WeR1’s Client SGX-Listed Sasseur REIT Wins Top IR Award For Second Consecutive Year

Singapore, 30 September 2020 – Singapore Exchange (“SGX”) Mainboard-listed Sasseur Real Estate Investment Trust (“Sasseur REIT”), a client of investor relations (“IR”) specialist WeR1 Consultants Pte Ltd (“WeR1”), has been named Platinum winner for IR at the Asia Pacific Best of the Breeds REITs Awards™ 2020. This is the second consecutive year that Sasseur REIT has secured top IR ranking, having won the Gold award in 2019.

Sasseur REIT, which has been a retained client of WeR1 since 2019, secured a total of three awards at the annual event this week. The other two are Platinum Awards for Best Retail REIT and for Best CEO – also for the second year running. All 2019 and 2020 awards received by Sasseur REIT are for REITS under U$1 billion in market value.

The Platinum IR award cited Sasseur REIT’s prompt and informative communication of information to stakeholders, media and the community. Listed in March 2018, Sasseur REIT continues to report its financial performance on a quarterly basis. It has maintained a high level of engagement through regular virtual briefings even after the outbreak of the COVID-19 pandemic.

Sasseur REIT closed its four retail outlet malls in China for several weeks in the early days of the pandemic. The closures coincided with falls in global stock markets in March 2020 and concerns about how retail REITs may be impacted by health concerns and changes to shopping trends.

After the release of Sasseur REIT’s Q1 2020 results, WeR1 worked with the management team to explain how it aligned the interests of mall owner, merchants and REIT holders. This mitigated the impact of the temporary mall closures on various stakeholders.

WeR1 worked closely with management to engage sell-side and buy-side (including remisiers serving retail investors) on Sasseur REIT’s unique ‘A x 1+N x DT’ formula which enshrines Sasseur REIT’s commitment to refresh mall concepts regularly to keep attracting foot traffic.

KGI Securities issued a fresh research report with an Outperform call, raising the number of sell-side coverage of the REIT to five. WeR1 also organised a virtual briefing between Sasseur REIT’s management and over 20 KGI brokers on 15 July 2020, as well as a webinar with Phillip Securities which attracted over 100 participants.

As a result of the efforts to explain the decisive response to the pandemic, Sasseur REIT received significant media coverage in 2020.

Bloomberg ran a commentary which mentioned how Sasseur REIT managed the landlord-tenant relationship differently. The Edge of Singapore carried an in-depth piece on this subject based on interviews with management. The coverage followed a prominent interview in 2019 of Sasseur’s founder and Chairman Mr Vito Xu who was featured in the “In Good Company” column of The Straits Times of Singapore.

Anthony Ang, CEO of Sasseur REIT, said: “We were very happy to receive the significant coverage, as well as the awards for the second consecutive year; Sasseur REIT has been working hard to achieve a swift recovery once lockdown measures in China were lifted, and a strong media strategy gave Sasseur REIT’s investors and analysts renewed confidence in our recovery.”

“We are also pleased to have WeR1 working alongside us to ensure our key differentiators were clearly and swiftly communicated, going the extra mile to offer strong media angles that were in-depth and engaging.”

Mr Lai Kwok Kin, Managing Director of WeR1, said: “The COVID-19 presented challenges as well as opportunities to position Sasseur REIT positively to the media and investment community. We are honoured to support the excellent and committed management team of Sasseur REIT, and are elated by successive awards they have secured.”

About WeR1 Consultants

WeR1 Consultants is a pan-Asian communications specialist in Investor Relations, Tech PR, Crisis Communications and Litigation PR based in Singapore. Our service is distinguished by a high level of strategy led by senior consultants with decades of experience in media, capital markets and communications. For more information on WeR1, please visit https://wer1.net/

About Sasseur REIT

Sasseur REIT is the first outlet mall REIT listed in Asia. Sasseur REIT offers investors with the unique opportunity to invest in the fast-growing retail outlet mall sector in the People’s Republic of China (the “PRC”) through its initial portfolio of four quality retail outlet mall assets strategically located in fast-growing cities in China such as Chongqing, Kunming and Hefei, with a net lettable area of 312,844 square metres.

Sasseur REIT is established with the investment strategy of investing principally, directly or indirectly, in a diversified portfolio of income-producing real estate which is used primarily for retail outlet mall purposes, as well as real estate-related assets in relation to the foregoing, with an initial focus on Asia. For more information on Sasseur REIT, please visit https://www.sasseurreit.com

WeR1’s Client SGX-Listed Sasseur REIT Wins Top IR Award For Second Consecutive Year

SINGAPORE, Sep 30, 2020 – (ACN Newswire) – Singapore Exchange ("SGX") Mainboard-listed Sasseur Real Estate Investment Trust ("Sasseur REIT"), a client of investor relations ("IR") specialist WeR1 Consultants Pte Ltd ("WeR1"), has been named Platinum winner for IR at the Asia Pacific Best of the Breeds REITs Awards(TM) 2020. This is the second consecutive year that Sasseur REIT has secured top IR ranking, having won the Gold award in 2019.

Sasseur REIT, which has been a retained client of WeR1 since 2019, secured a total of three awards at the annual event this week. The other two are Platinum Awards for Best Retail REIT and for Best CEO – also for the second year running. All 2019 and 2020 awards received by Sasseur REIT are for REITS under U$1 billion in market value.

The Platinum IR award cited Sasseur REIT's prompt and informative communication of information to stakeholders, media and the community. Listed in March 2018, Sasseur REIT continues to report its financial performance on a quarterly basis. It has maintained a high level of engagement through regular virtual briefings even after the outbreak of the COVID-19 pandemic.

Sasseur REIT closed its four retail outlet malls in China for several weeks in the early days of the pandemic. The closures coincided with falls in global stock markets in March 2020 and concerns about how retail REITs may be impacted by health concerns and changes to shopping trends.

After the release of Sasseur REIT's Q1 2020 results, WeR1 worked with the management team to explain how it aligned the interests of mall owner, merchants and REIT holders. This mitigated the impact of the temporary mall closures on various stakeholders.

WeR1 worked closely with management to engage sell-side and buy-side (including remisiers serving retail investors) on Sasseur REIT's unique 'A x 1+N x DT' formula which enshrines Sasseur REIT's commitment to refresh mall concepts regularly to keep attracting foot traffic.

KGI Securities issued a fresh research report with an Outperform call, raising the number of sell-side coverage of the REIT to five. WeR1 also organised a virtual briefing between Sasseur REIT's management and over 20 KGI brokers on 15 July 2020, as well as a webinar with Phillip Securities which attracted over 100 participants.

As a result of the efforts to explain the decisive response to the pandemic, Sasseur REIT received significant media coverage in 2020.

Bloomberg ran a commentary which mentioned how Sasseur REIT managed the landlord-tenant relationship differently. The Edge of Singapore carried an in-depth piece on this subject based on interviews with management. The coverage followed a prominent interview in 2019 of Sasseur's founder and Chairman Mr Vito Xu who was featured in the "In Good Company" column of The Straits Times of Singapore.

Anthony Ang, CEO of Sasseur REIT, said: "We were very happy to receive the significant coverage, as well as the awards for the second consecutive year; Sasseur REIT has been working hard to achieve a swift recovery once lockdown measures in China were lifted, and a strong media strategy gave Sasseur REIT's investors and analysts renewed confidence in our recovery."

"We are also pleased to have WeR1 working alongside us to ensure our key differentiators were clearly and swiftly communicated, going the extra mile to offer strong media angles that were in-depth and engaging."

Mr Lai Kwok Kin, Managing Director of WeR1, said: "The COVID-19 presented challenges as well as opportunities to position Sasseur REIT positively to the media and investment community. We are honoured to support the excellent and committed management team of Sasseur REIT, and are elated by successive awards they have secured."

About WeR1 Consultants

WeR1 Consultants is a pan-Asian communications specialist in Investor Relations, Tech PR, Crisis Communications and Litigation PR based in Singapore. Our service is distinguished by a high level of strategy led by senior consultants with decades of experience in media, capital markets and communications. For more information on WeR1, please visit https://wer1.net/

About Sasseur REIT

Sasseur REIT is the first outlet mall REIT listed in Asia. Sasseur REIT offers investors with the unique opportunity to invest in the fast-growing retail outlet mall sector in the People's Republic of China (the "PRC") through its initial portfolio of four quality retail outlet mall assets strategically located in fast-growing cities in China such as Chongqing, Kunming and Hefei, with a net lettable area of 312,844 square metres.

Sasseur REIT is established with the investment strategy of investing principally, directly or indirectly, in a diversified portfolio of income-producing real estate which is used primarily for retail outlet mall purposes, as well as real estate-related assets in relation to the foregoing, with an initial focus on Asia. For more information on Sasseur REIT, please visit https://www.sasseurreit.com

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

Study Finds 90% of Responding Organizations Experience Challenges with Financial Close Process

DALLAS, TX / ACCESSWIRE, Sep 25, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today released a study evaluating organizations' use of ERP systems and financial software during the global COVID-19 pandemic and its impact. Nine out of ten respondents said they experience challenges with the financial close process, with the top challenges being 1) a time-consuming process, 2) the risk of experiencing manual errors, and 3) under-supported to achieve their goals.

A commissioned study conducted by Forrester Consulting on behalf of Trintech surveyed 336 finance and IT leaders globally on challenges experienced in digital transformation efforts. Respondents reported their organizations' processes and strategies are rife with challenges due to data accuracy and lack of collaboration. However, there are opportunities for organizations to pinpoint their problem areas and utilize modern technology and strategic approaches to help propel themselves toward long-term success.

Key findings include:

– Complex environments cause challenges with executive collaboration and financial close technology. Organizations operate in complex ERP environments and use an average of nine different vendors and 18 instances across the enterprise globally which leads to disconnects in collaboration and communication among the C-Suite and other leadership stakeholders and trouble with data availability and accuracy. This increases the risk of financial misstatements and potentially incorrect insights. 44% of respondents cited errors due to manual processes as one of the biggest challenges during financial closes.

– Adopting advanced technologies can benefit the entire organization. Many organizations can benefit from supplemental financial close applications that work across this complex and disparate ERP environment while also introducing advanced technological capabilities such as AI that benefit the entire organization. Currently, CFOs spend almost 17% of their work week analyzing financial information and only 12% on business strategy-related activities. Advanced technologies can free up time and help CFOs spend more time on strategy.

– The financial close process will be overhauled in the age of AI. Eighty percent of respondents said AI will play a large or central role in their organization's next wave of financial management technology. Organizations must take advantage of and invest in technologies like AI, robotics, automation, and risk management so the finance office can overcome its own challenges while leading the way in the organization for the ROI on these advanced technologies.

"Prior to the pandemic, we heard many business leaders say digital transformation is a priority, but too many overlook finance as a crucial and foundational element of this transformation. Investing in the right technology to maintain business continuity in a remote environment and beyond is no longer a "want", it's a critical need," said Teresa Mackintosh, CEO at Trintech. "This survey revealed that complex ERP environments hinder the ability to produce necessary financial statements and track key metrics to get a true view of the business. Looking to supplemental solutions that integrate across these complex ERP environments to ensure data accuracy, automation, and collaboration in the C-Suite are paramount to ensuring long-term success for your organization."

According to the study, "Finance teams are notorious for lagging behind their enterprises' digital transformation efforts, though not for lack of trying. While many large enterprises focus on their technology teams, they overlook the transformational necessity of the finance teams, leaving them with outdated systems and frustrated employees and lacking skill sets. To effectively position themselves for long-term success, organizations must deliver on these increasingly challenging demands in the short run and find a way to manage the complexities that come with being an enterprise-level organization."

Key Recommendations:

Growing pressures due to rising customer expectations, fast pace of change, and the ongoing impacts of the pandemic will force organizations to invest in modern finance solutions or face perilous consequences. This in-depth survey yielded several important recommendations:

– Organizations need to make bold investments in finance for business survival and growth. Decision makers must overhaul their current thinking and recognize that great finance systems – including clear visibility and controls – can make or break the business. Leaders need accurate, real-time financial information through streamlined financial close software to make important decisions about business health and investments.

– The right technology will bring consistency and automation to critical financial processes. Respondents said they prioritize integration, breadth, and automation when selecting financial software. These characteristics are critical to solving issues around fragmented data, inconsistent processes, and out-of-date information that can drag down business success.

– Make sure to invest in governance and CFO-CIO collaboration for best results. Leading organizations must combine people, processes, and technology for best results in modern finance systems. The technology is a starting point, but real success can only happen when key stakeholders are aligned and clear on roles and responsibilities.

– Push the limits of AI in core finance processes. All financial software aims to automate and reduce manual effort, but leading solutions are changing the game with real learning and intelligence. Go beyond the buzzwords and ask your supplier for real examples and references from customers who can speak to the power of real AI.

Please tune in to our webinar, "Leveraging Advanced Technology to Succeed in a Complex Financial Close", on October 16th to hear more about our survey findings and recommended next steps. https://pr.report/6H-IMBOJ

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency® Platform, Adra® Suite, and targeted tools, ReconNET™, T-Recs®, and UPCS®, help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Adrienne Kim
Vested
917-765-8720
trintech@fullyvested.com

SOURCE: Trintech, Inc.

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

ZALL Smart Commerce Group To Expand Its Singapore Operations

SINGAPORE, Sep 25, 2020 – (ACN Newswire) – Asia's leading B2B e-commerce group, ZALL Smart Commerce Group (ZALL), announced that it will be expanding the scale of its operations and investments in Singapore. ZALL will invest in its Singapore business, including Commodities Intelligence Centre (CIC), a Joint Venture between ZALL, the Singapore Exchange (SGX) and Global eTrade Services (GeTS). It has increased its recruitment efforts, with a number of open roles for its operations and trading teams in Singapore. ZALL is also investing into technology to further enable Singapore SMEs to trade more freely across Asia.

ZALL is one of the nine bidders who made the shortlist for the Singapore wholesale digital banking license with only three licenses will be awarded by end-2020. The digital bank foray will mark ZALL's fourth major project in Singapore as it aims to bridge the funding gap and support the expansion of local SMEs and micro-SMEs into Asia.

ZALL's Chairman, Yan Zhi believes that the pandemic has highlighted the importance of leveraging cross-border growth opportunities, especially between ASEAN and China to build more resilient supply chains. Mr. Yan's comments were shared at the recent FutureChina Global Forum 2020 (FCGF) that was attended by over 1,300 regional delegates who discussed the latest development trends and growth opportunities between China and ASEAN. From Singapore, the event was graced by Minister for Trade and Industry Mr Chan Chun Sing.

"While it is business as usual in China now, the rest of the world is still affected by the pandemic that has disrupted supply chains, cratering economies. Today, most of the trading and transactions have to be done online, creating an urgency for traditional businesses to leverage on digital platforms and digitally transform as soon as possible in order to survive," emphasized Mr. Yan Zhi, Chairman of ZALL.

"With confidence, we will eventually go through the difficulties, through the epidemic and fog before us, and the world in three years will only be better," said Mr Yan.

The pandemic has amplified Singapore's importance in driving ASEAN-China trade, a valuable proof point around ZALL's decision to establish its international headquarters in Singapore by launching Commodities Intelligence Centre (CIC) two years ago (2018). CIC is Singapore's first B2B e-trading platform for physical commodities powered by blockchain technology. It offers a global intelligent trading platform to more than a dozen countries, helping companies to reduce transaction costs, optimise the efficiency of their supply chains across cross-border trading, financing, logistics, compliance and risk management; and achieve greater trading synergies globally.

Despite the impact of the Covid-19 pandemic, CIC has seen sales revenues at approximately US$1 billion (S$1.36 billion) during the first half of this year (2020), which exceeded the total revenue throughout last year. Moreover, the number of customers on the CIC platform increased by 20 per cent as compared to 2019, resulting in a surge in the level of activity on the entire platform.

Mr Peter Yu, CEO of Commodities Intelligence Centre, shared, "Singapore has the ideal geographical location when it comes to commodities trading, playing a critical role in supporting regional trade. Singapore's nation-wide push for digitalisation has created the necessary environment to groom digital-savvy talents, and we look forward to inviting ideal candidates to join our growing team in Singapore."

"Be it COVID-19 or the recent spike in dengue cases, CIC offers opportunities for businesses of all sizes to mitigate crises by diversifying revenue sources and extending their global reach of their supply chains. In doing so, we are building business resilience against current and future pandemics," added Mr Yu.

About ZALL Smart Commerce Group

ZALL Smart Commerce Group (ZALL) is a leading Chinese B2B e-commerce group (ranked 139th of Fortune China 500 companies in 2020) with a global footprint across the world and is listed on four exchanges on HKSE, NYSE, SSE and SZSE. ZALL develops and operates Asia's largest B2B offline-to-online trade ecosystem in China and Southeast Asia, including Singapore, with more than 30 B2B platforms in China, US and Singapore, and a GFA of more than 10 million sqm of wholesale trade centres in China. In 2018, ZALL Group achieved a GMV of more than RMB 600 billion (US$85.2 bn), serving over 1 million SME customers worldwide.

ZALL has also obtained a virtual banking licence and currently operates Z-Bank in China since 2017, one of China's top 5 digital banks that has supported more than 5.5 million SMEs and individual customers. For more information, please visit http://en.zallcn.com/

About Commodities Intelligence Centre (CIC)

The Commodities Intelligence Centre (CIC) is a global trading platform for physical commodities including Ferrous & Non-Ferrous Metals, Chemicals & Plastics, Oil & Petroleum, and Agri Commodities. Officially launched in Singapore on 12 Oct 2018, CIC is a Joint Venture between China-based ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX) to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore.

CIC aims to revolutionise commodity trading and facilitate cross-border trade through deal matching, trade finance, supply chain logistics, track and trace and global trade compliance. Since its establishment in October 2018, CIC has achieved a GMV (Gross Merchandise Volume) of more than US$13.1 billion (S$17.9 billion), with over 5,000 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, amongst other countries in Asia. For more information, please visit www.cic-tp.com.

For media queries
PRecious Communications for ZALL
ZALL@preciouscomms.com

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

Study Finds 90% of Responding Organizations Experience Challenges with Financial Close Process

DALLAS, TX / ACCESSWIRE, Sep 25, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today released a study evaluating organizations' use of ERP systems and financial software during the global COVID-19 pandemic and its impact. Nine out of ten respondents said they experience challenges with the financial close process, with the top challenges being 1) a time-consuming process, 2) the risk of experiencing manual errors, and 3) under-supported to achieve their goals.

A commissioned study conducted by Forrester Consulting on behalf of Trintech surveyed 336 finance and IT leaders globally on challenges experienced in digital transformation efforts. Respondents reported their organizations' processes and strategies are rife with challenges due to data accuracy and lack of collaboration. However, there are opportunities for organizations to pinpoint their problem areas and utilize modern technology and strategic approaches to help propel themselves toward long-term success.

Key findings include:

– Complex environments cause challenges with executive collaboration and financial close technology. Organizations operate in complex ERP environments and use an average of nine different vendors and 18 instances across the enterprise globally which leads to disconnects in collaboration and communication among the C-Suite and other leadership stakeholders and trouble with data availability and accuracy. This increases the risk of financial misstatements and potentially incorrect insights. 44% of respondents cited errors due to manual processes as one of the biggest challenges during financial closes.

– Adopting advanced technologies can benefit the entire organization. Many organizations can benefit from supplemental financial close applications that work across this complex and disparate ERP environment while also introducing advanced technological capabilities such as AI that benefit the entire organization. Currently, CFOs spend almost 17% of their work week analyzing financial information and only 12% on business strategy-related activities. Advanced technologies can free up time and help CFOs spend more time on strategy.

– The financial close process will be overhauled in the age of AI. Eighty percent of respondents said AI will play a large or central role in their organization's next wave of financial management technology. Organizations must take advantage of and invest in technologies like AI, robotics, automation, and risk management so the finance office can overcome its own challenges while leading the way in the organization for the ROI on these advanced technologies.

"Prior to the pandemic, we heard many business leaders say digital transformation is a priority, but too many overlook finance as a crucial and foundational element of this transformation. Investing in the right technology to maintain business continuity in a remote environment and beyond is no longer a "want", it's a critical need," said Teresa Mackintosh, CEO at Trintech. "This survey revealed that complex ERP environments hinder the ability to produce necessary financial statements and track key metrics to get a true view of the business. Looking to supplemental solutions that integrate across these complex ERP environments to ensure data accuracy, automation, and collaboration in the C-Suite are paramount to ensuring long-term success for your organization."

According to the study, "Finance teams are notorious for lagging behind their enterprises' digital transformation efforts, though not for lack of trying. While many large enterprises focus on their technology teams, they overlook the transformational necessity of the finance teams, leaving them with outdated systems and frustrated employees and lacking skill sets. To effectively position themselves for long-term success, organizations must deliver on these increasingly challenging demands in the short run and find a way to manage the complexities that come with being an enterprise-level organization."

Key Recommendations:

Growing pressures due to rising customer expectations, fast pace of change, and the ongoing impacts of the pandemic will force organizations to invest in modern finance solutions or face perilous consequences. This in-depth survey yielded several important recommendations:

– Organizations need to make bold investments in finance for business survival and growth. Decision makers must overhaul their current thinking and recognize that great finance systems – including clear visibility and controls – can make or break the business. Leaders need accurate, real-time financial information through streamlined financial close software to make important decisions about business health and investments.

– The right technology will bring consistency and automation to critical financial processes. Respondents said they prioritize integration, breadth, and automation when selecting financial software. These characteristics are critical to solving issues around fragmented data, inconsistent processes, and out-of-date information that can drag down business success.

– Make sure to invest in governance and CFO-CIO collaboration for best results. Leading organizations must combine people, processes, and technology for best results in modern finance systems. The technology is a starting point, but real success can only happen when key stakeholders are aligned and clear on roles and responsibilities.

– Push the limits of AI in core finance processes. All financial software aims to automate and reduce manual effort, but leading solutions are changing the game with real learning and intelligence. Go beyond the buzzwords and ask your supplier for real examples and references from customers who can speak to the power of real AI.

Please tune in to our webinar, "Leveraging Advanced Technology to Succeed in a Complex Financial Close", on October 16th to hear more about our survey findings and recommended next steps. https://pr.report/6H-IMBOJ

About Trintech

Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

Media Contact:
Adrienne Kim
Vested
917-765-8720
trintech@fullyvested.com

SOURCE: Trintech, Inc.

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

Tiger Brokers adds ASX to its Online Trading & Mobile App

SINGAPORE, Sep 18, 2020 – (ACN Newswire) – Tiger Brokers, the NASDAQ-listed, Xiaomi-backed online brokerage focused on global trading across the world's top markets, announced the addition of the Australian Securities Exchange (ASX) to its mobile and online trading application, Tiger Trade. This brings the current number of exchanges available to regional investors to 6; the US, Hong Kong, China, Singapore, and Australia: the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, Hong Kong Stock Exchange (HKEX), Singapore Stock Exchange (SGX), and since Monday, the ASX.

The addition of ASX to Tiger Trade's offering addresses regional investors' increasing appetite for equities, even during the current COVID-19 pandemic: Tiger Brokers witnessed a surge in account openings especially during June to August, with an increase of 43% y-o-y following the addition of SGX to the platform on June 8. With the ASX seeing an average daily on-market trading volume of AU$5.4 billion (S$5.36 billion) in July, up 21% y-o-y, it was natural that Tiger Brokers would want to provide access to ASX trading on its platform and to expand its offerings to potential ASX investors.

Mr Eng Thiam Choon, CEO of Tiger Brokers Singapore, said, "Tiger Brokers believes that technology is a strong enabler to providing convenient access for retail investors to meet their investing needs. The access to another popular stock exchange like the Australian Securities Exchange will allow investors to further diversify their investment portfolio."

Demand for Overseas Exchanges

The top 10 stocks traded on the Tiger Trade platform included Tesla, Alibaba, Apple and Netflix from US exchanges, Tencent and Alibaba from Hong Kong, rounded out by banking stocks, glove makers and Singapore Airlines (SIA) in Singapore. Across exchanges, the sectors most traded were ihealthcare, followed by the technology sector.

"Industries like healthcare and technology have seen tremendous interest from retail investors, and surging stock prices. Tiger Trade has also seen an increased number of transactions in these stocks. We are also seeing retail investors more comfortable using online trading platforms such as ours, similar to the financial industry as a whole, which is rapidly digitizing. With more people at home, the consumption of technology has risen, and Tiger Brokers is well placed to meet that rising trend," said Mr Eng.

Mr Wu Tianhua, CEO of Tiger Brokers, commented, "A major increase in new customers in Q2 2020 as well as a strong growth momentum in total client assets is indicative of the appeal of our service offerings to both retail and institutional clients. The improvement of these key business metrics showed strength in the business amidst the COVID-19 induced market volatility."

Tiger Brokers Singapore is able to tap the expertise and insight of its parent UPFintech Holdings (NASDAQ: TIGR) in helping drive fintech innovation in Singapore and Southeast Asia. UPFintech Holdings focus is on global Chinese investors. UPFintech's Q2 earnings shared positive momentum with revenue growth of 121.8% y-o-y to US$30.1 million, on trading volume of US$46.8 billion. Client assets hit a high of US$8.3 billion as of June 30, an increase of 132.9% from a year earlier. UPFintech led the rankings of underwriters among brokerages for US IPOs during H1 2020. Despite COVID-19, UPFintech assisted many firms in settling sizable orders, showing the group's capability to serve its 500+ institutional and corporate clients. Earlier this month, it received approval for five new Financial Industry Regulatory Authority, Inc. ("FINRA") licences in the United States.

The Tiger Trade mobile app is available for download at Apple App Store and Google Play store.
Apple App Store: https://apps.apple.com/sg/app/id1023600494
Google Play Store: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com / media@tigerbrokers.com.sg
Phone: +65 9667 3157 or +65 9152 0086

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

Tiger Brokers Singapore Adds ASX to its Online and Mobile Trading Apps, Addressing Demand from Investors

SINGAPORE, Sep 17, 2020 – (ACN Newswire) – Xiaomi-backed Tiger Brokers, a global online stock brokerage, has announced adding the Australian Securities Exchange (ASX) to its online and mobile trading app, Tiger Trade. This brings the current number of exchanges available to regional investors on Tiger Trade to 6, including the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, Hong Kong Stock Exchange (HKEX), Singapore Stock Exchange (SGX), and now, the Australian Securities Exchange (ASX).

The addition of ASX to Tiger Trade's offering addresses an increasing appetite for investing even during the COVID-19 pandemic. Tiger Brokers witnessed a surge in account openings in 2020, and from June to August saw an increase of 43%, with the addition of SGX to the platform in June. With the ASX seeing an average daily volume of AU$5.4 billion (S$5.36 billion) in July, up 21% y-o-y, it was natural that Tiger Brokers would provide access on Tiger Trade, and expand its offering to potential ASX investors.

Mr Eng Thiam Choon, CEO of Tiger Brokers Singapore, said, "Tiger Brokers believes that technology is a strong enabler to providing convenient access for retail investors to meet their investing needs. The access to another popular stock exchange like the Australian Securities Exchange will allow investors to further diversify their investment portfolio."

Increasing demand for overseas exchanges

The top 10 stocks traded on the Tiger Trade platform included Tesla, Alibaba, Apple and Netflix from the US stock exchanges and Tencent and Alibaba from Hong Kong, with the rest being banking stocks, glove makers and Singapore Airlines (SIA) in Singapore. Of these, across all exchanges, the industries most traded were in healthcare, as well as in the technology sector.

"Given the COVID-19 phenomena, industries like healthcare and technology have seen strong interest from investors, and surging stock prices. As such, Tiger Trade has also seen an increased number of account openings, and transactions in these stocks as well. Also, we are seeing that retail investors are more comfortable using online trading platforms such as ours, similar to how the financial industry as a whole is digitizing. With more people staying at home due to the pandemic, the consumption of technology has risen. We are seeing more users open to using technology to meet their investment needs, and at Tiger Brokers, we are well placed to meet that rising need," Mr Eng shared further.

Mr Wu Tianhua, CEO of Tiger Brokers, commented, "A major increase in new customers in Q2 2020 as well as a strong growth momentum in total client assets is indicative of the appeal of our service offerings to both retail and institutional clients. The improvement of these key business metrics showed strength of the business amidst the COVID-19 induced market volatility." The increase in online brokerage preference also aligns with Accenture's data-driven analysis of COVID-19's impact on the digital behaviour of Singapore consumers. The report showed that the opportunity in Singapore's digital economy is worth at least half a billion US dollars per annum.

Tiger Brokers Singapore was able to tap the expertise and insight of parent UPFintech Holdings to help drive fintech innovation in Singapore and Southeast Asia. UPFintech's Q2 earnings showed y-o-y revenue growth of 121.8% to US$30.1 million, with trading volume reaching US$46.8 billion and client assets rising by 132.9% to a new high of US$8.3 billion (as of June 30). Amidst COVID-19, UPFintech assisted many firms by completing sizable orders, showing the group's capability to serve its 500+ institutional and corporate clients. UPFintech led the rankings among brokers for underwriting US IPOs during H1 2020, while receiving approval for five new Financial Industry Regulatory Authority, Inc. ("FINRA") licences in the US as well.

The Tiger Trade mobile application is available for download at the Apple App and Google Play store.
Apple App: https://apps.apple.com/sg/app/id1023600494
Google Play: https://play.google.com/store/apps/details?id=com.tigerbrokers.stock

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: Tiger@preciouscomms.com / media@tigerbrokers.com.sg
Phone: +65 9667 3157 or +65 9152 0086

About Tiger Brokers (Singapore) Pte Ltd.

Tiger Brokers Singapore Pte Ltd (Tiger Brokers Singapore) is a brokerage firm operating with a Capital Markets Services (CMS) Licence from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade, offers complimentary real-time stock quotes, 24/7 finance news updates, dedicated multilingual customer service during trading hours and similar trading opportunities to online users, such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, and Callable Bull/Bear Contracts (CBBC). Both online and mobile app allow users to invest across multiple asset classes trading on the New York Stock Exchange (NYSE), NASDAQ, Shanghai/Shenzhen-Hong Kong Stock Connect, Hong Kong Stock Exchange (HKEX), Singapore Stock Exchange (SGX), and now, the Australian Securities Exchange (ASX).

Tiger Brokers Singapore is the Singapore entity of UPFintech Holding Ltd, known as "Tiger Brokers" in Asia, a leading online brokerage firm focusing on global investors. Founded in 2014, Tiger Brokers became #1 in U.S. equity trading by volume among platforms catering to Chinese global investors in less than two years. The company was listed on NASDAQ under "TIGR" in 2019, and has offices in China, United States, Australia, New Zealand and Singapore. Tiger Brokers has over 743,300 customers worldwide, with total trading volume of more than US$46.8 billion (as of Q2 2020). The company is backed by well-known investors such as Xiaomi, as well as investment guru Jim Rogers. For more information, please visit https://www.tigerbrokers.com.sg.

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

Yan Zhi: Promote the Entrepreneurial Spirit in Global Expansion

SINGAPORE, Sep 11, 2020 – (ACN Newswire) – China's top executives from state-owned and private enterprises recently gathered for a press conference organised by China's State Council Information Office (SCIO) in Beijing to talk about entrepreneurship and the role of innovation in the development of enterprises. The event saw participation from among China's top business leaders including Ning Gaoning, Chairman of Sinochem; Liu Yonghao, Chairman of New Hope Group; Zhou Yuxian, Chairman of China National Building Materials Group; and Yan Zhi, Chairman of ZALL Group ("ZALL").

Yan Zhi, Chairman of ZALL Holdings Ltd (Photo credit: The State Council Information Office of China)

Yan Zhi, Chairman of ZALL shared, "I feel that it is very important, especially during this unprecedented crisis, such as the Covid-19 pandemic, to promote the entrepreneurial spirit which is a mindset that embraces the love for his or her hometown; social responsibility; positive attitude; and innovation. ZALL has managed to grow our footprint across the world underpinned by our values as we ride the wave of globalisation and innovation, and I envisaged this trend to continue."

As one of the first companies in China to operate traditional wholesale markets, logistics, and ports, ZALL has developed Asia's largest B2B offline-to-online trading ecosystem in China and Southeast Asia. Combining online platforms, offline marketplaces and supply chain networks, ZALL empowers customers, merchants and enterprises with access to more convenient, efficient and accurate services, from trading, logistics to property and finance.

"We are developing a new generation of global intelligent trading platform powered by the application of new advanced technologies, such as Artificial Intelligence, Blockchain, Big Data, and modern supply chain management that will become the driving force and catalyst for China's "dual-circulation" economy," added Mr Yan.

ZALL Smart Commerce Group., the global e-commerce entity under ZALL, recently reported that 2020 first half-year revenue grew by 3 per cent year-on-year to reach RMB 35.76 billion (USD 5.24 billion), and achieved net profit of RMB 281 million (USD 41.14 million), despite the impact of the Covid-19 pandemic. Revenues from supply chain management and trading business largely contributed to the Group's total turnover at around RMB 34.96 billion (USD 5.12 billion).

Commodities Intelligence Centre (CIC), Singapore's first physical commodity B2B e-trading platform powered by blockchain technology also saw revenues cross USD 1 billion in its 2020 first-half revenues, surpassing its entire 12 month revenues from 2019. As a joint venture between ZALL Smart Commerce Group Ltd., Singapore Exchange (SGX) and Global eTrade Services (GeTS), CIC offers a global intelligent trading platform to more than a dozen countries, helping companies to reduce transaction costs, optimise the efficiency of their supply chains across cross-border trading, financing, logistics, compliance and risk management; achieving greater trading synergies globally.

ZALL is also one of the nine bidders who made the shortlist for the Singapore wholesale digital banking license with only three licenses set to be awarded by end-2020. The digital bank foray will mark ZALL's fourth major project in Singapore since 2018, as it aims to bridge the funding gap and support the expansion of local SMEs and micro-SMEs into Asia.

With a strong commitment towards social responsibility, ZALL was the first company to activate and mobilise their global supply chain networks and resources to deliver emergency supplies within 48 hours of the lockdown to the Wuhan epicentre. The Group has provided 11 air cargo shipments of medical supplies, including masks, and personal protective gear to 556 hospitals and medical institutions in Hubei province in China, and has setup seven emergency hospitals and three fangcang sheltered hospitals to alleviate the severe hospital bed shortage at the epicentre.

Beyond supporting China's fight against Covid-19, ZALL has stepped up efforts to empower governments around the world in the fight against Covid-19, and has published two e-books that is translated into more than 20 different languages to share their knowledge and experience with fighting the pandemic in China and Wuhan. The Group also donated a total of RMB 185 million of medical supplies to 16 countries and regions around the world, including Singapore and affected countries, such as Japan, France, Czech Republic, Cambodia, Indonesia, Peru, Ecuador as well as Central And West African countries.

"As an entrepreneur, the basic spirit that one must have is to love one's country and hometown, and if one is not even able to love their hometown, we can't really expect them to love anything else," said Yan Zhi.

About ZALL Smart Commerce Group

ZALL Smart Commerce Group is a leading Chinese B2B e-commerce group (ranked 166th of Fortune China 500 companies) with a global footprint across the world and is listed on three exchanges on HKSE, NYSE and SSE. ZALL Group develops and operates Asia's largest B2B offline-to-online trade ecosystem in China and Southeast Asia, including Singapore, with more than 30 B2B platforms in China, US and Singapore, and a GFA of more than 10 million sqm of wholesale trade centres in China. In 2018, ZALL Group achieved a GMV of more than RMB 600 billion (US$85.2 bn), serving over 1 mil SME customers worldwide.

ZALL has also obtained a virtual banking licence and currently operates Z-Bank in China since 2017, one of China's Top 5 digital banks that has supported more than 5.5 million SME and individual customers. For more information, please visit http://en.zallcn.com/

For media queries
PRecious Communications for ZALL
ZALL@preciouscomms.com

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

XanPool Concludes US$4.3 Million Series Pre-A Financing

HONG KONG, Sep 11, 2020 – (ACN Newswire) – Hong Kong-based fintech startup XanPool (xanpool.com) is pleased to announce it has raised US$4.3 million in a Pre-A financing round led by blockchain technology and service provider OK Group, alongside Hashkey and Gumi Cryptos, to spearhead its infrastructure expansion into the eastern hemisphere.

Xanpool's Jeffery Liu, CEO on Left, and Artem Ibragimov, CTO on Right.

XanPool's payment infrastructure allows instant processing of traditional and cryptocurrencies without custody risk. Conventional crypto exchanges require long waiting times – several hours days to days – to clear deposits and withdrawals. Several high-profile exit scams in the space has led users to be wary of keeping substantial amounts of crypto-currency on an exchange.

XanPool C2C software enables users to settles their crypto-currency to local-currency trades in seconds instead of hours, without taking custody of customer funds throughout the entire process. This is done by having users run XanPool's custom APIs, which are built into local payment solutions such as FPS in Hong Kong, IBFT in Pakistan, and InstaPay in the Philippines.

Essentially, the C2C technology allows individuals and businesses to participate in market-making between cryptocurrencies and the local currency by "plugging" their financial infrastructure (such as bank accounts and e-wallets) into the XanPool network. They will then join an extensive C2C network of over 500 liquidity providers across the Asia Pacific region.

XanPool currently has over 75,000 transacting users in over 8 South East Asian countries, and has plans to expand into Pakistan, Bangladesh, Russia, Japan, Korea, Australia, and New Zealand in the coming two quarters.

Commenting on the successful funding round, Estrella Du, a representative from OK Group's Investment Department, said: "The Eastern Hemisphere has seen massive adoption of digital payments; we think XanPool's first-principles reconsideration of crypto on and offboarding infrastructure can drive massive efficiency in the Asian ecosystem. OK Group is excited to partner with XanPool in building the next generation payment infrastructure."

Jeffery Liu, Chief Executive Officer at XanPool, said, "Our aim is to build the most affordable infrastructure for the processing and of cryptocurrency, and routing of local currency; the money raised will allow us to expand beyond Southeast Asia and reach out to a wider group of users on the Eastern Hemisphere."

XanPool's architecture has applications in cross-border payments as well, says Jeffrey. "Besides our geographical expansion, one of the focus areas for our next few quarters will be the traditional-online merchant payment space. Merchants across Asia are encumbered by legacy payments routing institutions, intermediaries, and infrastructure.

"Cryptocurrencies can enable instant, peer-to-peer cross-border routing and settlement, cutting out the middle men. Imagine a Pakistan merchant accepting Hong Kong dollars with FPS and receiving Rupees through IBFT within a few minutes."

Daniel De Weyer, former Global Director at SWIFT, after having worked for over 20 years at SWIFT, has also joined the XanPool team as a Director. As such, Daniel will assist in and lead some of XanPool's geographic, and product expansion effort westwards.

About XanPool

XanPool software allows anyone to seamlessly enable Crypto to Fiat on or offboarding. Instantly executing and settling transactions without taking custody of customer funds. Our unique C2C software solution and liquidity network makes the onboarding and offboarding infrastructure in crypto much more user friendly, and resilient against existing infrastructure dependency (such as bank partners). We allow institutions and retail to on and off board regardless of their infrastructural limitations.

XanPool analogizes its collective technology to a "SWIFT-like Network", but instead of taking days or weeks to settle, XanPool, using only more modern payment solutions with less overhead and risk, can settle similar transactions with a fraction of the cost, and speeds which are magnitudes faster, within seconds. Visit xanpool.com.

Jeffery Liu, Chief Executive Officer at XanPool, is available for interviews.
Media: Fred Tan, Marketing & PR Manager
Email: Fred@XanPool.com & Support@XanPool.com
Phone: +852 5334 3110 (WhatsApp only)

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

Compagnie Financiere Tradition SA Acquires 100% of OM Wholesale in New Zealand

SINGAPORE, Sep 2, 2020 – (ACN Newswire) – Compagnie Financiere Tradition ("Tradition") has today announced its acquisition of OM Wholesale Ltd ("OMW"). OMW is New Zealand's only independent interbank broking business having been formed in a restructure preceding the sale of OM Financial Ltd to First NZ Capital Securities Ltd in 2018. The Wellington-based business of experienced foreign exchange and interest rate derivative brokers has been re-named Tradition Kiwi Brokers Limited.

Compagnie Financiere Tradition SA is one of the world's largest interdealer brokers in over-the-counter financial and commodity-related products. Represented in 30 countries, Compagnie Financiere Tradition SA employs more than 2,300 people globally and provides broking services for a complete range of financial products (money market products, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures) and non-financial products (energy and environmental products, and precious metals). Compagnie Financiere Tradition SA (CFT) is listed on the SIX Swiss Exchange.

Contact: Kenny Campbell
Email: kenny.campbell@traditionasia.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62846

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