#fintech asia

[memenewsdotcom]

Jack Ma ends Ant Group control

Jack Ma ends Ant Group control

[jcmarchi]

Project Management in the Age of AI: Details About the Upcoming Conference in Maryland - Technology Org

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Project Management in the Age of AI: Details About the Upcoming Conference in Maryland - Technology Org

In the ever-changing landscape of project management, professionals are constantly seeking ways to stay ahead of the curve. The upcoming conference in College Park, Maryland, titled “Project Management in the Age of AI,” set to take place from April 19 to April 21, emerges as a beacon for those navigating the confluence of technology and project management.

This article delves into the essence of this pivotal event, highlighting the significance of AI in transforming project delivery, efficiency, and innovation across various industries.

Artificial intelligence (AI) – abstract artistic interpretation. Image credit: geralt via Pixabay, free license

The Importance of Continuous Learning in Project Management: Evolution and Adaptation

The realm of project management is dynamic, with new methodologies, tools, and technologies continuously reshaping the field. To remain relevant and effective, professionals must embrace lifelong learning, constantly updating their knowledge and skill sets. This necessity underscores the value of attending conferences, where the latest trends and innovations are showcased.

The “Project Management in the Age of AI” conference represents an ideal opportunity for such learning, offering insights into how artificial intelligence is revolutionizing the way projects are managed.

A Global Perspective on Project Management Conferences: Networking and Knowledge Exchange

Conferences serve as global platforms for professionals to exchange ideas, learn from experts, and network with peers. Events held in the USA, Asia, and the UK provide diverse perspectives on project management, reflecting regional challenges and solutions.

By participating in these gatherings, attendees can enrich their understanding and apply international best practices to their work. The College Park conference is particularly noteworthy for its focus on AI, highlighting its global relevance.

The College Park Conference: A Convergence of Experts and Innovations – Harnessing AI in Project Management

Set against the backdrop of College Park, Maryland, this conference promises to be a landmark event for project management professionals. It focuses on the transformative impact of AI on project methodologies, efficiency, and innovation.

By bringing together experts in the field, the event facilitates a robust exchange of knowledge and experiences. Attendees will have the rare chance to see theory and practice converge through real-life scenarios, understanding how AI can be leveraged to enhance project outcomes.

The Role of AI in Project Management: Transformation and Efficiency

Project management – illustrative photo. Image credit: Daria Nepriakhina via Unsplash, free license

Artificial intelligence is no longer just a futuristic concept but a practical tool reshaping various sectors, including project management. AI technologies offer the potential to automate routine tasks, optimize resource allocation, and predict project risks with greater accuracy. The conference will explore these themes, demonstrating how project managers can integrate AI into their practices to achieve superior results.

Networking Opportunities at the Conference: Building Professional Connections

One of the primary benefits of attending the “Project Management in the Age of AI” conference is the opportunity to connect with like-minded professionals and industry leaders. Networking sessions are designed to foster relationships, share challenges and solutions, and discuss emerging trends. These interactions can lead to collaborations, job opportunities, and the exchange of valuable insights.

Real-Life Scenarios and Case Studies: Learning From Practical Experiences

A key feature of the conference will be its focus on real-life scenarios and case studies. These sessions will provide attendees with a practical understanding of how AI can be applied in various project settings, highlighting successes and learning opportunities. By examining concrete examples, participants can gain insights into effective strategies and common pitfalls in implementing AI solutions.

The Significance of In-Person Attendance: An Immersive Learning Experience

In an era where digital communication is prevalent, the value of in-person interactions cannot be overstated. Attending the conference in College Park offers an immersive experience, allowing for direct engagement with speakers, hands-on demonstrations, and participatory workshops. This environment fosters a deeper understanding and retention of knowledge, enhancing the overall learning experience.

Enhancing Conference Experience With Regional Offerings: A Blend of Tech Insight and Entertainment

For attendees seeking to enhance their experience with a blend of tech insight and entertainment, exploring offerings from a leading platform in the region can provide an engaging diversion. This aspect of the conference experience underscores the importance of balancing professional development with moments of relaxation and enjoyment, enriching the overall event.

The Future of Project Management With AI: Looking Ahead

The integration of AI into project management heralds a new era of efficiency, innovation, and adaptability. As the conference will illustrate, understanding and leveraging these technologies is crucial for professionals aiming to lead their projects to success in an increasingly complex and competitive landscape. The insights gained from this event can guide attendees in navigating the future of project management.

Embracing the AI Revolution in Project Management: The Path Forward

Annapolis, Maryland – illustrative photo. Image credit: Bruce Emmerling via Pixabay, free license

The “Project Management in the Age of AI” conference in College Park, Maryland, is more than just an event; it’s a milestone in the journey of project management professionals towards embracing the AI revolution.

By offering a comprehensive exploration of AI’s role in project delivery and management, alongside unparalleled networking and learning opportunities, the conference is set to equip attendees with the tools and knowledge needed to thrive in the modern project management landscape.

[nuadox]

Indonesian fintech platform Akulaku secures $200M funding round

- By Nuadox Crew -

Indonesia-based Akulaku, a major Southeast Asian banking and digital finance platform, announced on December 26 a $200 million investment from Japanese megabank Mitsubishi UFJ Financial Group (MUFG). 

The investment will help Akulaku's expansion as it works toward its aim of delivering banking services throughout Southeast Asia, with a focus on reaching underserved people and markets. This is the company's second strategic investment this year, after a US$100 million capital round from Siam Commercial Bank ("SCB") in early 2022.

--

Source: Akulaku

Read Also

The latest AIFINTECH100 list is here

[full2njoy]

Royal Family of Dubai Company Partners With Coincorner To Facilitate Bitcoin Transactions In The UAE

Royal Family of Dubai Company Partners With Coincorner To Facilitate Bitcoin Transactions In The UAE

CoinCorner, a global leader in Bitcoin and Lightning Network services, has partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions in The United Arab Emirates (UAE). “Apart from individuals, a large number of companies are ready to embrace Bitcoin and other digital currencies as legal tender for future transactions,”…

[vivicantstudy]

17 Compelling Reasons to Start Learning Mandarin Today!

1. Cultural access: Mandarin opens doors to understanding China’s rich cultural heritage, including literature, philosophy, and art. It’s the key to exploring classical works like Confucian texts and contemporary media without relying on translations.

2. Cognitive benefits: Studies show that learning Mandarin enhances cognitive abilities, such as problem-solving and memory. The complexity of Mandarin characters and tonal distinctions challenges the brain, leading to better mental agility.

3. Future-proofing: As China continues to grow as a global economic powerhouse, being fluent in Mandarin positions you advantageously for future job markets and international business opportunities.

4. Travel convenience: Speaking Mandarin makes traveling in China, Taiwan, and Singapore significantly easier. It helps with navigating public transport, understanding local customs, and accessing services, enhancing your overall travel experience.

5. Business and networking opportunities: With China being home to many of the world’s largest companies, Mandarin can open doors to new business ventures, partnerships, and job opportunities in a wide range of industries.

6. Learn a completely different writing system: Mandarin involves learning thousands of characters, offering a unique cognitive challenge. This skill not only enriches your understanding of the language but also provides insight into Chinese thought processes and cultural nuances.

7. Stand out in the global job market: Fluency in Mandarin is a rare and highly sought-after skill. It can distinguish you from other candidates, making your résumé stand out and potentially leading to higher salary offers and unique career opportunities.

8. Influence of Chinese pop culture: Access China’s booming entertainment industry, including hit movies, music, and television shows. Understanding Mandarin allows you to enjoy these cultural products in their original form, without relying on subtitles or translations.

9. Connect with Chinese heritage: For those with Chinese ancestry or interest, learning Mandarin facilitates a deeper connection with your heritage. It allows you to engage with historical documents and family traditions that are often only accessible in the original language.

10. Enhance travel experiences in Asia: Mandarin proficiency improves your travel experiences across multiple countries in Asia, where Chinese influence is significant. It helps you interact with locals, understand regional dialects, and fully immerse yourself in diverse cultures.

11. Access to advanced technologies: China leads in fields like artificial intelligence and fintech. Understanding Mandarin gives you direct access to cutting-edge research, innovations, and trends emerging from these technology sectors.

12. Build stronger personal relationships: Learning Mandarin allows you to communicate more effectively with Mandarin-speaking friends, colleagues, and partners. It deepens personal connections and shows respect for their language and culture.

13. Tap into Chinese academic resources: China’s academic sector is growing rapidly. Mandarin proficiency enables you to access a wealth of research, academic journals, and educational materials that are increasingly influential on the global stage.

14. Gain insights into global trends: Understanding Mandarin helps you stay informed about global trends and innovations directly from China. This knowledge is valuable for staying ahead in industries like fashion, technology, and social media.

15. Improve cultural sensitivity: Learning Mandarin enhances your understanding of Chinese social norms and etiquette. This cultural insight is crucial for navigating personal and professional interactions with respect and understanding.

16. Develop long-term cognitive benefits: Mandarin’s unique challenges, such as tone recognition and character memorization, promote long-term cognitive development

These were my favorite reasons why I study Mandarin! I’m loving the journey because it connects me deeply with a new culture and opens doors to Chinese technological innovations. Plus, the challenge of learning Mandarin is boosting my cognitive skills and problem-solving abilities. Thanks for reading up to here!

[businessfortune]

"Mobile Payment Systems: The Shift Towards a Cashless Society"

Cash is no longer the "King"! Cashless payments are a result of the complete change in the payment landscape brought about by the digital age.

Credit cards were the first form of cashless payment fintech innovations in the 1990s. The electronic banking system became widely used throughout that same decade. The developments in cashless payments carried on after that.

Well-known brands like Apple Pay and PayPal entered the fintech innovations scene. Plus, nobody likes to carry cash these days. Everyone wishes to gain from cashless transactions. Though cash is still important in many places, the globe is gradually shifting to cashless transactions.

There has been an increase in cashless transactions worldwide, according to the most recent Statista survey. There will be 2297 billion cashless transactions worldwide by 2027. The statistics above demonstrate the exponential rise of cashless transactions.

Mobile Payment Systems: The Shift Towards a Cashless Society

Globally, cashless transactions are growing increasingly typical as card and digital payments spread. Digital payment methods like debit and credit cards, smartphone payment apps, and others are increasingly popular for everyday transactions around the world.

Contactless payments, such as digital wallets and tap-to-pay cards, have become increasingly popular. The COVID-19 pandemic further accelerated this trend due to the perceived safety of contactless payments. Mobile payment systems like Apple Pay and Google Pay have made it even easier to make cashless transactions resulting in an e-commerce growth. Global digital transactions are predicted to reach over $14 trillion by 2027. Scandinavian countries like Sweden and Norway have already reached a cashless point-of-sale transaction rate of over 90%. In Asia, mobile payments are rapidly growing, with China leading the way through services like WeChat Pay and Alipay e-commerce growth. However, cash is still preferred in some regions due to factors like informal economies, limited access to banking services, and mistrust of financial institutions. Overall, more and more people are embracing digital payments for their convenience and expanding possibilities. Efforts are being made by governments and financial organizations to support this shift while considering the needs of all individuals.

What Are Digital Wallets, and How Do They Work?

Due to the pandemic, contactless payments like digital wallets have become very popular. Digital wallets store payment methods for easy purchases using a smartwatch or smartphone. They can also hold coupons, tickets, and cards and allow money transfers to others.

How digital wallets work

Different digital wallets process payments using various technologies:

NFC stands for near-field communication: If two devices are positioned adjacent to one another, this enables information sharing between them. This technology is used by Google Pay and Apple Pay. The retailer needs to have card readers that are compatible with these digital wallets at the point of sale.

MST stands for magnetic secure transmission: Similar to when a credit card is swiped on its magnetic stripe, this produces a magnetic signal. The card reader at the payment terminal receives the signal. NFC and MST technologies are both used by Samsung Pay.

QR codes: You may use the camera on your smartphone to scan these barcodes for secure transactions. For instance, you can create a QR code using the PayPal app that enables you to pay for items in stores using your account.

Some digital wallets, such as the Starbucks app, are "closed," meaning they can only be used at that particular store. In contrast, the digital wallet examples above can be used at any retailer that accepts them.

The Technology Behind Mobile Payments

The manner in which consumers make payments around the world has been drastically changed by mobile payment technologies. The fundamental technologies that make this possible are:

NFC:With this technique, data may be exchanged through secure transactions between two devices that are positioned just a few centimeters apart. NFC facilitates rapid and safe transactions by enabling smartphones and payment terminals to communicate.

QR codes:To start a transaction, customers can use the camera on their smartphone to scan "quick-response" codes. The codes point the user to a website or payment application when they are scanned.

SMS-based transactions:Businesses can use this technique to send text message instructions for payments, which is especially helpful in areas where smartphone adoption is low. A series of text messages, including a confirmation code at the conclusion of the transaction, are used by customers to complete purchases.

Digital wallets:In order to enable customers to make payments using their phones rather than paper cards, digital wallets securely hold credit card information on a mobile device. Transport tickets, vouchers, and loyalty cards can all be kept in digital wallets.

Encryption and tokenization:In mobile payments, sensitive data is encrypted. Further enhancing security is tokenization, which uses a special digital identification (called a "token") to execute payments without disclosing account information.

Biometric verification:Mobile devices frequently come equipped with biometric sensors, like facial recognition or fingerprint scanners, which add an extra degree of security to transactions.

Cloud-based payments:Payment details are kept on cloud servers by certain mobile payment solutions. Payments are accepted from any device, and unified security management is in place.

Host card emulation (HCE):With an NFC-capable device, HCE enables a phone to function as a physical card without depending on access to a secure element, or chip, which holds private information like credit card numbers.

Application programming interfaces (APIs):APIs allow apps to talk to banking systems and other applications, which makes transactions easier.

Thanks to these technologies, consumers can now use their mobile devices for a wide range of payment-related tasks, such as online shopping, paying for goods and services at physical locations, and transferring money between people.

Cryptocurrency Transactions: A New Frontier in Mobile Payments

The number of people who own bitcoin is growing rapidly, with over 400 million worldwide. This has led to an increase in demand for cryptocurrency payment options in everyday life. Starting a cryptocurrency transaction is easy, as users can simply use their mobile crypto wallet app to send payments to vendors. Specialized payment gateways are also available, which allow businesses to accept cryptocurrency and convert it to regular money quickly. By accepting cryptocurrency payments, businesses can reach a larger customer base and increase their revenues. Many companies, including e-commerce stores, gaming platforms, and Forex platforms, are already accepting bitcoin payments. The best part is that bitcoin payments are faster and cheaper than traditional banking methods.

Advantages of Using Mobile Payment Systems

Advantages of widely used Mobile banking:

Reduce expenses by eliminating costly equipment and setup.

Improve cash flow with faster payments.

Easily integrate loyalty programs for repeat purchases.

Gain insights from customer data for personalized strategies.

Increase customer convenience by accepting payments anytime, anywhere.

Stay competitive by offering multiple payment options.

Mobile banking enhances payment security with encrypted codes.

Simplify bookkeeping with collected business information.

These benefits improve the customer experience and make accepting payments on the go easier.

Conclusion:

The future of payments will undoubtedly revolve around preserving the integrity of cash as a viable payment option, while concurrently expanding and enhancing digital payment solutions. Empowering individuals to select their preferred transaction method based on personal circumstances and preferences is of utmost importance. In order to construct an all-encompassing financial system that caters to the requirements of every participant, it is imperative for businesses, policymakers, and financial institutions to establish resilient digital payment systems alongside a sturdy infrastructure for cash.

FAQ:

What are mobile payment systems?

Mobile payment systems allow you to make payments using your smartphone or mobile device, typically through apps or digital wallets like Apple Pay or Google Wallet.

How secure are mobile payment systems?

Mobile payment systems are generally secure, using encryption, tokenization, and biometric authentication to protect your data. However, security also depends on user practices like keeping your device and apps updated.

What are the benefits of using mobile payment systems?

Mobile payment systems offer convenience, speed, and security. They also support contactless payments, track spending, and often integrate with loyalty programs.

How do mobile payments impact global economies?

Mobile payments boost global economies by increasing financial inclusion, speeding up transactions, and supporting digital commerce, especially in emerging markets.

What technologies are driving the growth of mobile payment systems?

Key technologies include Near Field Communication (NFC), QR codes, biometric authentication, and blockchain, all of which enhance security and convenience in mobile payments.

[baohouse]

Personal framework for running a global engineering team

Five months in being Director of Engineering for a fintech startup, overseeing a small team that spans south Asia and North America, I'm building a global engineering culture that produces a high-quality technology product. Greatest challenge I've ever faced. What is helping me?

1. Being a systems thinker.

As a child my uncle would go to a used computer store, Weird Stuff, in Silicon Valley and bring home junk. I would take apart and rebuild computers. At the same time, on weekends, I would help mom look after our garden filled with abundant fruit trees.

Looking after a garden helped me practice managing micro-ecologies. I played a lot of video games growing up, notably SimCity, Civilization, and SimEarth. It was fun to explore different ways of managing complex systems (cities, nations, planet).

2. Understanding culture via ethnic studies.

I became interested in understanding my Vietnamese heritage while entering college. I became involved in Vietnamese student organizing at the school, regional, and continental level, especially organizing conferences.

I took a course in Native American Studies and Asian American Studies to help compare. What was important was to have a statistical and anecdotal view of culture. Traits can manifest by many, or by few who still see themselves part of the group.

Also important was tweaking or implementing new cultural practices. A big focus during my time as a student organizer—credit which goes to my peers—was building social cohesion among people in different geographies via group activities, e.g. scavenger hunt, trò chơi lớn.

Sometimes it failed. Other times it succeeded. Either way, a lesson learned: utilize one's upbringing, or design a way to introduce people into a new practice. Which segues into...

3. Practice marketing and product development.

I practiced asking/answering: What do people do? Is there something (a product) that exists to fulfill their needs? How can it be improved? I practiced via student community organizing, and continued having joined many tech startups.

At every startup company, we created a tech product (I developed my software engineering skills), and had to test and validate its viability. And in the context of a startup, I learned product development processes such as Agile methodology.

Culture is a product too, e.g. instituting a mentorship program, or Vietnamese New Year festival. They're not software, but it benefits from asking the same questions. Can't just do things just cuz it's always been done that way. Why do it? Otherwise people flock to alternatives.

4. Study leadership.

One way to approach it is learning the levels of leadership. The first person you lead is yourself. And then you learn to lead peers/groups, then organizations, then communities, societies, etc.

For each level one had to learn different skills. Level 1 (self) you learn self-awareness and self-love. Level 2 (peers) you learn empathy, chit chat, paired activities (hanging out; dates). Level 3 (group) you learn things like conflict resolution mediation.

Learning and practice never ends. Just because I practiced how to do it with peers my age, as time goes on, you just end up practicing with people of different backgrounds: age, origin, beliefs, life circumstances, disabilities, etc.

5. Learning and applying industrialization.

So it's one thing to learn how to create products. It's another matter to make it accessible at scale. I'll watch videos on how things are built such as how Coca-Cola Company makes soda. Or how McDonald's churn out burgers quickly.

It helps to be a systems thinker, to really identify where things get slow. When I played SimCity, I loved identifying and clearing out traffic bottlenecks. It also helps to understand lifecycles (thanks high school biology), because a lot of problems come down to timing issues.

Now... I don't have a formal training in industrial processes like Six Sigma or Toyota Production System. But it's definitely something I'm interested in. Why? Because I like to model after good practices that already exist. Which segues into...

6. Leverage partnerships and external inspirations.

An important lesson I learned while organizing in the Vietnamese nonprofit community is: if you can't do it yourself, partner with someone who can. Build their work into your flow. Or model their process.

I worked with nonprofits, so I only had shoestring budgets or volunteer hours to work with. My mentees created youth development programs by inviting staff of other nonprofits to participate. DIY is cool, but if it's not an option, collaborate.

Or if limited resources, introduce an abbreviated form. Set a goal for each team member to learn and apply one new thing each month to steer the team towards a framework. Sometimes it's about introducing terminology, because words shape our reality and the way we do things.

Sorry this is so long; really this is a brain dump. I need it because I needed to create my own personal framework for how I am running the engineering team.

[dubaicompanyformation]

Top Free Zones in Dubai for Business Setup in 2024: A Comprehensive Guide

Dubai’s free zones are among the most attractive destinations for businesses looking to enter the UAE market. With benefits such as 100% foreign ownership, zero taxes, and full profit repatriation, free zones have become a hub for entrepreneurs and investors. Choosing the right free zone is crucial to the success of your business, and with over 30 free zones across the emirate, it can be challenging to select the best one for your industry and needs.

In this guide, we will explore the top free zones in Dubai for business setup in 2024, providing insights into their unique advantages, the industries they cater to, and how you can benefit from setting up your company in these thriving areas.

What Are Dubai Free Zones?

Dubai’s free zones are special economic areas that allow businesses to operate with a variety of incentives designed to attract foreign investment. These zones offer specialised infrastructure, streamlined regulations, and a business-friendly environment. They also allow foreign investors to retain 100% ownership of their companies, unlike mainland companies that often require a local partner.

Free zones in Dubai cater to a wide range of industries, including:

Technology

Logistics

Healthcare

Media and Communications

E-commerce

Manufacturing

Top Free Zones in Dubai for Business Setup in 2024

Here is a look at some of the top free zones in Dubai and what makes them ideal for business formation in 2024.

1. Dubai Multi Commodities Centre (DMCC)

Voted the "Global Free Zone of the Year" multiple times, DMCC is one of the most popular and dynamic free zones in Dubai. It caters to a variety of industries, with a strong focus on commodities trading, technology, and finance.

Location: Jumeirah Lakes Towers (JLT)

Key Industries: Commodities trading, fintech, diamonds, precious metals, energy

Benefits: Flexible office space options, including flexi-desks100% foreign ownership, full capital repatriation, no import or export duties, no personal or corporate taxes

With its strategic location in the heart of Dubai, DMCC is an excellent choice for businesses involved in international trade.

2. Dubai Silicon Oasis (DSO)

Dubai Silicon Oasis is a fully integrated technology park that supports companies in the tech, IT, and electronics sectors. It offers state-of-the-art infrastructure designed for innovation and entrepreneurship.

Location: Near Academic City

Key Industries: Technology, software development, IT, e-commerce

Benefits: High-tech ecosystem with R&D labs, data centres, and incubation centres100% foreign ownership, zero income and low corporate taxes, full repatriation of profits, access to venture capital and business accelerators

DSO is ideal for tech start-ups, established technology companies, and businesses looking to scale in Dubai’s rapidly evolving tech landscape.

3. Dubai International Financial Centre (DIFC)

DIFC is one of the leading financial hubs in the Middle East, Africa, and South Asia. It offers a globally recognised legal framework based on English common law, making it a top choice for companies in the financial services and legal sectors.

Location: Downtown Dubai

Key Industries: Finance, banking, insurance, fintech, legal services

Benefits: A world-class regulatory environment100% foreign ownership, no restrictions on capital repatriation, access to major financial markets, robust legal system with independent courts

For companies in the financial and legal sectors, DIFC provides a highly professional and internationally recognised business environment.

4. Jebel Ali Free Zone (JAFZA)

JAFZA is one of the largest and oldest free zones in Dubai, located next to the Jebel Ali Port, one of the busiest ports in the world. It is particularly well-suited for logistics, manufacturing, and trade businesses.

Location: Jebel Ali, adjacent to the port

Key Industries: Logistics, manufacturing, trading, industrial services

Benefits: Proximity to the world’s 10th largest container port, access to a range of warehousing and industrial facilities, zero customs duties for goods entering or leaving the zone100% foreign ownership and full capital repatriation, a wide range of available office and warehouse space

With its strategic position at the gateway to the Middle East, Africa, and South Asia, JAFZA is a prime destination for logistics and manufacturing companies.

5. Dubai Healthcare City (DHCC)

Dubai Healthcare City is a specialised free zone dedicated to healthcare services and life sciences. It is home to hospitals, clinics, medical research centres, and pharmaceutical companies, making it the go-to destination for healthcare businesses.

Location: Al Jaddaf, Dubai Creek

Key Industries: Healthcare, pharmaceuticals, medical tourism, wellness

Benefits:100% foreign ownership, state-of-the-art healthcare facilities and infrastructure, no corporate or income taxes, strategic location near major hospitals and healthcare providers, full capital and profit repatriation

If you are looking to enter the healthcare sector or expand your business in medical tourism, DHCC provides the ideal platform.

6. Dubai Internet City (DIC)

Dubai Internet City is the largest information and communication technology hub in the Middle East. It is home to global tech giants like Google, Microsoft, and Dell, making it an ideal location for IT, software development, and digital media companies.

Location: Al Sufouh, near Dubai Marina

Key Industries: IT, software, digital media, telecommunications

Benefits:100% foreign ownership, zero personal and corporate income taxes, full profit repatriation, state-of-the-art digital infrastructure, access to a highly skilled workforce

DIC is the perfect place for businesses in the tech and digital media sectors to thrive and collaborate with industry leaders.

7. Dubai South Free Zone

Located near Al Maktoum International Airport, Dubai South Free Zone is a rapidly growing economic hub, designed to cater to aviation, logistics, e-commerce, and transportation companies. It is also home to the Expo 2020 site, which continues to drive significant business activity in the area.

Location: Dubai South, near Al Maktoum Airport

Key Industries: Aviation, logistics, e-commerce, transportation

Benefits: Direct access to air and sea transport routes, 100% foreign ownership and full capital repatriation, no import or export duties, competitive leasing options for warehouses and offices, access to a growing business community and key infrastructure projects

Dubai South Free Zone is an excellent choice for companies looking to benefit from Dubai’s growing aviation and logistics sectors.

How to Choose the Right Free Zone for Your Business

Choosing the right free zone depends on several factors:

Industry: Some free zones cater to specific industries, such as finance, healthcare, or technology, so selecting one aligned with your business is essential.

Location: Consider proximity to key transport hubs, like ports and airports, if your business relies on trade or logistics.

Costs: Office space, licensing fees, and visa quotas can vary between free zones, so it is important to assess your budget and growth plans.

Business Activity: Make sure the free zone allows the specific business activity you plan to undertake.

Dubai’s free zones provide numerous opportunities for businesses to grow and thrive in a competitive and dynamic environment. By choosing the right free zone based on your industry and business needs, you can enjoy the benefits of 100% foreign ownership, zero taxes, and a strategic location that connects you to global markets.

For personalised guidance on which free zone is right for your business in 2024, contact Gulf Formations (+971555979220) today, and we will help you set up your company with ease.

[lizseyi]

SDAX Completes USD$50M Series B2 Round With Muscat Precious Metals Refining Company

MPMR is the premier precious metals refinery in Oman

Funds raised will go towards expansion plans in Asia and the Gulf Cooperation Council region (“GCC”)

SDAX, Singapore’s Digital Asset Exchange, is pleased to announce the successful closing of its US$50 million Series B2 funding round led by the Oman-based Muscat Precious Metals Refining Company LLC (“MPMR”). This follows a US$18 million Series B funding round in 2021 led by PSA International, Straits Trading Company, and New Horizon Global. They joined existing shareholders: ESR, RHT and Crazy Goats, supporting SDAX’s mission to empower investors with access to private markets and alternative investment opportunities.

The funds raised will accelerate the expansion of the SDAX ecosystem on several fronts, chief among them is the focus on client acquisition and the inclusion of other business lines such as wealth and fund management. Regional expansion is another priority, as is the launch of a digital asset exchange in Oman. This platform will not only provide a strategic gateway to the GCC and Africa but will also connect Oman to liquidity pools globally.

Rachel Chia, Chief Executive Officer of SDAX, said,  “The successful Series B2 funding round is a testament to SDAX’s commitment to democratise access to institutional-grade private markets and alternative investments. We value the continued support of our current investors, and welcome both our new shareholders MPMR and the business potential that this new partnership brings. We are particularly excited about the opportunity to expand into the GCC region.”

Nick Cochrane-Dyet MBE of MPMR, and Chair-designate of SDAX, said: “After more than a year of working with SDAX, the results of our partnership have demonstrated the potential SDAX has to offer in democratising investments for financial inclusion. We look forward to deepening our partnership with SDAX by developing capabilities in Oman to provide companies in the GCC with an alternative source of funds, and to building a strong investor base in the region. We look forward to supporting SDAX’s growth journey and contributing to its continued success.”

Tan Chong Huat, outgoing Chairman of SDAX, said: “We welcome MPMR to our esteemed roster of shareholders and are proud of the SDAX team’s well-deserved achievements. Looking ahead, we are thrilled about SDAX’s international expansion and being recognised as one of the leading digital asset platforms globally. I am honoured to have been a part of SDAX’s success and now wish SDAX to attain further heights together with MPMR.”

In April this year, the diversity of products offered on SDAX’s platform has been bolstered by the strongest demand for gold in over a decade. SDAX had teamed up with MPMR to offer securitised Gold Tokens on the SDAX Exchange platform. First of their kind, these tokens offer investors fractional gold investments and trading, backed by physical gold bullion held at Le Freeport in Singapore. Following this, SDAX has issued a popular series of short-term gold financing notes offering investors double-digit yields.

– Ends –

About SDAX

Singapore’s Digital Asset Exchange (SDAX) is a MAS-regulated investment and trading platform serving institutional, accredited and retail investors. We provide access to fractionalised institutional-grade investment opportunities that have not previously been available to most investors. Our strength lies in private credit, real estate and impactful investment opportunities. SDAX partners with corporates, financial institutions and family offices to bring access to the underserved market.

At SDAX, we commit our expertise and technological know-how to unlock innovative investment opportunities to drive sustainable and impactful growth.

SDAX represents the merged entities of digital asset exchange Digiassets Exchange Singapore (SDAX) and fintech company, Minterest Holdings.

The merger and rebranding bring synergy for SDAX by combining capabilities to offer both a Digital Asset Exchange, regulated under its Recognized Market Operator (RMO) licence, and Capital Markets Services, regulated under its Capital Markets Services (CMS) licence.

Visit our website here.

[eliteservermanagement]

Lease IP Address in Ukraine: A Comprehensive Guide

As the digital landscape continues to evolve, businesses and individuals alike are increasingly seeking flexible and cost-effective solutions to meet their growing network needs. One such solution is leasing IP addresses. In Ukraine, the demand for leased IP addresses is on the rise due to the country's growing tech sector and its strategic location between Europe and Asia.

This blog will explore the benefits, challenges, and opportunities of leasing IP addresses in Ukraine, and how businesses can leverage this service to enhance their operations.

What is an IP Address Lease?

An IP (Internet Protocol) address lease involves renting a block of IP addresses for a set period, rather than purchasing them outright. Leasing allows businesses to scale their online infrastructure, accommodate traffic spikes, and expand their operations without the long-term commitment or high upfront cost of buying IP addresses.

Why Lease IP Addresses in Ukraine?

Ukraine's tech and digital industries have been growing steadily, driven by an increasing demand for online services, digital marketing, e-commerce, and fintech solutions. Leasing IP addresses in Ukraine provides several advantages:

Cost-Effective Solution: Compared to purchasing, leasing IP addresses is far more affordable, especially for startups and small businesses that may not have the capital to invest in long-term IP resources.

Flexibility: Leasing provides greater flexibility as businesses can scale their network resources up or down depending on current needs. This is particularly useful for companies in Ukraine's tech hubs, where the demand for digital services can fluctuate rapidly.

Faster Deployment: Leasing IP addresses allows for quicker access to the required network resources, enabling businesses to roll out services, websites, or applications in less time.

Compliance with Local Laws: Leasing IP addresses from a Ukraine-based provider ensures that companies are compliant with local regulations regarding internet usage, data privacy, and security.

Key Benefits of Leasing IP Addresses

1. Scalability

For businesses looking to expand their online presence in Ukraine or globally, leasing IP addresses offers a scalable solution. Companies can lease additional IPs as they grow without the constraints of purchasing them upfront.

2. Enhanced Security

Leasing a dedicated IP address can improve security by ensuring that businesses maintain control over their traffic and online assets. A dedicated IP can also help with reputation management, particularly for companies that handle sensitive data.

3. Improved SEO and Online Performance

Leasing a dedicated IP address can positively impact website performance and search engine optimization (SEO). In cases where a shared IP might slow down a website or expose it to potential risks due to other users on the same network, a leased IP offers more control and stability.

How to Lease IP Addresses in Ukraine

Leasing an IP address in Ukraine is a straightforward process. Here’s a step-by-step guide:

Research Providers: Look for reputable IP address leasing companies in Ukraine or global providers with a presence in the region. Ensure that they offer IPv4 and IPv6 addresses to suit your needs.

Select the Right IP Range: Depending on the size of your business and the nature of your operations, you may need a small block of IPs or a larger range. Most providers offer customizable solutions to fit your needs.

Consider Pricing: Compare pricing plans and choose the option that provides the best balance of cost and flexibility. Some providers may offer discounts for long-term leases.

Review Terms and Conditions: Before committing, thoroughly review the lease agreement to understand the terms, including usage limits, renewals, and penalties for exceeding limits.

Set Up Your Leased IPs: Once your lease is active, your provider will guide you through the setup process, helping you configure your leased IP addresses for your specific needs.

Potential Challenges of Leasing IP Addresses

While leasing IP addresses in Ukraine offers numerous benefits, there are some challenges to consider:

IPv4 Shortage: IPv4 addresses are becoming scarce globally, which can drive up the price of leasing these IPs in Ukraine. Some businesses may need to transition to IPv6, which offers a larger pool of addresses but may require additional infrastructure.

Network Performance: Depending on the provider, network latency or other performance issues may arise. It's essential to choose a reliable provider with a strong infrastructure in Ukraine to ensure optimal performance.

Legal and Regulatory Issues: It's crucial to ensure that the leased IP addresses comply with Ukrainian regulations on internet usage and data privacy, particularly for companies handling sensitive information.

Conclusion

Lease IP addresses in Ukraine provides businesses with a flexible, cost-effective solution to scale their digital operations. With the growing demand for online services, e-commerce, and tech solutions in the country, leasing IPs offers a quick and efficient way to meet these demands without the long-term commitment of purchasing IP addresses.

Whether you're a startup looking to establish your online presence or an established company seeking to expand in the Ukrainian market, leasing IP addresses can provide the network infrastructure needed to succeed.

By carefully selecting the right provider and range of IPs, you can enjoy the benefits of scalability, enhanced security, and improved online performance—all while staying compliant with local regulations.

[er-10-media]

Финтех-стартапы Центральной Азии смогут выиграть $50 000

New Post has been published on https://er10.kz/meroprijatija/finteh-startapy-centralnoj-azii-smogut-vyigrat-50-000/

Финтех-стартапы Центральной Азии смогут выиграть $50 000

В рамках Central Asia Fintech Summit пройдет конкурс для финтех-стартапов Fintech Stars, направленный на поддержку инновационных решений для финансовой экосистемы Центральной Азии. Организаторами стали НПК РК и MOST Holding при поддержке Visa.

Популярность Fintech не утихает: только в 2023 году глобальные инвестиции в эту сферу составили $113,7 миллиардов. Поэтому и участие в конкурсе может привлечь, помимо финансирования, внимание лидеров отрасли. Участниками могут стать стартапы на стадии Seed и Pre-Seed, зарегистрированные в Казахстане или других странах Центральной Азии.

Особое внимание будет уделяться проектам в следующих направлениях:

Открытый банкинг (Open Banking); 

De-Fi (Decentralized Finance); 

Искусственный интеллект для финтеха; 

Платежные системы.

Победители получат призовой фонд в размере $50 000, а также:

Менторскую поддержку от лидеров индустрии; 

Освещение в ведущих медиа и доступ к ключевым инвесторам; 

Возможность участия в акселерационных программах от MOST Business Intelligence;

Секретный приз.

Благодаря конкурсу стартапы смогут вырасти и масштабироваться на международный уровень.

Дата и место проведения: 9 октября в Royal Tulip, Алматы.

Для участия нужно подать заявки через онлайн-форму до 1 октября. Финалистов объявят 6 октября.

[hamzaaslam]

Salmon Wins Prestigious International Finance Awards

MANILA, PHILIPPINES – Media OutReach Newswire – 16 September 2024 – Salmon, the leading fintech company committed to expanding financial inclusion and innovation in Southeast Asia, proudly announces its recent wins at the prestigious International Finance Awards 2024. Salmon was recognized as the Best New Customer-Centric Fintech Company in the Philippines and the Best New Financial Inclusion…

[wenikhilkumar]

Mergers and acquisitions (M&A) activity in Malaysia

Mergers and acquisitions (M&A) activity in Malaysia

Mergers and acquisitions (M&A) activity in Malaysia has been steadily growing, driven by several factors, including economic reforms, government policies, and regional growth. Key sectors attracting M&A interest include technology, telecommunications, financial services, manufacturing, and healthcare. Malaysia's strategic location in Southeast Asia, coupled with strong trade links, makes it an attractive destination for both inbound and outbound M&A.

The government's efforts to liberalize regulations and encourage foreign investment have further stimulated M&A transactions. Additionally, the rise of digital transformation in the country has prompted tech-driven M&A deals, particularly in fintech and e-commerce. Challenges remain, such as market volatility and regulatory complexities, but Malaysia’s stable political environment and economic resilience make it a viable market for M&A. Moving forward, the M&A landscape in Malaysia is expected to grow, particularly in high-growth sectors as companies seek to expand and diversify portfolios.

[likita123]

The Fintech Gold Rush: Why Investors Are Betting Big on Digital Finance

Introduction

In recent years, fintech has transformed from a niche sector into a global phenomenon, reshaping how individuals and businesses manage, invest, and interact with money. Investors have taken notice, pouring billions into fintech startups that are redefining financial services. With the surge of innovations like digital wallets, cryptocurrency, decentralized finance (DeFi), and neobanks, the fintech industry is experiencing a modern-day gold rush. This article explores why investors are betting big on digital finance and what makes fintech such a compelling opportunity.

The Fintech Revolution: Driving Factors Behind Investor Enthusiasm

Explosive Growth in Digital Finance Adoption The global shift toward digital finance has been unprecedented. From contactless payments to online banking, consumers are increasingly adopting fintech solutions. The COVID-19 pandemic only accelerated this trend, as people and businesses turned to digital platforms for everyday transactions. With millions of users embracing fintech services, startups in the space have seen a meteoric rise in user growth, making the sector highly attractive to investors.

Disruption of Traditional Financial Institutions Fintech startups are challenging the status quo of traditional financial institutions by offering faster, cheaper, and more efficient services. Whether it's digital lending platforms, peer-to-peer payment systems, or robo-advisors, these startups are solving long-standing inefficiencies. This disruption has created vast opportunities for investors to back companies that could become the next generation of financial giants.

Innovation in Blockchain and Decentralized Finance (DeFi) Blockchain technology and decentralized finance (DeFi) have revolutionized the fintech landscape. Cryptocurrencies, tokenization, and smart contracts are enabling secure, transparent, and decentralized transactions without the need for intermediaries like banks. The innovation in DeFi is driving investors to pour capital into blockchain-based startups, anticipating significant returns as these technologies gain wider adoption.

Expanding Global Market Fintech’s appeal isn't limited to developed markets; it’s also transforming financial inclusion in emerging economies. Startups are bringing banking, lending, and payment solutions to underserved populations in regions like Africa, Southeast Asia, and Latin America. Investors are betting big on these markets, seeing fintech as a solution to a global financial access problem with enormous growth potential.

Favorable Regulatory Changes Governments and regulatory bodies are increasingly recognizing the importance of fintech innovation, enacting policies that support the growth of digital finance. Regulatory sandboxes, open banking initiatives, and government-backed digital currencies have paved the way for startups to thrive. This regulatory support has provided reassurance to investors, allowing fintech companies to scale quickly without facing significant legal barriers.

The Rise of Neobanks Neobanks, or digital-only banks, have garnered significant attention and investment. These challenger banks offer an entirely digital banking experience, without the traditional overhead of brick-and-mortar branches. By providing services such as lower fees, faster transactions, and intuitive mobile platforms, neobanks have captured millions of users, making them a hotbed for investor interest.

Data-Driven Decision Making Fintech companies are leveraging big data and artificial intelligence (AI) to enhance their offerings, from personalized financial advice to real-time fraud detection. The ability to harness vast amounts of data and provide actionable insights has created a competitive advantage for fintech startups, attracting investors eager to capitalize on data-driven innovation.

Why Investors Are Flocking to Fintech

High Returns and Growth Potential Fintech offers unparalleled growth potential. With digital financial services expanding at a rapid rate, investors see fintech startups as high-reward opportunities. The scalability of fintech businesses, combined with the ever-growing demand for digital solutions, means that many early-stage investors have seen massive returns on their investments.

Lower Barriers to Entry and Global Reach Unlike traditional financial institutions, fintech startups can operate with lower overhead costs and reach a global audience through digital platforms. This scalability, combined with innovative technologies like blockchain and AI, allows fintech companies to expand rapidly into new markets, further driving investor interest.

Increased M&A and Exit Opportunities The fintech sector has seen a surge in mergers and acquisitions (M&A) as established financial institutions look to acquire innovative startups to stay competitive. Additionally, many fintech companies are pursuing IPOs or becoming targets for private equity firms, providing investors with lucrative exit opportunities.

Alignment with Consumer Preferences Modern consumers demand convenience, speed, and personalized experiences when managing their finances. Fintech startups are well-positioned to meet these expectations, creating products that cater to tech-savvy users. Investors are betting on fintech’s ability to stay at the forefront of consumer-driven finance, anticipating long-term success.

Strategic Partnerships and Ecosystem Building Many fintech startups are forming partnerships with traditional banks, tech companies, and government entities to enhance their offerings. These collaborations provide fintech companies with the resources and credibility needed to scale quickly, creating attractive opportunities for investors.

The Risks of Fintech Investment

While the fintech gold rush offers immense opportunities, it’s not without risks. Fintech startups operate in a highly competitive and evolving landscape, where regulatory changes, cybersecurity concerns, and market saturation can pose challenges. Additionally, the fast pace of innovation means that startups must continually adapt to stay relevant.

Investors should conduct thorough due diligence, assessing the scalability, sustainability, and compliance readiness of fintech companies before making commitments. Diversifying fintech investments across different subfields (e.g., payments, blockchain, regtech) can help mitigate risks while maximizing potential returns.

Outcome

The fintech gold rush is far from over, and investors are continuing to place big bets on digital finance. As the fintech industry expands and disrupts traditional financial systems, the opportunities for innovation and growth are vast. From neobanks to blockchain startups, fintech companies are at the cutting edge of the financial revolution. For investors, understanding the trends driving this transformation—and the risks involved—is key to capitalizing on the future of finance.

[onetechavenue]

Helicap Closes Largest Credit Facility Yet with Xendit’s XenCapital: USD$50 Million to Empower Southeast Asian Businesses

Helicap, a leading fintech platform provider specialising in emerging markets, is proud to announce the successful facilitation of a credit facility with XenCapital, the lending arm of Xendit, a fintech unicorn with operations across Southeast Asia and which has raised US$515million in venture capital funding. Digital lending has been the most active Southeast Asian fintech subsector in 2023,…