Fintech PR
Seagrass, a global carbon marketplace and climate solutions company, launches in the United Arab Emirates
ABU DHABI, UAE, Nov. 30, 2023 /PRNewswire/ — Seagrass Limited (“Seagrass”), a climate action company focussed on scaling climate impact and a wholly-owned subsidiary of E.ON, one of Europe’s largest operators of energy networks and energy infrastructure, announced its official launch today.
Seagrass aims to unlock the potential of the carbon markets and transform carbon finance, which can make an important contribution to the net-zero transition. It will bring together supply from certified projects with large-scale demand from buyers with ambitious climate strategies on a centralised marketplace driven by technology, transparency and integrity.
Seagrass will be based in the Abu Dhabi Global Market (ADGM) financial centre located in Abu Dhabi in the United Arab Emirates (UAE). It holds a license to arrange trades in environmental instruments from ADGM’s Financial Services Regulatory Authority.
The UAE is positioned at the crossroads between the Global South – where many nature-based carbon credits are originated – and places where demand for these credits is expected to grow, including Europe and Asia. The UAE will also host COP28, with the development of high-quality voluntary carbon markets expected to be a key area of focus.
“Carbon markets will play a crucial role in the transition to a sustainable world,” said Naveed Tariq, CEO of Seagrass. “They can deliver climate impact at scale to help us meet the 1.5°C Paris Agreement goal and be instrumental in providing the trillions of dollars needed to close the climate finance gap.”
“As the subsidiary of a large energy company, we know what buyers need: liquidity, ease of use and – above all – integrity,” he added. “Our ambition is to work with partners to build that market and deliver climate solutions that ultimately help us to restore the planet.”
Arvind Ramamurthy, Chief of Market Development at ADGM said: “We are delighted to welcome Seagrass to ADGM. We are confident that ADGM’s dynamic ecosystem and progressive regulations will enable Seagrass’ vision, supporting them in driving innovation across rapidly developing carbon markets and contributing to the continuous development of Abu Dhabi’s strategic value and equally to accelerating the UAE’s energy transition. We look forward to witnessing the positive impact of Seagrass’ expertise in contributing to the growth and development of the financial ecosystem in Abu Dhabi and beyond.”
Seagrass is being launched at a time when carbon markets are developing integrity standards in response to market demands and to support much-needed scale. These include the Voluntary Carbon Markets Integrity Initiative’s (VCMI) Claims Codes of Practice, which aims to accelerate corporate use of the market as part of net zero strategies, and the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles label, which is intended to support buyers in identifying and pricing high-integrity carbon credits.
According to scenario analysis by MSCI Carbon Markets, demand for carbon offsets could increase from 500 MtCO2e in 2023 to 1,312 MtCO2e by 2030 and 4,356 MtCO2e by 2050, led by hard-to-abate sectors.
Integrity and simplicity at its core
Seagrass will connect major buyers of credits from a range of sectors – including energy, industrials, transportation and financial services – with credits from certified projects.
Seagrass is developing an assurance framework for credits available on its marketplace. This framework will require the certification of projects by recognised bodies. While ratings for different projects vary and can change rapidly, we will also establish minimum ratings requirements.
Our framework will include measures to ensure that projects traded on Seagrass deliver reductions or removals of emissions that are measurable, additional and permanent. We will also assess metrics related to projects’ social and biodiversity impact.
Alongside these safeguards, we will screen project governance and risks relating to corruption, human rights violations and armed conflict. We will develop a minimum standard in respect of these risks and exclude projects that do not meet it. As the voluntary and compliance market adopts new standards for high-quality credits and innovation, Seagrass will align its supply with those standards and buyers’ demand.
The platform will facilitate a market board, spot trading, block trades and auctions to cater to the different settlement needs of market participants. As well as trading on the platform, Seagrass’ team of demand- and supply-side specialists will help clients facilitate private investments.
Once onboarded on Seagrass, buyers will be able to choose from a wide range of projects around the world and complete deals in days rather than weeks or months, which would be the typical timeframe for bilateral transactions. Seagrass will offer access to projects that catalyse investment in nature-based solutions as well as those that finance emerging climate technologies.
Seagrass also provides buyers and sellers with an intuitive digital platform and tools to make carbon trading and investment simple. Users will have access to Seagrass Carbon Map, which brings together a wide range of data points on the real-world impact of projects, including environmental, economic and project information. Created in collaboration with Inacta, Esri Sverige, MSCI Carbon Markets, OroraTech and The Hashgraph Association, the application will also support ongoing engagement between Seagrass users and project developers.
ACX (AirCarbon Exchange) is the exchange software and infrastructure provider for the Seagrass marketplace, offering an integrated exchange, custody and clearing services to users. ACX is the world’s first regulated carbon credit exchange and clearing house, established in the ADGM.
To learn more about Seagrass, please visit: www.seagrass-climate.com
About Seagrass
Seagrass is a climate action company focused on unlocking the potential of the carbon markets and transforming carbon finance to accelerate the transition to net zero. A wholly-owned subsidiary of E.ON, one of Europe’s largest operators of energy networks and energy infrastructure, Seagrass is headquartered in the Abu Dhabi Global Market (ADGM) financial centre. It is licensed by the ADGM Financial Services Regulatory Authority (FSRA) to arrange trades in environmental instruments.
About E.ON
E.ON is an international investor-owned energy company headquartered in Essen, Germany, which focuses on energy networks and customer solutions. As one of Europe’s largest energy companies, E.ON plays a leading role in shaping a clean, digital, decentralised world of energy. To this end, around 74,000 employees develop and sell products and solutions for private, commercial and industrial customers. Around 48 million customers purchase electricity, gas, digital products or solutions for electric mobility, energy efficiency and climate protection from E.ON.
For more information, please visit www.eon.com
View original content:https://www.prnewswire.co.uk/news-releases/seagrass-a-global-carbon-marketplace-and-climate-solutions-company-launches-in-the-united-arab-emirates-302001490.html
Fintech PR
Brewing Connections and Spotlighting Café Culture: MIFB 2025 Hosts MNCC in Collaboration with MSCA
KUALA LUMPUR, Malaysia, Jan. 6, 2025 /PRNewswire/ — The Malaysian International Food and Beverage Trade Fair (MIFB) proudly announces its partnership with the Malaysia Specialty Coffee Association (MSCA) to host the Malaysia National Coffee Championship (MNCC) from 2025 to 2027. This collaboration highlights MIFB’s commitment to fostering the country’s café culture while introducing the Malaysia Café Expo, a dedicated platform for coffee and tea innovations.
Aligned with the theme Future-Ready F&B: Serving the Evolution of Trends, MIFB 2025 focuses on specialty coffee, Ready-To-Eat (RTE) and Ready-To-Cook (RTC) products, and digital advancements in the F&B industry. Scheduled for 30 July–1 August 2025 at the Kuala Lumpur Convention Centre, the event will feature local and international exhibitors, alongside the semi-finals and finals of the MNCC. This prestigious competition celebrates Malaysia’s specialty coffee talent, bringing baristas, brewers, and coffee tasters to the forefront.
Kelvin Ngow, President of MSCA, remarked, “Our café culture has undergone a robust evolution, driven by a new generation of coffee enthusiasts. Through the MNCC and our partnership with MIFB, we aim to elevate local talent and showcase Malaysia as a global coffee player.“
The café sector’s growth reflects Malaysia’s ability to blend global trends with local flavours. Brands like Boncafe and Da Di Coffee exemplify this harmony, combining specialty coffee with the traditional kopi culture. The Malaysia Café Expo, co-located with MIFB 2025 and MyFoodTech 2025, aims to amplify these efforts, offering a platform for exhibitors in coffee, tea, and related industries.
Paul Lee, Chief Executive, Markets, Constellar, added, “Our partnership with MSCA strengthens MIFB’s role in connecting businesses, communities, and cultures. Hosting MNCC underscores our dedication to fostering innovation and resilience in the F&B sector while promoting Malaysia’s vibrant café scene.“
MIFB 2025 positions itself as a catalyst for collaboration, innovation, and growth across Malaysia’s F&B and café industries, reinforcing the nation’s leadership in the regional food and beverage landscape.
Read the full press release here. For more information on MIFB 2025 or to register as an exhibitor, please visit https://mifb.com.my.
About MIFB
Organised by Constellar, MIFB is Malaysia’s premier food and beverage trade event, connecting local and international players across the supply chain to explore solutions and drive industry growth.
About Constellar
Constellar, Asia’s premier MICE partner, curates events and connects global networks for sustainable growth, managing Singapore EXPO and fostering innovation across key industries.
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View original content:https://www.prnewswire.co.uk/news-releases/brewing-connections-and-spotlighting-cafe-culture-mifb-2025-hosts-mncc-in-collaboration-with-msca-302340111.html
Fintech PR
URBAN REVIVO Celebrates 2024 Milestones and Unveils Ambitious Global Expansion Plans for 2025
GUANGZHOU, China, Jan. 6, 2025 /PRNewswire/ — At the dawn of a new year, the renowned fashion brand URBAN REVIVO (UR) proudly celebrates significant milestones in its international market expansion throughout 2024 and unveils ambitious plans for further global outreach in 2025. Building on a successful entry into Southeast Asian markets, URBAN REVIVO now sets its sights on major fashion capitals worldwide.
2024: A Year of Strategic Growth
In a pivotal year, URBAN REVIVO has successfully opened 9 new stores across key Southeast Asian markets including Singapore, Malaysia, Thailand, Vietnam, and the Philippines. This expansion brings the total number of the brand’s stores in the region to nearly 20. The strategic placement of these stores has not only strengthened URBAN REVIVO’s presence but also showcased its competitive edge. By tailoring each store to reflect the unique character of its city, URBAN REVIVO transforms them into urban art centers that focus on enhancing consumer experiences.
Richard Tang, CEO of URBAN REVIVO’s International Business, commented on the achievement: “As a brand committed to globalizing fashion retail, our breakthroughs in overseas markets during 2024 have been remarkable. The continuous opening of new stores reflects not just our expansion speed but also strong market confidence in URBAN REVIVO. Our performance in Southeast Asia exceeded expectations with several stores becoming profitable immediately upon opening.”
Looking Ahead: Ambitious Plans for 2025
Building on its success, URBAN REVIVO plans to expand into iconic global fashion cities such as London, New York City, Tokyo, and Hong Kong next year. This strategic move signifies URBAN REVIVO’s entry into the world’s top-tier fashion hubs. While accelerating its expansion into new markets, the brand will continue to strengthen its presence in Southeast Asia through franchising in addition to direct operations.
The brand is dedicated to refining a seamless omnichannel shopping experience that unites online platforms with physical stores. Through the strategic use of social media and live-commerce platforms, it seeks to cultivate stronger connections with consumers across the globe.
The Vision of Global Live Fashion
Established with the mission of enabling more customers access to premium, trendy, and fashion apparel, URBAN REVIVO has emerged as a prominent name in the global fast-fashion industry. Since its inception, the brand has maintained its dedication to motivating individuals who view every journey as a runway and propelling fashion into the future. This unwavering commitment has positioned URBAN REVIVO as a favored choice for trendsetters in search of innovative and distinctive wardrobe options each season.
By embracing “Global Live Fashion” as its new positioning statement, URBAN REVIVO strives to be recognized as the most engaging fast-fashion retailer globally. This goal will be achieved by providing an immersive art shopping experience that reflects the latest consumer trends, with each store offering weekly updates and displaying thousands of SKUs. Meanwhile, supported by design centers based in China and Europe, URBAN REVIVO works with over 600 designers who meticulously cater designs that meet diverse body types and aesthetic preferences across Asia and Europe, truly embodying the brand’s belief that “fashion never rests.”
About URBAN REVIVO
Founded in 2006, URBAN REVIVO (UR) is a global live fashion brand that strives to elevate affordable high fashion by offering creative, high-quality, sustainable designs. With over 400 stores in China, Singapore, Malaysia, Thailand, Vietnam and the Philippines, and an extensive online network in Europe, North America, and beyond, URBAN REVIVO ensures the highest standards through advanced supply chain management and technology. The brand’s mission is to make high-quality fashion accessible to everyone and to become the world’s most influential fashion brand.
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View original content:https://www.prnewswire.co.uk/news-releases/urban-revivo-celebrates-2024-milestones-and-unveils-ambitious-global-expansion-plans-for-2025-302341104.html
MIAMI, Jan. 5, 2025 /PRNewswire/ — The cloud-based payroll software market is set for continued growth, with projections showing a significant increase in market value over the next few years. This trend reflects a growing reliance on automated systems to manage payroll processes, boosting efficiency and reducing manual errors.
The payroll service industry is evolving rapidly, driven by advancements in technology and shifting workforce dynamics. As 2025 begins, businesses are turning to payroll processing service providers more than ever to streamline operations, reduce costs, and ensure compliance in an increasingly complex regulatory environment.
Technological Advancements in Payroll Solutions
Payroll solutions are entering a new era, driven by cutting-edge technologies like cloud computing, artificial intelligence (AI), and machine learning. These advancements are transforming payroll management, enabling real-time data access, automating complex tasks, and minimizing errors. From precise tax calculations to seamless benefits administration and accurate employee compensation, modern payroll systems are tackling challenges with unparalleled efficiency. As businesses increasingly embrace these innovations, the role of technology in redefining payroll services continues to make headlines, highlighting its impact on streamlining operations and ensuring compliance.
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“Our clients are benefiting from faster processing times, automated compliance updates, and an overall reduction in manual work,” said Ajay Mehta, CEO of IBN Technologies. “The role of technology in payroll management cannot be overstated, and it’s helping businesses focus on growth rather than administrative tasks.”
Adapting to a Changing Workforce
Most of the top companies embrace remote, hybrid, and gig economy workforces, manage payroll processing to accommodate diverse employment models. This includes handling multi-state and international payroll, managing freelancers, and ensuring compliance with varying tax laws.
“Businesses are increasingly hiring remote workers and freelancers, making it more critical than ever for payroll service providers to ensure that they are compliant with complex regulations,” said Ajay Mehta, CEO of IBN Technologies. “Our clients can rely on us to navigate these challenges and provide seamless payroll experiences.”
Why Automation is the Future of Payroll
As 2025 unfolds, payroll services are undergoing a transformative shift, driven by automation, cloud technology, and AI. Cloud-based platforms are offering businesses unparalleled flexibility, while automation streamlines processes, reduces errors, and enhances accuracy. Integration with HR and financial systems simplifies operations, and self-service portals empower employees with greater transparency and control. Meanwhile, advanced solutions are tackling the complexities of global compliance, ensuring businesses meet international regulations. Together, these innovations are revolutionizing payroll, creating a more efficient, secure, and employee-focused experience for the modern workforce.
Modern Payroll Management
Companies like IBN Technologies is at the forefront of driving innovation and efficiency in modern business operations. By leveraging advanced technologies like automation, AI, and seamless integrations, they empower enterprises to streamline processes, enhance accuracy, and meet the demands of a dynamic global market. Focused on delivering customized solutions, IBN is transforming traditional workflows into agile, efficient systems, setting new benchmarks in operational excellence.
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Contact Details:
Pradip
[email protected]
+1 – 844 – 644 – 8440
USA: IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
Description- Payroll services transform with AI, cloud tech, and automation, enhancing efficiency, accuracy, and compliance.
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View original content:https://www.prnewswire.co.uk/news-releases/payroll-service-market-anticipates-strong-growth-amid-rising-automation-demand-302342396.html
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