Fintech PR

Cathay Financial Holdings Hosts COP29 Global Climate Leaders Roundtable: Brainstorming Solutions for Climate Finance and Energy Transition

Published

23 hours ago

December 17, 2024

TAIPEI, Dec. 17, 2024 /PRNewswire/ — The 29th United Nations Climate Change Conference (COP29) commenced in Baku, Azerbaijan, with Cathay Financial Holdings (Cathay FHC) hosting its second consecutive side event, the “Global Climate Leaders Roundtable.” This roundtable brought together over 20 prominent climate organizations, businesses, and policymakers from across the globe to engage in multi-sector and cross-border discussions about the challenges and solutions surrounding climate finance and energy transition. Under the theme “Challenges and Solutions of Climate Finance and Energy Transition,” the roundtable provided a crucial foundation for driving transformation and innovation through public-private sector collaboration.

Representatives from Taiwan, Asia, and Europe participated, including the World Climate Foundation, which connects over 80,000 public and private sector stakeholders worldwide and partners with Cathay FHC; the Climate Bonds Initiative, which develops global climate bond standards and certification mechanisms; the Asia Investor Group on Climate Change (AIGCC), managing $32 trillion across 11 countries; the International Energy Agency (IEA) with 28 member countries; Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial institution; Temasek Foundation of Singapore; and various public and private sector representatives from Taiwan, including Central Weather Administration, ICDF (International Cooperation and Development Fund), and National Taiwan University Experiment Forest.

In the face of mounting climate risks and the progressing global climate action stocktake, the roundtable underscored the urgent need to decarbonize energy systems, scale up renewable energy, and advance just transitions. Cathay FHC’s President, Chang-Ken Lee, emphasized: “COP29 is often referred to as the ‘Finance COP,’ and one of its key topics is how to effectively channel private capital into climate action, accelerating the climate transition and mitigating climate risks.” He noted that collective efforts from the financial sector can translate visionary goals into actionable climate solutions, with collaboration and innovation being essential to unlocking systemic change.

According to the International Energy Agency (IEA), global energy investment is projected to exceed the unprecedented amount of USD 3 trillion in 2024. However, achieving the goals of tripling renewable energy capacity and doubling energy efficiency by 2030 will require a significant increase in investments. Anjali Viswamohanan, Director of Policy at AIGCC, discussed Asia’s growing role as a climate investment hotspot, noting that fiduciary duty, regulatory changes, and client demand are key drivers, while regulatory uncertainty and the absence of a clear net-zero carbon framework remain challenges. IEA Energy and Climate Analyst Luca Lo Re introduced the G20’s Clean Energy Investment Roadmap for developing countries, stressing that financial flows must increase sixfold to meet energy demands and achieve net-zero by 2050. Additionally, Sean Kidney, CEO of the Climate Bonds Initiative, emphasized that science-based green bond standards are crucial for scaling up climate finance, as standardized processes can reduce investment risks and accelerate progress. Tomo Ishikawa, Chief Regulatory Engagement Officer at MUFG, discussed the challenges of the enormous cost with the attempt to decarbonize hard-to-abate sectors and suggested using standardized financing templates and blended finance models to simplify climate investment processes.

Experts in climate action also explored the vital role of nature-based solutions in tackling climate change. Shruthi Kumar, Deputy Director of Temasek Foundation, shared insights into how bank financing was applied to a sustainable palm oil planting project in Indonesia, which mitigates deforestation risks while benefiting both banks and farmers. Kuo-Chen Lu, Deputy Director of Taiwan’s Central Weather Administration, emphasized the key role of artificial intelligence in natural disaster early-warning systems for mudslides and earthquakes, highlighting technology’s importance in improving climate resilience. Ming-Jer Tsai, Director of National Taiwan University’s Forest Experimental Station, proposed innovative methods for quantifying biodiversity gains through biocarbon credits, providing a new science-based tool for conservation efforts.

Cathay FHC’s Chief Investment Officer, Sophia Cheng, reinforced the company’s commitment to advancing climate finance and energy transition. She highlighted Cathay’s pivotal role in financing Taiwan’s renewable energy projects and sustainability-focused financial products, with over USD 50 billion dedicated to sustainable financing as of 2023. She remarked, “”In the face of seemingly insurmountable challenges, through innovation and collaboration, we can turn the impossible into possible.” In this gathering of global climate leaders, Cheng once again emphasized that through cooperation, systemic transformation can be achieved, ensuring a sustainable future for all humanity.

Climate action experts from various countries gathered at the forum, emphasizing the urgency of accelerating energy system decarbonization, expanding renewable energy capacity, and promoting just transitions.

Cathay FHC President, Chang-Ken Lee (left), believes that one of the most important issues at COP29 is how to effectively direct private capital into climate action, accelerating the climate transition and mitigating climate risks. On the right is Sophia Cheng, Chief Investment Officer of Cathay FHC.

Photo – https://mma.prnewswire.com/media/2582926/Cathay_Financial_Holdings_held_Climate_Leaders_Roundtable_a_side_event.jpg
Photo – https://mma.prnewswire.com/media/2582927/Climate_action_experts_countries_gathered_forum_emphasizing_urgency_accelerating_energy.jpg
Photo – https://mma.prnewswire.com/media/2582928/Cathay_FHC_President_Chang_Ken_Lee__left__believes_important_issues_COP29.jpg

View original content:https://www.prnewswire.co.uk/news-releases/cathay-financial-holdings-hosts-cop29-global-climate-leaders-roundtable-brainstorming-solutions-for-climate-finance-and-energy-transition-302333627.html

Fintech PR

DealHub introduces API-First CPQ to deliver Automated Headless Quoting

Published

50 minutes ago

December 18, 2024

CISION (PR Newswire)

dealhub-introduces-api-first-cpq-to-deliver-automated-headless-quoting

AUSTIN, Texas, Dec. 18, 2024 /PRNewswire/ — DealHub.io, the leading provider of advanced, enterprise-grade Configure, Price, Quote (CPQ) platform, announced the release of its API-First, headless quoting architecture. The new headless quoting environment extends the power and flexibility of DealHub CPQ to support quote automations across all sales channels, including PLG, e-Commerce and self-service portals.

DealHub API-First CPQ provides organizations the flexibility to develop scalable quoting solutions powered by DealHub’s robust logic-driven, configurable Playbooks. The headless quoting environment provides a composable and modular architecture that can be seamlessly integrated with revenue applications and custom user interfaces.

“API powered quoting will open a world of opportunities for DealHub customers to rapidly and effortlessly deploy new omnichannel revenue streams, from a single hub,” stated Eyal Orgil, Chief Revenue Officer at DealHub. “Headless quoting is a further example of the expanded possibilities provided with DealHub CPQ and the non-stop innovation we continue to introduce to redefine the modern CPQ.”

DealHub API-First Headless Quoting can be leveraged to support all sales processes, from new business to renewals and amendments. The Headless environment provides full access to DealHub’s rich CPQ functionality, including:

Configurable Logic-engine to generate error-free quotes and contracts
Multi-dimensional pricing able to dynamically set the most applicable pricing
Seamless back-end integration with Salesforce, HubSpot, Microsoft Dynamics and other CRMs
Powerful call-outs and queries to sync with ERP-based pricebooks, external product catalogs, and other back-end systems

About DealHub

DealHub delivers a business-logic driven engine to power the complete Quote-to-Revenue workflow incorporating CPQ, CLM, Subscription Billing, DealRoom, and new composable API-First Headless Quoting. This intelligent flow drives revenue execution from new business to renewed customers without delays and errors, ensuring a superior buyer experience across all revenue streams.

For more information, visit dealhub.io or follow DealHub on LinkedIn.

Photo: https://mma.prnewswire.com/media/2583993/DealHub.jpg

View original content:https://www.prnewswire.co.uk/news-releases/dealhub-introduces-api-first-cpq-to-deliver-automated-headless-quoting-302334782.html

Fintech PR

Vantage Markets Celebrates a Landmark Year of Achievements in 2024

Published

50 minutes ago

December 18, 2024

CISION (PR Newswire)

vantage-markets-celebrates-a-landmark-year-of-achievements-in-2024

PORT VILA, Vanuatu, Dec. 18, 2024 /PRNewswire/ — Vantage Markets closes 2024 with a series of remarkable milestones, reinforcing its position as a leader in the trading industry. From record-breaking accolades to impactful partnerships and community contributions, the year has been a testament to Vantage’s vision and commitment to excellence.

In 2024, Vantage earned 26 prestigious awards, a 1.6x increase compared to the previous year. These accolades span innovation, customer service, and trading technology, underscoring the company’s dedication to delivering unparalleled value to its global community of traders.

This year also marked Vantage’s three-year partnership with McLaren Racing, a collaboration that brought shared values of speed, precision, and performance to the global stage. Through this partnership, Vantage connected with millions of fans and traders worldwide, reinforcing its brand identity as a high-performance trading platform.

Vantage celebrated its 15th anniversary this year, highlighting a journey of consistent growth and technological advancements. From humble beginnings to a global presence, the company remains committed to empowering traders with cutting-edge tools and resources.

Reflecting on these achievements, Marc Despallieres, Chief Strategy & Trading Officer of Vantage, shared: “2024 has been a transformative year for Vantage. Celebrating 15 years of excellence, achieving a record number of industry awards, and successful partnership with McLaren, we have solidified our position as a global leader. As we look forward, our focus remains on innovation, empowering traders, and fostering a vibrant trading community.”

In addition to its business achievements, Vantage continues to make a positive impact through the Vantage Foundation, which addresses critical social challenges such as mental health, financial literacy, and social isolation. By supporting local charities and global initiatives, Vantage demonstrates its commitment to giving back and fostering community well-being.

With its sights set on 2025, Vantage aims to build on the strong foundation laid in 2024. By prioritizing technological innovation, community engagement, and sustainability, the company is poised to set new benchmarks in the trading industry.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.

Photo – https://mma.prnewswire.com/media/2582992/Vantage_Markets_Celebrates_a_Landmark_Year_Achievements_2024__Global.jpg

Logo – https://mma.prnewswire.com/media/2506103/Vantage_15_Logo_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/vantage-markets-celebrates-a-landmark-year-of-achievements-in-2024-302334377.html

Fintech PR

Vantage Australia Celebrates a Landmark Year of Achievements in 2024

Published

50 minutes ago

December 18, 2024

CISION (PR Newswire)

vantage-australia-celebrates-a-landmark-year-of-achievements-in-2024

SYDNEY, Dec. 18, 2024 /PRNewswire/ — Vantage Markets celebrates an outstanding year in 2024, marked by record-breaking achievements, meaningful partnerships, and impactful community contributions. From industry recognition to social responsibility initiatives, this year reflects Vantage’s dedication to excellence, innovation, and empowering traders globally.

Vantage received 26 prestigious industry awards in 2024, a 1.6x increase compared to the prior year. These accolades recognise the company’s leadership in trading innovation, customer service, and technology, affirming its position as a top-tier global trading platform.

This year marked Vantage’s three-year partnership with McLaren Racing, a collaboration built on shared values of speed, precision, and innovation. Together, they leveraged the global platform of motorsport to connect with millions of fans and traders, reinforcing Vantage’s commitment to performance and collaboration.

2024 also saw Vantage commemorate its 15th anniversary, a milestone reflecting its evolution from a single-market platform to a global trading powerhouse. Over the years, the company has empowered traders with cutting-edge tools, comprehensive education, and a seamless trading experience.

Jack Kelly, Head of Sales, Vantage Australia, reflected on the year:
“2024 has been nothing short of extraordinary for Vantage. From celebrating 15 years of innovation to receiving a record number of industry awards and a remarkable partnership with McLaren Racing, we’ve shown our commitment to excellence on every front. Moving forward, we remain dedicated to providing world-class trading solutions while fostering trust, innovation, and meaningful connections with our clients and partners.”

Beyond business success, Vantage made a significant impact through the Vantage Foundation, addressing critical social issues like mental health, financial literacy, and social isolation. By supporting local charities and global initiatives, Vantage continues to demonstrate its commitment to building stronger communities and making a positive difference.

As Vantage looks ahead, it plans to build on 2024’s successes by driving innovation, enhancing client experiences, and expanding its efforts to create lasting impact within the trading industry and beyond.

About Vantage

Vantage Markets (or Vantage) is a multi-asset broker offering clients access to a nimble and powerful service for trading Forex and Contracts for Difference (CFDs) products on, Commodities, Indices, Shares, ETFs, and Bonds.

Any reference to figures or awards pertains to Vantage group of companies.

trade smarter @vantage

Vantage Global Prime Pty Ltd (ACN 157 768 566), located at 12/15 Castlereagh Street, Sydney, NSW, Australia, 2000, and is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL no. 428901.

Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary.

You should consider whether you’re part of our target market by reviewing our Target Market Determination (TMD), reading our Product Disclosure Statement (PDS), and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.