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Ripple’s XRP Projected To Surpass $2.55 By December 2022 Following SEC Lawsuit Outcome

Ripple’s ODL Service On The Verge Of Reaching Global Coverage — And That’s Fiercely Bullish For XRP
The report, which was updated on May 4 entailed consulting a panel of 36 industry experts for their thoughts on how XRP will perform over the next decade should Ripple win or lose the case against the Securities and Exchange Commission (SEC).

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Orbital revolutionises corporate treasury with its innovative platform that combines traditional and cryptocurrencies alike.

Today, Orbital announces the launch of its new platform – an industry-first product that bridges the gap between traditional finance and digital asset treasury solutions, facilitating a regulated, secure, and frictionless experience for multinational corporates who operate on a global scale.

By leveraging cryptocurrencies and stablecoins, Orbital takes treasury solutions into a new era – by dramatically increasing speed of cross border payments and transactions, whilst at the same time substantially reducing costs, fees and hold-ups of the traditional system.

The unique platform is a single point of access to a range of tools needed to run a modern treasury operation, and the nexus that connects the corporate world with the new digital economy. These tools include:

  • Multi-currency accounts (USD, EUR & GBP) 
  • Foreign exchange
  • Global payments
  • Digital asset custody vaults (BTC, ETH, USDC, USDT plus more)
  • OTC trading
  • C2B crypto-commerce payment processing

Adoption of cryptocurrencies has been slow amongst corporates, held back by lack of internal knowledge, differing risk appetite, and mistrust of what can appear to be a daunting field. Orbital solves this by being the first to give parity to traditional financial services and digital assets, and the first to be developed by a trusted and regulated service provider with equal expertise in the world of transactional banking and digital assets.

Built by a team with hundreds of combined years of experience in financial services and payments technology, Orbital provides the quality of service, and strength of security demanded by enterprise businesses.

Commenting on the launch, Orbital CEO Chris Mason said: "In tandem with traditional financial services, digital assets represent the future of commerce. Orbital opens this world up to multinational corporations and enterprise organisations by integrating them seamlessly with their existing treasury operations.”

"Until now, multinationals had been forced to choose their crypto tools piecemeal from a range of providers in a range of territories - and to suffer the long onboarding and inefficient integrations that came with them.”

“Orbital is the solution: a fully-integrated treasury management platform that enables businesses to harness the power of cryptocurrency alongside the very best of traditional financial services."

ABOUT ORBITAL

Orbital is a hybrid fintech and crypto firm, employing over 150 people across ten countries. Powered by its principles of client-first design and exceptional service, alongside its passionate belief in cryptocurrency as an enabler of global business, Orbital is growing at a rate of more than 100% YoY. Headquartered in London, the business is licensed by the Financial Conduct Authority as an authorised payment institution in the UK, and as a virtual currency service provider in Estonia.

Visa Partners With VNPAY for Digital Payments Push in Vietnam

Visa has entered into a strategic partnership with Vietnamese electronic payment solutions provider VNPAY to enhance the digital payments experience in the country. The partnership aims to make cashless payment

The post Visa Partners With VNPAY for Digital Payments Push in Vietnam appeared first on Fintech Singapore.

TGV4 Plus leads investment round in decentralized mobility marketplace Iomob

True Global Ventures 4 Plus (TGV4 Plus), a venture capital firm focused on technology, announced today it has led the latest investment round in Iomob, which is building a decentralized protocol for the creation of the Internet of Mobility, an interoperable Mobility Marketplace Network With the new investment. Iomob will expand its engineering and commercial […]

The post TGV4 Plus leads investment round in decentralized mobility marketplace Iomob appeared first on CryptoNinjas.

Collaboration between banks and fintechs can bring faster speeds to the international payments space

Collaboration has driven considerable innovation in the international payments market in recent years.

Enhancing Indonesian state-owned enterprises (SOEs) through clustering

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JAKARTA, Mar 5, 2022 - (ACN Newswire) - President Joko Widodo (Jokowi) has given a period of one to two years for state-owned enterprises (SOEs) to make fundamental changes to increase their competitiveness.

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SOEs Minister Erick Thohir (ANTARA/HO-Kementerian BUMN/pri)

On October 14, 2021, Jokowi stated that he was pleased to witness the clustering of container terminal operator and port development firm Pelindo into one holding, which was PT Pelabuhan Indonesia, to cuts logistics costs and helps improve connectivity throughout Indonesia.

According to Jokowi, the clustering forms into one great power, as it builds networking with partnerships abroad. "Through partnering with overseas companies who have networks, the (SOEs') link to all countries can become a huge power," the president remarked.

Through clustering, SOE companies have shown above-standard or even excellent work performance that has contributed significantly to the state budget.

According to data from the National Development Planning Board (Bappenas) in 2019, the estimated total budget for infrastructure development in the period of 2020-2024 was US$447 million or Rp6,445 trillion, and 21 percent of them came from or supported by SOEs.

In the third quarter of 2021, the total assets of SOEs reached some US$610.5 million or Rp8,767 trillion, equivalent to some 57 percent of Indonesia's GDP.

Moreover, in January - September 2021, the total consolidated revenues were closed at Rp1,613 trillion, or grew 14% compared to the same period in 2020.

One of the efforts to enhance state firms' performances is through clustering and restructuring.

Clustering efforts have been accomplished by reducing the number of SOEs from 107 to 41, and sector clustering from 27 to 12, where two deputy ministers each oversee six clusters.

Currently, there are 12 sectors that 41 SOEs engage in: energy, oil, and gas; mineral and coal; insurance and pension funds services; plantations and forestry; and telecommunications and media.

Additional industries include the food and fertilizer industry, tourism and supporting services, health industry, manufacturing industry, infrastructure, logistics, and financial services.

On February 18, 2022, SOEs Minister Erick Thohir announced that he would again downsize the number of state-owned enterprises from 41 to 37 in the next two years.

In addition, he expressed his hope that the next SOEs Minister can complete the reducing program to only 30 state-owned enterprises. With a roadmap for a ten-year period, he has targeted to make the scope of state firms more manageable.

So far, the ministry has encouraged and carried out the SOEs transformation through reducing companies that are considered too large in number, and focusing on inefficient business sectors.

Under his leadership, the transformation is focused on human capital through replacing underperforming board of directors with better ones, so many state-owned enterprises can generate profits for the state.

Through restructuring, holdings, mergers, and acquisitions, Thohir has made SOEs' work performances more efficient.

According to Thohir, the SOEs Ministry distinguishes the strategy of the three pharmaceutical SOEs, where Bio Farma focuses on vaccines, Kimia Farma is focused on chemicals, and Indofarma on herbs. Indonesia has extraordinary potential in the herbal sector, but it has not been explored, so the SOEs Ministry had tried to re-map the path in developing it.

"We know that we import 90 percent of the raw material for medicines, and even medical devices. The COVID-19 pandemic has woken us up that we need to create a roadmap for Kimia Farma to focus on chemicals and Indofarma to be positioned on herbs," he explained.

Thohir said that since health and energy are under the same SOEs ecosystem, a connection between sectors needs to be built.

On the other hand, oil and gas firm Pertamina has begun to build petrochemicals, and one of the derivatives of petrochemicals is to create paracetamol. If Pertamina is merged with a health state firm into one ecosystem, Indonesia would no longer need to import paracetamol.

The ministry also consolidated and launched the tourism holdings and its sub holdings into one cluster, consisting of airport operator Angkasa Pura I and Angkasa Pura II, as well as some aviation and hotel companies.

Thohir put together the infrastructure construction SOE and cement SOE into one cluster, as he viewed that the two need each other and are expected to synergize.

Meanwhile, the tourism, logistics, and support cluster consists of Hotel Indonesia, temple tourism managing firm PT TWC, which manages the temples of Prambanan and Borobudur and Ratu Boko, and Indonesia Tourism Development Corporation (ITDC).

State-owned Bank Negara Indonesia (BNI) also announced that it relied on clustering to strengthen the distribution of smallholder business credits (KUR), as well as to help boost the productivity of Micro, Small, and Medium Enterprises (MSMEs) during the COVID-19 pandemic.

Moreover, on February 23, three state-owned companies have agreed to collaborate on building green industry clusters in Indonesia that will prioritize the efficient and effective use of sustainable resources. The three state firms are electricity company PT Perusahaan Listrik Negara (PLN), oil and gas company PT Pertamina, and fertilizer company PT Pupuk Indonesia.

The clustering efforts began in 2020, as many state firms decided to be merged. Thohir also significantly increased the performance target of SOEs to double their outputs in 2024, especially on profits, which are projected to reach some US$20.8 billion or Rp300 trillion.

To be successful

Performance of banks incorporated in the Association of State-Owned Banks (Himbara) throughout 2021 showed satisfactory results through well-implemented credit restructuring, economist and capital market practitioner Lucky Bayu Purnomo said.

According to Purnomo, credit restructuring has resulted in more efficient and effective management of operational expenditures. In December 2021, the total profit of Himbara banks shot up to US$5 billion or Rp72.05 trillion, significantly increasing by 78.06 percent, compared to 2020 at US$2.8 billion or Rp40.34 trillion.

Thohir said each Himbara bank has a specific business focus, such as BRI prioritizes the MSME and ultra micro-segments, Mandiri is dedicated to enhancing the national corporates and entrepreneurs, BNI on international business, and BTN focuses to reduce backlog numbers and help people, including millennials, to make it easier to purchase a home.

"We hope that Himbara's role can be more prominent and become the main national economic driver through enrichment in various segments that provides positive impacts for stakeholders and Indonesian society," he said.

Previously, SOE holdings that had been formed were plantation holdings under PT Perkebunan Nusantara III, forestry holding under Perum Perhutani, fertilizer holding under PT Pupuk Indonesia, and cement holding under PT Semen Indonesia.

Under Thohir's leadership, the holdings of SOEs that have been completed are the mining holdings under Mining Industry Indonesia (MIND ID), oil and gas holdings under PT Pertamina, pharmaceutical holdings under PT Biofarma, state-owned hospital holdings under Pertamedika IHC, insurance and underwriting holdings Indonesia Financial Group (IFG), and tourism and aviation holdings under Aviasi Pariwisata Indonesia or InJourney.

Fixing SOEs through the establishment of holdings is a task that must be carried out sustainably to yield powerful government-owned corporations that can compete on the international stage.

Photo: ANTARA / HO-Kementerian BUMN / pri
Reporter: Kenzu Tandiah; Editor: Rahmad Nasution (c) ANTARA

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comPresident Joko Widodo (Jokowi) has given a period of one to two years for state-owned enterprises (SOEs) to make fundamental changes to increase their competitiveness.

TripActions continues European expansion with third acquisition, Resia

Scandinavian travel management company Resia is TripActions' third acquisition in Europe.
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STACS Appoints New Chief Commercial Officer, Aims to Raise More Funds

STACS (Hashstacs), a blockchain-based fintech firm focused on Environmental, Social, and Governance (ESG), has appointed Sharon Yuen as its new Chief Commercial Officer to lead business development and sales efforts.

The post STACS Appoints New Chief Commercial Officer, Aims to Raise More Funds appeared first on Fintech Singapore.

UMP Healthcare Offers Free Telemedicine Service to COVID-19 Patients

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HONG KONG, Feb 23, 2022 - (ACN Newswire) - UMP Healthcare Holdings Limited ("UMP" or the "Group"; SEHK: 722) has announced that its affiliate, UMP Charity Foundation Limited (the "Charity Foundation"), will donate first batch of donation of HK$500,000 to support patients diagnosed with COVID-19 through the provision of free medical video consultation, or 'telemedicine' services and the expansion of the Sinovac vaccination service at the Group's medical centres. It is anticipated that at least 10,000 people in need will benefit from these services in the next month. An additional donation may be committed when needed.

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Telemedicine service allows patients to get the doctor's immediate advice without leaving home.

As the number of new COVID-19 cases rapidly increases, patients with confirmed infections are stuck at home waiting for hospital admission or in isolation, and many elderly people, adults, and children urgently need medical consultations. UMP will provide free telemedicine services for relevant patients in response to current needs and the Hospital Authority's call to support anti-epidemic efforts. Patients who have been confirmed infections, preliminary infections or have self-tested positive using rapid antigen tests can register online for the service. A video consultation with a doctor will be arranged during designated service hours and they will be provided with any required medication if necessary. The consultation could help to alleviate patients' concern and enable them to receive treatment without leaving their home. Donations from the Charity Foundation will fully subsidise the costs of the consultation services, medicine and support for all related matters.

In addition, given the rapid increase of vaccination demand, 11 of the Group's medical centres are gearing up to support the Sinovac vaccination service. UMP will also set up an additional vaccination point at the UMP Wellness & Metabolic Centre in Central to provide extra services for seniors and children, who are considered priority groups for protection. There will be specialist doctors and registered nurses in attendance at the centre to evaluate those who wish to be vaccinated and confirm their recommendations. They will also answer questions and follow up with those who have received the vaccination, reducing anxiety and worries of those in need.

Dr. Sun Yiu Kwong, Chairman and CEO of UMP, and Director of UMP Charity Foundation, said, "UMP hopes to fulfil its responsibilities as a corporate and professional medical institution to help the public amid the severe epidemic in Hong Kong. Our medical team is also ready to do its best to reduce the pressure on the public medical system, provide support to those in need and have a positive impact on society. Meanwhile, we express our condolences to those affected by the epidemic and hope that our actions can provide immediate warmth."

Telemedicine service hours are Monday to Friday, 9am to 6pm, with limited service available in the evenings and Saturdays. To register, please visit https://bit.ly/3H2IzY8.

Sinovac vaccination services are provided at the following locations. Service hours vary by individual centre. For enquiries, please call the respective medical centre.

UMP Medical Centre (Central)
Address: 14/F, Wing On House, 71 Des Voeux Road Central
Phone: (852) 2840 1636

UMP Wellness & Metabolic Centre (for seniors and children)
Address: Room 1603, 16/F, Wing On House, 71 Des Voeux Road Central
Phone: (852) 2507 2656

UMP Medical Centre (Causeway Bay)
Address: Room 1901C, 19/F, East Point Centre, 555 Hennessy Road, Causeway Bay
Phone: (852) 2811 8218

UMP Medical Centre (Wanchai)
Address: Room 1109, Office Tower, Convention Plaza, 1 Harbour Road, Wan Chai
Phone: (852) 2824 0018

UMP Medical Centre (Jordan)
Address: Room 03-04, 15/F, 238 Nathan Road, Jordan
Phone: (852) 3549 6833

UMP Medical Centre (Tsim Sha Tsui)
Address: Room 7, 10/F, Wing On Plaza, 62 Mody Road, Tsim Sha Tsui East
Phone: (852) 2369 9536

UMP Medical Centre (Olympic)
Address: Unit 2, 1/F, Skyway House,3 Sham Mong Road, Taikoktsui
Phone: (852) 2740 4319

UMP Medical Centre (Kwun Tong)
Address: G/F, 183 Hip Wo Street, Kwun Tong
Phone: (852) 2855 8098

UMP Medical Centre (Kowloon Bay)
Address: Shop F, G/F, Tak Bo Garden, 3 Ngau Tau Kok Road, Kowloon Bay
Phone: (852) 2751 9339

UMP Medical Centre (Tsuen Wan)
Address: Shop 1070, Level 1, D-PARK, 398 Castle Peak Road, Tsuen Wan
Phone: (852) 2940 1338

UMP Medical Centre (Shatin)
Address: Shop 9, G/F, Ming Yiu Lau, Jat Min Chuen, Shatin
Phone: (852) 2634 1812

UMP Medical Centre (Park Island)
Address: G/F, No.21 Ma Wan Main Street Village East, Ma Wan
Phone: (852) 2986 3880

About UMP Healthcare
www.ump.com.hk

Founded in 1990, UMP Healthcare Holdings Limited is one of the largest and longest listed medical groups in Hong Kong, and is listed on the main board of the Hong Kong Stock Exchange (stock code: 722.HK). The company has been providing trusted and affordable medical services for 32 years, giving people peace of mind to focus on living their lives to the fullest without worrying about their health. The company is committed to helping people improve their health and winning the fight against the epidemic together.

In addition to healthcare services that cater to diverse individual needs, UMP works closely with corporates and insurance companies to customize and administer corporate healthcare benefits plans for their members. The current UMP network boasts more than 1100 self-owned and affiliated medical service points across Hong Kong and Macau, providing services including family medicine, specialist consultation, dental care, diagnostic imaging and laboratory, preventive medicine and health assessment, day surgery and endoscopy.



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comUMP Healthcare Holdings Limited ("UMP" or the "Group"; SEHK: 722) has announced that its affiliate, UMP Charity Foundation Limited (the "Charity Foundation"), will donate first batch of donation of HK$500,000 to support patients diagnosed with COVID-19 through the provision of free medical video consultation

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Barclays and Oracle FS team up for virtual account management project

The large-scale VAM project aims to deliver "more capability to corporates".

Mlytics launches AI-powered digital experience delivery platform to fix site outage and security issues

MLyticsTowards the end of 2021, the Facebook (now Meta) family of apps cost the company nearly $100 million in revenue thanks to a six-hour-long outage. In addition to revenue losses, it drove millions of users to rival platforms, such as Twitter, Telegram, and Signal. The problem of website downtime is

ION champions global tech talent with inaugural hackathon

Through IONathon 1.0, ION is inviting teams and individuals to challenge convention, showcase their skills without limits, and put forward ideas for industry-transforming technology.

(PRWeb February 16, 2022)

Read the full story at https://www.prweb.com/releases/ion_champions_global_tech_talent_with_inaugural_hackathon/prweb18502319.htm

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