Latest News
SUNRATE partners with YeePay to empower Chinese companies to navigate global expansion
SINGAPORE, April 30, 2024 /PRNewswire/ — SUNRATE, an intelligent global payment and treasury management platform announced its partnership with YeePay, a leading enterprise payment solutions provider, to empower Chinese companies to expand into global markets.
With the ongoing trend of increased interconnectivity across the globe, China will continue to be an important player in global development, and Chinese enterprises are more than ever, playing crucial roles on the international stage. However, in order to better adapt to international competition and respond to global challenges, setting up and adherence to robust compliance frameworks have become the core competitiveness and inevitable requirement of international enterprises. Among the challenges, the compliance and security of cross-border B2B payments are major challenges that enterprises face in the process of internationalisation.
As the State Council unveiled the Regulations on the Supervision and Administration of Non-bank Payment Institutions (hereinafter referred to as the Regulations), which will take effect on May 1, 2024, YeePay and SUNRATE will actively embrace all regulatory requirements and help small and medium-sized enterprises (SMEs) to go global seamlessly – by building a compliant and secure one-stop global business payment solution, and assessing global growth opportunities.
Bin Tang, Founder and CEO at YeePay said, “The strategic cooperation between YeePay and SUNRATE will further enhance the compliance and security of cross-border payments. Both SUNRATE and YeePay will continuously strengthen risk management, protect user rights, and actively explore new cooperation models and services to provide Chinese enterprises expanding globally with secure, convenient, and cost-effective payment and transaction services. In addition, we hope to see more partners joining us, providing better transaction services for Chinese enterprises to expand globally.”
Paul Meng, Co-Founder at SUNRATE said, “For SUNRATE, security and compliance are the bedrock of our business operations. As we expand into different markets, SUNRATE maintains compliant operations locally, including in-depth collaboration with well-known local financial institutions. We are pleased to have forged a strategic partnership with YeePay, which will allow both companies to work together, to create safer and more efficient global business payment and collection services for Chinese enterprises.”
About SUNRATE
SUNRATE is an intelligent global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE is recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.
With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays and J.P. Morgan. To learn more about SUNRATE, visit https://www.sunrate.com/
About YeePay
Established in 2003, YeePay is one of the leading enterprise payment service providers in China. The company provides total payment solutions for the enterprise, integrating multiple payment channels including online, mobile and offline in the frontend, and streamlining settlement processes in the backend. YeePay’s key advantage is customized solutions and value-added services for industry verticals including airline and travel, new retail, Internet finance, administration and education, cross-border etc. YeePay holds the payment license from People’s Bank of China and the cross-border license from State Administration of Foreign Exchange.
Photo – https://mma.prnewswire.com/media/2399959/0429.jpg
View original content:https://www.prnewswire.co.uk/news-releases/sunrate-partners-with-yeepay-to-empower-chinese-companies-to-navigate-global-expansion-302129954.html
LONDON, May 21, 2024 /PRNewswire/ — Day 1 of the London Blockchain Conference kicks off today with world-renowned marketing and business entrepreneur and professor Scott Galloway taking the stage.
Tech influencer Lilly Douse will also host this year’s conference. She will bring her top hosting skills and unique perspective on blockchain and AI technology to the event.
But that’s not all; attendees can also check out Scott Zoldi, Chief Analyst Officer, Fico, who spoke about establishing trust in AL and Blockchain.
This is an opportunity to gain exclusive insights from influential voices in business, technology and blockchain. One can take advantage of these sessions to explore blockchain’s potential to drive business success.
Please register here to attend or listen to any of the sessions today.
About the London Blockchain Conference
NETWORK. LEARN. ENGAGE.
At the London Blockchain Conference, we show how Blockchain will change the world and help people see another way to manage data, build scalable on-chain solutions and achieve great things. We do this by creating valuable, insightful, and engaging events that educate and inform, allowing you to connect and network to build strong business relationships. Our conference is the best avenue to see blockchain innovations, ecosystem announcements, product launches, technology updates, keynote speeches, panels, and fireside chats from blockchain leaders. Join us and experience it for yourself.
View original content:https://www.prnewswire.co.uk/news-releases/day-1-news-alert-london-blockchain-conference-2024-302151055.html
Spanish banking giant Santander and payment services firm Iberpay have been selected as the inaugural participants in the One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme, led by the European Payments Council (EPC).
The OCT Inst scheme aims to establish the necessary frameworks and processes to facilitate international account-to-account (A2A) payments across various currencies. It marks the first initiative by the EPC to support transactions where only one payment service provider operates within the geographical scope of the Single Euro Payments Area (SEPA), and it commenced operations last November.
As the first participants, Iberpay will function as the clearing and settlement mechanism (CSM), facilitated through Santander, for OCT Inst transactions. Iberpay has been entrusted with the role of OCT Inst Processor, responsible for providing the infrastructure and services essential for processing international cross-currency instant transfers under the scheme.
The pair have successfully conducted the first international instant transfers through OCT Inst this month. Full service adoption among banks in Spain is scheduled for October, with additional banks expected to connect to Iberpay’s service in the coming months.
Juan Luis Encinas, CEO at Iberpay, expressed that the firm’s involvement in the scheme will empower its banking partners to introduce “new innovative services, enhance the customer experience, and maintain a high level of competitiveness.” The company aims to improve international cross-currency payments in terms of processing speed, 24×7 operation, information transparency, accessibility, and cost reduction.
Giorgio Andreoli, Director General of the EPC, emphasized that OCT Inst will provide “a multilateral scheme-based approach in a multilateral world.”
In the meantime, the EPC is inviting stakeholders interested in the evolution of the OCT Inst scheme to participate in its public consultation, which concludes on 9 June.
Source: fintechfutures.com
The post Santander and Iberpay in Spain join EPC’s OCT Inst scheme as inaugural participants appeared first on HIPTHER Alerts.
Latest News
Cyber insurtech BOXX partners with Zurich Insurance Group in Switzerland to introduce breakthrough personal cyber product
TORONTO, May 21, 2024 /PRNewswire/ — Award-winning global Insurtech BOXX Insurance Inc. that combines cyber insurance and security has announced the launch of a cutting-edge cyber risk solution in collaboration with Zurich Insurance Group in Switzerland, providing digital protection for individuals and families.
Recognizing the critical need for comprehensive protection against digital threats Zurich Insurance in Switzerland has partnered with technology partner BOXX Insurance to develop a user-friendly solution designed to help individuals and families better predict and prevent potential scams and digital threats.
Designed for simplicity, the app’s personalized experience puts users’ digital safety front and centre, featuring an easy-to-use interface designed by Zurich Insurance in Switzerland and developed by BOXX in close collaboration with Zurich. The App is now available in Switzerland offering support in English, German, French and Italian.
“We created this to give individuals and families what they want – an app that delivers an essential bundle of tools at users fingertips including access to experts in the event of a cyber emergency,” explained Vishal Kundi, CEO and Founder, BOXX Insurance. “Smartphones have become the fastest-selling gadgets in history. They have penetrated every aspect of daily life. The average person picks their phone up to 100 times a day so if we want to make their world a digitally safer place, we have to ensure their phone and their usage is better secured,” Kundi added.
“An extensive research conducted by Zurich Insurance in Switzerland showed that many are not aware of online dangers and that around a quarter have already been victims of a cyber-attack. In addition, customers are simply overwhelmed with the range of cyber products,” says René Harlacher, Chief Underwriting Officer of Zurich Insurance in Switzerland. “At Zurich, it’s our mission to go beyond mere protection, and also offer our customers tools to help them build resilience and implement preventative measures against cyber risks. Based on these facts, we are expanding our cyber offering for private individuals so that we can provide them with support before, during and after a possible cyber-attack. This is exactly where our joint offering with BOXX Insurance comes in, as a way to lend additional support to our customers,” he adds.
The newly launched solution by Zurich Insurance in Switzerland focuses on providing essential services to help prevent digital threats combined with emergency assistance and support in case of an emergency. Delivered to end customers by Zurich, key features include:
- Identity Protection: Identifies if personal data captured in the app shows up on the dark web and notifies users, providing help and advice to reduce threats of identity theft.
- Secure VPN: By creating a secure and encrypted internet connection the VPN protects data from potential threats such as hacking, identity theft, and phishing attacks.
- Secure WiFi: Scans WiFi networks for threats and helps proactively detect security issues.
- Safe Browsing: Warns against harmful websites and links to protect privacy and personal data.
- Device Protection: Checks and improves the security settings of devices. Devices with the Android operating system are additionally protected against viruses and malware.
- Password Manager: Creates and manages strong passwords and assists with their use.
- Edutainment: Educational content in an entertaining way to raise awareness of personal cyber security.
- Emergency Support and Assistance: Help and assistance from cyber security experts to provide support in cyber emergencies and for many other IT-related problems.
The new offering is available here: https://www.zurich.ch/en/private-customers/living-events/cyberprotection/insurance-prevention
“From providing protection from the dangers of being connected at home and on the go, customers now have the means to keep their devices and data secure and have access to indispensable help in an emergency, all in one easy-to-use app,” Kundi added.
Zurich has been working with BOXX since 2021 and participated in BOXX’s Series A and Series B funding rounds. As a Zurich Global Ventures portfolio company, BOXX is proud to now extend the ongoing collaboration with Zurich to enable Swiss customers to be digitally safer.
About BOXX Insurance
BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. Privately-held with headquarters in Canada, BOXX has global offices in Toronto, Miami, Zurich, Dubai and Mumbai.
BOXX Insurance is an award-winning global cyber protection and insurance provider. We’re not a typical company. That’s by design. We’re serious about making the world a digitally safer place; creating real, positive changes for our clients and partners, and building a lasting legacy, from what we create, inside the BOXX.
Every day we’re improving the digital health of businesses, families and individuals around the world who rely on BOXX’s solutions and services to predict, prevent and insure them against cyber threats.
Media Contact: Sarah Madden, [email protected]
Photo – https://mma.prnewswire.com/media/2416572/BOXX_Insurance_Cyber_insurtech_BOXX_partners_with_Zurich_Insuran.jpg
Logo – https://mma.prnewswire.com/media/2416573/BOXX_Insurance_Cyber_insurtech_BOXX_partners_with_Zurich_Insuran.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/cyber-insurtech-boxx-partners-with-zurich-insurance-group-in-switzerland-to-introduce-breakthrough-personal-cyber-product-302150416.html
-
Latest News5 days ago
B Lab UK research reveals UK public back change to company law to put people, the planet and profit on more equal footing
-
Latest News5 days ago
Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan
-
Latest News5 days ago
Unleash a Wave of Opportunities this May with Bybit
-
Latest News5 days ago
What Does Nuvei’s Go-Private Deal Portend for FinTechs?
-
Latest News5 days ago
Bankart migrates payment processing to Diebold Nixdorf’s Vynamic Transaction Middleware
-
Latest News4 days ago
Early Detection Breakthrough: Biotech Companies Lead the Way in Pancreatic Cancer Treatment
-
Latest News5 days ago
SANY Heavy Industry Reports 2023 Earnings: Overseas Revenue Soars to 60% of Core Business Amid Market Pressures, Signaling Strong Global Expansion
-
Latest News5 days ago
barq and TerraPay Forge a Strategic Partnership