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Adamant Holdings Surpasses 300,000 App Downloads & Gives Update on UpOne

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Vancouver, British Columbia–(Newsfile Corp. – January 16, 2023) – Adamant Holding Inc. (CSE: ADMT) (FSE: U060) (OTC Pink: UCCPF) (“Adamant” or “the company”) gives update to its Shareholders regarding to UpOne, which will include Upco Pay, the future payment app together with its messenger section Upco Messenger. These filings can be accessed from the SEDAR website.

Overview of UpOne:

The UpOne project is a multifaceted application which includes two main components:

  1. Upco Messenger: (Already in the market)
  • One of the Lowest Data Usage Messenger (significantly less data consumption than skype or WhatsApp)
  • Private, Serverless Communication
  • Encrypted Voice and Video Calls
  • Fast Messaging and Private Groups
  • Call Forwarding
  • Ability to call any area code/phone number on the planet via Wi-Fi or data usage.
  1. Upco Pay (a complete mobile payment systems to be released):
    • Wallet creation
    • Link to debit/credit card and/or Bank accounts (where supported by region)
    • Group Payment
    • Gift Card
    • QR Payment
    • Fund Transfer
    • Loyalty Program

Upco Messenger has reached a significant milestone – 300,000 app downloads across the globe and it will be pushed massively in Bosnia and Herzegovina to existing retail customers belonging to EuroproNET (Company under acquisition announced January 12) which currently is doing business and has contracts with the some of most important companies like:

  • Coca Cola Beverages;
  • Uniqa Osiguranje dd;
  • Vienna Osiguranje;
  • Hrvatski Telekom dd;
  • Infosoft doo;
  • Philips Consumer Lifestyle BV;
  • Energoinvest dd;
  • Raiffeisen Bank dd;
  • Intesa Sanpaolo Banka dd;
  • Autcon/Eufor (European Union Force in, Supporting the Armed Forces of (AFBiH)).

Brilliance, the whole subsidiary of Adamant is currently updating the app on the Google Play store in order to start supporting the integration with Upco Pay.

Why Upco Pay is not yet in the market?

Adamant has focused primarily on delivering one of the most robust applications to the market and has needed to undergo significant research and development before deciding where to geographically launch and the best time to do so, in order to monetize as fast as possible for the benefits of our Shareholders.

With the current acquisition of EuroproNET d.o.o. Adamant will have an immediate community (Retail and Business customer) to test and monetize before an official European launch.

Why use UpOne in our digital marketing strategy?

The company has a focus to fix one of the biggest problems in the world – providing financial services to the 2.5 billion people who are ‘unbanked.” Our vertically integrated app will be a one stop platform, that holds a wide variety of services to help accompany users in their day-to-day lives.

“My focus since founding the company almost a decade ago was to fill a gap within the fintech and telecom space. Taking Adamant to this next phase will be a crucial part of our business and will benefit shareholders tremendously as we plan on becoming the next globe player in the fintech space.” – CEO Andrea Pagani.

Andrea Pagani, Adamant CEO
[email protected]
Telephone: +39 334 661 8604

About ADAMANT

ADAMANT Global Holding is the owner of Oktacom Inc, a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business, and Brilliance ltd, a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce; it has designed a software application for Apple iOS and Android, like SKYPE and WhatsApp.

Website: www.adamantglobal.com
Twitter: @adamantglobal
LinkedIN: Adamant-Global

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151409

Fintech

Central banks and the FinTech sector unite to change global payments space

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The BIS, along with seven leading central banks and a cohort of private financial firms, has embarked on an ambitious venture known as Project Agorá.

Named after the Greek word for “marketplace,” this initiative stands at the forefront of exploring the potential of tokenisation to significantly enhance the operational efficiency of the monetary system worldwide.

Central to this pioneering project are the Bank of France (on behalf of the Eurosystem), the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York. These institutions have joined forces under the banner of Project Agorá, in partnership with an extensive assembly of private financial entities convened by the Institute of International Finance (IIF).

At the heart of Project Agorá is the pursuit of integrating tokenised commercial bank deposits with tokenised wholesale central bank money within a unified, public-private programmable financial platform. By harnessing the advanced capabilities of smart contracts and programmability, the project aspires to unlock new transactional possibilities that were previously infeasible or impractical, thereby fostering novel opportunities that could benefit businesses and consumers alike.

The collaborative effort seeks to address and surmount a variety of structural inefficiencies that currently plague cross-border payments. These challenges include disparate legal, regulatory, and technical standards; varying operating hours and time zones; and the heightened complexity associated with conducting financial integrity checks (such as anti-money laundering and customer verification procedures), which are often redundantly executed across multiple stages of a single transaction due to the involvement of several intermediaries.

As a beacon of experimental and exploratory projects, the BIS Innovation Hub is committed to delivering public goods to the global central banking community through initiatives like Project Agorá. In line with this mission, the BIS will soon issue a call for expressions of interest from private financial institutions eager to contribute to this ground-breaking project. The IIF will facilitate the involvement of private sector participants, extending an invitation to regulated financial institutions representing each of the seven aforementioned currencies to partake in this transformative endeavour.

Source: fintech.globa

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TD Bank inks multi-year strategic partnership with Google Cloud

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TD Bank has inked a multi-year deal with Google Cloud as it looks to streamline the development and deployment of new products and services.

The deal will see the Canadian banking group integrate the vendor’s cloud services into a wider portion of its technology solutions portfolio, a move which TD expects will enable it “to respond quickly to changing customer expectations by rolling out new features, updates, or entirely new financial products at an accelerated pace”.

This marks an expansion of the already established relationship between TD Bank and Google Cloud after the group previously adopted the vendor’s Google Kubernetes Engine (GKE) for TD Securities Automated Trading (TDSAT), the Chicago-based subsidiary of its investment banking unit, TD Securities.

TDSAT uses GKE for process automation and quantitative modelling across fixed income markets, resulting in the development of a “data-driven research platform” capable of processing large research workloads in trading.

Dan Bosman, SVP and CIO of TD Securities, claims the infrastructure has so far supported TDSAT with “compute-intensive quantitative analysis” while expanding the subsidiary’s “trading volumes and portfolio size”.

TD’s new partnership with Google Cloud will see the group attempt to replicate the same level of success across its entire portfolio.

Source: fintechfutures.com

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MAS launches transformative platform to combat money laundering

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The MAS has unveiled Cosmic, an acronym for Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases, a new money laundering platform.

According to Business Times, launched on April 1, Cosmic stands out as the first centralised digital platform dedicated to combating money laundering, terrorism financing, and proliferation financing on a worldwide scale. This move follows the enactment of the Financial Services and Markets (Amendment) Act 2023, which, along with its subsidiary legislation, commenced on the same day to provide a solid legal foundation and safeguards for information sharing among financial institutions (FIs).

Cosmic enables participating FIs to exchange customer information when certain “red flags” indicate potential suspicious activities. The platform’s introduction is a testament to MAS’s commitment to ensuring the integrity of the financial sector, mandating participants to establish stringent policies and operational safeguards to maintain the confidentiality of the shared information. This strategic approach allows for the efficient exchange of intelligence on potential criminal activities while protecting legitimate customers.

Significantly, Cosmic was co-developed by MAS and six leading commercial banks in Singapore—OCBC, UOB, DBS, Citibank, HSBC, and Standard Chartered—which will serve as participant FIs during its initial phase. The initiative emphasizes voluntary information sharing focused on addressing key financial crime risks within the commercial banking sector, such as the misuse of legal persons, trade finance, and proliferation financing.

Loo Siew Yee, assistant managing director for policy, payments, and financial crime at MAS, highlighted that Cosmic enhances the existing collaboration between the industry and law enforcement authorities, fortifying Singapore’s reputation as a well-regulated and trusted financial hub. Similarly, Pua Xiao Wei of Citi Singapore and Loretta Yuen of OCBC have expressed their institutions’ support for Cosmic, noting its potential to ramp up anti-money laundering efforts and its significance as a development in the banking sector’s ability to combat financial crimes efficiently. DBS’ Lam Chee Kin also praised Cosmic as a “game changer,” emphasizing the careful balance between combating financial crime and ensuring legitimate customers’ access to financial services.

Source: fintech.global

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