Fintech PR
Aviva Goes Live with Clearwater Analytics to Power its Investment Accounting Operations
BOISE, Idaho, July 6, 2023 /PRNewswire/ — Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Aviva went live April 1, 2023 on the Clearwater platform as the comprehensive solution for its investment accounting operations and regulatory reporting.
Aviva is a leading UK provider of insurance, wealth and retirement products with franchises in Ireland and Canada serving over 18 million customers in the UK, Ireland and Canada and manages group assets of more than £350 billion. The company has a diversified business model focused on developing long-term relationships with its customers and serving them across the full range of their insurance, wealth and retirement needs.
After conducting a thorough review of solution providers in the market, Aviva selected Clearwater for its fully automated investment data aggregation, reconciliation, and accounting platform, as well as for its flexible, modern user experience. The key benefit to Aviva is a modern technology platform providing an integrated, single source of truth for its entire investment portfolio.
“Being previously reliant on multiple legacy investment reporting models, we required a consolidated and reliable investment accounting and reporting solution,” said Jonny Lee, Finance & Investment Operations Director at Aviva. “Clearwater’s single instance, multi-tenant architecture delivers a clear advantage for us in terms of speed, flexibility, and transparency. The consolidation of all our investment data in one view allows us to manage risk, measure performance, and meet our regulatory reporting responsibilities efficiently, accurately and timely.”
“We are excited Aviva has chosen to partner with us. We have provided them with the technology to help deliver their mission and business goals going forward,” said Subi Sethi, Chief Client Officer at Clearwater Analytics. “Through our unique SaaS model and multi-asset service platform, Aviva will be able to further optimize their business model, reduce costs, enable sustainable growth, and ensure compliance with increasingly complex regulatory reporting requirements. This aligns well with Aviva’s strategic priorities, and we look forward to growing our relationship with them.”
To learn more about Clearwater Analytics, speak to an expert today.
About Aviva
We are one of the UK’s leading Insurance, Wealth & Retirement businesses and we operate in the UK, Ireland and Canada. We also have international investments in India, China and Singapore.
We help our 18.7 million customers make the most out of life, plan for the future, and have the confidence that if things go wrong we’ll be there to put it right.
We have been taking care of people for more than 325 years, in line with our purpose of being ‘with you today, for a better tomorrow’. In 2022, we paid £23.2 billion in claims and benefits to our customers.
Aviva is a market leader in sustainability. We have a goal to make 10 million people more resilient to climate, financial and health shocks between 2020 and 2025. Find out more about our community goals and action at www.aviva.com/sustainability/communities.
For more details on what we do, our business and how we help our customers, visit www.aviva.com/about-us.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading SaaS solution, automates the entire investment lifecycle. With a single instance, multi-tenant architecture, Clearwater offers award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Each day, leading insurers, asset managers, corporations, and governments use Clearwater’s trusted data to drive efficient, scalable investing on more than $6.4 trillion in assets spanning traditional and alternative asset types. Additional information about Clearwater can be found at clearwateranalytics.com.
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View original content:https://www.prnewswire.co.uk/news-releases/aviva-goes-live-with-clearwater-analytics-to-power-its-investment-accounting-operations-301870643.html
Fintech PR
WSPN and Ample FinTech Join Forces to Advance Enterprise-Grade Web3 Payment Solutions
SINGAPORE, Nov. 6, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN) is excited to announce its strategic partnership with Ample FinTech, a Singapore-based fintech company specializing in enterprise-grade Web3 payment platforms and tokenization solutions. This collaboration aims to leverage Ample FinTech’s deep expertise in providing secure, compliant, and efficient tokenization technologies to enhance WUSD’s capabilities in cross-border transactions, reinforcing its leadership in the rapidly evolving Stablecoin 2.0 landscape.
Through this partnership, WSPN and Ample FinTech will explore the integration of enterprise-grade Web3 payment technologies, including programmable payments, digital credentials, and tokenized invoicing. These solutions will be applied to key areas such as cross-border payments, international trade, cross-border e-commerce, and supply chain finance. By combining Ample FinTech’s Web3 payment innovations with WSPN’s global payment infrastructure, this partnership will drive the adoption of more efficient, secure, and scalable payment solutions, helping businesses optimize capital efficiency and streamline global financial operations.
“We are thrilled to partner with WSPN to bring our enterprise-grade Web3 payment and tokenization solutions to the forefront of the global digital economy. By integrating our advanced technologies such as programmable payments, digital credentials, and tokenized invoicing with WSPN’s robust infrastructure, we aim to revolutionize cross-border transactions. This collaboration represents a major step toward optimizing capital efficiency and driving innovation in global financial operations for businesses worldwide.” said Louis Wan, Head of Research, Ample FinTech
“Our partnership with Ample FinTech represents a strategic step forward in advancing Web3 payment solutions,” said Raymond Yuan, Founder and CEO of WSPN. “By integrating Ample’s innovative technologies with our global infrastructure, we’re creating more efficient and flexible solutions for cross-border transactions, further strengthening WUSD’s position in the digital payment landscape.”
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
About Ample FinTech
Ample FinTech is a financial technology company focused on developing the world leading enterprise Web3 payment and tokenization SaaS platform.
Since its establishment, the Ample FinTech has successfully completed two pilot projects related to CBDC, stablecoin, digital credentials, and tokenization through collaboration with three central banks. Additionally, the Ample FinTech team has received FSTI IA grant from the Monetary Authority of Singapore (MAS) in 2024 for its groundbreaking work in digital credentials and programmable payments.
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View original content:https://www.prnewswire.co.uk/news-releases/wspn-and-ample-fintech-join-forces-to-advance-enterprise-grade-web3-payment-solutions-302297130.html
Fintech PR
Sinopec Hosts Forum Session at 7th China International Import Expo
US$40.9 billion in purchasing contracts signed with 38 partners, bringing the total of seven sessions of CIIE to US$285 billion
SHANGHAI, Nov. 6, 2024 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) has hosted a forum titled “Building Global Energy Partnerships” and a signing ceremony at the 7th China International Import Expo (CIIE 2024) in Shanghai. The exhibition, running from November 5 to 10, is focused on the global energy transition and fostering an open, green, and low-carbon ecosystem.
At the signing ceremony, Sinopec signed purchasing contracts with 38 partners from 18 countries, which totaled US$40.9 billion, including 27 products from 10 major categories, including crude oil, chemicals, equipment, materials, consumer goods and more. Since the first CIIE in 2018, Sinopec has signed orders exceeding a total of US$285 billion in seven sessions.
Ma Yongsheng, chairman of Sinopec, remarked in a keynote speech at the forum that the global energy supply as well as demand pattern and governance system are in need of real changes, and the transformational development of energy and chemical industry is already in a new stage.
“In the face of the great momentum of development, Sinopec unswervingly commits to promoting high-quality, intelligent, and green development leveraging advanced technologies,” said Ma. “We also understand deeply that the energy and chemical industries can only achieve sustainable development through cooperation. Sinopec has always adhered to open cooperation and achieve mutual wins with all our partners.”
Sinopec aims to enhance collaboration on oil and gas resources, working with various stakeholders to establish a more stable industry alliance. The company is also committed to expanding its green energy initiatives to further its low-carbon transformation goals. Additionally, Sinopec seeks to foster technology partnerships to unite innovative efforts, aiming to create a harmonious balance between humanity and nature, address climate challenges effectively, and build a cleaner, more sustainable world for future generations.
At CIIE 2024, Sinopec also signed cooperation and procurement agreements with a number of companies at the event. It has signed a framework agreement with TotalEnergies on long-term LNG supply, under which TotalEnergies will supply 2 million tons of LNG per year to Sinopec from 2028, for a total of 15 years. The partnership will enable both parties to further explore opportunities across the whole industry chain and promote global energy transformation.
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View original content:https://www.prnewswire.co.uk/news-releases/sinopec-hosts-forum-session-at-7th-china-international-import-expo-302297169.html
Fintech PR
CGTN: China showcases commitment of opening up via massive trade fair
BEIJING, Nov. 6, 2024 /PRNewswire/ — International companies looking to enter the Chinese market are flocking to Shanghai to take advantage of the seventh China International Import Expo (CIIE), the country’s biggest import trade fair slated to run from November 5 to 10 this year.
A global economic and trade event, the expo generated deals cumulatively valued at $78.4 billion last year, an increase of 6.7 percent year on year, hitting an all-time high. This year’s CIIE will host 3,496 exhibitors from 129 countries and regions in an exhibition center space that covers over 360,000 square meters – equivalent to 50 standard soccer fields.
According to Chinese officials, the number of participating countries and exhibitors has surpassed previous records. And the most notable thing is that 297 exhibitors are from Fortune Global 500 companies, marking a historic high. Among all participants, 186 enterprises and institutions have participated in the expo for seven consecutive years.
Hosting the CIIE is an important aspect of China’s opening up and cooperation, representing China’s solemn commitment to the world, Chinese Premier Li Qiang said during his keynote speech at the opening ceremony of this year’s CIIE on Monday.
The Piraeus Port Authority, the operator of Greece’s largest port, is participating in the expo for the seventh consecutive year. Following its debut at the inaugural CIIE in 2018, Piraeus Port saw its container throughput hit a record high in 2019, with 40 percent of the total volume coming from China.
“Piraeus Port takes part in the CIIE every year to explore new cooperation opportunities, aiming for a win-win partnership with China,” exhibitor Evdoxia Kastrinelli told CMG, adding the port operator will keep participating in the event in the future.
Apitv, an automotive technology supplier headquartered in Dublin, is participating in the expo for the first time. A part of a global industrial machinery manufacturer with over 100 years of history, the company is showcasing more than 45 cutting-edge technological innovations, including hydrogen energy solutions, liquid hydrogen booster pumps, and other advanced products, all making their debut in China.
“We’ve seen the impact the CIIE has had on global trade over the years, and with China’s automotive industry rapidly advancing, this is an excellent opportunity for us to leverage the platform to engage in deeper cooperation with enterprises both in China and around the world,” said Jiang Weihao, a representative of the exhibitor.
In addition to tech products and consumer goods from developed countries, this year’s expo also welcomed a large number of developing nations, including 37 of the world’s least developed countries. Over 120 exhibition booths were provided free of charge to these countries. Some booths highlight African agricultural specialties such as peanut, coffee, honey and beer.
During the 2024 Summit of the Forum on China-Africa Cooperation, China announced plans to grant zero-tariff treatment on all tariff items for the least developed countries with diplomatic ties to China, including 33 African nations. Following that, 22 tonnes of avocados imported from South Africa cleared customs and arrived at Shanghai Yangshan Port in early October.
Addressing the opening ceremony, Li stressed the need to strengthen consensus on opening up, adding that all parties should jointly adhere to international economic and trade orders and rules and earnestly fulfill multilateral and bilateral economic and trade agreements.
This year, China has rolled out a series of measures to underscore its commitment to deeper reforms and greater openness.
Starting November 8, China will grant visa-free entry to citizens from nine more countries, bringing the total to nearly 30. On November 1, China implemented an updated negative list for foreign investment, removing all restrictions in the manufacturing sector.
The country has also revised policies for foreign investment in listed companies and will now allow foreign-invested hospitals in nine cities. A nationwide negative list for cross-border services trade will also be introduced.
As China continues to open its economy and stimulate growth, the International Monetary Fund (IMF) has raised its growth forecast for China to five percent, matching the country’s original growth target.
Based on IMF projections, Bloomberg has reported that China is expected to remain the largest contributor to global economic growth over the next five years, surpassing the combined contributions of all G7 countries.
China will further expand institutional opening up and actively align with high-standard international economic and trade rules, Li said, pledging efforts to implement the strategy for upgrading pilot free trade zones.
View original content:https://www.prnewswire.co.uk/news-releases/cgtn-china-showcases-commitment-of-opening-up-via-massive-trade-fair-302297127.html
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