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Tiger Brokers BOSS Debit Card Launches

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7 months ago

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Tiger BOSS Debit Card: Introducing Singapore’s first debit card that rewards everyday spending with fractional shares

The debit card addresses myriad challenges faced by beginner investors such as low starting capital, and incorporates easy investing to everyday spending to promote greater investment awareness and financial literacy amongst investors, while empowering them to take control of their finances and investments #LikeABoss.The debit card is the first in Singapore to offer instant rewards in the form of cashback in fractional shares of popular stocks, on top of competitive foreign exchange rates, as well as a seamless digital-first experience through all mainstream Visa-supported e-wallets including Apple Pay and Google Pay.To supercharge sign-ups, users will receive 1% cashback in TSLA fractional shares, SGD 5 for every successful referral made and a chance to win SGD 888 for every three successful referrals.Tiger Brokers (Singapore) is committed to anticipating its customers’ evolving needs in line with Singapore’s ever-changing financial landscape, and seeks to continue rolling out targeted solutions for local investors.

SINGAPORE, March 5, 2024 /PRNewswire/ — Leading online brokerage firm Tiger Brokers (Singapore) has partnered with Wise Platform to unveil its Tiger BOSS debit card, designed with the needs of today’s investors in mind. This is the first debit card in Singapore that enables users to earn fractional shares for every dollar spent.

Mr Ian Leong, CEO of Tiger Brokers (Singapore), said: “We are delighted to be the first company to release such an innovative debit card solution in Singapore. With our deep understanding of the local market, we’ve developed the Tiger BOSS debit card to address the challenges faced by new investors, particularly limited capital. By linking everyday spending with the card, individuals can access pricier stocks without a large initial investment.”

“Furthermore, by offering fractional shares as rewards for everyday spending, we aim to introduce newcomers to investment, and foster awareness and confidence in financial markets. By providing the tools and resources necessary for financial growth, we are committed to democratizing investing and nurturing a generation of informed investors who can navigate the complexities of the market with ease and confidence #LikeABoss.”

Introducing fractional shares as a new mode of rewards

Compared to other reward types like cashback, loyalty points and miles, benefits earned in the form of fractional shares do not have a finite lifespan, with no expiry date or lock-up period, giving investors greater flexibility. Additionally, fractional rewards can inspire the joy of investing, allowing new investors to experience the financial world and its potential rewards through the power of compounding and the accumulation of wealth over time.

With the Tiger BOSS debit card, users can start deploying rewards earned into their investments of choice from the time when a transaction is approved. The shorter duration required to accrue or hold rewards means that investors can free up more capital and make regular investment contributions. This feature is especially useful for consumers who may not want to spend a minimum amount every month to accumulate rewards and reap the benefits only at a later point, as is commonly required for credit cards. 

Invest with convenience

Beyond financial gains, users can enjoy convenience, security and access to a wide range of investment opportunities. Alongside evolving digital lifestyles, more consumers now choose to use digital payments such as contactless cards and online payments to make everyday purchases.

Once activated, the Tiger BOSS debit card can be added to Apple Pay or Google Pay wallets for contactless payments. Fractional shares will also be instantly accrued once users begin to make eligible purchases on-the-go, without having to wait for a physical card to arrive before users start spending. By removing the hassle of making multiple transfers from their savings accounts into their Tiger Trade accounts, users stand to save time and reap the benefits of a seamless digital experience.

Details of approved transactions will be reflected online almost instantly. Meanwhile, rewards scored will be credited to users’ debit card account one working day after the spend has been made.

Invest with Tiger, grow with Tiger

Paired with the rich range of investment offerings and securities on the Tiger Trade platform, such as stocks, options, futures, ETFs, REITs, unit trusts and funds from various global markets, the launch of the debit card bolsters the group’s capabilities to offer an integrated, one-stop platform for users’ investment and lifestyle needs, available at the touch of one’s fingertips.

In addition, users of the Tiger BOSS debit card can take advantage of competitive foreign exchange rates when they spend overseas.

Mr Leong said: “The Tiger BOSS debit card stands as the latest testament to Tiger Brokers Singapore’s dedication to enhancing the local trading experience. As part of the broader Tiger Group, we have been working hard in democratising investing, particularly here in Singapore amongst novice investors for example. Our commitment is unwavering, focusing on the evolving needs of our local retail investors, positioning us as the trusted partner for Singaporeans in managing their wealth. Anticipate more exciting developments tailored for the investing community in Singapore, as we launch additional locally-focused products in the coming months.”

As part of a launch promotion, users who make an eligible transaction using their Tiger BOSS debit card by 30 April 2024 will receive 1% cashback in Tesla fractional shares and receive SGD 5 for every successful referral made. On top of that, users stand a chance to win SGD 888 for every three successful referrals. Terms and conditions apply.

Application for the card is free and instant, and there are no annual subscription fees. The Tiger BOSS Visa debit card is issued by Wise.

How to sign-up for the BOSS debit card

For existing Tiger Trade users (through the Tiger Trade app)

Step 1: Log in to the Tiger Trade app and tap on profileStep 2: Click on “APPLY NOW” after checking the terms & conditionsStep 3: Ensure your mailing address is correct and select “APPLY NOW”Step 4: We will receive your details and mail your physical card to you. In the meantime, you can start to use your virtual card instantly.Step 5: Top up your Tiger BOSS debit cardStep 6: Choose to top up from your linked bank account or from your Prime Account balance

For users new to Tiger Trade

New users will first need to create a Tiger Trade account, before they can apply for the debit card. The account will be opened within 1 to 3 business days of the account opening application being submitted (but may require more time for certain cases). After your account has been successfully opened, you will receive an SMS notification. Alternatively, you may log in to Tiger Brokers’ official website to check your account opening status.

Download the Tiger Trade app from the Apple App Store (for iOS users) or Google Play Store (for Android users), and follow these instructions to open an account today.

Customers also get to enjoy perks exclusive to new users, such as unlimited commission-free trades for up to one year and a 30-day interest bonus boosted to 8% p.a. Terms and conditions apply.

For more information, please visit https://www.tigerbrokers.com.sg/market/tiger-boss-debit-card. For queries relating to registration, please contact us via email at service@tigerbrokers.com.sg, or call / WhatsApp Chat us at +65 6331 2277.

Tiger Brokers (Singapore) Pte. Ltd. has partnered with Wise to provide card issuance and account issuing services. Wise is the trading name of Wise Asia-Pacific Pte Ltd, which is a company incorporated under the laws of Singapore with Unique Entity Number 201422384R.

Wise Asia-Pacific Pte Ltd is regulated as a Major Payment Institution by the Monetary Authority of Singapore (MAS) license: PS20200413. You can verify this information at the MAS website here. Consumers are advised to read this Customer Agreement carefully.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Any views shared with Prospective Clients (“Prospects”) are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects’ investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers is not in a position to verify. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives, and circumstances.

About Tiger Brokers (Singapore) Pte Ltd.

Tiger Brokers (Singapore) Pte Ltd (“Tiger Brokers (Singapore)”) is a brokerage firm operating with a Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS). Its trading platform, Tiger Trade – available on both online and mobile app (Apple App Store and Google Play Store) offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates. Its online and mobile app trading platform, Tiger Trade, offers complimentary real-time stock quotes, dedicated multilingual customer service during trading hours and 24/7 finance news updates.

Through Tiger Trade, Tiger Brokers (Singapore) offers retail investors in Singapore access to six global exchanges in the US (NYSE, NASDAQ), China (Shanghai/Shenzhen-Hong Kong Stock Connect), Hong Kong (HKEX), Singapore (SGX) and Australia (ASX), with access to investment offerings such as Equities, Exchange-Traded Funds (ETFs), Futures, Stock Options, Warrants, Callable Bull/Bear Contracts (CBBCs), Daily Leveraged Certificates (DLCs), and US-listed over the counter (OTC) equities, and Fund Mall.

Tiger Brokers (Singapore) is the Singapore entity of UP Fintech Holding Limited (NASDAQ: TIGR), known as “Tiger Brokers” in Asia, a leading online brokerage firm focusing on global investors. The group currently serves over 10 million users and over 2 million account holders worldwide on our flagship platform “Tiger Trade”, own 77 licenses and qualifications in different markets, and have over 1,000 employees on the team in Hong Kong, Singapore, New Zealand, the US, Australia, and Mainland China.

For its advanced digital capabilities and exemplary customer service, Tiger Brokers (Singapore) was conferred the Fintech – Financial Services at the 2023 SBR Technology Excellence Awards, and included for the second time in a row in the Singapore Best Customer Service Survey 2023/24 by The Straits Times and research firm Statista, in the sub-category of trading and brokerage services, under Real Estate and Banking. In recognition of the high quality of service and information provided to help retail investors to invest smartly, Tiger Brokers (Singapore) was selected as the “Winner” of the Best Retail Broker Award category, in the Securities Investors Association Singapore’s Investors’ Choice Awards 2023.

For more information, please visit https://www.tigerbrokers.com.sg/

About Wise Platform

Wise is a global technology company, building the best way to move and manage the world’s money. Over the last decade, Wise has built an entirely new network for the world’s money.

Thanks to Wise Platform, large companies and banks can leverage Wise’s technology and embed the best way to send, receive, and manage money internationally into their existing infrastructure. With a wide variety of partners worldwide, Wise Platform saves banks and businesses time and money by allowing them to seamlessly bring fast, cheap, transparent and convenient cross-border payments to their customers.

View original content:https://www.prnewswire.com/apac/news-releases/tiger-brokers-boss-debit-card-launches-302079286.html

SOURCE Tiger Brokers Singapore

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Technology

Keuka College Notifies Individuals of Data Security Incident

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54 mins ago

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September 20, 2024

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KEUKA PARK, N.Y., Sept. 20, 2024 /PRNewswire/ — Keuka College has learned of a data security incident that may have involved personal information.

On April 25, 2024, the College identified suspicious activity within its network environment and immediately took steps to secure the environment, restore its systems, and began an investigation to determine the nature and scope of the issue. Keuka College also engaged independent cybersecurity specialists to assist with the process. The comprehensive investigation, which concluded on August 21, 2024, could not determine definitively whether personal information related to current and former students and employees was affected.

Keuka College maintains a variety of records which can include: name, Social Security number, Driver’s license number, student id number, financial account information, and date of birth. Current students and employees were contacted by the College in May and provided with one year of free credit and identity monitoring services.

Keuka College has established a toll-free call center to answer questions about the incident and address related concerns. Call center representatives are available Monday through Friday from 9:00 am to 9:00 pm Eastern Time and can be reached at 1-833-913-7557. Please be prepared to provide the engagement number, B131983, for reference.

View original content:https://www.prnewswire.com/news-releases/keuka-college-notifies-individuals-of-data-security-incident-302254623.html

SOURCE Keuka College

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TeraBox Celebrates 2nd Anniversary of Its Massively Popular Referral Program

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54 mins ago

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September 20, 2024

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Continuously expanding webmaster signups, especially in multiple regions, along with new highs in webmaster payouts, has ensured the smooth operation and continuous development of the project.

TOKYO, Sept. 21, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, recently celebrated the second anniversary of its hugely popular Referral Program, a testament to the smooth operation and continuous development of the project. The number of webmaster signups, including in multiple new regions, continued to increase steadily with webmaster payouts reaching new highs.

TeraBox reveals some of its impressive Referral Program data.

TeraBox’s total number of webmasters worldwide reached over one million.The highest daily income of webmasters reached over $10,000, with the top earner making nearly $180,000.The total number of shares by all webmasters exceeds 500 million.

The network of webmasters spans across the globe, including countries such as India, Indonesia, the United States, Latin America, Middle East, and South Korea. Moreover, as TeraBox’s influence continues to grow, the platform is excited to welcome many new webmasters from an expanding range of countries and regions.

TeraBox has achieved significant milestones, demonstrating its sustainable growth and increasing user impact. The journey started with the Webmaster Center launch in August 2022. Following this, several optimizations were implemented, including a self-withdrawal feature that simplified earnings management for webmasters and increased their engagement. Additionally, the Growth Analysis tool provided webmasters with valuable insights into their operational performance, enabling more effective decision-making.

As a result of these enhancements, both the number of participating webmasters and their earnings have seen remarkable increases. Looking ahead, the upcoming launch of the Webmaster App in September 2024 is set to further elevate user engagement and convenience, solidifying TeraBox’s position as an industry leader.

About TeraBox

TeraBox, developed by Flextech Inc. in Japan, is a leading global cloud storage solution. Headquartered in Tokyo, TeraBox proudly serves over 320 million users globally, providing an easy yet powerful way to store and manage data. With its generous 1TB of free storage, TeraBox ensures that your files are safe, secure, and accessible from anywhere. As a secure, reliable, and convenient service, TeraBox is certified with ISO 27001, ISO 27701, and ISO 27018, offering individual users around the world the opportunity to register for 1TB (1024GB) of free storage.

Photo – https://mma.prnewswire.com/media/2510913/image_5016964_39376930.jpg

View original content:https://www.prnewswire.co.uk/news-releases/terabox-celebrates-2nd-anniversary-of-its-massively-popular-referral-program-302254411.html

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Industrial Rack and Pinion Market to Grow by USD 998.6 Million (2024-2028), AI Redefining Market Landscape Amid Rising Demand for Machine Tools – Technavio

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2 hours ago

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September 20, 2024

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global industrial rack and pinion market size is estimated to grow by USD 998.6 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 9.45%  during the forecast period. Growth of industrial manufacturing leading to increase in demand for machine tools is driving market growth, with a trend towards increasing demand for stairlifts in offices. However, availability of substitutes for rack and pinion systems  poses a challenge. Key market players include Apex Dynamics Inc., ATLANTA Antriebssysteme GmbH, B and B Manufacturing Inc., Commercial Gear and Sprocket Co. Inc., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Kohara Gear Industry Co. Ltd., Lomar Machine and Tool Co., MIJNO PRECISION GEARING SAS, Nexen Group Inc., Nidec Corp., P R Components Pvt. Ltd., Pearl Engineers, REDEX Group, Reliance Precision Ltd., Sati SpA, Shri Butbhavani Engineering, Statewide Bearings, and Yuan Yi Chang Machinery Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Industrial Rack And Pinion Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.45%

Market growth 2024-2028

USD 998.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.41

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key countries

China, US, Germany, India, and Canada

Key companies profiled

Apex Dynamics Inc., ATLANTA Antriebssysteme GmbH, B and B Manufacturing Inc., Commercial Gear and Sprocket Co. Inc., GAM Enterprises Inc., Gudel Group AG, HMK Automation Group Ltd., Kohara Gear Industry Co. Ltd., Lomar Machine and Tool Co., MIJNO PRECISION GEARING SAS, Nexen Group Inc., Nidec Corp., P R Components Pvt. Ltd., Pearl Engineers, REDEX Group, Reliance Precision Ltd., Sati SpA, Shri Butbhavani Engineering, Statewide Bearings, and Yuan Yi Chang Machinery Co. Ltd.

Market Driver

The industrial rack and pinion market is experiencing growth due to the increasing demand for stairlifts in commercial and industrial applications. Stairlifts are essential for employees who face difficulties climbing stairs in multi-level industrial facilities. Arthritis, joint stiffness, and injuries are common reasons for this challenge. While elevators are an option, not all industrial buildings have them, especially those with only a few floors above the ground level. Stairlifts offer a cost-effective solution for such facilities, enabling employees to access upper floors with ease. These devices utilize long pieces of straight and curved racks and large pinions, leading to an increased demand for rack and pinion systems in the industrial sector. As a result, the global industrial rack and pinion market is poised for growth during the forecast period. 

The Industrial Rack and Pinion Market is witnessing significant growth due to its extensive applications in various industries. Key sectors driving this market include machine tools, actuators, process industries, material handling, offices, and stairlifts. Rack and pinion systems offer precise rotary and linear motion, making them ideal for machine tools and actuators. In process industries, they are used in drive trains and condition monitoring systems for IoT applications. ZHY Gear, a leading industrial gear manufacturer, specializes in rack and pinion gears for diverse industries. Their zero backlash gearboxes are popular in wind turbine gearboxes, motor technology, and construction equipment. Furthermore, rack and pinion systems are used in power plants, oilfields, and offices for material handling and stairlifts. The integration of IoT technology in these systems enhances efficiency and productivity. 

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Market Challenges

The industrial rack and pinion market involves the production and sale of linear actuation mechanisms that convert rotary motion into linear motion. Rack and pinion systems are a common choice due to their ability to provide fast movement over long lengths without excessive vibration. However, alternatives such as ball screws and lead screws also exist, each with their unique advantages and disadvantages. Ball screw systems offer smooth and almost friction-free movement but can vibrate at high speeds and longer lengths. In contrast, rack and pinion systems have high friction and a risk of backlash if the pinion does not properly engage with the rack. Ultimately, the choice between these mechanisms depends on the specific requirements of end-users, with some preferring smooth and friction-free systems, while others prioritize high-speed operation. The presence of multiple substitutes and the varying needs of end-users may hinder the growth of the global industrial rack and pinion market during the forecast period.The Industrial Rack and Pinion Market caters to various industries such as power plants, oilfields, machine tools, process industries, material handling, offices, and more. Two primary types of motion – rotary and linear – are served by this market. Key applications include actuators, stairlifts, and industrial gear in wind turbine gearboxes. Challenges in this sector include ensuring zero backlash for precise motion control, integrating IoT and condition monitoring technologies, and catering to diverse industries like motor technology, drive trains, and construction equipment. Notable players in the market include ZHY Gear, addressing the needs of power plants, oilfields, and other sectors with their high-quality rack and pinion solutions.

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Segment Overview

This industrial rack and pinion market report extensively covers market segmentation by

Product 1.1 Machine tools1.2 Linear actuation and guideways1.3 Material handlingType 2.1 Alloy steel2.2 Carbon steel2.3 Stainless steel2.4 Aluminum alloy2.5 PlasticGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Machine tools-  The Industrial Rack and Pinion Market refers to the business sector that produces and sells rack and pinion systems for industrial applications. These systems consist of a rack, which is a flat bar with teeth, and a pinion, which is a gear that meshes with the rack. Rack and pinion systems are used in various industries, including material handling, automotive, and construction, to convert rotary motion into linear motion. The market for these systems is driven by factors such as increasing automation in industries and growing demand for efficient material handling solutions. Companies in this market offer customized solutions to meet specific industry requirements.

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Research Analysis

The Industrial Rack and Pinion Market encompasses various industries including machine tools, actuators, process industries, material handling, stairlifts, offices, and more. Rack and pinion systems are essential components in these industries, providing rotary and linear motion solutions. They are used in machine tools for precise positioning and in actuators for industrial automation. In process industries, they are employed for valve actuation and pump drives. For material handling, they offer zero backlash and high torque for efficient conveyor systems. In the construction industry, rack and pinion systems are used in cranes and hoists. In the realm of renewable energy, they are integral to wind turbine gearboxes. Motor technology and drive trains also utilize rack and pinion systems for efficient power transmission. IoT and condition monitoring systems enhance the performance and reliability of rack and pinion applications. Industrial gear manufacturers like ZHY Gear produce high-quality rack and pinion systems for diverse industries.

Market Research Overview

The Industrial Rack and Pinion Market encompasses various industries and applications, including machine tools, actuators, process industries, material handling, stairlifts, offices, and more. Rack and pinion systems provide rotary and linear motion solutions, essential in industries that require precise and efficient power transmission. These systems are integral to machine tools for accurate positioning and movement. In material handling, they power conveyor belts and other automated systems. Actuators, such as those used in process industries, rely on rack and pinion for precise control and zero backlash. The market also caters to IoT and condition monitoring systems, enhancing industrial gear efficiency and performance. ZHY Gear, a leading manufacturer, offers rack and pinion solutions for diverse applications, from wind turbine gearboxes to motor technology and drive trains. Construction equipment, power plants, oilfields, and various other industries benefit from the reliability of rack and pinion systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductMachine ToolsLinear Actuation And GuidewaysMaterial HandlingTypeAlloy SteelCarbon SteelStainless SteelAluminum AlloyPlasticGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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