Fintech PR
Enterprise Ireland Showcases Irish Fintech Edge at Singapore Fintech Festival
Enterprise Ireland(www.irishadvantage.com/fintech), the second largest investor in fintech companies in the world, will showcase the capabilities of Ireland’s fintech sector at the Singapore Fintech Festival, which takes place in Singapore from 11-15 November 2019. Thirteen global leading Irish fintech companies, many with strong links to Singapore, will participate in the event representing a range of fintech capabilities from regtech to biometrics, currency exchange to insurtech.
Irish fintech exports to the Asia Pacific region grew over 200% in 2019. Ireland’s fintech advantage is particularly closely aligned with Singapore’s – both being anchored in friendly business environments that support innovation as well as advanced talent pools that enable those innovations to be realised and taken to market.
Irish fintech companies are establishing a significant footprint in the region through local partnerships and an expanded presence in the region. These include a recently inked deal between award-winning Irish regtech provider Know Your Customer and Singapore global private markets platform CapBridge to deliver fast and reliable client onboarding to investors on its innovative private market platform. Award-winning RegTech provider Know Your Customer will be powering the private investment platform’s seamless and secure digital onboarding process for all investors. This partnership comes after CapBridge received approval from its regulator to extend private equity access to retail investors – further lowering the barriers of private equity investing for Singapore investors as well as broadening the liquidity pool for companies on the global private markets platform.
Additionally, some of the milestones crossed by Singapore Fintech Festival-exhibiting Irish companies in the region indicate a growing demand for Irish fintech solutions.
- Money transfer service CurrencyFair launched their service to Singaporean-based consumers in June
- MyComplianceOffice(MCO) opened their Singapore office in September, with the impetus being an expanding business in Asia and Australia
- TransferMate gained their Singapore license in 2019 and also opened their Singapore office
- SupTech leader Vizor won a contract with the Monetary Authority of Singapore in 2019 adding to an Asia-Pacific roster which also includes the Monetary Authority of Brunei (AMBD) & Australian Prudential Regulation Authority (APRA).
As a global hub for finance, technology and investor activity, Ireland is a hotbed of fintech innovation, helping the industry respond to challenges and opportunities from the digitisation of banking to new payments models and ever-changing compliance requirements. In 2018, Enterprise Ireland invested in 23 fintech startups and has invested in over 85 fintech startups since 2014. Enterprise Ireland’s portfolio of 200 + financial services and fintech clients generated over 1 billion Euro in revenue annually. Six Irish fintech companies are on the global regtech 100 list including Fenergo who will be part of the Irish delegation at the Singapore Fintech Festival.
Ireland’s national Irish Advantage Stand which is located at 4N17 will also showcase the capabilities of Assure Hedge, ClaimVantage, CurrencyFair, Daon, Ding, Fineos, MyComplianceOffice, Taxback Group, TransferMate and Vizor.
Speaking ahead of Singapore Fintech Festival, Mr. Kevin Ryan, Enterprise Ireland’s Director for ASEAN said: “Ireland and Singapore’s journeys in fintech have numerous similarities – not least the fact that both are small countries with a large impact on the global economy. Ireland is now the fourth-largest exporter of financial services in the EU, with over 250 of the world’s leading financial services firms operating here and nearly half of all global hedge fund assets are serviced in Ireland. It has also become a source of fintech innovation and in particular a centre for regtech and paytech innovation.“
“We are seeing increased demand for the kinds of services that Irish fintech companies excel at delivering and we hope to see increased partnership between Irish and Asian companies in driving further innovation in the creation and delivery of fintech solutions.”
The Irish delegation will be present at Singapore Fintech Festival (Stand 4N17).
SOURCE Enterprise Ireland
GENEVA, Nov. 4, 2024 /PRNewswire/ — Swiss private banking group CBH Compagnie Bancaire Helvétique announces the appointment of Enid Yip as the new CEO of its subsidiary CBH Asia. Mrs Yip will also lead the Asia Regional Committee. Based in Hong Kong, CBH Asia is a key part of the Group’s strategic commitment to expand its presence in the region.
Concurrently, Patrick Wong, who has overseen the Asia business since 2017, has been appointed Deputy Chief Executive Officer. Mr Wong will continue to manage Operations, Regulatory and Compliance, and IT, while Mrs Yip will focus on enhancing the firm’s client offering and driving business development in line with the Group’s long-term strategy for Asia. With its entrepreneurial approach and exclusive and bespoke investment offering, CBH Asia offers compelling advantages to clients and relationship managers in the region.
A seasoned executive, Mrs Yip brings over 25 years of experience in successfully growing wealth management institutions in Asia. Most recently she was with LGT. Prior to that, she was a Member of the Board at Bank J. Safra Sarasin, having previously served as their Chief Executive Officer, Asia, overseeing the bank’s expansion in the region. Earlier in her career, Mrs Yip held various senior positions in the private banking industry.
Simon Benhamou, CBH Bank Chief Executive Officer said: “We are delighted to welcome someone of Enid’s calibre to lead CBH Asia. Her extensive experience and strong leadership will be instrumental in furthering our growth in key Asian markets. Our people are our greatest asset and with Enid’s strong commitment to our core values of entrepreneurship and teamwork, we are confident that she will further strengthen CBH Asia’s success. We extend our best wishes to Enid on her appointment.”
Mrs Yip said: “I am delighted to be joining a Group that fosters an environment where we can achieve great results by pursuing excellence with creativity. I am determined to expand CBH’s footprint in the region, building on our established expertise and maintaining our long-term vision of adding value for both clients and stakeholders.”
About CBH | Compagnie Bancaire Helvétique
CBH Compagnie Bancaire Helvétique is a family-owned Swiss banking group founded in 1975. Headquartered in Geneva, the Group currently counts close to 309 professionals in 10 locations around the world. As of December 31st, 2023 client assets totaled CHF 14.3 billion and the Group’s Tier 1 ratio was 43%, placing it among the best capitalized banks in Switzerland compared to its peers.
CBH Group provides wealth management services to private and institutional clients, as well as several complementary business lines, including family office solutions, asset services & structuring, exclusive private markets expertise, and bespoke daily banking and card solutions.
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The November editions of FinTech Magazine & InsurTech Digital includes interviews with leading experts and executives from
LONDON, Nov. 4, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has released the latest editions of FinTech Magazine and InsurTech Digital These publications are highly regarded by voices within the Financial Sector for their in-depth reports and interviews with prominent figures in the industry.
FinTech Magazine
This month’s edition features an exclusive lead interview with Lloyds Banking Group CIO, Amit Thawani as it undertakes a huge transformation to meet its 27 million customers evolving needs.
“At Lloyds Banking Group it’s all about people. Our people can make a real difference to the UK population who are not prepared for their tomorrow “
The edition also contains extensive interviews with key thought leaders from Coupa, TerraPay and more. Plus the Top 10: Largest Firms involved in Financial Services,
You can visit FinTech Magazine for daily news and analysis of the ever-changing financial industry.
InsurTech Digital
This month’s edition features an exclusive lead interview with Qover CEO Quentin Colmant on how AI will ‘reshape how we create value’
“Each decision has felt monumental, with no guaranteed outcomes, but this unpredictability has been incredibly rewarding”
The edition also contains extensive interviews with key thought leaders from Lloyds Banking Group, Kin Insurance and more. Plus the Top 10: Insurance Products of 2024
You can visit InsurTech Digital for daily news and analysis of the ever-changing financial industry.
About BizClik
BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.
BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.
For more information, please visit our website.
View original content:https://www.prnewswire.co.uk/news-releases/bizclik-media-launches-november-editions-of-fintech-magazine–insurtech-digital-302295572.html
PARIS, Nov. 4, 2024 /PRNewswire/ — Dechert has advised Poxel (Euronext: POXEL), a clinical-stage biopharmaceutical company, on its non-dilutive financing agreement with OrbiMed for US$50 million. This transaction monetizes a portion of Poxel’s future royalties and sales-based payments from TWYMEEG® sales by Sumitomo Pharma in Japan.
The financing is set to bolster Poxel’s strategic initiatives in rare diseases, reduce its debt and support general corporate purposes. The deal underscores the significant value of TWYMEEG® in Japan and strengthens Poxel’s financial position.
Poxel is listed on Euronext Paris, developing innovative treatments for chronic serious diseases with metabolic pathophysiology, including non-alcoholic steatohepatitis (NASH) and rare metabolic disorders. OrbiMed is a leading healthcare investment firm dedicated to accelerating innovation in the biopharmaceutical industry.
The Dechert team that advised Poxel includes corporate and securities partners Patrick Lyons and David Rosenthal; global finance partner Privat Vigand; intellectual property partner Olivia Bernardeau-Paupe; global finance partner Sarah Milam; tax partner Sabina Comis; and associates Etienne Bimbeau, Pierre-Emmanuel Floc’h, Chloe Lebret, Julie Lecomte, Vianney Toulouse and Yasmin Yavari.
About Dechert
Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our nearly 1,000 lawyers across 20 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.
View original content:https://www.prnewswire.co.uk/news-releases/dechert-advises-poxel-on-us50-million-non-dilutive-financing-agreement-with-orbimed-302295559.html
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