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FOMO Group Appoints New Head of Compliance to Strengthen Regulatory Commitment

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SINGAPORE, March 4, 2024 /PRNewswire/ — FOMO Group, a Singapore-based financial holding group, today announces the appointment of Cindy Ho as Group Head of Compliance. Cindy will lead the Group’s Compliance function, overseeing regulatory compliance, policy development and implementation, risk assessment and business advisory activities, to support its business growth.

Cindy brings over 30 years of compliance experience to the role, having held key leadership positions in renowned financial institutions with a wealth of experience covering compliance issues across the region. Formerly the Chief Control Officer of Bank J. Safra Sarasin in Singapore, she led the Singapore and Hong Kong Compliance teams, managing regulatory advisory and KYC/AML/CFT surveillance in Asia. Prior to this, Cindy held roles as the Vice President of Compliance at Credit Suisse and the Head of Compliance for Private Banking at Standard Chartered Bank. She successfully spearheaded large-scale compliance projects, orchestrating the development of robust compliance frameworks to combat anti-money laundering and KYC issues across Asian markets and ensure adherence to regulatory requirements. Her extensive experience working with regional stakeholders and fostering positive impact in the finance ecosystem aligns seamlessly with FOMO Group’s pursuit of top-tier talent to elevate compliance capabilities and uphold a leading position in the industry.

As Group Head of Compliance, Cindy will play a pivotal role in advancing FOMO Group’s commitment to customer protection and robust compliance. She will direct the implementation and enhancement of a comprehensive compliance framework aligned with regulatory requirements across various jurisdictions. Leveraging her extensive knowledge, Cindy will consistently optimize the organization’s suite of compliance tools to ensure robust security throughout the entire business process, from client onboarding to transaction monitoring, to bolster client trust. Cindy’s strategic focus also includes maintaining close engagement with regulatory bodies and participating in industry dialogues, which contribute to developing practical compliance programs and standards for the broader industry.

“The digital finance industry has experienced transformative shifts propelled by innovative technologies that enhance efficiency and accessibility,” said Cindy. “While this presents exciting opportunities, it also introduces new complexities and risks that need to be carefully managed.”

“FOMO Group has consistently demonstrated its commitment to the highest standards of compliance. I look forward to working with its wealth of talent to build a robust line of defense. Together, we will navigate the dynamic regulatory landscape and uphold the trust our customers place in us,” said Cindy.

Louis Liu, Chairman of FOMO Group, said, “We are excited to welcome Cindy to our team as we propel forward in building a trusted, fully regulated, one-stop digital payment platform. With her vast, impressive background and deep understanding of compliance, she is an ideal fit to guide our compliance initiatives to strengthen our business competitiveness and resilience. Compliance stands paramount in our priorities, and we believe her joining our team perfectly aligns with our goal of ensuring compliance and fostering sustainable growth.”

About FOMO Group

Founded in 2015, FOMO Group is a Singapore-based financial holding group, globally recognized and trusted by institutional and corporate clients as a leading one-stop digital payment, digital banking and digital asset solutions provider. With a commitment to seamlessly bridging Web 2.0 and Web 3.0 ecosystems, FOMO Group owns three financial institutions which operate independently from each other:

FOMO Pay – A major payment institution regulated under the Payment Services Act to conduct Cross-border Money Transfer Service, Domestic Money Transfer Service, Digital Payment Token Service, and Merchant Acquisition Service. The firm is currently building Asia’s first licensed gateway helping institutions and businesses to connect between fiat and digital currency.CapBridge – A Capital Markets Services licensee licensed to deal in capital markets products, including securities and collective investment schemes, and provide custodial services. It is also an exempt financial adviser permitted to advise on investment products and to issue or promulgate analyses and reports on such investment products.1exchange – A licensed and regulated private securities exchange with a Recognized Market Operator License, allowing companies and investors to list and trade regulated financial products and equity assets.

For media inquiries, contact marketing@fomopay.com.

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SOURCE FOMO Pay

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Surpassing Quantitative Think Tank Center Advances AI-Blockchain Integration Under the Leadership of Will Sage Astor

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Surpassing Quantitative Think Tank Center strengthens its role as a leader in the convergence of blockchain and artificial intelligence, advancing global knowledge, technical innovation, and collaborative research ecosystems.

DALLAS, April 11, 2025 /PRNewswire-PRWeb/ — Surpassing Quantitative Think Tank Center is reinforcing its position as a pioneer in the integration of blockchain technology and artificial intelligence, focusing on the development of decentralized intelligence frameworks and secure computation models. Through consistent investment in interdisciplinary research and engineering, the center is creating systems designed to meet the evolving challenges of the digital era.

At the heart of the center’s mission is a commitment to technical innovation driven by real-world applicability. Research initiatives are structured around modular, scalable, and open technologies capable of operating across global digital infrastructures. By designing interoperable protocols and intelligent coordination systems, the center enables seamless communication between autonomous agents, distributed databases, and algorithmic logic engines.

The organization fosters collaboration between computer scientists, system architects, and AI ethicists to develop reliable and transparent platforms. Emphasizing explainability, system integrity, and accountability, these platforms are built to meet high standards of technical performance while maintaining adaptability across diverse applications, including governance automation, supply chain intelligence, identity systems, and privacy-preserving data processing.

Beyond research and development, Surpassing Quantitative Think Tank Center places a strong emphasis on education, outreach, and talent cultivation. The center provides workshops, technical labs, and training programs that allow students, engineers, and domain experts to gain hands-on experience with blockchain-integrated AI technologies. These educational efforts are designed to bridge the gap between academic theory and technological practice, fostering a new generation of ethically grounded technologists.

The center also operates with a decentralized philosophy, emphasizing transparency and inclusivity in its collaborative ecosystem. By incorporating feedback mechanisms and open-source engagement models, Surpassing Quantitative Think Tank Center builds community-driven momentum around its projects. Contributors from various disciplines and regions are encouraged to participate in research discussions, protocol development, and platform testing, creating a collective innovation culture.

One of the center’s key strengths lies in its long-term perspective. Rather than focusing on isolated applications, its research aims to develop foundational systems with the flexibility to evolve over time. This includes infrastructure for agent-based networks, consensus algorithms that incorporate machine learning models, and self-adaptive systems that respond to changes in data environments or user behaviors.

Looking ahead, the center intends to deepen global cooperation through partnerships with universities, independent labs, and decentralized networks. Upcoming initiatives include the launch of a multilingual education series, expansion of international knowledge-sharing events, and publication of key findings in peer-reviewed technical journals. These efforts aim to raise global awareness of responsible AI-blockchain integration and promote best practices in secure and decentralized system design.

Surpassing Quantitative Think Tank Center continues to serve as a catalyst for technological advancement, combining rigorous research with collaborative innovation. By pushing the boundaries of AI and blockchain convergence, the center contributes to a future where intelligent systems are not only powerful but also trustworthy, inclusive, and adaptable to global needs.

Media Contact

Hannah Richardson, Surpassing, 1 514-705-6403, service@surpassingbot.com, https://surpassingbot.com/

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SOURCE Surpassing

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Truecaller’s board propose dividend and cancellation of repurchased shares

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STOCKHOLM, April 11, 2025 /PRNewswire/ — The Board of Directors of Truecaller has resolved to propose a dividend of SEK 1.70 per share for the financial year 2024, a cancellation of more than 3.9 million repurchased shares, and that the Annual General Meeting authorizes the Board to repurchase up to 10 percent of the outstanding shares following the AGM.

Given Truecaller’s stable profitability, the Board decided in 2024 to introduce a dividend policy whereby 25 percent of the year’s net profit shall be distributed to shareholders. For the financial year 2024, this corresponds to SEK 0.37 per share. In addition, the Board is proposing an extra dividend of SEK 1.33 per share. The Board considers that the company, even after such a distribution, will retain a financial strength well aligned with the company’s expected future needs for stability and strategic flexibility. As of year-end, Truecaller’s cash and investments in short-term interest funds amounted to approximately SEK 1,324 million. The total proposed dividend amounts to just over SEK 580 million.

“The Board intends to continue returning capital to shareholders through both dividends and potential future share buybacks. In light of Truecaller’s strong financial position, profitability, and cash flow, we are once again proposing a larger dividend to achieve a more capital-efficient financial structure. Our profitability and robust cash flows enable us to fund both continued growth and the distribution of profits to our shareholders through buybacks and dividends,” says Nami Zarringhalam, Chairman of the Board at Truecaller.

If the dividend proposal is approved by the AGM, Truecaller will have returned over SEK 2.2 billion to shareholders through buybacks and dividends since its IPO in 2021, as shown in the table below.

SEK
millions

Dividend

Share
buybacks

Total

2022

182

182

2023

660

660

2024

590

242

832

2025

580*

0**

580

Total

1.170*

1.084**

2.254

 * Refers to proposed dividend
** Refers to amount as of the date of this press release

The full notice and other proposals for the Annual General Meeting on May 23 will be published through another pressrelease and will be available on Truecaller’s website.

For more information, please contact:

Andreas Frid, Head of IR & Communication
+46 705 29 08 00
andreas.frid@truecaller.com

About Truecaller:
Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 450 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/truecaller-s-board-propose-dividend-and-cancellation-of-repurchased-shares,c4134646

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SOURCE Truecaller AB

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Temu Recognized in Spain for Innovation in E-Commerce

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BARCELONA, Spain, April 11, 2025 /PRNewswire/ — Temu has been recognized with the “eCommerce of the Year” award at the eAwards 2025 for excellence in innovation, design, strategy, and results.

The awards ceremony took place at eShow Next 2025 at the Fira de Barcelona, an annual event that highlights the best companies, strategies, and executives in the e-commerce and digital marketing sectors on April 10. The eAwards recognize innovations developed by leading companies in Spain, as well as their excellence, professionalism, and commitment to research and development—all aimed at improving the shopping experience for users.

Temu has been growing in popularity since it began serving consumers in the European Union two years ago. In Spain, more than 90% of Temu customers say the platform offers excellent value for money, according to a recent study by IPSOS commissioned by Temu . The report also shows that 89% of Spanish respondents believe higher prices do not necessarily mean better quality, citing affordability, variety, and positive past experiences as the main reasons for recommending Temu.

“Temu gives Spanish consumers the choice of affordable products without compromising on quality,” said a Temu spokesperson. “We are also welcoming more local sellers onto our platform, which will expand the selection of local products and enable faster delivery.”

Temu launched in its first European markets two years ago and has gained popularity with consumers thanks to its affordable, quality products—made possible by connecting consumers directly with manufacturers and distributors.

The company expects its local-to-local model to account for 80% of European sales and to support local sellers in expanding into new markets through the platform.

About Temu:

Temu is a global e-commerce platform connecting consumers with millions of manufacturers, brands, and business partners. Operating in more than 90 markets worldwide, Temu is committed to providing affordable, high-quality products that enable customers to live better lives.

Photo – https://mma.prnewswire.com/media/2662022/Photo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/temu-recognized-in-spain-for-innovation-in-e-commerce-302425866.html

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