Category: Exchanges & Software

Trintech Named to the 2021 AIFINTECH100 List

  • FinTech Global recognizes Trintech’s leadership in utilizing advanced Artificial Intelligence and Machine Learning capabilities to reduce the time and risk across the Record to Report process

Trintech, an industry-leading global provider of Record to Report software solutions for the Office of Finance, today announced that FinTech Global has named the company as one of the world’s most innovative AI solution providers on its inaugural AIFINTECH list for 2021. The list identifies the top 100 companies chosen by a panel of industry experts and analysts who reviewed a study of over 1,000 fintech companies undertaken by FinTech Global. The solution providers making the final list were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the financial services value chain.

Trintech has developed Financial Controls AI within its leading Record to Report platform, Cadency(R) by Trintech, to help customers quantitatively evaluate risk within the Record to Report process. Trintech’s Financial Controls AI allows customers to automate workflows based on their risk profile, all while identifying high-risk items for human review. Trintech’s Financial Controls AI strategy will continue to expand to help the Office of Finance:

– Evaluate and quantify risk across various financial close processes, entities, and functions
– Automate and optimize workflows based on risk
– Leverage insights into compliance controls through data analysis
– Develop best practices for risk evaluation, controls, automation and optimization, based on benchmarking data
– Evaluate and quantify key market trends to determine impact and drive proactive risk prevention measures

“The ability for the Office of Finance to provide real-time business-critical insights to drive confident decision-making has never been more important and we are fortunate to provide leading financial close solutions that not only speed up the Record to Report process but provide that real-time visibility to help drive those key business decisions,” said Michael Ross, Chief Product Officer at Trintech. “Over the past year, Trintech has invested heavily in its Financial Controls AI capabilities to help our customers reduce financial risk from multiple angles, save time and resources, and ultimately transform their operations.”

Cadency has helped financial institutions across the global achieve significant ROI including up to a 99% reduction in preparation time on reconciliations, up to a 90% reduction in the number of accounts needed to be reconciled and up to a 75% reduction in time for rework. Discover the ROI your organization can achieve by automating you Record to Report process.

The full AIFinTech100 2021 list is published online at www.AIFinTech100.com.

About FinTech Global
FinTech Global offers the most comprehensive data, the most valuable insights, and the most powerful analytical tools available for the global FinTech industry. FinTech Global works with market leaders in the FinTech Industry – investors, advisors, innovative companies, and financial institutions – and enables them to get the essential intelligence they need to make superior business decisions.

About Trintech
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kelli Shoevlin
214-957-5009
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

‘The Future Is Now’ – Asia Digital Financial Summit 2021 and S.A.M. Academy Launched

  • S.A.M. Academy officially launched on 1 September 2021
  • Asia Digital Financial Summit to be held on 27 November 2021
  • The Financial Commission endorses Samtrade Academy as certified educational provider, Aug 2021

The 2nd edition of the Asia Digital Financial Summit will take place on 27 November 2021. Featuring keynote speaker Tony Fernandes founder of Air Asia, and a stellar line-up of exciting speakers covering a wide range of investments, currencies and topics such as business and entrepreneurship etc, it will once again reach out to some 2 million potential attendees.

Registrations commence on 1 September 2021 via the Asia Digital Financial Summit registration link : https://promo.samtradeacademy.com/stac-adfs2021nov-en-press/.

Along with the launch of the Asia Digital Financial Summit, S.A.M. Academy will also be officially launched. S.A.M. Academy aims to be the trusted education partner for learners and investors and with a faculty of expert practitioners boasting decades of experience between them, learners are provided with solid insights coupled with practical knowledge that can be immediately applied to their careers or daily lives.

Announcing the launch of S.A.M. Academy, Mr Md. Shidiq, CEO of S.A.M. Academy, believes strongly in the company’s mission to provide investors and lifelong learners the opportunity to learn from the very best in the industry and to be able to put their education into practice immediately. “Learning is best expressed in doing. That’s the ultimate test of whether we have managed to not just impart theoretical knowledge about a certain subject, but a deep understanding of the ins-and-outs of how to apply their learning practically in their daily lives.”

The inaugural Summit was held in June 2021 and was attended by thousands from across Asia. Renowned investor Jim Rogers, the keynote speaker, gave attendees extensive insights into the economy, markets, and a healthy reality check regarding what he sees as the short and medium-term opportunities in 2022 and beyond. Attendees gave a very enthusiastic 5-star thumbs-up to the event and many came away with new insights and useful learnings.

“Every one of our instructors and coaches are highly-experienced traders and working professionals in their respective fields who are passionate about imparting their knowledge and real-world experience to guide learners along their own learning journeys and help them to earn passive income for themselves while maintaining their current jobs.”

In August this year, The Financial Commission, a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages that participate in global foreign exchange (forex), CFDs, derivatives, and cryptocurrency markets, declared Samtrade Academy as a certified educational provider following a thorough review of the extensive educational content Samtrade Academy offers. This ensures that users who receive such content have access to accurate educational materials. Samtrade Academy is an affiliate and also the full-fledged financial educational arm of S.A.M. Academy (Reference: https://bit.ly/3zyoBl9)

About S.A.M. Academy (samacademy.sg)

S.A.M. Academy is a leading education organiser and training company in business, entrepreneurship, tech, personal finance, and lifestyle courses.

S.A.M. Academy provides PMETs, retail investors, aspiring entrepreneurs and business owners with practical knowledge they can use and empowers them to positively improve their lives, financially and otherwise. Via their members portal, users can access and be equipped via thousands of hours of hands-on training. In addition, S.A.M. Academy regularly organises exciting events featuring highly sought after speakers from around the world. Visit https://www.samacademy.sg.

Issued on behalf of S.A.M. Academy by Waterbrooks Consultants Pte Ltd

Media Contact
Tel: +65 6958-8008
email: query@waterbrooks.com.sg

Mr Derek Yeo
Mobile: +65 9791-4707
email: derek@waterbrooks.com.sg

Omar Choucair, Trintech CFO, Accepted into Forbes Finance Council

  • Forbes Finance Council is an Invitation-Only Community for Executives in Accounting, Financial Planning, Wealth and Asset Management, and Investment Firms

Trintech, a leading global provider of integrated Record to Report software solutions for the Office of Finance, today announced its CFO, Omar Choucair, has been accepted into Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management, and investment firms.

Choucair was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

“We are honored to welcome Omar into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Finance Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”

As an accepted member of the Council, Omar has access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum. Omar will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

“This is a critical time for CFOs across the business spectrum – our role is evolving at a breakneck pace, and I can’t think of a better community with whom to ideate on what the future can and should look like,” Choucair says. “I’m excited to join the Forbes Finance Council and share insights around industry trends I’m involved in firsthand with our clients, like digital transformation in the Office of Finance, challenges and opportunities around a hybrid workplace and emerging cybersecurity best practices.”

Omar has over 20 years of experience leading both the financial and administrative organizations for public and private software/services companies. He managed several companies who experienced significant revenue and cash flow growth through both organic and acquired assets. Additionally, he has completed numerous M&A transactions as well as managed public and private equity/debt financings.

Prior to joining Trintech, Omar was the CFO of Multiview, a Warburg Pincus-backed B2B software platform providing marketing services to over 17,000 B2B customers in North America. Omar also served as the CFO of DGFastchannel/Sizmek (NASDAQ: SZMK), a B2B software platform delivering mission-critical media content. Additionally, he served as the VP Finance for AMFM, Inc (NASDAQ:AMFM), one of the largest U.S. radio holding companies which was ultimately acquired by Clear Channel Communications. Omar began his career as a CPA at KPMG, where he managed publicly traded large multi-national services and technology company audits over a period of ten years.

About Forbes Councils

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.

For more information about Forbes Finance Council, visit forbesfinancecouncil.com. To learn more about Forbes Councils, visit forbescouncils.com.

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kristina Pereira Tully
Vested
650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

KGiSL wins Common infrastructure for Brokers Back Office Project from Stock Exchange of Thailand

KGiSL, a global IT Products, Solutions, and Services provider, today announced the landmark contract that was won by KGiSL against significant competition from one of the largest stock exchanges in the ASEAN, The Stock Exchange of Thailand (SET). KGiSL will rollout Dolphin – a state of the art, cutting-edge technology back-office (BO) platform for brokers in Thailand. The platform will be hosted by SET and will be made available to brokers. The implementation is expected to be completed in the next 16 months.

KGiSL’s flagship product for Capital Markets – Dolphin, caters to 60% of the leading institutional brokers in India by supporting their back-office clearing and settlement operations. The new platform is set to become the one-stop-shop solution to the brokers of Thailand with its ability to handle multiple asset classes including Equities, Bonds, and Offshore Trading, for both retail and institutional brokers. The next generation technology platform has been tested for handling 5 million trades/ day and has the potential capability to scale vertically and horizontally, to support any increase in business volumes. Dolphin was chosen over the other leading global platforms, because it had a better fit to the requirements and also for the robustness, scalability, and automation capabilities, it offers.

Dr. Pakorn Peetathawatchai, President, The Stock Exchange of Thailand said, “This is one of our most ambitious and challenging projects to establish a common, streamlined infrastructure that will open up new possibilities for Thai brokers to revolutionize their back office business models. We strongly believe that continued support from participating brokers in providing valuable insights, along with KGiSL’s delivery capability are key ingredients to contribute the project’s success.”

On the association with SET, Prassadh Shanmugam, Director & Chief Executive Officer KGiSL said, “This is a huge win for KGiSL. Dolphin has been the undisputed market leader in India so far, but we have had limited successes in other markets. This order opens up the entire ASEAN & APAC market to create similar success stories like how we have done in India. KGiSL is poised to invest more in Dolphin’s capabilities by adding Artificial Intelligence (AI), Machine Learning (ML), Business Intelligence (BI) and Analytics. I would also like to take this opportunity to thank Dr. Pakorn Peetathawatchai, President of The Stock Exchange of Thailand and the rest of the management in placing their trust in KGiSL and Dolphin.”

About The Stock Exchange of Thailand: www.set.or.th

SET is the most liquid stock market in ASEAN with end-to-end services to empower seamless journey for all investors, securities brokerage companies and market participants. SET has transformed toward partnership platform by harnessing world-class technology and digital innovation to enable all parties to benefit from the Thai capital market in line with vision “To Make the Capital Market Work for Everyone”. A number of open architecture and interoperable platforms have been developed with aims at building ecosystem crucial for fundraising, wealth creation and the country’s development; widening business opportunities for operators in securities industry while offering investors convenient access to investment data, products and services.

About KGiSL: www.KGISL.com/gss

KGiSL is a global IT Products, Solutions, and Services provider in the BFSI space. KGiSL offers Software Products, Solutions and Services, Intelligent Automation, ERP (SAP), CRM, Business Intelligence and Analytics, Quality Engineering, IT Infrastructure Management and Custom 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.
For further information, please contact:

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

Adfactors PR (India):
Bhargav TS | bhargav.ts@adfactorspr.com | +91 9884883350
Shamitha Hegde | shamitha.hegde@adfactorspr.com | +91 9003107361
Adfactors PR (Singapore):
Namrata Sharma | namrata.sharma@adfactorspr.com | +65 8138 3034

TheCapitalNet appoints Privity FZ LLE to expand MENA footprint

TheCapitalNet (TCN), a SaaS company driving digital transformation in the Private Investment, Innovation, and Startup ecosystem globally, today announced that it has appointed Privity FZ LLE, an independent venture-focused advisory firm in the UAE, to bring the TheCapitalNet ecosystem to stakeholders across MENA, powered by Privity’s strong presence and understanding of the ecosystem and the region.

The MENA region is well placed on the digital transformation curve, backed by a growing investment landscape (know more about the investment landscape of MENA on TheCapitalNet TV [https://tv.thecapitalnet.com/tv/559544556]). The partnership aims to bring efficiencies and intelligence to stakeholders in the ecosystem provided for by the suite of products offered by TheCapitalNet.

Startups, Innovation, and Investment
TheCapitalNet products are used globally by Venture Capital firms, Private Equity funds, Angel Investors and networks, and family offices (TheInvestorNet); Incubators and Accelerators (TheIncubatorPro); Startups and Aspiring Entrepreneurs (TheBizPlanner) in many countries across the world, helping users attain a high degree of deal and business efficiency, with strong collaboration, secure data management and business intelligence.

“The customers TCN were seeking to target in the MENA region were precisely those that Privity interacts with, and after witnessing the power and potential of the different SaaS products and solutions, it became evident that Privity join forces with TCN to evangelize Dr Bhatia’s mission in the MENA region,” said Sleem Hasan, Founder and CEO of Privity FZ LLE.

“We are excited to partner with Privity,” said Dr Rakesh Bhatia, Founder and CEO of TheCapitalNet. “This partnership brings us a step closer to establishing a foothold in the MENA market, and exploring the innumerable possibilities that are present, and further realizing our vision of digitally enabling the stakeholders in the ecosystem here.”

“We have an ideal partner in Privity, a strong player with an exceptional understanding of the MENA market,” added Rakesh. Gain insights into the MENA innovation and investment ecosystem from Mr. Sleem Hasan on TheCapitalNet TV *.

* TheCapitalNet TV Special: Understanding the MENA startup and innovation ecosystem with Mr. Sleem Hasan –
https://tv.thecapitalnet.com/tv/580670728.

About TheCapitalNet
TheCapitalNet, with offices in Dallas TX, Silicon Valley, and Hyderabad, India, is an enterprise SaaS and knowledge media venture operating in the Private Investments, Innovation, and Startup ecosystem. TheCapitalNet products drive the digital transformation journey by enabling business processes and making them smarter and more intelligent, thus redefining business operations, decision making, and business outcomes.
– TheBizPlanner (www.thebizplanner.com)
An application for Founders/Entrepreneurs to plan their businesses and connect with the private investment and innovation ecosystem, used by 17,000+ startups across 70+ countries globally.
– TheIncubatorPro (www.theincubatorpro.com)
An end-to-end productivity suite for incubators, accelerators, and/or open/corporate innovation with 180+ incubators and accelerators spread across various countries globally.
– TheInvestorNet (www.theinvestornet.com)
An application for private investors including PE/VC/Angel Networks/Family offices/CVCs to manage the end-to-end business operations with over two dozen investments firms spread across various countries globally.
– TheCapitalNet.TV (www.thecapitalnet.tv)
A knowledge media that produces and shares global content focusing on TheCapitalNet ecosystem through knowledge sessions, news and trends, research reports, interviews and discussions with over 6 million impressions across 110+ countries.
Visit https://www.TheCapitalNet.com, Email: contact@thecapitalnet.com

About Privity
Privity FZ LLE was founded in 2004, an independent venture-focused advisory firm that seeks entrepreneurs with interesting and unique ideas and helps them to develop and grow. Privity is agnostic to geography and industry vertical, focusing on the quality of the entrepreneur and the compelling value proposition of the idea. Privity draws upon its unique methodology ‘4i’ – Ideas, Intelligence, Invention, Innovation – to deliver insightful advisory and consulting services. The 4i methodology is a result of Privity’s vast and diverse experience gathered over the years, as well as the application of highly specialized domain expertise.
Visit https://www.privitylle.com, Email: info@privitylle.com

Travis Pitt Joins Focus Partner Firm Escala Partners, Expanding Escala’s Investment Advisory Team and Increasing its Presence in the Melbourne and Syndey Wealth Markets

Focus Financial Partners Inc. (NASDAQ:FOCS) (Focus), a leading partnership of fiduciary wealth management firms, announced today that Travis Pitt (Pitt) has joined Melbourne-based Focus partner firm Escala Partners Pty Ltd (Escala).

Travis Pitt has over twenty years of industry experience as a tenured financial adviser providing customized investment and wealth management solutions to ultra-high net worth individuals and families. He is a nationally ranked adviser, having been named to the Barron’s list of Australia’s Top 100 Financial Advisers in 2021 as well as in prior years. Through this transaction, Escala will further increase its presence in the Melbourne market and add to the depth and breadth of its investment advisory team. By joining Escala, Pitt will gain access to Escala’s specialized investment management capabilities and operational infrastructure, continuing his commitment to provide best-in-class services to his clients.

“We are excited to partner with Travis, whom I have known for many years and respect as an outstanding adviser with a commitment to personalized, high-touch client service,” said Pep Perry, CEO and Partner at Escala. “This transaction elevates our organization with the addition of high caliber leadership and further deepens our presence in the attractive Melbourne and Sydney markets. We welcome Travis and his clients to the Escala family.”

“We are very pleased that Travis has joined the Escala team. Talent acquisition is a central component of the value-added support that we provide to our partner firms, particularly in facilitating the addition of highly experienced advisers who have a long track record of success in serving ultra-high and high net worth clients,” said Rajini Kodialam, Co-Founder and Chief Operating Officer of Focus. “Helping our partners build scale and accelerate their organic growth are essential elements of our value propoposition.”

About Focus Financial Partners Inc.
Focus Financial Partners Inc. is a leading partnership of fiduciary wealth management firms. Focus provides access to best practices, resources and continuity planning for its partner firms who serve individuals, families, employers and institutions with comprehensive wealth management services. Focus partner firms maintain their operational autonomy, while they benefit from the synergies, scale, economics and best practices offered by Focus to achieve their business objectives. For more information about Focus, please visit www.focusfinancialpartners.com.

About Escala Partners Pty Ltd
Founded in 2013, Escala provides objective advice and investment management solutions to ultra-high net worth individuals, families, foundations and institutional investors. Escala serves its clients through a collaborative, team-based approach focused on the client experience, a relationship built on trust and sustained over time by performance in line with evolving investment objectives. For more information about Escala, please visit https://escalapartners.com.au.

About the List of Australia’s Top 100 Financial Advisers
The Top 100 Financial Advisers list is a collaboration between The Australian and Barron’s. The formula used to calculate the ranking is rooted in three general categories: client assets managed by the adviser, fees and revenue generated by their business, and the quality of the adviser’s business. The asset and revenue numbers are proxies for client satisfaction. The quality of practice category includes a number of factors including an adviser’s experience, credentials and client-service resources.

Cautionary Note Concerning Forward-Looking Statements
This release contains certain forward-looking statements that reflect Focus’ current views with respect to certain current and future events. These forward-looking statements are and will be, subject to many risks, uncertainties and factors relating to Focus’ operations and business environment, including, without limitation, uncertainty surrounding the current COVID-19 pandemic, which may cause future events to be materially different from these forward-looking statements or anything implied therein. Any forward-looking statements in this release are based upon information available to Focus on the date of this release. Focus does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could affect Focus may be found in Focus’ filings with the Securities and Exchange Commission.

Investor and Media Contacts
Tina Madon
Senior Vice President
Head of Investor Relations & Corporate Communications
Focus Financial Partners
P: +1-646-813-2909
tmadon@focuspartners.com

Charlie Arestia
Vice President
Investor Relations & Corporate Communications
Focus Financial Partners
P: +1-646-560-3999
carestia@focuspartners.com

SOURCE: Focus Financial Partners

Tiger Brokers Singapore to Offer Singapore’s First Dividend-Paying China-Focused ETF through Lion Global Investors

Xiaomi-backed online brokerage Tiger Brokers Singapore (Tiger Brokers) today announced that they had been invited by Lion Global Investors, one of the largest asset managers in Southeast Asia, to be among the Authorised Participating Dealers (PDs) for the Lion-OCBC Securities China Leaders ETF, listed on Singapore Exchange Securities Trading Limited (SGX-ST).

Investors on Tiger Brokers’ platform, Tiger Trade, will be able to access Singapore’s first China-focused dividend-paying ETF. This ETF allows investors to partake in China’s growth story as well as diversify their investment portfolio by including Chinese stocks in an easy and affordable way.

Tiger Brokers’ investors will be able to subscribe for units in the Lion-OCBC Securities China Leaders ETF via the trading platform between 15 to 27 July 2021, 12 noon before the listing date.

Eng Thiam Choon, CEO of Tiger Brokers (Singapore), shared, “Tiger Brokers (Singapore) is always looking for ways to help our investors diversify their portfolio. We are honoured to be one of the first online brokerages to be appointed as the authorised participating dealer among other well-established brokerages to offer the Lion-OCBC Securities China Leaders ETF.”

The Lion-OCBC Securities China Leaders ETF aims to replicate as closely as possible, before expenses, the performance of the Hang Seng Stock Connect China 80 Index using a direct investment policy of investing in all, or substantially all, of the underlying Index Securities. The Index measures the overall performance of 80 of the largest Chinese companies such as Ping An, Xiaomi and Tencent, in terms of market capitalisation listed in Hong Kong and/or mainland China that are eligible for Northbound or Southbound trading under the Stock Connect schemes.

Kwok Keng Han, Chief Marketing Officer of Lion Global Investors, shared, “At Lion Global Investors, we believe that quality investment solutions should be accessible and cost-effective to investors. We are excited about walking this new journey with Tiger Brokers Singapore. Through the Tiger Trade platform, investors will be able to tap into exciting growth opportunities like investing into the Lion-OCBC Securities China Leaders ETF.”

Other than the newly added ETF, Tiger Brokers’ investors have access to other trading opportunities such as Equities, different types of Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), US-listed over the counter (OTC) equities and Fund Mall. Tiger Trade currently offers trading on six different exchanges – New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX).

Additionally, just last month, Tiger Brokers Singapore received the Best Sub-custodian Mandate, Broker-dealer (Singapore) presented by The Asset Triple A Sustainable Investing Awards 2021 for Institutional Investor, ETF and Asset Servicing Providers. The online trading platform also received approval-in-principle to be admitted as a Clearing Member of The Central Depository (Pte) Limited (CDP) and approval-in-principle from Singapore Exchange Securities Trading Limited (SGX-ST) as well as Singapore Exchange Derivatives Trading Limited (SGX-DT) for admission as a Trading Member.

The Tiger Trade mobile application is available for download on Apple App and Google Play stores.
– Apple App store: https://apps.apple.com/sg/app/id1023600494
– Google Play store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock


About Tiger Brokers (Singapore) Pte Ltd.
Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 – accessible on Google Play Store and the Apple App Store – offering mobile-savvy generation of retail investors similar trading opportunities as their online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), US-listed over the counter (OTC) equities and Fund Mall on their mobile phones. Both online and mobile app allow users to invest across multiple asset classes traded on the US, China, Hong Kong, Singapore and Australian stock markets such as the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX).

Tiger Brokers Singapore is the Singapore entity of UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded “2017 Fintech 250” by CB Insights and shortlisted for “China Leading Fintech 50” for two years in a row by KPMG China. The company was listed on NASDAQ under “TIGR” in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 1.4 million customers worldwide currently, with a total trading volume exceeding USD123.8 billion in Q1 2021. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg

About Lion Global Investor
Lion Global Investors Limited (Co. Reg No: 198601745D), a wholly-owned subsidiary of OCBC Bank, is one of the leading asset management companies in Southeast Asia. Established since 1986, the asset management firm is uniquely positioned to provide Asian equities and fixed income strategies and funds to both institutional and retail investors. For more information, please visit www.lionglobalinvestors.com

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com

This advertisement has not been reviewed by the Monetary Authority of Singapore.
Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

Tiger Brokers (Singapore) Pte Ltd (herein “Tiger Brokers”) may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for the recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.

This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. It is for information only, and is not a recommendation, offer or solicitation to deal in any capital markets products or investments and does not have regard to your specific investment objectives, financial situation or particular needs. You should read the prospectus and Product Highlights Sheet for the Lion-OCBC Securities China Leaders ETF (“ETF”), which is available and may be obtained from Lion Global Investors Limited or any of the appointed Participating Dealers (“PDs”), before deciding whether to purchase units in the ETF. Investments are subject to investment risks including the possible loss of the principal amount invested.

The performance of the ETF, the value of its units and any accruing income are not guaranteed and may rise or fall. Past performance, payout yields and payments and any prediction, projection, or forecast are not indicative of the future performance, payout yields and payments of the ETF. You should independently assess any information, opinion or estimates, graphs, charts, formulae or devices provided and seek professional advice on them. Any information, opinions, estimates, graphs, charts, formulae or devices provided are subject to change without notice and are not to be relied on as advice. The ETF may invest in financial derivative instruments for hedging or for efficient portfolio management.

The units of the ETF are listed and traded on the Singapore Exchange (“SGX”), and may be traded at prices different from its net asset value, suspended from trading, or delisted. Such listing does not guarantee a liquid market for the units. You cannot purchase or redeem units in the ETF directly with the manager of the ETF, but you may, subject to specific conditions, do so on the SGX or through the PDs.

Any dividend distributions, which may be either out of income and/or capital, are not guaranteed and subject to the Manager’s discretion. Any such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value of the ETF.

(c) Lion Global Investors Limited (UEN/ Registration No. 198601745D). All rights reserved. LGI is a Singapore incorporated company and is not related to any corporation or trading entity that is domiciled in Europe or the United States (other than entities owned by its holding companies).

Trintech Releases 2021 Global Financial Close Benchmark Report

88% of respondents identified a lack of automation and manual work and errors as the reasons preventing them from having an efficient financial close process

Trintech, a leading provider of financial software solutions, today announced the release of its 2021 Global Financial Close Benchmark Report.

Trintech surveyed over 480 financial professionals across the globe in Q1 of 2021 to evaluate which parts of the financial close process have been automated, which are in the process of being automated and where finance and accounting (F&A) organizations are looking to adopt automation in the future.

2020 was a defining year for the CFO as they broke out of the compliance box and returned to their role as an essential strategic leader of the organization – one relied upon to shape critical business decisions when COVID-19 impacted businesses of all sizes. As companies transitioned to remote operations, organizations that relied heavily on manual processes found it difficult to continue to do their jobs at the same level – let alone deliver on the new expectations required of them to provide timely, critical business insights. What is certain is that these expectations are now essential for businesses moving forward, however, the ad hoc processes many organizations were forced to adopt in the short-term to meet those expectations are not sustainable long-term.

Now is the time for organizations to institutionalize technology to standardize and automate key financial processes to be able to continue to support these growing expectations.

Key findings from the survey include:
— The top 3 challenges the Office of Finance experienced within the financial close process in 2020 were all influenced or accelerated by the pandemic
— A lack of automation is identified as the largest contributing factor to an inefficient financial close
— Process standardization and automation are the key areas of improvement for 2021
— Completing quality work on time, while simultaneously balancing workforce issues (i.e. attracting talent and managing employee burnout) will be the biggest challenges for finance professionals over the next five years

“Our research found that 78% of companies at early stages of their digital transformation journeys faced enormous challenges – challenges their peers further along in their adoption of automation did not,” said David King, Chief Marketing Officer at Trintech.

“These organizations must institutionalize technology to automate their financial close to be more efficient, while increasing transparency and ensuring data integrity to be successful long-term. While COVID-19 may have identified these challenges, the benefits of solving them are now fundamental and there is no going back to maintaining inefficient manual processes.”

To dive into the results of this report further, Trintech and an advisor from a leading analyst firm will be hosting a joint webinar, How COVID-19 Accelerated the Path Towards Financial Close Automation, on Tuesday, May 11th (https://pr.report/KIMkJS4y), to give companies insight into topics such as:

— The biggest challenges organizations are currently facing in the financial close process
— The maturity of automation in the Office of Finance
— Key areas to improve in your financial close process over the next 12 months and where to start

Read the full Financial Close Benchmark Report at https://pr.report/ujSclCBA.

About Trintech
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Kristina Pereira Tully
Vested
+1-650-464-0080
trintech@fullyvested.com

SOURCE: Trintech, Inc.

Commodities Intelligence Centre (CIC) Sees 26% Jump in Registered Customers in 2020

Singapore-based Commodities Intelligence Centre (CIC) – a Joint Venture between the ZALL Smart Commerce Group (ZALL), Singapore Exchange (SGX) and Global eTrade Services (GeTS) – has announced strong growth in FY2020, driven by the urgency for supply chains to digitalize during the pandemic. In 2020, the number of customers on the platform grew by 26 percent as compared to 2019 to reach 5800 registered users. Among the commodities traded on the platform include ferrous and non-ferrous metals, agricultural products, plastics and chemicals, and oil products. The total cumulative gross merchandise volume (GMV) on the CIC platform grew by over US$3.1 billion (S$4.1 billion) to reach US$13.4 billion (S$17.6 billion), an increase of more than 30 percent from 2019.

Peter Yu, Chief Executive Officer of CIC shared, “By making our platform and technologies affordable and easy to use, SMEs are able to easily onboard the platform and make use of these digital tools to grow their businesses. With global disruptions such as COVID-19 and the recent Suez Canal incident, we want to help SMEs build more sustainable and resilient businesses that can endure these challenging times as they grow and expand in Asia and to achieve greater trading synergies globally.”

According to the UOB SME Outlook Survey 2021, 34 percent of SMEs find digital adoption costly to implement, and yet companies who have digitally transformed one or more departments, or their entire business, have seen significantly higher revenue growth. One of the Singapore SMEs who have benefited from CIC’s platform is Go Holdings, a cullet supplier in Southeast Asia. Tapping on CIC’s business intelligence service DataPro, it has been able to access a wide database of over 2 billion records of customs and trade data from more than 110 countries across Asia, Europe and the Americas. This has allowed them to uncover new markets and diversify their trading operations, and connect with reliable partners and suppliers that align with their business goals. Alongside this, CIC also recently introduced a convenient Know-Your-Customer (KYC) service that helps SMEs with their due diligence to better manage their business risks.

Huang Zhi Rong, Business Development Executive of Go Holdings, shared, “As a general trading company from a traditionally offline industry, the thought of digitalization can be daunting and challenging as this is often costly and resource-intensive, and it takes up time and effort. However, digital platforms such as CIC, has allowed us to gain a competitive edge in the market, especially during the Covid-19 pandemic, by providing us with valuable market insights to guide our decision making and has enabled us to tap on the right information sources to strategize our business plans that have brought about profound changes to our import and export trade businesses.” Go Holdings is currently a subscriber of CIC’s DataPro services.

Over the past year, CIC has embarked on numerous initiatives to support SMEs in their digital transformation journey. In May 2020, CIC worked with Singapore Business Federation (SBF) to support SMEs under the “Rising in Support of Enterprises (RISE)” programme during the height of the pandemic. In December 2020, it has also jointly launched a “Digital Silk Road” initiative led by ZALL, and joined Singapore’s Blockchain for Trade & Connectivity (BTC) Network, which aims to help SMEs embrace the power of digitalisation to uncover new trading opportunities and to promote greater efficiency and transparency across global supply chains.

With sustainability becoming increasingly important for companies, CIC is also focusing more efforts to support commodity trading that contributes towards climate change and environmental sustainability, such as clean and renewable energy, as it aims to groom more than ten Global Commodity Champions over the next three to five years on the back of the world’s largest trade pact, the Regional Comprehensive Economic Partnership (RCEP) and China’s dual circulation strategy.

“At Go Holdings, we have also focused on environmental sustainability. Although it has not been an easy journey for us, we have taken steps to become a sustainable company, from our selection of partners and vendors that share our common values to our internal processes that promote the use of sustainable materials and culture of Reuse, Reduce and Recycle among our employees”, added Huang Zhirong of Go Holdings.

About Commodities Intelligence Centre (CIC)

The Commodities Intelligence Centre (CIC) is a global trading platform for physical commodities including Ferrous & Non-Ferrous Metals, Chemicals & Plastics, Oil & Petroleum, and Agri Commodities. Officially launched in Singapore on 12 Oct 2018, CIC is a Joint Venture between China-based ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX) to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore.

CIC aims to revolutionize commodity trading and facilitate cross-border trade through deal matching, trade finance, supply chain logistics, track and trace and global trade compliance. Since its establishment in October 2018, CIC has achieved a GMV (Gross Merchandise Volume) of more than US$13.4 billion (S$17.6 billion), with over 5,800 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia. For more information, please visit www.cic-tp.com.

For media queries
E: CIC@preciouscomms.com

Tiger Brokers Singapore Achieves 100% Growth in Account Openings for Three Consecutive Quarters in 2020; Continues to Focus on Untapped Gen Z Market

Tiger Brokers Singapore, the Xiaomi-backed online trading platform, today revealed continued exponential growth and momentum among its user base in Singapore. The online and mobile-focused brokerage saw 100% growth in customer accounts for three consecutive quarters in 2020.

Wu Tianhua, Chief Executive Officer of UP Fintech Holding Limited shared, “The total addressable market in Singapore is huge. The country has one of the highest rates of digitalization in the world, and a nation-wide preference for digital banking which is supported by high tech infrastructure and key fintech initiatives led by the government, making it a very attractive and relevant market for Tiger Broker’s services. This is a market that has huge potential for us, and we are working hard for incremental market growth, especially focused on younger Singaporeans who are getting savvier with their investment needs.”

Eng Thiam Choon, Chief Executive Officer of Tiger Brokers Singapore, also shared, “Compared to a decade ago, trading seems to be out of reach to many. However today, we are seeing an increasing number of individuals, as young as Generation Z, beginning to explore online investing as a viable financial lifestyle choice. People are more aware of the trends and developments in global economies and changes in business landscapes today.”

“Tiger Brokers Singapore saw an overall shift in user digital experience driven by the pandemic and recognized the need to keep pace with its investors’ demands by differentiating and expanding its services. In 2020, the platform has onboarded two exchange platforms – Singapore Exchange and Australian Securities Exchange, bringing the total number of exchanges available to Singapore investors to six across five countries. This access, especially to US markets, has been a huge value-add to its investors.”

It has also focused on creating convenience for its users; working with bank partners to help create a seamless payment system; working with technology partners such as Iress, one of the largest and most active online trading communities; TradingView, strengthening Tiger Brokers’ community engagement; and lastly, the launch of Tiger Brokers latest Fund Mall product that allows everyday-investors access to popular public funds. Tiger Brokers recently partnered with OTC Markets Group Inc. (OTCQX: OTCM) to provide customers with detailed insights and make more informed trading decisions on the OTC markets.

“At Tiger Brokers, our objective is to provide an array of financial and educational tools to support the new generation of investors in their investment journey. Our fantastic Q4 result would not be made possible without the support and faith of our Singapore and regional investors. As we remind investors to diversify their investment, we hope to continue bringing value-added investment opportunities to our current investors, while attracting the new ones,” shared Thiam Choon.

Tiger Brokers – Growing strong and steady

Tiger Brokers Singapore’s parent company, UP Fintech Holding Limited (NASDAQ: TIGR) or Tiger Brokers (including all of its subsidiaries and consolidated entities), shared their unaudited financial results for the fourth quarter and the year ended December 31, 2020, with total revenue at US$47.2 million, a 136.5% increase from the fourth quarter of 2019. The total number of customers globally with deposits increased by 128.4% year-on-year to 258,700 in 2020. The global platform also added 44,000 funded accounts in the fourth quarter, 3.9 times the number of new funded accounts in the same quarter of last year; the total number of funded accounts doubled in 2020 to reach 258,700. Tiger Brokers’ account balance increased by US$5.0 billion in the fourth quarter and reached US$16.0 billion, an increase of 215.9% since the end of 2019.

Tiger Brokers continues to serve investors worldwide, offering access to fast trade execution and competitive transaction fees. It will continue to offer complimentary real-time stock quotes with no hidden costs, multilingual customer service during trading hours and 24/7 finance news updates. Tiger Brokers hopes to add more trading options on top of the current investment options such as Equities, ETFs, Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), and Fund Mall. They look to add new exchange platforms to their existing six – the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX).

About Tiger Brokers (Singapore) Pte Ltd.

Tiger Brokers (Singapore) Pte Ltd is a brokerage firm operating with a CMS Licence from the MAS. Its Tiger Trade platform offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. The company launched the mobile version of Tiger Trade in February 2020 – accessible on Google Play Store and the Apple App Store – offering a mobile-savvy generation of retail investors similar trading opportunities as online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), and Fund Mall on their mobile phones. Tiger Trade allows users to invest across multiple asset classes on the US, China, Hong Kong, Singapore and Australian stock markets such as the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, the Hong Kong Stock Exchange (HKEX), the Singapore Exchange (SGX) and the Australian Securities Exchange (ASX).

Tiger Brokers (Singapore) is the Singapore entity of UP Fintech Holding Limited, known as Tiger Brokers in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in the U.S. equity trading by volume among trading platforms catered to Global Chinese investors in less than two years. Tiger Brokers was awarded 2017 Fintech 250 by CB Insights and shortlisted for China Leading Fintech 50 for two years in a row by KPMG China. The company was listed on NASDAQ as TIGR in 2019 and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 1 million customers worldwide, with a total trading volume exceeding USD219 billion in 2020. The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg.

For media inquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
E: Tiger@preciouscomms.com or media@tigerbrokers.com.sg

This article has not been reviewed by the Monetary Authority of Singapore.

Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

Tiger Brokers (Singapore) Pte Ltd (herein “Tiger Brokers”) may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for the recipient’s information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.