HONG KONG, July 3, 2024 /PRNewswire/ — Peach Tech Limited (“Peach Tech”) and Orient Asset Management (Hong Kong) Limited (“Orient HK”) are delighted to announce a groundbreaking strategic partnership aimed at jointly advancing the innovation and integration of traditional financial institutions with the world of Web3 digital assets in Hong Kong.

This game-changing collaboration will see Peach Tech providing top-tier advisory services and infrastructure for the tokenization of real-world assets managed by Orient HK, under the Peach Investment Fund (PIF) and Peach Investment Fund Token (PIFT). This strategic partnership marks a significant milestone for Peach Tech in transforming how traditional financial assets such as real estate can be managed and tokenized, paving the way for a more integrated and innovative financial ecosystem between TradFi & crypto in Asia.

“We are beyond excited to partner with Orient HK and bring the worlds of traditional finance and blockchain closer together,” said David Koh, Chief Operating Officer of Peach Tech Limited. “This collaboration is a major step forward in demonstrating the trust and commitment traditional finance institutions place in us to be the key enabler and bridge between TradFi, CeFi and DeFi.”

“At Orient HK, we are committed to advancing the tokenization of real-world assets,” said Zhao Guodong, Director of Orient Asset Management (Hong Kong) Limited. “Partnering with Peach Tech will accelerate our adoption of Web3 technologies and redefine the financial landscape.”

For more information, please visit:

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• Peach Tech Limited
• Orient Asset Management (Hong Kong) Limited

About Peach Tech Limited

Peach Tech Limited is a leading technology and platform company with a focus on bridging the gap between traditional financial assets and blockchain technology, developing products that enhance market efficiency, transparency, and accessibility.  It provides a wide range of services in the crypto and RWA space, including advisory, tokenization of real-world assets and token issuance. 

About Orient Asset Management (Hong Kong) Limited

Orient Asset Management (Hong Kong) Limited, a wholly-owned subsidiary of Orient Securities International Financial Group Co. Ltd, specializes in asset management services outside of mainland China. The company offers a wide range of asset management services, including the issuance and management of private funds, public funds, fully mandated investment management accounts, and investment advisory services.

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CBN Governor Emphasizes Role of NBFIs in Regional Integration and Economic Prosperity

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, emphasized the potential of Non-Bank Financial Institutions (NBFIs) within the West African Monetary Zone (WAMZ) to accelerate regional integration and promote shared economic prosperity.

Speaking at the 10th meeting of the College of Supervisors for Non-Bank Financial Institutions (CSNBFI) of WAMZ in Abuja, Cardoso highlighted the importance of monitoring trends, risks, and innovations associated with NBFIs and Other Financial Institutions (OFIs). He noted that the increasing transaction volumes of NBFIs pose significant risks to financial system stability.

Cardoso acknowledged the crucial role of NBFIs, including Fintech companies, in ensuring financial stability and specialized financial intermediation. Despite their smaller numbers compared to conventional banks, he stressed that NBFIs must adhere to global best practices.

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Represented by CBN Acting Director of the Other Financial Institutions Department (OFID), Mr. Abayomi Orogundade, the CBN governor underscored the need for fintech regulatory requirements to be tailored to foster compliance with international standards.

He called for strengthening anti-money laundering practices, enhancing supervisory capacity in cybersecurity and fintech regulation, and implementing a risk-based supervisory approach for NBFIs. Cardoso urged supervisors not to become complacent, despite the milestones achieved by the CSNBFI.

“We must continue to push forward the agenda of strengthening anti-money laundering practices, deepening supervisory capacity on cybersecurity and fintech regulation, and implementing a risk-based supervisory approach,” he stated.

Cardoso highlighted the importance of monitoring trends and risks, noting that fintech loans, though currently small compared to traditional bank credit, are growing. He explained that fintech credit is often provided via electronic platforms that connect lenders and borrowers, with some platforms acting as new types of financial intermediaries.

“In many jurisdictions, these digital firms either hold a banking license and are subject to prudential requirements or are regulated as fintech payment service firms. Innovations related to crypto or stablecoin assets have also been reported,” Cardoso added.

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Dr. Olorunshola Olowofeso, Director of the West African Monetary Institute (WAMI), noted that the outlook for WAMZ is gradually improving after turbulent years. However, he pointed out that funding challenges persist, with governments facing financing shortages, high borrowing costs, and impending debt repayments.

Olowofeso identified emerging risks to the financial system, including climate-related risks, internet disruptions, and cyber and social media threats arising from the digitization of financial services. He called on member states to develop adequate national cybersecurity strategies and appropriate regulatory and supervisory frameworks to strengthen the resilience of the financial sector.

The meeting provided an opportunity to review developments in the NBFI sub-sector within the zone for the second half of 2023 and the first quarter of 2024. It aimed to assess regulatory and supervisory challenges, share experiences, and provide relevant recommendations to the Committee of Governors of WAMZ.

Olowofeso emphasized the pivotal role of NBFIs in enhancing access to credit, offering cost-effective and reliable payment methods, and supporting economic growth. He stressed the need to strengthen the resilience of the NBFI sector to ensure stable financing and reliable payment services.

Source: thisdaylive.com

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The company will address critical agility and specialisation shortages facing enterprises and consulting firms

SYDNEY, July 3, 2024 /PRNewswire/ — Outsized, a global leader in the high-end independent talent market, has announced its strategic expansion into the Australian and New Zealand (ANZ) region. With a network of over 30,000 independent consultants and skilled contractors, Outsized is as the only on-demand talent platform specialising in high-end roles.

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In 2023 alone, Outsized grew it’s platform by over 50% in terms of talent members. Off the back of very strong year-on-year revenue growth since its inception in 2016, Outsized closed its Series A fundraising round in Q4 2023, and is on an expansion journey across the Asia-Pacific region.

The local Outsized team will be led by Sara Kahlau, a seasoned expert in talent models and innovation. Sara, previously at Booz & Co and icare NSW, and most recently a leader in the global on-demand talent market, brings a wealth of experience to her role as Managing Director, ANZ.

Outsized differentiates itself by taking a unique “human-first” approach, in contrast to the highly transactional model prevalent in the talent industry which traditionally serves to benefit clients only, albeit without long-lasting partnerships. This includes role scoping support, contracting, and relationship management, ensuring mutual benefits for clients and talent. This approach has been pivotal to Outsized’s success, as evidenced by client reviews^[1], across the wider APAC region, Africa, and the Middle East, and is set to redefine talent engagement in Australia and New Zealand.

“With Outsized, our customers in ANZ can expect a tailored approach that aligns talent solutions with strategic business objectives,” Sara affirmed. “Our model ensures clients have access to all the skills they need whenever they need them, without the fixed costs, through our unique talent pool and virtual bench products, giving clients on-tap access to pre-vetted, highly skilled talent curated to their individual needs.

“In ANZ, demand for flexible, independent talent solutions is growing rapidly,” noted Sara Kahlau. “Outsized fills a critical gap in the market by offering an intuitive platform that not only meets business needs for agility and expertise but empowers talent to shape their careers on their terms.”

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The ANZ expansion coincides with a trend where businesses increasingly turn to independent talent for agility, innovation and efficiency. In 2023, Outsized experienced an increase of 154% in the number of independents on contracts, up from an increase of 45% the year prior. Some of the key growth areas Outsized expects to see in the ANZ market includes Data, AI, Digital Transformation, Technology, Cybersecurity, and Sustainability/ESG.

Recent studies indicate that 88% of Australian businesses need talent with the right skills, especially in areas like Project Management, Business Analytics, and Digital Transformation^[2].

Outsized’s expansion strategy is bolstered by its existing relationships with major consulting firms and its specialisation in sectors including financial services, insurance, healthcare, and government.

“As we expand our footprint in ANZ, Outsized remains committed to delivering unparalleled value to our clients and talent partners,” concluded Anurag Bhalla, co-founder of Outsized. “We are excited to embark on this journey, redefining the future of work through innovative talent solutions.”

About Outsized

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Outsized is a talent-on-demand platform for highly-skilled independent professionals. It enables large enterprises and consulting firms in Asia-Pacific, Africa, and the Middle East to implement flexible workforce models by providing access to vetted talent from a host of professional disciplines. With a focus on experienced professionals, and full-time contracts, Outsized empowers and supports both the people and the businesses that use its platform. Outsized has local teams based in Australia, Singapore, Malaysia, South Africa, India, Dubai, Saudi Arabia, and Bahrain, and is committed to creating a sustainable, win-win ecosystem for clients and talent.

[1] https://www.trustpilot.com/review/outsized.com
[2] Labour Market Update – December 2023 | Jobs and Skills Australia

Photo: https://mma.prnewswire.com/media/2452910/Sara_Kahlau_MD_ANZ.jpg

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