Capitalise.ai and Pepperstone announce strategic partnership to enhance trading experience

Pepperstone will offer their traders an innovative AI-driven auto-trading experience

Pepperstone, an award-winning CFD & Forex broker has teamed up with Capitalise.ai to offer their traders a seamless, auto-trading experience. This new partnership enables Pepperstone clients to easily analyze, automate and execute their trading strategies without any coding knowledge, based on natural language processing (NLP)

TEL AVIV, Israel and MELBOURNE, Australia, Sept. 21, 2022 /PRNewswire/ — Capitalise.ai, a leading global technology provider of a groundbreaking trading automation and analysis platform and Pepperstone, a leading Forex & CFD Broker, have announced a strategic partnership that provides Pepperstone clients with a seamless auto-trading experience by fully automating their trading strategies using free-style text input, and receiving alerts and insights provided by Capitalise.ai’s engine.

Pepperstone clients now have a smooth and easy way of creating, analyzing and automating their trading scenarios while on the go, with no need for any coding or technical skills. Capitalise.ai’s proprietary technology uses artificial intelligence (AI), machine learning (ML) and natural language processing (NLP) to turn simple English text entered by traders into custom algorithmic trading strategies.

Pepperstone traders can use Capitalise.ai’s full suite of analytics and automated trading tools free of charge, including backtesting, loop strategies, smart notifications and much more. Available on Capitalise.ai’s mobile app for Android and iOS, traders can stay in control of their trades 24/7, 365 days a year, and free themselves from the desktop or from biased and/or emotional decisions.

“Our vision is to create a better way to trade for our clients and we continue to invest in trading technology that brings the world’s financial markets to astute, adventurous traders. Equipping our clients with advanced automation and analytics capabilities on our platform, is another example of how Pepperstone continues to deliver to the day-to-day needs of professional traders,” said James Perry-Keene, Head of APAC & LATAM Strategic Partnerships, Pepperstone.

“Capitalise.ai has developed an outstanding platform that makes creating automated trading strategies a super-easy and smooth experience. We are rated for Overall Client Satisfaction in both the UK and Australian Investment Trends surveys and we believe that integrating Capitalise.ai into Pepperstone helps us continue to offer our clients the best quality service.”

Amir Shiovich, Capitalise.ai CEO & Co-Founder: “2022 has been an incredible year in online trading, exceeding our expectations and spring boarding off a very impressive 2021. Pepperstone is a globally trusted and award-winning broker, and have a track record of putting client experiences ahead of everything else. We look forward to bringing significant value to Pepperstone traders and making a real, positive impact in their daily trading habits. We are excited to welcome them on board.”

About Pepperstone

Established in 2010, Pepperstone has grown to become an award-winning online global forex and CFD broker known for delivering exceptional client service to tens of thousands of clients around the world. Pepperstone has subsidiaries across the globe and is regulated by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySec), the Securities Commission of The Bahamas (SCB), the Dubai Financial Services Authority (DFSA), the Federal Financial Supervisory Authority (BaFin) and The Capital Markets Authority of Kenya (CMA).

About Capitalise.ai

Capitalise.ai is a world leader creator of an analytics and trading automation platform that amplifies top-tier brokerage firms’ performance by offering a game changing trading experience for traders worldwide. Since 2021, Capitalise.ai more than quadrupled its number of partnerships, usage scale and trading activity.

With Capitalise.ai, brokers can offer their traders analytical instruments and seamless automated trading experience previously reserved only for highly technical traders with the know-how to build scripts on their own or use technical solutions. For the first time, traders with zero technical skills can automate their trading, using freestyle text.

Capitalise.ai’s platform is extensive and rich in capabilities and features and is being utilized by leading brokers worldwide.

https://www.capitalise.ai

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An unusual diagnostic experience with MUCAR CDE900

LOS ANGELES, Sept. 21, 2022 /PRNewswire/ — With the rapid development of automobile electronization, the mechanical and electrical integration of diagnostic products is becoming more and more obvious. While we try our best to improve the function of the car through electronic control system, the difficulty of fault diagnosis is becoming more and more difficult. To improve maintenance quality and efficiency, the company proudly present the MUCAR CDE900, a new generation of diagnostic device.

MUCAR CDE900
MUCAR CDE900

MUCAR CDE900 is a very powerful device. It has 4-inches large touchscreen, whereas other OBD devices on the market normally have very small screens.  The CDE900 can be performed directly on the screen and switched on the display format of data display at the same time, including compact option, magnification option, curve graph option. The running speed is nearly 30% faster than other traditional OBD devices’. There is also a set of physical buttons below the screen, which is easy to use while wearing gloves.

MUCAR CDE900 supports fault codes reading of engine, EGR system, oxygen sensor, oil system, catalytic converter, and emission controller, etc. Android 6.0 intelligent system ensures the rapid and stable system running. It adopts 2G memory and 16G storage with extended SD card up to 256G. Common fault codes can be quickly read by just one-key click. The fault codes will be classified by colors and users can choose the different data to compare. Such visualized data changing provides an accurate reference.

What’s more, while connecting with WiFi, users can send all vehicle diagnostic information and diagnostic results by email to professional mechanics for technical help. Lifetime free OTA upgrade saves a lot of fees in the future and eliminate problems in downloading, transferring and installing. MUCAR CDE900 supports 16 languages, communication protocol optimization. It is compatible with vehicles after 1996. Users can even pay for an advanced package on the MUCAR CDE900 to unlock more system features.

The MUCAR CDE900 achieves a superior standard in both appearance and function. It is currently available on AliExpress, Ebay and other e-commerce platforms. The MSRP is $49.

https://www.ebay.com/itm/314129664124

Contact: service@mucar.com 

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Jacqueline Shi: Huawei Cloud Stresses “By Local, For Local” to Drive Digital Transformation

BANGKOK, Sept. 20, 2022 /PRNewswire/ — On September 19, HUAWEI CONNECT 2022 kicked off in Bangkok, Thailand. Jacqueline Shi, President of Huawei Cloud’s Global Marketing and Sales Service, stressed Huawei Cloud’s commitment to the goal of “By Local, For Local” in fostering a strong ecosystem for digitalization. Huawei Cloud believes that it is only when the local ecosystem grows, can digital transformation grow, and in a healthy and sustainable way.

Jacqueline Shi, President of Huawei Cloud's Global Marketing and Sales Service
Jacqueline Shi, President of Huawei Cloud’s Global Marketing and Sales Service

Huawei Cloud continues to provide leading digital technologies for users around the world, enabling enterprises and developers to better achieve digital development. To better provide local services, Huawei Cloud continues to build one global network to deliver high-quality cloud services with consistent experience. In the Asia Pacific since 2018, Huawei Cloud has operated local nodes in Singapore and Malaysia, and is the first public cloud provider to do so in Thailand. Huawei Cloud builds 3AZ data centers in Bangkok, Chonburi, and Samut Prakan, and provides website and consulting services in Thai.

In addition, Huawei Cloud and partners build a digital industry ecosystem by all and for all. Huawei Cloud works tirelessly to build a global startup ecosystem. Multiple forms of enablement, such as cost optimization, technical support, entrepreneurship training, and business resources will empower at least 10,000 high-potential startups worldwide in the next three years, helping startups move to the cloud agilely and focus on innovation.

In the Asia Pacific alone, more than 120 enterprises have joined the Huawei Cloud Startup Program. For example, Huawei Cloud helped ReverseAds expand its business in Thailand, Singapore, and South America. Through this program, ReverseAds has received financing of more than USD20 million. “We will further promote the startup program to the world. We hope that more and more enterprises like ReverseAds can innovate and achieve win-win,” said Ms. Shi.

At HUAWEI CONNECT 2022, Huawei Cloud also released the “Go Cloud, Go Global” ecosystem plan to share Huawei’s local compliance and human resources in more than 170 countries and regions. The plan also shares Huawei Cloud’s insights into industries and the hottest domains, as well as corresponding product and solutions for more enterprises to go global.

Ms. Shi released 15 innovative services at the conference, including CCE Turbo (Cloud Container Engine), UCS (Ubiquitous Cloud Native Service), Pangu wave model, DataArts LakeFormation, Virtual Live, CodeCheck and CloudTest, KooMessage, KooSearch, and KooGallery. This is the first time the services are announced for global implementation.

Edge Automation: Seven Industry Use Cases & Examples

Put simply, edge computing is computing that takes place at or near the physical location of either the user or the source of the data being processed, such as a device or sensor.

By placing computing services closer to these locations, users benefit from faster, more reliable services and organizations benefit from the flexibility and agility of the open hybrid cloud.

Challenges in Edge Computing

With the proliferation of devices and services at edge sites, however, there is an increasing amount to manage outside the sphere of traditional operations. Platforms are being extended well beyond the data- centre, devices are multiplying and spreading across vast areas, and on-demand applications and services are running in significantly different and distant locations.

woman in yellow long sleeve shirt looking at computer data
Photo by Kampus Production on Pexels.com

This evolving IT landscape is posing new challenges for organizations, including:

  • Ensuring they have the skills to address evolving edge infrastructure requirements.
  • Building capabilities that can react with minimal human interaction in a more secure and trusted way.
  • Effectively scaling at the edge with an ever-increasing number of devices and endpoints to consider.

Of course, while there are difficult challenges to overcome, many of them can be mitigated with edge automation.

Benefits of Edge Automation

Automating operations at the edge can reduce much of the complexity that comes from extending hybrid cloud infrastructure so you are better able to take advantage of the benefits edge computing provides.

Edge automation can help your organization:

  • Increase scalability by applying configurations more consistently across your infrastructure and managing edge devices more efficiently.
  • Boost agility by adapting to changing customer demands and using edge resources only as needed.
  • Focus on remote operational security and safety by running updates, patches and required maintenance automatically without sending a technician to the site.
  • Reduce downtime by simplifying network management and reducing the chance of human error.
  • Improve efficiency by increasing performance with automated analysis, monitoring and alerting.

7 Examples of Edge Automation

Here are some industry-specific use cases and examples demonstrating edge automation’s value.

1. Transportation industry

By automating complex manual device configuration processes, transportation companies can efficiently deploy software and application updates to trains, aeroplanes and other moving vehicles with significantly less human intervention. This can save time and help eliminate manual configuration errors, freeing teams to work on more strategic, innovative and valuable projects.

beige and red train
Photo by Paul IJsendoorn on Pexels.com

Compared to a manual approach, automating device installation and management is generally safer and more reliable.

2. Retail

Establishing a new retail store and getting its digital services online can be complex, involving configuration management of networked devices, configuration auditing and setting up computing resources across the retail facility. And once a store is set up and open to the public, the IT focus shifts from speed and scale to consistency and reliability.

Edge automation gives retail stores the ability to stand up and maintain new devices more quickly and consistently while reducing manual configuration and update errors.

3. Industry 4.0

From oil and gas refineries to smart factories to supply chains, Industry 4.0 is seeing the integration of technologies such as the internet of things (IoT), cloud computing, analytics and artificial intelligence/machine learning (AI/ML) into industrial production facilities and across operations.

One example of the value of edge automation in Industry 4.0 can be found on the manufacturing floor. There, supported by visualization algorithms, edge automation can help detect defects in manufactured components on the assembly line. It can also help improve the safety of factory operations by identifying and alerting hazardous conditions or unpermitted actions.

4. Telecommunications, media and entertainment

The advantages edge automation can provide to service providers are numerous and include clear improvements to customer experience.

For example, edge automation can turn the data edge devices produce into valuable insights that can be used to improve customer experience, such as automatically resolving connectivity issues.

antique broken cell phone communication
Photo by Pixabay on Pexels.com

The delivery of new services can also be streamlined with edge automation. Service providers can send a device to a customer’s home or office that they can simply plug in and run, without the need for a technician on site. Automating service delivery not only improves the customer experience, it creates a more efficient network maintenance process, with the potential of reducing costs.

5. Financial services and insurance

Customers are demanding more personalized financial services and tools that can be accessed from virtually anywhere, including from customers’ mobile devices.

For example, if a bank launches a self-service tool to help their customers find the right offering — such as a new insurance package, a mortgage, or a credit card — edge automation can help that bank scale the new service while also automatically meeting strict industry security standards without impacting the customer experience. 

Edge automation can help provide the speed and access that customers want, with the reliability and scalability that financial service providers need.

6. Smart cities

To improve services while increasing efficiency, many municipalities are incorporating edge technologies such as IoT and AI/ML to monitor and respond to issues affecting public safety, citizen satisfaction and environmental sustainability.

Early smart city projects were constrained by the technology of the time, but the rollout of 5G networks (and new communications technologies still to come) not only increase data speeds but also makes it possible to connect more devices. To scale capabilities more effectively, smart cities need to automate edge operations, including data collection, processing, monitoring and alerting.

7. Healthcare

Healthcare has long since started to move away from hospitals toward remote care treatment options such as outpatient centres, clinics and freestanding emergency rooms, and technologies have evolved and proliferated to support these new environments. Clinical decision-making can also be improved and personalized based on patient data generated from wearables and a variety of other medical devices.

people woman sitting technology
Photo by MART PRODUCTION on Pexels.com

Using automation, edge computing and analytics, clinicians can efficiently convert this flood of new data into valuable insights to help improve patient outcomes while delivering both financial and operational value.

Red Hat Edge

Modern compute platforms powered by Red Hat Edge can help organizations extend their open hybrid cloud to the edge. Red Hat Edge represents Red Hat’s collective drive to integrate edge computing across the open hybrid cloud. Red Hat’s large and growing ecosystem of partners and open methodologies give organizations the flexibility they need to build platforms that can respond to rapidly changing market conditions and create differentiated offerings.

TIER IV to Start Mass Production of Automotive HDR Cameras for Autonomous Driving Applications and Sales through Five Distributors

TOKYO, Sept. 20, 2022 /PRNewswire/ — TIER IV, an open source autonomous driving startup, is pleased to announce that it will start mass production of new Automotive HDR Cameras optimized for autonomous driving applications in October 2022. Sales targeting a wide range of customers in the market will be consigned to five distributors: Aisan Technology, ASMEC, Okaya & Co, PALTEK CORPORATION and Ryoden Corporation.

Background

Camera technology plays a crucial role in advanced driver assistance systems and Level 2 autonomous driving systems. It is also indispensable for the invention of Level 3 and Level 4 autonomous driving systems.

TIER IV has been engaged in the development of automotive cameras that outperform standard vision cameras in autonomous driving systems by applying extensive knowledge and advanced software design know-how acquired through a number of international flagship projects. Tests conducted for more than a year on this newly developed camera have demonstrated outstanding performance with regard to object detection and scene understanding in particular, which has ushered in its use as a standard camera for autonomous vehicles. TIER IV has been receiving many inquiries about its possible use not only in the area of autonomous driving but also for various purposes such as autonomous mobile robots, security and surveillance systems.

Product features

In addition to image quality, this camera boasts superb performance compared with existing commercially available cameras. TIER IV also offers an extensive array of support that will enable users to easily develop applications on their own.

Image Quality Features

High dynamic range (HDR)

–  Enables users to get images without blown out highlights or crushed shadows even in high-contrast scenes with high dynamic range of up to 120dB

High sensitivity and low
noise

–  Suppress noise even in low-light environments for high-quality images 

LED flicker mitigation

–  Mitigates flicker caused by LED traffic lights that have become more common in recent years

Other Features

Optical design and pre-shipment adjustments

 

–  Uses only high-quality automotive lenses that minimize defocusing owing to temperature changes

–  The lens is fixed by enabling high-precision adjustment of the focal position as well as the center, rotation and tilt of the lens and the image plane using a five-axis active alignment system. Additional work such as individual focal adjustment is not necessary because the camera is shipped while uniformly maintaining high optical performance.

Built-in image signal processor (ISP)

–  As the built-in ISP is capable of white balance adjustment and HDR rendering, processing load on the host side is reduced.

–  Supports various kinds of correction including lens distortion correction 

External synchronization function

–  Enables shutter control according to synchronization signals from the host (supports synchronization by FSYNC signals based on GMSL2 protocol)

Superior environmental durability

–  Guaranteed operating temperature range: ‒40°C to 85°C

–  Waterproof and dustproof performance equivalent to IP69K

Maintenance of automotive quality

 

–  Uses parts that meet AEC standards (Q100, Q101, and Q200)

–  Automotive grade manufacturing management is ensured and shipment inspections are conducted, both of which conform to IATF16949 and ISO26262 standards.

Support Features

Driver support

 

–  Supports Linux Kernel Driver (supporting major Jetson products manufactured by NVIDIA, ROScube-X manufactured by ADLINK Technology, and other industrial ECU products)

–  Supports ROS1/ROS2 Driver

Image quality adjustment

–  Image processing parameters adjusted on the basis of data from diverse practical environments such as public road tests, and simple image quality adjustment via API is also supported.

Connectivity with Autoware*

–  Enables smooth cooperation with camera-based recognition functions included in Autoware and Web.Auto, the development and application platform offered by TIER IV.

* Autoware is a registered trademark of the Autoware Foundation.

Future Development

In the future, in order to respond to a wide range of customer needs, TIER IV will commercialize a GMSL2-USB3 conversion kit so that customers can use this camera through a USB connection just like conventional Web cameras. The company will also add to its product lineup a new 5.4 megapixel high-definition model (C2) that uses Sony’s IMX490 CMOS image sensor. Furthermore, TIER IV is developing autonomous driving system development kits that are integrated with LiDARs and ECUs. By providing these products to the market, the company will step up initiatives to realize its vision “The Art of Open Source, Reimagine Intelligent Vehicles.”

Product Website
https://sensor.tier4.jp/automotive-hdr-camera

Business Inquires
email: camera@tier4.jp

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Source: TIER IV, INC.

StradVision Wins AutoSens 2022 Gold Award for Perception Software

  • This is the second year in a row where StradVision’s SVNet deep-learning based camera perception software has been honored as a top prize winner of the industry

SEOUL, South Korea, Sept. 19, 2022 /PRNewswire/ — StradVision, an AI-based video perception  technology company for Autonomous Vehicles and ADAS, is honored to announce that its SVNet software was once again selected as the ‘Best-in-Class Software for Perception Systems’ during the 2022 AutoSens Awards in Brussels, Belgium.

StradVision Wins AutoSens 2022 Gold Award for Perception Software
StradVision Wins AutoSens 2022 Gold Award for Perception Software

The AutoSens Awards have become one of the industry’s leading events for the ADAS and autonomous vehicle technology community, recognizing the most innovative companies and products leading the global autonomous driving industry. StradVision’s Gold Award selection was made during this year’s award ceremony held on September 13. The company’s SVNet was recognized for the second year in a row regarding its deep learning-based camera perception software that continues to mature within the automotive space and accelerate the ADAS and autonomous driving sector forward. StradVision’s Dean Kim (Vice President of Business Development) and Andreas vom Felde (General Manager & Head of Sales Region Europe) were in event attendance to accept the award.

“This high recognition by AutoSens for the second year is a tremendous honor for our company,” said Junhwan Kim, CEO of StradVision. “Our goals have been very ambitious for business growth and innovation, and this year has brought many milestone moments for us. AutoSens’ Gold Award for our SVNet perception software will continue our motivation as we pursue more ways to advance autonomous driving and ADAS solutions for the global community.”

“We’ve experienced exponential business growth and recognition from the global community over the past year,” said Dean Kim, StradVision’s Vice President of Business Development. “Seeing our SVNet software selected once again by AutoSens this year is incredible and we believe further spotlights the potential our perception solutions can bring for OEMs and Tier-1s in the automotive industry worldwide.”

StradVision’s SVNet is state-of-the-art software that powers the perception technology behind ADAS and autonomous vehicles, enabling external vehicle perception via 14+ platforms across Qualcomm, Texas Instruments, Renesas, NVIDIA and other chipset makers to accurately and safely detect and recognize objects (even in poor lighting or harsh weather conditions), such as other vehicles, lanes, pedestrians, animals, free space, traffic signs, and lights.  SVNet was the first network to run deep learning-based object detection software on TDA2x, R-car V3H, V3M, and H3, and now also provides deep neural network across Snapdragon Ride, Orin, Jacinto, R-car series and Ambarella CV series. Other StradVision products include SVNet Tools, which removes the need to have a large team spending hundreds of hours correcting objects with the risk of human error.

About StradVision

Founded in 2014, StradVision is an automotive industry pioneer in AI-based vision processing technology for Advanced Driver Assistance Systems (ADAS). The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. StradVision’s SVNet is being deployed on various vehicle models in partnership with OEMs and powers ADAS & Autonomous Vehicles worldwide and is serviced by over 300 employees in Seoul, San Jose, Detroit, Tokyo, Shanghai, Friedrichshafen, and Dusseldorf. StradVision has been honored with the Gold Award at the 2021 and 2022 AutoSens Awards for Best-in-Class Software for Perception Systems, and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (Software Category). In addition, StradVision’s software is certified to the ISO 9001:2015 for Quality Management System and ISO 26262 for Automotive Functional Safety.

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Where Should You Get Your Apple iPhone 14 and iPhone 14 Pro From? 

We know that the Apple iPhone 14 and iPhone 14 Pro starts at MYR 4,199 and MYR 5,299 respectively. While Apple maintained the same US$ pricing for the iPhone 14 and iPhone 14 Pro models, prices in Malaysia has gone up a little thanks to some shifts in currency exchange rates. The price tag, for Malaysia at least, is still a little hefty if you want to get the device directly from Apple. 

U Mobile iP14
Source: U Mobile

Pre-orders for Malaysia have started during the weekends (16th of September 2022 to be exact). Thankfully, you do not have to place your pre-orders specifically with Apple directly. You can do it with all the major carriers in Malaysia at this point, including U Mobile. With these network providers too, you can get your iPhone with their existing postpaid plan, so rather than paying for your iPhone in a single hefty payment, you can space out your payment together with your phone plan over a year to two years. 

Maxis iP14
Source: Maxis

Maxis, Celcom, Digi, and even U Mobile has revealed their most anticipated phone plans, their postpaid plans for the upcoming Apple iPhone 14 and iPhone 14 Pro models. The most affordable way to own an Apple iPhone 14 at this point, at least at the time of writing, is via engaging on Maxis’ Postpaid Share 48 plan. There is a small caveat here though, the Share 48 plan is technically dependent on another full Postpaid plan like the Postpaid 128. While it only gives you 30GB in monthly data quota, sharing the line with another principal line owner also allows you to share data with the principal line. On the device end, you are getting your basic Apple iPhone 14 with 128GB of storage for only MYR 116 every month. That totals to MYR 167 on a monthly basis. Once you go for the Maxis Postpaid 128 plan though, you are paying MYR 221 every month. 

Digi iP14
Source: Digi

While the Maxis Postpaid 128 plan with the iPhone 14 seems a little pricey compared to the Postpaid Share 48 plan, it is still more affordable than anything else you can find in the market at this time. The next best thing for the most basic iPhone 14 is from Digi and it totals up to MYR 240 a month. The only other network providers that allows you to own an Apple iPhone 14 for below MYR 300 is U Mobile and Celcom with their MYR 98/month plan with iPhone that will set you back a total of MYR 247 a month. These prices are exclusive of SST though, so you want to keep that in mind.  

Celcom iP14
Source: Celcom

Maxis’ Postpaid Share 48 and Postpaid 128 plans still gives you access to the highest end Apple iPhone 14 Pro Max with 1TB storage. Of course, the price of the iPhone itself will shoot up to MYR 230 every month, that is on top of the MYR 48/month you pay for your data plan. That will only total up to MYR 278 every month though, still more affordable than most of the iPhone plans you can find anywhere. Of course, the price goes up to MYR 324 the moment you go for the Maxis Postpaid 128 plan. For Celcom and Digi, you are required to have their more premium Celcom MEGA 158 (worth MYR 158/month) and Digi Postpaid 120 (worth MYR 120/month) to get your hands on Apple’s iPhone 14 Pro models. 

You can refer to all the installment and phone plans from Maxis, Celcom, Digi, and U Mobile on their respective websites.  

WeLab and Astra Complete the Acquisition of Bank Jasa Jakarta

Plans to Transform the Bank into Indonesia’s Innovative Digital Bank

  • WeLab and Astra now jointly control the bank, with a total share ownership of approximately 99.13% of BJJ
  • All relevant regulatory approvals have been obtained, including from the Financial Services Authority (OJK) of Indonesia
  • This transaction is Southeast Asia’s largest digital bank M&A transaction in 2022

HONG KONG, Sept. 19, 2022 /PRNewswire/ — WeLab, a leading pan-Asian fintech platform, today announced the completion of the acquisition of an Indonesian commercial bank, PT Bank Jasa Jakarta (BJJ), together with PT Astra International Tbk (Astra), one of Indonesia’s largest public companies. The completion is marked by the issuance of acquisition approval by the Financial Services Authority (OJK). For this transaction, a WeLab-led consortium, Welab Sky Limited (WeLab Sky), participated in the acquisition together with Astra’s subsidiary PT Sedaya Multi Investama (Astra Financial). The WeLab-led consortium has drawn wide-spread support from existing and new investors, including Allianz X, Boyu Capital, Horizons Ventures, SCBX Group[1] and TFB (Taipei Fubon Bank) Capital.

In December 2021, WeLab entered into a Share Purchase and Subscription Agreement with the shareholders of BJJ, and completed a strategic investment for 24% of BJJ. With the acquisition completed today, WeLab and Astra each holds 49.56% of BJJ shares, becoming the majority shareholders and joint controllers of the bank. The transaction is Southeast Asia’s largest digital bank M&A transaction in 2022, illustrating the substantial commitment to invest in, and contribute to digitizing Indonesia’s banking industry. The shareholders aim to transform BJJ into an innovative digital bank in Indonesia.

Simon Loong, Founder and Group CEO of WeLab, said, “Expanding WeLab’s digital banking presence across Asia, first in Hong Kong and now in Indonesia, has been one of our key strategic moves. This partnership with Astra reinforces WeLab’s strategic focus on enhancing cross-country and business synergies with partners to increase scale and reach, in order to further strengthen the breadth and depth of the existing pan-Asian fintech platform. We’re excited that our long-term partner, Astra will be collaborating with us to deliver the best tech-driven banking services through BJJ in Indonesia. We look forward to bolstering the customer trust level with the collaboration with Astra.”

President Director of Astra Djony Bunarto Tjondro said, “Investment in BJJ is in line with Astra aspirations in financial services pillars to become leading retail financial providers in Indonesia and support the growth of financial services industry as well as the economy of Indonesia.”

Propel growth and digital innovation with strong synergies between Astra and WeLab

WeLab and Astra are long time partners in Indonesia’s fintech ecosystem. This is WeLab’s second strategic partnership initiative with Astra since the formation of a fintech lending joint venture, PT Astra WeLab Digital Arta (AWDA), in 2018. The complementary strengths of the partners, including WeLab’s know-how and technology in building and being an operator in digital banking, together with Astra’s solid business ecosystem and experience as well as vast distribution network, are highly synergistic and key success factors to propel BJJ’s digital transformation and into an innovative digital bank to serve the digital financial needs of Indonesians with accessible and innovative banking solutions.

Address unmet financial needs and advocate financial inclusion  

The prospect of digital banking in Indonesia is currently on the rise and represents a huge opportunity to provide accessible and innovative digital banking solutions, especially to the retail and MSMEs (Micro, Small & Medium Enterprises) segments. The utilization of financial services in Indonesia has the potential to grow, as 77% of Indonesia’s 270-million-population is either underbanked or unbanked. The country also has a sizable population of 180 million tech-savvy younger consumers, representing a great demand for digital banking services. 

[1] SCBX Group consists of Siam Commercial Bank PCL, which is a subsidiary of SCBX PCL

About WeLab 

WeLab, a leading pan-Asian fintech platform, operates WeLab Bank as well as multiple online financial services with leading positions in Hong Kong, Mainland China, and Indonesia, with more than 50 million individual users and over 700 enterprise customers. WeLab uses game-changing technology to help customers access credit, save money, and enjoy their financial journey.

Powered by proprietary risk management technology, patented privacy computing techniques, and advanced AI capabilities, WeLab offers mobile-based consumer financing solutions and digital banking services to retail individuals and technology solutions to enterprise customers.

WeLab operates in three markets under multiple brands, including WeLend, and WeLab Bank in Hong Kong, various business lines in Mainland China, Maucash and a digital bank in Indonesia.

WeLab is backed by the most renowned investors including Allianz, China Construction Bank International, International Finance Corporation (a member of the World Bank Group), CK Hutchison’s TOM Group, and Sequoia Capital.

To learn more, please visit: www.welab.co, or follow WeLab on LinkedIn and Facebook.

About Astra:

Astra is one of Indonesia’s largest public companies, comprising 240 subsidiaries, joint ventures, and associate companies, supported by nearly 190,000 employees. The company’s diversified business model creates synergies and opportunities across industry sectors including automotive, financial services, heavy equipment, mining construction and energy, agribusiness, infrastructure and logistics, information technology, and property. The company has a new sustainability framework which contains Astra 2030 Sustainability Aspirations. It will guide Astra in the transition journey to be a more sustainable business by  2030 and beyond. Astra wishes to contribute to the strength and resilience of the Indonesian economy while supporting an inclusive and prosperous society.

Astra has a strong record of public and social contributions through four pillars, which consist of health, education, environment, and entrepreneurships as well as nine foundations to contribute to the growth of the Indonesian economy while encouraging a more inclusive and prosperous society. Established in 2010, Astra’s Semangat Astra Terpadu Untuk (SATU) Indonesia Awards programme, has recognised the contribution of 493 young Indonesians across each of these focus areas, including 81 national level recipients and 412 provincial level recipients. The SATU Indonesia Awards programme is integrated with Astra’s wide range of community activities through 170 Kampung Berseri Astra and 1,060 Desa Sejahtera Astra initiatives in 34 provinces throughout Indonesia.

For more about Astra, visit www.astra.co.id & www.satu-indonesia.com and follow us on Instagram (@SATU_Indonesia), YouTube (SATU Indonesia), Facebook (Semangat Astra Terpadu) and Twitter (@SATU_Indonesia).

Fujifilm Releases the new X-H2 with 40.2MP on Tap and up to 8K 30fps Internal Recording

When you think high-end cameras, you usually think full-frame sensors. In the case of a Fujifilm, full frame is not an option. You either go for the compact APS-C format, or medium format form factor.  

To be fair, Fujifilm has been championing the APS-C form factor for a few reasons. While you get a smaller sensor, you are not losing that much from full-frame sensors in terms of image quality and detail. Of course, image quality and clarity are also affected by the lenses, so Fujifilm’s FUJINON lenses are made to the highest standards. The smaller sensor also allows Fujifilm to make their cameras more compact than regular full-frame sensor cameras. At the same time, APS-C sensors can naturally capture videos at super 35 format without odd crops.  

In the modern era of photography as well, they make some of the world’s most advanced APS-C mirrorless cameras. With the Fujifilm X-H2, they have just redefined what a mirrorless APS-C can do. Yes, it is technically a more advanced camera even compared to the X-H2S.  

The headline figure is impressive. There is 40.2-Megapixel on tap from a sensor smaller than anything you can get from Sony’s α7 series. While there are cameras out there with higher Megapixel count, you also want to keep in mind that APS-C sensors hardly fit more than 24-Megapixel. Having any more pixel on the sensors also means shrinking the pixels to sizes never seen. Then again, Sony crammed more than 50-Megapixel into their full frame sensor, something that was thought to be impossible. 

X H2 left diagonal XF16 55mm
Source: Fujifilm

The larger sensor comes with Fujifilm’s proven X-Processor 5, the same one found in their X-H2S flagship shooter. The X-Processor 5 is a potent processor not just for still imaging though. It is also a powerful processor for video recordings. It allows the X-H2 to fully take advantage of the higher pixel count in the form of 8K video recording at up to 30 fps. It is capable of recording at up to 4:2:2 10-bit colours at 8K resolution too for up to 160 minutes, making it an even more impressive piece of kit. All of this is done internally too, so there is no need to get an external capture device. 

On top of ProRes 422 format at 10-bit colour, you can push the Fujifilm X-H2 to shoot videos at 12-bit RAW with compatible HDMI recording devices. With an Atomos and Blackmagic Design’s recorders, you can even record at Apple ProRes RAW and Blackmagic RAW formats at up to 8K and 30fps. For more dynamic range, the X-H2 can record videos at F-Log2 that offers up to 13+ stops for even more details in your videos. 

In terms of shooting stills, you can get the camera to shoot from as low as ISO125 and at a maximum shutter speed of 1/180000 seconds with electronic shutters for great photos in ultra-bright conditions. With up to 20 frame per second in high-speed shutter mode, shooting action and sports under bright lights becomes a breeze with the Fujifilm X-H2.  

X H2 front variangle XF16 80mm
Source: Fujifilm

If you think that this is just a regular camera for enthusiasts with no place in the studio, you might want ot think again. The X-H2 can function and capture high-resolution stills like a medium format camera with up to 160-Megapixel in its resulting image. They call is the Pixel Shift Multi-Shot function that works with the 5-axis built in stabilisation mechanism (IBIS) shifts the image sensor with high precision and shoots multiple images automatically to create a high-resolution image that can be used in a commercial context.  

Fujifilm did not disclose the number of autofocus points featured on the X-H2. They claim that the new camera packs more autofocus points than before for more precise and faster autofocusing speeds in AF-S mode. In AF-C mode, the camera is supposed to ensure a more stable and accurate autofocus on the subject. At the same time, with Deep Learning technology that allows the camera to detect a wide range of subjects for photography, the camera accurately tracks different subjects to ensure that users have one less thing to worry about in their photographs.  

A fast camera needs a fast storage system, especially when you are talking about taking 20 40.2-Megapixel in a single second. For that you have the option to go for a regular SDXC card with support for up to UHS-II or Video Speed Class V90 storage. You can also work with the current more widely accepted CFexpress Type B cards that allows a more seamless video workflow too at 8K resolutions.  

X H2 left diagonal XF16 55mm
X H2 back fan
X H2 back LCDopen
X H2 front CMOS
X H2 front diagonal top XF16 55mm
X H2 front variangle XF16 80mm
X H2 front XF16 80mm 1
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The Fujifilm X-H2 is expected to be available late into September 2022. You might see it in Malaysia early in October 2022 instead though. There are no colour options here, just the regular black, as with any other high-end camera available in the market today. The camera body will set you back US$ 1,999 (MYR 9,086*) when it is available. For more information on the Fujifilm X-H2, you can refer to their website.  

*Approximately based on exchange rate of US$ 1 = MYR 4.55 as of 19/09/2022 on xe.com 

Global Times: SCO expands membership and intl appeal as President Xi outlines priorities of solidarity, shared benefits

BEIJING, Sept. 19, 2022 /PRNewswire/ — Chinese President Xi Jinping and other leaders of the Shanghai Cooperation Organization (SCO) member states on Friday made fruitful achievements by signing the Samarkand Declaration and a raft of documents and statements for not only regional countries but also the international community, showing the world the organization’s and regional countries’ joint pursuit of stability and development amid a complicated global geopolitical situation.

The prospering organization is becoming a stronger force in upholding international order by appealing to more countries to join in, and playing a more important role on the global economic stage, such as serving as a stabilizing force of international energy and food markets. The region is working closely in doubling down on efforts in fighting terrorism in this region. The SCO represents an ideal international relationship that countries have long desired, said experts.

President Xi on Friday attended the restricted session of the 22nd meeting of the Council of Heads of State of the SCO. While delivering a keynote speech, he pointed out that since its founding more than 20 years ago, the SCO has upheld the Shanghai Spirit and succeeded in exploring a new path for the development of international organizations.

Xi also outlined several priorities going forward for the SCO state members, including staying committed to the Shanghai Spirit and enhancing solidarity and cooperation, maintaining strategic independence and safeguarding regional stability, pursuing inclusiveness and shared benefits in promoting development cooperation, and advancing the SCO expansion process and strengthening SCO institutions.

Zhu Yongbiao, executive director of the Research Center for the Belt and Road and director of the Center for Afghanistan Studies at Lanzhou University, told the Global Times on Friday that the fruitful contents of the Samarkand Declaration showed that the SCO is marching toward becoming a more international organization from a regional organization, while its membership expands along with the member states’ issues of interest.

The Shanghai Spirit upheld by the SCO members could also be applied in dealing with international issues, Zhu said.

On Friday, SCO member states signed the Samarkand Declaration and issued statements on safeguarding global food security and energy security, addressing climate change, and maintaining a secure, stable and diversified supply chain.

Besides traditional regional security and development cooperation, the Samarkand Declaration also contained various international issues such as concern over unilateral protectionist actions that undermine the multilateral trading system. It also demonstrated that the SCO has become more mature and contributed more to the international governance system and improvement of the global order, Zhu said.

Calling for joint efforts to counter terrorism is an important part of the declaration. It noted that based on each country’s laws and coordination, state members are working to form common principles and stances on creating a unified list of banning terrorist, separatist and extremist activities.

The upgrading of various anti-terrorist institutions to a comprehensive security threat center as well as joint statements on issues including food security and climate change are a natural expansion after 20 years of the organization’s development, and is also a necessary move amid new security challenges facing the region, Zhu said.

In addition to stressing joint efforts on countering terrorism, the Samarkand Declaration has also expressed member states’ concerns over the security of outer space and other controversial fields.

“Member states stand for keeping outer space free from weapons of any kind and state the major importance of the unfailing implementation of the existing legal framework envisaging only the peaceful use of outer space,” the document says.

The SCO’s proposals on international issues have greatly boosted the UN’s significance and inclusiveness, as many international mechanisms represent the will of developed countries but do not give full consideration to developing countries, according to Zhu. 

Growing bigger with a better future

One of the most important achievements reached in Samarkand is the expansion of member states. The SCO was founded with six members in 2001 and has since expanded to eight, in addition to having four observer states and six dialogue partners. On Friday, a memorandum of obligations on Iran’s SCO membership was signed, and the SCO members began a process to admit Belarus to the SCO.

Saudi Arabia, Qatar and Egypt will formally become SCO dialogue partners with the signing of relevant documents, and negotiations will be held on granting Bahrain, the Maldives and other states’ the status of dialogue partner.

Chinese analysts said that more countries are expected to apply to become full members of the SCO due to its growing attraction.

The attraction of SCO is that it helps member states safeguard their independence and sovereignty, provides them with broader space for cooperation, and enhances their international voice and influence. It also helps members effectively cope with changes in the international and regional situations, hedge external pressure and respond to security threats, and resolve differences through dialogue and consultation, Zhao Huirong, an Eastern European studies expert from the Chinese Academy of Social Sciences, told the Global Times on Friday.

Zhao said China and Russia, as founding members and permanent members of the UN Security Council, have an important leading role in the development of the SCO, and the two countries have common interests in promoting peace and development in the region, and putting forward many initiatives. The two countries have established a high level of strategic partnership of coordination, which to a large extent guarantees the stable development of the SCO, Zhao said.

SCO Secretary-General Zhang Ming told media recently that many other countries have also expressed the hope that they can become members, observer states or dialogue partners.

The Shanghai Spirit, which features mutual trust, mutual benefit, equality, consultation, respect for diverse civilizations, and pursuit of common development, is increasingly important in the current international environment amid hegemony and small cliques, and more countries that prefer multilateralism and peaceful development are attracted by the SCO as the organization can maintain unity and solve stability and development issues in the region, Yang Jin, an associate research fellow at the Institute of Russian, Eastern European and Central Asian Studies at the Chinese Academy of Social Sciences, told the Global Times.

Zhou Rong, a senior researcher at the Chongyang Institute for Financial Studies of the Renmin University of China, said that the SCO has evolved from an organization mainly focusing on border safety cooperation to incorporating nations from a wider geographical context.

“It will become an organization that represents the emerging nations, which will play a pivotal role in safeguarding world stability and peace,” Zhou said.

Cision View original content:https://www.prnewswire.com/news-releases/global-times-sco-expands-membership-and-intl-appeal-as-president-xi-outlines-priorities-of-solidarity-shared-benefits-301626719.html