Dublin, Ireland – Dec 24, 2020 – (ACN Newswire) – Incorporated in the United Kingdom (UK), Ireland and North America, Arbitly is a cryptocurrency arbitrage trading platform for individual investors and traders under UK and Ireland’s jurisdiction. The platform is designed by seasoned experts who understand all the complexities of the cryptocurrency market.

Major Announcement

Alexander Black has stepped down from the position of the Chief Executive Officer; it comes as a follow up of the recent board meeting. The decision for Black to step down came largely to do with the family commitments. However, it is also seen as a strategic move for the enterprise’s benefit, which would gain through someone more committed person.

Alexander Black, the company’s founder, has been the CEO ever since the company was begun in January 2020. The business saw significant growth during his tenure, especially in the past 3 months.

Here is what the exact words of Alexander Black were before leaving the meeting, “I am proud to be the part of the Arbitly Brand. And now I believe it is the right time for me to step back and hand it over to someone equally passionate and capable. Having family commitments, I believe it will be the best thing for everyone, and for the company of course,” the decision was approved by all the board members.

However, considering the deep-rooted importance of Black to the venture, he very much remains a core part of the company been the founder and now taking up the new role as an advisor, so he will still be able to contribute fully in his ways. He is considered a great asset to the company.

The Future Ahead

The stepping down of Alexander Black from the position opened a leadership vacuum filled by Marco Fanger, who was voted as the new CEO during the board-meeting. He will be assuming the role of the new Chief Executive Officer (CEO).

Like Black, Fanger is equally fiercely devoted to the project and intensely passionate about the goals. He has expressed his excitement and readiness to take up the job. His focus in the position will be to take the enterprise to greater heights.

Further information at: https://arbitly.io

Media contact
Company: Arb Signals Ltd
Contact: David Abraham
Support E-mail: support@arbitly.io
VAT number: GB363707782
Telephone: +44 7440 965560
Facebook: https://facebook.com/arbitly.io
YouTube: https://youtube.com/channel/UCLMYrFtILO0tuZzuoFZo6LA

SOURCE: Arb Signals Ltd

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HONG KONG / LONDON, Dec 22, 2020 – (ACN Newswire) – The QRC Group (QRC) has announced the first publication of a Security Token Specification, independently facilitated and published by BSI, the UK National Standards Body. Called PAS 19668, the specification provides requirements for the publication of relevant information and the technical attributes of security tokens, covering tokens issued on any distributed ledger system.

In the absence of an industry-wide standard, security token information has been organized and presented in various formats and different locations, making access highly inefficient and increasingly complex for investors and active market participants. PAS 19668 is an effort to fill that gap by specifying how information and properties relating to security tokens should be structured and presented.

PAS 19668 is for use by international security token issuers. It is also a reference for security token holders, security token exchanges and custodians, investors in security tokens and auditors checking conformity, and any third parties that provide services to issuers of security tokens. PAS 19668 does not cover utility tokens or unregulated tokens.

"PAS 19668:2020: Publication requirements for security tokens – Specification" is available here: https://shop.bsigroup.com/ProductDetail?pid=000000000030376033

PAS 19668 has been independently facilitated by BSI following consensus by a steering group of experts from various industries including digital asset exchanges, traditional financial exchanges, issuance platforms and academia.

Shogo-Ishida, CEO of QRC Group, the sponsor of development, said: "We are very pleased to announce PAS 19668. With BSI standardizing security token technology, and with development of a draft specification, we take a great step forward in legitimizing security token offerings and STO fundraising. Standardization will consolidate technology innovation and best practices from disparate STO platforms, and accelerate STO market growth.

"Issuers will trust BSI-standards technology, with greater confidence in their technology provider or token distributor, this will drive adoption of STO fundraising activity," continued Ishida. "As digitization continues in various industries, PAS 19668 will lead to further efforts to digitize securities backed by blockchain technology. We hope that people will welcome the standard, and issue security tokens more securely and conveniently."

Alexandre Kech, CEO, Onchain Custodian, Convenor ISO TC68/SC8/WG3 Digital Token Identifier: "Standards are critical for the maturing of any new industry. PAS 19668, which already leverages the ISO 10962 Classification of Financial Instruments (CFI) standard, will be powerful when used in combination with the ISO 24165 Digital Token Identifier expected to be finalised and available for us in 2021."

Thomas Borrel, CPO, Polymath: "Mass adoption of security tokens can only happen through standardization. ERC1400 established the standard for security tokens and PAS19668 will materially contribute to transparency through simplified access to information and attributes of each token. PAS19668 reliance on existing and upcoming ISO standards will ensure consistency across all assets, traditional and digital."

Luc Falempin, CEO, Tokeny Solutions: "Blockchain technologies represent a great opportunity to use a common IT infrastructure for the world of finance. It is therefore essential to facilitate the interoperability of solutions and to formalize the data. We are delighted with this initiative as we can now complete the institutional-grade security token protocol T-REX with the PAS19668 specification model."

Jor Law, Director, Prime Trust and consultant to several key players in the STO ecosystem: "Having a standardized method of identifying security tokens globally promulgated by the BSI is important for the evolution of STOs and increased adoption. With a uniform method to digest security tokens, data flow and transaction handling can improve to allow greater interoperability across geographic regions and more seamless interaction between the different participants that comprise a healthy capital markets system."

BSI Steering Group is composed of representatives from 1st Idea Limited, Bank Frick, BC Group, BitGo, Blockstream, BnkToTheFuture, CMS Cameron McKenna Nabarro Olswang LLP, CryptoCompare, DeversiFi, DSTOQ, London Stock Exchange Group (LSEG), Onchain Custodian, Polymath, Prime Trust, QRC Group, Singapore Management University (SMU), Tokenomica, Tokeny Solutions.

PAS19668 Technical Author: Adam Vaziri.
BSI Announcement: https://tinyurl.com/bsigroup-mediacentre-15dec20
QRC Announcement: https://www.qrc.group/top-news

QRC Group (QRC) is a RegTech and blockchain advisory firm providing technical solutions for the deployment of digital securities in conformity with international standards, including PAS19688. HK-based QRC has related company offices in Tokyo, Singapore, Kuala Lumpur, Labuan and Vietnam. Visit https://www.qrc.group.

Media Contact: Shogo-Ishida, enquiries@qrc.group, QRC Group.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HONG KONG, Dec 22, 2020 – (ACN Newswire) – On December 17, the largest index provider, Morgan Stanley Capital International (MSCI) updated a report on the ESG (Environmental, Social and Governance) rating for China Medical System Holdings Limited ("China Medical System"), a well-established, innovation-driven specialty pharma with a focus on sales & marketing in China. According to the report, China Medical System's ESG rating has been upgraded from "BBB" to "AA", surpassing 88% of companies in the global pharmaceutical industry, and symbolizing that the Company has reached a leading level among its global peers in ESG management.

In the report, MSCI recognized China Medical System's outstanding performance in Corporate Governance, Corporate Behavior, Product Safety and Quality, Human Capital Development and Access to Health Care, and commented: "Leads peers in business ethics and talent management practices". MSCI also gave a positive assessment of the Company's Corporate Behavior, "China Medical System has evidence of detailed policies on business ethics and corruption".

There are seven levels of the MSCI-ESG rating, from the highest to the lowest are: AAA, AA, A, BBB, BB, B and CCC. Among them, companies with AA or AAA ratings are considered to be industry leaders in managing the most significant ESG risks and opportunities.

This year, China Medical System's MSCI-ESG rating has been upgraded by three levels, from "BB" to "AA".

According to the Company, "Receiving the 'AA' ESG rating from MSCI reflected China Medical System's long-term focus and resource investment on ESG management and information disclosure, and affirmed the Company's compliance focus and solid business practices. In recent years, under the leadership of the Board of Directors, the Company's ESG-related policies are increasingly improved, ESG practices are more standardized, and ESG management is constantly refined. In the future, through self-challenge and transcendence, China Medical System will continuously pursue higher corporate governance goals. The Company will continuously regard innovation as its driving force, to fulfill the unmet medical needs, and contribute to the integrated development of society, the environment, and civilization!"

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Sao Paulo, Brazil, Dec 18, 2020 – (ACN Newswire) – Moss, the largest environmental platform in the world, revolutionizes climate change combat efforts by tokenizing carbon credits. The proceeds from this tokenization project have helped to protect indirectly almost 1 mm hectares of the Amazon forest from deforestation. Subsequently, this initiative will serve as a stepping stone toward creating a digital, global solution to thwart climate change.

Since Moss kicked off its innovative carbon credit project in the eight months, it has managed to contribute more to preserving the Amazon Forest than Brazil’s own government. Moss understands the pivotal role of the Amazon rainforest in our ecosystem and is taking meaningful steps to curtail factors responsible for this location’s diminishing circumference. The main objective is to modernize carbon credits and their market to eliminate greenhouse gases effectively.

To this end, Moss opted to tokenize carbon credits and apply blockchain technology to environmental assets. One of the benefits of this integration is that tokenized carbon credits facilitate a global environmental conservation market. More importantly, this project enables secure carbon credit transactions and establishes a fully transparent system. In essence, all of Moss’s activities and the transactions of its growing network of environmental-friendly clients are trackable and void of manipulation.

In its current form, the carbon credit market is neither efficient nor transparent. Blockchain provides significant improvements for transparency, security, and adaptability. Moss’s vision to digitize one of the last remaining analog sectors of the global economy is crucial for any climate change-related effort. Through this technology, anyone in the world can become part of this global initiative. Further projects will be added to the platform soon.

Armed with this viable system, Moss has directly contributed to remunerating the avoidance of emission of 2,000,000 tons of greenhouse gases. In just over 8 months, Moss has purchased and sold over 900 thousand tons of CO2, making it the largest player in the world’s carbon credit voluntary market. Much of this progress stems from the tokenization project launched earlier this year. This campaign, powered by the issuance of MCO2 Token, helped to remunerate the preservation of almost 1 million hectares of forest, equivalent to half the size of a small country like Lebanon.

Overall interest in the MCO2 token is on the rise, thanks to the adoption of blockchain for advanced programmability. One MCO2 token is equivalent to one carbon credit. Hence, the issuance and distribution of this digital asset democratize carbon offsetting via smart contracts. In turn, this provides viable means for companies and individuals to create applications to reduce greenhouse emissions. Moss’s carbon credit tokenization initiative introduces new ideas and concepts for utility, programmability, and composability to the carbon credit market.

Furthermore, this utility has propelled MCO2 Token to the forefront of attention. Brazilians can obtain MCO2 tokens from the FlowBTC platform and do their part to save the climate. Moss believes that the simplistic nature of MCO2 gives it the potential to emerge as the building block for future token-based infrastructure. Unlike other assets issued through blockchain technology, MCO2 is a utility token, and Moss tokenizes a service the world direly needs.

It is important to note that the project has undergone standard audit checks from credible firms, including Perkins Coie and CertiK. Armanino and EY are carrying out further audits.

About Moss

Moss is the world’s largest environmental platform focused on developing innovative approaches to pursuing a sustainable environment. An initial focus on the Amazon rainforest has proven successful, yet we are confident we can make a global impact. Most of our activities revolve around the sourcing and selling carbon credits, albeit through digitally-powered and viable processes.

Social Links
Facebook: https://www.facebook.com/moss.earthbr
LinkedIn: https://www.linkedin.com/company/moss-earth
Telegram: https://t.me/MCO2token
Twitter: https://twitter.com/moss_earth

Media contact
Company: Moss.Earth
Contact: Vinicius Porazza Dias, Head of Marketing
E-Mail: viniciusporazza@moss.earth
Address (with Postcode): Rua Gumercindo Saraiva, 54 – Sao Paulo – SP, 01449-070
Official Website: https://moss.earth/

SOURCE: Moss.Earth

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SANYA, CHINA, Dec 14, 2020 – (ACN Newswire) – The 3rd Hainan Island International Film Festival runs in Sanya, Hainan, China on from December 5 through 13. Shen Xiaoming, secretary of Hainan Provincial Party Committee, and Shen Haixiong, deputy director of the Central Propaganda Department and director of the Central Radio and Television General Station delivered the opening speeches before Shen Haixiong announced the opening of the film festival.

This year's film festival is sponsored by the Central Radio and Television General Station and Hainan Provincial People's Government. The 8-day film festival has an exhibition show, an opening ceremony, a master class and an H!Future Newcomer Honor, H!Action Venture Capital Meeting, H!Market, special forum, closing ceremony and other main activities.

Shen Xiaoming expressed his congratulations on the opening of the film festival and welcomed the guests from around the world. He said that under the personal planning, deployment and promotion of President Xi Jinping, the construction of Hainan Free Trade Port went smoothly, and its unique policy advantages made Hainan an important platform for cultural exchanges and mutual learning between China and the West. Located in the world's magical "golden tourism belt", Hainan is a "natural studio" that can take pictures all year round. It is accelerating the construction of cultural tourism industrial park, cultivating and attracting all kinds of film talents, creating a first-class business environment, and introducing high-quality resources from all over the world, which provides rich nourishment and high-quality environment for the development of film enterprises.

Hainan's development of film industry is in line with the trend of the industry. It has the advantages of geographical environment and humanities. It is expected that all guests will display good films and cooperate here; Welcome guests to invest here to make the free trade port a highland for the development of the film industry; It is hoped that everyone will promote the global economic recovery with the film art industry, strengthen the exchanges among people from all over the world, and jointly build the Community of Shared Future for Mankind.

Shen Haixiong said that this film festival was held in a special period, which is of special significance to filmmakers and audiences all over the world. Under the personal command and deployment of President Xi Jinping, China actively responded to the COVID-19 pandemic, and achieved staged success, taking the lead in controlling the pandemic, restarting work and restoring economic growth. The opening of Hainan Island International Film Festival is not only the proof of the rapid recovery of Chinese film industry, but also the hope that mankind will finally defeat COVID-19.

The Hainan Island International Film Festival collects the world's outstanding films. The various works are exchanged and shared to promote the mutual learning of civilizations. The outstanding films displayed at this film festival will surely bring more inspirations to the construction of the Community of Shared Future for Mankind. With the opportunity of Hainan Free Trade Port, filmmakers from around the world will gather here to make more contributions to the development of the world film industry.

Media Contact
Zhangyongpeng
media@hiiff.com.cn
https://www.hiiff.com.cn

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

TOKYO, JP & CENTER VALLEY, PA, Dec 6, 2020 – (ACN Newswire) – Olympus Corporation (TSE: 7733) today announced that it has entered into an agreement to acquire Veran Medical Technologies, Inc. (VMT) (CEO: Jason Pesterfield), a leading provider of advanced medical devices specializing in interventional pulmonology, for up to USD 340 million. The acquisition will be implemented through Olympus subsidiary Olympus Corporation of the Americas (OCA), and will be the latest in a series of strategic acquisitions designed to strengthen Olympus' position as a leading global medical device company.

As part of Olympus' Corporate Strategy, unveiled in November 2019, the company vowed to "focus and scale" its therapeutic solutions division. To accelerate the process and provide greater agility, Olympus made OCA the company's therapeutic division headquarters, recognizing the significant growth opportunities in North America. The company also identified three core medical fields to prioritize – gastroenterological endotherapy devices, urological devices, and respiratory devices. The VMT acquisition is centered on respiratory devices and will position Olympus as a leader in this field.

According to Nacho Abia, global chief operating officer and CEO of OCA, the VMT acquisition will strategically position Olympus and boost development in other areas, "We are very excited about acquiring VMT because its portfolio of devices will complement our product portfolio and further strengthen our position in respiratory medical devices," he said. "The most significant part of this deal is that we will secure immediate access to VMT's unique Electromagnetic Navigation system with proprietary devices to build a stronger future respiratory product portfolio."

Already a leader in bronchoscopy systems, Olympus' endoscope technologies will combine perfectly with VMT's navigation products to develop solutions for improved diagnosis of peripheral lung cancer.

Lung cancer affects the highest number of cancer patients and is the leading cause of cancer-related deaths globally.* With increased awareness and more lung cancer screenings done by low-dose CT (computed tomography), the need for definitive diagnosis of lesions in the peripheral regions of the lungs by tissue biopsy is expected to increase. Combined with Olympus' technology, VMT's navigational platform and proprietary devices support this need.

"We are proud to be joining forces with Olympus, a company with a 100-year legacy and a global reputation for quality, leadership and innovation," said Jason Pesterfield, CEO of VMT. "Olympus has a clear strategy to become a global medtech leader, and we're excited to contribute our unique capabilities and become part of this journey."

This acquisition will provide immediate incremental revenue and an experienced sales team within the US market. VMT's advanced and proven navigation technology, together with Olympus' respiratory leadership, strengthens and enhances Olympus' global position. For details, please refer to our corporate disclosure, "Notice regarding acquisition of Veran Medical Technologies, Inc. in the United States." (Available at: https://www.olympus-global.com/news/ir/2020/)

* WHO data: https://www.who.int/news-room/fact-sheets/detail/cancer

About Veran Medical Technologies, Inc.

VMT is a privately held medical device company headquartered in St. Louis, MO. The company's mission is to empower physicians to diagnose cancer earlier and to enable precision therapy to save lives. In the United States, lung cancer kills more people each year than breast, prostate, and colon cancers combined.

VMT has developed and commercialized a next-generation electromagnetic thoracic navigation platform called the SPiN Thoracic Navigation System(R). This breakthrough technology has been adopted by leading cancer centers throughout the United States. VMT also provides physicians with a full line of bronchoscopic brushes, needles, forceps and steerable catheters with tiny electromagnetic sensors embedded in the tips for precise navigation. The combination of these proprietary Always-On Tip Tracked(R) instruments and VMT's exclusive patient respiratory gating technology enables physicians to accurately access lung nodules by accounting for nodule movement during patient breathing, a common challenge for lung specialists. The SPiN Thoracic Navigation System(R) is the first and only technology that enables Pulmonologists or Thoracic Surgeons to accurately access lung nodules outside of an airway using SPiN Perc(R), a navigated transthoracic needle. With SPiN Perc(R), VMT combines endobronchial navigation with percutaneous navigation, allowing physicians to access all lung nodules in a single procedure, regardless of nodule size or location. This eliminates the cost and risk of unnecessary procedures and empowers physicians to provide a same day diagnosis for their patients. Please visit www.veranmedical.com.

About Olympus' Therapeutic Solutions business

In its Therapeutic Solutions business, Olympus uses innovative capabilities in medical technology, therapeutic intervention, and precision manufacturing to help healthcare professionals deliver diagnostic, therapeutic, and minimally invasive procedures to improve clinical outcomes, reduce overall costs, and enhance the quality of life for patients. Starting with its early contributions to the development of the polypectomy snare, Olympus' Therapeutic Solutions portfolio has grown to include an array of surgical energy devices and a wide range of instruments to help prevent, detect, and treat disease. For more information, visit www.olympus-global.com.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SYDNEY, Nov 27, 2020 – (ACN Newswire) – Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announces a major expansion of its support for The Salvation Army Australia. Blackbaud will power the nonprofit's fundraising and relationship management technology as The Salvation Army Australia continues to provide hope, opportunity and freedom to all Australians.

The Salvation Army Australia is an international Christian movement, united by faith and giving hope where it's needed most. Across Australia – in cities, country towns and rural communities – The Salvation Army touches every demographic and age group. The nonprofit is involved in national issues, while also bringing hope to people who may be experiencing hardship or injustice. Since its founding in 19th century London, The Salvation Army has expressed its faith in charitable work to provide both spiritual and social support. As one united nonprofit serving all of Australia, The Salvation Army Australia is one of the three largest charities in the nation.

"We couldn't be more pleased to be expanding our relationship with Blackbaud as our trusted technology provider," said Janine Kewming, National Head of Fundraising, The Salvation Army Australia. "Blackbaud has a deep understanding of our sector and we greatly value the expertise and sense of partnership they bring. We see Blackbaud as true partners in our mission. They uniquely blend proven technology with a partnership methodology that strongly matches our values. We know that with Blackbaud powering our fundraising and relationship management solutions, we'll be able to focus more time on our mission – caring for people, creating faith pathways, building healthy communities and working for justice."

The Salvation Army Australia will implement Blackbaud CRM(TM) to help build stronger and more productive constituent relationships. Blackbaud CRM combines unmatched nonprofit expertise with industry-leading fundraising and customer relationship management software solutions, integrated analytics, multichannel marketing and data mining services.

"We have valued our longstanding relationship with The Salvation Army and look forward to helping them fulfill their mission with the help of highly reliable, sophisticated technology and a commitment to a people first trusted partnership," said Kevin Sher, president and general manager for Blackbaud's operations in Asia Pacific. "At Blackbaud, we believe the world will be a better place when good takes over, and that's a higher purpose echoed by The Salvation Army Australia. Together, we'll be able to drive even more impact for social good."

To learn more about Blackbaud and its solutions for fundraising and relationship management, visit https://www.blackbaud.com.au/solutions.

About Blackbaud

Blackbaud (NASDAQ: BLKB) is the world's leading cloud software company powering social good. Serving the entire social good community – nonprofits, higher education institutions, K-12 schools, healthcare organisations, faith communities, arts and cultural organisations, foundations, companies and individual change agents – Blackbaud connects and empowers organisations to increase their impact through cloud software, services, expertise and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina, and has operations in the United States, Australia, Canada, Costa Rica and the United Kingdom. For more information, visit www.blackbaud.com.au or follow us on Twitter, LinkedIn, Instagram and Facebook.

– Twitter: https://twitter.com/blackbaud
– LinkedIn: https://www.linkedin.com/company/blackbaud/
– Instagram: https://www.instagram.com/blackbaud/
– Facebook: https://www.facebook.com/blackbaud/

Media Inquiries
media@blackbaud.com

Forward-looking Statements

Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organisation; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from Blackbaud's investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

– Total prize money of 690 million KRW
– Seoul, the capital city of South Korea, which has proven itself to be a medical giant through the COVID-19 pandemic, has launched a global urban problem-solving project
– Seoul is openly recruiting innovative technologies and ideas for ‘reduction of particulate matters and improvement of air quality in subways’ from innovators around the world

Seoul, Korea – Seoul Metropolitan Government and the Seoul Business Agency (SBA, CEO Jang Young-seung), an institution that supports small and medium-sized companies in Seoul, are looking for global innovators to solve the particulate matters in subways of Seoul.

Seoul Metropolitan Government has chosen ‘Reduction of Particulate Matters and Improvement of Air Quality in Subways,’ an issue that requires urgent attention, as the topic for the Seoul Global Challenge 2021. About 7.2 million people use the Seoul subway system every day, but the subways face challenges with air quality control. Seoul Metropolitan Government hopes that innovative technologies and research from Korea and the wider world will help solve this problem.

Innovators of any nationality with technology and ideas related to reducing particulate matters and improving air quality in subways may apply for this Challenge.

The Challenge is largely divided into two tracks – Technology Challenge and Academic Challenge – and a total of 690 million KRW will be awarded to 25 winning teams.

In the Technology Challenge, the qualifiers of the preliminary round will be given R&D support funding (totaling 800 million KRW), which may be used for prototype development and patent applications. Final winners will receive prize money totaling 630 million KRW.

The topic for the Academic Challenge is ‘Improvement of Air Quality in Subways.’ Winners with outstanding research papers will receive a prize money totaling 60 million KRW, and will be provided with the chance to present at an academic conference.

There was an online information session about the Seoul Global Challenge 2021 on October 29th. During the session, participants were able to acquire more detailed information on the Challenge and receive answers to their questions. The video clip of the session is currently available on YouTube with English subtitles. Foreign participants may submit their questions via email, in English, and they will be answered. (https://www.youtube.com/watch?v=pgMX646WFHc)

Jin Dae-je, the Chief of the Seoul Global Challenge Organizing Committee, said, “We want the Seoul Global Challenge to be a platform on which anyone can easily develop and research their ideas.” He added, “to excellent innovators, we will present opportunities to develop and research with Seoul Metropolitan Government as their testbed, making Seoul a better place for its citizens to live.”

The timeline of the Seoul Global Challenge 2021, a global urban problem-solving project with prize money totaling 690 million KRW, is as follows. The application period for the Technology and Academic Challenge will run until December 31, 2020. Anyone interested in participating should not hesitate to apply.

For more information on qualifications, applications, and evaluation methods, etc., please visit the Seoul Global Challenge website (seoulglobalchallenge.sba.kr/en).

Detailed application and contact information
Contact: SBA Seoul Global Challenge Team
Telephone: +82-2-2222-3726
E-mail: sbatech@sba.seoul.kr, seoulglobalchallenge@gmail.com
Website: seoulglobalchallenge.sba.kr/en

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Bandung, W Java, Indonesia, Nov 25, 2020 – (ACN Newswire) – The 2020 West Java Investment Summit (WJIS 2020) was held in Bandung City this week, Nov 16 to 19, hosted by the West Java provincial government in collaboration with the Bank of Indonesia Representative Office in West Java. Through the WJIS 2020, West Java Governor Ridwan Kamil invited international investors from around the world to invest in the province of West Java, particularly through the Rebana Metropolitan project.

Rebana Metropolitan is the northern / northeastern area of West Java Province that includes the six districts of Sumedang, Majalengka, Cirebon, Subang, Indramayu, and Kuningan and the city of Cirebon. The Metropolitan area has a population of 9.28 million, or some 18.82% of the total 49.3-million populace of West Java as of 2019.

As many as 1,434 foreign and domestic investors participated in the one-on-one meeting session on Monday, in which 16 land projects were offered with a total investment value of US$2.8 billion (Rp 39.5 trillion). Governor Ridwan Kamil offered the advantages of investing in West Java for international investors.

First, West Java has quality infrastructure, and one of them is the Patimban Port, which, located in Subang district, will soon open in December 2020. "Besides, West Java is going to have the Jakarta-Bandung Fast Train that will be completed next year," said Ridwan. Moreover, West Java also continues the development of several toll roads that will facilitate industrial and community access.

The other advantages of investing in West Java are its quality infrastructure and competitive human resources. With these two pros, quality infrastructure and competitive human resources, the governor ensures that West Java can compete with provinces in other countries, such as Thailand and Vietnam.

"West Java is one of the most competitive regions in Indonesia," he stated. Ridwan emphasized that to strengthen the provinces competitiveness, the West Java local government remained committed to making improvements in four important fields: education, infrastructure, socio-political stability, and bureaucratic reform.

The governor also expressed optimism that West Java would become a globally competitive region to attract investment, especially with the existence of the Rebana Metropolitan area. "For the last three years, West Java has been the premier investment destination. This year, we are still 'champs' for investment realization, almost reaching IDR 90 trillion," said Governor Ridwan.

West Java Province is currently still one of the main destinations for foreign and local investment. Up to the third week of November 2020, the province managed to record total inbound investment of more than IDR 380 trillion. That total consists of four categories, namely (1) Realized Investment (for the period of January to September 2020); (2) Preparation-stage Investment; (3) Commitment-stage Investment; and (4) Ready-to-offer Investment.

For Realized Investment, based on Investment Coordinating Board (BKPM) data for the January to September 2020 period, the West Java province ranks first in investment realization based on location with a value of IDR 86.3 trillion or 14.1 percent.

Noneng Komara Nengsih, West Java Investment Agency (DPMPTSP) Head, mentioned five sectors in the province that are favourable to investors: (1) construction; (2) transportation, warehouse and communication; (3) housing, industrial and office areas; (4) electricity, gas and water; (5) motor vehicles and other transportation equipment industries.

Preparation-stage Investment in West Java comes from 11 investors: (1) PT Hyundai Motor Manufacturing Indonesia; (2) PT Amazon Data Services Indonesia; (3) PT UPC Sukabumi Bayu Energi; (4) PT Kereta Cepat Indonesia China (KCIC); (5) PT Tanjung Jati Power Company; (6) PT Pertamina Power Indonesia dan PT Jawa Satu Power; (7) PT Premier Qualitas Indonesia dan Trisula Group; (8) Masdar Mubadala Company; (9) China Petroleum Corporation; (10) Frisian Flag Indonesia; and (11) PT Jasa Marga Japek Selatan.

For Commitment-stage Investment, as many as five MoUs and cooperation agreements among parties were signed, with an investment value of some IDR 4.10 trillion, or around USD 292.9 million. The signing ceremony was held on the first day, Monday Nov 16 at the Savoy Homann Hotel, Bandung City.

The parties in the Commitment-stage Investment were regionally owned, PT Bandarudara Internasional Jawa Barat (BIJB) and PT Jaswita Jabar, as well as PT Jasa Sarana, Aspen and Docta Proprietary Limited, PT Gobel Internasional, PT Sarana Multi Infrastruktur, and PT Indonesia Infrastructure Finance. These companies have committed to investment in infrastructure development, starting from hotels; meetings, incentives, conferencing, exhibitions (MICE) facilities; warehouses, energy, to hospitals.

Meanwhile, for the Ready-to-offer Investment, West Java has 16 investment projects, with a total value of IDR 39.5 trillion or around USD 2.802 billion, that are ready to be tendered. The 2020 WJIS is expected to enhance investment realization in West Java in the fourth quarter this year — before the end of 2020 — and trigger the province's economic growth.

According to Bank Indonesia Representative Office in West Java, the Province had become a crucial contributor to Indonesia's economic growth since 2015. West Java is one of the three most competitive provinces in Indonesia in 2020, supported by three driving factors: foreign direct investment (FDI), quality infrastructure, as well as competitive and reliable human resources.

In the last three years, on an average, West Java's economy grew by 5.4 percent, higher than Indonesia's economic growth averaging 5.1 percent. The province's strong economic growth was driven by the manufacturing industry and household consumption.

Furthermore, investment has played a vital role in contributing to economic growth of West Java. Hence, in a bid to facilitate economic recovery, it is necessary to formulate a well-planned and comprehensive strategy to encourage investment inflow that could function as a driver for national economic recovery.

Bank Indonesia (BI) Governor Perry Warjiyo stated at the WJIS that regional investment is one of the keys to driving the national economic recovery. Bank Indonesia (BI) West Java Office Head Herawanto said that Bank Indonesia in collaboration with West Java provincial government had taken strides to accelerate infrastructure development in various sectors, from transportation and renewable energy, to water management and urban infrastructure.

The West Java provincial government is also offering an alternative scheme for partnership and investment by involving the private sector in financing infrastructure development.

Luke Mackinnon, Infrastructure Country Manager at Amazon Web Services, said that Indonesia represented a great opportunity as an investment destination, with its growing economy. "This (growing economy) is also beneficial for Amazon Web Services, especially in terms of expanding investment opportunities in Indonesia. We do envision huge investment growth and we can't wait to add resources and infrastructure to serve consumers."

Lee Kang Hyun, Vice President of Hyundai Motor Asia Pacific, said that the company has the full support of the Indonesian central government and the West Java provincial government in running its business. "As investors, we certainly choose West Java because we can get full support here and the province has quality infrastructure," said Lee.

"Hyundai Motor has been building a factory in Cikarang. Despite the pandemic, with the full support of the governor and the minister, the factory development has reached 65 percent. Based on the plan, the factory can start local production in Indonesia by the end of 2021, and in 2022, it will produce Indonesia's electric cars which will be sold locally," he added.

The 2020 WJIS was held from Monday, Nov 16 to Thursday, Nov 19. The main agenda included launching the Rebana Metropolitan project, MoU Signing and Project Announcements, High Level Sessions, Market Sounding & One-on-One Meetings, Investment Talkshows, a Trade and Tourism Webinar, groundbreaking for Subang Smartpolitan development, and site visit to Rebana Metropolitan area.

Bank BJB fully supports the Rebana Metropolitan development. The West Java regional development bank has offered full support to the provincial government in establishing and developing the Rebana Metropolitan area. "Bank BJB acts as a driving agent that supports the development of new economic area, as initiated by the West Java Provincial Government. The Rebana Metropolitan project is a long-term strategic plan that requires support from various parties, including investors and banks," said President Director of Bank BJB Yuddy Renaldi.

Renaldi stated that Bank BJB in cooperation with West Java's two other regional-owned enterprises, PT Bandarudara Internasional Jawa Barat (BIJB) and Jaswita Jabar, will support the development of tourism and transportation infrastructure in the Rebana Metropolitan area.

The three inked a cooperation agreement to build three-star and five-star hotels in the Kertajati International Airport area in Majalengka, West Java. Facilities for meetings, incentives, conferences and exhibitions (MICE) will also be built in the airport area to accelerate development integration that supports economic activities.

The Rebana Metropolitan project is in line with the direction of Bank BJB's plan to create new economic areas that can improve the welfare of local communities. "Bank BJB will also expand its collaboration network with various stakeholders so that it can contribute more optimally in executing the project plan," said Renaldi.

The Rebana Metropolitan area is currently equipped with infrastructure facilities, including the Cikopo-Palimanan (Cipali) and Palimanan-Kanci (Palikanci) toll roads; the Cikampek-Cirebon railroad; Balongan, Cirebon, and Patimban (Phase I) Ports; West Java's Kertajati International Airport; and the Subang, Indramayu, and Cirebon bus stations.

Bank BJB will also provide financing for the Cileunyi-Sumedang-Dawuan (Cisumdawu) toll road project in support of efforts to improve connectivity in West Java. Bank BJB's involvement will not only support the infrastructure projects, it will also help prepare local communities to take advantage of opportunities for economic projects in the province.

Contact person:
Lia Endiani
Team communication Ridwan Kamil
Email: lia.endiani@gmail.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

DALLAS, TX / ACCESSWIRE, Nov 25, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, announced that its customer, ABB, a leading global engineering company, has been named the winner in the "Office of Finance" category of the 13th annual Ventana Research Digital Leadership Awards. ABB's win is attributed to its innovative use of Trintech's Cadency solution, standardizing its Record to Report process and generating increased efficiency across its global team.

"Technology is essential but achieving the most from technology requires leadership to implement change," notes Robert Kugel, Senior Vice President and Research Director at Ventana Research. "We gave ABB and Trintech our 2020 Digital Leadership award for having successfully tackled an ambitious close process digitization and standardization project in a decentralized worldwide organization."

In its 13th year, the Ventana Research Digital Leadership Awards program showcases "the leadership and use of business applications or technology that contribute significantly to improved efficiency, productivity and the performance of their organization." ABB partnered with Trintech and Capgemini to standardize the firm's Record to Report process, with a focus on balance sheet reconciliation, month-end closing and manual journal entries. With Trintech's Cadency solution, ABB realized greater efficiencies through streamlined policies designed to fit the needs of its specific compliance framework and more effectively manage live data to support its Record to Report process. Cadency has also provided ABB with scalability across the firm's global operations, centralizing core financial processes.

"Cadency has been instrumental in driving harmonization across our complex, multi-ERP environment," said Luca Condosta, Record to Report Group Finance Process Owner at ABB. "With the Cadency solution, we now have full visibility of our global closing and account reconciliation processes right at our fingertips."

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.

About ABB

ABB (ABBN: SIX Swiss Ex) is a leading global engineering company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB's success is driven by 110,000 talented employees in over 100 countries. www.abb.com

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

SOURCE: Trintech, Inc.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com