BEIJING, Nov. 11, 2024 /PRNewswire/ — MUFG Bank (China) and Digital China Information Service Group have joined forces to fully initiate IT digital construction. The cooperation aims to develop the next-generation core banking system and its supporting peripheral systems for MUFG Bank (China), strengthening its project quality management and system testing capabilities.

Hasegawa Yoshiki, President of MUFG Bank (China), and Wang Yongli, Co-Chairman of DCITS signed the agreement on October 24, 2024, at the Shanghai headquarters of MUFG Bank (China).

DCITS is a leading fintech company that partners with over 1,900 clients in the financial industry worldwide, helping them formulate customized strategies of digital transformation while also providing ready solutions to address various problems. MUFG Bank is Japan’s largest bank that operates globally with a strong presence in China. Leveraging its extensive project implementation experience and in-depth insights, DCITS will help MUFG Bank (China) accelerate its customer-centric digital transformation through thorough IT governance services.

This partnership not only underscores the commitment of MUFG Bank (China) and DCITS to innovation and excellence, but also reflects the broader trend of digital transformation within the financial industry. It is a testament to their shared vision of a more connected and technologically advanced future in finance.

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SOURCE DCITS

MANILA, Philippines, Nov. 11, 2024 /PRNewswire/ — Start2 Group proudly launches the 2024 Philippines Startup Ecosystem Map at Philippine Startup Week, providing a visual snapshot of the nation’s dynamic innovation landscape. This map highlights logos of the top 100 startups, leading corporates, key enablers, investors, service providers, government bodies, and academic institutions, offering a clear overview of the main players shaping the future of the Philippine startup ecosystem.

A Simple Way to See the Bigger Picture

The 2024 Philippines Startup Ecosystem Map provides an easy way to understand the landscape of innovation in the country. For startups, it serves as a tool to gain visibility and discover potential partners. For corporates and investors, it identifies new opportunities for collaboration and investment. Government agencies and public sector leaders can use the map to pinpoint key players and support areas that drive economic growth and innovation.

Highlighting Potential in Climate, Sustainability, and Energy

This map highlights emerging sectors critical to the nation’s growth agenda, such as Climate, Sustainability, and Energy—areas identified by Start2’s Climate Tech Competence Center as essential for future progress. Though still developing, these sectors hold significant potential for innovation and investment, offering unique opportunities to support sustainable solutions that align with the Philippines’ long-term vision. By visually mapping these underexplored areas, the resource connects stakeholders with startups and key players ready to drive transformative progress in these high-impact fields.

A 360° View of Innovation

The Philippines Startup Ecosystem Map provides a 360-degree view of the nation’s innovation network, visually capturing the entire ecosystem in a single, circular design. Startups, investors, corporates, and enablers can quickly spot opportunities for new partnerships and collaborations. The map is a practical tool for building relationships and exploring new opportunities for growth and success in the dynamic Philippine startup community.

“Our mission is to connect startups with forward-thinking corporates and investors to drive meaningful change in the Philippines,” says Claus Karthe, CEO and Founder of Start2 Group Asia. “With the Philippines Startup Ecosystem Map, we aim to inspire corporates to collaborate with startups, integrating startup-driven innovation into their products and processes to better serve their customers and build a more sustainable, innovative future.”

Discover the Philippines Startup Ecosystem Map today at
https://start2.group/program/startup-ecosystem-map-ph/

About Start2 Group

Start2 Group is a global innovation leader taking your startup journey to the next level. As a premier startup ecosystem platform, Start2 Group serves as the ultimate destination for growth-oriented startups, corporations, investors, and public sector to shape and scale ventures with growth potential. 

Founded in 2008, Start2 Group has consistently played a pivotal role in the success stories of thousands of startups, guiding them seamlessly from initial fundraising to global expansion. We operate in key markets across Europe, the Americas, Asia, and the Middle East, shaping the future of innovation on a global scale. 

For more information, please contact: 

Eileen Wong, Director of Marketing, Asia
Start2 Group
Eileen.Wong@start2.group

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SOURCE Start2 Group

SINGAPORE, Nov. 11, 2024 /PRNewswire/ — Tranglo, a leading global cross-border payment hub, today announced its expansion within the Gulf Cooperation Council (GCC) by launching services in three new markets: Oman, Qatar, and Bahrain.

This strategic move aims to meet the growing demand for efficient remittance services across the GCC region, one of the largest remittance markets globally.

By expanding into Oman, Qatar, and Bahrain, Tranglo’s innovative payment solutions are now accessible to over 31 million migrant workers, primarily from South and Southeast Asia, many of whom depend on remittances to support their families.

In 2022, the total remittances to LMICs were estimated at USD 626 billion, with more than USD 120 billion coming from the six GCC countries alone. Remittances from the GCC are projected to grow further in 2024, driven by the positive outlook for oil prices, and the extended social protection for migrant workers.

With the addition of these new markets, Tranglo solidifies its commitment to transforming remittance and cross-border transactions across the region. Tranglo entered the UAE market in 2023, enabling individuals to make direct transfers to bank accounts.

Commenting on the latest milestone, Tranglo Group CEO, Jacky Lee, said: “The entry into Oman, Qatar, and Bahrain, is evidence of our dedication to building a more inclusive and connected world.

“The GCC region has a unique remittance landscape, with millions of workers relying on safe, cost-effective cross-border payments to support loved ones back home. Our expansion in these countries will streamline financial access and strengthen our commitment to providing solutions that make sending money simpler and more affordable.”

At launch, individuals can send funds using the cash pick-up method, with transactions available for near-instant collection in Omani Rial (OMR), Qatari Riyal (QAR), and Bahraini Dinar (BHD). The cash pick-up option is now also available in the UAE.

Tranglo helps financial institutions and businesses pay through Tranglo Connect, its proprietary cross-border payments solution. Tranglo seamlessly integrates payout and partner services, unifying the end-to-end process with direct API access. With Tranglo Connect, companies can reliably and securely make payments to over 100 countries.

About Tranglo

Tranglo is a cross-border payment hub with a proven track record in business payment, foreign remittances and mobile payment solutions. Founded in 2008, we have offices in Kuala Lumpur, Singapore, Jakarta, and London. Our global network spans 100+ countries, 250+ mobile operators, 1,500+ banks/wallets and 60 cash pickup services with thousands of touchpoints. Tranglo is a proud partner of Ripple, the leading enterprise blockchain solutions for global payments. We offer enhanced cross-border payout services with even broader coverage through Ripple Payments. For more information, visit www.tranglo.com or connect via LinkedIn, Twitter or Facebook.

Photo – https://mma.prnewswire.com/media/2551110/TrangloGCC.jpg

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