Trintech Enhances Its Enterprise System of Accounting Intelligence with Release of Cadency 9.0

DALLAS, TX / ACCESSWIRE, Aug 14, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced the release of Cadency 9.0. The latest update to Cadency's comprehensive System of Accounting Intelligence offers new, innovative support for transaction and account reconciliation, journal entry, systems integrations, artificial intelligence and overall usability for large enterprises.

"As our customers continue to focus on agility and sustainability during this time, the enhancements we have made in Cadency 9.0 deliver greater controls, enhanced visibility, increased efficiencies and certainty of accurate financial reporting that our large enterprise customers demand," said Michael Ross, Chief Product Officer at Trintech. "We've continued to heavily invest in Cadency's System of Accounting Intelligence to ensure these enterprises have the visibility and control to manage every aspect of the financial close from one central cloud-based platform, whether they are in the office or working remotely."

As a central part of the update, Cadency 9.0 consists of several foundational enhancements to improve the Cadency user experience; providing intuitive, easy-to-use and standardized functionality that drives greater efficiencies in your daily workflows. A new, collapsible sidebar navigation allows users to navigate to any page with a single click, reducing the overall time spent navigating between pages. In addition, the reporting experience has also been enhanced with streamlined navigation, search, edit, export, view, and run/schedule capabilities to reduce the time and effort of generating reports.

Cadency 9.0's transaction and account reconciliation enhancements are designed to enhance the speed, accuracy and transparency for what ultimately creates the foundation of a reliable financial statement. Customers will gain greater visibility into overdue journals, decreasing overall financial risk by ensuring SLA's are being enforced per policy and the journals are approved on time. In addition, the introduction of Aged Item Email Notifications will provide greater transparency and control into the management of reconciliations.

Trintech has also made extensive investments in its System of Integration with the addition of two new APIs, Cadency GL Reconciliations API and Cadency Close Task Field API. These integration and automation capabilities increase your organization's efficiency by reducing the manual period-end close activities and time spent supporting an audit, reduce your cost as fewer manual hours are spent on task management and audit preparation, and reduce the risk of a miss in an audit or key control by requiring supporting documentation on those critical tasks.

Lastly, in order to provide our customers with additional controls into computing actionable risk ratings on their journals, we have further invested in our Financial Controls AI(TM) capabilities with the addition of 3 new evaluation criteria to our Risk Rating Engine (RRE): Intra-company transactions, topside Journal Entries and period-end adjustments.

Cadency(R) is the only System of Accounting Intelligence that combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management, compliance and reporting.

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

SOURCE: Trintech, Inc.

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

Trintech Enhances Its Enterprise System of Accounting Intelligence with Release of Cadency 9.0

Industry-Leading Enterprises Continue to Choose Trintech to Automate their Record to Report Process

DALLAS, TX / ACCESSWIRE, Aug 12, 2020 – (ACN Newswire) – Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced that industry-leading organizations are continuing to partner with Trintech to automate the Record to Report process. As these complex organizations focus on scaling their business and face the new challenges of the pandemic era, they demand a seamless, integrated, and configurable solution with end-to-end encryption, supporting 100s of ERP instances including SAP(R), Oracle(R) and NetSuite(R). Trintech counts the majority of the Fortune 100 among its client roster.

"We have seen our clients pivot quickly and realize the benefits of having a comprehensive solution in place that supports a fully-operational virtual ecosystem," says Teresa Mackintosh, CEO of Trintech. "As any organization serving large enterprises knows – and this is especially true right now – you need to be able to offer more than point or narrow solutions. You need a consistent partner with a comprehensive end-to-end solution that can work remotely with existing ERPs and handle real complexities in scale, performance, security, diversity, and regulatory and geographic requirements. We call it "Enterprise Grade" financial accounting software, and this enterprise expertise is at our core."

Trintech's Cadency solution is the only System of Accounting Intelligence (SOAI) that combines end-to-end financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management, and compliance. In addition, it leverages innovative technologies, such as Artificial Intelligence (AI), Risk Intelligent RPA(TM) (RI RPA), and ERP Bots for further efficiencies and to support your financial transformation journey as your business evolves and grows.

"We are finding that more and more large enterprises are discovering the value of choosing a firm that is more than a vendor — a consistent partner who provides reliable industry expertise and a complete, end-to-end solution that can scale with their growth," said Russ Hubbard, Chief Revenue Officer of Trintech. "A perfect example of this is a client of ours, a Fortune 10 premier health innovation company that went through a $70B merger and chose to replace BlackLine with Cadency. They believed Cadency was the only solution that could standardize and transform their financial processes globally as they combined their retail and insurance organizations."

DXC Technology, an organization resulting from the merger of Computer Sciences Corporation and Hewlett Packard Enterprise's Enterprise Service segment, also chose Trintech's Cadency solution, displacing BlackLine, for over 3,000 global users. The firm needed a solution that could integrate seamlessly with SAP(R) and provide full visibility and control across the entire global organization rather than merely implementing a workflow tool. DXC Technology has implemented Cadency Reconciliation Certify, Close, and Journal Entry and has also started to deploy Trintech's ERP Bots to gain further efficiencies.

In order to improve its R2R process, ABB partnered with Trintech and Capgemini to implement Trintech's Cadency solution in support of new processes, a drive for automation, and significant change management. After choosing to implement Cadency over BlackLine, ABB has achieved a single, standardized approach to balance sheet management on a global scale. Reconciliations have required less manual effort due to increased automation and the application of a risk-based strategy. ABB is now able to focus on the risk rating of their balance sheet, with high-risk accounts, such as bank accounts, being reconciled each month with low risk accounts on a less frequent reconciliation cycle.

Furthermore, a global, industry-leading office experience solution provider and a Fortune 150 real estate firm both recently came to Trintech from BlackLine, needing a more complete Record to Report solution with a proven compliance framework ideal for large enterprises. In another instance, a Fortune 20 retailer who previously used the BlackLine solution as a workflow tool for their account reconciliations decided to implement Trintech's Cadency solution to support a broader financial transformation initiative that extended well beyond their limited BlackLine implementation.

"We don't provide a one-size-fits all solution, and that's by design – a truly effective solution for the office of finance shouldn't be," said Mackintosh. "The needs and requirements of mid-sized organizations versus large enterprises are vastly different which is why Trintech has invested in two solutions, Adra and Cadency, to ensure we provide our customers with the most effective solution for their organization. When a competitor has only one solution to offer, it often means sacrificing a customer's requirements versus providing solutions built specifically to a customer or market's unique needs. As we continue to see Adra gain traction in the North American market, we're confident we'll see Trintech succeed in competitive displacements in the mid-market segment going forward as we are observing in the Enterprise market."

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

SOURCE: Trintech, Inc.

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

HKTDC Summer Sourcing Weeks | Go ONLINE builds a business success

HONG KONG, Aug 12, 2020 – (ACN Newswire) – The COVID-19 pandemic has led to physical exhibitions around the world being cancelled or postponed. However, despite this impediment to economic activity, sourcing demand has continued to grow. The Hong Kong Trade Development Council (HKTDC) acted swiftly to change its strategy at the onset of the pandemic, actively developing new business channels and services. The HKTDC's most recent online exhibition has concluded successfully, laying the foundation for a future hybrid model that combines physical and online trade fairs.

Summer Sourcing Weeks | Go ONLINE, an online trade fair organised by the Hong Kong Trade Development Council, concluded on 7 August, attracting more than 13,000 registered quality buyers from 118 countries and regions.

Over 4,500 video meetings were arranged during the online exhibition for buyers and exhibitors to forge collaborations amid the global pandemic.

Multiple webinars and online symposiums were held, including "Tech Trends Symposium 2020 – The Future of Intelligent Connectivity", "Asian Lighting Forum 2020 – Shaping the Future of Lights" and "WGSN Presents: Lifestyle & Interiors Trends Spring/Summer 2021", attracting more than 31,000 views.

In view of the pandemic, nine of the HKTDC's planned physical exhibitions (see below) were migrated to an online exhibition, Summer Sourcing Weeks | Go ONLINE. The exhibition employed innovative online solutions which combined key elements of business matching from physical fairs to facilitate business discussions between buyers and exhibitors.

Benjamin Chau, HKTDC Deputy Executive Director, said: "The uncertainties created by the COVID-19 pandemic have led more small and medium-sized enterprises (SMEs) to focus on online promotions and operations, which has quickly become the 'new normal' for conducting business. Given that the pandemic has prevented buyers and exhibitors from meeting in person, the HKTDC has introduced online business matching to enable networking and deal-making."

Click2Match, the business matching platform employed at Summer Sourcing Weeks | Go ONLINE, used big data and artificial intelligence (AI) to automatically match exhibitors with prospective buyers, enabling both parties to forge closer business connections. The HKTDC also leveraged the strong business networks of its 50 global offices and the support of its Hong Kong team to offer real-time assistance to buyers and exhibitors, enhancing their confidence and readiness to discuss business online. The expertise of HKTDC colleagues combined with sophisticated technologies led to a successful outcome, with more than 4,500 video meetings arranged.

Summer Sourcing Weeks | Go ONLINE creates global sourcing opportunities

Summer Sourcing Weeks | Go ONLINE concluded on a high note on 7 August. The online exhibition featured more than 1,300 exhibitors and attracted over 13,000 registered quality buyers from 118 countries and regions. During the fair period, multiple webinars were held to enable global suppliers and buyers to stay abreast of the latest market intelligence amid the pandemic, attracting more than 31,000 views. The most popular webinars included "Tech Trends Symposium 2020 – The Future of Intelligent Connectivity", "Asian Lighting Forum 2020 – Shaping the Future of Lights" and "WGSN Presents: Lifestyle & Interiors Trends Spring/Summer 2021". Summer Sourcing Weeks | Go ONLINE also boosted traffic to the online hktdc.com Sourcing platform, with the number of page views reaching 1.5 million, a year-on-year increase of 60%.

Gifts and lighting the most-searched products

The majority of overseas buyers joining the online exhibition came from Mainland China, India, Indonesia, Japan, the Philippines, Singapore and the United States, confirming the global nature of the exhibition. In addition, the HKTDC invited numerous major buyers to participate through the online platform, including representatives from Sichuan Impression Property Group Co Ltd, Guangdong Sanyuan McDonald's Food Company Limited, and Chengdu Ito Yokado Electronic Commerce Co Ltd from the Mainland; Eslite Spectrum from Taiwan; Amazon India; Singapore's Lightcraft Pte Ltd; Supervalu Inc and NeweggBusiness Inc from the US; Elgin from Brazil; and local representatives from Gap International Sourcing Limited.

Analysing the consolidated figures for the online exhibition, the product categories most searched for were, in order of popularity, gifts, lighting, medical and healthcare products, mobile phones and accessories, desktop organisers, clocks, audio speakers, watches, backpacks, and auto parts and accessories.

Online exhibition boosts business deals

Summer Sourcing Weeks | Go ONLINE featured the Click2Match business matching platform, using multiple new technologies to enhance matching efficiency. It also covered meeting scheduling, video meeting, live chat and online seminars run by industry experts, all of which helped to provide a better online sourcing and networking experience for buyers and exhibitors. Participants on both sides agreed that the online exhibition helped them connect and continue making deals in the face of a difficult trading environment.

Jun Wong, Managing Director of fashion manufacturer MsEnvy Corporation Limited, said her company had successfully connected with new customers through the platform. "The unique Click2Match business matching platform in Summer Sourcing Weeks | Go Online is a timely and effective tool that has helped us to find potential buyers amid the pandemic. A Japanese retailer and a buyer from the United Arab Emirates expressed their interests in buying our new collections based on their patterns. We expect that the initial orders from these two new buyers will amount to US$50,000," Ms Wong said.

Mainland Chinese manufacturer Ningbao Hongyi Garment Co Ltd showcased its "Alice in the Wonderland" collection through the online exhibition. Pearl Yu, the company's General Manager, said: "We have successfully connected with three new buyers via the Click2Match platform. A buyer from the Netherlands sourcing promotional gifts wants us to produce homewear based on his own designs – an order valued at US$50,000," Ms Yu said.

Ognjen Vucic, Managing Director of Linea Media from Montenegro, said: "Building trust with new suppliers during the lockdown period has been difficult for buyers. The HKTDC's innovative Click2Match customised business matching platform has made it much easier to make connections and is likely to facilitate orders worth around US$50,000 for our company."

Survey: buyers still want physical fairs

The HKTDC conducted an online survey during the fair period which found that more than 70% of exhibitors were participating in an online exhibition for the first time. Nearly 70% of exhibitors surveyed said they achieved their objectives for joining the fair, including generating new sales leads and meeting new customers, leveraging online platforms to promote and launch new products, as well as promoting their company image and brand. Over 40% of respondents agreed that they will utilise both online and offline channels for future promotions.

For buyers, 80% of those surveyed indicated they were participating in an online exhibition for the first time, while 80% of respondents said their objectives for joining the fair were achieved, including finding new products and suppliers, gathering market intelligence and gauging product trends. Over 80% of buyers surveyed found the communication tools of Click2Match useful for connecting with exhibitors, saying that the exhibitors referred by AI largely matched their product and service areas (84%).

Moreover, nearly 70% of buyers said they would consider participating in the HKTDC's physical fairs again in the coming 12 months, showing that physical events remain crucial for buyers and exhibitors to establish connections and build trust during trading. Additionally, nearly half (46%) of the buyers surveyed consider the hybrid online and offline model to be the future trend for sourcing.

HKTDC upgrades digital sourcing platform

Mr Chau noted that the global sourcing model is becoming more focused on digital solutions following the pandemic, and it is envisaged that an online and offline hybrid model will be adopted for future HKTDC trade exhibitions. The HKTDC's online sourcing platform, hktdc.com Sourcing, provided the perfect complement to Summer Sourcing Weeks | Go ONLINE. While the former offers a year-round online showcase for suppliers, the online exhibition brought together suppliers and buyers for specific collaborations.

As the pandemic persists, the HKTDC will organise its next online exhibition, Autumn Sourcing Week | ONLINE, in November. Meanwhile, it is also working to upgrade the hktdc.com Sourcing platform, using advanced technological solutions to enhance matching efficiency and ensure that SMEs can continue to make deals during the peak sourcing season.

* The nine physical exhibitions that were switched to the Summer Sourcing Weeks | Go ONLINE include the HKTDC Hong Kong International Lighting Fair (Spring Edition), HKTDC Hong Kong Electronics Fair (Spring Edition), HKTDC International ICT Expo, Hong Kong International Medical and Healthcare Fair, HKTDC Hong Kong Houseware Fair, HKTDC Hong Kong International Home Textiles and Furnishings Fair, HKTDC Hong Kong Fashion Week, HKTDC Hong Kong Gifts & Premium Fair, and the Hong Kong International Printing & Packaging Fair.

To see more comments from exhibitors and buyers, please visit: https://bit.ly/3fMeCOl

Summer Sourcing Weeks | Go ONLINE official website: https://ssw.hktdc.com/
HKTDC Media Room: http://mediaroom.hktdc.com
Please download more photos from here https://tinyurl.com/y2ck3bez

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: http://www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Contact:
Christine Kam, Tel: +852 2584 4514, Email: christine.kam@hktdc.org
Agnes Wat, Tel: +852 2584 4554, Email: agnes.ky.wat@hktdc.org

JCB and Shopee announce strategic partnership to offer greater flexibility and savings to Southeast Asian online shoppers

SINGAPORE & TOKYO, Jul 21, 2020 – (ACN Newswire) – Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., enter into a regional agreement to provide online merchants and shoppers with enhanced payment options. Through this collaboration, the two homegrown Asian brands will jointly provide quality e-commerce and payments services for the Southeast Asian market.

The partnership will launch in July 2020 in Indonesia, Thailand and Vietnam, followed by Singapore and the Philippines in the following months. JCB will offer year-round and seasonal discounts and an additional safe and secure payment method for shoppers. Shopee will also promote participating stores that support JCB.

Yoshiki Kaneko, President and Chief Operating Officer, JCB International Co., Ltd. said, "JCB is proud to be working with Shopee, a market leader in e-commerce segment, as we further commit to supporting our customers in the fast-growing Southeast Asia region. In particular, as consumer shopping habits shift to online and businesses digitalise their activities, we want to be able to further cater to these evolving needs. Over the past 10 years, Southeast Asia has been a growth market for JCB and we're confident that together with Shopee, we can provide high-quality payments services for businesses and consumers, and continue to grow together with the region. Going forward, JCB and Shopee will continue to provide attractive and convenient services for our customers."

A joint report by Google, Temasek and Bain & Company, found that the Southeast Asia internet economy has soared to $100 billion in 2019, more than tripling in size over the last four years. By 2025, the region's internet economy is expected to grow to $300 billion. The report also estimates that 150 million Southeast Asians have bought or sold things online, up three times from 2015[1].

Terence Pang, Chief Operating Officer, Shopee, said: "We are honoured to be a strategic business partner with JCB. As homegrown brands, both Shopee and JCB are deeply committed to supporting local Southeast Asian markets and businesses. This partnership further strengthens our ecosystem to enable brands and sellers in Southeast Asia to capture the opportunities in online commerce. For our shoppers, they will benefit from having another secure payment method and enjoy additional promotions. This is even more crucial in this new normal as commerce is increasingly done online and we need to be able to support diverse habits and preferences. We believe that JCB will bring added value to our ecosystem and look forward to accelerating the digital economy in Southeast Asia together."

Shopee has experienced good growth in Q1 2020. According to App Annie, in Southeast Asia and Taiwan, Shopee emerged as the top in the Shopping category by average monthly active users and downloads, and also the total time spent in-app on Android. With more Southeast Asian consumers going online through their mobile, Shopee is also focused on driving digital payments in the region. In 2019, Shoppe launched ShopeePay, its own integrated mobile wallet.

JCB, the only international payment brand born in Japan, started its overseas expansion in 1981 by building acceptance of travel destinations for Japanese card members. Since the early 2000s, JCB has focused on expanding its international issuing business to Asian markets, and especially for the last ten years, JCB has been committed to, and has focused its efforts on the fast-growing Southwest Asian market. And its card members in Thailand, Vietnam, Indonesia, the Philippines, Myanmar and Singapore have more than doubled between 2017 and 2019. JCB is pushing forward the e-commerce segment, which is showing a remarkable progress because of economic growth and the diversification of lifestyles in recent years. JCB is also actively adopting new technologies to enhance customer's payment experience including contactless technology which is used for payments such as public transportation.

[1] "e-Conomy SEA 2019 report."
https://www.blog.google/documents/47/SEA_Internet_Economy_Report_2019.pdf. Accessed 2 Jul. 2020.

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia and Taiwan. It was launched in 7 markets in 2015 to connect consumers, sellers, and businesses in the region.

Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. It offers a wide product assortment, supported by integrated payments and logistics, as well as popular entertainment features tailored for each market. Shopee is also a key contributor to the region's digital economy with a firm commitment to helping brands and entrepreneurs succeed in e-commerce.

Shopee is a part of Sea Limited (NYSE:SE), a leading global consumer internet company. In addition to Shopee, Sea's other core businesses include its digital entertainment arm, Garena, and digital financial services arm, SeaMoney. Sea's mission is to better the lives of consumers and small businesses with technology.

About JCB

JCB is a global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 34 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardmembers. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact

JCB Co., Ltd.
Kumiko Kida, Ayaka Nakajima
Corporate Communications Department
Tel: +81-3-5778-8353
E-Mail: jcb-pr@jcb.co.jp

Shopee
Scott Lai
Regional Marketing – PR
Tel: +65 9819 2323
E-Mail: scott.lai@shopee.com

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

Daraz – Smartphones Remain One of the Leading Categories in Pakistani E-Commerce

Karachi, Pakistan, Jul 20, 2020 – (ACN Newswire) – Daraz, the pioneering e-commerce platform in Pakistan, offers customers access to the largest assortment of mobile phones across the country.

Mobile Week 2020

The platform's catalog carries 10 million products across more than 100 categories, and "Mobile and Tablets" has remained one of the leading categories on Daraz. In 2019, 37 new phone models were launched exclusively on the platform by leading brands such as Samsung Mobile, Nokia Mobile, Vivo Mobile, Infinix Mobile, and Tecno Mobile. The e-commerce platform sold over 280,000 smartphones in 2019 with Infinix Mobile leading the chart, followed by Realme and Xiaomi.

In the recently concluded Mobile Week Sale, Huawei Mobile exclusively launched the Y5P model on Daraz, while Infinix launched the Hot 9 model. The sale kept the lowest mobile prices as one of the unique selling propositions to cater to the audience in Pakistan during the pandemic situation.

A number of leading mobile brands have launched their stores on DarazMall, a premium service channel through which customers have access to trusted brands, original products, a 14-day return period and express delivery.

Daraz offers customers a range of digital payment options to ensure accessibility and affordability. Customers can opt to pay through debit and credit cards and e-wallets. They can also opt to pay in installments on a monthly basis as a number of tenure options are available on different bank cards. The Daraz Wallet is the smartest way to pay on the Daraz app, as it offers customers access to exclusive bonuses, fast checkout and instant refunds.

Media Contact:
Pireh Shafiq
Email: pireh.shafiq@daraz.pk

Mobile Week 2020 happened in the month of June 2020 in Pakistan.
Related Image : https://www.newsfilecorp.com/redirect/vXRXsZM8

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/60091

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

Commodities Intelligence Centre (CIC) introduces International Trade Data Platform and Financial Services to drive digital transformation of Singapore SMEs

SINGAPORE, Jul 18, 2020 – (ACN Newswire) – Commodities Intelligence Centre (CIC) today announced the launch of the international version of its web-based business intelligence tool suite, CIC Data Pro, and Leads Generation Business Growth Service. CIC, in partnership with the Singapore Business Federation (SBF), has also offered these new packages under the SBF Rising in Support of Enterprises (RISE) Programme for eligible SBF members. The SBF RISE Programme aims to help Singapore businesses, particularly small- and medium-sized enterprises (SMEs), tide over the challenges arising from COVID-19, push on with digital transformation efforts and emerge stronger. For details, please refer to https://www.sbf.org.sg/activities/sbf-rise-programme.

Catered to a broad range of industry verticals from manufacturing, import-export, wholesale, financial services to logistics, CIC Data Pro leverages big data analytics to harness insights from its comprehensive collection of 1.5 billion records of customs and trade data. The data will enable businesses to uncover new market opportunities and identify reliable partners and suppliers from more than 90 countries across Asia, Europe and the Americas. It also provides customised market insights into the trading activities of global companies, such as information on counterparties, production specifications and past shipment details.

CIC is a Joint Venture between Singapore digital bank hopeful ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX). It looks to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore and beyond. Since its launch in October 2018, CIC has achieved a gross merchandise volume of more than US$12.7 billion (S$17.7 billion), with over 5,000 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia.

Mr Peter Yu, Chief Executive Officer of Commodities Intelligence Centre, said, "The global spread of COVID-19 has impacted all industries in unprecedented ways, and businesses around the world are facing greater risks and challenges with the disruption of production and supply chains coupled with increased uncertainties of customer demand. CIC Data Pro and Lead Generation Service will enable companies to diversify their revenue sources and extend the global reach of their supply chains, building business resilience against the pandemic."

CIC Data Pro is currently available on CIC platform, and is part of the suite of solutions offered by CIC to help companies 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. More than 40 companies, including global leading supply chain financial company, Linklogis and renowned enterprises have subscribed to take advantage of CIC Data Pro's data services.

In an effort to double the support for Singapore's business community amid the COVID-19 pandemic, CIC will also on-board GeTS CALISTA Finance with a US$20 million (S$27.8 million) fund for B2B trade financing. This fund will enable businesses and SMEs to be able to use CALISTA Finance to address short-term liquidity challenges, and to fulfil trade financing needs seamlessly, securely, and smartly.

CIC is Singapore's first physical commodity B2B e-trading platform powered by blockchain technology that facilitates commodity traders from around the world to transact in a secure and trusted manner, enabling real-time end-to-end visibility of supply chains and the traceability of cargo and cashflow across borders.

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 revolutionize 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$12.7 billion (S$17.7 billion), with over 5,000 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia. For more information, please visit www.cic-tp.com.

For media enquiries, please contact:
PRecious Communications for ZALL Group
Email: ZALL@preciouscomms.com

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

VIET CAPITAL BANK and 7-ELEVEN VIETNAM Launch JCB CARD

Ho Chi Minh and Tokyo, Jul 6, 2020 – (ACN Newswire) – Viet Capital Commercial Joint Stock Bank (Viet Capital Bank), a major commercial bank in Vietnam, Seven System Viet Nam Jsc (7-Eleven Viet Nam), a worldwide convenient supermarket, and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co.,Ltd., today announced the launch of Viet Capital Bank JCB 7-Eleven Credit Card.

Viet Capital Bank JCB 7-Eleven Credit Card

A great population of more than 90 million people, Vietnam is considered an attractive market for consumer goods. Vietnamese people likely change the habit in purchasing consumer goods, need to be convinced and purchase all the time 24/7. That's causing the rapidly opening of convenience store.

7-Eleven Vietnam is evaluated as a reputation convenience store, in which developing utilities especially in diversifying the payment, and increasing the loyalty of customer, the co-branded card is launched.

As Viet Capital Bank and 7-Eleven Vietnam exploring,
– 7-Eleven Vietnam expect to operate 1000 stores by 2027.
– This is the first co-branded card of convenience store in Viet Nam.
– With the first step of the campaign, Viet Capital Bank and 7-Eleven Vietnam will prioritize and specifically focus on those group customers are currently member of 7-Eleven Vietnam.

The cardholders can access the JCB acceptance network with about 34 million merchants around the world, special privileges at selected merchants, and customer service at JCB Plaza, an overseas service counter.

In addition, Viet Capital Bank and 7-Eleven offers a lot of benefits with cardholders.
1) Free lifetime annual fee for cardholder, grace period up to 55 days.
2) Loyalty program from 7-Eleven: 1 point for each 1,000 VND transaction amount in App 7REWARDS.
3) Loyalty program from Viet Capital Bank: 5 point for each 1,000 VND transaction amount.

About Viet Capital Bank

Viet Capital Commercial Joint Stock Bank was established in 1992. Over 27 years of operation, with many changes, up to now with the right business vision and strategy, Ban Viet Bank is gradually asserting its position on financial and banking market with the ability to flexibly meet the diverse needs of customers' products and services. The Bank has planned and implemented the Development Strategy for the period of 2016-2020 with the message "We started from YOU" to aim to become a modern, versatile, customer-oriented retail bank. especially individual customers and small and medium business customers.

About 7-Eleven Viet Nam

The first 7-Eleven store in Viet Nam opens in 2017, making Viet Nam the 19th country to host the world's largest convenience store chain.

Seven System Viet Nam (SSV) is the Master Franchisee of the 7-Eleven convenience store system in Viet Nam, based in Ho Chi Minh City. SSV is a group of dynamic professionals who relentlessly make great efforts every day to continue the success story of this iconic brand.

Our mission is to always put our customers first – bringing them fresh food, convenient products and essential services compatible with the culture and lifestyle of a modern and dynamic Viet Nam.

About JCB

JCB is a global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 34 million merchants as well as cash advance locations around the world. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact
JCB Co., Ltd.
Kumiko Kida, Ayaka Nakajima
Corporate Communications Department
Tel: +81-3-5778-8353
E-Mail: jcb-pr@jcb.co.jp

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

Start-up Express Pitching Contest showcases innovative solutions

HONG KONG, Jun 10, 2020 – (ACN Newswire) – Start-up Express, an entrepreneurship development programme organised by the Hong Kong Trade Development Council (HKTDC), has returned for its third edition. The pitching contest under the programme successfully concluded today as a judging panel selected exceptional start-ups to participate in local and international activities to build connections, explore markets, seek partners and enhance brand awareness. In response to the COVID-19 outbreak, the Pitching Final was livestreamed online with a live polling of the "My Favourite Start-up Award", which was awarded to MICology.

Start-up Express Pitching Final winners photographed with jurors and guests.

Renowned stand-up comedian Vivek Mahbubani, the event host, talks to participating start-ups.

A distinguished judging panel witnessed the rise of new start-up success stories.

Stephen Liang, Assistant Executive Director of HKTDC said: "Start-ups have been affected by the economic downturn like much of the world but the true essence of entrepreneurship is persistence in the face of adversity. There can always be opportunities found amid what otherwise appears to be a crisis. Traditional business and consumption models are seeing a new normal amid the COVID-19 pandemic, which can in turn increase receptiveness to new ideas. With outstanding achievements in innovation and technology, local start-ups launched products and services to fight against the pandemic. The HKTDC will continue to support local start-ups in exploring business opportunities amid the pandemic-struck economy, and to promote the city's capabilities in innovation and technology to overseas buyers."

Start-up Express offers global promotion, market exploration

The contestants propose innovative and disruptive solutions to transform business and social ecosystems through biotech, fintech, robotics, artificial intelligence, big data and the Internet of Things (IoT) and responded to questions raised by a distinguished judging panel and online audience. This year's juror line-up (listed below) witnessed the rise of new start-up success stories alongside online spectators:

– Calvin Choi, Chairman of the Board of Directors and Chief Executive Officer, AMTD Group
– Jason Chiu, Chairman, Hong Kong Startup Council
– Cindy Chow, Executive Director, Alibaba Hong Kong Entrepreneurs Fund
– Duncan Chiu, Co-Founder and Managing Director, Radiant Venture Capital
– Herbert Chia, Venture Partner, Sequoia Capital China

This year's winners of the Pitching Final include: Arical, Arovia Hong Kong, BUG BROS BIOTECH, Gense Technologies, imBee, Inovo Robotics, Open Ocean Engineering, Return Helper, Shopkyo, SPES Tech and Wineworld Xplorer. (Click here https://bit.ly/2UsM30s for the list of wining start-ups and their profile)

The start-ups will be invited to exploratory sessions, power meet-up sessions with successful business leaders, business-matching sessions and local events organised by the HKTDC, including Start-up Zones at the Asian Financial Forum, spring and autumn editions of the HKTDC Hong Kong Electronics Fair and HKTDC Hong Kong International Medical and Healthcare Fair. The HKTDC will also bring the start-ups to the international stage by organising overseas missions and setting up Hong Kong Pavilions at international technology exhibitions – including CES in Las Vegas and MWC Barcelona.

Double opportunities to build professional networks

AMTD Group is the strategic partner of Start-up Express for a second year. Calvin Choi, Chairman of the Board of Directors and Chief Executive Officer said: "I am impressed by the innovative ideas and practical solutions presented by our city's young entrepreneurs in this year's Start-up Express Pitching Final presentation. This recurring programme serves as a valuable platform for participants to showcase their unique business ideas and demonstrate the innovative power of the young generation in Hong Kong.

"The current business landscape is full of challenges, but for start-ups that are agile and versatile in responding to changing conditions and market needs, they can definitely identify and seize the best out of available emerging opportunities."

With the support of AMTD Group, the SpiderNet Award has been established to recognise the top performer selected by AMTD in the Pitching Final. The award aims to provide the winner with a unique and rare opportunity to access the resources and network of the AMTD SpiderNet eco-system. The winner will benefit greatly for its future development, and will also offer synergetic value to other entrepreneurs within the eco-system. imBee won the inaugural prize.

Jason Chiu, Chairman, Hong Kong Startup Council, said: "In every entrepreneurial journey, there are bound to be challenging times and the strength of a true entrepreneur is the ability to fight through the hard times and learn from each setback. This year has been especially trying due to the health situation that has impacted businesses globally but these start-ups have shown the resilience to fight through the adversity and succeed."

Mr Chiu added: "It has been great to see how this batch of start-ups have navigated the past few months to present themselves in a shining light, ready to embrace new opportunities on the international market through Start-up Express' unique support system. The programme helps entrepreneurs build connections and seek opportunities with potential investors and partners. I look forward to the winning start-ups joining HKStartupSociety and realise their dreams of not only excelling in Hong Kong but on the international stage."

Helping Hong Kong start-ups expand markets and networks

A key driver for Start-up Express participants has been the opportunity to enhance brand and media awareness, while also connecting with mentors, partners and investors through HKTDC-organised local and overseas events. This has provided start-ups with the chance to learn from experts and strengthen their core business.

Start-Up Express past winners benefitting from new opportunities include Miscato Limited, which developed and patented smart aromatherapy solutions, and Quikec International Limited, which developed a one-stop cloud-based supply chain management solution.

Michelle Fno, Founder & CEO of Miscato Limited, said: "HKTDC's strong network has helped us land interview opportunities with local and overseas media outlets, which in turn allowed me to share how my company developed our new series of antiviral smart aromatherapy products. Thanks to this increased exposure and HKTDC's support, we've since been able to capture new business opportunities and expand our clientele."

Peter Li, President and Co-founder of Quikec International Limited said: "Start-up Express has provided us an opportunity to participate in different exhibition and international exchange events. This has helped us expand our client base and find excellent partners despite operating on a tight budget. For example, meeting with Duncan Chiu, a well-known investor, offered many valuable lessons for us as he offered suggestions on business-development strategy."

HKTDC throws full support behind local start-ups

The HKTDC will continue to fully support the city's entrepreneurial ecosystem to maintain Hong Kong's status as a competitive business city and hub for innovation. To support enterprises, the HKTDC has launched the "HKTDC Transformation Sandbox (T-box)", offering free support on branding, e-commerce, manufacturing relocation and new market development. A "Voice of Start-ups" series has been launched on the HKTDC online platform to promote the success stories of local start-ups and to show how their creativity and versatility help them thrive and capture local and overseas business opportunities.

In addition to organising Start-up Express, HKTDC will support start-ups by hosting the annual Entrepreneur Day in July. The Council will also set up dedicated start-up zones at its world-class trade fairs in Hong Kong to help local start-ups reach out to overseas buyers and suppliers for potential partnership opportunities.

More information
Start-up Express: http://info.hktdc.com/startupexpress/en/index.html
Photo download: https://bit.ly/30ugiZ4

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

About AMTD

AMTD Group is Asia's leading comprehensive financial services conglomerate, with businesses in investment banking, institutional asset management, strategic investment, virtual banking, corporate insurance brokerage, etc. and non-financial services areas to include property investment and hotel operation, K12 education, innovative technology, and digital investment. AMTD Group is a global Strategic Partner Associate of the World Economic Forum, and has been supporting the Singapore Fintech Festival since 2017.

AMTD International (NYSE: HKIB; SGX:HKB), a subsidiary of AMTD Group and dual-listed on the New York Stock Exchange and Singapore Exchange, is the No. 1 independent investment bank in Asia and one of Asia's largest independent asset management companies, and is also a leading investment house in the financial and new economy sectors.

AMTD Digital, a diversified digital technology platform under AMTD Group, operates in businesses covering digital financial services, digital marketing, media, and data intelligence, digital connectors and digital investment. Airstar Bank, one of the eight licensed virtual banks in Hong Kong, is the joint venture between AMTD and Xiaomi and a portfolio under this platform, and is also one of the earlier virtual banks launching its service.

Media enquiries
Please contact Creative Consulting Group or HKTDC's Communications & Public Affairs Department:

Creative Consulting Group
Wendy Chan
Tel: +852 3159 2962 / +852 6758 4869
Email: wendy.chan@creativegp.com

June Wong
Tel: +852 3159 2909 / +852 6986 5822
Email: june.wong@creativegp.com

HKTDC
Leslie Ng
Tel: +852 2584 4239
Email: leslie.ss.ng@hktdc.org

Beatrice Lam
Tel: +852 2584 4049
Email: beatrice.hy.lam@hktdc.org

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

Mainetti to launch M-care PPE Range

HONG KONG, May 27, 2020 – (ACN Newswire) – Mainetti Group is pleased to announce a new range of personal protective equipment (PPE), "M-care", available to customers in support of mitigating the risks of COVID-19. The M-care product range features a "Made in Hong Kong" disposal mask, manufactured to EN14683 Type IIR and ASTM F2100 Level 2 standards, ensuring that Made in Hong Kong continues to be associated with product quality.

The M-care suite of PPE products also includes anti-bacteria mask folders, protective gloves, safety goggles, gowns and hand sanitizers. Reusable masks and hi-tech smart devices such as portable air purifiers will be added to the range later this year. Hong Kong will serve as a regional distribution hub for all clients, ensuring rapid and reliable delivery as the world combats the pandemic.

Since the outbreak of the COVID-19 virus, Mainetti has been providing PPE to medical staff on the frontline in the fight against COVID-19, as well as those in need, distributing masks, gloves and other essential gears to NGOs, food banks and hospitals in Italy, Spain, UK and Hong Kong, while leveraging its global supply chain and global client network.

Roberto Peruzzo, CEO of Mainetti Group, said, "As the world adapts to a rapidly changing landscape following COVID-19, Mainetti is working closely with business partners in our global supply chain to minimize disruption and navigate challenges. Our people are our most valuable asset and caring for our community is of critical importance to our group. In response to COVID-19, we have worked with local communities in Italy and Spain, as well as with charity partners and other relief organisations to supply PPE to healthcare professionals and those in need."

Paul Tai, Global Head of M-care and Regional Director of Mainetti said, "As global businesses re-commence operations, having readily-available and high-quality PPE will be essential for staving off the return of COVID-19. M-care is well placed to meet this growing demand. Together, we will beat the virus."

About Mainetti
Founded in 1961, Mainetti is one of the world's largest manufacturers and suppliers of packaging for the fashion industry and a leading provider of smart retail solutions, with a presence in 49 countries. Working in partnership with its clients, which include many of the world's premier retail brands, Mainetti's sustainable products and solutions accelerates and enhances the sales process while controlling business costs. For more information, please visit www.mainetti.com.

For media enquiries, please contact:
Think Alliance Group
Henry Chow / Matthew Schultz
Tel: +852 3481 1161
Email: henry.chow@think-alliance.com / matt.schultz@think-alliance.com

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