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Stanbic Bank Kenya Partners with Orion Innovation for Strategic Modernization

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Latest agreement highlights Orion’s leadership role in transforming the Financial Services industry across the MEA Region

EDISON, N.J., May 23, 2024 /PRNewswire/ — Orion Innovation (“Orion”), a leading digital transformation and product development services firm, today announced it has signed a deal with Stanbic Bank Kenya to facilitate a core banking upgrade and modernization effort. As part of the agreement, Orion will implement Temenos’ cloud-based digital banking platform within Stanbic Bank Kenya’s operations, enabling enhanced customer experiences and delivering innovative digital solutions.

Orion, a globally certified & trusted Temenos partner, was selected as Stanbic Bank Kenya’s partner to upgrade its Transact application from R17 to R23 and migrate from TAFC to the new TAFJ standard. The ambitious project involves 90+ integrations and 6000+ local code conversions. To accelerate the project timeline, Stanbic Bank Kenya will use Orion’s industry-leading Test Automation tools and services.

“We are excited to partner with Stanbic Bank Kenya on the bank modernization initiative,” said Anoop Gala, Orion’s Global Head of Financial Services. “Our team is committed to fueling digital innovation in the African Financial Services market by securing our banking partners in deploying advanced implementation tools which ensure compliance and advance their project timelines.”    

Suchen Janjale, Orion’s Head of Financial Services in Europe, said, “Our comprehensive offerings around Temenos, coupled with our proven track record in efficient and successful upgrades and integrations, were instrumental in Stanbic Bank Kenya’s decision to choose Orion as its trusted partner.”

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Dr. Joshua Oigara, Stanbic Bank Kenya and South Sudan Chief Executive said, “Technology and innovation are central to our continued growth in a highly digitized and complex banking environment. This upgrade adds to our technological capabilities and enables us to better serve our clients both on a local and global scale. We are proud to partner with Orion and to leverage its strong background and expertise in driving system modernization.”

Alex Siboe, Stanbic Bank Kenya Head of Technology, said, “Transforming customer experience through technology is at the cornerstone of the bank’s strategy. Aligned with our objective of delivering exceptional client experiences and superior value, we consistently work towards adopting the right technologies to drive efficiency and satisfaction for our clients. This upgrade fits into our digital transformation journey and will help us provide a seamless and superior banking experience to our customers. Furthermore, through this upgrade, we will not only enhance our operational efficiency but also offer innovative services to our customers, meeting their evolving needs in today’s digital era.”

About Stanbic Holdings Plc

Stanbic Bank Kenya is a member of the Standard Bank Group, Kenya’s seventh-largest commercial bank by assets. Founded on a solid legacy that spans over 100 years, Stanbic Bank Kenya continues to move forward with its purposeful strategy to drive Kenya’s growth and to be the leading financial services organization in Kenya, delivering exceptional client experiences and superior value. Stanbic Bank is licensed and regulated by Central Bank of Kenya and provides the full spectrum of financial and banking services for Corporates, SMEs and Individuals. For more information, visit www.stanbicbank.co.ke.

About Orion Innovation

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Orion Innovation (“Orion”) is a leading digital transformation and product development services firm. Rooted in engineering and design thinking, along with a unique combination of agility, scale and maturity, its team of approximately 6,400 associates helps Fortune 1,000 companies improve efficiencies, enhance customer experiences, and develop new digital offerings. Through its delivery centers in North America, EMEA, India and Latin America, Orion serves clients across Financial Services, Hi-Tech, Telecom & Media, Sports & Entertainment, Professional Services, and Healthcare industries. For more information, visit www.orioninc.com

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SANY’s Electric Excavator SY215E Makes European Debut

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SHANGHAI, June 25, 2024 /PRNewswire/ — SANY Group (“SANY”), in collaboration with local partner DNL Machine & Equipment, launched the SY215E medium-sized electric excavator in the Netherlands. The event drew over ten component suppliers, including Leica Germany, and approximately 250 customers, alongside journalists from industry associations such as POUW.

The SY215E is SANY’s first medium-sized electric excavator marketed outside China, with the Netherlands chosen for its pioneering electric market. The prototype, which arrived in May, generated substantial interest and resulted in numerous pre-sale orders.

With a gross vehicle weight of 232,000 kg, the SY215E features a maximum digging height of 9,600 mm and a maximum digging depth of 6,255 mm, and is available with 600 mm, 700 mm, 800 mm, and 900 mm tracks. Designed for the European market, this pure electric machine offers cost-saving, convenient operation, excellent performance, and high safety.

  • Cost-saving: With a rated battery capacity of 422 kWh, the SY215E has a battery life of 5 to 7 hours, saving approximately €21,560 annually compared to traditional excavators.
  • Excellent performance: The new C12 cab provides a low-noise working environment, and the high-power dual gun fast charge achieves a full charge in 70 minutes. The machine remains stable even at altitudes above 4,000 meters, including in tunnels and small mines.
  • Convenient operation: The large HD touchscreen, intelligent fault self-diagnosis, and online operating system upgrades enhance ease of use.
  • High safety: A multi-level high-voltage safety design ensures secure operation.

As a global leader in construction engineering, SANY is dedicated to delivering high-quality products and services. In response to the global energy shortage, SANY has long embraced energy-saving and emission reduction initiatives, focusing on electrification. In 2023, SANY introduced over 40 new electric products, achieving sales revenue of $449.4 million USD. SANY remains committed to innovation and supporting the energy transition in Europe with the best products, services, and support.

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CellPoint Digital Partners with Nexus Tours, Leader in Destination Management, To Enhance Its Payment Infrastructure

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Nexus Tours will gain a competitive advantage to stand out in a crowded DMC marketplace amidst groups and wedding division growth.

LONDON, June 25, 2024 /PRNewswire/ — CellPoint Digital, the leading provider of payment solutions to the airline industry and a global pioneer of Payment Orchestration, has announced a new partnership with Nexus Tours, one of the world’s leading destination management companies (DMC) in the Caribbean, Central America, and North America, and part of GoNexus Group. CellPoint Digital will provide Nexus Tours with advanced payment solutions, operational simplification, and enhanced cash management strategies, elevating the customer experience.

The partnership comes as GoNexus Group significantly expands its operations within new markets. GoNexus Group, which closed out in 2023 with impressive performance, handled over 3.5 million guests and introduced several innovations to support this rapid growth, including the NexusTours App. This app, available in English and Spanish, provides comprehensive trip-planning support, online check-ins, and E-Wallet vouchers. The company also focuses on enhancing its payment infrastructure to ensure faster and more efficient transactions, which will be crucial for sustaining its growth strategy.

Through the partnership and the deployment of CellPoint Digital’s payment solutions, NexusTours, the group’s leading DMC and NexusCube, their experiences and mobility marketplace, will gain improved reach with local acquirers, easier and faster deployment of alternative payment methods (APMs), and centralised control over its payment processes, impacting its profitability and boosting customer retention.

Partners in Travel Payment Excellence 

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For CellPoint Digital, the partnership reinforces its position as the premier payment solutions provider developed for the airline and travel industries. It expands its rapidly growing portfolio of global airline, travel, and hospitality brands. 

“Both GoNexus Group and CellPoint Digital share a commitment to innovation and excellence in serving the travel sector,” says Kristian Gjerding, CEO of CellPoint Digital. “This alignment of values and industry focus made this partnership a natural fit, and we expect nothing but positive outcomes as GoNexus Group continues to grow and evolve.” 

A Renowned Travel Brand with a Vision 

Nexus Tours, NexusCube, and Nexuslab became part of the GoNexus Group when the parent brand architecture was created in February 2024. Since then, GoNexus Group have embarked on a transformative journey to create extraordinary travel experiences. Among the milestones on that journey are the partnership with CellPoint Digital and the launch of the enhanced Nexus Tours Travel Partner Portal for travel agents, both announced this month and the roll-out of the Nexus Tours App in March 2024.

“As we continue to focus on improving the customer experience, we knew we needed to commit to enhancing our payment infrastructure toward our dynamic future; CellPoint Digital had a comprehensive approach and sophisticated understanding of the travel marketplace,” says Gerard Planet, NexusTours’ Finance Corporate Senior Director. 

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For more information about CellPoint Digital and its partnership with NexusTours or to schedule an interview with Kristian Gjerding please contact Steven Osei at [email protected].

About CellPoint Digital
CellPoint Digital is a fintech leader in payment orchestration. CellPoint Digital’s main solution is a powerful Payment Orchestration Platform that optimizes digital payment transactions from cards or alternative payment methods and accelerates the deployment of new payment options. Merchants can quickly scale their payment ecosystem worldwide, unify the customer payment experience across their website, mobile apps, and other channels, optimize the routing of each transaction, increase conversion rates, and minimize payment costs. CellPoint Digital has offices in Copenhagen, Dallas, Dubai, London, Miami, Pune, and Singapore. Visit www.cellpointdigital.com to learn more. 

About GoNexus Group
GoNexus Group is a leading conglomerate in experiences and mobility travel with over 25 years of experience. GoNexus Group includes three leading brands: 

  • Nexus Tours, a leading Destination Management Company (DMC);
  • Nexus Cube, an innovative experiences and mobility marketplace;
  • Nexus Lab is a dedicated hub for innovation, driving cutting-edge advancements in travel experiences through product development, consultancy services, and technological solutions.

Operating in 140 countries and spanning 6,600 destinations, the company offers an extensive array of services, including 30,000 mobility options, 92,000 diverse experiences, and 100,000 car rental services. Managing the travel needs of over 3 million travellers annually, GoNexus Group collaborates with more than 1,000 B2B travel partners worldwide, reinforcing its status as a global leader in the travel and tourism sector. GoNexus Group is prepared to lead in redefining the future of travel through innovation and service excellence, guided by a commitment to creating extraordinary travel experiences on a global scale.

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MS TIN PEI LING JOINS METACOMP AS ITS CO-PRESIDENT TO GROW ITS PARTNERSHIPS ACROSS ASIA PACIFIC

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The Appointment underscores the company’s continued commitment to pioneering future-ready financial management that bridges traditional and crypto finance globally.

SINGAPORE, June 25, 2024 /PRNewswire/ — MetaComp Pte Ltd, Singapore’s leading Digital Payment Token Service Provider, licensed by the Monetary Authority of Singapore (MAS) under the MVGX Holdings (MVGXH), welcomes Ms Tin Pei Ling on board as its Co-President.

MVGXH is a licensed Singaporean fintech group with four subsidiaries focusing on digital and green sectors: MetaComp, a Major Payment Institution offering Digital Payment Token Service and Cross-border Money Transfer Service; MVGX Tech, providing end-to-end Carbon SaaS with a unique Scope 3 and advanced carbon emission factor database; Metaverse Green Exchange (MVGX), licensed by MAS with Recognised Market Operator (RMO) and Capital Market (CMS) License, focusing on Securities/Tokens backed by increasingly digital and green asset classes such as voluntary carbon credits or hash rate, as well as providing other CMS financial services such as custodian; and the Asia Green Fund (AGF), a venture capital fund managing over USD 2.8 billion in assets, investing in green impact and sustainability industries driven by green and digital technology.

Commencing on 24th June 2024, Ms Tin’s portfolio will focus on strategic partnerships and corporate development. Her appointment is expected to significantly strengthen MetaComp’s strategic partnerships, driving momentum and advancing MetaComp’s position as a leader in bridging traditional and crypto finance, paving the way for new partnerships and the growth of our client offerings.

Ms Tin brings a distinguished blend of digital and financial acumen plus industry experience in payment platforms and the financial technology space. With a MBA from Chicago Booth School, she brings both practical and theoretical understanding.

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Dr Bo Bai, Chairman and Co-Founder of MetaComp, says, “In today’s bustling fintech space, MetaComp is at the forefront of driving financial solutions that help our customers navigate money management between traditional finance and crypto finance. Technology and innovation are only part of the equation, and at MetaComp, we emphasise that our people are our DNA, serving as the compass for our clients.” 

Dr Bai adds, “We are delighted to welcome Pei Ling to the MetaComp family. Her extensive experience, coupled with her expertise in strategic development, makes her an invaluable asset to our leadership team. Her vision and drive perfectly align with our aspirations at MetaComp, and I am confident she will significantly contribute to our continued success.”

Before her tenure with MetaComp, Ms Tin held several key corporate positions, including Managing Director for Strategic Partnership & Business Development at DCS Card Centre and Chief Executive Officer of Business China, an organisation that harnesses the support of public sector and private enterprises to strengthen the ties between Singapore and China, so as to sustain and grow the global connectivity of Singapore. 

Ms Tin affirmed, “Sustainability is a global imperative and there is still much that can be done in the fintech sector to enable this. Hence, I am delighted to accept the opportunity to join MetaComp, given it being a part of the MVGXH conglomerate, a licensed fintech group specialising in green and digital assets. I look forward to doing my part in supporting sustainable finance by driving growth through partnerships and bridging traditional finance with digital assets alongside my fellow Co-President, Mr Eddie Hui.”

Eddie Hui, Co-President, and Chief Operating Officer of MetaComp, brings over twenty years of experience in the financial services sector. Formerly the Chief Operating Officer of Société Générale for Proprietary Trading, Fixed Income, Credit and FX, Prime Services, and Equity Market Making desk in Asia, Eddie oversees the ideation and execution of MetaComp’s business strategy and drives service excellence. The two Co-President’s leadership and expertise will be instrumental in driving MetaComp’s success.

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With the addition of Ms Tin Pei Ling, MetaComp, together with its parent company MVGX, aim to secure and launch a wide range of initiatives bridging traditional finance with digital assets.

For more information, please visit www.mce.sg

About MetaComp Pte Ltd

MetaComp is a leading Singapore-based digital asset platform licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating under a P2B2C (platform-to-business, partners-to-clients) model, MetaComp provides its clients with an integrated end-to-end suite of services, empowering them to confidently enter the digital asset market with the much-needed safety, security, and compliance. Together with its parent company, Metaverse Green Exchange Pte. Ltd. (a MAS-licensed CMS holder permitted to carry out, inter alia, brokerage and custody services), MetaComp introduces its suite of services through CAMP by MetaComp, a regulated Client Assets Management Platform, allowing businesses to develop and scale their digital asset offerings through OTC and exchange trading services, fiat payment, digital asset custody and prime brokerage.

About MVGX Holdings

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Founded in 2018 and headquartered in Singapore, MVGX Holdings (MVGXH) is a leading digital green fintech group that provides regulated financial services and end-to-end Carbon SaaS (software as a service solution) for a more inclusive and sustainable future. Compliant by design, MVGXH’s subsidiaries hold licenses from the Monetary Authority of Singapore including the Recognised Market Operator License, Capital Market Services License and Major Payment Institution License. Enabled by its proprietary carbon SaaS software and products, its digital green exchange for voluntary carbon credits and asset-backed securities and tokens, and an impact investment arm for green technologies and infrastructure, MVGX Group strives to be a key partner for its client’s decarbonisation journeys through the stages of define, measure, mitigate, offset, certify, and finance.

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MVGX Holdings Pte. Ltd.

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