Fintech PR
FINX is Now Available in Bancor Exchange, Bringing Southeast Asia’s Decentralized Banking to The Next Level
FINX, the pioneering decentralized digital banking platform in Malaysia, announced its addition to Bancor Exchange Network. This allows users to securely purchase, convert, and exchange the FINX token with hundreds of tokens within the network.
FINX has performed a leading blockchain technology in Southeast Asia (SEA) by simplifying the exchange process, which eliminates the third parties to secure users’ private information. With FINX inclusion at Bancor Exchange, this opens a new marketplace for buyer and seller, enabling transactions at anytime seamlessly. The Bancor Formula automatically calculates the rate, with conversions made directly through the token’s smart contract.
“We delve into the best fiat to cryptocurrency exchanges to overcome main financial challenges of SEA unbanked market. Our integration with Bancor streamlines the transaction between buyer and seller in one platform, offering an easy access for unbanked population to transact in crypto as easily as money sitting in a bank account,” said Alan Wee, CEO of FINX.
A research by KPMG stated, a vast majority of Southeast Asians don’t have access to banking facilities, reaching 438 million of unbanked individuals in the region. “We aim to provide full fledge decentralized banking platform to serve Southeast Asia from remittance to micro financing capability by 2021. In this case, fintech adds to the opportunity by creating an infrastructure to make an investment globally accessible and affordable,” added Alan.
Southeast Asia is particularly primed for the rise of digital transaction. It is driven by affordable high-speed internet connections, with the number of active mobile connections across the region now exceeds the total population by about 33%, according to a source by The Asean Post. With the increase in efficiency and real-time manner in digital process, blockchain technology will also see sudden investment boost, reaching over $3 trillion by 2030, as stated in Gartner’s research.
This overarching reach of blockchain technology inspires FINX to consistently increase the efficiency of overall process, allowing users to control and manage money anytime and anywhere from any devices at their fingertips. Integrated to the vivid token converter, FINX aims to enhance blockchain technology on top of the ladder, to make it easier to exchange digital currencies with fiat all through one single platform. For more information, please visit https://finxbanking.com/
SOURCE FINX
Fintech PR
H.I.G. Capital Closes $1 Billion Bayside Loan Opportunity Fund VII
MIAMI, Dec. 5, 2024 /PRNewswire/ — H.I.G. Bayside Capital, the special situations credit affiliate of H.I.G. Capital (“H.I.G.” or the “Firm”), a leading global alternative investment firm with $66 billion of capital under management, is pleased to announce the final closing of H.I.G. Bayside Loan Opportunity Fund VII (the “Fund”). The Fund closed with $1 billion of aggregate capital commitments and continues the Firm’s successful strategy of investing in special situation credit opportunities in the European middle market.
Established in 2006, H.I.G. Bayside’s European strategy invests primarily in senior secured European stressed and special situations credit, targeting equity-like returns. The Fund’s disciplined approach to portfolio construction and deal selection has consistently resulted in higher returns and a lower level of volatility relative to comparable credit indices. The Fund’s predecessor, H.I.G. Bayside Loan Opportunity Fund V, was named “Best Performing Debt Fund” by Private Equity Wire/Bloomberg in 2022.1
Sami Mnaymneh and Tony Tamer, H.I.G. Co-Founders and Co-Executive Chairmen, commented: “H.I.G. is one of the largest and most active credit investors dedicated to the middle markets. The H.I.G. Bayside Europe team benefits from our highly synergistic platform across the U.S., European, and Latin American middle markets, as evidenced by the risk-adjusted returns the Firm has generated over multiple cycles.”
Andrew Scotland and Duncan Priston, H.I.G. Bayside Europe Fund Co-Heads, commented: “We are very pleased to have fresh capital to deploy into one of the most compelling market environments for special situations credit investing where a significant number of levered European businesses are facing challenges. Our team is well positioned to capitalize on the investment opportunities available.”
Jordan Peer Griffin, Executive Managing Director and Global Head of Capital Formation, added, “We aim to provide limited partners with a full spectrum of investment opportunities across private equity, credit, and real assets in the middle market. Limited partner backing of the Fund demonstrates strong interest in the middle market and conviction in H.I.G.’s differentiated approach. We are thankful for the strong support the Fund received from a diverse and global investor base in North America, Europe, Asia, and the Middle East, including public and private sector pensions, endowments, foundations, asset managers, consultants, fund of funds, financial institutions, and family offices.”
1 H.I.G. Bayside Loan Opportunity Fund V was named “Best Performing Debt Fund Over $1.5B” by Private Equity Wire/Bloomberg in November 2022. |
About Bayside Capital
Bayside Capital is the special situations affiliate of H.I.G. Capital. Focused on middle market companies, Bayside invests across several segments of the primary and secondary debt capital markets with an emphasis on long term returns. With eight offices throughout the U.S. and Europe and over 500 investment professionals to draw upon, Bayside has the experience, resources, and flexibility required to generate superior risk-adjusted returns. For more information, please refer to the Bayside website at bayside.com.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $66 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to mid-sized companies, utilizing a flexible and operationally focused/value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.
*Based on total capital raised by H.I.G. Capital and affiliates. |
Contacts:
Jordan Peer Griffin
Executive Managing Director
[email protected]
Duncan Priston
Co-Head of Bayside Europe
[email protected]
Andrew Scotland
Co-Head of Bayside Europe
[email protected]
H.I.G. Capital
1450 Brickell Avenue
31st Floor
Miami, FL 33131
P: 305.379.2322
hig.com
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View original content:https://www.prnewswire.co.uk/news-releases/hig-capital-closes-1-billion-bayside-loan-opportunity-fund-vii-302323237.html
Fintech PR
SS&C to Present at Abu Dhabi Finance Week
WINDSOR, Conn., Dec. 5, 2024 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of software and software-enabled services for the financial services and healthcare industries, today announced that Bill Stone, Chairman and CEO, will present at Abu Dhabi Finance Week. The event, which takes place on Al Maryah Island in Abu Dhabi Dec. 9-12, is expected to draw more than 18,000 finance professionals from more than 100 countries.
Bill Stone will join Aron Landy, CEO of Brevan Howard, and Leda Braga, CEO of Systematica Investments, on the “Inside the Hedge Fund Industry” panel on Dec. 10 at 10:40 a.m. Dan Murphy, CNBC anchor and correspondent, will moderate.
A recording of the panel will be made available by the organizers after the event.
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, Linkedin and Facebook.
Logo – https://mma.prnewswire.com/media/692536/SSC_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ssc-to-present-at-abu-dhabi-finance-week-302323426.html
Fintech PR
Vantage Markets celebrates Copy Trading success with viral video campaign, featuring duets by top influencers from India and Vietnam
PORT VILA, Vanuatu, Dec. 5, 2024 /PRNewswire/ — In celebration of 15 years of empowering traders, Vantage Markets (“Vantage”) is thrilled to announce the resounding success of its latest copy trading video campaign, Join the Move, Mirror the Trade. The campaign, creatively blending dance and copy trading, has taken social media by storm with top influencers from India and Vietnam enthusiastically dueting with the video and amplifying its reach across the region.
With each influencer’s unique dance style syncing seamlessly with the video’s playful choreography, Join the Move, Mirror the Trade has achieved a widespread impact, inspiring a new wave of traders to explore the possibilities of copy trading. Featuring influencers such as Nguyen Pham from Vietnam and R Raj Sharma from India, the video campaign has created a vibrant, accessible way for new traders to learn about copy trading. This surge of influencer participation has helped Vantage spark a meaningful dialogue about financial empowerment, connecting with the next generation of traders in a fresh, dynamic way.
Join the Move, Mirror the Trade: Making Trading Accessible for All
At the heart of Vantage’s campaign is its Copy Trading feature, which allows users to mirror the strategies of experienced traders through an intuitive, user-friendly interface. This approach empowers new traders to build confidence and learn from seasoned experts in a simplified format – much like following dance moves in a duet. Through expanded multi-currency support, multi-account compatibility, and a low minimum deposit of $50, Vantage ensures that copy trading is within reach for traders of all levels.
Marc Despallieres, Chief Strategy and Trading Officer at Vantage Markets, commented, “Over the last 15 years, our commitment to trading excellence and innovation has only strengthened. The success of this campaign underscores our mission to empower and inspire the new generation of traders. Join the Move, Mirror the Trade truly captures the spirit of learning through connection, and we are thrilled to see how influencers and their audiences have embraced it.”
A Celebration of 15 Years of Innovation
This campaign marks an important milestone in Vantage’s 15-year journey of advancing financial inclusion and innovation in trading. Vantage’s vision of trading excellence continues to resonate globally, with this video campaign as a testament to its powerful, positive impact on a new generation of traders.
Watch the viral video and join the movement here.
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.
Video – https://www.youtube.com/watch?v=WPuXHY1e1pY
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-copy-trading-success-with-viral-video-campaign-featuring-duets-by-top-influencers-from-india-and-vietnam-302323652.html
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