Fintech PR

Team Telecom Armenia announces IPO in Armenia with Ameriabank as the sole arranger

Published

1 year ago

June 22, 2023

team-telecom-armenia-announces-ipo-in-armenia-with-ameriabank-as-the-sole-arranger

YEREVAN, Armenia, June 22, 2023 /PRNewswire/ — Team Telecom Armenia, one of the largest telecommunication companies in Armenia, launched Initial Public Offering (IPO) with Ameriabank acting as the sole arranger for the process. This strategic collaboration marks a significant milestone in the local capital market as the first ever IPO by a TMT sector company. The deal will enable Telecom Armenia to further capitalize on its growing infrastructure, enhance its market presence and drive innovation in Armenia’s dynamic telecommunications sector.

The company will use the raised funds for the rollout of the fiber optic NGN network throughout Armenia, the launch of the 5G mobile network, and the activation of new international channels. Being engaged in the field of digital technologies, the company will also introduce modern digital tools and solutions as well as implement other ambitious projects.

“Today marks a significant milestone for Team Telecom Armenia as we embark on our Initial Public Offering, a testament to our commitment to growth, innovation, and delivering exceptional telecommunications services. This IPO will not only strengthen our infrastructure and market presence but also provide an opportunity for investors to join us on this exciting journey. Together, we will shape the future of Armenia’s telecommunications sector,” commented Hayk Yesayan, CEO of Team Telecom Armenia.

Ameriabank, the leading investment bank in Armenia and largest financial institution in the local securities market, acts as the sole arranger and bookrunner for the AMD 8,240 million offering, structured in compliance with the local regulatory requirements and to be listed on Armenia Securities Exchange after the placement. To enhance accessibility for potential retail investors, Team Telecom shares are also available for purchase through MyInvest platform on Ameriabank’s mobile app. The platform allows investors to purchase the stocks online, ensuring a streamlined and digitally-enabled investment experience.

With a proven track record in transaction advisory services across various sectors, Ameriabank’s most recent significant deal in the local capital market includes the successful execution of the largest-ever corporate bond transaction in Armenia for the Zangezur Copper Molybdenum Combine (ZCMC), one of the top molybdenum producers in the world. Acting as the lead arranger and market-maker, Ameriabank engaged international institutional investors such as the European Bank for Reconstruction and Development, the Black Sea Trade and Development Bank, among them, as anchor investors.

Artak Hanesyan, CEO at Ameriabank, commented; “We are delighted to partner with Team Telecom Armenia and bring our expertise and network to ensure smooth execution of the company’s IPO. This is a truly landmark transaction for the local capital market and will greatly support the development of equity market in Armenia. We expect to have a well-diversified book with active participation of both retail and institutional investors, which will ensure liquid and deep secondary market.”

The announced IPO is another milestone in the development of Team Telecom Armenia, following the $45 million financing program launched in May 2022. The loan facilitated by the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD) and Ameriabank was aimed at implementing high-speed internet infrastructure in Armenia, including the expansion of its 4G mobile network and the construction of the 25 Gb/s speed NGN (Next Generation Network) network across Armenia. The deal offers faster internet services to at least 1.1 million subscribers of the mobile system, and fiber optic internet access to more than 450,000 households.

The expansion and access to capital through Team Telecom Armenia IPO are expected to have a positive impact on Armenia’s economy as the ICT (Information and communication technologies) sector has been consistently achieving double-digit annual growth rates, becoming one of the top three largest contributors to the country’s GDP growth for recent 4 years. According to the most recent statistics, ICT registered over 60% growth in 2023 Q1, contributing by 2,93 pp to GDP growth and becoming the largest contributor to GDP growth in 2023 Q1.

About Team Telecom Armenia

Team Telecom Armenia is an entirely Armenian brand and a powerful team of thousands of professionals. The company operates in the field of telecommunications in Armenia, which provides mobile and fixed Internet services, as well as digital television, mobile and fixed telephone services. Team builds a unique NGN (Next Generation Network) with a bandwidth of 25 Gb/s and provides Internet, digital television, mobile, and fixed communication services throughout Armenia.

About Ameriabank

Ameriabank is a leading financial institution and a major contributor to the Armenian economy. Being a dynamically developing universal bank, Ameriabank provides a large package of innovative banking services through its omni-channel distribution platform and with clear focus on digital products and ecosystems. Ameriabank has adopted a customer-focused approach to ensure service quality and modern banking experience in an evolving digital environment. Ameriabank is committed to doing business responsibly and advancing Armenia’s transition towards a sustainable future.

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Fintech PR

Fraud Detection & Prevention Market to Reach $252.7 Billion, Globally, by 2032 at 24.3% CAGR: Allied Market Research

Published

1 hour ago

September 20, 2024

CISION (PR Newswire)

fraud-detection-&-prevention-market-to-reach-$2527-billion,-globally,-by-2032-at-24.3%-cagr:-allied-market-research

The introduction of big data analytics, cloud computing services, and an upsurge in mobile payment drive the growth of the market.

PORTLAND, Ore., Sept. 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Fraud Detection & Prevention Market by Component (Solution and Service), Deployment Mode (On-Premises and Cloud), Organization Size (Large Enterprises and Small and Medium-sized Enterprises) and Industry Vertical (BFSI, IT and Telecom, Retail, Healthcare, Government and Defense, Manufacturing, Transportation and Logistics and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the “fraud detection & prevention market” was valued at $29.5 billion in 2022, and is projected to reach $252.7 billion by 2032, growing at a CAGR of 24.3% from 2023 to 2032.

The introduction of big data analytics, cloud computing services, and an upsurge in mobile payment drive 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 advancements are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, the high cost of fraud detection and prevention solutions limits the growth of the fraud detection & prevention market.

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The solution segment held the highest market share in 2022.

By component, the solution segment dominated the market in 2022, this dominance is driven by the increasing demand for advanced technological solutions that can effectively detect, monitor, and prevent fraudulent activities across various industries such as banking, e-commerce, and insurance. Solutions like AI-based fraud detection, machine learning algorithms, and behavioral analytics have become critical tools in identifying potential fraud in real time and reducing financial losses. However, the service segment is expected to witness the largest CAGR of 28.0%, this growth is driven by the increasing need for specialized services such as consulting, implementation, and maintenance to help organizations effectively integrate and optimize fraud detection solutions.

The BFSI segment held the highest market share in 2022.

By industry vertical, the BFSI segment accounted for the largest share in 2022. This is primarily due to the high frequency and sophistication of fraud targeting financial institutions, making fraud detection and prevention solutions a critical need in the BFSI sector. Financial transactions, online banking, and digital payments are particularly vulnerable to cyberattacks, phishing schemes, and identity theft, driving the sector’s substantial investment in advanced fraud detection technologies. However, the retail segment is expected to witness the largest CAGR of 32.7%. This anticipated growth is driven by several factors. Retailers are increasingly targeted by fraudsters due to the high volume of transactions and the sensitivity of customer data involved. As e-commerce and digital transactions expand, the need for advanced fraud detection and prevention solutions becomes more critical.

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Regional Insights: The North America region held the highest market share in 2022.

By region, the fraud detection & prevention market was dominated by North America in 2022. North America, particularly the U.S., has a highly developed financial and technological infrastructure that supports advanced fraud detection solutions. The region’s significant investments in cybersecurity and fraud prevention technologies, combined with a high incidence of cyber threats, drive continuous innovation and adoption of sophisticated fraud management systems.

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Key Industry Developments

In February 2024, the U.S. Department of the Treasury announced that it has recovered over $375 million as a result of its implementation of an enhanced fraud detection process that utilizes Artificial Intelligence (AI) at the beginning of Fiscal Year 2023.
In April 2024, Cognizant collaborated with FICO, to launch a cloud-based real-time payment fraud prevention solution powered by FICO Falcon Fraud Manager. The joint offering would leverage both firms’ artificial intelligence (AI) and machine learning (ML) technology to help banks and other payment service providers in North America protect their customers from fraud in the growing world of instant digital payments.
In September 2022, Deutsche Bank collaborated with Visa, to help prevent online retail fraud. Merchants who process their e-commerce payments via Deutsche Bank can now use “Decision Manager,” an automated fraud detection system from Visa-owned company Cybersource.

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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.

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Fintech PR

KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

Published

1 hour ago

September 20, 2024

CISION (PR Newswire)

VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

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Fintech PR

Ultima Markets Wins Two Prestigious Awards at Global Forex Awards–Retail 2024!

Published

6 hours ago

September 20, 2024

CISION (PR Newswire)

ultima-markets-wins-two-prestigious-awards-at-global-forex-awards–retail-2024!

LIMASSOL, Cyprus, Sept. 20, 2024 /PRNewswire/ — Ultima Markets, a leading global forex and CFDs brokerage, is thrilled to announce its double success at the prestigious Global Forex Awards – Retail 2024. The company won two distinguished awards: “Best Affiliates Brokerage – Global” and “Best Fund Safety – Global.”

The awards were presented during the event in Limassol, Cyprus, where Jean Philippe, Board Advisor, Corporate Governance and Sustainability at Ultima Markets, accepted the honours.

The Global Forex Awards – Retail has celebrated excellence in trading innovation for seven consecutive years. Ultima Markets’ dual wins reflect its commitment to quality, client-centric strategies, and strong partnerships across the financial services sector.

The “Best Affiliates Brokerage—Global” award recognises Ultima Markets’ exemplary affiliate programme, which has successfully driven its global expansion. It is celebrated for its transparency and competitive rewards tailored to affiliate needs.

Receiving the “Best Fund Safety – Global” award highlights Ultima Markets’ efforts to safeguard client assets. Through its partnership with Willis Towers Watson, the company provides up to USD$1,000,000 in insurance per account, while its Financial Commission membership ensures clients access to up to €20,000 in compensation funds.

These recognitions underscore Ultima Markets’ priority to security and transparency, including segregated accounts and robust risk management practices. The broker also assures affiliate partners of exceptional standards.

Commenting on the awards, Jean Philippe said, “These recognitions reflect the exceptional work of our teams to ensure the safety of traders’ funds and our dedication to creating value for our partners and clients. We will continue to evolve and innovate to meet the market’s demands.”

Ultima Markets is renowned for its extensive range of trading products and personalised customer service, designed to meet clients’ diverse needs worldwide. The dual recognition marks a significant milestone in the company’s global growth and reaffirms its reputation for delivering fund safety and robust affiliate opportunities.

“We are delighted to be recognised with these awards, which reflect our mission to create a secure trading environment and build strong, rewarding partnerships,” said Jack Li, Ultima Markets’ Regional Business Director.

About Ultima Markets

Ultima Markets is a fully licensed, fast-growing broker offering access to 250+ financial instruments. With a team of 2,000+ professionals in 15 global offices, we serve clients in 172 countries. Check out more about our awards on Facebook, X, Instagram, LinkedIn and YouTube.