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PR Newswire

Goldpac receives three 2023 ICMA Élan Awards, demonstrating excellent design and innovation abilities

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Recognized with three awards in 2023

HONG KONG, June 12, 2023 /PRNewswire/ — The 2023 ICMA Élan Awards was officially announced recently, and Goldpac (03315.HK) was again recognized with three awards, demonstrating Goldpac’s world class card design and card technology innovation abilities.

As the most prestigious annual award in the global card industry, the ICMA ÉLAN Awards honors world-class achievements in both card design and technological innovation. As a recipient of multiple ICMA ÉLAN Award over the past several years, Goldpac adds three major awards this year, namely Personalization & Fulfillment – Product, Service or Project – WINNER, Manufacturer – Loyalty, Promotional, Gift Cards – FINALIST, and Personalization & Fulfillment – Product, Service or Project – FINALST.

World-leading design and innovation capabilities

Since its entry in 2004, Goldpac has been recognized with a total of 44 ICMA ÉLAN Awards, making it one of the few Fintech companies that has consistently received multiple ICMA awards. As a global leader in security payment products and total solutions, Goldpac will adhere to the latest trends in the security payment industry, will continuously promote the innovation of craftsmanship and technology, and is committed to creating “high value + high tech” products.

-End-

About Goldpac Group Limited (Stock Code: 03315.HK)

Goldpac, established in 1993, was successfully listed on the Main Board of the Hong Kong Stock Exchange in 2013. As one of the earliest Fintech enterprises in China, with 30 years’ of successful experience and a leading global technology portfolio, Goldpac is committed to its core vision of “Making Transactions More Secure and Convenient”. Goldpac specializes in delivering embedded software and secure payment products and digital equipment for global customers in the field of smart secure payment, and providing data processing services, system platforms and other total solutions for customers in a wide business range including financial, government, healthcare, transportation and retails by leveraging innovative Fintech.

Website: www.goldpac.com
E-mail: goldpac@goldpac.com 

PR Newswire

IMDA Introduces Sustainability Standard for Data Centres operating in Tropical Climates

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  • Standard aims to optimise energy efficiency while operating DCs at higher temperature settings
  • IMDA forges new partnerships to drive global digital sustainability

SINGAPORE, June 9, 2023 /PRNewswire/ — Singapore has launched one of the world’s first standard for optimising energy efficiency for data centres (DCs) in tropical climate countries. Announced by Singapore’s Senior Minister of State, Communications and Information, Dr Janil Puthucheary at ATxEnterprise, the standard comes after a working group comprising domain and technical experts from both industry and academia, as well as government agencies worked on establishing a set of guidelines to enable the operation of DCs at higher temperature settings while optimising energy efficiency. 



DCs are important enablers of the digital economy

DCs are important enablers of the digital economy. However, DCs are also intensive users of resources like land, water, and energy, contributing to our carbon footprint. In a typical data centre, cooling systems account for up to 40% of total energy consumption with many operators choosing to operate their equipment at temperatures of 22°C and below.[1] The cooling of DCs in a warmer tropical climate environment presents additional challenges as more energy is used to operate the cooling systems.

Globally, there is a consensus amongst DC operators on the need to operate their DCs sustainably. There is also increased awareness that it is possible to operate DCs at higher temperatures while achieving optimal results. However, there is a lack of established industry guidelines on how to safely raise DCs’ operating temperatures in a tropical climate, and at higher humidity levels. Singapore’s new standard was developed against this background.

The new standard aims to help DCs develop a roadmap to support the gradual increase in the DC operating temperatures to 26°C and above. This could lead to DCs potentially benefiting from a 2% to 5% cooling energy savings, with every 1°C increase in the DC operating temperature.[2] 

Pushing the envelope of sustainability with green DCs

IMDA’s new standard forms part of the Digital Connectivity Blueprint which was launched on 5 June 2023 by Singapore’s Minister for Communications and Information, Mrs Josephine Teo. The standard for tropical DCs complements other sustainability-related industry standards and best practices that are key in our push for sustainability in Singapore’s ICT ecosystem.

Green Mark Certification

To encourage greater adoption of the standards by the DCs operating in Singapore, IMDA is working with the Building & Construction Authority (BCA) to update the Green Mark scheme for DCs, which sets the energy efficiency and sustainability benchmarks for the DC industry, with this new standard for Tropical DCs.[3]

For more information and purchase of the standards, please visit https://www.singaporestandardseshop.sg/.

[1] https://www.nea.gov.sg/docs/default-source/our-services/energy-efficiency/nea-dc-energy-benchmarking-summary–final-report-(3).pdf

[2] http://www.cs.toronto.edu/~bianca/papers/temperature_cam.pdf

[3] The BCA Green Mark Certification Scheme is designed to evaluate a building’s environmental impact and performance. Buildings can be certified at one of four ratings – Certified, Gold, Gold Plus, Platinum.

For media queries:
CHOO Hong Xian (Mr)
Manager, Communications and Marketing, IMDA
DID: (65) 6955 0221
Email: choo_hong_xian@imda.gov.sg  

PR Newswire

AGM Group Receives Notification from Nasdaq Relating Delayed Filing of Form 20-F

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BEIJING, May 20, 2023 /PRNewswire/ — AGM Group Holdings Inc. (“AGM Group ” or the “Company”) (NASDAQ: AGMH), an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment, today announced that it received a notification letter dated May 17, 2023 (the “Notification Letter”) from Nasdaq notifying that the Company is not in compliance with the requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) since the Company did not timely file its annual report on Form 20-F for the fiscal year ended December 31, 2022 (the “2022 Form 20-F”) with the Securities and Exchange Commission (the “SEC”).

The Notification Letter has no immediate effect on the listing or trading of the Company’s shares on Nasdaq. Pursuant to the Nasdaq Listing Rules, the Company has 60 calendar days from the date of the Notification Letter to submit a plan to regain compliance with Nasdaq Listing Rules (the “Compliance Plan”). If Nasdaq accepts the Compliance Plan, it may grant the Company an extension of up to 180 calendar days or until November 13, 2023, to regain compliance.

AGM Group continues to work diligently to complete the Form 20-F and file it with SEC as soon as reasonably practicable. The Company expects to submit a plan to regain compliance or file its Form 20-F within the timeline prescribed by Nasdaq.

This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a notification of deficiency.

About AGM Group Holdings Inc.

Incorporated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company focusing on providing fintech software services and producing high-performance hardware and computing equipment. AGMH’s mission is to become one of the key participants and contributors in the global fintech and blockchain ecosystem. For more information, please visit www.agmprime.com.

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.

For more information, please contact:

In China:
At the Company:
Email: ir@agmprime.com

Seaquant Consulting
Ms. Kristy Li
Email: kristy@sea-quant.com

Source: AGM Group Holdings Inc.

PR Newswire

Australia’s Most Influential CEO for 2023

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MELBOURNE, Australia, May 19, 2023 /PRNewswire/ — Sri Lankan born, Chamil Fernando, CEO of Alii, has been honoured with the prestigious Most Influential CEO 2023 – Australia award in the accounts payable business category by CEO Monthly in recognition of the remarkable growth and transformative impact he has had on Alii and the business sector in Australia.

Chamil Fernando, CEO, Alii Technology Group Pty Ltd
Chamil Fernando, CEO, Alii Technology Group Pty Ltd

Since taking over the reins in 2021, Alii has experienced unprecedented growth, propelling the company from relative obscurity to becoming one of the most talked-about organisations in the region. Under Fernando’s leadership, Alii has grown over 400% in just over 12 months including a successful Pre-Series A capital round.

Alii’s transformation has been remarkable, marked by numerous achievements and milestones over the last two years. The platform providing a fully automated end-to-end accounts payable automation solution with invoice fraud detection has enabled the company to quadruple its client base in less than 12 months due to the overall efficiencies and time-saving benefits. Under Fernando’s guidance, the company has successfully rebuilt its product, established a robust ecosystem of integration and solution partners, and continue to receive praise and recognition from several satisfied clients.

Fernando’s remarkable journey to becoming the Most Influential CEO 2023 – Australia (Accounts Payable Software) by CEO Monthly is a testament to the extensive experience in executive roles and his exceptional ability to transform businesses within a short timeframe. He attributes Alii’s success to key elements such as having a quality product, fostering a positive company culture, promoting gender balance and equality, developing leadership capabilities, and providing a safe environment for team members to learn and grow. Fernando’s leadership capabilities are widely recognised and has garnered praise for his outstanding contributions to the company’s rapid transformation. 

Mr Fernando shared, “Alii team members have played a crucial role in the company’s success, as it is built on great company culture and values. This recognition is a testament to the hard work and dedication of the entire Alii team. We have fostered a culture of collaboration, innovation, and customer-centricity that has propelled our growth and success. I am immensely proud of what we have achieved, and I am excited about the future of Alii.”

This global recognition alongside other influential CEO’s and businesses further strengthens Alii’s brand and its comprehensive solution offering as the company continues to grow and evolve. With a modern cutting-edge technology used by leading organisations and a steadfast commitment to diversity, inclusivity, and innovation, Alii is poised to reach even greater heights in the future under Fernando’s influential leadership.

About Alii Technology

Alii is the privately owned technology company behind the proprietary software platform that digitises and automates procure-to-pay and accounts payable operations.

With a mission to provide an all-inclusive solution to secure and automate the accounts payable process and allow for inbuilt fraud detection, Alii is used today by leading education institutions, law firms and enterprise organisations across Australia and New Zealand, already helping to safely process more than 1, 000, 000 invoices annually.

With fraud detection and customised workflows and approvals, Alii provides the platform for businesses to engage with a dynamic accounts payable and procure-to-pay automation process to save time, improve visibility and protect the organisation from the risk of fraud.

PR Newswire

OneConnect to Announce First Quarter 2023 Financial Results

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SHENZHEN, China, May 15, 2023 /PRNewswire/ — OneConnect Financial Technology Co., Ltd. (NYSE: OCFT and HKEX: 6638) (“OneConnect” or the “Company”), a leading technology-as-a-service provider for financial institutions in China, today announced that it will release the quarterly results of the Company and its subsidiaries for the three months ended March 31, 2023, and its publication before U.S. markets open on Monday, May 22, 2023. A conference call will follow on the same day.

Date/Time

Monday, May 22, 2023 at 8:00 a.m., U.S. Eastern time
Monday, May 22, 2023 at 8:00 p.m., Hong Kong time

Participant Online Registration Link:

https://www.netroadshow.com/events/login?show=d43a3fd2&confId=50864

The Company’s management will hold an earnings conference call on Monday, May 22, 2023, at 8:00 A.M. U.S. Eastern time or 8:00 P.M. Hong Kong time on the same day. For participants who wish to join the conference, please complete the online registration using the link provided above at least 20 minutes prior to the scheduled call start time. Upon the registration, the participants will receive an email reminder providing the live webcast link as well as the conference call access information including dial-in numbers, an access code and a Pin. For participants who wish to raise queries during the conference, please use the dial-in numbers provided in the email reminder.

The financial results and an archived transcript will be available at OneConnect’s investor relations website at ir.ocft.com.

Investor Relations: 
OCFT IR Team 
OCFT_IR@ocft.com

Media Relations: 
Frank Fu 
pub_jryztppxcb@pingan.com.cn 

Source: OneConnect Financial Technology Co., Ltd.

PR Newswire

Infobird Co., Ltd Announces 1-for-5 Share Consolidation

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BEIJING, May 12, 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 that it plans to implement a 1-for-5 share consolidation of its ordinary shares (the “Share Consolidation”), effective on May 15, 2023.

Beginning with the opening of trading on May 15, 2023, the Company’s ordinary shares will begin trading on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol “IFBD”, but under a new CUSIP number of G47724110. The objective of the Share Consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on the Nasdaq Capital Market.

Upon the effectiveness of the Share Consolidation, every five issued and outstanding ordinary shares of a par value of US$0.005 each will automatically be converted into one issued and outstanding ordinary share of a par value of US$0.025 each. No fractional shares will be issued as a result of the Share Consolidation. Instead, any fractional shares that would have resulted from the Share Consolidation will be rounded up to the next whole number. The Share Consolidation affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s outstanding ordinary shares, except for adjustments that may result from the treatment of fractional shares.

The Share Consolidation was approved by the Company’s board of directors on April 26, 2023 and its shareholders on May 12, 2023. The Company has filed a Fourth Amended and Restated Memorandum and Articles of Association with the Cayman Islands Registrar of Companies.

About Infobird Co., Ltd

Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China. 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

GA technologies and Finatext Launch Embedded Property Insurance on Real Estate Marketplace “RENOSY”

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TOKYO, May 9, 2023 /PRNewswire/ — GA technologies Co., Ltd. (President and CEO: Ryo Higuchi, hereinafter referred to as “GA technologies”) and Finatext Ltd. (President and CEO: Akane Kinoshita, referred to as “Finatext”) have jointly developed a system providing an Embedded Property Insurance product which will be available for purchase by customers via the RENOSY online real estate marketplace*1. And Tokio Marine & Nichido Fire Insurance Co., Ltd. (President: Shinichi Hirose, hereinafter referred to as “TMNF”) will start offering the embedded Property insurance product for those who purchased investment properties at RENOSY from April 2023.

By adding TMNF’s property insurance product for individuals to Inspire*2, the SaaS for insurance business developed by Finatext, and connecting Inspire to RENOSY with APIs, RENOSY can offer its users to purchase property insurance products online, and such users can complete entire investment process from real estate investment planning to purchase properties and insurance at one-stop basis.

GA technologies and Finatext Launch Embedded Property Insurance on Real Estate Marketplace “RENOSY”
GA technologies and Finatext Launch Embedded Property Insurance on Real Estate Marketplace “RENOSY”

1. Background

As technology advances and online business models become more prevalent, customers’ expectations and actual processes for purchasing products and services are changing dramatically. Under these circumstances, an embedded insurance product that incorporates insurance products into actual products and services offered online is attracting attention as a convenient way to purchase an insurance product.

Owners of investment properties are often required to purchase property insurance when securing a loan. Real estate agents have received increasingly more feedback from customers that they want to purchase property insurance in a more convenient way. To meet such needs, GA technologies, which streamlines and digitalizes real estate investment procedures, and Finatext, which provides Inspire, a service that allows for fully digitalized insurance and embedded insurance products, have jointly developed a system providing an Embedded Property Insurance product.

2. Product Features

The partnership between GA technologies and Finatext to create embedded insurance for the online real estate marketplace is the first of its kind in the real estate and insurance industries in Japan*3. The product will provide a seamless customer experience, improve convenience for customers, and prevent customers from suffering uninsured risk. 

  • Purchasing Process on RENOSY Website (Available in Japanese only)

* This is a demonstration of how you select your preferred insurance package on the RENOSY website (available in Japanese only)
* This is a demonstration of how you select your preferred insurance package on the RENOSY website (available in Japanese only)

3. Future Initiatives

GA technologies and Finatext will continue to leverage their respective strengths to further meet the needs of consumers in Japan and globally.

*1: Commenced offering property insurance for owners of investment properties as “embedded insurance,” the first product of its kind in the real estate and insurance industry in Japan.

*2 Inspire is SaaS for insurance business provided by Finatext. For further information, please visit the service website.
https://finatext.com/solution/industry/inspire/

*3 Surveyed by GA technologies, Finatext and TMNF.

* Company names, product/service names, and logos mentioned in this press release are registered trademarks or trademarks of the respective companies.
  • GA technologies Co., Ltd.

Name: GA technologies Co., Ltd. (TSE Growth Market, ticker symbol 3491)
Address of Headquarters: Sumitomo Fudosan Roppongi Grand Tower 40F, 3-2-1 Roppongi, Minato-ku, Tokyo
Representative: Ryo Higuchi, President and Chief Executive Officer
Business: Development and operation of online real estate marketplace “RENOSY,” Development of SaaS type BtoB PropTech products
Established: March 2013

  • Finatext Ltd.

Name: Finatext Ltd.
Address of Headquarters: Sumitomo RD Kudan Bldg. 9F ,1-8-10, Kudankita, Chiyoda-ku, Tokyo, Japan
Representative: Akane Kinoshita, President and Chief Executive Officer
Business: Fintech solution business, big data analytics business, financial infrastructure business
Established: December 2018

CONTACT: Judy Yu, y_yu@ga-tech.co.jp

Source: GA technologies Co., Ltd.

PR Newswire

J&T International Signs Strategic Agreement with HeyTap Technology to Deepen Cooperation in Logistics Financial Services

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GUANGZHOU, China, May 5, 2023 /PRNewswire/ — J&T International, a global provider of integrated logistics solutions, announced a strategic partnership with Shenzhen HeyTap Technology Corp., Ltd. (“HeyTap Technology”) to jointly provide logistics financial services on the 133rd China Import and Export Fair (“Canton Fair”).

The China Import and Export Fair
The China Import and Export Fair

HeyTap Technology is the official partner of OPPO, Realme, and OnePlus among other brands. As part of the partnership, J&T International and HeyTap Technology will introduce an integrated solution of “Logistics + FinTech” that stretches across inclusive finance, digital ecosystem, and international business cooperation. The two parties will carry out comprehensive and in-depth cooperation in various fields to provide value-added logistics financial services in a standardized and efficient manner, promoting inclusive finance in the cross-border logistics ecosystem to benefit upstream and downstream enterprises and accelerate the quality development of the industry.

Signing Ceremony of the Strategic Partnership
Signing Ceremony of the Strategic Partnership

Qin Fang, Head of J&T International Supply Chain, said: “As logistics technology and financial tools continue to advance, logistics finance has become an important area for enterprises to boost their growth potential and competitiveness. The partnership with HeyTap Technology showcases J&T International’s commitment to further enhancing our overall competitiveness. J&T International is dedicated to reducing transaction costs and optimizing efficiency in cross-border logistics, providing better services for customers and enterprises around the world.”

Ge Shen, General Manager of Industrial Finance at HeyTap Technology, said: “We are committed to promoting the integration of digital technology and real economy to deliver digital solutions for supply chain finance, improving the access to finance for more than 40,000 small and medium-sized enterprises (SMEs) nationwide. The partnership with J&T International is a demonstration of our global expansion. By providing innovative financial solutions in cross-border logistics, HeyTap Technology seeks to build win-win cooperation with upstream and downstream enterprises to facilitate the development of the cross-border logistics industry.”

As a leading international logistics service provider under J&T Express, J&T International has been integrating various resources since its inception to connect China to the rest of the world and provide all-encompassing cross-border logistics solutions including collection, international freight forwarding, clearance, warehousing and fulfillment services. Its products and services include B2C cross-border parcel, B2B freight forwarding service, and international warehousing and distribution. J&T International’s self-owned terminal network spans 13 countries and regions in Asia, Latin America, and Africa, and has built overseas warehouses in 9 regions across Southeast Asia, Europe, and the United States.

The signing of this strategic agreement will further expand and deepen the partnership between J&T International and HeyTap technology. Leveraging this opportunity, the two companies will consolidate complementary resources and strengths to build synergy for win-win cooperation. Going forward, J&T International will capitalize on existing global logistics resources in shaping an innovation-driven business model, constantly upgrade product portfolio to facilitate the development of cross-border logistics across the world and maximize value for more customers and partners.

– END –

About J&T International

J&T International is the international logistics arm of J&T Express. With J&T Express’ abundant global logistics resources and strong business network, J&T International’s services cover about 100 countries and regions around the world, including cross-border small parcels, international line-haul transportation, international warehousing solutions. Supporting multiple transportation methods including air, sea, and ground shipping, J&T International is committed to providing customized logistics solutions for all customers.

About HeyTap Digital Technology

HeyTap is a global leader in digital technology services. Our mission is to build powerful digital finance solutions, create shared success with ecosystem partners, and deliver secure finance and consumer services to global users. Using cutting-edge technologies such as artificial intelligence and big data, we are assembling a broad digital ecosystem rooted in openness and interconnectivity.

PR Newswire

The INX Digital Company Reports Q4 2022 Update and Annual Financial Results

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TORONTO, April 1, 2023 /PRNewswire/ — The INX Digital Company, Inc. (NEO: INXD, OTCQB: INXDF, INXATS: INX) (the “Company” or “INX”), the owner of INX.One, security token and digital asset trading platform, a U.S. broker-dealer and an inter-dealer broker (through its subsidiaries), announced annual financial results as of December 31, 2022.

Investment gains/losses for any particular period are not indicative of quarterly business performance. Earnings of The INX Digital Company, Inc. for the third quarter of 2022 are summarized below.

2022 Annual Financial Highlights:

  • Cash and cash equivalents of $20M plus an additional $9.7M invested in short and mid-term duration U.S. treasury securities and investment-grade corporate bonds.
  • Working capital of $26M.
  • Reserve Fund set aside for the protection of customer funds and maintained in addition to operating funds at $36.0M.
  • 2022 revenue at $4.3M year, primarily from transaction fees, an increase in total revenue of 77 percent compared to 2021.
  • 2022 net loss from operations of $16M.

INX reports an annual net income of $208M ($1.02 EPS), which includes an unrealized gain on the INX Tokens issued of $226M and INX Token warrants of $8.3M. Under relevant accounting standards, INX Token and token warrants issued are recognized as a liability on the company’s balance sheet. The company’s adjusted net loss for 2022, excluding INX Token and token warrant liability, is $26M. The adjusted net loss is a non-IFRS measure.

Noteworthy steps and milestones in 2022 are expected to lead the company forward

During 2022, the company has taken significant actions to put in place innovative technology that allow the pioneering of a new and responsible digital economy. Management focused on forging new and strategic global partnerships and advancing multiple initiatives to expand the company’s services, promote brand recognition and drive future revenues.

The company reached a major milestone when it launched INX.One, the world’s first fully regulated platform integrating cryptocurrency and SEC-registered security token trading, investment opportunities in primary security token offerings, and related capital raise services under a single platform available 24/7 to retail and institutional investors in the U.S. and globally. INX.One is integrated with multiple public blockchains through INX proprietary technology and is intended to be blockchain agnostic.

INX’s main focus remains on creating a go-to holistic solution for founders and corporate partners to raise capital utilizing SEC-regulated security tokens.

Taking advantage of the path created by the issuance of the INX Token, since the third quarter of 2022 and to date, INX has launched its capital raise services and brought four (4) primary offerings to market, which are available for investment exclusively on INX.One.

It includes Trucpal, a digital financial and tax software company for logistics-industry-based in China; Advent Entertainment, an entertainment, gaming, and virtual reality company based in Utah, US; Treasure Experience, a virtual marine exploration and treasure hunting company based in Florida, US; and TurnCoin, digital trading cards in talented individuals trading platform company, based in Gibraltar.  After the completion of the primary raises, security tokens in these entities and projects will be listed on INX.One for trading in the secondary market. 

In addition, during 2022, the Millennium Sapphire (“MSTO”) Token was also added for secondary market trading on INX.One. Token holders are entitled to receive dividends from Millennium’s NFT Studio.

Within the cryptocurrency offering, the company offers select digital assets and stablecoins for trading, investing, and funding of accounts. Moreover, the company continues to expand its money transmitter licenses and registrations, allowing the company to offer cryptocurrencies in 43 U.S. states and territories. INX.One also continues to expand its offering to over 160 countries globally.

The company continues to lead in providing solid, sustainable solutions for the future, a critical, much-required effort in today’s climate.

In December 2022, the company announced a strategic partnership with SICPA, a global leader in authentication, revenue realization, and secure traceability solutions, to help governments develop innovative and sovereign central bank digital currency ecosystems. The joint venture, incorporated in Switzerland, combines both blockchain-based infrastructure and digital cash technologies to address the key requirements for Central Bank Digital Currencies, including privacy, security, financial inclusion, resilience, and more – paving the way for the development and launch of a secure and scalable environment for all central banks to deploy digital currencies.

As INX predicted, security tokens are beginning to transform the ownership and trading of assets. The company is geared to provide a secure alternative in its multiple uses, such as recovery security tokens, digital bonds, and tokenized shares. As the market for security tokens continues to grow and rapidly expand across multiple blockchains, the company put efforts and resources into educating people worldwide to provide the required clarity of the new standard.

To execute the long-term vision, during 2022, the company strengthened its senior global leadership by filling a key role within the company, the Chief Financial Officer, who plays a strategic role in advancing the company’s vision and navigating the current market and regulatory environment. The company also expanded its Board of Directors to include two global financial leaders, who themselves made the transition from the traditional to the digital economy and will therefore guide and assist in promoting INX’s mission.

INX CEO Shy Datika: We invest in a solid and secure democratization of finance.
Five years ago, we chose what we knew was right for our future customers—the path that would keep them safe while providing them with a wealth of opportunities.
We knew it would be a bumpy ride and came prepared to realize our forward-looking vision.
The INX way, yet again, proved to be the right one. As industry giants are challenged by regulators, we have armed ourselves with regulations. As investors become more aware and more concerned with the pitfalls of unregulated trading platforms, we can provide a secure and safe harbor. INX puts customers first! We have a fully audited and segregated cash reserve fund as described in our INX Token F-1 prospectus. We maintain 1:1 balances for customers and do not use customer assets. We do not, in any way, shape, or form, leverage or re-invest customer assets. On our INX Securities ATS, customers get full transparency as they control their assets, their keys, and their wallets. We will continue developing new services and technologies to further expand opportunities while keeping our clients safe.

About INX:

INX provides a regulated trading platform for digital securities and cryptocurrencies.  With the combination of traditional markets expertise and a disruptive fintech approach, INX provides state-of-the-art solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance, and technology veterans with the shared vision of redefining the world of capital markets via blockchain technology and innovative regulatory approach.

About The INX Digital Company, Inc. INX is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach. The INX Group’s vision is to be the preferred global regulated hub for digital assets on the blockchain. The INX Group’s overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX Token, in which we raised US$84 million.
The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA.

In addition to operating a regulated trading platform for blockchain assets, INX’s interdealer broker, I.L.S. Brokers, plans to offer non-deliverable cryptocurrency forwards to Tier-1 banks in the future. For more information, please visit the INX Group website here.

Cautionary Note Regarding Forward-Looking Information and Other Disclosures

This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this press release, INX has made certain assumptions, including with respect to, the continuous development of the INX trading platform, the offering of non-deliverable cryptocurrency forwards, and the development of the digital asset industry. Although INX believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to regulatory developments, the state of the digital securities and cryptocurrencies markets, and general economic conditions. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information, or otherwise.

The NEO Exchange is not responsible for the adequacy or accuracy of this press release.‍

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.‍

For further information, contact:
The INX Digital Company, Inc.
Investor Relations
+1 855 657 2314
Email: investorrelations@inx.co

For more information, contact:
Liz Whelan
liz@lwprconsulting.com
(312) 315-0160

Source: The INX Digital Company, Inc.

PR Newswire

App-based remittances win on convenience, security and speed in Asia Pacific: Visa

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New Visa research reveals remittance users in the Philippines and Singapore have overwhelmingly adopted app-based digital payments, with more than half of surveyed users citing ease of use and security as key reasons for going digital

SINGAPORE, March 29, 2023 /PRNewswire/ — Asia Pacific is one of the largest remittance-receiving regions in the world[1] and making up one of the top five recipient countries for remittance inflows is the Philippines[2], with remittances contributing an estimated 9.3% of the market’s GDP in 2021[3]. This signals the importance of remittances as not just a lifeline for everyday needs but also a key economic driver in many markets.

As the amount of global remittance inflows continues to reach new records[4], a new Visa research “Money Travels: 2023 Digital Remittances Adoption” found that 53% of global surveyed remittance users are turning to digital apps to send and receive funds, with users in Singapore (73%) and the Philippines (71%) also overwhelmingly choosing to adopt app-based solutions to do so.

“Fast, easy and secure payments can make a profound difference to families, communities and economies around the world,” said T.R. Ramachandran, Head of New Payment Flows, Asia Pacific, Visa. “This new research shows incredible acceleration of digital payments and how consumer expectations of speed and ease of use is underpinned by the demand for better security.”

Digital remittances win on convenience, security and speed

The Money Travels: 2023 Digital Remittances Adoption study examines consumers’ habits and preferences when sending and receiving money. Highlights of the study include:

  • Digital remittances are the preferred method amongst consumers across all surveyed markets. Between 60-70% of surveyed remittance users across North America have used an app-based digital payment method to send/receive money internationally and this similar trend is observed with Saudi Arabia (69%) and the United Arab Emirates (65%) users. In Asia Pacific, digital solutions also continue to be the preferred choice, with Filipino remittance receivers intending to use digital transfers (57%) and to receive money digitally (36%).
  • App-based digital payments are considered the most secure method by a strong proportion of remittance users across countries. In Singapore, three out of five (61%) surveyed consumers reported using digital-only means for sending money internationally because of ease of use and security (53%).
  • Sending more money, more often, is easier than ever. Over half of those who have sent money internationally do so about once per month or more often in the United Arab Emirates (71%), Saudi Arabia (64%) and the Philippines (48%). Among those who have received money, 80% do so at least a few times per year in Saudi Arabia, followed by the Philippines (77%), and Mexico (72%).

Ramachandran continues, “Remittance habits are also changing with ease of use and better technology – we are seeing remittances being sent and received in less than a day in Asia Pacific, spurring increased frequencies. Beyond livelihoods, we are also seeing more remittances made in support of key life milestones, such as funding college education, making investments for the long term or saving for an overseas property purchase.”

Enabling smarter and faster remittances

Visa works in collaboration with global remitters such as Maya Philippines, Brightwell, Paysend, Western Union and Xoom to help enable efficient money movement through digitised remittances.

“At Maya, we understand the critical role that remittances play in the daily lives of countless Filipinos and their families. That’s why we’re working with companies like Visa to help promote innovative cross-border money transfer services. By leveraging the Maya app, including Maya Bank, to facilitate fast, secure, and low-cost remittance, we’re meeting a vital need in making transactions safer and more convenient,” said Shailesh Baidwan, Maya Group President. 

In conjunction with the study, Visa also launched “Money Travels,” a new podcast series unearthing how payment-related topics unfold differently in various places around the world and highlighting the stories of real people, payment experts and partners. For more information about Visa Direct, please visit: https://usa.visa.com/run-your-business/visa-direct/payment-guides/remittances.html

This survey was conducted by Morning Consult during 14-28 December 2022 among a sample of more than 14,000 remittance senders and receivers across the United States, Canada, Mexico, Peru, France, Poland, Philippines, Singapore, United Arab Emirates and Saudi Arabia.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

Media Contact

Isabell Tay
Visa Worldwide Pte. Ltd
istay@visa.com

Source: Visa Worldwide Pte. Ltd