Tag Archives: FIN

PR Newswire

ValueLabs wins IBSI Global Fintech Innovation Award

Leave a comment

HYDERABAD, India, Dec. 18, 2020 — ValueLabs, a global technology services provider, won the IBSI Global Fintech Innovation Award for the Best Original & Adoptable Concept in Compliance & RegTech. It was for the Enterprise Customer Due Diligence solution which they built for Diligent, a Singapore-based global RegTech company.

The IBSI Global FinTech Innovation Awards honors technology players and banks for their excellence in driving impact through banking technology implementations and innovations using emerging technologies. This year, IBSI winners were chosen on the basis of innovation excellence, best practices & tools adopted, originality & simplicity, adaptability of the concept and program complexity & governance.

The Enterprise Customer Diligence solution is a SaaS based application which enables banks and RegTech companies to onboard and maintain ongoing relationships with customers while complying with regulatory and policy requirements. The solution provides a 100% configurable rules engine that performs due diligence for clients across multiple topographies and jurisdictions.

"We are delighted to be recognized by IBSI for driving innovation in the BFS space and we are confident that this solution will help the industry to reimagine the ways in which customer onboarding and due diligence happen. Also wanted to congratulate our partners at Diligent on this award and thank them for allowing us to be a part of their journey," said Arjun Rao, CEO of ValueLabs.

"In this digital era of banking, it is essential for banks and FIs to take necessary measures to comply with ever changing industry regulations and compliance requirements. This solution automates every process of KYC and CDD and enables digital compliance vision for our clients," said Anoop Singh, SVP & Head of Emerging Markets, Valuelabs, who accepted the award. "We are also planning to significantly expand our global presence in BFS in 2021 and this recognition inspires us to deliver more innovative solutions for the BFS & RegTech industry."

About ValueLabs

ValueLabs is a global technology company focused on Product Development, Data Technology and Digital services. Powered by The Digital Flywheel™, ValueLabs provides end-to-end solutions in the fields of Customer Experience, Data & Analytics, Product Development, and Automation. Over the last 23 years, the company has expanded to 32 locations, 5500 associates and 150 clients worldwide. Their focus on employees and clients have resulted in industry-leading client Net Promoter Scores (NPS) of over 60 and 80 respectively.

Media Contact:
Anoop Singh Sengar
anoop.singh@valuelabs.com  
www.valuelabs.com/business-form/

Related Links :

http://www.valuelabs.com/

PR Newswire

Pintec enables China Mobile’s subsidiary Aspire Holdings with intelligent fintech solutions

Leave a comment

BEIJING, Dec. 18, 2020 — Pintec Technology Holdings Ltd. ("Pintec"; NASDAQ: PT), a leading independent fintech solutions provider, announced today that it has cooperated with China Mobile Communications Corp. ("CMCC")’s subsidiary Aspire Holdings Ltd. to jointly develop advanced fintech solutions, leveraging Pintec’s big data analytics and AI technology capabilities.

Aspire Holdings Ltd is one of the earliest pioneers to launch mobile data services and has been actively facilitating CMCC in exploring and expanding businesses in the areas such as IT, ICT and the Internet. The company has been actively exploring big data and AI technologies in business applications in recent years.

Pintec has a wealth of experiences in cross-scenario fintech solutions and has supported various AI-enabled business applications to date. Pintec’s technological capabilities include big data product design, credit risk modeling, operation and risk management, as well as system development and implementation which perfectly suit Aspire’s needs and complement our leading ICT capabilities in this area, said Aspire.

Dr. Victor Huike Li, chief executive officer of Pintec, commented: "Pintec is one of the earliest fintechs to have built a long and prosperous cooperation with all of the major telcos in China – including China Mobile, China Telecom and China Unicom. We have accumulated in-depth experience in enabling our partners with end-to-end digital financial services, and are well positioned to enable Aspire with its transformation towards integrating financial services into its businesses and drive digital growth in the 5G era. By joining hands with Aspire, we also hope to explore more business opportunities to ride the wave of digital revolution."

Pintec offers its partners a full suite of customized solutions by leveraging its scalable and reliable technology infrastructure such as big data analytics, artificial intelligence and process automation. The solutions and services provided range from digital retail lending, digital business lending, robotic process automation, to wealth management and insurance products.

PR Newswire

Chindata Group breaks ground for its first high-end equipment manufacturing industrial base

Leave a comment

BEIJING, Dec. 18, 2020 — Chindata Group has broken ground for the construction of its first high-end equipment manufacturing industrial base in Hebei Province, China, which will cover the research & development, design and manufacturing of prefabricated modules, flexible intelligent manufacturing, data center modules, equipment modules and professional products. 

jwplayer.key=”3Fznr2BGJZtpwZmA+81lm048ks6+0NjLXyDdsO2YkfE=”
 

jwplayer(‘myplayer1’).setup({file: ‘https://mma.prnasia.com/media2/1389046/1217_________02.mp4?p=medium600’, image: ‘http://www.prnasia.com/video_capture/3229166_CN29166_1.jpg’, autostart:’false’, aspectratio: ’16:9′, stretching : ‘fill’, width: ‘600’, height: ‘338’});

Mr Alex Ju, Founder and CEO of Chindata Group said high-end equipment manufacturing is a strategic industry fundamental to the digital age and will propel the iterative product upgrade in the hyperscale data center campuses.

Speaking at the groundbreaking ceremony held in Zhangjiakou, Mr Ju shared that Chindata Group will continue to leverage on the advantage of its business model and master the core technologies in key areas that will improve its innovation capabilities and drive the long-term development of the industry. He believed that Chindata Group will strive to advance equipment manufacturing together with the industrial partners for a better and shared digital society.

As of today, Chindata Group owns nearly 200 pending and approved patents. With the concept of ‘Open For The General Welfare’, Chindata Group would like to work together with all the partners to develop key advanced technologies, core components and fundamental materials.

Related Links :

https://www.investor.chindatagroup.com/

PR Newswire

Consortium Including Tencent Music Entertainment Group Exercises Call Option to Acquire Additional Equity Interests in Universal Music Group

Leave a comment

SHENZHEN, China, Dec. 18, 2020 — Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Company") (NYSE: TME), the leading innovative online music entertainment platform in China, today announced that a consortium (the "Consortium"), which is led by Tencent Holdings Limited (00700.HK) and comprising the Company (through one of its wholly-owned subsidiaries) and other co-investors, exercised its call option to acquire an additional 10% equity interest (the "Transaction") in Universal Music Group ("UMG") from its parent company, Vivendi SE (VIV.PA) ("Vivendi"), at the same enterprise value of EUR30 billion for 100% of UMG’s share capital as in the initial acquisition that closed in March 2020.

The Transaction is expected to close in the first half of 2021, subject to regulatory approvals. Upon the closing of the Transaction, the Consortium’s equity ownership in UMG will increase to 20% and TME will continue to have a 10% equity interest in the Consortium. The Transaction reinforces TME’s commitment to strengthening its strategic partnership with UMG. TME looks forward to an ongoing and deeper collaboration with UMG as both companies work together to bring unparalleled service and product offerings to artists and fans in China’s booming music entertainment market.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME) is the leading online music entertainment platform in China, operating the country’s highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. Tencent Music’s mission is to use technology to elevate the role of music in people’s lives by enabling them to create, enjoy, share and interact with music. Tencent Music’s platform comprises online music, online karaoke and music-centric live streaming services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com.

About Universal Music Group

Universal Music Group (UMG) is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries. Featuring the most comprehensive catalog of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. Universal Music Group is a Vivendi company.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings 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 duty to update such information, except as required under applicable law.

Investor Relations Contact

Tencent Music Entertainment Group
ir@tencentmusic.com
+86 (755) 8601-3388 ext. 883606

Related Links :

http://ir.tencentmusic.com

PR Newswire

“Alchera Is Leaping Higher as a Global Leader,” Presenting Future Strategies Just Before Being Listed on KOSDAQ

Leave a comment

SEOUL, South Korea, Dec. 18, 2020 — Alchera, an AI image recognition startup and a member company of Born2Global Centre, has revealed its strategy and vision just before being listed on the KOSDAQ market as of December 21.

Alchera CI
Alchera CI

Alchera provides a complete solution that covers collecting and editing of large-capacity image data, deep learning, AI engine optimization, and creation of dedicated solutions. The solution has secured an unrivaled position among major domestic customers as it excels in facial recognition, augmented reality (AR), anomaly detection, and data business.

Alchera’s core competitiveness lies in its source technology for artificial intelligence facial recognition and anomaly detection. Alchera’s AI can recognize not only human expressions but also subtle abnormal signs of objects with an accuracy of 99% or more. Instant recognition is also available.

The company has achieved grade A standards in both a technical evaluation by eCredible Co., Ltd., a specialized rating service provider, and an evaluation by Korea Enterprise Data Co., Ltd. Alchera’s technological excellence has been shown when their technology was successfully applied to Shinhan Face Pay, known as Korea’s first facial recognition payment system

Image recognition technology is being used in various industrial fields. Since this was first applied to the Snow Camera in 2016, it has been applied to Incheon International Airport’s Automated Immigration System, the Passport Information Comprehensive Administration System of the Ministry of Foreign Affairs, the passport counterfeit detection system of the Korean financial industry, and the fire monitoring system of KEPCO. The company achieved a high level of market recognition as a result of its successfully established references.

Alchera recently launched a facial recognition-based entry control system with its own algorithm called Alchera ACS that has aggressively entered domestic and international markets. Following the KC and CE certifications, the system is waiting for certification from the Ministry of Food and Drug Safety.

Young-kyoo Hwang, CTO of Alchera, said, "In the non-face-to-face era and a trend of non-contact service, AI image recognition technology is attracting attention as an optimization solution in various areas including payment and public services, financial industry, medical services, entry control, and security services. The company expects a steep increase in sales in the future due to Alchera’s source technology being a strong barrier to entry for overseas competitors who have yet to produce a similar product." He added, "The listing on the KOSDAQ is expected to be a turning point for Alchera to leap higher". He also mentioned, "We will do our best to transform into a global AI image recognition company that leads trends in various industries thanks to our overwhelmingly innovative technology."

For more detailed information on Alchera, visit https://alcherainc.com/en/.

Media Contact
Alchera: ms.kang@alcherainc.com  
Born2Global Centre: jlee@born2global.com

 

Related Links :

http://www.born2global.com/

PR Newswire

Crypto.com Chain Prepares for Mainnet Launch with Final Dry Run

Leave a comment

Mainnet stress test event, Crossfire, includes USD 300,000 validator incentives

HONG KONG, Dec. 18, 2020 — Crypto.com today announced Crossfire, the Crypto.com Mainnet dry run, aimed at stress testing the network in a practical, real-world setting before public release. Crossfire marks an important milestone and final step in preparation for mainnet. Participating Validators have the opportunity to compete with each other while completing tasks. Winning Validators will share a prize pool of USD 300,000 in CRO rewards.

In the last year, the Crypto.com Chain has received massive support from its community and industry partners. Croeseid, the latest testnet, features a new codebase based on the Cosmos SDK and has achieved great success with 50+ validators deployed and over 800,000 transactions processed.

Kris Marszalek, CEO of Crypto.com, said: "With the Mainnet production dry run, we are entering the final stretch on the road to go-live. The Crossfire competition for validators with $300,000 in rewards is a critical part of stress testing the network before the much anticipated launch."

The Cosmos SDK, upon which the Crypto.com Chain is built, promotes scalability, usability and coin interoperability. Cosmos’ inter-blockchain communication (IBC) module allows cross-chain asset transfers and communications that provide strong support for DeFi use cases, a core element of Crypto.com’s product roadmap. Crypto.com Chain mainnet continues to adopt Tendermint Core as its consensus engine, one of the most mature Byzantine-fault tolerant (BFT) consensus engines for building proof-of-stake systems, and its codebase is released on Github here written in the Go programming language.

Crossfire Validator Competition

Those interested in becoming a validator can begin registering at 13:00 UTC, 17 December 2020, with the competition period running from 04:00 UTC, 18 January 2021 through 03:59 UTC, 15 February 2021.

Crossfire Validator Tasks: (Note: No minimum CRO staking requirement)

  • Entry tasks – Setting up validator nodes and keeping them online
  • Complete tasks for additional rewards:
      ○ Submitting transactions to the network for a chance to win the jackpot
      ○ Proposal voting participation
      ○ Perform node client update
      ○ Observe and report valid network attacks via Crypto.com Chain GitHub
      ○ Compete with other validators to become one of the top 10 Most Valuable Participants (MVPs)

Crossfire Validator Rewards:

Compete with other validators to become one of the top 10 Most Valuable Participants. Each eligible participant may receive CRO rewards upon completion of tasks:

  • Entry tasks – Up to USD 1,000 each (200 winners)
  • Network upgrade – Up to USD 150 each (200 winners)
  • Jackpot – Up to USD 10,000
  • MVP Prize – USD 13,000 shared among the top 10 validators
  • Network attack sharing, bug and bounty program – Up to USD 50,000 shared by contributors
  • Referrals – We encourage participants to refer their friends to join the Crossfire dry run as well. Eligible referrers and referees will receive a reward of 50 USD worth of CRO each. Read more about the referral program here.
  • Additional details on the prize pool and rewards breakdown can be found here.

Sign up to become a validator here. For more information on setting up a validator or a full node on Crypto.com Chain, click here.

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Crypto.com serves over 5 million customers today, providing them with a powerful alternative to traditional financial services through the Crypto.com App, the Crypto.com Visa Card, the Crypto.com Exchange and Crypto.com DeFi Wallet.

Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks. Crypto.com is headquartered in Hong Kong with a 700+ strong team. Find out more by visiting https://crypto.com.  

Logo – https://techent.tv/wp-content/uploads/2020/12/crypto-com-chain-prepares-for-mainnet-launch-with-final-dry-run.jpg

 

 

 

PR Newswire

uCloudlink and ING Bank Bring High-quality Mobile Network Connectivity to the Banking Sector for Fifth Consecutive Year

Leave a comment

HONG KONG, Dec. 17, 2020 — UCLOUDLINK GROUP INC. ("uCloudlink") (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, and ING Bank N.V. ("ING") are entering their fifth year of cooperation for ING branches worldwide. Over the past half-decade, uCloudlink has remained committed in its efforts to help ING employees and users enjoy high-quality reliable mobile network access at any time and anywhere.

Since the partnership began in 2016, uCloudlink has been providing ING with global mobile data connectivity solutions. The company has supported ING executives and business travelers from branches in the Netherlands, Spain, the Philippines, Singapore, Turkey, the United Kingdom, the United States and other countries to remain connected without limitations during frequent international business trips, while reducing the cost of global roaming.

Those in the banking and finance sector have high requirements for internet connectivity at home and abroad. For enterprises with a large number of employees frequently travelling overseas, a flexible, efficient and reliable mobile connection is important to facilitate increased efficiency and maximum returns from the trip. However, global roaming has historically been expensive and unreliable, leading to wasted time and resources when abroad. uCloudlink provides a better solution by offering a selection of convenient options and diverse plans for reliable international mobile data connectivity.

As a leading banking and financial services company, ING entered an enterprise cooperation agreement with uCloudlink five years ago, in order to provide mobile Wi-Fi terminal products and services for employees and users. Leveraging its core patented CloudSIM technology, uCloudlink dynamically and intelligently selects the most suitable mobile network depending on the user’s location — allowing ING staff and users to enjoy superior mobile connectivity across different regions and various network operators. As the partnership approaches the five-year mark, the strength and endurance of the cooperation is a testament to the quality of uCloudlink’s products and services, which stand the test of time.

In addition to its partnership with ING, uCloudlink’s flexible global data roaming service plans can be tailor-made for a wide range of enterprises to allow better cost savings, resource management and support. At present, uCloudlink has provided services for various global institutions. Furthermore, a number of executives and employees of multinational investment firms personally purchase and use uCloudlink products and services, either from online store or via the APPs such as GlocalMe.

Looking ahead, uCloudlink looks forward to serving more enterprise customers seeking cost-effective and reliable data connectivity with low network latency, to be used locally and internationally. With its core patented technologies, extensive products and services, and significant investment in R&D, uCloudlink will allow business partners and users from just "connected" to "superior connection".

uCloudlink will continue to expand its high-tech solutions to new industries as it seeks to establish its ecosystem globally, and dedicate itself to exploring new business opportunities in domestic and overseas markets.

About UCLOUDLINK GROUP INC.

uCloudlink is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative CloudSIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.

 

PR Newswire

Coinstreet Partners and ECXX announce strategic partnership in asset tokenization, digitized securities and STO areas

Leave a comment

SINGAPORE, Dec. 17, 2020 — Coinstreet Partners (“Coinstreet”), an award-winning AI-powered global decentralized investment banking group, and ECXX, a regulated blockchain-based digital securities exchange in Singapore, have entered into a strategic partnership to bring in end-to-end services to security token offering (“STO”) and secondary trading of digitized securities to institutional and accredited non-individual investors in the Singapore market.

The Coinstreet investment banking group has strategic investments and deep collaborations with licensed broker dealers in international financial centers including USA, United Kingdom, Germany, UAE, Hong Kong, Japan, Korea, Malaysia. They recently launched TADS Awards, the world’s first international award for Tokenized Assets and Digitized Securities sectors (www.TADSawards.org).

ECXX operates a STO exchange (ecxx.co), that is integrated with MyInfo, the one-stop Singapore government identity platform. In addition being admitted as a Recognised Market Operator (RMO) by the Monetary Authority of Singapore (MAS) to the Fintech Sandbox under the Recognised Market Operator (RMO) regime, ECXX has also applied for a license under the Payment Services Act and once approved, it will be the first exchange in Singapore to offer both digital payment tokens and digital securities under two different platforms.

Samson Lee, CEO and Founder of Coinstreet Partners said:

“Coinstreet has been focusing on structuring and primary market of digital assets in the international market. ECXX’s vision is to be the world’s leading digital asset exchange delivering trustable and secured digital asset trading services. We are very pleased to establish a strategic partnership with ECXX. It can allow us to vertically integrated our primary market services with regulated secondary trading venue in Singapore, which is a very important market for us.”

Branson Lee, CEO of ECXX said :

“We see the digital assets space gaining massive traction and importance over the next few years. Our partnership with Coinstreet will be an important one as this space takes on a more globalised nature.”

Terry Tan, Listing Director of ECXX said :

“Working together with Coinstreet Partners allows ECXX to reach out to more global companies who are keen to tokenize their assets and list their tokens on a regulated digital exchange in Singapore. The strategic collaboration will be a win-win situation for both Coinstreet Partners and ECXX.”

According to a survey from the World Economic Forum, around 10% of global GDP will be tokenized and stored on Blockchain by 2027. Coinstreet serves clients with tokenization needs ranging from stablecoins, real estate, financial services, technology, biotech, healthcare, telecommunications, energy, manufacturing, hotel, hospitality, lifestyle, gaming, media and entertainment sectors. Significant growth in the number of high-quality STO projects and global expansion of investor communities is expected, as the adaptation of this new corporate finance model gains popularity globally.

About Coinstreet Partners (“Coinstreet”)

Founded in 2017, Coinstreet is an award-winning*, AI-powered, global decentralized investment banking group and consultancy firm in the Digital Asset and FinTech sectors, providing a business eco-system for the new era of digital economy. Coinstreet focuses on five key business segments: (1) Digital Asset Investment Banking, (2) Digital Asset Management & Private Banking, (3) Digital Asset Private Equity, (4) Asset Tokenization & Security Digitization Management Solution, and (5) Decentralized Finance & DLT Solution.

Coinstreet is a co-organizer of Global Online Investor Roadshow (www.GOIR.info) – the next generation, institutional scale, online private placement platform for private equity, alternative investments, and digital asset opportunities; and a co-organizer of TADS Awards (www.TADSawards.org) – the world’s first international award for Tokenized Assets and Digitized Securities sector.

For more information, please visit www.coinstreet.partners 
LinkedIn: https://www.linkedin.com/company/coinstreetpartners

About ECXX

ECXX is a premier Digital Securities Exchange made in Singapore with a global reach, allowing users to buy, sell, and store digital assets. Its platform is dedicated to offer unique experiences regardless whether you are a professional or institutional trader.

It is a Recognised Market Operator (RMO) offering Digital Securities In MAS Fintech Sandbox Express. ECXX is the 1st Exchange to be approved and the only private company to be onboarded for MyInfo Business.

For more information, please visit https://www.ecxx.com/
LinkedIn: ecxx.com | LinkedIn

PR Newswire

Blue Hat Announces New Gaming Products Under Development with Planned Global Launches Throughout 2021

Leave a comment

XIAMEN, China, Dec. 16, 2020 — Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, today announced that Fuzhou Csfctech Co., Ltd. ("Csfctech") is actively exploring overseas markets and is currently testing five new gaming products for overseas distribution. The Company recently announced the signing of a definitive agreement to acquire 51% of Csfctech and two subsidiaries (Link to Previous Release).

The acquisition of Csfctech is an important step in the development of Blue Hat’s mobile games unit, which along with AR gaming and interactive education make up the three pillars of the Company’s strategy.

Development of Five New Games

The five new gaming products under development are:

  • Qule King of Fishing War, a competitive fish catching game with multiple players to win prizes
  • Qule Battle The Landlord, a music selection puzzle game
  • MOMO Remove, a brain teaser game
  • MOMO Link, a game of casual puzzle elimination
  • MOMO Hexagon, a block matching game

The Company’s development program also includes Fish King War and Fun Two Dozen One, which are two popular chess-themed games that have been tested online on the Google Play platform.

At present, the Qule King of Fishing War has been licensed by more than 200 countries on Google Play, and will be ready to launch outside of China with an initial focus on Asian markets via the App Store.  After launching, the Company also plans to release regional updates for games such as Qule Battle The Landlord. These two games are expected to enter a stable operation phase in 2021 with the average monthly revenue of USD 0.3 million.

In the future, Csfctech’s will launch a series of casual games in the markets outside of China, with constant improvements and new updates to the platformer, hack and slash and other RPG (role-playing game) games once released to improve the market share of each game.

Mr. Jinlin Zhan, founder of Csfctech said, "We have a robust gaming pipeline for 2021. Csfctech has astrong industry competitiveness in terms of research and development, operational experience, channel resources and IP reserves. With the combination of Blue Hat, we can focus on gaining a global footprint for our games as part of a unified strategy going forward. Csfctech has accumulated a wealth of promotional resources in Southeast Asian countries and regions, as well as North America, leveraging the power of such online platforms as Facebook, Admob, Twitter and other platforms."

Mr. Xiaodong Chen, CEO of Blue Hat, stated, "We are confident that we can drive the rapid growth of the gaming business segment. Looking at the moment, the boom in the gaming market is evident, even after the industry shock in the first half of 2020. We saw a rapid increase in the timing of individuals entering the gaming space, which we intend to capitalize on in the coming months.  With the continuous upgrading of the game business and the launch of new products, Csfctech will provide more adequate promotional resources and new gaming content for players. For the already launched online games, we will also invest more energy and capital to provide regular updates that will be both regional and seasonal in nature, and ultimately drive user growth. We believe the totality of all of our efforts will help drive revenue growth, margin expansion, and net profits in our mobile game development segment."

About Blue Hat

Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. The Company’s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website.

Forward-Looking Statements 

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.

Contacts:

Blue Hat Interactive Entertainment Technology

Phone: +86 (592) 228-0010

Email: ir@bluehatgroup.net

Investor Relations:

The Equity Group Inc. 

In China

Adam Prior, Senior Vice President  

Lucy Ma, Associate

(212) 836-9606  

+86 10 5661 7012

aprior@equityny.com      

 lma@equityny.com

 

Related Links :

http://www.bluehatgroup.net

PR Newswire

Cantilan Bank Deploys First DN Series™ In The Philippines

Leave a comment

The self-service solution provides the latest technology to support the bank’s modernization and financial inclusion strategy

MANILA, Philippines and NORTH CANTON, Ohio, Dec. 15, 2020 — Diebold Nixdorf announced today that Cantilan Bank, Inc., one of the leading rural banks in the Philippines, has installed its DN Series™ ATMs at strategic locations across the bank’s self-service network.


DN Series, a holistic, digitally connected line of self-service banking solutions, will help drive the bank’s modernization and financial literacy program for consumers while delivering the most integrated functionality in the industry’s smallest, most secure footprint.

Lt. Gen. William K. Hotchkiss, III (Ret.), Chairman at Cantilan Bank, said: "Deploying new technologies like DN Series supports our mission to develop financial literacy in many of the rural communities that we serve. We are proud to be the first bank in the Philippines to install this self-service solution and provide our customers with access to more financial services."

Consumer expectations and business needs are changing faster than ever before. DN Series allows financial institutions to easily accommodate these needs through its scalable design, consistent software and common components. In addition, layered security features protect against traditional and emerging physical, data and cyber threats.

Jaivinder Singh Gill, vice president banking Eurasia APAC, at Diebold Nixdorf said: "The DN Series is a combination of leading-edge hardware, software and services that helps customers like Cantilan Bank achieve their digital transformation strategy, grow their self-service footprint and support financial inclusion. We recognize the importance for all people to have access to comprehensive financial transactions and are proud to support Cantilan Bank in this endeavor."

Cantilan Bank completed deployment of the DN Series in October.

About Cantilan Bank, Inc.
Established in 1980, Cantilan Bank has helped improve the economy of many communities through its innovative products and services. With its network of 46 offices operating within 12 provinces in Mindanao and the Visayas, the Bank is able to provide financial access to people and deliver financial inclusion initiatives that aim to convert the unbanked into savings communities. CANBNK is regarded as one of the leading rural banks in the country with total resources of Php 2.4 billion as of December 2019.

About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE: DBD) is a world leader in enabling connected commerce. We automate, digitize and transform the way people bank and shop. As a partner to the majority of the world’s top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 22,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.

Twitter: @DieboldNixdorf
LinkedIn: www.linkedin.com/company/diebold
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf 

Logo – https://techent.tv/wp-content/uploads/2020/12/cantilan-bank-deploys-first-dn-series-in-the-philippines.jpg

Related Links :

https://www.dieboldnixdorf.com