Tag Archives: FNT

PR Newswire

International Share Trading Platform Moomoo Reveals Investors Were More Cautious in Approach to Investing in 2022

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SYDNEY, Feb. 14, 2023 /PRNewswire/ — A new product report by international share trading platform moomoo reveals its 10 most used features in 2022, among which include the app’s Earnings Calendar and Paper Trading tools.

The product report is conducted annually to evaluate changing global investor behaviours and uses data from moomoo’s Australia, US and Singapore users. The latest report suggests that moomoo users were more cautious when selecting which shares to buy than they were in previous years.

New moomoo report reveals some of the most used and favorite moomoo features in 2022.
New moomoo report reveals some of the most used and favorite moomoo features in 2022.

Moomoo Global Product Manager Shine Deng says the 2022 report shows a significant shift in investors’ risk tolerance.

“In 2021, fast growing companies and emerging industries were highly sought after, however in 2022 investors were more interested in seeking out companies with ample cash flow and stable operational performances,” Deng said.

“We also saw investors use tools to assist with decision making more frequently in 2022, suggesting they were more cautious in their approach to investing in 2022’s bear market than previous years.”

Top 10 Platform Features – moomoo users (Australia, US and Singapore)

Sera McKenna, a moomoo Australia user and full-time mum of four, recommends novice investors use the tools available on the app to help them map out their investment strategy.

Using moomoo’s Industrial Chain and Earnings Calendar features, Sera discovered a connection between rising EV companies and the Australian mining industry.

“Don’t forget the big guys behind the finished products,” McKenna said.

“When everyone is driving electric vehicles, hopefully I have learned and invested enough in the right companies, as we all know the industry is going to explode. I want to build something up for my children.”

Being a customer-focused online trading platform, moomoo is devoted to empowering investors of all kinds to trade like a pro. The report summarizes 20 cases studies that demonstrates how various users leverage the key moomoo features, as well as what they have learned from their past investing experience.

You can see the full user report and find more Mooer stories:
https://ussnsfile.moomoo.com/777770041676359560/mooer%20stories%20behind%2010%20star%20product%20features.pdf

About moomoo AU

Based in Sydney, NSW, Australia, Futu Securities (Australia) Ltd is an indirect and wholly-owned subsidiary of Futu Holdings Ltd, an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform.

Moomoo’s mission is to provide all investors with an intuitive and powerful investing platform, built with proprietary technology. We leverage our deep technological R&D capabilities and future-focused operating model to constantly improve our clients’ experience and drive industry-wide innovation.

Securities services available on the moomoo App are offered by but not limited to the following brokerage firms: Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC); Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS), and Futu Securities International (Hong Kong) Ltd. regulated by the Securities and Futures Commission of Hong Kong (SFC).

Moomoo Financial Inc. is a member of the U.S. Securities Investor Protection Corporation (SIPC). The SIPC provides limited protection over an investor’s U.S. securities and cash when a member brokerage firm is to be liquidated. SIPC does not protect against losses due to market volatility.

Contact: pr@moomoo.com

Source: Futu Securities (Australia) Ltd.

PR Newswire

ClimaFi is fighting greenwashing with the first platform for trading UK woodland and peatland carbon credits built on the Concordium blockchain

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ZUG, Switzerland and LONDON, Feb. 10, 2023 /PRNewswire/ — UK-based climate technology company ClimaFi announces the first trading platform to offer carbon credits from verified UK peatlands and woodlands. CLMT Exchange, a regenerative project built entirely on the Concordium decentralized blockchain, will allow enterprises and organizations to offset their emissions using domestic credits. 

Companies are facing several challenges in the fight against climate change. This includes increasing pressure to publicly disclose their greenhouse gas emissions, as well as recent legislative proposals to pose “dissuasive” penalties on companies making unsubstantiated environmental claims.

As concerns about climate change grow, many companies are taking steps to reduce their carbon footprint. However, not all claims about reducing emissions are genuine, leading to the phenomenon known as greenwashing. One solution to this problem is the use of blockchain for the issuance of verified certificates on emission reductions from peatlands and woodlands.

Peatlands and woodlands are storing at least 550 gigatons of carbon globally, more than twice the carbon stored in all the world’s forests: peatlands cover just 3% of the Earth’s surface but account for the largest terrestrial carbon stock in the world. 

In the UK, peatlands account for almost 10% of total national land, but up to 80% of them are currently in a state of degradation. As they deteriorate, they release 20 million tonnes of CO₂ into the atmosphere every single year, accounting for 4% of the UK’s total annual greenhouse gas emissions. The UK market has around three million hectares of peatland from which to produce carbon credits, thus successfully restoring them (an opportunity worth £2.8 billion a year) could play a vital role in the fight against climate change.

CLMT Exchange offers an opportunity to fuel this transformation by focusing on high-quality carbon credits with the backing of existing government-approved standards agencies such as the Peatland Carbon Code, a voluntary certification standard for UK peatland projects, and the Woodland Carbon Code, a UK quality assurance standard for woodland creation.

A Grantham Research Institute report shows that UK corporations often offset their emissions by buying foreign carbon credits due to a lack of high-quality domestic projects, but by buying carbon credits through CLMT Exchange, companies and investors will be able to secure high-integrity credits and help drive the regeneration of degraded UK peatland. 

CLMT Exchange’s carbon credits help companies offset emissions while facilitating national efforts to meet Article 6 commitments under the terms of the Paris Agreement. Additionally, CLMT Exchange offers the unique opportunity to trade carbon credit pending issuance units on a secondary market, thus providing liquidity and support from investors and traders entering this rapidly growing asset class. 

As the very first marketplace for trading peatland credits, CLMT Exchange will be a unique blockchain-based venue for companies to buy –and most importantly, trust– regional credits, while also increasing demand for high-quality Peatland Carbon Credits alongside national programs. Finally, the program will reinforce the importance of ClimaFi’s forthcoming “Peatland Protocol”, a new, science-based digital methodology (“dMRV”) for accurate and transparent measurement and monitoring of all projects.

As the only layer-1 blockchain with a built-in self-sovereign ID framework, Concordium blockchain plays a vital role in ensuring all the above can be done properly, safely, efficiently and for the betterment of society. The partnership is set to begin immediately, with carbon credits being made available for trading on CLMT Exchange in Q2, 2023. 

Lone Fønss Schrøder, CEO, of Concordium, says: “On the CLMT Exchange, enterprises can offset and regenerate land in close proximity to where they emit by blockchain-based, trusted, verified credits. This creates a tamper-proof record of carbon credits that can be easily audited and verified, and it provides a reliable and trustworthy way to demonstrate a company’s commitment to reducing carbon emissions and combating climate change, reducing the risk of greenwashing and promoting responsible business practices.”

Tim de Rosen, ClimaFi’s CEO and Co-founder says: “We are delighted to be building CLMT Exchange on Concordium. A highly attractive feature of the Concordium blockchain is its regulatory-ready, built-in ID layer.”

Media Contact
Marketing team
marketing@concordium.com

PR Newswire

Gridex Protocol: Integrating First Fully On-chain Order Book For a New Generation of DEX

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LONDON, Feb. 10, 2023 /PRNewswire/ — Gridex Protocol, a cutting-edge decentralized protocol built on the Ethereum mainnet, is pushing the boundaries of what is possible in the DeFi space. Its advanced technology and innovative features are setting a new standard for decentralized trading and driving the decentralization of the financial industry forward.

The Cutting-Edge Features of Gridex protocol

Gridex Protocol supports the trading of ERC20 tokens using its self-developed, revolutionary Grid Order Maker Book (GMOB) model to deliver safe and effective trading with instantaneous speed. Anyone can expand upon the protocol with no extra permissions or smart contracts needed. Based on this model, the Grid Price Linear Movement (GPLM) algorithm handles transaction execution and settlement. The GPLM is designed to reduce the gas consumption running on Ethereum by achieving the same level of resource consumption as the Constant Function Market Maker (CFMM) algorithm.


The self-developed, revolutionary Grid Maker Order Book (GMOB) model and Grid Price Linear Movement (GPLM) algorithm

Gridex Protocol locates the most suitable price for users’ trades from all DEXs on Ethereum, including Uniswap and Sushiswap. Its self-developed GMOB model implements an algorithm that determines the most suitable path and trading amount in less than a second.

Gridex Protocol provides exclusive features like its Maker Orders protocol, allowing traders to place orders of any size and price without fear of slippage or MEV. It enables access to liquidity from other DEXs as well as liquidity pooled from users, granting users a smoother trading experience. Besides, it intends to roll out its protocol on more public chain such as Arbitrum, Optimism, Polygon and BNB Chain for faster, more affordable transactions.

At its core, Gridex Protocol offers an excellent user experience, driving decentralization and transparency throughout the DeFi market. This will make the exchange a key player in DeFi  and cause waves in the space, bringing immense value to the industry and their users in the near future.

Gridex Airdrop

Gridex will launch an airdrop event on February 13th. For more details about the event, please visit our official website and twitter

To stay informed on the latest developments and campaigns for the Gridex project, we recommend visiting our official website and following our social media channels. 

Website: https://gridex.org/   
Whitepaper: https://gridex.org/gridex-whitepaper.pdf   
Twitter: https://twitter.com/gridexprotocol   
Medium: https://blog.gridex.org/

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PR Newswire

Lichen China Limited Announces Closing of US$16 Million Initial Public Offering

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JINJIANG, China, Feb. 9, 2023 /PRNewswire/ — Lichen China Limited (the “Company” or “Lichen China”), a dedicated financial and taxation service provider in China, today announced the pricing of its initial public offering (the “Offering”) of 4,000,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary share. The Class A ordinary shares began trading on the Nasdaq Capital Market on February 6, 2023 under the ticker symbol “LICN.”

The Company received aggregate gross proceeds of US$16 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 Class A ordinary shares at the public offering price, less underwriting discounts.

Proceeds from the Offering will be used to expand the Company’s financial and taxation solution services, strengthen research and development (“R&D”) capabilities and expand self-developed software, improve brand recognition through multi-channel marketing, and working capital and general corporate matters.

The Offering was conducted on a firm commitment basis. Univest Securities, LLC was acting as the sole underwriter and book-running manager for the Offering. Ortoli Rosenstadt LLP was acting as U.S. counsel to the Company, and Hunter Fischer Taubman & Li LLC was acting as U.S. counsel to Univest Securities, LLC in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (“SEC”) (File Number: 333- 264624) and was declared effective by the SEC on February 3, 2023. The Offering was being made only by means of a prospectus, forming a part of the registration statement. Copies of the prospectus relating to the Offering may be obtained from Univest Securities, LLC, by email at info@univest.us, or by standard mail to Univest Securities, LLC, 75 Rockefeller Plaza Suite 18C, New York, NY 10019. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any offer, solicitation or sale of any of the Company’s 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 such state or jurisdiction.

About Lichen China Limited 

Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. In recognition of the Company’s expertise and experience in the financial and taxation solution services industry for over 18 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s use of proceeds from the Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” or similar expressions. The Company undertakes no obligation to update or revise publicly any 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 the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For investor and media inquiries, please contact:

Ascent Investors Relations LLC
Tina Xiao
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com 

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PR Newswire

Lichen China Limited Announces Pricing of US$16 Million Initial Public Offering

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JINJIANG, China, Feb. 6, 2023 /PRNewswire/ — Lichen China Limited (the “Company” or “Lichen China”), a dedicated financial and taxation service provider in China, today announced the pricing of its initial public offering (the “Offering”) of 4,000,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary share. The Class A ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on February 6, 2023 under the ticker symbol “LICN.”

The Company expects to receive aggregate gross proceeds of US$16 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 Class A ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about February 8, 2023, subject to the satisfaction of customary closing conditions.

Proceeds from the Offering will be used to expand the Company’s financial and taxation solution services, strengthen research and development (“R&D”) capabilities and expand self-developed software, improve brand recognition through multi-channel marketing, and working capital and general corporate matters.

The Offering is being conducted on a firm commitment basis. Univest Securities, LLC is acting as the underwriter and book-running manager for the Offering. Ortoli Rosenstadt LLP is acting as U.S. counsel to the Company, and Hunter Fischer Taubman & Li LLC is acting as U.S. counsel to Univest Securities, LLC in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (“SEC”) (File Number: 333- 264624) and was declared effective by the SEC on February 3, 2023. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the prospectus relating to the Offering, when available, may be obtained from Univest Securities, LLC, by email at info@univest.us, or by standard mail to Univest Securities, LLC, 75 Rockefeller Plaza Suite 18C, New York, NY 10019. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any offer, solicitation or sale of any of the Company’s 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 such state or jurisdiction.

About Lichen China Limited 

Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. In recognition of the Company’s expertise and experience in the financial and taxation solution services industry for over 18 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” or similar expressions. The Company undertakes no obligation to update or revise publicly any 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 the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For investor and media inquiries, please contact:

Ascent Investors Relations LLC
Tina Xiao
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com 

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PR Newswire

PINTEC Announces Changes to Management and Board of Directors

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BEIJING, Jan. 28, 2023 /PRNewswire/ — Pintec Technology Holdings Limited (Nasdaq: PT) (“PINTEC” or the “Company”), a leading independent technology platform enabling financial services in China, today announced Mr. Zexiong Huang will be its Chief Executive Officer, acting Chief Financial Officer, and director of the board of directors (the “Board”) of the Company, effective immediately. Mr. Victor Huike Li has resigned from his position as the Company’s Chief Executive Officer, acting Chief Financial Officer, and director for personal reasons on December 27, 2022, with effect from January 27, 2023. In addition, Mr. Zehua Shi, Mr. Jimin Zhuo and Mr. Yong Chen have all resigned from the Board due to personal reasons on December 27, 2022, with effect from January 27, 2023. Their resignations did not result from any disagreement with the Company, its management, the Board, or any committee of the Board, on any matter relating to the Company’s operations, policies or practices. Relevant competent directors and officers have been appointed to fill in their vacancies with effect from January 27, 2023.

Mr. Zexiong Huang has over 10 years of experience in the financial industry as well as the financial services industry, specializing in SME financial services, financing and guarantee, consumer finance, real estate mortgage financing, microfinance, and other financial products. He has held various senior management positions in mainland China and Hong Kong, and has gained comprehensive industry experience in the areas of consulting, business development, financial operations, and management. Mr. Huang was an executive director and the Chief Executive Officer of JIMU GROUP LIMITED (8187.HK) from June 2020 to May 2022. He has been a consultant of the Company’s digital SME business unit since 2021 and has been the executive Vice President of the Group since he joined in 2022. Mr. Huang holds a bachelor’s degree in economics from Yunnan University of Finance and Economics.

The Board of Directors would like to express its sincere gratitude to Mr. Li, Mr. Shi, Mr. Zhuo and Mr. Chen for their contributions, efforts, and dedication over the years. PINTEC has survived and retained its core competencies under both market and regulatory pressures with the outstanding leadership of Mr. Li. The Board and management thank Mr. Li for his contributions to the Company and wish him all the best in the future. Under the leadership of Mr. Huang and a team of experienced industry professionals, PINTEC is well positioned to further optimize its digital MSME eco-enabling products and expand its market leadership position going forward and is confident in the Company’s ability to overcome the current short-term market challenges.

Mr. Zexiong Huang, Chief Executive Officer, acting Chief Financial Officer and director of PINTEC, commented, “We thank Mr. Li for his past contributions to PINTEC as he has worked very hard to help us navigate through a challenging and uncertain market environment and has laid a solid foundation for the future growth of the Company. Currently, we are on track to grow our revenues and reach profitability with our strategic direction as well as our SMB empowerment products. As the business continues to expand, I am confident in the Company’s current management team and its ability to enter new growth cycles down the road.”

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of 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,” “target,” “confident” and similar statements. Among other things, the quotations from management in this announcement, as well as PINTEC’s strategic and operational plans, contain forward-looking statements. PINTEC may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, the Company’s limited operating history, regulatory uncertainties relating to the markets and industries where the Company operates, and the need to further diversify its financial partners, the Company’s reliance on a limited number of business partners, the impact of current or future PRC laws or regulations on wealth management financial products, and the Company’s ability to meet the standards necessary to maintain the listing of its ADSs on the Nasdaq Global Market, including its ability to cure any non-compliance with Nasdaq’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About PINTEC

PINTEC is a leading independent technology platform enabling financial services in China. By connecting business and financial partners on its open platform, PINTEC enables them to provide financial services to end users efficiently and effectively. The Company offers its partners a full suite of customized solutions, ranging from digital retail lending, digital business lending, robotic process automation, to wealth management and insurance products. Leveraging its scalable and reliable technology infrastructure, PINTEC serves a wide range of industry verticals covering online travel, e-commerce, telecommunications, online education, SaaS platforms, financial technology, internet search, and online classifieds and listings, as well as various types of financial partners including banks, brokers, insurance companies, investment funds and trusts, consumer finance companies and other similar institutions.

For further information, please contact:

Pintec Technology Holdings Ltd.
Phone: +86 (10) 8564-3600
E-mail: ir@pintec.com 

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PR Newswire

Nippon Life India Chooses SS&C to Accelerate Expansion in Singapore

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The firm will leverage the SS&C Eze asset management platform to scale Singapore strategy

WINDSOR, Conn., Jan. 23, 2023 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced Nippon Life India Asset Management (Singapore) Pte. Ltd. (Nippon Life India Singapore), the offshore multi-asset, multi-strategy platform of Nippon Life India Asset Management Limited, has transitioned its operations onto the SS&C Eze asset management platform. The firm will now take advantage of the Eze Investment Suite ecosystem for its recently launched Fixed Income ETF, among other funds.

“We were looking for a singular, scalable and robust solution to streamline our front-to-back investment operations and data across asset classes and strategies. Eze’s longstanding reputation, its ability to scale up and its capability in handling the entire investment process made Eze Investment Suite a great choice for our investment operations,” said Abhijit Singh, CEO and Global Head, International Business at Nippon Life India Singapore. “SS&C’s deep experience and capabilities supporting firms similar to ours make them a valuable, trusted partner in our growth strategy. The platform’s expansive capabilities and flexibility will enable our teams to evolve the business seamlessly over time.”

Nippon Life India Singapore manages funds investing in Indian capital markets and UCITS funds for international investors focusing on Indian Equities, Fixed Income, & Alternative assets.

“Nippon Life India Singapore is at an exciting point in their expansion, and we are pleased to be a partner,” said Frank Maltais, Head of Sales, APAC, SS&C Eze. “SS&C focuses on reducing the friction of business data flow by eliminating burdensome paperwork, Excel spreadsheets, manual and double-entry to deliver automated reporting. Our teams have cultivated a strong rapport, which will be crucial to future momentum.”

About Nippon Life India Asset Management (Singapore) Pte. Ltd.

Nippon Life India Asset Management (Singapore) Pte. Ltd. was set up in 2006 as an offshore platform of Nippon Life India Asset Management Limited (“NLIAM”) for international clients. NLIAM is the asset manager of Nippon India Mutual Fund, one of India’s largest mutual fund companies. Nippon Life India Asset Management (Singapore) Pte. Ltd. is regulated by the Monetary Authority of Singapore, and holds a Capital Market Services (“CMS”) license to carry out fund management activities under the Securities and Futures Act (“SFA”) in Singapore.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

SOURCE: SS&C

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on Twitter, LinkedIn and Facebook.

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PR Newswire

Jacobi Inc partnering with Principal Asset Management℠ to digitize and scale fintech-enabled model portfolio offering

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SAN FRANCISCO, Jan. 20, 2023 /PRNewswire/ — Principal Asset ManagementSM has partnered with Jacobi Inc., a global investment technology provider, to scale its fintech-enabled model portfolio offering powered by multi-asset risk analytics and market leading client engagement technology.

With a strong focus on digital transformation, Principal® is empowering advisors with analytics and tools enabling them to ultimately better serve their end clients. Jacobi’s cloud-native technology will provide Principal with a configurable platform enabling more meaningful analysis of portfolios by delivering bespoke, forward-looking and historical analytics in a fully integrated visual environment. Storytelling is central to the investment process and Jacobi’s storyboard and reporting technology supports in-depth analysis of risk and return within a portfolio and the process of communicating its impact on portfolio objectives. 

Mike Casciano, Head of Model Strategy at Principal Asset Management, says:

“Working with Jacobi to create proprietary multi-asset risk analytics will make it easier for advisors to understand how model portfolios will behave in different market conditions. We’re excited to offer advisors access to bespoke, forward-looking and historical analytics.”

Tony Mackenzie, Chief Executive Officer at Jacobi, says:

“It’s very pleasing to work with such a well-regarded asset manager. This partnership with Principal will help them deliver superior analytics and engagement tools to its investment teams and advisors and ultimately better outcomes for the end client. Unsurprisingly, there is strong demand for our technology owing to the increased need for investment firms to scale and connect investment processes and increase the quality of engagement with clients. Jacobi has a global footprint and a strong pipeline – with more new business wins to announce later in the year.”

About Jacobi

Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis and client engagement. Its unique “open architecture” platform allows users to tailor the platform by integrating their own code, models, data, analytics and applications.

Founded in 2014 Jacobi provides its technology to top-tier investors across the globe including some of the world’s leading asset and wealth managers, pension funds, asset owners and investment consultants. 

About Principal Asset ManagementSM

With public and private market capabilities across all asset classes, Principal Asset ManagementSM and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.[1]

Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $484.6 billion in assets[1] and recognized as a “Best Places to Work in Money Management[2]” for 11 consecutive years. Learn more at www.PrincipalAM.com. 

[1] As of September 30, 2022 
[2] Pensions&Investments, “The Best Places to Work in Money Management”, December 12, 2022. 

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PR Newswire

Hedonova enters the renewable energy sector by investing $16M in a Chilean energy storage plant

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  • Total investment of $16M
  • The plant is located 800 kms north of Chile’s capital Santiago in the Atacama region
  • The plant can store up to 2000 megawatts which can serve 80,000 to 100,000 homes

NEW YORK, Dec. 31, 2022 /PRNewswire/ — Hedonova, a US-based hedge fund investing in alternative asset classes like start-ups, real estate, and asset leasing has forayed into the fast-growing energy storage sector by investing $16M in a storage plant in Chile that operates on the CRYOBattery technology. The energy storage plant is located 800 kms north of Chile’s capital Santiago in the Atacama region. The plant uses air liquefaction technology where ambient air is cooled to -196 degrees celsius. The liquefied air is then heated to expand and run turbines to generate electricity. The plant will be operational from January 2023.

The energy storage plant Hedonova has invested in can store up to 2000 megawatts of energy. This can supply electricity to around 80,000 to 100,000 homes in Chile. Chile has enacted a new law on energy storage and electromobility, following its approval in parliament in October. The bill seeks to increase the country’s use of renewable energy particularly through the use of energy storage as a way to get around grid congestion, which currently means that a majority of renewable energy is dumped. According to SP Global, Chile is set to become one of the top 3 exporters of green energy by 2040. Being a hotbed of rich renewable energy sources, Hedonova saw Chile as a fit candidate for lucrative investment opportunities.

Alexander Cavendish, CEO of Hedonova said – “The total investment pipeline of the power plant is $160 million off which we have invested 10%. This is an integrated investment from our real estate and equipment financing portfolios. Hedonova owns the land and has leased it to the power company and has also financed the CRYObatteries. We are also working with Chilean regulators to ensure the plan earns carbon credits that can be sold on the open markets.”

At present, CRYObattery technology has a comparatively smaller footprint than other green energy technologies like solar or wind energy, for instance. However, the technology is scalable with no size limitations or geographic constraints. The list of capabilities it can offer includes voltage control, grid balancing, and synchronous inertia giving grid operators the flexibility to manage power and energy services independently

Apart from Chile, the USA and UK lead in launching and experimenting with CRYObattery initiatives through commercial plants and grid scales.

About Hedonova

Hedonova is an Alternative Investment Fund that holds a diversified portfolio of alternative assets such as non-fungible tokens (NFTs), wine, cryptocurrencies, and real estate. With feeder funds in Switzerland, Luxembourg, Singapore, and India, European and Asian investors can diversify their investments in alternative assets that could conceivably appreciate, from art to wine and sports collectibles could be classified as an alternative investment.

https://www.hedonova.io/

Contact:  media@hedonova.io

PR Newswire

The Leading Fintech Firm NEXGO — Will Attend IBEX India 2023

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MUMBAI, India, Dec. 19, 2022 /PRNewswire/ — NEXGO is thrilled to be a part of IBEX India 2023! For this conference, we prepared a product row. This lovely setup will provide your company with a complete payment ecosystem. The QR code payment cloud speakers, KD58 and KD58C, are unquestionably popular due to their ease of use, convenience, and flexibility. NEXGO cloud speakers are always compatible with QR code payment. Furthermore, NEXGO’s new product KD58-DQR will be showcased at IBEX India 2023.


The 10th edition of IBEX India, India’s most comprehensive Conference, is set to take place from January 19 to 21, 2023, at the Jio Convention Centre in Mumbai. The conference, “BFSI Tech Trends for Collaborative Banking,” organized alongside a large format exhibition provides a platform for all stakeholders in the BFSI (Banking, financial services, and insurance) sector to come together, explore, understand and deliberate on the challenges and opportunities in adapting innovative & future focused BFSI technologies.


NEXGO will also introduce several new payment solutions and hardware products, including the N82 and UN20. The N82 is intended to provide a slim, portable, and fashionable smart POS terminal with high configurations, allowing your customers to have a more enjoyable payment experience. UN20 is an innovative unattended payment terminal that can assist your customers in providing a great self-service experience. It’s easy to integrate into other vending machines and external devices, and it opens a world of possibilities.


FinTech firms are rapidly turning to the cloud to provide effective solutions to businesses and consumers. According to a survey, 87% of businesses intend to accelerate their cloud migration by 2025. As a result, NEXGO CLOUD is what we must meet the market’s requirements. In this case, NEXGO CLOUD will allow FinTech companies to accelerate their business growth.


NEXGO will focus on trending topics in IBEX India 2023, such as financial services, future banking, digitization, fintech ecosystem, technology, innovative digital payment solutions, and so on, as a globally influential fintech enterprise with rapid development for over 20 years. Make plans to attend this fully immersive event that will be of great interest to anyone working in the BFSI Tech and Fintech sectors. NEXGO will be at booth A105a, ready to show you the promising future of cashless payment.

Learn more:
https://www.nexgoglobal.com/

Contact us:
sales@xgd.com