Tag Archives: FNT

PR Newswire

Huawei Pay Welcomes New Partner Aleta Planet to Provide Mobile Payment Solution for Singapore Users

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SINGAPORE, Dec. 23, 2020 — Huawei Pay, the mobile payment service by Huawei, today announced a new partnership with Aleta Planet and UnionPay International (UPI) to introduce the mobile payment solution combining Near Field Communication (NFC) and Quick Response Code (QR code) payments for Singapore Huawei users. Starting from now to 28 February 2021, Singapore Huawei Pay users are entitled up to eighteen per cent discount at HEYTEA with UnionPay QR Code payment.

Huawei Pay, the mobile payment service by Huawei today announced a new partnership with Aleta Planet and UnionPay International (UPI) to introduce the mobile payment solution combining Near Field Communication (NFC) and Quick Response Code (QR code) payments for Singapore Huawei users. For more information about Huawei Pay, please visit https://consumer.huawei.com/en/mobileservices/huawei-wallet/
Huawei Pay, the mobile payment service by Huawei today announced a new partnership with Aleta Planet and UnionPay International (UPI) to introduce the mobile payment solution combining Near Field Communication (NFC) and Quick Response Code (QR code) payments for Singapore Huawei users. For more information about Huawei Pay, please visit https://consumer.huawei.com/en/mobileservices/huawei-wallet/

Earlier in May, Huawei Mobile Services (HMS) launched the Huawei Pay in Singapore for users to enjoy secure, and convenient mobile transactions with their smart devices. Users can enable Huawei Pay by adding their bank cards to HUAWEI Wallet app and transact conveniently in-store and in-app.

Now, Huawei Pay provides further improved in-store payment experience by offering both NFC and QRC payment methods for greater flexibility. Huawei Pay users can choose to pay with either way in the retail stores.

In Asia Pacific, the Singapore-based Aleta Planet is the first FinTech partner that supports both the NFC and QR code payments via Huawei Pay. Aleta Planet is a virtual card service provider which allows users to pay, remit, and collect payments through the UnionPay network. To begin with the service, users need to download the company’s "AP-1" mobile app from HUAWEI AppGallery and apply for an AP-1 virtual card entirely online. The users can then add their card to Huawei Pay and start to make cashless NFC and QR code payments at various merchant locations.

"We are pleased to announce this collaboration with Singapore’s homegrown FinTech company, Aleta Planet, in providing the convenience of our Singapore users to make payment anywhere, anytime. By using Huawei Pay, the AP-1 users can handily make NFC and QR code payment, as well as enjoying a slew of exclusive privileges available. This partnership is part of Huawei’s continuous efforts on optimising the mobile experience for our users," said Shane Shan, Director of Huawei Mobile Services, Asia Pacific.

UnionPay users to enjoy rewards with Huawei Pay
In celebration of the partnership, from now until 28 February  2021, Singapore Huawei Pay users will receive up to eighteen per cent discount at HEYTEA* when paying with UnionPay QR Code. The promotion redemption is limited to three redemptions per day, on a first-come, first-served basis. Singapore Huawei Pay users will also enjoy SGD$1 discount with minimum spend of SGD$2 at i.Jooz orange juice vending machines by scanning the UnionPay QR Code.

In addition, Aleta Planet’s AP-1 virtual card users will be entitled to a slew of UnionPay promotions and rewards including dining and lifestyle offers as stated on the UPI website (http://www.unionpayintl.com/sg/).

For more information about Huawei Pay, please visit

https://consumer.huawei.com/en/mobileservices/huawei-wallet/

*Terms and conditions apply

PR Newswire

Gojek invests in Bank Jago to accelerate financial inclusion in Indonesia

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Investment made through Gojek’s payments and financial services arm, with ambition to provide millions of users with greater access to digital banking services

JAKARTA, Indonesia, Dec. 22, 2020 — Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, has invested in Bank Jago, an Indonesia-listed technology-based bank, as part of a strategic partnership that will accelerate financial inclusion in Indonesia.

Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, has invested in Bank Jago, an Indonesia-listed technology-based bank, as part of a strategic partnership that will accelerate financial inclusion in Indonesia.
Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, has invested in Bank Jago, an Indonesia-listed technology-based bank, as part of a strategic partnership that will accelerate financial inclusion in Indonesia.

The partnership marks a collaboration between two exciting technology-focused companies: Gojek, pioneer of the Southeast Asian ‘Super App’; and Jago, an innovative technology-based bank that delivers digital banking services for the SME, consumer and mass market segments in Indonesia. It also builds on the partnerships that Gojek – and its digital wallet and payments platform, GoPay – has formed with various Indonesian financial institutions to offer financial services to merchants and drivers since 2017.

The ultimate aim of this partnership is for Jago to provide access to digital banking services through Gojek’s platform, allowing Gojek’s millions of users to instantly open a bank account with Jago and better manage their finances via the Gojek app. The partnership will also act as a model through which Gojek will go on to partner with other banking institutions to support them in reaching more customers.

Indonesia – home to the world’s 4th-largest unbanked population where 52% of adults (about 95 million people) do not own a bank account[1] and a further 47 million adults are underbanked or have insufficient access to credit, investment and insurance[2] – represents a huge opportunity for companies like Gojek and Jago. That it has a high smartphone penetration rate of 70-80% also makes the population infrastructurally ready for digital banking.

The investment – made through Gojek’s payments and financial services arm – will mean Gojek holds around 22% of Bank Jago. The deal also does not alter the control of Jago, with Metamorfosis Ekosistem Indonesia and Wealth Track Technology continuing to be Jago’s controlling shareholders with a combined ownership of 51 per cent.

Gojek Co-CEO Andre Soelistyo, said: "Our partnership with Jago marks the latest milestone in our drive to reduce daily friction for users and improve their lives through technology. It is a key part of our strategy and will underpin the growth and sustainability of our business in the long term. Jago’s tech-based banking solutions will supercharge Gojek’s ecosystem offerings and facilitate access to banking services for the mass market, thereby supporting our common vision to accelerate financial inclusion in Indonesia.

"This is the start of a new way of offering financial services to Gojek users as the collaboration will enable us to develop a process through which we can work with other banks. Our aim is to leverage more partnerships like this, to ultimately make the Gojek app a reliable resource for everyone’s financial needs."

Bank Jago’s President Director, Kharim Siregar, said: "We are proud and excited to work with Gojek, which has a digital footprint that encompasses millions of consumers and businesses throughout the country. This perfectly complements Bank Jago’s deep expertise and understanding of the financial needs of Indonesians.

"We believe that this strategic collaboration – between a tech-based bank like Bank Jago and a Super App like Gojek – is the first of its kind in Indonesia and Southeast Asia and represents a new way to spur growth in digital economies. As a bank designed with an open API, we will go on to work with multiple digital ecosystems to reach a wider audience and drive our aspiration to enhance the finances of millions of people through digital financial solutions."

Bank Jago was founded in 1992 under the name PT Bank Artos Indonesia. In 2020, Bank Artos changed its name to PT Bank Jago Tbk as part of its transformation to become an innovative tech-based bank with the aspiration to enhance the growth of millions through digital financial solutions.

About Gojek

Gojek is Southeast Asia’s leading technology group and a pioneer of the integrated super app and ecosystem model. Gojek is founded on the principle of using technology to remove life’s daily frictions by connecting consumers to the best providers of goods and services in the market.

The company was first established in 2010 focusing on courier and motorcycle ride-hailing services, before launching the app in January 2015 in Indonesia. Since then, Gojek has grown to become the leading super app in Southeast Asia, providing access to a wide range of services from transportation and digital payments, to food delivery, logistics and many other on-demand services.

Gojek now operates across main cities in five Southeast Asian countries. As of June 2020, Gojek’s application and its ecosystem have been downloaded 190 million times by users across Southeast Asia.

As a super app, Gojek is dedicated to solving the daily challenges faced by consumers, while improving the quality of life for millions of people across Southeast Asia, especially those in the informal sector and micro, small and medium enterprises (MSMEs).

The Gojek application is available for download via iOS and Android.

About Jago

Bank Jago journey began in 1992 in Bandung under the name PT Bank Artos Indonesia (Bank Artos).

After 27 years of serving the public with conventional saving, loans, and services, in 2019 Bank Artos entered a new era marked by the entry of PT Metamorphosis Ecosystem Indonesia (MEI) and Wealth Track Technology Limited (WTT) as new controlling shareholders after acquiring Bank Artos shares at 37, 65% (MEI) and 13.35% (WTT).

In June 2020, we changed the name from PT Bank Artos Indonesia Tbk to PT Bank Jago Tbk to begin the transformation to build a Bank of the Future – a bank for everyone to grow together.

Through banking products and services which will be embedded in an ecosystem by optimizing technology, Bank Jago will become an innovative technology-based bank which serves the small and medium enterprises (SME) segment, Retail (Consumer) segment, and mass market segment.

[1] World Bank’s Global Findex, 2017 and 2018
[2] Google, Temasek and Bain & Company; e-conomy report 2019 

PR Newswire

ValueLabs wins IBSI Global Fintech Innovation Award

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

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

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

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

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

About ValueLabs

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

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

Related Links :

http://www.valuelabs.com/

PR Newswire

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

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

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

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

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

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

PR Newswire

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

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

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

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

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

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

Crossfire Validator Competition

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

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

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

Crossfire Validator Rewards:

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

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

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

About Crypto.com

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

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

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PR Newswire

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

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

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

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

Samson Lee, CEO and Founder of Coinstreet Partners said:

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

Branson Lee, CEO of ECXX said :

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

Terry Tan, Listing Director of ECXX said :

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

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

About Coinstreet Partners (“Coinstreet”)

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

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

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

About ECXX

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

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

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

PR Newswire

Cantilan Bank Deploys First DN Series™ In The Philippines

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

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


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

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

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

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

Cantilan Bank completed deployment of the DN Series in October.

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

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

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

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

Related Links :

https://www.dieboldnixdorf.com

PR Newswire

Synechron Acquires Attra

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Expanding competencies with end-to-end banking and payments technology services.

NEW YORK, Dec. 11, 2020 — Synechron Inc., a leading Digital Transformation consulting firm for the financial services industry, today announced the acquisition of Attra, an Australia-based technology services and solutions provider, headquartered in Melbourne, and focused on the banking, finance, and payments industries. Attra is one of the leading pure play payments solutions providers with a global delivery footprint in Australia, New Zealand, North America, Europe, the Middle East, and APAC. It has development centers in Melbourne, Australia; Dubai, UAE; and Bengaluru, Hyderabad, and Pune, India.

Founded in 1995, Attra brings Synechron 25 years of deep domain expertise in providing consulting, application development & maintenance, and quality engineering services to clients worldwide, across the payments value chain. Attra’s comprehensive cards and payments services complement the digital, consulting, and technology services that Synechron currently provides for its clients. Attra’s core offerings span the entire software lifecycle, with end-to-end offerings across four key industry verticals – FI and Payment Companies, Third-party Payment Processors and Payment Gateways, Retailers, and Next-Generation Payments. Synechron will further strengthen its technology capabilities through the addition of Attra’s core technology horizontals focused on Payment & Banking Platforms; Intelligent Automation; IT Infrastructure & Cloud; UI/UX, Mobility & Channels; and Information Management.

Post-acquisition, Attra will retain its brand identity but become a Synechron company. Attra’s global team of around 2,000 technology experts in the banking and payments domains will add to Synechron’s already vast pool of talent. Synechron’s and Attra’s combined global footprint will enable both to further expand its geographic span. This alignment will also enable the co-development of future-looking innovative solutions, both through Synechron’s 13 award-winning global Financial Innovation Labs (FinLabs) and Attra Labs, which prides itself on enabling the future now, by engineering payment solutions and creating tools and processes that shape the evolution of technology.

Terms of the deal have not been disclosed. Avendus Capital is Attra’s financial advisor on this transaction.

Faisal Husain, Co-founder and Chief Executive Officer of Synechron, explained, "We provide our clients with a comprehensive set of digital transformation capabilities and the acquisition of Attra enables us to strengthen our service offerings. Moving forward, our combined workforce will top 10,000 employees and annual revenue of $650M+. The enhanced competencies that Attra brings will allow us to further advance our clients’ banking & digital payment technology services while ensuring regulatory compliance." He added, "Attra’s end-to-end payments technology services will blend nicely with our digital innovation that is at the very core of Synechron’s DNA. We welcome the Attra team into the Synechron family."

Chris van Buuren, CEO of Attra, commented, "The payments industry is experiencing a full-fledged digital transformation that is being fueled by exciting new technology advancements and regulatory and competitive changes. We are very excited to join with the passionate team at Synechron as we continue our mission to be strategic partners with organizations in the financial services industry and empower them with a full suite of digitally-led technology services and solutions in payments." 

This acquisition of Attra marks the second acquisition Synechron has closed in the past six weeks. On October 23, Synechron announced its acquisition of Citihub Digital, a London and New York-based technology consulting firm for the financial services industry. Citihub Digital brought Synechron expert competencies on application modernization, cloud enablement, cybersecurity and operating model transformation. Both acquisitions renew Synechron’s deep commitment to partner with top-notch digital transformation companies and their domain experts in accelerating digital for the entire financial services ecosystem across the globe.

About Synechron

Synechron is a leading Digital Transformation Consulting firm for financial services, Accelerating Digital for financial institutions by providing innovative solutions to the financial services industry through three main business focus areas: Digital, Business Consulting, and Technology. Based in New York, our company has 18 offices around the globe, with over 10,000 employees producing over $650+M in annual revenue. For more information on the company, please visit our website or our LinkedIn community.

About Attra

Attra is a technology services and solutions provider in the banking, cards, and payment domains, with comprehensive expertise and experience spanning 25 years. The company builds strong strategic partnerships with global players in the banking and financial service industry, to provide quality-assured, information-secured consulting, application development, and quality engineering services. It has a global team of around 2,000 domain experts, and sales, marketing, and delivery centers across 13 countries. Please visit the Attra website for more information on the company.

For more information contact:

Atul Tajave
Director-Global Marketing & Communication, Synechron
media@synechron.com

OR

Shashwath Bopaiah
Head of Marketing and Corporate Communications, Attra
media@attra.com.au

 

Related Links :

http://www.synechron.com

PR Newswire

OneConnect Enables Fintech Innovation in Abu Dhabi Global Market’s Digital Lab

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SHENZHEN, China, Dec. 11, 2020 — Leading technology-as-a-service platform provider OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect" or "the Company") was recognized at the recent FinTech Abu Dhabi Festival for its technological support of ADGM Digital Lab, a platform of Abu Dhabi Global Market (ADGM), the award-winning International Financial Center.

In April, OneConnect, an associate company of Ping An Insurance Group, signed a cooperative agreement with ADGM to provide technological support for the construction of ADGM Digital Lab, which is a "digital market" that focuses on financial businesses. The key role of the Digital Lab is to provide a virtual platform and resources such as data, application programming interfaces (APIs), system images and reference architectures. On the platform, financial institutions and Fintech firms can collaborate to implement agile iterations and test for innovative financial solutions.

The technology used by OneConnect to support the construction of ADGM Digital Lab is derived from Gamma O, OneConnect’s own open platform aiming to link developers, Fintech services providers and financial institutions. In addition to sharing advanced technology and Fintech platform, Gamma O also provides a sandbox testing environment to drive the innovative transformation of financial institutions.

"The ADGM Digital Lab provides a secure and reliable digital environment that allows Fintech companies to work with financial institutions to create and test solutions to solve real-world problems," said H.E. Ahmed Ali Al Sayegh, chairman of ADGM, in his remarks at the FinTech Abu Dhabi Festival.

Under the supervision of the central bank and financial institutions in Abu Dhabi, the ADGM Digital Lab enables players in the industry — including financial institutions, startups, regulators, tech vendors, academics, venture capitalists and government entities — to identify and address shared challenges together.

H.E. Al Sayegh said that despite the challenging situation as a result of the pandemic this year, the number of tech start-ups at ADGM grew by 80 per cent to 291 and venture capital activity tripled from the prior year. 

The platform symbolizes the latest development of strategic relationships between OneConnect and ADGM to build a comprehensive digital financial and business services ecosystem. The agreement is expected to bring more business opportunities to Middle East and North African countries along the One Belt One Road initiative and boost the development of local Fintech innovations.

OneConnect is at the forefront of Fintech. As of June 30, OneConnect had obtained 4,327 patents, 945 of which were overseas patents, and served over 50 international customers in over 15 markets.

About OneConnect

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Global utility token OKB teams up with crypto payments service NOWPayments

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VICTORIA, Seychelles, Dec. 10,  2020 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has joined forces with noncustodial crypto payment services provider NOWPayments.The partnership allows holders of OKB — the global utility token issued by the OK Blockchain Foundation — to make fast and easy payments online using their OKB. 

Starting on Dec. 15, 2020, users will be able to exchange their OKB for goods and services from any of the online merchants partnered with NOWPayments.

NOWPayments is a noncustodial crypto payments service that enables businesses to accept instant online payments in 50+ cryptocurrencies, now including OKB. The platform also supports automatic coin conversion, enabling merchants to accept any cryptocurrency of their choice and receive instant payment notifications when they do. By joining forces with OKB, NOWPayments will leverage the OKEx exchange as its main venue to obtain liquidity.

NOWPayments provides merchants with a variety of tools that are designed to make cryptocurrency payment processing easier and faster. Featured among these are its easy-to-use API, invoices, widget, buttons and plugins for WooCommerce, Opencart, WHMCS, Magento 2 and more.

OKEx CEO Jay Hao said in a statement regarding the partnership:

"We are thrilled to continue to provide value to OKB holders and give them more opportunities to spend their OKB in real-world scenarios. NOWPayments is beginning to establish itself as one of the easiest crypto payment platforms for merchants to integrate and it allows its growing partner network to easily accept payments in more than 50 cryptocurrencies." 

He added: "Using OKEx as its main source of liquidity is a great step forward for increasing growth and adoption of NOWPayments, and the value and utility of OKB as well."

This latest partnership creates further opportunities for holders to spend their OKB easily online at a variety of merchants. It also builds on the extensive network of application scenarios that are available to OKB holders, covering a wide range of services from loans and mortgages to tourism and entertainment, trading services to social networking — all available using OKB as payment.

In addition to OKB’s increasing utility outside of the OKEx exchange, OKB holders can also enjoy expanded privileges on the OKEx platform. These include discounted trading fees, exclusive early access to OKEx Jumpstart Mining initiatives, P2P lending, OKB margin trading, OKB Saving and many more.

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.