Fintech PR
FII Convenes Dialogues on Global Growth and Sustainable Innovation
RIYADH, Saudi Arabia, Oct. 31, 2024 /PRNewswire/ — On the second day of the 8th Future Investment Initiative (FII) in Riyadh, leaders from around the world gathered to discuss the transformative potential of emerging technologies and investment strategies in redefining the future. A Special Address was delivered by H.E. Minh Chính Phạm, Prime Minister, Socialist Republic of Vietnam.
Richard Attias, CEO of the FII Institute, summarised the day’s ambitions, stating, “At FII8, we are witnessing a new era where innovation and capital converge not just to shape industries but to create a sustainable and inclusive future for all. Today’s discussions highlighted the journey toward a world of boundless possibilities and infinite opportunities.”
Standout moments from Day Two of FII8
- Board of Changemakers on Technology & Innovation: Leaders from industries including Marcelo Claure, Founder & CEO, Claure Group; Group Vice Chairman, SHEIN; Alex Clavel, Co-CEO, SoftBank Vision Funds; Hani Enaya, CIO, Sanabil Investments; Antonio J. Gracias, Founder, CEO & CIO, Valor Equity Partners; Vineet Mittal, Chairman, Avaada Group; Dan Schulman, Vice Chairman & Managing Partner, Valor Capital Group; Robert Smith, Founder, Chairman & CEO, Vista Equity Partners; and Julie Sweet, Chair & CEO, Accenture explored how AI could create up to $10.3 trillion in economic value by 2038. This session urged companies to develop AI responsibly to ensure equitable benefits across society.
- Ocean Central Announcement: Her Royal Highness Ambassador Reema Bandar Al-Saud, the Ambassador of the Kingdom of Saudi Arabia to the United States of America, announced the launch of Ocean Central, a digital platform developed by Wave and powered by FII Institute which collates data, and provides a clear and evolving view of ocean health, an urgently needed resource in efforts to regenerate our oceans.
HRH Ambassador Reema Bandar Al-Saud founded Wave as an initiative to champion ocean regeneration within a human generation, an ambitious but achievable aspiration, utilizing science-backed methodologies.
Wave has developed Ocean Central as a collaborative digital platform to unify once-disparate scientific ocean data by fostering collaboration, empowering decision-makers, and tracking collective progress toward ocean regeneration. Ocean Central combines accessibly displayed data with data-driven stories, relevant video content, news, and other ocean regeneration content to broaden users’ perspectives, shine light on the challenges ahead, celebrate successes, and foster a deeper appreciation for our planet’s ocean and our work to save it. To learn more, visit www.oceancentral.org - AI and Geopolitics of Technology with Dr. Eric Schmidt, Former CEO & Chairman, Google, KBE: Dr. Eric Schmidt delivered a discussion on the geopolitical impact of AI, exploring how advancements in cybersecurity and digital infrastructure are reshaping international relations. His address emphasized the importance of cooperation in data governance and digital trade to navigate a world of increasing technological competition.
- The Global Future of Work Compass
The FII Institute unveiled its latest research, the Global Future of Work Compass, based on responses from over 1,300 people and 200 companies in the MENA region. The report indicates that 50% of respondents find advanced technology disruptive, and 46% believe youth tech training is insufficient, underscoring the need for proactive education reform and upskilling. Read the Full Report Here. - Support for the Symphony of Hope Gala
The FII Institute contributed $100,000 to the Symphony of Hope Gala, advocating for individuals affected by celiac disease globally. This support aligns with the FII Institute’s commitment to inclusive health initiatives and creating awareness for pressing health concerns. - ‘Clash of the Titans’ Debates
In a lively debate session titled “Clash of the Titans,” thought leaders exchanged views on three critical issues: the future of currency, the role of AI in truth, and the influence of technology companies in global power. This dynamic format allowed for fresh insights into these epoch-defining challenges. - The Rise of Global Megaregions
Speakers from leading global institutions explored the concept of megaregions—large, interconnected economic zones—as new centers of opportunity. They discussed the role of capital in supporting these economic hubs through innovative solutions and infrastructure investments. - Future of Resources: Achieving Clean Industries
Panellists debated the feasibility of clean industries amid rising demand for critical minerals in renewable technologies. Leaders from SABIC, Sigma Lithium, Vale, Ivanhoe Mines and Ma’aden addressed the challenge of responsibly managing resources to support sustainable growth. - Building A Future-Ready Workforce
The potential for AI to redefine the future of work was a central theme, with discussions on adapting education and training to meet evolving demands. Industry experts highlighted how AI could contribute $13 trillion to the global economy by 2030, transforming job roles and creating new growth opportunities.
With a commitment to “Investing Today, Shaping Tomorrow,” the FII Conference continues to pave the way for meaningful investments that drive progress, innovation, and sustainability worldwide. With over 45 sessions held on topics such as green technology and digital transformation in emerging markets, FII8 serves as a platform for exploring innovative solutions to global challenges. The insights shared here are critical to shaping future investment landscapes, empowering leaders, and fostering impactful partnerships. - Announcements: Today, FII8 witnessed the announcement of 11 new financial announcements all investing in impactful solutions for humanity. Alongside these announcements, 6 strategic partnerships were established, underscoring a commitment to driving positive change across diverse sectors including technology, quality of life, innovation, and sustainability.
About FII Institute
The Future Investment Initiative (FII) Institute is a global non-profit foundation focused on creating positive impacts on humanity. Through its investment arm, FII Institute transforms ideas into solutions across four areas: Artificial Intelligence & Robotics, Education, Healthcare, and Sustainability.
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Fintech PR
Bybit Launches Localized Website for Kazakhstan Community, Offering Comprehensive Crypto Trading Services
DUBAI, UAE, Oct. 31, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the launch of its fully localized platform (bybit.kz) for the Kazakhstan market. Following its full authorization from the Astana Financial Services Authority (AFSA), Bybit is now fully compliant with local regulations and ready to offer Kazakhstan users a tailored, secure, and seamless trading experience at bybit.kz.
Tailored Trading for Kazakhstan
Kazakhstan residents can now access Bybit Kazakhstan (bybit.kz), which is specifically designed to meet local market needs. The platform offers the same world-class services available globally, with features adapted to ensure a smooth user experience for the Kazakhstan crypto community.
Key Features of Bybit Kazakhstan:
Streamlined Registration Process
Users can easily register new accounts using their email addresses through bybit.kz, available exclusively to Kazakhstan citizens. The onboarding process is streamlined, adhering to local standards for a quick and hassle-free start to trading.
Diverse Trading Options
Bybit Kazakhstan offers an extensive range of cryptocurrency trading services, ensuring that traders of all levels can confidently engage in the market. The platform supports spot trading, allowing users to buy and sell a variety of cryptocurrencies with real-time liquidity.
For more advanced traders, Bybit Kazakhstan provides derivatives trading, where users can trade sophisticated financial products like futures, enabling diverse trading strategies. Additionally, margin trading is available, giving traders the opportunity to amplify their positions with leverage, maximizing potential profits in both rising and falling markets. For those seeking liquidity without selling their assets, Bybit also offers crypto loans, allowing users to borrow against their crypto holdings.
Upcoming Fiat Gateway for Kazakhstan Tenge (KZT)
In addition, Bybit Kazakhstan is collaborating with local banks to introduce a fiat gateway for Kazakhstan Tenge (KZT). This integration will enable users to effortlessly deposit and withdraw funds directly in KZT. The partnership with local banking institutions ensures hassle-free transactions and faster access to funds, providing enhanced convenience that is specifically tailored to Kazakhstan’s financial ecosystem.
Localized Customer Support
Bybit Kazakhstan provides dedicated support in Kazakh, Russian, and English, ensuring users can access assistance in their preferred language. Our local support team is fully equipped to address user inquiries and resolve any issues, adhering to Kazakhstan’s regulatory framework.
User-Friendly Experience
The bybit.kz platform is designed with user experience at its core. The localized interface, seamless navigation, and clear registration process make it simple for both new and seasoned traders to access the full range of services. The platform ensures a smooth journey from account creation to advanced trading strategies.
Safety and Security
As an AFSA-licensed platform, Bybit Kazakhstan upholds the highest security standards. The platform is built with industry-leading security protocols, ensuring that user assets and data are fully protected. Furthermore, Bybit adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, providing a safe and compliant environment for all users.
A New Chapter for Kazakhstan’s Crypto Traders
The launch of bybit.kz represents a significant milestone for Bybit as it continues to expand its global presence. This localized platform is set to empower the Kazakhstan crypto community by delivering reliable, secure, and advanced trading services that align with local needs.
For more information, visit bybit.kz or reach out to our local support team for assistance.
#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
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- Hyundai Motor Company holds ‘Clearly Committed’ event in Korea to reinforce its vision for a hydrogen future
- INITIUM hydrogen fuel cell concept vehicle showcases the company’s new ‘Art of Steel’ design language and reflects Hyundai Motor’s customer-centric approach
- Hyundai Motor Group Executive Chair Euisun Chung underscores commitment to HTWO hydrogen business brand following CES 2024 debut
SEOUL, South Korea, Oct. 31, 2024 /PRNewswire/ — Hyundai Motor Company today unveiled its INITIUM hydrogen fuel cell electric vehicle (FCEV) concept at its ‘Clearly Committed’ event held at Hyundai Motorstudio Goyang.
INITIUM is a Latin word meaning ‘beginning’ or ‘first’, representing Hyundai Motor’s status as a hydrogen energy pioneer and its commitment to develop a hydrogen society.
INITIUM provides a preview of a new production FCEV that Hyundai Motor plans to unveil in the first half of next year. The concept encapsulates the company’s 27 years of hydrogen technology development and reflects its clear commitment to achieving a sustainable hydrogen society.
“Hyundai Motor’s clear, unwavering commitment to hydrogen over the past 27 years is rooted in our belief in its potential as a clean, accessible and therefore fair energy source for everyone,” said Jaehoon Chang, President and CEO of Hyundai Motor Company. “We are dedicated to pioneering a future where hydrogen is used by everyone, in everything, and everywhere. We invite you to join us on this journey.”
Hyundai Motor launched its HTWO hydrogen value chain business brand earlier this year at CES 2024, highlighting how Hyundai Motor Group Executive Chair Euisun Chung is focusing the Group’s efforts on hydrogen energy.
Unveiling its vision for HTWO Grid – an end-to-end hydrogen energy solution that spans production, storage, transportation and utilization – Executive Chair Chung expressed the Group’s commitment to actively participate in the development of a hydrogen society and underscored the Group’s capabilities to achieve this goal, highlighting that “The shift to hydrogen energy is for future generations.”
Past, present and future: Hyundai Motor’s hydrogen vehicle development
Hyundai Motor hosted a Hydrogen Heritage Talk session, showcasing its 27-year history of FCEV development. The panel talk between executives allowed visitors to experience and engage with Hyundai Motor’s dedication to the development of FCEVs.
For the new millennium Hyundai Motor began its ambitious Mercury Project, aimed at bridging ground to industry leaders, and the Polaris Project, which focused on the independent development of the company’s core fuel cell stack technology.
In 2005 Hyundai Motor established its Mabuk Environmental Technology R&D Center, accelerating the development of hydrogen fuel cell vehicles. At the time, Hyundai Motor Group Honorary Chairman Mong-Koo Chung encouraged researchers at the facility to push boundaries, empowering them to pursue engineering challenges with courage and confidence.
“You can never make something great by creating it just once,” Chung said. “Don’t worry about budget, let young engineers try making every type of car they dream of. There’s no need to save money by developing the same car 100 times over. It’s fine if all 100 models are completely different to each other.”
Hyundai’s hydrogen evolution saw it become the world’s first automaker to mass-produce hydrogen FCEVs, introducing its first dedicated hydrogen fuel cell model in 2018. These FCEV development achievements highlight Hyundai Motor’s clear commitment to creating a better tomorrow.
More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
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JAKARTA, Indonesia, Oct. 31, 2024 /PRNewswire/ — PT. Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) maintained its strong performance amidst global and domestic economic challenges, achieving a net profit of IDR 45.36 trillion in the third quarter of 2014. At the financial performance press conference on October 30, BRI President Director Sunarso said, “This achievement is a result of BRI’s consistent focus on strengthening performance fundamentals and implementing strategic responses to manage market dynamics.”
By September 2024, BRI had disbursed IDR 1,353.36 trillion in loans, an 8.21% year-on-year growth, of which 81.70% (IDR 1,105.70 trillion) went to the MSME segment. This growth also increased BRI’s assets by 5.94% to IDR 1,961.92 trillion. “BRI is here to empower MSMEs as a crucial pillar of national economic growth,” Sunarso explained, emphasizing the bank’s role in building an inclusive economy.
BRI also improved asset quality, with NPL falling to 2.90% and LAR to 11.66% by Q3 2024, driven by disciplined risk management and an early warning system. The bank strengthened its reserves with an NPL coverage ratio of 215.44%. “BRI has implemented various risk mitigation measures, from selective growth to proactive credit monitoring and collaborative problem resolution,” he said. On the liabilities side, BRI raised IDR 1,362.42 trillion in third-party funds (DPK), up 5.59% year-on-year. Low-cost funds (CASA) dominated at 64.17%, up from 63.64% last year.
A key driver of BRI’s growth in low-cost funds is its digital transformation through the BRImo super-app, providing accessible banking anytime, anywhere. By September 2024, BRImo reached 37.14 million users, with transaction volume increasing by 35.20% year-on-year to IDR 4,034 trillion.
BRI has also expanded hybrid banking to underserved areas, with more than 1.02 million BRILink agents in 62,227 villages supporting national financial inclusion. From January to September 2024, these agents facilitated IDR 1,170 trillion in transactions from 859 million interactions.
Furthermore, BRI’s performance in Q3 2024 is supported by solid liquidity (LDR of 89.18%) and capital (CAR of 26.76%). “Going forward, BRI will prudently manage liquidity to ensure readiness for global and domestic economic challenges providing room for further growth,” Sunarso added.
“BRI is confident of closing 2024 on a positive note, focusing on strengthening fundamentals and building resilience to face global and domestic challenges,” Sunarso concluded.
For more information on BRI, please visit www.bri.co.id
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