Powered by Catcha Group, Wild Digital Southeast Asia 2019 saw a record-breaking crowd of 100+ speakers, 1700+ attendees, 50+ sessions and 2 After Parties over the two days of 3rd and 4th July 2019.
Its fifth year running, Wild Digital was birthed with the objective of connecting tech and digital leaders, and key decision makers of the region on one platform, allowing for the exchange and furthering of ideas with the aim of driving the region’s tech advancements. This year’s theme was aptly “Advancing SEA’s Billion-Dollar Ideas”.
Keynote speakers included Patrick Grove, Dato’ Seri Anwar Ibrahim, YB Syed Saddiq, Roger James Hamilton (The New York Times Bestseller), Nick Nash (Managing Partner & Co-founder, Asia Partners), Eric Gnock Fah (Klook), Mark Britt(iflix), Agung Bezharie (Warung Pintar) and many more. Key pull out quotes included,
“Only 10 years behind China, we, Southeast Asia are currently in the unicorn phase – a turning point for most regions in the world.” Nick Nash, Co-Founder and Managing Partner of Asia Partners.
“Our focus is mostly right now on gaming companies, video entertainment, OTT, and to some extent e-commerce and also fintech companies. Me and you, as consumers, spend most of our time on our phones. There are a lot of services there that can be monetized. Therefore, having the platform that allows for end to end monetization is something we have built,” Zoran Vasiljev, CEO, Apigate Sdn. Bhd.
“Traditional grocery retail industries in SEA will change more in the next 5 years than in the past 50!” Ronald Chan, Group COO, Happy Fresh.
“There is no better time than now to prove that women have a voice and people need to listen.” Beverly Chen, Marketing Director, APAC, AppsFlyer.
The two-day event also saw many firsts for Wild Digital. A live crowdfunding segment took place throughout the two days. A collaboration with PitchIn, Malaysia’s leading crowdfunding platform, the segment allowed for all attendees to invest in 15 curated investment-ready start-ups from the region, from as low as USD100. By Day 2 of Wild Digital SEA, PitchIn recorded a total of RM80k in pledges.
Wild Digital also held a private session with Dato’ Seri Anwar Ibrahim on the evening of day one, co-hosted by Khailee Ng, Managing Partner of 500 Startups and Amira Karim, Head of Public Policy, Stripe. A closed-door by-invitation only session, the segment was a cozy dialogue between Dato’ Seri Anwar Ibrahim, Khailee, Amira, and over fifty internet leaders of the region.
Patrick Grove, Catcha Group, Co-Founder, “This is the reason we started Wild Digital and this is our differentiator. We don’t just wanna have a hyped-up mass conference. We want to actually be the platform where cool, change-making internet leaders come together to engage, share ideas, and push for growth – and Wild Digital is committed to doing this. To always be that platform and hopefully open doors to the next generation of a fresh digital tsunami.”
Khailee Ng, 500 Startups, Managing Partner, “If all of us are walking the right steps, we can run.”
Amira Karim, Stripe, Head of Public Policy, “We are just expanding and starting with Malaysia here, officially launching in Sept/Oct. Stripe is traditionally US-centric and coming to Malaysia meant that we had to learn (about this country and market). To listen to you; and this is just our Beta version, but we already have 20 companies with us, many of them start-ups. Malaysia is looking to expand its inclusiveness. How do we, all of us here, expand and grow the GDP of internet in Malaysia?”
Dato’ Seri Anwar Ibrahim, President, People’s Justice Party, “Let’s encourage local startups and the localization of companies. We have to, all of us, trust the local players. Replace race-backed economic policies, and not ignore the plight of the poor.”
Dr. Sumitra Nair, MDEC, Vice President, Talent & Digital Entrepreneurship, “We have to break the silos by fostering a sense of conversation. Have new ways of thinking, new ways of working together. There’s so much to do, so much to accelerate.”
Choo Ping Ang, Expedia, Asia Senior Director, Corporate and Government Affairs, “Skill is important. This year alone, we brought 3 million in business to Malaysia. We’re looking to work with more SMEs, hotels and the like to bring more tourists to Malaysia. Expedia is committed to working in the tourism and hospitality industry in the country by continually upskilling them.”
Raymond Hor, Kejora Ventures, General Partner, “We are working with governing bodies like the Securities Commission to co-ordinate more funds here but money is never enough. Rather than wait for the government to give us funds, why don’t we look to inviting VCs from the outside to invest in Malaysian start-ups? We can have regional funds and participate in high growth countries like Indonesia, as well as Malaysia. That’s the key — matching foreign and local money.”
Wild Digital sets a fast-paced and specially curated first-class main stage programme with an exciting mix of established industry giants and rising digital disruptors. Speakers on stage must be of a CEO, MD (SEA/APAC), Founder or Co-Founder position. Start-ups included must have raised at least USD10 million, venture capital or corporate ventures firms a fund size of at least USD100 million.
In line with the global movement to combat pollution and save the planet, Wild Digital has also gone plastic-free this year on with Tengku Zatashah Idris leading the charge, on a panel on Day 2. In line with Tengku and Wild Digital’s aim this year to go #zeroplastic and #stopsingleuseplastic, plastic used before, during and after the conference was reduced, reused or recycled.
For more information and the full line-up of speakers and attendees, head on over to www.wilddigital.com.
Ideanomics Rounds Out NEVC Offerings, Updates Unit Name to New Energy Transportation Services Group (NETS)
Ideanomics Inc. (Nasdaq: IDEX) has today announced the formation of New Energy Transportation Services Group (NETS), a service company proving comprehensive and commercial solutions that include Marketing, Financial Services, Technology and Infrastructure for the New Energy Transportation Services industry with.
This newly-formed group will be domiciled in Singapore to embrace the global business ex-China, beginning with Malaysia and the other ASEAN countries. From Asean, the company plans to expand its substantial commercial offerings into other regions, including North America and Europe, to develop and support cleantech commercial vehicle markets. The NETS Group is focusing its full-service model of ‘Sales-to-Financing-to-Charging networks (S2F2C) in efforts to support the full value chain of the cleantech commercial vehicle industry. As the new energy transportation markets continue to gain momentum globally, we expect our sales from the NETS Group to grow significantly by the end of 2020 and with it the potential to spin-off what is anticipated to a highly profitable division to create additional shareholder value.
According to a recent Bloomberg New Energy Finance (BNEF) report “…commercial electric van and truck sales are set to accelerate in the 2020s,” and “By 2040, it’s expected that 56% of light commercial vehicle sales and 31% of medium commercial vehicles in China, the U.S. and Europe to be electric.”
The NETS Group is positioning to become a global leader in the sourcing, sales, and debt and equity financing of global new energy transportation solutions; to help streamline the adoption of cleantech commercial vehicles, and associated infrastructure, and to support the rapid adoption of new energy passenger vehicles, globally.
The NETS Group competitive advantage will be improved pricing through volume discount from factory to customer direct group-based purchasing, improved financing rates and availability, and will have the ability to procure a full range of vehicles from a variety of manufacturers through a single point of service in ASEAN, European, and North American markets.
“Having recently began to refer to this business unit as the NEVC Group, we took a step back and considered what additional services and solutions we needed to round out the offering,” said Alf Poor. “With the continued interest in light rail and heavy municipal vehicles, such as garbage and fire trucks, as part of our audience’s transportation planning objectives, we understood that a full-service solution would need to include light rail, and the power infrastructure required for the different forms of new energy transportation from rail to the fast-charging networks needed to support the different types of commercial vehicles required for tomorrow’s transportation needs.”
The NETS Group continues to expand and grow its new energy commercial vehicle strategic industry alliances within the new energy commercial transportation ecosystem with partners and market leaders such as JAC, Beijing Foton, Yinlong, and BYD. The NETS Group will continue to grow this alliance and add new strategic partners and market leaders, and grow its offerings, enterprise operational tools, and commercial support to fuel the fast and growing demand.
“Technologies such as Artificial Intelligence will play an increasingly import role the New Energy Transportation Services industry. Our world-class AI offerings from our subsidiary ‘Intelligenta’ will support this commercial level smart integration needed for a successful go to market strategy,” said Poor.
The NETS Group plans to leverage its full-service model with all stakeholders involved in transportation planning, from local, regional, and national governments, through to private enterprise groups supporting travel and tourism. This will help to establish a cost-efficient underwriting model that will provide a streamlined path for the adoption and transformation to cleantech from urban transportation’s current reliance on fossil fuels.
360Quadrants Recognizes IBM, Microsoft and Salesforce as Visionary Leaders in the AI in Fintech Space
AI in Fintech solutions are used by enterprises to perform finance-related tasks that traditionally require human intelligence. These solutions leverage AI-equipped technology to allow the financial sector to design better investment strategies, swiftly detect anomalies, recognize patterns in data, implement voice recognition, and engage in thorough market analysis. Simply put, the AI in Fintech market hosts vendors that provide AI-enabled Fintech solutions.
360Quadrants the most granular comparison platform has released a quadrant on AI in Fintech Solutions to help businesses make quicker and more informed decisions. The quadrant has IBM, Microsoft and Salesforce sharing space as Visionary Leaders. 360Quadrants are generated post analysis of companies (product portfolios and business strategy). Quadrants will be updated every three months based on market and regional analysis and developments in AI in Fintech.
AI in Fintech Solutions Quadrant Highlights
360Quadrants covers 79 companies in the AI in Fintech Solutions space and places the top 44 of them in a quadrant depending on their quality, reliability, and business outcome. These 44 companies are categorized into Visionary Leaders, Dynamic Differentiators, Emerging Companies, and Innovators.
360Quadrants recognizes Intel Movidius Neural Compute Stick, Amazon AWS Alexa, Salesforce Einstein, Google Cloud Platform, Microsoft Cortana Intelligence Suite, and IBM Watson Platform as Visionary Leaders; IPSoft Amelia, ComplyAdvantage, Nuance Virtual Assistance, Inbenta InbentaBot, Digital Reasoning Conduct Surveillance as Innovators; Samsung and Microstrategy HyperIntelligence as Dynamic Differentiators; and DataRobot, Razorthink Big Brain, Numenta HTM for Stocks suite, Anodot AI Analytics, Brighterion Smart Agents, Kasisto Kai Banking, Next IT Alme, ZestFinance ZAML, Ayasdi Enterprise AI, Voyager Analytics, AlphaSense and Wallet. AI as Emerging Companies. The 360Quadrants platform provides the most granular AI in Fintech Solutions comparisons between vendors.
Additionally, 360Quadrants has dived deep into research and released a niche region-specific quadrant. This quadrant recognizes the top player in the market in specific regions. The regional quadrant covers North America, Europe, Asia Pacific, MEA, and Latin America. Intensive research was conducted to place companies in regional quadrants based on their developments, presence—both online and physical—and support/reach in specific regions. IBM Watson, Salesforce, and Microsoft are recognized as Visionary Leaders across regions. In the North America and Asia Pacific regions, Intel Movidius Neural Compute Stick is recognized as a Visionary Leader by 360Quadrants. Finally, for Latin America and MEA, 360Quadrants recognizes AWS as a Visionary Leader.
The methodology used to rank AI in Fintech Solutions companies involved the use of extensive secondary research to identify key vendors by referring to annual reports, press releases, investor presentations, white papers, and various related directories and databases. 44 key vendors were shortlisted based on their breadth of product offerings, organization size, and other criteria. The scores and weights for shortlisted vendors against each parameter were finalized post research. After the finalization of ratings, each vendor was placed in the most relevant quadrant based on their score in the product offering and business strategy parameters.
Infinicept Achieves 5X Growth Putting FinTech and SaaS Companies on the Fast Track as Payment Facilitators
As the payment facilitator market continues its trajectory of nearly 80% CAGR, representing $500 billion in total transaction volume by 2021, Infinicept is quickly capturing market share as the first and only open, agnostic payment facilitator platform. Since the company’s launch in 2012, Infinicept has helped fast track over 200 payment facilitators by offering consulting services and products that greatly reduce the time it takes to embed payment acceptance into software offerings. This momentum continues in 2019 as Infinicept records 500 percent growth in revenue and customer acquisition.
Recognizing the potential for further growth, Mastercard has invited Infinicept to join Start Path, a six month program that connects innovative later-stage startups to Mastercard’s global ecosystem.
“Having evaluated 10,000 startups from across the globe, we are always adding ground-breaking entrepreneurs to our network of innovators,” said Amy Neale, Mastercard vice president and global lead for Start Path. “Mastercard Start Path companies today are later-stage startups reaching unicorn status, entering the public markets and co-creating with world-renowned financial services firms to deliver real solutions for consumers.”
As the payment facilitator model matures, hundreds of thousands FinTech and software as a service (SaaS) companies worldwide are realizing they can provide a better customer experience and increase revenues and valuation by becoming a payment facilitator. The main obstacle being the time it takes to become a payment facilitator and the risks that come with onboarding submerchants. Payment Facilitator in a Box was developed by Infinicept to provide companies with the merchant underwriting and back office platform they need to easily get up and running—in weeks, not years.
Infinicept has already attracted customers in a variety of vertical markets who recognize the benefits and return on investment (ROI) this payment model offers. Signed customers include businesses in retail, food and beverage, healthcare, real estate, events and many more.
“Within the healthcare industry, there is a huge demand for a more positive payment experience. Patients expect modern, intuitive payment tools and large health systems need the flexibility to respond to their patients’ financial needs by rolling out consumer-friendly payment options across their enterprise,” said Alan Nalle, Chief Strategy Officer of Patientco. “Leveraging Infinicept’s innovative Payment Facilitator in a Box, Patientco simplifies the complexities of implementing, managing and scaling new payment technology for health systems while providing a superior financial experience that today’s patients expect.”
“FinTech and SaaS companies see the value of integrating merchant acceptance, underwriting, onboarding and back office operations into their products, but in order to do that, they need a supporting platform that reduces the complexities of it and works with any bank, processor, gateway or CRM they choose,” said Deana Rich, Co-Founder and Co-CEO of Infinicept. “Achieving 500 percent revenue growth and joining the Mastercard Start Path program confirms Infinicept is on the right path to fill a critical market need for FinTech and SaaS companies. Our engineering team and partners have done a great job delivering a dynamic suite of open and automated services that provide an operational backbone for any company looking to take the simple path to becoming a payment facilitator.”
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