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PR Newswire

Mastercard launches Pay Local, enabling Asia’s digital wallet providers to process card payments from more than 2 billion Mastercard cardholders

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International travelers can now pay like locals at more than 35 million merchants across Asia Pacific

SINGAPORE, Nov. 5, 2024 /PRNewswire/ — Ahead of the Singapore FinTech Festival, Mastercard today introduced Mastercard Pay Local, a global service that makes it easy for consumers to make card payments to merchants using local digital wallets. With Mastercard Pay Local, resident cardholders or international travelers can easily link their credit or debit cards to a digital wallet and immediately shop at participating merchants, without needing to set up or top up a prepaid account.  

Leading wallets in Asia Pacific, such as DANA in Indonesia, Touch ‘n Go in Malaysia, Bakong in Cambodia, and LankaPay in Sri Lanka, will use Mastercard Pay Local to facilitate payments for consumers at more than 35 million merchants in the region that accept these wallets. Beyond Asia Pacific, the service is also geared towards regions where digital wallets are widely used for everyday purchases, such as Latin America, Eastern Europe, and the Middle East and Africa.

Mastercard Pay Local benefits everyone involved:

  • Residents can pay the micro, small and medium enterprises (MSMEs) that do not accept traditional card payments, while tourists and international travelers can enjoy convenient, seamless payments across the destinations they’re visiting.
  • Hundreds of millions of MSMEs can experience increased reach with minimal infrastructure investment or disruptions to their operations.
  • Wallet operators can extend their customer base by attracting individuals who primarily use cards, providing a smooth consumer experience and achieving quicker time to market.
  • Card issuers can deliver more points of acceptance for the consumers they serve.

“With Pay Local, Mastercard is extending its global network to partner wallets and expanding acceptance by making it possible for Asia’s digital wallets to process card-based payments. This creates a low-cost, simple, stable, and secure connection between over 35 million merchants in Asia Pacific and two billion Mastercard cardholders,” said Sandeep Malhotra, executive vice president, Products & Innovation, Asia Pacific, Mastercard. “Locals benefit from new payment options while tourists can use their cards as they do at home, making travel infinitely easier, with one less thing to worry about while on the road.”

Pay Local builds upon Mastercard’s existing collaborations with leading wallet providers, including Alipay and Weixin Pay in the Chinese Mainland and Octopus in Hong Kong SAR, to offer a convenient way for international visitors to pay like locals when traveling to these locations, regardless of where in the world their Mastercard card was issued.

In addition, a range of digital wallets across the region already accept Mastercard cards for funding, enabling easy payments at merchant locations that accept these wallets, including GrabPay in Southeast Asia, Maya in the Philippines, ShopBack in Singapore, and TrueMoney in Thailand.

Businesses that would like to learn more about Mastercard Pay Local should visit the information page and fill out the form. A member of Mastercard’s team will get in contact with more details.

Hear from our partners:

DANA:
“At DANA, we are committed to enhancing the accessibility and convenience of digital payments for all users. By collaborating with Mastercard, we are excited to offer international travelers a seamless way to register and bind their cards to DANA, furthering our mission of bridging financial inclusion across borders. This collaboration reflects our dedication to improving user experience and supporting global financial mobility as we anticipate increased international travel,” said Darrick Rochili, chief innovation officer of DANA.

Touch ‘n Go:
“As Malaysia’s leading digital wallet and financial services provider, we are proud to have expanded our services beyond national borders, enabling users to travel cashless and make seamless payments internationally. Our collaboration with Mastercard underscores the strength of our open platform strategy, allowing us to extend cashless payment solutions to international travelers visiting Malaysia, contributing to the country’s tourism industry and economy. We are pleased to offer inbound tourists the convenience of cashless transactions via QR payment at over 2 million merchants, retail outlets, and service providers across Malaysia,” said Alan Ni, CEO at TNG Digital.

About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions safe, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com 

PR Newswire

SFC+, the most comprehensive digital marketplace app for global Filipinos, is now available on App Store and Google Play

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LOS ANGELES, Oct. 26, 2024 /PRNewswire/ — Seafood City, the largest Filipino grocerant in North America with 1 million weekly in-store foot traffic, over 400,000 active membership base, and the largest Filipino online and in-store collection of vendor partners, has partnered with leading Filipino brands to launch its one-stop digital marketplace app for global Filipinos in North America, SFC+.

Elewin Rebaya, SFC+ President and CEO
Elewin Rebaya, SFC+ President and CEO

A comprehensive digital marketplace app, SFC+ brings together U.S. and top Filipino brands and services, allowing its members to easily shop for authentic products, pay bills, send remittances, and even invest in the future of their loved ones in the Philippines. 

“SFC+ is a digital hub for Filipinos in North America that gives them exclusive access to U.S. and top Philippine brands, discounts, rewards, and a host of exciting benefits every time they shop, save, earn and pay with Suki Points using the app,” said SFC+ Inc. President and CEO Elewin Rebaya. “We created this app with the goal of reaching and serving more Filipinos globally, as well as to enrich and meet their ever-evolving lifestyle demands.”

Through SFC+, users can seamlessly connect with leading brands like ABS-CBN, the SM Group, Philippine Airlines, SMDC, BDO Unibank, Smart, Globe, East West Bank USA, and BayaniPay, among others, simplifying global transactions and bringing the best of the Philippines to North American shores.

“From purchasing items and services to paying bills and even investing in the future of families and relatives they support, SFC+ will make these experiences rewarding for every global Filipino through our membership program,” said Rebaya, who is also the Executive Vice President of Seafood City.

With every partner brand, SFC+ members enjoy exclusive access, curated deals, discount savings, and Suki Points. SFC+ members further enjoy the privilege of paying with Suki Points for their purchases at any Seafood City store including online.

SFC+ will add more brands to its roster to expand its service offerings to global Filipinos.

Features designed for the global Filipino

Some of the key features of SFC+ include zero-fee remittance, bills pay, and embedded banking services by BayaniPay with East West Bank USA and BDO Unibank; opening of BDO Kabayan Savings in the U.S.; digital shopping for Seafood City locations; discounted iWantTFC subscription; converting Philippine Airlines Mabuhay Miles into Suki Points and vice versa; end-to-end purchase of SMDC condominiums including access to 91 SMDC prime properties while enjoying services from experienced specialists; premium access to thousands of SM brands and outlets through the SM Gift Pass Choice; discounted balikbayan box shipping with LOGO; and direct donations to the ABS-CBN Foundation International and Gawad Kalinga USA.

SFC+ is the official marketing and service partner of SMDC in North America.

“By partnering with SFC+, we are extending our reach to global Filipinos, offering them a seamless platform to invest in the good life, no matter where they are in the world. Through this collaboration, we reaffirm our commitment to building communities that enhance lives and connect people to progress,” said Jessica Sy, SMDC AVP and Head of Corporate Planning and Development.

“We are proud to be part of SFC+ to deliver tailored banking solutions to the Filipino community in the U.S.,” said Parker Shi, Chief Operating Officer of East West Bank USA. “Through this collaboration, we aim to enhance the financial well-being of Filipinos by providing convenient access to essential banking services and exclusive rewards.”

“There’s a thriving community of global Filipinos in North America that we aim to serve strongly and vibrantly through SFC+,” said Talino Venture Studios CEO Winston Damarillo, who also helmed the creation of SFC+. “We didn’t just build an app; we built a home, and its doors will remain open to Filipinos who long to connect and celebrate their Filipino roots wherever they are in the world.”

Discounted Philippine Airlines flights

SFC+ members can now book discounted Philippine Airlines flights and earn Suki Points by using promo codes upon purchase of PAL tickets. For business class purchases, 1,000 Suki Points will be awarded, while 500 Suki Points for economy class.

“We welcome SFC as our latest partner under the Mabuhay Miles program. Our shared values of promoting Filipino culture and tradition have made our partnership truly special and memorable,” said Philippine Airlines President and COO, Stanley Ng. “Surely the Suki Points of SFC+ customers can take them to exciting destinations and even help them fly home once they start redeeming with Mabuhay Miles or convert their Mabuhay Miles into Suki Points,” he added.

Win a condo, free round-trip flights

Everyone who downloads and signs up on SFC+ will get a chance to win a grand prize of an SMDC condominium and round-trip PAL tickets to the Philippines through the Suki Condo Sweepstakes. About 20,000 people who have signed up on SFC+’s waitlist will each receive 1,500 Suki Points while non-waitlisters will each get 1,000 Suki Points. Both may also choose between 15 lbs Calrose rice and a $10 gift card while supplies last.

“Since 1989, millions of Filipinos in the U.S. and Canada have found a home away from home in Seafood City stores,” Rebaya said. “This is our way of giving back to our countrymen who keep on giving. Our ecosystem of benefits is the advantage they unlock once they download the app and become SFC+ members.”

***

About Seafood City

Seafood City Supermarket is the largest Filipino grocerant in North America. A de facto community town center or hub for Filipino-North Americans wherever it operates. It is anchored by a full service supermarket, various food service operations, including iconic Philippine brands, plus services and merchants relevant to the lifestyle of the Filipinos in the region. From its humble beginnings in San Diego, California, Seafood City now has numerous operations in the United States and Canada including those in California, Nevada, Texas, Washington, Illinois, Hawaii, Arizona, Ontario, Manitoba and Alberta. The push towards the Midwest and the East Coast is part of its expansion plans.

About Talino

Talino Venture Studios is an award-winning global venture studio for inclusive fintech. Born in the intersection of Silicon Valley and Southeast Asia, Talino Venture Studios is on a mission to bridge financial inclusion for over 1.7 billion people around the world. It uses the successful venture studio model to build repeatable, scalable, and profitable fintechs that empower underserved, underrepresented groups around the world with financial access and mobility. Talino Ventures Studios (talinolabs.com)

PR Newswire

AI Automation Company bluesheets rebrands as fileAI

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SINGAPORE, Oct. 21, 2024 /PRNewswire/ — bluesheets, a pioneer in financial data AI automation, is rebranding to fileAI, reflecting a significant evolution in its mission and services. This name change marks a strategic shift from a focus primarily on automating financial data to a broader commitment to automating all file types and business processes with flexible, agentic AI-driven workflows.

As businesses seek greater efficiency and innovation without expanding their workforce, fileAI is poised to lead the way. The company focuses on eliminating manual file processing, redefining business operations with AI-driven solutions. Its new name reflects a commitment to streamlining operations across sectors, helping organizations boost effectiveness and adaptability in a rapidly changing environment.

“Transitioning from bluesheets to fileAI represents more than just a name change; it embodies our dedication to revolutionizing how businesses use their data,” said Christian Schneider, CEO of fileAI. “Our advanced automation solutions streamline manual file handling and workflows, allowing teams to focus on what truly matters—building strong client relationships, empowering employees, and fostering growth and innovation. With fileAI, we lay the groundwork for effective, agent-driven business processes.”

Key Highlights:

  • Comprehensive File Automation: fileAI’s platform now supports automation for any file type, such as spreadsheets, PDF, images and more, significantly broadening its applicability across industries. The system is designed to understand, parse, index, tag, and enrich file data without the need for upfront data training.
  • Future-Ready Solutions: With a focus on agentic, AI-driven workflows, fileAI is committed to evolving its offerings to meet the dynamic needs of modern businesses.
  • Enhanced Business Workflows: The new capabilities aim to improve efficiency by integrating seamlessly into existing business processes (fileAI already integrates with over 200+ platforms!)

To learn more about how your business can leverage AI to automate your manual and repetitive business processes, visit file.ai.

About fileAI:

fileAI is a leading provider of AI automation solutions that leverage artificial intelligence to process any file end-to-end directly into any system without manual intervention. With a commitment to innovation and customer success, fileAI enables organizations across various sectors to unlock manpower stuck doing low-value tasks for higher value work.

PR Newswire

Moomoo Launches Moomoo Desktop Version

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JERSEY CITY, N.J., Oct. 19, 2024 /PRNewswire/ — The investment and trading platform moomoo has recently launched its redeisgned desktop to better serve U.S. retail investors and help unlock their trading potential.

The newly developed, client-driven platform offers customizable multi-monitor layouts with advanced features tailored for investors, including powerful charting and analytical tools. It also enables seamless symbol syncing across tabs and streamlined order placement. With built-in market insights and educational resources, the platform empowers investors to make informed decisions. Moomoo will relaunch its web version later in 2024.

Since its U.S. launch in 2018, moomoo has been bridging the gap between institutional and retail investors by offering a reliable, user-friendly trading platform designed for investors of all experience levels. With access to Level 2 data for its brokerage customers and zero-commission trading for stocks, ETFs, and equity options, moomoo helps empower both novice and seasoned investors to navigate the markets with greater confidence.

“We believe our next-gen workspace is built for the future of trading, offering pro-level tools without the pro-level pricing. At moomoo, we’ve always leveraged technological innovation to continuously evolve our platforms across various formats, ensuring we meet the unique needs of our customers,” said Neil McDonald, CEO, Moomoo US.

Nowadays, users can download the moomoo desktop version here to experience the new platform and unlock their full trading potential. 

About moomoo

Moomoo is an investment and trading platform that empowers global investors with pro-grade, easy-to-use tools, data, and insights. It provides users with the necessary information and technology to make more informed investment decisions. Investors have access to advanced charting tools, technical analytics, and in-depth data. Moomoo grows with its users, cultivating a community where investors share, learn, and grow together in one place. Moomoo provides free access to investment courses, educational materials, and interactive events that any investor, at any level, can gain from. Users can join forum discussions, trending topics, and seminars to better their investment knowledge and insights.

The moomoo app is offered by Moomoo Technologies Inc. (“MTI”) a company that is based in Jersey City, New Jersey. The app is used globally in countries including the U.S., Singapore, Australia, Japan, Malaysia and Canada. MTI is not a broker-dealer and does not provide investment advice or recommendations. In the U.S., securities products and services are offered by Moomoo Financial Inc. (“MFI”), an SEC-registered broker-dealer and member FINRA/SIPC. MTI and MFI are indirect, wholly-owned subsidiaries of Futu Holdings Limited (Nasdaq: FUTU).

For more information, please visit moomoo’s official website at www.moomoo.com/us or feel free to email: pr@us.moomoo.com.

*Investing is risky.  *Level 2 data is free for Moomoo Financial Inc. accounts with a minimum 30-day average account value of $100+. Other conditions apply, to learn more, visit moomoo.com/us/support/topic3_435.

*U.S. residents trading in U.S. securities may trade commission-free using the moomoo app through Moomoo Financial Inc. Other fees may apply. For more info, visit moomoo.com/us/pricing.

PR Newswire

Forrester: Mobile Banking Innovation Gap Widens In Australia Amidst Rising Customer Expectations

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Only two of the big four Australian banks, Westpac and CommBank, offer personalized features that proactively anticipate customer needs

SYDNEY, Sept. 12, 2024 /PRNewswire/ — According to Forrester’s (Nasdaq: FORR) Digital Experience Review™: Australian Mobile Banking Apps report, 75% of Australian online adult banking customers have used their mobile banking app in the past month, up from 59% in 2022. Yet most customers who used their bank’s mobile app give it a Customer Experience Index (CX Index™) score of just OK, and only 63% agree that their bank offers mobile capabilities that meet their needs.

To gauge the ease and effectiveness of mobile banking experiences, Forrester evaluated the smartphone apps of the “big four” Australian banks: ANZ, Commonwealth Bank of Australia (CommBank), National Australia Bank (NAB), and Westpac.

Key findings from Forrester’s review include:

  • Westpac leads with innovative features. Westpac emerged as the leader for the second year in a row. The bank’s app excels in money movement and account management, introducing personalized features that keep customers informed about their budget usage and spending limits. CommBank stood out as a close second, offering automated savings capabilities that reduce the cognitive load on its customers.
  • Some Australian banks have made significant strides, but overall mobile banking has stalled. Only two of the four banks, Westpac and CommBank, introduced new, personalized features that anticipate customer needs over the past year. Weak spots include the use of customer context to offer actionable insights that help customers manage their money.
  • Customers’ expectations are rising. Australian banks do the basics well, but the gap between leaders and laggards is widening as customer expectations rise. Australian banks need to invest in industry best practices that are table stakes now — for example, customers’ ability to manage their accounts digitally, improving search to help customers find and make sense of their transactions, offering real-time contextual help to resolve critical issues, and leveraging emerging technologies to deliver improved experiences.

“Given the widespread use of mobile banking apps in Australia, banks should consider investing in features valued by their customers,” said Zhi-Ying Barry, principal analyst at Forrester. “While there are some bright spots, there is a huge opportunity for Australian banks to invest more in emerging technologies such as generative AI and conversational AI to anticipate their customers’ needs and offer more personalized financial advice and solutions.”

Forrester’s Digital Experience Review research, combined with results from its Banking Customer Experience Index Rankings, evaluates digital experiences delivered to consumers, helping business, marketing, and technology leaders understand the best practices and optimal digital experiences that drive growth and customer loyalty.

Resources:

  • Learn more about the findings of Forrester’s Digital Experience Review for Australian mobile banking apps as well as best practices that banks should follow to improve CX.
  • Download The Forrester Digital Experience Review™: Australian Mobile Banking Apps, Q3 2024 (client access required).

About Forrester
Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We help leaders across technology, customer experience, digital, marketing, sales, and product functions use customer obsession to accelerate growth. Through Forrester’s proprietary research, consulting, and events, leaders from around the globe are empowered to be bold at work — to navigate change and put their customers at the center of their leadership, strategy, and operations. Our unique insights are grounded in annual surveys of more than 700,000 consumers, business leaders, and technology leaders worldwide; rigorous and objective research methodologies, including Forrester Wave™ evaluations; and the shared wisdom of our clients. To learn more, visit Forrester.com.

PR Newswire

ThroughPut.AI Unveils AI-powered Inventory Management Capabilities to Free-up Working Capital, Grow Revenue, and Expand Margins

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Revolutionary AI-based Supply Chain Decision Intelligence platform launches new inventory capabilities to identify and quantify working capital savings, while predicting and recommending opportunities to accelerate revenue and profitability

PALO ALTO, Calif., Aug. 13, 2024 /PRNewswire/ — ThroughPut Inc., the Gartner-recognized Industrial AI Supply Chain Analytics and Decision Intelligence pioneer, today announced the launch of new inventory management capabilities that empower businesses to drive higher profitability through powerful working capital spend projections, real-time inventory predictions, and dynamic rebalancing and replenishment recommendations.

The current release enables advanced visibility and actionability for businesses to manage their inventory and material movements across all their SKU’s, customers, locations, and supply chain end-points. As a result, they can increase inventory turns, ensure rapid availability of fast-moving products, and reduce safety stock and carrying costs. With these new capabilities, businesses now have the unprecedented availability to unlock capital, improve operational efficiencies, and boost margins. By leveraging ThroughPut’s patented, award-winning AI and Machine Learning supply chain decision intelligence platform on top of their existing diverse data systems, organizations of all types can rapidly pinpoint where capital allocation is insufficient, predict outcomes, and make recommendations enabling them to accelerate goods movement, revenue, and margins.

“ThroughPut.AI’s enhanced working capital management capabilities show our customers where their excess working capital lies, where their operations are underfunded, and projects how these gaps should best be optimized,” explains Seth Page, Chief Operations Officer and Head of Strategic Partnerships at ThroughPut.AI. “With advanced AI algorithms optimizing operations for financial analytics, insights, decision intelligence, and recommendations, we enable organizations to plan the best scenario for inventory spend down to the per SKU, per route, per location, per source, levels, so that they may cater to true demand at all times, whether sudden, seasonal, cyclical, or previously “unpredictable.” You can better analyze, predict and prepare for all these situations and many more by leveraging your existing diverse data systems with operational AI to achieve greater financial results.”

The new release focuses strongly on the following capabilities:

  • Projecting Working Capital Spend Optimization: Leverage powerful algorithms to identify when and where capital is unnecessarily tied-up, or where it needs to be supplemented to optimize flow of goods, cash, and profits.
  • Reducing Spend and Identifying Savings Opportunities: Identify specific SKUs on which spend can be safely reduced to enhance cost savings without compromising on product quality or service levels.
  • AI-powered Predictive Analytics: Get actionable insights, predictions and recommendations – on everything from inventory turnover rates to potential stockouts – to make proactive informed decisions that optimize inventory performance.
  • Advanced Demand Sensing: Move beyond traditional demand forecasting with stale assumptions and old data, and enable more accurate dynamic demand sensing to rapidly respond to shifts in market trends and customer priorities.

With ThroughPut’s latest release, businesses can rapidly segment their product portfolios, identify their best and worst performing products, adapt their product mix to prioritize fast-moving goods with higher contribution margins, and ensure the greater flow of goods, material, and cash.

PR Contact

Tina Jacobs

pr@throughput.ai

About ThroughPut Inc

ThroughPut.AI is a Silicon Valley-based Supply Chain AI-powered Decision Intelligence leader that puts Industrial material flow on Autopilot by leveraging existing Enterprise Data to achieve superior Business, Operations, Financial and Sustainability Results. ThroughPut improves material flow and free-cash-flow across the entire end-to-end value chain far faster than leading contemporary and legacy solutions. The founding team is led by seasoned serial entrepreneurs with real-world AI, Supply Chain, Manufacturing, Transportation and Operational experience, from the shop-floor to the top-floor, at leading Fortune 500 Industrial Companies & pioneering Enterprise Technology companies.

To learn more about ThroughPut Inc, visit our website today.

Additional Resources:

Source: ThroughPut Inc.

PR Newswire

Future FinTech Announces the Appointment of Hu Li as the New CEO

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NEW YORK, Aug. 9, 2024 /PRNewswire/ — Future Fintech Group Inc. (NASDAQ: FTFT), (hereinafter referred to as “Future FinTech”, “FTFT” or the “Company”), a comprehensive financial and digital technology service provider, today announced that its Board of Directors (the “Board”) approved the appointment of Mr. Hu Li as Chief Executive Officer (“CEO”), President and a member of the Board of the Company, effective August 5, 2024.

Mr. Li will be fully responsible for the operation and management of the Company, helping it to expand internationally, manage its investment and financing activities, and promote the Company’s continued strategic transformation and development. Mr. Li replaces Mr. Shanchun Huang as Chief Executive Officer effective August 5, 2024. Mr. Huang resigned as CEO, President and a member of the Board for personal reasons, and not because of any disagreement with the Company, its management or its directors.

Mr. Hu Li has served as a director and Chief Executive Officer of FTFT International Securities and Futures Limited, a wholly owned subsidiary of the Company since January 2024, and as Corporate Secretary of the Company since June 2019. Since September 2021, he has served as an independent Director of Shineco Inc. (Nasdaq: SISI). Mr. Li served as the chief supervisor of Anhui Yihai Mining Equipment Co., Ltd., a public company in the China NEEQ stock market (stock symbol: 831451) from February 2018 to July 2021. From September 2015 to February 2018, Mr. Li served as the Vice General Manager of Shaanxi Huipu Financial Leasing Co., Ltd. Mr. Li obtained his master’s degree in Business Administration (MBA) from Xi’an Technology University in 2008 and bachelor’s degree from Xi’an Fanyi University in 1996.

Mr. Foyou Li, Future FinTech’s Chairman of the Board, said, “Mr. Hu Li is an excellent executive, having joined the Company five years ago, and he has made many outstanding contributions during this period. Further, Mr. Li has played an important role as the Company transitioned into a fintech company with a diversified portfolio of financial services businesses. Mr. Li has accumulated deep knowledge of our new business and rich management experience during the past five years with the Company. I am very pleased that he has agreed to assume the responsibility as the Company’s new Chief Executive Officer and believe that Mr. Li will fulfill the mission of the Company and take it to new heights of achievement and success.”

Mr. Hu Li, said, “I attach great importance to this new appointment and opportunity. First of all, I would like to thank Mr. Shanchun Huang for his great contributions to the Company over the years. Future FinTech’s success and development cannot be separated from the leadership and guidance of Mr. Huang as he effectively developed our corporate structure and current positioning in the fintech industry. I plan to continue to work shoulder to shoulder with the Future FinTech team to help the Company to achieve sustainable development and accelerate the implementation of our global strategic growth plan. As CEO of Future FinTech, my mission is to lead the organization, set its goals and market strategies, and leverage my executive experience to the benefit of our customers, employees and shareholders worldwide.”

About Future Fintech Group Inc.

Future FinTech Group Inc. (NASDAQ: FTFT) is a comprehensive financial and digital technology service provider. The Company, through its subsidiaries, conducts asset management, brokerage and investment banking services in Hong Kong, operates a cross-border payment business in the United Kingdom, and engages in supply chain trading and finance businesses in China. In addition, the Company has initiated digital asset mining farm operations in the United States. FTFT adheres to the concept of improving financial services with digital and internet technology, and provides its business and individual customers with stable, safe and efficient digital financial services. For more information, please visit www.ftft.com.

Safe Harbor Statement

Certain of the statements made in this press release are “forward-looking statements” within the meaning and protections of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target” and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2023 and our other reports and filings with SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Source: Future FinTech Group Inc.

PR Newswire

ADP Expands ADP SecurTime to the Philippines

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MANILA, Philippines, Aug. 7, 2024 /PRNewswire/ — ADP, a global leader in payroll and human capital management solutions, announces the rollout of ADP SecurTime, its cloud-based time and attendance solution, in the Philippines. This rollout aims to streamline payroll and workforce management process capabilities for businesses across the Philippines.

ADP SecurTime, acquired by ADP in 2023, offers robust cloud-based time tracking, attendance management, and workforce management software. It provides businesses with a range of intuitive and insightful features, including:

  • Capture real-time attendance: Utilises biometrics, tablet or mobile phone for real-time tracking
  • Time fraud prevention: Features geo-tagging, geo-fencing, live tracking and alerts
  • Integrated payroll and time: Reduces potential pay inaccuracies and administrative time
  • Centralized dashboard: Offers reports and analytics to identify patterns and discrepancies

“We are proud to introduce ADP SecurTime to the Philippines, empowering businesses with a state-of-the-art time and attendance solution tailored to meet the unique challenges of managing a diverse workforce,” said Jessica Zhang, Senior Vice President of APAC at ADP.

“By integrating our robust payroll solutions with ADP SecurTime, businesses in the Philippines can enhance efficiency and accuracy in workforce management. This powerful combination reduces administrative burdens and saves costs, enabling companies to focus more on strategic growth and employee satisfaction.”

“The rollout also underscores our commitment to supporting businesses with innovative solutions that drive productivity and compliance,” added Zhang.  

ADP provides services to a wide range of businesses and industries, helping organizations manage their payroll, HR, time, tax, and benefits needs. Serving more than one million clients in 140 countries, ADP has the experience and scale to support businesses of all sizes – from small business to global enterprise – across all industries.  

About ADP (NASDAQ – ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential.  HR, Talent, Time Management, Benefits and Payroll.  Informed by data and designed for people.  Learn more at ADP.com

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc.

Copyright © 2024 ADP, Inc. All rights reserved.

Source: ADP, Inc.

PR Newswire

EMTECH ANNOUNCES BEYOND COMPLIANCE PRODUCT FOR FINTECHS TO PROACTIVELY MANAGE RISK

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NEW YORK and ACCRA, Ghana and LAGOS, Nigeria, July 31, 2024 /PRNewswire/ — Award-winning software provider, EMTECH has announced a new software product called Beyond Compliance, to help Financial Service Providers (FSPs) automate and manage regulatory compliance in one place. Regulatory Compliance is an imperative for FSPs as the fines for non-compliance can run into the billions of dollars. Beyond Compliance helps users stay ahead of regulatory issues before they result in fines, loss of a license, bankruptcy or closures.

EMTECH's Beyond Compliance software introduces a new way for fintechs to manage compliance and meet regulatory requirements.
EMTECH’s Beyond Compliance software introduces a new way for fintechs to manage compliance and meet regulatory requirements.

The ground-breaking Beyond Compliance product provides users with regulatory checklists and workflows to enable and guide them through compliance processes. By simply selecting their regulator or jurisdiction and providing a few details, users can standardize and automate compliance activities. EMTECH designed the compliance product to increase business efficiency and reduce labor costs while reducing fragmentation and manual processes.

As the incidences of fraud, digital identity theft and money laundering increase, a recent McKinsey & Company report, “The future of the payments industry: How managing risk can drive growth“ notes that service providers should “modify their risk management programs to protect their revenue and improve regulatory compliance. This may include enhancements to issue management, due diligence processes, risk appetite setting, or risk identification processes.”

“If fintech is to grow more resilient and effective at protecting consumers today and in the future, we have to rethink how compliance will be managed compared to how it’s done today. With highly fragmented regulatory requirements, risk monitoring and reporting methods, a more integrated compliance management platform is an essential tool for survival and growth” notes Carmelle Cadet, CEO and Founder of EMTECH.

The Beyond Compliance product provides “a great user experience, it is a customizable solution. The product is detailed and very effective in ensuring compliance to regulatory directives”, says beta user Kwasi Ofei, Head of Compliance at Juni Payments.

“Regulatory compliance can be a complex task for FSPs. EMTECH’s Beyond Compliance is designed to help fintechs manage their compliance requirements, in one or more markets, monitor their compliance status and provide a level of regulatory visibility that is required by Central Bankers and regulators,” says Steven Dickens, Chief Technology Advisor at The Futurum Group.

About EMTECH
EMTECH provides software, data and services that connect central banks to other regulators and financial services providers. EMTECH’s platforms power regulatory data exchange, compliance, supervision, currency issuance and currency movement in financial markets. The company is founded and led by a former IBM Blockchain Executive, Carmelle Cadet.

For more information visit the EMTECH website.

Media Contacts:

Linda Arroz, Makeover Media
Phone: 818.635.8753
email:linda.arroz@makeovermedia.com 

Mary Hall, Chief Marketing Officer, EMTECH
Email: Mary@EMTECH.com

PR Newswire

Toss Securities Expands Global Footprint with Establishment of US Office

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  • Toss Securities establishes its first global office in the U.S., aiming to expand its global presence
  • Kyungsoo (Peter) Kim, the current Head of Finance, will be appointed as the CEO for U.S. entity
  • Seungyeon Kim, CEO of Toss Securities says “The U.S. office will significantly accelerate the company’s business base in the market”

SEOUL, South Korea, July 30, 2024 /PRNewswire/ — In a strategic bid to extend its global footprint, Toss Securities, a securities firm with the largest data-driven investment platform in South Korea, is set to establish a new corporate office in the United States.

Toss Securities is a subsidiary of the South Korean fintech giant, Viva Republica, which operates the financial super app Toss. Its integrated account service allows customers to conveniently trade multiple financial instruments from one account without installing a separate app.

At a recent board meeting, the company unanimously voted to approve establishing a U.S. office under the name Toss Securities Americas (TSA), which is expected to be established during the second half of this year.

Kyungsoo (Peter) Kim, the current Head of Finance of Toss Securities, will be appointed as the CEO of its new wholly owned subsidiary, TSA. This will allow Toss Securities to bolster relationships with U.S. brokers and partners.

Toss Securities is also actively pursuing various non-financial business opportunities. One of its recent collaborations includes a marketing and partnership agreement with GraniteShares, one of the leading global ETF operators in the U.S. This partnership is part of the company’s efforts to identify and explore potential opportunities for business expansion.

“As a market leader in Korea for U.S. securities trading, it is a clear progression for Toss Securities to expand into the U.S. market,” said Seungyeon Kim, CEO of Toss Securities. “We are already working closely with our partners in the U.S., and this establishment will significantly accelerate our business base in the market.”

Toss Securities, which launched its mobile trading platform in March 2021, has been a trailblazer in the Korean investment industry as the first securities company of the mobile era. As of July 2024, the company has more than 6.1 million customers and over 3.2 million Monthly Active Users (MAU).

About Toss Securities

Toss Securities, a subsidiary company of Viva Republica, which operates the financial super app Toss, launched its customer service in March 2021. As a newly licensed securities company after 13 years, it provides user-centered services with UX/UI optimized for the mobile environment. In particular, it is the first in the industry to introduce an integrated account service that allows customers to conveniently trade multiple financial instruments from one account without installing a separate app, and as of July 2024, more than 6.1 million customers have used Toss Securities. Monthly Active Users (MAU) reach over 3.2 million to date. In addition to real-time overseas decimal stock trading, the company offers a variety of services such as community and customized content and is evolving into a data-driven investment platform.