Fintech PR
45 CEOs, 6 ministers and One Head of State Take the Stage at Future Investment Initiative Institute Pre Summits on Investing in Africa, and Women in Finance
RIYADH, Saudi Arabia, Oct. 28, 2024 /PRNewswire/ — The Future Investment Initiative Institute annual conference begins today in Riyadh, bringing together world leaders, CEOs, and executives from various sectors including finance, energy, technology, and entertainment. This year’s focus included two pre-summits on Investing in Africa’s future and Women’s Leadership in driving global economic growth, highlighting crucial topics.
Throughout the pre-summits, FII Institute demonstrated its commitment to fostering positive change and global collaboration. The New Africa facilitated vital discussions between investors and African leaders about the untapped potential and the need for cross-border investments. His Excellency Mohammed bin Abdullah Al Jaddan opened the summit. Industry leaders including Tony Elumelu, Adebayo Ogunlesi, and Sim Tshabala, among other titans of the industry shared insights on addressing underdevelopment and driving investment.
A key highlight was the Healthcare Innovation panel which is a key FII Institute focus area, participants’ insights emphasized the importance of digital health access to over 400 million individuals in Africa with remote solutions. The message was clear: investing in healthcare by all stakeholders leads to improved outcomes and enhanced economic output. In addition, a panel featuring CEOs from major food sectors tackled food security proposing strategies for agricultural efficiency and eco-friendly practices to close the food security gap.
The Powering Africa panel including leaders from ARAMCO, ACWA Power, and Heirs Energy addressed the critical need for reliable electricity access, a cornerstone for economic growth, health care, education and job creation across the continent.
A special Conversation with H.E. Bassirou Diomaye Faye, President of Senegal described the importance of empowering African youths and sustainable development across all sectors. He noted “the African continent is awakening once again to aspirations and objectives. We are witnessing the democratization of the continent. This includes building and enhancing the energy sector and related infrastructure, and promoting the youth.”
At the inaugural HERiizon Summit, H.R.H Ambassador Reema Bandar Al Saud underscored the vital role of women in leadership. She noted, “We should be looking cross-sectorally in the types of training that we are doing to create a well-rounded woman in the workplace..” Speakers like Cecilia Attias and Jenny Johnson discussed strategies to elevate women’s representation in Board rooms while Ruth Porat, championed the empowerment of women in finance and technology noting “We are in an incredible place [as female leaders] undergoing incredible transformation and we have to recognize that” highlighting the importance of global conferences such as FII8 for networking, and continuous learning.
On women as game changers in a complex interconnected world, Noel Quinn, pointed out that women’s leadership and unique perspectives are essential in addressing a more equitable and sustainable future, “an environment where people feel valued, have opportunities and can contribute.”
With over 600 speakers and 8,000 leaders, investors and innovators participating in more than 200 panels, FII8 conference aims to address the pressing challenges facing humanity – from finance, energy, investment, policy, and artificial intelligence to business, climate change, and cutting-edge innovation.
Richard Attias, CEO of the FII Institute said, “Today, we witnessed firsthand, through our pre-summits, the transformative power of engagement and dialogue, especially for women who are increasingly stepping into leadership roles and driving change across the world. By harnessing investment and forging meaningful partnerships, we can propel sustainable growth and ensure that Africa thrives as a beacon of opportunity, innovation, and resilience for generations to come. We look forward to the opening day of the 8th edition of FII, which promises to deliver tangible solutions to world’s pressing challenges.”
About FII Institute
The Future Investment Initiative (FII) Institute is a global non-profit foundation driven by data with an investment arm and one agenda: Impact on Humanity. Global and inclusive, we foster great minds from around the world and turn ideas into real-world solutions in four critical areas: Artificial Intelligence (AI) & Robotics, Education, Healthcare and Sustainability.
Photo: https://mma.prnewswire.com/media/2542373/FII.jpg
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Integrating Alternative and Bank Capital on One Powerful Servicing Platform
NEW YORK, Nov. 21, 2024 /PRNewswire/ — GSCF, a leading global provider of working capital solutions, today announced the launch of its enhanced cloud-enabled liquidity management platform and the creation of the Connected Capital ecosystem. Developed on a fully modernized technology stack, this innovative platform is designed to support a financing ecosystem that seamlessly connects alternative capital and bank financing.
GSCF’s highly configurable technology platform is unique as a one-stop solution for optimizing financial operations and accelerating growth, empowering companies and their funding partners to manage the end-to-end working capital cycle. The integration of funding sources can benefit a wide range of companies seeking to complement their core bank funding with access to alternative capital, including large investment grade enterprises and extending to mid-sized companies operating in riskier jurisdictions and industry verticals.
GSCF activated its Connected Capital ecosystem through a multi-year development program aimed at modernizing and consolidating its servicing and funding platforms. The Company has now completed the migration of its currently supported working capital programs, representing approximately $60 billion in annual funding volume, onto the new Connected Capital platform which provides:
- Full-Scope Risk Coverage: One platform that offers broad-spectrum risk coverage by combining the flexibility of alternative capital solutions with the efficiency of bank funding
- Tailored Solutions to Unlock New Growth: Co-creation of custom working capital programs to meet the unique needs of a business
- Actionable Insights: A powerful data warehouse supporting advanced analytics tools that dynamically enhance working capital decision-making and provide real-time insights into performance
- Expert Managed Services: Experienced professionals capable of addressing complex program requirements and delivering efficiency through automated workflows and streamlined operations
“By leveraging our cloud-enabled platform and deep industry expertise, we are empowering organizations to unlock the full potential of their working capital strategies,” said Doug Morgan, GSCF’s Chief Executive Officer. “Our advanced platform provides a seamless and efficient way to tailor funding to meet specific needs, enabling our clients to focus on their core business and access the capital needed to fuel expansion.”
With this significant technology investment and by combining the power of funding and servicing, GSCF has further extended the scope of the Working Capital as a Service (WCaaS) solutions it delivers to corporate customers and their funding partners to address real-time liquidity in a manner that supports sustainable growth. It also positions GSCF to meet the needs of currently underserved sectors, including mid-size companies that currently lack access to capital sources which fit their specific risk profile.
About GSCF
GSCF is the leading global provider of working capital solutions. The company empowers companies and their financial institution partners to accelerate growth, unlock liquidity and manage the risk and complexity of the end-to-end working capital cycle. GSCF’s innovative Working Capital-as-a-Service offering combines the power of an end-to-end Connected Capital technology platform with expert managed services and alternative capital solutions. GSCF’s team of working capital experts operates in over 75 countries, offering a truly global and holistic perspective to solve working capital efficiency challenges. Visit www.gscf.com to learn more.
Contact Information:
GSCF
Natalie Silverman
Chief Marketing Officer
[email protected]
(609) 577-5083
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View original content:https://www.prnewswire.co.uk/news-releases/gscf-launches-connected-capital-with-next-gen-working-capital-management-solution-302313195.html
UK tech company Zenoo sees AI as key component to greater efficiency as it expands its offering to small businesses
CAMBRIDGE, England, Nov. 21, 2024 /PRNewswire/ — Over the last few years digital onboarding provider Zenoo has been exploring the use of AI to refine and improve its services and it has now become a key component in its evolution goals.
The company has already improved team performance by using AI to improve internal efficiency with automated meeting notes and follow up, plus the production of draft technical and contract documentation.
It has also explored the use of AI in automating routine coding tasks; as a natural language to code generator; and in code reviewing and debugging.
In addition, the use of AI is aiding Zenoo in opening up its services to smaller businesses as it allows the organisation to be more cost effective and reduce the time it takes to complete projects by around 35%. It does this by relieving developers of routine work and allowing them to focus on added value and innovative areas within product development. The net result for customers is an overall cost reduction.
Zenoo UK managing director George Taylor said: “Zenoo will continue to focus on AI as a cost effective way to expand and scale the business over the coming years.”
Next year, Zenoo will employ a specific team tasked with staying ahead of curve in AI development and identifying further ways it can improve business performance and customer offerings.
About Zenoo
Zenoo specialises in the remote onboarding of customers for international companies to help them improve their conversion rates, breaking down barriers and making it easier for their customers to open accounts online.
Visit partner.zenoo.com for further information.
Media enquiries
Contact Bruce Ackland on +44 7884 076548 or email [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/zenoo-refining-services-with-ai-302313194.html
DUBAI, UAE, Nov. 21, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to reaffirm its commitment to providing ease of access to digital assets for eligible P2P users in Africa at zero fee. Connecting buyers and sellers at no cost, Bybit P2P continues to be the benchmark for cost-effective and convenient trading experiences.
Since its launch in Jan. 2022, Bybit P2P has consistently provided a user-friendly platform for users seeking a safer way to participate in the digital asset class. The services are offered at no costs for merchants and takers in P2P transactions:
- Merchants: Merchants may post advertisements on Bybit P2P for free.
- Takers: Users may place an order through advertisements listed on the P2P platform at no costs. The offer stands across all fiat trading pairs. Third-party fees may incur depending on the payment method chosen, as the payment providers may charge a transaction fee.
P2P Fee Structure (Africa)
|
Taker Fee (Sell Page) |
Maker Fee (Sell Page) |
|
|
Bybit |
0 % |
0 % |
|
Competitor B |
0.5% on completed orders for certain trading pairs |
0 % |
In addition, Bybit has launched an exciting P2P Coupon Giveaway Campaign from now to Jan. 15, 2025. As part of this initiative, users can earn a share of up to 20,000 USDT in rewards by completing tasks such as depositing $100 or trading $50,000 through Bybit P2P. The rewards will be in the form of Bybit P2P coupons to be redeemed in the next purchase, making the zero-fee transactions an even better deal for winners.
“Bybit’s steadfast commitment to contributing to financial inclusion comes in all forms, and keeping our P2P services free for as long as we can, and for as many users as possible, is one of the ways to support the crypto community,” said Joan Han, Sales and Marketing Director at Bybit. “When users come to our platform with the hopes of generating income on their assets, we want to play a supportive role in helping them reach their personal financial goals,” she added.
P2P on Bybit offers an intuitive and cost-effective peer-to-peer trading platform, facilitating the buying and selling of two users’ holdings at an optimal, agreed-upon price between them. With Bybit P2P, users stand to benefit from Bybit’s enterprise-level security and advanced features including comprehensive built-in KYC and KYB verification mechanisms, rigorous asset management protocols, and 24/7 customer service.
Find out more about the event and eligibility at Bybit P2P.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-waives-p2p-transaction-fees-for-users-in-africa-302313124.html
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