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Standard Chartered arm takes stake in British fintech Algbra

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An arm of Standard Chartered, the FTSE-100 bank, is taking a stake in a British company set up with the objective of providing ethical financial products to customers.

Sky News understands that SC Ventures will announce on Monday that it is injecting an unspecified multimillion-dollar sum into Algbra, which counts a host of illustrious names from business and finance among its backers.

City sources said that SCV, which is based in Singapore, was investing at least $10m (£8.02m) into Algbra, although neither the exact sum nor the resulting valuation could be ascertained.

As part of their collaboration, Algbra is understood to have agreed to use its core banking platform to build Shoal, a new digital venture announced in 2021 by Standard Chartered Bank to “give UK savers the power to help fund the fight against climate change”.

Shoal was originally contracted to be built by Starling Bank, but will now see Algbra’s technology deployed instead, according to one fintech insider.

Algbra declined to comment.

The investment from SC Ventures represents its first into a UK-based company.

Source: news.sky.com

The post Standard Chartered arm takes stake in British fintech Algbra appeared first on HIPTHER Alerts.

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ALLCLEAR TRAVEL RESEARCH: ONE IN FOUR PEOPLE WITH MEDICAL CONDITIONS RISK INVALIDATING THEIR TRAVEL INSURANCE WHEN TRAVELLING ABROAD

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LONDON, May 16, 2024 /PRNewswire/ — One in four people with pre-existing medical conditions (25%) say they will not declare all of their medical conditions when buying travel insurance, with 40% of these only declaring what they are currently being treated for.

Of those that would not declare everything, one in eight (13%) would only declare everything when visiting far-flung destinations, or when they’re away for two weeks or more (15%). Another 14% don’t always declare all their medical conditions as they believe the risk of falling ill is very small.

Further the issue of travelling abroad with medical conditions is not an issue confined to older holidaymakers. The new survey of a representative sample of 2,212 adults reveals that across all age groups, around two-thirds of survey respondents acknowledged they had some form of pre-existing medical condition.  For any age, medical conditions need to be declared when travelling abroad to avoid the risk of travel insurance being invalidated.

Garry Nelson, Head of Corporate Affairs at AllClear Travel Insurance commented: “While it is positive to see that most people are choosing to declare all of their medical conditions to their travel insurance provider, the fact one in four don’t is of particular concern. With travel insurance, it is vital that people – and particularly those that have pre-existing medical conditions – declare ALL the medical conditions that fall within their Travel Insurance warranty, to be sure their cover offers them the fullest protection possible.”

“Our priority at AllClear is to look after our customers on holiday and the value we deliver our customers is based on a commitment to providing the best quality product and best-in-class service for the fairest possible price.”  

For more than 20 years, award-winning AllClear Travel Insurance has helped cover more than 3.5m people, with customers across the UK and Australia.  AllClear is passionate about enabling people to obtain specialist travel insurance whatever their pre-existing medical conditions or age. Discover more about AllClear at: www.allcleartravel.co.uk 

The online research was conducted for AllClear by Sago research among a representative sample for 2,212 adults in April 2024.

View original content:https://www.prnewswire.co.uk/news-releases/allclear-travel-research-one-in-four-people-with-medical-conditions-risk-invalidating-their-travel-insurance-when-travelling-abroad-302146684.html

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barq and TerraPay Forge a Strategic Partnership

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DUBAI, UAE, May 16, 2024 /PRNewswire/ — During the days of Seamless 2024 exhibition in Dubai, the fintech application barq and TerraPay, a global money movement company signed a strategic partnership. This collaboration aims to provide fast and secure international money transfer services.

Mr. Ahmed Alenazi, CEO of barq, expressed his enthusiasm, stating, “We are delighted to collaborate with TerraPay to enhance our international money transfer services. This alliance reflects our commitment to innovation and customer satisfaction.”

Ani Sane, Co-founder & Chief Business Officer – TerraPay, commented, “This partnership is not just another agreement; it is a testament to our commitment to supporting promising projects in Saudi Arabia like barq. Through this collaboration, we aim to deliver fast, efficient, and secure international money transfer services that adhere to global standards.”

Supported by TerraPay’s extensive global payments network, this agreement aligns with barq’s efforts to expand its service offerings, catering to customer needs and keeping pace with the growth of the fintech sector, both within and beyond the Kingdom.

barq received a license from the Saudi Central Bank (SAMA) in January of this year. Developed in Riyadh by Saudi talent, barq is expected to revolutionize the Kingdom’s fintech sector in the coming years. This is due to its unique services, secure payment methods, and the expertise of its team.

For media inquiries or further information, please contact: [email protected] 

Logo:  https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/barq-and-terrapay-forge-a-strategic-partnership-302147190.html

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Call for Projects: Over $3 Million Investment for International Audiovisual Contents at TCCF PITCHING 2024

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TAIPEI, May 16, 2024 /PRNewswire/ — Taiwan Creative Content Agency (TAICCA) is pleased to announce that the 5th Taiwan Creative Content Fest (TCCF) will take place from November 5th to 8th at the Taipei Nangang Exhibition Center. The “Project to Screen” section continues to invite international submissions, with expected total investment resources of over USD 3 million provided.

“Project to Screen”:  Facilitating Production and Market Access

The “Project to Screen” section includes four categories: feature films, series, animation, and documentaries. Submissions open on June 3rd and will undergo evaluation by a panel of international juries. Selected entries will receive training resources and present proposals during TCCF, with accommodation subsidies offered. One outstanding project will be awarded the “Project to Screen: Best Project” award and a prize of USD 30,000.

All selected projects can apply for TAICCA’s “Creative Content Development Program (CCDP) – Development Fund” and “Taiwan’s International Co-funding Program 2.0 (TICP 2.0) Option 2″ within two years. The total funding surpasses USD 3 million, providing resources to advance project development and establish connections within the market. Both initiatives have helped build on success at the Berlinale and Cannes Film Festival in 2024, paving the way for high-quality works with international marketability.

TCCF 2024 continues to collaborate with international festivals, markets, and organizations to promote audiovisual works and talents to the European and global markets. One project selected by Series Mania is invited to participate in the 2025 event. The BIFAN NAFF Project Market, Focus Asia-All Genres Market, and the MIFFest Project Market will also select project proposals from TCCF to participate in upcoming events.

TCCF award winners are making significant impacts and gaining recognition at prestigious film festivals and markets. The documentary “After the Snowmelt,” winner of the “TAICCA X CNC AWARD” in TCCF 2023, has since been selected to multiple international film festivals, including Visions du Réel in Switzerland, Jeonju International Film Festival in South Korea, Trento Film Festival in Italy, and Millennium Docs Against Gravity in Poland, showcasing Taiwan’s cultural and content strengths on the global stage.

Aside from projects selected from the TCCF Project to Screen open call, ones from TAICCA’s workshop in collaboration with “Festival des 3 Continents / Produire au Sud,” “Series Mania Institute,” and audiovisual professionals from South Korea, will also be presented in respected pitching sessions.

“Story to Screen” Sessions: Showcase of Adaptation Potential for Industry Buyers

Another section of TCCF PITCHING “Story to Screen” recommends story IPs with adaptation potential, including fiction and non-fiction, comics, and original story concepts. Along with “Shoot the Book! TCCF” session – a collaboration with SCELF, “Story to Screen” will present Taiwanese and French stories with marketability to domestic and international buyers and professionals, aiming to facilitate adaptations, foster collaborations, and expand the reach of compelling narratives.‍

Elevating Taiwan’s Creative Industry: TAICCA Pioneers Collaboration and Funding

Homme TSAI, TAICCA’s chairman, emphasized the agency’s commitment to enhancing Taiwan’s creative industry. To further support the cultural investment environment, that was made favorable following the amendment regarding the Development of the Cultural and Creative Industries Act, TAICCA has collaborated with leading domestic telecommunication and technology companies, including ASUS and ADATA, as well as international creative content companies such as CJ ENM Hong Kong and Warner Bros. Discovery Group, to establish funds, laying the groundwork for producing high-quality works with global appeal.

TCCF is a major annual event in the Asian creative content industry, attracting buyers and sellers internationally to converge and engage in networking and commercial negotiations. Divided into three main sections — PITCHING, MARKET, and FORUM — TCCF aims to promote exceptional works with marketability and international influence, while actively fostering opportunities for transmedia content development, investment, sales, and distribution.

TCCF PITCHING “Project to Screen” 2024 Important Dates

June 03 – July 31: Open call and submission.

Early September: Announcement for selected projects/stories.

Please refer to the official website (https://www.tccf.tw/en/home) for the announcement of the call for projects.

About TAICCA (https://en.taicca.tw/)

The Taiwan Creative Content Agency (TAICCA), established in June 2019 and supported by the Ministry of Culture, is a professional intermediary organization working to promote the development of Taiwan’s content industries including film and TV, publishing, pop music, ACG, and more.

Media Contact

TAICCA PR | Wengin Hsu | [email protected]
TAICCA PR | Alice Chang | [email protected]   

Photo – https://mma.prnewswire.com/media/2414506/Taiwan_Creative_Content_Agency.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/call-for-projects-over-3-million-investment-for-international-audiovisual-contents-at-tccf-pitching-2024-302147226.html

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