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GASA Extends Global Anti-Scam Summit (Asia) to Singapore on October 21-22

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–    Follows the success of the first GASA Asia Summit held in Taipei in 2023 which gathered more than 300 participants from the public and private sectors.
–   According to the upcoming GASA Asia Scam Report 2024, nearly half of Asians experience scams at least once a month.

SINGAPORE, Oct. 15, 2024 /PRNewswire/ — The Global Anti-Scam Alliance (GASA) has announced the extension of the Global Anti-Scam Summit (Asia) to Singapore on October 21-22. Supported by the Ministry of Home Affairs (MHA), the Singapore Police Force (SPF) and the Ministry of Digital Development and Information, the Summit is the largest gathering of anti-scam stakeholders across sectors. Participants from across Australia, Hong Kong SAR, India, Japan, Malaysia, New Zealand, Singapore, Taiwan Region, Thailand, The Netherlands, the Philippines, United Kingdom, United States and beyond will focus on the theme “The Network to Defeat a Network,” aiming to foster collaboration and develop strategies to protect the public from scams. Participants can look forward to sharing sessions by private stakeholders and experts from GASA, major global companies like Amazon, Gogolook, Google, Mastercard, and Meta, as well as Government officials, law enforcement agencies, financial authorities, and non-profit organisations.

Ms Sun Xueling, Minister of State, Ministry of Home Affairs and Ministry of Social and Family Development, is the Guest-of-Honour for the event, and will be delivering an opening address. GASA Singapore’s Patron, Mr Tan Kiat How, Senior Minister of State, Ministry of Digital Development and Information & Ministry of National Development, will also launch GASA’s industry awards and engage participants in a fireside chat.

According to the upcoming Asia Scam Report 2024, published by GASA, nearly half of Asians experience scams at least once a month. In Singapore, scams continue to be of grave concern, with more than 26,000 reported cases and more than $350 million lost to scams in the first half of 2024 alone. In other parts of the region, Thailand and South Korea reported the largest increase in scams.  Scams are a transnational crime affecting all countries, where criminals act across borders. To address this growing threat, it is essential for governments and industries to unite. Accordingly, the Global Anti-Scam Summit – Asia 2024, supported by the Singapore public sector, will collaborate to combat these growing threats in Asia. Participants include members from the Singapore Chapter, Mastercard as Chair, and Amazon as Vice-Chair, with partners including Feedzai, Gogolook, Google, Meta, Nanyang Technological University, ScamAdviser and Trend Micro.

“Scam cases have risen exponentially in recent years, and is a global problem – no country is spared. Fighting scams requires a collective global effort, and we need to work across borders, with international partners, to be able to disrupt scammers’ operations and protect our local population. International collaborations can range from strengthening operational processes between law enforcement agencies to act against scam syndicates and recover scam proceeds, to collectively raising our security measures and safeguards to prevent scams”, said Ms Sun Xueling, Minister of State, Ministry of Home Affairs and Ministry of Social and Family Development. “I am heartened that our friends and counterparts from all around the world will be taking part in this Summit which is being helmed by Singapore for the first time. The networks we build at this Summit and our understanding of each others’ work processes will enhance our collective response against scams.”

“As we build on last year’s successful summit in Taiwan with Gogolook, we are excited to expand this annual Anti-Scam Summit – Asia to Singapore, where we will continue fostering cross-sector partnerships to tackle the global issue of scams,” said GASA Managing Director Jorij Abraham. “We are honored to collaborate with the Singapore government on this summit. Alongside the event, we are also releasing The State of Scams Asia report, offering a comprehensive analysis of the growing threats across Asian countries.”

Rajat Maheshwari, Chair of GASA Chapter Singapore and Vice President, Security Solutions Mastercard said, “Cybercrime continues to grow aggressively around the world, and a unified approach is key to fighting scam and protecting consumers. The formation of the first Asia chapter of GASA in Singapore not only demonstrates the industry’s willingness to collaborate against cyber fraud, but also showcases Singapore’s success in fostering public-private cooperation to tackle one of the biggest challenges of the day.”

Shze Min Yah, Vice Chair of GASA Singapore Chapter and Public Policy Manager at Amazon, said, “Scams are a cross-industry issue, which is why knowledge sharing and partnerships between stakeholders in the public and private sectors are key to protect consumers.”

Over the two days, keynote speakers and interactive panels will share invaluable perspectives on scam prevention, regulatory advancements, and public awareness campaigns.  The speakers include representatives from the Singapore Ministry of Home Affairs and the

Singapore Police Force, as well as leading tech companies such as Amazon, Gogolook, Google, Mastercard, and Meta. Officials from various law enforcement and government agencies will also attend panel discussions under the topic of Artificial Intelligence, Bank Collaboration, Cybersecurity, Data Sharing, Financial Services, Global Collaboration and Telecom & Communication.

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The Global Anti-Scam Summit – Asia will also unveil the latest findings from the Asia Scam Report, aimed at raising public awareness of digital scams and laying the groundwork for future policy development and advocacy in global anti-scam initiatives and AI applications. In addition to the Asia Scam Report, area-specific reports will also be distributed, offering an in-depth exploration of the scam landscape in Japan, Hong Kong SAR, Malaysia, South Korea, Taiwan Region, Thailand and the Philippines.

The event taking place at Suntec Singapore on October 20-21, will offer both in-person and virtual participation. To be part of the Global Anti-Scam Summit – Asia, please visit the official website: https://www.gasa.org/gass-2024-asia

The release is sent by Constellar on behalf of Global Anti Scam Alliance (GASA) Singapore Chapter.

To attend the Summit, please RSVP to [email protected].

About GASA

The Global Anti Scam Alliance’s (GASA) mission is to protect consumers worldwide from scams by raising awareness, enabling hands-on tools, facilitating knowledge sharing, organizing research, and offering training and education.

For more information, please refer to: https://www.gasa.org/

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Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

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China’s AIMA brand electric motorbike is now in Bangladesh

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DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now. 

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.

 

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