Category: Banking

GenTwo partners with Apex Group’s EDB for global banking and paying agency solutions

European Depositary Bank (“EDB”), the Luxembourg- based provider of banking, paying agency, depositary and custody solutions, and innovative securitization specialist GenTwo, announce their partnership to provide GenTwo with paying agent and banking services for third party investors globally.

Zurich-based GenTwo creates securitization platforms for asset managers, banks, family offices and venture capital investors, enabling professional investors to easily invest in bankable and previously non-bankable assets. Institutional investors can use GenTwo’s securitization solution to realize their own product and business innovations, to make any type of assets investable and to help shape new, sustainable markets.

GenTwo’s partnership with Apex Group’s EDB, expands GenTwo’s offering with the provision of XS ISINs, marking another unique offering from GenTwo’s securitization platform business and an important step on the way towards global reach.

This partnership will provide GenTwo’s clients with bank accounts and paying agency services for notes issued via international clearing systems Clearstream SA and Euroclear. These services will be delivered by EDB, which offers traditional and digital banking services, as well as paying agency, registrar and transfer agency services to institutional investors and asset managers worldwide.

As part of global financial services provider Apex Group, EDB is one of the largest independent providers of depositary services in Europe for regulated UCITS and alternative funds, withover $160bn of Assets under Depositary (as of September 30, 2022). This latest news follows the recent appointment of David Claus as CEO of EDB (bit.ly/3hp25qA), and the roll out of Digital Banking (bit.ly/3hp25qA) services for institutional clients.

Philippe A. Naegeli, CEO and Co-Founder at GenTwo comments: “The partnership with Apex Group’s EDB serves as important next step and catalyst to excel our successful service offering ‘making all assets bankable’ on a global scale, expanding our Ecosystem and the investment universe of our clients.”

Cornelia Wallner, Global Head of Capital Markets Sales at Apex Group adds: “Free from institutional influences, EDB’s agile and responsive banking capabilities help to set Apex Group apart, offering clients a large variety of solutions, available globally and underpinned by leading technology platforms and knowledgeable local teams. GenTwo continues to innovate, providing investors with access to new asset types and pioneering transformation in the market for alternative and digital investment products. We lookforward to supporting GenTwo’s domestic and international clients with our banking and paying agency services as they continue to grow their global footprint.”

About GenTwo

Zurich-based innovative securitization specialist GenTwo has invented a new generation of financial products. The company creates securitization platforms for asset managers, banks, family offices and venture capital investors, enabling professional investors to easily invest in bankable and previously non-bankable assets. The focus on off-balance sheet investment products solves the problem of declining margins and growth barriers for many financial market participants. New performance potential emerges through granting access to a theoretically unlimited world of asset classes. Institutional investors can use GenTwo’s securitization solution to realize their own product and business innovations, to make any type of assets investable and to help shape new, sustainable markets via Swiss ISIN and XS ISIN. Private investors in Switzerland can as well benefit from these innovative products via their financial intermediaries.
www.gentwo.com

Press Contact GenTwo:
Simone C. Drill, CMO
media@gentwo.com I +41 79 207 33 49

About European Depositary Bank

European Depositary Bank (“EDB”) was founded in 1973 in Luxembourg. It was originally established as a subsidiary of Hamburg based private bank M.M.Warburg & CO (AG & CO) KGaA and was acquired by Apex Group Ltd (“Apex”) in 2019. EDB is supported by Apex’s strong global network of over 50 offices worldwide in addition to its extensive European presence with circa 2,000 employees across the region and is one of the largest providers of depositary services in Europe for regulated UCITS and alternative funds with over $160.6bn Assets under Depositary (as of September 30, 2022). www.europeandepositarybank.com

Press contact Apex Group:
Antonia Powell, Head of Media Relations
Antonia.powell@apexfs.com | +44 (0)77 8990 2279

Digital Treasures Center Trailblazing in Physical Cryptocurrency Transactions

Digital Treasures Center (DTC), a web2.0 and web3.0 payment service provider, has achieved multiple firsts since obtaining the full payment licenses from the Monetary Authority of Singapore (MAS) in August 2022.

  1. The fintech is the first payment company to launch a point of sale (POS) machine in Singapore to accept cryptocurrencies.
  2. DTC’s Chief Operating Officer El Lee is the first home-grown Singapore entrepreneur to receive the Top 10 Fintech Leaders award three times.
  3. DTC is the first fully licensed crypto currency payment company in Asia to be selected for Mastercard’s Start Path global startup engagement program.

First POS machine to accept cryptocurrencies in Singapore

DTC became the first MAS regulated major payment company to launch a point of service (POS) machine for physical cryptocurrency transactions in Singapore at the Singapore Fintech Festival.

“The DTC team has worked hard to ensure that merchants can seamlessly accept crypto in their physical stores. Now consumers can pay via cryptocurrencies at physical store through our POS machine seamlessly,” said Alice Liu, Chief Executive Officer and Co-founder of DTC.

With a POS machine, DTC is empowering merchants to easily accept cryptocurrency payment and receive fiat payout in Singapore Dollar or US Dollar. This allows merchants to see almost immediate transfer with transaction fees that is much lower than typical credit cards.

Retailers that are already using DTC’s service to accept cryptocurrency payment include 35A Scotts, a private club house; H2 Hub, a watch retailer with multiple outlets around Singapore; and Lumin Eye Specialist, which provides holistic ophthalmology services, GL Auto and F1 Auto, which are premium car dealers in Singapore.

Currently, DTC accepts Bitcoin (BTC), Ethereum (ETH), USD Tether (USDT) and USD Coin (USDC).

First home-grown Singapore entrepreneur to be a 3rd time winner of the Top 10 Fintech Leaders award

Second, El Lee, Chief Operating Officer and Co-founder of DTC became the first home-grown Singapore entrepreneur to win the coveted Top 10 Fintech Leaders award for the third time at the Singapore Fintech Festival 2022 in recognition of his leadership in driving the company in the frontier at the cryptocurrency payment space in Singapore.

From left to right: Richmond Teo from Paxos presenting El Lee, Chief Operating Officer of Digital Treasures Center, the Top 10 Fintech Leaders award during Singapore Fintech Festival.

Since receiving the MPI license in August, DTC has gone from strength to strength. In addition to launching the first POS machine to accept crypto transactions physically, DTC has also launched DTC Wallet on Apple Store and Google Play. The fintech is also enhancing the onboarding process to allow for online and near real-time onboarding.

“I am grateful for the continued recognition as one of the top 10 Fintech Leaders, having strived to improve the blockchain and financial industry.” El said. “The award also belongs to our team that worked very hard. DTC is the only MAS regulated payment company that has product for both consumer and merchant, and solution for both online and in-store payment, with card, fiat and crypto payment processing capability!”

First fully licensed cryptocurrency payment company in Asia to be selected for this year Mastercard Start Path program

DTC is the only Asia-based company to be selected for this year Mastercard Start Path. Founded in 2014, Start Path has engaged 350 startups globally. Approximately 1,500 startups annually are evaluated for entry to the program with a 2% acceptance rate. Through the Mastercard Start Path Crypto program, high-potential Web3 startups receive the opportunity to co-create and innovate, gain customized expertise from Mastercard, and access a diverse customer base through the company’s global scale.

“We are excited to be part of this prestigious Start Path program by Mastercard and we believe there is great synergy between DTC, Mastercard and its ecosystem. As DTC build the next generation payment solution to bring crypto, cash, card together into a single platform, card players like Mastercard are key strategic partners for us and we look forward to learning and working with the Mastercard team,” said El.

For more information about the Start Program this year, please refer to the Mastercard announcement: https://mstr.cd/3tdqySu

About Digital Treasures Center

Digital Treasures Center Pte Ltd (“DTC”) is an enterprise payment service provider incorporated in Singapore with PCI-DSS level 1 certification and winner of the prestigious Fintech Partner Award at Singapore Fintech Festival. Our payment solution – DTC Pay, offers clients and merchants the ability to receive and settle payment, including cryptocurrency. DTC Pay is compliant, fast, secure and cost efficient. DTC is dedicated to building the payment infrastructure that would allow merchants and consumers to interact with fiat and cryptocurrency seamlessly.

Find out more at www.dtcpayment.com

For media related queries, please contact:
Mr. Desmond Yong
Email: desmond.yong@dtcpayment.com
Mobile: +65 9794 1679

Leading Crypto Market Intelligence Provider Glassnode Acquires Crypto Portfolio Tracking Tax Platform Accointing

Glassnode, the global leader in on-chain and market data intelligence, has acquired the popular crypto tax and portfolio tracking platform Accointing.com. This acquisition combines the services provided by both companies bringing users more value than ever before.

Glassnode provides digital asset traders and investors with a comprehensive market intelligence suite, encompassing cutting-edge metrics across on-chain and crypto-financial data, delivered through intelligible and actionable charts. Glassnode’s intelligence and insights are utilized by hundreds of thousands of investors daily, helping them navigate the intricate complexities of the crypto space. Glassnode’s ultimate mission – to build crypto’s leading market and portfolio intelligence platform that empowers investors to compound and protect their digital assets – is now one significant step closer to fruition thanks to the recent acquisition of Accointing.com. Glassnode users can now take advantage of Accointing.com’s conveniently contextualized, holistic view of their portfolio assets across wallets and exchanges, as well as Accointing.com’s automated crypto tax compliance and reporting features.

“Accointing.com is one of the industry’s leading tax and portfolio tracking platforms with hundreds of thousands of users on web and mobile. Its precise tracking and tax reporting capabilities across decentralized and centralized services have made it a perfect companion for our path forward,” said the Glassnode Team.

With the integration of Accointing.com, users now have the ability to track their portfolio in a single holistic view, empowering investors to understand tradeoffs between new profitable opportunities, existing portfolio positions, and tax-optimized trades. Integrating Accointing.com’s product lines with Glassnode will ultimately unlock the true value of market intelligence by contextualizing insights to users’ portfolios and helping them maximize their ROI.

In the coming months, Glassnode will combine the entire user journey – from market intelligence over portfolio management to tax-reporting compliance – in a single platform. While currently, the portfolio tracking features are free for all users for unlimited transactions, the integration of the two platforms will eventually allow Glassnode users to create a personalized view of the market with respect to their specific investment strategies and portfolio holdings.

As of now, every user can access both platforms using the same login, making it easier to navigate seamlessly between products. This way, Glassnode users can enjoy free access to valuable features such as portfolio tracking and tax reporting, including Accointing.com’s unique Trading Tax Optimizer that helps preserve capital and minimize potential losses during the current crypto bear market.

To learn more about Accointing by Glassnode visit www.glassnode.com/accointing. For more information on Glassnode’s Market Intelligence, visit www.glassnode.com.

About Glassnode
Glassnode is the industry’s leading blockchain data and intelligence platform. We equip investors with the most comprehensive library of on-chain and financial metrics to help them make better investment and trading decisions.

About Accointing.com
Accointing.com is a crypto portfolio tracking and crypto tax report generation software. We make tracking your crypto net worth easier and streamline the creation of crypto tax reports that abide by country-specific legislation.

Media Contact:
Email: contact@glassnode.com

SOURCE: Accointing

HKIoD Organises Directors’ Conference 2022 – “From Resilience to Sustainability”

The Hong Kong Institute of Directors (HKIoD) hosted Directors Conference 2022 yesterday at the Hong Kong Convention and Exhibition Centre. With the HKSAR and also HKIoD both celebrating their 25th anniversary, the conference this year extended to a full day, featured 11 sessions including power talks and in-depth panel discussions held physically and online with 430 attendees in all.

Directors’ Conference 2022 held physically and online with 430 attendees in all.
Opening address by The Honourable Michael Wong, GBS, JP, Deputy Financial Secretary
In his closing speech, Mr Christopher Hui, GBS, JP, Secretary for Financial Services and the Treasury thanked the HKIoD for organizing this meaningful conference.

Welcoming participants to the event, Dr Christopher To, Chairman of HKIoD, said, “In the last five years, Hong Kong has continued to rank high in competitiveness or as a global financial centre in the world, suggesting that Hong Kong is somewhat resilient amid adversities including the pandemic. However, as there are still many looming uncertainties, we must not be complacent. We should learn the true meaning of resilience and gain skills in implementing sustainability initiatives and engaging stakeholders in developing sustainable business practices in such VUCA times.” Citing the HKIoD Corporate Governance Scorecard, Dr To noted that Hong Kong listed companies have been improving in corporate governance over the past 16 years while the demands have been increasing as per global trends.

The conference brought together 21 world-class business and community leaders, scholars and policy makers to share their insights on a spectrum of topics, including (1) Fusion of People, Ideas and Technology; (2) Roadmap of Driving for Excellence; (3) Hong Kong’s Role as an IFC in RMB Internationalisation; (4) Non-profits’ Business Purpose; (5) Driving a Top-notch Financial Market; (6) The Board to Lead in Climate Governance; (7) Leading to Survive and Thrive in Challenges; and (8) The Rule of Law in Doing Business Going on to 2047.

Dr Carlye Tsui SBS JP, Chief Executive Officer, HKIoD, said: “Crises can make an organisation stronger and more resilient when its leaders have the determination, foresight and wisdom to turn the tide and triumph over turbulence. We should all be seeking proven measures to help our organisations fend off challenges and achieve true sustainability.” Learning from COVID-19, Dr Tsui noted the global director perspective that the top items on board agenda are broader risk-set, enhanced ESG and greater stakeholder communication. She also advised that in this digital age, boards should regard technological change with a strategic perspective, continuing learning and assessment of the leadership and culture readiness for it.

About The Hong Kong Institute of Directors
The Hong Kong Institute of Directors is Hong Kong’s premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. Website: http://www.hkiod.com.

Media Enquiries:
Strategic Public Relations Group
Brenda Chan +852 2114 4396 brenda.chan@sprg.com.hk
Chak Yau +852 2114 4395 chak.yau@sprg.com.hk

The Hong Kong Institute of Directors
Odessa So +852 2889 4988 odessa.so@hkiod.com
Joanne Yam +852 2889 1414 joanne.yam@hkiod.com

NextPlay Technologies’ NextBank and Alphabit’s ABCC Cryptocurrency Exchange Complete Collaboration, Expanding NextBank Regionally and Towards Banking for the Digital Community

NextPlay Technologies, Inc. (Nasdaq: NXTP), a digital native ecosystem for finance, digital advertisers, and video gamers, announced today that NextBank International, Inc. (NextBank), the international banking unit of NextPlay’s fintech division, has structured and signed a Collaboration Agreement with Alphabit Consulting Pte. Ltd. (Alphabit), formally launching the process of bringing deposit accounts and payment cards to members of Alphabit’s ABCC cryptocurrency exchange (ABCC).

The signed agreement creates an opportunity for tens of thousands of ABCC customers to open NextBank accounts and represents the first partner onboarding since NextBank revamped its operating systems to support this type of scalability. Once implemented, ABCC Exchange customers will be able to convert cryptocurrencies to, and use NextBank accounts to transact in, fiat currencies, and also use NextBank prepaid cards that will allow ABCC Exchange customers to transact in fiat currencies using their crypto assets. In the future, subject to NextBank’s and ABCC’s receipt of necessary regulatory approvals, the parties intend to provide an additional opportunity for ABCC customers to apply for payment cards under which approved customers will have the ability to borrow funds from NextBank, which borrowings are to be secured by cryptocurrencies held by the customer in a separate account at ABCC.

Alphabit has built a broad global user base with ABCC. As a Singapore-based cryptocurrency exchange operator, Alphabit has submitted a license application under the Payment Service Act 2019 to provide account issuance services and digital payment token services as it continues to operate under a license exemption.

Todd Bonner, chairman of the board of directors of NextPlay Technologies and head of the company’s fintech division, stated: “Last month our team implemented improvements in NextBank’s core operating infrastructure, significantly expanding the capabilities of our Fintech division, including for mobile and online banking. We intend to continue that improvement by seeking regulatory approval to add insurance products and block chained assets to our banking services. With the ABCC relationship, we have the potential to expand NextBank’s deposit base and depositor count to many multiples of their current level. The relationship with ABCC is expected to provide us with the opportunity to offer credit to this emerging class of high-net-worth crypto investors. Soon, we expect to offer unique insurance products and well-underwritten and currently not easily accessible real world alternative asset classes. We are very thankful to Calvin and his excellent team for offering us a chance to grow with ABCC.”

ABCC president, Calvin Ng, stated: “We started discussions with NextBank earlier this year seeking their financial services due to their architectural design, international online banking capabilities, and their positioning in the international online banking marketplace. We believe that such a cooperation between ABCC and NextBank will mark the beginning of a new paradigm in digital assets and banking, providing a new form of seamless services of the future. ABCC is very happy to secure this cooperation and encourages crypto exchanges globally to follow such a path.”

About Alphabit and ABCC
Based in Singapore, Alphabit Consulting Pte. Ltd. operates the ABCC cryptocurrency exchange. ABCC is a leading crypto exchange that is exploring the future development of cryptocurrency projects for global users. It is working to create a world where cryptocurrency co-exists with traditional financial markets through robust Know-Your-Customers (KYC) processes. By engaging with reputable vendors, it seeks to deliver RegTech solutions that create a safe platform for its ABCC members. To learn more, visit abcc.com.

About NextPlay Technologies
NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, and crypto-banking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay’s engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. For more information about NextPlay Technologies, visit www.nextplaytechnologies.com and follow us on Twitter @NextPlayTech and LinkedIn.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Factors that may cause such a difference include risks and uncertainties including, and not limited to, our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; current regulation governing digital currency activity is often unclear and is evolving; our and ABCC’s ability to secure all necessary regulatory approvals to expand the partnership to its fullest, and intended, potential; the future development and growth of digital currencies are subject to a variety of factors that are difficult to predict and evaluate, many of which are out of our control; the value of digital currency is volatile; amounts owed to us by third parties which may not be paid timely, if at all; certain amounts we owe under outstanding indebtedness, which are secured by substantially all of our assets and penalties we may incur in connection therewith; the fact that we have significant indebtedness, which could adversely affect our business and financial condition; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may adversely affect the financial strength of our business partners; the officers and directors of the Company have the ability to exercise significant influence over the Company; stockholders may be diluted significantly through our efforts to obtain financing, satisfy obligations and complete acquisitions through the issuance of additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could be harmed; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our business is susceptible to risks associated with international operations; unfavorable changes in, or interpretations of, government regulations or taxation of the evolving Internet and e-commerce industries, which could harm our operating results; risks associated with the operations of, the business of, and the regulation of, Longroot and NextBank International (formerly IFEB); the market in which we participate being highly competitive, and because of that we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could harm our business; the volatility of our stock price; and that we have incurred significant losses to date and require additional capital, which may not be available on commercially acceptable terms, if at all. More information about the risks and uncertainties faced by NextPlay are detailed from time to time in NextPlay’s periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, under the headings “Risk Factors”. These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by fourth parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Company Contacts:
NextPlay Technologies, Inc.
Richard Marshall
Director of Corporate Development
Tel: (954) 888-9779
Email: richard.marshall@nextplaytechnologies.com

Alphabit Consulting Pte. Ltd
Alan Li
Chief Executive Officer
Email: alan.li@abcc.global

SOURCE: NextPlay Technologies, Inc.

eDriving and Innovation Group Win Technology Program Award at The Australian Road Safety Foundation’s 11th Annual Australian Road Safety Awards

Together with partner Innovation Group Australia, eDriving(SM), a Solera company, and leading global provider of digital driver risk management solutions, has been named the winner of the Technology Program Award at The Australian Road Safety Foundation’s 11th Annual Road Safety Awards.

eDriving and Innovation Group were presented with the award for eDriving’s innovative digital driver safety app, Mentor(SM). Mentor is made available by eDriving to fleet operators in Australia and New Zealand through the Innovation Group partnership.

The Australian Road Safety Awards acknowledge the achievements of leading road safety stakeholders and provide an opportunity to formally recognise their commitment to improving road safety outcomes.

“We’re delighted that Mentor has been recognised for its contribution to keeping those who drive for work purposes safe across Australia and New Zealand,” said Ed Dubens, CEO/Founder of eDriving. “This is great news for reinforcing the value of our partnership with Innovation Group in helping to reduce driver risk in Australia.”

Drew Schnehage, Managing Director of Innovation Group Australia, added: “Thank you to the Australian Road Safety Foundation for the nomination and our win of the Technology Programs Award. We are proud to be the exclusive resellers of the award-winning Mentor by eDriving offering.”

eDriving’s Mentor app is a smartphone-based digital driver safety program that identifies driver risk using a validated FICO(R) Safe Driving Score, and remediates risky behaviour with training, coaching and gamification. Among other features, Mentor also incorporates an eco-driving indicator, plus Automatic Crash Detection and Personal SOS features powered by Sfara and Bosch, which trigger emergency response services to keep drivers safe 24 x 7.

As with all eDriving programs and tools, Mentor operates within a highly secure, privacy-first environment, in which only driver data required for risk management is shared with the manager. No location data or individual trip data is visible beyond the driver.

About Solera

Solera is a leading global provider of integrated vehicle lifecycle and fleet management software-as-a-service, data, and services. Through four lines of business — vehicle claims, vehicle repairs, vehicle solutions and fleet solutions – Solera is home to many leading brands in the vehicle lifecycle ecosystem, including Identifix, Audatex, DealerSocket, Omnitracs, eDriving/Mentor, Explore, CAP HPI, Autodata, and others. Solera empowers its customers to succeed in the digital age by providing them with a “one-stop shop” solution that streamlines operations, offers data-driven analytics, and enhances customer engagement, which Solera believes helps customers drive sales, promote customer retention, and improve profit margins. Solera serves over 300,000 global customers and partners in 100+ countries. For more information, visit www.solera.com.

About eDriving

eDriving, a Solera company, helps organisations around the world improve safety, reduce injuries, licence violations, carbon emissions, and total cost of fleet ownership through its patented digital driver risk management programs. These include the Mentor by eDriving(SM) smartphone app with FICO(R) Safe Driving Score; the patented, five-stage Crash-Free Culture(R) risk reduction program; and the Virtual Risk Manager(R) platform, all designed to work in an integrated fashion within a privacy-first, data-secure environment that supports drivers and their managers every step of the way. eDriving is the digital driver risk management partner of choice for many of the world’s largest organisations, supporting over 1,200,000 drivers in 125 countries. Over the past 25 years, eDriving’s research-validated programs have been recognised with over 120 awards around the world. For more information, visit www.edriving.com.

Press contact, eDriving:
Sheila Leverone press@edriving.com

About Innovation Group

Innovation Group delivers transformational expertise to the world’s leading insurers, brokers, fleet managers and automotive manufacturers, helping them to open new growth frontiers with revolutionary solutions. With over 20 years’ experience, our clients trust us to transform their claim management processes, manage critical vehicle and propertyincidents, and generate more revenue through value-added services. Visit https://www.innovation.group/

Mentor Product Sheet https://pr.report/DYPpSGUC

SOURCE: eDriving

Digital Treasures Center Secures MPI Licence to Provide Digital Payment Token and Other Payment Services in Singapore

The Monetary Authority of Singapore (MAS) has granted Digital Treasures Center (DTC) the Major Payment Institution (MPI) licence. Securing the full licence means DTC has exited from the exemption status and is now a fully regulated provider (MAS licence number: PS20200531) of Digital Payment Token (DPT) and other payment services under the Payment Services Act (PSA).

Ms. Alice Liu, Chief Executive Officer and founder of DTC

“We are excited to obtain the full licence from MAS. With the full licensing, we will continue to build on the good work that the team is currently doing while looking to expand our footprint globally starting from our ASEAN neighbours,” said Ms. Alice Liu, Chief Executive Officer and founder of DTC. “Our base in Singapore provides us with the unique competitive advantage in leverage the country’s strong business infrastructure, strong government support, innovation ecosystem and strong regulatory framework to allow us to expand our company.

Effect 1 August 2022, DTC will be providing the following payment activities under the MPI licence:

  1. Account Issuance Service – open accounts for merchants and consumers to accept and pay e-money and non-card transactions.
  2. Merchant Acquisition Service – enable merchants to leverage DTC services to accept and process payment transactions online and offline.
  3. Domestic Money Transfer Service – provide local money transfer services in Singapore.
  4. Cross-border Money Transfer Service – provide cross-border money transfer services globally.
  5. E-money Issuance Service – issue e-money for merchants and consumers.
  6. Digital Payment Token Service – facilitate transactions with digital payment tokens.

“We are grateful for the support and trust that our clients and community have given us over the years. We are optimistic about the future of cryptocurrency as a use case for payment. Over the past few months, we are seeing an uptick of enquiries and onboarding from merchants and companies from healthcare to music, F&B and automobiles on enabling crypto payments,” Liu said. “As crypto payment gains momentum, we are hopeful to see more merchants from various industries coming onboard to accept crypto as an additional form of payment.”

About Digital Treasures Center

Digital Treasures Center Pte Ltd (“DTC”) is an enterprise payment service provider incorporated in Singapore with PCI-DSS level 1 certification and winner of the prestigious Fintech Partner Award at Singapore Fintech Festival. Our payment solution – DTC Pay, offers clients and merchants the ability to receive and settle payment, including cryptocurrency. DTC Pay is compliant, fast, secure and cost efficient. DTC is dedicated to building the payment infrastructure that would allow merchants and consumers to interact with fiat and cryptocurrency seamlessly.

Find out more at www.dtcpayment.com

For media related queries, please contact:
Mr. Desmond Yong
Email: desmond.yong@dtcpayment.com
Mobile: +65 8889 7802

BFSI leaders in India are gathering to discuss the roadmap for the future of the BFSI sector in the country

Big BFSI Future Tech Show and Awards is hosting technology leaders from across India to meet, network, learn, and engage with some of the world’s most renowned technology thought-leaders, subject matter experts, and technology innovators in a constructive, open-dialogue environment – to find solutions to issues impeding their operations and services.

The show will feature interactive sessions, insightful tech talks, panel discussions and, engaging networking opportunities, providing a hands-on learning experience to the technology stakeholders converging from the Indian BFSI & NBFC space. Top tech leaders and key decision-makers will engage in dialogues on redefining the future of banking and discuss varied topics such as:

  • The Rise of Challenger Banks in India
  • The Future of Money
  • Transactions and the Decline of Cash
  • Data-driven CX for higher RoI
  • Chatbots as ‘Financial Concierge’
  • A transition towards Green Banking and much more.

The show will feature a ground-breaking collaboration of experts such as

  • Amitabh Ranjan, Chairman, Reserve Bank of India
  • Anila Rao, VP – APAC, Haptik
  • Sumeet Puri, Chief Technology Solutions Officer, Solace Corporation
  • Chandan Gupta, Vertical Head – Data Center Services, Web Werks – Iron Mountain India DCs
  • Harshwardhan Mittal, CTO, Yubi Pvt. Ltd (Formerly CredAvenue)
  • Somayajula Shekhar Rao, Head Sales – Strategic Accounts – EFLV India, Tata Communications Limited
  • Srinivasa Raghavan, Director, Product Management, Site24X7
  • Mohan Bhat, MD & Co-founder, Accops
  • Mahesh Ramamoorthy, CIO, Yes Bank
  • Amit Saxena, CTO, RBI, Innovation Hub
  • Prashant Thakkar, COOT, LIC Mutual Fund Asset Management Ltd (LICMF)
  • Nandkishore Purohit, Chief Digital and Technology Officer-IIFL Securities
  • Pinak Chakraborthy, CIO, Airtel Payment Bank
  • Karthikeyan Krishnaswamy, Co-founder and CTO, KreditBee
  • Navaneethan M, SVP- CISO & Head-it, Groww
  • Naseem Halder, CISO, Acko
  • Dheepak Rajoo, SVP, Digital Banking Technology, PMO, HR Technology, IT Governance RBL Bank
  • Prasanna Lohar, Chief Innovation Officer, DCB Bank, to name a few…

The show will feature Big BFSI Awards, an awards ceremony to honour the top 100 Leaders in India for their technology leadership, strategic influence, and significant contribution towards delivering excellence and innovation in the BFSI domain.

The winners will be announced at the Big BFSI Future Tech Show & Awards on 27 July 2022, taking place at Taj Lands End in Mumbai, India.

The event will also host an exciting contest wherein 10 lucky winners will be awarded with gift hampers. The show will conclude with a networking cocktail for the attendees.

While speaking about the event, CEO of Trescon, Mithun Shetty stated “After 9 successful editions, we are excited to bring yet another Big BFSI Show and Awards which is bringing together pre-qualified leaders, marketers, and experts under one roof to provide the attendees with actionable insights for their business strategy through a mix of informative sessions, keynotes, case studies, fireside chats, one-on-one sessions, and panel discussions.” He further added, “The show will revolutionize the future of banking, innovation and technology, and everything will be in one distinct landscape where trust is the only thing you have to sell in banking and finance.”

Partners at Big BFSI Future Tech Show & Awards include:

Supported By – NITI Aayog
Gold partners – Web Works and Iron Mountain, Haptik Technologies Limited, Solace
Award Partner – Yubi
Silver partners – Denodo, Accops, Tata Tele Business Services (TTBS) and Site 24X7
Bronze partners – NeoSOFT Technologies, Dista, ManageEngine and Kaleyra

To claim your complimentary passes to the event please visit the official event website.

About Big BFSI Future Tech Show

Big BFSI Future Tech Show & Awards is a thought-leadership-driven, business-focused effort that offers a platform for tech professionals who wish to investigate and use cutting-edge future technology within their company.

About Trescon

Trescon is a global business events and consulting firm that provide a wide range of business services to a diversified client base that includes corporations, governments and individuals. Trescon is specialized in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect and consulting services.

For further details about the announcement, please contact:

Sagari S Satthianadhan,
Media, PR & Corporate Communications, Trescon
+91 81059 75937
media@tresconglobal.com

ING spins out Pyctor digital assets technology to GMEX Group

ING announced today that it has spun out Pyctor to GMEX Group (“GMEX”), a leader in digital business and technology solutions for exchanges and post-trade market infrastructure.

Pyctor’s digital post-trade market infrastructure technology is designed for firms operating in regulated environments. It provides highly secure digital custody and transactional network services for a broad range of digital assets, as well as delivering interoperability between permissioned and public blockchains. Pyctor was incubated in ING Neo’s Amsterdam innovation lab, in collaboration with major financial institutions and regulators.

Pyctor is now a service offering within GMEX. Hirander Misra is appointed Chairman of Pyctor with other senior appointments to be announced in due course. ING will continue its relationship with Pyctor and collaborate through ING’s digital assets team.

Olivier Guillaumond, Global head of innovation Labs & Fintechs, ING commented: “After spinning out Stemly last year from ING Labs Singapore, Pyctor has been another innovation success story at ING Neo. ING Labs incubated Pyctor leveraging ING’s DLT expertise, deep digital assets knowledge and continuous feedbacks from regulators and network participants. We now have found the right partner in GMEX to scale Pyctor to the next stage. It brings the ideal connectivity between multiple trading parties and digital assets custodians, while addressing interoperability issues experienced in the market.”

Hirander Misra, CEO of GMEX Group said: “Pyctor’s decentralized network of institutional participants and Multi-Party Computation (MPC) proprietary custody technology offering compliments and strengthens the breadth of GMEX’s MultiHub ‘global network of networks’ as part of our strategic ethos of stimulating growth in the digital assets market”. He added: “With this acquisition, GMEX Group consolidates its position as the first platform to offer an end-to-end multi-asset, multi-sector Hybrid Finance (HyFi) solution that bridges the gap between off-chain Traditional Finance (TradFi) and on-chain Decentralized Finance (DeFi) across jurisdictions.”

Combining the Pyctor digital assets post-trade market infrastructure for global custodians, institutional issuers and other capital market actors with GMEX’s MultiHub will empower financial markets participants to securely issue, access, manage, store and transact digital assets in a regulatory compliant manner alongside their traditional assets.

About ING

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s more than 57,000 employees offer retail and wholesale banking services to customers in over 40 countries.

ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

Sustainability forms an integral part of ING’s strategy, evidenced by ING’s leading position in sector benchmarks.

ING’s ESG rating by MSCI was upgraded to ‘AA’ in December 2020. ING Group shares are included in major sustainability and Environmental, Social and Governance (ESG) index products of leading providers STOXX, Morningstar and FTSE Russell. In January 2021, ING received an ESG evaluation score of 83 (‘strong’) from S&P Global Ratings.

For further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the @ING_news Twitter feed.

About GMEX Group

GMEX is a global market infrastructure vendor providing multi-asset trading, exchange matching engine and post-trade business solutions, and Ecosystem-as-a-Service (EsaaS) technology.

These include, the GMEX MultiHub, which is a cloud based trading and post trade digital market infrastructure platform that as a ‘multi-asset network of networks’ facilitates a first of its kind collaboration across major institutions, regulatory regimes and start-ups with the goal of bringing digital assets to a wider audience.

For more information visit www.gmex-group.com or Twitter @GMEX_Group

About Pyctor

Pyctor is an institutional-grade custody solution for the digital asset ecosystem.
It provides safekeeping and transaction services for any digital assets, by utilising its patent-pending multi-signatory and multi-party approval protocol.

The solution implements a decentralized operating model that leverages upon hardware technologies like Hardware Security Module (HSM), as well as proprietary Multi-Party Computation (MPC) software. The benefits of this approach are increased security, resilience, 24/7 availability and risk mitigation.

Pyctor’s Travel Rule Module (Pyxis), offers FATF Rule 16 compliance and is compatible with the Travel Rule Protocol (TRP). It enables regulated DeFi and digital assets AML compliance.

For more information visit https://www.pyctor.com/

Media Contacts

GMEX Group & Pyctor
Helen Disney
The Realization Group
Tel: +44 (0)7792 376 546
Helen.disney@therealizationgroup.com
pr@gmex-group.com

ING Group
Marc Smulders
Tel: +31 (0)20 5762847
marc.smulders@ing.com

Asia’s Payments, E-Commerce & Banking Leaders to Gather Live Online in June, to Chart the Future of Commerce in the Region

Seamless Asia (www.terrapinn.com/virtual/seamless-asia/index.stm) returns live online this 22-23 June, gathering over 1,700 attendees virtually to explore the latest innovations in Asia across the payments, e-commerce and banking sectors.

“With digital payments in Asia forecast to exceed US$350 billion by 2026, e-commerce spending in Southeast Asia expected to reach US$180 billion by 2025 and more than 40 million new users joining the internet economy every year, there’s never been a more exciting time in commerce,” says Paul Clark, Managing Director – Asia for Terrapinn. “Over the last two years, these sectors have been at the forefront of innovation – now it’s time to make sure they are positioning themselves for a post- pandemic era and securing their future growth. Seamless Asia offers them exactly that.”

Seamless Asia will bring together over 100 expert speakers across six key content pillars: payments innovation, e-commerce strategy, online payments, e-commerce marketing, banking and financial inclusion. Attendees will enjoy free access to all sessions on the platform, and all sessions will be available for on-demand viewing for one month after the event, truly offering attendees a chance to fit the event around their own schedule. Speakers at the event include:

– Bonnie Mak, Head of eCommerce, Samsung
– Julian Foo, Head of Payments & Instore, ShopBack
– Theodora Lai, Chief Strategy Officer, Burpple
– Brad Jones, Chief Executive Officer, Wave Money
– Vrutika Mody, Head of Global Partnerships, GoPay
– Kannan Rajaratnam, Regional Director of Payments & Customer Operations, Zalora
– Jessica Lam, Chief Strategy Officer, WeLab
– Dmitry Bocharov, Chief Product Officer, BigPay
– Sarita Singh, Regional Head & Managing Director, Southeast Asia, Stripe
– Cecilia Chan, Head of Marketing Hong Kong, Carousell Group
– Dennis Valdes, President, Cebuana Lhuillier Bank
– Kristy Duncan, Founder & CEO, Women in Payments
– Arvie de Vera, Co-Founder & Chief Executive Officer, UnionDigital
– Loek Berendsen, Global Platform Strategy Leader, IKEA
– Esel de Sagun-Madrid, Head of Data Science & Advanced Analytics, Metrobank
– Karthick Chandrasekar, Head of Product & Commercial, Digital Payments Group, DBS Bank
– Sonal Kapoor, Senior Director, Flipkart
– Kell Jay Lim, Head of Grab Financial Group (FinTech), Grab
– Jean Thomas, Chief Marketing Officer, Pomelo Fashion
– Debbie Watkins, Chief Executive Officer & Co-Founder, LUCY

More than 30 sponsors, exhibitors & partners are supporting this year’s virtual edition of Seamless Asia, including Title Sponsor Stripe, returning for the third year, Customer Retention Sponsor CleverTap and Platinum Sponsors Limelight Networks & Zendesk. All sponsors & exhibitors will be hosting a virtual booth on the platform for attendees to find out more about their products and services. Attendees will get a chance to interact directly with their teams.

Details of the two-days event are as follows:
Seamless Asia 2022
22-23 June 2022 | Virtual Free-to-Attend

About Terrapinn

Terrapinn has been sparking ideas, innovations and relationships that transform business for over 30 years. Using our global footprint, we bring innovators, disrupters and change agents together, discussing and demonstrating the technology, strategies and personalities that are changing the way the world does business. Whether you’re looking to make new connections, introduce product or inspire change in your industry, we invite you to join us as agitators of change. Terrapinn – spark something.

Press attendance is complimentary. Enquiries should be directed to:
Jia Le Lim
Marketing Manager
Terrapinn Asia
jiale.lim@terrapinn.com