StraitsX, the issuer of XSGD and XIDR introduces Polygon as its third natively supported blockchain

Singapore, Sep 15, 2022 – (ACN Newswire) – StraitsX (www.straitsx.com), the Southeast Asia-based digital asset payment infrastructure today announced native support for the StraitsX Singapore Dollar (XSGD) and StraitsX Indonesian Rupiah (XIDR) on the Polygon blockchain. Polygon will become StraitsX's third officially supported blockchain, after Ethereum and Zilliqa.

Since its launch in October 2020, XSGD has gained rapid adoption, surpassing over 4.8 billion XSGD in on-chain transactions, making XSGD one of the largest non-USD stablecoin by market capital today. XIDR, introduced in November 2021, has also gained significant traction, joining XSGD as one of the largest Southeast Asian stablecoins.

Starting today, users can leverage the StraitsX platform to send and receive XSGD & XIDR on the Polygon network.

Head of StraitsX, Aymeric Salley said: "We're thrilled to introduce the StraitsX stablecoins in the vibrant Polygon ecosystem, enabling our users to take advantage of the faster settlement times and significantly reduced gas costs."

Hamzah Khan, Head of DeFi and Labs at Polygon, said: "StraitsX's stablecoins are some of the most-utilized in the cryptocurrency space, particularly outside the U.S. We're delighted to welcome StraitsX to the Polygon ecosystem and recognize the immense utility they'll bring — particularly within Polygon's expanding DeFi ecosystem. We look forward to providing the infrastructure that allows the project to flourish in the coming months and years."

XSGD & XIDR (Polygon) features fast and efficient transactions. Transactions on the Polygon network are significantly more cost-effective on the Ethereum network. Known as a 'layer 2' scaling solution, Polygon is designed to run decentralized applications (dApps) built for Ethereum, enabling developers to quickly scale their dApps to run on faster, more efficient infrastructure and accelerate access to Web3, decentralized finance (DeFi) and NFT markets.

About StraitsX

StraitsX is the pioneering payments infrastructure for digital assets space in Southeast Asia and a Major Payment Institution licensed by the Monetary Authority of Singapore.
StraitsX is part of the Fazz ecosystem, which aims to make the future of finance accessible for all businesses in Southeast Asia.

StraitsX offers personal and business account holders to mint and redeem StraitsX stablecoins, manage payments, and connect their accounts to digital asset platforms. Business accounts can also access B2B API-enabled payment rails for digital asset platforms.

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

About Polygon

Polygon (Previously known as the Matic network) is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.

Also known as a layer-2 scaling platform, the Polygon chain exists on top of the Ethereum blockchain. The Polygon chain boasts lower gas fees and faster speeds compared to the Ethereum blockchain.

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

Trintech and SatoriFP&A Announce Strategic Partnership in APAC to Bring Finance & Accounting Processes Closer Together

DALLAS, TX and SYDNEY, AUSTRALIA, Sep 7, 2022 – (ACN Newswire) – Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, and Satori FP&A, a leading reseller of solutions that promote finance automation, continuous planning, reporting, modelling and data integration, today announced a strategic partnership to offer an integrated end-to-end solution for the financial and accounting process. This partnership will provide customers with a best-in-class single source of truth of their financial data, accelerating the end-to-end FP&A, consolidation, and accounting close processes in a seamless experience.

"This strategic partnership with Trintech connects financial close management to financial planning and analysis, and will help F&A teams shift their focus from manual, tedious processes to critical business priorities," said Avron Newstadt Commercial Director of SatoriFP&A. "We're excited to partner with Trintech as their solutions, company culture and target market is perfectly complementary to SatoriFP&A and will better position us to meet the evolving needs of the market."

Together, the combination of SatoriFP&A and Trintech's financial close solutions further expands Trintech's existing partnerships with Planful and Workiva to enable these essential functions:

– Financial Planning: Planning, budgeting, forecasting, including cash flow
– Operational Planning: Revenue, inventory, demand planning, along with sales and operations planning
– Close Management: Balance sheet reconciliation, journal entry management, high-volume transaction matching, data validation, account mapping, workflows, and accruals
– Financial Consolidation: Intercompany eliminations, foreign currency, and GAAP/IFRS regulations
– Reporting and Analysis: Variance analysis, performance analytics, and financial and management reporting

"We are excited to be partnering with SatoriFP&A as we continue to expand and grow the Trintech business across ANZ and APAC," said Fintan Diviney Director, APAC at Trintech. "SatoriFP&A brings immense knowledge and experience in best practices for F&A organizations and also has existing relationships with 2 of Trintech's strategic technology partners, Planful and Workiva. This partnership will continue to strengthen Trintech's partner ecosystem focused on helping F&A teams to work faster, more effectively, and with more confidence with close management processes deeply connected to FP&A."

To learn more about the partnership between SatoriFP&A and Trintech, click here ( https://satorifpa.com.au/trintech/ ). To reach the sales team directly, contact: anewstadt@satorifpa.com.au.

About SatoriFP&A

For the last 25 years, SatoriFP&A has been assisting companies and the office of CFO & finance with solutions to improve their Month-End Close and FP&A processes. From transaction matching, account reconciliation, budgeting, planning, forecasting, reporting, dashboards, financial modelling, financial data aggregation, and Financial Data ETL. Satori has assisted companies small medium and large across multiple industries including, Retail, Financial & Business Services, Utility, Mining, Travel, Industrial, Manufacturing & Distribution. Our team are all ex-Finance Professionals CAs or CPAs, so we know the pain of, and modern solutions for, your manual excel based processes.

About Trintech

Trintech Inc., a pioneer of financial corporate performance management software, combines 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 Nordic countries, 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.

SOURCE: Trintech, Inc.

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

Seventh Belt and Road Summit draws to successful close

HONG KONG, Sep 2, 2022 – (ACN Newswire) – The seventh Belt and Road Summit, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), concluded yesterday (1 September). Continuing in the tradition of being a formal, substantial and high-quality event, the summit saw state leaders and senior officials, regional government leaders and business leaders gathered to explore the business potential of the Belt and Road Initiative, and to drive synergies and create a win-win situation through multilateral collaborations such as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Regional Comprehensive Economic Partnership (RCEP).

The seventh Belt and Road Summit, which ran under the theme "Heralding a New Chapter: Collaborate and Innovate", attracted more than 80 government and business leaders to share their insights.

More than 19,000 participants from over 80 countries and regions attended online or in-person.

The 38th Prime Minister of New Zealand, John Key, Aswin Techajareonvikul, CEO and President of Berli Jucker PCL, Liu Liange, Chairman of the Bank of China, and Rod Eddington, Chairman of Infrastructure Partnerships Australia, JP Morgan's Asia Pacific Advisory Council and Non-Executive Chairman of Lion shared their insights at Business Plenary "Collaborate for a Bright New Era".

As one of the major celebrations to mark the 25th anniversary of the establishment of the HKSAR, the summit saw more than 80 senior government officials and business leaders from the Belt and Road region gathered to share their insights under the theme "Heralding a New Chapter: Collaborate and Innovate". For the first time, the summit was held in a hybrid format, overcoming geographical boundaries by allowing those who were unable to attend in person to participate virtually. More than 19,000 attendees representing over 80 countries and regions participated online or at the physical event.

More than 800 one-to-one matching sessions

The business matching and project pitching sessions at the summit remained popular among project owners and attendees. More than 280 investment projects from the Belt and Road region and beyond were presented at the summit, covering four main areas, namely: (1) energy, natural resources and public utilities; (2) innovation and technology; (3) urban development; and (4) transportation and logistics infrastructure. The projects focused on areas such as smart city development, data centres and e-commerce related investments. More than 800 one-to-one business matching meetings were arranged for project owners, investors and professional service providers to pave the way for collaboration agreements.

Real opportunities in RCEP but some challenges

Multilateral collaboration creates more frequent cross-border trade and investment, and is becoming more important than ever in driving a strong recovery in the Asia-Pacific region following the pandemic. The RCEP, which came into effect this year, stands as the largest free trade agreement in history, accounting for 30% of the world's population and GDP. Combined with the joint effort of more than 180 countries connected through the Belt and Road Initiative, it will further strengthen regional economic integration around the world. In the Business Plenary titled "Collaborate for a Bright New Era", business leaders from economies along the Belt and Road and the RCEP shared their insights and explored how these initiatives and agreements can complement each other to drive strong economic growth and promote cross-border collaboration between businesses of all sizes.

The 38th Prime Minister of New Zealand, John Key, shared his views on the RCEP. "One of the things that are challenged is the supply chains. China is a really a huge market, and we source a lot of goods from China. We can see the impact the breaking down of those supply chains has had on global inflation."

Aswin Techajareonvikul, Chief Executive Officer and President of Berli Jucker Public Company Limited, shared that the Thailand enterprises have well received the potential of the Belt and Road Initiative (BRI). "It is in tune with our 20-year strategy and Thailand's ongoing projects for economic development under the Thailand 4.0 economic model. We are able to expand trade and investment to our neighbouring countries. We can also better link with the world market, especially for the CLMV countries [Cambodia, Laos, Myanmar and Vietnam]."

Liu Liange, Chairman of the Bank of China, said: "Most of the members in the RCEP are located in important junctions along the Belt and Road. This not only fosters connectivity between value chains and supply chains, but also further expands the 'social circle' of the Belt and Road Initiative, engaging more countries and businesses in the construction of the Belt and Road and in broader collaboration, as well as forming the dual-engine of the Belt and Road Initiative and RCEP within the region."

Belt and Road Initiative drives consumption and Infratech development

Global economies are pushing to achieve post-pandemic economic recovery. At the same time, countries around the world are striving to build stronger global business connections with the help of macro measures such as the BRI, the RCEP and the GBA development.

The demand for high-quality, innovative and sustainable infrastructure around the world has given rise to many new business opportunities. These innovative projects will be led and driven by visionary industry leaders as they usher in a new era of infrastructure development. In the "Faster, Greater Infrastructure" session of the thematic group discussions, business leaders who had turned futuristic concepts into reality and envisioned some of the world's most important infrastructure projects exchanged their views.

Founder and Managing Director of Emaar Properties and Founder and Director of Noon.com, HE Mohamed Ali Rashed Alabbar, said: "I really believe that a link such as the Belt and Road Initiative and its effects on human life, economic progress, quality of life, job creation and exchange of cultures and knowledge and unity to the world – it is going to be incredible."

Chief Marketing Officer of Hyperloop TT Robert Miller addressed the current trends in infrastructure technology (infratech) development. "Infratech is really underfunded and underdeveloped. Hyperloop really falls into the category of infratech where there is a longer time to profitability. So we need patient investors from both public and private sectors. Meanwhile, governments everywhere are looking at reducing carbon emissions. One of the biggest polluters is the transportation industry: 23% of all carbon emissions worldwide come from transportation. Europe, the United States and countries in Asia are all looking how to decarbonise the transportation industry. Hyperloop TT could be a massive driver in that decarbonisation," he said.

The seventh Belt and Road Summit was made possible by its Strategic Partner, China International Capital Corporation (CICC); Regional Banking Partner, Bank of China (Hong Kong); and Platinum Sponsors, China Mobile International and China Unicom.

Image download: https://bit.ly/3edlV6t

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 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 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
Please contact HKTDC's Communications & Public Affairs Department:
Clayton Lauw, Tel: +852 2584 4472, email: clayton.y.lauw@hktdc.org
Sam Ho, Tel: +852 2584 4569, email: sam.sy.ho@hktdc.org

Yuan Tung Financial Relations:
Agnes Yiu, Tel: +852 3428 5690, email: ayiu@yuantung.com.hk
Tiffany Leung, Tel: +852 3428 2361, email: tleung@yuantung.com.hk
Wong Hing-fung, Tel: +852 3428 3122, email: hfwong@yuantung.com.hk

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

Seventh Belt and Road Summit opens today

HONG KONG, Aug 31, 2022 – (ACN Newswire) – The seventh Belt and Road Summit, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), opened today (31 August). This year's event lasts two days and runs in a hybrid physical and digital format, helping overcome geographical boundaries. Business leaders unable to attend the summit in person at the Hong Kong Convention and Exhibition Centre (HKCEC) join all sessions online and identify potential business opportunities through the online platform. Participants and guest speakers at the physical summit can actively interact during the event as more than 80 government and business leaders share their insights and explore opportunities the Belt and Road Initiative presents.

The seventh Belt and Road Summit, jointly organised by the Government of the Hong Kong Special Administrative Region and HKTDC, opened today (31 August), with the theme "Heralding a New Chapter: Collaborate and Innovate".

In his welcome remarks, Dr Peter K N Lam, Chairman of the HKTDC, said: "With innovation driving progress, the Belt and Road Initiative provides the framework to apply these innovations to create a sustainable future."

The Policy Dialogue Session analysed how economies under the Belt and Road Initiative can strengthen cooperation and boost economic growth through infrastructure development and trade under "Driving Growth through Partnership and Collaboration".

As the first major international event following celebrations for the 25th anniversary of the establishment of the HKSAR, the summit runs under the theme "Heralding a New Chapter: Collaborate and Innovate". Project owners and operators, investors and service providers can explore opportunities arising from the Belt and Road Initiative, the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) development and the Regional Comprehensive Economic Partnership (RCEP) through a variety of activities, including the Policy Dialogue, plenary sessions, thematic breakout sessions, one-to-one project matching and project pitching sessions and a virtual exhibition, creating a multi-win situation that will help boost economic growth in the region. Activities today are held both online and offline while tomorrow (1 September) will be entirely online.

In this morning's opening session, Dr Peter K N Lam, HKTDC Chairman, delivered welcoming remarks. John Lee, HKSAR Chief Executive, delivered the opening address. Han Zheng, a member of the Standing Committee of the Politburo of the Communist Party of China Central Committee and Vice Premier of the State Council of the People's Republic of China, delivered the keynote speech. Wang Wentao, Minister, Ministry of Commerce, the People's Republic of China; Hao Peng, Chairman, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), the People's Republic of China and Lin Nianxiu, Vice Chairman, National Development and Reform Commission, the People's Republic of China, delivered special addresses while Zhang Xiangchen, Deputy Director-General of the World Trade Organization, gave a keynote address.

Mr Lee said in his opening speech: "The global rise of protectionism has reminded us of how important regional co-operation is. We have to work together for the better future of the region. Hong Kong is therefore very pleased to see the Regional Comprehensive Economic Partnership, or RCEP, come into force earlier this year. The landmark agreement underlines the open, inclusive, rules-based trade and investment partnership that RCEP's member states are committed to realising. We believe that regional economic integration is an essential complement to multilateral trade. Hong Kong is seeking early accession to RCEP. It will enable us to deepen the collaboration and connections we enjoy with our close partners. The Belt and Road was created to build connectivity, to bring business, and people, together. No one does that better than Hong Kong, thanks to our 'one country, two systems' principle; thanks to our longstanding East-meets-West experience and the boundless opportunities afforded us in national development."

Delivering the keynote speech, Mr Han said: "Hong Kong is an active participant, contributor and beneficiary of the Belt and Road Initiative. We are pleased to see that since the initiative launched, Hong Kong has actively negotiated and signed cooperation agreements with co-construction countries, developing trade and investment cooperation, service standard connection, international financial cooperation and exchange between people. Hong Kong plays an important role in Belt and Road development, as well as expanding its own development space. Hong Kong deserves full recognition for its work in this area. The Central Authorities will adhere to the principle of 'one country, two systems' in the long run, fully supporting Hong Kong in maintaining its unique status and advantages. Authorities fully support Hong Kong's active participation in and contribution to the Belt and Road development."

Addressing the opening session, Mr Zhang said: "The COVID-19 pandemic, geopolitical tensions, climate change and anti-globalization sentiment are the four major factors that I believe could affect the reshaping of the landscape of global trade policies. It is very challenging but can still be managed well if the whole world works together. To address these challenges, I strongly encourage enhanced dialogue and cooperation between all governments to find collective solutions because none of these challenges can be addressed by one government alone. Global challenges require global solutions."

Dr Lam said: "The HKTDC is honoured to have Vice Premier Han Zheng deliver an important keynote speech at today's summit, giving a more specific illustration of Hong Kong's role as an active participant, contributor and beneficiary of the Belt and Road Initiative. Following President Xi Jinping's important speech on 1 July, the Vice Premier's 'Four Hopes' for Hong Kong's participation in the construction of the Belt and Road further highlighted the direction of the city's development. The HKTDC has always been committed to promoting the Belt and Road Initiative and development opportunities. The team and I will continue our efforts to promote Hong Kong as an international business platform and services hub and contribute to the Belt and Road Initiative."

Multipartite cooperation to promote economic growth

The Policy Dialogue Session, chaired by HKSAR Deputy Finance Secretary Michael Wong, analysed how economies under the Belt and Road Initiative can strengthen cooperation and boost economic growth through infrastructure development and trade under the theme "Driving Growth through Partnership and Collaboration". The panel featured government and business leaders from several Belt and Road countries, including Lim Sidenine, Secretary of State of Ministry of Public Works and Transport, Kingdom of Cambodia; Luhut Binsar Pandjaitan, Coordinating Minister of Maritime Affairs and Investment, Indonesia; Lim Ban Hong, Deputy Minister of International Trade and Industry, Malaysia; Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies, Singapore; and Chayotid Kridakon, Thai Trade Representative and Advisor to the Prime Minister.

Growing relationship between Belt and Road, RCEP and GBA

The RCEP, which came into effect this year, is the largest free trade agreement in history, accounting for 30% of the world's population and GDP. With the joint effort of more than 100 countries connected with the Belt and Road Initiative, global regional economic integration will be become more established. The Business Plenary titled "Collaborate for a Bright New Era" was held this morning, with Paul Chan, Financial Secretary of the HKSAR, delivering the welcoming remarks. Hosted by Ronnie Chan, Chairman of Hang Lung Properties Limited, the session examined how economic growth can be achieved through multipartite cooperation. Other guest speakers included the Chairman of Infrastructure Partnerships Australia, JP Morgan's Asia Pacific Advisory Council and Non-Executive Chairman of Lion Rod Eddington; the 38th Prime Minister of New Zealand John Key; President of the Bank of China Liu Liange; Deputy Managing Director & Chairman for Hong Kong of Jardine Matheson Holdings Limited YK Pang; and CEO and President of Berli Jucker Public Company Limited Aswin Techajareonvikul.

In his welcome remarks, Paul Chan, Financial Secretary of the HKSAR, said: "We are capitalising on our strong collaboration with Shenzhen, developing Hong Kong into an international innovation and technology hub, focusing development on life and health sciences, advanced manufacturing, artificial intelligence and data industry, etc. We are also pressing ahead with more local infrastructure projects, including the Northern Metropolis and the Lantau Tomorrow Vision, as well as many other road, railway and land development projects. Talents, capital and entrepreneurs are all essential to achieving our goals. We warmly welcome businesses and talents from all over the world, Belt and Road countries included of course, to come to Hong Kong to collaborate with us and grasp the enormous opportunities together. To this end, we will have new policies and support measures to facilitate the coming of talents and enterprises."

The strong economic resilience demonstrated by the Greater Bay Area amid the pandemic will further unleash the region's economic potential in terms of cross-border trade and financial market liberalisation, along with the development of cutting-edge innovation and technology. The Business Plenary this afternoon, "Capturing Synergies between Belt and Road and Greater Bay Area", was hosted by David YK Wong, Permanent Honorary President of The Chinese Manufacturers' Association of Hong Kong. The panelists included Chairman of the Power Construction Corporation of China Ding Yanzhang; CEO, Chairman of the Management Committee, Executive Director of the Board of China International Capital Corporation Limited Huang Zhaohui; Chairman of MTR Corporation Limited Rex Auyeung; Chairman of WeLab Bank KC Chan; and Chairman of East Asia Region of Arup Group Michael Kwok. The speakers shared ideas on the potential opportunities the GBA brings as an important Belt and Road hub, and also discussed how Hong Kong can further leverage the advantages of the GBA to enhance its position and promote the development of the city's industries.

Five breakout sessions explore hot-button issues on summit's first day

Spanning many countries and regions, the Belt and Road Initiative creates new room for the development of professional sectors. On the first day, the summit, in conjunction with a number of organisations including the Department of Justice of the HKSAR Government, the Insurance Regulatory Authority, China Foreign Contractors Association and Dun & Bradstreet, held five breakout sessions to examine a range of topics such as international dispute resolution, insurance services, GBA infrastructure development, digital technology development and future infrastructure development. More thematic breakout sessions and project pitching sessions will be held tomorrow – details of the programme, speakers and partner organisations can be found at https://www.beltandroadSummit.hk/conference/bnr/en

One-to-one business matching meetings and project pitching sessions

Following the success at previous summits, the HKTDC has extended the hybrid project and business-matching sessions from two to seven days (31 August to 6 September) this year. New features include a video display at the summit to increase project exposure and give investors and professional service companies a better understanding of project details.

The summit also features online and offline exhibitions which have attracted more than 60 exhibitors and are divided into the "Global Investment Zone", "Hong Kong Zone" and "GBA Tech Zone". The project pitching sessions give entrepreneurs from different countries a platform to present projects, giving investors and service intermediaries a comprehensive understanding of investment opportunities in different sectors. Pitching sessions focus on four main areas – energy, natural resources and public utilities; innovation and technology; urban development; and transport and logistics infrastructure.

China International Capital Corporation Ltd serves as the Strategic Partner of the seventh Belt and Road Summit; Bank of China (Hong Kong) Ltd as the Regional Banking Partner; and China Mobile International Limited and China Unicom Global Limited as Platinum Sponsors.

The Seventh Belt and Road Summit
Date: 31 August 2022 (Wednesday) Hybrid; 1 September 2022 (Thursday) Online
Websites
– Belt and Road Summit: https://www.beltandroadSummit.hk/conference/bnr/en
– Programme: https://www.beltandroadSummit.hk/conference/bnr/en/programme
– Speaker list: https://www.beltandroadSummit.hk/conference/bnr/en/speaker
– Photo download: https://bit.ly/3QbkuDe

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 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 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
Please contact HKTCD's Communications & Public Affairs Department:
Clayton Lauw, Tel: +852 2584 4472, email: clayton.y.lauw@hktdc.org
Sam Ho, Tel: +852 2584 4569, email: sam.sy.ho@hktdc.org

Yuan Tung Financial Relations:
Agnes Yiu, Tel: +852 3428 5690, email: ayiu@yuantung.com.hk
Tiffany Leung, Tel: +852 3428 2361, email: tleung@yuantung.com.hk
Wong Hing-fung, Tel: +852 3428 3122, email: hfwong@yuantung.com.hk

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

Trintech Announces Latest Release of CadencyDirect to Drive Greater Efficiency and Control across the Financial Close Process for ServiceNow Customers

DALLAS, TX, Aug 16, 2022 – (ACN Newswire) – Trintech, a leading provider of cloud-based financial close solutions for the Office of Finance, today announced the latest release of CadencyDirect which extends digital workflows for the Office of Finance with new bi-directional workflows for close tasks, enhanced Journal Entry management capabilities, and a greater user experience.

"With this release, we are helping F&A teams continue to achieve enhanced visibility and control of critical financial data in order to handle risk with confidence," said Michael Ross, Chief Product Officer of Trintech. "With these new bi-directional workflows, ServiceNow customers are positioned to reduce complexity and risk, accelerate the overall process, and drive a greater experience for their teams."

Key capabilities of this release include:
– Bi-Directional Workflows: Users can individually or bulk close or reopen tasks within the ServiceNow(R) Application
– Enhanced Journal Entry Dashboard: Users can now filter and view all Journal Entry detail components
– Enhanced User Experience: Users can now access the CadencyDirect platform in a one-click, SSO-enabled user experience

"We are continuing to see companies driving digital transformation initiatives, including within the Office of the CFO," said Erica Volini, Senior Vice President, Global Alliances & Partner Ecosystem at ServiceNow. "Instrumental in our partnership with Trintech, CadencyDirect is representative of the technology investments companies must make to drive business transformation. CadencyDirect connects a historically siloed finance team to the broader enterprise for better collaboration, improved employee experience and enhanced operational excellence."

CadencyDirect is certified as part of the ServiceNow Built on Now(TM) program that complements and extends financial operations management so that CFOs and their teams can digitize workflows across the financial close process – helping to reduce complexity and risk, accelerating the overall process, and driving a greater experience for the entire enterprise. The platform combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management and compliance and provides a connected, collaborative ecosystem by leveraging a mature and very robust set of financial controls, along with deep automation and integration capabilities that seamlessly connects with leading ERPs such as SAP(R), Oracle(R), and NetSuite(R).

Whether you're an experienced ServiceNow user looking to synchronize your mature or in-progress digital transformation, or just starting your transformation journey, CadencyDirect is where Financial Transformation meets Digital Transformation. For more information, please contact either your appropriate ServiceNow or Trintech representative or go to www.trintech.com/CadencyDirect for more information.

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.

ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

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

Elite Partners continues acquisition spree with the purchase of a warehouse in Poland

Singapore, Aug 16, 2022 – (ACN Newswire) – Elite Partners Capital has completed an off-market acquisition of a warehouse in Radomsko, Poland for close to EUR30 million. This marks the firm's third purchase within a span of six weeks, after announcing acquisitions in UK and Netherlands.

The asset is well-located in Central Poland, being in the immediate vicinity of the A1 motorway, national roads DK 42 and DK 91, as well as key railway junctions. It is the first facility within "LOOGIC Park Radomsko" logistics park which will eventually house 11 warehouse halls totalling 380,000 sqm over 80 hectares of land.

The warehouse provides a total usable area of approximately 54,000 sqm and achieved an 'Excellent' BREEAM certification. It was constructed by FB ANTCZAK, Polish general contractor, as a Built-to-Suit facility for JYSK, a big box retailer of household goods. JYSK is the largest Danish retailer operating internationally with over 3,000 stores in 48 countries globally. The warehouse is used primarily for high-volume storage and is strategically located near the main JYSK Distribution Center. This allows JYSK to distribute goods efficiently and lower transport costs, ultimately having a positive effect on the environment through reduction of CO2 emissions.

This is the first Polish acquisition for the second series of EPC's Logistic Funds. "Following our recent string of successful investments, we are pleased to announce the acquisition of the Polish warehouse facility that is fully let to JYSK," said Mr Victor Song, CEO of Elite Partners Capital. "We are no stranger to the Polish market and have forged trusted relationships on the ground. Because of this, we are able to efficiently source for select opportunities that provide attractive returns even in today's volatile market."

Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.

For this transaction, DLA Piper (Legal) advised Elite Partners Capital and AXI IMMO Group acted for the Vendor.

About Elite Partners Capital

Incorporated in 2017, Elite Partners Capital is a Singapore-based licensed fund manager. The Elite Logistics Fund series has a Pan-European strategy focusing on prime logistics assets in the high-growth and defensive sectors.

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

Elite Partners Makes Maiden Entry into the Dutch Logistics Market with Acquisition of a Warehouse in Netherlands

Singapore, Aug 2, 2022 – (ACN Newswire) – Elite Partners Capital has acquired a warehouse in central Netherlands from a private investor. This comes shortly after its acquisition of a distribution facility in Wrexham UK, announced just earlier in the month. This marks the firm's first foray into the Dutch logistics market.

The asset is located at Nunspeet, a city just outside the Randstad area in the middle of Netherlands. Located alongside the A28 motorway, it serves as one of multiple industrial/logistics hubs that connects the Randstad area with the northeastern provinces and the northern part of Germany. The asset sits within the Feithenhof business park which has a total size of approximately 27.7 hectares and comprises a mix of local industrial businesses alongside internationally operating occupiers.

The warehouse provides a gross floor area of 30,817 sqm on 55,108 sqm of land. It is fully let to B&C International B.V., one of Europe's leading suppliers of custom and ready-made window treatments. B&C is one of North America's Springs Window Fashions' residential brand. The asset is used largely for sorting and distribution and also houses B&C's headquarters.

The transaction is part of the second series of EPC's Logistics Fund and is the firm's first acquisition in the Dutch market. "The Netherlands is one of the top logistics markets in Europe, underpinned by efficient ports and well-established logistics infrastructure. We are excited to announce our first acquisition within the Dutch market and look forward to growing our footprint here due to its strong fundamentals and logistics demand," said Mr Victor Song, CEO of Elite Partners Capital.

Elite Logistics Fund II continues to focus on building a portfolio of high-quality logistics warehouse or infrastructure across Europe and the UK.

For this transaction, Opal Partners acted for Elite Partners Capital and Cushman & Wakefield acted for the Seller.

About Elite Partners Capital

Incorporated in 2017, Elite Partners Capital is a Singapore-based licensed fund manager. The Elite Logistics Fund series has a Pan-European strategy focusing on prime logistics assets in the high-growth and defensive sectors.

Media Contact:
enquiries@elitepartnerscapital.com

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

Digital Treasures Center Secures MPI Licence to Provide Digital Payment Token and Other Payment Services in Singapore

Singapore, Aug 1, 2022 – (ACN Newswire) – The Monetary Authority of Singapore (MAS) has granted Digital Treasures Center (DTC) the Major Payment Institution (MPI) licence. Securing the full licence means DTC has exited from the exemption status and is now a fully regulated provider (MAS licence number: PS20200531) of Digital Payment Token (DPT) and other payment services under the Payment Services Act (PSA).

Ms. Alice Liu, Chief Executive Officer and founder of DTC

“We are excited to obtain the full licence from MAS. With the full licensing, we will continue to build on the good work that the team is currently doing while looking to expand our footprint globally starting from our ASEAN neighbours,” said Ms. Alice Liu, Chief Executive Officer and founder of DTC. “Our base in Singapore provides us with the unique competitive advantage in leverage the country’s strong business infrastructure, strong government support, innovation ecosystem and strong regulatory framework to allow us to expand our company.

Effect 1 August 2022, DTC will be providing the following payment activities under the MPI licence:

Account Issuance Service – open accounts for merchants and consumers to accept and pay e-money and non-card transactions.
Merchant Acquisition Service – enable merchants to leverage DTC services to accept and process payment transactions online and offline.
Domestic Money Transfer Service – provide local money transfer services in Singapore.
Cross-border Money Transfer Service – provide cross-border money transfer services globally.
E-money Issuance Service – issue e-money for merchants and consumers.
Digital Payment Token Service – facilitate transactions with digital payment tokens.

“We are grateful for the support and trust that our clients and community have given us over the years. We are optimistic about the future of cryptocurrency as a use case for payment. Over the past few months, we are seeing an uptick of enquiries and onboarding from merchants and companies from healthcare to music, F&B and automobiles on enabling crypto payments,” Liu said. “As crypto payment gains momentum, we are hopeful to see more merchants from various industries coming onboard to accept crypto as an additional form of payment.”

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 8889 7802

Adra and Cadency by Trintech are Certified by SAP for Integration with Cloud Solutions from SAP

DALLAS, TX, Jul 14, 2022 – (ACN Newswire) – Trintech Inc., a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced that its Adra Connector for S/4HANA(R) Cloud, its mid-market suite, and Cadency Connector for S/4HANA Cloud, its large enterprise platform, are certified by SAP for integration with cloud solutions from SAP to deliver finance transformation and value to customers.

"Trintech continues to deliver new integration capabilities to provide customers with even more value in their financial transformation journeys," said Michael Ross, Chief Product Officer at Trintech. "These integrations bring enhanced control, automation, and data integrity to finance and accounting departments around the world, while also helping to ensure that data flowing to and from their SAP solutions is as seamless as possible."

Data integration is fundamental in enabling the Office of Finance to modernize its operations. Bi-directional in nature, Cadency and Adra reduce the cost, time, and risk of data integration by automatically retrieving the data required for reconciliation and close processes.

Solutions that are SAP-certified can be efficiently integrated into SAP solution environments and can reduce overall IT investment costs and risks. In addition, Trintech(R) Smart Automation (also SAP-certified) combines process automation with risk-based capabilities to enable finance teams to focus on high-risk transactions or processes, add value to the finance deliverables, and provide insight to help drive continuous improvement. Most recently, Trintech is extending its Smart Automation capabilities with the release of an automation dashboard that provides real-time visibility and statuses of Smart operational processes.

Trintech currently has hundreds of customers running SAP solutions alongside its solutions such as Siemens, HP, GSK, and Serco Group PLC. Cadency and Adra are ERP-agnostic, offering the ability to support all instances of ERPs and GL systems for complete visibility across all business units, geographies, and sources.

SAP Integration and Certification Center (SAP ICC) has certified that Trintech's Adra Connector for S/4HANA Cloud and Cadency Connector for S/4HANA Cloud solutions integrate with SAP S/4HANA Cloud using standard integration technologies, or that run as an add-on to a cloud solution from SAP.

About Trintech

Trintech Inc., a pioneer of financial corporate performance management software, combines 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 Nordic countries, 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.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

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

SOURCE: Trintech, Inc.

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

Adra and Cadency by Trintech are Certified by SAP for Integration with Cloud Solutions from SAP