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PR Newswire

WiMi Partners With ICR to Enhance Investor Relations

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BEIJING, Oct. 23, 2020 — WiMi Hologram Cloud, Inc. ("WiMi" or the "Company") (NASDAQ: WIMI),  a leading augmented reality service provider in China, today announced that that it has retained ICR, LLC, a leading strategic communications advisory firm, to manage its investor relations program.

Mr. Shuo Shi, Chief Executive Officer of WiMi, commented, "We are pleased to announce our cooperation with ICR. Working together, we seek to increase our disclosure transparency and enhance our investor relations. As a leader in corporate strategic communications, ICR is well positioned to help improve our current investor communications program and ensure that our new and existing shareholders stay abreast of our corporate developments. With its in-depth knowledge of the U.S. capital markets and extensive experience working with technology companies, ICR should be able to help us clearly articulate our vision, explain our business model, raise our corporate profile, and forge a closer relationship with our investor base."

About WIMI Hologram Cloud Inc.

WiMi Hologram Cloud, Inc.(NASDAQ: WIMI), whose commercial operations began in 2015, operates an integrated holographic AR application platform in China and has built a comprehensive and diversified holographic AR content library among all holographic AR solution providers in China. Its extensive portfolio includes 4,654 AR holographic contents. The company has also achieved a speed of image processing that is 80 percent faster than the industry average. While most peer companies may identify and capture 40 to 50 blocks of image data within a specific space unit, WiMi collects 500 to 550 data blocks.

About ICR

Established in 1998, ICR partners with its clients to execute strategic communications and advisory programs that achieve business goals, build awareness and credibility, and enhance long-term enterprise value. The firm’s highly-differentiated service model, which pairs capital markets veterans with senior communications professionals, brings deep sector knowledge and relationships to more than 750 clients in approximately 20 industries. ICR’s healthcare practice operates under the Westwicke brand (www.westwicke.com). Today, ICR is one of the largest and most experienced independent communications and advisory firms in North America, maintaining offices in New York, Norwalk, Boston, Baltimore, San Francisco, San Diego and Beijing. Learn more at www.icrinc.com. Follow us on Twitter at @ICRPR.

Safe Harbor / Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release, as well as the Company’s strategic and operational plans, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws. 

Contacts

WIMI Hologram Cloud Inc.
Email: pr@wimiar.com

ICR, LLC
Sharon Zhou
Tel: +1 (646) 975-9495
Email: wimi@icrinc.com

PR Newswire

Deep Longevity and Longenesis to Partner on Consent Management Integration and Federated Learning Method Development

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HONG KONG, Oct. 23, 2020 — Regent Pacific Group Limited ("Regent Pacific" or the "Company" and together with its subsidiaries, the "Group"; SEHK:0575.HK) today announced that Deep Longevity, Inc,, a company recently acquired by the Group which mainly engaged in the development of explainable artificial intelligence systems to track the rate of aging at the molecular, cellular, tissue, organ, system, physiological, and psychological levels, has entered into a partnership with Longenesis, a leader in consent-enabled safe data curation for research. Two companies will partner on the integration of the consent management system developed by Longenesis into the Deep Longevity digital platform including Young.AI, a web-based tracker of aging and wellness, and the development of a federated learning framework.

Deep Longevity scientists are the original inventors of the "deep aging clocks", multimodal biomarkers of aging developed using deep learning techniques with multiple granted patents. They recently published deep hematological aging clocks, deep transcriptomic and proteomic aging clocks, deep microbiomic aging clocks, and contributed to the development of the photographic aging clocks.

Longenesis has created an end-to-end environment for biomedical institutions, patient organizations and research partners and sponsors – to communicate directly, enabling both safe data curation and compliant, consent-enabled biomedical data utilization for research.

"At Deep Longevity we are working on creating a network of hospitals and clinics that will have access to our aging clocks. To enable this network, we are aiming to create a federated learning pipeline, that will allow us to train multiple new aging clocks without the need to transfer user data", explains Polina Mamoshina, Ph.D., Chief Scientific Officer of Deep Longevity, a Regent Pacific company.

"Longenesis is a company invested by LongeVC, a venture fund, and accelerator dedicated to growing the longevity ecosystem in the European Union. Over the past few years, Longenesis developed a range of technologies to help protect user privacy and manage consent to help companies provide the individuals with more tools to take control over their data", said Garry Zmudze, founding partner of LongeVC, an investor in both Longenesis and Deep Longevity.

"At Longenesis we believe that the need for centralized, compliant and seamless biomedical data asset identification is crucial for collaborative research initiation, faster patient recruitment and timely response to global healthcare challenges. We are looking forward to this collaboration, creating a federated learning pipeline and embracing the "data stays local" principle at the same time", says Sergejs Jakimovs, a CEO of Longenesis.

– Ends –

This press release is distributed by LBS Communications Consulting Limited.

About Deep Longevity

Deep Longevity has been acquired by Regent Pacific (SEHK:0575.HK), a publicly-traded company. Deep Longevity is developing explainable artificial intelligence systems to track the rate of aging at the molecular, cellular, tissue, organ, system, physiological, and psychological levels. It is also developing systems for the emerging field of longevity medicine, enabling physicians to make better decisions on the interventions that may slow down, or reverse the aging processes. Deep Longevity developed Longevity as a Service (LaaS)© solution to integrate multiple deep biomarkers of aging dubbed "deep aging clocks" to provide a universal multifactorial measure of human biological age. Originally incubated by Insilico Medicine, Deep Longevity started its independent journey in 2020 after securing a round of funding from the most credible venture capitalists specializing in biotechnology, longevity, and artificial intelligence. ETP Ventures, Human Longevity and Performance Impact Venture Fund, BOLD Capital Partners, Longevity Vision Fund, LongeVC, co-founder of Oculus, Michael Antonov, and other experts AI and biotechnology investors supported the company. Deep Longevity established a research partnership with one of the most prominent longevity organizations, Human Longevity, Inc. to provide a range of aging clocks to the network of advanced physicians and researchers.

http://longevity.ai/

About Regent Pacific (SEHK:0575.HK)

Regent Pacific is a diversified investment group based in Hong Kong currently holding various corporate and strategic investments focusing on the healthcare, wellness and life sciences sectors. The Group has a strong track record of investments and has returned approximately US$298 million to shareholders in the 21 years of financial reporting since its initial public offering.

http://www.regentpac.com/

About Longenesis

Longenesis Ltd. is a software technology company, that is focused on developing legitimate ways to promote collaboration between biomedical institutions, patient organizations and research partners by identifying biomedical data from metadata files, by onboarding population cohorts and by engaging new patients in the research.

https://longenesis.com/

About LongeVC

LongeVC is an investment group, specialising in curating, facilitating and executing early stage venture investments in the fields of biotech and longevity. Current investment portfolio of LongeVC includes Insilico Medicine, a global leader in AI-driven drug discovery, Longenesis, an end-to-end collaborative biotech research enabler, Basepaws, the first comprehensive DNA sequencing solution for pets, as well as other biotech industry-specific companies. With its latest exit, LongeVC has announced the creation of its first official early-stage investment fund, focused on biotech and longevity opportunities, with backing from the most prominent advisory board in the longevity industry.

 

PR Newswire

Zuper COVID-19 Compliance pack helps companies like IKEA manage safe business operations in the new reality

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– COVID-19 Compliance Pack offers companies new safety protocols and policies as they return to business as usual

SEATTLE, SINGAPORE and BANGKOK, Oct. 21, 2020 — Zuper, a platform for intelligent workforce management, today announced that it will be implementing its COVID-19 Compliance Pack (ZuperCCPack) at IKEA India, in order to help maintain the highest safety standards for their customers, co-workers and communities as the company returns to regular business operations.

With India beginning to reopen its economy, businesses are required to adhere to strict workflow protocols and policies to ensure safety, cleanliness and proper hygiene at the workplace. The ZuperCCPack is designed and developed to specifically address the needs of businesses resuming operations during the ongoing Coronavirus pandemic. The company worked closely with various healthcare, industry and compliance experts, as well as aligned its guidelines with leading global public health institutes to build this super resilient startup pack.  

Zuper’s technology-driven ZuperCCPack, enables IKEA India to take a proactive workflow approach to COVID-19 compliance and promote the highest level of safety as it resumes its assembly and installation services for its customers in Hyderabad, Mumbai and Pune.

"Our deep experience in workforce management enabled us to develop the most comprehensive compliance solution for businesses moving into a post-pandemic economy. The ZuperCCPack is specifically designed for users to take a proactive approach to COVID-19, which is a necessary component to efficiently operate in the new normal," says Anand Subbaraj, Chief Executive Officer. "As an existing technology partner of IKEA India, we keenly understand the importance of this initiative for all parties involved. The safety and well-being of the company’s customers and coworkers is paramount as they resume their service business in a safe and compliant manner."

The ZuperCCPack facilitates consumer centric companies to follow strict protocols including daily screenings of service coworkers for COVID-19 symptoms, ensuring the workers complete a detailed checklist prior to entering a customer’s home and initiating an after-visit checklist to ensure they don’t carry germs from one place to another, among many other capabilities. The service coworkers can use their mobile devices to complete each test and their supervisors can easily monitor and manage the workforce to ensure compliance, using a command center powered by Zuper.

"The safety and wellbeing of our co-workers, customers and community remain our highest priority as we resume our assembly and installation services at customers’ homes," said Santosh Sayari, Service Business Manager at IKEA Hyderabad. "During these unprecedented times, it is important we apply the best solutions available to efficiently manage and optimise our operations in order to provide the best customer experience possible. Zuper gave us the much-needed assurance to ensure all necessary and updated safety protocols and policies, in line with the latest public health guidelines & regulations."

About Zuper

Zuper enables organizations with field service teams to better organize and provide the best possible customer experience through its intelligent workforce management platform. The company’s white-label application allows businesses to efficiently manage their operations and workforces from anywhere and dispatch the right person with the right information at the right time. With Zuper, businesses can let consumers easily book a service call on-demand from any device and location. The company also helps organizations maintain COVID-19 compliance and create a safe environment for employees, customers, and the community through its ZuperCCPack. Founded in 2016, Zuper is headquartered in Seattle and has offices in India and the Middle East. For more information, please visit https://zuper.co/.

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PR Newswire

SignOnSite is licensed by Trillium to provide a unique contactless worksite safety platform to help manage risk for complex construction projects

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A new digital platform radically changes risk and safety management in construction, which will be used in the construction of fueling stations.

HOUSTON, Oct. 18, 2020 — SignOnSite, the construction safety management system, today announced an agreement with Trillium CNG. Trillium is the Texas subsidiary of the Love’s Family of Companies that builds and manages compressed natural gas (CNG), electric vehicle (EV), and alternative energy fueling stations across the United States. Trillium will be using the SignOnSite personnel safety application to manage and protect workers at new CNG station building projects.

SignOnSite platform on all devices
SignOnSite platform on all devices

SignOnSite provides construction companies and their workers with a robust, but simple risk and safety management system that leverages the technology already on construction sites.

SignOnSite takes a highly unique approach to risk and safety management. Current systems require a top-down management model, where companies not only have to implement risk and safety management policies and procedures, but also have the burden of ensuring that the workers on site actively participate in them.

With SignOnSite, however, this model is flipped. The people on site are empowered with simple, straightforward technology that lets them easily engage with and participate in risk management processes. The construction company is then enabled with digital control of their sites and remote risk management capabilities.

For construction companies running complex projects, the increased efficiencies of a digital platform present a drastic increase in site management and safety risk management capabilities. Controls such as qualification and orientation management are complemented by productivity tools such as remote site visibility. Additionally, superintendents and project managers can manage site attendance, safety communication and even emergency evacuations.

Being a mobile app-based solution, SignOnSite is contactless and reduces COVID-19 transmission risk.

Job site safety is an ongoing concern for contractors, especially as process complexity increases which makes safety protocols more complex. OSHA estimates that nearly one-quarter of work-related industries are in the construction industry. Safety compliance and increased safety vigilance have been proven to reduce job-related injuries, reduce losses in time and money by 20% to 40%, and improve public safety.

Trillium is part of the Love’s Family of Companies which has a national network of truck stop and truck service locations. Trillium operates over 200 CNG fueling stations across the United States and offers services such as station design, construction, 24/7 operation and maintenance, grant writing, and commercial support. Building CNG fueling stations require unique design and safety measures to accommodate high-pressure tanks, including special installation procedures and using materials that are quite different from gasoline and diesel stations. CNG stations are subject to highly complex building codes and requirements and a more rigorous set of safety codes, standards, and regulations.

With SignOnSite, managers establish a site boundary on a digital map and workers are automatically logged into and out of the job site using a Passport credential set up in a SignOnSite smartphone app. In addition to attendance records, the SignOnSite app notifies workers of site safety rules, provides daily safety briefings, and shares work site information. It also can be used for site-specific orientations to ensure workers receive and acknowledge safety briefings. Workers also can use SignOnSite platform to store emergency contact information, qualifications, trade licenses and other data. A kiosk version also is available that provides on-site registration without the need for a mobile device.

"More mobile technology is being adopted on the job site, and we are seeing more North American companies like Trillium adopting mobile systems like SignOnSite to promote worker safety," said Mitch Harmer, Co-Founder & CEO of SignOnSite. "No other solution gives you real-time visibility into your on-site workforce while enforcing safety protocols and compliance. We expect more companies to adopt mobile solutions like SignOnSite to manage employee traffic and personnel safety."

In addition to registering employees entering the job site and providing safety updates, SignOnSite also generates site statistics reports to show worksite activity. Reports provide data such as the total number of site visitors, the number of subcontractors, the companies that visit the site, total hours, and more. Attendance data also can be shared with a Procore manpower register to calculate individual workers’ time on the job site.

About SignOnSite

SignOnSite is a personnel safety application used in construction, commercial, civil engineering, government, industrial, and utility sites. Proven in the field, SignOnSite has been used on more than 7,000 sites protecting 300,000 people. SignOnSite is designed to provide paperless management of workers on-site, including orientations, communications, and evacuations. With SignOnSite, managers get real-time visibility into their onsite workforce, including analytics for safety compliance and personnel management.

SignOnSite is headquartered in Canberra, Australia. For more information, visit www.signonsite.com.au.

Contact:

Nish Bandara
Head of Marketing, SignOnSite
+61 447 127 775
nish@signonsite.com.au

Construction worker on site
Construction worker on site

Mitch Harmer, CEO and Co-Founder
Mitch Harmer, CEO and Co-Founder

Related Links :

https://www.signonsite.com.au

PR Newswire

MoneyBrain joins with Rainus to put an AI human in Electronic Shelf Labels

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SEOUL, South Korea, Oct. 16, 2020 — MoneyBrain (CEO Jang Se-young), which specializes in artificial intelligence (AI), announced they are supplying an AI video synthesizing solution to Rainus, a company specializing in Electronic Shelf Labels (ESL).

Left: Jang Se-young (CEO of Moneybrain) Right: Hyun Hak Kim (CEO of Rainus)
Left: Jang Se-young (CEO of Moneybrain) Right: Hyun Hak Kim (CEO of Rainus)

MoneyBrain is a leading startup that has proved its high utilization and efficiency by introducing AI models in various fields such as broadcasting, education and service industries based on world-class real-time interactive AI technology.

MoneyBrain’s interactive AI service is based on AI Video Synthesizing technology. Digital AI human has learned the creator’s information (look, voice, gesture, language, etc.) with deep learning technology and provides video information such as product price, user review and advertisement.

MoneyBrain, signed an agreement with Rainus, and will carry out a government project called "AI voucher support project."

"AI voucher support project" promoted by Korea National IT Industry Promotion Agency is a state-funded project to expand the scope of AI utilization by issuing vouchers to small and medium enterprises that need to apply AI products or services.

The purpose of "AI voucher support project" is to utilize solutions from suppliers that provide AI solutions that they want by utilizing vouchers.

The task contents of the AI voucher project is to establish and operate system for application of ai human technology for distribution stores, practical application. By using speaker-aware video technology and real-time interactive AI technology, it is possible to provide customized multimedia information services available in stores around the world. Thus, it can be expected to be a preoccupation of the global distribution market. In addition, AI explains products in distribution stores to maximize consumers’ understanding of products and increase sales accordingly.

MoneyBrain changed preconceived notions about the monotonous interaction of AI with users. MoneyBrain’s AI video synthesis solution is not only easy to use but also enough to prove of real-time conversational AI’s usability in various such as electronic shelf labels, broadcast service, E-learning, and commerce.

Jang Se-young, CEO of MoneyBrain said, "With the convergence of AI and IoT technologies, the retail market will continue to grow in the future. We will continue to develop various AI platforms and be in part of the global market."

MoneyBrain Overview

MoneyBrain is a startup that provides artificial intelligence services. MoneyBrain’s deep learning technology can analyze natural language and process voice and video, and it aims to provide interactive artificial intelligence services such as AI English conversation and AI virtual model.

Youtube link: https://www.youtube.com/channel/UCFADp58VKG499Ox_5EtTXww
Website: www.MoneyBrain.ai/en

Contact Office
MoneyBrain
team leader Jung Michael
mj@MoneyBrain.ai 

PR Newswire

Innodisk Brings Fail-Safe Remote Management to IoT Solutions With New ASUS Partnership

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Innodisk’s revolutionary InnoAGE SSD upgrades IoT infrastructure management for the future of edge computing

TAIPEI, Oct. 16, 2020 — On Oct. 15, Innodisk and ASUS announced a new strategic partnership between the two companies. As part of the partnership, ASUS is equipping its ASUS PE200U and PE200S edge computers with Innodisk’s next-generation flash storage, the out-of-band management-enabled Innodisk InnoAGE SSD. This revolutionary solution allows customers to roll out more reliable and secure edge devices and IoT infrastructure than ever before.

Ready for 500 Billion IoT Devices and Beyond

Cisco projects that there will be 500 billion IoT devices in the world by 2030, a ten-fold increase from the 50 billion IoT devices in 2020. Without cost-efficient device management, managing and maintaining so many smart devices is simply untenable.

The Innodisk InnoAGE’s unique out-of-band signaling technology combined with ASUS IoT Cloud Console (AICC) address this challenge by allowing device operators to effortlessly manage their IoT devices remotely. With out-of-band signaling, even devices that have suffered severe issues such as data corruption and operating system failure can be remotely recovered.

Innodisk and ASUS’ joint remote management solution is ideal for machine vision and surveillance applications in transportation, automation, and next-generation IoT infrastructure.
Innodisk and ASUS’ joint remote management solution is ideal for machine vision and surveillance applications in transportation, automation, and next-generation IoT infrastructure.

Growing AIoT Ecosystem

Innodisk and ASUS collaboration is the latest in a line of high-level partnerships as Innodisk continues to lead the expansion of the global AIoT ecosystem.

"ASUS is a key partner in Innodisk’s mission to build an intelligent world and we are excited about the tremendous value our partnership brings to customers," Innodisk President Randy Chien said. "With the intelligent InnoAGE SSD from Innodisk and leading IoT technology from ASUS, we are bringing the future of IoT to clients worldwide."

"The partnership between ASUS and Innodisk represents a significant step forward for edge computing," said Jackie Hsu, ASUS Senior Vice President and Co-Head of the Open Platform and AIoT Business Groups. "The power and flexibility of ASUS IoT Cloud Console combined with the out-of-band management capabilities of InnoAGE makes maintaining a reliable AIoT infrastructure easier than ever."

About Innodisk

Innodisk is a service-driven provider of flash memory, DRAM modules, and embedded peripheral products for industrial and enterprise applications. With satisfied customers across a range of demanding industries, we have set ourselves apart with a commitment to exceptional products and service.

For more information about Innodisk, please visit https://www.innodisk.com.

Photo – https://photos.prnasia.com/prnh/20201013/2947790-1?lang=0
Logo – https://photos.prnasia.com/prnh/20200313/2748001-1LOGO?lang=0

Related Links :

https://www.innodisk.com

PR Newswire

Planon signs partnership with MazeMap

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BRIGHTON, England, Oct. 14, 2020 — Planon and MazeMap are partnering to integrate Planon’s software for real estate, space, and asset management and MazeMap’s digital wayfinding solutions. This will enable organisations to offer an improved real-time user experience to building occupants and visitors.

MazeMap specialises in digital in- and outdoor wayfinding for large campuses such as universities, hospitals, offices, and conference venues. By connecting MazeMap’s technology with Planon’s Integrated Workplace Management Systems (IWMS), building occupants will benefit from enhanced navigation tools.

Thomas Jelle, CEO of MazeMap – explained, ‘We are delighted to partner with Planon and to bring our digital wayfinding solution to the platform. The joint solution enables building occupants to get real-time directions from A to B.’

‘Combining MazeMap’s expertise with Planon’s market leading IWMS allows us to meet the growing demand for an embedded wayfinding solution,’ said Pierre Guelen, CEO of Planon. Iwan van Eldijk, VP Partnering & Alliances at Planon, added ‘Organisations will benefit from the user-friendly integration of MazeMap’s wayfinding solution with their Planon software solutions and will be able to offer a more hospitable experience to building users."

About Planon

With over 35 years of experience, Planon is the leading global provider of innovative software, proven best practices and professional services that help building owners and occupiers, commercial service providers, and financial controllers to streamline business processes for buildings, assets, workplaces and people. Independent market research and consulting firms have consistently rated Planon as a global leader in the market. Planon has implemented its comprehensive solutions for over 2,500 clients, supported by offices and partners around the world.

About MazeMap

MazeMap is a global provider of digital wayfinding solutions for large campuses such as universities, hospitals, offices, and conference venues. MazeMap is paving the way for innovation by accommodating a number of high-tech integrations, which allow for data visualisation, FMS integration, and building management solutions.

PR Newswire

Developing the Global Digital Asset Ecosystem: HashKey Pro Signs MOU with Archax to Enhance Strategic Cooperation

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Building Regulated Digital Asset Marketplaces is Essential to Serving an Increasing Roster of Institutional Investors

HONG KONG, Oct. 13, 2020 — HashKey Pro, HashKey Group’s digital asset trading platform, announced the signing of a Memorandum of Understanding (MOU) with Archax, a leading global digital security exchange and custody service. The two firms will partner to better serve institutional clients and drive the development of the global digital asset ecosystem.

According to the MOU, HashKey Pro and Archax will pursue the joint development of common standards to further promote the development of the global institutional digital asset securities market. The two companies will work on standards and processes to support growth in liquidity and quality in asset listings across regions, sharing insights on local regulator developments in digital securities as they develop. 

Ben El-Baz, Chief Ecosystem Officer of HashKey Group, comments, "Linking up Asian and global digital asset markets is a key foundation of HashKey’s businesses. As we start to see more and more regulated markets for digital securities in different jurisdictions begin to launch, it is pivotal that we build an inclusive network that works together on common standards that will help grow institutional liquidity for issuers. We are excited to expand this partnership with Archax, a trailblazer in the regulated digital securities exchange market."   

With an increasing number of institutional investors showing an interest in the digital assets and securities markets, it is more important than ever to provide both secure and wide-ranging product offerings. As the first ever FCA-regulated digital securities exchange and custodian in the UK, Archax provides an excellent offering to institutional investors. Through the cross-border partnership between Archax and HashKey, investors in each market can enjoy an expanded overseas product offering from exchanges with a focus on regulatory compliance.

Graham Rodford, CEO of Archax, comments, "We are really only at the very start of the digital asset revolution in financial markets, but the opportunity is immense. To succeed in this nascent but rapidly evolving space, partnerships are key. As the first FCA-regulated digital securities exchange based in London, establishing relationships with leading players in other regions is part of our strategy for growth. HashKey’s presence in Asia make them an ideal partner for us, and we look forward to working with them to extend our reach and establish global standards as momentum builds in the digital assets space."  

Prior to the signing of the MOU, HashKey Pro has also clearly demonstrated a significant commitment to regulated markets within the overall institutional digital asset securities ecosystem. In 2019, HashKey Pro partnered with Blockstack PBC to list the Stacks (STX) token on its exchange, a positive move in the pursuit of regulatory compliance in the digital assets market. In March of 2020, HashKey Pro joined the Travel Rule Information Sharing Architecture (TRISA) Consortium as Founding Member, an important milestone in its mission to building compliant, institutional-grade digital asset market infrastructure. Finally, in August, HashKey Pro joined other key players in the global digital token business in creating the Veriscope Governance Task Force and the onboarding framework for Veriscope, a decentralized compliance framework and smart-contract platform for Virtual Asset Service Providers (VASPs).

About HashKey Group

HashKey Group is a leader in digital asset management and blockchain solutions. The Group provides a complete ecosystem across the entire digital asset landscape, ranging from capital, to custody, to technologies, trading, and exchange. HashKey’s senior team has deep investment, governance, and technology expertise gained at tier-one banks, regulators, and fintech ventures. HashKey identifies high potential opportunities and deliver end-to-end solutions that operate within regulatory frameworks with high compliance standards. The Group has operations in Hong Kong, Singapore and Japan, and extensive partnerships with fintech and blockchain solutions providers, academic institutions, and associations. Official Website: https://www.hashkey.com/ 

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Related Links :

https://www.hashkey.com

PR Newswire

AIA Thailand Partners with Vymo to Strengthen its Partner Distribution Channel

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– With Vymo’s Partner Relation Management platform, the AIA Bancassurance team, is able to closely support their National Sales Heads and Business Development Managers to optimise engagement activities with their bank partner.

SINGAPORE, Oct. 9, 2020 — Today, Vymo (www.getvymo.com), the Distribution Excellence Cloud for Financial Services, announced that it has partnered with AIA Thailand to improve distribution engagement and sales support effectiveness of their partner channels in Thailand to increase positive engagement at the front-line and improve customer propositions. With Vymo, AIA Thailand’s Bancassurance team will have daily end-to-end visibility of the activities required to deliver a positive and sustainable support infrastructure.


AIA Thailand is the largest insurance company in terms of market share1, approximately 1 out every 3 life insurance policies in Thailand is written by AIA2. With Vymo’s intelligent Partner Relationship Management platform, AIA Thailand will be able to monitor how sales support activities are impacting revenue outcomes and improve the quality of partner engagement. Over 300+ Relationship Managers Business Development Executives across Thailand will be using Vymo to make their engagement with their partner distribution networks more efficient.

Speaking on the partnership, Darren Thomson, Chief Strategic Bancassurance Alliance Officer, AIA Thailand, says "Vymo was able to prove, through other interactions with AIA and testimonials to the like, that the company is physically and morally capable of doing an efficient job."

"We are thrilled to partner with AIA in Thailand and are committed to set new benchmarks of sales productivity in the region. Our partnership with the largest insurer of Thailand further validates our efforts to provide the best sales solutions to our customers," adds Anurag Srivastava, GM – Asia Pacific & Japan.

Vymo has witnessed rapid growth across the Asia-Pacific region. In India, Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture by Tata Sons Ltd. and AIA Group Ltd. (AIA), deployed Vymo in 2019 to improve partner network health and brand coverage. Vymo helps sales managers to optimize the top of the funnel by allocating the leads to the most appropriate agent and nudge timely engagements to improve conversions per agent and reduce customer turnaround times.

Remarks:

1 Information based on Insurance Statistics, March 2020, by the Thai Life Assurance Association.

2 Information based on a report by the Thai Life Assurance Association, Annual Statistics 2018.

About AIA Group

AIA Group Limited and its subsidiaries (collectively "AIA" or the "Group") comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, the Philippines, South Korea, Taiwan (China), Vietnam, Brunei, Macau SAR(2), New Zealand, a 99 percent subsidiary in Sri Lanka, and a 49 percent joint venture in India. 

About Vymo

Vymo (getvymo.com) is the distribution excellence cloud for financial services, trusted by over 100,000 salespeople across 60+ financial enterprises across the world. Global leaders such as AIA, AXA, Sunlife, Generali, Allianz, and more trust Vymo to improve sales and distribution efficiencies. Vymo is recognized by Gartner as a Cool Vendor and is funded by Emergence Capital and Sequoia Capital. 

Related Links

Vymo for Bancassurance – https://getvymo.com/partner-management/
Watch Vymo in action – https://youtu.be/DOFdcK8cUxw
Upcoming events & webinars – https://getvymo.com/whats-happening/
Logo – https://goo.gl/i6sEpi 

For more information:
Gunjan Saha
gunjan@getvymo.com

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PR Newswire

Warburg Pincus to invest $95MN (INR 700 CR) in Home First – One of India’s leading affordable housing finance companies

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MUMBAI, India, Oct. 9, 2020 — US based private equity firm Warburg Pincus LLC ("Warburg Pincus"), through it’s affiliate Orange Clove Investments BV, has entered into an agreement to invest about $95 MN (INR 700 Cr) in Home First Finance Company India Ltd ("Home First") on October 2, 2020. The announcement came in today from the leading global private equity firm focused on growth investing. The investment of approximately INR 700 crore is a combination of primary fund raise and secondary sales by existing shareholders. Warburg Pincus joins existing marquee PE firm shareholders True North and Bessemer Venture Partners.

Home First is a technology driven, affordable housing finance company providing home loans to customers from low- and middle-income segments, who are building or buying their first homes. Over the last 10 years, Home First has sanctioned home loans across India to more than 50,000 customers in 60 districts, covering 11 states and 1 union territory. As of March 31, 2020, Home First had an AUM of $480 Mn (INR 3618 Cr) with a Net worth of $124 Mn (INR 933 Cr) and GNPA of 0.87%

This investment is a huge vote of confidence for the Indian affordable housing segment in general and more specifically for the performance of Home First even in the face of this worldwide crisis.

Narendra Ostawal, MD, Warburg Pincus said, "Home First has had a remarkable journey to become a leading affordable housing finance company in a relatively short span of 10 years. It is helmed by a very talented team and robust operating processes that continue to steer the company to do well through the pandemic and to leverage the growth potential of the affordable segment. Warburg Pincus looks forward to the partnership with True North and towards backing Manoj and the management team in its next phase of expansion."

Divya Sehgal, Partner, True North said, "We are proud of the way the company has utilised technology to its advantage, adopting a digital first approach in navigating Covid-19. We welcome Warburg Pincus and look forward to partnering with them in the upcoming journey of Home First."

"Home First is excited to partner with Warburg Pincus in this new phase of its journey.. True North has been a great support as we scaled from a small to a mid-sized company. Our shared passion for tech, belief in sustainable growth and strong governance has seen us thrive through several disruptive events," said Manoj Viswanathan, CEO, Home First.

To know more about Warburg Pincus & Home First click here

Note:

Currency

Exchange rate as on March 31, 2020 (INR)

Exchange rate as on October 1, 2020 (INR)

1 USD

75.3859

73.3834

(Source for 1 USD: www.fbil.org and www.rbi.org.in). Rate as on October 1,2020 is considered since October 2 was a public holiday.

Disclaimer:

Home First Finance Company India Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offer of its equity shares and has filed a draft red herring prospectus dated November 28, 2019 ("DRHP") with the Securities and Exchange Board of India on November 29, 2019. The DRHP is available on the website of the SEBI at www.sebi.gov.in, the respective websites of the book running lead managers, i.e., Axis Capital Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited at www.axiscapital.co.in, https://www.creditsuisse.com/in/en/investmentbanking/regionalpresence/asiapacific/india/ipo.html, www.icicisecurities.com and http://investmentbank.kotak.com, respectively, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of BSE Limited at www.bseindia.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see "Risk Factors" of the DRHP. Potential investors should not rely on the DRHP for any investment decision.

The Equity Shares of Home First have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act") or any state securities laws in the United States, and unless so registered may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, such Equity Shares are being offered and sold (i) outside of the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur; and (ii) to "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act), pursuant to the private placement exemption set out in Section 4(a) of the U.S. Securities Act. Neither this release nor information on the website of Home First constitutes or forms a part of any offer to sell or solicitation of an offer to purchase or subscribe for such Equity Shares in the United States or elsewhere where such offer, solicitation or sale would be unlawful.

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