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Ecobank Partners with Nium to Unlock Real-Time Cross-Border Payments Across 35 African Markets

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Nium announces its partnership with Ecobank, a pan-African financial solutions leader, bringing real-time cross-border payments to 35 markets on the continent

SINGAPORE, Nov. 7, 2024 /PRNewswire/ — Nium, the leading global infrastructure for real-time cross-border payments, today announced a partnership with Ecobank Transnational Incorporated., the leading independent pan-African financial services group, to enable seamless cross-border payments across 35 African markets for more than 32 million customers. This partnership is set to revolutionise the region’s payments landscape by enabling faster, more efficient international payments for businesses and consumers alike.

Nium’s real-time payments infrastructure will be integrated into Ecobank’s existing banking operations, empowering Ecobank to enhance its services for small and medium-sized enterprises (SMEs). Ecobank will connect its existing Swift workflows to Nium, gaining access to real-time transfers, updates, clearing, settlement, and payment tracking, without the need for complex API integrations. This will significantly reduce waiting times for cross-border payments, enabling businesses to make faster payments to over 220 markets, including over 100 countries with real-time capabilities.

Ecobank is a critical financial partner in sub-Saharan Africa. Through this partnership, Ecobank’s customers across the region will benefit from an enhanced payments experience that allows faster and more efficient cross-border transactions, unlocking new opportunities for SMEs to connect with global markets.

Anupam Pahuja, General Manager and Executive Vice President for APAC, Middle East and Africa at Nium, said, “We are thrilled to partner with Ecobank and introduce Nium’s cutting-edge real-time payment capabilities to Africa. This collaboration represents an important step forward in expanding our global payments network, and we are proud to support Ecobank in delivering faster, more efficient payments for its customers across the region.”

“Partnering with Nium allows us to enhance our service offerings and provide our customers with faster, more efficient cross-border payment solutions. By leveraging our unique API-based payment platform, this collaboration is a significant step towards advancing financial inclusion and connectivity across Africa and enabling businesses to thrive in a global marketplace,” said Jeremy Awori, CEO of Ecobank Group.

Ecobank can exchange its existing SwiftMT & ISO20022 messages with Nium to initiate payments on the real-time platform, accelerating business growth and improving the speed and accuracy of cross-border payments for African businesses.

The partnership also aligns with Nium’s broader strategy to enhance global financial inclusion, enabling access to real-time payments in regions where traditional banking systems may be slow or unreliable. Through this collaboration, Ecobank is now better equipped to provide an unmatched cross-border payment experience for its customers, while Nium continues its mission to democratize access to the world’s largest real-time payments network.

About Nium

Nium, the leading global infrastructure for real-time cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 220+ markets, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 40 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorisations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore. 

About Ecobank Group (or ‘Ecobank Transnational Incorporated’ or ‘ETI’)

Ecobank Group is the leading private pan-African financial services group with unrivalled African expertise. Present in 35 sub-Saharan African countries, as well as France, the UK, UAE and China, its unique pan-African platform provides a single gateway for payments, cash management, trade and investment. The Group employs almost 15,000 people and offers Consumer, Commercial, Corporate and Investment Banking products, services and solutions across multiple channels, including digital, to over 32 million customers. For further information, please visit ecobank.com

Logo: https://mma.prnewswire.com/media/1678669/5010242/Nium_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/ecobank-partners-with-nium-to-unlock-real-time-cross-border-payments-across-35-african-markets-302298456.html

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Zhejiang Archaeology and Chinese Civilization Series “Rice Cultivation and Oriental Civilization” Exhibition Launched at China Cultural Center in Tokyo, Japan

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TOKYO, Nov. 8, 2024 /PRNewswire/ — The thematic exhibition, “Rice Cultivation and Oriental Civilization”, is now open to public at China Cultural Center in Tokyo, Japan. Running daily from 10:30 to 17:00, from November 6 to 15, 2024, This exhibition is organized by the Zhejiang Institute of Cultural Relics and Archaeology, and is presented from the perspective of Eastern civilization. This exhibition showcases the evolution of prehistoric rice civilization in the lower reaches of the Yangtze River in China over the last 10,000 years, as well as its profound connection with Oriental civilization, through archaeological findings and research outcomes.

Japan and Zhejiang, united by the shared aroma of rice and the richness of civilizations, welcome you to this exhibition with open arms. Besides, a ceremony to inaugurate the exhibition will take place at China Cultural Center in Tokyo at 1 p.m. November 6. The event will feature academic exchanges between top Japanese and Chinese experts in the field of archaeology. You are cordially invited to join us for this enlightening event!

View original content:https://www.prnewswire.com/apac/news-releases/zhejiang-archaeology-and-chinese-civilization-series-rice-cultivation-and-oriental-civilization-exhibition-launched-at-china-cultural-center-in-tokyo-japan-302299687.html

SOURCE Zhejiang Institute of Cultural Relics and Archaeology

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OCKAM LAUNCHES ZERO TRUST CONNECTORS ON SNOWFLAKE MARKETPLACE

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Snowflake customers can now connect every application, data source, and service in their enterprise to the AI Data Cloud with Ockam.

SAN FRANCISCO, Nov. 8, 2024 /PRNewswire/ — Ockam today announced the launch of eight new Connectors on Snowflake Marketplace. Ockam’s Snowflake Connectors will make it possible for joint customers to extend their AI Data Cloud to any federated application, data source and API across their enterprise.

Snowflake customers can now connect every data source in their enterprise to the AI Data Cloud with Ockam.

“The Snowflake Native App Framework and Snowflake Marketplace infrastructure is a game changer,”  said Matthew Gregory, Founder and CEO, Ockam. “I was part of the inception of the Heroku and Azure marketplaces and have experienced how open platforms build unifying ecosystems and strong communities. It’s been a long time coming, but now there’s an AI Data Cloud that’s committed to breaking silos to connect enterprise applications – everywhere.”

Ockam and Snowflake, the AI Data Cloud company, are working together to help joint customers inform business decisions and drive innovations by extending the power of the AI Data Cloud to every application, service, and data source, regardless of their cloud or on-prem footprint. Joint customers can now bring their data to other business critical applications without the risk of exposing data, or applications, to public facing internet gateways. Ockam Connectors create secure, mutually authenticated, point-to-point connections between Snowflake and every application in the enterprise. Previously, some business critical applications have been hard, if not impossible, to connect to Snowflake. Ockam makes it easy to access silos and to build a truly enterprise-wide Data Cloud.

“This collaboration with Ockam underscores our shared motivation to enable organizations to get the most out of their data and secure their environments,” said Tarik Dwiek, Head of Technology Alliances at Snowflake. “By bringing Ockam’s Connectors to the AI Data Cloud, we’re helping organizations to secure their applications, APIs, container services, or data stores across multi-cloud or hybrid infrastructures and accelerate their digital transformation journey.”

Ockam’s Snowflake Connectors add guarantees of data confidentiality, integrity, and authenticity, so you can enforce your enterprise data governance and privacy policies for connections to and from Snowflake. Every cloud app, API, container service, and data store across your multi-cloud or hybrid infrastructure will get its own unique cryptographically provable identity and encryption keys. They individually use their keys to mutually authenticate with their Snowflake AI Data Cloud and establish trusted secure channels across the data platform. All the data that moves through the AI Data Cloud is end-to-end encrypted while in motion. Keys, enrollments, and credentials are safely created, stored, rotated, and revoked automagically so there’s almost nothing to manage.

Snowflake Marketplace is powered by Snowflake’s ground-breaking cross-cloud technology, Snowgrid, allowing companies direct access to raw data products and the ability to leverage data, apps, and AI products quickly, securely, and cost-effectively. Snowflake Marketplace simplifies discovery, access, and the commercialization of data products, enabling companies to unlock entirely new revenue streams and extended insights across the AI Data Cloud. To learn more about Snowflake Marketplace and how to find, try and buy the data, apps and AI products needed for innovative business solutions, click here.

About Ockam

Ockam is simple. There are three things you need to know:

Ockam enables you to build trust between every application, database, SaaS service, code repo, data lake, AI Engine, container, and microservice… everywhere, in any network.Ockam is networkless. We enable you to skip the pain of system administration, IP Backlogs, Allow Lists,VPNs, firewalls, reverse proxies, setting up public endpoints, creating public APIs, and key administration.Ockam is secure-by-design. It is open-source, audited and built in rust. It does the encryption, authentication, key generation, rotation, revocation, and a lot more.

Get Ockam Connectors on Snowflake Marketplace
Learn more at https://www.ockam.io/for/snowflake

Media Contact: Nicholas Ippolito, nicholas@ockam.io 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ockam-launches-zero-trust-connectors-on-snowflake-marketplace-302298503.html

SOURCE Ockam.io

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PT SMI Successfully Hosted the ADFIAP International CEO Forum XVII, Sharpens Collaborations to Accelerate Sustainable Development

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BALI, Indonesia, Nov. 8, 2024 /PRNewswire/ — ADFIAP International CEO Forum XVII successfully concluded with over 150 esteemed participants shared common agreement regarding the crucial role of Development Finance Institutions (DFI). The event hosted by PT Sarana Multi Infrastruktur (Persero) (“PT SMI”), a state-owned enterprise under the Ministry of Finance of the Republic of Indonesia, held in Bali, Indonesia, on November 6-8 2024.

Under the forum theme, “Building a Sustainable Future: The Crucial Role of DFIs in a Low Carbon Development Agenda”, the conference brings together CEOs of development banks and ADFIAP member financial institutions to conduct meaningful dialogues, exchange ideas and collaborate on current issues related to sustainable development and climate change challenges as well as financing the development of projects related to climate change faced by many financial institutions. The forum served as a platform for high-level discussions, knowledge sharing and collaboration among key industry stakeholders, which will support the common goals.

As the forum concluded, there are several key takeaways emerge: a. The urgency of climate action is undeniable. DFIs must accelerate the energy transition and adopt sustainable practices across all sectors; b. Collaboration is the key to unlocking the full potential of sustainable development. By working together, DFIs can overcome challenges, share knowledge, and amplify their impact; c. Innovation is the engine of progress. DFIs must embrace new ideas, technologies, and business models to address the complexities of the 21st century; d. The human dimension must be at the heart of DFI’s work. DFI must prioritize social equity, environmental sustainability, and human well-being.

PT SMI was appointed as the host of CEO Forum for the first time, since joining ADFIAP back in 2016. Through its membership in ADFIAP, PT SMI expands networks and builds relationships with financial institutions to collaborate and contribute to sustainable development.

“We are truly privileged to host this important event and appreciate the trust and confidence placed in us by ADFIAP. The theme of this year’s forum, “Building a Sustainable Future: The Crucial Role of Development Finance Institutions in a Low Carbon Development Agenda” couldn’t be more timely. PT SMI is committed to transforming itself into a full-fledged DFI. By focusing on research-based concessional loans and aligning our activities with the principles of People, Planet, Profit, and Prosperity, we aim to maximize our impact on sustainable development”, says Reynaldi Hermansjah, President Director of PT SMI.

Notable speakers from renowned DFIs, government institutions, and international organizations enlightened participants with their expertise and insights. Key topics covered included equitable energy transition, leveraging digital transformation strategies, the role of impact investment in building resilient infrastructure, and ensuring universal water access and sanitation. The delegates were also treated to experience the richness of Balinese culture through a series of tour agendas, enjoying traditional culinary and local arts.

“This year’s CEO Forum proved successful in uniting visions through a number of fruitful discussions. We are aware that the effort for driving sustainable development and combating climate change is still a work in progress. But what we achieved here in Bali in the past few days is definitely essential for us to move forward with our collective agenda of fostering sustainable growth and development in our region and beyond”, says H.E. Dr. Kao Thach, ADFIAP Chairman.

Association of Development Financing Institution in Asia Pacific (ADFIAP) is an association whose members are development banks and other financial institutions involved in the development financing activities in the Asia-Pacific region. Founded in 1976, ADFIAP has a mission to advance sustainable development through its members which currently consist of 94 institutions in 41 countries.

About PT Sarana Multi Infrastruktur (Persero) (“PT SMI”)

PT Sarana Multi Infrastruktur (Persero) (“PT SMI”) was established on February 26, 2009 as a State-Owned Enterprise under the coordination of the Ministry of Finance as a Non-Bank Financial Institution, with a role and mandate to act as a sustainable development agent.

PT SMI has various functions and unique products/features to support the acceleration of infrastructure development which not only functions as an infrastructure financing but also as an enabler through the implementation of a Public Private Partnership (PPP) scheme, which includes various financial institutions, both private and multilateral. PT SMI actively supports the PPP implementation and encourages the acceleration of infrastructure development in the regions through regional loan products.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/pt-smi-successfully-hosted-the-adfiap-international-ceo-forum-xvii-sharpens-collaborations-to-accelerate-sustainable-development-302298958.html

SOURCE PT Sarana Multi Infrastruktur (Persero)

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