Netcetera AG: Tokenization benefits now available to GPE merchants in Europe

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  • eCOM Tokenizer of G+D and Netcetera to secure online shoppers’ privacy< >and boost e-commerce businesses.

< >ZURICH, SWITZERLAND – EQS Newswire – 26 September 2023 – GPE (Global Payment Europe) and the e-commerce payment expert, Netcetera, are forging an even stronger alliance to elevate the shopping experience for countless customers across Europe and strengthen the trust in the online payment ecosystem. By introducing the beneficial payment technology, network tokenization, powered by Netcetera and the global security technology group, Giesecke+Devrient (G+D), GPE affirms its commitment to remain at the forefront of payment innovation.

Network tokenization is a technology that ensures merchants and consumers can use the latest developments in digital payments. On average, every merchant faces a 6% monthly expiration of their customer accounts, severely impacting the payment flows and the conversion rates. To increase the conversion by keeping the credentials always up-to-date and enhancing the security, GPE introduced card network tokenization using the innovative and award-winning eCOM Tokenizer of Netcetera and G+D. The eCOM Tokenizer acts as an aggregator service, seamlessly connecting GPE’s payment gateway, GP webpay, with token services offered by major card networks such as Mastercard Secure Card on File and Visa Token Service. It enables tokenization of the card data for all the Cards on file and Recurring payments.

This step is expected to yield remarkable benefits for merchants, including a 3-5% increase in approval rates, primarily due to better risk scoring and approvals by card issuers. By securely storing and processing customer payment information, the eCOM Tokenizer solution significantly reduces the risks associated with fraud and data breaches.

GPE has witnessed a remarkable conversion rate improvement during the first weeks of operations. This improvement can be attributed to the automatic renewals of the card data in case of lost or stolen cards and the enhanced security features that have reinforced customers’ trust. “It’s our responsibility to offer our merchants and online shoppers a secure and seamless experience. Therefore, we once again turned to Netcetera and its card network service to safeguard the interests of our customers and end-cardholders. Together, we lay a solid foundation to future-proof our services against the evolving needs of the market and the online shoppers.” – commented Vaclav Kerka, Director of E-commerce Solutions at GPE.

Recognizing the importance of network tokenization, card networks have introduced financial incentives for processing tokenized transactions. Acquirers not adopting this technology will face performance fees for PAN-approved Authorizations.

The role of Network Tokenization in preventing false declines is undeniable, with market predictions suggesting that it will facilitate 85% of all global e-commerce transactions by 2028.

Peter Frick, Manager of Secure Digital Payment at Netcetera, emphasized: “It’s a privilege and an inspiration to serve a valued partner like GPE. As they continue to expand and thrive, so do we. Collaborating with forward-thinking partners like GPE allows us to push boundaries and gain fresh insights continually.” The partnership’s mission is clear: to elevate cardholders’ experience and pioneer innovative, reliable, and human-centric solutions that enhance every aspect of the online payment landscape.

Hashtag: #NetceteraAG

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Alibaba Cloud Unveils New Services to Solve Generative AI Development Issues for Global Customers

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HANGZHOU, CHINA – Media OutReach – 26 September 2023 – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced a series of innovative AI products and services at the 2023 Alibaba Cloud Global Summit. The comprehensive set of new products are designed to meet the burgeoning demand for Generative AI development from customers worldwide.

The extensive AI solutions from Alibaba Cloud, spanning from AI computing platforms to AI acceleration services and AI-centric applications, are designed to assist customers in creating their own Generative AI applications in a more efficient, security-focused, and cost-effective manner.

Selina Yuan, President of International Business, Alibaba Cloud Intelligence Group, said: “To cater for the thriving demand for generative AI, we are constantly introducing innovative products and services to tackle different pain points of our global customers. Our comprehensive AI services are designed to help customers seize the unparalleled opportunities offered by this unstoppable technology trend.”

“As part of our commitment to foster more inclusive and innovative application development for generative AI, we have been joining forces with industry leaders to further extend our capabilities for different scenarios, ” added Yuan.

Comprehensive AI Services for Generative AI Development

  • To reduce AI process complexity, Alibaba Cloud introduced PAI-Lingjun Intelligent Computing Service, a comprehensive AI computing platform for high-performance computing tasks, such as foundation model training and inference. It offers large-scale deep learning and intelligent computing capabilities on Alibaba Cloud. The service also provides full-process AI engineering capabilities, including AI development, AI training, AI role management, and computing resource management. The platform, already in use in Mainland China, will be available in Singapore from early 2024, followed by more general availability across Asia throughout the year.
  • To accelerate AI model training and inference, Alibaba Cloud launched Alibaba Cloud AI Acceleration Solution, which uses leading datasets and hardware accelerators to manage data-intensive applications, optimizing the utilization of computing instances to expedite AI model training and inference tasks. According to the Stanford DAWN Deep Learning Benchmark, it can speed up AI model training by 70% and inference by up to three times. The solution includes layers for cloud-native AI suite, AI job scheduling, AI data acceleration, AI computing acceleration engine, resource scheduling, and computing resources, with each layer offering specific acceleration solutions for different scenarios.
  • To simplify building AI-based search service, Alibaba Cloud unveiled OpenSearch LLM-Based Conversational Search, its proprietary large-scale distributed search engine that enables intelligent search services in e-commerce, multimedia, social media, and big data queries in enterprises. Empowered by large language models, the service allows enterprises to rapidly build a dedicated conversational search system, ensuring security, accuracy, and reliability in search results. It also supports multimodal search results such as answers, URLs, and images to cater to specific business search requirements.

Technology Partnership to Foster Innovative Application Development

Alibaba Cloud announced a series of partnerships with global technology leaders to offer customers more advanced and security-focused cloud services, accelerating their digital transformation journey:

To promote innovative application development for enterprises, Alibaba Cloud collaborates with Red Hat to make Red Hat OpenShift, a platform for building, deploying and managing applications at scale, deployable on Alibaba Cloud. Red Hat OpenShift on Alibaba Cloud combines the industry’s leading hybrid cloud application platform powered by Kubernetes with Alibaba Cloud’s robust hybrid infrastructure. Optimized with full-stack automated operations, it offers a more consistent experience across environments to help customers boost productivity more effectively.

Accelerate Digital Transformation for Global Customers

Alibaba Cloud also announced collaborations with enterprise customers in markets including Malaysia, South Korea, United Kingdom and United Arab Emirates, underscoring its unwavering commitment to its over 4 million global customers in exploring new opportunities presented by digital transformation and new AI trends.

Hashtag: #AlibabaCloud #AlibabaCloudGlobalSummit2023

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“NIA – BMA” Join Hands with Private Sector to Transform ARI into “Bangkok’s Sandbox – Cognitive Innovation District”, Connect with Partners & Capitalize on ARI’s 4 Types of Assets through “ARITech” to Create Innovations & Attract Foreign Investments

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BANGKOK, THAILAND – Media OutReach – 26 September 2023 – The National Innovation Agency (Public Organization) or NIA has collaborated with the Bangkok Metropolitan Administration (BMA) to develop ARI Innovation District with ARITech, which covers AI, Robotics, and Immersive and IoT Technology, for the goals of driving the growth of the district and transform it into a cognitive city. Four key components for the development are economic assets, physical assets, network assets, and digital assets. ARI Innovation District or ARID will be developed as a new economic hub to accommodate innovative businesses, investments by the public and private sectors, as well as global tech firms. ARID is expected to pilot as an innovation sandbox in its mission to stimulate the investments of infrastructure crucial to the development of practical technologies. In support of this mission, ARID Hackathon 2023: Innovation for well-being was held. The top winner from the contest is PARK :D, which presented “Parking Lot – Sharing” platform as a means to improve transport connectivity. The award-winning idea will be developed further and used as an innovation for ARID.

< >Mr. Sanon Wangsrangboon, deputy governor of Bangkok, reveals that BMA and NIA have shared the goal of making the Thai capital a pleasant place to live in via policy formulation and implementation. To achieve this goal, it is important to use innovations in not just easing or solving problems but also leveraging existing good resources for enhanced livability and added value. ARI is a strategic area, which is now being upgraded into “innovation district”. The upgrade marks an important beginning of its journey to become more livable with better housing, convenient public services, modernity, and a town plan that well supports tech-driven businesses. ARI can ride on its ranking as one of the world’s best neighborhoods for its transformation into a top innovation district at an international level and its comprehensive integration of innovations.

“Bangkok is not just a tourist or a residential city. It is important to note that on the basis of supportive ecosystem for startups and innovations, Bangkok ranks among the best in the world. This year, Bangkok’s ranking in this regard also improves significantly. Such outstanding progress underlines the fact that the Thai capital is innovative in many aspects and enjoys urban growth, which are driven by its innovation districts and their strengths. So far, many other neighborhoods may need innovations too. BMA therefore is playing a role as a facilitator via regulation, bridging and integration in a way that boosts confidence in the possibility of innovation usage. Our efforts cover the development of innovation districts, which focus on impacts on people, city, economy, and new opportunities”.

Mr. Chanwit Rattanarasri, director of Innovation Infrastructure Department at the NIA, says his agency has laid down guidelines to pursue and distribute area-based innovation development at regional, city, and district levels. The development focuses on three dimensions: the promotion and development of Innovation Infrastructure, the development of City Innovation & Innovative City which include promoting community participation; and bridging and integration across relevant organizations in key dimensions. Moreover, NIA seeks to bring Deep Tech to various areas including ARID or ARI Innovation District in Bangkok’s Phaya Thai District. While being home to many people, ARID is also an outstanding economic hub, supports business establishments, facilitates the usage of infrastructure, and addresses many pain points in a way that fosters the development of new technologies.

“NIA, in collaboration with BMA and partners in both private and public sectors as well as communities in ARID, aims to increase ARITech’s role in developing ARID and promoting startups in this district in a hope that public services become really inclusive. After our collaboration started in 2020, we have found that ARID has important components. If these components are well-integrated, ARID will definitely progress further. These components are: 1) Economic assets or companies, researches, and startups related to ARITech that are scattered across this area and include world-famous firms like IBM, Forth Corporation and AIS; 2) Physical assets such as ARID’s city-center location, convenient access to public transport systems, and mixed use of spaces; 3) Network assets from entrepreneurs, government agencies, and civic organizations that have come together because of their shared goal of developing ARID; and 4) Digital assets that are available in the form of electronic data on electronic networks including databases or widely-used platforms”.

Mr. Chanwit adds that in 2023, NIA, BMA, and partners aim to establish ARID as a “Cognitive City”. Therefore, they will together expedite the development or adoption of Deep Tech to enhance ARID’s strengths and let it shine as a new economic hub for innovative businesses, investments by public and private sectors, as well as international tech firms. Also, NIA, BMA and partners aim to strengthen ecosystem for innovations by developing ARID as an innovation sandbox where infrastructure for technology development will be developed and used to solve city problems, increase the value of ARID’s physical assets, and foster collaborations among relevant organizations. In line with these plans, NIA organized ARID Hackathon 2023: Innovation for well-being to promote, build, and develop the sandbox where innovations will be tested. The contest focuses on the environment, connectivity, and safety. Out of the 36 teams that participated, 5 teams made it to the finals and joined the contest’s mentoring activity and pitching. PARK 😀 emerged as the top winner thanks to its presentation of Parking Lot – Sharing platform, which promises to enhance transport connectivity. Its idea will be developed further as a protype for testing in ARID.

If you need more information, please visit https://ari.district.earth or https://www.facebook.com/ARI.Innovation.District.

Hashtag: #NationalInnovationAgency #NIA

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Supporting the 2023 New Zealand General Election

Source: Google

Image: Google Doodle for Election Day


Come October 2023, New Zealanders will take to the polls to vote in the General Election to decide who we want to represent us and our communities in Parliament. 

To support the democratic process, Google is bringing more openness to election advertising online, and helping connect people to useful and relevant election-related information. Here is how we will be providing support:


Helping voters find the information they need

In the build-up to elections, people need helpful and authoritative information to help them navigate the electoral process. For the New Zealand election in 2023, we will make electoral information from the Election Commission and other authoritative sources – such as how to vote and where to vote – easily discoverable on Search and YouTube.

Google News Lab will continue to publish the latest Search Trends related to the Election, across politicians, policies and parties, to support newsrooms with their coverage of the election period. In addition to the bespoke microsite, News Lab will be issuing weekly Trends Alerts from the beginning of September to highlight the areas that Kiwis are interested in, which anyone can sign up for here


Helping people better understand the election advertising they see

Google’s goal has always been to support election integrity by providing transparency into the political advertising spend on our platforms. For the second time during our local General Election a publicly accessible Transparency Report is live, showing election ads run by verified advertisers. Our goal is to make this information as accessible and useful as possible to citizens, practitioners, and researchers. We’re working with political parties to help them understand digital best practices and will be sharing Google’s ads policies with parties and candidates.

On YouTube, we have expanded information panels giving topical context in New Zealand and across the region. Now, when Kiwis search videos on certain topics prone to misinformation, they’ll see an information panel at the top of their search results or under a video they’re watching which includes links to additional info and context from authoritative third-party sources.


Helping to build media literacy with the Google News Initiative 

We help voters find reliable, useful election-related information online and we also work hard to prevent election interference by being on the front foot and educating stakeholders on how to spot disinformation through media literacy programmes.

As part of our ongoing commitment to the New Zealand media industry we partnered with CrossCheck at RMIT FactLab to launch RMIT Fact Lab Workshops. These immersive and interactive trainings help newsrooms and community media learn skills to analyse online information during the Election period.

In addition, we have partnered with Squiz Kids, a daily news podcast for school children, designed to teach students how to recognize online fact from fiction through a plug-and-play teaching resource. 


Our mission is to make the world’s information accessible and useful, and during this election period, we want to surface the facts and help audiences get more context on information they find online. We will continue to invest in initiatives that build further on our commitment towards election transparency, and we are grateful for our partners, and the work we do together in this space. 


Post content

Luxury brands deploy diverse, innovative content strategies to accelerate online content platform businesses

Source:

HONG KONG SAR – Media OutReach – 26 September 2023 – Ocean Engine, Douyin E-commerce, and Ocean Insights, in collaboration with Deloitte China, released their inaugural white paper on China’s luxury market. Douyin Luxury Gravitational Center – 2023 Douyin Luxury Industry White Paper provides businesses with valuable industry insights, marketing inspiration, and e-commerce strategies through an in-depth examination of China’s luxury market and Chinese consumer behavior, and analysis of Douyin’s core strengths and successful case studies.

By summarizing luxury brands’ success stories in the Douyin ecosystem, the white paper highlights their various stages of development in the Chinese market to help them achieve future sustainable growth on Douyin.

After a dip in 2022, Deloitte forecasts that China’s luxury market will hit RMB580 billion this year, accounting for 25% of the global total. Furthermore, China’s market share is expected to rise to 40% by 2030, surpassing Europe and the Americas to become the largest single market globally.

This will be driven by the continued consumption willingness of high-net-worth individuals, new incremental volume brought by the post-90s generation, extended reach through online channels, and the optimization of pricing, products, and marketing by brands. Jewelry, watches, and bags are the strongest-growing segments due to their investment potential and asset preservation, the rarity of their brand and design elements, and versatility.

Tianbing Zhang, Deloitte Asia Pacific Consumer Products & Retail Sector leader, says, “In 2023, China’s luxury sector is on a trajectory for a robust recovery, solidifying its position as a critical market in the global brand landscape. Our analysis indicates a maturing Chinese consumer base, where luxury items are increasingly seen not merely as social capital, but as assets for personal enjoyment and long-term investment. On the channel front, the accelerated digital transformation of China’s luxury marketplace has elevated online platforms into indispensable touchpoints along the consumer journey. Looking ahead, the future competitive advantage for brands will hinge on deploying diverse and innovative content strategies.”

Multiple touchpoints, rich content, and a complete value chain in China’s digital landscape are building a distinctive local luxury ecosystem. Chinese luxury consumers are shifting to more diverse online platforms, with 53% having purchased via online channels, including official brand websites (48%), official flagship e-commerce stores (43%), content platforms (39%), and luxury e-commerce platforms (26%).

Online content platforms have become integral to the luxury consumer journey, with 34% of consumers believing short video product descriptions are more detailed and 28% stating that short videos have richer content. Apart from product reviews and unboxing, Chinese consumers also want to understand the story behind a brand. Short videos and livestreams are the best carriers for this authentic content with stories, surprises, and fun. Thanks to its distinctive content creation and distribution system, Douyin has amplified the luxury industry’s voice within its ecosystem.

Xueqin Wang, vice president of the Ocean Engine Consumer Goods Business Center, adds, “In recent years, the digitalization of the global luxury market has been transformative, fundamentally altering consumer behavior within an increasingly digital content ecosystem. Short-format video, a vital content medium, is progressively ingrained in consumer interest cultivation and purchase decision-making. Douyin, one of China’s leading short-video platforms, is setting new standards in online marketing efficiency through data-driven insights, key performance metrics, and strategic optimization. In collaboration with Ocean Engine, a comprehensive data and content platform, and Deloitte, we offer a tailored approach enabling luxury brands to precisely identify their optimal business channels and consumer touchpoints. This strategic alignment serves to bolster market sustainability in China.”

According to the white paper, Chinese consumers rank easy to wear every day (49%), self-rewarding (47%), and fashionably designed (35%) as the top three considerations when buying luxury. Douyin E-commerce achieved exponential growth in gross merchandize value (GMV) and paid users and merchants over the first half of 2023, with GMV surging even higher during festivals and shopping seasons like Qixi Festival and Valentine’s Day, underlining the effectiveness of emotional marketing.

Qing Mu, vice president of Douyin E-Commerce, says, “Douyin E-commerce has been upgraded from interest e-commerce to omnichannel interest e-commerce. By skillfully merging compelling content that sparks shopping interest with a well-designed product shelf catering to active consumer needs. Douyin offers a holistic approach to the consumer journey, unlocking significant growth opportunities. Over the past two years, numerous brands have ventured into Douyin’s ecosystem, rigorously testing and validating its business models. By utilizing a well-curated mix of high-quality content, superior service, and officially authenticated products, these brands effectively satisfy the diverse consumption patterns of Douyin’s user base. This creates a streamlined, end-to-end consumer experience, from brand engagement to transaction conversion. The synergy between luxury brands and Douyin E-commerce promises a future filled with potential.”

Webin Lin, head of Ocean Engine Business Analysis, adds, “As of the first half of 2023, Douyin stands as a pivotal channel in China’s luxury narrative, captivating an impressive 150 million users with a keen interest in high-end products. Notably, 73% of China’s luxury consumer base actively engages with Douyin, a statistic unmatched by any other platform regarding reach, brand engagement, and conversion rates. As we move forward, we are eager to collaborate with brands to effectively communicate the nuanced attributes of luxury – elegance, intelligence, and heritage – through the expansive reach of Douyin.”

Crystal Wang, Deloitte China Consumer Products & Retail Sector Financial Advisory leader, concludes, “As Chinese luxury consumers’ mindset and channel preferences continue to evolve, the key to success lies in delivering excellence at every touchpoint by understanding their deeper needs for products, content, and services.”

Click here to read the white paper.

Hashtag: #DeloitteChina

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– Published and distributed with permission of Media-Outreach.com.

HKSTP and Global Entrepreneurship Network Join Forces to Propel Innovators from 200 Markets to Success Across the World

Source:

HONG KONG SAR – Media OutReach – 26 September 2023 – The Hong Kong Science and Technology Parks Corporation (HKSTP), has joined forces with the Global Entrepreneurship Network (GEN) to lead aspiring innovators to global growth opportunities, and extend Hong Kong’s innovation ecosystem to GEN’s 200 markets around the world. HKSTP led a delegation to Australia and attending the Global Entrepreneurship Congress 2023 in Melbourne to explore collaboration opportunities and ignite market discovery initiatives.

< >GEN is a global community that fosters deeper cross-border collaboration and initiatives between entrepreneurs, investors, researchers, policy makers and entrepreneurial support organisations, to make it easier for anyone, anywhere to start and scale a business.

In July this year, John Lee, the Chief Executive of HKSAR, witnessed an MoU signed by Jonathan Ortmans, GEN Founder and President and Dr Sunny Chai, Chairman of HKSTP, committing the two parties to support entrepreneurship across ASEAN countries. To expedite the partnership, HKSTP joined GEC 2023 in Melbourne from 19-22 September with a delegation of fast-rising startups and business leaders from Hong Kong. The delegation highlighted Hong Kong’s world-class I&T ecosystem and potential for collaboration with their counterparts from GEN’s global network. The infusion of new talent and ventures will further boost Hong Kong’s mission towards an international I&T hub, creating opportunities for all innovators.

Ir Dr HL Yiu, Chief Corporate Development Officer of HKSTP, said, “HKSTP is committed to growing collaboration with the worldwide innovation community through our partnership with GEN. Entrepreneurs all face common challenges in the startup-to-scale-up journey and Hong Kong’s unique integrated innovation ecosystem provides funding, R&D, talent and go-to-market opportunities to the world. Both HKSTP and GEN share the same vision of fostering global innovation, collaborating and growing our respective ecosystems to reach new levels of success.”

The collaboration with GEN commits both parties to exchange programmes and activities to drive cross-border and cross-sector collaboration with a focus on Green Tech, Life Sciences, Advanced Manufacturing, SmartCity, Mobility, AI, and Fintech. GEN’s annual flagship events such as Global Entrepreneurship Week and the Global Entrepreneurship Congress, provide ideal platforms to expand Hong Kong’s I&T ecosystem to new markets.

“GEN is committed to connecting entrepreneurs to opportunities that help them start and scale,” said Jonathan Ortmans, Founder and President of the Global Entrepreneurship Network. “We are proud to be deepening collaboration with the HKSTP to advance the interest of both local and global founders.”

The HKSTP Australia delegation leveraged the Global Entrepreneurship Congress, which featured three days of actionable intelligence from various sectors. It gathered thousands of voices, from 200+ countries to participate in creating an inclusive global ecosystem by networking, learning and sharing. The delegation also met with representatives from the startup community, universities, government bodies and investors in Australia to further explore business and collaboration opportunities. In addition, the delegation shared experiences and exchanged ideas with Australian tech ventures who are interested in learning and exploring the Hong Kong market.

HKSTP also introduced its Market Discovery Programme in Hong Kong and shared details with enterprises interested in expanding into Hong Kong, the GBA and mainland China markets. The two-day intensive Market Discovery Programme will be held in Hong Kong on 6-7 November 2023, packed with seminars, tours and networking opportunities to connect entrepreneurs with experts, investors, corporate leaders as well as entrepreneurs with past success in expanding their business within the region. The by-invitation programme is free-of-charge and participants can experience a stay at the Science Park’s InnoCell smart living co-creation space to spark collaboration with Science Park’s I&T talents.

For details, please visit: www.hkstp.org/our-community/events-and-happenings/expand-in-china-with-confidence/

Hashtag: #HKSTP

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WRISE Group Appoints Group COO and Group Head of Risk & Compliance to Strengthen Commitment to Core Business Fundamentals

Source:

HONG KONG SAR – Media OutReach – 26 September 2023 – WRISE Group today announced the appointments of Helen Lam as Group Chief Operating Officer (“COO”), and Gaven Koh as Group Head of Risk and Compliance of WRISE Group. Both positions are effective immediately.

The appointments come amidst a pivotal juncture for the Group, aligning with its regional expansion strategy, while reinforcing WRISE’s dedication to building core fundamentals such as governance, risk management, and compliance.

Both roles will enhance the Group’s operational effectiveness and its ability to meet regulatory compliance standards, further bolstering the organisation’s efficient and effective day-to-day operations amidst continued growth across Asia.

Control and governance of the WRISE Group, alongside the implementation of robust risk management measures, are crucial in WRISE’s growth plans and strategy as we continue to serve clients and expand across markets. Ms. Lam will ensure oversight of the governance and operations of the Group, and Mr Koh will manage all compliance-related requirements of internal and external stakeholders such as risk assessments, frameworks, policies and guidelines. Both report to Derrick Tan, Chairman, WRISE Group.

“Helen and Gaven possess extensive experience and deep industry knowledge that will boost WRISE’s growth momentum. I am confident that they will play vital roles in strengthening WRISE’s capabilities and elevating the services we provide for clients globally. The appointment of such key roles within WRISE also reflect our commitment to investing in core principles and strong fundamentals to build our business,” said Derrick Tan, Chairman, WRISE Group.

“I am excited to join the team at WRISE, and I look forward to working with WRISE’s leadership team to contribute to the continued success of the company. With Asia’s growing wealth management market, there is no better time to help ultra-high net worth individuals and family offices navigate market complexities with WRISE’s unique platform and offerings,” said Ms. Lam.

“I look forward to working closely with Derrick, Helen and the team at WRISE to cultivate a strong culture of compliance and risk resilience. It is not just corporate responsibility, but also an opportunity to fortify our foundation and empower WRISE Group’s growth journey,” said Mr. Koh.

Ms. Lam brings over 20 years of experience as a veteran in the wealth management industry, having assumed leadership responsibilities at prominent financial institutions in Hong Kong. Prior to joining WRISE, Ms. Lam spearheaded strategic business operations at the Bank of Singapore Hong Kong branch, responsible for overall control and governance of the business, including managing audit reviews and front-office compliance matters. She also held high-level management positions and drove transformative efforts across compliance, controls and risk management for financial institutions including Citi Private Bank Asia Pacific and Deutsche Bank A.G. Hong Kong.

Mr. Koh has over 12 years of experience in the private banking industry, with a proven track record in risk control, compliance, transactions monitoring and investigations. Prior to joining WRISE, he led a team at Credit Suisse AG of 30 compliance analysts across Asia Pacific. Mr Koh has held leadership positions at various financial institutions in Singapore, managing teams across client review and monitoring, and anti-money laundering functions. Before joining the financial sector, Mr Koh was formerly an investigation officer with the Commercial Affairs Department under the Singapore Police Force.< >

Hashtag: #WRISEGroup

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China’s Gutian County successfully held the Forum on Master Yuanying and the Sinicization of Religion following its debut on the NASDAQ screen

Source:

GUTIAN, CHINA – Media OutReach – 26 September 2023 – In a continued effort to promote the integration and development of Chinese and world civilizations, Gutian County is proud to host the Forum on Master Yuanying and the Sinicization of Religion from September 25 to 27.

< >Set against the scenic backdrop of Cuiping Lake, this event with the “Wisdom Mutual Learning · Harmony and Integration” theme has participants from all corners of the globe. Representatives of governments, Chinese compatriots from Hong Kong, Macao, and Taiwan, overseas Chinese, and prominent monks and scholars studying the Sinicization of Buddhism from around the world, and enthusiasts of Yuanying culture, gathered in Gutian to actively engage in cultural exchanges and enhance mutual learning among civilizations.

Master Yuan Ying is a patriotic monk and Buddhist leader in modern China. He always adheres to the spirit of ” compassion, fearlessness, and selflessness” and has made many contributions to the development of Buddhist culture around the world. As the birthplace of Master Yuanying, Gutian relies on the forum activities of Master Yuanying and the Sinicization of Religion to fully inherit and promote Yuanying culture. While polishing the cultural card of “Patriotic Monk Yuanying’s Hometown”, it promotes Buddhist cultural exchange and enhances mutual learning among world civilizations.

Having recently showcased its cultural and historical gems on the NASDAQ screen in Times Square, New York, Gutian County continues to receive international attention. The promotional video displayed in Times Square before the beginning of the forum not only celebrated Gutian’s legacy as the “capital of edible fungi in China” and the “hometown of Hydropower” but also highlighted its deep-rooted cultural significance.

The video encapsulated the spirit and essence of Gutian County, shining a spotlight on the radiant Chinese civilization. As Gutian intertwined its majestic landscapes with its rich history, it stood as a testament to the deep-seated culture, ultimately allowing the unique charm of Oriental culture to unfurl to the world. With Gutian’s debut on the NASDAQ screen, the brilliance of Chinese civilization took center stage on a global platform. It is regarded as the preface of the forum.

This forum is yet another step forward in sharing its profound wisdom and inviting harmony and integration with the world.

Hashtag: #GutianCounty

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