TAIPEI, Oct. 15, 2024 /PRNewswire/ — The fifth FinTechOn conference is set to take place on 4 November 2024, directed by the Taiwan National Development Council and hosted by the Taiwan FinTech Association (TFTA) at Grand Hyatt Taipei.

With ‘Dawn Light: Virtual Asset Regulation and Anti-Fraud Actions’ as this year’s theme, the one-day annual forum expects to gather over 350 attendees. It convenes top-tier executives, regulators, government officials, law enforcement, and the most influential figures who shape the future of FinTech globally. Registration to FinTechOn 2024 is now open.

Some of the distinguished speakers include Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS); Peter Kerstens, Advisor for Financial Sector Digitalization and Cybersecurity in European Commission; Seiji Yuki, Executive Managing Director of Japan Virtual and Crypto Assets Exchange Association (JVCEA) and Co-founder and Executive Managing Director of the Japan Cryptoasset Business Association (JCBA); Brian Byagaba, Head of FinTech Abu Dhabi Global Market (ADGM); Angelina A. Kwan, Former Managing Director and Head of Regulatory Compliance for Hong Kong Exchange and ClearingHsi-Ho Huang, Director of Securities Firms Division at Taiwan Financial Supervisory Commission; and Wayne Lo, Head Prosecutor of Taiwan Shilin District Prosecutors Office.

“FinTech is not just about the changes in finance and technology, but the impact it has on human behavior and the way our economy and society operate,” said Jaclyn Tsai, Honorary Chairwoman of TFTA and former Minister without Portfolio of Taiwan’s Executive Yuan in charge of digital policies. “AI and blockchain are two key technologies shaping the future of FinTech, while also presenting significant challenges. We find ourselves at a crucial juncture and FinTechOn 2024 is a unique platform where we exchange learnings from global experiences for better practice in regulation and combating crimes.”

Another highlight will be the presence of Asia FinTech Alliance (AFA), an international platform launched at the Singapore FinTech Festival (SFF) last year, with 14 association members representing 14 Asian economies. Jaclyn Tsai currently serves as the Chairwoman of AFA.

According to the FBI’s report released last month, victims reported over $5.6 billion in cryptocurrency-related fraud in 2023, a 45% increase from the previous year. To address this pressing issue, a cross-border joint defense network and private-public collaborations are essential. Real case studies will be presented at the forum, showcasing the strength of partnerships between law enforcement and industry.

Additionally, AFA members will sign a memorandum of understanding (MOU) to collaborate on anti-fraud initiatives. AFA and KPMG Taiwan are set to launch the whitepaper Riding the Wave: Exploring the FinTech Frontier, which maps out the FinTech landscape in Asia. AFA members will participate in these two key sessions both in person and online.

FinTechON 2024 is directed by the Taiwan National Development Council, hosted by TFTA, and supported by Taiwan Association For Blockchain Ecosystem Innovation (TABEI), and XREX Group. The organizers would also like to thank HOYA BIT, MaiCoin Group, Taiwan Mobile Co., Ltd., ZONE Wallet, Cathay Financial Holdings, Lee, Tsai & Partners, Attorneys-at-Law, LYODS System Limited, and Bito Group for their valuable sponsorship.

AFA and its association members have joined as international community partners of FinTechOn 2024, including Korea FinTech Industry Association (KORFIN), Elevandi Japan, Philippines’ Fintech Alliance.Ph, FinTech Association of Malaysia (FAOM), Thai FinTech Association (TFA), FinTech Association of Hong Kong (FTAHK), Singapore FinTech Association (SFA), Fintech Indonesia, Mongolian Fintech Association (MFA), Cambodia Association of Finance and Technology (CAFT), FinTech Alliance Nepal, Vietnam Fintech Club, and India’s Fintech Convergence Council (FCC).

General Chamber of Commerce of the Republic of China, Monte Jade Science and Technology Association (Taiwan), Taipei Foundation of Finance, Chinese Arbitration Association, Taipei (CAA), Technology and Digital Application Committee in the General Chamber of Commerce, Taiwan Internet and E-Commerce Association (TiEA), Digital Trust Association in Taiwan, Taiwan Virtual Asset Service Provider Association, Taiwan Blockchain Academia (TBA), and Taiwan Virtual Asset Anti-money Laundry Association (TVAAA) are among the community partners supporting FinTechOn 2024.

Registration for SFF 2024 is now open. For partnership, media coverage, and collaborations, please contact us at yoyoyu@tfta.com or contactus@fintech.org.tw

About Taiwan FinTech Association (TFTA)

The Taiwan Fintech Association (TFTA) is a non-profit organization that aims to promote the development and innovation of financial technology (fintech) in Taiwan. It was established in 2017 and has since become one of the leading voices in the fintech industry in Taiwan.

TFTA advocates for regulatory policies and measures that support fintech innovation both domestically and internationally. TFTA has strong connections with government units, industry stakeholders, and international organizations. TFTA serves as a crucial platform for connecting, collaborating, and facilitating development within the Taiwan fintech community.

TFTA is an official member of the Asia Fintech Alliance (AFA), which is an alliance comprising FinTech associations from various Asian countries and regions.

This strategic partnership between TFTA and the AFA enables Taiwan to actively engage with the wider Asian FinTech community, aligning with regional trends and amplifying the country’s influence in the global FinTech landscape.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/fintechon-2024-returns-with-spotlight-on-virtual-asset-regulations-and-countering-fraud-302275266.html

SOURCE Taiwan FinTech Association (TFTA)

HONG KONG, Oct. 15, 2024 /PRNewswire/ — IQAX is delighted to announce that IQAX has won the Top 10 Blockchain Companies of 2024 award from CIO TechWorld, demonstrating the proficient use of blockchain technology by IQAX eBL.

CIO TechWorld is a trusted source for IT and business professionals seeking insightful and informative articles.

IQAX eBL: A Game Changer

The IQAX eBL integrates seamlessly with the Global Shipping Business Network (GSBN), a purpose-built blockchain infrastructure that guarantees data protection and authorized access. This innovative solution enables carriers, shippers, freight forwarders, consignees and financial institutions to collaborate transparently, enhancing operational efficiency and reducing costs.

Key benefits of IQAX eBL include:

One-click Transfer: Instant access and tracking of B/Ls online, eliminating courier costs and reducing the risk of delays.Single-view Interface: A user-friendly interface that consolidates all shipment-related information, enhancing communication among stakeholders.Optimized Trade Financing: Improved traceability accelerates trade financing processes, empowering faster transactions.

With over 300,000 original B/Ls processed and more than 16,000 registered companies using the platform in over 70 countries, IQAX eBL is driving significant advancements in the digital shipping ecosystem.

Join the Digital Revolution

IQAX invites industry stakeholders to embrace this transformative technology, paving the way for a more efficient, secure, and sustainable future in global trade.

For more information about IQAX eBL and how it can benefit your operations, please visit https://www.iqax.com/en/solutions/ebl/.

View original content:https://www.prnewswire.com/apac/news-releases/iqax-won-the-top-10-blockchain-companies-of-2024-award-302275761.html

SOURCE IQAX Limited

The recurring payments capability of Pix is expected to be launched in mid 2025 by the Central Bank of Brazil, and EBANX is the first player in cross-border payments already making the documentation available for its global merchants to start the integration

CURITIBA, Brazil, Oct. 15, 2024 /PRNewswire/ — The second most used instant payment method in the world, Brazil’s Pix will have a recurring transaction capability, Pix Automático (Automatic Pix in free translation), set to be launched by the Central Bank of Brazil next year, on June 16th. EBANX, a global tech company specializing in payment services in rising markets in Latin America, Africa, and Asia, is taking the lead and is prepared to start integrating global merchants with this new Pix feature.

From this month, merchants of EBANX can access the technical documentation needed to integrate EBANX’s API for Pix Automático. EBANX’s partners will be able to start backend development, and will also have access to a simulated environment allowing them to thoroughly test their integrations and ensure readiness by June next year, when the Central Bank will release Pix Automático. “By partnering with EBANX, merchants can secure their competitive edge in the market, being ready to offer Pix Automático from day one,” says Fabio Scopeta, Chief Product and Technology Officer (CPTO) at EBANX.

The new Pix capability will greatly improve recurring payments in Brazil, positively impacting Latin America’s largest digital commerce market: “This solution streamlines billing processes and subscription payments, reduces friction, and enhances payment efficiency, for users and businesses,” Scopeta highlights. Pix Automático may improve customer satisfaction by providing more control and flexibility, leading to higher retention rates and fewer missed payments, since these will be scheduled.

From June 2025, Pix users will be able to establish Pix Automático for future transactions without additional interaction by scanning a QR code or providing their banking details. Another option is to pay a bill via QR code and then activate Pix Automático to simplify recurring transactions. After the payer authorization, the amounts will be debited from their account at the frequency specified in the payment instruction.

For merchants, this presents an opportunity to increase revenue and attract more clients. According to internal information from EBANX, which has been operating with Pix since its launch in 2020, companies accepting the instant payment method in digital commerce experience a 16% increase in revenue and a 25% growth in the number of clients. “We remain attentive to how Pix Automático will impact the market and consumers, especially since one in five people who use Pix has already done so with EBANX,” points out the CPTO.

The future of Pix

With no fees for the payer, Pix Automático is a new step in the process of financial and digital inclusion promoted by the instant payment method, which integrated 71.5 million users into the financial system in the first two years of operation, according to the Central Bank of Brazil. Pix has also helped connect these consumers with global and local companies. In the past two years, P2B (person-to-business) transactions have nearly doubled their share of monthly Pix transactions, increasing from 22% to 40%. 

This landscape may change even more in 2025. In addition to bill payments such as electricity, water, and rent, it is expected that Brazilians will also use Pix Automático for recurring payments in digital subscription-based business models, which may increase the number of P2B transactions. “We are witnessing a boom in recurring payments in segments such as streaming services, SaaS, and digital media across the world, and in Brazil, these verticals may benefit from the launch of Pix Automático,” analyzes the CPTO at EBANX. 

Other innovations in Pix are expected to further enhance the success of the system, including payments via mobile proximity, with installment payments, for foreign accounts, and made with the consumer being offline. According to EBANX, 95% of people who made their first purchase at one of the fintech’s partner online stores paid it with Pix. “Our commitment is to always be aligned with pioneering efforts in the sector and in leadership in Brazil’s payments landscape, to offer the best solutions for our merchants and their clients,” says Scopeta.

About EBANX

EBANX is the leading payment platform connecting global companies with customers from the fastest-growing digital markets in the world. The company was founded in 2012 in Brazil with the mission of giving people access to buy in international digital commerce. With powerful proprietary technology and infrastructure, combined with in-depth knowledge of the markets where it operates, EBANX enables global businesses to connect with hundreds of payment methods in different countries in Latin America, Africa, and Asia. EBANX goes beyond payments, increasing sales, and fostering seamless purchase experiences for businesses and clients.

For further information, please visit:
Website: https://www.ebanx.com/en/
LinkedIn: https://www.linkedin.com/company/ebanx

Media Contact: Shan Huang, shan.huang@ahgstrategies.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ebanx-takes-the-lead-and-prepares-the-integration-of-global-companies-ahead-of-pix-automaticos-launch-302275680.html

SOURCE EBANX PTE. Ltd.