Reorganizing Hitachi High-Tech Solutions to Strengthen Capabilities for Solving Social Infrastructure Issues JCN Newswire

Reorganizing Hitachi High-Tech Solutions to Strengthen Capabilities for Solving Social Infrastructure Issues

TOKYO, Feb 16, 2023 - (JCN Newswire via SEAPRWire.com) - Hitachi High-Tech Corporation today announced the reorganization of Hitachi High-Tech Solutions Corporation on April 1, 2023, as part of the company's priority initiatives to realize 2024 Mid-Term Management Plan.Hitachi High-Tech Solutions aims to become a technology and solutions company that solves social infrastructure issues in broad sense including industrial sectors, with the power of sensing and control by focusing on the OT(1) business that provides solutions through measurement, control, and digital technologies, and the IS(2) business which focuses on railway inspection equipment.Through corporate divestiture(3), Hitachi High-Tech Solutions transfers its businesses that provide hard disk-/FPD(4)-related devices and laboratory solutions in the IS business unit, and the ICT(5) business that provide digital solutions using network/cloud services, ECM(6) and IoT(7), to Hitachi High-Tech, and the Hitachi High-Tech Group will continue to strengthen businesses aimed at solving social issues with our core Observation, Measurement, and Analysis.Creating Value in Social Infrastructure FieldsThe Hitachi High-Tech Group declared our intension to create societal issue-driven value through our "Sustainability 2030" declaration and formulated the 2024 Mid-Term Plan in FY2022 by using backcasting from our Stated Aims for 2030.As one of the major group companies, Hitachi High-Tech Solutions will focus efforts on fields where measurement, control, and digital technologies can be utilized to their fullest potential in OT business and aim to provide new solutions. Furthermore, in the IS business, the company will go on to increase the business value of our social infrastructure solutions by aiming to expand business areas from not only inspection equipment for railway tracks, overhead lines, and peripheral equipment, but also services including data utilization.Part of Hitachi High-Tech Solutions' businesses will be transferred to Hitachi High-Tech, with an eye to expanding the business and strengthening the management foundation by combining the technologies cultivated in fields such as hard disk inspection equipment and utilizing the digital human resources and capabilities cultivated in the digital solutions business.In order to create new value by strengthening existing businesses and business-creation capabilities, we will continue to strengthen our ability to flexibly respond to changes and be willing to change on our own. We will contribute to the realization of a sustainable society by solving social issues utilizing our strengths in Observation, Measurement, and Analysis.(1) OT: Operational Technology(2) IS: Inspection System(3) Corporate divestiture: In this corporate divestiture, the decision has been made without an approval resolution at the shareholders' meeting as allowed for in Japanese Corporate Law.(4) FPD: Flat Panel Display(5) ICT: Information and Communication Technology(6) ECM: Engineering Chain Management(7) IoT: Internet of ThingsAbout Hitachi High-Tech SolutionsHitachi High-Tech Solutions was established in 2014 through a consolidation of Hitachi High-Tech Trading Corporation and Hitachi High-Tech Solutions. We endeavor to solve customer issues and support their social and industrial activities by providing products and services based on core technologies, such as control, sensing, digital, and security technologies, as well as the ability to build infrastructure.In addition to instruments and control systems, industrial instruments, analysis systems, and various digital solutions, the company also manufactures and sells ICT-related equipment and systems, railway inspection business, hard disk inspection equipment, and more.For further information, visit www.hitachi-hightech.com/global/en/company/group/hsl/.About Hitachi High-TechHitachi High-Tech, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including manufacture and sales of clinical analyzers, biotechnology products, and analytical instruments, semiconductor manufacturing equipment and analysis equipment. and providing high value-added solutions in fields of social & industrial infrastructures and mobility, etc. The company's consolidated revenues for FY 2021 were approx. JPY 576.8 billion [USD 5.1 billion]. For further information, visit www.hitachi-hightech.com/global/en/.ContactChino, NishikawaCorporate Communications Dept., CSR Div.,Hitachi High-Tech CorporationTel : +81-80-9207-5949 Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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Three partners build a demonstration system for CO2NNEX for e-methane, a digital platform for visualizing CO2 emissions across e-methane value chain and transferring e-methane’s environmental value JCN Newswire

Three partners build a demonstration system for CO2NNEX for e-methane, a digital platform for visualizing CO2 emissions across e-methane value chain and transferring e-methane’s environmental value

TOKYO, Feb 15, 2023 - (JCN Newswire via SEAPRWire.com) - Osaka Gas Co., Ltd., Mitsubishi Heavy Industries, Ltd. (MHI), and IBM Japan, Ltd. today jointly announced that they have built a demonstration system (the "System," see Figure 1) for CO2NNEX for e-methane, a digital platform for visualizing the amount of CO2 emissions across the value chain of e-methane (methane synthesized with the methanation technology) and transferring e-methane's environmental value. CO2NNEX for e-methane is based on CO2NNEX, a digital platform being developed by MHI and IBM Japan for visualizing the CO2 supply chain. In conducting the PoC (Proof of Concept) of CO2NNEX for e-methane, the three partners will discuss and exchange views with the Japan Gas Association, Tokyo Gas Co., Ltd., Toho Gas Co., Ltd., and INPEX CORPORATION to identify effective ways to promote the use of e-methane and establish its environmental value.Figure 1: The System's web siteFigure 2: Visualization of CO2 emissionsFigure 3: Transfer of e-methane’s environmental valueUsing the System, this tripartite project aims to achieve the following: A system for managing the amount of CO2 emissions from its sources throughout the e-methane supply chain to provide the data of e-methane's quantified environmental value to gas users; A shared platform that digitally connects e-methane production sites to markets for trading and transferring the environmental value of e-methane, which will be blended with natural gas in the pipeline. The three partners pursue this initiative, aiming to contribute to the transition to a net zero society, which requires practical solutions as currently studied, such as CO2 accounting methods for CCU (carbon dioxide capture and utilization), including methanation, and the application of the accounting methods for e-methane, a recycled-carbon fuel.The System has been established as part of the partners' joint project for another PoC that has been underway since October 2022 utilizing CO2NNEX. For the System, the partners have developed a feature that visualizes the amount of CO2 emissions throughout the e-methane lifecycle, from production to transport, supply, and combustion (see Figure 2) and a feature that displays the balance of e-methane environmental value held by each participant and requests/authorizes the trading of the value (see Figure 3).The project plans to conduct the demonstration to examine the effectiveness and efficiency of utilizing CO2NNEX for e-methane while promoting a wider recognition of the System to collect feedback from academia, industry, and government. The partners intend to apply the PoC results to planned methanation demonstrations, aiming to realize the practical application of e-methane and contribute to achieving a carbon neutral society.About CO2NNEX for e-methaneCO2NNEX for e-methane quantifies e-methane's environmental value by tracking and managing CO2 emissions throughout the e-methane supply chain from production to supply, including transport, and combustion by each participant at each location. The project aims to build a shared platform that transfers and trades e-methane's environmental value.About methanationMethanation is a technology for synthesizing methane, the main component of natural gas, from hydrogen and CO2. The resulting product is known as e-methane. The use (combustion) of e-methane results in no effective increase in CO2 for society as a whole because CO2, which is normally emitted into the atmosphere, is captured and recycled for use in producing e-methane. Also, methanation is expected to be an economically efficient way of achieving carbon neutrality, with e-methane being distributed through the existing gas infrastructure and combusted in existing gas appliances, requiring no large-scale investment for constructing new energy systems or modifying the existing ones.About Osaka GasOsaka Gas announced the Daigas Group Carbon Neutral Vision in January 2021 for achieving carbon neutrality by 2050 mainly through the introduction of carbon neutral gas produced by methanation, decarbonization of its power sources primarily through the use of renewable energies and the reduction of carbon emissions. The company is also conducting a number of studies on developing methanation projects overseas - notably in Australia, South America, and Southeast Asia - for the commercialization of methanation technology.About MHIMHI Group is actively involved in programs targeting the realization of a carbon neutral society. Building a CO2 ecosystem is central to its energy transition initiatives. As a global leader in CCUS, the company aims to accelerate this ecosystem development by seeking widespread adoption of related hardware as well as the CO2NNEX digital platform.About IBM JapanApplying its experience in supporting numerous customers worldwide, IBM Japan accelerates the development of CO2NNEX by utilizing its blockchain technology enabling highly secure, transparent, and reliable data sharing; its hybrid cloud technology for building an agile and flexible IT environment linking a cloud and existing systems; and its AI technology enabling visualization, automation and optimization of a value chain.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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MEV Capital Partners with Marex Solutions to Offer On-chain Structured Products in DeFi SeaPRwire

MEV Capital Partners with Marex Solutions to Offer On-chain Structured Products in DeFi

London, the UK, February 13, 2023 - (SEAPRWire) - MEV Capital, a leading digital asset manager specializing in capturing value in the DeFi markets, and Marex Solutions, a renowned commodity broker and provider of OTC hedging solutions, announced their partnership to innovate and create new digital asset products.With MEV Capital's proficiency in DeFi and Marex's established reputation in the commodity markets, this collaboration is poised to pioneer novel and exciting opportunities for clients looking to diversify their portfolios and capitalize on the cryptocurrency industry.Harry Benchimol, Co-Head of Derivatives Engine at Marex Solutions, said, “We are thrilled to partner with MEV Capital and leverage their unique insight and market-neutral strategies in the DeFi space to provide a valuable offering to our clients. Manufacturing innovative derivatives with MEV Capital's expertise will allow both parties to create new products combining the best centralized and decentralized finance.”MEV Capital has been a prominent player in the DeFi space, specializing in on-chain yield strategies such as liquidity provision, statistical arbitrage, and carry trading. Their extensive experience and expertise in the DeFi market bring valuable insight and perspective to the partnership with Marex.The first financial instrument the two companies will collaborate on is a fixed-term DeFi-linked note on stablecoins. This structured product, a first-of-its-kind, will allow professional investors to benefit from the growth of cryptocurrencies while retaining a stable, national currency-linked exposure.Laurent Bourquin, Managing Partner of MEV Capital, said, “Our collaboration with Marex is a real leap forward for the institutionalization of DeFi. It will facilitate its access and anchor the positioning of digital assets as a new asset class for years to come.”MEV Capital has been successfully executing on-chain yield strategies for clients for over two years and is in the final stages of opening a dedicated DeFi market-neutral investment fund in the Cayman Islands.About Marex SolutionsMarex Solutions is a leading commodity broker and provider of OTC hedging solutions. With a reputation for staying ahead of the rapidly changing financial landscape, Marex continues to offer innovative products and services to its clients.About MEV CapitalMEV Capital is a digital asset manager specializing in extracting value from DeFi markets. The company's expertise in DeFi and on-chain yield strategies make it a valuable partner for clients looking to diversify their portfolios and benefit from the growth of the digital asset space.Media contactGytis TrilikauskisChief Operating OfficerMEV CapitalVilnius str. 31-9, LT-01402, Vilnius, Lithuania0037061278462 The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.comSectors: Top Story, Daily NewsSEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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Former Singapore Parliamentarian’s Swiss Digital Assets Company Receives Regulatory Approval

Calvin Cheng's Damoon Technologies has obtained membership status from the Swiss Financial Services Standard Association (‘VQF'), which is officially recognised by the Federal Financial Market Supervisory Authority (‘FINMA')This comes on the back of Cheng's Web3 Company obtaining the Virtual Asset License from the Dubai Virtual Asset Regulatory Authority (VARA)Damoon will offer crypto-fiat-crypto payment services, as well as a digital assets custodianZURICH, SWITZERLAND, Feb 10, 2023 - (ACN Newswire via SEAPRWire.com) - Singapore investor and former parliamentarian Calvin Cheng's Swiss company, Damoon Technologies (‘Damoon') has been granted membership in the Swiss VQF, joining the ranks of some of the world's leading digital assets businesses.The latest development officially opens the door for Damoon to establish a presence in Switzerland. Thedigital assets company is building a platform for users to engage in crypto- to-fiat payments and vice versa, as well as a digital assets custody service.VQF is the largest and oldest cross-industry Self-Regulatory Organisation (SRO) in the country and is officially recognised by FINMA, Switzerland's financial services watchdog.Damoon must now comply with Swiss anti-money laundering (AML) regulations. Thanks to this, the company is in a unique position to work with demanding clients and offer them a place that provides efficiency, security and regulatory clarity.Calvin Cheng commented, "I believe in the future of digital assets, but this has to be done in accordance with traditional finance's compliance standards. Switzerland is the pre- eminent global financial hub, and is the ideal place to base crypto-fiat-crypto financial services, as well as a trusted custodian."Recently, Damoon has also joined the Crypto Valley Association in Zug. "Crypto Valley Association are excited to welcome Damoon Technology and Mr. Calvin Cheng as members," said a spokesperson for the organization.Currently, Damoon is in the process of building its compliance and operational team in Zurich and Zug, Switzerland. The company expects to start operations by the end of Q2 2023.Earlier in 2022, Cheng's Web3 Holdings FZE was awarded the coveted provisional Virtual Asset License by VARA in Dubai, United Arab Emirates. The license granted similarly promotes greater customer assurance and risk protection.About Calvin ChengCalvin Cheng is currently the Chairman of Australia Stock Exchange (ASX) listed EdTech firm ReTechTechnology Co, which he led to an Initial Public Offering, together with leading investors from China.ReTech's shareholders include several co-founders of Alibaba, as well as founders of other leading Chinese tech companies.Cheng was a former appointed Member of Singapore's Parliament and a Young Global Leader of the World Economic Forum. He is also the Republic of Serbia's first Honorary Consul to the Republic of Singapore.For media inquiries and interview requests, please contact:Tang Hong Ee (Financial PR) (T) 6438-2990(E) hongee@financialpr.com.sg Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi to Strengthen Business Structure to Accelerate Growth through Digital, Green, and Innovation JCN Newswire

Hitachi to Strengthen Business Structure to Accelerate Growth through Digital, Green, and Innovation

TOKYO, Feb 2, 2023 - (JCN Newswire via SEAPRWire.com) - Hitachi, Ltd. (TSE:6501) today announced that as part of efforts to achieve the goals of the Mid-term Management Plan 2024, it will strengthen the business structure, effective April 1, 2023, in order to accelerate the growth of the Social Innovation Business, with a focus on digital, green, and innovation.1. Strengthening the Digital Business StructureTo accelerate the digital transformation for both customers and the Hitachi Group, Hitachi will establish the Digital Engineering Business Unit (BU) by integrating consulting, design, and digital engineering capabilities worldwide, including GlobalLogic Inc. Jun Taniguchi, the CEO of Hitachi Digital LLC, will hold a concurrent position as CEO of the BU, and it will resolve issues for customers and society and create new value by accelerating Lumada's cycle of value co-creation along with the Hitachi Group's various business divisions, further expanding the Social Innovation Business. Shashank Samant, Chairman of GlobalLogic, and Gajen Kandiah, CEO of Hitachi Vantara LLC, will hold respective concurrent positions as Executive Chairman and President of Hitachi Digital, which leads digital strategies for the entire Hitachi Group. With the addition of these two leaders to CEO Taniguchi, Hitachi Digital will accelerate the growth of the digital businesses worldwide. The Services & Platforms BU will also be reorganized to form the Cloud Services Platforms BU. In the rapidly growing cloud business field, this BU will further strengthen data management and storage solutions, which are Hitachi Vantara's strengths, and will strive to strengthen the competitiveness of the global cloud service and data management businesses, by leveraging expertise in mission-critical systems and IT platforms.2. Expanding Green BusinessChief Sustainability Officer Lorena Dellagiovanna will be appointed Senior Vice President and Executive Officer to further accelerate sustainability for the Hitachi Group as a whole. Vice President and Executive Officer Tadashi Kume(1) will be appointed Executive General Manager of Global Environment Business Group, which will lead the green business, while Ayumu Morita will be appointed General Manager. Megumu Tsuda will be appointed General Manager of Internal Environment Initiatives Division, which will lead environmental activities within the Hitachi Group. Under leadership of Chief Sustainability Officer, they will contribute to promoting green strategies both inside and outside of the Hitachi Group.In the Railway Systems Business, Giuseppe Marino(2), who drove the PMI following Hitachi's acquisition of AnsaldoBreda S.p.A. & Ansaldo STS S.p.A. will be appointed CEO of the Railway Systems BU and will strive to make Hitachi a top global player in the railway systems business by acquiring Thales' Ground Transportation Systems Business and promoting PMI. Andrew Barr, currently CEO of the BU, will be appointed Executive Officer in charge of Regional Strategies [EMEA] and President of Hitachi Europe Ltd., leading the regional strategies in EMEA including the green business. Meanwhile, Executive Vice President and Executive Officer Alistair Dormer will lead the Green Energy & Mobility Sector, which is at the core of the green business, furtherexpanding Hitachi's contributions to the environment through business on a global scale. 3. Accelerating the Creation and Promotion of InnovationsItaru Nishizawa will be appointed CTO, and General Manager of Research & Development Group, working alongside Masakatsu Mori, who will be appointed General Manager of Innovation Growth Strategy Division in leading the creation of innovations. Both have an extensive track record of research in the digital field, and will play a central role in supporting the future growth of the Hitachi Group by applying Web 3.0, the metaverse, and other cutting- edge technologies in the Lumada business and creating innovations in fields such as quantum computing, design cell, and hydrogen by backcasting from 2050.Business Structure as of April 1, 2023BU: Business Unit EVP: Executive Vice President SVP: Senior Vice President VP: Vice PresidentHitachi sees Diversity, Equity and Inclusion (DEI) as sources of innovation and engines that drive global growth. It assigns diverse talents to positions where they are able to make use of their unique knowledge and experiences, and to fully demonstrate their capabilities. With Lorena Dellagiovanna and Giuseppe Marino being appointed Senior Vice President and Executive Officer, and Chie Mashima being appointed Vice President and Executive Officer, as of April 2023, there will be a total of six female and non-Japanese executive officers, a record number for Hitachi. By actively appointing diverse talent, Hitachi will strive for further growth on a global scale.(1) Will be appointed Chief Quality Officer & Chief Manufacturing Strategy Officer(2) Currently serves as CEO of Ansaldo Energia S.p.A., outside of the Hitachi GroupAbout Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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GenTwo Continues Growth Story, New Inflows of Over US$1 Billion ACN Newswire

GenTwo Continues Growth Story, New Inflows of Over US$1 Billion

ZURICH, SWITZERLAND, Feb 1, 2023 - (ACN Newswire via SEAPRWire.com) - The international securitization specialist GenTwo celebrates its 5th anniversary and looks back on a fast-paced development. In 2022 the number of new products increased by 60% and international business doubled. The business momentum of GenTwo and its subsidiary GenTwo Digital has progressively picked up since the company was founded 5 years ago in February 2018. The products issued on its platform recorded over USD 1 billion in new inflows, resulting in a surge in assets under services growth to USD 2.5 billion as of today, despite the challenging market environment in 2022. The number of new products increased by 60% to a total of 900. This impressive growth underpins the ongoing high level of interest in alternative and digital investments among institutional clients around the world and Gen Two's expertise to provide flexible portfolio structuring for investors. "We were able to broaden our customer base once again in 2022 nationally and are currently servicing clients in over 25 countries. The number of clients grew by almost 50%, even 100% on an international level," says Philippe A. Naegeli,Co-Founder, and CEO. This success is also based on a solidly developed and diverse workforce with an above-the-industry F/M gender ratio of 35:65, with 21 nationalities, totaling up to 70 employees. Patrick Loepfe, Founder and Chairman of the Board says, "A 2022 highlight was the extension of the offering for financial intermediaries to retail investors. This move will transform the market for alternative and digital investment products and marks another pioneering achievement for GenTwo." The main focus of 2023 remains on the continuous improvement and build-out of the service platform and its further digitization and client-centric automation. Additionally, the company pursues its international growth strategy by further internationalizing its customer base, onboarding more financial institutions onto its platform, and growing its ecosystem for investors and innovators.About GenTwo and GenTwo Digital Zurich-based innovative securitization specialist GenTwo has invented a new generation of financial products. The company creates securitization platforms for asset managers, banks, family offices and venture capital investors, enabling professional investors to easily invest in bankable and previously non-bankable assets. The focus on off-balance sheet investment products solves the problem of declining margins and growth barriers for many financial market participants. New performance potential emerges through granting access to a theoretically unlimited world of asset classes. Institutional investors can use GenTwo's securitization solution to realize their own product and business innovations, to make any type of assets investable and to help shape new, sustainable markets. Private investors in Switzerland can now also benefit from these innovative products via their financial intermediaries, thereby giving GenTwo the opportunity to open and expand its customer base to retail investors.About GenTwo Digital GenTwo Digital is based in Crypto Valley in Zug, Switzerland. The subsidiary of GenTwo enables professional investors around the world, and now also private investors in Switzerland, to securitize all digital assets, including crypto assets, in securities on the traditional financial market via their financial intermediaries. www.GenTwo.comContact GenTwo Simone C. Drill Chief Marketing & Communication Officer media@gentwo.com +41 79 207 33 49 Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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GlobalLogic to Open New Digital Engineering Centers in Spain JCN Newswire

GlobalLogic to Open New Digital Engineering Centers in Spain

SAN JOSE, CA, Jan 17, 2023 - (JCN Newswire via SEAPRWire.com) - GlobalLogic Inc., a Hitachi Group company and Digital Engineering leader, today announced plans to open new engineering centers across Spain. The announcement was made by Nitesh Banga, President and CEO of GlobalLogic, during a meeting with the Spanish Prime Minister Pedro Sanchez.The Spanish Prime Minister Pedro Sanchez receives GlobalLogic CEO Nitesh Banga.GlobalLogic specializes in digital engineering: combining experience design, complex software engineering, and data engineering to address its clients' needs for transformative services. The Spain centers will represent GlobalLogic's first sites in Southwest Europe, adding to more than 20 existing EMEA locations across 9 other countries. They will be charged with providing design-led digital engineering services to global and Spanish clients in both on-site and off-site support models depending on customer location and need.To meet robust demand for digital engineering and transformation, GlobalLogic has been steadily expanding its footprint with the introduction of new centers and the acquisition of strong digital engineering firms in strategic hubs around the world. Spain emerged as a key location for GlobalLogic, inspired by the government's public commitment to the digital transformation of its economy laid out in the Digital Spain 2026 (Espana Digital) agenda and their ongoing programs to attract technology firms to invest in the country. Establishing a footprint in Spain provides GlobalLogic access to the country's highly capable software engineering talent. It also enables the company to bring its unique digital engineering capabilities, best practices, and industry expertise to top Spanish brands seeking experienced partners for their digital transformations."Spain is committed to an inclusive and humanistic digitalization relying on public-private partnerships. Investment projects of this scale are key to accelerating the digital transformation," said the Spanish Prime Minister."We are thrilled to expand our operations into Spain," said Nitesh Banga, President & CEO, GlobalLogic. "To be able to plant roots in a country that publicly embraces digital transformation, and to harness the exceptional talent in Spain to meet our shared objectives is incredibly exciting. Further, we are grateful for the warm welcome and incredible support of Prime Minister Pedro Sanchez's administration throughout the process. I envision great things to come from our investments here."GlobalLogic established its legal entity in Spain in 2022. The company's expansion strategy includes both organic growth as well as actively looking at growth opportunities through acquisition within the country. For its Spain operations, GlobalLogic is considering several target cities including Valencia and Malaga for a 2023 launch, with Madrid and Tarragona on the long-term roadmap. Looking to build a strong technology workforce, the company will seek to hire Software Architects and Engineers, Designers, Data Scientists, and other high-skilled professionals. GlobalLogic anticipates creating a workforce of up to 2,500 to 3,000 professionals over the next 3 years through local hiring and potential acquisitions.GlobalLogic is a Hitachi Group company and will join other Hitachi companies with established presence in Spain including Hitachi Ltd., Hitachi Energy, and Hitachi Vantara among others.About GlobalLogic Inc.GlobalLogic (www.globallogic.com) is a leader in digital engineering. We help brands across the globe design and build innovative products, platforms, and digital experiences for the modern world. By integrating experience design, complex engineering, and data expertise - we help our clients imagine what's possible and accelerate their transition into tomorrow's digital businesses. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending our deep expertise to customers in the automotive, communications, financial services, healthcare and life sciences, manufacturing, media and entertainment, semiconductor, and technology industries. GlobalLogic is a Hitachi Group Company operating under Hitachi, Ltd. (TSE: 6501), which contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business.About Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at www.hitachi.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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1MetaWorld forms JV with FAME Universe to deliver immersive metaverse fashion experience ACN Newswire

1MetaWorld forms JV with FAME Universe to deliver immersive metaverse fashion experience

SINGAPORE, Jan 17, 2023 - (ACN Newswire via SEAPRWire.com) - Platform aggregator 1MetaWorld has entered into a joint venture agreement with Seoul-based FAME Universe to support fashion designers and digital creators to create, launch, sell and produce their own digital fashion NFTs in connection with physical garments and real-world experiences.Interactive digital fashion assets by 1FAME's Meta StudioBased in Singapore, the new joint venture 1FAME seeks to support the fashion industry's fight against counterfeiting with Web3 innovation, leveraging NFTs as unique tokens of authenticity and trusted tools for Metaverse e-Commerce and authentic real world experiences."Backed by the ONERHT network of professional services, 1FAME will continuously develop its 'phygital' business model by applying innovative Web3 solutions to the world of fashion, and leverage on 1MetaWorld's trusted and secured institutional grade transaction platform with curated community lifestyle privileges. This innovation will enhance the development of the fashion industry from Web3 into the Metaverse as well as solve current problems of fraudulent trading and counterfeiting," said 1MetaWorld Chairman, Mr Tan Chong Huat.In collaboration with fashion designers, 1FAME's Meta Studio digitises designs into interactive digital fashion assets. New collections become a reality through crowdfunding on the 1FAME Fashion Launchpad. The digital garments are then minted as NFTs and secured in the owner's digital wallet to be worn on avatars in the Metaverse or traded on the 1FAME Marketplace.Ownership of 1FAME Fashion NFTs grants exclusive access to immersive and experiential benefits for fashion enthusiasts and collectors, including advanced access to limited fashion NFT drops, delivery of the physical garment, VIP invitations to real world and Metaverse fashion events as well as meet and greet sessions with influential designers."1FAME will provide a hyperconnected platform for ecosystem players and stakeholders to co-create authentic fashion verified by blockchain, with strong intellectual property protection and immense potential for monetisation and gamification," said 1FAME Chief Executive Officer, Mr James Hong.FAME Universe has successfully collaborated with South Korean designer brands such as SYZ and VLEEDA, leveraging the popularity of the Korean Wave creative ecosystem. Through 1FAME, more renowned brands will be introduced in the next season of 1FAME Fashion Launchpad set for release in 1Q2023.About 1FAME1FAME is a Hyper Connected Fashion NFT protocol that lets fashion designers and digital creators create, launch, and sell their own NFTs that lets participants to trade and play with their NFTs freely.Official Website: https://www.onefame.xyz Telegram: https://t.me/+zISibUWfLKw5Y2E1Discord: https://discord.gg/N2d7gsM7dxTwitter: https://twitter.com/fame_metaverseInstagram: https://www.instagram.com/x______fame/Medium: https://medium.com/@fameuniverseAbout 1MetaWorldFounded by the ONERHT professional services network, 1MetaWorld aims to be the gateway for investors, consumers, and service providers in the Metaverse. It seeks to provide a secure transaction platform and curated lifestyle privileges for consumers and investors, as well as empower service providers with a plug-and-play secured mechanism to access opportunities in the Metaverse.For media enquiries, please contact:Elliot Siow / elliot@waterbrooks.com.sg / +65 8375 0417 Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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It’s GoTyme: Mambu enables Tyme Group to ‘lift and shift’ South African TymeBank digital banking concept into Asia SeaPRwire

It’s GoTyme: Mambu enables Tyme Group to ‘lift and shift’ South African TymeBank digital banking concept into Asia

SINGAPORE, January 17, 2023 – (SEAPRWire) – Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu to deliver an innovative digital banking solution that is aiming to improve access to high-quality financial services for Filipinos. Singapore-based Tyme Group, which has partnered with Gokongwei Group to launch GoTyme Bank in the Philippines, has had a long-standing relationship with Mambu, with the organisations working together for many years in South Africa, where Mambu powered South Africa’s TymeBank to transition into a fully-fledged digital bank. Nate Clarke, President and CEO of GoTyme Bank, said: “With the knowledge gained from transitioning TymeBank in South Africa to a fully digital bank, we knew we needed GoTyme Bank to be ‘born in the cloud’ in order to have the capacity to scale efficiently, so Mambu’s SaaS cloud-native, API-first banking platform was the obvious choice for us. We understood what the Mambu platform was capable of and we were confident it would enable us to ‘lift and shift’ the TymeBank digital bank concept from South Africa to the Philippines, a market very similar in some ways, but very different in others, particularly in terms of the regulatory landscape.” In a similar approach to TymeBank in South Africa, GoTyme Bank in the Philippines offers next-level digital banking services via kiosks set up in retail outlets belonging to Robinsons Retail Holdings Inc under the Gokongwei Group. GoTyme Bank will have 348 kiosks in operation by the end of 2023. These GoTyme kiosks, which will be opened right across the country, will enable access to secure, convenient and high-quality financial services to the millions of Filipinos who are currently excluded from the formal banking system. Continued Clarke: “Access to electronic payments has radically improved over the past few years in the Philippines, but access to basic accounts is only the beginning of what is required. Today, less than 3% of Filipinos have access to affordable credit such as a credit card, less than 3% have access to insurance, and less than 3% have access to high yield investments such as stocks. Every year, millions of smart, employed Filipinos fall short of their potential because they do not have access to high-quality banking products. At GoTyme Bank, we are here to unlock the financial potential of all Filipinos through next-level banking.” William Dale, Regional Vice President APAC at Mambu, added: “TymeBank in South Africa has proven to be incredibly successful in serving a customer base with similar levels of financial exclusion as the Philippines. Mambu and Tyme Group’s prior experience working together meant that we truly hit the ground running in the Philippines and didn’t need to ‘reinvent the wheel’ in a lot of instances. The result is an innovative, unique, and customer-centric digital bank that has been designed specifically to meet the needs of Filipinos. Like Tyme Group, our focus with everything we do is making banking better for everyone and improving access to financial services, so this partnership is rewarding on many levels.” Products and services on offer to customers via GoTyme Bank at launch include a free Visa debit card for in-person and online purchases, bank transfers via the mobile app, and a valuable rewards program, Go Rewards, via partner Robinsons. Enabling digital transactions is of particular importance to Filipino customers, with the Philippines identified as one of the world’s leaders in the digitisation of financial services, as reported by the Philippine News Agency. This increase in digital transactions has been driven both by the pandemic and by Bangko Sentral ng Pilipinas (BSP)’s commitment to reaching 50 per cent of total transactions being digital by 2023. Christopher Bennett, Chief Technology Officer at GoTyme Bank concluded: “With the Mambu / Tyme Group digital banking model now proving successful in two countries, planning is underway to launch similar digital banks in other parts of Asia. Powered by Mambu’s world-class cloud banking platform, we want to see our customer-centric digital banking concept have a positive impact on financial inclusion right across the Asia Pacific region. “By utilising Mambu’s cutting-edge platform and leveraging the country-wide reach of the Gokongwei Group’s ecosystem, GoTyme Bank has the unique opportunity to become deeply integrated into the lives of Filipino consumers.” GoTyme Bank will roll out a number of innovative new products and services through the banking app in the coming months. _ ENDS _ Media contact: rachel@crystalclearcommunications.com.au About Mambu Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu has 900 employees that support 250 customers in over 65 countries – including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, OakNorth, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank. www.mambu.com About GoTyme Bank GoTyme Bank, is regulated by the Banko Sentral ng Pilipinas and is a joint venture of the Tyme Group, a multi-country digital banking group, with members of the Gokongwei Group of companies, namely Robinsons Bank, Robinsons Land Corporation, and Robinsons Retail Holdings, Inc. GoTyme Bank aims to unlock its customers’ financial potential with the convenience and security of digital banking. With a high tech-high touch approach, GoTyme Bank combines the ease of immediate account opening with a personalised debit card released through kiosks located in shopping malls throughout the Philippines, plus the power of self-serve financial solutions accessible through an intuitive “all in one” banking app. These, along with other industry-leading offerings, set GoTyme Bank on-track to revolutionise banking in the Philippines. The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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Coinbase and GenTwo Digital announce partnership for custody and execution ACN Newswire

Coinbase and GenTwo Digital announce partnership for custody and execution

ZURICH, SWITZERLAND, Jan 16, 2023 - (ACN Newswire via SEAPRWire.com) - GenTwo Digital, the Zug-based subsidiary of GenTwo AG, today announces a partnership with Coinbase, the publicly-listed cryptocurrency platform. GenTwo Digital, the leading provider of innovative securitization platforms is herewith extending the investment universe on digital assets for professional investors. This allows all Coinbase crypto assets to be wrapped in bankable financial investment products and enables financial intermediaries to issue innovative certificates such AMC's (Actively Management Certificates). Any financial intermediary can create white labelled investment products in collaboration with GenTwo Digital and execute via Coinbase's platform. Lucas A. Ereth, Managing Partner, GenTwo DigitalLucas A. Ereth, Managing Partner GenTwo Digital, says: "Through this partnership, GenTwo and Coinbase are not only providing a secure institutional gateway to crypto assets, but also helping GenTwo to fulfil our mission of expanding the investment universe, while creating a more open financial system for the world."Coinbase is the leading online platform for buying, selling, transferring, and storing cryptocurrency and was founded in 2012. Coinbase Prime is the leading institutional prime broker platform for crypto assets. It is a fully integrated platform built specifically for institutions to support the entire transaction lifecycle including advanced multi-venue agency trade execution for 200 assets, custody for more than 360 assets, financing, staking and staking infrastructure, data and analytics, and reporting. Institutions can access Coinbase Prime directly via a user interface or as an integrated platform via APIs to offer crypto related products such as ETPs and ETFs, custodial solutions, or brokerage for their institutional, private wealth, and retail clients."We're excited to collaborate with GenTwo to enable any authorised financial advisor and financial intermediary in Switzerland to provide access to crypto underlyings to their clients via passive and actively managed certificates. These instruments will benefit from execution services through Coinbase multi-venue execution platform, and assets will be held 1:1 in segregated cold-wallets for optimum security," said Guillaume Chatain, Head of EMEA Institutional Sales at Coinbase. Coinbase Institutional powers the world's largest and most sophisticated institutions including BlackRock, Google, Wisdom Tree, 21 Shares, Grayscale, PIMCO, Brevan Howard Digital, Invesco, GSA Capital, Lakestar, and Millennium Global.About GenTwo AG and GenTwo DigitalZurich-based innovative securitization specialist GenTwo has invented a new generation of financial products. The company creates securitization platforms for asset managers, banks, family offices and venture capital investors, enabling professional investors to easily invest in bankable and previously non-bankable assets. The focus on off-balance sheet investment products solves the problem of declining margins and growth barriers for many financial market participants. New performance potential emerges through granting access to a theoretically unlimited world of asset classes. Institutional investors can use GenTwo's securitization solution to realise their own product and business innovations, to make any type of assets investable and to help shape new, sustainable markets. Private investors in Switzerland can also benefit from these innovative products via their financial intermediaries, thereby giving GenTwo the opportunity to open and expand its customer base to retail investors. GenTwo Digital is based in Crypto Valley in Zug, Switzerland. The subsidiary of GenTwo enables professional investors around the world, and now also private investors in Switzerland, to securitize all digital assets, including crypto assets, in securities on the traditional financial market via their financial intermediaries. Media contact GenTwo: Simone C. Drill, Chief Marketing & Communication Officermedia@gentwo.com +41 79 207 33 49www.gentwo.com About CoinbaseCoinbase is building the cryptoeconomy - a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, we offer a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Coinbase is listed on Nasdaq under the ticker symbol COIN. Media contact Coinbase: MaryKate Collins, EMEA Communications press@coinbase.com +353 83 204 5224www.coinbase.comSource: https://cms.gentwo.com/uploads/Gen_Two_Coinbase_EN_docx_8f9dc215fd.pdf Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Preservica Announces Partnership with Australia’s DatacomIT to Preserve and Future-Proof Access to Critical Long-Term Digital Information ACN Newswire

Preservica Announces Partnership with Australia’s DatacomIT to Preserve and Future-Proof Access to Critical Long-Term Digital Information

BOSTON, MA, OXFORD, UK and MELBOURNE, AU, Jan 12, 2023 - (ACN Newswire via SEAPRWire.com) - Preservica, a global leader in Active Digital Preservation archiving, announced today their partnership with Australia's DatacomIT, a leading provider of specialised digitisation and hosted solutions for digital collections.This partnership enables a seamless approach between digitisation and long-term Digital Preservation, with DatacomIT specialising in the conversion of analog materials to digital formats. Those who are already investing in digitisation will now be able to protect that investment by ensuring it is accessible, meets compliance and legal requirements, and is readable now and in the future with Preservica's Digital Preservation solution."DatacomIT is excited about our new partnership with Preservica," shared Eamonn Donohoe, General Manager, DatacomIT. "We can now offer our clients a one stop shop, from digitisation to Digital Preservation, and assist organisations to develop curation and preservation strategies. This partnership underpins our role as Australia's industry leader in digitisation and Digital Preservation, fulfilling our mission of securing the past for the future."DatacomIT will offer consultation and implementation of Preservica's cloud-hosted editions, which are changing the way organisations around the world future-proof and access critical long-term digital information. Preservica's seamless application will bring together all the core elements of successful long-term Digital Preservation - durable storage, file format updates, and secure immediate access.With over 40 years of experience offering digitisation solutions to cultural institutions, DatacomIT is a recognised leader in the GLAM sector, providing digitisation and Digital Preservation services for galleries, libraries, archives, and museums. Utilising proven leading-edge technologies, DatacomIT has established long-standing credibility within the archives and digitisation industry, preserving rare and fragile cultural heritage material including books, microfilm, microfiche, photographs, negatives, slides, maps, and large format material."We are delighted to offer Australian institutions an affordable and scalable way to preserve, curate and share their digital collections that document the vibrant history of the region," said Mike Quinn, CEO, Preservica. "DatacomIT customers can now confidently go from scanning to safeguarding digital content. We welcome them to our growing global user community that is choosing this holistic approach we call Active Digital Preservation."Preservica's partnership with DatacomIT is the latest in their international momentum, having recently announced new government customers in Ireland, the Netherlands, and the UK.Follow Preservica on Twitter ( https://twitter.com/preservica ), LinkedIn ( https://www.linkedin.com/company/preservica ) and Facebook ( https://www.facebook.com/Preservica ) to stay up to date and learn how to register your interest.About PreservicaPreservica is transforming the way organisations around the world protect and future-proof critical long-term digital information. Available in the cloud (SaaS) or on-premise, our award-winning Active Digital Preservation software has been designed from the ground up to tackle the unique challenges of ensuring digital information remains accessible and trustworthy over decades.It's a proven solution that's trusted by thousands of businesses, archives, libraries, museums and government organisations around the world, including the UK National Archives, Texas State Library and Archives, MoMA, Yale and HSBC. www.preservica.comTwitter: @PreservicaLinkedIn: @PreservicaMedia ContactAleeza GoodmanYork IEaleeza@york.ieSOURCE: Preservica Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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GlobalLogic Acquires Hexacta, an Innovative Digital Engineering Firm in Latin America JCN Newswire

GlobalLogic Acquires Hexacta, an Innovative Digital Engineering Firm in Latin America

SAN JOSE, CA, Jan 6, 2023 - (JCN Newswire via SEAPRWire.com) - GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic's continued strategy to expand its offerings, and its roster of exceptional engineering talent to meet the strong market demand for digital engineering services. For more than 20 years, Hexacta has successfully delivered high-quality software development, IT consulting, UI/UX design, and data engineering and analytics services. Hexacta's customer centricity and expertise across all phases of the software engineering lifecycle have resulted in a highly satisfied client base of globally renowned brands.Organizations continue to invest in building new digital products, platforms, and experiences to better engage customers, create new revenue streams, and become more sustainable. This continued transformational wave creates a strong demand for digital engineering--as provided by GlobalLogic and Hexacta. Through the acquisition of established software engineering firms with skilled team members, GlobalLogic will continue to service the robust market demand and serve a growing community of clientele around the globe.With operations in five countries, Hexacta strengthens GlobalLogic's already successful presence in Latin America. Their highly tenured team of consultants possess deep expertise in big data and analytics, cloud services, full-stack development, and testing--all of which are essential capabilities needed to create cutting-edge digital products and platforms. Their strategic nearshore locations are ideal for North and South American clients, offering increased geographical proximity and fewer time-zone differences. Hexacta brings more than 800 employees in 10 centers across Argentina, Colombia, Peru, United States and Uruguay under the GlobalLogic umbrella--broadening the company's capabilities and offerings, and providing greater access to the strong engineering talent across Latin America."Working at the intersection of design, engineering, and data, GlobalLogic continues to be the partner of choice in helping clients transform and modernize their digital products and services," said Nitesh Banga, President and CEO, GlobalLogic. "With the addition of Hexacta, we are strengthening our service portfolio and nearshore delivery capabilities, adding deep technical expertise and unique industry know-how. We welcome them to the team and look forward to our future successes together.""We have worked diligently over the last two decades to develop the talent and capabilities to provide groundbreaking services to our clients," said Juan Navarro, Founder and Managing Partner, Hexacta. "By joining GlobalLogic and the broader Hitachi Group ecosystem, we can bring those capabilities to a far bigger market, gaining wider reach and greater scale all at once. We are looking forward to joining the GlobalLogic family on this exciting journey."This acquisition will further enable GlobalLogic to augment Hitachi's strengths in Information Technology (IT), Operating Technology (OT), and Products, and to accelerate its growth helping expand the Lumada business.The terms of the transaction were not disclosed. Under the agreement, Hexacta will continue to operate with its existing leadership and staff as a wholly owned subsidiary of GlobalLogic. The transaction is subject to customary regulatory approval and is expected to close by the end of Calendar Q1, 2023.About HexactaHexacta (www.hexacta.com) is a Latin American company that offers end-to-end digital and data engineering services, delivering nearshore and offshore custom software development services, testing, and user interface design. The company is headquartered in Uruguay and has additional innovation hubs in Argentina, Colombia, Peru, and the United States. Enterprise customers from a wide range of industries--EdTech, FinTech, Healthcare, Media and Gaming, and Technology--benefit from Agile methodologies that result in strong program execution. More than 20 years of successful program delivery has earned the firm its position as one of Latin America's leading digital engineering firms.About GlobalLogic Inc.GlobalLogic (www.globallogic.com) is a leader in digital engineering. We help brands across the globe design and build innovative products, platforms, and digital experiences for the modern world. By integrating experience design, complex engineering, and data expertise -- we help our clients imagine what's possible and accelerate their transition into tomorrow's digital businesses. Headquartered in Silicon Valley, GlobalLogic operates design studios and engineering centers around the world, extending our deep expertise to customers in the automotive, communications, financial services, healthcare and life sciences, manufacturing, media and entertainment, semiconductor, and technology industries. GlobalLogic is a Hitachi Group Company operating under Hitachi, Ltd. (TSE: 6501), which contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business.About Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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Society Pass (Nasdaq: SOPA)/Thoughtful Media Group Acquires More Media, Indonesia-based Digital Design and Branding Agency ACN Newswire

Society Pass (Nasdaq: SOPA)/Thoughtful Media Group Acquires More Media, Indonesia-based Digital Design and Branding Agency

SINGAPORE, Dec 28, 2022 - (ACN Newswire via SEAPRWire.com) - Thoughtful Media Group Inc ("Thoughtful Media" or "TMG"), the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces the acquisition of More Media, a leading Indonesia-based creative design and branding agency. The More Media acquisition extends TMG's social commerce and influencer advertising business reach beyond Thailand and Vietnam and into the booming Indonesia digital advertising sector.Founded in 2021 as an international caliber design and branding agency serving up-and-coming Indonesian companies in the beauty, F&B, e-commerce and logistics sectors, More Media has grown its client base through quick deployment of value-added services and understanding of the local market tastes. With its focus on storytelling and providing end-to-end branding services, More Media has onboarded a diverse roster of clients such as Langsre, Emilia, Kei Dining, and Allino. Post acquisition, More Media is re-branded as Thoughtful Media Indonesia with its Co-Founder, Eugenia Agnes Gusti, appointed as VP of Business Development for Thoughtful Media to drive sales and onboard Indonesia clients onto the regional TMG digital advertising platform.Mr. Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer/TMG Chairman, exclaims, "We are so excited to welcome Eugenia Agnes Gusti, Ursula Michelle and the rest of the More Media into our ever-expanding TMG platform. More Media seamlessly blends into our product and geographical growth strategy for TMG as we enter yet another leading SEA market. By combining More Media's market leading design and branding capabilities in Indonesia with TMG's social commerce and influencer advertising focused MPN, we leverage our storytelling capabilities and amplify SoPa's upcoming loyalty offering. And with this acquisition, TMG now operates in Thailand, Vietnam and Indonesia. Since SoPa acquired TMG back in July 2022, TMG has grown from strength to strength with headcount growing from a dozen professionals to over 30 staff in just a matter of months. As we enter Singapore, Philippines, and Malaysia markets in 2023, TMG is uniquely positioned to be the premier SEA regional digital advertising agency offering a significant value proposition for advertisers, merchants and influencers in SEA's biggest economy."According to Influencer Marketing Hub, the influencer advertising market grew to US$16.4 billion in 2022 and the value of social commerce sales growing to US$958 billion in 2022. And according to Strategic Market Research, with Asia representing 70% of the market, the global social commerce market size is expected to reach US$7 trillion by 2030, representing a CAGR of 30% from 2021. Well-positioned to benefit from these growth forecasts, Indonesia's digital advertising revenues are expected to soar this decade as increasingly more consumers make direct purchases on social media platforms, as social media sites are adopting innovative buying criteria and features, and as merchants incorporate shoppable posts and buy buttons on their respective pages. In addition, socially conscious consumers are influencing the evolution of the entire online retail industry. This trend comes as a result of the shifting inclination of brands from traditional celebrities to online influencers to endorse their products. Indeed, influencer marketing is quickly becoming an indispensable part of the mainstream branding strategies across organisations of all types."More Media is proud to officially merge with TMG. By joining forces with TMG's broad advertising network and SoPa's extensive ecosystem and large user and merchant bases in SEA, we are thrilled about expanding our business to fully become an end-to-end digital marketing company. According to Grand View Research, the global influencer marketing platform market size was valued at USD 10.39 billion in 2021 and is now expected to expand at a compound annual growth rate (CAGR) of 33.4% from 2022 to 2030. With this explosion in influencer advertising and social commerce throughout SEA, Thoughtful Media Indonesia is well positioned to generate significant revenues in 2023 and occupies a central position in Indonesia's large and fast-paced growing advertising market, both online and offline," explains Ms. Eugenia Agnes Gusti, Co Founder, More Media. About Society Pass Inc.Founded in 2018 as a next generation, data-driven, loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa's data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital advertising network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam's leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a premier online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines. For more information on Society Pass, please review the following online information which is not part of this press release:Website at https://www.thesocietypass.com orLinkedIn at https://www.linkedin.com/company/societypass orFacebook at https://www.facebook.com/thesocietypass orTwitter at https://twitter.com/society_pass orInstagram at https://www.instagram.com/societypass/.Cautionary Note Concerning Forward-Looking StatementsThis press release may include "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus relating to the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.Media Contacts:PRecious Communicationssopa@preciouscomms.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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ALTAVA Group Announces Complete Sell-out of BAGC Collection at Their Private and Whitelist Rounds SeaPRwire

ALTAVA Group Announces Complete Sell-out of BAGC Collection at Their Private and Whitelist Rounds

What Crypto Winter? BAGC Digital Collection Just Sold Out At a Blue Chip Mint Price Worth $2.7 Million Singapore, December 22, 2022 – (SEAPRWire) – ALTAVA Group is thrilled to announce the complete sell-out of the highly sought-after BAGC collection at their Private and Whitelist rounds. The Whitelist sales round sold out in less than 24 hours, and the Private sales round sold out two days before the deadline, the total value of 5000 BAGC for two rounds equals 2,250 ETH, or $2.7 million USD (assuming 1 ETH = $1200). What Crypto Winter? BAGC Digital Collection Just Sold Out At a Blue Chip Mint Price Worth $2.7 Million Singapore, December 22, 2022 – (SEAPRWire) – ALTAVA Group is thrilled to announce the complete sell-out of the highly sought-after BAGC collection at their Private and Whitelist rounds. The Whitelist sales round sold out in less than 24 hours, and the Private sales round sold out two days before the deadline, the total value of 5000 BAGC for two rounds equals 2,250 ETH, or $2.7 million USD (assuming 1 ETH = $1200). In the first 10 minutes of the private sale, 80,000 server requests along with 40,000 concurrent users. This surpasses the CCU that DappRadar previously reported for blue-chip projects. One of the most unique utilities for BAGC digital collection is the connection between IRL and Web3 along with the IP ownership/management service. While it’s important to have IP ownership in an NFT or a digital collection, most users won’t know how to monetize the IP. ALTAVA IP management inclusion solves the issue by allowing users to receive kickback while leaving the licensing and monetization of the IP to ALTAVA. “We are truly humbled by this success. We couldn’t have accomplished this without our team as well as a network of partners, influencers, and launchpads that work tirelessly with us. A special thanks to Elite Apes who first believed in our vision and kickstarted this entire project with us. We would also like to extend a heartfelt thank you to everyone who participated in the sale and helped make this collection a resounding success. This is just the beginning – but what a beginning. ” said Andy Ku, Founder and CEO of ALTAVA Group. “Despite global inflation, recession, and deep crypto bear market, ALTAVA managed to pull off the improbable and sell out their collection at the Private and Whitelist rounds is nothing short of amazing. They are one of the best teams we’d ever worked with. Ape supports ape.” said Jason Au, Founder of Elite Apes. About ALTAVA Group ALTAVA Group is a Singapore-based company with offices in Seoul, Tokyo, London, and Paris. ALTAVA is the luxury fashion metaverse that enables users to discover, interact, and express themselves through a hi-fidelity avatar. The Company operates WOY (World of You), a metaverse that provides Omni-platform experiential solutions which seamlessly connect consumers to the real-world and virtual world for high-end luxury brands and discerning partners. Social Links ALTAVA Announcement Telegram: https://t.me/altavaofficial Telegram Chat: https://t.me/altavachat Discord: https://discord.gg/altava Twitter: https://twitter.com/altavagroup Medium: https://medium.com/@altavagroup Facebook: https://www.facebook.com/altavagroup LinkedIn: https://www.linkedin.com/company/altava Instagram: https://www.instagram.com/altavagroup/ Japan Telegram: https://t.me/altavajapan Japan Twitter: https://twitter.com/altavagroupjp Media contact Brand: ALTAVA Group Contact: Media tema Website: https://altava.com/ SOURCE: ALTAVA Group The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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Future Ready Digital Transformation for Indian MSMEs: Campaign Powered by Staqo and SMEStreet to Empower MSMEs’ Digital Transformation ACN Newswire

Future Ready Digital Transformation for Indian MSMEs: Campaign Powered by Staqo and SMEStreet to Empower MSMEs’ Digital Transformation

NEW DELHI, Dec 22, 2022 - (ACN Newswire via SEAPRWire.com) - SMEStreet in association with Staqo embarks into the journey showcasing the best roadmap for Digital Transformation to Indian MSMEs. The initiative will be called as 'Digital Transformation & Future Readiness Series for MSMEs'. This collaboration will showcase the power of efficient digital transformation and guide Indian MSMEs to make the best use of contemporary digital automation for bringing busines process efficiency. In this campaign, Staqo will come as the tech knowledge and tech skill partner for educating the MSME sector to become Future Ready through best possible digital technologies. This initiative will also facilitate a fare evaluation of utilizing best in class technologies that can bring positive transformation of business processes like HR, Payroll, Attendance management, Reporting etc. Commenting on this campaign of 'Digital Transformation & Future Readiness Series for MSMEs' Faiz Askari, Founder Editor of SMEStreet and Secretary General of SMEStreet Foundation commented, "We realise the impoirtance of technollogy for MSMEs. We also know that having correct knowledge towards digital technologies for respective businesses can be a great asset for every entrepreneur. Through this campaign, we aim to educate entrepreneurs and CXOs towards best practices of digital transformation and also try to create hand holding mechanism as well for those who wish to take a stronger and guided route towards digital transformation. I am thankful to Staqo's team and specially Presence 360 for coming forward as a support for such initiative.""Indian MSMEs are at a threshold of capitalizing great opportunity. Technology have become the most important enabler for business growth. At Staqo we understand that people-management dilemmas and business imperatives acts as challenge and hindrances for contributing towards business growth. Having served a big swathe of small and medium enterprises from various verticals, we understand all the challenges and constraints that a SME organization confronts. This experience is getting utilized in developing some strong and comprehensive solutions which comes as an answer for every business who wish to explore growth," stated spokesperson of Presence360 by Staqo.Key Components of this campaign will be series of articles, blogs , webinars and podcasts in which various aspects of MSME/SME focused digital transformation will get discussed. The expected outreach of this initiative is to cover almost every industry sector with One Lakh (100 Thousand) MSMEs in next few months. Staqo is clear and confident, and is a name that customers rely on. We create advantages, while being transparent, cost-savvy and futuristic. Armed with a 200+ team of unparalleled experts, in all domains of Enterprise Technology, we set out on an unstoppable streak of transforming over 5000 entities - in and out of India!About StaqoStaqo is an offshoot of a billion-rupee conglomerate - Sheela Foam Limited (SFL). It all began with a question - 'What can we bring here that no one else has?' And, the answer lay in our decades of SFL lineage - the ability to be simple and relevant; and to take responsibility.About SMEStreetSMEStreet.in is a dynamic knowledge ecosystem for Indian MSMEs. A beyond media platform- which acts as a trusted knowldge partner for entrepreneurs who wish to expand, grow and evolve from their existing level. The content inflow for this portal not only includes news, analysis, interviews and success stories but it also have a window of opportunity to enhance the profitability of business, personalized networking with subject matter experts and insightful market research data.About SMEStreet FoundationAfter over 6 years of the online presence of SMEStreet.in and after engaging with over One Million CXOs from MSMEs, SMEStreet Foundation comes into reality as a 'Section 8' Company registered from Haryana, India to serve the potential rich Indian MSME segment and it's vast ecosystem. For more information, contact:Faiz AskariFaiz@smestreet.in9871762630 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Fujitsu’s Digital Annealer achieves excellent results in the Kutxabank project of requesting assets from its investment portfolios JCN Newswire

Fujitsu’s Digital Annealer achieves excellent results in the Kutxabank project of requesting assets from its investment portfolios

TOKYO, Dec 22, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu's quantum-inspired solution, Digital Annealer, has achieved excellent results in the ambitious project that the financial institution Kutxabank is developing to improve the allocation of assets to its investment portfolios.A project in collaboration with the company Quantum Mads and the open innovation platform INNOLAB Bilbao. The first phase, carried out from February 2021 to July 2022 as a proof of concept, has concluded with excellent results and directly enables the start of the second phase that will lead to the industrialization of the algorithm.During the proof of concept, the performance of the solution that has been developed using Fujitsu's Digital Annealer has been compared to the entity's current classic solution, taking into account both the return and the associated risk or volatility, with significant improvements being observed in both cases. Fujitsu's Digital Annealer has made it possible to calculate the optimal distribution of investments to be made, through a series of extremely complex permutation operations. For its part, Quantum Mads developed an algorithm that reduced the number of variables needed to formulate the problem.The second phase of the project, whose completion is scheduled for December 2023, aims to optimize the processes already in place, and incorporates new functionalities by interacting quantitatively with the model in a real and current environment. The goal for Kutxabank is to create a prototype capable of detecting needs and opportunities that are covered, with a technological solution in a real environment, and that concludes with the start-up of the solution based on the prototype.A model at the forefront of the systemThe model created applies quantum computing to the most computationally expensive tasks, at the forefront of the system, to organize investment strategies through asset allocation. It consists of choosing and distributing financial assets in an investment portfolio, one of the most important decisions faced by management companies. It has been accurately demonstrated that it is capable of processing large volumes of historical data, from the last 3 years, and improving its dynamic adaptation to financial markets.Fujitsu Digital AnnealerFujitsu's Digital Annealer is the quantum-inspired digital technology architecture that harnesses innovations in high-density circuit integration and high-performance processing. This innovative architecture is inspired by the key features of quantum computing (superposition and quantum tunneling), allowing the Digital Annealer to evaluate a large number of potential options simultaneously and deliver lightning-fast responses.The current generation Digital Annealer has the ability to solve problems with up to 100,000 variables, which substantially expands the scale of problems that can be solved at the same time, optimizing their accuracy and performance.This solution has proven to be the best in its class for quickly finding an optimal solution when there are an extremely large number of possible combinations.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Fintactics announces its new ventures Holoul and Leza’am; Signs MOU with Aion Digital and Bitfy Holdings at Trescon’s World Fintech Show ACN Newswire

Fintactics announces its new ventures Holoul and Leza’am; Signs MOU with Aion Digital and Bitfy Holdings at Trescon’s World Fintech Show

SAUDI ARABIA, Dec 6, 2022 - (ACN Newswire via SEAPRWire.com) - World Fintech Show, a global fintech series managed by Trescon offered Saudi Arabia's fintech industry a platform for significant advancement. The event witnessed the launch of Fintactics Studio and its commitment to shape the future of fintech in the Kingdom of Saudi Arabia. World Fintech Show, which was held at the InterContinental in Riyadh, aided in establishing strategic alliances aimed at transforming the financial services industry for the foreseeable future.World Fintech Show played host to the announcement and commencement of numerous partnerships. Here are some exclusive highlights of the event.Launch of Fintactics Studio and VC Fund:Fintactics Studio, the first dedicated Fintech venture builder in the region supported by a 150Mn SAR CMA authorized VC fund, will concentrate on supporting internal businesses and investing in cutting-edge, high-growth fintech ventures throughout the kingdom, MENA, and the rest of the world.Fintactics Venture Builder has emerged out of Revival Lab and is launched under Arbah Capital.Trescon hosted senior executives from the organizations:Saad AlMoammar, Chairman, Revival LabMohammed Al Maghlouth, Co-Founder and CEO, Revival LabHaitham Al Sahafy, CEO, FintacticsHisham Al Rashed, Board Member, Arbah CapitalMahmoud Koohaji, CEO, Arbah CapitalPartnership Agreement of Fintactics & Aion DigitalSuccess is contingent on having the ideal partnerships. Aion Digital, a digital banking platform that strives to revitalize banking through customer-centric digital transformations that are adaptable for financial institutions, is working with Fintactics as part of the builder's mission to shape the financial landscape of the future. Both companies will be able to jointly develop and expand important digital products in the GCC and MENA thanks to this collaboration.The signing included:Haitham Al Sahafy, CEO, FintacticsMohammed Al Maghlouth, Managing Partner FintacticsAbdulatif Al Rajhi, Chairman, Aion DigitalAshar Nazim, Founder and CEO, Aion DigitalSigning of Reg-Tech (Lezaam) JV agreementBusinesses today require a fully digital onboarding experience to lead customers through their onboarding process as business resilience requirements and consumer expectations have grown. RegTech-as-a-Service with all features and capability required for digital onboarding and eKYC from journey orchestration, compliance and AML screening, and digital forensics is what Leza'am, a new joint venture between Fintactics and Aion Digital, is offering. Retail and corporate customers for GCC and non-GCC nationals with add-on services for fraud and risk management.The signing included:Haitham Al Sahafy, CEO, FintacticsMohammed Al Maghlouth, Managing Partner FintacticsAbdulatif Al Rajhi, Chairman, Aion DigitalAshar Nazim, Founder and CEO, Aion Digital Partnership Agreement of Fintactics & Bitfy HoldingsTo accelerate the adoption of Distributed Ledger Technologies in financial and non-financial verticals in the Kingdom, Fintactics has invested in Bitfy Holdings, a Brazilian-based venture pioneering "Blockchain as a Service" to offer tokenization of illiquid assets.Through cooperation with the relevant regulatory bodies in the Kingdom, CMA & SAMA, Fintactics will be able to localize blockchain tokenization and securitization technologies of physical and illiquid assets. This investment was followed by a partnership at World Fintech Show.The signing included:Haitham Al Sahafy, CEO, FintacticsMohammed Al Maghlouth, Managing Partner FintacticsLucas Schoch, Founder and CEO Bitfy HoldingsLaunch of Fintech (Holoul)Utilizing the opportunity of being preset at World Fintech Show, the launch of the most recent Fintactics Venture, Holoul was announced. In keeping with the Saudi residents' Vision 2030, Holoul is a digital mortgage platform that focuses on facilitating and enhancing homeownership. In Saudi Arabia, the mortgage market is evolving quickly, and the results are very positive.There is little doubt that numerous market dynamics and political encouragement from various bodies and ministries were the driving forces behind this. In addition, it's a marketplace where customers can find a variety of luxury home products that suit their demands.The signing included:Haitham Al Sahafy, CEO, FintacticsMohammed Al Maghlouth, Managing Partner FintacticsBasil Al Shamlan, Founder and CEO Holul Venture About World Fintech Show World Fintech Show is a thought-leadership-driven, business-focused event that deep dives into the latest challenges and technology trends in Saudi Arabia's financial services sector.World Fintech Show sets the standard for financial innovation in the Kingdom by connecting global fintech experts, technology innovators and startups with pre-qualified CFOs, CEOs, CTOs, Heads of Business Transformation, Chief Digital Officers, Heads of Innovation, government authorities, and fintech investors from Saudi Arabia.The event features exciting keynotes, enterprise use-case presentations, product showcase, panel discussions and tech talks. Witness next-gen fintech solutions from global tech leaders and explore their relevance and impact on organizations.Learn more: World Fintech ShowAbout Trescon Trescon is a global business events and consulting firm that provides a wide range of business services to a diversified client base.With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients.Learn more: TresconFor further details about the announcement, please contact:Nupur AswaniHead – Media, PR and Corporate Communications, Trescon+91 95559 15156 | media@tresconglobal.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Domineum and Expert Vision Consulting (EVC) partner to drive Digital Transformation Globally ACN Newswire

Domineum and Expert Vision Consulting (EVC) partner to drive Digital Transformation Globally

MECCA, Saudi Arabia, Dec 6, 2022 - (ACN Newswire via SEAPRWire.com) - The International Strategic Collaboration between UK-based Domineum (www.domineum.io) and Saudi-based Expert Vision Consulting (www.evc.sa) outlines the long-term goals between the two companies in line with Saudi Arabia's Vision 2030. Small and Medium Enterprises (SMEs) are among the most significant drivers of economic growth and an important area of focus of the Saudi Vision 2030: creating jobs, encouraging innovation, and strengthening economies. The aim of this partnership is to combine the strengths of each to drive digital transformation by creating access to new markets, new digital products, training, and investment tools.Domineum Blockchain Solutions, which helps governments and businesses digitize their processes to increase efficiency offers a full suite of Blockchain applications including Identity verification solutions, Credential verification, Land and real estate solution, Cargo Tracking Note solutions, and other software for more efficient work, will provide digital transformation services and support small and large companies' growth across the world.Expert Vision Consulting Company (EVC) is a Saudi-based company providing consulting services for decision-makers, enabling them to achieve their innovative business visions for the future. EVC has the capability to translate ideas into reality, serving both the Public Sector & Private Sector in three Areas: Consultation, Solutions, and Innovations.EVC provides consultancy services related to major national projects by supporting many government agencies to achieve the Saudi Arabia Vision 2030 and has earned their clients' trust due to being keen as the first company clients look to as a partner trusted to provide a complete Digital Transformation journey for its clients. With a ranking reputation of being among the fastest-growing tech companies in Saudi Arabia.The MoU was signed on the 25th of November 2022 at EVC headquarters in Mecca Saudi Arabia by DR Basim Zafar, Founder/CEO of Experts Vision Consulting (EVC), and Mohammed Ibrahim Jega, Co-Founder of Domineum Blockchain Solutions. We believe this partnership will accelerate and propel digital transformation in Governments and various industries such as health care, agriculture, fin-tech, education, commerce, energy, supply chains, etc. Dr. Basim Zafar, the Founder/CEO, of Experts Vision Consulting (EVC), said, "As a company that continuously strives to empower the technology sector, we are delighted to collaborate with Domineum to offer multi-tier support to the public and private sector, companies as well as startups. We at EVC consider this partnership as part of the company's responsibility towards societal development."Mohammed Ibrahim Jega, the Co-Founder of Domineum Blockchain Solutions, said "We are delighted to start our fruitful collaboration with EVC Saudi where we will leverage our mutual strength and further accelerate the digital transformation of Government and businesses. Digital transformation is more important than ever and Domineum with its fully integrated and intuitive solutions is a perfect choice for the effortless benefits possible for both governments and individual businesses."For more information:Ejeh JanetE: business@domineum.ioDomineum Blockchain Solutions Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hexagon, Fujitsu support Stuttgart’s urban digital twin project JCN Newswire

Hexagon, Fujitsu support Stuttgart’s urban digital twin project

TOKYO, Nov 29, 2022 - (JCN Newswire via SEAPRWire.com) - Hexagon's Safety, Infrastructure & Geospatial division and Fujitsu Limited have partnered to deliver a digital twin platform for Stuttgart, Germany, to support the city's urban digital twin project. The Civil Engineering Office will use the SaaS solution to visualize and analyze data from IoT sensors across the city to promote sustainability and enhance quality of life for the 600,000 residents of Stuttgart.The solution will provide a common operating picture for monitoring sensor values, such as water quality, flood levels and parking space occupancy, enabling the city to derive insights for optimizing operations and making informed decisions for the future. The digital twin platform is based on Hexagon's M.App Enterprise and Xalt | Integration, with Fujitsu providing the necessary cloud infrastructure service for the project."The needs of our residents are very important to us," said Jens Schumacher, head of IT, Stuttgart Civil Engineering Office. "Stuttgart's Urban Digital Twin project will provide our office with a vast amount of mobility and environmental data, and the IoT analysis platform from Hexagon and Fujitsu will give us the ability to use that data to make smarter decisions for the good of our city.""Stuttgart is an exemplary model of how cities can solve today's most pressing urban challenges, such as sustainability, safety and mobility, through the use of real-time data analysis," said Maximillian Weber, senior vice president, EMEA, Hexagon's Safety, Infrastructure & Geospatial division. "We're proud to partner with Stuttgart and Fujitsu in putting data to work to ensure a better future for the city.""We are excited to grow our partnership with Hexagon to solve the challenges of cities. In collaboration with Hexagon, we will provide a service that enables real-time analysis of environmental data in Stuttgart and contributes to the improvement of services for residents. Our goal at Fujitsu is to realize our vision for a 'Trusted Society', a sustainable, resilient place where people can live together in peace and prosperity," commented Yoshinami Takahashi, EVP and vice-head of the Global Solution Business Group at Fujitsu Limited.The project with the City of Stuttgart is one of many collaborations between Hexagon and Fujitsu to solve urban sustainability challenges, including efforts to better manage and understand the impacts of shared mobility services in Germany, such as a project with the City of Munich.Details of the project will be presented during HxGN LIVE Japan.About HexagonHexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector and mobility applications. Our technologies are shaping production and people-related ecosystems to become increasingly connected and autonomous - ensuring a scalable, sustainable future. Hexagon's Safety, Infrastructure & Geospatial division improves the resilience and sustainability of the world's critical services and infrastructure. Our solutions turn complex data about people, places and assets into meaningful information and capabilities for better, faster decision-making in public safety, utilities, defense, transportation and government. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 23,000 employees in 50 countries and net sales of approximately 4.3bn EUR. Learn more at hexagon.com and follow us @HexagonAB.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.Press Contacts:HexagonEmily Arnold Global Communications Manager Phone: +1 256.730.2582 E-mail: Emily.arnold@hexagon.comFujitsu LimitedPublic and Investor Relations Division Inquiries (www.fujitsu.com/global/about/resources/news/presscontacts/form/index.html) Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Professional stealers: opportunistic scammers targeting users of Steam, Roblox, and Amazon in 111 countries ACN Newswire

Professional stealers: opportunistic scammers targeting users of Steam, Roblox, and Amazon in 111 countries

- Over 50 million passwords stolen in 7 months of 2022- Underground market value of stolen logs and compromised card details around US$5.8 million- India saw the highest number of infected devices in the Asia Pacific, followed closely by Indonesia, Philippines and VietnamSingapore, Nov 29, 2022 - (ACN Newswire via SEAPRWire.com) - Group-IB, one of the global leaders in cybersecurity, has identified 34 Russian-speaking groups that are distributing info-stealing malware under the stealer-as-a-service model. The cybercriminals use mainly Racoon and Redlinestealers to obtain passwords for gaming accounts on Steam and Roblox, credentials for Amazon and PayPal, as well as users' payment records and crypto wallet credentials. In the first seven months of 2022, the gangs collectively infected over 890,000 user devices and stole over 50 mln passwords. All the identified groups orchestrate their attacks through Russian-language Telegram groups, although they mainly target users in the United States, Brazil, India, Germany, and Indonesia. In 2022, info-stealing malware has grown into one of the most serious digitalthreats.Classiscam graduates By tracking the evolution of the popular scam scheme Classiscam, Group-IB Digital Risk Protection analysts revealed how some "workers" (low-rank online scammers) started shifting to a more dangerous criminal scheme that involves distributing info stealers. Moreover, the illicit business of stealers, which is coordinated via Telegram groups, uses exactly the same operational model as ClassiscamAn info stealer is a type of malware that collects credentials stored in browsers (including gaming accounts, email services, and social media), bank card details, and crypto wallet information from infected computers, and then sends all this data to the malware operator. After a successful attack, the scammers either obtain money themselves using the stolen data, or they sell the stolen information in the cybercriminal underground. According to Group-IB, stealers are one of the top threats to watch in the coming year. The threat actor responsible for the most recent attack on Uberpurchased the credentials compromised with the Racoon stealer.According to the Group-IB Digital Risk Protection team, (part of the Unified Risk Platform), the mass Telegram groups and bots designed to distribute info stealers first appeared in early 2021. By investigating a number of accounts, Group-IB analysts were able to confirm that members of several scam groups that previously participated in the Classiscam scheme began using stealers. In 2021 and 2022, Group-IB experts identified 34 active groups on Telegram. On average, such info stealer distribution groups have around 200 active members.The most popular stealer among the groups examined by Group-IB is RedLine, which is used by 23 out of 34 gangs. Racoon ranks second: 8 groups employ this tool. Custom stealers are used in 3 communities. Administrators usually give workers both RedLine and Racoon in exchange for a share of the stolen data or money. However, the malware in question is offered for rent on the dark web for $150-200 per month. Some groups use 3 stealers at the same time, while others have only one stealer in their arsenal.Having switched from scamming users of classified websites to stealers, some threat actors reproduced not only the hierarchy and model of Classiscam, but also its technical capabilities. In particular, Telegram bots that generate malicious content, communication between members, and all their shady accounting. The tasks of workers, the scammers of the lower-ranks, have also changed — they must now drive traffic to bait scam websites impersonating well-known companies and convince victims to download malicious files. Cybercriminals embed links for downloading stealers into video reviews of popular games on YouTube, into mining software or NFT files on specialized forums and direct communication with NFT artists, and into lucky draws and lotteries on social media.Telegram Stealers world tour Group-IB estimates that between March 1 (when Group-IB started researching the scheme) and December 31, 2021 stealers operated via Telegram groups were able to compromise 538,000 devices. In the first 7 months of 2022, Telegram stealers were found to be almost twice more active infecting more than 890,000 devices in 111 countries.The top 5 most often attacked countries in 2022 were the United States, Brazil, India, Germany, and Indonesia with 91,565, 86,043, 53,988, 40,750, and 35,345 infected devices respectively.List of countries in Asia Pacific by the number of infected devices include India, Indonesia, Philippines, Vietnam and Singapore. In India for example, from March - December 2021, the operators of the stealers in question infected 19,249 devices. In the first seven months of 2022, the number grew to 53,988. Scammers were able to retrieve 4,547,020 passwords, 4,657 sets of payment records, and 4,428 sets of crypto wallet information such as credentials, seed phrases, etc.Indonesia closely follows with a total of 35,345 infected devices and where scammers were able to retrieve 2,372,893 passwords. The Philippines recorded a total of 31, 745 infected devices and Vietnam with a total of 22,739 devices infected and scammers retrieving 2,032,278 passwords. Australia had 5,794 devices infected and 549,640 passwords retrieved by scammers. Singapore saw 2,179 devices infected, with 185,689 passwords retrieved.According to the analysis of Telegram groups, for the last 10 months of 2021 cybercriminals collected 27,875,879 sets of passwords, 1,215,532,572 cookie files, 56,779 sets of payment records, and data from 35,791 crypto wallets. In the first 7 months of 2022, threat actors stole 50,352,518 passwords, 2,117,626,523 cookie files, details of 103,150 bank cards, and data from 113,204 crypto wallets. The underground market value of just the stolen logs and compromised card details is around $5.8 million, Group-IB experts estimate.According to Group-IB, in 2021, threat actors worldwide most frequently collected PayPal account credentials (more than 25%) and Amazon credentials (more than 18%). In 2022, the most targeted services are the same, namely PayPal (more than 16%) and Amazon (more than 13%). However, over the course of the year, cases of stealing passwords for gaming services (Steam, EpicGames, Roblox) in the logs have increased almost five-fold."The influx of a huge number of workers into the popular scam Classiscam — which Group-IB's Unified Risk Platformidentified, at its peak, comprised over a thousand criminal groups and hundreds of thousands of fake websites — has led to criminals competing for resources and looking for new ways to make profits," says Ilia Rozhnov, head of Group-IB's Digital Risk Protection in the Asia Pacific. "The popularity of schemes involving stealers can be explained by the low entry barrier. Beginners do not need to have advanced technical knowledge as the process is fully automated and the worker's only task is to create a file with a stealer in the Telegram bot and drive traffic to it. For victims whose computers become infected with a stealer, however, the consequences can be disastrous."To minimize potential risks, Group-IB Digital Risk Protection experts recommend that users refrain from downloading software from suspicious sources, use isolated virtual machines or alternative operating systems for installation, avoid saving passwords in browsers, and regularly clear browser cookies. To prevent digital risks and unwanted consequences, companies should take a proactive approach to their brand's digital security and use modern technologies for monitoring and response, such as Group-IB's Digital Risk Protection.About Group-IBGroup-IB, with its headquarters in Singapore, is one of the leading solutions providers dedicated to detecting and preventing cyberattacks, identifying online fraud, investigating high-tech crimes, and protecting intellectual property. The company's Threat Intelligence and Research Centers are located in the Middle East (Dubai), Asia-Pacific (Singapore), and Europe (Amsterdam).Group-IB's Unified Risk Platform is an ecosystem of solutions that understands each organization's threat profile and tailors defenses against them in real time from a single interface. The Unified Risk Platform provides complete coverage of the cyber response chain. Group-IB's products and services consolidated in Group-IB's Unified Risk Platform include Group-IB's Threat Intelligence, Managed XDR, Digital Risk Protection, Fraud Protection, Attack, Surface Management, Business Email Protection, Audit & Consulting, Education & Training, Digital Forensics & Incident Response, Managed Detection & Response, and Cyber Investigations. Group-IB's Threat Intelligence system has been named one of the best in its class by Gartner, Forrester, and IDC. Group-IB's Managed XDR, intended for proactively searching for and protecting against complex and previously unknown cyber threats, has been recognized as one of the market leaders in the Network Detection and Response category by KuppingerCole Analysts AG, the leading European analyst agency, while Group-IB itself has been recognized as a Product Leader and an Innovation Leader. Gartner has named Group-IB a Representative Vendor in Online Fraud Detection for its Fraud Protection. In addition, Group-IB was granted Frost & Sullivan's Innovation Excellence award for Digital Risk Protection (DRP), an Al-driven platform for identifying and mitigating digital risks and counteracting brand impersonation attacks, with the company's patented technologies at its core. Group-IB's technological leadership and R&D capabilities are built on the company's 19 years of hands-on experience in cybercrime investigations worldwide and over 70,000 hours of cybersecurity incident response accumulated in our leading DFIR Laboratory, High-Tech Crime Investigations Department, and round-the-clock CERT-GIB.Group-IB is an active partner in global investigations led by international law enforcement organizations such as Europol and INTERPOL. Group-IB is also a member of the Europol European Cybercrime Centre's (EC3) Advisory Group on Internet Security, which was created to foster closer cooperation between Europol and its leading non-law enforcement partners.Group-IB's experience in threat hunting and cyber intelligence has been fused into an ecosystem of highly sophisticated software and hardware solutions designed to monitor, identify, and prevent cyberattacks. Group-IB's mission is to protect its clients in cyberspace every day by creating and leveraging innovative solutions and services.For more information, please contact:pr@group-ib.com+65 3159-3798https://www.group-ib.comhttps://www.group-ib.com/blogTwitter | LinkedIn |Facebook |Instagram |Telegram Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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