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Moody’s affirmed Ba3 rating and stable outlook for SeABank

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HANOI, Vietnam, Sept. 15, 2023 /PRNewswire/ — On September 13, 2023, the international credit rating agency Moody’s Investors Service (Moody’s) announced the credit rating assessment results for Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB). Moody’s has affirmed SeABank’s rating at Ba3 and stable outlook. The affirmation of SeABank’s ratings with a stable outlook reflects Moody’s expectation that the bank’s strong and improving capitalization.

According to Moody’s, SeABank continues to receive a Ba3 credit rating for both Issuer and Foreign Currency Deposit ratings. Additionally, Moody’s affirms SeABank’s baseline credit assessment (BCA) at B1. Moody’s also affirms SeABank’s TCE (Tangible Common Equity) ratio at 12.9% as of June 2023, which is among the highest for banks rated by Moody’s in Vietnam.

In the context of domestic and international market fluctuations, the financial and banking sector in Vietnam is facing numerous challenges. Moody’s affirmation of SeABank’s rating with a stable outlook reflects the organization’s expectations of the bank’s strong and improving capital.

Moreover, Moody’s decision to maintain SeABank’s credit ratings at Ba3 and B1 reflects their positive assessment of the bank’s improved asset quality management, high capital adequacy ratios, stable liquidity. This also signifies Moody’s expectations that SeABank’s creditworthiness will remain stable in the next 12-18 months.

Previously, SeABank had signed a Strategic Cooperation Agreement with IFC to implement supply chain financing solutions, aiming to provide corporate customers with the most optimal and modern financial solutions in line with global trends. Under this agreement, IFC would advise, develop strategies, and collaborate with SeABank to provide professional and synchronized Supply Chain Financing (SCF) solutions, enhance supply chain management capabilities, and maximize business efficiency. SeABank’s current portfolio primarily focuses on sectors such as automotive (Dealer Financing product), FMCG (Customer Financing product for fast-moving consumer goods), construction and installation (Payment Guarantee product for contractors and suppliers of large enterprises), and efficient energy. With the IFC cooperation, SeABank looks to become one of the first and one of the leading banks in supply chain financing services.

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iFOREX Engages La Liga Fans Across the GCC

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TORTOLA, British Virgin Islands, Nov. 28, 2024 /PRNewswire/ — Fans across the GCC will see the iFOREX brand displayed prominently during thrilling La Liga matches. As viewers cheer on Real Madrid, FC Barcelona, and their other favorite teams, iFOREX is proud to connect with football fans throughout the region by showcasing its brand and commitment to empowering traders. This increased visibility underscores iFOREX’s dedication to supporting traders in the GCC and inviting them to explore new opportunities in online trading.

Trade with Confidence and Precision

In today’s fast-paced financial world, staying informed and prepared is essential for trading success. With iFOREX, traders gain access to a comprehensive suite of tools designed to help them make informed decisions, from novices entering the field to experienced traders crafting advanced strategies.

“At iFOREX, we don’t just offer tools—we offer a community,” says Khalid al-Ali, Head of Customer Relations for the GCC region. “We’re committed to ensuring every trader, regardless of experience level, feels supported and equipped to succeed. Our platform provides real-time insights and professional guidance, helping traders tackle challenges and sharpen their skills.”

Key Features of iFOREX

Instant Access to Market Insights: iFOREX provides a wide range of resources, enabling traders to access valuable insights on-demand. From understanding market fundamentals to learning effective strategies, iFOREX supports traders at every step.

Designed for All Experience Levels: Whether you’re new to trading or a seasoned professional, iFOREX’s user-friendly platform makes it easy to navigate, learn, and succeed.

Real-Time Market Data: Just as a coordinated football team relies on precision, iFOREX delivers timely market data to streamline trading decisions, helping you stay ahead of market trends.

Extensive Educational Resources: iFOREX offers a wealth of educational materials and analysis, empowering traders to confidently navigate the evolving financial landscape.

Join the iFOREX Community

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As La Liga’s excitement unfolds, iFOREX invites traders to experience the thrill of trading CFDs on forex, shares, and cryptocurrencies, backed by live commentary and strategy insights. Don’t miss this opportunity to elevate your trading game with iFOREX’s unmatched resources and support.

About iFOREX

With over 25 years in the industry, iFOREX is a trusted provider of online trading services, offering a range of financial instruments and tools designed to support traders’ success. iFOREX’s mission is to empower traders with the knowledge, resources, and confidence they need to excel in today’s fast-paced market.

https://www.iforex.eu/

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Transform Without the Cost: NTT DATA Business Solutions Brings ‘ZERO Cost Move’ to UKISUG Connect 2024

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LONDON, Nov. 28, 2024 /PRNewswire/ — NTT DATA Business Solutions is set to bring its game changing ‘ZERO Cost Move’ to the UKISUG Connect 2024 Conference in Birmingham from 01 – 03 December 2024. This independent offering from NTT DATA Business Solutions is designed to eliminate the financial barriers associated with transitioning to the RISE with SAP solution, offering a fully funded technical migration so that organisations can focus their investment on transformative projects that deliver real business value.

In a competitive landscape where innovation is crucial, the ZERO Cost Move redefines SAP software migration as a strategic advantage rather than a financial burden. By covering all technical migration costs, NTT DATA enables businesses to allocate budgets toward initiatives that enhance operational efficiency and overall growth.

“We’re helping our customers unlock new potential by removing the SAP software migration costs that have historically held them back,” says Jon Gregory, Director – Business Development & Advisory Services, NTT DATA Business Solutions. “The ZERO Cost Move is a commitment to our clients’ success, allowing them to deploy RISE with SAP confidently while refocusing their budgets from the technical move to their priority initiatives that really unlock business value.”

 Key Benefits of the ZERO Cost Move:

  • No-Cost Technical Migration: NTT DATA manages the complete migration from SAP ERP Central Component or SAP S/4HANA on-premise to RISE with SAP, freeing up resources for innovation and growth.
  • Proven SAP Expertise: With extensive global experience in projects involving SAP S/4HANA, our team ensures a seamless, efficient transition, reducing risks and accelerating time to value.
  • Fast, Risk-Free Transition: Our Technical Conversion Centre of Excellence for SAP S/4HANA streamlines the migration process, providing a rapid, low-risk pathway to RISE with SAP.
  • Focus on Strategic Business Value: Businesses invest saved migration costs into initiatives that align with their highest priorities – from Artificial Intelligence and GenAI, to automation, organisational change management, testing, analytics and more.

“We are excited to redefine what a migration can mean for businesses,” states Christopher Gabriel, Chief Marketing Officer and VP of Innovation, NTT DATA Business Solutions. “With a ZERO Cost Move to RISE with SAP, we remove consulting fees for your technical migration, breaking down barriers to transformation and enabling valuable resources to be redirected toward game-changing digital innovation.”

Meet with Us at UKISUG Connect 2024

As a Gold sponsor, NTT DATA Business Solutions will be at Stand G12 throughout the conference to discuss the benefits of the ZERO Cost Move offer. Delegates are also invited to attend our presentation, “RISE to Innovation with NTT DATA Business Solutions,” delivered by Jon Gregory on Monday 2nd December, from 2:30 PM to 3:00 PM in the Cloud ERP Stream (Exec 1). The session will explore how the ZERO Cost Move can help businesses achieve a seamless transition to RISE with SAP and unlock new opportunities for digital innovation.

About NTT DATA Business Solutions

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NTT DATA Business Solutions is a leading global IT service provider focused on SAP with a powerful ecosystem of partners. With more than 35 years of in-depth experience, we enable companies worldwide to become Intelligent Enterprises. We deliver end-to-end solutions that accelerate sustainable growth and success – from strategic consulting and implementation to managed services and beyond. As a global strategic SAP partner, we drive innovation and leverage the latest technologies to support our customers individually and across all industries. Our more than 15,300 dedicated employees in over 30 countries work passionately every day to make it happen.

NTT DATA Business Solutions is part of NTT DATA, a $30+ billion trusted global innovator of business and technology services headquartered in Tokyo. As One NTT DATA we serve 75% of the Fortune Global 100 and are committed to helping customers innovate, optimize and transform for long-term success. NTT DATA is part of NTT Group.

Press Contact NTT DATA Business Solutions 
Local: Carl Adams
Marketing Director UK&I
NTT DATA Business Solutions UK&I
12 Gough Sq, London, EC4A 3DW
T: +44 (0) 0207 832 1800
E-mail: [email protected] 

Global: Jasmin Straeter
Head of Global Communications
NTT DATA Business Solutions AG
Königsbreede 1, 33605 Bielefeld, Germany
T: +49 521 9 14 48 108
Email: [email protected] 

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BingX Partners with SafePal to Enhance Liquidity and Crypto Trading Accessibility

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VILNIUS, Lithuania, Nov. 28, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is pleased to announce its partnership with SafePal, a next-generation non-custodial crypto wallet suite. SafePal, known for its unique hybrid approach to empowering DeFi and CeFi over a hundred blockchains, joins forces with BingX to enhance liquidity, elevate user experience, and expand access to innovative blockchain services for traders worldwide. This collaboration also marks a significant advancement in the BingX Global Broker Program, reinforcing its commitment to building a more interconnected and efficient trading ecosystem.

Vivien Lin, Chief Product Officer of BingX, expressed enthusiasm for this development: “SafePal will serve as an independent broker under the BingX Exchange Broker Program, indicating our rapid adoption and growth. Our partnership with SafePal is a pivotal step in reshaping how users access liquidity and seamless trading experiences. By integrating BingX’s advanced liquidity solutions with SafePal’s wallet ecosystem, we’re setting a new standard for broker integration and empowering users with unparalleled tools for trading success.”

This integration brings enhanced open API functionalities for spot, contract, and strategic trading, along with upgraded financial products. By merging BingX’s liquidity expertise with SafePal’s decentralized platform, the partnership delivers an elevated trading experience for users. It reflects BingX’s commitment to fostering broker collaborations while expanding its ecosystem. Additionally, the move underscores BingX’s forward-looking strategy to strengthen partnerships and broaden its impact within the broker ecosystem.

The BingX Global Broker Program has played a key role in building global partnerships and enhancing accessibility to cryptocurrency trading. By consistently delivering exceptional value to its users and broker partners, BingX has solidified its reputation as an industry leader. With the program’s latest upgrades and strategic collaborations like the partnership with SafePal, BingX is shaping a more interconnected, efficient, and user-focused cryptocurrency trading ecosystem. As part of its vision, BingX welcomes more broker platforms to join its efforts in driving innovation and advancing the future of decentralized finance.

About BingX 

Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

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