SHENZHEN, China, Nov. 3, 2023 /PRNewswire/ — WeBank, the world’s leading digital bank, has been featured in the Digital Lending Can Turn the Dial on Financial Access for MSMEs report, recently published by the ASEAN Business Advisory Council (ASEAN-BAC) and Boston Consulting Group (BCG). The report recognizes WeBank’s performance of delivering Openhive-based distributed digital banking services to ensure a secure, fast and exceptional digital customer experience for MSMEs (micro, small and medium-sized enterprises).

The report reveals how digital banking customers have direct access to manage their banking needs, usually accessible through mobile phones, instead of relying on a teller in traditional bank branches. WeBank’s online and unsecured MSEMs loan service "Weiyedai" is a typical case.

An efficient core banking system is the cornerstone of a well-functioned digital bank. Behind the branchless service, WeBank’s distributed core banking system is working consistently. Starting from its inception, WeBank has adopted fully distributed technologies to build the first distributed core banking system in China. Because of its similarity to the natural beehive, WeBank calls this set of financial-grade distributed technologies Openhive.

Openhive

While serving hundreds of millions of individual customers and MSMEs, Openhive enables WeBank to be flexible and scalable to support over 1 billion daily peak transactions. Its record time from new product ideation to live launch is 10 days. The Openhive-based core banking system also leads to affordable equipment and maintenance costs, no branch operation costs and low labor costs. Thus, the bank is enabled to provide 24×7 seamless services (over 99.999% product availability) to a rapidly growing customer base. Its annual IT operation and maintenance cost per account is only 0.3 US dollars/year, roughly one-tenth of the industry average. With the cost-effective banking system, WeBank is able to navigate the innovative path of sustainable inclusive finance.

Besides the successful case of WeBank, the Openhive solution has been adopted by top digital banks in Southeast Asia. Openhive enables them to build distributed core banking systems that could support sustainable inclusive finance to their longtail unbanked and underbanked market. By unleashing the power of collaboration with leading-edge technologies, Openhive is enabling innovators to achieve more.

About Openhive

Openhive is a digital banking solution powered by WeBank, that utilizes a series of distributed technologies to serve inclusive finance. It enables leading digital banks to provide sustainable inclusive finance to the market with competitive advantages, such as high performance, high agility, high availability, high security, high modularity and high efficiency.

About WeBank

Launched in 2014, WeBank Co., Ltd. ("WeBank") is the first privately-owned bank and digital bank in China. WeBank provides more convenient financial services to micro-, small- and medium-sized enterprises (MSMEs) and the general public, and continuously improves the quality of services in response to customers’ specific needs. As one of the top 100 banks in China, WeBank now ranks 284 in Top 1000 World Banks by The Banker. By June 2023, WeBank has served over 370 million individual customers and over 4.1 million MSMEs.

WeBank focuses on innovation and technology. As the first commercial bank to obtain the national high-tech enterprise certification in China, WeBank has maintained its proportion of technical personnel above 50% since its establishment, while its research and development expenses of accounted for around 9% of its revenue. WeBank is now at the top of the industry in core technologies such as artificial intelligence (AI), blockchain, cloud computing and big data.

Source : WeBank's distributed tech brand "Openhive" is unveiled in a recent BCG report

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Smart Power Supply, Indoor Navigation, GBA Cargo Track-and-Trace Solution Celebrated

HONG KONG, Nov. 3, 2023 /PRNewswire/ — Steered by the Office of the Government Chief Information Officer and co-organised by GS1 Hong Kong, the Hong Kong ICT Awards 2023 – Smart Mobility Award Presentation Ceremony was held today. The award has three categories: Smart Tourism, Smart Logistics, and Smart Transport. They are selected by evaluation and one-by-one interviews by the Assessment and Judging panels. Gold, Silver, and Bronze Award  and certificates of merit are awarded to the contestants based on their performance.

Ms. Anna Lin, Chief Executive of GS1 Hong Kong (white blazer in the middle) and the HKICT Awards – Smart Mobility Award winners.

This year, TriTerra Technology Limited won the "Grand Award of the Smart Mobility Award" and the "Smart Mobility (Smart Tourism) Gold Award" with its "Kaihon1000 Smart Power Station". Size of a handbag, the portable power supply has 7 power sockets to support the needs of different electrical appliances (such as mini refrigerators, cooking stoves, etc), suited for occasions like camping, extended outdoor work (such as filming), and during power outages at home. In addition to the solar charging function that helps prolong usage, it is equipped with IP55 water- and dust-proof features and users can remotely connect, operate and monitor operation using a mobile phone. The judging panel agreed that it is a practical and environmentally friendly solution, with immense potential to expand into the global markets.

Other cutting-edge winning entries include the first mobility solution that monitor the journey of Greater Bay Area cargo transshipment, characterised by its blockchain and emerging mobile technologies use; also the smart mobility app that utilises spatial data to provide indoor and outdoor navigation for the visually impaired and the needed, offering a barrier-free navigation experience with uninterrupted voice guidance. The list of Smart Mobility awardees is shown below. Please visit here for details of the winning entries: https://www.gs1hk.org/sites/default/files/2023-10/SMA_2023.pdf

The award winners will have the opportunity to represent Hong Kong to compete in the "13th Guangdong-HK-Macau IoT Competition" with a few dozens of contestants from mainland China. Hong Kong representatives have achieved great results in this competition before, for example 2 entries won the "Best IoT Application" and the "Best IoT Innovation" last year, indicating that local innovative technologies and solutions can shine bright in and out of Hong Kong.

Anna Lin, Chief Executive of GS1 Hong Kong, congratulated the winners and is pleased to see the robust I&T development and adoption of creative applications in the city. "This year, we applaud beyond the public and private sector winners, but also celebrate the creative mind of individual who have fostered a culture of innovation in smart mobility. The winning entries are tuned in to today’s environment, some by incorporating low-carbon, sustainability elements, while some tap into the GBA growth opportunities, addressing the current issues and trends. GS1 Hong Kong will continue to work closely with the Government and the industry partners to drive digital innovation and support Hong Kong’s development into a world-class smart city."

Download Photos: https://gs1hongkong.box.com/s/9q7jkqxkz3fzfbhmmrny1rnuj3dztkdn 

Hong Kong ICT Awards 2023 – Smart Mobility Award winners list (In alphabetic order by company / organisation name):

Category

Award

Organisation

Winning Entry

Smart Mobility

Grand

TriTerra Technology Limited

Kaihon1000 Smart Power Station

Smart Tourism

Gold

TriTerra Technology Limited

Kaihon1000 Smart Power Station

Silver

Electrical and Mechanical Services Department (EMSD)

Location Tracking System for Hikers at Remote Areas

Bronze

FansWave Limited

FansWiFi – Social WiFi Marketing Platform

Merit

FREED Group Limited

HARMONY Corporate Service Solution (HARMONY CSS)

Merit

Lik On Technology Limited

VR Life Never Stops

Smart Logistics

Gold

Airport Authority Hong Kong / Accenture Company Limited

HKIA Cargo GBA Sea-air Transshipment Facilitation Application

Silver

Geek+ / Hongkong Post

Robotic Packet Sorting System

Bronze

GP Electronics (HK) Limited / BPS Global Management Limited

The Smart Logistics System in GP Electronics Huizhou Factory

Merit

FreightAmigo Services Limited

FreightAmigo – Financing, Insurance, Logistics in One Platform

Smart Transport

Gold

Maphive Technology Limited / Spatial Data Office, Development Bureau / Energizing Kowloon East Office, Development Bureau

Smart Navigation Tool for The Visually Impaired/People In Need

Silver

The Kowloon Motor Bus Company (1933) Limited

Digitally connected bus service via all-in-one, App1933

Bronze

Hong Kong Observatory

Estimation of Standing Water Conditions on Airport Runways

Merit

HOU Wai Man

Routejam

Merit

Locolla Limited / Transport Department, The Government of the HKSAR

Smart Shared Power-assisted Pedal Cycle Platform

Please visit here for details of the winning entries: https://www.gs1hk.org/sites/default/files/2023-10/SMA_2023.pdf

For details about "Smart Mobility Award", please visit here: https://www.gs1hk.org/SmartMobilityAward

About GS1 Hong Kong

Founded by the Hong Kong General Chamber of Commerce in 1989, GS1 Hong Kong is the local chapter of GS1®. GS1 Hong Kong’s mission is to empower businesses of their digital transformation, improve supply chain visibility and efficiency, ensure product authenticity, facilitate commerce connectivity and enable sustainable value chain through the provision of global supply chain standards (including GTIN & barcodes), and a full spectrum of platforms, solutions and services.

GS1 Hong Kong currently supports close to 8,000 corporate members from 20 sectors including retail & consumer packaged goods, food & beverage and food services, healthcare, apparel & footwear, logistics & ICT. By working closely with communities of trading partners, industry organizations, government, and technology providers, we can foster a collaborative ecosystem, paving the way for "Smarter Business, Better Life".

As a non-profit organization, GS1 develops and drives global adoption of supply chain standards. Headquartered in Brussels, Belgium, GS1 has over 115 national chapters in 150 countries.

Website：www.gs1hk.org

Source : Hong Kong ICT Awards 2023 – Smart Mobility Award Winners Unveiled

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

SYDNEY, Nov. 3, 2023 /PRNewswire/ — FP Markets , a leading broker in online trading for Forex and CFDs, has announced the launch of its redesigned Client Portal. This transformative upgrade features a fresh, intuitive platform, enhanced functionality, as well as a selection of new and exciting features designed to help traders and investors operate and trade more efficiently.

FP Markets Launches New Look Client Portal with an Array of Enhanced Features

The Client Portal’s new design is a significant leap forward, offering an improved user experience and flexibility that provides traders and investors greater control. The newly developed Client Portal boasts the following features:

A modern, user-friendly interface; A sleek design that ensures a seamless experience for all clients; Enhanced navigation; Streamlined features that permit access to a wide array of tools directly from the Client Portal’s Dashboard, including Accounts, Funding Operations, Platform Selection and Social Trading. Real-time notifications enable FP Markets’ clients to remain on top of their account operations and never miss a critical update. Instant access to real-time economic indicators allow users to stay abreast of any market-moving risk events.

Kim Reilly, FP Markets Project Manager, enthused about the launch of the revamped Client Portal: ‘I’m very excited to share our latest milestone – the launch of the upgraded client portal. We have created a new user experience for our clients that truly puts them first! The updates are not just a makeover – it’s a transformation. We can’t wait for our clients to enjoy the journey of seamless navigation through account management, to funding to trading tools’.

Established in 2005, FP Markets is a Multi-Regulated Brand providing clients with over 10,000 tradable instruments across key asset classes and offers aggregate pricing across several top-tier liquidity providers. Additionally, FP Markets deliver Consistently Tight Spreads, Lightning Execution, Unmatched 24/7 Multilingual Customer Support, and various Account Types to suit all trading strategies and styles.

Notes to Editors

About FP Markets:

FP Markets is a Multi-Regulated Forex and CFDs Broker with over 18 years of industry experience. The company offers highly competitive interbank Forex spreads starting from 0.0 pips. Traders can choose from the leading powerful online trading platforms, including FP Markets’ Mobile App , MetaTrader 4, MetaTrader 5, WebTrader, cTrader, and Iress. The company’s outstanding 24/7 multilingual customer service has been recognised by Investment Trends and awarded ‘The Highest Overall Client Satisfaction Award’ over five consecutive years. FP Markets has been awarded the ‘Best Global Forex Value Broker’ for four consecutive years (2019, 2020, 2021, 2022) at the Global Forex Awards. FP Markets has been awarded the ‘Best Forex Broker – Europe’ and the ‘Best Forex Partners Programme – Asia’ at the Global Forex Awards 2022. FP Markets has been awarded ‘Best Trade Execution’ at the Ultimate Fintech Awards 2022. FP Markets crowned ‘Best CFD Broker in Africa’ at FAME Awards 2023.

For more information on FP Markets’ comprehensive range of products and services, visit https://www.fpmarkets.com/.

Source : FP Markets Launches New Look Client Portal with an Array of Enhanced Features

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

SANYA, China, Nov. 3, 2023 /PRNewswire/ — The 2023 Symposium on Global Maritime Cooperation and Ocean Governance (GMCOG) will take place in Sanya, Hainan, China from 8-9 November 2023. The event is co-hosted by the Huayang Center for Maritime Cooperation and Ocean Governance and the China Oceanic Development Foundation (CODF), and the National Institute for South China Sea Studies, China (NISCSS). 

Inaugurated in November 2020, the symposium aims to offer a unique platform for thought-provoking dialogues among the thinkers of various backgrounds from all over the world and promote academic research and exchange on maritime cooperation and ocean governance. It also seeks to raise the voice of the South China Sea coastal states in global governance and cooperation on ocean, offer South China Sea experience and solution to global ocean governance, restore confidence in global ocean governance and cooperation and align itself with the Sustainable Development Goal 14 of the United Nations (Conserve and sustainably use the oceans, seas and marine resources for sustainable development). The GMCOG has made its special contribution to sustainable development of oceans and seas throughout the years.

The 2-day event is comprised of seven sessions, including Challenges to Global Ocean Governance and Maritime Cooperation among Great Powers, Mutual Confidence Building in the South China Sea from the Perspective of Global Security Initiative, Promoting Marine Spatial Planning to Boost the Blue Economy, International Law Based Order in the South China Sea, Goal 14 of UN 2030 Agenda and Sustainable Development of Marine Fisheries, BBNJ Agreement and Global Ocean Governance, and Global Climate Change and Polar Research.

The GMCOG this year is expected to bring together participants from over 20 countries and regions, including eminent scholars from influential academic institutes, diplomats, officials from international organizations and government agencies in and beyond the region. Confirmed keynote speakers include Wang Yi, Member of the Political Bureau of the CPC Central Committee, and Minister of Foreign Affairs, China; Sun Weidong, Vice Minister of Foreign Affairs, China; Wang Hong, Vice Minister of Natural Resources and Administrator of State Oceanic Administration, China; Peter Thomson, UNSG’s Special Envoy for the Ocean; Liu Zhenmin, Former Under Secretary-General of the United Nations and Stephen A. Orlins, President, National committee on U.S.-China Relations, the U.S..

Source : The 2023 Symposium on Global Maritime Cooperation and Ocean Governance to be Held in Sanya

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

STAMFORD, Conn., Nov. 3, 2023  /PRNewswire/ — Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2023 after the U.S. stock market close on Tuesday, Nov 21, 2023. The Company will host a conference call to discuss the financial results at 5:00 p.m. U.S. Eastern Time on Tuesday, Nov 21, 2023.

What: Emeren Group Ltd Third Quarter (ended September 30, 2023) Earnings Call

When: 5:00 p.m. U.S. Eastern Time on Tuesday, Nov 21, 2023

Webcast: https://edge.media-server.com/mmc/p/tm2gvazf

Participant Online Registration: https://register.vevent.com/register/BI6944c83bc2164d9997e83efdf0f3e6ae

Please register in advance to join the conference call using the link provided below and dial in 10 minutes before the call is scheduled to begin. Conference call access information will be provided upon registration.

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of Emeren Group Ltd’s website at https://ir.emeren.com/.

About Emeren Group Ltd

Emeren Group Ltd (NYSE: SOL) is a leading global solar project developer, owner, and operator with a pipeline of projects and IPP assets totaling over 3 GW, as well as a storage pipeline of over 6 GWh across Europe, North America, and Asia. The Company focuses on solar power project development, construction management and project financing services with local professional teams across multiple countries. For more information, go to www.emeren.com.

Source : Emeren to Release Third Quarter 2023 Financial Results on Nov 21, 2023

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

BEIJING, Nov. 3, 2023 /PRNewswire/ — The Annual Conference of Financial Street Forum 2023 will kick off on November 8 in Beijing, with the focus on strengthening financial openness and cooperation as well as promoting economic sharing and win-win results.

The three-day event will invite more than 400 guests from over 30 countries and regions around the world to discuss and exchange views on current economic and financial hot topics, and on how to empower world economic development through financial cooperation, according to a press conference held on Wednesday.

This year’s conference will comprise one main forum and three parallel forums, with a total of 22 activities including opening and closing ceremonies, and special activities being held during the event.

The Financial Street Forum has been successfully held for 11 sessions since 2012. From 2020, the annual conference of Financial Street Forum has been upgraded to a national and international professional forum, becoming an important platform for openness and development.

This year’s event is co-hosted by the People’s Government of Beijing Municipality, the People’s Bank of China, the National Administration of Financial Regulation, China Securities Regulatory Commission, Xinhua News Agency and the State Administration of Foreign Exchange.

See the original link: https://en.imsilkroad.com/p/336942.html

Source : Xinhua Silk Road: Annual Conference of Financial Street Forum 2023 to be held during Nov. 8-10 in Beijing

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

NEW YORK, Nov. 3, 2023 /PRNewswire/ — Tuya Smart (NYSE: TUYA, HKEX: 2391), a global IoT developer service provider, successfully achieved PSA Certified Level 1 device certification for its self-developed TS24-U module. The TS24-U is a Matter over Thread module created by Tuya that comprises the EFR32MG24 RF processor chip, EFR32MG24, a number of peripherals, and a built-in 802.15. 4 PHY/MAC Thread network protocol stack and rich library functions.

Since the Connectivity Standards Alliance announced Matter, leading brand manufacturers and OEMs have gradually increased their interest in the production of Matter devices. In addition to assisting customers in achieving cross-brand connectivity and breaking the ecosystem barriers that have bound them, creating a safer and more comprehensive Matter device development solution will also guarantee that end users receive stronger security protection, supporting the healthy growth of the Matter ecosystem.

The PSA Certified program, through which the TS24-U module was certified, is an independent IoT security framework and certification scheme, originally founded by Arm and six industry-leading security companies and evaluation laboratories to support the large-scale deployment of secure IoT solutions.

Achieving PSA Certified Level 1 means that the TS24-U module created by Tuya has achieved the certification of security from design to deployment and gained the assurance of having the necessary security measures and defense mechanisms to effectively respond to security threats and potential risks. Developers who use the TS24-U module to finish Matter over Thread device development can not only ensure that the Matter devices have fundamental information security capabilities, but it also improves users’ trust in the brand’s product.

"Device security has never been more important, with connected devices being used all around us from intelligent buildings to smart homes and smart cities," said David Maidment, senior director, market development, Arm. "Building security in from the ground up is crucial and Tuya has proven their commitment to security through this PSA Certified accreditation, ensuring the next generation of Matter devices are built on secure foundations."

Reliable Interconnection by Applying Security Compliance
Tuya Protects Matter Device Development Procedure

As a board member of the Alliance and an early participant of Matter, Tuya has the deep market expertise and vast practical accumulation in security due to its ongoing commitment to IoT development. Tuya released its full-stack solutions for Matter in addition to offering security  modules, increasing security levels in the process of Matter device development.

While Thread and Wi-Fi have the potential of offering secure connectivity and access on their own, Tuya’s full-stack solutions for Matter, for instance, support the development of Matter over Thread or Matter over Wi-Fi devices, enabling Matter on top of the Thread or Wi-Fi layer to enhance the security performance of the Matter device accordingly, through their underlying features and security functions.

Moreover, developers have to submit the product details and pass the Matter product compliance certification after successfully developing Matter devices. To complete such a procedure, the developer must either buy a Device Attestation Certificate ("DAC") from a certificate issuer recognized by the Alliance or create their own certificate infrastructure and secure an Alliance license. Obtaining such authorization from the Alliance takes a significant amount of resources. Tuya has now successfully obtained the Alliance-approved PAA qualification and finished the development of Matter PKI, which is capable of providing developers with high-volume DAC issuance while ensuring the security of the issuance process via hardware encryption machines.

On one hand, The DAC can be obtained quickly and securely through Tuya’s Authentication Transfer Program for developers developing Matter products based on Tuya’s solutions, with no changes in hardware and software, and with the same device type and functionality as the Tuya-enabled one that passed the Alliances’ certification. This not only saves investment, but also shortens the development cycle and quickly pushes the products to market. On the other hand, end-users can trace the certificate chain of the device’s DAC certificate to determine whether the Matter device in their hands came from the manufacturer listed on the device’s packaging, quickly identify counterfeit products, avoid uncertified devices entering the user’s network, causing problems in information security and other areas, and significantly improve the security level of Matter device management.

Furthermore, the OTA firmware software that the developer used for remote upgrading must be verified and encrypted during the maintenance and updating process, and if the software update is not certified and is not listed in the list of known manufacturers and compatible software, it will not be allowed to update to ensure the security of device maintenance and update.

Customers can benefit from the triple security protection of the Enabling Chip, module, the Matter Security Specification, and the Tuya Security Specification with Tuya’s full-stack solutions for Matter, including security check, security defense, and auditing of external services such as OTA upgrading. The solution innovatively integrates information security and compliance components into software development and management to comprehensively ensure the quality and security level of software, hardware, products, and services, guaranteeing that the customer’s Matter devices have the technical strength and brand power worthy of users’ trust.

Win-Win Cooperation for Ecosystem Prosperity
Tuya Teams Up with Partners to Accelerate Matter Iteration

The global number of IoT-connected devices is expected to reach 51.9 billion by 2025, and 95% of the world’s enterprises use both public and private clouds, which all need to be secured.

Achieving PSA Certified Level 1 for the TS24-U is just one of the numerous benefits that Tuya and its partners are providing to developers globally. As the demand for a higher quality of living experience and smart home product technology matures, more brand manufacturers, OEMs, and other customers will begin to work on Matter device development. Tuya’s solutions for Matter not only provide technical support to ensure the security of Matter devices and assists customers in building branded Matter devices that are interconnected with the ecosystems of Amazon, Google, Apple, and others, but it also provides solutions that allow Tuya to collaborate with customers to rapidly build a branded Matter device product matrix in a multi-dimensional manner, further building its own branded Matter ecosystem.

With the ongoing efforts of Tuya and many other companies, Matter will be widely utilized in the smart home industry and continue to be iterated and updated, opening up more cross-brand and cross-ecosystem chances for global developers.

Source : Tuya TS24-U module achieves PSA Certified Level 1, helping to establish a secure development environment for Matter devices

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network