelerated the transition to digital banking, but forward-thinking banks were already on that road,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “The Digital Bank Awards seek to spotlight those institutions that we believe are leading the shift toward a new world of banking.”

The Global Finance award winners are evaluated by a world-class panel of judges at Infosys, a global leader in consulting, technology and outsourcing. The awards are a trusted standard of excellence among the world’s financial community. Winning banks were selected based on the following criteria:

    --  Strength of