Tag Archives: FIN

PR Newswire

China Finance Online Announces Receipt of Nasdaq Delisting Notice

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BEIJING, Aug. 14, 2021 — China Finance Online Co. Limited ("China Finance Online", or the "Company", "we", "us" or "our") (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese individual investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced that on August 11, 2021, it has received a notice from the Nasdaq Stock Market LLC ("Nasdaq") stating that the Staff has determined that the Company had not been able to provide a satisfactory definitive plan to regain compliance with the $10 million minimum stockholders’ equity requirement for continued listing on the Nasdaq Global Select Market under Nasdaq Listing Rule 5450(b)(1)(A) or sustain such compliance over an extended period of time. As of December 31, 2020, the Company’s shareholders’ equity was approximately $4.6 million. The Company also does not meet the continued listing requirements under alternative standards relating to the market value of listed securities or the total assets or total revenue of the Company. The Staff cited that the Company’s proposed timeframe to regain compliance is beyond the 180-day period available under Nasdaq Listing Rule 5810(c)(2)(B) and that the Company’s history of loss would negatively affect the Company’s ability to regain or sustain compliance. The Staff had determined to seek to delist the Company’s securities from Nasdaq unless the Company requests a hearing before the Nasdaq Hearings Panel (the "Panel") by August 18, 2021.

The Company intends to timely request a hearing before the Panel. Such request will stay any suspension or delisting action by Nasdaq pending the Panel’s decision. There can be no assurance that the Panel will grant the Company’s request for continued listing. If the Panel does not grant the Company’s request for continued listing, its securities will be subject to delisting and the liquidity and marketability of the Company’s American Depositary Shares would be adversely affected.

This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a delisting notification.

About China Finance Online

China Finance Online Co. Limited is a leading web-based financial services company that provides Chinese individual investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers.  The Company’s prominent flagship portal site, www.jrj.com, is ranked among the top financial websites in China.  In addition to the web-based securities trading platform, the Company offers basic financial software, information services and securities investment advisory services to retail investors in China.  Through its subsidiary, Shenzhen Genius Information Technology Co. Ltd., the Company provides financial database and analytics to institutional customers including domestic financial, research, academic and regulatory institutions.  China Finance Online also provides brokerage services in Hong Kong.

Safe Harbor Statement

This press release contains forward-looking statements which constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995.  The statements contained herein reflect management’s current views with respect to future events and financial performance.  These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of the Company.  These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements.  Among other things, this release contains the following forward-looking statements regarding:

  • liquidity and sources of funding, including our ability to continue operating as a going concern;
  • our prospect and our ability to attract new users;
  • our prospect on building a comprehensive wealth management ecosystem through providing a fully-integrated online communication and securities-trading platform;
  • our prospect on stabilization in cash attrition and improvement of our financial position;
  • our initiatives to address customers’ demand for intuitive online investment platforms and alternative investment opportunities; and
  • the market prospect of the business of securities-trading, securities investment advisory and wealth management.

Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which risk factors and uncertainties include, amongst others, substantial doubt about ability to continue as a going concern, the outbreak of COVID-19 or other health epidemics in China or globally, changing customer needs, regulatory environment and market conditions that we are subject to; the uneven condition of the world and Chinese economies that could lead to volatility in the equity markets and affect our operating results in the coming quarters; the impact of the changing conditions of the mainland Chinese stock market, Hong Kong stock market and global financial markets on our future performance; the unpredictability of our strategic transformation and growth of new businesses; the prospect of our margin-related business and the degree to which our implementation of margin account screening and ongoing monitoring will yield successful outcomes; the degree to which our strategic collaborations with partners will yield successful outcomes; the prospects for China’s high-net-worth and middle-class households; the prospects of equipping our customer specialists with new technology, tools and financial knowledge; wavering investor confidence that could impact our business; and possible non-cash goodwill, intangible assets and investment impairments may adversely affect our net income.  Furthermore, we have recurring losses from operation and inability to generate sufficient cash flow to meet our obligation and sustain our operations and face uncertainty as to the operation impact of the COVID-19 outbreak, that raise substantial doubt about our ability to continue as a going concern.  Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F under "Forward-Looking Information" and "Risk Factors".  The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

For more information, please contact:

China Finance Online
+86-10-8336-3100
ir@jrj.com

Kevin Theiss
Awaken Advisors
(212) 521-4050
kevin@awakenlab.com

Related Links :

http://www.jrj.com

PR Newswire

TIAN RUIXIANG Holdings Ltd Partners with Beijing Puyuan Technology Co., Ltd. to Develop Intelligent Sales and Customer Service Systems

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BEIJING, Aug. 13, 2021 — TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker, announced today it has entered into a strategic cooperation agreement (the "Agreement") with Beijing Puyuan Technology Co., Ltd.("BPTC"), an innovative financial service platform solution provider in China, on August 2, 2021, to develop its intelligent sales and customer service systems.

Pursuant to the Agreement, the Company agrees to give BPTC access to its insurance management platform, and BPTC agrees to provide the Company with customized artificial intelligence development services and assist the Company in building its intelligent customers service and sales systems. The parties may enter into separate service contracts in the future to determine the specific terms and services to be provided under the Agreement.

Mr. Zhe Wang, Chairman of the board of the directors and Chief Executive Officer of the Company, commented, "We are excited to partner with BPTC  as we continue to make progress in our long term strategy of upgrading and optimizing our systems to provide customers with more value-added services. We plan to build our own intelligent sales and customer service system which can help maximize profitability, increase operation efficiency, and improve customers satisfaction. Looking forward, we expect to seize the opportunity presented by the accelerating digital transformation of the insurance industry, and utilize our cooperation with BPTC to deliver more products and  services for our customers."

About Beijing Puyuan Technology Co., Ltd.

Established in February 2019, Beijing Puyuan Technology Co., Ltd. engages in exploring and deepen the practice and application of technology in financial institutions. The founding team of BPTC all graduated from top tier universities in China and aboard including Tsinghua University and Chinese Academy of Sciences. They have many years of working experience in domestic and foreign financial institutions and first-line Internet companies, and have in-depth understanding and practical experience in quantitative trading, artificial intelligence and associated fields. BPTC has built a number of products including the Caiduoyi Wealth Integrated Service Platform, Prism Investment Advising Exhibition System, Prism Smart Wealth Management Robot and Traderslink Quantitative Trading System. BPTC provides wealth institutions with a complete solution from investment research to transaction, from customer acquisition to conversion, which improves the service efficiency of investment advisory services and improves the comprehensive experience of investors. For more information, visit the company’s website at https://www.puyuan.tech/index.

About TIAN RUIXIANG Holdings Ltd

TIAN RUIXIANG Holdings Ltd, headquartered in Beijing, China, is an insurance broker operating in China. It distributes a wide range of insurance products, which are categorized into two major groups: (1) property and casualty insurance, such as automobile insurance, commercial property insurance, liability insurance; and (2) life insurance, such as individual and group life insurances. Additionally, the Company also provides risk management services to institutional customers. For more information, visit the company’s website at http://ir.tianrx.com/.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review risk factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For investor and media enquiries, please contact:

TIAN RUIXIANG Holdings Ltd
Investor Relations Department
Email: ir@tianrx.com 

Ascent Investor Relations LLC
Tina Xiao
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com 

 

 

PR Newswire

Fifth Wall Acquisition Corp. I Reminds Stockholders to Vote “FOR” Business Combination with SmartRent at Special Meeting of Stockholders

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Upon Closing, the Combined Company Will Trade on the NYSE under "SMRT" Ticker Symbol

LOS ANGELES, Aug. 13, 2021 — Fifth Wall Acquisition Corp. I (the "Company" or "FWAA"), a special purpose acquisition company, today reminded stockholders to vote "FOR" the business combination with SmartRent.com, Inc. ("SmartRent") at the special meeting of stockholders scheduled for August 23, 2021 (the "Special Meeting"). The Company also noted the pending transfer of the listing of its Class A common stock, par value $0.0001 per share (the "Common Stock"), from the Nasdaq Capital Market ("Nasdaq") to the New York Stock Exchange (the "NYSE") in connection with the anticipated closing of the business combination.

Trading of the Common Stock is expected to begin on the NYSE on August 25, 2021 under the new ticker symbol "SMRT". The last day of trading on the Nasdaq is expected to be on August 24, 2021, following the consummation of the Company’s pending business combination transaction with SmartRent, which is currently expected to occur on August 24, 2021, subject to final stockholder approval at the Special Meeting and satisfaction of other customary closing conditions.

As previously announced, the Company will hold the Special Meeting via live webcast at https://www.cstproxy.com/fifthwall/2021 on August 23, 2021 at 9:00 a.m. Eastern Time for its stockholders of record at the close of business on July 27, 2021 to vote on the proposed business combination, among other things. The definitive proxy statement/prospectus with respect to the business combination, together with a proxy card for voting, has been mailed to the Company’s stockholders. Stockholders are encouraged to attend the Special Meeting and to vote as soon as possible by signing, dating and returning the proxy card enclosed with the definitive proxy statement/prospectus. If you have any questions, please contact Innisfree M&A Incorporated, the Company’s proxy solicitor, at (877) 456-3402.

No action is required by existing Company stockholders with respect to the ticker symbol or exchange listing change.

About Fifth Wall Acquisition Corp. I

Fifth Wall Acquisition Corp. I is a blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

About SmartRent

Founded in 2017, SmartRent is an enterprise smart home and smart building technology platform for property owners, managers and residents. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. For more information please visit smartrent.com.

Important Information for Investors and Stockholders

This document relates to the proposed merger involving Fifth Wall Acquisition Corp. I ("FWAA") and SmartRent.com, Inc. ("SmartRent"). FWAA filed an amended registration statement on Form S-4 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC") on July 26, 2021, which included a preliminary proxy statement/prospectus in connection with FWAA’s solicitation for proxies for the vote by FWAA’s shareholders in connection with the proposed transactions and other matters as described in such Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to SmartRent’s shareholders in connection with the completion of the proposed transaction. The definitive proxy statement/prospectus has been mailed to the stockholders of FWAA, seeking any required stockholder approvals. Investors and security holders of FWAA and SmartRent are urged to carefully read the entire definitive proxy statement/prospectus and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. The documents filed by FWAA with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov. Alternatively, these documents, when available, can be obtained free of charge from FWAA upon written request to Fifth Wall Acquisition Corp. I, 6060 Center Drive, 10th Floor, Los Angeles, California 90045.

FWAA, SmartRent and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in favor of the approval of the merger and related matters. Information regarding their interest in the transaction is contained in the Registration Statement and definitive proxy statement/prospectus. Free copies of these documents may be obtained as described in the preceding paragraph.

This document does not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed transaction. This document also does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor will there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, FWAA’s and SmartRent’s expectations or predictions of future financial or business performance or conditions, SmartRent’s product roadmap, including the expected timing of new product releases, SmartRent’s plans to expand its product availability globally, the expected composition of the management team and board of directors following the transaction, the expected use of capital following the transaction, including SmartRent’s ability to accomplish the initiatives outlined above, the expected timing of the closing of the transaction and the expected cash balance of the combined company following the closing. Any forward-looking statements herein are based solely on the expectations or predictions of FWAA or SmartRent and do not express the expectations, predictions or opinions of Fifth Wall in any way. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends" or "continue" or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed in the section of FWAA’s Form S-1 titled "Risk Factors," which was filed with the SEC on February 4, 2021. These risk factors will be important to consider in determining future results and should be reviewed in their entirety. These forward-looking statements are based on FWAA’s or SmartRent’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events. However, there can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and neither FWAA nor SmartRent is under any obligation and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports, which FWAA has filed or will file from time to time with the SEC.

In addition to factors previously disclosed in FWAA’s reports filed with the SEC, including FWAA’s most recent reports on Form 8-K and all attachments thereto, which are available, free of charge, at the SEC’s website at www.sec.gov, and those identified elsewhere in this document, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: risks and uncertainties related to the inability of the parties to successfully or timely consummate the merger, including the risk that any required regulatory approvals or stockholder approvals of FWAA or SmartRent are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the merger is not obtained, failure to realize the anticipated benefits of the merger, risks related to SmartRent’s ability to execute on its business strategy, attract and retain users, develop new offerings, enhance existing offerings, compete effectively, and manage growth and costs, the duration and global impact of COVID-19, the possibility that FWAA or SmartRent may be adversely affected by other economic, business and/or competitive factors, the number of redemption requests made by FWAA’s public stockholders, the ability of SmartRent and the combined company to leverage Fifth Wall’s limited partner and other commercial relationships to grow SmartRent’s customer base (which is not the subject of any legally binding obligation on the part of Fifth Wall or any of its partners or representatives), the ability of SmartRent and the combined company to leverage its relationship with any other SmartRent investor (including investors in the proposed PIPE transaction) to grow SmartRent’s customer base, the ability of the combined company to meet Nasdaq’s listing standards (or the standards of any other securities exchange on which securities of the public entity are listed) following the merger, the inability to complete the private placement of common stock of FWAA to certain institutional accredited investors, the risk that the announcement and consummation of the transaction disrupts SmartRent’s current plans and operations, costs related to the transaction, changes in applicable laws or regulations, the outcome of any legal proceedings that may be instituted against FWAA, SmartRent, or any of their respective directors or officers, following the announcement of the transaction, the ability of FWAA or the combined company to issue equity or equity-linked securities in connection with the proposed merger or in the future, the failure to realize anticipated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions and purchase price and other adjustments; and those factors discussed in documents of FWAA filed, or to be filed, with the SEC.

Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in FWAA’s most recent reports on Form 8-K, which are available, free of charge, at the SEC’s website at www.sec.gov, and will also be provided in FWAA’s proxy statement/prospectus, when available. Any financial projections in this document are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond FWAA’s and SmartRent’s control. While all projections are necessarily speculative, FWAA and SmartRent believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection extends from the date of preparation. The assumptions and estimates underlying the projected results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections. The inclusion of projections in this document should not be regarded as an indication that FWAA and SmartRent, or their representatives, considered or consider the projections to be a reliable prediction of future events.

Annualized, pro forma, projected and estimated numbers (including projected revenue derived from committed units) are used for illustrative purposes only, are not forecasts, and may not reflect actual results. Presentation of historical 0% customer churn (which occurs when an existing customer removes SmartRent installed units) is illustrative only, and is not intended to be predictive of future churn, particularly as business continues to grow. When used herein, the term "committed units" includes both (i) units that are subject to binding purchase orders from customers and (ii) units that existing customers who are parties to a SmartRent master services agreement have informed SmartRent that they intend to order.

This document is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in FWAA and is not intended to form the basis of an investment decision in FWAA. All subsequent written and oral forward-looking statements concerning FWAA and SmartRent, the proposed transaction, or other matters and attributable to FWAA and SmartRent or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

Investor Contact:
investors@smartrent.com

Media Contact:
SmartRent@Inkhouse.com

PR Newswire

Exyte Continues Strong Performance During 6M/2021

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– Order intake up 32.8%, reaching € 3,175 million

– Sales increase by 34.2% to €2,250 million

– Adjusted EBIT rose to €122 million

STUTTGART, Germany, Aug. 12, 2021 — Exyte continued its strong performance throughout the first half of 2021. Sales reached €2,250 million with adjusted EBIT increasing to €122 million. The region EMEA remained the strongest region and Advanced Technology Facilities the largest business segment.

In the first half of the year, sales increased in all regions and all global business units, growing by 34.2% to €2,250 million (6M/2020: €1,677 million). At €1,232 million (6M/2020: €1,014 million), the region EMEA was the strongest due to ongoing major projects in Ireland, Germany, and Israel. With sales for semiconductor projects in Singapore and China increasing, the region APAC also gained momentum, growing to €659 million (6M/2020: €382 million) in sales. Due to the Advanced Technology Facilities (ATF) business segment, sales in AMER rose to €245 million (6M/2020: €190 million). Overall, order intake increased by 32.8% to €3,175 million (6M/2020: €2,391 million). Free cash flow was at €245 million.

Adjusted EBIT amounted to €122 million, a YOY increase of 54.9% (6M/2020: €79 million), and the adjusted EBIT margin increased from 4.7% to 5.4%, reflecting an excellent performance in all global business units as well as in the business area Technology & Services (T&S).

Semiconductor market remains main driver

The business segment ATF remains the strongest segment, with sales increasing by €564 million year-over-year to €1,971 million on account of large ongoing projects for semiconductor clients in EMEA and APAC. Order intake for the Biopharma & Life Sciences (BLS) business segment almost tripled due to additional major projects, reaching €337 million (6M/2020: €130 million), while sales more than doubled to €170 million (6M/2020: €80 million). Due to a significant project awarded in Israel, the order intake of the Data Center (DTC) business segment reached €158 million (6M/2020: €3 million).

Growth path continues

"We are continuing to outperform our plans for 2021," says Dr. Wolfgang Büchele, CEO of Exyte. "Some projects are delivering better than expected and clients are expanding capacities at a faster rate than anticipated. All in all, the market situation for Exyte is promising and together with our growing workforce of dedicated individuals, I am convinced that we have a steep incline of growth ahead of us."

Follow this link to view the financial statement for 6M/2021.

About Exyte

Exyte is a global leader in the design, engineering and delivery of facilities for high-tech industries. With a history of more than 100 years, the company has developed a unique expertise in controlled and regulated environments. Exyte has a truly global footprint, serving the most technically demanding clients in markets such as semiconductors, batteries, pharmaceuticals, biotechnology, and data centers. The company offers a full range of services from consulting to the managing of turnkey solutions – delivered to the highest quality and safety standards. Solving the most complex challenges, Exyte forges trusted, long-lasting relationships with its clients. In 2020, Exyte generated sales of EUR 4.1 billion with around 4,900 highly experienced and motivated employees. The company is ideally positioned to further strengthen its market leadership with its broad industry insight and its exceptional talents.

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Contact:
Adriana Williams
Vice President Corporate Communications & Investor Relations
+49 711 8804 1489
adriana.williams@exyte.net 
www.exyte.net

Related Links :

https://www.exyte.net

PR Newswire

Cross-border Payments Company Currenxie Closes USD 10 Million Series A Fundraising

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Fundraising reinforces the need for cross-border solutions that enable a new era of global commerce.

HONG KONG, Aug. 12, 2021 — Currenxie, the Hong Kong headquartered cross-border payments company, today announced that it has successfully closed a USD 10 million Series A funding round led by family office BF Belmont. 

While global travel has slowed down due to the ongoing COVID-19 pandemic, the demand for cross-border trade and global eCommerce has increased. However, traditional payment solutions remain expensive, restrictive and cumbersome to most businesses, both big and small. Innovation is needed to improve the situation, which Currenxie is well placed to continue providing with the proceeds from the fundraising.

Predominantly self-funded by Goldman Sachs alumni and co-founders, Riccardo and Alison Capelvenere, the latest capital injection will allow Currenxie to accelerate its vision of empowering businesses to access global commerce. The funds will be used to focus on building new products, acquiring new licenses and authorisations, expanding into new markets and accelerating recruitment. The firm sees these goals as intertwined in enabling its clients to achieve global growth. Currenxie will also be welcoming Gordon Kwong, a former Partner of a big four international accounting firm, to its board, as the official investor representative. 

Riccardo Capelvenere, Founder and CEO of Currenxie, said: "From the start, we have focused on building a platform that will give our clients access to a truly borderless economy. Thanks to BF Belmont, we’re now able to accelerate our global growth and expansion plans – creating more value that will be transferable to our clients. The demand for seamless cross-border solutions will only increase, and our high calibre team is ready for this opportunity."

"With their many decades’ worth of experience, the Currenxie team has developed an impressive plan for the future of payments – one that will capture the global growth in eCommerce," said Gordon Kwong, the newly nominated Director of Currenxie. "The combination of their proprietary technology, network and infrastructure demonstrates their readiness to succeed in – and shake up – the cross-border payments ecosystem and set a new standard within the financial industry. We’re excited to be a part of this journey."

ABOUT CURRENXIE

Founded in Hong Kong in 2014, Currenxie’s cross-border payments and business account solutions offer businesses of all sizes a seamless online alternative to traditional banking, breaking down the financial barriers that prevent them from growing their operations on the world stage. Currenxie has built one of the largest virtual account networks in the B2B fintech space, spanning 10 jurisdictions, 30 countries and 18 currencies. The Currenxie Global Account® platform – the company’s cloud-based core banking system – allows funds to flow freely across its banking network, in real-time, without costly cross-border fees. Access global commerce with us: www.currenxie.com

Related Links :

https://www.currenxie.com/

PR Newswire

PaySett Corporation expands its regional payments partnership with Republic Financial Holdings Limited.

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PaySett’s market proven PayBank® and PayCorp® payment solutions will provide key infrastructure to support the bank’s Caribbean expansion.

ATLANTA and PORT OF SPAIN, Trinidad and Tobago, Aug. 10, 2021 — PaySett Corporation a global provider of ePayment solutions and Republic Financial Holdings Limited (RFHL) announced today an expansion of their partnership to include RFHL’s subsidiaries in the Eastern Caribbean and Sint Maarten. The partnership is expected to continue to increase electronic payments adoption in the region.

Nigel M. Baptiste, President of Republic Financial Holdings Limited.
Nigel M. Baptiste, President of Republic Financial Holdings Limited.

PaySett’s CEO Benny Cooley commented, "Global and Regional financial institutions like RFHL are leading the way in financial services by standardizing payment software processing across multiple regions.  PaySett provides software products PayBank® and PayCorp® to standardize electronic payment processing for regional banks utilizing the bank’s own internal cloud infrastructure environment. This allows a financial institution to better manage operational costs and to streamline the movement of money throughout its organization for their clients."  PayBank® and PayCorp® are part of a suite of products from PaySett that allows for the processing of consumer, corporate, and government payments in a real time or batch environments. According to Mr. Cooley, "We have been collaborating with RFHL for over a decade bringing innovation to the payments space and we are very excited about further collaboration in the Caribbean region."

Nigel M. Baptiste, President of Republic Financial Holdings Limited stated that "PaySett’s suite of products will provide the wider RFHL Group with a world class, secure, payment processing infrastructure which will enhance the speed and efficiency of our service to our many clients, including those in the Eastern Caribbean and Sint Maarten." 

About PaySett Corporation

Atlanta, Georgia based PaySett Corporation is a global provider of payment software solutions in twenty countries. PaySett provides products/services to assist global financial entities to effectively manage the way money moves throughout their organizations and for their customers. PaySett’s two decades of experience moving payments through national and international payment networks has allowed for the development of advanced payment software for assisting global banks with the capability to enhance their regional and global payment network processing capabilities.  Twelve of the top twenty global banks process payments through PaySett software.

PR Contact

David R. Pulido
E-mail: dpulido@paysett.com 
Tel: + 1 (404) 812-5367 
www.paysett.com

 

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Related Links :

http://www.paysett.com

PR Newswire

Deloitte Named a Leader in 2021 Gartner® Magic Quadrant for Public Cloud IT Transformation Services

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NEW YORK, Aug. 10, 2021 — Gartner®, one of the world’s leading information technology and advisory companies, has positioned Deloitte in the Leader quadrant, with the highest ability to Execute and Furthest Completeness of Vision, in its August  2021 report titled, Gartner Magic Quadrant for Public Cloud IT Transformation Services.

This is a new Magic Quadrant™ replacing Gartner Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services, Worldwide where Deloitte was also a Leader in 2020 and 2019.

Deloitte’s deep domain experience and strong business-led, cloud-enabled perspective, coupled with its world-class technology capabilities, modern delivery approach, and cyber and tax solutions, helped to receive this recognition.

"We believe this decade will see unprecedented changes fueled by cloud and technology innovation," says Ranjit Bawa, Principal and US Cloud Leader, Deloitte Consulting LLP. "The cloud is a catalyst for transformation, and we are delighted that Gartner recognized Deloitte’s unique ability to bring domain depth and an engineering-led approach to modernize and build products and create new businesses that position our clients for sustained leadership." 

"We are very proud of this recognition of Deloitte’s leadership in cloud; we continue to invest heavily in developing innovative solutions to catalyze cloud-based business transformations at our clients," says Sam Balaji, Deloitte Global Consulting Leader. "Deloitte continues to scale its digital transformation capabilities globally, and we are excited to further empower Deloitte clients to leverage cloud’s full potential to grow and thrive."

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PR Newswire

OKEx lists Efinity’s EFI, furthering support for NFTs following March listing of Enjin

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VICTORIA, Seychelles, Aug. 9, 2021 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce the listing of Efinity’sEFI, the first paratoken on the Efinity network. EFI is specially designed to be the next-generation blockchain solution for NFTs. EFI deposits, withdrawals and spot trading for EFI/USDT are all now available on the OKEx platform.

OKEx
OKEx

Efinity, launched by Enjin, is an NFT blockchain built on Polkadot, which aims to make the increasingly popular NFT marketplace accessible and scalable for its users. Enjin pioneered the development of NFT platforms in 2017 when they created the advanced ERC-1155 NFT standard. Announced back in March, Enjin was launched after an $18.9 million private sale. Designed to provide a seamless experience for the end-user, a special algorithm was set in place to enable the game-channel network to process transactions every six seconds, and it can scale up to 1,000 transactions per second.

On the listing of Efinity, OKEx CEO Jay Hao commented:

"We are extremely excited to be adding Efinity to our growing portfolio of tokens. As the NFT markets continue to gain momentum, we are pleased to see wider adoption of blockchain technology across mainstream activities, with gaming being one of the fastest-growing sectors."

For more information, please visit here.

About OKEx

Founded in 2017, OKEx is one of the world’s leading cryptocurrency spot and derivatives exchanges. OKEx has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, solutions and trading tools on the market. Trusted by more than 20 million users in over 180 regions across the globe, its mission is to empower every individual through the promotion and advancement of cryptocurrencies globally. In addition to the exchange, it serves its users with OKEx Insights, a research arm that is at the cutting edge of the latest trends in the cryptocurrency industry. With its extensive range of crypto products and services, its unwavering commitment to innovation, and its local operations to serve its users better, OKEx strives to eliminate financial barriers and realize a world of financial inclusion for all.

Follow OKEx

Twitter: https://twitter.com/OKEx
Facebook: https://www.facebook.com/okexofficial/
LinkedIn: https://www.linkedin.com/company/okex/
Medium: https://medium.com/@OKEx
Telegram group (English): https://t.me/OKExOfficial_English

PR Newswire

The hi Dollar (HI) Lists on UNISWAP

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Withdrawals Enabled Along with Listing on the World’s Largest Decentralized Exchange

SINGAPORE, Aug. 9, 2021 — hi, a not-for-profit fintech bridging the divide between traditional fintech and crypto, has enabled withdrawals of hi Dollars (HI), the hi Platfrom’s membership token, and announced the listing of HI on Uniswap, the world’s largest decentralized exchange. This comes shortly after creation of the hi Dollar token on August 1 and the initial minting of 351 million tokens. 

The hi Dollar entitles members to benefit from a growing number of financial services provided by hi. Members will earn great rates, send funds, make payments, and exchange both traditional and crypto currencies with no added fees and no markups. hi recently launched its web app (web.hi.com) and will soon release a mobile app. 

HI is an ERC-20 (based on the Ethereum blockchain) making listings on both decentralized and centralized exchanges easier.  The hi Dollar is not a stablecoin and this listing is the beginning of the public trading of the token. 

hi is committed to transparency and has placed the token addresses of all corporate wallets in the whitepaper (available at hi.com). The transparency of the Ethereum blockchain also means that users will be able to see new mints and the distribution of tokens. 

"This is another key milestone for hi. Having gained nearly 800,000 members in under three months, this listing marks the beginning of public trading of the hi Dollar. Will will seek further listings in due course," said Sean Rach, Co-founder of hi. "With our focus on mass adoption, we look forward to enabling credit/debit card purchases soon and can’t wait to share our mobile app with our growing community."

About hi
hi is leveraging blockchain technology to build services that are community powered. Members of hi are the key stakeholders of this ecosystem and the business is committed to maximize membership value – not profits. Our first product is a digital wallet that provides members with the most seamless payment experience via social messengers (initially Telegram and WhatsApp, next LINE, Facebook Messenger and others). Learn more and get hi at hi.com.

Media Contact: Dan Edelstein, PR@marketacross.com

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PR Newswire

HotPlay announces the completion of a merger with Monaker Group as it begins trading on NASDAQ under the name “NextPlay” (NXTP)

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BANGKOK, Aug. 6, 2021 — HotPlay has finalized it’s listing on the NASDAQ stock market, one of the largest stock exchanges in the United States based on market capitalization, under the new name "NextPlay Technologies Inc." This change was effective June 30th 2021.

HotPlay announces the completion of a merger with Monaker Group as it begins trading on NASDAQ under the name “NextPlay” (NXTP)
HotPlay announces the completion of a merger with Monaker Group as it begins trading on NASDAQ under the name “NextPlay” (NXTP)

After HotPlay has completed a merger with a NASDAQ-listed company, Monaker Group, the company’s name will be changed to NextPlay Technologies Inc. The Company’s stock will be traded on NASDAQ under the ticker symbol "NXTP", having Nithinan Boonyawattanapisut as the new CEO. This will make Nithinan the first female executive in Thailand to be chief executive officer of a NASDAQ-listed company.

HotPlay is an in-game advertising (IGA) platform provider driven by AI-powered advertising technology and online-to-offline couponing solutions with a hyper-local insertion capability. By successfully listing on NASDAQ, HotPlay marks a historical milestone for the Thai startup community as it became the first Thai startup to be listed on the world’s leading technology-heavy stock market.

NextPlay is confident that this acquisition will further expand it’s growing digital ecosystem that now includes AI-powered AdTech, Digital Connected TV (with a reach to more than 50 million end-users), travel, gaming, FinTech and cryptocurrency banking. Unlike any other solution available in the market today, NextPlay leverages it’s powerful digital platform to connect companies and brands with consumers across multiple interactive media channels including SmartTVs, PCs, laptops, tablets, and smartphones.

Nithinan Boonyawattanapisut, CEO of NextPlay, commented that, "This transformative combination brings together Hotplay and Monaker’s recently acquired media and fintech platforms. This integration provides us with more refined and specific information about user demographics through the overlay of geographic information about their neighborhood, subscription choices and spending patterns. All these help us to identify who should be served with which ads more accurately. We believe we are now able to make several game-changing moves to create tremendous synergies across our digital platforms and take advantage of the vast opportunities for the growth and expansion we see ahead of us." She also reiterated that this achievement can be seen as one of the important jigsaws that will help the Company to complete the puzzle in regard to it’s international expansion strategy.

The Company’s stock has already begun trading on NASDAQ under the ticker symbol "NXTP" since July 9, 2021. Please visit the Company’s new website at www.nextplaytechnologies.com for more information. 

Related Links :

http://www.nextplaytechnologies.com