AYA and Blockpass Collaborate to Ensure Compliance and Security in a Green Tech Future

HONG KONG, Mar 6, 2024 – (ACN Newswire) – Blockpass is excited to announce a partnership with AYA, a regulated UAE-based fundraising platform focused on the intersection of blockchain and sustainability. Concerned with facilitating innovative solutions which encourage a greener future, AYA mentors and cultivates projects which combine the borderless, transparent nature of blockchain to further the goal of sustainablility and achieving the SDGs.

This partnership will see Blockpass strengthening AYA’s compliance procedures and providing: risk assessment and risk classification of onboarding customers, customized forms based on the customer’s and regulator’s requirements, regular rigorous wallet compliance checks to protect user transactions, and evaluation of risks associated with wallets to ensure the absence of fraudulent and suspicious transactions. This will involve the gamut of Blockpass’ products, including KYC, KYB and AML solutions, the new Advanced KYC Bot™, ongoing monitoring, and Blockpass’ Unhosted Wallet KYC™.

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.

AYA is the Middle East and North Africa region’s first fully regulated Climate Finance Platform, regulated by Dubai’s Virtual Assets Regulatory Authority (VARA) in 2023. Built on blockchain technology, AYA focuses on helping climate tech projects raise capital from its community of investors, utilizing carbon and nature-based credits as assets. AYA will leverage its team’s experience from building and running Enjinstarter – an extensive crowdfunding platform focused on gaming, entertainment, and the metaverse – to curate a nurturing ecosystem of mentorship, funding and collaboration where trailblazers can leave a lasting legacy of sustainability for future generations.

“Through our strategic partnership with Blockpass, we at AYA reaffirm our commitment to upholding the highest standards of AML and KYC practices in the industry. This collaboration underscores our dedication to fostering a secure, compliant, and trustworthy environment for our users, laying the foundation for a more responsible and sustainable future in the virtual asset space.” said Vasseh Ahmed, Managing Director of AYA.

“We’re delighted to be working with a company that is so focused on the future of both blockchain technology and the planet.” said Blockpass CEO Adam Vaziri. “We have previously worked with Enjinstarter and it’s an honor to be chosen once again to work with such a visionary team on such an important project.”

By working together, Blockpass and AYA will ensure that the sustainable futures of blockchain technology and the world are secured against identity fraud and money laundering. In ensuring regulatory compliance, Blockpass will help AYA grow and flourish as it seeks to nourish suitable projects and innovate in a responsible manner.

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 Bot™ for intelligent remediation, On-Chain KYC® for data-free anonymity, and Unhosted Wallet KYC™ 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 AYA

Born from a vision to bridge the gap in climate finance, AYA leverages blockchain to democratise fundraising for projects that aim for a greener Earth. From supporting startups aligned with the UN Sustainable Development Goals to ensuring each project meets rigorous regulatory and environmental standards.

Our mission is to empower everyone to contribute to a sustainable future. We’re making it possible for community members to not just witness change but be a part of it.

Learn more and engage with AYA’s team:
Website: https://www.aya.foundation/
Email: support@aya.foundation

BW Digital and Citramas Group forge strategic partnership to build end-to-end digital ecosystem in Batam

SINGAPORE/ INDONESIA, Mar 4, 2024 – (ACN Newswire) – BW Digital and Citramas Group today announced the signing of a memorandum of understanding (MoU) for the joint development of a carrier-neutral digital ecosystem in Batam’s Nongsa Digital Park (NDP), Indonesia.

This strategic partnership follows BW Digital’s acquisition of more than 55,000 square meters of land at the Citramas-owned Nongsa Digital Park in Batam, to build its inaugural data centre in South-East Asia and strengthen its Asia-Pacific digital infrastructure portfolio.

BW Digital is a subsidiary of BW Group, a global energy and maritime group headquartered in Singapore and which includes seven listed companies with a combined market capitalisation of around US$11 billion. Indonesian-based Citramas Group operates multiple businesses spanning shipping and logistics, drilling services, port and ferry terminal infrastructure development, oilfield equipment manufacturing, hotels, animation and film as well as hospitality and leisure.

With a capacity of up to 80MW, the next-generation data centre will be designed to meet high density requirements. It will provide scalable solutions for enterprise, cloud and AI workloads, while helping customers to achieve their goals for carbon neutrality and general sustainability.

As joint partners, BW Digital and Citramas Group will work together to deliver a comprehensive suite of Infrastructure-as-a-Service (IaaS) solutions co-located within BW Digital’s data centre. Customers will have access to a unique portfolio of technology assets and services, including landing infrastructure for new submarine cables, international and domestic connectivity, data storage facilities, and computing power for the development of artificial intelligence and machine learning applications.

Commenting on today’s announcement, Ludovic Hutier, Chief Executive Officer of BW Digital said: “BW Digital is pleased to forge a strategic alliance with Citramas Group, underpinned by our shared vision to drive business success with best-in-class digital solutions for the fast-growing South East Asian economy. We hope to accelerate the growth of Nongsa Digital Park as an emerging hub for innovation and technology. This new step anchors BW Digital’s long-term vision to create a neutral and trusted digital ecosystem in the Asia-Pacific region, in tandem with the development of Hawaiki Nui, our new subsea cable, which will first connect South East Asia and Australasia”.

Mike Wiluan, Chief Executive Officer of Citramas Group said: “Citramas is honoured to have BW Digital join the Nongsa Digital Park Ecosystem to further develop its data centre and connectivity infrastructure. BW Digital’s expertise and experience in this area adds immense value in furthering NDP as a strategic data centre hub in the region, connecting Indonesia to key global markets. This partnership will enhance NDP’s status as a centre of excellence in the digital arena, providing more opportunities to our multinational tenants and partners to evolve their digital ambitions in Indonesia and beyond.”

Herman Loh, Senior Vice President and Head, Southeast Asia and Oceania region, Singapore Economic Development Board, said: “We welcome BW Digital and Citramas Group’s collaboration in Nongsa which highlights the strong growth and partnership opportunities available in Southeast Asia. BW Digital’s investment in Nongsa will support the increased demand for digital infrastructure and services in the region.”

About BW Digital

BW Digital, a member of BW Group and headquartered in Singapore, develops, funds and operates digital infrastructures in the Asia-Pacific region. Privately-owned and carrier-neutral, BW Digital is the owner and developer of the Hawaiki and Hawaiki Nui submarine cables. For more information, please visit www.bw-digital.com

About Citramas Group

The Citramas Group was founded in 1980 and is predominantly based in Indonesia with a diversified range of businesses ranging from Infrastructure, Energy, Oil and Gas offshore services, Industrial and digital parks, Resort and residential developments, Media entertainment, Education, Food and Chemicals. The group has extensive strategic investments in Batam with operations across Indonesia. For more information, please visit www.citramas.com

Media contact:
David Binning – Brand Comms Bureau
+61.406.397.033
David.binning@bcbureau.com.au

Emirates NBD joins Dubai FinTech Summit as the Premium Banking Partner

DUBAI, Feb 22, 2024 – (ACN Newswire) – Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, joins the Dubai FinTech Summit, organised by Dubai International Financial Centre (DIFC), as a Premium Banking Partner, underscoring its dedication to drive innovation and excellence in the financial sector. The official partnership agreement was signed in the presence of Arif Amiri, Chief Executive Officer at DIFC Authority and Abdulla Qassem, Group Chief Operating Officer at Emirates NBD during the DFS dialogues that took place on 23 January 2024, where industry leaders came together to drive discussions and set the agenda for the upcoming second edition of Dubai FinTech Summit, to be held on 6 and 7 May 2024 at Madinat Jumeirah, Dubai.

Emirates NBD’s commitment to fostering innovation is far reaching and includes industry partnerships with start-ups and accelerators. As well as this, the bank takes the next step to actively invite global fintech players to join forces in the collaborative development of cutting-edge products and services for its diverse customer base.

The bank’s enduring collaboration with DIFC Innovation Hub since 2017 exemplifies its dedication to nurturing the growth of promising FinTech start-ups, particularly those navigating the dynamic landscape of the metaverse. This partnership has played a pivotal role in translating innovative concepts into tangible prototypes, leading to the successful integration of numerous solutions that enhance customer experiences in the evolving digital era.

Mohammad Alblooshi, Chief Executive Officer at DIFC innovation Hub, said: “We are delighted to welcome Emirates NBD as a Premium Banking Partner for Dubai FinTech Summit 2024. Emirates NBD’s unwavering commitment to FinTech innovation aligns perfectly with the summit’s goal to bring together leading innovators shaping the future of financial technology. Our collaboration is pivotal in nurturing a thriving FinTech ecosystem that attracts and supports the growth of innovative companies. We look forward to delivering an exceptional event that will inspire and empower the FinTech community.”

Marwan Hadi, Group Head of Retail Banking & Wealth Management at Emirates NBD, said: “We are pleased to announce Emirates NBD as the Premium Banking Partner for the Dubai FinTech Summit. This collaboration signifies our commitment to fostering innovation and excellence in the financial sector, together with our long-time strategic partner, DIFC. We look forward to contributing to an event that not only showcases the latest innovations in FinTech, but also paves the way for future advancements, instrumental in driving forward the financial technology landscape, both regionally and globally.”

In line with the D33 Agenda to position Dubai as the top four global financial hub by 2033, the second 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.

Dubai Fintech Summit 2024 will see an unprecedented gathering of more than 8,000 decision-makers, more than 300 thought leaders and more than 200 exhibitors showcasing cutting-edge technologies.

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% 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.

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

doola Launches doola Money Allowing Founders Worldwide to Start a US Business, Deposit $USD and Move Money Internationally in Minutes, All in One Go

NEW YORK, Feb 13, 2024 – (ACN Newswire) – doola launches fintech product for global entrepreneurs:

doola Money

doola helps global entrepreneurs in 175+ countries start a US business with support including EIN, US address, bank account, and IRS tax filings.
doola Money supports founders on every continent, with no US SSN required, and no visit to the US required.
Business growth is at all-time highs: US monthly business applications are over 400,000 per month (on track for 5M+ in 2023) and there are 50M+ independent creators globally.

doola announced today that they have launched a fintech product for global businesses that will allow founders to deposit $USD and move money internationally, remotely, from any continent, with no US Social Security Number required. Founders globally can now register an LLC or C Corp through doola, get an EIN (employer identification number) from the IRS with doola, and set up their initial payment stack all in one go. It doesn’t stop there: doola also provides ongoing compliance with the state and IRS to keep companies compliant, making doola an all-in-one platform for founders to launch, maintain, and grow their US businesses.

doola’s fintech product, doola Money will include an ACH account to deposit and store funds in $USD or deposit $USD payouts from a payment processor, like Stripe or Paypal. Businesses will also be able to safely move money using international wires anywhere in the world via USD, EUR, GBP, SGD and AUD. Utilizing local payment rails globally, doola Money provides speed, savings, and simplicity; take India as an example, which has traditionally been a difficult country to send funds to from the US. doola Money plugs into a UPI in India, so when customers trigger a payout to their local INR account, it shows up in full value in a matter of minutes (vs. days) in INR for a small fee.

“For any business, whether it’s a venture-backed SaaS startup with a Delaware C Corp or a solopreneur bootstrapping an e-commerce business, having a trustworthy, stable, and scalable banking + payments stack is critical. Through doola, international founders can seamlessly access the US financial ecosystem, including US banking, US payment solutions, US venture capital, and more,” said Jacqueline Reses, an investor in doola, Co-founder and CEO of Lead Bank.

Arjun Mahadevan, CEO, doola, said, “From day one, we’ve known that doola is not a formation service. We’re a fintech company. Founders and creators worldwide don’t actually want a company; they want a way to accept payments globally in the US dollar, safely store those deposits and have the ability to seamlessly move that money globally. doola Money provides the best of business banking with everything you need to move money from anywhere in the world. And it makes our platform the fastest way to go from formation to accepting your first payment/deposit globally. Why? Because we do it all in-house. With the click of a button, you get a company + EIN + ACH deposit account and ongoing compliance, including state and IRS filings, taken care of. As our customers like to say, we’re a Business-in-a-Box™, and the launch of doola Money brings our day-one vision to reality.”

About doola

doola (YCombinator S20) helps entrepreneurs form U.S. LLCs, C Corps, and DAO LLCs by supporting customers through the incorporation process so they can confidently collect payments, build credibility, stay legal, and make more money. doola provides company formation, an EIN, a U.S. address and bank account, access to U.S. payments, a free tax consultation, U.S. tax support, a phone number, $1,000,000 in startup perks, and more. Today, thousands of companies have launched with doola, and these founders didn’t need a U.S. social security number to benefit from doola’s products and services. To date, doola has raised over $12M in venture capital from YCombinator, Nexus Venture Partners, the YC Continuity Fund and more (HQ: New York City).

Contact Information:
Arjun Mahadevan
Founder & CEO
arjun@doola.com

SOURCE: doola

View the original press release on newswire.com.

Fideum: Bridging Traditional Finance and Web3; Partnership with Mastercard Announced

VILNIUS, Lithuania, Feb 5, 2024 – (ACN Newswire) – In the rapidly evolving landscape of financial technology, Fideum emerges as a pioneering force, dedicated to bridging the gap between traditional finance and blockchain technology. Through its strategic partnership with Mastercard, Fideum underscores its mission to revolutionize digital finance, making it more accessible, secure, and efficient for users worldwide. The introduction of the Fideum token stands at the forefront of this transformation, embodying the essence of digital finance innovation.

Strategic Partnership with Mastercard

The collaboration between Fideum and Mastercard marks a significant milestone in the financial industry, setting a new standard for the integration of traditional and digital finance. This partnership leverages Mastercard’s global reach and Fideum’s blockchain expertise to enhance the financial infrastructure, offering unparalleled services to both retail and institutional clients. The alliance not only amplifies Fideum’s offerings but also reinforces its position as a leader in the digital finance space, promising a future where financial transactions are more inclusive, efficient, and secure. As the overall winner of the Mastercard Lighthouse Finitiv, the company is set to expand its presence across the Mastercard Ecosystem.

Fideum Token: Powering the Platform

At the heart of Fideum’s ecosystem lies the Fideum token, a digital asset designed to power and facilitate the platform’s diverse services. The token’s integration into Fideum’s infrastructure enables users to engage in a variety of transactions and services seamlessly, from payments to investments. It not only serves as a utility token but also plays a critical role in ensuring the liquidity and stability of digital asset exchanges within the platform. The Fideum token is a testament to the company’s commitment to providing a comprehensive and user-friendly digital asset experience.

Fideum Available for Download
App Store: https://apps.apple.com/us/app/blockbank-v2/id1592298073
Google Play: https://play.google.com/store/apps/details?id=ai.blockbank.bbexpoapp&hl=en_AU&gl=US

Comprehensive Digital Finance Solutions

Fideum’s suite of digital finance solutions encompasses B2C, B2B, and B2B2C offerings, tailored to meet the complex needs of today’s financial ecosystem. From microservice architecture that enhances operational efficiency to customized institutional solutions and innovative user engagement tools, Fideum is equipped to cater to a wide array of financial requirements. These solutions underscore Fideum’s versatility and its ability to adapt to the diverse needs of its clientele, setting a new benchmark for excellence in digital finance services.

Decentralized Finance (DeFi) Realized

Experience financial freedom with our revolutionary decentralized, anonymous, and non-custodial multi-currency wallet. Securely store and manage your digital assets across various chains such as ETH, BSC, Avalanche, and Polygon. Take control of your financial future with the cutting-edge technology of our wallet.

Achievements and Market Impact

Fideum’s journey is marked by significant achievements, including acquiring global licenses, forging strategic partnerships, and witnessing exponential user base growth. The company’s success in the Mastercard Lighthouse program underscores its influential position in the market and its potential to shape the future of finance. These accomplishments are a testament to Fideum’s excellence, resilience, and impact on the digital finance arena that covers a full range of compliance features built into the application.

Looking ahead

Fideum is committed to transforming the global financial landscape through the continued integration of blockchain and digital assets. Plans to enhance the app experience, launch Fideum.com for institutional services, and expand the token ecosystem highlight Fideum’s forward-thinking approach and dedication to innovation. The vision is clear: to establish a financial environment where digital assets are as ubiquitous and easy to use as traditional currencies.

Fideum stands at the vanguard of fintech innovation, driven by a dedication to security, compliance, and user empowerment. As the company continues to lead the charge in redefining financial services for the digital age, it invites stakeholders to join in its journey toward creating a more inclusive and efficient financial ecosystem.

About Fideum

Since its inception in 2018, Fideum has consistently spearheaded innovative financial management strategies, continually refining and enhancing its platform to meet the ever-evolving needs of its dynamic user base. The most recent iteration of the platform is a testament to this commitment, presenting new security protocols via our partnership with Fireblocks while expanding trading functionalities across an array of networks such as Ethereum, Binance, Tron, Cardano, and Avalanche.

Fideum’s user-centric design facilitates effortless access and administration of diverse asset types, establishing it as the preferred choice for progressive investors. Fideum’s mission is to equip its users with the most current and revolutionary financial utilities and services. This is realized by intentional cultivation of collaborations with pioneering crypto projects. Through these strategic alliances, Fideum remains a step ahead in the burgeoning digital currency landscape, thereby offering its users access to leading-edge financial solutions. Alongside a user-friendly interface and a secure asset management platform, Fideum’s emphasis on fostering robust partnerships is a fundamental aspect of our pledge to provide an unrivaled user experience.

Fideum represents sophistication in simplicity. Its robust ecosystem, perfectly complemented by an intuitive interface, accommodates both seasoned and novice investors seeking to develop and control their financial assets. Fideum serves as the essential instrument for modern investors aiming to steer their financial assets effectively.

Web: https://blockbank.ai/
Coinmarketcap: https://coinmarketcap.com/currencies/fideum/
Contract Address: 0x1294f4183763743c7c9519Bec51773fb3aCD78FD
Discord: https://discord.gg/KHrtbaqxQv
Telegram: https://t.me/BlockBankApp
X: https://twitter.com/BlockBankApp
Facebook: https://www.facebook.com/blockbank
Linkedin: https://www.linkedin.com/company/blockbankapp/
YouTube: https://www.youtube.com/channel/UC9OwNLa0vkHIRO77fPqAAJg

For more information, contact Zephyr@platodata.io.

Dubai FinTech Summit gathers industry leaders to drive the agenda for the future of FinTech

DUBAI, Jan 31, 2024 – (ACN Newswire) – Dubai FinTech Summit, organised by Dubai International Financial Centre (DIFC) – held 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 – hosted on Tuesday the DFS Dialogues roundtable bringing together key stakeholders from both the public and private sectors to collaboratively shape the agenda for the 2nd edition of Dubai FinTech Summit at the Madinat Jumeirah, Dubai, on 6-7 May 2024.

During the invitation only DFS Dialogues session, 30+ industry leaders participated in in-depth discussions to chalk out key themes for the upcoming summit. This served as a platform for experts to rank the relevancy of various topics with Regulatory Framework, Eco-Finance and Fintech 2.0 gaining significant traction.

Mohammad Alblooshi, CEO of DIFC Innovation Hub, commented, “Dubai is at the heart of everything FinTech and its global penetration has continued to disrupt the way traditional financial services operate. In line with the D33 Agenda to position Dubai as the top four global financial hub by 2033 and DIFC’s 2030 strategy to shape the future of finance and innovation, 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.”

During the DFS Dialogues session, ENBD signed an agreement to join the summit as the official premium banking partner highlighting its commitment to drive innovation within the financial sector. The e& group also signed an agreement to join as the official event headline partner which showcases their continuous effort to support innovative and future thinking businesses on a global scale.

Khalifa Al Shamsi, CEO of e& life, said, “The Dubai FinTech Summit represents an innovative platform where industry leaders from around the world come together to redefine the future of the financial landscape. It is a testament to Dubai’s visionary leadership in establishing a world-class FinTech hub where technological advancement and financial empowerment go hand in hand. At e&, we believe in the power of technology to drive economic growth and enhance financial inclusion. With our cutting-edge digital solutions and connectivity, we continuously strive to facilitate progress through innovation and collaboration. We are proud to sponsor DFS 2024 as part of our ongoing commitment to support the FinTech ecosystem in UAE and beyond.”

Abdulla Qassem, Group Chief Operating Officer at Emirates NBD, said: “Emirates NBD is proud to be at the forefront of these exclusive strategic conversations that bring together industry pioneers. These dialogues are fundamental in shaping the UAE fintech industry’s future and setting the agenda for the Dubai FinTech Summit 2024. The upcoming event serves as a key platform for fostering global FinTech advancements. Emirates NBD’s participation reflects our continuous commitment to embracing innovation in banking. It’s a crucial opportunity to engage with the latest trends and insights that will shape the future of finance.”

The day closed with FinTech start-ups from across the UAE participating in the Fintech World Cup Dubai regional qualifying round with Yabx Technologies emerging victorious and entering the coveted Grand Finale set to take place during the Dubai Fintech Summit 2024 where the winner will have the chance of securing USD 1 mn in investment. It will also offer a platform for the winners of each of the regional finals to showcase their solutions to a global audience of investors and potential partners. Winners will also gain access to mentorship by esteemed judges, global brand exposure, industry recognition and a path to success through strategic synergies and partnerships.

The FinTech World Cup is holding multiple regional qualifying rounds across 10 strategic FinTech hubs around the world where local FinTechs can apply to become a part of the finale. Some of the regional competitions, already conducted in collaboration with partners, have identified winners who represent the pinnacle of FinTech innovation in their respective regions. These winners include Monak E-services from Saudi Arabia; Audax from Singapore and Xaults Technologies from India.

Dubai FinTech Summit 2024 will see an unprecedented gathering of over 8,000 decision-makers, 300+ thought leaders across 5 stages and 200+ exhibitors showcasing cutting-edge technologies.

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

About Dubai International Financial Centre

Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3bn and an estimated GDP of USD 8trn.

With a close to 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.

DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of over 39,000 professionals working across over 4,900 active registered companies – making up the largest and most diverse pool of industry talent in the region.

The Centre’s vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.

Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations.

For further information, please visit our website: difc.ae, or follow us on LinkedIn and Twitter @DIFC.

For media enquiries, please contact:

ASDA’A BCW | +9714 4507600
DIFC@bcw-global.com

Rasha Mezher | Dubai International Financial Centre Authority
Consultant, Marketing & Corporate Communications
+9714 3622451
t – rasha.mezher@difc.ae

The Luxembourg House of Financial Technology Announces the Inaugural ‘Catapult: Financial Inclusion South East Asia’ Program

Luxembourg, Jan 30, 2024 – (ACN Newswire) – Luxembourg is the leader in responsible investment fund assets in Europe, commanding 32% of funds and 39% of all assets under management (AuM). Luxembourg is home to a vibrant ecosystem enriched with initiatives and institutions dedicated to fostering sustainable development, supported by a Government dedicated to driving sustainability principles. Luxembourg is a place where innovation meets impact, nurturing Fintech solutions that have a purpose and a promise.

The program

This inaugural edition of Catapult: Financial Inclusion Southeast Asia will welcome up to 20 selected Fintechs to participate in a multifaceted week-long program in Thailand, where they will benefit from an enriching blend of workshops, mentoring sessions, networking opportunities, and interactions with investors and potential partners. A curated group of ten of these Fintechs will be chosen to extend their journey to Luxembourg for a further week of the program. Luxembourg is the leading financial centre in the Eurozone and the second-largest fund centre in the world. In Luxembourg, program participants will be immersed in the centre’s financial services and financial services ecosystem.

The LHoFT Foundation underwrites all travel and accommodation expenses associated with the program, allowing participants to focus on innovation and learning.

The program, sponsored by the Directorate for Development Cooperation and Humanitarian Affairs and implemented by the LHoFT Foundation, is supported by esteemed partners in the financial services and microfinance sectors, such as Money 20/20, NIA, SFA, VIISA, Bitkub, ADB, Do Ventures, Luxembourg for Finance, ADA, InFiNe, LMDF, SPTF, Afi, Bamboo Capital Partners, Krungsri, Double Father Partners, European Microfinance Platform, GGGI, TFA, Alliance of Digital Finance Associations, Amarante Consulting, Brankas.

Building upon the resounding success of previous editions in Africa, Catapult: Financial Inclusion Southeast Asia heralds a pivotal moment in connecting the regional Asian fintech community with Europe’s expansive fintech network, a domain led with distinction by the LHoFT Foundation.

Nasir Zubairi, CEO of the LHoFT Foundation, said: “We are immensely proud to broaden our impact with Catapult: Financial Inclusion South East Asia. This program is meticulously designed to bolster fintech startups tackling pressing challenges and seizing opportunities in the financial sector. Luxembourg’s reputation as a premier European fintech and financial services hub makes it an ideal partner to help these startups flourish. We are excited to welcome the program participants into our dynamic and diverse fintech community.”

Invitation to apply

Catapult: Financial Inclusion Southeast Asia welcomes applications from Fintech startups within the Southeast Asia region focused on addressing financial inclusion gaps with innovative and scalable solutions. The program is open to Fintechs across various domains: payments, remittances, lending, savings, insurance, financial education, and more.

Application process is simple and free. Apply before February 18, 2024: https://lhoft.com/catapult-financial-inclusion-south-east-asia

About The LHoFT

The LHoFT Foundation is a public-private sector initiative that drives technology innovation for Luxembourg’s financial services industry, connecting the domestic and international fintech community to develop solutions that shape the world of tomorrow. The LHoFT Foundation offers an innovation platform that provides fintech startups with access to talent, expertise, funding, and market opportunities. The LHoFT Foundation also works with government agencies, regulators, and industry associations to foster a supportive and inclusive fintech ecosystem in Luxembourg.

Please visit: https://lhoft.com

Contact Information

Annabelle Albert-Fonteneau
Startup Growth Manager at The LHoFT
annabelle.albert@lhoft.lu
+352661582336

Hanh Le
Founder/CEO of Empacte
hanh.le@empacte.co
+66917194694

SOURCE: The LHoFT – Luxembourg House of Financial Technology

View the original press release on newswire.com.

Crypto Oasis, Crypto Valley, the DLT Science Foundation and Inacta Ventures Join Forces in a Groundbreaking Initiative

DAVOS, SWITZERLAND, Jan 23, 2024 – (ACN Newswire) – Crypto Oasis, Crypto Valley, the DLT Science Foundation and Inacta Ventures Join Forces in a Groundbreaking Initiative.Crypto Oasis, Crypto Valley, the DLT Science Foundation, and Inacta Ventures united to unveil the Global Protocol Report at The Hub of Casper Labs in Davos on the 17th of January 2024. It is an exhaustive examination of DLT (Distributed Ledger Technology) protocols that intends to empower decision-makers and policymakers with invaluable insights and data points, enabling them to plot their course in the burgeoning WEB3 space confidently.

Highlights:

The report has unprecedented transparency and clarity, granular insights, and an evolving analysis of DLT protocol attributes. It will help industry experts and novices gain foundational knowledge on DLT concepts, WEB3 ecosystem infrastructure, the evolution of the Blockchain landscape, and the role of capital, talent, infrastructure, and regulations in WEB3 innovation.

The Global Protocol Report introduces a comprehensive framework for assessing the maturity of DLT protocols, facilitating informed decision-making with concise protocol fact sheets. The report also reveals Switzerland’s dominance with 68.58% of the share of market cap of top protocols per country, followed by Singapore at 13.93%. The Global Protocol Report boasts some illustrious partners such as Coindesk Indices, Dialectic, DFINITY, Hedera, and Sui.

Unveiling the Inaugural Global Protocol Report

A Comprehensive Analysis of Blockchain Protocols

The report’s primary objective is to offer a nuanced understanding of prominent DLT protocols, exploring their strengths, weaknesses, and unique value propositions. The report has unparalleled depth and will delve into the foundational concepts of Distributed Ledger Technology. The subsequent sections delve into critical components of successful innovation, including the role of capital, infrastructure, and talent in advancing DLT protocols.

The report also addresses the intricate landscape of valuations and funding in the Blockchain sphere, focusing on critical aspects, including market cap distributions, revealing Switzerland’s dominance with 68.58% of the share of the market cap of top protocols per country, followed by Singapore at 13.93%. In terms of numbers, 20 of the leading DLT protocols are based out of Switzerland, just one short of the 21 based out of the USA. Switzerland’s leadership in the Crypto landscape is grounded in its renowned financial industry, known for security, neutrality, and privacy. This magnetism for digital asset holders has redefined the country as a centre for Crypto finance and decentralized technologies.

Ralf Glabischnig, Co-Founder of Crypto Oasis, highlighted the regulatory challenges in the Blockchain landscape, noting the significant variations globally. He emphasised Switzerland’s stability and leadership in the Blockchain domain, stating, “In the report we have explored the jurisdictions shaping the WEB3 landscape, analysing regulatory frameworks, infrastructure elements, and other factors influencing their favorability. It’s challenging how regulations can vary so greatly depending on where you are in the world, involving different regions, legal jurisdictions, and governing bodies. Switzerland, being a prominent player in Blockchain, stands as a pillar of stability and one of the most popular jurisdictions for DLT protocols. The Global Protocol Report also details valuation models and funding mechanisms so stakeholders can make informed choices and contribute to a thriving ecosystem.”

Glabischnig acknowledged that the European Union’s introduction of the Markets in Crypto-Assets Regulation (MiCA) is a notable step towards creating a cohesive framework, potentially serving as a blueprint globally. Such a regulatory landscape underscores the importance of understanding and navigating diverse legal frameworks, making the Global Protocol Report an invaluable resource.

The report delves beyond the Blockchain trilemma, i.e., the scalability, security, and decentralization trade-offs, shedding light on the emergence of side chains and second-layer solutions. This exploration unlocks new avenues for optimizing performance and maximizing user experience.

The Global Protocol Report marks a significant milestone in Blockchain research because it provides a comprehensive assessment framework for assessing the maturity of DLT protocols. This framework will allow readers to gauge the strengths and weaknesses of each of the selected protocols, facilitating comparison and identification of potential areas for improvement.

Commenting on the protocol maturity framework, Daniel Rutishauser, Partner, Head WEB3 Venture Building, Inacta Ventures said, “In our daily work, we are using our assessment framework to select the protocol that best fits the requirements for a WEB3 solution. In this report, for the first time, we give some insights into it as guidance for others to successfully build WEB3 solutions. The Global Protocol Report is a game-changer for understanding DLTs. This is a data-driven roadmap with a clear framework for assessing protocol maturity that will empower decision-makers and policymakers in the intricate world of Blockchain technology. By shedding light on the technical complexities and financial dynamics of DLT protocols, the report paves the way for a more informed and responsible WEB3 future.”

Each of the selected Blockchain protocols has been researched and graded on various attributes, including governance, performance efficiency, reliability, security, maintainability, usability, and adoption. The fact sheets for each protocol in the second part of the report include facts and figures such as the consensus mechanisms, transaction speeds, Tokenomics, etc.

“The Global Protocol Report is a critical resource to understand the Blockchain landscape, offering a unique lens on the evolution of DLT protocols. It not only tracks the advancements in Blockchain technology but also provides a framework for assessing protocol maturity. Our collaboration in this report underlines the DLT Science Foundation’s dedication to fostering informed decision-making in the Blockchain arena, especially as we navigate the complexities of scalability, security, and decentralisation. This report is an essential guide for anyone committed to understanding and shaping the future of WEB3.” said Paolo Tasca, Co-Founder and Chairman of the DLT Science Foundation.

A unique aspect of the Global Protocol Report is its commitment to being an evolving and dynamic resource. Regular updates will incorporate new trends and developments, allowing for a time series analysis and showcasing major shifts in the protocol landscape over time. This ensures users have access to a resource that remains current, providing a valuable lens for assessing the evolving maturity and potential of individual protocols.

“We are excited to be included in the first edition of the Global Protocol Report, providing digital asset market intelligence through meticulously crafted research”, said Alan Campbell, President of CoinDesk Indices. “As a firm dedicated to rigorous research and thoughtfully constructed indices, we are pleased to partner with Crypto Oasis and Inacta Ventures as they further the global Crypto economy through education.”

The Global Protocol Report stands as a beacon of clarity in the ever-shifting landscape of WEB3. This essential resource promises to fuel the development of a more robust and thriving DLT ecosystem. The Global Protocol Report is an invitation to explore, understand, and shape a future powered by distributed ledger technology.

Download the Global Protocol Report today and embark on your own journey of discovery within the ever-evolving Blockchain landscape.You can download the report at https://cryptooasis.ae/globalprotocolreport2024/

About Crypto Oasis

The Crypto Oasis is a Middle East-focused Blockchain ecosystem supported by initiators of the Crypto Valley Switzerland. The core elements needed for its development are Talent, Capital, and Infrastructure. The Ecosystem’s stakeholders include Investors & Collectors, Start-Ups & Projects, Corporates, Education & Research Institutions, Service Providers, and Government Entities & Associations. Crypto Oasis is the leading Blockchain ecosystem in the world. Today it is the fastest growing, with more than 1,800 organisations in the UAE alone. www.Cryptooasis.ae

About Crypto Valley

The Crypto Valley Association is a Swiss-based independent with the mission of building the world’s leading Blockchain and Cryptographic technologies ecosystem. The CVA is powered by its eleven Working Groups and by its driven members. The main purpose of the Association is fostering collaboration, driving adoption of digital assets and connecting startups, established enterprises through networking, research, policy recommendations, and its yearly flagship conference – the Crypto Valley Conference.Learn more through https://members.Cryptovalley.swiss/

About Distributed Ledger Technology Science Foundation

DLT Science Foundation is an international nonprofit organisation committed to help create a more equitable society — one that fully utilises DLT, Blockchain and related WEB3 technologies by fostering an open, sustainable innovation ecosystem of leaders, science fellows and developers.

About Inacta Ventures

As a network enabler and execution company, we are dedicated to connecting startups and corporates in the WEB3 space. With a strong and proven network of partners and advisors, we offer a comprehensive range of services to help our clients navigate the complex world of Blockchain and WEB3. Our services include advisory, venture building, smart capital and community building. With our ecosystem, we offer a range of high-quality services to help our clients achieve their goals and succeed in the WEB3 space. Let us help you turn your WEB3 idea into reality.https://inacta-ventures.com/

About CoinDesk Indices

CoinDesk Indices (CDI), a subsidiary of CoinDesk, has been the leading provider of digital asset indices by AUM since 2014. CDI is driven by research and a desire to educate the marketplace and empower investors. CoinDesk is the most trusted media, events, indices and data company for the global Crypto economy.

For more information contact:
Faisal Zaidi
Crypto Oasis
faisal@Cryptooasis.ae
+971 55 200 0840

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Blockpass Heralds Cutting Edge Compliance Automation – Advanced KYC Bot(TM)

HONG KONG, Jan 18, 2024 – (ACN Newswire) – Blockpass is proud to reveal a brand-new automation advancement that will see the KYC experience for its customers improved even further with the introduction of the Advanced KYC Bot(TM). Included as standard for all Managed Service add-on clients, the handy new bot will automate the KYC process even further, reducing the time and effort required for compliance by monitoring and processing flags to KYC profiles.

Also available on a standalone basis for Enterprise customers, the Advanced KYC Bot(TM) builds on the capability of legacy KYC Bot versions which automatically approve a KYC profile if there are no flags raised for it. If there are potential issues detected, the Advanced KYC Bot(TM) reviews and actions these via a remediation process which involves cross-referencing matching AML data, addressing any deficiencies in the documentation provided, and dealing with any issues arising from a blocked nationality. These new capabilities will reduce the time taken to address flagged profiles, whether due to issues with the data or user error in uploading or inputting information, which will ultimately lead to fewer issues or delays onboarding customers and an improved user experience of the whole process.

Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users. Currently, with around one million verified user identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to get access to users, including those with unhosted wallets, with reusable digital identity profiles.

“We all know that regulation and compliance underpin a safe and responsible ecosystem for crypto and blockchain users, but the whole idea of Blockpass is to make the process faster, simpler, more efficient and less intrusive for both businesses and their customers,” said Adam Vaziri, Blockpass CEO. “Our tech department has been hard at work on this new development and we’re delighted to be able to showcase how it will innovate the KYC process for our customers even further. Not only that, but we also have further developments in the works that we’re excited to share with you in the near future.”

Blockpass has grown significantly in size and use since its inception, both in the number and range of users and organizations it has partnered with and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. The existential need for DeFi projects to be regulatory compliant and the recent integrations and legal developments have led to a surge in interest for Blockpass’ On-Chain KYC®, the only live zero knowledge solution for Crypto KYC, and Unhosted Wallet KYC(TM) solution finally enabling blockchains and DeFi platforms to have a compliance layer. For Animoca Brands and Yuga Labs’ Otherside NFT minting in 2022, Blockpass exclusively started the first zero knowledge KYC service where the delivery of the verification result is provably sent without sharing the underlying data.

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 Bot(TM) for intelligent remediation, On-Chain KYC(R) for data-free anonymity, and Unhosted Wallet KYC(TM) 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 via the following:
Website: http://www.blockpass.org
Email: sales@blockpass.org

TIS & Treasury Strategies Announce an Integrated Bank Fee Analysis Solution for Corporate Treasury & Finance

BOSTON, Jan 17, 2024 – (ACN Newswire) – Today, Treasury Intelligence Solutions (TIS) and Treasury Strategies, a division of Curinos, Inc., have announced a new partnership agreement that will see Treasury Strategies’ global bank fee analysis platform integrated with the TIS cloud platform for cashflow, liquidity, and payments. By leveraging the combined solutions of TIS and Treasury Strategies, corporate treasury and finance teams can now gain complete control and visibility over every element of their banking operations through a single structure.

Since 2010, TIS has enabled organizations to connect their entire banking and back-office landscape together through a single platform that streamlines payments and reporting, simplifies bank account management, and provides total visibility over account balances, transaction details, and all associated bank documentation. By adding the capabilities of the Treasury Strategies bank fee analysis solution, TIS clients can now easily monitor bank fees across all their relationships, standardize fee categories for benchmarking purposes, and automatically identify pricing discrepancies on monthly statements. These capabilities unlock a whole new tier of operational efficiency for clients who want to quickly analyze bank fees across all their relationships and account structures, benchmark these costs across each bank relationship, and then compare their fees against what similar companies are charged both domestically and globally.

Given that TIS has integrated over 85,000 client bank accounts with their platform and can connect organizations to 11,000+ global banking options, the Treasury Strategies bank fee analysis solution serves as a natural extension of these core capabilities. According to Jon Paquette, SVP Solutions at TIS, “The TIS and Treasury Strategies integration is the latest example of our commitment to provide businesses of all sizes and industries with top-tier bank connectivity and bank account management services. With Treasury Strategies as our partner, clients can now access an unprecedented range of datasets to help them evaluate and benchmark the costs of their banking operations on a global scale. This will ultimately enable them to more effectively identify inefficiencies, eliminate redundancies, and create a more sustainable, streamlined, and cost-effective banking structure.”

This perspective was shared by Peter Serene, Managing Director of Commercial solutions at Curinos, who added, “We’re thrilled to partner with TIS, integrating our advanced bank fee analysis solution, NDepth, into their comprehensive treasury management suite. In today’s evolving bank fee and ECR landscape, NDepth is a critical tool. It’s designed to empower organizations with unparalleled visibility into their financial operations, aligning with TIS’ mission to simplify global payments and cash management. Together, we help organizations assert control over their bank fees, optimize financial processes, and realize substantial savings. This collaboration underscores our commitment to delivering transformative bank fee analysis benefits for treasurers worldwide”.

The partnership between TIS and Treasury Strategies is expected to take effect immediately, with both teams working together to develop an enhanced solution offering for clients. For more information about this announcement, refer to the below media contacts.

About Treasury Intelligence Solutions (TIS): TIS helps CFOs, Treasurers, and Finance teams transform their global cash flow, liquidity, and payment functions. Since 2010, our award-winning cloud platform and best-in-class service model have empowered the entire office of the CFO to collaborate more effectively and attain maximum efficiency, automation, and control. With over 11,000 banking options, $80 billion in daily cash managed, and $2.5 trillion in annual transaction volume, TIS has a proven track record of combining our unparalleled market expertise with tailored client and community feedback to drive digital transformation for companies of all sizes and industries. For more information, visit tispayments.com and begin reimagining your approach to global cash flow, liquidity, and payments. For additional information, please visit www.tispayments.com.

About Curinos: Curinos is the leading provider of data, technologies and insights that enable financial institutions to make better, and more profitable, data-driven decisions faster. Curinos brings to market a new level of industry expertise across deposits, lending and digital experience solutions and technologies. Through access to comprehensive datasets and analytics, intelligent technologies and connected behavioral insights, Curinos is the partner of choice to help you attract, retain and grow more profitable customer relationships. For additional information, please visit www.curinos.com.

About Treasury Strategies: Treasury Strategies, a division of Curinos is a leading treasury consultancy working with public and private sector treasury organizations. Our experience and thought leadership in corporate treasury management, banking, risk management, working capital, liquidity and payments, combined with our comprehensive view of the market, rewards our clients with a unique perspective and actionable solutions. For additional information, please visit www.TreasuryStrategies.com.