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PR Newswire

Huawei vows to enable digital ecosystem-based finance in APAC

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SINGAPORE, Aug. 3, 2021 — Huawei on July 29, 2021 held its first virtual Asia-Pacific Intelligent Finance Summit 2021, with the theme "Accelerate Digital Transformation in Banking, New Value Together". As economies across the Asia-Pacific region continue to recover and rebound, leading banks and financial institutions are accelerating digital transformation, seizing new digitalization opportunities to reinvent themselves for what the future holds.

This event attracted more than 1,300 financial industry customers, partners, industry experts and media across Asia-Pacific regions. Huawei is honored to invite financial industry core customers and partners like BDO Unibank, KASIKORN Business – Technology Group (KBTG), PwC and IDC to participate in the panel discussion and share their experiences on how they utilize technology to upgrade the industry and range of services on offer by constructing an ecosystem that is agile and intelligent, and ultimately transform themselves into digital-capable eco-enterprises.

During the panel discussion, most of the customers mentioned that they prioritized their investment budget in technology in 2020 and 2021 and it proved that the technologies capabilities brought good business return from the investment. From the investment, customers make sure the cloud technology would bring growth in post pandemic banking through digital and ecosystem banking. In addition, in this discussion, Mr. Jarung Kiatsuphapong, CIO of KASIKORN Business – Technology Group (KBTG), said that KBTG will prioritize technology investment budgets over the next two years. Technology has proven to bring good business returns on investment.

In Nicholas Ma’s, the President of Huawei Asia Pacific Enterprise Business Group opening speech, he thanked all customers and partners for their continuous support in these 10 years and future. He also mentioned that across the APAC region, Huawei has worked with over 300 leading digital ecosystem partners, to provide ICT services to over 100 financial customers. "With Huawei 6 scenario-specific solutions, including Financial Cloud, smart branch, Financial Ecosystem, Digital Core Banking, Smart Data Center, and smart Data Storage, we can help our customers make smart banking a reality and bring intelligence to finance," added in Nicholas Ma’s speech.

Huawei 6 scenario-specific solutions
Huawei 6 scenario-specific solutions

"Huawei has been working with the global financial industry for 10 years and has become an important partner in digital transformation for the industry. Huawei will continue to work with this industry to drive cloud-native computing to ensure financial institutions benefit from a modern and dynamic digital ecosystem that can be continually updated and developed, making use of the latest innovations. Huawei’s ethos is to help financial institutions grow into better digital ecosystem-based enterprises and develop fully connected, intelligent, and ecosystem-based finance together," Jason Cao, President of the Global Finance Business Unit of Huawei Enterprise Business Group, said in his speech.

In Eric Lin’s, CTO, Huawei Enterprise Asia Pacific Finance Account Department, presentation, he summarized that there are six important aspects for banks to focus on while designing a strategic plan of the digital transformation journey. Banks should focus on customers and partners, by enabling the digital core and data analytics capability to achieve Business Agility and Productivity. To respond to that, Eric introduced the six solutions Huawei has developed to facilitate the digital transformation from different perspectives, which are Smart Branch Solution for creating stunning customer experience for traditional customers who prefer interpersonal connection for banking service; Financial Ecosystem to create new business values for the banking customers especially for the underbanked or unbanked segment; Digital Core Banking System is the essential capability for banks to transform in two speeds, maintain the stability of the existing system, as well as publish the new banking services at FinTech speed; Financial Cloud Service, which offers banking customers a secure, fast and scalable cloud environment to try out the new solution with very minimum upfront investment; Smart Data Center including both SDN and DCI solution as well as modular Data Center, which allows customers to build the data center anywhere with lower cost; and intelligent Data Storage Solution with AI-enabled Data Management Service that is capable of managing the entire life cycle of data management to assure the banking critical services are running on the highly available and reliable platform.

For more information about Huawei Intelligent Finance Summit 2021, please visit: https://bit.ly/3BuKKSz

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 197,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people around the world.
Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will drive ubiquitous connectivity and promote equal access to networks; bring cloud and artificial intelligence to all four corners of the earth to provide superior computing power where you need it, when you need it; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; redefine user experience with AI, making it more personalized for people in all aspects of their life, whether they’re at home, in the office, or on the go. For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei 

https://twitter.com/HuaweiEntAPAC

https://www.facebook.com/HuaweiEnterpriseAPAC

http://www.youtube.com/Huawei

PR Newswire

Doo Financial’s First Display On Times Square Nasdaq Tower, Establishing A Fully Disclosed Brokerage Relationship With Interactive Brokers

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HONG KONG, July 30, 2021 — Doo Financial, an online broker affiliated with Doo Group, has recently established a fully disclosed brokerage relationship with Interactive Brokers, and celebrated with a debut on the Nasdaq in Times Square, New York.

Doo Financial has recently established a fully disclosed brokerage relationship with Interactive Brokers and celebrated with a debut on the Nasdaq in Times Square, New York.
Doo Financial has recently established a fully disclosed brokerage relationship with Interactive Brokers and celebrated with a debut on the Nasdaq in Times Square, New York.

With this relationship, Doo Financial will be facilitating the development and localization of Interactive Brokers’ steadfast trading services in China, while Interactive Brokers provides reliable fundamental services to Doo Financial.

Doo Financial, The New Online Broker  

This fully-disclosed brokerage relationship with Interactive Brokers LLC is established by Doo Financial and Peter Elish Investments Securities, a subsidiary of the group based in the US. 

Doo Financial aims to provide professional investors with brokerage services in trading global securities, futures, CFDs, and many other financial products.

With leading financial technology and integrated service advantages, Doo Financial has achieved full efficiency in executing online account opening, deposit, and withdrawal, as well as trades.

Meanwhile, Peter Elish Investments Securities is 30 years old American securities firm wholly-owned by Doo Financial and is regulated by the US Securities and Exchange Commission (SEC) and the US Financial Industry Regulatory Authority (FINRA).

Such achievements enable Doo Financial to provide global investors with a convenient and reliable investment experience, unlocking a window of global financial assets.

By virtue of the fundamental support of Interactive Brokers, Doo Financials’ clients can seize global market opportunities by depositing their assets in Interactive Brokers’ dedicated custodial account, to trade in the US stock market and enjoy a wider selection of financial products.

For more information regarding the relationship, readers can view it here.

Doo Group’s Global Securities Business Map Is Taking Shape

Since its establishment in 2014, Doo Group has been dedicated to providing new trading brokerage services for financial products such as securities, futures, and CFDs to individual and institutional clients around the world, deeply involving fintech as well as innovation, and continuously expanding the global securities market.

This relationship with Interactive Brokers marks an important chapter of Doo Group’s global securities business layout and it is a key step taken by Doo Financial towards the international financial markets.

In the future, Doo Group will continue to strive with its affiliates including Doo Clearing, Doo Financial, Doo Prime, and Doo Tech to become a leading global online broker with fintech at its core.

 

 

PR Newswire

Kasisto Announces Series C Funding to Fuel Rapid Growth, Powering the Financial Services Industry with Cutting Edge Conversational AI Technology

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$15.5 Million Round Co-Led by Naples Technology Ventures and NCR Corporation

NEW YORK, July 28, 2021 — Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, today announced the close of its $15.5 million Series C funding round. The round was co-led by new investors Naples Technology Vendors (NTV) and NCR Corporation with continued participation from Kasisto’s current investors, bringing the company’s total funding to date to $67 million by its industry leading group of investors.

The global conversational AI market is expected to grow from $4.2 billion to $15.7 billion by 2024* with a compound annual growth rate (CAGR) of 30.2%. The financial services industry is one of the leading sectors driving the adoption of conversational AI, with a growing demand from banking customers for frictionless, intelligent, and hyper-personalized digital experiences. The Intelligent Digital Assistant has emerged as the cornerstone of the digital banking experience, with Kasisto and its conversational AI powered platform, KAI, delivering the cognitive banking experience to more financial institutions than any other conversation AI vendor in the sector.

"The intelligent digital assistant has quickly become the centerpiece of the digital servicing and engagement strategy across the financial services industry. With KAI consistently delivering 85% containment rates, 50% reduction in customer service costs and 400% increase in digital engagement Kasisto is leading the charge to reshape this crucially important digital banking experience," said Zor Gorelov, CEO, Kasisto. "We are extremely appreciative of the support and confidence of our investors, customers and partners who continue to believe in  Kasisto’s vision. Most importantly, I want to share my deep gratitude to all Kasisto staff who have made our journey possible, and through their hard work, creativity and dedication we have found our way to this important moment in our company’s history." 

As the financial services industry is quickly making the digital experience its top priority, this funding enables Kasisto to accelerate its growth, with investments in sales, business development, marketing, strategy, and customer success functions. Naples Technology Ventures will contribute its expertise and deep knowledge of the financial services industry to help Kasisto meet the demands of its rapidly growing market. NCR Corporation, which is also a Kasisto strategic business partner, will continue to distribute KAI to its digital banking customers while helping Kasisto to develop a broader product portfolio and partner ecosystem.

"We are committed to a digital first strategy for banking that delivers innovation and amazing customer experience throughout their entire journey across all channels," said Michael D. Hayford, president and chief executive officer, NCR Corporation. "Our investment in and partnership with Kasisto provides us an opportunity to personalize experiences leveraging their AI capabilities to deliver differentiated value for our clients."

"NTV focuses on SaaS companies that are effectively leveraging advanced technologies such as AI to solve critical business problems. It was clear to the NTV team from the start that Kasisto fit this profile, but at the same we recognized how Kasisto is helping to reshape the digital experience across the financial services industry which is driving previously unimaginable outcomes across their client base. We are excited to join the Kasisto team and make this important investment." said Mike Abbaei, Co-Founder & Managing Partner, Naples Technology Ventures.

Mike Abbaei will be joining the Kasisto board and will work closely with other board members as Kasisto accelerates its rapid growth across the financial services industry.

To learn more about this important announcement and understand how Kasisto is helping to reshape the digital engagement strategy of financial institutions of all sizes, across the industry, and across the globe, read Zor’s blog at: https://kasisto.com/blog/

About Kasisto

KAI is the leading digital experience platform for the financial services industry. Kasisto’s customers include J.P. Morgan, Westpac, Standard Chartered, TD, Manulife Bank, and credit unions such as Fairwinds and Excite – and many more. These financial institutions chose KAI for its proven track record to drive business results while improving customer experiences. The platform is engaging with millions of consumers around the world, all the time, across multiple channels, in different languages, and is optimized for performance, scalability, security, and compliance. KAI is built with the deepest Conversational AI portfolio in the industry. Kasisto is headquartered in New York City, with offices in Silicon Valley and Singapore. Kasisto Singapore Pte Ltd is a wholly-owned subsidiary of Kasisto. For more information visit kasisto.com. Follow Kasisto on Twitter, LinkedIn and Facebook.

About Naples Technology Ventures

Naples Technology Ventures is a Venture Capital Firm that invests in early-stage technology and services companies. NTV looks for companies that show strong value-add and demonstrate being in emergent and/or expanding markets with both Software-As-A Service (SaaS) and/or a Services-based model. For additional information, visit www.naplestechnologyventures.comor email us at contact@naplestechnologyventures.com

* Source: Markets and Markets

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Shop Anywhere with “Single-Pay” and “3-Pay” Using New Paidy App

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TOKYO, July 27, 2021 —

-Complete Entire Purchase within App, from Discovery to Payment for Smooth Shopping Experience-

Paidy Inc., Japan’s leading "Buy Now, Pay Later" provider, has announced the release of its new app that allows consumers to browse and discover the items they want across thousands of online merchants and use Paidy’s "Single-Pay" or "3-Pay" service to pay for their purchases.

Logo: https://kyodonewsprwire.jp/img/202107207927-O1-7b0W7KEn

Image: https://kyodonewsprwire.jp/prwfile/release/M106563/202107207927/_prw_PI2fl_1Z2Efa3d.jpg

With the new Paidy app, consumers can choose Paidy as their payment method at all online merchants that accept Visa. They can choose to pay next month, or in three interest-free(*1), monthly installments with 3-Pay. A "Shop & Discovery" feature has been built into the app, which allows consumers to browse stores and search for items. Consumers can also select categories they are interested in for suggestions of merchants and items that best suit their interests. By saving their favorite items in the "wishlist," consumers can set up their own, personalized shopping plan. The entire shopping experience, from discovery to purchase, is completed entirely within the Paidy app.

The expansion of merchants that accept Paidy has been achieved through partnerships with Visa and Orico.

With the mission to "Take the hassle out of shopping," Paidy aims to create an environment where everyone can shop wisely and enjoyably. Benefits such as the simple user experience, convenience of next-month single-pay or 3-pay payment, and the ability to manage their money wisely with their smartphone have attracted many consumers, with the number of accounts currently exceeding six million(*2). Paidy can be used at more than 700,000 online merchants, including Amazon and Qoo10, and with the launch of the Paidy Link service in April 2021, it is now possible to shop for the goods that they love at PayPal’s 31 million merchants around the world, all via PayPal checkout. The Paidy Plus for Apple, which launched in June and can be used to make purchases at Apple Retail Stores and the Apple Online Store, has also been well received. The revamping of its app symbolizes Paidy’s bid to go beyond a mere payment service to become the "shopping platform" that customers cannot do without. Mobile shopping is fast becoming standard, with close to 70% of online shoppers mainly using their mobile phone or smartphone to access online shopping services(*3). Paidy offers those consumers a more enjoyable and convenient shopping experience.

Russell Cummer, Founder and Executive Chairman of Paidy Inc., commented: "With the release of the new app, customers will be able to shop anywhere with Paidy. As well as paying for their purchases, they can enjoy the shopping experience itself from within the Paidy app. We believe that enjoyable shopping through Paidy’s super simple customer experience and the wise, comfortable choice of interest-free 3-pay payment will become the de facto standard for online shopping in Japan. Customers can look forward to even better things from Paidy as an innovator in E-commerce."

Paidy will continue to update the shopping experience for its customers through the provision of innovative services.

Notes:

(*1) Interest-free installment payment is available only with account transfers or bank transfers.

(*2) including Taiwan business

(*3) From Hakuhodo Institute of Life & Living’s Chronological Lifestyle Survey (2020). Percentage of respondents who answered "mainly cellphone or smartphone" to the question, "What device do you use to access (online shopping) services? (if you use the service)"

*Amazon is a registered trademark of Amazon.com, Inc. and its affiliates.

PR Newswire

Citi Commercial Bank Digitizes Account Opening for New Clients

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With the launch of a digital Gateway portal in four markets, Citi Commercial Bank (CCB) has opened over 750 accounts digitally for new clients

Through Gateway and CitiDirect BE® Digital Onboarding – Citi’s digital account opening solution for existing clients – CCB accounts can be opened in as quickly as three days

SINGAPORE, July 21, 2021 — Citi Commercial Bank (CCB), Citi’s business which serves emerging corporate clients with revenues of up to US$1 billion annually, has introduced digital account opening for new clients in Australia, Hong Kong, India and Singapore. Through its new Commercial Bank Gateway Portal, CCB has opened over 750 accounts digitally for new-to-bank clients in these markets.

The launch of Gateway complements the bank’s CitiDirect BE® Digital Onboarding solution, which supports digital account opening for existing clients and is available to clients across 10 markets in the region. Through Gateway and CitiDirect BE® Digital Onboarding, close to 70% of CCB’s total account opening volumes in Asia Pacific are now achieved through digital channels. Accounts can be opened digitally in as quickly as three days.

For new clients, the web-based Gateway portal replaces paper-based documentation, eliminates the need for repetitive data entry and enables new clients to digitally complete their Know Your Customer (KYC) requirements. Electronic signatures are also used to facilitate the execution of documents digitally. In addition to digital account opening, Gateway will be further built out to support lending and portfolio management services.

Clients will be able to initiate loan requests and complete credit inquiry forms through the portal which will also push real-time status updates throughout the loan fulfillment process. Supporting client operations, the portal will also serve as a platform through which clients can upload and supply information to Citi and periodically review their existing positions with the bank.

Ankit Parasher, Director of SALT, a Citi client and a provider of cross-border trade banking and payment solutions, said, "The onboarding process using Gateway was intuitive and remarkably simple. Being able to easily download contract documents and then upload signed documents was a game-changer. As we continue to partner Citi for our banking needs, this will make it much easier for us to manage accounts across multiple countries."

"Having a robust digital-first strategy is the only way that we can serve our clients with agility and speed on the back of the ongoing pandemic. Through the launch of Gateway, clients now can be onboarded anytime, anywhere, at their convenience, enabling us to seamlessly support their operational needs in this fast-changing environment. Looking ahead, Citi Commercial Bank is committed to continue investing in digital solutions and capabilities to elevate the experience of our clients from end-to-end," said Lin Hsiu-Yi, ASEAN Head of Citi Commercial Bank.

Last year, CCB piloted an AI-enabled credit underwriting tool, AI. Sight, to support credit processes and review. The tool, which has shortened CCB’s credit review and approval process, enables the business to prioritize yet streamline due diligence efforts while mitigating new credit portfolio risks that have emerged out of the pandemic.  

Using Optical Character Recognition (OCR) and machine learning models, the tool auto-scans credit documents, including bank statements, and is able to flag irregularities and abnormal loan utilization. Based on the data, it can identify trends and compute relevant metrics required to make credit approval decisions.

Since it was first piloted in Hong Kong, AI. Sight has been launched in India and with plans for Mainland China next.

Citi Commercial Bank Asia Pacific operates in 11 markets in Asia Pacific and contributes around a third of the bank’s global commercial banking revenues. In the first quarter of the year, the business recorded a double-digit increase in year-on-year revenue, buoyed by ongoing client activity. 

About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

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AGM Group Holdings Inc. Appoints Chenjun Li as Co-Chief Executive Officer

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BEIJING, July 17, 2021 — AGM Group Holdings Inc. ("AGMH" or the "Company") (NASDAQ: AGMH), a software company providing fintech software, and trading education software and website service, today announced that Mr. Chenjun Li has been appointed Co-Chief Executive Officer, effective July 12, 2021.

Mr. Li has more than 10 years of experience in credit card and credit card related systems, and 8 years of experience in blockchain-oriented ASIC and other blockchain application technologies. Most recently, Mr. Li was the Chief Technology Officer at Shenzhen HighSharp Electronics Ltd., leading the R&D of SMIC and TSMC high-performance ASIC, and the entire solutions of ASIC development. Previously, he worked at Shanghai Huateng Software System Co., Ltd. and Tonglian Payment Network Service Co., and earned his bachelor’s degree in computer science and technology from Tongji University.

Mr. Li has extensive experience in FinTech and high-performance ASIC fields. He will focus on leading the Company to develop new business lines including the development and sales of blockchain-oriented ASIC, sales of next-generation data center equipment, and providing services for its supply chain services. The Company believes that with Mr. Li’s leadership, it will gradually implement its growth strategy in getting into the chip industry and by launching its branded ASIC solution to become a key player in the market.

About AGM Group Holdings Inc.

Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. is a software company, currently providing fintech software, and trading education software and website service. For more information, please visit www.agmprime.com.

Forward Looking Statements

This news 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, and as defined in 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" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.

For more information, please contact:

At the Company:
Email: ir@agmprime.com

Investor Relations:
Sherry Zheng 
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1-718-213-7386

PR Newswire

HICOOL 2021 Global Entrepreneurship Competition (Preliminary Round) is Launched in Full Swing on July 10th

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BEIJING, July 11, 2021 — On July 10th, HICOOL 2021 Global Entrepreneurship Competition (Qualifying Round) is launched in full swing. A total of 1,237 startups shortlisted for the preliminary round compete off-line in Beijing and online in a global context in six major industries: New Generation Information Technology, Cultural Creativity, Medicine and Health, High-end Equipment, Artificial Intelligence/Fintech as well as New Energy/New Materials/Energy Saving and Environmental Protection.

As the most popular international entrepreneurship event this year, HICOOL 2021 Global Entrepreneurship Competition, with the theme of "Connect Startups Worldwide, Innovate Beijing Together", is hosted by Beijing Overseas Talents Association (BOTA). A total of 4,018 startups were received from 84 countries and regions around the world during the enrollment period. Upon online preliminary evaluation, a total of 1,237 startups have been successfully shortlisted for the preliminary round.

The Preliminary Round Kicks off with the "7+3" Roadshow

The preliminary round of the HICOOL 2021 Global Entrepreneurship Competition is organized in the mode of a "7+3" roadshow. The candidates fully demonstrate the characteristics of their respective entrepreneurial projects through a 7-minute brilliant presentation and elaboration. The judging mentors take 3 minutes to raise questions and comment on the candidates in terms of project background, operation status, development prospect, technical advantages, etc. The candidates are given the space and stage to showcase themselves through the comprehensive assessment and screening of startups so as to identify high-quality entrepreneurial projects.

Based on the official data from the Competition, among the over 1,000 startups qualified for the preliminary round, 281 are new generation information technology startups, 220 are medical and health startups, 200 are artificial intelligence/fintech startups, 204 are new energy/new materials/energy conservation and environmental protection startups, 238 are cultural creativity startups, and 94 are high-end equipment startups.

In terms of regional distribution, there are 715 overseas startups qualified for the preliminary round, accounting for 57.8%, while there are 522 domestic startups, accounting for 42.2%. Among them, 975 startups are from Asia Pacific, 133 startups are from Europe, 105 startups are from America, 14 startups are from Oceania and 10 startups are from Africa.

In terms of startup stages, 829 startups qualified for the preliminary round are in the maker stage, accounting for 67.02%; 408 startups in the growth stage, accounting for 32.98%. Among them, there are 577 overseas maker stage startups and 138 overseas growth stage startups; 252 domestic maker stage startups and 270 domestic growth stage startups.

The Competition provides overall process resource supports. To provide more entrepreneurial resources for the competing projects, the HICOOL All-in-One Solution Startup Ecosystem is made available to all competing projects free of charge throughout the competition period, including policy research, demand matching, business counseling, talent salon, venture capital matchmaking, government and corporate seminars, etc., providing comprehensive resource support for the candidates.

Gather Talents by Competition to Create Innovation and Entrepreneurship Ecosystem

The "HICOOL Global Entrepreneur Summit and Entrepreneurship Competition" is a comprehensive international talent event focusing on entrepreneurship competitions at home and abroad. According to the information released by the Organizing Committee of the Competition, the preliminary round of HICOOL 2021 Global Entrepreneurship Competition covers over 20 offline and online events in Shunyi District, with a total coverage of more than 1,000 startups. To attract global entrepreneurial talents to Beijing for development, grasp the major opportunities of construction of the "Two Districts", promote the construction of international talent communities, create an innovation and entrepreneurship ecosystem, and assist in the construction of Beijing International Science and Technology Innovation Center, HICOOL and the Shunyi District Government are jointly exploring a series of implementation policy support, including enterprise rent subsidies, SME plant renovation, equipment renewal subsidies, science and technology research and development and results transformation incentives, national high-tech enterprise incentives and other multi-dimensional, multi-disciplinary and multi-level policies and privileges.

The Competition focuses on the industrial layout of the 14th Five-Year Plan of Beijing, highlights the global innovation and entrepreneurship trends and links the top elements of global science and technology innovation, serves the innovation and entrepreneurship at home and abroad, empowers the emerging power of Beijing and makes contribution to the future of science and technology.

For more information, please visit HICOOL.

Media Contact: fuguiping@hicool.com

PR Newswire

Telcoin raises US$10M, launches next generation of fintech platform

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Pre-series A round marks a major milestone as Telcoin brings DeFi to its digital remittance service

LOS ANGELES, July 2, 2021 — Telcoin, a fintech operating at the intersection of decentralized finance and telecommunications, has closed US$10 million in pre-series A equity financing to fulfill their mission of bringing fast and affordable, user-owned financial products and services to every mobile phone user in the world.

"This round is a major milestone for a blockchain company founded in 2017," said Paul Neuner, Telcoin founder and CEO. "It’s also proof that people everywhere are tired of overpaying for basic financial services like remittance, and that they are ready to migrate to an alternate, decentralized platform like Telcoin."

The fundraising round coincides with the reveal of "Telcoin V3," which introduces the full Telcoin Platform stack and two new user-owned DeFi products. The fresh capital will be used to launch and promote V3 services, while also enabling the company to reach a headcount that is conducive to meeting the demands of a global rollout.

V3 of the Telcoin Platform stack encompasses three complementary layers: The Telcoin

Application, TELx, and Rivendell. The Telcoin Application, available on iOS and Android, was updated earlier this year to support fiat remittances. The next generation of the Telcoin Application will launch on the Polygon Network with a wide variety of new features and two new products powered by active Telcoin users on DeFi protocols or TELx.

TELx, revealed today, is the decentralized liquidity network of the Telcoin platform. TELx serves as the engine that powers Telcoin’s suite of non-custodial financial products, two of which are being unveiled alongside it:

  • Send Money Smarter (SMS) Network is a user-owned, decentralized international money transfer platform disrupting the US$700 billion remittance industry. SMS decentralizes foreign exchange to active Telcoin users on DeFi protocols, enabling remittance senders to capture fees now exclusively awarded to legacy financial institutions, at a fraction of the cost, with instant global settlement near mid market prices.
  • TELxchange is a user-owned, decentralized digital asset exchange network that uses TEL as the reserve asset and medium of exchange. TELxchange decentralizes token exchange to active Telcoin users on DeFi protocols, enabling users to swap, directly from their bank account, between TEL and TELx ecosystem assets while capturing a portion of trading fees now exclusively awarded to centralized exchanges – without giving up custody of their assets.

SMS and TELxchange launch today, with TEL issuance flowing to TELx market participants on a network of liquidity pools across Quickswap and DFX (Polygon) from next week. Head over to TELx to learn more.

Rivendell, released today, is an open Ethereum sidechain run, validated, and secured by MNOs. Rivendell enables mobile networks to provide blockchain-based, non-custodial financial services to their subscribers – without needing to be a bank or custody funds. Rivendell is designed to operate at a fraction of the cost of the legacy system, while enabling telecoms to leverage their existing network and fraud infrastructure to power the system.

Follow Telcoin for more information and to be the first to hear updates about additional remittance corridors and the upcoming V3 launch.

TELx:

telx.network

Rivendell:

rivendell.network

Twitter:

@telcoin_team

Telegram:

t.me/telcoincommunity

Contact:

press@telco.in

 

Related Links :

http://www.telco.in

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Qatar FinTech Hub, a QDB Incubator, Hosts Demo Day for Wave 2 of its Incubator and Accelerator Programs

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Innovative and leading FinTechs from across the globe to showcase their solutions on 1st July

DOHA, Qatar, June 30, 2021 — Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB) to support the growth of the FinTech industry in Qatar, has announced the Demo Day for Wave 2 of its flagship Incubator and Accelerator Programs which will take place on 1st July 2021, virtually.

QFTH Demo Day for Wave 2, sponsored by Doha Bank, will be one of the major FinTech events in the region hosting key players from the local financial services ecosystem, as well as investors, global startups, international FinTech hubs, aspiring entrepreneurs and FinTech enthusiasts.

Under the theme, ‘Emerging Technologies’, the program has received tremendous traction during Wave 2 with over 550 applications from more than 55 countries and regions across the globe including USA, India, Singapore, Nigeria, Russia, Hong Kong, UK, Turkey, and Qatar. 11 early-stage startups and 11 mature FinTechs were selected from the application pool. The selected FinTechs for the Incubator programme are Snoonu Trading and Services, Karty, Cammillion, ePaysa, Digitalistic, Akillifon, CHANGE COM, Kwidex, Nu Credits, Bondsmart and Finstant. The selected FinTechs for the Accelerator programme are Prive T, Active.AI, Finchat, eBaoTech, SafexPay, Twyla Technology, FinChatBot, Cargon, Invest Suite, Elite Capital and Revix. The selected FinTechs covered a variety of technology solutions such as AI, ML, Blockchain, RPA, NFC, NLP, and OCR, and are well on their way to launch a host of new and empowering services to accelerate the digital transformation of global markets.

Throughout the program, participants took part in more than 350 business development sessions with 15 financial institutions and completed a series of Masterclasses and FinTech Bootcamps conducted by QFTH partners and renowned speakers from across the world.

Mr. Abdulaziz Bin Nasser Al Khalifa, CEO of QDB and Chairman of QFTH Taskforce, said: "Through our specialized incubators, we aim to develop FinTechs as well as support entrepreneurs and innovators to make an impact within the domain, both regionally and globally. The QFTH Incubator and Accelerator Programs continue to attract entrepreneurs from around the world, building upon the robust Qatari financial sector, and powered by the support of our partners who play a major role in their success."

"I look forward to welcoming the international community to our second virtual Demo Day to get a closer look at the graduates of Wave 2 of our Programs and the dynamics of the Qatari Fintech scene. I am confident this new Wave will help us build solid pillars for a knowledge-based economy in Qatar" Mr. Abdulaziz concluded.

Dr. R. Seetharaman, CEO of Doha Bank, said: "Over the recent few years, FinTech has become a catalyst for financial innovation. Banks in Qatar are keen on leveraging the fast-developing FinTech ecosystem. Doha Bank is also keen to explore FinTech collaborations to build customer centric value propositions. The next wave of FinTech innovation is exciting and looks to be a win-win for all stakeholders. Doha Bank is proud to sponsor QFTH’s second demo day of its Incubator and Accelerator programs. We are pleased to invite all players in the ecosystem to join us on 1st July to hear from the FinTechs who completed the program."

QFTH is also currently gearing up for the Wave 3 of its Incubator and Accelerator Programs which will focus on ‘Embedded Finance and TechFin’. Applications are now open for the programs that will run from October to December 2021. FinTechs with innovative solutions can visit QFTH website (fintech.qa) to get more details and to apply until end of July 2021. All applications undergo a thorough evaluation process, where shortlisted candidates will be invited to present their solutions in front of a jury panel comprised of key stakeholders from Qatar’s financial services ecosystem.

QFTH was established by QDB in line with the Qatar National Vision 2030, and Qatar Central Bank’s (QCB) FinTech Strategy to build on Qatar’s success in the financial sector and enhance the country’s role in the field of financial innovation. The second wave of the Incubator and Accelerator Programs focused on a variety of financial technology solutions in alignment with the Qatar FinTech Strategy, and in synergy with QCB – Sandbox.

As part of its commitment to offering world-class expertise to participating FinTechs, QFTH is continuously collaborating with strategic stakeholders within the FinTech ecosystem including financial institutions, technology providers, payment networks, global FinTech hubs, academia, and regulators. Microsoft is participating as the program technology partner. Other recent partnerships include Amazon, Progress Soft, Vodafone, and Global Positioning System to name a few.

QFTH Demo Day will be held on July 1, 2021, at 12:00 PM Qatar time. To register for the event, visit: https://qdb-qa.zoom.us/meeting/register/tJAldO-trzwoHtDcZZTAmN4TFhx1GQBbgl-U.

For more information about QFTH, visit www.fintech.qa

Contact: Ghina Chaaban, PR Manager, Qanect ghina.chaaban@qanect.com, +96176977199

PDF –  https://mma.prnewswire.com/media/1555112/Qatar_FinTech_Hub_factsheet.pdf
Logo – https://techent.tv/wp-content/uploads/2021/06/qatar-fintech-hub-a-qdb-incubator-hosts-demo-day-for-wave-2-of-its-incubator-and-accelerator-programs.jpg

 

 

 

 

PR Newswire

Mobileum Inc. Acquires Niometrics

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Acquisition expands Mobileum’s deep network analytics and customer intelligence portfolio for 5G and next generation networks

CUPERTINO, Calif., June 29, 2021 — Mobileum Inc. ("Mobileum"), a leading global provider of analytics solutions for roaming and network services, security, risk management, and testing and monitoring solutions, is pleased to announce that it has acquired Niometrics, a provider of deep network analytics. The acquisition expands Mobileum’s actionable analytics platform with customer discovery, engagement, and experience capabilities, enabling Communications Service Providers ("CSPs") to identify new revenue streams and to improve customer experience across the entire customer lifecycle.

Mobileum’s Active Intelligence platform is a leading telecom-focused analytics technology that supports roaming, network services, security, risk management, and testing.

The acquisition of Niometrics will enrich Mobileum’s existing solutions with deep network analytics and applied Machine Learning, while expanding its portfolio with customer intelligence solutions. Mobileum’s expanded platform will provide deeper network insights, a 360-degree customer view, and enhanced data privacy control, to accelerate growth and improve customer retention. The two companies have already won contracts together and have experience integrating their products to solve high-impact customer use cases.

"The addition of Niometrics to Mobileum’s portfolio further reinforces our strategy to provide telecom operators an end-to-end analytics engine that not only strengthens their network and interconnection and assures their business, but that also provides them with the network intelligence required to grow revenues and improve customer experience as they rollout 5G and evolve their business. Niometrics’ proven technology and respected team of industry experts make this acquisition a perfect fit to accelerate Mobileum’s growth strategy," commented Bobby Srinivasan, CEO of Mobileum.

"Communications service providers have unrivaled direct access to customer preferences, data consumption and loyalty trends. With the analytical horsepower to leverage these data points, CSPs can now take these insights to segment their marketing and sales, personalize end-user engagement, build new digital partnerships, and monetize data – while coping with all the privacy and data protections in place. By combining our product portfolios, we will be able to provide CSPs unique insights at every customer touchpoint and make sure that they are able to consistently exceed customer experience and service performance expectations," commented Kostas Anagnostakis, CEO of Niometrics.

The Niometrics’ Deep Network Analytics platform ("DNA"), which includes real-time data analytics, advanced AI and machine learning algorithms, and Deep Packet Inspection ("DPI") capabilities, will now become part of Mobileum’s Active Intelligence platform. Active Intelligence will provide the critical insights that carriers need for network operations, roaming, business assurance, testing, service assurance and customer engagement.

Based in Singapore, Niometrics’ 150+ employees will join Mobileum, strengthening Mobileum’s global team of more than 1,800 employees, and growing its engineering hub in Asia. This acquisition will further expand the capacity to serve Mobileum’s more than 900 telecom customers. After closing this acquisition, 9 out of 10 telecom operators will rely on Mobileum solutions.

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $27 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $6 billion in more than 135 platforms and over 950 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 250 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Private Equity website: http://www.audaxprivateequity.com or follow us on LinkedIn.

About Niometrics

Niometrics is a network analytics company that provides solutions for Communications Service Providers (CSPs) to develop strategies and decisions for new digital businesses, customer experience management, and network planning and optimization.

Analyzing a combined base of over 500 million subscribers who consume and exchange over 60 PB of data daily, Niometrics’ proprietary, full-stack Deep Network Analytics (DNA) technology extracts, processes, and transforms in real time complex network data into insights, enabling CSPs to take better and more timely actions to drive higher business ROIs.

Niometrics partners with some of the largest telecommunications providers in the world. Based in Singapore, the company has operations and R&D hubs across Asia-Pacific, Europe and the Middle East.

Visit www.niometrics.com to learn more.

About Mobileum Inc.

Mobileum is a leading provider of Telecom analytics for roaming, network services, security, risk management and domestic and international connectivity testing. More than 900 operators rely on its Active Intelligence platform, which provides advanced analytics based solutions, enabling customers to connect operational intelligence with real-time actions that increase revenue, improve customer experience and reduce costs. Headquartered in Silicon Valley, Mobileum has global offices in Dubai, Germany, India, Portugal, Singapore and UK.

Learn more in www.mobileum.com and follow @MobileumInc on Twitter.

Related Links :

https://www.mobileum.com