BEIJING, Oct. 20, 2024 /PRNewswire/ — The Annual Conference of Financial Street Forum 2024 kicked off on Friday in Beijing, gathering industry heavyweights to share their insights into financial opening-up and cooperation for shared economic stability.

The ongoing forum from October 18 to 20 is themed “Trust and Confidence – Work Together to Promote Financial Openness, Cooperate for Shared Economic Stability and Growth”. It is jointly hosted by the People’s Government of Beijing Municipality, the People’s Bank of China (PBOC), the National Financial Regulatory Administration (NFRA), the China Securities Regulatory Commission (CSRC), Xinhua News Agency, and the State Administration of Foreign Exchange (SAFE).

The recent implementation of a package of policies has boosted market confidence and played a positive role in promoting smooth economic and financial operation, said Pan Gongsheng, Governor of the PBOC. According to Pan, the central bank will strengthen counter-cyclical adjustments through monetary and macroprudential policies to serve high-quality development.

Li Yunze, Minister of the NFRA, told the forum that the administration will guide financial institutions to increase financial supply, optimize resource allocation, and accelerate smooth circulation of capital to boost China’s economic recovery.

Regarding the capital market, Wu Qing, Chairman of the CSRC, said the regulator will deepen a market- and law-based comprehensive investment and financing reform. It will also refine institutional mechanisms that promote the high-quality development of listed companies and strengthen market stability.

As a favorable “soft” environment created by media institutions is needed to boost trust and market confidence for the Chinese economy, Xinhua News Agency will spare no effort to expand themed coverage on economic development, and be a front-runner in orienting public opinions, according to Fu Hua, President of Xinhua News Agency.

The SAFE will intensify reform and promote high-standard opening-up of the foreign exchange sector. Efforts will be made to enhance policy evaluation and communication with the market as well as to enhance regulation and risk control capabilities, Zhu Hexin, Administrator of the authority said.

Agustin Carstens, General Manager of the Bank for International Settlements, said via video link that an increasing domestic demand of China will benefit the world, inject fresh momentum into the global economy and safeguard global monetary and financial stability.

Original link: https://en.imsilkroad.com/p/342681.html

View original content to download multimedia:https://www.prnewswire.com/news-releases/xinhua-silk-road-annual-conference-of-financial-street-forum-2024-brings-attention-to-chinas-financial-opening-up-cooperation-for-economic-stability-302281285.html

SOURCE Xinhua Silk Road

Strategic funding to accelerate Tookitaki’s growth and drive innovation in financial crime prevention across Asia.

SINGAPORE, Oct. 21, 2024 /PRNewswire/ — True Global Ventures (TGV) Opportunity Fund, a global venture capital firm specializing in transformative technologies, has made a strategic investment in Tookitaki, a leader in anti-financial crime software. This capital will fuel Tookitaki’s rapid expansion and continued innovation across Asia, as financial institutions face mounting regulatory pressures to combat increasingly sophisticated financial crimes.

The capital injection, which comes as Tookitaki reaches its 10-year anniversary, will support Tookitaki’s mission to deliver cutting-edge anti-financial crime solutions to financial institutions in these regions, where compliance with anti-money laundering (AML) and fraud prevention regulations is becoming increasingly critical. Tookitaki has monitored over 10 billion transactions across 100 million consumers amongst its clients. The capital will be key to expanding Tookitaki’s footprint in key Asian markets, supporting its mission to deliver cutting-edge financial crime solutions to banks and fintech companies in the region.

Beatrice Lion, General Partner of True Global Ventures, stated:
“Our investment in Tookitaki reflects our confidence in their groundbreaking technology and unique ability to tackle financial crime across Asia’s key markets. As regulatory standards tighten and financial crime evolves, Tookitaki’s platforms provide scalable, AI-driven solutions for AML and fraud prevention that will help institutions stay ahead of these challenges. We are excited to support their journey of growth.”

Abhishek Chatterjee, Founder and CEO of Tookitaki, commented:
“We are thrilled to welcome True Global Ventures as we continue our growth trajectory. This partnership comes at a pivotal time for Tookitaki, allowing us to expand our reach in key Asian markets and further enhance our FinCense and AFC Ecosystem platforms. TGV’s deep expertise in scaling technology businesses globally will be invaluable as we continue to empower financial institutions with the tools they need to effectively combat financial crime. We’re excited for the next phase of this journey.”

Tookitaki: Revolutionizing Financial Crime Detection and Prevention in Asia

FinCense platform offers a robust, AI-driven solution for AML and fraud prevention, enabling financial institutions to identify and address financial crime with greater accuracy and efficiency. The AFC Ecosystem, brings together industry experts and institutions to continuously update and refine crime detection models, offering real-time unparalleled collective intelligence.

Both platforms employ Tookitaki’s federated learning approach, allowing institutions to leverage insights from diverse datasets without compromising data privacy, a critical factor in today’s heavily regulated financial landscape. This ensures financial institutions can meet compliance standards while benefiting from cutting-edge crime detection technology that adapts to new threats.

https://www.tookitaki.com/ 

About True Global Ventures:

True Global Ventures is a global venture capital firm with a focus on technology-driven businesses, particularly in AI, blockchain, and other disruptive industries. The TGV Opportunity Fund invests in late-stage technology companies with the potential to drive transformative change. With a strong track record of supporting AI-driven ventures, TGV helps businesses deliver meaningful impact across industries.

www.tgv4plus.com

Photo – https://mma.prnewswire.com/media/2534840/image.jpg

View original content:https://www.prnewswire.co.uk/news-releases/tookitaki-ai-compliance-solution-drives-expansion-across-key-asian-markets-with-funding-from-true-global-ventures-302280604.html

HANOI, Vietnam, Oct. 21, 2024 /PRNewswire/ — “Cybersecurity is a relentless war. Hackers constantly innovate, seeking new techniques, while defenders must continually evolve and fortify their defenses, countering attacks & developing cutting-edge strategies to stay ahead in this ongoing battle.” said Mr. Nguyen Son Hai, CEO of Viettel Cyber Security.

In today’s hyper-connected digital landscape, organizations are investing millions in cybersecurity solutions. Yet, many still find themselves vulnerable to cyberattacks. For small and medium-sized businesses (SMBs), the challenge is even greater. Limited resources, tight budgets, and fragmented processes make cybersecurity a daunting task.

But the real issue isn’t just a lack of tools—it’s the gap between acquiring cybersecurity solutions and implementing them effectively. This operational gap leaves businesses exposed to attacks, despite their best efforts to fortify their defenses.

Viettel Cyber Security: Bridging the Cybersecurity Divide

At Viettel Cyber Security (VCS), we understand these critical challenges. Our mission is to be more than a provider of cybersecurity tools—we aim to be a trusted partner who bridges this operational gap for organizations around the world. We don’t just deliver solutions; we ensure they are optimized for each client’s unique needs, empowering them to defend against the rapidly evolving cyber threats they face.

What began as a team of just six cybersecurity experts has grown into a global force of over 500 specialists. Today, we protect customers in 12 countries, providing scalable, world-class services to meet the demands of organizations large and small.

Global Recognition: Viettel Cyber Security as a Winner in Top InfoSec Innovator Awards 2024

Our dedication to pushing the boundaries of cybersecurity has been recognized on the world stage. We’re proud to be the winner in the prestigious Top InfoSec Innovator Awards 2024 in the Cyber Threat Intelligence category. This nomination underscores our commitment to innovation and excellence, particularly through our cutting-edge Viettel Threat Intelligence solution.

Viettel Threat Intelligence solution empowers organizations to proactively counter cyber threats by providing real-time insights. Now enhanced with External Attack Surface Management capabilities, it continuously monitors and detects early cybersecurity risks from surface assets, including unidentified or rogue assets and fake accounts. By automating the detection process, it saves time and resources for security teams, enabling them to focus on high-priority incidents and strategic responses.

“This award is a testament to our hard work and serves as a driving force for us to continue developing top-tier solutions for our customers,” said Mr. Quang Tran Minh, Director of Viettel Threat Intelligence Center.

The Experts Behind Viettel Cyber Security

Our strength lies in the expertise of our world-class Vietnamese professionals. Known for their deep technical knowledge and fearless approach to challenges, our team delivers flexible, comprehensive, and tailored solutions that fit the specific needs of each client. Whether it’s advanced SOC operations, real-time threat intelligence, or endpoint security, our experts ensure that the solutions we provide are not just effective but transformative.  Annually, our experts have to handle 500+ incidents, including ransomware, malware, DDoS, APT attacks, etc. Our experts recently claimed champion of Pw2nOwn, the largest hacking competition in the world, and also honored in the cybersecurity hall of fame of tech giants such as Apple, Microsoft, Tesla, etc.

Viettel Cyber Security’s approach is built on three pillars: flexibility, practicality, and affordability. We believe that businesses of all sizes deserve access to top-tier cybersecurity solutions, regardless of budget constraints. That’s why our services are designed to be swift and efficient, delivering concrete results in as little as two weeks—helping organizations quickly enhance their defenses and stay ahead of attackers.

A Trusted Partner for the Future

As cyber threats grow in sophistication, businesses need more than just advanced tools—they need a reliable partner who can navigate the complexity of modern cybersecurity. At Viettel Cyber Security, we are committed to being that partner. We bridge the gap between cutting-edge solutions and their effective deployment, ensuring that businesses have the security, expertise, and confidence to succeed in today’s digital landscape.

With a relentless focus on innovation and client-first service, we are leading the way in both local and global cybersecurity markets.

About Viettel Cyber Security

Viettel Cyber Security (VCS) is a branch of Viettel Group, conducting in-depth research and development of information security solutions. VCS offers a wide range of services tailored to meet the unique needs of our clients, including Security Operations Center (SOC) services for real-time threat monitoring and incident response, Threat Intelligence (TI) to proactively identify and mitigate potential risks, Vulnerability Assessment and Penetration Testing (VAPT) to detect and address system vulnerabilities, and Compromise Assessment (CA) to assess and remediate security breaches. With expertise and cutting-edge technologies, VCS ensures robust protection and peace of mind for organizations navigating the complexities of cybersecurity.

Website: https://viettelcybersecurity.com/

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/bridging-the-cybersecurity-gap-how-a-vietnamese-company-is-safeguarding-global-customers-302280989.html

SOURCE Viettel Cyber Security