Tag Archives: FNT

PR Newswire

OLIVER WYMAN STRENGTHENS INDONESIA CAPABILITIES WITH SENIOR APPOINTMENT

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JAKARTA, Indonesia, Aug. 14, 2023 /PRNewswire/ — Global management consultancy, Oliver Wyman, today announced the addition of Erik Koenen as a Partner based in Jakarta. With his extensive experience in the Financial Services sector, Erik will collaborate with Oliver Wyman’s Southeast Asia leadership team to enhance the firm’s offerings in Indonesia.

This strategic move represents Oliver Wyman’s commitment to further invest in the Indonesian market. Currently serving a diverse range of clients in the Financial Services, Energy and Natural Resources, and Transportation sectors, the firm aims to deepen its capabilities in Indonesia, specifically in the areas of Digital Transformation (including AI and Advanced Analytics), Climate and Sustainability, Business Performance Improvement, and Enterprise Risk Management.

Seo Young Lee, Partner and Head of Southeast Asia, said: “Indonesia’s robust economic growth[1] and promising outlook have driven demand for Oliver Wyman’s expertise as businesses recover from the pandemic. The addition of Erik to the team, at this inflection point positions us well to meet these growing client needs in Indonesia and the region.”

Erik added: “I have always admired Oliver Wyman and its talented people, who approach challenges with humility and focus, to help organizations navigate complex and unprecedented issues. In Indonesia, I aim to further strengthen the firm’s local strategy and commitment to provide insightful guidance, work alongside our clients, and deliver breakthrough impact.”

With over 25 years of experience, including 16 years in Indonesia, Erik has held senior positions in prominent technology conglomerates, consulting firms, and banks. Prior to joining Oliver Wyman, Erik worked at Google Cloud, where he led the technology strategy targeted at the largest population of digital natives in Southeast Asia.

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 6,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC].  

For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter/X @OliverWyman. 

PR Newswire

Sunyard Android Mobile Terminal i80 Certified by PURE

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HANGZHOU, China, Aug. 11, 2023 /PRNewswire/ — Sunyard Technology, the leading global payment solution provider, announced that its Android Mobile Payment Terminal i80 got PURE certification recently for security priority and authentication. The i80 Android mobile payment terminal is also implemented under all round certification, including PCI PTS 6.x, Visa payWave, Mastercard Contactless, Discover, JCB, Rupay, etc.

Catering to the trend, the operating system of i80 is improved to Android 10. And the functions of fingerprint and dual SIM cards are realized since design to easily expand its business and make valuable contributions to the company’s long-standing collaboration with various partners.

Powered by a customized Android O.S., the i80 is designed with a special security processor and a triple-level PUK system. In this connection, multiple protections, including self-destruction of security, can come in handy to prevent your information from leakage.

For longer operation, trouble-free experience, and more effective performance, the i80 uses a high-capacity battery with low consumption. Tested by authority, the unfailing service of the i80 shall not be less than 150 hours in the normal condition in practice, even equipped with a stunning high-definition 5.5-inch color touchscreen display.

At Sunyard, we’re constantly expanding and evolving our portfolio of products to help you grow your business. Everything we do is backed by the expertise, support, and commitment that you already trust us for.

Our culture of care means we invest time, energy, and resources to develop products you can count on. We care about quality as much as you do. Whether you need advice, more information or to make an order, we’re here to help.

Get in touch:
www.sydtech.com.cn
www.sunyard.com

About Sunyard

Sunyard Technology Co., Ltd, the leading global payment solution provider, is offering cost-effective, superior quality payment terminals and financial software products including payment password system, same-city liquidation system, corporate e-bank system, risk alarm system, etc. As the earliest listed financial IT company in China (SSE Code: 600571), Sunyard has achieved the leading position in the field of financial industry with more than two decades of professional experience. Based on the solid foundation in the domestic market, Sunyard is committed to expanding the international market according to its development strategy.

Contact: info@sunyard.com

PR Newswire

CIB FinTech and Huawei Jointly Win The Asian Banker’s Award for Best Data Infrastructure Implementation in China

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SHENZHEN, China, July 29, 2023 /PRNewswire/ — At the Future of Finance China 2023, the prestigious international finance magazine The Asian Banker unveiled the winners of its Financial Technology Awards this year. Industrial Digital Financial Services Co., Ltd. (CIB FinTech for short) and Huawei Technologies Co., Ltd. (Huawei for short) jointly won Best Data Infrastructure Implementation in China in this category.

CIB FinTech and Huawei Jointly Win The Asian Banker's Award for Best Data Infrastructure Implementation in China.
CIB FinTech and Huawei Jointly Win The Asian Banker’s Award for Best Data Infrastructure Implementation in China.

The financial industry is currently witnessing tremendous inflation regarding the sheer amount of data it produces, and its value is rising with it. Financial institutions now need to obtain and use data in real time, posing higher requirements on data application, governance, and security.

Based on Huawei Financial Data Intelligence Solution that includes software and hardware products like Kunpeng, Kylin, Huawei Cloud, and data lakehouse, CIB FinTech has built an enterprise-level and all-scenario integrated analysis platform. As a self-service, real-time, and intelligent data service technical foundation, the platform consists of data, scheduling, management, and service sub-platforms. It replaces the original data warehouse system and functions as the new core of the group’s data services, improving data services from four aspects.

  1. Strengthens basic data capabilities
    Based on the large-scale distributed computing architecture, the new analysis platform integrates the batch data warehouse, real-time data warehouse, and IoT data warehouse to achieve high scalability and availability. It increases the number of nodes by 12 times and enlarges the high availability space by 20 times.
  2. Better enables data applications
    By building a low-code development platform, the group has created a full-process visualized data relationship graph. This significantly shortens the learning curve and simplifies application construction, speeding up R&D.
  3. Refines data governance and control
    A precise data map is drawn to accurately trace data sources and evaluate data value. Through multidimensional data management, the group can create forward-thinking data management solutions.
  4. Widens data capability sharing
    The group can give tenants access to data storage and computing capabilities, achieving an elastic supply, which allows its business departments to have an optimal experience in the obtaining and usage of data.

The new platform has laid a solid technical basis for the Industrial Bank to better deal with various businesses.

  • Risk control: The platform improves the key report data supply efficiency by 51%, so tens of billions of transactions can be analyzed in seconds. This helps the head office precisely analyze risks and prevent fraud.
  • Marketing: The bank boasts an optimized precise retailing model to cover tens of millions of customers. By building a closed-loop digital marketing process, its marketing campaigns have billions of person-times of interactions each year.
  • Technology: The reuse rate of public interfaces is improved by 10 times, significantly slashing R&D costs. Currently, more than 300 systems have accessed data services.

CIB FinTech and Huawei jointly reconstructed the enterprise-level data platform. Relying on a digital infrastructure that features self-service control, convergent capabilities, and intelligent O&M, the platform increases data asset value, optimizes data service experience, and transforms operational and profit models of banks, thereby enhancing both the customer experience and operational efficiency.

Huawei dives into the data domain and remains committed to exploring new scenarios, while at the same time collaborating with customers and partners to help financial institutions upgrade data and intelligence capabilities. Leveraging its fully-converged cloud-data-AI-computing Financial Data Intelligence Solution, Huawei accelerates the unleashing of data value and helps financial institutions innovate businesses.

For more information about Huawei Financial Data Intelligence Solution, please refer to https://e.huawei.com/en/industries/finance/data-intelligence

CONTACT: hwebgcomms@huawei.com

PR Newswire

SequenceShift Achieves Amazon Connect Ready Designation

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SYDNEY, July 27, 2023 /PRNewswire/ — SequenceShift, a leading provider of Payment Card Industry (PCI) Compliance for Contact Centers, announced today that it has achieved the Amazon Connect Ready designation from Amazon Web Services (AWS). This specialization verifies that SequenceShift’s Amazon Connect software solution adheres to architectural and operational best practices, is being actively utilized by customers in production environments, and customers are eagerly advocating for the solution.

The customer experience (CX) and contact center space are undergoing continuous evolution. To keep up with increasing expectations, businesses are investing in modern technology to automate and optimize processes, delivering increasingly personalized experiences while staying ahead of customer demands. This often necessitates an enhanced approach to contact center technology stacks to meet evolving requirements. With Amazon Connect at the core of these current and future contact center technology investments, Amazon Connect Ready Partners specialize in offering vetted solutions in analytics and reporting, omnichannel customer experience, customer relationship management, outbound communications, and workforce engagement. Current and prospective Amazon Connect customers can turn to SequenceShift with a high degree of confidence in the interoperability of their solutions.

The Amazon Connect Ready designation serves to distinguish AWS Partners that have invested in their solutions, demonstrating the capacity to deploy and operationalize these solutions repeatedly, at scale. Lastly, and most importantly, they have a roster of customers that have successfully deployed the solution on AWS.

“Our solution offers enhanced speed and efficiency,” says the SequenceShift spokesperson. “SequenceShift is proud to achieve the Amazon Connect Ready designation. Our work with AWS allows us to deliver contact center PCI compliance in the most effective way, leveraging the agility, range of services, and pace of innovation that they offer.”

AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To assist the seamless integration and deployment of these solutions, AWS established the AWS Service Ready Program to aid customers in identifying AWS Partners with deep industry experience and expertise.

The Globe and Mail, Canada’s leading news media company, and Collinson, an international leader in customer loyalty and benefits programs, were both able to enhance their customer experiences, streamline operations and optimise their data security by integrating SequenceShift’s solution.

For Chris Barrow, Solution Architect at Collinson, it was “The seamless integration with Amazon Connect and easy integration into Salesforce” that really made the difference.

From Susan Kelly, Vice President Information Technology at The Globe and Mail “SequenceShift fit well into our overall digital transformation plans; cloud based, nimble and fit for purpose. A model of an excellent partnership with an external vendor!”

In both cases, SequenceShift provided an array of impressive benefits, including zero-cost setup, a pay-as-you-go pricing model, successful integration with Amazon Connect in under an hour, and a massive improvement in their PCI compliance status.

The Amazon Connect Ready designation is the latest in a line of successes for SequenceShift, the company’s technology is enhanced in its ability to provide AWS-aligned, pay-as-you-go, self-service, and self-setup PCI compliance. The availability of these capabilities in AWS Marketplace makes it easier for customers to follow safe and familiar procurement models.

About SequenceShift – SequenceShift, a global leader in providing robust PCI compliance solutions for contact centers, is trusted by industry giants such as The Globe and Mail, Collinson, and Global Touring. Its unique product offerings, marked by swift setup, AWS alignment, and PAYG models, make it a preferred choice in the industry.

For more information, contact:

SequenceShift 
communications@sequenceshift.com 
+61 2 9163 3917
LinkedIn
YouTube
Twitter
Website

PR Newswire

Dunxin Financial Holdings Announces Pricing of $1.09 Million Registered Direct Offering

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WUHAN, China, July 26, 2023 /PRNewswire/ — Dunxin Financial Holdings Limited (“Dunxin” or the “Company”) (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises (“SMEs”) in Hubei Province, China, today announced that it entered into a securities purchase agreement with an institutional investors to purchase $1.09 million worth of its American Depositary Shares (“ADS”) in a registered direct offering.

Under the terms of the securities purchase agreement, the Company has agreed to sell 1.09 million ADS at a price of $1.00 per ADS.

The gross proceeds to the Company from the registered direct offering are estimated to be $1.09 million, before deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about July 28, 2023, subject to the satisfaction of customary closing conditions.

Spartan Capital Securities LLC, is acting as exclusive placement agent for the offering.

The proposed offering of the ADS described above is being offered by the Company pursuant to a “shelf” registration statement on Form F-3 (File No. 333-264179) filed with the Securities and Exchange Commission (“SEC”) and declared effective by the SEC on August 8, 2022, and the accompanying prospectus contained therein.

The offering is being made only by means of a prospectus supplement and accompanying prospectus. A prospectus supplement describing the terms of the public offering will be filed with the SEC and will form a part of the effective registration statement.

Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained, when available, on the SEC’s website at http://www.sec.gov or from Spartan Capital Securities, LLC, 45 Broadway, New York, NY 10006 or telephone at (877) 772-7818.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Dunxin Financial Holdings Limited

Dunxin is a licensed microfinance lender serving individuals and SMEs in Hubei Province, China. Dunxin suspended offering loans to its customers since 2020 and is exploring new business opportunities based on Metaverse related technologies.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

PR Newswire

Infobird to Expand Global Presence with Relocation of Operations to Hong Kong

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BEIJING, July 20, 2023 /PRNewswire/ — Infobird Co., Ltd (Nasdaq: IFBD) (“Infobird” or the “Company”), a software-as-a-service provider of AI-powered customer engagement solutions in China, today announced its decision to relocate its operations from Beijing to the Hong Kong Special Administrative Region. This strategic move comes in response to the board of directors’ judgement of current business situation and economic environment, as well as the Company’s commitment to expand globally.

Infobird will relocate its operations to Hong Kong and recruit more local employees in the region. Additionally, Infobird plans to proactively expand its presence in the global market and cater to the diverse needs of customers worldwide by establishing new offices in other key locations such as Singapore, other parts of Southeast Asia, and Europe. The relocation represents a significant step of the Company towards becoming a global player in the software-as-a-service (“SaaS”) industry.

As part of its growth strategy, the Company will expand its business to focus on the SaaS segmented scenarios, particularly in the fields of finance, real estate and hotel management. By shifting its focus to high-margin market segments, Infobird aims to enhance its competitive advantage and generate positive cash flow.

Mr. Cheuk Yee Li, CEO of Infobird, commented, “Our relocation to Hong Kong marks a significant milestone for Infobird as we embark on an exciting journey towards global expansion. We are confident that this strategic move will enable us to better serve our international clientele and pave the way for innovations.”

In line with its global expansion plans, Infobird plans to actively seek strategic investments to fuel its growth and innovation and establish global research and development centers to drive continuous advancements in its technology and product offerings.

About Infobird Co., Ltd

Infobird, headquartered in Hong Kong, is a SaaS provider of AI-powered customer engagement solutions. For more information, visit Infobird’s website at www.Infobird.com. 

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans”, “will,” “future,” “expects,” “believes,” and “intends,” or similar expressions, are intended to identify forward-looking statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events, results, conditions or performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date they are made. In evaluating such statements, investors and prospective investors should review carefully various risks and uncertainties and other matters identified in the Company’s filings with the U.S. Securities and Exchange Commission. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

PR Newswire

Dunxin Financial Holdings Limited Announces Planned ADS Ratio Change

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WUHAN, China, July 15, 2023 /PRNewswire/ — Dunxin Financial Holdings Limited (“Dunxin” or the “Company”) (NYSE American: DXF), a licensed microfinance lender servicing individuals and small and medium enterprises (“SMEs”) in Hubei Province, China, today announced that it plans to change the ratio of its American depositary shares (“ADSs”) from one (1) ADS representing forty eight (48) ordinary shares to one (1) ADS representing four hundred and eighty (480) ordinary shares.

There will be no change to the Company’s ordinary shares. The effect of the ratio change on the ADS trading price on the NYSE American (the “NYSE American”) is expected to take place at the open of trading on July 25, 2023 (U.S. Eastern Time). ADS holders of record on the effective date will need to surrender their ADS to the depositary bank for cancellation and exchange in connection with the ADS ratio change, with further details to be provided in the notice by the depositary bank. As of the effective date for the ADS ratio change, DXF’s ADSs will continue to be traded on the NYSE American under the symbol “DXF”.

No fractional new ADSs will be issued in connection with the change in the ADS ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS holders by the depositary bank.

As a result of the change in the ADS ratio, the ADS price is expected to increase proportionally, although the Company can give no assurance that the ADS price after the change in the ADS ratio will be equal to or greater than the ADS price on a  proportionate basis.

About Dunxin Financial Holdings Limited

Dunxin is a licensed microfinance lender serving individuals and SMEs in Hubei Province, China. Dunxin suspended offering loans to its customers since 2020.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

PR Newswire

Modernising Philanthropy: Kidney Dialysis Foundation Embraces Technology with over 50 GivePlease Donation Terminals Islandwide for Flag Day Fundraising

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Changing the fundraising landscape, one donation terminal at a time.  

SINGAPORE, July 14, 2023 /PRNewswire/ — The Kidney Dialysis Foundation (KDF) is set to revolutionise its annual Flag Day event on 15 July 2023 by introducing over 50 cutting-edge GivePlease donation terminals alongside traditional donation tins. This initiative demonstrates KDF’s commitment to embracing technology and providing a seamless, convenient, and secure donation experience for donors.

Figure 1: An example of a KDF GivePlease Donation Terminal that will be held by KDF staff and volunteers stationed islandwide on Flag Day. Photo courtesy of Kidney Dialysis Foundation.
Figure 1: An example of a KDF GivePlease Donation Terminal that will be held by KDF staff and volunteers stationed islandwide on Flag Day. Photo courtesy of Kidney Dialysis Foundation.

Flag Day holds immense significance for KDF, with volunteers and donors traditionally contributing through donation tins. While KDF recognises the enduring impact of these traditional methods, the foundation is taking a leap forward to meet the evolving preferences of donors, particularly the tech-savvy audience, by incorporating GivePlease donation terminals into the event. 

GivePlease donation terminals provide a modern and intuitive platform, designed specifically for donors who prefer seamless digital transactions. Developed with a built-in secure payment engine and innovative integration to GovTech Singpass, donors can effortlessly submit their particulars via Singpass QR code scanning and receive tax deduction benefits after giving to KDF. These state-of-the-art terminals will be strategically placed at various locations, making it easier than ever for individuals to contribute to KDF’s cause.

Mr. Raymond Lim, General Manager of the Kidney Dialysis Foundation, expressed his enthusiasm for the initiative, stating, “The introduction of GivePlease donation terminals during Flag Day signifies our unwavering commitment to innovation and exploring new avenues for fundraising.”

“This initiative reflects our commitment to embrace innovation and cater to the evolving preferences of our supporters. By blending technology with tradition, we are transforming the way people donate and ensuring that every contribution makes a meaningful difference in the lives of kidney patients,” he added.

With the adoption of GivePlease donation terminals, KDF aims to harness the power of technology and tap into the digital landscape to raise funds to help provide affordable and quality care for kidney patients. 

As Flag Day approaches, KDF invites individuals from all walks of life to participate in this remarkable event and contribute to the well-being of kidney patients in Singapore. Whether donors choose the convenience of the GivePlease donation terminals or the familiarity of the donation tins, every contribution counts and creates a significant impact on the lives of those affected by kidney disease.

The Flag Day event will be held on 15 July 2023, with a fundraising goal of $50,000 for needy kidney patients in Singapore. Funds raised will go into providing underprivileged kidney patients with treatments, medication, transport, and holistic care, as well as support the Foundation’s outreach efforts to increase awareness of kidney health. 

Members of the public can also contribute to this meaningful cause by visiting this link at
https://www.giving.sg/kidney-dialysis-foundation/kdffd23.

Appendix: GivePlease Donation Terminals

About Kidney Dialysis Foundation Singapore

Established in 1996, the Kidney Dialysis Foundation (KDF) is a company limited by guarantee. It is registered as a charity under the Charities Act 1994 and is governed and monitored by our Charity Sector Administrator, the Ministry of Health on behalf of the Commissioner of Charities. KDF is also an Institution of Public Character (IPC) charity organisation dedicated to providing subsidised dialysis treatments and holistic care to needy members of the community.

Kidney patients at KDF belong to the lowest 10% income group in Singapore, more than half of whom have a monthly per capita income (PCI) of $1,200 and below. Without subsidies, dialysis fees can set a patient back by more than $2,000 monthly. To date, KDF has served more than 950 patients, granting needy end-stage kidney patients a new lease of life through quality treatment and holistic care.

For more information about the Foundation, please visit https://www.kdf.org.sg/

About GivePlease

GivePlease is a leading Singapore-based fintech firm, at the forefront of seamless digital giving technology. With its ground-breaking on-demand donation platforms, GivePlease is transforming the experience of giving, combining digital and physical infrastructure to embed donation access points into people’s daily lives. By partnering with charities and religious organisations, GivePlease brings trust, transparency and a modernised donation experience that fosters increased generosity.

GivePlease builds technology for good and business for purpose. When donating is made easy and part of daily life, the world benefits and change is created. 

For more information, please visit www.giveplease.sg

For Media Enquiries,

Bellamy Leong (Mr.)
Donor Relations and Communications Executive
Kidney Dialysis Foundation
Tel: +65 98147598
Email: bellamy.leong@kdf.org.sg

Vincent Phua (Mr.)
Community and Partnerships Lead
GivePlease
Tel: +65 90406645        
Email: vincent.phua@giveplease.sg

PR Newswire

ACAMS Launches Korea Chapter, Announces CAMS Korean Scholarship Winners

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The new chapter for AFC professionals comes as part of ACAMS’ ongoing commitment to support the fight against illicit finance throughout Korea

WASHINGTON, June 29, 2023 /PRNewswire/ — ACAMS, a leading global membership organization dedicated to ending illicit finance, is strengthening its support for anti-financial crime professionals in Korea with the creation of a new ACAMS chapter and a scholarship program for Korean anti-financial crime (AFC) professionals. The new chapter—the 64th in the ACAMS network—will serve as a platform for ongoing education, knowledge-sharing, and networking for AFC practitioners engaged in financial-crime prevention in Korea’s public and private sectors.

Attended by AFC professionals from Korea, the launch in Seoul featured opening remarks by Korean Member of Parliament Yun ChangHyun and a special keynote address by Joshua Johnson, Senior Sanctions Coordinator for the Office of Economic Sanctions Policy and Implementation at the U.S. Department of State.

As part of the launch, the chapter convened a panel of experts to discuss building public-private partnerships to fight illicit finance, featuring speakers Ryu YoungHo, Team Leader at the Financial Supervisory Service (FSS), Kendrick Yeung, Deputy Attaché for U.S. Homeland Security Investigations (HSI) at the U.S. Embassy in Seoul, Jean Chung Managing Director, Regional Head, CFCC Advisory, at Standard Chartered, and Hwang SeokJin, a professor at Dongkuk University.

At the event, ACAMS separately announced 6 winners of the CAMS Scholarship for Korean compliance practitioners in the AFC space. In addition to receiving a one-year membership to ACAMS, the scholarship winners will seek to become Certified Anti-Money Laundering Specialists (CAMS) with a full waiver of associated fees for study materials.

Widely viewed as the global gold standard certification for anti-money laundering (AML) professionals, the CAMS program trains applicants on the international standards for detecting, investigating, and reporting suspicious financial activity and illicit money flows.

“As a platform for cross-sector collaboration in the AFC space, our chapters reflect the core belief of ACAMS that we are more effective in preventing illicit finance when we work together,” said ACAMS COO Mariah Gause. “The new ACAMS Korea Chapter will help drive conversations on how to fight financial crime more effectively and foster a community of dedicated AFC professionals who will share best practices on safeguarding the financial sector and saving lives.”

“We’re also proud to award our CAMS Scholarship to 6 remarkable Korean professionals to support their compliance journeys,” she said. “As our first scholarship designed for a national market, this initiative reflects the commitment shared by ACAMS and the recipients to prevent criminals from exploiting Korea’s private sector. We look forward to seeing what the future holds for these talented scholarship recipients.”

Find out more about the ACAMS Korea Chapter, including how to join, here: https://www.acams.org/en/chapters/apac/korea-chapter

Learn more about the CAMS Scholarship program and the new winners here: https://www.acams.org/en/resources/diversity-equity-inclusion/scholarships

About ACAMS®

ACAMS is a leading international membership organization dedicated to providing opportunities for anti-financial crime (AFC) education, best practices, and peer-to-peer networking to AFC professionals globally. With over 100,000 members across 180 jurisdictions, ACAMS is committed to the mission of ending financial crime through the provision of anti-money laundering/counterterrorism-financing and sanctions knowledge-sharing, thought leadership, risk-mitigation services, ESG initiatives, and platforms for public-private dialogue. The association’s CAMS certification is the gold- standard qualification for AFC professionals, while its CGSS and CCAS certifications are for sanctions professionals and AFC practitioners working in the crypto space, respectively. ACAMS’ 60+ Chapters globally further amplify the association’s mission through training and networking initiatives. Visit acams.org for more information.

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PalmPay celebrates 25 million user milestone in Nigeria, network of 800,000 mobile money agents and merchants

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LAGOS, Nigeria, June 28, 2023 /PRNewswire/ — PalmPay, a pioneering Africa-focused fintech platform, celebrates a significant landmark in its journey, marking 25 million users on its app and an extensive network of 500,000 mobile money agents and 300,000 merchants in its payments ecosystem.

PalmPay executives at the Media Parley in Lagos
PalmPay executives at the Media Parley in Lagos

This rapid growth within just four years of its market entry in Nigeria is testament to the company’s robust strategy centered on offering secure, user-friendly and inclusive financial services.

“We are proud to be a driving force of financial inclusion and cashless payment adoption in Nigeria.”, stated Sofia Zab, Global CMO of PalmPay. “PalmPay’s growth validates our approach and illustrates the increasing demand for innovative fintech solutions that address the unique needs of Africa’s underserved population.”

PalmPay’s user-friendly application simplifies digital transactions, making them swift and convenient. This has driven a shift in consumer behaviour from cash to digital payments. Today, the company processes more than 5 billion USD per month.

The PalmPay app offers a comprehensive suite of financial services that empower its customers with tools to manage their finances in one place.

This week, the company is launching its savings service, which include a 20% annual interest savings plan available to all users. The fintech also provides banking services for businesses, equipping them with dedicated apps, web portal and POS.

PalmPay’s efforts in promoting financial inclusion have been notably impactful, with around 30% of its users stating that their first-ever financial account was created on the app.

Its expansive network of mobile money agents help users deposit and withdraw money and guide consumers on how to use the PalmPay app. Its agents also serve consumers who do not have access to smartphones by transacting on their behalf, thereby extending access to PalmPay’s services to millions of additional people.

The company’s success in Nigeria has been propelled by its proprietary payment infrastructure, which offers unmatched reliability in a market that has long grappled with unstable financial systems. The platform boasts a 99.5% 10-second transaction success rate, distinguishing PalmPay in a highly competitive fintech space.

“PalmPay is more than a digital wallet – we are building a comprehensive platform to offer consumers all the tools they need to thrive financially. As we move forward, our aim is to become Africa’s financial superapp. “, added Zab. “Our partners benefit from our robust payment infrastructure and data-driven approach, which enables us to connect their offerings directly to their target customers, fostering mutual growth within our digital ecosystem.”

The company’s next strategic step is to bridge the gap between consumers and businesses by digitising merchant payments. PalmPay is onboarding tens of thousands of offline retailers every month, many of whom are spurred to join the platform following requests from its customers who want to be able to pay with transfer.

“The consumer base has now become one of the major driving forces of wider cashless adoption in the Nigerian payments ecosystem”, said Chika Nwosu, PalmPay Nigeria Managing Director, “We see an enormous potential in digitising payments for the retail and informal economy, which reduces their cost of doing business and helps them build the digital track record to qualify for credit and other financial services.”

Looking ahead, PalmPay is extending its operations to more countries and plans to offer cross-border transactions in future. The company is already piloting services in Ghana and is preparing launch plans for several other African markets.

About PalmPay

PalmPay is a leading Africa-focused fintech platform committed to driving economic empowerment across the continent. Through its secure, user-friendly and inclusive suite of financial services, PalmPay brings top-tier products into the pockets of everyday Nigerians.

PalmPay offers money transfers, bill payments, credit services and savings on its app and via its network of 500,000 mobile money agents.

Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to 25 million users. Over 300,000 merchants are part of its cashless payment ecosystem.The company has raised $140m USD.

The PalmPay app is available on Google Play Store and iOS App Store in Nigeria and Ghana, with more markets going live in 2023.