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Charting the Future: D3 Labs Fortifies Its Role in Indonesia’s Financial Transformation

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D3 Labs, a pioneer in programmable assets and blockchain technology is thrilled to announce its strategic initiative aimed at solidifying and enhancing its role in Indonesia’s financial landscape. This significant step underscores D3 Labs’ commitment to solidifying its presence in Indonesia, as it continues to play a pivotal role in reshaping the country’s financial ecosystem.
As one of the first Fintech companies to enable financial institutions in Indonesia to harness the power of DLT, D3 Labs has been instrumental in revolutionizing financial processes and enhancing the country’s regional competitiveness.
D3 Labs Enhances Leadership with Key Advisor Appointments: Irawan Mulyadi and Harry Sasongko
In a significant move towards strengthening our position in Indonesia’s financial markets, D3 Labs proudly announces the strategic onboarding of two key advisors. Irawan Mulyadi, a seasoned technopreneur renowned for his expertise in strategically applying information technology, brings a wealth of experience to our team. Notably, he is the Commissioner of PT International Biometrics Indonesia, a company chosen to develop a National ID system for the government.
Additionally, we are honored to welcome Harry Sasongko, a distinguished figure in the Indonesian banking industry, to our advisory team. Harry Sasongko boasts an extensive professional history, such as Vice President at Citibank, Director at PT Lippo Bank, CEO of Indosat, and President Director at PT GE Finance Indonesia. Presently, he serves as a Director at Bank Mayapada.
Their combined expertise, especially in government technology and the Indonesian banking industry, is crucial for D3 Labs as it seeks to make headway in Indonesia’s financial markets. Chung Ying Lai, Co-CEO of D3 Labs, emphasizes the importance of their contributions, stating, “The strategic onboarding of advisors, Irawan, a government technology expert, and Harry, an Indonesian financial expert, enhances our capacity to foster positive engagement with local regulators and financial institutions, ensuring a strategic and pioneering approach to industry developments.”
D3 Labs has not only strengthened its advisory team but also forged a strategic partnership with one of the world’s leading Distributed Ledger Technology (DLT) companies. This collaboration ensures that D3 Labs’ technology and solutions are of the highest caliber, serving financial institutions with world-class innovation. Additionally, D3 Labs proudly announces the successful completion of the ISO/IEC 27001:2022 Information Security Management System certification audit, with a scope covering the development and operational services for its Application. This certification underscores D3 Labs’ unwavering dedication to information security and data protection. While ISO/IEC 27001 certification is viewed not as an endpoint but as a marker of an ongoing journey to enhance security measures, it represents a significant milestone in D3 Labs’ continuous pursuit of excellence.
Internationally, global banks have embraced close collaborations with blockchain companies, showcasing the transformative power of merging traditional finance with DLT. HSBC and Wells Fargo have successfully settled over $200 billion in transactions using blockchain, extending its application to settle foreign exchange transactions. Closer to home in Japan, MUFG and Ginco have teamed up for a joint study to explore the creation of an infrastructure for regulatory-compliant stablecoins, enhancing cross-border settlement processes. These collaborative efforts reflect a growing urgency to leverage such innovative solutions in the financial industry. Additionally, the groundbreaking initiative by JPMorgan, Onyx through JPM Coin, is reported to settle $10 billion in transactions daily, further emphasizing the industry’s increasing adoption of advanced blockchain solutions for efficient financial transactions.
D3 Labs has been deeply engaged with local financial institutions from the outset, conducting extensive Proof of Concepts (POC) and trials to ensure that our solutions are not only compatible but also address the specific needs of the local financial landscape. This proactive approach reflects our commitment to tailoring innovative solutions that resonate with the unique requirements of Indonesian financial institutions. As a testament to our dedication, we actively participated in the BCA SYNRGY accelerator program, showcasing our commitment to offering cutting-edge solutions to the Indonesian banking sector.
To sum up, Chung Ying Lai, CEO of D3 Labs, notes, “D3 Labs is proud to be at the forefront of bringing Distributed Ledger Technology (DLT) to Indonesia’s financial industry. We’ve worked hard to innovate and support local businesses in this evolving landscape. Moving forward, D3 Labs remains committed to making a positive impact, fostering innovation, and playing a meaningful role in advancing Indonesia’s financial sector.”
The post Charting the Future: D3 Labs Fortifies Its Role in Indonesia’s Financial Transformation appeared first on HIPTHER Alerts.

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Henry Zhang, Chairman & CEO of TUGE Technologies, Delivers Keynote at MWC 2024 on Mobile IoT Trends

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At the Mobile World Congress (MWC 2024) held in Shanghai, Henry Zhang, Chairman and CEO of TUGE Technologies, delivered a keynote speech titled “Globalization of IoT Industry.” He discussed the future directions of the mobile Internet of Things (IoT) industry and showcased TUGE’s pioneering innovations and real-world applications in the fusion of artificial intelligence (AI) and globalization.
In his address, Mr. Zhang stated, “Globalization and AI represent the inevitable trajectory for the advancement of mobile IoT.”
Founded in 2013, TUGE Technologies has become a leading mobile IoT platform provider globally, dedicated to delivering high performance, efficient and cost-effective connectivity and management solutions. The company has rapidly expanded across Europe, Japan, Australia, the US, and Southeast Asia, forming partnerships in over 50 countries and setting a benchmark in the mobile IoT field.
With over two decades of combined experience in ICT technology, marketing, strategy and innovation in both Chinese and Western contexts, Mr. Zhang believes that the AI-driven era places greater emphasis on localization. For overseas operations, deepening localization efforts in strategic markets is crucial. Robust global communication infrastructure and comprehensive mobile IoT platforms are vital for widespread application scenarios.
During his speech, Mr. Zhang addressed the six key challenges in enhancing mobile IoT performance and shared TUGE’s innovative solutions. Addressing the requirement of high-performance global communication capabilities for wide application scenarios, the company has transformed mobile IoT architecture to optimize communication performance and improve the performance-to-price ratio. TUGE’s cloud communication platform integrates over 300 global operators, providing extensive network coverage in more than 200 countries and regions, and facilitating multi-country, multi-network synergies. Leveraging its proprietary intelligent operation platform, TUGE dynamically optimizes networks to meet the specific needs of each terminal. Additionally, with the innovative vSIM+eSIM convergence solution, TUGE offers a combined hardware-software global communication solution for business intelligent terminals that can be applied anywhere, accelerating market entry and enabling companies to succeed internationally.
The post Henry Zhang, Chairman & CEO of TUGE Technologies, Delivers Keynote at MWC 2024 on Mobile IoT Trends appeared first on HIPTHER Alerts.

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60% of finance professionals plan to leave the sector as they advise Gen-Z to look for job opportunities elsewhere

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Medius research has found 60% of financial professionals are looking for a new job outside of the sector, as employees say the profession hasn’t kept pace with changing expectations. When asked if finance professionals would recommend a job in the sector to Generation-Z (those born between 1996 and 2010), 60% of respondents said they wouldn’t recommend it to the younger generation. The reason why? According to those in the sector, other fields now offer better compensation (53%), they’ve experienced high levels of burnout and poor work-life balance (53%), and a career in finance offers less security and stability than in previous years (38%).
Administrative responsibilities and repetitive tasks are two issues which are blighting the profession. 87% of finance pros say they are responsible for replying to vendor emails, taking up 8 hours per week. Additionally, 92% are responsible for approving invoices, with most saying they approve 13 invoices per day.
The new findings released today by fintech, Medius, paint a worrying picture for business leaders in terms of both talent recruitment and retention.
Paul Ellis, UK MD, Medius says: “The new findings released today highlight a concerning trend for finance professionals, with many considering employment options in other sectors. Our data also found that only 25% recommend a job in finance to Gen-Z. Burnout, poor work-life balance, and better opportunities elsewhere are all driving this trend.”
Zeeshan Malik, an ex-finance professional says: “Having first hand experience in the finance sector’s highly bureaucratic environment, these findings deeply resonate with me. Although the work was important, it involved repetitive and mundane tasks, unfortunately for which the compensation was subpar. The relentless pressure and overwhelming hours often left me and my colleagues struggling to maintain a work-life balance, leading to severe burnout. My decision to leave finance was driven by the pursuit of a healthier, more fulfilling life. The industry must adapt to modern workplace expectations and undergo significant changes to retain its talent and appeal to the next generation, or it risks losing young professionals like myself.”
As financial professionals leave the sector, businesses are left worryingly vulnerable to fraud. 44% of finance professionals say their finance team alone is responsible for protecting the business against fraud, while 44% report invoice fraud as the most common type of fraud their business faces.
Furthermore, the survey found that businesses dealt with approximately 13 cases of invoice fraud each year, and when asked to quantify the financial loss to their business, financial professionals estimated it came to an average of £104,000 in the UK and $93,000 in the US.
A professional exodus also leaves businesses vulnerable to compliance issues and reduced operational efficiency. For instance, 33% of invoices require manual intervention despite current automation efforts, and 19% of finance professionals are unable to close their books on time, with the principal issue being paying supplier invoices.
However, it’s not all doom and gloom. As HR functions and operations address recruitment and retention for finance professionals, positives can also be found in the use of technology. As AI and automation is implemented across businesses, 54% say they have more time for innovative strategies, and 93% are satisfied with their organization’s adoption of AI.
For more information on finance teams and to read the full Financial Census report visit https://www.medius.com/financial-census/.
The post 60% of finance professionals plan to leave the sector as they advise Gen-Z to look for job opportunities elsewhere appeared first on HIPTHER Alerts.

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Bybit Web3 and Ignition Join Forces to Bridge the Gap Between Bitcoin and Ethereum

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Bybit, the world’s second-largest web3 platform by trading volume, breaks down barriers between Bitcoin and the Ethereum Virtual Machine (EVM) ecosystems with its partnership of Ignition. Supported by core contributors Mantle and Antalpha Prime, Ignition is paving the way for a low-friction and interoperable future. It extends Bitcoin’s functionality beyond its traditional role as a store of value and transforms it into a reliable asset for cross-chain integrations and diverse yield opportunities.
Bybit Web3 Wallet will support FBTC, an omnichain Bitcoin asset pegged 1:1 to BTC, introduced by Ignition. This strategic collaboration empowers users to unlock the full potential of Bitcoin within the thriving EVM ecosystem, reflecting Bybit Web3’s philosophy of openness, simplicity, and equality.
“We are thrilled to partner with Ignition, which aligns with Bybit’s mission to provide users with innovative and seamless DeFi solutions. By integrating Ignition and FBTC, we are not only enhancing liquidity and interoperability but also paving the way for a more inclusive and dynamic crypto ecosystem,” added MK Chin, Bybit Web3 Evangelist.
FBTC: Bridging the Divide between Bitcoin and non-Bitcoin Ecosystems in Web3
Introduced by Ignition, FBTC is an omnichain Bitcoin asset pegged 1:1 to BTC aimed at elevating Bitcoin’s accessibility and utility. As a secure, decentralized, and composable liquid Bitcoin asset with deep liquidity, $FBTC can be used at scale and easily integrated into various yield enhancement strategies like liquidity pooling, collateral, and staking.
Under Ignition, $FBTC’s growth will be driven by a comprehensive roadmap and strong developer support, ensuring its long-term success and sustainable growth.
Bybit Web3: A Partnership for Enhanced DeFi and User Opportunities
Bybit is at the forefront of adopting the Ignition ecosystem, reinforcing Bybit’s commitment to pioneering innovative solutions for the crypto community. Bybit Web3 users will now have access to a multitude of products and opportunities within the burgeoning Ignition space.
This integration unlocks a range of benefits for users:

Enhanced Liquidity: FBTC opens the door to increased liquidity, allowing users to trade and invest in Bitcoin with greater ease within the EVM ecosystem.
Diverse Yield Opportunities: Users can explore a variety of attractive yield-generating strategies with FBTC, maximizing the earning potential of their Bitcoin holdings.
Seamless Interoperability: FBTC bridges the gap between various blockchain networks, ensuring users can move their assets freely and efficiently.

Coming Soon: Swap and Staking on FBTC
Bybit Web3 users can look forward to using their Bybit Web3 Wallet to swap and stake on FBTC in the later half of July. For more information, please visit: https://www.bybit.com/en/web3/home
#Bybit / #TheCryptoArk / #BybitWeb3
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