Category: Daily Finance

Indonesia to Witness the Largest BFSI Gathering at World Financial Innovation Series (WFIS 2021)

With an aim to support Indonesia and its Financial Services Authority (OJK) in acknowledging the latest BFSI innovations, while also addressing the lucrative opportunities presented by its growing digital economy, Tradepass is back in Indonesia with its 8th Edition of World Financial Innovation Series (WFIS 2021) – INDONESIA, scheduled to take place virtually on 1-2 December.

Coupa Software, SmartMessage, CREALOGIX, AppsFlyer, GitLab, Freshworks, Contentsquare, Snowflake and Thought Machine, have taken the initiative to lead the conference that will also host 1000+ technology and business heads from 100+ leading Banks, Insurance & Micro-Finance institutions across Indonesia to network and explore a wide range of cutting-edge solutions for the BFSI sector.

When asked about their opinion regarding the WFIS platform and how they will take advantage of it, Mr. Kerim Alain Bertrand (CSO Global, SmartMessage) stated, “World Financial Innovation Series 2021 – Indonesia will provide a great knowledge sharing and networking base for us as SmartMessage. We are quite excited with the opportunity to contribute and present various use-cases on how companies confidently scale in real-time their digital communications over millions of customers and create seamless experiences thanks to our SmartMessage Omni-channel Marketing Automation platform.”

The conference also aims to cover the most pressing topics from the industry including, -Reinventing the FSI ecosystem using Dynamic Automated Systems”, “How are new-age banks using Big Data”, “How Open Banking will power the next wave of fintech innovation”, “Neo-banks”, ‘Banking-as-a-service (BaaS)’, ‘Powering financial services with cloud’ and many others.

Some of the confirmed speakers from the conference include: Teguh Aria Djana, CEO, PT. Asuransi Simas Insurtech; Gilbert Naibaho, COO, Lippo Insurance; Michel Hamilton, Chief Strategy Transformation & Digital Officer, Maybank Indonesia; Rachmajanto Subroto, General Manager of IT, PT Sompo Insurance Indonesia; Sonny Supriyadi, SVP – Head Pricing & Data Analytics, Maybank Indonesia; Samiha Alam, Head Agency Partnerships, AppsFlyer; Benny Jioe, Head of Digital Transformation, Zurich Insurance and others.

Speaking on the subject, Mr. Karsten Kemna, Managing Director APAC, CREALOGIX shared, “Being at the forefront of developing new-age fintech solutions for the banks to have a seamless digital transition, WFIS 2021 – Indonesia has the right congregation for us to demonstrate our capabilities.”

Organizer and CEO of Tradepass, Sudhir Jena, expressed “In the wake of Indonesia’s huge unbanked population, digitized financial services play a crucial role in not just increasing bank account ownership but also providing the millions of unbanked Indonesians with a better chance at wealth management. In that light, World Financial Innovation Series 2021 (WFIS 2021) – INDONESIA is just the event the country needs to promote the new-age digital innovations in the BFSI sector.”

For more information about the summit, log on to https://indonesia.worldfis.com/
Aritrika Chakraborty
Tradepass
aritrikac@tradepassglobal.com
+91 8061664401

The fifth global edition of World CX Summit – FSI hosted by Trescon brought endless possibilities for CX & CEM in FSI

As a part of the world tour, the ASEAN edition of World CX Summit – FSI gathered pre-qualified CX leaders, Marketers & FSI experts virtually on 21 October 2021; to discuss how the latest technologies and customer insights can be combined to change CX as we know it.

The fifth global edition featured keynotes, panel discussions, tech talks, private consultation rooms, private networking rooms, and more on Vmeets – a virtual events platform. CX leaders and enthusiasts had engaging sessions with speakers in Q&A sessions and emphasized the changing dynamics of customer experience across the globe.

The summit presented an impressive line-up of speakers including:
– Anthony Rogalski, Solutions Consultant, UserTesting
– Landon Barnes, Principal Solutions Consultant, UserTesting
– Gavin Neil Olsen, Regional Manager, FSI, Sitecore
– Mike Plimsoll, Snr. Director, Industry Strategy & Marketing, Sitecore
– Allan Tumbaga, Senior Vice President and Chief Customer Marketing Officer, Pru Life UK
– Sourabh Chitrachar, Regional VP- IT Strategy & Transformation, Liberty Mutual Insurance
– Rachel Chen, Chief Digital Officer, Aviva Singlife
– Mohd Afdhal Bin Mohd Nayan, Chief Transformation Officer, Malaysia Digital Economy Corporation (MDEC)
– Chatrudee Ngamvalairatt, EVP, Customer Experience Management, Bank Of Ayudhya (Krungsri Bank)
– Tomasz Kurczyk, Chief Digital and Transformation Officer, AXA Insurance
– Mohamed Keraine, Head of Retail, Philippines & Head of Retail Development Asia, ING
– Mujtanibul Ahmed Sakib, Division Customer Experience Director, Wing Bank
– Jennifer Villalobos, Chief Digital and Technology Officer, Prudential Life Assurance Public Company Ltd

Highlights of World CX Summit-FSI – ASEAN:

The summit started with an opening keynote by Mohd Afdhal Bin Mohd Nayan, Chief Transformation Officer at Malaysia Digital Economy Corporation, where he shared his insights on, ‘How the Financial Service industry is driving Superior Digital Experience’. He was found quoting, “Delivering customer service is an integral part of banks in society, by addressing the new customer needs and concerns and improving own efficiency and effectiveness.”

Sonny Supriyadi, VP – Head, Pricing and Data Analytics at Maybank; Gavin Neil Olsen, FSI DX lead, Southeast Asia at Sitecore and Mike Plimsoll, Snr. Director, Industry Strategy & Marketing at Sitecore discussed at length on topic ‘Know your customer, know your data’. Gavin stated, “The FSI sector is in the early stages of becoming digitally agile and meeting the needs of customers in an always-on platform economy. The first step is to streamline the content lifecycle and data capture to enable new services for existing customers. This is where FSI providers need to be focusing their efforts now — especially as they suddenly have a lot of customers who are online for the first time. This means implementing “content anywhere” processes to allow agility across all channels, owned, earned, and bought, from desktop, mobile, and physical channels, for all aspects of the content lifecycle. Our experience is that fully merging physical and digital channels is a huge culture shift for everyone — customers, employees, and management. The challenge is to build a seamless CX (customer experience) that reaches across all touchpoints and makes a difference to your bottom line, and brand loyalty.”

Landon Barnes, Principal Solutions Consultant at UserTesting spoke at length on ‘3 Reasons Companies Miss the Mark on Customer Centricity and How to Fix it’. He was quoted saying, “Businesses have to think from the customer perspective and how they want to do business and how quickly they want those experiences.”

While speaking about ‘Digital Transformation for Banking In 2021: Leveraging low code technology to accelerate customer-facing and operational processes’, Andrew Fenton, Chief Sales Officer EMEA & APAC at Creatio, mentioned that, “There is a huge amount of disruption and challenges within the world of banking and this forces the technology trends towards omnichannel communication.”

Riva Uy, Solution Architect Manager at OutSystems and Marouen Zelleg, Senior Director at OutSystems shed light on the topic ‘Reimagining Customer Experience, Empowered with Fast and Agile technology’. Riva stated, “The demand and the supply for fintech are rising as many
companies are massively evolving their business strategy.”

“Virtual events are an excellent opportunity for everyone in the industry to come together during these difficult times. Affordable and intelligent CX & FSI solutions & strategies are the need of the hour,” says Mithun Shetty, CEO of Trescon.

World CX Summit – FSI is officially sponsored by Lead Sponsor – UserTesting; Platinum Sponsor – Sitecore; Gold Sponsor – OutSystems, Servicenow, Creatio; Silver Sponsors – Freshworks, Teleperformance.

About World CX Summit

World CX Summit is a thought-leadership-driven, business-focused, global series of events that takes place in strategic locations across the world.

The summit will also host a combination of insightful sessions, keynotes, case studies and panel discussions sure to deliver actionable insights that attendees can apply to their Customer Experience strategies.

About Trescon

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

For further details about the announcement, please contact:
Media, PR & Corporate Communications
+91 81059 75937
media@tresconglobal.com

1982 Ventures invests in Lista, the MSME book-keeping app for the Philippines

Lista is a bookkeeping app for MSMEs based in the Philippines. Through its financial inclusion app, they offer Filipinos a free and secure way of managing finances such as tracking debts, recording transactions, and even issuing invoices.

Lista raised an oversubscribed round from 1982 Ventures, East Ventures, Saison Capital, Alternate Ventures, Monde Nissin Family Ventures’ Willy Arifin and prominent angel investors such as former Grab Philippines President and co-founder Brian Cu, Pinelabs CEO Amrish Rau, CRED Founder Kunal Shah, Jupiter Bank Chief Executive Officer Jitendra Gupta and Google APAC Senior Execs Aurelien Pichon, Alap Bharadwaj.

Lista was founded by Aaron Villegas, an experienced entrepreneur with product experience, and Khriz Lim, a former Grab executive that led GrabFood’s expansion into the region. Since its launch in September, Lista has helped collect close to US$1.5 million in receivables of MSMEs all over the Philippines.

Aaron Villegas, co-founder of Lista, stated, “Helping Philippine MSMEs was an advocacy close to my heart. Growing up, I saw the challenges my family endured in running a sari-sari store (community store).” Continuing, “I spent almost a year just talking to various MSMEs in the province and trying different ideas to help them grow. And that’s when I realized that the first thing to do to really help them grow is through digitization and replacing pen and paper with easy-to-use tech.”

As the pandemic struck early last year, digitization of business processes proved to be pivotal in ensuring the continuity of business operations. Micro, small and medium enterprises or MSMEs were among the most affected during the prolonged quarantines – 74% of these businesses halted operations due to the lockdowns according to the country’s Department of Trade and Industry. MSMEs are vital to the Philippine economy as they comprise about 99.51% of business establishments in the country and employ around 63% of the country’s workforce, according to data from the Philippine Statistics Authority (PSA).

Khriz Lim, former Grab executive and co-founder of Lista stated, “MSMEs are the backbone of the Philippine economy and it’s time we stop leaving them behind. Through this app, we want to revolutionize the way MSMEs operate and provide them with a reliable digital partner for small businesses in the country.”

Using digital tools can help fill this gap and allow them to record transactions and track their growth more easily. Lista aims to help MSMEs, including freelancers, logistics operators and riders, and other small businesses, digitize their business and provide a free and secure way of easily managing their finances.

Herston Elton Powers, Managing Partner of 1982 Ventures stated, “Lista is empowering millions of MSME businesses in the Philippines move from pen and paper to digital. The bookkeeping app space in the Philippines is wide open and Aaron and Khriz are the right founders to capture the opportunity. Lista’s product and strong traction have put them in pole position to win the market.”

Lista will use the funds to grow their team and expand their product offering to reach more MSMEs in the country.

About Lista
Lista is a bookkeeping app for small businesses, enabling them to digitize their business and provide a free and secure way of easily managing their finances. For more information visit: https://www.lista.com.ph.

About 1982 Ventures
1982 Ventures is the leading seed fund investing in fintech startups in Southeast Asia. Our focus makes us the first port of call for fintech founders and the first money in. Our investments include Southeast Asian Open Banking API Platform Brick, Vietnam’s leading Buy Now, Pay Later Fundiin, Vietnam’s Rent-to-Own Home Financing app Homebase (YC W21), Indonesia’s first Earned Wage Access platform Wagely. 1982 Ventures is investing in and supporting the best founders to positively impact the future of financial services in Southeast Asia. Visit https://1982.vc, or follow us on LinkedIn.

For media enquiries:
khriz@lista.com.ph

1982 Ventures Portfolio:
— Bluesheets seamlessly connects and automates all your financial data in one place. (Singapore)
— Brick is a financial API platform that allows startups and financial institutions to build innovative solutions with a single line of code. (Indonesia)
— Fundiin is a buy now pay later that offers customer friendly instalment payments at the point of sale and allows merchants to expand their customer base. (Vietnam)
— Go Zayaan is an online travel agency (OTA) focused on digital booking of flights, hotels, tours and other transportation. (Bangladesh)
— Homebase (YC W21) is Vietnam based real estate technology company that provides innovative home ownership and financing solutions across Southeast Asia. (Vietnam)
— Hugo is Singapore’s first Wealthcare app that helps users develop healthy saving and investing habits that make financial security accessible to everyone. (Singapore)
— Infina is an investing platform that allows Vietnamese to buy + sell stocks, ETFs and mutual funds. (Vietnam)
— NextPay (YC W21) is a SME digital bank in The Philippines. They use us to send invoices, collect payments, do payroll, and pay their bills. (Philippines)
— PINA is a personal finance app which helps people to manage and grow their money by providing automated money management and investing solutions in a single app. (Indonesia)
— Wagely is a platform that provides financial wellness and earned wage access to millions of low and middle-income workers. (Indonesia)

JSP Pharmaceutical Manufacturing (SET: JP) debuts shares on MAI

JSP Pharmaceutical Manufacturing (Thailand) PCL (SET: JP), a developer, manufacturer and distributor of modern and traditional medicines, herbal products and nutritional supplements, is debuting on the MAI today. JSP is ready to pursue growth through developing new products under own brands, aiming for higher profit margins by boosting own brand sales to 50% of total sales of all products, while increasing capacity, improving capital management efficiency, expanding OEM production, and ultimately leading in the R&D, production and distribution of medicines and nutritional supplements.

Dr. Sittichai Daengprasert, Chief Executive Officer of JSP Pharmaceutical Manufacturing (Thailand) PCL, whose shares will begin trading on the SET Market of Alternative Investment (MAI) today in the Consumer Products sector under the symbol JP, says it is a crucial step for the company to pursue sustainable growth in order to become a leader in the R&D, manufacture and distribution of medicinal and nutritional supplement products in Thailand. It plans to drive growth with innovations in the development of modern and traditional medicines, and herbal and nutritional supplement products to satisfy consumers’ demand for high-quality products for health maintenance, protection and treatment. The plan will lend support to Thailand’s effort to become a society of health care in the near future.

Dr. Sittichai says the proceeds from the IPO share sales will go toward the development of new health products under the company’s own brands with a goal to produce 4-5 new products each year. Meanwhile, a multi-channel marketing strategy will be employed for product distribution, encompassing pharmacies, modern trade stores, convenience stores, TV home shopping, and online channels. The aim is to boost sales of own-brand products to 50% of total sales, which will contribute positively to the gross profit in the future.

Plans to improve the efficiency of the Bangkok plant, a hub of modern medicine production, and expand the capacity of the plant in Lamphun, which produces traditional medicines and nutritional supplements, will support the expansion of the OEM customer base in Thailand and in the CLMV countries with a one-stop service. Equipped with a list of more than 2,000 registered medicines, JP is in an advantageous position to meet OEM customers’ demands, Dr. Sittichai says.

He adds that the company has also been cooperating with educational institutes, government agencies and private-sector parties in the development and processing of herbs, such as Wolffia globosa, as a plant-based protein supplement under the ‘Suphap Osot’ brand to add value to agricultural products. In this program, cultivation know-how is transferred to farmers as a way to help them earn increased income. Furthermore, JP is preparing its manufacturing base to produce extracts from cannabis and hemp. These extracts are to be sold as processed products or used as ingredients in health products under the company’s own brands.

Mr. Vorachart Tuaychareon, Managing Director of Finnex Advisory Co., Ltd., a financial advisor, says JP’s potential for growth looks bright amid positive factors resulting from increasing demands for modern and herbal medicines from health-conscious consumers while the government sector encourages people to consume locally-made medicinal products. The company’s extensive experience and expertise in the R&D of diverse medicinal products and its experienced executives’ ceaseless pursuit of business opportunities are sure to improve its competitiveness and growth prospects.

Mr. Chosit Detwanitchayanumut, Managing Director of Siam Alpha Capital Co., Ltd., a joint financial advisor, says JP is determined to strengthen its operations in all respects by highlighting product innovations and investing in marketing campaigns to increase public awareness of its own brands as well as expand its OEM customer base both here and abroad. The company’s strong fundamentals lend firm support for its drive toward a sustainable growth, he adds.

Mr. Chanachai Joonjiraporn, Chief Executive Officer, ASL Securities Co., Ltd., the lead underwriter, says JP’s shares are growth stock because of the strength of its operations. Its commitment to pursue long-term and sustainable growth lays a firm foundation on which its shares are grounded and is the reason that will attract sustained investors’ interest in JP’s shares.

Released by Public Relations Dept., MT Multimedia Co. Ltd.
for JSP Pharmaceutical Manufacturing (Thailand) PCL
For more information, please contact: Yuttachai Praikhanahok (Tle)
Tel: +66-91-736-2866 or +66-2-612-2081 ext 125
Email: yuttachai.p@mtmultimedia.com

Thai Union Feedmill (SET: TFM) lists, aims to lead aquaculture and commercial animal feed sector

Thai Union Feedmill PCL (SET: TFM), a manufacturer and distributor of aquaculture and commercial animal feeds, is confident of positive investor response following the company’s listing on the Stock Exchange of Thailand (SET) today. Determined to be the leader in the aquaculture and commercial animal feed business, TFM aims to grow in overseas markets through cooperative agreements, joint ventures with trading partners, and direct exports in order to support food security for Asia’s future.

Bunluesak Sorajjakit, TFM Chief Executive Officer, said the Company, which began trading in the Agribusiness sector under the symbol “TFM”, has over 20 years experience in the industry and accumulated know-how that has led to innovations in production processes. The Company has become a leader in the production and distribution of aquaculture and commercial animal feeds in Thailand, offering quality and widely-known branded products. Sorajjakit is confident that TFM’s IPO will attract widespread interest among investors.

Following the Company’s listing on the SET, TFM is prepared for continual sustainable growth and determined to take the leadership role in the aquaculture and commercial animal feed business sector. Between 2021 and 2023, it expects to spend the proceeds from the sale of shares (1,177.4 million baht) in the following activities:
i. Expand production and distribution of aquaculture feeds through Indonesia-based subsidiary TUKL by adding two lines of production, which will increase capacity by 36,000 tons per year, requiring an investment of no more than 250 million baht by 2023;
ii. Repay loans of between 250-350 million baht by March 2022 to reduce the debt-to-equity (D/E) ratio to less than 1 time (x), after the IPO; and
iii. Use the remainder as working capital.

Moreover, as a policy, TFM intends to pay dividends twice a year, amounting to no less than 50 percent of the net profit per the consolidated financial statements after reduction of all categories of reserves according to company rules and legal requirements.

The TFM CEO adds that the Company is determined to expand its operations to overseas markets with appropriate business models deemed beneficial. These are:

I. Technical support to the Indian partner
An agreement of technical cooperation with Avanti Feeds Limited (AVANTI), India’s major shrimp feed producer, allows it to use TFM’s trade name and feed formulae to produce and sell shrimp feed in India;

II. Overseas JVs with partners
i. TFM joined with strategic partners to form PT Thai Union Karisma Lestari Co., Ltd. (TUKL), a subsidiary to produce and distribute aquaculture feeds in Indonesia. The two strategic partners are PT MSK, a major producer of frozen seafood in Indonesia, and AVANTI. TFM, PT MSK, and AVANTI hold 65 percent, 25 percent, and 10 percent of TUKL’s paid-up capital respectively.

ii. TFM formed a joint venture AMG-Thai Union Feedmill (Private) Limited (AMG-TFM) with a strategic partner in Pakistan. The Pakistani partner AMG is the country’s major producer of aquaculture feed. AMG holds 49 percent of shares in the new company while TFM holds 51 percent as of June 30, 2021. AMG-TFM produces 7,000 tons of fish feed per year and plans to increase capacity to 15,000 tons per year within 2021. The joint venture has started commercial operations and recognized revenues with net profit since the 2nd quarter of 2021;

III. Direct exports to various foreign countries, including Malaysia, Maldives, Myanmar, Pakistan and Sri Lanka.

IV. Domestic market expansion, TFM plans to develop new business and continues efforts in maintaining its competitiveness as an industry leader. The Company is the first in Thailand to produce and distribute feeds in form of pellets for sea bass to replace the use of fresh prey, and also a leading producer and distributor of feeds for giant sea bass. The Company has also launched products under its “fighting” brand through a marketing campaign to expand its customer base to more diverse segments as the demand for fish feed is on the rise. The Company has set its sights on promoting feeds for other fish species and has been putting in research and development efforts on feeds for other aquatic species, such as crab and gourami. TFM envisions a growth opportunity in the commercial animal feed sector that should help support food security in Asia.

Pichet Sithi-amnuay, managing director of Bualuang Securities, the financial advisor and underwriter of the Company’s IPO, says that TFM, with more than 20 years of experience and expertise, a highly qualified staff, a strong capital base and access to innovations, manages to improve its competitiveness and even raise the standards of the industry as a whole. TFM is capable of producing products of high quality with consistency and high performance, contributing to the healthy growth of aquatic species. TFM can also produce a range of products encompassing the entire life cycle needs of aquaculture at competitive prices. TFM’s products and brands have earned customers’ trust and satisfied their diverse demands over a long period of time.

For these reasons, TFM is in a prime position to pursue growth opportunities in both local and overseas markets through expansion in the production of feeds for aquatic and other types of animals. Other channels of overseas expansion include entering into cooperative agreements with local strategic partners or joint ventures to set up production bases, which will contribute to the Company’s sustainable growth. Thus far, TFM has attracted great interest from institutional and retail investors. It is a clear sign of confidence that TFM shares are of strong fundamentals which should gain wide acceptance from investors.

Released by Public Relations Dept., MT Multimedia Co., Ltd. for Thai Union Feedmill Public Company Limited
For more information, please contact: Ornanong Pattaravejakul (Fah)
Tel: +66-99-194-6597, +66-86-801-8888, Email: ornanong.p@mtmultimedia.com

Accounting & Finance Show Malaysia 2021

The first-ever Accounting & Finance Show Malaysia 2021 is launching on 12 October, bringing together those driving technological change in finance and accounting across Malaysia and beyond.

Aimed at providing the best insights to enhance the ability and speed at which businesses adopt digital tools and technologies within the accounting and finance function, the one-day virtual event will feature 30+ local and international industry leaders who have leveraged technology to revamp and streamline their workflows.

With 2 conference channels, Digital Business and Digital Practice, attendees can engage in debates and discussions revolving digital innovation, accounting tech, running a digital practice, intelligent automation, cloud solutions and vital skills required by accounting & finance professionals for the future. Spotlight topics include “Keynote: Futureproof Your Firm for Client Success” by Xero and CALTRiX, “Keynote: The benefits of kickstarting the digitalisation of your practice in 2021” by Mahzan Sulaiman PLT, “The Future of the Accountants in the New Digital Age” by Institute of Management Accountants and “Panel: Leveraging technology: Standing out from your competition” by ANISE Consulting, Jovani & Co Chartered Accountants, Red Beak and YesBoss.

Featured speakers at Accounting & Finance Show Malaysia 2021 include:
– Haroon Aslam, Regional Finance Director, Getz Healthcare
– Andrew Choong, Auditor, Baker Tilly Malaysia
– Hoe Yin Lou, Partner, RSM Malaysia
– Chrishini Richards, Head of Finance, Taco Bell Malaysia
– Coreen Atencio, Lead Consultant, ScaleNorth Advisors
– James O’Reilly, Head of Operations APAC, Unit4
– Richard Hayler, CFO, Nutrition Technologies
– Venkkat Ramanan, Regional Vice President – Asia Pacific, Association of International
Certified Professional Accountants
– Auro Sen, Head of Finance and FP&A, ULA
– Kevin Fitzgerald, Managing Director, Xero Asia
– Daniel Hustler, Education Manager, Xero Asia
– Christian Antono, Strategic Partnerships Manager, Xero Asia

Running alongside the conference, our amazing sponsors are ready to showcase their cloud-based accounting software and other digital tools and technologies at the virtual exhibition, Meet Title Sponsor Xero, Silver Sponsor Unit4, Associate Sponsors Cynopsis Solutions, EasyStore, Payroll Panda and more on our integrated and fuss-free event platform.

“The last five years have seen the accounting industry become increasingly tech-savvy, with The Cloud sitting at the centre of innovation. Cloud accounting has enabled greater efficiency, accuracy, transparency, time and cost savings for businesses then ever before, giving accountants and bookkeepers more time to focus on strategic planning, business growth and creating greater value for their clients. We are delighted to be a part of this year’s Accounting & Finance Show Malaysia, and together with other industry experts share our learnings and insights to help practices from Malaysia and beyond achieve greater success,” said Kevin Fitzgerald, Managing Director – Asia at Xero.

The Accounting & Finance Show Malaysia 2021 is expected to be a gathering of Malaysia’s accounting and finance stakeholders, facilitating the exchange of ideas to foster advancement within the industry.

Details of the one-day virtual event are as follows:
Accounting & Finance Show Malaysia 2021
12 October 2021 | Virtual Free-to-Attend
Website: https://bit.ly/3uMkoJa
Register: https://bit.ly/3A9d8Ic
Agenda: https://bit.ly/3Ae5xIy

About Terrapinn

Terrapinn is an international events media business with 30 years’ experience developing best in class conferences and exhibitions across a wide range of key industry verticals. With our global footprint and offices in London, New York, Singapore, Sydney, Dubai and Johannesburg, we’ve been sparking ideas, innovations and relationships that transform businesses. In Asia we run 17 pan Asian events; Telecoms, Enterprise Technology, Life Sciences, Transportation, Accounting, Logistics, Education and Renewable Energy sectors. In 2020, we ran over 80 virtual events and total attendance across all shows was in excess of 70,000.

For more information, please contact:-
Lim Jia Le
Marketing Executive Terrapinn Pte Ltd
Tel: (65) 8133 1705
Email: jiale.lim@terrapinn.com

Ni Hsin Ventures into Fifth-Party Logistics (5PL)

Ni Hsin Ecologistics Sdn Bhd, a wholly-owned subsidiary of the Bursa Malaysia Main Market-listed Ni Hsin Group Berhad (formerly known as Ni Hsin Resources Berhad) (“Ni Hsin”), has today entered into an Investment Agreement for the acquisition of a 60% stake in Pride Logistics Alliance Sdn Bhd (“PLA”) (“the Proposed Acquisition”).

Established in 2014, PLA is principally engaged in providing freight forwarding services. The Company’s business includes freight, forwarding, haulage & transportation, warehousing and international agency services.

Managing Director of Ni Hsin Ecologistics Sdn Bhd, Khoo Chee Kong, said: “We are diversifying into the logistics industry to complement our food and beverage business as we see this acquisition as cementing the last mile of the ecosystem where we are using electric vehicles for delivery. PLA has an experienced team with the knowledge and expertise in logistics that we can leverage on.”

Ni Hsin also sees the acquisition as a springboard into the logistics business, especially in fifth-party logistics (5PL), where it can manage all supply-chain processes for customers supported by a sizeable warehouse equipped with Automated Storage and Retrieval System (ASRS), which is designed to buffer, store, and retrieve product and inventory on demand. Other ASRS benefits include more efficient use of floor space, increased storage density, increased order-picking accuracy and improved product security for premium inventory.

“Our ASRS-equipped warehouse is strategically located in the Klang Valley and is well suited for 5PL operations as well as fulfillment services business through the entire value chain from storage to shipping to handling returns from customers at minimum cost. The market is also currently facing a shortage of warehouse space and rentals have risen significantly.”

Khoo adds “Given the more complicated supply chain arising from the growth of e-commerce and higher expectations from customers, many businesses are now looking to outsource their logistics management to others and we are in a good position to seize this opportunity with the support of PLA and the resources of our warehouse. We believe the share of 5PL providers in the global logistics market will increase considerably over the next few years.”

Issued by: Swan Consultancy on behalf of Ni Hsin Group Berhad

Please contact the below for more information:
Hakim Juraimi
Tel: +60 12-318 5410
Email: h.juraimi@swanconsultancy.biz

TVS Motor Company Forays Into the Personal E-Mobility Business With a Majority Stake in European E-Bike Brand EGO Movement

TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, today announced a partnership with EGO Movement as a majority shareholder, in an all-cash deal through its Singapore Subsidiary TVS Motor (Singapore) Pte Ltd. The partnership is in line with TVS Motor Company’s commitment to building an aspirational product portfolio while nurturing sustainable and scalable brands. It also reiterates the company’s strategy to expand its global presence in developed markets, commencing with Europe, which serves as the heart of the e-bike mobility landscape.

From Left to Right – (L-R) Sir Ralf Speth, Board of Director, TVS Motor Company; Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Company; Mr. Daniel Meyer and Ms. Marie So(Co-Founders, EGO Movement)

Led by the co-founders Daniel Meyer and Marie So, EGO Movement is a Swiss technology company providing innovative mobility solutions through a portfolio of e-bikes, e-cargo bikes, and e-scooters. The company combines unique designs with innovative software and hardware to deliver a differentiated customer experience. It has an omnichannel network across Switzerland, Liechtenstein and Germany with plans to expand across Europe, combining the best of strategically located stores with a seamless online experience.

Speaking on the occasion, Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Company, said, “The partnership with EGO Movement reaffirms TVS Motor Company’s commitment towards electrification and the broader sustainability agenda. We are building a strategic personal e-mobility ecosystem by scaling unique brands which share our vision of delivering compelling customer experience benchmarks through cutting-edge, aspirational products. EGO Movement has a strong presence in Europe with customer-centric products, a unique omnichannel network and a visionary team at its helm. Together, we will address global urbanisation by delivering unique e-mobility solutions with e-bicycles and mobility across a diversity of forms.”

Mr. Venu further added, “It is also an important milestone in our journey to grow our presence in Europe, with the Norton Motorcycles acquisition last year and now the launch of the personal e-mobility platform.”

Over the past decade, the personal mobility landscape has evolved significantly with the global sustainability agenda, increasing urbanisation and advancement in battery technology. The global pandemic also became a key catalyst in accelerating the adaption to personal mobility. The e-bike market has been at the forefront of personal mobility innovation, with new business models and technologies advancing rapidly with global trends. Various sub-segments have also emerged to cater to customers’ evolving needs – ranging from city bikes for daily commute to mountain bikes for adventures or cargo bikes for carrying loads or people.

Co-founder and CEO of EGO Movement, Daniel Meyer, commented “As a Swiss based strongly mission-driven company, we are excited to be teaming up such a highly respected global partner and industry leader. Our team is fully committed to taking the company to the next phase. We are confident that together with TVS Motor Company, we will be able to create more value for all partners and customers of EGO Movement focusing on further growth by following our mission of a greener way of e-mobility.”

EGO Movement’s product portfolio focuses on delivering sustainable products with the latest technology and stylish designs.. A powerful battery is blended harmoniously into the frame, whose ergonomic design allows for a comfortable upright sitting position. In addition, with technical refinements such as a powerful mid-motor including a torque sensor, a USB port on the removable lithium-ion battery and an LED light that automatically switches on at dusk. The unique and innovative design philosophy has earned the company multiple awards, including the prestigious Red Dot Award.

About TVS Motor Company
TVS Motor Company is a reputed two and three-wheeler manufacturer and is the flagship company of the USD 8.5 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 70 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys for five years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. For more information, please visit www.tvsmotor.com.

About EGO Movement
Innovative technology, excellent designs, ten own stores in Switzerland and Germany, as well as extensive service: EGO Movement’s mission is the e-volution of mobility. Whether e-bikes, e-cargo bikes, e-scooters or smart networking with its own software platform – as a Swiss technology company and manufacturer of technically mature products for high-quality mobility solutions, EGO Movement ensures more individual freedom and makes a contribution to more Sustainability as well as environmental protection and above all offers a great driving experience. https://egomovement.com/de/de/

Media contacts:Namrata Sharma – namrata.sharma@adfactorspr.comNeha Chaturvedi – neha.chaturvedi@adfactorspr.com

Open Banking Expo Reunites Open Banking and Open Finance Ecosystem After 18 Months Apart

Open Banking Expo, the largest global community of Open Banking and Open Finance executives driving the biggest digital transformation in the financial services sector, will this November bring back together European innovators, disruptors and visionaries.

On 4 November 2021, leaders and experts from across the breadth of financial services, including the UK’s largest banks, fintechs, credit card and payments providers, business lenders and regulators, will gather to share lessons learnt from the initial implementation journey and insights into the future of the industry, as well as what is required for continued adoption of Open Banking and Open Finance across the globe.

With Token as its headline partner, this year’s event, the first in-person gathering in over 18 months, comes at a time when the industry is anticipating change in Open Banking governance in the UK and follows the mandate from the Competition & Markets Authority (CMA) on variable recurring payments (VRP).

Todd Clyde, CEO of Token, said: “We’re delighted to support the Open Banking Expo UK as its headline sponsor. Since last year’s Confex, Open Banking has seen tremendous growth and is fundamentally changing the payments landscape. As Open Banking payments reach a tipping point, we are excited to reconvene together with industry innovators and visionaries to carry forward the mission that Token shares with Open Banking Expo: to drive the shift to an Open Banking-powered world.”

Adam Cox, co-founder of Open Banking Expo, said: “This year’s Confex comes at a time when we all anticipate change in the governance of Open Banking in the UK. It is therefore the perfect opportunity to bring together the Open Banking and Open Finance community in Europe to explore how far we have come on the implementation journey and what the next chapter will look like. Furthermore, the world of Open Banking payments has exploded in recent months and we’re delighted to welcome first adopters to share their insight as the market predicts continued growth.”

Headlining more than 80 speakers sharing topical and fresh content across five stages, the Confex is the perfect opportunity to reunite with industry friends and colleagues and to build new relationships. Speakers include:

High-street banks
– Daniel Globerson, Head of Open Banking, NatWest Group
– Harcus Copper, Global Channel Lead, Barclays
– Hetal Popat, Open Banking Director, HSBC
– Duncan Lathwell, Director, Cash & Trade Sales, Midlands & East, NatWest Group
– Jason Wilkinson-Brown, Head of Digital Propositions, Partnerships & Open Banking, TSB
– Marion King, Director of Payments, NatWest Group
– Phil Gossett, Head of Innovation, Nationwide

Investment bank
– Winston Pearson, UK Open Banking Lead, Goldman Sachs

Challenger & international banks / alternative & business lenders / SME finance
– Hayley Viner, Products Lead, UK payments, ClearBank
– Helen Bierton, Chief Banking Officer, Starling Bank
– Natalie Ledward, Head of Vulnerable Customers, Monzo
– Vicki Bracey, Open Banking Product Director, Mettle
– Nick Fahy, Chief Executive Officer, Cynergy Bank
– Noam Zeigerson, Chief Data & Technology Officer, Tandem Bank
– Richard Davies, Chief Executive Officer, Allica Bank
– Rob Hale, Chief Digital Officer, Regional Australia Bank
– Ylva Oertengren, Chief Operating Officer & Co-founder, Simply
– Simon Cureton, Chief Executive Officer, Funding Options

Credit cards & payments
– Charlotte Duerden, UK Managing Director, American Express
– Nilixa Devlukia, Regulatory Expert, Payments Solved
– Sendi Young, Managing Director, Ripple
– Todd Clyde, Chief Executive Officer, Token
– Chris Higham, Head of Cards & Payments, Secure Trust Bank

Fintech
– Sam Seaton, Chief Executive Officer, Moneyhub
– Will Billingsley, Co-founder, ApTap
– Dr Leda Gyptis, Chief Client Officer, 10x Future Technologies
– Dr Ruth Wandhofer, Global Fintech 50 Influencer
– Rune Mai, Chief Executive Officer & Co-founder, Aiia

Policy, regulation and industry bodies
– Dr Bill Roberts, Head of Open Banking, Competition & Markets Authority
– Simon Lyons, Head of Ecosystem Engagement, Open Banking Implementation Entity
– Chris Hemsley, Managing Director, Payment Systems Regulator
– Becky Clements, Director of Payments, UK Finance
– James Shafe, Head of Consumer & Retail Policy Department, Financial Conduct Authority
– Liz Barclay, Small Businesses Commissioner
– Janine Hirt, Chief Executive Officer, Innovate Finance
– Phillip Mind, Principal, Financial Services, UK Finance

There are 500 tickets available to senior leaders and executives and the agenda is now live. Open Banking Expo was crowned ‘Best Conference Series’ at the 2020 Conference Awards for its conferences in the UK, Europe and Canada.

Notes:
– The full list of speakers is available here (bit.ly/3A6mq8E).
– A press room will be open for journalists on the day. If you would like to attend the event, please email Liz Walker on liz.walker@openbankingexpo.com to register.
– Visit the event website for agenda.
– Download event collateral and logo.
– For more information please contact: adam@openbankingexpo.com or visit www.openbankingexpo.com
– Follow us on LinkedIn and Twitter; #OBExpo

About Open Banking Expo

Open Banking Expo is a global community of Open Banking executives responsible for digital transformation across the financial services sector. The brand organises face to face and virtual events for the UK, North America and European markets in addition to webcasts, TV episodes and podcasts throughout the year. Open Banking Expo hosts an online news resource dedicated to Open Banking and Open Finance. It also hosts the Open Banking Expo Hub, a directory of organisations powering Open Finance. For more information visit www.openbankingexpo.com.

Contact: Adam Cox, co-founder
E: hello@openbankingexpo.com
T: +44 (0)20 7993 5159
W: openbankingexpo.com

About Token

Token is an open banking payments platform driving the shift from card to bank payments with best-in-class, Pan-European bank connectivity, data and compliance capabilities. With Token’s toolkit, the best and brightest merchants, PSP’s and banks create new capabilities and revenue streams through our broadest, Pan-European connectivity to banks. Token is both bank and developer-friendly, and multi-standard by design.

Contact: Todd Clyde
E: todd.clyde@token.io
T: +44 (0) 7305 780365
W: https://token.io

Source: https://zephyrnet.com/ (bit.ly/3k1viqu)

Accounting & Finance Show Asia 2021: The largest technology event in Asia for accountants and finance professionals

On 21-22 September 2021, the Accounting & Finance Show Asia 2021 returns for its 4th edition, bringing together the region’s accounting and finance professionals.

In two years of disruption, businesses around the world have adapted quickly to rethink their processes and navigate the challenges. This largest gathering of the year for Asia’s accounting and finance professionals will help SMEs, enterprises and accounting firms to build on their digitalisation to date by sharing updates on the latest digital tools and technologies alongside expert advice on how to plan and prioritise for 2022 and beyond.

More than 100 accounting and finance leaders innovating and disrupting accounting and finance in Asia will take the virtual stage across 3 key channels, Digital Innovation: Keynotes & Tech Talks, Digital Practice and Accounting Tech: Adopt, Connect & Grow.

Opening the event on Day 1, Daniel Hustler, Education Manager – Asia, Xero will provide tips on how technology can be utilised to get paid faster and to better manage cashflow at the keynote session. Leaders from AirAsia, Tatler Asia, Motorola Solutions and Western Union Business Solutions will then take over with the first panel discussion on the most important insights, opportunities and risks for finance leaders in 2022 and beyond.

Day 2 kicks off with a keynote session presented by Kevin Fitzgerald, Managing Director – Asia, Xero who will share how accounting firms can shift to the cloud to attract and retain clients. In the afternoon, Cece Leung, Managing Partner, The Entrepreneur CFO, Jasmine Chung, Head of Finance, Foodpanda Hong Kong and Jeremy Li, Finance Director – APJ, Veeam Software will be leading a keynote panel on how some of Asia’s fastest-growing companies have planned for scalability with the right technology.

Other featured speakers at Accounting & Finance Show Asia 2021 include:
– Haroon Aslam, Finance Director, GETZ Healthcare
– Alan Wong, CFO, Olive Tree Estates
– Will Farnell, Founder, Farnell Clarke
– Sandra Blankson, Financial Controller, Luther LLP
– Richard Hayler, CFO, Nutrition Technologies
– Samuel Lim, Partner, Axios LLP
– Henry Tan, CEO, Nexius
– Charles Chen, Managing Partner, Charles & Partners
– Axel Hauke, Trader/Treasury Manager, Agrocorp International Pte Ltd
– Aly Garrett, Founder, All In Advisory
– Elaine Lim, Director, Agere Accounting
– Heather Smith, Accounting App Hype Girl, Anise Consulting

Running alongside the conference is a virtual exhibition hall where attendees can discover and demo the latest digital solutions. Our fantastic sponsors are ready to show how they can help businesses transform digitally. Meet Title Sponsor Xero, Gold Sponsors BlackLine, Gaviti, Jenji, Practice Ignition, Silver Sponsors Fathom, Inflo, Payoneer, SAP Concur, Unit4, Western Union Business Solutions and more, all at the click of a button.

“The last five years have seen the accounting industry become increasingly tech-savvy, with The Cloud sitting at the centre of innovation. Cloud accounting has enabled greater efficiency, accuracy, transparency, time and cost savings for businesses then ever before, giving accountants and bookkeepers more time to focus on strategic planning, business growth and creating greater value for their clients. We are delighted to be a part of this year’s Accounting & Finance Show Asia, and together with other industry experts share our learnings and insights to help practices across Asia achieve greater success,” said Kevin Fitzgerald, Managing Director – Asia at Xero.

The Accounting & Finance Show Asia 2021 is expected to gather over 2,000 accounting and finance stakeholders from Asia and beyond, and is set to be an event driving innovation, growth and collaboration within the industry.

Details of the 2-days virtual event are as follows:
Accounting & Finance Show Asia 2021
21-22 September 2021 | Virtual Free-to-Attend
Website: https://bit.ly/2WZqSaP
Register: https://bit.ly/3DPasm1 Agenda: https://bit.ly/3ySAZLr

About Terrapinn

Terrapinn is an international events media business with 30 years’ experience developing best in class conferences and exhibitions across a wide range of key industry verticals. With our global footprint and offices in London, New York, Singapore, Sydney, Dubai and Johannesburg, we’ve been sparking ideas, innovations and relationships that transform businesses. In Asia we run 17 pan Asian events; Telecoms, Enterprise Technology, Life Sciences, Transportation, Accounting, Logistics, Education and Renewable Energy sectors. In 2020, we ran over 80 virtual events and total attendance across all shows was in excess of 70,000.

For more information, please contact:– Lim Jia Le
Marketing Executive Terrapinn Pte Ltd Tel: (65) 8133 1705
Email: jiale.lim@terrapinn.com