Avendus appoints Sumit Dayal as Independent Non-Executive Director in Singapore

SINGAPORE, Jan 10, 2023 – (ACN Newswire) – Avendus, one of India's leading institutional financial services companies, announced the appointment of Sumit Dayal as Independent Non-Executive Director in Singapore today. He will provide guidance and corporate governance oversight as a Board member to Avendus Capital Pte. Limited (Singapore).


Sumit Dayal


A seasoned banker with over 30 years of corporate and investment banking experience, spent 16 years as Managing Director and headed various business units of Standard Chartered Bank in Singapore and Hong Kong. He also spent over 13 years in multiple roles in Bank of America across client risk and client coverage based in India, Singapore, and Hong Kong in the past.

Commenting on the appointment, Gaurav Deepak, Co-founder and CEO, Avendus Capital said, "We are delighted that Sumit has decided to join Avendus Singapore. We're confident that his exceptional experience and advisory will be of immense value to the franchise as we focus on making Singapore a strong base to grow our institutional franchise in Investment Banking, Institutional Equities and Wealth Management."

Sumit Dayal, Independent Non-Executive Director, Avendus Capital Pte. Limited said, "I am delighted to join Avendus. It's an institution that has been built on very strong fundamentals and one that I have admired immensely. I am looking forward to working with the firm to further deepen its linkages in the APAC region."

About Avendus

Avendus Group is a leading financial services firm with presence in the areas of Investment Banking, Wealth Management, Credit Solutions and Asset Management. Established in 1999 in Mumbai, India, Avendus is today present in 10 cities across India, US, UK and Singapore. Avendus partners with the Indian entrepreneur ecosystem to provide differentiated solutions that enable clients to meet their strategic aspirations.

Avendus Capital, the investment banking arm, is consistently ranked among the top investment banks in the country on the back of its in-depth domain understanding and a best in the class track record of domestic and cross-border transactions. Avendus' wide range of clients is testimony to its ability to serve its corporates throughout their life cycle — from growth stage funding to large-sized transactions and M&A advisory.

Avendus Capital Inc located in New York is an Avendus Group entity offering M&A and Private Equity syndication services to clients in the US.

Avendus Capital Pte Limited located in Singapore is an Avendus Group entity undertaking Fund Management business in Singapore.

For more information, please visit www.avendus.com.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Experience the Future of Investment Banking with Finalis

SAN FRANCISCO and NEW YORK , Jan 4, 2023 – (ACN Newswire) – Finalis, a rapidly growing investment-banking-as-a-service platform for dealmakers, recently launched its state-of-the-art platform, Finalis Marketplace. The platform allows investment bankers, placement agents and M&A advisors to offer, find and promote deal collaboration with other dealmakers in real-time without the risk of revealing their clients' identity.

Finalis provides a unified white-labeled broker dealer platform that ensures a seamless experience for dealmakers. Sourcing, distributing, and executing deals at a faster rate has become a reality with Finalis Marketplace.

Founded by banking, compliance, data science, engineering and law experts, Finalis addresses a fragmented and rigid banking infrastructure that has not yet benefited from major advances in financial technology.

"With growing investment volumes, dealmakers across the globe are increasingly in search of a single platform that enables them to get complex transactions done as quickly and as cleanly as possible," said Finalis Founder and CEO Federico Baradello. "Finalis empowers dealmakers to win more mandates and close more deals. The Marketplace will become the go-to platform for all mid- to small-sized investment banks, businesses and global funds to promote, distribute and find opportunities in the private markets. We look forward to growing and enhancing the platform for bankers and our clients to capture more value and get the exposure they deserve."

"Finalis Marketplace is a game-changer for affiliates like me on the platform. I have met a number of impressive and accomplished dealmakers across various industries and geographies," said Daniela Messina, Managing Member at Portside Capital Solutions. "Finalis makes it easy and efficient to share deal flow, to connect and collaborate with others on the platform. The Finalis team goes above and beyond to help make thoughtful internal connections and I look forward to using the platform to continue achieving value for years to come."

Finalis Marketplace launched its beta version on March 21, 2022, has received great feedback and achieved outstanding results with over 600 deals in the platform, 250+ collaboration requests, with a total of $3 billion+ in deal transaction value open to collaboration. Through scalable white-glove solutions, Finalis Marketplace opens up significant deal value, giving bankers access to a marketplace that leverages the Finalis affiliate network.

About Finalis

Finalis is the leading platform enabling securities brokerages to operate legally and compliantly. The firm delivers a white-labeled regulatory affiliation and compliance back-office solution that supports a wide range of securities dealmaking including: M&A, capital raising, private placements, direct participation programs, fintech marketplaces, and alternative investment sponsors.

Finalis provides superior leverage to securities brokers with the Finalis Hub, which delivers a hassle-free deal management solution, and the Finalis Marketplace, which connects brokers with one another to gain insights and explore deal collaborations.

Launched in 2020 and growing rapidly, the San Francisco- and New York-based firm is on a mission to power dealmakers by building the world's largest securities brokerage platform. The Finalis platform currently handles transactions with more than $16 billion dollars in deal value, supports over 175 boutiques, and has more than 850 active mandates in the market. For more information, please visit www.finalis.com.

For more information, contact:
Victoria Hearne
victoria@finalis.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group make new strategic investment in operational risk management firm Acin

LONDON, Dec 15, 2022 – (ACN Newswire) – Acin, the global operational risk control data network, today announced it has closed $24 million in Series B funding from a strategic consortium of industry-leading banks, comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.

The funding round was also supported by existing investors Notion Capital, Talis Capital and Fitch Ventures, the equity investment arm of Fitch Group.

This funding will enable further strategic product development in partnership with investing banks and existing clients. Additionally, it will enable Acin to expand and accelerate into new areas across the financial services industry.

Acin's platform empowers financial institutions to digitise their operational and non-financial risk analysis, using ground breaking data analytic capabilities. Acin has established a network that calibrates data and facilitates the sharing of best practice between firms, underpinned by a standardised library of risks and controls. The results revolutionise the understanding and management of firms' operational and non-financial risk positions accelerating their journey to become safer and more efficient. Minimising operational risk capital is a shared industry ambition and Acin's solution is a key building block.

Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/7475J_1-2022-12-14.pdf

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Investigation and analysis of the three major challenges and advantages of developing business in the GBA

HONG KONG, Dec 6, 2022 – (ACN Newswire) – The Hong Kong Export Credit Insurance Corporation (HKECIC) and the Hong Kong Trade Development Council (HKTDC) have, for the first time, jointly released a survey study (Hong Kong – the Business Platform to Capitalise on Greater Bay Area Opportunities in the Post-pandemic Era).


Dr Patrick Lau, Deputy Executive Director, HKTDC (L) and Terence Chiu, Commissioner, HKECIC (R)

Irina Fan, Director of Research, HKTDC


The report found that Hong Kong companies are facing three major challenges: low-price competition, unfamiliarity with the Mainland legal/regulatory regimes, and financing and customer credit risks. However, opportunities coexist alongside the challenges. The companies surveyed expressed that Hong Kong enterprises have considerable unique advantages in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) market, including Hong Kong's brand reputation and capacity to bring in high-quality foreign products. As such, Hong Kong companies are advised to make good use of their advantages and use the GBA as a springboard to further develop the huge domestic sales market in the Mainland, while diversifying the risks of relying on the international market.

Terence Chiu, Commissioner, HKECIC, said: "The HKECIC and the HKTDC have jointly conducted a research study for the first time as many parts of the world, including Hong Kong and the Mainland, see economic and trade activities gradually restarting. Given the uncertainty in overseas markets such as Europe and the United States, the domestic market in the Mainland can provide another option for Hong Kong companies, with the GBA being the ideal springboard. The HKECIC has always attached great importance to the Mainland market and began to underwrite buyers decades ago, and indeed the Mainland is now our biggest insured market after the United States. Riding on the development of the GBA, we will continue to support Hong Kong companies to seize the opportunities offered through the dual circulation strategy that can help them develop their business in the Mainland market."

Dr Patrick Lau, Deputy Executive Director, HKTDC, said: "With a GDP of about US$1.96 trillion and GDP per capita of over US$22,500, the Guangdong-Hong Kong-Macao (GBA) is clearly a bright spot for business growth amid challenging market conditions affected by the COVID-19 pandemic, geopolitical issues, interest rate hikes and inflation. The HKTDC has been strongly advocating the GBA, and our GoGBA digital platform has reached a viewership of more than 590,000 since its launch over a year ago, which demonstrates the business community's keen interest in the GBA opportunity. The HKTDC is very pleased to work with the HKECIC to conduct this research to further understand the pain points and needs of Hong Kong companies in developing the GBA market, and to collect opinions from and brainstorm with industry experts so as to make the GBA opportunity accessible by more Hong Kong companies."

In the third quarter of 2022, the HKTDC conducted a questionnaire survey on the "Greater Bay Area Domestic Market Development Strategy", surveying 413 Hong Kong companies that have either started developing domestic sales in the GBA or are planning to do so. Over 95% of the surveyed companies said they are facing various challenges, particularly those related to the pandemic such as disruptions in supply chain and production/sourcing activities as well as stringent border control measures. Besides, declining orders from overseas markets and spiralling costs have also dented business development.

Almost 70% of the respondents have sold directly to the Mainland buyers. Based on the weighted average amount, sales to the Mainland buyers account for 37.5% of the overall average annual sales of the respondents. Among them, over 90% have sold to Guangdong Province/the nine the Mainland GBA cities.

Shenzhen, Guangzhou and Dongguan are top three GBA cities in which Hong Kong companies have most interest

The Mainland GBA cities in which the companies surveyed are most interested in expanding into include Shenzhen (73.8%), Guangzhou (68.8%) and Dongguan (43.6%). Hong Kong companies mainly plan to sell products manufactured or sourced by them in the the Mainland as well as goods purchased from abroad to the GBA.

For sales channels, most of them sell to the Mainland importers/wholesalers (48.2%) and other business-to-business (B2B) channels. Almost 40% also sell directly to the Mainland consumers through websites or third-party platforms. Less than 14% of the surveyed enterprises have so far embarked on using e-commerce and internet applications to directly develop the GBA market. However, 65.1% would consider using these e-commerce applications to explore the Mainland market directly in the future.

Unfamiliarity with operation of the Mainland domestic market is biggest pain point for Hong Kong companies

Many survey respondents said they encounter various difficulties in expanding sales in the GBA, such as the Mainland market being flooded with cheap products (36.8%) and an unfamiliarity with the Mainland laws and regulations/product standards (35.8%). Some Hong Kong companies also mentioned issues relating to financing and customer credit (25.9%), including the lack of information on the credit background of the Mainland clients, capital shortage (23.5%), and the high risks of sales on credit (22.0%).

In addition, most Hong Kong companies would demand the buyer to make an advance payment (57.9%) or they would choose to bear the risks themselves (43.6%) in managing accounts receivable in the Mainland domestic sales. There are also a number of Hong Kong companies which buy credit insurance (14.0%) either directly in Hong Kong or through banks in Hong Kong.

To deal with the challenges involved, the companies surveyed said they need various support services, including promotion activities targeting the Mainland markets to identify buyers (33.2%) and marketing strategies for the GBA/Guangdong Province (31.5%). They also need support for a variety of financing and risk management services.

Hong Kong enterprises have unique advantages

In addition to the questionnaire survey, the HKTDC also conducted in-depth interviews with nine selected Hong Kong companies and industry representatives to better understand the views of the trade on how to bolster sales in the GBA.

Irina Fan, Director of HKTDC Research, said: "Hong Kong companies should make more use of innovative technologies to map out e-commerce solutions and build integrated online/offline sales channels in regard to domestic sales in the Mainland, enhancing their production and operational efficiency to help them seize GBA opportunities in the post-pandemic era."

The companies surveyed believe that Hong Kong possesses various advantages in developing the GBA domestic market, including the good reputation enjoyed by Hong Kong brands or Hong Kong products on the Mainland (48.4%), and Hong Kong being good at bringing in quality and trendy products from overseas (43.3%).

The report also showed that products that are "Made in Hong Kong", "Made by Hong Kong" and "Designed by Hong Kong" are all well received in the Mainland market. As such, Hong Kong companies should formulate the right business strategy targeting the domestic market as part of their plan to develop the GBA market.

Domestic sales risk management is crucial

According to the report, enterprises engaging in domestic sales in the Mainland or exports are inevitably exposed to certain market and customer credit risks. As credit transparency in the Mainland is rather low, Hong Kong companies must take risk management seriously and seek professional services that can provide due diligence checks when necessary to find out about the business status and credit background of their clients. Apart from the option of avoiding sales on credit to clients, Hong Kong companies should also consider using such tools as credit insurance to strike a balance between market development and risk control.

References
– HKTDC Research Portal: http://research.hktdc.com/
– Hong Kong – the Business Platform to Capitalise on Greater Bay Area Opportunities in Post-pandemic Era: https://research.hktdc.com/en/article/MTIzNDA4NTczNw
– Photo download: https://bit.ly/3h5tFJM

About HKECIC

HKECIC was established in 1966 under the Hong Kong Export Credit Insurance Corporation Ordinance (Chapter 1115). Through the provision of export credit insurance services, HKECIC protects Hong Kong exporters who trade on credit terms with overseas buyers against non-payment risks and helps them conduct export business in a prudent manner. The HKSAR Government provides a guarantee of HK$55 billion for HKECIC's contingent liability.

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in The Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the the Mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Media enquiries

HKECIC
Corporate Communication Division
Gina San
Tel: +852 2732 9998
Email: gina.san@hkecic.com

HKTDC
Corporate Communication & Marketing Department
Kate Chan
Tel: +852 2584 4239
Email: kate.hy.chan@hktdc.org

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The Hong Kong Institute of Directors Holds Silver Jubilee Dinner and Presentation Ceremony for Directors Of The Year Awards 2022

HONG KONG, Nov 25, 2022 – (ACN Newswire) – The Hong Kong Institute of Directors ("HKIoD") has announced the winners of the Directors Of The Year Awards ("DYA") 2022. As the flagship project of HKIoD, DYA is one of the most prestigious business accolades in Hong Kong and the first of its kind in Asia. It seeks to recognise outstanding boards and directors, publicise the significance of good corporate governance and promote good corporate governance and director professionalism. The Awards were presented during the Silver Jubilee Dinner that celebrates the 25th Anniversary of both HKSAR and HKIoD, both having operated since 1 July 1997.


Financial Services and the Treasury (6th from the left, 1st row) bestows on the long-term loyal members of HKIoD souvenirs in recognition as Silver Jubilee Stars. They joined the membership in 1997, the inception year of HKIoD.

Congratulations to the awardees, who are inspiring role models for all directors!


This year's theme of work by HKIoD, notably in the Awards, is 'From Resilience to Sustainability', reflective of what directors have learnt over the years as resilience is the most important quality a company needs to survive in the ever-changing world and sustainability is the ultimate goal of every company.

The winners have been recognised for their ability to cultivate resilience in their businesses to the degree that they are able to anticipate, prepare for and respond to incremental change in an age of great disruption, whilst setting the pace for excellent sustainability-focused leadership now and into the future.

The winners of DYA 2022 in the various award categories are listed below:

Listed Companies Categories
Executive Directors
— Mr TAI Chun Kit
Four Seas Group
— Ms TANG Mei Wah
Town Ray Holdings Limited

Boards
— Baguio Green Group Limited
— China Resources Beer (Holdings) Company Limited
— Tai Hing Holdings Group Ltd

Non-listed Companies Categories
Executive Directors
— Ms LINShun Heung, Ophelia
Meiriki Japan Company Limited

Boards
— Hong Yip Holdings Ltd

Statutory/Non-Profit Distributing Organisations Categories
Executive Directors
— Ms LI Sum, Helen
The Institute of Internal Auditors Hong Kong Limited

Non-Executive Directors
— Ms Cordelia CHUNG
Hong Kong Science and Technology Parks Corporation
— Mr Dennis HOChiu Ping
Hong Kong Science and Technology Parks Corporation
— Mr Andrew JONES
Kely Support Group

Boards
— Competition Commission
— Board of Consumer Council
— General Committee of Federation of Hong Kong Industries
— Hong Kong Science and Technology Parks Corporation

About Directors Of The Year Awards
The Hong Kong Institute of Directors ("HKIoD") is Hong Kong's premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. HKIoD is a member institute of the Global Network of Director Institutes, a worldwide alliance of leading director institutes.

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

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

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


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

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

Luxembourg and Zurich, Nov 11, 2022 – (ACN Newswire) – European Depositary Bank ("EDB"), the Luxembourg- based provider of banking, paying agency, depositary and custody solutions, and innovative securitization specialist GenTwo, announce their partnership to provide GenTwo with paying agent and banking services for third party investors globally.

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

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

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

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

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

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

About GenTwo

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

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

About European Depositary Bank

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

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

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Digital Treasures Center Trailblazing in Physical Cryptocurrency Transactions

Launches first POS machine for crypto transactions in Singapore

Singapore, Nov 9, 2022 – (ACN Newswire) – Digital Treasures Center (DTC), a web2.0 and web3.0 payment service provider, has achieved multiple firsts since obtaining the full payment licenses from the Monetary Authority of Singapore (MAS) in August 2022.

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

First POS machine to accept cryptocurrencies in Singapore

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

Digital Treasures Center showcasing their POS machine that accepts physical cryptocurrency transactions during Singapore Fintech Festival.

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

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

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

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

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

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

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

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

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

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

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

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

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

About Digital Treasures Center

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

Find out more at www.dtcpayment.com

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



Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Huatai Securities Attends the 14th Meeting of the Conference of the Contracting Parties to the Ramsar Convention on Wetlands (COP14)

WUHAN, CHINA, Nov 9, 2022 – (ACN Newswire) – On November 8, The Yangtze River Conservation Forum, an important side event of the 14th Meeting of the Conference of the Contracting Parties to the Ramsar Convention on Wetlands (COP14), was held in Wuhan. The forum shared iconic cases of Yangtze River conservation, including the protection of the Yangtze River finless porpoise and the ten-year fishing ban in the river, showcased China's conservation achievements in the three decades since the country joined the Ramsar Convention on Wetlands, and introduced China's experiences in wetland and river conservation to the world. The team of "Yixin Huatai – One Yangtze River", an environmental protection project ("the Project") of Huatai Securities Co., Ltd. (stock code: 6886.HK; "the Company"), was invited to the forum and demonstrated their efforts in Yangtze River protection with project partners from Fudan University and Nanjing Hongshan Forest Zoo.



In 2018, Huatai Securities launched the "Yixin Huatai – One Yangtze River" project, and began its strategic cooperation with the government, NGOs and universities to protect the biodiversity of the Yangtze River basin. In 2022, the Company established the Huatai Foundation and initiated the "One Yangtze River" Conservation Fund, aiming to provide more professional and sustainable support for biodiversity protection within the region.

The Yangtze River wetland is one of the most biodiverse regions in the world. Over the past four years, the Project has covered wetlands in the Yangtze River basin and the estuary of the Yangtze River, carrying out various ecological protection activities including biodiversity surveys, monitoring and patrolling, community co-management, habitat improvement and public education.

Community conservation guards the habitats of the Yangtze River

The source region of the Yangtze River is located in the hinterland of the Tibetan Plateau and is dotted with diverse ecosystems such as forests, alpine rock falls, alpine grasslands and wetlands. Despite its severe climate, the region nurtures abundant and unique species, including the black-necked crane, the only crane in the world that inhabits the plateau.

As an indicator species of highland wetland ecosystems and a flagship species for conservation initiatives, the black-necked crane has attracted great attention. Since 2018, through the support of the Project, the environmental NGO Shan Shui Conservation Center ("Shan Shui") has offered training and education to over 200 local herdsmen so that they can participate in data monitoring and sample collection for the protection of local species including black-necked cranes. Between 2018 and 2022, a total of 307 black-necked crane surveys were conducted, with 66,627 individuals recorded; the highest number of black-necked cranes observed in a single survey has increased year-on-year to 687, affirming the importance of the Jiatang grassland as a migratory resting place for black-necked cranes as well as a distributing area for their subadults. In 2019, the local government, Shan Shui and Huatai Securities jointly established the community protection area in Chengduojiatang grassland, encouraging local herdsmen to protect the ecological environment of the Yangtze River source region in accordance with the customs and regulations of the community. The community protection area initiative has been an effective step in building a community-oriented wetland protection model.

At present, the community protection area supported by the Project in the Yangtze River source region has reached 4,000 sq km, covering a variety of plateau ecosystems including wetlands. In addition to continuously improving the solutions for ecological protection and balanced community development, the initiative also supports research institutes such as Peking University to carry out research and conduct species monitoring through a monitoring network of more than 400 infrared cameras to gather data related to domestic ecological conditions such as climate change, and the coexistence of snow leopards and leopards. Among them, the breeding site and infant-rearing behavior of desert cats were recorded for the first time in Jiatang grassland, which attracted the attention of many academic and mass media including Nature, the world's leading multidisciplinary science journal.

Unite the collective power of citizens to provide rare species a home in the city

Compared with the Yangtze River source region, the middle and lower reaches of the river are densely populated and economically developed, and the intensive human activities overshadow the rare and endangered species that coexist alongside humans in these reaches of the river. In 2019, Huatai Securities cooperated with World Widelife Fund (WWF) and One Planet Foundation (OPF) to launch the "One Yangtze River Wildlife Conservation Microfund" ("the Fund") species protection project, and a number of conservation organizations and professional teams, including the Wuhan Bird Watching Society ("the Society"), received funding to carry out biodiversity conservation work on the ground in the middle and lower reaches of the river. The Wuhan Bird Watching Society, as one of the funded groups, urged the authorities to include the wintering grounds of black storks in Tianxingzhou, Hongshan District, into the protection scope of important habitats for wild birds, and set up a volunteer service team for bird protection in Tianxingzhou. The Society also aims to assist relevant government departments to eliminate threats and lead the public to participate in the protection of breeding grounds of the Baer's pochard to help increase the population and the protection of black storks during winter to aid their survival rates.

Similar changes are taking place in Shanghai. Wang Fang, a researcher in the School of Life Sciences at Fudan University, led a team funded by the Fund to study the response of urban animals to human activities and to participate in the protection and management of urban biodiversity in megacities. Within three years, it has attracted more than 200 citizen volunteers to establish a folk raccoon dog survey team, and a Shanghai urban biodiversity database. The number of related science articles has exceeded 30 million, and several papers have been noted and cited by Nature and Science, amongst others.

Cultivating youth power for Yangtze River protection

The Yangtze River finless porpoise is the only remaining freshwater cetacean mammal in the Yangtze River. Due to the impact of human activities such as illegal fishing, increased shipping, disorderly sand mining, poor water quality and noise pollution, its population has dropped from more than 2,700 in the 1990s to about 1,000 today, and the species is now critically endangered.

The "One Yangtze River Wildlife Conservation Microfund" not only offers financial aid, but also provides technical and project planning support. It is hoped that when filling the protection gaps of some threatened species, the Fund can also promote the growth of diverse local protection forces such as scientific research institutions, primary management units, university associations, and local NGOs. With the support of the Fund, the students of the Environmental Protection Association of Jiangsu University of Science and Technology ("the Association") led 14 high schools from seven provinces to join the Yangtze River Finless Porpoise Science Group, trained more than 500 college student volunteer lecturers, and carried out finless porpoise protection and public education activities nationwide. The Association also developed an online finless porpoise communication mini program, which has exceeded three million visits in the past three years. In April 2022, Zhenjiang Jingkou District Finless Dolphin Protection Association was officially established, and its key members came from Jiangsu University of Science and Technology Environmental Protection Association.

In September this year, Huatai Securities supported the Huatai Foundation and He Yi Institute to launch "Trickle Up – A Yangtze River Student Environmental Protection Activity Funding Program" ("the Program"). The first phase of the Program provides small grants and expert guidance to 25 college student teams, guiding them to carry out environmental protection actions more scientifically and rationally, contributing to the environmental protection industry as well as effectively improving their comprehensive capabilities.

Guiding capital for good and conservation

Under the advocacy of the Project, Huatai Securities launched the "Huatai Yixin Series" pooled asset management plan to provide financing services for green industries and donate a certain percentage of the management fees collected to environmental protection public welfare organizations to support the conservation actions in the "One Yangtze River" project area. In 2021, through cooperation with the Society of Entrepreneurs and Ecology Conservation (SEE), the pilot project of ecological restoration and sustainable fishery in Jiangsu Binhai Wetland was carried out to provide safer resting places and wintering sites for migrating birds.

The Project takes ESG (environmental, social and governance) as a link, actively promotes dialogue and cooperation between protection organizations and the capital market, and guides capital for good. In December 2020, Huatai Securities joined hands with the China Environmental Protection Foundation, Shan Shui and other institutions to hold the "One Yangtze River" Sustainable Development Forum to discuss the relationship between ESG investment and ecological protection. Representatives from the Shanghai Stock Exchange, MSCI, the asset management industry and listed companies, together with the Chinese Academy of Sciences, Peking University, IUCN (International Union for Conservation of Nature) and other institutions, promote the in-depth link between ESG rating, investment and biodiversity conservation, and help capital to be good. In September 2021, the Project was selected as the "Global Special Recommendation Case" of the NGO Forum at the 15th meeting of the Conference of the Parties to the United Nations Convention on Biological Diversity (CBD COP15).

From the source of the Yangtze River, through its middle and lower reaches to the mouth of the river, the "One Yangtze River" project will continue to promote the harmonious coexistence of humans and nature and drive more conservation efforts like a constant trickle of water into this mighty river.


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

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

BAAR, SWITZERLAND, Oct 26, 2022 – (ACN Newswire) – Glassnode, the global leader in on-chain and market data intelligence, has acquired the popular crypto tax and portfolio tracking platform Accointing.com. This acquisition combines the services provided by both companies bringing users more value than ever before.

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

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

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

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

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

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

About Glassnode

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

About Accointing.com

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

Media Contact:
Email: contact@glassnode.com

SOURCE: Accointing

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKIoD joins Climate Governance Initiative and launches CGI Hong Kong Chapter

HONG KONG, Sep 26, 2022 – (ACN Newswire) – The Hong Kong Institute of Directors ("HKIoD") announced at the Directors' Conference 2022 that it has joined the Climate Governance Initiative ("CGI") and launched the CGI Hong Kong Chapter ("CGI HK").

CGI is a global initiative the World Economic Forum started in 2019, with the aim of encouraging boards worldwide to address climate change issues in their businesses. It upholds eight principles: 1. climate accountability on boards, 2. command of the subject, 3. board structure, 4. material risk and opportunity assessment, 5. strategic integration, 6. incentivisation, 7. reporting and disclosure, and 8. exchange.

Dr Moses Cheng, Honorary President and Founding Chairman of HKIoD, GBM, GBS, OBE, JP, said, "Climate risks will seriously affect sustainable development of the human society and corporate environment, and their impacts on the survival and shareholder value of enterprises are even harder to predict. Thus, tackling climate change is a matter of urgency for the human society. At the helm of sustainable development of their corporations, directors are duty-bound and crucial to leading climate governance actions. HKIoD is honoured to join CGI and to launch CGI HK, and work with partners and collaborators to provide directors with an important platform for exchanging climate governance knowledge and opinions. In addition, CGI HK will strive to have boards include 'Responses to Climate Change' in their regular agenda."

Dr Christopher To, Chairman of HKIoD, said, "HKIoD sees promoting corporate social responsibility and sustainable development as an important action plan. Being able to join CGI this year while HKIoD celebrates its 25th anniversary means a lot to us. It is a testament to HKIoD upholding its original intentions, which are to lead the business community in contributing to building a better future, and to earn the recognition of international authoritative organisations for its efforts made over past years. HKIoD will continue to help the Hong Kong business community raise corporate governance standard and together with it build a more brilliant future."

Dr Carlye Tsui, CEO of HKIoD, said, "Climate change and sustainable development have caught eyes in recent years and are key topics many HKIoD training courses cover. In our new role in hosting CGI Hong Kong Chapter, we will help strengthen communication and exchanges with corporate directors and experts from around the world, take reference of their knowledge and experience in enhancing the quality and quantity of our climate governance-related training."

CGI currently has over 20 chapters in its global network with altogether 100,000 members.

CGI HK is a community composing of directors, including non-executive directors ("NEDs") and executive directors ("EDs"), and subject matter experts.

To assist in meeting the challenges arising from climate change, CGI HK's mission is to reach out to directors to advance knowledge, motivate actions and promote best board practice in climate governance. As Chairman of the CGI HK Steering Committee, Dr Carlye Tsui said, "CGI HK acts to empower, enable and engage directors in gaining climate awareness and skills and in embedding climate considerations into board decision-making. Directors should understand and the risks to the success of and opportunities for their organisations that the climate emergency brings. To support directors in climate governance, CGI HK will develop and curate regular forums and training and produce and share relevant published information. These activities will be opportunities for NEDs and EDs to learn, and interact with each other and subject matter experts."

The Founding Partners of CGI HK include the following:
1. Deloitte Touche Tohmatsu Limited
2. The Hong Kong Institute of Directors
3. The Hongkong and Shanghai Banking Corporation Limited
4. The Hong Kong University of Science and Technology

The CGI HK Advisory Council composition:
1. Dr The Hon Moses CHENG Mo-chi GBM GBS OBE JP
2. Prof Christine LOH SBS JP
3. Ms Bonnie Y CHAN
4. Mr Dennis CHOW
5. Ms May TAN
6. Dr Christopher TO

The CGI HK Steering Committee composition:
1. Dr Carlye TSUI SBS MBE JP, Chairman
2. Prof Veronique LAFON-VINAIS
3. Mr Anthony TSUI
4. Mr Mohit GROVER
5. Ms Victoria SHAPOVALOVA
6. Dr Agnes K Y TAI
7. Mr Anthony CHEUNG
8. Ms Athena NG
9. Ms Alison TSOI, Secretary

Please click [ https://www.hkiod.com/governance-structure/ ] for more details about CGI HK's Governance Structure.

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

Media Enquiries:
Strategic Public Relations Group
Brenda Chan +852 2114 4396 brenda.chan@sprg.com.hk
Chak Yau +852 2114 4395 chak.yau@sprg.com.hk
Fax: +852 2114 4948

The Hong Kong Institute of Directors
Odessa So +852 2889 4988 odessa.so@hkiod.com
Joanne Yam +852 2889 1414 joanne.yam@hkiod.com
Fax: +852 2889 9982


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com