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Online Travel Leader, HappyEasyGo, Selects Nium for Virtual Card Payments

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SINGAPORE, May 26, 2024 /PRNewswire/ — Nium, the global leader in real-time cross-border payments, announced today that HappyEasyGo, a leading online travel agency, has selected it for virtual card payments. Launched in 2017, HappyEasyGo has emerged as one of the fastest-growing flight and hotel booking platforms in Asia, with thousands of leisure and business travellers planning journeys on the platform each day. Virtual cards, issued by Nium, will be the digital standard for payments to HappyEasyGo’s travel suppliers.

Boris Zha, CEO of HappyEasyGo, said, “Nium’s payment solutions have been transformative for our operations. Their ability to issue virtual cards quickly and in multiple currencies has streamlined our payment processes, reduced costs, and enabled us to offer better service to our customers. We look forward to continuing our work with Nium as we expand our business to more parts of the globe.”

Nium’s comprehensive suite of payment solutions is tailored to address the unique challenges faced by online travel agencies (OTAs) and travel intermediaries, ensuring faster, more secure transactions that enhance profitability and streamline operations. This year, Nium reported a 110% increase in revenue from its travel business in the APAC region, highlighting the growing demand for reliable and efficient payment solutions in the dynamic travel industry. In 2023, APAC had reached 65% of pre-pandemic travel levels, making it one of the world’s fastest-growing travel markets.

“Our growth in the APAC region is a testament to our commitment to providing innovative payment solutions that address the specific needs of the travel sector,” said Spencer Hanlon, Global Head of Travel Payments at Nium. “Our partnership with HappyEasyGo shows how our advanced payment solutions can drive success for online travel agencies by improving operational efficiency and profitability.”

One of Nium’s key offerings is the ability to fund and issue virtual cards in over 20 local currencies, significantly lowering foreign exchange conversion costs and improving acceptance worldwide. This capability provides a critical advantage for travel businesses operating in multiple markets, including HappyEasyGo.

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Nium’s travel payment solutions also include the ability to settle invoices within two days instead of the industry standard 30 days, and customize payment account parameters, giving businesses end-to-end control over cash flow and enhancing revenue generation while reducing margin erosion.

With a robust portfolio of Mastercard and Visa certified virtual cards, Nium’s OTA and travel intermediary customers can provide more flexibility and choice for their hotel and airline partners, strengthening supplier relationships and in turn driving better experiences for travellers around the world.

About HappyEasyGo
HappyEasyGo embarked on its journey in the Indian travel industry in 2017, bringing affordable flight booking solutions for Indian business and leisure travellers. After witnessing rapid growth in the flight booking space, the company forayed into the hotel booking genre to add to the convenience of its customers and help them save more while travelling. HappyEasyGo has become India’s leading online travel aggregator in an extremely short span. Through its various platforms, HappyEasyGo offers domestic and international flight tickets along with thousands of hotels across India. The strength of HappyEasyGo lies in providing the best flight and hotel booking deals along with a hassle-free experience to its customers. Surpassing all expectations, the company has built a vast customer base of business and leisure travellers who frequently avail its services. HEG’s seamless platforms help customers search, compare, choose and book from a wide range of flight ticket and accommodation solutions. The HappyEasyGo mobile applications for Android and iOS devices have been downloaded more than a million times and are highly rated on both Google Play and AppStore.

About Nium
Nium, the global leader in real-time, cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global on-demand economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 220+ markets, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 35 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licences and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore. 

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Experience Next-Level Connectivity with Tongyu Communication’s Unveiling at Shanghai MWC 2024

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ZHONGSHAN, China, June 26, 2024 /PRNewswire/ — In a bid to highlight innovative antenna solutions, Tongyu Communication Inc. (XSHE: 002792) has announced its presence at the 2024 Shanghai World Mobile Communications. This highly anticipated event, taking place from June 26th to 28th, will feature Tongyu’s latest solutions at booth N1-D110.

With a reputation for delivering cutting-edge communication solutions, Tongyu Communication remains at the forefront of technology with its newest Taurus platform. Among the highlights at the exhibition will be the 2L4H multi-frequency antenna and 2L2H+TDD beamforming antenna, both utilizing the Taurus platform. These antennas have been designed to enhance the energy efficiency and operational effectiveness of mobile networks, taking performance to new heights. Designed for 4G and 5G networks, the 2L4H multi-frequency antenna and 2L2H+TDD beamforming antenna offer a hybrid solution that integrates active and passive (A+P) elements, eliminating the need for additional tower space.

In addition to these advanced antenna solutions, Tongyu Communication is proud to showcase the AFU MIMO antenna. This groundbreaking solution delivers unparalleled performance and capacity for advanced wireless communication. The company will also present its green antenna at the exhibition, featuring eco-friendly materials in line with environmental requirements. Attendees can also expect to see the satellite antenna solutions. The ZL60P-E terminal satellite antenna stands out with its foldable design, compact size, and lightweight construction, addressing the portability limitations of traditional satellite antennas.

By showcasing its latest innovations at the Shanghai MWC 2024, Tongyu Communication is reinforcing its commitment to driving advancements in the mobile communications industry. The company is dedicated to developing next-generation, high-efficiency, and high-performance base station antenna products. Additionally, Tongyu Communication has strategically embarked on research and development in the millimeter-wave and 6G antenna fields. With a focus on expanding its presence in overseas markets, the company will continue to invest in global resources to enhance the competitiveness of its products.

About Tongyu Communication

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Tongyu Communication Inc. was founded in 1996, specializing in the research, development, manufacturing, sales, and service of mobile communication antennas, radio frequency devices, and optical modules. With production bases in China, subsidiaries and branches in Europe and several locations around the globe Tongyu Communication has established a robust global presence. The company is committed to providing advanced solutions and driving technological advancements in the mobile communication industry.

For more information, please visit https://www.tongyucom.com

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Jacobi releases Model Portfolio Tech to help investment firms capitalise on booming opportunity

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The search for technology to support model portfolio management and portfolio construction services is increasing as companies look to centralise and scale their model portfolio management and compete in a rapidly growing market.

LONDON, June 26, 2024 /PRNewswire/ — The utilisation of model portfolios among financial advisers has emerged as a transformative force, with staggering growth in model portfolios projected to continue over the next decade. And with good reason, they offer an efficient method for diversification, risk management, and portfolio construction, with personalisation features to match the unique financial goals and risk tolerances of clients.

Financial advisers are also increasingly turning to asset managers for assistance in managing the model portfolios they build and maintain for clients. Jacobi’s model management technology enables asset managers to scale the portfolio construction services they offer financial professionals. The technology enables a platform that can centralise performance and risk analytics, integrate investment workflows, and produce professional reports to share with clients.

An early adopter of Jacobi’s model technology, leading asset manager T. Rowe Price has seen improved process efficiencies and enhanced engagement with clients.

Chris Augelli, Head of Advisor Engagement & Portfolio Construction Solutions at T. Rowe Price, says:

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“Jacobi’s technology has enabled us to work faster and handle the increasing demand for our portfolio construction services. Having the team on one common platform through Jacobi has facilitated collaboration in real-time, which has supported our effectiveness in meeting clients’ needs.”

Tanya Bartolini, Chief Revenue Officer at Jacobi, says:

“Our technology helps us partner with asset managers such as T.Rowe Price to scale and connect workflows, driving enormous efficiencies – and ultimately increasing their market distribution.”

About Jacobi

Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis, and client engagement. Its unique “open architecture” platform allows users to tailor the platform by integrating their own code, models, data, analytics, and applications.

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Founded in 2014, Jacobi provides its technology to top-tier investors across the globe, including some of the world’s leading asset and wealth managers, pension funds, asset owners, and investment consultants. 

About T.Rowe Price 

Founded in 1937, T. Rowe Price helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investments. T. Rowe Price manages $1.54 trillion in client assets as of May 31, 2024, and it serves millions of clients globally.

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Synechron to acquire Adelaide-headquartered companies Chamonix IT and Exposé to grow its digital transformation, engineering, AI, and data and analytics capabilities in Australia

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This acquisition extends Synechron’s reach across the country, establishing a presence in key hubs and unlocking new industries and clients.

SYDNEY and NEW YORK and LONDON and PUNE, India, June 26, 2024 /PRNewswire/ — Synechron, a global leader in digital transformation consulting for the financial and technology sectors, is proud to announce that it has executed a definitive agreement for the acquisition of Chamonix IT Management Consulting Pty Ltd and Exposé Data Pty Ltd. Both companies are headquartered in Adelaide, Australia, with additional operations in Melbourne and Brisbane and share a common goal of delivering digital transformation, artificial intelligence, and analytics expertise to clients across several key industries including government, healthcare, utilities, energy, and education. The definitive agreement with respect to the acquisition was signed on Tuesday, 25 June, 2024, and is subject to customary closing conditions, including approval by the Australian Foreign Investment Review Board (FIRB).

Chamonix IT, established in 2010, is the leading provider of digital transformation services to organizations in South Australia. With a skilled team of approximately 150 professionals, Chamonix IT has been pivotal in delivering cutting-edge solutions that address complex challenges and drive significant outcomes for enterprise-level and public sector clients. Chamonix IT’s founders established Exposé as a new company in 2016 to bring the same level of expertise, this time focused specifically on data science and engineering, data modelling and visualization, and artificial intelligence. Among the fastest-growing IT organizations in Australia, Exposé currently has a team of approximately 50 people across the country.

The two organizations will join Synechron’s core digital transformation consulting business alongside recently acquired iGreenData, which expanded Synechron’s data and blockchain expertise in the financial services sector. With these additions, Synechron has effectively doubled its presence in the country, achieving coverage across major sectors. This strategic positioning allows the company to capitalize on the growing information technology (IT) investment in Australia encompassing SaaS, IT services, and analytics, while simultaneously enhancing its ability to offer support and solutions across Asia, the Americas, and Europe.

Faisal Husain, Synechron Co-founder and CEO, commented, “We look forward to welcoming Chamonix IT and Exposé into the Synechron family when the acquisition is completed. They will enrich our presence in Australia, bringing fresh expertise and capabilities that complement our ongoing commitment in the region. This move will enhance our service offerings and drive significant value, strengthening our strategy of continuous innovation and client-focused solutions.”

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Scott Grigg, CEO of Chamonix IT, said, “Joining forces with Synechron is a significant milestone for us. Our shared dedication to excellence and innovation means we’re exceptionally positioned to offer transformative digital solutions that are second to none.”

Kelly Drewett, CEO of Exposé, added, “Becoming part of the Synechron family represents a massive opportunity. It accelerates our ability to innovate and empowers our employees to take on even more complex challenges on behalf of our clients.”

Technology Holdings acted as the financial advisor to Chamonix IT and Exposé on the transaction.

About Synechron:

At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron’s progressive technologies and optimization strategies span end-to-end Artificial Intelligence, Consulting, Digital, Cloud & DevOps, Data, and Software Engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing our commitment to our talented teams. With top clients to boast about, Synechron has a global workforce of 14,000+, and has 55 offices in 20 countries within key global markets. For more information on the company, please visit our website or LinkedIn community.

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About Chamonix IT:

Chamonix IT empowers businesses to excel through transformative IT services. Serving both enterprise and government organizations, Chamonix IT delivers tailored solutions that ensure long-term success. Chamonix IT’s expertise spans Advisory, Cloud & Infrastructure, Application Innovation, Security, and Managed Services, enabling businesses to remain competitive and innovative in an ever-evolving landscape. By embracing an adaptable and flexible approach, Chamonix IT helps organizations navigate the complexities of digital transformation to propel their business forward.

About Exposé:

Exposé is a leading data analytics and AI consulting firm delivering data-driven insights and business-focused outcomes to private and public sector clients across Australia. Exposé’s approach is designed to give its clients the quickest and most cost-effective path to tackle data and AI opportunities through best practice. Clients benefit from Exposé’s significant experience, research and development, and innovation, which is at the core of what we do and the values we uphold. Founded in 2016, Exposé is now the largest data analytics and AI business in South Australia and one of only a few female-led technology businesses in the region.

For more information please contact:

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Rashmi Joshi,
Synechron
+91-9560694654
[email protected] 
[email protected]

OR

 Zoe Forbes-Pyfrom
(+44) 7718 599666
[email protected]

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