Naehas and Itea P2B AB Partner to Bring Enhanced Value to Financial Services Billing and Disclosures

PALO ALTO, CA, May 21, 2024 – (ACN Newswire) – Naehas, the leader in the financial services customer experience cloud space, is partnering with Itea P2B AB (Itea P2B), a Nordics-based fintech company, bringing each other’s solutions to their respective markets.

This global partnership will allow banks to leverage new functionalities, using Itea P2B’s billing capabilities as an integrated Naehas solution, made possible through Naehas’ flexible architecture.

These new capabilities include, but are not limited to:

Invoice grouping per customer or account
Options of debit advice
E-invoicing
PDF for distribution or digital use
Sales tax calculations
Flexible billing periods/cycles
Customized invoicing based on billing settings
Credit note capability to fix invoicing errors

In Europe, Middle East, and African (EMEA) markets, Itea P2B will provide access to Naehas’ disclosure management solutions. This helps EMEA banks to reduce regulatory risk by automating their marketing and service disclosures.

Globally and in particular for the U.S. and Canadian markets, Naehas’ enterprise product and pricing, offer management, and disclosure management solutions combined with Itea P2B’s billing capabilities create a robust customer experience ecosystem. This partnership reinforces the commitment of both firms to support banks in providing their customers with exceptional service.

“Automating and controlling billing are key areas for banks serving commercial and corporate customers. There’s a lot of complexity surrounding billing. It’s an area of profound customer experience, leakage, errors, time loss, and excessive costs related to manual processing. Customers need transparency, and Naehas helps provide that clarity. We are helping banks to wrap new capabilities around their cores without changing it,” states Steve Dobrenski, Head of Global Partnerships at Naehas. “We are also excited to provide EMEA-based banks with a disclosure management solution in partnership with Itea P2B,” the partnership leader continues.

“We are thrilled to collaborate with Naehas by integrating our advanced billing capabilities into Naehas’ customer experience banking platform with particular focus on the U.S. and Canada. Their exceptional financial solutions perfectly align with the needs of banks, complementing our own offerings. Together, we can now enhance the value we deliver to our clients twofold,” Rasmus Beigler, CEO of Itea P2B, exclaims.

Please contact Naehas for more information.

About Naehas

Naehas is the leading financial services industry cloud for exceptional customer experiences. The company delivers personalized products, pricing, offers, disclosures, and customer communications faster and more efficiently while reducing risk. By providing solutions that support enterprise functions, including product management, marketing, compliance, and operations, its clients see a 70% reduction in cycle times and a 5x increase in targeted offers.

About ITEA P2B AB

Itea P2B AB is a Swedish fintech product company offering an off-the-shelf product for centralizing the pricing and billing management functions across the bank. A true partner for the banks to address the challenges banks face today, its expertise comprises streamlining siloed product management, eliminating revenue leakage due to historic inefficiencies, minimizing turnaround time and cost for new product and price propositions, and boosting transparency.

Source: Naehas

View the original press release on newswire.com.

Top executives from SDAIA, Saudi Aramco, Almarai, Saudi Pro League & many others coming to speak at Smart Data & AI Summit

RIYADH, May 17, 2024 – (ACN Newswire) – Gathering nationwide anticipation, Saudi Arabia’s inaugural edition of Smart Data & AI Summit on 27 – 28 May 2024 in Riyadh is reserving a spot in every thought leader’s calendar.

Set to happen at one of KSA’s most iconic venue, JW Marriott Hotel Riyadh, the summit is pacing to navigate the future of big data analytics and AI. At the heart of this summit there’ll be discussions led by the most senior executives from Saudi Electricity Company, Economic Cities and Special Zones Authority, King Saud Medical City, Saudi Aramco, Ministry of Hajj & Umrah, Almarai, Saudi Pro League, Council of Health Insurance, MOMRAH and many others.

Underscoring the significance of these technologies for the second-largest company in the world, Nayef Al-Otaibi (VP & Chief Digital Officer, Saudi Aramco), who also happens to be the summit’s key speaker expressed, “A.I. is touching every part of our company – from managing plants to improving logistics and calculating reserves. Big data is helping make more discoveries while enhanced reserves calculation is being made possible by combining advanced machine-learning with the data gathered by in-house experts. Aramco has recently developed its own large language model, called AramcoMETABRAIN, that is an industrial-grade large language model. AramcoMETABRAIN has grown to a ~250 billion parameters model, to make predictions, generate outputs and act as a foundational layer for our future generative AI applications.”

Among the 300+ attending Data Analytics & AI professionals, there will be heavy participation from CDOs, CIOs, Heads of IT, Data & Business Intelligence, Modelling & Mining, Analytics, Directors of AI, Machine Learning, Robotics, and a lot more.

The summit will highlight the great strides taken by Vision 2030 alongside encouraging global cooperation and innovation. With participation hailing from diverse sectors, all united by a commitment to a data-driven future, Smart Data & AI Summit will establish the perfect precedent for the international organisations towards a global community underpinned by the latest technologies.

From insightful keynotes to detailed discussions with technology gurus and policy influencers, the summit will cover key topics under data analytics & AI domains, including but not limited to ‘Embarking on the Kingdom’s Data Oasis’, ‘Bridging Prediction and Creation with Generative and Predictive AI’, ‘Leveraging the Power of Data Mesh to Maximize the Value Derived from Data’, ‘Augmented Analytics in Action’, ‘Integrating Artificial Intelligence into Marketing Analytics’ and others.

Post-confirming his participation for the summit, Dr. Faisal Alnasser, the CIO from Almarai, Saudi’s leading dairy company, stated his exemplary vision behind participating at the platform, “As the Kingdom takes massive strides towards embracing the most advanced data-driven changes, Almarai, the nation’s most loved brand, is actively striving to spearhead innovations and lead by example. By participating at Smart Data & AI Summit, I would like to encourage a culture of knowledge-based economy wherein Saudi organisations can reach the pinnacle of agility, growth, and success by harnessing the latest technologies.”

Organizer and CEO of Tradepass, Sudhir Ranjan Jena, expressed how the platform aims to change the country’s dynamics around emerging technologies, “Smart Data & AI Summit will stand as a beacon of massive paradigm shifts and encourage global capital flows into the Kingdom’s data-driven and AI streams. Considering the strong participation from technology behemoths, the platform will also help in shaping the global narrative on emerging technologies.”

For more information about the event, log on to: https://saudi.smartdataseries.com/

About Tradepass

Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.

As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.

Media contact:
Shrinkhal Sharad
PR & Communication Lead
shrinkhals@tradepassglobal.com
+ (91) 80 6166 4401
Tradepass

Dubai FinTech Summit concludes with over 8,000 visitors from 118 countries

DUBAI, May 14, 2024 – (ACN Newswire) – The 2nd edition of Dubai FinTech Summit (DFS) organised by Dubai International Financial Centre (DIFC), under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of DIFC, concluded with resounding success. The 3rd edition of the Dubai FinTech Summit will be held on 7-8 May 2025, also under the directives of His Highness Sheikh Maktoum.

Highlights:
– The 3rd edition of the Dubai FinTech Summit to be held on 7-8 May 2025, under the directives of His Highness Sheikh Maktoum.
– The 2nd edition of Dubai FinTech Summit attracted over 8,000 visitors from 118 countries around the world.
– Over 50 Memorandum of Understandings (MoUs) were signed during the Summit with global financial leaders.
– More than 20 top investment management firms with investments in 12,000 companies participated in the Summit.
– Nik Storonsky, Founder and CEO of Revolut inked expansion plans in the MEASA region, marking a significant step towards fostering financial inclusion through cutting-edge technology.
– State Street Global Advisors’ President and Chief Executive Officer, Yie-Hsin Hung confirmed the reopening of its Dubai offices.
– Dyna.Ai, the Singapore headquartered firm launched operations across Asia, the Middle East, Africa, Europe, North America and Latin America, with offices planned in the UAE, Saudi Arabia, and Nigeria.

From government officials and policy makers to start-up founders, the two-day Summit, held at Madinat Jumeirah, brought together an unprecedented gathering of more than 8,000 decision-makers from 118 countries around the world. These included over 300 thought leaders participating in 125 discussions across five stages and over 200 exhibitors showcasing cutting-edge technologies. Over 20 government dignitaries were also in attendance, including the Mayor of Seoul, Central Bank Governors, and Deputy Governors.

His Excellency, Essa Kazim, Governor of DIFC, commented: “The Dubai FinTech Summit is not just a gathering, it is a platform for transformative discussions and collective action. The Dubai FinTech Summit stands as a beacon of impact, progress, and collaboration, creating unprecedented opportunities for growth and innovation. Dubai is at the forefront of shaping the future of finance and will continue to strengthen its position as a leading global hub for FinTech firms.”

Arif Amiri, Chief Executive Officer at DIFC Authority, opened day two of the Summit, followed by two fireside chats with His Excellency Helal Saeed Al Marri, Director General, Department of Economy and Tourism, and Yie-Hsin Hung, President and Chief Executive Officer at State Street Global Advisors.

During his opening remarks, Arif Amiri, Chief Executive Officer at DIFC Authority, said: “Today, we are experiencing an extraordinary period of technological transformation where FinTech defines how we transact, how we save, and how we manage our financial lives. FinTech is also defining how traditional financial services companies operate. In recent years, we have seen FinTech revenues grow globally six-fold. We have also seen growing mainstream acceptance of cryptocurrencies, which is allowing for its market capitalisation to exceed USD 3trn. This year, FinTech is again expected to garner and secure an additional 5 per cent of global financial service revenues. In the next two years, digital payments are expected to increase over 10trn dollars, and by 2030, north of 25 per cent of banking valuations are expected to be driven by FinTech.

Dubai FinTech Summit offers a unique platform to explore the opportunities ahead of us, which is why, at DIFC, our strategy is firmly focused on being at the heart of this FinTech revolution. During our 20 years of operations, we have always embraced innovation. It is part of our X factor. We do not simply talk about it but engage with it; with the talent, with the investors and the regulators to execute it. Our visionary leadership has always enabled Dubai and DIFC to take a leading role in driving the future of finance and innovation. For this reason, we have built the region’s most comprehensive proposition that enables our clients to do and achieve great things in a place that integrates FinTech firmly into its DNA. In a place that attracts talented entrepreneurs, encourages collaboration, and provides global connectivity: a gateway between the east and the west, and a true nexus point for the global markets.”

Over 50 international associations participated in the Summit this year, including Africa FinTech Network, Business France, FinTech Philippines Association, European Blockchain Association, Global FinTech Alliance (GFA), Hong Kong FinTech Industry Association, International Digital Economy Association, Invest Seoul, Luxembourg Institute of Financial Technology (LHOFT), Swiss Finance & Technology Association and Women in Web3 Association, among others.

This year’s Summit saw the participation of over 1,000 investors, including more than 10 top executives from some of the world’s biggest banks, managing over USD 7trn in assets under management (AUM). In addition, over 40 FinTech and blockchain unicorns, with a combined market capitalisation of over USD 400bn were also present.

During the two days, over 30 side events were hosted by local, regional, and international partners of the Summit.Panels on the second day included a deep dive into some of the most pressing topics within the financial technology landscape, ranging from High Interest Rates and Macroeconomic Volatility, Institutional Adoption and Regulatory Clarity – Crypto’s Path Forward, and D33 – A Decade of Economic Transformation, among others.

Dubai FinTech Summit also witnessed the signing of more than 50 Memorandum of Understandings (MoUs) with global financial leaders, as well as several key announcements from attending businesses.

Nik Storonsky, Founder and CEO of Revolut announced expansion plans in the MEASA region, marking a significant step towards fostering financial inclusion through cutting-edge technology. Revolut is a global neobank and financial technology company with headquarters in the UK that offers banking services for retail customers and businesses.

Recognising the potential of operating in the region’s largest financial ecosystem, State Street Global Advisors’ CEO, Yie-Hsin Hung, also announced that the firm is making a welcome return to DIFC. Based on the region’s expanding opportunities, coupled with DIFC’s 20-year track record as a leading hub for finance and growth, DIFC has continued to draw in an extensive list of banks, advisors, high-net-worth individuals, family offices, and sovereign wealth funds seeking exposure to the region’s fast-growth markets within a future-forward regulated environment.

Dyna.Ai, the Singapore-headquartered firm announced the launch of its operations across Asia, the Middle East, Africa, Europe, North America and Latin America, aiming to transform businesses with AI. The company offers a suite of solutions for digital banking, risk management, audience communication, and employee productivity to address current financial challenges. In the MEA region, offices will be opened in the UAE, Saudi Arabia, and Nigeria. Dyna Athena, a newly launched AI platform, will provide revolutionary communication and interaction between customers, which will include features such as text-to-speech, language and speech processing. Dyna Avatar, a brand-new humanoid customer assistant, capable of real-time voice-activated conversations in Arabic, English, Chinese, Japanese and Thai, was also launched at the Summit.

Among several notable presentations, Crypto Oasis provided an insightful update on the UAE’s dynamic and ever-evolving blockchain ecosystem. According to the presentation, active companies have surged by 13 per cent year-on-year, reaching 2,040 organisations, with a healthy mix of 71 per cent native and 29 per cent non-native blockchain companies contributing to the ecosystem. There has also been a marked increase in the industry workforce, with over 10,600 individuals working in the blockchain space. One of the key factors driving the crypto industry has been an increase in regulatory clarity, which has helped to attract global brands such as Bybit, Crypto.com, and OKX, which each received Virtual Asset Service Provider (VASP) licenses from VARA.

In line with the Dubai Economic Agenda (D33) to position Dubai as the top four global financial hubs by 2033, DFS is designed to encourage cross-border collaboration and innovation, central to transforming the global FinTech sector. The Summit presented a unique opportunity for attendees to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.

The 2nd edition of the Dubai FinTech Summit was supported by over 150 global corporate partners. Visa as Founding Partner & Co-Host; Emirates NBD as Premium Banking Partner; e& life as Powered By sponsor; Commercial Bank of Dubai (CBD) as Strategic Banking Partner; Finvasia as Lead Sponsor; SC Ventures as Strategic Venture Partner; Dynatech AI as Powered By sponsor; and Mashreq as Diamond Sponsor, among others.

About Dubai FinTech Summit

Dubai FinTech Summit is an annual mega event organised by the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The 2nd edition of the Dubai FinTech Summit will bring together over 8,000+ global industry leaders, 1,500+ investors and policy makers, signalling increased appetite for growth opportunities in the region.

Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector. As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2 per cent CAGR to USD949 billion from 2022 to 2030. The Summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033.

The expanded programme of Dubai FinTech Summit is set to exceed expectations by delving into key tracks, including the future of FinTech, embedded and Open Finance, climate finance, Web3 and digital assets. The summit stands as a thought leadership-driven platform, addressing industry challenges head-on and championing innovation.

Visit www.dubaiFinTechsummit.com

#Difc #DifcInnovationHub #DFS2024 #FinTech

For further enquiries, please contact:
Samia Ahmad Assistant Manager
Marketing at DIFC Innovation Hub
E: samia.ahmad@difc.com
Phone: +971 4 362 2657

$9.25 Million in Investments Committed to Start-ups during FinTech World Cup at Dubai FinTech Summit

London, UK, May 13, 2024 – (ACN Newswire) – The much-awaited Grand Finale of the FinTech World Cup (FWC) hosted by Trescon in partnership with Dubai FinTech Summit (DFS), VISA, Emirates NBD & Amazon Web Services (AWS), witnessed committed investments totalling worth over USD 9,250,000 (9.25 million) by various investors.

In an intense showdown, 15 qualified start-ups from around the world – Audax, Xaults Technologies, Monak E-Services, YABX, ALTPAYNET, APPRO, Libeara, Letbloom, Myzoi, Vault22, Lordsystem, MOIN, Alphastream.ai, Validus, and Namara – pitched at the FWC Grand Finale to a room full of global investors during the 2nd day of DFS.

While APPRO emerged as the Winner of FWC and secured on the spot investment commitment of USD 500,000, other startups like Finix196 received commitment of USD 5 million by Dhruv Management, Motive Partners committed USD 3 million to Alpha Stream and Validus got commitment of USD 750,000 by Aum Ventures.

Mohammed Saleem, Founder and Chairman of Trescon, stated, “We were thrilled to host the Grand Finale of our FinTech World Cup at the Dubai FinTech Summit. By joining forces, we created an unparalleled platform for FinTech innovation, providing participants with access to Trescon’s international reach, a regulatory environment that fosters growth and most importantly access to much needed capital. As an FWC Jury Member & a fellow investor, I commit to investing in some of these start-ups too to walk the talk, including the USD 500,000 for FWC Grand Finale Winner Appro.”

Naveen Bharadwaj, Group CEO of Trescon, said, “The FinTech World Cup is an opportunity to solve real-world challenges through collaboration and capital. In addition to the investments totalling worth USD 9.25 million that were announced, I’m happy to share that the winner & first two runner ups will also gain access to mentorship by the esteemed jury, Trescon Credits & Amazon credits – enhancing their resources for growth and development, global brand exposure, industry recognition and a path to success through strategic synergies and partnerships. We are committed to shaping an ecosystem that not only celebrates FinTech excellence but also propels the industry forward.”

The FWC jury was comprised of distinguished professionals from various sectors of the FinTech industry, including Nasir Zubairi, CEO at The LHoFT Foundation; Hugo Bongers, Partner at Motive Ventures; Sara Tabana, Senior Director of FinTech Innovation Strategy at Visa; Melissa Cannon Guzy, Co-Founder and Managing Partner at Arbor Ventures; Mohammed Saleem, Founder and Chairman of Trescon; Chetan Mehta, Founding Partner at AUM Ventures; Rana Abdel Latif, Partner at Speedinvest; Nacira Alioua, Head of FinTech Engagement at Emirates NBD; and Tunc Ozgul, Head of Startup and VC Ecosystem at Amazon Web Services.

The 2nd edition of the Dubai FinTech Summit was supported by global corporate partners, including Founding Partners VISA, Emirates NBD (ENBD), Etisalat & (E&) and Commercial Bank of Dubai (CBD).

About Dubai FinTech Summit

Visit www.dubaifintechsummit.com

#Difc #DifcInnovationHub #DFS2024 #Fintech #FWC #DFS24 #Fintech #Difc #DifcInnovationHub #Trescon

For further enquiries, please contact:

Samia Ahmad Assistant Manager
Marketing at DIFC Innovation Hub
E: samia.ahmad@difc.com
Phone: +971 4 362 2657

Shadi Dawi
Director of PR & Strategic Partnerships
Trescon Global
Mobile: +971 55 498 4989
shadi@tresconglobal.com

Saakuru and Blockpass Partner for Compliance in the Best Economic Opportunities Web3 Offers

HONG KONG, May 9, 2024 – (ACN Newswire) – Blockpass and Saakuru are excited to reveal their new partnership, which sees the two-layer Web3 solution benefit from Blockpass’ proprietary verification services, allowing Saakuru’s users to engage with its revolutionary, frictionless blockchain and developer suite in a safe, regulated manner.

Saakuru is a consumer-centric layer-2 protocol with zero transaction fees, powered by $SKR. The platform is enhanced with the Saakuru Developer Suite which enables apps to be embedding Web3 solutions in as little as a single day. These innovative developments enable users to benefit from all the benefits of Web3 without the transaction fees and UX limitations that typically plague an ecosystem. With public-permissioned gas-less L2 blockchain boasting no transaction fees, and a comprehensive developer suite that includes token contract tools and embedded wallets, Saakuru facilitates a seamless and cost-effective transition from Web2 for developers and newcomers alike.

Blockpass, known as “Web3’s OG Identity Verifier,” has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network.

“As the cryptocurrency landscape becomes increasingly regulated, leveraging Blockpass’ verification solutions is crucial for maintaining compliance and ensuring the integrity of our platform. Utilizing Blockpass for developer verification within the Saakuru Protocol is essential not only for securing our ecosystem but also for maintaining transparency. This partnership underscores our commitment to building a reliable and government-friendly platform by adhering to necessary regulations and minimizing the risk of scams in public permissionless blockchains. Soon, the Blockpass solution will be integrated into Saakuru’s self-service portal, ensuring that each company and developer is thoroughly reviewed before they are allowed to launch products on our platform.” said Jack Vinijtrongjit, CEO of Saakuru Labs.

“Saakuru are tackling some of the key issues with the world’s transition to Web3 and we’re delighted to be able to provide our regulatory services to ensure both Saakuru and its users are protected by comprehensive, seamless and fast verification.” said Adam Vaziri, Blockpass CEO. “Saakuru understands the importance of compliance and the central truth that verifiable identities are the core to enabling a future where everyone can interact and exchange in a trusted environment.”

Through this integration, people looking to engage with the economic opportunities that crypto, blockchain and Web3 bring can do so in a manner that is not only safe from malicious actors, but faster, simpler and more user-friendly than other solutions may provide, ensuring that the widest audience can benefit from the potential it brings.

About Blockpass

Ditch tedious onboarding and say hello to seamless compliance with Blockpass, the ultimate turnkey solution for KYC, KYB, and AML. Experience the market’s most efficient and cost-effective compliance suite, built by seasoned compliance veterans and crypto-natives. Automate compliance processes, eradicate fraud, and onboard globally with confidence. Verify businesses worldwide, launch bank-grade verification for your organization, and instantly activate compliant KYC/AML for DeFi, exchanges, token launchpads, NFT mintings and beyond. Through Blockpass’ decentralized network of a million pre-verified crypto-enthusiasts and a thousand pre-verified businesses, you can expand your reach effortlessly. Leverage Advanced KYC BotTM for intelligent remediation, On-Chain KYC® for data-free anonymity, and Unhosted Wallet KYCTM to meet Crypto Travel Rule regulations. Join Animoca Brands, Cardano, Polygon, Chainlink, Delta Exchange, National Geographic, TinyTap, Seedify, ChainGPT, Iskra and many more in partnering with Blockpass for compliance you can trust, growth you can accelerate and an experience you can enjoy. Join the cutting edge of secure, streamlined onboardings.

Learn more and engage the Blockpass team:
Website: http://www.blockpass.org
Email: sales@blockpass.org

About Saakuru

Saakuru is a consumer-centric L2 Protocol with Zero Transaction Fees enhanced with Saakuru Developer Suite that enables embedding complex digital products to Web3 in 1 day. The powerful and developer-friendly product suite centered around the Saakuru blockchain allows cost-efficient and seamless connectivity from Web2 to Web3.

Saakuru’s ultra-fast block time allows developers to seamlessly run on-chain applications, like MMORPG games, delivering an authentic multiplayer experience. Furthermore, it enhances the user experience by entirely removing gas fees, making it especially user-friendly for those new to Web3.

Learn more about Saakuru Protocol & Token here:
Website: https://saakuru.com
Litepaper: https://source.saakuru.com
Twitter: https://twitter.com/saakuru_labs
Explorer: https://explorer.saakuru.network
Telegram: https://t.me/aagventures

SMC Announces LOI to Acquire Chaintrade LTD.

Boca Raton, FL, May 9, 2024 – (ACN Newswire) – SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC: SMCE), an incubator company focused on acquisition and support of commercialized financial services and technology (Fintech) companies, is excited to announce they have signed an LOI to acquire Chaintrade LTD, an AI Fintech company. Chaintrade has developed an AI Powered Asset Trading Platform that allows users to trade any Equity, ETF, Commodity, and Index with the support of a personalized AI Powered trading assistant SMC has agreed to acquire the platform and looks forward to completing the necessary due diligence to close this acquisition quickly as the platform is ready for commercial launch.

Chaintrade is a joint Venture between Plato Data Intelligence and Redmatter.Capital. and was built to revolutionize trading and investing by leveraging AI’s predictive capabilities while improving risk management and asset allocation, ensuring more personalized investment strategies. Chaintrade’s portfolio management utilizes AI to evaluate assets within a portfolio.

“We look forward to closing the acquisition of Chaintrade, once completed we will have a fully functioning model to deploy.” quoted Erik Blum, Chairman & CEO of SMC “This acquisition will advance our infrastructure and technology tremendously. SMC can now shift from conception to application and full implementation of our SaaS vision. After closing we plan on re-branding our AI component, as FYNN AI. We look forward to introducing FYNN as a new, next generation learning and research AI designed to help you trade smarter. We will continue to update shareholders as things develop.”

Prem Couture / Founder of Redmatter Capital: “Our AI analyzes performance, investor sentiment, fair value, and risk factors to provide personal insights enabling informed decisions and optimized portfolio performance. We have spent the last 3 years building our infrastructure around faciliting both OnChain and Offchain transactions in a highly secured environment.”

Bryan Feinberg, Founder of Plato Data Intelligence: “As the underlying technologies we are developing continue to evolve, we can play in making AI more accessible to everyone, especially across emerging markets.”

About SMC

SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC’s multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. https://smceinc.com

About Chaintrade

Chaintrade LTD is a UK Registered Entity and is affiliated with Red Matter Capital LTD a registered financial service company, with its subsidiary licensed under a securities trading license granted by the Montenegro Capital Market Authority (CMA) Authorized by the law on capital markets by the government of Montenegro. https://chaintrade.ai

Press Release Contact:
Erik Blum
CEO
SMC Entertainment, Inc.
360-820-5973

Safe Harbor Statement
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.

Capital.com’s Client Trading Volumes Surpass USD1 trillion in 2023

LIMASSOL, CYPRUS, May 8, 2024 – (ACN Newswire) – Capital.com, the high-growth global trading platform and fintech group, has today announced that total client trading volumes reached more than $1.2 trillion in 2023. This is a rise of 53% from a year earlier and marks the first time client trading volumes have breached the $1trn mark since the company’s inception in 2016. This achievement speaks to Capital.com’s ability to remain resilient and entrepreneurial even amid uncertainties across the wider market.

Affirming this strong and sustained growth trajectory, Capital.com has earned itself the much coveted top spot on the 2023 Deloitte Tech Fast 50 rankings for the 3rd consecutive year. The Deloitte Technology Fast 50 programme celebrates and recognises the fastest-growing technology companies that have their headquarters either in the Middle East or Cyprus. Capital.com, was ranked the #1 fastest growing technology company among 50 nominees with an unprecedented revenue growth rate of 4011% over the last four years.

Commenting on the award win, Ariel Segev, Group Chief Financial Officer, Capital.com, said:

“It is a great honour to be recognised as the fastest growing tech company at the DME Fast 50 for the 3rd year in a row. This win demonstrates our tenacity and resilience as a high-growth fintech company and we are extremely lucky to have our headquarters in a dynamic and thriving tech hub such as Cyprus. With its conducive, business-friendly ecosystem, deep talent pool and facilitative legislation, Cyprus is the ideal jurisdiction for tech scale-ups such as ours to supercharge their growth strategies.”

This industry win coincides with more recent growth reported across the Capital.com platform. In Q1 2024, total global trading volumes on the platform reached $337bn. Over the same period, the number of active traders on the platform was up 17% from the previous quarter. The vast majority of trading volumes came from clients in the Middle East, followed by Germany, Italy and the Netherlands.

The top two most traded markets by volume on the platform in Q1 2024 were indices and commodities. More than 79% of total volumes traded across the platform in Q1 found its way into index-related markets, specifically the US Tech 100 (Nasdaq-100), US30, DE40 and the US500.

Daniela Hathorn, Senior Market Analyst, Capital.com, said:

“The hype around semi-conductors was carried into Q1 2024 which helped boost tech stocks and the US Tech companies listed on the Nasdaq Stock Exchange. Traders also shifted their mentality in Q1 and started to welcome the resilience in the US economic data, moving away from the ‘good-data-is-bad’ rhetoric that dominated most of 2023. This allowed stocks to move to new highs even if it meant the Federal Reserve was less likely to start cutting rates.”

Over the same period, trading volumes in commodity markets accounted for 58% of total volumes traded, making it the second most heavily traded market by volume on the Capital.com platform. Trading volumes were largely concentrated in gold and crude oil.

“Risk appetite was strong throughout most of the quarter, a key driver of the rally in equities. That said, escalations in geopolitical tensions led investors to diversify their portfolios, causing gold to appreciate over 10% in the first three months of the year as safe-haven demand increased. Meanwhile, continued attacks on Russian refineries and fears about tight supply stemming from the conflict in the Middle East has pushed oil prices higher,” added Hathorn.

Click here to find out more about Capital.com’s ranking at the 3rd Edition of the Deloitte Technology Fast 50 Programme.

Media Contact
PR for Capital.com
Shamillia.sivathambu@capital.com
+44 7900 016 469

About Capital.com

Capital.com is a high-growth fintech company empowering people to participate in financial markets through simple and innovative online trading platforms. Launched in 2016, its intuitive award-winning platform -available on web and app -enables investors to trade thousands of world-renowned markets. To help investors trade with confidence, the platform is fitted with robust risk management controls, transparent pricing and extensive educational content to support clients in their investment journeys.

Capital.com has a global network with offices located in leading business and financial centres including London, Dubai, Warsaw, Vilnius, Sofia, Limassol, and Melbourne. Capital Com (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 793714. Capital Com SV Investments Limited is Authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised to carry out Securities Business by the Securities Commission of The Bahamas with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under license number 20200000176.

To find out more, please visit: www.capital.com

This press release is for media use only. It’s not intended for individual investors, and doesn’t include personal advice or recommendations.

DISCLAIMER

Spread bets and/or CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider. You should consider whether you understand how spread bets and/or CFDs work and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd. Spread bets are available only to UK clients.

The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

Capital Com (UK) Limited (“CCUK”) is registered in England and Wales with company registration number 10506220. CCUK is authorised and regulated by the Financial Conduct Authority (“FCA”), under registration number 793714. Capital Com SV Investments Limited (“CCSV”) is registered in Cyprus with company registration number 354252. CCSV is regulated by Cyprus Securities and Exchange Commission (CySEC) under licence number 319/17. Capital Com Australia Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital Com Online Investments Ltd is a limited liability company (company number 209236B) registered in the Commonwealth of The Bahamas and authorised to carry on Securities Business by the Securities by the Securities Commission of The Bahamas (“SCB”) with licence number SIA-F245. Capital Com Mena Securities Trading LLC is authorised and regulated by the Securities and Commodities Authority (SCA), under license number 20200000176.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.

SOURCE: Capital.com

Ordify Employs Blockpass to Open Investment to Everyone

HONG KONG, May 2, 2024 – (ACN Newswire) – Blockpass and Ordify are pleased to highlight their partnership, with the first launchpad in the Bitcoin space utilizing the identity verifier to onboard customers to any and all of their projects. As new users join the Ordify ecosystem they are able to refer friends and earn referral benefits alongside other rewards, as well as engaging with fundraising in the form of IDOs.

As a launchpad with a focus on interoperability, Ordify provides its users with a suite of products and tools crafted to enhance their investment experience across various blockchain ecosystems, aiming to redefine how those in the crypto space invest. Ordify allows users to stake ORFY tokens to gain rewards, but also to gain access to various tiers of IDO fundraisers, providing they have completed KYC and the tier access depending on the amount of tokens stakes. Users are able to link BRC-20 and Stacks Wallet addresses to their account and wallet support includes Metamask, walletconnect, unisat, xverse, orange wallet and ordinals wallet.

“At Ordify, our mission is to create an ecosystem that is not only accessible but also secured by trust and transparency. The partnership with Blockpass enhances our platform’s integrity, making sure that each user’s entry into the world of IDOs is backed by reliable verification” said Atila, Ordify’s CEO.

“With such an expansive ecosystem and a multitude of opportunities, cross-chain solutions are an essential component of blockchain technology’s future and we’re delighted to be working with Ordiify to enable such possibilities.” said Adam Vaziri, Blockpass CEO. “With a visionary team that understands the power of compliance in expanding the crypto and blockchain ecosystem, we look forward to seeing all manner of innovative projects launch through Ordify.”

With this partnership, Blockpass and Ordify aim to bridge the gaps between disparate blockchains in a simple but safe and compliant manner, providing opportunities to savvy investors looking to engage with promising projects across the crypto ecosystem.

About Blockpass

Learn more and engage the Blockpass team:
Website: http://www.blockpass.org
Email: sales@blockpass.org

About Ordify

Ordify offers a platform that simplifies the launch and growth of blockchain projects. Through our services, investors gain straightforward access to Initial DEX Offerings and the chance to support the development of new blockchain technologies. Our users appreciate the clear, easy-to-navigate pathways to becoming stakeholders in various blockchain endeavors.

We prioritize transparency and inclusivity in every project we support. With Blockpass’s reliable identity verification technology, we streamline the onboarding process for our users, providing a quick and secure start to their investment journey.

By staking our ORFY tokens, community members unlock different levels of participation, directly linking them with the projects they support. This approach underlines our dedication to creating a strong and engaged community, united by a shared interest in the potential of blockchain technology.

Website: https://ordify.world
X: https://x.com/ordifyworld
Medium: https://ordify.medium.com/

Vietnam to Rethink Financial Services After a Cutting-edge Show at WFIS

HANOI, Vietnam, May 1, 2024 – (ACN Newswire) – In an exclusive setup that convened over 500 financial sector professionals, the second annual edition of World Financial Innovation Series (WFIS) in Vietnam gave an industrywide push to accommodate the latest tech advancements in FSI.

Held at one of the poshest 5-star venue, Melia Hanoi, the event took place on 15 – 16 April 2024 and got inaugurated by the Vice Chairman & Secretary General of Vietnam Banks Association (VNBA), Dr Nguyen Quoc Hung and the event organizer, Sudhir Ranjan Jena (Co-founder & CEO, Tradepass).

Unveiling a whole spectrum of discussion around areas like Cloud Technologies, Generative AI, Fintech Leaps and Digital Banking, the platform very precisely depicted the pulse of the industry and got numerous verticals together to engage in meaningful dialogues.

While Generative AI has taken the whole world by storm, it found a significant spot in the conference’s agenda as well. A strong testament to its widespread popularity is the fact that it got highlighted during two distinct keynote sessions titled “Generative AI for Financial Services” by AWS Vietnam & Indochina and “Revolutionizing Banking: The power of Generative AI” by VinBigdata.

During a face-to-face interview, the Chief Digital Officer from Techcombank, Pranav Seth who was also a key speaker at the event, gave an impressive reply explaining how the bank’s recent 22 percent year-on-year Profit Before Tax (PBT) can be attributed to the its digital side.

He expressed, “As a universal bank I think there’s a lot in terms of transformation that needs to come together, so I think digital is a large part of it. On the digital side what we have been able to do is massively scale up our acquisition efforts. So, last year we were able to acquire about 2.3 million high quality customers and create one of the highest engagements with them digitally. Our customers interact with us around 50 times a month and for each of those opportunity we use all the data that we have.”

Furthermore, he went on to talk about what he liked the most about the platform WFIS, “I am really surprised and impressed by the turnout and professionalism of the whole setup and excited to see so many people from the industry in Vietnam. It seems like a very high-quality international event and I am thankful to Tradepass for hosting this in Hanoi.”

The event witnessed a magnificent lineup of thought leaders from Vietnam’s top-notch banks, financial institutions, and technology companies. Even Southeast Asia’s very first fintech to win a digital banking license, UNObank was seen participating in a very insightful fireside chat on MSME Banking.

Its Chairman, Kalidas Ghose even elucidated on the bank’s remarkable journey, he expressed, “So, the journey has obviously been very encouraging and motivating to look at. First of all, we found that with modern technology you can establish a fully compliant bank in a relatively short span of time. But what is more interesting is that the UNObanking model is purely digital so we do not have any physical presence like branches or ATMs. While on one hand that can act as a constraint on the other it can really open up a huge world of opportunities for reaching out to a larger audience of customers”.

Talking in numbers, he further stated, “We have been able to acquire close to 1.5 million customers in less than 15 months’ time and this has been possible because of the strong partnerships but also very efficient organic channels through which we acquire customers.”

The attendees were spoilt for choice as they got a splendid opportunity to explore a wide array of fintech solutions from top technology giants like AWS, VinBigdata, Oracle, Coreium, iProov and many others.

All in all, the two-days at WFIS 2024 – Vietnam gave a glimpse of the country’s progressive future and its vibrant financial sector that’s poised to undertake the latest tech advancements. The participating financial institutions received some eye-opening intel and evaluated cutting-edge products and strategies for enhanced delivery of their services.

For more information about the event, log on to: https://vietnam.worldfis.com/

About Tradepass

As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.

Media contact:
Shrinkhal Sharad
PR & Communication Lead
shrinkhals@tradepassglobal.com
+ (91) 80 6166 4401
Tradepass

FinTech Funding Continues to Surge as Second Edition of Dubai FinTech Summit Commences

DUBAI, Apr 25, 2024 – (ACN Newswire) – For the second consecutive year, Dubai will remain in the spotlight as it hosts the second edition of Dubai FinTech Summit, under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE and President of DIFC, which is set to take place on 6-7 May at Madinat Jumeirah.

Organised by Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, the Summit will bring together 8,000 decision-makers, over 300 thought leaders and more than 200 exhibitors to discuss the latest innovations and challenges and showcase cutting-edge technologies.

The global FinTech sector is rapidly growing and is predicted to be valued at USD 608bn globally by 2029, according to Mordor Intelligence, a market intelligence and advisory firm. Bucking the downward global market trend, the MENA FinTech market is expected to register a CAGR of over eight per cent during the period 2024 to 2029.

Dubai FinTech Summit will offer a platform for start-ups, investors and industry leaders to connect and capitalise on the growing FinTech market in the region and beyond. The MENA region’s FinTech start-up and venture capital landscape is booming, with over 800 FinTech start-ups worth USD15.5 bn, according to data by dealroom.co. Reflecting the ongoing transformation in the financial sector driven by Innovation, Inclusion, and Impact, the key themes this year will be Finance Renaissance, Ecofinance and Impact, Investment Vanguard, Regulatory Frameworks, Global Financial Dynamics and FinTech 2.0.

Mohammad Alblooshi, CEO at DIFC Innovation Hub, said: “Nearly 60 per cent of all FinTech companies in the GCC are currently based in Dubai. With the industry growing at an unprecedented rate, it is crucial for stakeholders to gather and discuss the challenges and opportunities that lie ahead. The Dubai FinTech Summit will bring together the most prominent figures in the industry, with an agenda that is aimed at driving innovation, inclusivity, and growth for all.”

With an impressive line-up of distinguished local and international speakers, the Dubai FinTech Summit will host a series of panel discussions and fireside chats. More than 20 governors of financial institutions will attend the summit this year, amongst them, H.E. Essa Kazim, Governor, DIFC, UAE; H.E. Dr. Philmnisi, Governor, Central Bank of Eswatini; H.E. Cheaserey, Governor National Bank of Cambodia; H.E. Martin Galstyan, Governor, Central Bank of Armenia; H.E. John Rwangombwa, Governor, National Bank of Rwanda; H.E. Prof. Edward Scicluna, Governor, Central Bank of Malta will participate in discussions during the two-day event. Adena T. Friedman, Chair & CEO of Nasdaq Inc; Nic Dreckman, CEO of Bank Julius Baer & Co.; Yie-Hsin Hung, President & CEO of State Street global advisors and Jim Demare, President global markets at Bank of America, along with many other global industry leaders will also be participating in the various sessions planned for the Summit. Notable local speakers include H.E. Abdullah bin Touq Al Marri, Cabinet Member & UAE Minister of Economy; H.E. Helal Saeed Al Marri, Director General, Department of Economy and Tourism, Dubai; H.E. Salem Humaid Al Marri, Director General, Mohammed Bin Rashid Space Centre, UAE; and H.E. Faisal Belhoul, Vice Chairman of the Dubai Chamber, Chairman of J&F Holding.

A key highlight of the Dubai FinTech Summit will be the Grand Finale of the FinTech World Cup (FWC). The champions of the FinTech World Cup will be announced on Day 2 of the summit with the winners securing an investment of up to USD 1 million. The competition is a growth-enabling initiative by DFS designed to encourage cross-border collaboration and stellar innovation, pivotal to transforming the global FinTech sector.

In line with the D33 Agenda to position Dubai as the top four global financial hub by 2033, the 2nd edition of the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, pivotal to transforming the global FinTech sector. It presents a unique opportunity to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.

The inaugural Dubai FinTech Summit attracted over 5,000 C-suite leaders from over 90 countries including north of 1,000 investors and more than 150 speakers. Over 20 Memorandum of Understandings were signed with global financial leaders during the Summit.

About Dubai FinTech Summit

Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector. As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2 per cent CAGR to USD949 bn from 2022 to 2030. The summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033.

To register for the event, visit www.dubaifintechsummit.com.

Visitors can purchase tickets for the Dubai FinTech Summit 2024, with early bird prices ending soon.

For further enquiries, please contact:
Samia Ahmad Assistant Manager, Marketing
DIFC Innovation Hubsamia.ahmad@difc.com
Tel:: +9714 362 2657

Shadi Dawi
Director of PR & Strategic Partnerships
Trescon Global
Mobile: +971 55 498 4989
shadi@tresconglobal.com