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PR Newswire

InvestCloud launches InvestCloud X

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Next-generation product suite revolutionizes wealth management communication, planning and financial product distribution

LOS ANGELES, Nov. 1, 2021 — InvestCloud, the global leader in financial digital transformation, today unveiled InvestCloud X – its most significant product innovation yet. InvestCloud X is three revolutionary products packaged into one: a Digital Communication platform transforming the way advisors interact with clients, a Digital Planning platform designed to cover the simplest to the most sophisticated needs of all investors, as well as a Digital Shopping platform for financial products called the Financial Supermarket.

Co-founder and CEO John Wise said: "Combining three products into one is a game-changer. The ability to work on plans at different age and wealth moments, then immediately select financial products to achieve these plans, and then monitor, report and communicate in one platform and product is a game-changer."

Like everything InvestCloud has done in its 11 years since inception, InvestCloud X is deployed on InvestCloud’s financial cloud platform, which today supports $6.3 trillion in assets across over 20 million investor accounts in over 40 countries globally. As with all InvestCloud products, InvestCloud X has been designed and built using InvestCloud’s iProgram (formerly known as PWP), the patented AI code generating engine that is a revolution for cost and time to market. Connecting all aspects of InvestCloud X is of course the InvestCloud Digital Warehouse, the custom central data warehouse cataloging data for seamless search and access the world over.

Intuitive Digital Communications

The InvestCloud X Digital Communication platform is a digital platform for client and advisor communication. It enables the creation of custom experiences that can be optimized and refined for an unlimited number of personas and viewed on mobile or desktop, from anywhere, at any time. Using both gaming and decision theory, InvestCloud’s behavioral science offerings encouraging end-users to stay actively engaged in their financial wellness. The platform also leverages AI trained on historical information to serve up custom recommendations for products and actions in a client portfolio.

Intelligent Digital Planning

The InvestCloud X Digital Planning platform offers completely comprehensive financial plans, at any stage of the wealth continuum, from basic goal-based planning for the mass affluent to the sophisticated and complex needs of all investors – including tax and estate planning. As with the Digital Communication platform, the Digital Planning platform is entirely customizable to the end-user, allowing advisors to guide their clients in completing and maintaining their financial plans on their own terms.

Co-founder and Chief Product Officer for Digital Wealth Yaela Shamberg explains: "From Lifestyle to Goal-Based plans, Cashflow, Tax, Trust and Retirement, the Digital Planning platform in InvestCloud X is a fully digital experience, accessed using the InvestCloud X Communication Platform. These Planning tools leverage the same behavioral science techniques that are core to InvestCloud, encouraging engagement with a thorough eye on design and user experience."

A Revolutionary Financial Supermarket

The Financial Supermarket is an Amazon-like marketplace for the financial industry – a financial product marketplace for distributors and manufacturers. With the Financial Supermarket, all products are cataloged on one platform, allowing for simple search by advisors, simple addition by asset managers and simple execution by advisors for clients. The products can be marketed with detailed information – from historical performance data to rich media (video, podcast, etc.), which help paint a clearer picture of the opportunity.

Chief Product Officer for the Financial Supermarket Fred Duden adds: "This is our game-changer. Insights and due diligence are digitized and seamless within the Financial Supermarket. As with all things InvestCloud X, this product information is effortlessly shareable via the Digital Communication platform, and executable via the Digital Planning platform."

InvestCloud hosted a live stream launch event last week, and a recording of the product launch is now available on the InvestCloud website here.

About InvestCloud

InvestCloud is a global company specializing in digital platforms that enable the development of financial solutions, pre-integrated into the Cloud. The company offers on-demand client experiences and intuitive operations solutions using an ever-expanding library of modular apps, resulting in powerful products. Headquartered in Los Angeles, InvestCloud has over 20 global offices including New York, London, Geneva, Singapore and Sydney, supporting trillions in assets across hundreds of diverse clients – from the largest banks in the world to wealth managers, asset managers and asset services companies.

For more information, visit InvestCloud.com.

InvestCloud Media Contact:
Rich Went
Metia Group
+44 (0) 7745 496 065
Rich.Went@Metia.com / InvestCloudUK@Metia.com 

PR Newswire

Jianpu Technology Wins Top Fintech Innovation Award and Reveals Business Developments in New Categories and Markets

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BEIJING, Oct. 30, 2021 — Jianpu Technology Inc. ("Jianpu" or the "Company")(NYSE: JT), a leading independent open platform for discovery and recommendation of financial products in China, is pleased to announce that it recently won the prestigious 2021 Top 10 Fintech Innovation Award (the "Award"). The Award, bestowed by "The Chinese Banker" recognizes Jianpu’s excellence in enabling the digitization of financial institutions.

As one of the most influential acknowledgements within China’s financial industry, the Award (in its 14th edition) is widely respected by the fintech industry, regulators and financial institutions. Winning the Award alongside banks such as WeBank, Pingan Bank and China Everbright Bank is a validation of Jianpu’s achievements and contributions in financial industry innovation. Jianpu remains committed to innovation-led growth, embracing artificial intelligence, data science, analytics, cloud computing, machine learning and other technologies to explore and seek breakthroughs across financial product categories and geographies.

As China’s largest independent credit card application online platform, the Company has facilitated the cumulative issuance of over 20 million credit cards. In addition to traditional content-driven traffic, the Company leverages social media to promote its platform via an initiative called Social Media and Partner Program (the "Program"). Launched in 2018, the Program has been highly effective in user acquisition and engagement, resulting in approximately two thirds of credit card application volume via this channel. Jianpu will continue to leverage the Program to expand into other financial product categories and new business verticals.

In diversifying the financial products offered on its platform, Jianpu has also entered into the insurance brokerage sector. With the mission and vision of "Making Insurance More Accessible via Technology", the Company has developed a solution for individual brokers that enables intelligent deal management, insurance product matching and streamlined transaction processes.

Jianpu has also expanded its footprint into Southeast Asia markets by applying and adapting its successful formula and pioneering business models. Winning the trust and support from local regulators and partners, the Company has secured several important permits and registrations in the fintech sector, including financial product aggregator, credit scoring and transaction authentication. Going forward, Jianpu will continue to drive inclusive financial services overseas to benefit more populations around the world.

Mr. David Ye, Co-founder, Chairman and Chief Executive Officer of Jianpu, commented, "As a fintech pioneer, we have placed a high premium on technological innovation in the first decade since our founding. We strive to help financial institutions accelerate their digitalization, enhance accessibility of their products and services, and consequently better serve the real economy. Notably, we have helped small- and medium-sized enterprises to withstand the pandemic by making certain financial services and products more accessible."

"We appreciate the recognition of ‘The Chinese Banker‘, as well as the industry participants. Down the road, we will continue to innovate in such realms as integrated digital capability, consumer education and protection, financial inclusion and accessibility, so as to better serve our users and financial institutions and fully tap into market opportunities in the new era of financial industry’s digital transformation." Mr. Ye concluded.

About Jianpu Technology Inc.

Jianpu Technology Inc. is a leading independent open platform for discovery and recommendation of financial products in China. By leveraging its deep data insights and proprietary technology, Jianpu provides users with personalized search results and recommendations that are tailored to each user’s particular financial needs and profile. The Company also enables financial service providers with sales and marketing solutions to reach and serve their target customers more effectively through online and mobile channels and enhance their competitiveness by providing them with tailored data, risk management and end-to-end solutions. The Company is committed to maintaining an independent open platform, which allows it to serve the needs of users and financial service providers impartially. For more information, please visit http://ir.jianpu.ai.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. 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. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goal and strategies; the Company’s future business development, financial condition and results of operations; the Company’s expectations regarding demand for, and market acceptance of, its solutions and services; the Company’s expectations regarding keeping and strengthening its relationships with users, financial service providers and other parties it collaborate with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
Jianpu Technology Inc.
(IR)Oscar Chen, E-mail: IR@rong360.com
(PR)Amanda Hu, E-mail: Media@rong360.com
Tel: +86 (10) 6242-7068

Related Links :

http://www.x9.cn

PR Newswire

FXTRADING.com Platform Q3 Review: Unstoppable Growth

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SYDNEY, Oct. 21, 2021 — FXTRADING.com experienced tremendous growth and development in Q3 2021, amidst challenging market conditions. On track in becoming the most technologically advanced investment broker in Australia and Asia Pacific (APAC) region, here are the key milestones they have achieved last quarter.

Q3 2021: Key Achievements and Milestones
Q3 2021: Key Achievements and Milestones

July 2021 – Launched new partnership with CGS-CIMB Securities Singapore Pte Ltd

FXTRADING.com partnered with one of Asia’s leading integrated brokerage firms, CGS-CIMB, to offer clients the best trading environment on the IRESS Platform.

Market participants at FXTRADING.com can now gain access to over 10,000 shares spanning 10 different countries across the US, Europe, and Asia. Moreover, FXDTRADING.com traders can utilize more than 50 analytical charting tools and 59 technical indicators to help them make better trading decisions.

June 2021 – Upgraded Website, Banking Facility & Client Management Portal

Traders at FXTRADING.com are now equipped with a diversified trading toolkit including Autochartist, Volatility/Correlation reports, News feeds, Webinars and Trading videos.

The custody of client fund at FXTRADING.com was upgraded to HSBC Client Trust Bank and National Australia Bank (NAB). These changes give the clients the benefit of more efficient local banking transfers, as well as enhanced fund security through the world’s largest international bank.

June 2021 – Accepted PayPal and Worldpay as Available Payment Methods

The funding process at FXTRADING.com has become much more effective than ever. With the integration of PayPal and Worldpay, traders now have additional options to deposit and withdraw funds in a highly secure, cost-effective manner across all major regions and popular currencies

In addition, as both Worldpay and PayPal provide more competitive exchange rates than commercial banks, this is a vital advantage for clients.

About FXTRADING.com, a subsidiary of Gleneagle Securities Australia

FXTRADING.com is the trading name of Gleneagle Securities (Aust) Pty Limited (AFSL 337985), privately owned multi-disciplinary financial services house catering to the trading and investing needs of Retail, Institutional, Corporate and High Net Worth clientele. Their investment products and services include Foreign Exchange, CFDs, Futures, Equities, Equity Derivatives, Exchange Traded Options, Initial Placement Offerings (IPOs) and selected Managed Accounts and Funds.

FXTRADING.com offer clients 10,000+ tradeable instruments including Forex, Commodities, Indices, Stocks and Cryptocurrencies. They provide trading access to various platform interfaces (MetaTrader 4, IRESS Viewpoint, Prime FX and API Trading) depending on your trading needs. Their high-performance trading servers are based in Equinix NY4 and are cross connected to multiple liquidity providers to deliver ultra-low latency, reliable execution, and consistently competitive pricing.

FXTRADING.com’s mission is to provide to all customers an exceptional service, high performance trade execution, and extremely competitive spreads with low fees and complete transparency.

Related Links :

http://fxtrading.com

PR Newswire

Rishabh Pant Starts his NFT Journey with Rario

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NEW DELHI, Oct. 18, 2021 — Indian wicketkeeper and Delhi Capitals captain Rishabh Pant bagged yet another lucrative deal as he signed on with cricket NFT platform Rario. He is the latest cricket star to capitalise on the rising popularity of NFTs by inking the exclusive partnership.

Rario, the world’s first officially licensed cricket digital collectibles platform, enables fans to buy and trade NFTs of their favourite cricketers and international leagues. Pant’s association will allow Rario to mint exclusive digital collectibles of the young stalwart’s iconic moments on and off the field.

Speaking on the partnership, Rishabh Pant said, "The past year of my career has given me very special moments, like the century against England in Ahmedabad or leading Delhi Capitals to the IPL playoffs. My innings in Gabba is also unforgettable. I am delighted to sign with Rario since the fans and I can preserve and enjoy these moments in a new way. I am really enjoying my cricket right now, and am certain there will be many more such innings that we can fondly look back at."

Based on blockchain technology, these NFTs give fans a chance to claim ownership over their favourite pieces of cricket history in a tangible, verifiable way. Recently, Rario also announced that they will be soon launching Rario Marketplace, where the users will be able to list and sell the cricket NFTs purchased on the platform. Additionally, it would be an opportunity for those who missed out buying the NFTs earlier. Cricket fans can interact directly with each other to showcase their collection or trade their Rario cards. The Rario Marketplace will recreate the nostalgia of conventional cricket card collection by creating a community for its users.

Rario Co-founder and CEO, Ankit Wadhwa said, "With every passing series, Rishabh Pant is cementing himself as a star not just for the present, but also the future. We are delighted to sign him on and give cricket fans around the world the opportunity to relive his explosive moments. The launch of our marketplace will elevate the fan experience, making it more interactive and dynamic."

About Rario

Rario is a digital collectible platform by co-founders Ankit Wadhwa and Sunny Bhanot, for cricket fans to collect and trade officially licensed cricket moments on the

blockchain, represented as a non-fungible token.

www.rario.com | Discord | Blog | Twitter | Instagram

shivashish@wordswork.in, +91 9811327887

PR Newswire

Jacobi Asset Management Receives Approval to Launch the World’s First Tier One Bitcoin ETF

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–  Custody provided by Fidelity Digital Assets 

–  Authorised by the Guernsey Financial Services Commission (GFSC)

–  Administrators: Sigma Asset Management (Guernsey) Limited

–  Fund Architecture/Consultancy: Midshore Consulting Limited

LONDON, Oct. 16, 2021 — Jacobi Asset Management  has received approval to launch the world’s first tier one Bitcoin ETF. The Jacobi Bitcoin ETF is a centrally cleared crypto-backed financial instrument, authorised by the Guernsey Financial Services Commission (GFSC) and with custody provided by Fidelity Digital AssetsSM. It is Jacobi’s intention to list the Jacobi Bitcoin ETF on Cboe Europe, one of the largest pan-European equity exchanges, subject to Financial Conduct Authority (FCA) listing approval.

Launched in May 2021 to shape the future of digital asset management, Jacobi brings together decades of expertise from Banking, Regulation, and Fintech to shape the future of digital asset management by designing, issuing and managing institutional crypto products and funds connected to digital assets.

Jacobi is spearheaded by CEO Jamie Khurshid, a former Goldman Sachs investment banker and pioneer of regulatory transparency in financial markets. Jamie was named by Financial News as one of the top 40 under 40 in European trading and technology and ranked in the ‘Exchange invest’ Top 1000 most influential people in global financial markets. He has appointed a team with extensive financial services, regulatory and crypto asset expertise.

CEO Jamie Khurshid said: "We are excited to be launching a new secure, transparent and accessible product to track the performance of Bitcoin. We are de-risking investments in crypto by removing the technology risk associated with the physical asset and the counterparty risk associated with traditional funds or tracker products that are unregulated leveraged debt instruments. We are proud to collaborate with Europe’s leading regulated firms for a truly tier 1 offering to service market demand, subject to the necessary regulated approval. This is an exciting moment for Europe as regulatory approval comes ahead of those waiting for a decision from the U.S. Securities and Exchange Commission."

"The Jacobi Bitcoin ETF will finally bring digital assets wholly into the mainstream investment infrastructure with the support of the leading firms we are working with. It will provide investors with the opportunity to participate directly in physically-settled Bitcoin. This new ETF provides simple, secure, accessible investing into one of the world’s most exciting asset classes via some of the world’s leading regulated entities," commented Roy McGregor, Chairman of Jacobi Asset Management and former CEO of Credit Suisse Channel Islands.

Jacobi Bitcoin ETF investors will benefit from the security of Fidelity Digital Assets’ enterprise-grade custody and execution services, designed to enable institutional investors to safely secure, trade and support investments in digital assets. Chris Tyrer, Head of Fidelity Digital AssetsSM in Europe, commented: "Greater diversity of investor interest has created significant demand for additional vehicles for exposure to help provide broader access to digital asset markets. While safekeeping of assets is a top priority for investors and asset managers in all asset classes, the highly technical nature of digital assets places even more emphasis on this and underscores the need for institutional-grade custody solutions like ours."

The Jacobi Bitcoin ETF was developed to meet regulatory standards by Christopher Jehan, Head of Fund Architecture and former Chair of the Guernsey Investment & Funds Association (GIFA). Christopher led the team at Midshore Consulting in designing the Fund with legal work performed by Collas Crill led by Partner Wayne Atkinson and Senior Associate Gareth Morgan.

Prior to FCA listing approval, Jacobi Bitcoin ETF investments will be facilitated through Sigma Asset Management (Guernsey) Limited ("Sigma"), the fund manager providing management and administration. Fund consultancy support will continue through Midshore Consulting.

For further information visit Jacobiam.com

For enquiries about Jacobi Asset Management, please contact:

Geneva Loader
Jacobi Asset Management
Tel: +44 (0)3330 165 232
Email: Geneva@jacobiam.com

For media enquiries, please contact:

Vanessa Green
The Realization Group
Tel: +44 (0) 771 333 2303
Email: vanessa.green@therealizationgroup.com

PR Newswire

CardsPal introduces in-app gamification to create a fun and engaging user experience

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  • CardsPal gamified its mobile app to enhance user experience in end September 2021
  • Users are prompted to complete fun missions while utilising the app features
  • New milestone of over 200,000 app downloads, as of September 2021

SINGAPORE, Oct. 8, 2021 — CardsPal, a local credit card comparison and deals aggregator app, has added a new dimension to enhance the user experience – in-app challenges.

Aligned with CardsPal’s goal of being a trusted financial tool for credit card deal hunters, the app has lined up a series of engaging in-app missions to enable users to learn about features they can use to best leverage their credit cards while having fun. 

Now, users can look forward to a new, exciting series of in-app challenges, including saving deals, adding cards on the app, and using the Cardculator – an app feature that recommends the right card to get the most rewards for each purchase, and estimates the cashback for each spend. 

The in-app missions are designed to help users enjoy the process of learning about the latest deals and app features, empowering them to gain the maximum savings and rewards based on their unique lifestyles.

Completion of challenges will earn users coins. The app is looking to include strategic partners, such as financial institutions and merchants, to expand the spectrum of rewards available to users.

Cultivating engagement through entertainment 

Chief Product Officer and co-founder of CardsPal, Richard Lu, says, "Everyone learns better through fun and enjoyable processes, rather than rote learning. That is the inspiration behind our newest project – to enable users to learn more about the app’s unique and useful features through fun challenges."  

He adds, "Users earn coins for completing daily check-ins and other exciting missions. Instead of having an app where users check in occasionally, our goal is to develop an app that continually adds value to our users throughout their consumer journey, allowing us to foster a long-term relationship with them."

What to expect from the fast-growing fintech app

CardsPal aims to build a dynamic marketplace that facilitates omnichannel deal discovery and a seamless transaction experience.

Towards the end of the year, there will be a few more exciting app capabilities launched, which includes enabling users to start transacting on the app, and other gamification features.

In addition, users get exclusive welcome gifts upon successful application of selected cards through CardsPal.

To view CardsPal’s photographs and videos, please visit their media assets page.

About CardsPal

CardsPal is a mobile app which empowers users to get the best deals for their cards, and use the right card at the right time! This all-in-one platform for credit card comparison and deal-discovery recommends the most suitable card for each user’s spend, bringing them more cashback and rewards.

CardsPals aggregates all credit card deals for credit cards issued in Singapore, that can be filtered according to cards owned by users. The wide selection of cards featured are organised by banks, card networks, prepaid cards and even membership cards.

One of their most popular app features, the Cardculator, calculates the users’ cashback according to their spend, creating a personalised deal-hunting and savings-maximising experience. CardsPal is a portfolio company of SC Ventures, the innovative arm of Standard Chartered Bank.

Check out their app in the App Store, or the Play Store, and follow them on Instagram, Facebook and LinkedIn! Get the latest money-saving tips and news about their cool app features from their Telegram channel, or blog at their website.

About Standard Chartered

We are a leading international banking group, with a presence in 59 of the world’s most dynamic markets, and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

PR Newswire

WeLab and Apple Authorized Resellers Launch “Subscribe+ for Apple Products”

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The first program of this type in Asia

HONG KONG, Oct. 6, 2021 — WeLab, a leading fintech company in Asia, launches an innovative subscription program for purchasing Apple products with Apple authorized resellers – Subscribe+ for Apple Products. Customers can purchase Apple products through the subscription program using the newly launched WeLab Pay powered by WeLend platform[1]. For as low as just HK$204 a month, customers can own the latest iPhone 13 (128GB storage), or HK$152 for a MacBook Air (256GB storage). WeLab is the first and only financial services provider in Asia offering this program for purchasing Apple products. FORTRESS is the first retail partner to offer this unique program seamlessly through its extensive network of over 70 physical branches[2] as well as its online store in Hong Kong.

WeLab and Apple Authorized Resellers Launch “Subscribe+ for Apple Products”
WeLab and Apple Authorized Resellers Launch “Subscribe+ for Apple Products”

Key features of the Subscribe+ for Apple Products program:

  • Guaranteed trade-in option upon end of term
  • Deduct trade-in value in advance, making monthly payments as low as $58/ month[3] for a 10.2-inch iPad (64 GB storage), with no hidden fees and other upfront costs
  • Starting with 0% interest rate[4]
  • Customers can continue to enjoy low monthly payments in future device upgrades

"The launch of WeLab Pay is our innovative adaptation of the popular subscription model, powered by WeLab’s technology tailored for customer preferences. In Hong Kong, consumers always look for more transparent and better payment options that meet their spending needs. With the launch of Subscribe+ for Apple Products in Hong Kong, WeLab offers customers, particularly the new generation of — Gen Zers and Millennials — with a game-changing way of purchasing Apple products with more flexibility in spending. The most unique part of this program is the innovative mechanism – by first deducting the high trade-in value of Apple Products[5], before calculating the monthly payments, this delivers great value and making low monthly payments possible for customers. The trade-in value of the device can be carried forward for future Apple upgrades, effectively creating a perpetual discount to the device list price for so long as they remain customers of this program!" said Simon Loong, the Founder and Group CEO of WeLab.

"FORTRESS is committed to providing innovative O+O shopping experience to meet customers’ needs and stay up-to-date with their lifestyles and shopping behaviors. We are delighted to strengthen our partnership with WeLab, offering this first-to-market Subscribe+ for Apple Products program to our customers with a flexible and seamless integration of O+O shopping and payment experience. Customers can visit our FORTRESS stores and eShop to bring their favorite Apple products back home, school or office by signing up this plan to enjoy great convenience and payment flexibility. At the end of the plan period, customers can return their device to FORTRESS and renew with the latest models, or keep their device by paying the trade-in value," said Clarice Au, Managing Director of FORTRESS.

Signing up for the Subscribe+ for Apple Products online is quick and easy, through the WeLab Pay platform and will only take around 5 minutes at a point of sale. Customers can design their plans according to their needs and approved spending credit. For iPhone and Apple Watch, WeLab offers a subscription period of 24 months. For iPad and Mac, the subscription period is 36 months. At the end of the subscription period, customers can either renew the program and upgrade to a newer model by simply trading-in the device; keep their devices by paying off the trade-in value and the last monthly payment amount; or simply return their devices to the participating authorized Apple resellers with the trade-in value.

Please refer to the official website for more details and T&C’s – https://subscribe-plus-for-apple-products.welend.hk/en/.

About WeLab

WeLab, a leading fintech company in Asia, operates one of the first licensed digital banks in Asia – WeLab Bank, as well as multiple online financial services with leading positions in Hong Kong, Mainland China, and Indonesia, with close to 50 million individual users and over 700 enterprise customers. WeLab uses game-changing technology to help customers access credit, save money, and enjoy their financial journey.

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

WeLab operates in three markets under seven key brands, including WeLend, and WeLab Bank in Hong Kong, WeLab Digital, Taoxinji, Wallet Gugu, and Tianmian Tech in Mainland China and Maucash in Indonesia.

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

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

For media enquiries:

Communications Team
Email: pr@welab.co

[1] The official name of WeLab Pay platform is "WeLab Pay powered by WeLend".

[2] The "Subscribe+ for Apple Products" program will be rolled out across FORTRESS stores progressively, starting with 22 designated stores in the first phase.

[3] For purchase of a 10.2-inch (64GB storage) iPad with the retail price of HK$2,599.

[4] Actual monthly payment is subject to the interest that may be payable under the program depending on your credit score.

[5] Eligibility of trade-in and the trade-in value will vary depending on actual condition and the extent of damage to the device(s).

 

Related Links :

http://www.welab.co

PR Newswire

Paper.id Launches B2B Buy Now Pay Later – Geared to Help Indonesian SMEs Ramp Up, And Out, of COVID

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JAKARTA, Indonesia, Oct. 6, 2021 — Paper.id, Indonesia’s largest B2B invoicing startup with US $640million in invoices processed since the start of the year, announces the launch of Buy Now, Pay Later (BNPL) for small to medium businesses. For customers that opt-out of financing, Merchants can still take advantage of BNPL through a new feature called "Get Paid Faster" (GPF). These features will provide desperately needed financing to more than 200,000 SMEs in Indonesia. 

From left to right: Jeremy Limman (CEO & Co-Founder), Yosia Sugialam (CTO & Co-Founder) and Anthony Huang (COO)
From left to right: Jeremy Limman (CEO & Co-Founder), Yosia Sugialam (CTO & Co-Founder) and Anthony Huang (COO)

Paper.id is releasing these products to address a major pain point of SMEs coming out of COVID. Many SMEs had to constrict their business activities under COVID and are finding it hard to ramp up with new consumer demand without a source of capital financing.  Post-pandemic, payment liquidity to suppliers is currently at 75 days, 32% slower than pre-pandemic rates according to research by Atradius. This creates strain on cash flow across the supply chain. Due to cash flow constraints, an average of 1 or 2 retail businesses go out-of-business in Indonesia each day.

To facilitate underwriting, earlier this year, Paper.id brought in strategic investor Buana Sejahtera Group, who owns a group of companies in the finance, logistics, and hospitality sectors to expand Paper.id’s financing capabilities and tap into a more traditional supply chain. "We have invested in several companies especially in the fintech and payment space in Indonesia that we thought can synergize well with our group core business and other investments. We see Paper.id, with its unique offering of invoicing, payment, and fintech, as a startup that can not only digitize and unlock financing capabilities for our ecosystem, but also for other supply chain in Indonesia," said Simon Pratama, Director of Buana Sejahtera Group.

"Based on our own internal data, most SME B2B buyers only have the option of paying their suppliers through cash or bank transfer. We unlock more options for the buyer with a BNPL and digital payment options, including credit card, regardless if the supplier actually provides payment terms or not. The exciting news is this will be made available to all of Paper.id’s existing digital invoicing customers," said Yosia Sugialam, Co-founder of Paper.id. At launch, Paper.id has validated more than three thousand invoices for BNPL.

The product flow can begin from either the Supplier or a Buyer. If a supplier wants to utilize the Get Paid Faster product, it can start by invoicing its buyer through Paper.id invoicing platform. Then, the buyer can acknowledge that the invoice is correct and contain the right information such as the quantity, product information and price. Validated invoice by validated suppliers and buyers, can seamlessly get instant payment from Paper.id ahead of its supposed payment term with a small fee.

Similarly, from the Buyer side, the buyer can input a purchase invoice or payout request to pay their suppliers with the digital payment options, including credit card, provided by Paper.id, regardless of the fact that their Suppliers have such payment option or not. Should the buyer require a term extension, they can seamlessly opt into the BNPL payment method that Paper.id provides, then repay at a later date. Instead of paying at purchase, or even within 1 week, buyers can set a payment plan to extend payment by 30 days.

As the pandemic has further stabilized in Indonesia, the impact on SMEs in Indonesia still lingers, both positively and negatively. "The current state of the pandemic provides a unique opportunity for us to further help the SMEs back in business and bring more options for them to alleviate their cashflow crunch both operationally and financially. These two solutions have seen tremendous growth in the past few months," said Jeremy Limman, Paper.id Co-founder and CEO. Paper.id has provided more than USD 10 million supply chain based financing and claimed that digital payment volume has tripled after the introduction of these two products.

While the free invoicing and bookkeeping still continues to grow, Paper.id sees the accelerated growth and adoption through these digital financing and payment products complete the trifecta of B2B transactions: Invoice / Business Document, Payment, and Financing. "We have observed that a company that utilizes the financing, tends to use digital payment and invoicing as well. This becomes a positive feedback loop that keeps reinforcing itself, transforming and digitizing the whole supply chain," Yosia concurred. "We are excited to see this digitization momentum, and looking ahead to not only transform multiple supply chain across different segments, but also empower the suppliers and buyers with the payment and financing options that they need," Jeremy closes.   

About Paper.id

Paper.id is a full stack B2B Invoicing & Payment Platform that helps companies send, track and match documents, reconciling and opening digital payment options, and providing supply chain-based financing. Founded at the end of 2016, Paper.id can integrate with large enterprise’s existing ERP system through APIs, or become an end to end solution for SMEs, thus connecting and digitizing the whole supply chain. The past two years, Paper.id has processed more than USD 1 billion worth of invoices in its platform  

Media Contact

Arrayyan Firdaus (Community & Partnership Associate)
+62 896-4981-0015
array.firdaus@paper.id

 

PR Newswire

Prometheum Marks Major Milestone for Digital Asset Securities, Receives SEC approval to operate an “Alternative Trading System” for Digital Assets for Subsidiary “Prometheum ATS”

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Prometheum ATS is set to launch in Q4 2021, Bringing Digital Asset Securities Trading and Settlement to Accredited and Non-Accredited Investors

NEW YORK, Oct. 5, 2021 — Prometheum‘s broker-dealer subsidiary, Prometheum Ember ATS Inc. ("Prometheum ATS"), CRD # 311636, has received regulatory approval to operate its ATS, and offer accredited and non-accredited investors the ability to buy, sell and manage digital asset securities.

Prometheum ATS will integrate both traditional and blockchain technology for the trading of digital asset securities with on-chain custody and settlement provided by Anchorage Digital Bank.

Prometheum ATS offers a streamlined onboarding process by automating Know-Your-Customer (KYC) and Anti-Money Laundering (AML). Combined with a user-friendly interface, customizable charts, historical and Level 2 (depth of the book) data, Prometheum ATS will provide a complete trading experience for both retail investors and financial professionals. Importantly, Prometheum ATS seeks to ensure a fair and orderly market focusing on customer protection with advanced market surveillance and risk management systems.

"Our commitment to innovating within the US’ established regulatory framework has paid off," said Aaron Kaplan, Founder and Co-CEO of Prometheum. "We are thrilled Prometheum ATS was approved as an ATS, and very much look forward to its launch in the coming months."

About Prometheum

Founded in 2017 by a group of Wall Street attorneys, Prometheum is a blockchain-focused company which proposes to build an end-to-end ecosystem for the trading of digital asset securities.

Prometheum, Inc. Disclosure

No money or consideration is being solicited by the information in this or any other communication and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and no part of the purchase price can be received until the offering statement is qualified, and, if made, any such offer can be withdrawn before qualification of this offering by the SEC.

A potential investor’s indication of interest does not create an obligation or commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date. The offering, after qualification by the SEC, will be made only by means of the Offering Circular.

Any information on Prometheum.com or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction. You may obtain a copy of the Preliminary Offering Circular and the offering statement in which such Preliminary Offering Circular was filed with the SEC by https://www.sec.gov/cgi-bin/browse-edgar?company=Prometheum&owner=exclude&action=getcompany

About Anchorage Digital

Anchorage Digital is a regulated platform that provides institutions simple and secure participation in digital assets, all integrated with custody. As the first federally chartered crypto bank, Anchorage Digital Bank NA offers an advanced digital asset platform for institutional investors and is setting a new standard for security and usability. With secure custody at its core, Anchorage offers financial solutions for today and tomorrow. Learn more at anchorage.com and @Anchorage.

Press Contacts:

Prometheum: Jacqueline Silva
jacqueline@calibercorporate.com
917.880.2464

Anchorage Digital: Sam Shillet
anchorage@dittopr.co
718.865.6448

Logo – https://mma.prnasia.com/media2/1419136/Prometheum_Logo.jpg?p=medium600  

Related Links :

https://www.prometheum.com/

PR Newswire

CBDCs are Designed to be Very Stable; Majority of Central Banks Exploring CBDCs: IMF

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NEW DELHI and MUMBAI, India, Oct. 2, 2021 — "About 80-100 Central Banks around the world, including G20 nations, are exploring the Central Bank Digital Currency (CBDC) and are in some sort of pilot or testing stages," Tobias Adrian, Financial Counsellor and Director Monetary and Capital Markets Department, International Monetary Fund said at the Global FinTech Fest. The three-day Fest, which concluded on 30 September, was attended by over 26,000 delegates from 121 countries. Policymakers, technocrats, investors, founders, economists, bankers, participated in the Fest. The event was organised by National Payments Council of India (NPCI) and Fintech Convergence Councill (FCC) and Payments Council of India (PCI) of Internet and Mobile Association of India (IAMAI).

"CBDCs are designed to be very stable, stable in value, low transaction cost and backed by the Central Bank for added consumer confidence, very different from bitcoins which fluctuate in value and are more like an investment asset," Tobias Adrian said.

Central Banks around the world are rushing in to think about CBDCs as it is very appealing for Central Banks to go along with technological progress. Also, there could be a lot of innovations in Central Banks issued digital currencies, especially across payments, lending platforms.

"CBDCs could indeed be somewhat similar, not necessarily be, to bitcoin assets, could be based on blockchain technology, could be available in wallets. It depends on the design whether it is based on existing payment systems or using very powerful blockchain technologies," Tobias Adrian mentioned.

Meanwhile, he warned that cybersecurity could be a major challenge for CBDCs. "You need to make sure that the system is resilient against cyberattacks." It’s not the technology alone but the intersection of technology and human. Secondly, CBDCs might undermine existing banks so banks need to upgrade their technologies to compete. Finally, cellphones, not all today have cellphones for transacting CBDCs.

On expensive cross-border payments, Adrian envisioned that cross-border transfers would be a lot cheaper for small amount of payments. There are some wallet exchanges available that allow one to convert US dollar into rupee stable coin, with an implicit fee that is cheaper. However, there are a lot of discussions going on between Central Banks of various countries to make the cross-border payments cheaper.

Logo: https://techent.tv/wp-content/uploads/2021/10/cbdcs-are-designed-to-be-very-stable-majority-of-central-banks-exploring-cbdcs-imf.jpg