Jumio buys Beam Solutions' AML platform to deliver identity verification, compliance solution

KUALA LUMPUR, Sept 30 -- Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, has acquired the anti-money laundering (AML) platform from Beam Solutions, a San Francisco-based startup focused on transaction monitoring and know-your-customer (KYC).

Jumio will integrate Beam's suite of AML solutions into its current KYX Platform to further strengthen the company's position in the anti-financial crime marketplace. Financial terms of the agreement were not disclosed.

Beam’s mission is to make the financial system safer by applying creative technological innovation to the detection and reporting of suspicious financial activity that facilitates money laundering, terrorism and human trafficking.

Jumio buys Beam Solutions' AML platform to deliver identity verification, compliance solution: Jumio buys Beam Solutions' AML platform to deliver

Digital Legal Exchange participates as digital transformation partner at TechLaw.Fest 2020

KUALA LUMPUR, Sept 29 -- The Digital Legal Exchange, a non-profit global forum, digital repository, and community of leading multinational companies committed to accelerating digital transformation in legal, has joined TechLaw.Fest 2020 as a digital transformation partner.

Exchange leadership and faculty are participating in the five-day virtual event beginning Sept 28, which convenes over 5,000 legal industry professionals, across 80 countries, to discuss disruption and innovation in legal operations, technology law and access to justice.

According to a statement, the TechLaw.Fest 2020 is jointly organised by the Singapore Academy of Law, MP International and the Ministry of Law, Singapore.

Digital Legal Exchange Executive Chairman, Mark A. Cohen will engage in a fireside chat with Professor Richard Susskind, Chair of the Advisory Board of the Oxford Internet Institute and Technology Adviser to the Lord Chief Justice of England and Wales.

The two highly respected legal industry leaders will discuss how COVID-19 has accelerated the reshaping of legal.

The discussion, The Future of the Legal World, will be moderated by Chief Transformation and Innovation Officer for the Supreme Court of Singapore, Tan Ken Hwee.

TechLaw.Fest 2020 will include more than 150 speakers from 25 countries. The conference will include several virtual live webcast tracks, on-demand recorded content, and interactive webcasts.

Throughout the event, attendees will have access to a virtual knowledge café where key speakers and industry leaders will host small group discussions on critical industry topics, and online networking and engagement opportunities.

Registration and details at https://www.techlawfest.com/

-- BERNAMA

Phoenix Software International releases update on Entrypoint with optional SDK

KUALA LUMPUR, Sept 25 -- Systems software development company, Phoenix Software International Inc, today released an update to its web and desktop-based data entry software suite, Entrypoint.

The new release, Entrypoint 16.1 includes an optional software development kit (SDK), allowing developers to extend the core functionality of Entrypoint using the Java platform to integrate new and existing applications with an Entrypoint Server through direct network client connections and plug-in extension components.

“While the built-in functionality of Entrypoint is extremely flexible and robust, putting development tools in the hands of our customers enables the software to be truly adaptable to, and tightly integrated with, existing processes and IT infrastructure,” said Phoenix Software International Entrypoint Product Manager, Brien Wienke.

Also new in this release is the ability to use re-key verify, a proven technique for improving data accuracy, through the web-based interface, for which the feature was previously only available in the desktop data entry client.

The Entrypoint SDK is an optional add-on to Entrypoint that enables the development of five basic project types such as, Entrypoint Clients, Batch Exporters, Report Generators, WS-API Call Handlers and EntrypointScript API Extension Objects.

The SDK documentation contains step-by-step instructions for creating, deploying and executing each type of project, according to a statement.

More details at https://www.phoenixsoftware.com.

-- BERNAMA

Nanotech opens Ultra-Precision Machining Process Development Center in North Carolina

KUALA LUMPUR, Sept 23 -- Moore Nanotechnology Systems (Nanotech), an ultra-precision machining systems supplier has announced the opening of its Ultra-Precision Machining Process Development Center in Concord, North Carolina.

According to a statement, the 3,500 ft² facility will employ Nanotech’s newest technology advancements, including next generation diamond-turning equipment, state of the art metrology and analysis tools, and hardware process-development activities.

The purpose of having the facility near the UNC Charlotte campus is to form a more collaborative relationship with Matt Davies in diamond-turning research and Chris Evans with precision metrology.

UNC Charlotte is recognised globally for its Center for Precision Metrology, and via the work led by Davies, their diamond-turning expertise is ranked amongst the best in the nation.

Nanotech President and Chief Executive Officer, Mark Boomgarden said: “Working closely with a US-based university like UNC Charlotte, that has expertise in both ultra-precision machining and metrology, provides a great opportunity for Nanotech to collaborate and advance our product and technology offerings.”

“Based on our research and experience manufacturing freeform optics, Nanotech is a global leader in the design, development and deployment of diamond-turning equipment,” said Davies, who currently serves as UNC Charlotte Mechanical Engineering and Engineering Science Professor.

He said having the Process Development Center closer to campus will make future collaboration that much easier.

-- BERNAMA

12 industrial projects worth 10 billion yuan inked during Shanghai’s Changxing conference

 KUALA LUMPUR, Sept 24 -- Twelve major industrial projects totalling nearly 10 billion yuan (US$1.48 billion) were recently signed at a conference to promote industrial economy in Shanghai's Changxing island, China. (US$1 = RM4.166)

A string of policies to boost high-quality development of the industrial economy in Changxing were also unveiled at the conference themed ‘new smart manufacturing, new driving force, and new start’.

The Changxing Industrial Park signed the 12 projects covering areas of marine equipment, smart manufacturing, new materials as well as energy conservation and environmental protection.

According to The Government of Chongming District in a statement, the park has 10 major industrial projects totalling around 12 billion yuan currently under construction.

The district government underscored three facades for Changxing's development for the next phase - embracing new smart manufacturing, playing up new driving force, and trailblazing a start for a new voyage.

The local industries should focus on the digitised, intelligent and green development of marine equipment and marine economy so as to be integrated into the industrial chain of the world’s marine equipment.

Covering 162 sq km areas, Shanghai's Changxing island is at the mouth of the Yangtze River. The island functions as a reservoir for the world's marine equipment, Shanghai's ecological water source and a destination for sightseeing.

-- BERNAMA

Flat Medical launches epidural safeguard ​EpiFaith® for Asia Pacific market

KUALA LUMPUR, Sept 22 -- Flat Medical Co Ltd, a MedTech company providing clinical safety solutions, has launched its flagship product, EpiFaith®, in the Asia Pacific market.

Following its United States and European launch announcement last year, the company has been devoted to supplying EpiFaith®, the visualised safety solution for epidural locating, to Western hospitals.

“Epidural is one of the most common procedures we do in our daily practice; most Asian anesthesiologists are good at performing it; colleagues here believe that they can do it easily with the current technique,” said National Taiwan University Hospital professor (Department of Anesthesiology), and medical consultant of Flat Medical’s advisory board, Dr Wei-Zen Sun.

“But the truth is it's not, PDPH and CNS injury in epidural is still a big problem, and, unfortunately, some colleagues chose to neglect the risk. We are happy that the product has finally been approved and launched here to eliminate the accidental dural puncture.”

According to a statement, during the recently held annual meeting of Taiwanese Society of Anesthesiologists, the company has announced its formal launch of EpiFaith® in the Asia Pacific market.

The company earns its first regulatory approval in Asia in the second quarter of 2020, from the Taiwanese FDA. It is also working with selected local partners in Australia, Japan, South Korea, India, and Vietnam to have EpiFaith® approved and launched in local markets.

-- BERNAMA

[INVNT Group]™ APAC Boosts Through The Line Offering With Three Hires And New Sydney Office

 News comes as INVNT celebrates third birthday in the region

SYDNEY, Australia, Sept 22 (Bernama-GLOBE NEWSWIRE) -- [INVNT GROUP], THE GLOBAL BRANDSTORY PROJECT™ today announces the appointment of Ee Chuan Fong (also known as “Peanut”), to the role of Creative Director for branded content studio and content marketing agency HEVĒ in APAC, Colin Burling Blake as Director of Strategic Accounts, [INVNT GROUP] APAC, and Tim Prosser, who joins as Senior Graphic Designer for global live brand storytelling agency, INVNT.

A former Volcom Creative Director turned Filmmaker, Peanut has delivered branded content and content marketing campaigns for brands including Sass & Bide, SAP, Barton Perreira and Samsung. In this newly created role, he is responsible for building out the GROUP’s HEVĒ offering throughout APAC, including driving the creative direction of all content and overseeing its production.

An accomplished business leader and marketer, Blake has held senior regional and global positions and advisory roles at brands including Nike, Coca-Cola, General Pants, MTV, Rdio Music and Viacom, to name a few. With broad strategic and business leadership skills across multiple sectors, he will leverage the experience gained over his 20+ year career to curate results driven solutions for potential and existing clients that utilise one, some, or all of the GROUP’s portfolio of brands.

INVNT’s design team adds another creative talent to its fold with the addition of Prosser, who joins from DDB Sydney and has worked on digital, print and OOH campaigns for brands including Virgin Australia, Volkswagen, McDonald's and Westpac.

The agency’s ongoing growth has prompted the move to a significantly larger space at The Chocolate Factory in Chippendale, the former home of MacRobertsons Confectionery Factory – the creators of Cherry Ripe, Freddo Frog and Old Gold chocolate. [INVNT GROUP] enlisted interior design firm Conscious Cribs to bring the converted warehouse space to life, where the focus was on incorporating warm, rich and natural textures to complement the building’s existing design features.

Today also marks three years to the day that INVNT’s first-ever employee in New York, Australian-born Laura Roberts launched INVNT in the region. In addition to the office move, over this period the agency has grown to 15 full-time staff complemented by an extensive freelancer and supplier network, delivered award-winning projects for clients including SAP, TEDxSydney and Xero, and expanded its offering with the launch of [INVNT GROUP].

Laura Roberts, Managing Director, [INVNT GROUP] APAC said: “We recognise the past six months have been incredibly challenging for all of us both professionally and personally, and we are very grateful to be in a position to relocate to larger premises and hire new talent.

“These strategic hires will enable us to grow the GROUP offering in APAC and diversify so that we provide not only engaging live physical and virtual experiences, but high-level brand strategy, branded content and content marketing, and consultative services around employee engagement. We recognise that transitioning to a through the line business is an important move not only due to COVID-19, but because more clients are seeking us out for integrated campaign solutions in the long-term.”

Scott Cullather, President & CEO, [INVNT GROUP] added: “This is an exciting move, as it represents our first official expansion of HEVĒ into APAC and continuation of the GROUP strategy to evolve and take shape ongoing. With Peanut, Colin and Tim’s proven experience in helping globally renowned brands develop and implement effective through the line marketing strategies, I am confident we’ll continue to design and deliver smarter, faster, more cost-effective solutions in the months and years to come.

“Decisions like these are always made with our clients in mind, and with [INVNT GROUP] our ultimate aim is to provide our services in better and faster ways, and in turn, deliver not only the best possible results, but value for money. Even as we grow, these values remain, and we’ll always be committed to operating as a big small agency.”

For images visit: https://bit.ly/3lMdI8J

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Singapore's Claritas to enter North American market via CAD$5 million licensing agreement

KUALA LUMPUR, Sept 22 -- Singapore-based Claritas HealthTech Pte Ltd (Claritas) and Labrador Technologies Inc (Labrador) have entered into an exclusive arm’s length software licence purchase agreement.

According to a statement, Claritas will enter the North American market via CAD$5 million agreement, dated June 28. (CAD$1 = RM3.105)

Pursuant to the terms of the Agreement, Labrador will issue sufficient shares such that the Proposed Transaction will constitute a Reverse Takeover (RTO) of Labrador under the policies of the TSX Venture Exchange (TSXV).

Upon the closing of the Proposed Transaction, it is expected that Labrador will continue to be a Technology Issuer on the TSXV and will be renamed as Claritas HealthTech Inc.

“With our iRAD platform successfully tested and continuing to be deployed across Asia, the next natural step is for Claritas to establish a presence in North America on account of the size and requirements of its medical imaging market,” said Claritas Co-founder and COO, Devika Dutt.

“The completion of the RTO will allow for the rapid deployment of our technology across North America, thereby furthering our mission to enable physicians globally to make more informed diagnostic decisions for the betterment of patients”.

Claritas is actively looking for potential takeover candidates in the telemedicine and virtual healthcare sectors, both in the regional and North American markets.

Besides the medical image processing and enhancement product iRAD, the company will soon be releasing several AI tools that will help clinicians in rapid and accurate detection of abnormalities.

-- BERNAMA

Jeff Miller appointed Synchronoss Technologies interim President and CEO

 KUALA LUMPUR, Sept 22 -- Synchronoss Technologies Inc has announced that its Board of Directors has appointed Jeff Miller as interim President and Chief Executive Officer (CEO), effective immediately.

In addition to his role as Chief Commercial Officer, Miller succeeds Glenn Lurie who has resigned as the Company’s President and CEO, and as a member of its Board of Directors, according to a statement.

Synchronoss Founder and Chairman of the Board, Stephen Waldis said: “The Board and I look forward to working with Jeff, our Chief Financial Officer David Clark and the broader Synchronoss management team to drive forward the ongoing transformation of Synchronoss.”

Miller joined Synchronoss in 2018 from IDEAL Industries, a firm focused on designing and delivering solutions for smart commercial buildings and spaces.

He welcomed the opportunity to work closely with the Board and management team to drive enhanced performance throughout the organisation, capitalise on strategic opportunities in the telecom and digital spaces and help position Synchronoss for its next stage of growth.

In parallel, Synchronoss is maintaining its 2020 guidance on EBITDA of US$20 million to US$25 million, as previously communicated in its second quarter earnings release dated Aug 10. (US$1 = RM4.13)

The Board of Directors will conduct an executive search to identify a permanent President and CEO.

Synchronoss Technologies is a global leader and innovator of cloud, messaging, digital and IoT products. More details at www.synchronoss.com.

-- BERNAMA

Singapore-headquartered Lightspeed launches Southeast Asia operations

KUALA LUMPUR, Sept 18 -- Multi-stage venture capital firm, Lightspeed Venture Partners (Lightspeed) has launched its Southeast Asia operations.

Headquartered in Singapore, Lightspeed will partner and support the region’s bold entrepreneurs building disruptive companies and deploy capital for its Southeast Asian investments from its global funds, where it has previously announced having raised US$4 billion, this year. (US$1 = RM4.122)

The firm has already invested in the region across regional super-app Grab; social commerce platform Chilibeli; B2B marketplace app Ula; and enterprise artificial intelligence software provider NextBillion.ai, among others.

“Southeast Asia is undoubtedly, one of the fastest-growing innovation ecosystems and we look forward to building deep, long-lasting relationships with founders and the broader tech community,” said Lightspeed Venture Partners, Founder and Managing Director, Ravi Mhatre.

Lightspeed will steer its Southeast Asian activities from its Singapore regional office. Its Southeast Asia team includes talent from around the region with a robust mix of operating and investing experience in regional unicorns and multinational firms.

According to a statement, the Southeast Asia team comprises Partner, Akshay Bhushan; Partner, Bejul Somaia; Vice-President, Pinn Lawjindakul; and, Senior Investment Associate, Marsha Sugana.

Over the last 20 years, Lightspeed has helped entrepreneurs in diverse industries scale into multi-billion-dollar companies including Snap (US), Nutanix (US), Pinduoduo (China), Manbang group (China), Grab (Asia), OYO Rooms (India), Udaan (India) and Byju’s (India).

-- BERNAMA

Apifiny-ECS Fin partnership to launch Roxe network pilot programme

KUALA LUMPUR, Sept 18 -- Apifiny, a fintech company that is building a new Internet of financial services, has announced ECS Fin will begin a pilot programme to test the integration of Apifiny’s Roxe instant settlement network.

The Roxe network is designed to save financial institutions significant time and costs by using blockchain technology to provide highly reliable, secure, and real-time clearing and cross-border settlement of payments and remittances, traditional assets and digital assets.

“Our partnership with ECS Fin can enable banks to remove barriers of time, geography, and currency so that financial value can move more reliably and much faster at much lower costs anywhere in the world,” said Apifiny Chief Executive Officer, Haohan Xu.

On the heels of The Office of the Comptroller of the Currency’s recent decision to allow banks to offer crypto custody services, the news is another step forward in the integration of traditional finance with decentralised technologies.

Apifiny is focused on connecting centralised financial institutions with decentralised networks to provide simple, fast, and flexible global trading, liquidity, and settlement solutions for trading institutions, digital asset exchanges and banks, according to a statement.

Through the Roxe global instant settlement network’s one-to-many connection, existing and future bank customers of ECS Fin will be able to subscribe to the Roxe network service bureau via ECS Fin’s IMS Platform.

In addition, ECS Fin will test the requirements to become one of the supernodes on Roxe Chain, the blockchain technology powering the Roxe network owned and administered by the Roxe Chain Foundation Limited.

-- BERNAMA

Lithium Werks sells Nanophosphate® cathode powder to lithium battery producers

KUALA LUMPUR, Sept 17 -- With immediate effect, Lithium Werks B. V. has announced the sale of its patented and proprietary, world leading Nanophosphate® powder.

This technology was originally developed by MIT, and then first commercialised by A123 Systems Inc. Lithium Werks has acquired rights to the game-changing, cobalt-free cathode material and is now willing to sell the Lithium Iron Phosphate (LFP) powder to lithium ion battery producers.

While other battery companies are currently trying to reduce the amount of cobalt in their lithium ion batteries, Lithium Werks has succeeded in eliminating not only cobalt, but the expensive and heavy metal nickel.

Nanophosphate® has been used and validated in over 10,000 hybrid electric buses on the road for millions of miles since 2014, as well as used in many other medical, industrial and energy storage products over the last decade.

In a statement, Lithium Werks is also open to granting licences of its LFP manufacturing process patents, which is a portfolio consisting of low-cost production methods to manufacture LFP cathode materials.

This patented process is universally recognised to be the most cost-effective method in manufacturing LFP cathode materials at scale. LFP is currently the world’s second most adopted cathode material for lithium ion batteries.

It is particularly relevant today as it does not contain any cobalt, and is known globally for its power, safety and long cycle life versus other lithium-ion cathode materials.

More details at www.lithiumwerks.com.

-- BERNAMA

MoEngage-Mixpanel partnership to allow personalised customer engagement

KUALA LUMPUR, Sept 17 -- MoEngage, the world’s fastest-growing customer engagement platform, and Mixpanel, the leader in product analytics, have announced a strategic partnership to help companies maximise customer engagement by delivering personalised experiences based on behavioural insights.

MoEngage enables customers to build an integrated mobile marketing and analytics stack by creating seamless integrations with leading players in the space.

According to a statement, MoEngage’s pre-built integrations help marketers and product owners access all actionable customer data across multiple systems when they execute omnichannel customer marketing campaigns.

“MoEngage is committed to building the richest and widest integrations with leading players in Analytics, CDP, Attribution, AI, and Conversational Assistants,” says MoEngage Chief Executive Officer, Raviteja Dodda.

“Mixpanel is a leader in Product Analytics; our integration with Mixpanel will enable our joint customers to improve data-driven personalisation capabilities and maximise marketing ROI.”

With the new two-way integration between both the platforms, product owners and marketers can leverage the cohorts built on Mixpanel to trigger AI-powered personalised messaging through MoEngage.

These cohorts are periodically refreshed with the most relevant users on Mixpanel and sent to the MoEngage platform.

At the same time, companies can also automatically sync campaign data from MoEngage to Mixpanel and measure the long-term impact of their campaigns on customer lifetime value.

-- BERNAMA

Anaplan new intelligence framework offers predictive forecasting, agile scenario planning

Anaplan PlanIQ with Amazon Forecast (Graphic: Business Wire)

KUALA LUMPUR, Sept 17 -- Anaplan Inc, a cloud-native platform provider, recently announced a new intelligence framework, delivering advanced Artificial Intelligence (AI) and Machine Learning (ML) capabilities for predictive forecasting and agile scenario modeling.

Designed to make advanced analytics more accessible, PlanIQ produces insights that are explainable and predictions that can improve the accuracy of plans and drive confident decision-making.

With PlanIQ, customers have flexible access to multiple intelligence techniques such as native predictive capabilities and seamless integrations with third-party ML-based systems, including a new integration with Amazon Forecast.

According to a statement, the new integration allows business users across finance, supply chain, HR and sales to deliver precise forecasts.

“With PlanIQ, Anaplan customers can operate their business using connected, forward-looking plans built on predictive forecasting and agile scenario modeling, turning the ability to move quickly into a competitive edge,” said Anaplan Chief Development Officer, Ana Pinczuk.

The new framework builds on Anaplan’s powerful foundation of predictive algorithms, embedded intelligence and analytics capabilities by placing AI, ML and advanced data science techniques in the hands of business analysts and operational leaders.

Anaplan PlanIQ can be deployed across functional and industry use cases such as Corporate, Business Unit and Operational Planning; Demand Planning; B2B Sales Planning; and, Workforce Planning.

Anaplan PlanIQ with Amazon Forecast is available for early adopters in October. More details at https://www.anaplan.com/

-- BERNAMA

Flywire offers secure payment experience for NTU Singapore international students

KUALA LUMPUR, Sept 17 -- Flywire has partnered with Nanyang Technological University, Singapore (NTU Singapore) to offer a fully integrated, digital payment platform for international students for Academic Year 2020/21, beginning Aug 11.

Flywire’s platform simplifies and solves the complex challenges of sending and receiving funds abroad to streamline NTU’s cross-border receivables management and allow significant cost efficiencies.

It provides NTU with a fully integrated and unified database for international student remittances and a common payment collection platform.

According to a statement, students and their parents can simply choose their preferred payment method – bank transfer, credit card or e-wallet, in their local currency, which is translated at competitive exchange rates – minimising unnecessary bank charges and delays.

Users will also have access to multilingual customer service 24 hours a day, seven days a week, with multiple channels of communication.

This collaboration with Flywire is NTU’s latest effort to adopt innovative solutions to improve student services and overall customer service while enhancing productivity.

NTU Singapore has been embarking on its administration digital transformation since 2018 to meet changing needs, streamline processes and enhance operational efficiency as part of its Smart Campus vision.

-- BERNAMA

Vista Global opens private jet fleet service to Ferrari international drivers

KUALA LUMPUR, Sept 17 -- Private aviation group, Vista Global will open its global private jet fleet to Ferrari drivers participating in the international GT races and Prancing Horse monobrand championships.

According to a statement, the new service will help Ferrari international drivers enjoy a safe and seamless flying experience with VistaJet and XO as they travel globally to compete in the races.

Vista Global opens private jet fleet service to Ferrari international drivers: Vista Global opens private jet fleet service to Fe

FUSIONEX PARTNERS WITH AISPORTZ, ROYAL SELANGOR TO LAUNCH MALAYSIA'S FIRST VIRTUAL FITNESS PLATFORM WITH LEE CHONG WEI

 

^{Fusionex Group CEO Dato' Seri Ivan Teh (left) and Former World No.1 Badminton Player Datuk Wira Lee Chong Wei at the Aisportz media launch event (Photo: Business Wire)}


KUALA LUMPUR, Malaysia, Sept 17 (Bernama-BUSINESS WIRE) -- Multi-award-winning AI and Big Data technology leader Fusionex announced that it has been selected as the strategic tech partner for Aisportz, Malaysia’s first virtual fitness platform. Fusionex will be powering Aisportz’s digital platform and enhancing the user experience for its users.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200916005322/en/

 

“Aisportz aims to make fitness accessible to everyone, everywhere and to achieve this end, we have made our goal-driven fitness program within reach for anyone regardless of fitness level,” said Aisportz CEO Vincent Siow during the launch event at Royal Selangor.

Aisportz has also brought onboard national badminton icon Datuk Wira Lee Chong Wei as their pioneer ambassador athlete.

“Datuk Wira Lee Chong Wei is our main motivator and we have plans to introduce more sports figures in the future. This way, Malaysians can get fit virtually alongside their favorite sports stars or even challenge their best results for fun,” said Siow.

Aisportz will be offering a series of fitness challenges for its members to perform and upload the results onto the website. The first of these is a 5km virtual run.

“Let’s beat my best time of 20 minutes,” said Datuk Wira Lee, before encouraging Malaysians to join Aisportz along with their family and friends in an effort to make fitness both a goal and a fun way of life.

Besides the fitness aspect, Airsportz also collaborated with Royal Selangor to create exclusive pewter Challenge Medals that can only be obtained by completing specific fitness challenges.

“Royal Selangor is proud to be the official medal partner of Malaysia's first virtual fitness challenge. We have designed 12 medals, one for each virtual challenge that will be awarded for completing the respective challenges. Each piece is hand-finished by a team of Malaysian artisans and when placed together, the 12 pieces form a giant shuttlecock,” said Royal Selangor Executive Director Chen Tien Yue.

In light of the new normal brought upon by the coronavirus pandemic, gyms, workout studios and indoor sports venues are not able to operate at full capacity due to social distancing restrictions. This unfortunate situation has made it difficult for people looking to maintain good health and wellness. To ameliorate this set of circumstances, the effective use of digital technology will allow people to continue exercising while staying safe.

Through the power of digital innovation, the platform will be able to overcome technical barriers and enable sports enthusiasts, both beginners and experts, to connect virtually and engage in physical activities. With a vision to give users the same experience they would enjoy in person, this partnership will shape a unique fitness journey for all who use the platform.

“I would like to commend Aisportz for launching this initiative as sport is a universal language that brings us together, to be healthier and happier. This virtual fitness platform is evidence of a brilliant confluence between the power of technology and the spirit of sports. As the technology partner, I believe that digital transformation will make health activities more engaging, fun and connected,” said Fusionex Group CEO Dato’ Seri Ivan Teh.

About Fusionex

Fusionex is an established multi award-winning data technology provider specializing in Analytics, Big Data, IR 4.0, Machine Learning, and Artificial Intelligence. Its offerings are focused on helping clients unlock value and derive insights from data. Featured on Forbes, Bloomberg, Gartner, IDC, Forrester, Edison and Huffington Post, Fusionex is the largest Big Data Analytics company and market leader in ASEAN, bringing state-of-the-art, innovative and breakthrough data-driven platforms to its stable of clientele (including Fortune 500, FTSE companies, large conglomerates as well as a wide array of small and medium enterprises (SMEs)) that spans across the United States, Europe as well as Asia Pacific. Fusionex is also an MDEC GAIN company as well as an MGS recipient.

Gartner’s 2018 report on Modern Analytics and Business Intelligence shortlisted and commended Fusionex’s data technology platform. In addition, Fusionex has been identified as a Major Player in IDC’s MarketScape Report for Big Data & Analytics. Fusionex is the only ASEAN-based company to be featured in both reports, cementing its credentials in the data technology market for this region.

To learn more about Fusionex, visit www.fusionex-international.com.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20200916005322/en/

Contact

Media Contact:
Nancy Baker
nancy@international-marketinsights.com

Source : Fusionex

​ANANTARA VACATION CLUB LAUNCHES NEW POINTSPAY PLATFORM FOR MEMBERS SEEKING MORE THAN JUST ACCOMMODATION

Anantara Vacation Club, Southeast Asia’s premier vacation ownership programme, has unveiled new web features to better meet the demands of travellers in the digital age.

Thailand, Sept 15 (Bernama-GLOBE NEWSWIRE) -- Anantara Vacation Club, Southeast Asia’s premier vacation ownership programme, has unveiled new web features to better meet the demands of travellers in the digital age. Through extensive development of in-house technology, Club Points Owners around the world may now enjoy greater flexibility, new package add-ons for stays, and an overall better user experience when planning their next holiday.

In July 2020, Anantara Vacation Club rolled out a new web-based PointsPay functionality that allows for the inclusion of holiday package add-ons when making online bookings. Previously only available by contacting Club Services directly, Club Points Owners can now choose to add daily breakfast inclusions, schedule private airport pick-up and drop-off, purchase resort credit, enjoy F&B special offers and more when making their booking via the Club website. With many international travel restrictions still in place, Club Points Owners with limited travel options now have more opportunities to make use of their points while further enhancing their stay.



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AM Best gives BIDV Insurance Corporation good Credit Ratings

KUALA LUMPUR, Sept 14 -- Global credit rating agency, AM Best has affirmed the Financial Strength Rating of B++ (good) and the Long-Term Issuer Credit Rating of ‘bbb’ of BIDV Insurance Corporation (BIC) Vietnam.

With a stable outlook of these Credit Ratings, it reflects BIC’s balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

According to a statement, the ratings also factor in a neutral impact from the company’s ultimate parent, the state of Vietnam.

BIC’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which AM Best expects to remain at the strongest level over the medium term.

Despite the company’s moderate dividend payout ratio over the past three years, retained earnings have remained sufficient to bolster shareholders’ equity and support business growth.

Other balance sheet considerations include the company’s reliance on reinsurance to support its underwriting capacity for large property and engineering risks, as well as to manage accumulation risks and catastrophe exposure.

AM Best assesses the company’s operating performance as adequate, as evidenced by a five-year average return-on-equity ratio of eight per cent (2015-2019). BIC’s combined ratio has trended lower over recent years, with a five-year average of 99 per cent (2015-2019).

AM Best expects prospective operating performance to remain at an adequate level; however, if the company’s underwriting performance deteriorates below a break-even position, or if robust investment returns are no longer achieved, pressure on this assessment could arise.

-- BERNAMA

NEW CLHS CAMERAS ENGINEERED FOR TRUE HIGH-PERFORMANCE IMAGE CAPTURE

Teledyne DALSA expands the Falcon4-CLHS camera portfolio with high-performance Teledyne e2v Lince 11.2M CMOS sensors

WATERLOO, Ontario, Sept 11 (Bernama-GLOBE NEWSWIRE) -- Teledyne DALSA, a Teledyne Technologies [NYSE:TDY] company and global leader in machine vision, is pleased to announce its new Falcon4-CLHS M4480 and M4400, based on the Teledyne e2v Lince 11.2M monochrome sensors. The new Falcon4-CLHS models deliver easy-to-use, CLHS interface cameras that have been specifically engineered for industrial imaging applications requiring high-speed data transfer. These models can reach multiple thousands of frames per second in partial scan mode, and when using the sensor’s binning mode, can reach a very large pixel full well capacity of over 160Ke.

“The new Teledyne e2v Lince 11.2M CMOS image sensors provide excellent performance and image quality for any machine vision applications that require true high-performance imaging,” said Manny Romero, Senior Product Manager at Teledyne DALSA. “With the addition of these latest Falcon4-CLHS models, we are now pleased to offer a variety of cameras ranging from the high-speed 11.2 M camera with a frame rate up to 609 fps in full resolution, to the high-resolution 86 MP camera with a frame rate up to 16 fps.

The Falcon4-CLHS leverages standard cabling technology such as CX4 and fiber optic (AOC) cables to maximize length and speed. Falcon4-CLHS cameras are engineered to deliver high-speed, dependable results for applications such as machine vision industrial automation, flat panel display inspection, semiconductor inspection, PCB-AOI (Automated Optical Inspection), aerial imaging, and general machine vision applications that require true high-performance imaging.


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International coal, high-end energy chemical expo fires up Yulin, China

 KUALA LUMPUR, Sept 11 -- The 15th Yulin International Coal and High-end Energy Chemical Industry Expo was recently held in Yulin, a pivotal energy city in Shaanxi Province, China.

Drawing over 400 exhibitors, the three-day expo beginning Sept 8, focused on environmental friendliness, intelligence, integration and sharing.

The exhibition was jointly organised by the CPC Yulin Municipal Committee, the People's Government of Yulin City and the China Council for the Promotion of International Trade Shaanxi Sub-council.

Representing well-known industry players from China and abroad, the expo covered many cutting-edge concepts such as smart digitalisation, smart manufacturing, transformation and upgrading, as well as clean and efficient use of energy.

According to a statement, the event also included 12 fora and sessions on topics including development of the high-end energy and chemical sector and intelligent innovation of coal mines and smart energy.

A total of 98 projects were signed off, attracting CNY 89.38 billion in investment and generating sales of more than CNY 5 billion. Additionally, transactions for a range of large-scale mining machinery and intelligent manufacturing equipment amounted to CNY 670 million. (CNY 100 = RM60.761)

It is estimated that by 2025-end, the proportion of high-end products in the Yulin chemical industry would have reached 25 per cent and the refinement rate would exceed 40 per cent.

-- BERNAMA

BRINGING NEW DIMENSION IN BENCHMARK ESTABLISHMENT WITH EBENCHMARK SYSTEM

 PETALING JAYA, Sept 11 (Bernama) -- eBenchmark, which was developed by the Malaysia Productivity Corporation (MPC), is a system that measures all types of indicators and offers its users the flexibility in measuring their organisational performance based on their intended purposes.

In 2019, MPC redeveloped this system, adding some new features to accommodate the varying requirements from its users and also making it more user-friendly system.

“For MPC, the next step is to aggressively promote the system, especially since we are in the era of digital transformation. We offer this online system to all industry players as one of the initiatives in digitalising our services. Through this system, MPC has also managed to conduct all sorts of benchmark surveys electronically, which eliminates the need to organise any physical data collection workshops,” said MPC Director General, Dato’ Abdul Latif Abu Seman.

A Community of Practices (CoP), which consists of organisations within similar or different industries who agreed to measure performance based on the selected indicators, must be established prior to the eBenchmark utilisation.

“One of MPC’s roles is to serve as the facilitator that enables the CoP members in utilising the system with minimum supervision. In fact, not only the system can be used to compare an organisation’s performance with other organisations, but also for internal comparison among branches and stations. This, in turn will initiate strategic plans for further improvement internally,” added Dato’ Abdul Latif.

eBenchmark can speed up the process of data collection and benchmark establishment as these are all done through the internet. An individual benchmark report will be automatically generated by the system that allows the organisation to compare its performance against all CoP members or branches in terms of benchmark value, average, minimum and maximum values as well as lower and upper quartile values.

Fully aware of the importance of data security, a password will be issued by the system to each CoP member that will protect their data from intentional or accidental destruction, modification or disclosure. To add more value to this service, MPC has also linked the system with the Benchmarking Online Networking Database (BOND), which allows users to explore a vast database on best practices of exemplary organisations for learning purposes. In future, the connection between both systems will be enhanced with inclusion of the Artificial Intelligence (AI) element that will accelerate the process of obtaining specific best practices information that reflects the eBenchmark findings.       

“More than 500 organisations from both private and public sectors have become CoP members and agreed to undertake continuous data collection and benchmark analysis using eBenchmark system. The tremendous commitment shown by all CoP members in optimising the system’s capability for performance gap identification was surprisingly unexpected. We are extremely pleased with this level of cooperation and will continuously use this approach that will help catalyse the broader transformation in boosting productivity performance at the firm level,” said Dato’ Abdul Latif.

Currently, MPC is closely collaborating with various trade associations, including the Malaysian Oleo-Chemical Manufacturers Group (MOMG) and the Malaysian Institute of Accountants (MIA), in helping a total of 70 CoP members which are grouped together on a voluntary basis for benchmarks establishment. Through this platform, participating companies are not only able to network widely, but can also gain valuable insights and think differently in scaling-up their productivity efforts and initiatives within their own companies.  

MPC is also planning to use the eBenchmark in producing the benchmark report of the participating companies for the Industry Excellence Award program under the purview of the Ministry of International Trade and Industry (MITI). The findings will then be presented to the council members, which will make the audit report more comprehensive and easier in identifying the winners. 

“We would like to encourage all industry players and government agencies to take part in this initiative as the system is not only capable of generating presentable benchmark reports automatically, but also provides a digital platform to share the best practices among the CoP members in a very convenient environment. The efforts to improve national productivity is not an easy feat to accomplish alone. Armed with the participation from the industry players, we believe that eBenchmark is another alternative that will help put our local enterprises on the right path in ramping up their productivity level,” Dato’ Abdul Latif concluded.  

About Malaysia Productivity Corporation (MPC)

Malaysia Productivity Corporation (MPC) is a statutory body under the Ministry of International Trade and Industry (MITI). MPC promotes productivity, quality and competitiveness to the industries and organisations in Malaysia. MPC's vision is to be the leading organisation in productivity enhancement for global competitiveness and innovation.

Released by MALAYSIA PRODUCTIVITY CORPORATION


SOURCE : Malaysia Productivity Corporation (MPC)

GenRay EXPLORER™ intelligence analytics tool for gas, power assets in South, South East Asia

KUALA LUMPUR, Sept 9 -- Genesis Ray Energy (Genesis Ray) has launched an intuitive online analytics tool enabling developers, investors and OEMs to screen, compare and evaluate gas and power assets in South and South East Asia.

According to the Singapore-based clean energy research company in a statement, the tool, GenRay EXPLORER™ is a first for the gas and power sector, combining intelligence and analytics in a single, GIS-powered visual platform.

The tool gives users real-time access to accurate and in-depth information on the current landscape, competitors and market dynamics, enabling commercial decisions about renewables and other clean energy projects to be reached quickly.

With GenRay EXPLORER, users can now bring their analytics in-house, saving time and money, while obtaining more sophisticated insights and improved risk-analysis, ensuring the right business decisions are made.

The tool has a dashboard that helps users draw intuitive insights from the data using interactive dynamic visualisations, including simple numeric metrics, tables and charts.

“This ground-breaking tool allows customers seeking to tap into the fastest growing renewables markets in Asia to have reliable and comprehensive insights at their fingertips, empowering them to make informed decisions about the future of their business”, said Genesis Ray chief executive officer, Irfan Choudhry.

GenRay EXPLORER currently covers assets of 650GW+ generation capacity, 33,000+ wind turbines, 425,000+ kms of transmission lines, and 35,000+ kms of natural gas pipelines.

GenRay EXPLORER is available under a Single/Multi-Year License that permits usage by multiple teams including planning, business development, strategy, finance and operations. More details at www.genesisray.com

-- BERNAMA

OPTICS BALZERS: LINEAR VARIABLE FILTER - A FLEXIBLE SOLUTION FOR DATA ACQUISITION IN LABORATORY TECHNOLOGY

Linear Variable Filters are an innovative and flexible solution for the technological demands of the fields of diagnostics and analysis.

BALZERS, Liechtenstein, Sept 8 (Bernama-BUSINESS WIRE) -- The current SARS-CoV-2 pandemic has made it abundantly clear how important it is to determine analytical laboratory values quickly and accurately. However, even in the days before the pandemic erupted, there was already a strong focus on laboratory equipment and processes. These should always be multifunctional and flexible, as a large amount of data must be collected in a short time. The results must then be analysed precisely to ensure accuracy and reliability.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200908005226/en/

 

Optical methods for information acquisition, e.g. based on spectroscopy, are indispensable in laboratory equipment. Fluorescence techniques such as labelling in marker technology are just one example of the integration of optical components in process analysis. The process spectroscopy division is growing continuously and the success factor lies in the segmentation of the products. However, it is precisely this segmentation and the associated specialization of laboratory equipment that poses a crucial problem in terms of cost structure. Despite the desire for diversity, the components used must allow for a certain flexibility. Only then is it possible to offer attractive and innovative solutions both in terms of technology and cost. Optics Balzers, as a globally recognized supplier of innovative coating solutions, has developed specific solutions for this market. For example, Linear Variable Filters (LVF) for use in laboratory analysis systems. Thanks to a special coating technology, these filters have a precisely defined spectral response.

LVFs have various features that can be customized and optimized according to the application. Optics Balzers offers various LVFs in the spectrum, from 300nm to the near-infrared range. The adjustable edge position of the transmission band can be adapted to the respective measurement task.

The combination of only two filters to form a bandpass filter that can be adjusted and tuned as desired represents an inexpensive alternative to buying a large number of individual filters. LVF therefore appears to be the method of choice for diagnostic systems that require a particular degree of flexibility.

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Proposed Group Capital Rule to boost HK insurance market - AM Best

KUALA LUMPUR, Sept 7 -- Global credit rating agency, AM Best believes Hong Kong’s proposed Group Capital Rule (GCR) will be beneficial to the group-wide risk and capital management culture of insurance entities.

A new Best’s Commentary, titled ‘New Group Capital Rule to Boost Hong Kong Insurance Market’, states the proposed regulation - set to augment current regulatory framework to allow Hong Kong’s Insurance Authority (IA) to monitor multinational insurance groups on a group basis - will enhance the regulator’s supervision of insurance holding companies.

According to a statement, the IA acts as the group supervisor to several multinational insurance organisations.

Currently, the IA takes an indirect approach that mainly involves continual fit and proper assessments of the insurance holding companies’ ability to manage their subsidiaries, as well as liaison and cooperation with other regulators of a group’s member operations.

AM Best notes the GCR will complement recent insurance regulatory headway in Hong Kong, such as implementation of risk-based capital and enterprise risk management requirements, and serve in the development of a more holistic and robust insurance supervision framework.

Additionally, the preferential treatment to capital solvency regimes between the China Banking and Insurance Regulatory Commission and the IA will foster greater mutual understanding between the two insurance supervisors.

For details, visit www.ambest.com.

-- BERNAMA

Aetina unveils NVIDIA Jetson-based platform AN810-XNX

KUALA LUMPUR, Sept 8 -- Aetina Corporation, which provides high-performance GPGPU and edge AI computing solutions, has announced the new AN810-XNX edge AI computer leveraging powerful capabilities of the NVIDIA® Jetson Xavier™ NX.

This edge AI computer provides various alternatives of I/O slot, nicely expanding its range of edge AI systems built on the Jetson platform for robotics, drone, UAV, industrial inspection, medical imaging and deep learning.

Aetina unveils NVIDIA Jetson-based platform AN810-XNX: Aetina unveils NVIDIA Jetson-based platform AN810-

Equity interests acquisition completed, MD Logistics is Nippon Express subsidiary

KUALA LUMPUR, Sept 3 -- Nippon Express Co Ltd (the Company) has completed the acquisition of entire equity interests in MD Logistics LLC and MD Express LLC (together MD Logistics) via the Company's US subsidiary, Nippon Express USA Inc.

According to a statement, MD Logistics’ trade names were MD Logistics Inc and MD Express Inc.

However, as previously announced, the two entities have been reorganised to LLC (Limited Liability Company) as part of the transfer procedure of equity interests.

MD Logistics, established in 1996, is a domestic logistics provider for the pharmaceutical and retail industries in the US, whose revenue for the fiscal year ending December 2019 was US$51 million (US$1 = RM4.141)

Under the internal management system that complies with licensing and guidelines with regards to the handling of pharmaceuticals, MD Logistics provides distribution processing operations.

Furthermore, MD Logistics also provides speedy collection and delivery services that cover the entire US.

By including MD Logistics into the Group as a subsidiary, Nippon Express acquired domestic logistics functions in the US, which accounts for about 40 per cent of global pharmaceutical demand and represents the largest consumer goods market in the world.

Going forward, the Company looks to provide integrated logistics services by combining the Group's international transportation network to support the globalisation of its customers' supply chains.

-- BERNAMA

Druva, fuelled by rapid cloud adoption, notches 100 per cent growth in APJ

KUALA LUMPUR, Sept 3 -- Cloud Data Protection and Management leader, Druva Inc has announced it is continuing to experience accelerated growth for its SaaS-based data protection solutions in Asia-Pacific and Japan (APJ).

As businesses of all sizes increasingly utilise the region’s rapidly expanding cloud resources to re-imagine business operations, Druva has grown its data centre workload revenue to more than 100 per cent in the last 12 months.

It has also helped over 135 leading enterprises, including Adani Wilmar (India), NTT DATA (Japan), McConnell Dowell (Australia), Gold Peak (Hong Kong) and UNIADEX Ltd (Japan) successfully navigate their digital transformation initiatives with the industry’s leading cloud data protection platform.

According to a statement, Druva is currently focused on further accelerating growth through 2020 as the region demands alternatives to aging hardware and software-based legacy solutions.

“As businesses in APJ adopt remote operating models, there is an urgency to adopt new technologies, maintain business continuity and secure organisational and dispersed workforce data,” said Druva Regional Vice-President (APJ), Pete Yamasaki.

“Regardless of the industry, sector or legacy, companies are turning to the cloud for the scale and technology it has to offer. Druva has successfully proven to businesses in APAC the value cloud data protection can offer, compared to traditional hardware-based architectures.

Druva, trusted worldwide by over 4,000 companies at the forefront of embracing the cloud, is a privately-held company headquartered in Sunnyvale, California.

-- BERNAMA

Vonage to enhance customer communications, safeguard Carousell’s platform against fraud

 KUALA LUMPUR, Sept 3 -- Vonage, a global leader in cloud communications, has been selected by Singapore-based online marketplace, Carousell to safeguard its platform against fraud and enhance the speed and efficiency of customer notifications.

Carousell, a leading consumer-to-consumer and business-to-consumer marketplace for buying and selling of new and second-hand goods, is using Vonage’s Verify API to implement two-factor authentication to validate accounts.

Using just a phone number, Vonage generates pin codes and employs SMS and voice channels to authenticate new and existing customers throughout Southeast Asia, Taiwan, Hong Kong, Australia, New Zealand and Canada, according to a statement.

Carousell is also using the Vonage SMS API to communicate with sellers and buyers, sending instant alerts whenever there are incoming enquiries and updates on their listings or interested items.

In addition to Singapore, the company has offices in Malaysia, Indonesia, Taiwan, Hong Kong, Myanmar, Vietnam, and the Philippines. With over 250 million listings, it is one of the world’s largest and fastest-growing marketplaces in Southeast Asia, Taiwan and Hong Kong.

The Vonage Communications Platform has more than one million registered developers and offers a full suite of programmable voice, video, messaging, and email services to forward-thinking businesses throughout the Asia-Pacific market and worldwide.

Vonage APIs allow developers to easily enhance and build innovative customer experiences directly into their existing applications and devices. Through its partners, Vonage’s platform is at the centre of many notable transformational projects in the region.

-- BERNAMA

Anantara Vacation Club offers domestic collections, financial relief for members globally

KUALA LUMPUR, Sept 2 -- In the wake of COVID-19, Southeast Asia’s premier vacation ownership programme, Anantara Vacation Club has expanded its presence in domestic markets and launched new initiatives to provide assistance to members (referred to as Club Points Owners).

In addition to a 50 per cent reduction in the amount of Points required to stay at select Club Resort properties until Dec 22, Club Points Owners can now enjoy reduced rates at new and existing Club Escape properties in Thailand (Anantara Hua Hin Resort, Avani+ Hua Hin Resort, and Avani Pattaya Resort & Spa).

This includes Malaysia (Anantara Desaru Coast & Villas and Dorsett Kuala Lumpur) and Australia (Avani Broadbeach Residences, Oaks on Market, Oaks WRAP on Southbank and Oaks Goldsbrough Apartments).

Anantara Vacation Club has also partnered with Travily, a digital travel company to provide access to new domestic properties in Hong Kong, the Philippines, South Korea, Taiwan and Japan.

For Club Points Owners residing in mainland China, The China Collection by Anantara Vacation Club offers over 15 new properties located across multiple regions, according to a statement.

In addition to new domestic collections, Anantara Vacation Club has also launched a series of relief programmes to provide support for Club Points Owners experiencing financial difficulties.

These include the ability to pay annual fees with Points, options to extend Points’ validity beyond 2021 and restructured payment plans. The Club is also working with Club Points Owners one-on-one, to develop customised solutions based on their individual needs.

-- BERNAMA

SPICE BECOMES FIRST DIGITAL SECURITY TO LIST ON FUSANG EXCHANGE

Historic Listing on Asia’s First Fully Licensed Digital Stock Exchange Will Usher in New Era of Liquidity for Digital Securities

SINGAPORE, Sept 2 (Bernama-BUSINESS WIRE) -- SPiCE VC, the leading venture capital (VC) fund in the Blockchain/Tokenization ecosystem, which has revolutionized the VC asset class as the first fully tokenized fund, announced today it will be the first digital security to list on Fusang Exchange, one of Asia’s first digital securities exchanges. The listing signals the accelerating growth of the digital security ecosystem, especially in the Asia-Pacific region of 3 bn people. The announcement also solidifies SPiCE VC’s leadership as the pioneer in the ecosystem creating the standards and partnerships which are delivering accessibility, predictability and security for investors in digital securities.

“This is an exciting moment for SPiCE, as well as the entire digital security ecosystem, as it marks yet another growth milestone,” said Tal Elyashiv, Founder & Managing Partner of SPiCE VC. “After a coordinated effort by SPiCE and Securitize to thoroughly test the technology integration and operational processes we moved to make SPiCE the very first digital security to list on Fusang. The barrier-breaking partnership will advance our mission to provide market participants more diverse investment opportunities and access to liquidity, and to further the digital revolution in capital markets.”

Most international investors, subject to the relevant jurisdictional regulatory constraints, will now have access to SPiCE via the Fusang Exchange (in addition to the current marketplaces listing SPICE). Fusang Exchange is a fully-licensed Securities Exchange in Labuan, Malaysia. The exchange facilitates the public listing of securities, exactly the same as the traditional exchanges. Fusang’s end-to-end solution, which serves both sophisticated and retail investors, offers digitally issued securities the opportunity to easily and securely list on the exchange – offering investors greater opportunities to unlock liquidity.

“We’re thrilled about the partnership with SPiCE VC and Securitize, two leaders in the digital securities ecosystem,” said Henry Chong, Fusang’s CEO. “We’re particularly excited that our first listed digital asset is a lucrative offering for investors. The world is quickly edging into a revolution that will move the financial markets to the digital age, and we remain steadfast in our mission to provide the institutional infrastructure for the digital asset economy in Asia.”

This latest announcement comes on the heels of SPiCE VC’s significant partnership with Coinbase Custody, which will provide safe, secure and regulated custody solutions for the digital security. These latest moves by SPiCE underscores the firm’s efforts to provide its investors wide exposure to the massive growth of the blockchain and tokenization ecosystem. As one of the pioneers of the industry, SPiCE has also played a significant role in the creation of the legal and regulatory framework that is used today. Since the fund’s first closing in 2018, SPiCE has achieved value appreciation of 65 percent, focusing on portfolio companies aiming to change the digital tokenization landscape. To learn more about SPiCE VC and its SPICE digital security, visit https://spicevc.com/.

ABOUT SPiCE VC:

SPiCE VC is a Venture Capital fund providing investors exposure to the massive growth of the blockchain/tokenization ecosystem. SPiCE invests globally in platforms and ecosystem providers enabling access to capital markets, banking, real estate, and other industries enhanced through Blockchain technologies. The fund focuses on companies who stand to benefit the most from the massive growth of the industry. Combining institutional know-how, hands-on management, entrepreneurial innovation and professional investment experience SPiCE’s management team has been involved in hundreds of tech funding rounds totaling billions of dollars; as entrepreneurs, investors, and executives. SPiCE is located in the US, Switzerland, and Singapore. To learn more about SPiCE VC visit www.spicevc.com or email Tal Elyashiv, Founder and Managing Partner, at tal@spicevc.com.

ABOUT FUSANG CORP (FSC)

Fusang Corp, established in 2014, is the first fully-regulated platform in Asia providing end-to-end infrastructure to support Security Token Offerings (STOs), allowing both retail and institutional investors to access the digital asset markets in a secure, compliant, and convenient way. Fusang Corp has issued all of its equity as digital shares (see fsc.fusang.co for our real-time blockchain-based cap table). For media enquiries, please contact: media@fusang.co.

ABOUT FUSANG EXCHANGE LTD

Fusang Exchange Ltd, a subsidiary of Fusang Corp, is licensed in Labuan, Malaysia as a Securities Exchange under Part IX, Section 134 of the Labuan Financial Services and Securities Act 2010 (LFSSA). Fusang Exchange is the first fully-operational stock exchange in Asia that allows for companies to go public through a digital IPO accessible by both retail and sophisticated investors globally. Fusang supports the trading of both digital securities and cryptocurrencies. For more information, visit fusang.co/exchange.​

View source version on businesswire.com:
https://www.businesswire.com/news/home/20200901005160/en/

Contact

Liz Whelan
liz@lwprconsulting.com
(312) 315-0160

Source : SPiCE VC

--BERNAMA