Category: Daily Finance

Tata Communications IZO Financial Cloud: A purpose-built community cloud for banking, financial and fintech enterprises discussed with tech leaders

Today, an established technology such as the cloud is driving global corporate development and expansion. To stay competitive, organisations are investing in both private and numerous public cloud systems.

Speaking at the Big BFSI Future Tech Show – India, Sridhar S, Vice President, Managed Services – Cloud, Hosting & Security, Tata Communications Ltd discussed the current landscape of the Indian BFSI sector and how it has got accentuated in this current pandemic situation. He also spoke about the change in way of doing business in the new normal in the BFSI industry, and technology that the banks should implement to create a robust core for the business. In his insightful session, he introduced the audience to the TATA Communications secured platform to host BFSI workloads known as IZO Financial Cloud.

In his tech talk, he stated, “AI, ML is being very easily used these days, but the impact that it can create with the newer technology utilization in customer management is immense. It is going to make customer understanding a lot better and it is going to enable banking companies to provide far more focused service to customers. A very well-orchestrated open banking platform which is API-driven is an extremely important enabler for the future of banking operations.”

Rajesh Awasthi, Global Head of Cloud and MHS at Tata Communications was part of a panel on the topic ‘Cloud Banking: Cloud & Data Centers Take Center Stage’ where the panellist discussed the best cloud deployment model for BFSI in terms of Public or Hybrid or Multi-Cloud, the challenges faced when moving into the cloud and the future off data centres and cloud and much more.

The panellists who joined him in the session included Shiju Rawther – Chief Information & Technology Officer, CARE Ratings Limited; Kirti Patil – Joint President & CTO, Kotak Mahindra Life Insurance Co. Ltd.; Amit Saxena – Global Dy. CTO, SBI; Dr Suresh A Shan – Head, Innovation & Future Technologies Business Information Technology Solutions (BITS), Mahindra & Mahindra Financial Services Limited and Murari Sridharan – CTO, Bankbazaar.

“Tata Communication’s ability to implement Hybrid and Multi-cloud solutions, underpinned by their global network infrastructure and guarded by their security solutions, enables them to provide companies with a seamless Cloud transition path,” stated Mithun Shetty, CEO, Trescon.

The show was hosted on the virtual events platform Vmeets to help participants network and conduct business in an interactive and immersive virtual environment. Participants could also engage with speakers in Q&A sessions and network with solution providers in virtual exhibition booths, private consultation rooms and private networking rooms.

About IZO Financial Cloud.

IZO Financial Cloud is a secure and scalable managed community cloud. It’s purpose-built with BFSI institutions in mind and designed to support the evolution of next-generation banking services – all from a foundation that’s absolutely resilient and conformant. Founded on a high-performing, private cloud platform, IZO Financial Cloud ensures business continuity and the smooth transition of legacy workloads, as well as supporting the easy development and fast deployment of new technologies and app modernisation. It offers all-round assurance, embedded security and visibility across your entire estate via integrated and unified controls, making it easy to stay compliant.

About TATA Communications Limited

Tata Communications Limited is a digital ecosystem enabler that powers today’s fast-growing digital economy. With its solutions-orientated approach, proven managed service capabilities and cutting-edge infrastructure, Tata Communications Limited drives the next level of intelligence powered by cloud, mobility, Internet of Things (IoT), collaboration, security and network services.

Tata Communications Limited is committed to enabling Industry leaders in this New World of Communications, with our unique promise of delivering secure connected digital experiences.

About Big BFSI Future Tech Show

Big BFSI Future Tech Show is a thought-leadership-driven, business-focused initiative that provides a platform for tech leaders who are looking to explore and adopt new-age future-tech within their organization.

The show is virtually hosting tech leaders from across India, who will meet, network, learn and engage with some of the world’s renowned technology thought-leaders, subject matter experts and technology innovators in a constructive, open-dialogue environment to find solutions for issues hindering their operations and services.

For further details, please contact:
Monith M Shetty
Corporate Communication Executive
marketing@tresconglobal.com

SMI signs MOU with The9 for the development of a cryptocurrency cloud-mining platform

The Board of Singapore Myanmar Investco Limited (“SMI”) is pleased to announce that it has entered a comprehensive non-binding memorandum of understanding (“MOU”) yesterday with NASDAQ-listed Internet company The9 Limited, to launch a cryptocurrency cloud mining business.

Focusing initially on three types of cryptocurrencies – Bitcoin (BTC), Filecoin (FIL) and Chia (XCH) – the mining business will be hosted in a range of facilities across Canada, US, Central Asia and the ASEAN region to serve customers. This business is expected to commence in Q4 2021 and will be subject to regulatory approval.

Following the MOU, SMI has also entered into a cooperation and support agreement yesterday, which includes a range of technical support services to be provided by NHASH (Hang Zhou Suan Li Technology Co Ltd), a cryptocurrency cloud mining Software-as-a-Service (“SaaS”) company, for an initial five year term, and with an option to extend for another five years, subject to mutual agreement.

This agreement also presents SMI with the option to purchase up to 4,000 crypto mining machines, including models such as the Antminer S19j, and the Whatsminer M31S+, for a consideration to be further agreed on by both parties. Any payment through shares will be subject to the approval of SMI’s shareholders at an extraordinary general meeting to be convened in the later part of the year.

SMI, The9 and NHASH are committed to best practices in reducing the environmental impact of cryptocurrency cloud mining operations.

“SMI is delighted to embark on this initial range of mining products and services, making it easier for customers in our region to participate in cryptocurrency mining. We will continue to work with The9 and other partners to bring a range of other leading digital products and services to market, as we pivot SMI away from its traditional businesses,” said Mark Bedingham, President and CEO of SMI.

This latest move follows SMI’s entering into a subscription agreement with The9 for new shares in SMI, as announced by SMI on 21 June 2021.

About Singapore Myanmar Investco

Singapore Myanmar Investco Limited (“SMI”) is an investment and management company focused on the high-growth emerging economy of Myanmar. SMI adopts a diversified business model to capitalize on the strong trends in consumer spending, international tourism and infrastructure investment.

On June 30 2021, SMI announced its intention to pivot the company in a new direction encompassing cryptocurrency, SaaS and other high technology platforms subject to approval of SGX-ST, and SMI’s shareholders at a general meeting to be convened in the later part of the year (“EGM”), for a diversification of SMI’s core business. SMI is also looking to work with other partners in the areas of gaming, digital entertainment and robotics.

Listed on the Main Board of the Singapore Stock Exchange, SMI has a highly capable and experienced management team with proven track record in finance, business development and emerging markets.

For media queries, please reach out to:
Ashley Tan
Financial PR
E: ashley@financialpr.com.sg
T: (+65) 6438-2990

Opal and Funding Societies Partner to Strengthen SME Cash Flow

Opal, a Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS), and Funding Societies, Southeast Asia’s largest SME digital financing platform, have initiated a partnership to offer a range of financing solutions to Opal’s ecosystem of clients and partners. This partnership aims to provide Opal’s clients and partners access to financing so as to address short-term cash flow needs and capitalise on growth opportunities.

Lim Ming Wang, Co-founder, Opal
Shrawan Saraogi, Head of Partnerships and Products, Funding Societies

Under this partnership, Opal will offer Funding Societies’ range of financing solutions to small and medium enterprises (SMEs) who will be able to access multiple financing solutions at a relatively lower rate and a quicker processing time. Further, to reduce the financial burden on SMEs, Opal and Funding Societies will reduce processing fees on all disbursals up to 50% of the loan amount and offer a full waiver of the facility fee on all line products.

Lim Ming Wang, Co-founder of Opal said, “Based on MAS’ growth forecast for 2021, Singapore’s economic growth will be robust but uneven. As a company that is focused on SMEs in Singapore, we want to be able to assist businesses at their time of growth who are looking for solutions to strengthen their cash flow. We are excited about this partnership as businesses can now have access to multi-currency management, payments, and financing solutions from a single platform on Opal. As our technology is driven by the interconnectivity of these different financial-business solutions, companies will get ever better rates and faster turnaround times.”

Shrawan Saraogi, Head of Partnerships and Products at Funding Societies said, “As a FinTech founded with the mission to uplift economies, we believe in helping SMEs obtain access to financing solutions that are easy and fair. We want to help them by providing the impetus for growth. I believe this partnership is ideal, as we would be able to support Opal’s ecosystem of clients and partners with our wide range of growth financing solutions.”

Aside from offering financing solutions via Funding Societies, Opal also provides cross-border money transfer and multi-currency accounts to SMEs in Singapore. Opal aims to make business financing more accessible and transparent to its customers.

About Opal

Opal is a leading provider of end-to-end, regulated payment and financial solutions based on a robust, proven platform and proprietary technology. Founded by a team of professionals seasoned in financial solutions, banking, compliance, cross-border payments and money management, Opal offers a broad set of financial solutions to help clients meet their diverse needs in today’s ever-changing financial and business environment. OPAL is licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore. For more information, please visit www.opalpayment.com

About Funding Societies

Funding Societies | Modalku is the largest SME digital financing platform in Southeast Asia. It is regulated in Singapore, Indonesia, Thailand, and registered in Malaysia. It is backed by Sequoia India and Softbank Ventures Asia Corp amongst many others and provides business financing to small and medium-sized enterprises (SMEs), which is crowdfunded by individual and institutional investors. In 6 years, it has helped finance over 4 million business loans with over S$2 billion in funding. It was given the MAS FinTech Award in 2016, the Global SME Excellence Award at the United Nations’ ITU Telecom World in 2017, KPMG Fintech100 in 2018, Brands for Good in 2019, and in 2020 recognised by IDC as amongst the 5 fastest growing FinTechs in Singapore, won the Stevie(R) Award for Innovation in Technology, and named ASEAN Startup of the Year by Global Startup Awards. https://fundingsocieties.com/

Accounting & Finance Show Hong Kong 2021 (28-29 July 2021)

Returning for the 3rd edition, the Accounting & Finance Show Hong Kong 2021 will see 80 local and international accounting and finance leaders and technology experts taking the virtual stage on 28-29 July 2021. The 4 key channels, Digital Innovation, Accounting Tech: Adopt, Accounting Tech: Connect & Grow and Digital Practice will focus on stories and real-world examples, enabling attendees to gain invaluable insights and practical information on how to set out or continue in their own digitalisation journey.

Over the two days, the live online agenda will cover all the latest innovations in accounting and tech from cloud accounting software to AI and robotics. Session highlights include
– “Adoption & Innovation: How the pandemic has transformed the way accountants and finance professionals leverage technology”
– “CFO: 4.0: The changing role of the CFO in business strategy”
– “Using technology to build confidence in finance teams during turbulent times”
– “How actionable and real-time analytics will drive your business forward”
– “Going Digital: Why keeping up is so important”

These sessions will assist accounting and finance professionals in accounting firms and businesses in any industry to progress their digital transformation journeys, elevate their digital skills and futureproof their organisations.

Expert speakers sharing their insights include:

– Helen Ahlstedt, Chief Financial Officer, Allegis Group
– Thomas Au Yeung, Global Finance Director, Tron Foundation
– Christophe Batallie, CFO Asia Operation, Lacoste
– Collin Jin, National Audit & Assurance Innovation Leader, Deloitte
– Kyelie Baxter, Managing Partner, IQ Accountants
– Emil Chan, Chairman, The Association of Cloud and Mobile Computing Professionals
– Jasmine Chung, Head of Finance, FoodPanda Hong Kong
– Kevin Fitzgerald, Managing Director, Asia, Xero
– Travis Huggins, Regional Leader – Finance, Woods Bagot
– James Liu, Finance Director IKEA, Diary Farm Group
– Michelle Lombard, CFO, Tatler
– Emma Martin, Commercial & Finance Director, Ogilvy & Mather Asia Pacific
– Aaron Pang, Associate Director Business Transformation, EY
– Stephen Lo, CFO, Prenetics
– Amy Ip, Managing Director, Caas

As the event’s Title Sponsor, Xero will be joined by a range of its app partners, who will present fully integrated solutions in the Xero Connected App Partners Pavilion. CardUp, Fathom, Cynopsis Solutions, HReasily, Spotlight Reporting and other industry leaders will also be showcasing the latest solutions for Hong Kong’s accounting and finance professionals.

“Over the last five years, the accounting industry has become more tech-savvy than we ever anticipated, and at the centre of this is The Cloud. The Cloud has enabled greater efficiencies, accuracy, transparency, time and cost savings than businesses have ever known, giving you more time to focus on strategic planning, business growth and creating greater value for your clients. The Accounting & Finance Show Hong Kong is a great place to hear from industry experts about their learnings and insights. We are delighted to be a part of this event. Join us and discover the latest digital trends, and understand how we can help practices across Asia achieve greater success with our expertise,” said Kevin Fitzgerald, Managing Director – Asia at Xero.

The Accounting & Finance Show Hong Kong 2021 isn’t just a chance to hear from leaders who are working towards streamlining finance workflows and businesses, it is also a golden networking opportunity with real-time conversations taking place throughout the 2 days.

Details of the 2-days virtual event are as follows:
Accounting & Finance Show Hong Kong 2021
28-29 July 2021 | Virtual Free-to-Attend
Website: https://bit.ly/3hG8xGg
Register: https://bit.ly/2Uxslna
Agenda: https://bit.ly/3dVSH9o

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

KGISL Completes Acquisition of AETINS, Expands Expertise in the Insurance Space

KG Information Systems Private Limited (KGISL), a global IT services, consulting, and business solution provider, today announced the acquisition of AETINS Sdn. Bhd. through its wholly-owned subsidiary in Malaysia, KG Information Systems Sdn. Bhd. The acquisition is a part of KGISL’s growth strategy in the InsurTech space.

Prassadh Shanmugam, Director and Chief Executive Officer, KGISL

AETINS brings aboard an exceptional range of insurance solutions for Life, General and Takaful bundled with an unmatched domain expertise. AETINS’ Core Insurance Product and Solutions are well known in the market and are market-leading. The company serves a vast clientele of insurance firms in the Asia Pacific, Middle East, and North Africa. The people, products, and solutions from AETINS would be leveraged in expanding KGISL’s footprint in the InsurTech space.

KGISL has market presence in the Malaysia InsurTech (201301013805) space since 2006 and has grown as a market leader with its Point of Sale (PoS) and Claims Management Solution for the Non-Life Insurance segment. The acquisition of AETINS will now bring in Core Insurance Product and Insurance Solution Framework (ISF) into KGISL’s product offerings and opens doors to enter the wider Asia Pacific, Middle East, and Africa markets covering the Life, Non- Life and Takaful Insurance segments.

Mr. Prassadh Shanmugam, Director and Chief Executive Officer, KGISL commenting on the acquisition said, “I am super excited about this acquisition. AETINS’ Core Insurance products, Takaful offerings and good presence in the Middle East market are the missing pieces in KGISL’s Insurance offerings. It would have taken years for us to build this capability, so the acquisition is a perfect fit for KGISL. The employees of AETINS share the same integrity, culture and value systems of KGISL, so the integration will also be smooth and quick.”

Commenting on the acquisition, Dr Ashok Bakthavathsalam, Managing Director, KGISL said, “The acquisition brings together two leading InsurTech players in pursuit of a common mission, centred on providing the best value for customers, organisation and employees. With able leadership and a go-getter team, KGISL has been on a fast growth trajectory, clocking a five-fold growth in the last four years. This acquisition adds momentum, and I am confident that our growth will be even faster in the next 3 years.”

About KGISL – www.KGISL.com/gss

KG Information Systems Private Limited (KGISL) is a global IT Services, Consulting and Business Solutions provider in the BFSI space. KGISL offers Software Products, Solutions and Services in Intelligent Automation, ERP (SAP), CRM, Business Intelligence and Analytics, Quality Engineering, IT Infrastructure Management and Application Development. KGISL has offices in India, US, Malaysia, Singapore, Australia and Thailand.

KGISL is part of the $750 million business conglomerate KG Group with interest in Textiles, Engineering, Healthcare, Education, Real Estate, Entertainment, Software and Business Support Services. The Group employs over 25000 people and is known for its philanthropic services to the community for over 8 decades.

About AETINS (199801000924) – www.aetins.com

AETINS, established in 1998, is a single end-to-end Insurance and Takaful Solution provider that covers all lines of business: Individual Life, Group Life, Investment Linked and General. It spans across functions like illustration, quotation, new business, policy servicing, claims, agency management, commission and benefits, accounting and services. Our business is to help Insurance and Takaful Companies to strategize and operate by leveraging on Information Technology, a key enabler to achieve transformational growth through Operational Excellence and Innovation. See www.aetins.com.

For further information, please contact:

KGISL: Sampathkumar S | sampathkumar.s@KGISL.com | +91 9940069884

Adfactors PR (India):
Bhargav TS | bhargav.ts@adfactorspr.com | 9884883350
Shamitha Hegde | shamitha.hegde@adfactorspr.com | 9003107361

Adfactors PR (Singapore):
Namrata Sharma | namrata.sharma@adfactorspr.com | +65 8138 3034

Pertama Digital makes leap forward with two new investors for its digital bank

Pertama Digital has signed two MoUs to secure investment for its proposed digital bank

PENANG, Malaysia, June 24, 2021 – (ACN Newswire) – Pertama Digital Berhad announced today that it has signed Memoranda of Understanding (MoUs) with Perfect Hexagon Commodity and Investment Bank Limited (“PHCIB”) and Alsirat Sdn Bhd (“ASB”) to secure investment for its proposed digital bank.

Licensed as a Labuan investment bank under the Labuan Financial Services Authority, PHCIB is wholly owned under Perfect Hexagon Limited (“PHL”), a Hong Kong based entity. PHL is a global commodity and trade finance leader. PHL is also an Associate Participant of Bursa Malaysia Derivatives Berhad and a Liquidity Provider for the Hong Kong Exchanges and Clearing Limited.

Meanwhile, ASB is a wholly owned Bumiputera company that has more than 30 years’ experience in delivering mission-critical projects for customers since its inception. It provides digital evidence management solutions, big data analytics, machine learning, artificial intelligence and Internet of Things services.

According to the two MoUs, PHCIB and ASB both wish to support financial inclusion initiatives by investing in the digital bank proposed by Pertama Digital. Both investors will participate by contributing to the digital bank’s initial capital funds alongside Pertama Digital.

Pertama Digital’s Director of Strategy, Saify Akhtar, who also leads the company’s digital bank initiative, said: “We are pleased to welcome PHCIB and ASB as investors who bring additional long-term financial strength to our digital banking consortium, further enhancing our ability to deliver the financial inclusion objectives set out in Bank Negara Malaysia’s licensing framework for digital banks.”

PHL’s Group Director, Yap Sheng Feng, said: “PHCIB’s participation in this will be a synergistic collaboration with the consortium members, by leveraging on our experience in investment banking, treasury and asset management. With PHCIB’s global presence, Pertama Digital’s consortium can have a wider reach not just domestically but internationally as well.”

ASB director Tan Sri Abdul Rashid bin Abdul Manaf added: “ASB has seen first-hand the need to accelerate digital inclusivity due to the nature of our business, and we have decided that Pertama Digital’s unique focus on helping financially underserved Malaysians gain access to financial services is one that we would like to align ourselves with. The potential for horizontal synergies between ourselves, Pertama Digital and the digital bank is something that we look forward to as well.”

Pertama Digital is building a bank with both ethical and digital cores, offering responsible financing for productive purposes, in the best interests of its customers. The consortium intends to handhold customers to boost financial literacy and improve the relationship between Malaysia’s financially underserved and their money.

Pertama Digital, listed on the Main Market of Bursa Malaysia, received overwhelming shareholder approval on 21 August 2020 for its pivot from the textile business to the technology sector. Through an investment into homegrown govtech company, DAPAT Vista (M) Sdn Bhd, Pertama Digital is capitalising on global digital acceleration trends and has recently seen increased uptake in the group’s innovative digital solutions such as MyPay and eJamin, the world’s first smartphone court bail payment solution, now live in courts all over Malaysia.

Futu SG’s New Referral Programme “Share leh!” Rewards Users for Sharing

Futu Singapore Pte. Ltd. (“Futu SG”), a wholly-owned subsidiary of Futu Holdings Limited (Nasdaq:FUTU) announced the launch of its new “Share leh!” campaign on its latest one-stop investment platform, moomoo, which aims to further boost the idea of inclusivity and connectivity within the investing community. The campaign, which runs from 1 May to 31 May 2021, will provide benefits to both new and seasoned users.

In line with the company’s mission to “make investing easier and not alone”, Futu SG has come up with an enhanced referral programme where new users and their friends are able to earn up to 20 Twitter (TWTR) shares*, which have a net worth doubling more than what was offered during the last campaign (one was previously able to earn up to S$600 cash coupon). In addition, users who had opened an account prior to the campaign can still enjoy benefits from the new referral programme as their list of referrers gets reset back to zero.

Under the “Share leh!” campaign, new users will now receive 1 free Apple (AAPL) share, along with 180 days commission-free trading for US, HK & SG markets, free level 2 market data for US stocks and free level 1 real-time market data for SGX securities per new account opening with a minimum deposit of either S$2,700, US$2,000 or HK$16,000 before 1500 hrs on 31 May 2021*.

The key motivation behind Futu SG’s new campaign is the results from its previous survey on investing trends amongst Gen Z and Millennials, which found that many young investors have developed a greater interest in investing and have begun taking greater ownership of their finances. As “FOMO” (Fear of Missing Out) is highly undesired among these demographics, Futu SG hopes that its campaign would bring about an engaging social community that promotes a sense of inclusivity and culture to all users.

As highlighted by the campaign name, Futu SG hopes to show users how they will be rewarded by sharing offers, insights, profits graphs, and investment ideas to their peers. In addition, moomoo app provides an open forum known as the moo community which allows its users and clients to share investment ideas, ask questions and exchange insights through posts and live-streams. Features that are available in the community include digital content, tasks & missions and analytical guides for both new and seasoned investors. The moo community was created to boost the idea of making investing “not alone”, and seeks to help investors enrich their investing knowledge and establish rapport with other investors. Futu SG hopes that these initiatives will highlight how investment is never a lonely journey for users and that they will always have the backing of moo community.

Since its launch in Singapore this March, moomoo powered by Futu has received much success to date, having seen robust growth momentum and encouraging user feedback. The platform currently has more than 13 million users worldwide and possesses one of the fastest growing investor communities in the region which enables users to stay up-to-date of the latest investment trends.

Another testament to Futu Holdings Limited’s success is its achievement of the Fintech Award under the Trading Services category in the Singapore Business Review Awards 2021 for the launch and creation of moomoo.

Recognising the importance in having both user-friendly designs and advanced product features, Futu Holdings Limited designed moomoo with a slick interface which provides wide product offerings of market accessibility, data options, low commissions and user fees to reduce friction in accessing global investable products. moomoo app also includes AI-driven data screeners and easy-to-analyse trading charts, facilitating the convenience of trading across multiple markets with its multi-currency facility.

“We are very thankful to have received the SBR Awards and are confident that this is a positive sign of the success from our digitalisation efforts. Since establishing in 2012, we have always been on a mission to improve the investing experience of users through product upgrading and have dedicated over 70% of our employees to research and development. We also recognised that investing should not be a difficult and lonesome process and have therefore placed great emphasis on social elements. We believe that our latest campaign of rewarding users for sharing will show our commitment in being there for them along every step of the way,” says Leaf Li, Founder & CEO of Futu.

*Terms and conditions apply. The full terms and conditions and disclaimer can be found at https://j.moomoo.com/003U7L. This advertisement has not been reviewed by the Monetary Authority of Singapore. In Singapore, capital market products and services in moomoo are offered by Futu Singapore Pte. Ltd.

About moomoo

moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd, which is an advanced technology company transforming the investing experience by offering a fully digitised trading and wealth management platform. moomoo’s mission is to provide any level of investors with an intuitive and powerful investing platform by using technology. We keep improving customer’s experience and driving industrial innovation backed by independent technological research and development (R&D) capabilities on the whole trading process and our creative internet operating model. Capital markets products and services on moomoo are offered by Futu Singapore Pte. Ltd. to persons in Singapore, or to persons in jurisdiction where such offers are permitted. Futu Singapore Pte. Ltd. is a wholly-owned subsidiary of Futu Holdings Limited.

About Futu Singapore Pte. Ltd

Futu Singapore Pte. Ltd. is a wholly-owned subsidiary of Futu Holdings Limited. Futu Singapore Pte. Ltd. (www.futusg.com) is a capital markets services licence holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000).

About Futu Holdings Limited

Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitised trading and wealth management platform. Pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The organisation’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

For all media queries, please contact:
Ashley Tan
FPR
T: 6438-2990
E: FUTU-SG@financialpr.com.sg

Moomoo Inc. clinches Title Sponsorship for Yahoo Finance’s Exclusive Livestream of the 2021 Berkshire Hathaway Shareholders Meeting

Moomoo Inc, an all-in-one digitalised stock trading and wealth management platform and a wholly owned subsidiary of Futu Holdings Ltd (Nasdaq: FUTU), announced today that it has been selected as the title sponsor of the 2021 Berkshire Hathaway Shareholders Meeting live stream event. Yahoo Finance is the exclusive live stream host for the event which will be held on Saturday, 1 May 2021 beginning at 12:30 pm ET.

Berkshire Hathaway’s Annual Shareholders Meeting, known as the “Woodstock for Capitalists”, is one of the most well attended shareholder meetings in the world. In the new normal, the event will be broadcast remotely. Yahoo Finance will connect moomoo’s 13 million users to the only destination for investors and professionals to hear directly from billionaire investor Warren Buffett.

Millions of people around the world are expected to tune in to hear Chairman and CEO Warren Buffett, Vice Chairman Charlie Munger, Vice Chairman of Non-Insurance Operations Greg Abel and Vice Chairman of Insurance Operations Ajit Jain share their insights on economic recovery, today’s markets, the company, and more.

Mr. Leaf Hua Li, Founder & CEO of FUTU, said: “We are honoured to be selected as the Title Sponsor for Yahoo Finance’s live stream of Berkshire Hathaway’s Shareholder Meeting. The walls of access are tumbling down in this digital world and it is our privilege to provide our users with this opportunity.

There is always so much to learn from Berkshire Hathaway and Warren Buffett, one of the greatest investors of our times. We look forward to seeing a lively discussion on our moo community platform, with industry experts commenting and interpreting these nuggets of wisdom for our users.”

Created with the intention of fulfilling its mission in making investing “not alone”, the moo community serves as a platform for users to post investment ideas and trading history as well as interact directly with over 700 companies, fund managers, media and key opinion leaders through posts and live-streaming. On a daily basis, it has more than 1 million active users, over 310,000 user-generated content and over 3,000 posts. FUTU will be streaming the show live on its moomoo app, which is available in the Apple App Store or Google Play Store.

As an incentive to download the app for first time users, Futu Singapore is offering the following with a SGD 2,700 deposit for every account opening*:

– 1 Free Apple (AAPL) Share
– Cash coupon of SGD 30
– 90 days unlimited commission-free trading for US, HK & SG markets
– Free level 2 market data for US Stocks

The schedule of the live coverage is below, with special guests and interviews for the pre and post shows to be announced at a later date.

Yahoo Finance Livestream Programming Schedule:

· 12:30pm ET Yahoo Finance pre-show

· 1:30pm ET Shareholder Q&A with Warren Buffett, Charlie Munger, Ajit Jain, and Greg Abel

· 5:00pm ET Berkshire Hathaway business meeting

· 5:30pm ET Yahoo Finance post-show

· 6:00pm ET Livestream ends

The programme will also be broadcasted live on Yahoo Finance.

*Terms and conditions apply. The full terms and conditions and disclaimer can be found at https://j.moomoo.com/003U7L . This advertisement has not been reviewed by the Monetary Authority of Singapore. In Singapore, capital market products and services in moomoo are offered by Futu Singapore Pte. Ltd.

About Futu Holdings Limited

Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitised brokerage and wealth management platform. Pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The organisation’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

About Futu Singapore Pte. Ltd

Futu Singapore Pte. Ltd. is a wholly-owned subsidiary of Futu Holdings Limited.Futu Singapore Pte. Ltd. (www.futusg.com) is a capital markets services licence holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000).

About moomoo

moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd, which is an advanced technology company transforming the investing experience by offering a fully digitised brokerage and wealth management platform. moomoo’s mission is to provide any level of investors with an intuitive and powerful investing platform by using technology. We keep improving customer’s experience and driving industrial innovation backed by independent technological research and development (R&D) capabilities on the whole trading process and our creative internet operating model. Capital markets products and services on moomoo are offered by Futu Singapore Pte. Ltd. to persons in Singapore, or to persons in jurisdiction where such offers are permitted.

For all media queries, please contact:

Ashley Tan / Jass Lim
FPR
T: 6438-2990
E: FUTU-SG@financialpr.com.sg

Pertama Digital expresses interest to apply for BNM’s digital banking license, currently in talks to form dedicated consortium

Pertama Digital Berhad (PERTAMA), a Bursa Malaysia Main Market listed investment holding company in the government technology and fintech spaces, today announced its digital banking aspirations and revealed that it is currently in advanced joint venture talks to pursue the license from Bank Negara Malaysia. The application deadline is 30 June 2021.

Saify Akhtar, Director of Strategy, said: “We are motivated by and aligned with the financial inclusion emphasis in the licensing framework for digital banks published by BNM in December 2020. Pertama Digital is leading a consortium of innovators and veterans, bringing to market a homegrown solution, purpose built for those Malaysians that need us most. We have been hard at work coordinating capital, talent, technology and a captive market and are proud to announce that we have a uniquely sustainable banking model that exceeds the requirements laid out in the framework. We look forward to delivering ethical financial products to underserved Malaysians and contributing to our post-pandemic recovery as a nation.”

Pertama Digital is the holding company of DAPAT Vista (M) Sdn Bhd, a Malaysian company that specialises in digitalisation of government services. It provides solutions in mobile and web apps; mobile payment and messaging; business empowerment APIs, and other customised digital services. Dapat also operates the government SMS gateway called mySMS and owns the MyPay and eJamin apps.

“Our vantage point gives us an edge because we have a wealth of information and lessons which have resulted in a successful and repeatable system that gets digitally and financially underserved Malaysians transacting online. Our team derives the most satisfaction from seeing our solutions adopted by people who have never made an online bank transfer before, for example. This is why we have collectively decided to pledge our resources into serving this market from here on,” explained Saify.

Having started the digital court bail solution, eJamin, in early 2020, Pertama Digital now has valuable knowhow in the space of including underserved communities both digitally and financially.

“eJamin was designed after detailed consultations with the Office of the Chief Registrar of the Federal Court, court personnel across the country, banks and members of the Rakyat who have paid bail. Thanks to an innovation culture at the courts and rapidly increasing adoption of digital services across Malaysia, eJamin was implemented across all criminal courts in Malaysia 6 months ahead of schedule by mid-2020,” said Amanda Sabri, CEO of Dapat.

Pertama Digital recently announced the increase of daily transfer limits between banks to RM500,000 from the usual RM30,000, which was approved by Payments Network Malaysia Sdn Bhd (PayNet) to meet the demands of the legal system, which continues to operate robustly during the pandemic. PayNet is the national payments network and shared central infrastructure for Malaysia’s financial markets, with BNM as the single largest shareholder.

“On 1 April 2021, Dapat commenced a proof-of-concept for the conversion of coins into usable funds in any Malaysian bank account,” Amanda continues.

She revealed that this POC, operated with support from Subang Parade, will lay the foundation for a new era of how the Rakyat handles cash in the near future and findings are being shared with BNM, who are keen to see efforts to recirculate coins in the economy. Early data shows strong participation from typically financially underserved demographics, like food delivery riders, who still collect high amounts of coins on a daily basis in 2021.

According to BNM, there are some RM3.5 billion worth of coins already minted and it is estimated that as much as 30% of coins issued every year end up being unused and kept idle at home.

“Pertama Digital has scheduled joint announcements with the digital banking consortium and collaborative partners, which will follow shortly,” concluded Saify.

Issued by: Sense Consultancy on behalf of Pertama Digital Berhad

For further media enquiries please contact:
Anthony Lee
Tel: +6012 338 3705
Email: anthony@leesense.com

Jaz Ng
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Email: jaz@leesense.com

TEC named one of Asia’s fastest growing companies by the Financial Times

The Executive Centre (TEC), the leading premium flexible workspace provider across Asia Pacific and the Middle East, announced that it was ranked in the Financial Times Top 500 Asia-Pacific High-Growth Companies 2021.

“It is a great honour to be placed on the list and is a testament to our robust growth since our founding in 1994. In the last five years, we have doubled our footprint from 76 Centres to 150+ across Asia Pacific and the Middle East and our EBITDA has grown 43% from US$32.3 million in 2016 to US$46.1 million in 2019 across our key markets,” said Paul Salnikow, TEC Founder and CEO. “We have witnessed steady demand throughout the last year as the pandemic has led companies to preserve costs and seek more flexibility from their partners. As the office remains as an essential space to foster creativity and collaboration, we believe that more companies will adopt a flex-and-core strategy to allow greater agility to expand in tandem with business growth.”

TEC, which was ranked 409th on the list, saw its revenue surge from US$140.74 million in 2016 to US$235.75 million in 2019, registering an absolute growth rate of 67.5% and a CAGR of 18.8%.

The Financial Times and Nikkei Asia, in partnership with global data provider Statista, reviewed thousands of companies and ranked the top 500 companies headquartered in 13 countries in the Asia-Pacific region, which generated revenue of at least US$100,000 in 2016 and at least US$1 million in 2019. The enlisted firms were ranked by their compound annual growth rate (CAGR) in revenue between 2016 and 2019.

– FT Asia-Pacific High-Growth Companies 2021: https://www.ft.com/high-growth-asia-pacific-ranking-2021

About The Executive Centre
The Executive Centre (TEC) opened its doors in Hong Kong in 1994 and today boasts over 150+ Centres in 32 cities and 14 markets.

The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space – they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.

Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Conference facilities to suit any business’ needs.

For more information please visit https://www.executivecentre.com/

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