Fintech PR
FDX Managing Director Don Cardinal Testifies Before Congress on Big Data in Banking and Financial Data Security
Today, Financial Data Exchange Managing Director Don Cardinal testified before the U.S. House Committee on Financial Services Task Force on Financial Technology, regarding the role of big data in financial services and the protection of consumer privacy.
In his testimony, Cardinal explained that technological innovations in financial services have empowered consumers with tools to control and understand their financial lives. The required financial data has traditionally been collected through an automatic process called screen scraping, which depends upon consumers to permission access through the use of their financial institution login credentials. Cardinal informed the Committee that FDX was formed to promote next-generation technology, moving the financial services industry away from screen scraping and toward the adoption of a common application programming interface (API) standard, the FDX API, to access consumer financial data.
Fintech apps and programs that utilize the FDX API allow consumers to log in and be authenticated directly by their own financial institutions, and then permission specific data for the chosen app. “Through broad adoption of the FDX API, screen scraping will eventually cease, while the flow of user permissioned data will encounter less friction, yet be more secure and reliable than ever,” Cardinal said. “This is the end state that everyone is working to – whether you’re a bank or brokerage, an aggregator or financial technology company.”
Cardinal pointed out that the only financial data that will be accessed with the FDX API is that which the consumer has expressly consented and permissioned to share with the specific fintech apps the consumer chooses. By defining specific use cases, the FDX API limits the collection of data to only that which is needed and consumer authorized. All use cases are guided by the Five Core Principles of Financial Data Sharing – Control, Access, Transparency, Traceability, and Security – which represent the organization’s understanding of the essential elements of a secure, transparent approach to the sharing of financial data.
The nonprofit’s membership consists of a wide range of fintech companies, local banks and credit unions, the largest financial institutions and consumer advocacy groups. The FDX API provides the framework necessary to provide scalable technology solutions so that even the smallest financial institutions are now able to offer the same fintech services and tools as the largest financial institutions at a fraction of the cost. The FDX API is royalty-free to use in perpetuity by all parties.
“FDX represents the financial services ecosystem coming together to put the consumer in the driver’s seat regarding the use and sharing of their financial data. Consumer demand for fintech apps has been the leading force behind the massive innovation that has taken place in financial services, and FDX believes the entire financial ecosystem is best positioned to ensure that these consumers are empowered and have the tools to share and use their financial data in the most secure manner possible,” Cardinal stated.
The financial services industry has been quick to adopt the FDX API standard in response to growing consumer and business demand for control over data. Earlier this month, FDX announced that the group’s membership has steadily grown through 2019 and now includes 72 members – compared to 23 at its 2018 launch. In January 2019, more than 2 million U.S. customers were empowered through the FDX API. Today, more than 5 million U.S. customers are benefiting from the FDX standard and FDX expects to have it rolled out to 8 million customers by year-end and approximately 12 million by April 2020.
SOURCE Financial Data Exchange
Fintech PR
CE-LINK Unveils Next-Gen Solid-State Battery Power Bank, Leading a New Era of Mobile Charging
HONG KONG, April 9, 2025 /PRNewswire/ — CE LINK LIMITED (“CE-LINK”), a leading manufacturer of consumer electronics, is thrilled to introduce its latest generation of power banks, featuring revolutionary solid-state battery technology, redefining safety and performance. From April 11-14, visit booth 3A-02, Hall 3 at AsiaWorld–Experience this game-changer at the upcoming Global Sources Electronic Show in Hong Kong.
Advancing Safety and Performance with Solid-State Technology
CE-LINK’s next-gen power banks replace liquid lithium-ion batteries with advanced solid-state lithium-ion polymer batteries for superior benefits:
- Superior Safety: The non-flammable solid electrolyte eliminates fire and explosion risks of traditional liquid batteries. Tested under extreme conditions—steel needle puncture, extrusion, drop, overcharge, and overdischarge—these power banks ensure unmatched safety.
- Extended Lifespan: Solid-state batteries far exceed the life cycle of traditional lithium batteries, making them a more sustainable choice. These power banks retain over 80% of their original capacity even after 500 charge cycles.
- Wider Operating Temperature: Supports 0°C to 45°C for charging and -20°C to 60°C for discharging. They maintain stable performance in both hot and cold environments, making them ideal for outdoor exploration and polar scientific research scenarios.
Versatile Power Bank Series to Meet Diversified Needs
CE-LINK’s new power bank lineup caters to diverse user scenarios with multiple models:
- PD Slim Power Bank (5000mAh & 10000mAh): Ultra-thin 10.8mm design fits easily in pockets and bags. The storable USB-C lanyard cable makes it perfect for commuting and short trips.
- Built-in Retractable Cable Power Bank (5000mAh/10000mAh): Features a patented 75cm USB-C retractable cable, tested for 10,000 uses. With a gentle pull, the cable retracts smoothly from any length—ideal for frequent travelers.
- USB-C Power Bank (5000mAh): A push-slip design extends and stows the USB-C port for charging and protection. Rigorously plugging and pulling tested 10,000+ times, ensuring durability. Built-in zinc alloy bracket adds usage flexibility.
- 67W 2-in-1 Power Bank (10000mAh): Combines a GaN charger and power bank, with a foldable AC pin supporting global voltage. The intelligent LCD screen shows real-time output power of each port, and 67W output charges laptops, tablets, and phones simultaneously—ideal for business professionals.
CE-LINK remains dedicated to pioneering cutting-edge charging solutions that enhance user experience. “Solid-state battery technology is the future of power banks,” said Erica, Product Manager at CE-LINK. “This launch not only brings unparalleled safety and performance to users but also drives the industry towards more efficient and reliable power solutions.”
About CE-LINK
Founded in 2004, CE-LINK is a leading OEM and ODM company dedicated to developing cutting-edge consumer electronics solutions. With over 20 years of precision manufacturing expertise, CE-LINK leads innovation, focusing on research, development, and sustainability to deliver next-gen technologies that meet the evolving needs of global consumers and businesses.
For more information on CE-LINK, please visit www.ce-link.com.
Or following them on:
LinkedIn: www.linkedin.com/company/ce-link
Facebook: www.facebook.com/CELINK.ELECTRONICS
Media Contact: market@ce-link.com
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View original content:https://www.prnewswire.co.uk/news-releases/ce-link-unveils-next-gen-solid-state-battery-power-bank-leading-a-new-era-of-mobile-charging-302423229.html
Fintech PR
Hex Trust Partners with IDA to Provide Institutional-grade Custody for Stablecoin Products
HONG KONG, April 9, 2025 /PRNewswire/ — Hex Trust, a leading digital assets financial institution specializing in custody, staking, and markets services has partnered with IDA, a premier HK-based fintech company. Through this collaboration, Hex Trust will provide licensed, institutional-grade custody services for IDA’s stablecoin products, enabling compliant and seamless cross-border commerce and digital payments.
With its multi-jurisdictional licenses, and deep institutional expertise, Hex Trust will ensure secure and compliant custody solutions that uphold regulatory standards and enhance security for all transactions with IDA. Furthermore, IDA and Hex Trust will collaborate to explore real-world use cases for cross-border trade, aiming to enhance payment efficiency while ensuring regulatory requirements.
“The stablecoin initiative will strengthen Hong Kong’s competitive edge as a global financial hub,” said Giorgia Pellizzari, Managing Director and Head of Custody of Hex Trust. “Our role as an institutional-grade custodian reflects our commitment to fostering a secure and compliant financial ecosystem for digital assets. We’re excited to partner with IDA to propel the success of this innovative product.”
Sean Lee, Co-Founder and CSO of IDA, stated, “This marks just the beginning of our partnership. Beyond custody, we are exploring new opportunities to unlock global trade and commerce, enabling smoother transactions in collaboration with Hex Trust.”
In addition to the stablecoin solution, IDA is developing a comprehensive financial infrastructure to bridge stablecoin operations with enhanced connectivity between blockchain networks and traditional financial systems. Hex Trust and IDA are also exploring deeper collaborations, including FX features, on this robust platform to foster a thriving stablecoin ecosystem.
About Hex Trust
Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking, and markets services to builders, investors, and service providers. Get access to our comprehensive, secure, and regulated suite of services built on our proprietary and fully integrated infrastructure. For more information, visit Hextrust.com or follow Hex Trust on LinkedIn, X, and Telegram.
About IDA Finance Hong Kong Limited (IDA)
IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.
IDA will launch a stablecoin product which is designed to drive enhanced connectivity of digital currency for seamless commerce and payments between Hong Kong and global markets, 24/7/365. To maintain the highest level of security and stability, all circulating stablecoins will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.
More information can be found at idafi.xyz / LinkedIn / X
Disclaimer:
This post is for informational purposes only and is not financial, investment or other advice, nor a recommendation, endorsement, offer, solicitation or sale of any kind in any jurisdiction. As always, users should do their own research and are urged to seek independent financial, investment and other advice before taking any initiative in connection with the information contained herein. The information contained in this article is intended to be current at the time of publication, but may not remain so indefinitely. Products or services mentioned in this material are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions nor to all persons.
Photo – https://mma.prnewswire.com/media/2493285/IDA_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/hex-trust-partners-with-ida-to-provide-institutional-grade-custody-for-stablecoin-products-302423239.html
AMSTERDAM, April 8, 2025 /PRNewswire/ — OCI Global (Euronext: OCI) a leading global producer and distributor of hydrogen products today announced that it has reached a support agreement (the “Support Agreement”) with a group of holders (the “Bondholder Group”) of its U.S.$ 600,000,000 6.700 per cent Notes due 2033 (the “Bonds”), relating to the treatment of the Bonds following the completion of the announced sale of OCI’s Global Methanol Business to Methanex Corporation (the “MetCo Transaction”). The Bondholder Group includes members holding Bonds with a principal amount in excess of 60% of the total outstanding principal amount of the Bonds.
Under the terms of the Support Agreement:
- OCI agrees that it will launch a tender offer for the Bonds within 5 business days of the successful closing of the MetCo Transaction, and each member of the Bondholder Group agrees to support and tender into any such tender offer. The tender offer will be on customary terms and offer a price of 110.75% of par, plus accrued and unpaid interest; and
- Each member of the Bondholder Group agrees that it will support any amendment to the Bonds proposed by OCI, which amends the documentation governing the Bonds to (1) insert a right of OCI to redeem the Bonds on or after the closing of the MetCo Transaction at a price of 110.75% of par, plus accrued and unpaid interest, and (2) waiving any alleged defaults or events of default that may be outstanding under the documentation governing the Bonds.
Hassan Badrawi, CEO of OCI commented: “We are delighted to have reached agreement with a large group of our bondholders, with a view to an orderly pay down of our capital structure upon the closing of the MetCo Transaction. OCI has a long and positive history in the bond markets and values its relationship with its investors, so we are pleased to have structured a deal that allows everyone to participate and rewards bondholders fairly for their faith in OCI over all these years.”
This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
ABOUT OCI GLOBAL
Learn more about OCI at www.oci-global.com. You can also follow OCI on LinkedIn.
CONTACT
Sarah Rajani CFA
Global Vice President, Investor Relations & Communications
Email: sarah.rajani@oci-global.com
View original content:https://www.prnewswire.co.uk/news-releases/oci-global-announces-agreement-with-bondholders-302423892.html
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