Fintech PR
Chengdu Tianfu Software Park Reflects the Vitality of IP Innovation
Chengdu 23Mofang Bio-tech Company, a startup in Chengdu Tianfu Software Park, has recently published an academic paper on genome-wide association study of photic sneeze reflex in the Chinese population in the Scientific Reports journal under Nature.
23Mofang: Research method innovation
Genetic testing, a rising life science technology in recent years, has become a hot track of innovation and entrepreneurship. Chengdu 23Mofang Bio-tech Company is one of the top runners on the track. Due to the unremitting pursuit of the “Moore’s law” in genetic testing field that the price of direct-to-customer (DTC) genetic testing will be halved at intervals as a result of technology upgrade, more than 300,000 genetic samples of Chinese people have been brought to 23Mofang, making it top the list of Chinese DTC genetic testing companies with such a large database.
Genetic testing is closely related to biotechnology. 23Mofang has built a biological laboratory itself, which can conduct genetic testing for 400,000 people every year. It is also building a genetic testing laboratory ranking second largest in the world and first in Asia with an annual capacity of 4 million people. Furthermore, 23Mofang also works with some professional medical institutions to carry out research. The first academic paper of the company published in the Scientific Reports journal under Nature was a result of the collaboration with Mengqiao Wang, PhD, Assistant Professor at Sichuan University West China School of Public Health on photic sneeze reflex.
Photic sneeze reflex (PSR) is a phenotype that refers to sneezing in response to exposure to bright light. Through the genome-wide association study (GWAS) of a large number of samples from Chinese population, 23Mofang has for the first time proved the association between PSR and heredity, and verified that PSR is affected by multiple genes and it is not exclusive to certain races but is heritable in many different races.
With professional guidance from Dr. Wang on statistical modeling and data visualization and with application of scientific achievements, 23Mofang harnessed its advantages in data collection and analysis. Both sides worked together to overcome challenges, resulting in original scientific discoveries and paper publishing.
Dr. Wang said, “The U.S. DTC genetic companies such 23andMe have published many academic papers on genetics, physiology, and phenotypes, while Chinese DTC genetic testing companies are at the nascent stage, but with a bright future.”
Besides Sichuan University, 23Mofang reportedly cooperates with universities and research institutions such as Fudan University; Kunming Institute of Zoology, CAS; Army Medical University; Beijing Institute of Genomics, CAS; and University of Electronic Science and Technology of China, to mainly study the possible effects of genetics on physiology, economics, and social behaviors of the Chinese people.
Tianfu Software Park: Becoming a globally oriented technology R&D and innovation center
According to the overall situation of the Chinese scientific papers in 2017 reported by the Institute of Scientific and Technical Information of China, the 100 international papers with high influence in China in 2017 were published by 69 institutions, wherein, 80 were from colleges and universities, 14 were from research institutes, 5 were from hospitals affiliated to colleges and universities and other hospitals, and 1 was from a company. The inclusion of the company paper into the 100 papers with high influence shows that the influence of papers published in the name of companies in China is gaining influence. According to the statistics of Angang Technology, enterprises seldom published scientific papers in China 30 years ago, and the handful that published such papers were mostly state-owned heavy industry enterprises of some scale. Now, with new economy, private enterprises represented by 23Mofang are scrambling to publish international papers, the 3-decade shift from state-owned enterprises to private enterprises, from heavy industry to new economy, and from China to the world is truly remarkable.
The phenomenon of publishing papers in the name of enterprises is relatively rare. However, the research vitality of private enterprises in Chengdu is far more active than it seems, because enterprises are more inclined to apply for patents after obtaining some scientific achievements than publish papers. According to incomplete statistics, enterprises in Tianfu Software Park, one of the most active parks in terms of intellectual property activities, have applied for 22,000 patents (including PCTs) and possessed over 19,500 software copyrights, wherein, enterprises that possess more patents include TD Tech, DFINE, XGimi Technology, CK Science and Technology, Idealsee, Pinguo Technology, SKSpruce, and China Mobile IoT, etc., and enterprises with more copyrights include SuperMap Software, Jiaoda Guangmang, TD Tech, Aostar, ChinaWiserv Technologies, and Daqsoft, etc. And the above does not include holders of prolific patents and copyrights that have set up their R&D centers in Tianfu Software Park, such as IBM, Philips, Siemens, Ericsson, Dell, TCL, Alibaba, and Tencent.
The world-renowned R&D achievements of enterprises from Tianfu Software Park don’t come by accident. Adhering to a professional, platform-based and international development concept, Tianfu Software Park has been focusing on the frontier technology, combining new economy and traditional industries, and giving priority to the Belt and Road Initiative in recent years, and by serving as a platform and link, it has further integrated industrial resources to build the industrial ecology and promote industry innovation. Well-known domestic and overseas enterprises such as IBM, SAP, Alibaba, and Tencent have settled in the park. The “5Cs” Cultivation Program for entrepreneurship in Tianfu Software Park covers capital, talents, circles, markets, and entrepreneurship coaching, making it a successful incubator for some leading enterprises and brands such as Medlinker, XGimi, and Codoon.
The complete industry ecosystem furnishes sci-tech talents with a favorable environment to grow. Talents, whether junior level talents to mid to senior level talents, can all find a robust career development path in Tianfu Software Park, which creates a strong talent aggregation effect. A growing number of domestic enterprises are willing to set their national or even global R&D headquarters there; and in turn, more talents will be attracted to gather there, thus forming a virtuous circle. Industrial clusters in spheres of software product R&D, communication technology, IC design, mobile interconnection, digital entertainment, techfin, and shared service center, etc. have generally taken shape in the park, covering cloud computing, big data, artificial intelligence, Internet of Things, blockchain, and VR/AR, etc. The park, as a nationally-known innovation landmark, has now become an important destination for well-known domestic and foreign software and information service providers in their strategic layouts. Tianfu Software Park is becoming a globally oriented technology R&D and research innovation center.
SOURCE Chengdu Tianfu Software Park
Fintech PR
Hyundai Motor and Škoda Group to Collaborate on Hydrogen Advancement and Energy Efficient Solutions for Mobility
- Hyundai Motor Company and Škoda Group sign a Memorandum of Understanding (MOU) during the Korea-Czech Business Summit in Prague
- Both parties to cooperate in establishing a hydrogen economy and realizing a sustainable future mobility ecosystem
- Škoda Group to explore hydrogen mobility expansion by adopting Hyundai’s hydrogen fuel cell systems and technologies
SEOUL, South Korea and PRAGUE, Sept. 20, 2024 /PRNewswire/ — Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to commence collaboration on establishing a hydrogen mobility ecosystem.
The signing ceremony, which took place at the Korea-Czech Republic Business Summit in Prague, was attended by Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business at Hyundai Motor Company, and Petr Novotný, CEO of Škoda Group.
The MOU covers study on adoption of hydrogen fuel cell systems and technologies, study on adoption of energy efficient solutions for mobility projects and products, and exploring hydrogen ecosystem and value chain opportunities beyond mobility.
“Our partnership with Škoda Group aims to accelerate hydrogen adoption, which would contribute to the advancement of hydrogen technology and carbon neutrality across global markets, including the Czech Republic,” said Executive Vice President Ramírez. “Together with Škoda Group, we strive to lead the rapidly growing hydrogen businesses by creating positive synergies between our fuel cell technology and Škoda Group’s mobility products and projects.”
“We believe that hydrogen, alongside energy-efficient solutions, will play an essential role in transforming mobility for a more sustainable future. Our collaboration with Hyundai Motor Company aims at enabling us to look beyond national borders and explore wider markets where these technologies can have a larger impact. By working together, we can bring innovative, eco-friendly solutions to the global mobility ecosystem, advancing cleaner energy in the areas where it’s needed most,” said Petr Novotný, CEO of Škoda Group.
Both parties share the view that hydrogen will be a key pillar for a sustainable society, starting with mobility. As part of the MOU, the parties will explore the possibility that Hyundai would share its fuel cell system and technology, contributing to the acceleration of eco-friendly mobility across global markets where Škoda Group operates, including the Czech Republic.
Hyundai Motor Company and Škoda Group will also conduct feasibility studies for fuel cell system applications for diverse utilization beyond mobility. Leveraging its global expertise and insights in operating various hydrogen applications in both mobility and energy sectors, Hyundai is poised to play a pivotal role in aiding the energy transition.
Hyundai Motor Group is committed to building a hydrogen society under its hydrogen value chain business brand HTWO, which encompasses the Group’s businesses and affiliates, enabling each stage of the entire hydrogen value chain.
Hyundai Motor Manufacturing Czech (HMMC) in Nošovice, established in 2008, has an annual manufacturing capacity of 350,000 vehicles. Considered one of the most modern car manufacturers in Europe, the manufacturing plant was also the largest foreign investment in the Czech Republic.
– End –
Photo – https://mma.prnewswire.com/media/2510890/Image__Hyundai_and__koda_Sign_MoU_to_Collaborate_on_Hydrogen_Advancement_and_Energy_Efficient_Solut.jpg
PDF – https://mma.prnewswire.com/media/2510891/Press_Release.pdf
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/hyundai-motor-and-koda-group-to-collaborate-on-hydrogen-advancement-and-energy-efficient-solutions-for-mobility-302254104.html
Fintech PR
Banking as a Service Market to Reach $22.6 billion, Globally, by 2032 at 19.3% CAGR: Allied Market Research
An increase in the use of digital transformation technology in banks, along with streamlining financial services drives the growth of the market. In addition, the rise in the adoption of banking & financial sectors across the globe fuels the growth of the market.
PORTLAND, Ore., Sept. 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Banking as a Service Market by Component (Platform and Service), Type (API-based Bank-as-a-service and Cloud-based Bank-as-a-service) and End User (Banks, FinTech Corporations/NBFC and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032“. According to the report, the “banking as a service market” was valued at $4 billion in 2022, and is projected to reach $22.6 billion by 2032, growing at a CAGR of 19.3% from 2023 to 2032.
Get Your Sample Report & TOC Today: https://www.alliedmarketresearch.com/request-sample/A14258
An increase in the use of digital transformation technology in banks, along with streamlining financial services drives the growth of the market. In addition, the rise in the adoption of banking & financial sectors across the globe fuels the growth of the market. Moreover, continuous technological innovations as well as a rise in internet and mobile penetration are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, the increase in cyber-attacks and the high cost of adoption limits the growth of the banking as a service market.
The platform segment held the highest market share in 2022.
By component, the platform segment dominated the market in 2022, this dominance is driven by the increasing demand for integrated banking solutions that allow financial institutions and fintech companies to offer a wide range of banking services through a single, scalable platform. These platforms enable seamless integration of various financial services such as payments, lending, and account management into third-party applications, making them highly valuable in the rapidly evolving digital banking ecosystem. However, the service segment is expected to witness the largest CAGR of 21.4%, this growth is driven by the increasing need for consulting, integration, and support services that help financial institutions and fintech companies effectively implement and manage BaaS platforms. As more businesses adopt digital banking solutions, the demand for specialized services to ensure seamless platform integration, regulatory compliance, and ongoing technical support is rising.
The banks segment held the highest market share in 2022.
By end user, the banks segment accounted for the largest share in 2022. This dominance is due to banks extensive infrastructure and established networks that facilitate international transactions. Their broad range of services, including secure handling of funds, comprehensive financial offerings, and strong regulatory compliance, contribute to their leading position in the banking as a service market. However, the others segment is expected to witness the largest CAGR of 20.4%. In the rapidly evolving Banking-as-a-Service (BaaS) market, several government initiatives and investment firms are poised to witness significant growth. The regulatory frameworks not only foster innovation but also create a conducive environment for BaaS growth. Similarly, investment firms like Accel Partners, Sequoia Capital, and Andreessen Horowitz are heavily investing in fintech and BaaS platforms, fueling their growth and development.
Purchase This Comprehensive Report (PDF with Insights, Charts, Tables, and Figures) @
https://bit.ly/3Zrz5Ta
Regional Insights: The Europe region held the highest market share in 2022.
By region, the banking as a service market was dominated by Europe in 2022. This dominance is largely attributed to the region’s early adoption of open banking regulations, such as the revised payment services directive (PSD2), which has fostered collaboration between traditional banks and fintech companies. Europe’s regulatory environment encourages innovation and competition in financial services, making it a leading market for BaaS platforms.
Key Industry Developments
- In May 2024, Fintech unicorn Zeta launched a digital credit-as-a-service product for its enterprise customers, primarily banks. The product is based on the credit lines on the UPI scheme that the Reserve Bank of India rolled out in September to reduce the cost of financial services and allow users to access pre-approved credit through their UPI-linked accounts.
- In May 2024, AppTech Payments Corp. launched InstaCash, which utilizes the BaaS for virtual accounts, debit and credit cards, and high-interest-yielding financial products.
- In September 2023, Konsentus partnered with Brankas to enable financial institutions, central banks, and regulators to accelerate their open finance journeys. The integrated technology solutions will deliver ease of use, security, and cost-efficiency for those setting up or participating in open ecosystems.
Get More Information Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A14258
Players: –
- Solaris SE
- Bnkbl Ltd
- Treasury Prime
- Block Inc.
- MatchMove Pay Pte Ltd
- ClearBank Ltd
- Stripe Inc.
- Green Dot Corporation
- Starling Bank
- Banco Bilbao Vizcaya Argentaria
- S.A.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the banking-as-a-service market analysis from 2022 to 2032 to identify the prevailing banking-as-a-service market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the banking-as-a-service market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global banking-as-a-service market trends, key players, market segments, application areas, and market growth strategies.
Access Your Customized Sample Report & TOC Now: https://www.alliedmarketresearch.com/request-for-customization/A14258
Banking-as-a-Service Market Key Segments:
By Component
- Platform
- Service
By Type
- API-based Bank-as-a-service
- Cloud-based Bank-as-a-service
By End User
- Banks
- FinTech Corporations/NBFC
- Others
By Region
- North America (U.S., Canada)
- Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
Trending Reports in BFSI Industry (Book Now with 10% Discount + Covid-19 scenario):
U.S. Banking-as-a-Service Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Type, by End User: Opportunity Analysis and Industry Forecast, 2022-2032
UK Banking-as-a-Service Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Type, by End User: Opportunity Analysis and Industry Forecast, 2022-2032
API Banking Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Deployment, by Enterprise Size: Global Opportunity Analysis and Industry Forecast, 2023-2032
AI in Banking Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, Enterprise Size, Applications and Technology: Global Opportunity Analysis and Industry Forecast, 2021-2030
Neo and Challenger Bank Market Size, Share, Competitive Landscape and Trend Analysis Report, by Service Type and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington,
New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
[email protected]
BFSI Blog
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/banking-as-a-service-market-to-reach-22-6-billion-globally-by-2032-at-19-3-cagr-allied-market-research-302254098.html
DUBAI, UAE, Sept. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, welcomes new users aboard in select markets with P2P coupons valued at up to $20.
From now to Oct. 13, eligible users may unlock P2P coupons worth up to $20 by fulfilling one or both of the following tasks:
- First-time deposit: new users who make a deposit of $100 or more in any assets on Bybit P2P for the first time within 7 days of registering on Bybit may receive a P2P coupon for $10.
- First trade: users who complete their first trade on Bybit’s Spot or Derivatives on any trading pair achieving a minimum trading volume of $100 may qualify for $10 in P2P coupons.
P2P on Bybit is an intuitive peer-to-peer trading platform for both takers and makers. Offering comprehensive benefits for the community, Bybit P2P provides a wide array of supportive initiatives for users, including the P2P Hiring Program for long-term merchants and Advertiser Programs for top performing P2P advertisers and verified advertisers, helping users achieve their goals.
Winners may use P2P coupons for all fiat currencies supported on Bybit P2P, an ultra user-friendly marketplace that offers mainstream coins including ETH, BTC, USDT and USDC at zero transaction fees for takers.
The coupons are offered on a first-come-first serve basis. This promotion is available for eligible users in selected regions only. Find out more: [Selected Countries Only] P2P Coupons Worth $20 for You!
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2510766/Bybit_P2P_Taps_Into_Select_Markets_With_Welcome_Offers.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-p2p-taps-into-select-markets-with-welcome-offers-302254078.html
-
Fintech PR6 days agoKuCoin Cares Extends up to 10,000 KCS Humanitarian Aid to Typhoon Yagi Victims in Vietnam
-
Fintech PR6 days agoResponse to possible offer announcement by ABC Technologies Inc. (“ABC Technologies”)
-
Fintech PR6 days agoTIME, Statista Name Three SM companies Among World’s Best Companies
-
Fintech PR7 days agoSeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition
-
Fintech PR2 days agoZulu Ecosystems and Severn Trent Water secure Innovate UK funding to pioneer catchment-scale Nature-based Solutions
-
Fintech PR2 days agoMiami International Holdings Announces Index Licensing Agreement with Bloomberg
-
Fintech PR2 days agoPolus Capital Management Secures ADIA Commitment for Special Situations Strategy
-
Fintech PR5 days agoKleo Teams Up with Londis to Enhance Convenience Store Operations with Advanced EPOS and MPOS Solutions