Tag Archives: FNT

AMTD Announced Strategic Acquisition of Nexia TS, Calvin Choi became the non-executive Chairman of Nexia TS

HONG KONG, Feb. 2, 2021 — AMTD teams up with Nexia TS to create a Pan-Asian Digital Professional Services Platform headquartered in Singapore and develop Singapore’s professional talents with a hiring plan of additional 100 local staff, especially mid-career Singaporeans, with at least 60% women in the next twelve months.

AMTD Group, a leading comprehensive financial service conglomerate in Asia, announced today that it will officially set up a new business arm – AMTD Services Group ("AMTD Services"), which represents a new add-on to the AMTD’s IDEA strategy ("AMTD IDEAs"), including AMTD International (HKIB:NYSE; HKB:SGX), AMTD Digital, AMTD Education and AMTD Assets. AMTD Services today announced its acquisition of a controlling stake in the non-assurance business of Nexia TS Group (‘Nexia TS’), a Singapore Top 10-ranked homegrown accounting and consulting firm, and an independent member firm of Nexia International network. Calvin Choi, Chairman and CEO of AMTD Group, will also become the non-executive Chairman of the overall Nexia TS Group.

This is AMTD’s fourth controlling stake acquisition in Singapore following the acquisitions of PolicyPal, Singapore’s leading InsurTech company and the first graduate from Monetary Authority of Singapore’s FinTech Sandbox; FOMO Pay, the one-stop QR code and digital payment solutions provider in Southeast Asia; and CapBridge, Singapore’s first regulated securities exchange for digital assets and private companies and Singapore’s leading integrated private market ecosystem platform.

After the acquisition, Nexia TS will be a core subsidiary member within the AMTD Group. It will become the pivotal platform under AMTD Services, AMTD’s digital professional services arm to serve Asian SMEs. This is part of AMTD’s endeavour to build a comprehensive digital solutions platform for Asian SMEs with capabilities in digital finance, digital community and ecosystem connect, supply chain solutions and digital professional services. Last month, AMTD signed a strategic collaboration agreement with GlobalLinker, a key participant in the Business-Sans-Borders initiative to jointly build a digital community and digital tool portal for Asian SMEs.

Nexia TS provides a wide range of services including tax compliance & advisory, IPO services, risk advisory, business valuation, M&A advisory and due diligence services, forensic advisory etc. In order to help Asian companies accelerate their digitalization and better serve SMEs, Nexia TS has various digital platforms which include cloud accounting, payroll and data analytics together with cybersecurity, data protection, blockchain advisory services and virtual collaboration tools in response to the growing market needs. On an overall basis, Nexia TS Group has served over 90 listed companies and assisted 38 IPO listings. Nexia TS embraces diversity and women leadership with over 40% of its directors being women.

Calvin Choi, Chairman and CEO of AMTD Group, commented, "High quality professional services with local know-how and in-depth insights, enriched by solid understanding into local dynamics and culture are key to the success and sustainability of SMEs. Nexia TS’s comprehensive range of solutions provide businesses with smart tools to improve internal processes and controls and increase productivity.

Women leadership and diversity are also part of AMTD’s strategy and core values. We welcome Nexia TS, Henry and his team to join the AMTD family to strengthen our digital offerings and provide a true one-stop user journey to SMEs. We strive to help accelerate the digitalisation of SMEs in Singapore and beyond, and serve their different needs across their lifecycles through a Pan Asian Digital Professional Services Group. Most importantly, through Nexia TS Group, we are committed to contributing to and developing Singapore into a professional services talent hub with a local hiring plan of over 100 local staff in the next 12 months with a particular focus into women talents to comprise at least 60% of the hiring."

Henry Tan, Group CEO and co-founder of Nexia TS, added, "We are excited to be on this journey with AMTD to further develop our 3Ps growth strategy – Prepare, Position and Progress. This pandemic is a catalyst of digital acceleration for businesses to thrive in a crisis. With our expertise and knowledge in the professional services arena, I am confident that we can add value to the AMTD SpiderNet ecosystem and assist SMEs in their digitalization roadmap while embracing capabilities and network of the AMTD family. Given that AMTD has comprehensive investment banking capabilities in Singapore, Hong Kong, and the U.S. markets, the synergies are mutual and will be well-complemented with our IPO and M&A experience in the region".

Patrick Tay, Assistant Secretary-Generals of the National Trades Union Congress, added, "I am glad to see AMTD teaming up with Nexia TS to create a Pan-Asian Digital Platform headquartered in Singapore to provide comprehensive professional and financial related services. In particular, I am elated to hear of the organisation’s focus and efforts to develop Singaporean talents and its commitment to hire an additional 100 local PME staff, especially mid-career Singaporeans, with a particular focus on hiring female talents, in the next twelve months."

About AMTD Group

AMTD Group is a leading comprehensive financial services conglomerate, with core businesses in investment banking, asset management, digital financial solutions; and non- financial services areas including education and real estate investment.

AMTD International (NYSE: HKIB; SGX: HKB), a subsidiary of AMTD Group, is the largest independent investment bank in Asia and one of Asia’s largest independent asset management companies, and has been a leading investor in FinTech and new economy sectors. AMTD International was successfully listed on the New York Stock Exchange in 2019, representing the first Hong Kong headquartered financial institution listed on NYSE. On April 8, 2020, AMTD International completed its successful listing on SGX- ST, which marks a series of historical milestones, including:

The first company ever to be dual listed on NYSE and SGX;
The first company featuring dual-class shares (DCS) listed on SGX; and
The first company to conduct a digital listing ceremony in Singapore.

AMTD Digital, the digital solutions arm of AMTD Group, is headquartered in Singapore engaging in digital financial services, digital marketing and data intelligence, digital connectors and ecosystem building, and digital investments. AMTD Digital aims to build a one-stop, comprehensive, cross-market, and innovative digital solutions platform.

About Nexia TS

Nexia TS provides a wide range of services including tax compliance & advisory, IPO services, risk advisory, business valuation, M&A advisory and due diligence services, forensic advisory etc. In order to help Asian companies accelerate their digitalization and better serve SMEs, Nexia TS has various digital platforms which include cloud accounting, payroll and data analytics together with cybersecurity, data protection, blockchain advisory services and virtual collaboration tools in response to the growing market needs. On an overall basis, Nexia TS Group has served over 90 listed companies and assisted 38 IPO listings. Nexia TS embraces diversity and women leadership with over 40% of its directors being women.

ECXX and UOB Kay Hian collaborate to offer Securitised Token Offerings

  • This collaboration brings ECXX technology platform to UOB Kay Hian’s large pool of investors in Asia.
  • ECXX’s digital platform was an early pioneer RMO offering securities in Fintech Sandbox Express approved by the Monetary Authority of Singapore.
  • Robust and exciting pipeline of deep-tech start-ups to be marketed to the accredited investors of both parties.

SINGAPORE, Feb. 1, 2021 ECXX Global, a pioneer in operating digital asset exchange using blockchain technology, announced today that it has entered into an important collaboration with regional brokerage UOB Kay Hian to bring in deep-tech start-ups to their network and offer them the opportunity to list via Securitised Token Offerings (STOs) to raise growth capital.

Under this collaboration, both companies will facilitate tokenization projects and tap on UOB Kay Hian’s large pool of investors to market and distribute tokens to potential investors.

They will comply with regulations for token issuance and they will provide investor education and analysis on tokenization and tokens investment.

"We are excited by the opportunities arising from this collaboration with UOB Kay Hian.

They are one of the leading regional brokerage out there and we believe that we are able to address their large list of accredited investors who are interested in token investment. In addition, the synergy from this collaboration will create more opportunities for investors to tap into digital assets and the blockchain space," said Mr Branson Lee, Chief Executive Officer of ECXX.

With Singapore currently being Asia’s highest-ranking fintech city and seeing a growth of 30% of fintech funding over the past few years from 2015 to 2019[1], this collaboration presents great opportunity for UOB Kay Hian to expand their business into the fintech sector, growing their already well-established presence in the banking and finance sector.

ECXX is also able to leverage on this collaboration and accelerate the development and expansion of their fintech business.

ECXX had already previously secured admission from the Monetary Authority of Singapore ("MAS") to the Fintech Sandbox Express under a Recognised Market Operator (RMO) regime.

This makes them an early pioneer RMO offering securities in Fintech Express Sandbox approved by the Monetary Authority of Singapore to be integrated with MyInfo, the one-stop Singapore government identity platform.

Mr Esmond Choo, Senior Executive Director of UOB Kay Hian, said, "The ECXX platform is designed to be very versatile and will serve the fast growing digital asset space. UOB Kay Hian is very happy to work with ECXX, a company which has a strong domain knowledge in STO offerings matched by a robust pipeline of rapid growth technology-based companies. We believe that this collaboration will allow us to leverage our respective strengths to grow our presence the fintech sector."

About ECXX

ECXX is a premier Digital Securities Exchange made in Singapore with a global reach, allowing users to buy, sell, and store digital assets. Its platform is dedicated to offer unique experiences regardless whether you are a professional or institutional trader. It is a Recognised Market Operator (RMO) offering Digital Securities In MAS Fintech Sandbox Express. ECXX is the 1st Exchange to be approved and the only private company to be onboarded for MyInfo Business.

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

About UOB Kay Hian

UOB-Kay Hian Group is a regional financial services group headquartered in Singapore. It is a widely recognised brand in every jurisdiction in which it has operations such as Singapore, Hong Kong, Thailand, Malaysia, Indonesia, London, New York and Toronto. In Singapore, it is the largest domestic broker based on the number of registered trading representatives employed. In addition to its broking agency services in equities, bonds, CFDs, DLCs, Robo, LFX and commodities, it provides high value-added services in corporate advisory and fund raising, leveraging on its wide network of corporate contacts and deep distribution capabilities to execute IPOs, secondary placements and other corporate finance and investment banking activities. Our regional distribution footprint now spans regional financial centres.

For media queries, please reach out to:

Ashley Tan
FPR
E: ashley@financialpr.com.sg
T: (+65) 6438-2990

Related Links :

https://www.ecxx.com/

HotForex starts the new year with more global recognition


The award winning CFDs broker starts 2021 with two new global awards for being the Most Trusted Forex Broker and having the Best Forex Educational Resources.  

PORT LUIS, Mauritius, Jan. 29, 2021 — Leading CFD broker HotForex has received two new titles from the Global Forex Awards, "Most Trusted Forex Broker – Global" and "Best Forex Educational Resources – Global", in recognition of the company’s exceptional commitment to helping its clients feel secure, supported, valued and confident at every step of their trading journey!

With over 2.5 million live accounts opened, HotForex is proud to be a trusted broker of choice around the world. They provide free negative balance protection to every client, market leading insurance up to €5,000,000 and a dedicated 24/5 support team.  The company received the award commenting: "From the start, our mission has been to provide the best customer service by maintaining a superb client centric culture. It is wonderful to have our success noticed and appreciated not just by our clients, but by some of the industry’s most respected awarding bodies."

The company also received the "Best Forex Educational Resources – Global" award for providing a variety of educational resources to help traders at every level. Commenting on this win the company said: "We are aware that education is an important part of every trading journey.  Our educational resources, which include online and offline materials alongside live weekly webinars, provide our traders with everything they need to enhance their trading knowledge."      

HotForex CEO George Koumantaris said: "These new awards are a great way to start the new year.  We are thrilled to be recognized once again and remain committed to finding new and exciting ways to enhance our clients’ trading experience."

Visit the HotForex website today to find out more about their award-winning products and services and the advantages of trading with a reliable global broker of choice.   

About HotForex

HotForex is an internationally acclaimed multi-asset broker of choice to over 2.5 million live accounts worldwide that has earned over 45 coveted industry awards. The company offers a wide variety of account types, innovative products, platforms, tools and educational resources besides outstanding customer service and unparalleled trading conditions.

Risk Warning

Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital.

Logo – https://techent.tv/wp-content/uploads/2021/01/hotforex-starts-the-new-year-with-more-global-recognition.jpg

Contact:  HF Markets Ltd, marketing@hotforex.com, +44-2033185978

Related Links :

https://www.hfmarkets.com

NordikCoin Set to Expand Into Asian Markets in 2021

Leading Estonian high-tech cryptocurrency exchange service, NordikCoin, is announcing that it will start accepting customers from Asian markets. The company will first begin accepting customers in selected jurisdictions, while further expansion is expected to continue in 2021. Whilst expanding its global reach, the company itself and its day-to-day operations will continue to be domiciled in global cryptocurrency haven Tallinn, Estonia.

TALLINN, Estonia, Jan. 29, 2021 — Leading Estonian high-tech cryptocurrency exchange service, NordikCoin, is announcing that it will start accepting customers from Asian markets. The company will first begin accepting customers in selected jurisdictions, while further expansion is expected to continue in 2021. Whilst expanding its global reach, the company itself and its day-to-day operations will continue to be domiciled in global cryptocurrency haven Tallinn, Estonia.

Bitcoin on the rise

Bitcoin has been in the limelight for over a decade now, rapidly expanding its scope of applications, and continuously rising in value. On January 8th 2021, Bitcoin hit a new milestone by surpassing $42,000 in value, proving that its popularity is steadily increasing.

To support the rise in demand, Estonian cryptocurrency exchange NordikCoin will apply its European KYC and AML rules to customers from new Asian jurisdictions, with the main focus on security and compliance. NordikCoin’s AML/KYC policy stands for Anti-Money Laundering and Know Your Customer and was designed to prevent and mitigate possible risks of money laundering and terrorism financing.

NordikCoin aims to be one of the fastest and most hassle-free ways of buying Bitcoin. The exchange supports all major credit cards, whilst crypto wallets are provided free of charge to its customers. Due to the innovative use of electronic ID solutions, users from supported jurisdictions can set up their accounts in under five minutes – after which they can start trading Bitcoin immediately. The company is known for bringing innovation into the cryptocurrency space, being one of the first Bitcoin exchanges with Lightning Network protocol support. 

Inevitably, one of NordikCoin’s main priorities has been to follow all the latest cybersecurity standards and best practices, ensuring that the cryptocurrency exchange environment is safe and reliable for all users across the globe. This is, in part, due to the fact that the team behind NordikCoin is comprised of experienced lawyers, auditors and technologists from around the world.

Japan next for rapid expansion

One jurisdiction which is being considered for NordikCoin’s Asian expansion is Japan. The country has witnessed a notable surge in Bitcoin holdings by 11%, suggesting that it’s the perfect launchpad. Several crypto exchanges are already present and thriving in the Japanese market, regardless of current COVID-19 restrictions and difficulties. Key exchanges include Okcoin, Bitflyer, Bitbank and Btcbox, among others.

David De Marco, CEO of Omni Matrix Ltd, the parent company of NordikCoin.com, shares his excitement for the Asian expansion plans:

– Our expansion into the Asian market marks a unique opportunity for the company to present its innovative cryptocurrency trading services globally. We are thrilled to announce that we will be expanding our customer onboarding processes to facilitate clients from Asian markets. We are confident that this is the perfect stepping stone for the new era of cryptocurrency exchange with NordikCoin leading the way.

Asia has been dominating the cryptocurrency market in the past couple of years, with financial giant SBI taking a lead. The company made a series of crypto moves recently including a planned 2022 launch of a digital exchange with Switzerland’s SIX, a partnership with Ripple and, most recently, the acquisition of U.K.-based cryptocurrency trading firm B2C2. Asia has been found to adopt blockchain technology much faster than many Western countries, incorporating innovations quickly and efficiently. NordikCoin’s expansion plans seem to be a great way for Europe and Asia to join forces and increase efforts of pushing Bitcoin and cryptocurrency into the limelight. 

Press contact:

David De Marco, CEO, Omni Matrix Limited
Email: david.de.marco@omnimatrix.com
Web: https://www.omnimatrix.com

Related Images

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Bitcoin exchange launching in Japan 
Bitcoin exchange launching in Japan

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Bitcoin exchange launching in Japan 
Bitcoin exchange launching in Japan

INTEGRATED MEDIA TECHNOLOGY LIMITED Announces Changes to The Board of Directors


SYDNEY, HONG KONG and NEW YORK, Jan. 22, 2021 — Integrated Media Technology Limited (NASDAQ: IMTE) ("IMTE" or the Company), announced on January 19, 2021 changes to its Board with the appointment of Mr. Luis Puyat to its Board of Directors and the change of status of Mr. Uwe Parpart from Independent non-Executive Director to Executive Director.

With effect from January 15, 2021, Mr. Puyat will serve as an Independent non-Executive Director and a member of the Board’s Audit Committee and Remuneration Committee. The size of IMTE’s Board was increased from five to six members with Mr. Puyat’s appointment.

Mr. Puyat is currently the Chief Executive Officer of VGP Investments, Inc. a privately held PE firm based in Makati, Metro Manila. Mr. Puyat is also the Executive Director of privately funded First Sovereign Asset Management, Inc. Prior to this, Mr. Puyat was involved in the Puyat family owned Manila Bank from 1986 to 2007, acting as the president from 1994 to 1999, and as Chairman of the Board from 1999 to 2007.

On the same date, Mr. Uwe Parpart’s status was changed from Independent non-Executive Director to Executive Director. Mr. Parpart also resigned from the Audit Committee.

Mr. Con Unerkov. Chairman and CEO of IMTE, stated, "We are pleased to welcome Mr. Luis Puyat as a new Independent non-Executive Director to the IMTE Board. Mr. Puyat is an accomplished financial executive with over 25 years of relevant experience. He is an ideal addition to IMTE’s team as we continue to drive our business strategy forward especially with our new securities research and risk analysis business in China that was recently announced through an investment in Greifenberg Capital Limited.".

As announced on December 29, 2020, IMTE entered into an agreement acquiring up to 60% of Greifenberg Capital Limited to provide risk analysis on China’s securities markets. Our Director Mr. Uwe Parpart who has over 30 years of experience as a senior executive in the finance industry will manage the roll out of this business. Accordingly, Mr. Parpart’s status as a Director changes from Independent non-Executive Director to Executive Director.

Mr. Uwe Parpart, IMTE’s new Executive Director commented, "I have known Luis for over three decades. His extensive experience in the banking and asset management industry in Asia will be extremely helpful in guiding our strategic efforts in research and risk analysis for China’s fast-growing securities industry. We are very excited to have Luis join IMTE’s Board of Directors."

Mr. Puyat commented, "I am familiar with IMTE’s overall business and the new financial services initiative in China. I have known Mr. Parpart for over three decades and collaborated with him on banking ventures on several occasions in the past. I am confident that I can contribute, in particular, to the successful commercialization of IMTE’s securities markets undertaking. I look forward to working with the skilled board of directors as we continue to execute our strategy, drive profitability and enhance value for all our shareholders."

About Integrated Media Technology Limited

Integrated Media Technology Limited. is engaged in the business of glass-free 3D (also known as autostereoscopic 3D) display, the manufacture and sale of nano coated plates for air filters, the sale of electronic glass and financial research and data services. The three new business operations in air filters, electronic glass and financial research services are expected to form the foundation of our future growth strategy.

For more information, please visit www.imtechltd.com.

Safe Harbor Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding IMTE’s expectations, intentions, strategies, and beliefs pertaining to future events or future financial performance. Actual events or results may differ materially from those in the forward-looking statements because of various important factors, including those described in the Company’s most recent filings with the SEC. IMTE assumes no obligation to update publicly any such forward-looking statements, whether because of new information, future events or otherwise. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the section entitled "Risk Factors" in IMTE’s annual reports on Form 20-F and interim reports on Form 6-K filed with the SEC, as such factors may be updated from time to time in IMTE’s periodic filings with the SEC, which are accessible on the SEC’s website and at http://www.imtechltd.com.

Related Links :

http://www.imtechltd.com

https://www.imtechltd.com

OKExChain launches Swap and Farm DApps, allowing users to increase their OKT earnings


VICTORIA, Seychelles, Jan. 22, 2021OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is delighted to announce that the team behind the open-source blockchain OKExChain has launched two decentralized applications, OKEx Swap and OKEx Farm, on the protocol. Both these new features, along with the opening of the OKT/USDT Farm Pool commenced today at 10:00 am UTC

OKT withdrawals also opened at the same time, giving OKT holders the ability to stake OKT along with USDT in Swap to earn OKT-USDT LP tokens. These can then be used to stake in the OKT-USDT Farm Pool for additional earnings, such as mining new OKT.

The OKEx Swap and Farm initiatives have been enabled by the initial stability testing of the OKExChain mainnet that generated tens of thousands of OKT block rewards (according to OKExChain’s block reward rules). These tokens have not yet been allocated, meaning that OKT holders can unlock significant rewards by mining OKT on-chain.

The size of the reward will be voted on by the OKT/USDT whitelist pool on Jan. 26 at 10:00 am UTC. If the vote is approved, a snapshot will be taken according to the blocks that voted in favor, and the accumulated OKT will be distributed according to the proportion of OKT-USDT LP tokens that they had staked in the OKExChain Farm pool when the proposal was approved.

The amount of OKT that users can mine is equal to the number of tokens staked divided by the total number of tokens in the Farm Pool, multiplied by the cumulative amount of OKT. After the cumulative OKT allocation is complete, users can continue to mine through the OKT-USDT Farm Pool. Staking starts as soon as the Farm function is launched. 

"The phased launch of OKExChain is moving along at a very encouraging pace. Already after completion of the initial stage, we have seen its native token, OKT, commanding an all-time high of $86.54 in its first days of trading on the OKEx platform. We’re thrilled that the team behind OKExChain has been able to provide OKT holders with even more benefits through the Swap and Farm initiatives and to see OKExChain expanding its utility," commented OKEx CEO Jay Hao.

In addition to staking and mining rewards via OKEx Swap and Farm, OKT provides users with further immediate utility and benefits, including voting rights and transaction-fee payments for decentralized exchanges and other DeFi applications built on the network. OKT is currently available to trade on the OKEx platform with zero fees on all trading pairs for the first 30 days.

For further information on OKEx Swap and OKEx Farm DApps, please visit the OKEx Support Center here.

About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

SAP Hong Kong and Deloitte Help Cross-Border Businesses Navigate Ongoing Trade Complexity

HONG KONG, Jan. 22, 2021 — As COVID-19 continues to disrupt the trade industry, SAP Hong Kong and Deloitte are working continuously to help enterprises navigate a more complex and turbulent trade environment with SAP Global Trade Services (SAP GTS).

As the market share leader in the global trade compliance systems sector, SAP has various solutions including GTS that have been successfully deployed in nearly 3,000 enterprises in 25 industries and more than 170 countries. A centralized global trade management platform that automates and streamline trade processes, SAP GTS enables enterprises to better control costs, manage free-trade agreements and customs procedures, and reduce non-compliance risk. Deployed on-premises or in the cloud, it serves as a repository for all compliance master data and content, allowing businesses to integrate all of their trade services. 

Working closely with SAP, Deloitte offers one-stop end-to-end global trade services, including SAP GTS-enabled Smart GTS serving as a "direct train" to global trade and help enterprises achieve compliance, cost reduction, intelligence and synergy for global trade management in the increasingly complex international trade environment, and thus implement their global development strategies. Its integrated global practice offers a mix of multidisciplinary trade specialists with extensive experience in compliance, customs, preferential trade agreements, technology implementation know-how and unmatched experience across industries worldwide.

Fabian Padilla Crisol, Managing Director, SAP Hong Kong, said, "Business leaders in high-tech, life sciences, luxury goods, industrial machinery and other sectors understand the importance of optimizing cross-border supply chains. With the support of SAP GTS and Deloitte, these businesses are now well positioned to navigate an increasingly volatile and complex global trade environment in 2021 and beyond."

Andy Zhou, Deloitte Consulting China SAP Offering Leader, said, "To prosper in the dynamic global trade environment, enterprises are required to keep up with the cross-border trade policies and regulations, meet new consumer demand and the development needs of complex supply chains. The combination of Deloitte’s services and SAP GTS technology allows deep integration and seamless connection to establish a stable, efficient and compliant global trade management model and solution."

Key features of SAP GTS include:

  • Customs management: The system enables the seamless flow of corporate supply chain data to external suppliers and regulators, with customs declarations and documentation being automatically generated, shared and managed. This process automation decreases errors and accelerates the customs clearance process for faster and more efficient business operations.
  • Compliance management: SAP GTS enables enterprises to automatically run compliance checks, which includes managing licenses and export controls and scanning up-to-date blacklisted and embargoed countries. This reduces compliance risks and avoids supply chain disruption for business continuity.
  • Trade preference management: The system helps enterprises determine the rules of origin and conduct free-trade agreement planning and management so as to take advantage of preferential tariff treatments and lower business cost.   
  • Global trade analytics: SAP GTS integrates directly with SAP S/4HANA®, SAP ERP and other business software systems. This supports sales, procurement, and logistics processes that are essential to efficient export and import management.

About SAP

SAP’s strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com/hk.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms, and their related entities (collectively, the "Deloitte organization"). DTTL (also referred to as "Deloitte Global") and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the "Deloitte organization") serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 330,000 people make an impact that matters at www.deloitte.com.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.

The Deloitte brand entered the China market in 1917 with the opening of an office in Shanghai. Today, Deloitte China delivers a comprehensive range of audit & assurance, consulting, financial advisory, risk advisory and tax services to local, multinational and growth enterprise clients in China. Deloitte China has also made – and continues to make – substantial contributions to the development of China’s accounting standards, taxation system and professional expertise. Deloitte China is a locally incorporated professional services organization, owned by its partners in China.  To learn more about how Deloitte makes an Impact that Matters in China, please connect with our social media platforms at www2.deloitte.com/cn/en/social-media.

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms or their related entities (collectively, the "Deloitte organization") is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.

© 2021. For information, contact Deloitte China.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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Alon Feit, Co-Founder of Splitit, Joins Verrency

MELBOURNE, Australia, Jan. 20, 2021 — Global payment innovation company Verrency today announced that Alon Feit, an accomplished payments executive and successful start-up founder, has joined Verrency. Mr. Feit joins Verrency’s global advisory board and will also take responsibility for Verrency’s commercial operations in Israel and selected countries within Europe.

Mr Feit is the co-founder and ex-president and CEO – Splitit Payments Ltd (Splitit), a patented card-based instalment payment solution company (BNPL), leading the company in raising US$130m in equity and US$80m as a debt facility prior to the company’s successful IPO on the ASX. He has held numerous executive leadership roles in the credit card industry for over 25 years at, Mastercard, ITAU-Unibanco Cards and Shufersal Finance.

"I have been following Verrency for a while and have really admired the way that Verrency is solving a major financial services industry problem that couldn’t be timelier – how to drive innovation and unique consumer experiences around the moment of payment for institutions with existing legacy systems and portfolios," said Mr Feit. "Their solution is truly unique in that it can be deployed on top existing payment infrastructure, offering a flexible way for financial institutions to deliver engaging payment experiences at Fintech speed. Their team is absolutely top calibre, and I am excited to be joining Verrency where I can help David and the team expand further across Israel and Europe."

"Alon’s experience in building Splitit and his understanding of the card issuing space are tremendous assets as we look to expand in Europe and Israel," said David Link, Verrency Founder & CEO. "Alon’s vision, passion and his breadth of experience in the card issuing space is precisely where Verrency operates and are invaluable as we continue our expansion.  And having Alon’s experienced insights – he has just successfully grown another fintech – will be instrumental as Verrency further expands its value proposition into BNPL, personalisation and other services around the moment of payment.

Verrency’s industrial-grade platform fits on top of a bank’s, processor’s or wallet’s existing infrastructure, opening the door for rapid delivery of enhanced features and new services without the need to change existing legacy technology or to migrate portfolios. The company’s clients include financial institutions around the world from large tier 1 issuing processors to neobanks to national debit schemes, including Emirates NBD, Volt Bank, EFTPOS, and the US-based global processor FIS, among others.

About Verrency

Verrency puts financial institutions back at the centre of customer engagement. Verrency’s highly secure payments innovation platform helps issuers to acquire and retain customers and increase payment spend while increasing security, control and connectability. Verrency works behind the scenes to enable value-added services for an issuer’s customers quickly and easily without major changes to existing payments infrastructure or the need to integrate to point-of-sale systems. Verrency also enables rapid connection to third-party services via its extensive FinTech ecosystem with little to no integration. For more information, see www.verrency.com.

Related Links :

http://www.verrency.com

Prince Albert of Monaco to deliver keynote address at Abu Dhabi Sustainability Week Summit

– Reimagined ADSW 2021 comprises high-level virtual events including ADSW Summit, IRENA Assembly, Abu Dhabi Sustainable Finance Forum, Atlantic Council Global Energy Forum, Youth 4 Sustainability Virtual Forums and World Future Energy Summit Webinars

– Global leaders from policy, industry and technology to explore social, economic and technological opportunities for delivering a green recovery

ABU DHABI, United Arab Emirates, Jan. 18, 2021 — H.S.H Prince Albert II of Monaco, Head of State, Principality of Monaco will deliver a keynote address at Abu Dhabi Sustainability Week (ADSW), the global platform for accelerating sustainable development, hosted by Masdar, which runs from 18-21 January 2021 as a reimagined virtual event this year.

 

Prince Albert of Monaco to deliver keynote address at Abu Dhabi Sustainability Week Summit
Prince Albert of Monaco to deliver keynote address at Abu Dhabi Sustainability Week Summit

 

His speech on national resilience in the face of COVID-19 at the ADSW Summit on 19 January, will follow the keynote by His Excellency Dr. Sultan Ahmed Al Jaber, UAE’s Minister of Industry and Advanced Technology and Special Envoy for Climate Change and Chairman of Masdar, and is expected to help set the agenda for a green recovery in a post-pandemic world.

ADSW Summit will feature more than 70 high-level speakers from around the world and broadcast online across different time zones to engage audiences across various geographies and markets. The agenda runs over three two-hour sessions that focus on the pillars of "Live & Move," "Care & Engage," and "Work & Invest," with each pillar exploring social, economic and technological opportunities to set and support a sustainable recovery.

The speakers at the one-day virtual ADSW Summit will also include: H.E. Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO Mubadala Investment Company; H.R.H Prince Khaled bin Alwaleed bin Talal Al Saud, Founder and CEO, KBW Ventures; H.E. Grace Fu, Minister for Sustainability and the Environment of the Republic of Singapore; H.E. Sheikha Bodour bint Sultan Al Qasimi, Founder & CEO, Kalimat Publishing Group; H.E. Eng. Awaidha Murshed Al Marar, Chairman of Abu Dhabi Department of Energy; Francesco La Camera, Director General, IRENA; Maimunah Mohd Sharif, Executive Director UN-Habitat; Noel Quinn, Group Chief Executive Officer, HSBC Holdings; Laurence Fink, Chairman and CEO BlackRock; and Dr. Lucas Joppa, Chief Environmental Officer, Microsoft, in addition to many other high-level speakers.

ADSW 2021, which is supported by Abu Dhabi’s Department of Energy as a Principal Partner, will feature a series of high-level virtual events, including the ADSW Summit, IRENA Assembly, Abu Dhabi Sustainable Finance Forum, Atlantic Council Global Energy Forum, Youth 4 Sustainability Virtual Forums and the World Future Energy Summit Webinars.

Through initiatives and events, ADSW is committed to the sharing of knowledge, implementation of strategies and the delivery of real-world solutions to address the challenges related to sustainability and climate change. As the first global event in the UAE’s Golden Jubilee year, ADSW 2021 will help galvanize further collaboration among government, business and community stakeholders to achieve the United Nations’ Sustainable Development Goals

For over a decade, Abu Dhabi has provided a sustainable platform for the global community that has grown through its initiatives and events to emerge as a thought leader and catalyst that accelerates sustainable development around the world.

The 2020 edition of Abu Dhabi Sustainability Week hosted around 45,000 attendees from 170 countries, with more than 500 high-level speakers from around the world.

To ensure the safety of all participants, ADSW 2021 and all related high-level events will take place virtually. The physical program of ADSW will return in 2022.

Register now for the ADSW Summit at www.adsw.ae

About Abu Dhabi Sustainability Week

Abu Dhabi Sustainability Week (ADSW) is a global platform for accelerating the world’s sustainable development. The week brings together a unique fusion of policy makers, industry specialists, technology pioneers and the next generation of sustainability leaders. Through its initiatives and events, ADSW is a catalyst for sharing knowledge, implementing strategies and delivering solutions to drive human progress.

ADSW is committed to furthering our understanding of the major social, economic and environmental trends shaping the world’s sustainable development. 

About Masdar

Abu Dhabi’s renewable energy company Masdar is advancing the commercialization and deployment of renewable energy, sustainable urban development and clean technologies to address global sustainability challenges. Wholly owned by Mubadala Investment Company, the strategic investment company of the Government of Abu Dhabi, our mandate is to help maintain the UAE’s leadership in the global energy sector, while supporting the diversification of both its economy and energy sources for the benefit of future generations. Today, Masdar is active in more than 30 countries, including the UAE, Jordan, Saudi Arabia, Mauritania, Egypt, Morocco, the UK, the US, Australia, Spain, Serbia, India, Indonesia, Uzbekistan, and many more.

 

 

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Caohejing Hi-Tech Carnival in Shanghai Plays Host to First FinTech Competition; Peers into the Future of the Financial Sector

SHANGHAI, Jan. 15, 2021 — The first FinTech competition of the Caohejing Hi-Tech Carnival was held on January 13. The competition was hosted by the Shanghai Lingang Economic Development (Group) Co., Ltd., and organized by the Shanghai Caohejing Hi-Tech Park Development Corporation and the Shanghai Lingang Economic Development Group Asset Management Co., Ltd, under the guidance of the Shanghai Office for the Promotion of Science and Technological Innovation, the Xuhui and Minhang Districts People’s Government and supported by Deutsche Bank (China) Co. Ltd.

First FinTech Competition
First FinTech Competition

In his opening speech, Liu Wei, Vice President of Lingang Group said: "In the era of the digital economy, digital technology and FinTech will support China’s digital economy. Lingang Group understands that many micro, small and medium-sized technological enterprises in the Caohejing Hi-Tech Park are facing difficulties such as obtaining financing and the high cost of financing. Innovative financial technology can bring new ideas and new solutions to corporate financing problems. Lingang Group, with its solid industrial base and concentrated innovation resources will provide multi-resources for the development of financial technology."

In the keynote speeches that followed, Professor Ricarda Bouncken, Chief Professor of Strategic Organizational Management at the University of Bayreuth, Germany; Zhu Yi, Head of Innovation and Fintech Solution for Corporate bank, Deutsche Bank; Du Jianmin, Director of Global Strategic Services at KPMG Consulting; Zhang Guofeng, Deputy Director of the Institute for Artificial Intelligence and Change Management of Shanghai University of International Business and Economics and Secretary General of Shanghai Opensource Information Technology Association; shared their views regarding the topic, Digital Identity in Digital Transformation, How FinTech Serves Enterprises, FinTech Trends and Applications in the Asset Management Industry, and on the Concept of Public Infrastructure for Digital Finance, revealing the positive impact of the integration of technology and finance on the development of the industry.

In the afternoon, the final pitch began. After the preliminary and semi-final rounds, nine participating enterprises of MagicTrade Tech, Onchain Tech, NINGTON, Korange, HEXINFO, AlphaInsight, Meridian, FANHAN INFO, and JINGZHI Netword Technology successfully entered the final stage. All the winners were decided through pitches and on-the-spot questions from judges.

After the competition, the round table discussion on the theme: "how FinTech empowers the digital transformation of the industry" was organized. The conference was hosted by Zhang Peng. The participating guests included Yu Leimin, Partner of KWM and Fintech Expert, Wang Yonggang Zheng Wenhao, Lingang Blockchain Research Institute Vice-Principal, Liu Bin. Speakers shared their views on the new opportunities and new path of FinTech development.

The exciting award ceremony concluded the events of the day. Zhu Yi awarded prizes to the winners of University Projects. Zhou Liping, Deputy Director of Xuhui District Finance Office; Liu Bin; and Huang Jing, Assistant General Manager of Shanghai Lingang Economic Development Group Assets Management Co., Ltd, respectively awarded prizes to the winner, JINGZHI Netword Technology, the second prize Onchain Tech, FANHAN INFO, and HEXINFO, and third prize MagicTrade Tech, NINGTON, Korange, AlphaInsight, and Meridian. Zhang Guozhong, Deputy Director of Shanghai Technology Incubation Center, and Lai Haofeng, General Manager of Caohejing Incubation Center, presented the 2020 Caohejing Incubation Enterprise Graduating Certification to the enterprises and saluted their efforts in fostering the development of FinTech.